IMPAC SECURED ASSETS CORP.,
Depositor,
IMPAC FUNDING CORPORATION
Master Servicer,
and
DEUTSCHE BANK NATIONAL TRUST COMPANY
Trustee
POOLING AND SERVICING AGREEMENT
Dated as of April 1, 2007
________________________
Mortgage Pass-Through Certificates
Series 2007-3
TABLE OF CONTENTS
Page
ARTICLE I | DEFINITIONS | 8 |
Section 1.01. | Defined Terms. | 8 |
Accrual Period | 8 | |
Addition Notice | 8 | |
Adjustment Date | 8 | |
Advance | 8 | |
Affected Party | 8 | |
Affiliate | 8 | |
Aggregate Stated Principal Balance | 8 | |
Agreement | 9 | |
Allocated Realized Loss Amount | 9 | |
Assessment of Compliance | 9 | |
Assignment | 9 | |
Attestation Report | 9 | |
Available Distribution Amount | 9 | |
Balloon Loan | 9 | |
Balloon Payment | 9 | |
Bankruptcy Code | 10 | |
Basic Principal Distribution Amount | 10 | |
Book-Entry Certificate | 10 | |
Business Day | 10 | |
Cap Contract I | 10 | |
Cap Contract II | 10 | |
Cap Contracts | 10 | |
Cap Counterparty | 10 | |
Cash Liquidation | 10 | |
Certificate | 10 | |
Certificate Account | 10 | |
Certificate Account Deposit Date | 11 | |
Certificate Guaranty Insurance Policy | 11 | |
Certificate Insurer | 11 | |
Certificate Margin | 11 | |
Certificate Owner | 11 | |
Certificate Principal Balance | 12 | |
Certificate Register | 12 | |
Certificateholder or Holder | 12 | |
Class | 12 | |
Class A Certificates | 12 | |
Class A1-A Certificate | 12 | |
Class A1-B Certificate | 12 | |
Class A1-C Certificate | 13 | |
Class AM Certificate | 13 | |
Class A Principal Distribution Amount | 13 |
i
Class B Certificate | 13 |
Class C Certificates | 13 |
Class C Distribution Amount | 13 |
Class IO Interest | 14 |
Class IO Distribution Amount | 14 |
Class M Certificates | 14 |
Class M Interest Reserve Fund | 14 |
Class M Interest Reserve Fund Amount | 14 |
Class M-1 Certificate | 14 |
Class M-2 Certificate | 14 |
Class M-3 Certificate | 14 |
Class M-4 Certificate | 14 |
Class M-4 Interest Reserve Fund Amount | 15 |
Class M-5 Certificate | 15 |
Class M-5 Interest Reserve Fund Amount | 15 |
Class M-6 Certificate | 15 |
Class M-6 Interest Reserve Fund Amount | 15 |
Class M-7 Certificate | 15 |
Class M-7 Interest Reserve Fund Amount | 15 |
Class M-8 Certificate | 16 |
Class P Certificate | 16 |
Class R Certificate | 16 |
Class R-1 Interest | 16 |
Class R-2 Interest | 16 |
Class R-3 Interest | 16 |
Closing Date | 16 |
Code | 16 |
Collateral Account | 16 |
Collateral Value | 16 |
Commission | 16 |
Compensating Interest | 17 |
Corporate Trust Office | 17 |
Corresponding Certificate | 17 |
Countrywide | 17 |
Credit Enhancement Percentage | 17 |
Credit Support Annex One | 17 |
Credit Support Annex Two | 17 |
Current Report | 17 |
Curtailment | 18 |
Custodial Account | 18 |
Custodian | 18 |
Cut-off Date | 18 |
Cut-off Date Balance | 18 |
Defaulted Mortgage Loan | 18 |
Defaulting Party | 18 |
Deficiency Amount | 18 |
ii
Deficient Valuation | 18 |
Definitive Certificate | 19 |
Deleted Mortgage Loan | 19 |
Delinquent | 19 |
Depositor Impac Secured Assets Corp., or its successor in interest. | 19 |
Depository | 19 |
Depository Participant | 19 |
Derivative Account | 19 |
Derivative Contract | 19 |
Derivative Termination Payment | 19 |
Determination Date | 20 |
Disqualified Organization | 20 |
Distribution Date | 20 |
Distribution Report | 20 |
Due Date | 20 |
Due Period | 20 |
Eligible Account | 20 |
Estimated Swap Termination Payment | 21 |
Event of Default | 21 |
Excess Proceeds | 21 |
Exchange Act | 21 |
Extra Principal Distribution Amount | 21 |
Fannie Mae | 21 |
FDIC | 21 |
Final Scheduled Distribution Date | 21 |
Freddie Mac | 21 |
Gross Margin | 21 |
Index | 22 |
Initial Certificate Principal Balance | 22 |
Initial Interest Coverage Deposit | 22 |
Initial Mortgage Loans | 22 |
Initial Notional Amount | 22 |
Insurance Account | 22 |
Insurance Agreement | 22 |
Insurance Policy | 22 |
Insurance Proceeds | 22 |
Insured Amounts | 22 |
Insurer Default | 22 |
Interest Coverage Account | 23 |
Interest Coverage Distribution Amount | 23 |
Interest Rate Swap Agreement | 23 |
Interest Remittance Amount | 23 |
Late Collections | 23 |
LIBOR | 23 |
LIBOR Business Day | 23 |
LIBOR Rate Adjustment Date | 23 |
iii
Liquidated Mortgage Loan | 23 |
Liquidation Proceeds | 24 |
Loan-to-Value Ratio | 24 |
Lost Note Affidavit | 24 |
Majority Class C Certificateholder | 24 |
Marker Rate | 24 |
Master Servicer | 24 |
Master Servicer Prepayment Charge Payment Amount | 24 |
Master Servicing Fees | 25 |
Master Servicing Fee Rate | 25 |
Maximum Uncertificated Accrued Interest Deferral Amount | 25 |
MERS | 25 |
MERS® System | 25 |
MIN | 26 |
MOM Loan | 26 |
Monthly Interest Distributable Amount | 26 |
Monthly Payment | 26 |
Moody's | 26 |
Mortgage | 26 |
Mortgage File | 26 |
Mortgage Loan | 26 |
Mortgage Loan Purchase Agreement | 26 |
Mortgage Loan Schedule | 27 |
Mortgage Note | 28 |
Mortgage Rate | 28 |
Mortgaged Property | 28 |
Mortgagor | 28 |
Net Liquidation Proceeds | 28 |
Net Monthly Excess Cashflow | 28 |
Net Mortgage Rate | 28 |
Net Prepayment Interest Shortfall | 29 |
Net Swap Payment | 29 |
Net WAC Rate | 29 |
Net WAC Shortfall Amount | 29 |
Net WAC Shortfall Reserve Fund | 30 |
Net WAC Shortfall Reserve Fund Deposit | 30 |
Nonrecoverable Advance | 30 |
Non-United States Person | 30 |
Notional Balance | 30 |
Officers’ Certificate | 30 |
One Month LIBOR | 30 |
Opinion of Counsel | 30 |
Optional Termination Date | 31 |
Original Pre-Funded Amount | 31 |
OTS | 31 |
Outstanding Mortgage Loan | 31 |
iv
Overcollateralization Deficiency Amount | 31 |
Overcollateralization Floor | 31 |
Overcollateralization Release Amount | 31 |
Overcollateralization Target Amount | 31 |
Overcollateralized Amount | 31 |
Ownership Interest | 32 |
Pass-Through Rate | 32 |
Percentage Interest | 32 |
Permitted Investment | 32 |
Permitted Transferee | 34 |
Person | 34 |
PMI Insurer | 34 |
PMI Insurer Fee Rate | 34 |
PMI Insurer Policy | 34 |
PMI Mortgage Loan | 34 |
Policy Premium | 34 |
Policy Premium Rate | 34 |
Pre-Funded Amount | 34 |
Pre-Funding Account | 34 |
Pre-Funding Period | 34 |
Preference Amount | 34 |
Prepayment Assumption | 35 |
Prepayment Charge | 35 |
Prepayment Interest Excess | 35 |
Prepayment Interest Shortfall | 35 |
Prepayment Period | 35 |
Primary Hazard Insurance Policy | 35 |
Primary Insurance Policy | 35 |
Principal Distribution Amount | 35 |
Principal Prepayment | 35 |
Principal Prepayment in Full | 36 |
Principal Remittance Amount | 36 |
Prospectus Supplement | 36 |
Purchase Price | 36 |
Qualified Insurer | 36 |
Qualified Substitute Mortgage Loan | 37 |
Rating Agency | 37 |
Realized Loss | 37 |
Record Date | 37 |
Regular Certificate | 38 |
Regulation AB | 38 |
Relief Act | 38 |
Relief Act Interest Shortfall | 38 |
REMIC | 38 |
REMIC 1 | 38 |
REMIC 1 Regular Interest | 39 |
v
REMIC 2 | 39 |
REMIC 2 Interest Loss Allocation Amount | 39 |
REMIC 2 Overcollateralized Amount | 39 |
REMIC 2 Overcollateralization Target Amount | 39 |
REMIC 2 Principal Loss Allocation Amount | 39 |
REMIC 2 Regular Interest | 40 |
REMIC 3 | 40 |
REMIC 3 Regular Interest | 40 |
REMIC Provisions | 40 |
REMIC Regular Interest | 40 |
Remittance Report | 40 |
REO Acquisition | 40 |
REO Disposition | 40 |
REO Imputed Interest | 40 |
REO Proceeds | 41 |
REO Property | 41 |
Request for Release | 41 |
Residual Certificate | 41 |
Residual Interest | 41 |
Responsible Officer | 41 |
Schedule | 41 |
Servicing Account | 41 |
Servicing Advances | 41 |
Servicing Criteria | 41 |
Servicing Guide | 42 |
Servicing Officer | 42 |
Single Certificate | 42 |
Sponsor | 42 |
Standard & Poor’s | 42 |
Startup Day | 42 |
Stated Principal Balance | 42 |
Step-Up Date | 42 |
Stepdown Date | 42 |
Stepdown Target Subordination Percentage | 43 |
Subordinate Certificates | 43 |
Subordinate Class Principal Distribution Amount | 43 |
Subsequent Cut-off Date | 44 |
Subsequent Recoveries | 44 |
Subsequent Transfer Date | 44 |
Subsequent Transfer Instrument | 44 |
Sub-Servicer | 45 |
Sub-Servicer Remittance Date | 45 |
Sub-Servicing Account | 45 |
Sub-Servicing Agreement | 45 |
Sub-Servicing Fees | 45 |
Sub-Servicing Fee Rate | 45 |
vi
Substitution Adjustment | 45 | |
Supplemental Interest Trust | 45 | |
Supplemental Interest Trust Trustee | 45 | |
Swap LIBOR | 45 | |
Swap Optional Termination Payment | 45 | |
Swap Provider | 46 | |
Swap Provider Trigger Event | 46 | |
Swap Termination Payment | 46 | |
Tax Matters Person | 46 | |
Tax Returns | 46 | |
Transfer | 46 | |
Transferor | 46 | |
Trigger Event | 46 | |
Trust Fund | 47 | |
Trustee | 47 | |
Trustee Fee Rate | 47 | |
Uncertificated Accrued Interest | 47 | |
Uncertificated Notional Balance | 48 | |
Uncertificated Pass-Through Rate | 49 | |
Uncertificated Principal Balance | 49 | |
Uncertificated REMIC 1 Pass-Through Rate | 49 | |
Uncertificated REMIC 2 Pass-Through Rate | 50 | |
Uninsured Cause | 53 | |
United States Person | 53 | |
Unpaid Interest Shortfall Amount | 54 | |
Voting Rights | 54 | |
Weighted Average Net Mortgage Rate | 54 | |
Section 1.02. | Determination of LIBOR. | 54 |
Section 1.03. | Allocation of Certain Interest Shortfalls. | 55 |
ARTICLE II | CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES | 57 |
Section 2.01. | Conveyance of Mortgage Loans. | 57 |
Section 2.02. | Acceptance of the Trust Fund by the Trustee. | 61 |
Section 2.03. | Representations, Warranties and Covenants of the Master Servicer and the Depositor. | 62 |
Section 2.04. | Representations and Warranties of the Sponsor. | 64 |
Section 2.05. | Issuance of Certificates; Conveyance of REMIC Regular Interests and Acceptance of REMIC 2 and REMIC 3 by the Trustee. | 66 |
Section 2.06. | Purposes and Powers of the Trust. | 67 |
Section 2.07. | Conveyance of Subsequent Mortgage Loans. | 68 |
ARTICLE III | ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS | 72 |
Section 3.01. | Master Servicer to Act as Master Servicer. | 72 |
Section 3.02. | Sub-Servicing Agreements Between Master Servicer and Sub-Servicers. | 74 |
Section 3.03. | Successor Sub-Servicers. | 75 |
vii
Section 3.04. | Liability of the Master Servicer. | 75 |
Section 3.05. | No Contractual Relationship Between Sub-Servicers and Trustee or Certificateholders. | 75 |
Section 3.06. | Assumption or Termination of Sub-Servicing Agreements by Trustee. | 76 |
Section 3.07. | Collection of Certain Mortgage Loan Payments. | 76 |
Section 3.08. | Sub-Servicing Accounts. | 77 |
Section 3.09. | Collection of Taxes, Assessments and Similar Items; Servicing Accounts. | 78 |
Section 3.10. | Custodial Account. | 78 |
Section 3.11. | Permitted Withdrawals From the Custodial Account. | 79 |
Section 3.12. | Permitted Investments. | 80 |
Section 3.13. | Maintenance of Primary Hazard Insurance. | 81 |
Section 3.14. | Enforcement of Due-on-Sale Clauses; Assumption Agreements. | 83 |
Section 3.15. | Realization Upon Defaulted Mortgage Loans. | 84 |
Section 3.16. | Trustee to Cooperate; Release of Mortgage Files. | 85 |
Section 3.17. | Servicing Compensation. | 86 |
Section 3.18. | Maintenance of Certain Servicing Policies. | 87 |
Section 3.19. | Annual Statement as to Compliance. | 87 |
Section 3.20. | Assessments of Compliance and Attestation Reports. | 88 |
Section 3.21. | Access to Certain Documentation. | 90 |
Section 3.22. | Title, Conservation and Disposition of REO Property. | 90 |
Section 3.23. | Additional Obligations of the Master Servicer. | 92 |
Section 3.24. | Additional Obligations of the Depositor. | 92 |
Section 3.25. | Exchange Act Reporting. | 93 |
Section 3.26. | Intention of the Parties and Interpretation. | 96 |
Section 3.27. | Optional Purchase of Certain Mortgage Loans. | 96 |
ARTICLE IV | PAYMENTS TO CERTIFICATEHOLDERS | 98 |
Section 4.01. | Distributions. | 98 |
Section 4.02. | Statements to Certificateholders. | 104 |
Section 4.03. | Remittance Reports; Advances by the Master Servicer. | 107 |
Section 4.04. | Distributions on the REMIC Regular Interests. | 109 |
Section 4.05. | Allocation of Realized Losses. | 112 |
Section 4.06. | Information Reports to Be Filed by the Master Servicer. | 114 |
Section 4.07. | Compliance with Withholding Requirements. | 114 |
Section 4.08. | Net WAC Shortfall Reserve Fund. | 114 |
Section 4.09. | Supplemental Interest Trust. | 115 |
Section 4.10. | Tax Treatment of Class IO Distribution Amounts in the Event of Resecuritization of Class A, Class M or Class B Certificates. | 118 |
Section 4.11. | Collateral Account. | 118 |
Section 4.12. | The Certificate Guaranty Insurance Policy. | 120 |
Section 4.13. | Class M Interest Reserve Fund. | 122 |
Section 4.14. | Pre-Funding Account. | 123 |
Section 4.15. | Interest Coverage Account. | 124 |
ARTICLE V | THE CERTIFICATES | 126 |
viii
Section 5.01. | The Certificates. | 126 |
Section 5.02. | Registration of Transfer and Exchange of Certificates. | 127 |
Section 5.03. | Mutilated, Destroyed, Lost or Stolen Certificates. | 133 |
Section 5.04. | Persons Deemed Owners. | 133 |
Section 5.05. | Rule 144A Information. | 134 |
ARTICLE VI | THE DEPOSITOR AND THE MASTER SERVICER | 135 |
Section 6.01. | Liability of the Depositor and the Master Servicer. | 135 |
Section 6.02. | Merger, Consolidation or Conversion of the Depositor or the Master Servicer. | 135 |
Section 6.03. | Limitation on Liability of the Depositor, the Master Servicer and Others. | 135 |
Section 6.04. | Limitation on Resignation of the Master Servicer. | 136 |
Section 6.05. | Sale and Assignment of Master Servicing. | 136 |
ARTICLE VII | DEFAULT | 138 |
Section 7.01. | Events of Default. | 138 |
Section 7.02. | Trustee to Act; Appointment of Successor. | 140 |
Section 7.03. | Notification to Certificateholders. | 141 |
Section 7.04. | Waiver of Events of Default. | 141 |
Section 7.05. | List of Certificateholders. | 142 |
ARTICLE VIII | CONCERNING THE TRUSTEE | 143 |
Section 8.01. | Duties of Trustee. | 143 |
Section 8.02. | Certain Matters Affecting the Trustee. | 144 |
Section 8.03. | Trustee Not Liable for Certificates or Mortgage Loans. | 146 |
Section 8.04. | Trustee May Own Certificates. | 146 |
Section 8.05. | Trustee’s Fees. | 146 |
Section 8.06. | Eligibility Requirements for Trustee. | 147 |
Section 8.07. | Resignation and Removal of the Trustee. | 147 |
Section 8.08. | Successor Trustee. | 148 |
Section 8.09. | Merger or Consolidation of Trustee. | 148 |
Section 8.10. | Appointment of Co-Trustee or Separate Trustee. | 148 |
ARTICLE IX | TERMINATION | 150 |
Section 9.01. | Termination Upon Repurchase or Liquidation of All Mortgage Loans or upon Purchase of Certificates. | 150 |
Section 9.02. | Termination of REMIC 3 and Retirement of Class R Certificates. | 153 |
Section 9.03. | Additional Termination Requirements. | 154 |
ARTICLE X | REMIC PROVISIONS | 155 |
Section 10.01. | REMIC Administration. | 155 |
Section 10.02. | Prohibited Transactions and Activities. | 157 |
Section 10.03. | Master Servicer and Trustee Indemnification. | 158 |
ARTICLE XI | MISCELLANEOUS PROVISIONS | 159 |
Section 11.01. | Amendment. | 159 |
ix
Section 11.02. | Recordation of Agreement; Counterparts. | 160 |
Section 11.03. | Limitation on Rights of Certificateholders. | 161 |
Section 11.04. | Governing Law. | 161 |
Section 11.05. | Notices. | 161 |
Section 11.06. | Severability of Provisions. | 162 |
Section 11.07. | Successors and Assigns. | 162 |
Section 11.08. | Article and Section Headings. | 162 |
Section 11.09. | Notice to Rating Agencies. | 162 |
Section 11.10. | Rights of the Certificate Insurer. | 163 |
Section 11.11. | Control by the Certificate Insurer. | 163 |
Section 11.12. | Third Party Rights. | 164 |
Signatures
Acknowledgments
x
Exhibit A | Form of Class A Certificate |
Exhibit B-1 | Form of Class M Certificate |
Exhibit B-2 | Form of Class B Certificate |
Exhibit B-3 | Form of Class C Certificate |
Exhibit B-4 | Form of Class P Certificate |
Exhibit B-5 | Form of Class R Certificate |
Exhibit C | Form of Trustee Initial Certification |
Exhibit D | Form of Trustee Final Certification |
Exhibit E | Form of Remittance Report |
Exhibit F-1 | Request for Release |
Exhibit F-2 | Request for Release for Mortgage Loans Paid in Full |
Exhibit G-1 | Form of Investor Representation Letter |
Exhibit G-2 | Form of Transferor Representation Letter |
Exhibit G-3 | Form of Rule 144A Investment Representation |
Exhibit G-4 | Transferor Certificate for Transfers of Residual Certificates |
Exhibit G-5 | Transfer Affidavit and Agreement for Transfers of Residual Certificates |
Exhibit H | Mortgage Loan Schedule |
Exhibit I | Sponsor Representations and Warranties |
Exhibit J | Form for Information Under Section 3.24 |
Exhibit K | Impac Funding Corporation Servicing Guide |
Exhibit L-1 | Form 10-K Certification |
Exhibit L-2 | Form 10-K Back-up Certification (Master Servicer) |
Exhibit L-3 | Form 10-K Back-up Certification (Trustee) |
Exhibit L-4 | Form of Back-up Certification to Form 10-K Certificate |
Exhibit M | Form of Interest Rate Swap Agreement and Cap Contracts |
Exhibit N | Servicing Criteria to be Addressed in Assessment of Compliance |
Exhibit O | Form 10-D, Form 8-K and Form 10-K Reporting Responsibility |
Exhibit P | [reserved] |
Exhibit Q | Form of Countrywide Servicing Agreement |
Exhibit R | Form of Item 1115 Agreement |
Exhibit S | Form of Subsequent Transfer Instrument |
Exhibit T | Form of Addition Notice |
xi
This Pooling and Servicing Agreement, dated and effective as of April 1, 2007, is entered into among Impac Secured Assets Corp., as depositor (the “Depositor”), Impac Funding Corporation, as master servicer (the “Master Servicer”), and Deutsche Bank National Trust Company, as trustee (the “Trustee”).
PRELIMINARY STATEMENT:
The Depositor intends to sell pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund created hereunder. The Certificates will consist of sixteen classes of certificates, designated as (i) the Class A1-A Certificates, (ii) the Class A1-B Certificates, (iii) the Class A1-C Certificates, (iv) the Class AM Certificates, (v) the Class M-1 Certificates, (vi) the Class M-2 Certificates, (vii) the Class M-3 Certificates, (viii) the Class M-4 Certificates, (ix) the Class M-5 Certificates, (x) the Class M-6 Certificates, (xi) the Class M-7 Certificates, (xii) the Class M-8 Certificates, (xiii) the Class B Certificates, (xiv) the Class C Certificates, (xv) the Class P Certificates and (xvi) the Class R Certificates.
REMIC 1
As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Net WAC Shortfall Reserve Fund, any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Account, the Interest Coverage Account, the Class M Interest Reserve Fund and, for the avoidance of doubt, the Supplemental Interest Trust, the Derivative Account, the Cap Contracts, the Collateral Account and the Interest Rate Swap Agreement) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC 1.” The Class R-1 Interest will be the sole class of Residual Interests in REMIC 1 for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC 1 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC 1 Regular Interests (as defined herein). None of the REMIC 1 Regular Interests will be certificated.
Designation | Uncertificated REMIC 1 Pass-Through Rate | Initial Uncertificated Principal Balance | Latest Possible Maturity Date (1) |
1-1-A | Variable(2) | $ 1,291,504.09 | September 25, 2037 |
1-1-B | Variable(2) | $ 1,291,504.09 | September 25, 2037 |
1-2-A | Variable(2) | $ 2,392,637.16 | September 25, 2037 |
1-2-B | Variable(2) | $ 2,392,637.16 | September 25, 2037 |
1-3-A | Variable(2) | $ 3,515,987.98 | September 25, 2037 |
1-3-B | Variable(2) | $ 3,515,987.98 | September 25, 2037 |
1-4-A | Variable(2) | $ 4,652,077.16 | September 25, 2037 |
1-4-B | Variable(2) | $ 4,652,077.16 | September 25, 2037 |
1-5-A | Variable(2) | $ 5,790,398.31 | September 25, 2037 |
1-5-B | Variable(2) | $ 5,790,398.31 | September 25, 2037 |
1-6-A | Variable(2) | $ 6,916,224.67 | September 25, 2037 |
Designation | Uncertificated REMIC 1 Pass-Through Rate | Initial Uncertificated Principal Balance | Latest Possible Maturity Date (1) |
1-6-B | Variable(2) | $ 6,916,224.67 | September 25, 2037 |
1-7-A | Variable(2) | $ 8,020,326.33 | September 25, 2037 |
1-7-B | Variable(2) | $ 8,020,326.33 | September 25, 2037 |
1-8-A | Variable(2) | $ 9,083,173.44 | September 25, 2037 |
1-8-B | Variable(2) | $ 9,083,173.44 | September 25, 2037 |
1-9-A | Variable(2) | $ 10,058,672.05 | September 25, 2037 |
1-9-B | Variable(2) | $ 10,058,672.05 | September 25, 2037 |
1-10-A | Variable(2) | $ 10,765,542.83 | September 25, 2037 |
1-10-B | Variable(2) | $ 10,765,542.83 | September 25, 2037 |
1-11-A | Variable(2) | $ 11,463,933.03 | September 25, 2037 |
1-11-B | Variable(2) | $ 11,463,933.03 | September 25, 2037 |
1-12-A | Variable(2) | $ 11,644,488.25 | September 25, 2037 |
1-12-B | Variable(2) | $ 11,644,488.25 | September 25, 2037 |
1-13-A | Variable(2) | $ 11,067,336.89 | September 25, 2037 |
1-13-B | Variable(2) | $ 11,067,336.89 | September 25, 2037 |
1-14-A | Variable(2) | $ 10,518,483.57 | September 25, 2037 |
1-14-B | Variable(2) | $ 10,518,483.57 | September 25, 2037 |
1-15-A | Variable(2) | $ 9,996,426.10 | September 25, 2037 |
1-15-B | Variable(2) | $ 9,996,426.10 | September 25, 2037 |
1-16-A | Variable(2) | $ 9,499,998.27 | September 25, 2037 |
1-16-B | Variable(2) | $ 9,499,998.27 | September 25, 2037 |
1-17-A | Variable(2) | $ 9,027,876.59 | September 25, 2037 |
1-17-B | Variable(2) | $ 9,027,876.59 | September 25, 2037 |
1-18-A | Variable(2) | $ 8,578,837.10 | September 25, 2037 |
1-18-B | Variable(2) | $ 8,578,837.10 | September 25, 2037 |
1-19-A | Variable(2) | $ 8,151,847.46 | September 25, 2037 |
1-19-B | Variable(2) | $ 8,151,847.46 | September 25, 2037 |
1-20-A | Variable(2) | $ 7,798,892.21 | September 25, 2037 |
1-20-B | Variable(2) | $ 7,798,892.21 | September 25, 2037 |
1-21-A | Variable(2) | $ 7,396,029.40 | September 25, 2037 |
1-21-B | Variable(2) | $ 7,396,029.40 | September 25, 2037 |
1-22-A | Variable(2) | $ 7,016,763.42 | September 25, 2037 |
1-22-B | Variable(2) | $ 7,016,763.42 | September 25, 2037 |
1-23-A | Variable(2) | $ 6,425,008.72 | September 25, 2037 |
1-23-B | Variable(2) | $ 6,425,008.72 | September 25, 2037 |
1-24-A | Variable(2) | $ 3,611,587.50 | September 25, 2037 |
1-24-B | Variable(2) | $ 3,611,587.50 | September 25, 2037 |
1-25-A | Variable(2) | $ 3,502,440.00 | September 25, 2037 |
1-25-B | Variable(2) | $ 3,502,440.00 | September 25, 2037 |
1-26-A | Variable(2) | $ 3,396,127.50 | September 25, 2037 |
1-26-B | Variable(2) | $ 3,396,127.50 | September 25, 2037 |
1-27-A | Variable(2) | $ 3,293,460.00 | September 25, 2037 |
1-27-B | Variable(2) | $ 3,293,460.00 | September 25, 2037 |
2
Designation | Uncertificated REMIC 1 Pass-Through Rate | Initial Uncertificated Principal Balance | Latest Possible Maturity Date (1) |
1-28-A | Variable(2) | $ 3,193,627.50 | September 25, 2037 |
1-28-B | Variable(2) | $ 3,193,627.50 | September 25, 2037 |
1-29-A | Variable(2) | $ 3,096,832.50 | September 25, 2037 |
1-29-B | Variable(2) | $ 3,096,832.50 | September 25, 2037 |
1-30-A | Variable(2) | $ 3,003,075.00 | September 25, 2037 |
1-30-B | Variable(2) | $ 3,003,075.00 | September 25, 2037 |
1-31-A | Variable(2) | $ 2,911,950.00 | September 25, 2037 |
1-31-B | Variable(2) | $ 2,911,950.00 | September 25, 2037 |
1-32-A | Variable(2) | $ 2,823,862.50 | September 25, 2037 |
1-32-B | Variable(2) | $ 2,823,862.50 | September 25, 2037 |
1-33-A | Variable(2) | $ 2,738,205.00 | September 25, 2037 |
1-33-B | Variable(2) | $ 2,738,205.00 | September 25, 2037 |
1-34-A | Variable(2) | $ 2,654,977.50 | September 25, 2037 |
1-34-B | Variable(2) | $ 2,654,977.50 | September 25, 2037 |
1-35-A | Variable(2) | $ 2,574,585.00 | September 25, 2037 |
1-35-B | Variable(2) | $ 2,574,585.00 | September 25, 2037 |
1-36-A | Variable(2) | $ 20,079,787.50 | September 25, 2037 |
1-36-B | Variable(2) | $ 20,079,787.50 | September 25, 2037 |
1-37-A | Variable(2) | $ 1,882,755.00 | September 25, 2037 |
1-37-B | Variable(2) | $ 1,882,755.00 | September 25, 2037 |
1-38-A | Variable(2) | $ 1,825,582.50 | September 25, 2037 |
1-38-B | Variable(2) | $ 1,825,582.50 | September 25, 2037 |
1-39-A | Variable(2) | $ 1,770,300.00 | September 25, 2037 |
1-39-B | Variable(2) | $ �� 1,770,300.00 | September 25, 2037 |
1-40-A | Variable(2) | $ 1,716,435.00 | September 25, 2037 |
1-40-B | Variable(2) | $ 1,716,435.00 | September 25, 2037 |
1-41-A | Variable(2) | $ 1,664,460.00 | September 25, 2037 |
1-41-B | Variable(2) | $ 1,664,460.00 | September 25, 2037 |
1-42-A | Variable(2) | $ 1,613,745.00 | September 25, 2037 |
1-42-B | Variable(2) | $ 1,613,745.00 | September 25, 2037 |
1-43-A | Variable(2) | $ 1,564,762.50 | September 25, 2037 |
1-43-B | Variable(2) | $ 1,564,762.50 | September 25, 2037 |
1-44-A | Variable(2) | $ 1,517,355.00 | September 25, 2037 |
1-44-B | Variable(2) | $ 1,517,355.00 | September 25, 2037 |
1-45-A | Variable(2) | $ 1,471,050.00 | September 25, 2037 |
1-45-B | Variable(2) | $ 1,471,050.00 | September 25, 2037 |
1-46-A | Variable(2) | $ 1,426,477.50 | September 25, 2037 |
1-46-B | Variable(2) | $ 1,426,477.50 | September 25, 2037 |
1-47-A | Variable(2) | $ 1,383,007.50 | September 25, 2037 |
1-47-B | Variable(2) | $ 1,383,007.50 | September 25, 2037 |
1-48-A | Variable(2) | $ 1,341,112.50 | September 25, 2037 |
1-48-B | Variable(2) | $ 1,341,112.50 | September 25, 2037 |
1-49-A | Variable(2) | $ 1,300,162.50 | September 25, 2037 |
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Designation | Uncertificated REMIC 1 Pass-Through Rate | Initial Uncertificated Principal Balance | Latest Possible Maturity Date (1) | |
1-49-B | Variable(2) | $ 1,300,162.50 | September 25, 2037 | |
1-50-A | Variable(2) | $ 1,260,630.00 | September 25, 2037 | |
1-50-B | Variable(2) | $ 1,260,630.00 | September 25, 2037 | |
1-51-A | Variable(2) | $ 1,222,357.50 | September 25, 2037 | |
1-51-B | Variable(2) | $ 1,222,357.50 | September 25, 2037 | |
1-52-A | Variable(2) | $ 1,185,030.00 | September 25, 2037 | |
1-52-B | Variable(2) | $ 1,185,030.00 | September 25, 2037 | |
1-53-A | Variable(2) | $ 1,148,962.50 | September 25, 2037 | |
1-53-B | Variable(2) | $ 1,148,962.50 | September 25, 2037 | |
1-54-A | Variable(2) | $ 1,113,997.50 | September 25, 2037 | |
1-54-B | Variable(2) | $ 1,113,997.50 | September 25, 2037 | |
1-55-A | Variable(2) | $ 1,080,135.00 | September 25, 2037 | |
1-55-B | Variable(2) | $ 1,080,135.00 | September 25, 2037 | |
1-56-A | Variable(2) | $ 1,047,217.50 | September 25, 2037 | |
1-56-B | Variable(2) | $ 1,047,217.50 | September 25, 2037 | |
1-57-A | Variable(2) | $ 1,015,245.00 | September 25, 2037 | |
1-57-B | Variable(2) | $ 1,015,245.00 | September 25, 2037 | |
1-58-A | Variable(2) | $ 984,375.00 | September 25, 2037 | |
1-58-B | Variable(2) | $ 984,375.00 | September 25, 2037 | |
1-59-A | Variable(2) | $ 954,292.50 | September 25, 2037 | |
1-59-B | Variable(2) | $ 954,292.50 | September 25, 2037 | |
1-60-A | Variable(2) | $ 30,051,630.00 | September 25, 2037 | |
1-60-B | Variable(2) | $ 30,051,630.00 | September 25, 2037 | |
P | Variable(2) | $ 100.00 | September 25, 2037 | |
OC | Variable(2) | $ 196,613,419.09 | September 25, 2037 |
________________________
(1) | For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the maturity date for the Mortgage Loan with the latest possible maturity date has been designated as the “latest possible maturity date” for each REMIC 1 Regular Interest. |
(2) | Calculated in accordance with the definition of “Uncertificated REMIC 1 Pass-Through Rate” in this Agreement. |
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REMIC 2
As provided in this Agreement, the Trustee will make an election to treat the segregated pool of assets consisting of the REMIC 1 Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC 2”. The Class R-2 Interest will represent the sole class of Residual Interests in REMIC 2 for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Uncertificated REMIC 2 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC 2 Regular Interests (as defined herein). None of the REMIC 2 Regular Interests will be certificated.
Designation | Uncertificated REMIC 2 Pass-Through Rate | Initial Uncertificated Principal Balance | Latest Possible Maturity Date(1) |
AA | Variable(2) | $ 779,689,508.31 | September 25, 2037 |
A1-A | Variable(2) | $ 2,172,880.00 | September 25, 2037 |
A1-B | Variable(2) | $ 2,611,410.00 | September 25, 2037 |
A1-C | Variable(2) | $ 1,150,900.00 | September 25, 2037 |
AM | Variable(2) | $ 1,483,800.00 | September 25, 2037 |
M-1 | Variable(2) | $ 99,450.00 | September 25, 2037 |
M-2 | Variable(2) | $ 91,490.00 | September 25, 2037 |
M-3 | Variable(2) | $ 51,710.00 | September 25, 2037 |
M-4 | Variable(2) | $ 43,760.00 | September 25, 2037 |
M-5 | Variable(2) | $ 39,780.00 | September 25, 2037 |
M-6 | Variable(2) | $ 35,800.00 | September 25, 2037 |
M-7 | Variable(2) | $ 31,820.00 | September 25, 2037 |
M-8 | Variable(2) | $ 27,850.00 | September 25, 2037 |
B | Variable(2) | $ 39,780.00 | September 25, 2037 |
ZZ | Variable(2) | $ 8,031,600.78 | September 25, 2037 |
IO | Variable(2) | (3) | September 25, 2037 |
P | Variable(2) | $ 100.00 | September 25, 2037 |
________________________
(1) | For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the maturity date for the Mortgage Loan with the latest possible maturity date has been designated as the “latest possible maturity date” for each REMIC 2 Regular Interest. |
(2) | Calculated in accordance with the definition of “Uncertificated REMIC 2 Pass-Through Rate” in this Agreement. |
(3) | REMIC 2 Regular Interest IO will not have an Uncertificated Principal Balance but will accrue interest on its uncertificated notional amount calculated in accordance with the related definition of “Uncertificated Notional Amount” herein. |
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REMIC 3
As provided in this Agreement, the Trustee will make an election to treat the segregated pool of assets consisting of the REMIC 2 Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC 3”. The Class R-3 Interest will represent the sole class of Residual Interests in REMIC 3 for purposes of the REMIC Provisions.
The following table irrevocably sets forth the designation, the Pass-Through Rate, the Initial Certificate Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each class of Certificates and interests that represents ownership of one or more of the Regular Interests in REMIC 3 created hereunder.
Each Certificate, other than the Class C Certificates and the Class R Certificates, represents ownership of a Regular Interest in REMIC 3 and also represents (i) the right to receive certain amounts specified herein in respect of Net WAC Shortfall Amounts (as defined herein) and (ii) the obligation to pay Class IO Distribution Amounts (as defined herein). The entitlement to principal of the Regular Interest which corresponds to each such Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate. The Class C Certificates represent ownership of a Regular Interest in REMIC 3 and also represent (i) the obligation to pay certain amounts specified herein in respect of Net WAC Shortfall Amounts and (ii) the right to receive Class IO Distribution Amounts.
Designation | Initial Certificate Principal Balance | Pass-Through Rate | Latest Possible Maturity Date(1) |
A1-A(2) | $ 217,288,000 | Variable(3) | September 25, 2037 |
A1-B(2) | $ 261,141,000 | Variable(3) | September 25, 2037 |
A1-C(2) | $ 115,090,000 | Variable(3) | September 25, 2037 |
AM(2) | $ 148,380,000 | Variable(3) | September 25, 2037 |
M-1(2) | $ 9,945,000 | Variable(3) | September 25, 2037 |
M-2(2) | $ 9,149,000 | Variable(3) | September 25, 2037 |
M-3(2) | $ 5,171,000 | Variable(3) | September 25, 2037 |
M-4(2) | $ 4,376,000 | Variable(3) | September 25, 2037 |
M-5(2) | $ 3,978,000 | Variable(3) | September 25, 2037 |
M-6(2) | $ 3,580,000 | Variable(3) | September 25, 2037 |
M-7(2) | $ 3,182,000 | Variable(3) | September 25, 2037 |
M-8(2) | $ 2,785,000 | Variable(3) | September 25, 2037 |
B(2) | $ 3,978,000 | Variable(3) | September 25, 2037 |
C | $ 7,558,539.09(4) | Variable(3) | September 25, 2037 |
P | $ 100.00 | 0.00% | September 25, 2037 |
Class IO Interest | (5) | (6) | September 25, 2037 |
________________________
(1) | For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the maturity date for the Mortgage Loan with the latest possible maturity date has been designated as the “latest possible maturity date” for each Regular Interest in REMIC 3 the ownership of which is represented by the Class A, Class B, Class M, Class C and Class P Certificates and the Class IO Interest. |
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(2) | This Class of Certificates represents ownership of a Regular Interest in REMIC 3. Any amount distributed on this Class of Certificates on any Distribution Date in excess of the amount distributable on the related Regular Interest in REMIC 3 on such Distribution Date shall be treated for federal income tax purposes as having been paid from the Net WAC Shortfall Reserve Fund or the Supplemental Interest Trust, as applicable, and any amount distributable on the related Regular Interest in REMIC 3 on such Distribution Date in excess of the amount distributable on such Class of Certificates on such Distribution Date shall be treated for such purposes as having been distributed to the Holders of such Certificates and then paid by such Holders to the Supplemental Interest Trust, all pursuant to and as further provided in Section 4.09 hereof. |
(3) | Calculated in accordance with the definition of “Pass-Through Rate” in this Agreement. Each Regular Interest in REMIC 3 which corresponds to a Class A, Class M or Class B Certificate will have the same Pass-Through Rate as such Certificate, except with respect to the related Net WAC Rate. The Net WAC Rate for each such Regular Interest in REMIC 3 and Certificate is specified in the related definition of “Net WAC Rate .” |
(4) | The Class C Certificates will not accrue interest on its Certificate Principal Balance, but will accrue interest at its variable Pass-Through Rates on its Notional Balance outstanding from time to time, which shall equal the aggregate Uncertificated Principal Balance of the REMIC 2 Regular Interests (other than REMIC 2 Regular Interest P). |
(5) | The Class IO Interest will not have a principal balance, but will have a notional amount equal to the Uncertificated Notional Amount of REMIC 2 Regular Interest IO. |
(6) | The Class IO Interest will not have a Pass-Through Rate, but will be entitled to 100% of the amounts distributed on REMIC 2 Regular Interest IO. |
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ARTICLE I
DEFINITIONS
Section 1.01. Defined Terms.
Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the meanings specified in this Article. Unless otherwise specified, all calculations in respect of interest on the Class A, Class M and Class B Certificates shall accrue on the basis of a 360-day year and the actual number of days in the related Accrual Period. All calculations of interest on the Class C Certificates will be made on the basis of a 360-day year consisting of twelve 30-day months. The Class P and Class R Certificates do not accrue interest.
“Accrual Period”: With respect to each Class of Certificates (other than the Class C, Class P and Class R Certificates) and (i) with respect to the Distribution Date in May 2007, the period commencing on the Closing Date and ending on the day preceding the Distribution Date in May 2007, and (ii) with respect to any Distribution Date after the Distribution Date in May 2007, the period commencing on the Distribution Date in the month immediately preceding the month in which such Distribution Date occurs and ending on the day preceding such Distribution Date. With respect to the Class C Certificates and any Distribution Date, the calendar month immediately preceding such Distribution Date.
“Addition Notice”: With respect to the transfer of Subsequent Mortgage Loans to the Trust Fund pursuant to Section 2.07, a notice of the Depositor’s designation of the Subsequent Mortgage Loans to be sold to the Trust Fund and the Aggregate Stated Principal Balance of such Subsequent Mortgage Loans as of the related Subsequent Cut-off Date. The Addition Notice shall be given not later than three Business Days prior to the related Subsequent Transfer Date and shall be substantially in the form of Exhibit T.
“Adjustment Date”: As to each adjustable-rate Mortgage Loan, each date set forth in the related Mortgage Note on which an adjustment to the interest rate on such Mortgage Loan becomes effective.
“AdvanceAdvance”: As to any Mortgage Loan, any advance made by the Sub-Servicer or Master Servicer on any Distribution Date pursuant to Section 4.03.
“Affected Party”: As defined in the Interest Rate Swap Agreement.
“AffiliateAffiliate”: With respect to any Person, any other Person controlling, controlled by or under common control with such Person. For purposes of this definition, “control” means the power to direct the management and policies of a Person, directly or indirectly, whether through ownership of voting securities, by contract or otherwise and “controlling” and “controlled” shall have meanings correlative to the foregoing.
“Aggregate Stated Principal Balance” Aggregate Stated Principal Balance: As of any date of determination, the aggregate Stated Principal Balance of the Mortgage Loans.
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“Agreement”: This Pooling and Servicing Agreement and all amendments hereof.
“Allocated Realized Loss Amount”: With respect to any Class of Class A, Class M and Class B Certificates and any Distribution Date, an amount equal to the sum of any Realized Loss allocated to that Class of Certificates on that Distribution Date and any Allocated Realized Loss Amount for that Class remaining unpaid from any previous Distribution Date (other than, with respect to the Class AM Certificates, a Realized Loss that was covered by the Certificate Guaranty Insurance Policy), minus any Subsequent Recoveries applied to such Allocated Realized Loss Amount.
“Assessment of Compliance”: As defined in Section 3.20.
“AssignmentAssignment”: An assignment of Mortgage, notice of transfer or equivalent instrument, in recordable form, which is sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect of record the sale of the Mortgage.
“Attestation Report”: As defined in Section 3.20.
“Available Distribution Amount”: With respect to any Distribution Date, an amount equal to the amount received by the Trustee and available in the Certificate Account on that Distribution Date. The Available Distribution Amount will be equal to (i) the sum of (1) the aggregate amount of scheduled payments on the Mortgage Loans received or advanced that were due during the related Due Period, (2) any unscheduled payments and receipts, including mortgagor prepayments on such Mortgage Loans, Insurance Proceeds, Liquidation Proceeds and Subsequent Recoveries, received during the related Prepayment Period and (3) any amounts transferred from the Pre-Funding Account pursuant to Section 4.14 after giving effect to any purchase of Subsequent Mortgage Loans and any amounts deposited into the Certificate Account from the Interest Coverage Account pursuant to Section 4.15 of this Agreement, in each case net of amounts reimbursable therefrom to the Trustee, the Master Servicer, the Supplemental Interest Trust Trustee and any Sub-Servicer, minus Master Servicing Fees, Subservicing Fees, Trustee Fees and any amounts needed to reimburse the Master Servicer for amounts due under this Agreement to the extent such amounts have not been retained by, or paid previously to the Master Servicer, and any amounts in respect of the premiums payable to the PMI Insurer under the PMI Insurer Policy.
“Balloon Loan”: Each of the Mortgage Loans identified in the Mortgage Loan Schedule as having an original term to maturity that is shorter than the related amortization term.
“Balloon Payment”: With respect to any Balloon Loan, the related Monthly Payment payable on the stated maturity date of such Balloon Loan.
“Bankruptcy Code”: The Bankruptcy Code of 1978, as amended.
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“Basic Principal Distribution Amount”: With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Overcollateralization Release Amount, if any, for such Distribution Date.
“Book-Entry Certificate”: Each class of the Class A, Class M and Class B Certificates for so long as they are issued, maintained and transferred at the Depository.
“Business Day”: Any day other than a Saturday, a Sunday or a day on which banking institutions in California or New York (and such other state or states in which the Custodial Account or the Certificate Account are at the time located) or in the city in which the Corporate Trust Office of the Trustee is located are authorized or obligated by law or executive order to close.
“Cap Contract I”: The letter of agreement dated April 30, 2007, between Lehman Brothers Special Financing Inc. and Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee, a form of which is attached hereto as Exhibit M.
“Cap Contract II”: The letter of agreement dated April 30, 2007, between Bear Stearns Financial Products Inc. and Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee, a form of which is attached hereto as Exhibit M.
“Cap Contracts”: Cap Contract I and Cap Contract II.
“Cap Contract I Counterparty”: The cap provider under each of the Cap Contracts required to make payments to the Supplemental Interest Trust for payment to the Trust Fund pursuant to the terms of the Cap Contracts, and any successor in interest or assign. Initially, the Cap Counterparty for Cap Contract I shall be Lehman Brothers Special Financing Inc. and the Cap Counterparty for Cap Contract II shall be Bear Stearns Financial Products Inc.
“Cash Liquidation”: As to any defaulted Mortgage Loan other than a Mortgage Loan as to which an REO Acquisition occurred, a determination by the Master Servicer that it has received all Insurance Proceeds, Liquidation Proceeds and other payments or cash recoveries which the Master Servicer reasonably and in good faith expects to be finally recoverable with respect to such Mortgage Loan.
“Certificate”: Any Regular Certificate or Class R Certificate.
“Certificate Account”: The trust account or accounts created and maintained pursuant to Section 4.01, which shall be entitled Deutsche Bank National Trust Company, in trust for registered holders of Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3, and which account or accounts must each be an Eligible Account.
“Certificate Account Deposit Date”: With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date.
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“Certificate Guaranty Insurance Policy”: The certificate guaranty insurance policy issued by the Certificate Insurer for the benefit of the Class AM Certificateholders.
“Certificate Insurer”: Ambac Assurance Corporation, a Wisconsin domiciled stock insurance corporation, or any successor thereto as provided in the Agreement.
“Certificate Margin”: The Certificate Margin for the Class A, Class M and Class B Certificates shall be:
Certificate Margin | |||||
Class | (1) | (2) | |||
A1-A | 0.110% | 0.220% | |||
A1-B | 0.240% | 0.480% | |||
A1-C | 0.360% | 0.720% | |||
AM | 0.220% | 0.440% | |||
M-1 | 0.400% | 0.600% | |||
M-2 | 0.480% | 0.720% | |||
M-3 | 0.650% | 0.975% | |||
M-4 | 1.650% | 2.475% | |||
M-5 | 1.800% | 2.700% | |||
M-6 | 2.000% | 3.000% | |||
M-7 | 2.000% | 3.000% | |||
M-8 | 1.100% | 1.650% | |||
B | 1.100% | 1.650% |
____________
(1) Prior to the Step-Up Date.
(2) On and after the Step-Up Date.
“Certificate Owner”: With respect to a Book-Entry Certificate, the Person who is the beneficial owner of such Certificate, as reflected on the books of an indirect participating brokerage firm for which a Depository Participant acts as agent, if any, and otherwise on the books of a Depository Participant, if any, and otherwise on the books of the Depository.
“Certificate Principal Balance”: With respect to any Certificate (other than the Class C Certificates and Class R Certificates) as of any date of determination, the Initial Certificate Principal Balance thereof, increased by any Subsequent Recoveries allocated thereto, and reduced by the aggregate of (a) all amounts allocable to principal previously distributed with respect to such Certificate and (b) any reductions in the Certificate Principal Balance thereof deemed to have occurred in connection with allocations of Realized Losses in the manner described herein. With respect to the Class C Certificates as of any date of determination, an amount equal to the excess, if any, of (a) the then aggregate Uncertificated Principal Balance of the REMIC 2 Regular Interests over (b) the then aggregate Certificate Principal Balance of the Class A, Class M, Class B and Class P Certificates then outstanding.
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“Certificate Register”: The register maintained pursuant to Section 5.02.
“Certificateholder” or “Holder”: The Person in whose name a Certificate is registered in the Certificate Register, except that only a Permitted Transferee shall be a holder of a Residual Certificate for any purposes hereof and, solely for the purposes of giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor or the Master Servicer or any affiliate thereof shall be deemed not to be outstanding and the Voting Rights to which such Certificate is entitled shall not be taken into account in determining whether the requisite percentage of Voting Rights necessary to effect any such consent has been obtained, except as otherwise provided in Section 11.01. The Trustee shall be entitled to rely upon a certification of the Depositor or the Master Servicer in determining if any Certificates are registered in the name of the respective affiliate. All references in this Agreement to “Holders” or “Certificateholders” shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified in this Agreement; provided, however, that the Trustee shall be required to recognize as a “Holder” or “Certificateholder” only the Person in whose name a Certificate is registered in the Certificate Register.
“Class”: Collectively, all of the Certificates bearing the same designation.
“Class A Certificates”: The Class A1-A, Class A1-B, Class A1-C and Class AM Certificates.
“Class A1-A Certificate”: Any one of the Class A1-A Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit A, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts and (iii) the obligation to pay Class IO Distribution Amounts.
“Class A1-B Certificate”: Any one of the Class A1-B Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit A, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts and (iii) the obligation to pay Class IO Distribution Amounts.
“Class A1-C Certificate”: Any one of the Class A1-C Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit A, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts and (iii) the obligation to pay Class IO Distribution Amounts.
“Class AM Certificate”: Any one of the Class AM Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit A, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts and (iii) the obligation to pay Class IO Distribution Amounts.
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“Class A Principal Distribution Amount”: For any Distribution Date, the excess of (1) the aggregate Certificate Principal Balance of the Class A Certificates immediately prior to such Distribution Date, over (2) the lesser of (x) 86.50% of the Aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date after giving effect to distributions made on that Distribution Date and (y) the Aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date after giving effect to distributions to be made on that Distribution Date minus the Overcollateralization Floor.
“Class B Certificate”: Any one of the Class B Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-2, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts and (iii) the obligation to pay Class IO Distribution Amounts.
“Class C Certificates”: Any one of the Class C Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-3, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the obligation to pay Net WAC Shortfall Amounts and (iii) the right to receive Class IO Distribution Amounts.
“Class C Distribution Amount”: With respect to any Distribution Date, the sum of (i) the Monthly Interest Distributable Amount for the Class C Certificates for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however that on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralized Amount.
“Class IO Interest”: An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Supplemental Interest Trust, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.
“Class IO Distribution Amount”: As defined in Section 4.09 hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust with respect to the Interest Rate Swap Agreement pursuant to the sixth paragraph of Section 4.01(a) (except for the last sentence thereof) on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 4.09 hereof.
“Class M Certificates”: The Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates.
“Class M Interest Reserve Fund”: A reserve fund to cover Net WAC Shortfall Amounts on the Class M-4, Class M-5, Class M-6 and Class M-7 Certificates as described in Section 4.13.
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“Class M Interest Reserve Fund Amount”: The Class M-4 Interest Reserve Fund Amount, Class M-5 Interest Reserve Fund Amount, Class M-6 Interest Reserve Fund Amount and Class M-7 Interest Reserve Fund Amount, as applicable.
“Class M-1 Certificate”: Any one of the Class M-1 Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-1, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts and (iii) the obligation to pay Class IO Distribution Amounts.
“Class M-2 Certificate”: Any one of the Class M-2 Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-1, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts and (iii) the obligation to pay Class IO Distribution Amounts.
“Class M-3 Certificate”: Any one of the Class M-3 Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-1, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts and (iii) the obligation to pay Class IO Distribution Amounts.
“Class M-4 Certificate”: Any one of the Class M-4 Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-1, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts and (iii) the obligation to pay Class IO Distribution Amounts.
“Class M-4 Interest Reserve Fund Amount”: The amount deposited in the Class M Interest Reserve Fund on the Closing Date by the Depositor to cover Net WAC Shortfall Amounts on the Class M-4 Certificates, reduced by any distributions to the Class M-4 Certificates pursuant to Section 4.13 on previous Distribution Dates. Initially, $80,900.
“Class M-5 Certificate”: Any one of the Class M-5 Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-1, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts and (iii) the obligation to pay Class IO Distribution Amounts.
“Class M-5 Interest Reserve Fund Amount”: The amount deposited in the Class M Interest Reserve Fund on the Closing Date by the Depositor to cover Net WAC Shortfall Amounts on the Class M-5 Certificates, reduced by any distributions to the Class M-5 Certificates pursuant to Section 4.13 on previous Distribution Dates. Initially, $97,700.
“Class M-6 Certificate”: Any one of the Class M-6 Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-1, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts and (iii) the obligation to pay Class IO Distribution Amounts.
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“Class M-6 Interest Reserve Fund Amount”: The amount deposited in the Class M Interest Reserve Fund on the Closing Date by the Depositor to cover Net WAC Shortfall Amounts on the Class M-6 Certificates, reduced by any distributions to the Class M-6 Certificates pursuant to Section 4.13 on previous Distribution Dates. Initially, $118,000.
“Class M-7 Certificate”: Any one of the Class M-7 Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-1, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts and (iii) the obligation to pay Class IO Distribution Amounts.
“Class M-7 Interest Reserve Fund Amount”: The amount deposited in the Class M Interest Reserve Fund on the Closing Date by the Depositor to cover Net WAC Shortfall Amounts on the Class M-7 Certificates, reduced by any distributions to the Class M-7 Certificates pursuant to Section 4.13 on previous Distribution Dates. Initially, $104,900.
“Class M-8 Certificate”: Any one of the Class M-8 Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-1, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts and (iii) the obligation to pay Class IO Distribution Amounts.
“Class P Certificate”: Any one of the Class P Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-4, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing (i) a Regular Interest in REMIC 3 and (ii) the right to receive any Master Servicer Prepayment Charge Payment Amounts.
“Class R Certificate”: Any one of the Class R Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-5, evidencing the ownership of the Class R-1 Interest, Class R-2 Interest and Class R-3 Interest.
“Class R-1 Interest”: The uncertificated Residual Interest in REMIC 1.
“Class R-2 Interest”: The uncertificated Residual Interest in REMIC 2.
“Class R-3 Interest”: The uncertificated Residual Interest in REMIC 3.
“Closing Date”: April 30, 2007.
“Code”: The Internal Revenue Code of 1986.
“Collateral Account”: Shall mean the segregated trust account created and maintained by the Custodian pursuant to Section 4.11 hereof.
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“Collateral Value”: The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Sponsor) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Sponsor) obtained at the time of refinancing.
“Commission”: The Securities and Exchange Commission.
“Compensating Interest”: With respect to any Distribution Date, any payments made by the Sub-Servicer or the Master Servicer from its own funds to cover Prepayment Interest Shortfalls, which shall be equal to the lesser of the sum of the Master Servicing and Subservicing Fees for the related Distribution Date, and the Prepayment Interest Shortfall for such Distribution Date.
“Corporate Trust Office”: The principal corporate trust office of the Trustee at which at any particular time its corporate trust business related to this Agreement shall be administered, which office at the date of the execution of this Agreement is located at 1761 East St. Andrew Place, Santa Ana, California 92705, Attention: Corporate Trust, Impac Secured Assets Corp. Series 2007-3 (IM07S3).
“Corresponding Certificate”: With respect to each REMIC 2 Regular Interest (other than REMIC 2 Regular Interests AA, IO and ZZ), the Certificate with the corresponding designation. With respect to each REMIC 3 Regular Interest (other than the Class IO Interest), the related Certificate representing an ownership therein.
“Countrywide”: Countrywide Home Loans Servicing LP, or its successor in interest.
“Credit Enhancement Percentage”: For any Distribution Date after the Stepdown Date, the percentage equivalent of a fraction, the numerator of which is equal to (a) the excess of (i) the Aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over (ii) (1) before the aggregate Certificate Principal Balance of the Class A Certificates have been reduced to zero, the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account distribution of the Principal Distribution Amount for such Distribution Date), or (2) after such time, the Certificate Principal Balance of the most senior class of Subordinate Certificates outstanding (after taking into account distribution of the Principal Distribution Amount for such Distribution Date) and the denominator of which is equal to (b) the Aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period).
“Credit Support Annex One”: The credit support annex, dated as of April 30, 2007, between the Supplemental Interest Trust Trustee and Lehman Brothers Special Financing Inc.
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“Credit Support Annex Two”: The credit support annex, dated as of April 30, 2007, between the Supplemental Interest Trust Trustee and Bear Stearns Financial Products Inc.
“Current Report”: The Current Report pursuant to Section 13 or 15(d) of the Exchange Act.
“Curtailment”: Any Principal Prepayment made by a Mortgagor which is not a Principal Prepayment in Full.
“Custodial Account”: The custodial account or accounts created and maintained pursuant to Section 3.10 in the name of a depository institution, as custodian for the Holders of the Certificates. Any such account or accounts shall be an Eligible Account.
“Custodian”: As defined in Section 4.11.
“Cut-off Date”: With respect to the Initial Mortgage Loans, April 1, 2007. With respect to the Subsequent Mortgage Loans, the applicable Subsequent Cut-off Date. References herein to the “Cut-off Date,” when used with respect to more than one Mortgage Loan, shall be to the respective Cut-off Dates for such Mortgage Loans.
“Cut-off Date Balance”: The sum of (a) the Aggregate Stated Principal Balance of the Initial Mortgage Loans as of the Cut-off Date and (b) the Original Pre-Funded Amount.
“Defaulted Mortgage Loan”: means any Mortgage Loan as to which the Mortgagor has failed to make unexcused three or more consecutive scheduled Monthly Payments.
“Defaulting Party”: As defined in the Interest Rate Swap Agreement.
“Deficiency Amount” : As applied to the Class AM Certificates, (A) with respect to each Distribution Date prior to the Final Scheduled Distribution Date, an amount equal to the sum of (i) the excess, if any, of (a) the aggregate amount of the Monthly Interest Distributable Amount on the Class AM Certificates for that Distribution Date over (b) the funds available to make payment thereof pursuant to Article IV of this Agreement for that Distribution Date and (ii) the amount of any Realized Losses allocated to the Class AM Certificates for such Distribution Date; and (B) with respect to the Final Scheduled Distribution Date and the Class AM Certificates, an amount equal to the sum of (i) the excess, if any, of (a) the amount of the Monthly Interest Distributable Amount on the Class AM Certificates for the Final Scheduled Distribution Date over (b) the funds available to make payment thereof pursuant to Article IV of this Agreement for the Final Scheduled Distribution Date and (ii) the outstanding Certificate Principal Balance of the Class AM Certificates due on the Final Scheduled Distribution Date to the extent not paid from the related Available Distribution Amount on the Final Scheduled Distribution Date. Any Deficiency Amount shall not include any Prepayment Interest Shortfalls, any Relief Act Shortfalls or any Net WAC Shortfall Amounts.
“Deficient Valuation”: With respect to any Mortgage Loan, a valuation by a court of competent jurisdiction of the Mortgaged Property in an amount less than the then outstanding indebtedness under the Mortgage Loan, or any reduction in the amount of principal to be paid in connection with any scheduled Monthly Payment that constitutes a permanent forgiveness of principal, which valuation or reduction results from a proceeding under the Bankruptcy Code.
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“Definitive Certificate”: Any definitive, fully registered Certificate.
“Deleted Mortgage Loan”: A Mortgage Loan replaced or to be replaced with a Qualified Substitute Mortgage Loan.
“Delinquent”: The delinquency method used for calculations with respect to the mortgage loans will be in accordance with the methodology used by lenders regulated by the Office of Thrift Supervision. Under this method, a mortgage loan is considered “30 days or more Delinquent” if, as of the date of determination, the borrower fails to make the scheduled payment for the second immediately preceding Due Date of the mortgage loan prior to the close of business on such due date. A mortgage loan would be considered “60 days or more delinquent” with respect to such scheduled payment if, as of the date of determination, the borrower fails to make the scheduled payment for the third immediately preceding Due Date of the mortgage loan prior to the close of business on such due date. Similarly for “90 days or more delinquent” and so on. Unless otherwise specified, with respect to any date of determination, determinations of delinquency are made as of the last day of the calendar month immediately preceding the related Distribution Date. Mortgage Loans with Due Dates which are not the first of the month are treated as if the Due Date were the first of the following month.
“Depositor” Impac Secured Assets Corp., or its successor in interest.
“Depository”: The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a “clearing corporation” as defined in Section 8-102(5) of the Uniform Commercial Code of the State of New York and a “clearing agency” registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.
“Depository Participant”: A broker, dealer, bank or other financial institutions or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.
“Derivative Account”: As defined in Section 4.09(i).
“Derivative Contract”: Any of the Cap Contracts or Interest Rate Swap Agreement, as applicable.
“Derivative Termination Payment”: Any termination payment due under a Derivative Contract upon the early termination of such Derivative Contract.
“Determination Date”: With respect to any Distribution Date, the 15th day of the month in which such Distribution Date occurs or, if such day is not a Business Day, on the immediately preceding Business Day.
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“Disqualified Organization”: Any organization defined as a “disqualified organization” under Section 860E(e)(5) of the Code, which includes any of the following: (i) the United States, any State or political subdivision thereof, any possession of the United States, or any agency or instrumentality of any of the foregoing (other than an instrumentality which is a corporation if all of its activities are subject to tax and, except for the Freddie Mac, a majority of its board of directors is not selected by such governmental unit), (ii) a foreign government, any international organization, or any agency or instrumentality of any of the foregoing, (iii) any organization (other than certain farmers' cooperatives described in Section 521 of the Code) which is exempt from the tax imposed by Chapter 1 of the Code (including the tax imposed by Section 511 of the Code on unrelated business taxable income), (iv) rural electric and telephone cooperatives described in Section 1381(a)(2)(C) of the Code and (v) any other Person so designated by the Trustee based upon an Opinion of Counsel that the holding of an Ownership Interest in a Class R Certificate by such Person may cause REMIC 1, REMIC 2 or REMIC 3 or any Person having an Ownership Interest in any Class of Certificates (other than such Person) to incur a liability for any federal tax imposed under the Code that would not otherwise be imposed but for the Transfer of an Ownership Interest in a Class R Certificate to such Person. The terms “United States”, “State” and “international organization” shall have the meanings set forth in Section 7701 of the Code or successor provisions.
“Distribution Date”: The 25th day of any month, or if such 25th day is not a Business Day, the Business Day immediately following such 25th day, commencing in May 2007.
“Distribution Report”: The Asset-Backed Issuer Distribution Report pursuant to Section 13 or 15(d) of the Exchange Act.
“Due Date”: With respect to each Mortgage Loan, the first day of the month of the related Distribution Date.
“Due Period”: With respect to any Distribution Date, the period commencing on the second day of the month preceding the month in which such Distribution Date occurs (or, with respect to the first Due Period, the day following the Cut-off Date) and ending on the first day of the month in which such Distribution Date occurs.
“Eligible Account”: Any of (i) a segregated account maintained with a federal or state chartered depository institution (A) the short-term obligations of which are rated A-1+ or better by Standard & Poor's and P-1 by Moody's at the time of any deposit therein or if such account is maintained with PNC Bank, National Association, rated no less than A-1 by Standard & Poor’s and no less than P-1 by Moody’s or (B) insured by the FDIC (to the limits established by such Corporation), the uninsured deposits in which account are otherwise secured such that, as evidenced by an Opinion of Counsel (obtained by the Person requesting that the account be held pursuant to this clause (ii)) delivered to the Trustee prior to the establishment of such account, the Certificateholders will have a claim with respect to the funds in such account and a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments, each of which shall mature not later than the Business Day immediately preceding the Distribution Date next following the date of investment in such collateral or the Distribution Date if such Permitted Investment is an obligation of the institution that maintains the Certificate Account, Insurance Account or Custodial Account) securing such funds that is superior to claims of any other depositors or general creditors of the depository institution with which such account is maintained, (ii) a segregated trust account or accounts maintained with a federal or state chartered depository institution or trust company subject to regulations regarding fiduciary funds on deposit similar to Title 12 of the Code of Federal Regulations Section 9.10(b), which, in either case, has corporate trust powers, acting in its fiduciary capacity or (iii) a segregated account or accounts of a depository institution acceptable to the Rating Agencies (as evidenced in writing by the Rating Agencies that use of any such account as the Custodial Account or the Certificate Account will not have an adverse effect on the then-current ratings assigned to the Classes of the Certificates then rated by the Rating Agencies). Eligible Accounts may bear interest.
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“Estimated Swap Termination Payment”: As defined in the Interest Rate Swap Agreement.
“Event of Default”: One or more of the events described in Section 7.01.
“Excess Proceeds”: As defined in Section 3.22.
“Exchange Act”: The Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.
“Extra Principal Distribution Amount”: With respect to any Distribution Date, the lesser of (x) the Overcollateralization Deficiency Amount for such Distribution Date and (y) the sum of (1) the Net Monthly Excess Cashflow Amount for such Distribution Date and (2) amounts available from the Supplemental Interest Trust to pay principal as provided in Section 4.01(f)(iii) hereof.
“Fannie Mae”: Fannie Mae (formerly, Federal National Mortgage Association) or any successor thereto.
“FDIC”: Federal Deposit Insurance Corporation or any successor.
“Final Scheduled Distribution Date”: The Distribution Date occurring in September 2037.
“Freddie Mac”: Federal Home Loan Mortgage Corporation or any successor.
“Gross Margin”: With respect to any Mortgage Loan, the percentage set forth as the “Gross Margin” for such Mortgage Loan on the Mortgage Loan Schedule, as adjusted from time to time in accordance with the terms of this Agreement.
“Index”: With respect to any Mortgage Loan, the index for the adjustment of the Mortgage Rate set forth as such on the related Mortgage Note.
“Initial Certificate Principal Balance”: With respect to each Class of Regular Certificates, the Initial Certificate Principal Balance of such Class of Certificates as set forth in the Preliminary Statement hereto, or with respect to any single Certificate, the Initial Certificate Principal Balance as stated on the face thereof.
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“Initial Interest Coverage Deposit”: $898,160.00.
“Initial Mortgage Loans“: Any of the Mortgage Loans included in the Trust Fund as of the Closing Date as indicated on the Mortgage Loan Schedule attached hereto.
“Initial Notional Amount”: With respect to the Class C Certificates, an amount equal to the Notional Balance of the Class C Certificates, or with respect to any single Certificate, the Initial Notional Amount as stated on the face thereof.
“Insurance Account”: The segregated, non-interest bearing trust account created and maintained pursuant to Section 4.12(ii) of this Agreement. The Insurance Account shall be an Eligible Account.
“Insurance Agreement”: The Insurance and Indemnity Agreement, dated as of April 30, 2007, among the Certificate Insurer, the Depositor, the Sponsor, the Master Servicer, the Trustee and Impac Mortgage Holdings, Inc., in regard to the Class AM Certificates, as such agreement may be amended, modified or supplemented from time to time.
“Insurance Policy”: With respect to any Mortgage Loan, any insurance policy (including a PMI Insurer Policy) which is required to be maintained from time to time under this Agreement in respect of such Mortgage Loan.
“Insurance Proceeds”: Proceeds paid in respect of the Mortgage Loans pursuant to any Primary Hazard Insurance Policy, any title insurance policy or any other insurance policy covering a Mortgage Loan, to the extent such proceeds are not applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the procedures that the Master Servicer would follow in servicing mortgage loans held for its own account.
“Insured Amounts”: Shall mean (1) with respect to any Distribution Date, any Deficiency Amount plus any Preference Amount and (2) with respect to the Final Scheduled Distribution Date, the Deficiency Amount for the Final Scheduled Distribution Date.
“Insurer Default”: An insurer default will occur in the event the Certificate Insurer fails to make a payment under the Certificate Guaranty Insurance Policy or if certain events of bankruptcy or insolvency occur with respect to the Certificate Insurer.
“Interest Coverage Account”: A trust account that the Trustee will establish for the benefit of the Certificateholders.
“Interest Coverage Distribution Amount": With respect to each Distribution Date, an amount equal to (x) the weighted average of the Net Mortgage Rates on the then outstanding Mortgage Loans as of the first day of the month preceding the month in which such Distribution Date occurs, weighted based on the Stated Principal Balances of such Mortgage Loans as of the beginning of the related Due Period, multiplied by (y) the sum of (A) the remaining Pre-Funded Amount outstanding as of the beginning of the related Due Period and (B) the aggregate Stated Principal Balance of the Subsequent Mortgage Loans transferred to the Trust during the related Due Period that do not have a Subsequent Cut-off Date prior to the beginning of the related Due Period, divided by (z) 12.
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“Interest Rate Swap Agreement”: An interest rate swap agreement, dated as of April 30, 2007, between the Supplemental Interest Trust, by Deutsche Bank National Trust Company, as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust, and the Swap Provider for the benefit of the Class A, Class M and Class B Certificates, together with any schedules, confirmations or other agreements relating thereto, a form of which is attached hereto as Exhibit M.
“Interest Remittance Amount”: With respect to any Distribution Date, that portion of the Available Distribution Amount for such Distribution Date that represents interest received or advanced with respect to the Mortgage Loans or amounts received from the Interest Coverage Account.
“Late Collections”: With respect to any Mortgage Loan, all amounts received during any Due Period, whether as late payments of Monthly Payments or as Insurance Proceeds, Liquidation Proceeds or otherwise, which represent late payments or collections of Monthly Payments due but Delinquent for a previous Due Period and not previously recovered.
“LIBOR”: With respect to any Distribution Date and the Pass-Through Rates on the Class A Certificates and Subordinate Certificates, the arithmetic mean of the London interbank offered rate quotations of reference banks (which will be selected by the Trustee after consultation with the Master Servicer) for one-month U.S. dollar deposits, expressed on a per annum basis, determined in accordance with Section 1.02.
“LIBOR Business Day”: Any day other than (i) Saturday or Sunday or (ii) a day on which banking institutions in the city of London, England and New York City are required or authorized by law to be closed.
“LIBOR Rate Adjustment Date”: With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Accrual Period.
“Liquidated Mortgage Loan”: As to any Distribution Date, any Mortgage Loan in respect of which the Master Servicer has determined, in accordance with the servicing procedures specified herein, as of the end of the related Prepayment Period, that all Liquidation Proceeds which it expects to recover with respect to the liquidation of the Mortgage Loan or disposition of the related REO Property have been recovered.
“Liquidation Proceeds”: Amounts (other than Insurance Proceeds) received by the Master Servicer in connection with the taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or in connection with the liquidation of a defaulted Mortgage Loan through trustee’s sale, foreclosure sale or otherwise, other than amounts received in respect of any REO Property.
“Loan-to-Value Ratio”: As of any date, the fraction, expressed as a percentage, the numerator of which is the current principal balance of the related Mortgage Loan at the date of determination and the denominator of which is the Collateral Value of the related Mortgaged Property.
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“Lost Note Affidavit”: With respect to any Mortgage Note, an original lost note affidavit from the Sponsor stating that the original Mortgage Note was lost, misplaced or destroyed, together with a copy of the related Mortgage Note.
“Majority Class C Certificateholder”: The holder of a 50.01% or greater Percentage Interest of the Class C Certificates.
“Marker Rate”: With respect to the Class C Certificates and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the Uncertificated REMIC 2 Pass-Through Rates for each REMIC 2 Regular Interest for which a Class A, Class M or Class B Certificate is the Corresponding Certificate and REMIC 2 Regular Interest ZZ, with the rate on each such REMIC 2 Regular Interest (other than REMIC 2 Regular Interests AM and ZZ) subject to a cap equal to the lesser of (i) the Pass-Through Rate for the Corresponding Certificate determined without regard to the Net WAC Rate for such Distribution Date, and (ii) the Net WAC Rate for the REMIC 3 Regular Interest the ownership of which is represented by the Corresponding Certificate for such Distribution Date for the purpose of this calculation, with the rate on REMIC 2 Regular Interest AM subject to a cap equal to the lesser of (i) the Pass-Through Rate for the Corresponding Certificate determined without regard to the Net WAC Rate for such Distribution Date, and (ii) the Net WAC Rate for the REMIC 3 Regular Interest the ownership of which is represented by the Corresponding Certificate, in each case plus the Policy Premium Rate, for such Distribution Date for the purpose of this calculation, and with the rate on REMIC 2 Regular Interest ZZ subject to a cap of zero for the purpose of this calculation; provided, however, that solely for this purpose, the related cap with respect to each such REMIC 3 Regular Interest (other than REMIC 3 Regular Interest ZZ) shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period.
“Master Servicer”: Impac Funding Corporation, or any successor master servicer appointed as herein provided.
“Master Servicer Prepayment Charge Payment Amount”: The amounts payable by the Master Servicer in respect of any waived Prepayment Charges pursuant to Section 3.01, and any amount paid to the Trust Fund by any Person to remedy any breach of any representation, warranty or covenant made with respect to the Prepayment Charges to the extent the Trust Fund, as assignee, is the beneficiary of such representation, warranty or covenant.
“Master Servicing Fees”: With respect to each Mortgage Loan, an amount, payable out of any payment of interest on the Mortgage Loan, equal to interest at the Master Servicing Fee Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in the calendar month preceding the month in which the payment of the Master Servicing Fee is due (alternatively, in the event such payment of interest accompanies a Principal Prepayment in part or in full made by the Mortgagor, interest for the number of days covered by such payment of interest). The Master Servicing Fee consists of servicing compensation payable to the Master Servicer in respect of its master servicing responsibilities.
“Master Servicing Fee Rate”: With respect to each Mortgage Loan, the per annum rate of 0.030%.
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“Maximum Uncertificated Accrued Interest Deferral Amount”: With respect to any Distribution Date, the excess of (i) the sum of (x) the accrued interest at the Uncertificated REMIC 2 Pass-Through Rate applicable to REMIC 2 Regular Interest ZZ for such Distribution Date on a balance equal to the Uncertificated Principal Balance of REMIC 2 Regular Interest ZZ minus the REMIC 2 Overcollateralized Amount, in each case for such Distribution Date and (y) 1.00% of the accrued interest on REMIC 2 Regular Interest P at the applicable Uncertificated REMIC 2 Pass-Through Rate for such Distribution Date, over (ii) the aggregate amount of Uncertificated Accrued Interest for such Distribution Date on the REMIC 2 Regular Interests for which the Class A, Class B and Class M Certificates are the Corresponding Certificates, with the rate on each such REMIC 2 Regular Interest (other than REMIC 2 Regular Interest AM) subject to a cap equal to the lesser of (1) the Pass-Through Rate for the Corresponding Certificate determined without regard to the Net WAC Rate for such Distribution Date, and (2) the Net WAC Rate for the REMIC 3 Regular Interest the ownership of which is represented by the Corresponding Certificate for such Distribution Date for the purpose of this calculation, and with the rate on REMIC 2 Regular Interest AM subject to a cap equal to the lesser of (i) the Pass-Through Rate for the Corresponding Certificate determined without regard to the Net WAC Rate for such Distribution Date, and (ii) the Net WAC Rate for the REMIC 3 Regular Interest the ownership of which is represented by the Corresponding Certificate, in each case plus the Policy Premium Rate, for such Distribution Date for the purpose of this calculation; provided, however, that solely for this purpose, the related cap with respect to each such REMIC 2 Regular Interest shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period.
“MERS”: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
“MERS® System”: The system of recording transfers of Mortgages electronically maintained by MERS.
“MINMIN”: The Mortgage Identification Number for Mortgage Loans registered with MERS on the MERS® System.
“MOM Loan”: With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.
“Monthly Interest Distributable Amount”: For any Distribution Date and each Class of Class A, Class M, Class B and Class C Certificates and Class IO Interest, the amount of interest accrued during the related Accrual Period at the related Pass-Through Rate on the Certificate Principal Balances or Notional Balances or Uncertificated Notional Amounts of such Certificates or interests immediately prior to such Distribution Date, in each case, reduced by any Prepayment Interest Shortfalls to the extent not covered by Compensating Interest payable by the Sub-Servicer or Master Servicer and any shortfalls resulting from the application of the Relief Act (in each case to the extent allocated to such Class of Certificates or interests as set forth in Section 1.03). The Monthly Interest Distributable Amount on the Class A, Class M and Class B Certificates will be calculated on the basis of the actual number of days in the related Accrual Period and a 360 day-year.
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“Monthly Payment”: With respect to any Mortgage Loan, the scheduled monthly payment of principal and interest on such Mortgage Loan which is payable by a Mortgagor from time to time under the related Mortgage Note as originally executed (after adjustment, if any, for Deficient Valuations occurring prior to such Due Date, and after any adjustment by reason of any bankruptcy or similar proceeding or any moratorium or similar waiver or grace period).
“Moody's”: Moody's Investors Service, Inc., or its successor in interest.
“Mortgage”: The mortgage, deed of trust or any other instrument securing the Mortgage Loan.
“Mortgage File”: The mortgage documents listed in Section 2.01 pertaining to a particular Mortgage Loan and any additional documents required to be added to the Mortgage File pursuant to this Agreement and the Custodial Agreement; provided, that whenever the term “Mortgage File” is used to refer to documents actually received by the Trustee, such term shall not be deemed to include such additional documents required to be added unless they are actually so added.
“Mortgage Loan”: Each of the mortgage loans, transferred and assigned to the Trustee pursuant to Section 2.01, 2.04, 2.06 or 2.07 and from time to time held in the Trust Fund (including any Qualified Substitute Mortgage Loans), the mortgage loans so transferred, assigned and held being identified in the Mortgage Loan Schedule. As used herein, the term “Mortgage Loan” includes the related Mortgage Note and Mortgage.
“Mortgage Loan Purchase Agreement”: The Mortgage Loan Purchase Agreement dated as of April 30, 2007, among Impac Funding Corporation, as sponsor, Impac Mortgage Holdings, Inc. and the Depositor, as purchaser, and all amendments thereof and supplements thereto.
“Mortgage Loan Schedule”: As of any date of determination, the schedule of Mortgage Loans included in the Trust Fund. The schedule of Mortgage Loans with accompanying information transferred on the Closing Date or Subsequent Transfer Date to the Trustee as part of the Trust Fund for the Certificates, attached hereto as Exhibit H, which list shall set forth the following information with respect to each Mortgage Loan:
(i) | [reserved]; |
(ii) | the city, state and zip code of the Mortgaged Property; |
(iii) | the original term to maturity; |
(iv) | the original principal balance and the original Mortgage Rate; |
(v) | the first payment date; |
(vi) | [reserved]; |
(vii) | the type of Mortgaged Property; |
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(viii) | the Monthly Payment in effect as of the Cut-off Date (or the related Subsequent Cut-off Date with respect to a Subsequent Mortgage Loan); |
(ix) | the principal balance as of the Cut-off Date (or the related Subsequent Cut-off Date with respect to a Subsequent Mortgage Loan); |
(x) | the Mortgage Rate as of the Cut-off Date (or the related Subsequent Cut-off Date with respect to a Subsequent Mortgage Loan); |
(xi) | the occupancy status; |
(xii) | the purpose of the Mortgage Loan; |
(xiii) | the Collateral Value of the Mortgaged Property; |
(xiv) | the remaining term to maturity; |
(xv) | the paid-through date of the Mortgage Loan; |
(xvi) | the Master Servicing Fee Rate; |
(xvii) | the Sub-Servicing Fee Rate; |
(xviii) | the Net Mortgage Rate for the Mortgage Loan; |
(xix) | whether such Mortgage Loan is a PMI Mortgage Loan and, if so, the related PMI Insurer Fee Rate; |
(xx) | whether the Mortgage Loan is covered by a private mortgage insurance policy or an original certificate of private mortgage insurance; |
(xxi) | the documentation type; |
(xxii) | the type and term of the related Prepayment Charge, if any; |
(xxiii) | the Index and the Gross Margin; and |
(xxiv) | the Adjustment Date frequency and Distribution Date frequency. |
The Mortgage Loan Schedule may be in the form of more than one schedule, collectively setting forth all of the information required.
“Mortgage Note”: The note or other evidence of the indebtedness of a Mortgagor under a Mortgage Loan.
“Mortgage Rate”: With respect to any Mortgage Loan, the annual rate at which interest accrues on such Mortgage Loan in the absence of default, as adjusted from time to time in accordance with the provisions of the Mortgage Note.
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“Mortgaged Property”: The underlying property securing a Mortgage Loan.
“Mortgagor”: The obligor or obligors on a Mortgage Note.
“Net Liquidation Proceeds”: With respect to any Liquidated Mortgage Loan or any other disposition of related Mortgaged Property (including REO Property) the related Liquidation Proceeds net of Advances, Servicing Advances, Master Servicing Fees, Sub-Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or Mortgaged Property.
“Net Monthly Excess Cashflow”: With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount and (b) the excess of (x) the Interest Remittance Amount for such Distribution Date over (y) the aggregate Monthly Interest Distributable Amount for the Class A, Class M and Class B Certificates for such Distribution Date and any Unpaid Interest Shortfall Amount payable to the Class A Certificateholder for such Distribution Date.
“Net Mortgage Rate”: With respect to each Mortgage Loan Due Date, the then applicable Mortgage Rate thereon minus the sum of (1) the Master Servicing Fee Rate, (2) the Subservicing Fee Rate, (3) the Trustee Fee and (4) the related PMI Insurer Fee Rate, if such Mortgage Loan is a PMI Mortgage Loan.
“Net Prepayment Interest Shortfall”: With respect to any Distribution Date, the excess, if any, of any Prepayment Interest Shortfalls for such date over the related Compensating Interest.
“Net Swap Payment”: With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Interest Rate Swap Agreement by either the Swap Provider or the Supplemental Interest Trust, which net payment shall not take into account any Swap Termination Payment.
“Net WAC Rate”: With respect to the Class A, Class M and Class B Certificates and any Distribution Date, a per annum rate equal to the excess, if any, of (A) the weighted average of (x) a per annum rate equal to the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the month preceding the month in which such Distribution Date occurs and (y) the amount of interest withdrawn from the Interest Coverage Account with respect to that distribution date expressed as a per annum rate based on the amount on deposit in the Pre-Funding Account, in the case of (x), weighted on the basis of the aggregate Stated Principal Balance of the mortgage loans as of the beginning of the related Due Period, and in the case of (y), weighted on the basis of the Pre-Funded Amount as of the beginning of the related Due Period, over (B) the sum of (I) the sum of (1) a per annum rate equal to the Net Swap Payment payable to the Swap Provider on such Distribution Date, divided by the outstanding Stated Principal Balance of the Mortgage Loans as of the first day of the calendar month preceding the month in which the Distribution Date occurs plus the Pre-Funded Amount for such Distribution Date, multiplied by 12, and (2) a per annum rate equal to any Swap Termination Payment not due to a Swap Provider Trigger Event payable to the Swap Provider on such Distribution Date, divided by the outstanding Stated Principal Balance of the Mortgage Loans as of the first day of the calendar month preceding the month in which the Distribution Date occurs plus the Pre-Funded Amount for such Distribution Date, multiplied by 12, and (II) in the case of the Class AM Certificates only, the Policy Premium Rate. The Net WAC Rate will be adjusted to an effective rate reflecting the accrual of interest on an actual/360 basis. With respect to any Distribution Date and the REMIC 3 Regular Interests the ownership of which is represented by the Class A, Class M and Class B Certificates, a per annum rate equal to the weighted average (adjusted for the actual number of days elapsed in the related Accrual Period) of the Uncertificated REMIC 2 Pass-Through Rates on the REMIC 2 Regular Interests (other than REMIC 2 Regular Interest IO), weighted on the basis of the Uncertificated Principal Balances of each such REMIC 2 Regular Interest immediately prior to such Distribution Date, minus, in the case of the REMIC 3 Regular Interests the ownership of which is represented by the Class AM Certificates, the Policy Premium Rate.
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“Net WAC Shortfall Amount”: With respect to any Distribution Date, the sum of (i) if the Pass-Through Rate for any of the Class A, Class M and Class B Certificates is limited to the Net WAC Rate, the excess, if any, of (a) the amount of interest such Class A, Class M and Class B Certificates would have been entitled to receive on such Distribution Date if such Net WAC Rate would not have been applicable to such Certificates, over (b) the amount of interest accrued on such Certificates at such Net WAC Rate, and (ii) the Net WAC Shortfall Amount from the prior Distribution Date not previously distributed together with interest thereon at the related Pass-Through Rate for the most recently ended Accrual Period.
“Net WAC Shortfall Reserve Fund”: A reserve fund established by the Trustee for the benefit of the Holders of the Class A, Class M, Class B and Class C Certificates, and funded on the Closing Date by or on behalf of the Depositor with an amount equal to the Net WAC Shortfall Reserve Fund Deposit. The Net WAC Shortfall Reserve Fund is an “outside reserve fund” within the meaning of Treasury regulation Section 1.860G-2(h), which is not an asset of any REMIC, the ownership of which is evidenced by the Class C Certificates and which is established and maintained pursuant to Section 4.08.
“Net WAC Shortfall Reserve Fund Deposit”: With respect to the Net WAC Shortfall Reserve Fund, an amount equal to $5,000, which the Depositor shall fund initially pursuant to Section 4.08 hereof.
“Nonrecoverable Advance”: Any Advance or Servicing Advance previously made or proposed to be made in respect of a Mortgage Loan which, in the reasonable good faith judgment of the Master Servicer, will not or, in the case of a proposed Advance or Servicing Advance, would not be ultimately recoverable from Late Collections, Insurance Proceeds, Liquidation Proceeds or REO Proceeds. The determination by the Master Servicer that it has made a Nonrecoverable Advance or that any proposed Advance or Servicing Advance would constitute a Nonrecoverable Advance, shall be evidenced by a certificate of a Servicing Officer delivered to the Depositor and the Trustee.
“Non-United States Person”: Any Person other than a United States Person.
“Notional Balance”: With respect to the Class C Certificates and any Distribution Date, an amount equal to the Stated Principal Balance of the Mortgage Loans as of the related Due Date, minus the Certificate Principal Balance of the Class P Certificates. For federal income tax purposes, the Notional Balance of the Class C Certificates for any Distribution Date shall be an amount equal to the aggregate Uncertificated Principal Balance of the REMIC 2 Regular Interests, other than REMIC 2 Regular Interest P, for such Distribution Date.
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“Officers’ Certificate”: A certificate signed by the Chairman of the Board, the Vice Chairman of the Board, the President or a vice president and by the Treasurer, the Secretary, or one of the assistant treasurers or assistant secretaries of the Depositor, the Sponsor, the Master Servicer or of any Sub-Servicer and delivered to the Depositor and Trustee.
“One Month LIBOR”: The London interbank offered rate for one-month United States dollar deposits, determined as described in Section 1.02 of this Agreement.
“Opinion of Counsel”: A written opinion of counsel, who may be counsel for the Depositor, the Sponsor, or the Master Servicer, reasonably acceptable to the Trustee; except that any opinion of counsel relating to (a) the qualification of any account required to be maintained pursuant to this Agreement as an Eligible Account, (b) the qualification of REMIC 1, REMIC 2, or REMIC 3 as REMICs, (c) compliance with the REMIC Provisions or (d) resignation of the Master Servicer pursuant to Section 6.04 must be an opinion of counsel who (i) is in fact independent of the Depositor and the Master Servicer, (ii) does not have any direct financial interest or any material indirect financial interest in the Depositor or the Master Servicer or in an affiliate of either and (iii) is not connected with the Depositor or the Master Servicer as an officer, employee, director or person performing similar functions.
“Optional Termination Date”: The first Distribution Date on which the Master Servicer may opt to terminate the Trust Fund pursuant to Section 9.01.
“Original Pre-Funded Amount”: $76,114,326.34.
“OTSOTS”: Office of Thrift Supervision or any successor.
“Outstanding Mortgage Loan”: As to any Due Date, a Mortgage Loan (including an REO Property) which was not the subject of a Principal Prepayment in Full, Cash Liquidation or REO Disposition and which was not purchased prior to such Due Date pursuant to Sections 2.02, 2.04 or 3.14.
“Overcollateralization Deficiency Amount”: With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (after giving effect to distributions in respect of the Basic Principal Distribution Amount on such Distribution Date).
“Overcollateralization Floor”: With respect to any Distribution Date, 0.50% of the Cut-off Date Balance.
“Overcollateralization Release Amount”: With respect to any Distribution Date, the lesser of (x) the Principal Remittance Amount for such Distribution Date and (y) the excess, if any, of (i) the Overcollateralized Amount for such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal payment on such Distribution Date) over (ii) the Overcollateralization Target Amount for such Distribution Date.
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“Overcollateralization Target Amount”: With respect to any Distribution Date prior to the Stepdown Date, 0.95% of the Cut-off Date Balance. With respect to any Distribution Date on or after the Stepdown Date, the greater of (x) 1.90% of the aggregate Stated Principal Balance of the Mortgage Loans and (y) the Overcollateralization Floor; provided, however, that if a Trigger Event is in effect on any Distribution Date, the Overcollateralization Target Amount will be equal to the Overcollateralization Target Amount on the prior Distribution Date.
“Overcollateralized Amount”: For any Distribution Date, the amount, if any, by which (i) the aggregate Stated Principal Balance of the Mortgage Loans (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, unscheduled collections of principal received during the related Prepayment Period and any Realized Losses on the Mortgage Loans during the related Prepayment Period) plus the Pre-Funded Amount for such Distribution Date, exceeds (ii) the aggregate Certificate Principal Balance of the Class A, Class M, Class B and Class P Certificates as of such Distribution Date (after giving effect to distributions to be made on such Distribution Date).
“Ownership Interest”: As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.
“Pass-Through Rate”: With respect to any Distribution Date and the Class A, Class M and Class B Certificates, the least of (x) One-Month LIBOR plus the related Certificate Margin, (y) 11.50% and (z) the Net WAC Rate.
With respect to the Class C Certificates and any Distribution Date, the sum of (x) a per annum rate equal to the percentage equivalent of a fraction, the numerator of which is the sum of the amount determined for each REMIC 2 Regular Interest (other than REMIC 2 Regular Interests IO and P) equal to the product of (a) the excess, if any, of the Uncertificated REMIC 2 Pass-Through Rate for such REMIC 2 Regular Interest over the Marker Rate and (b) a notional amount equal to the Uncertificated Principal Balance of such REMIC 2 Regular Interest, and the denominator of which is the aggregate Uncertificated Principal Balance of such REMIC 2 Regular Interests, and (y) 100% of the interest distributable in respect of REMIC 2 Regular Interest P.
With respect to each of the Class P Certificates and any Distribution Date, 0.00% per annum.
With respect to the Class IO Interest and any Distribution Date, 100% of the amounts distributable to REMIC 2 Regular Interest IO for such Distribution Date.
“Percentage Interest”: With respect to any Regular Certificate, the undivided percentage ownership interest in the related Class evidenced by such Certificate, which percentage ownership interest shall be equal to the Initial Certificate Principal Balance thereof divided by the aggregate Initial Certificate Principal Balance of all of the Certificates of the same Class. With respect to any Class R Certificate, the interest in distributions to be made with respect to such Class evidenced thereby, expressed as a percentage, as stated on the face of each such Certificate.
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“Permitted Investment”: One or more of the following:
(i) obligations of or guaranteed as to principal and interest by the United States or any agency or instrumentality thereof when such obligations are backed by the full faith and credit of the United States;
(ii) repurchase agreements on obligations specified in clause (i) maturing not more than one month from the date of acquisition thereof, provided that the unsecured obligations of the party agreeing to repurchase such obligations are at the time rated by each Rating Agency in its highest short-term rating available, provided, however, that such repurchase agreements are treated as financings under generally accepted accounting principles (“GAAP”);
(iii) federal funds, certificates of deposit, demand deposits, time deposits and bankers' acceptances (which shall each have an original maturity of not more than 90 days and, in the case of bankers' acceptances, shall in no event have an original maturity of more than 365 days or a remaining maturity of more than 30 days) denominated in United States dollars of any U.S. depository institution or trust company incorporated under the laws of the United States or any state thereof or of any domestic branch of a foreign depository institution or trust company; provided that the debt obligations of such depository institution or trust company (or, if the only Rating Agency is Standard & Poor's, in the case of the principal depository institution in a depository institution holding company, debt obligations of the depository institution holding company) at the date of acquisition thereof have been rated by each Rating Agency in its highest short-term rating available; and provided further that, if the only Rating Agency is Standard & Poor's and if the depository or trust company is a principal subsidiary of a bank holding company and the debt obligations of such subsidiary are not separately rated, the applicable rating shall be that of the bank holding company; and, provided further that, if the original maturity of such short-term obligations of a domestic branch of a foreign depository institution or trust company shall exceed 30 days, the short-term rating of such institution shall be A-1+ in the case of Standard & Poor's if Standard & Poor's is the Rating Agency;
(iv) commercial paper (having original maturities of not more than 365 days) of any corporation incorporated under the laws of the United States or any state thereof which on the date of acquisition has been rated by Moody's and Standard & Poor's in their highest short-term ratings available; provided that such commercial paper shall have a remaining maturity of not more than 30 days;
(v) a money market fund or a qualified investment fund rated by Moody's in its highest long-term ratings available or rated AAAm or AAAm-G by Standard & Poor's, including any such funds for which Deutsche Bank National Trust Company or any affiliate thereof serves as an investment advisor, manager, administrator, shareholder, servicing agent, and/or custodian or sub-custodian; and
(vi) other obligations or securities that are acceptable to each Rating Agency as a Permitted Investment hereunder and will not reduce the rating assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency, as evidenced in writing;
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provided, however, that no instrument shall be a Permitted Investment if it represents, either (1) the right to receive only interest payments with respect to the underlying debt instrument or (2) the right to receive both principal and interest payments derived from obligations underlying such instrument and the principal and interest payments with respect to such instrument provide a yield to maturity greater than 120% of the yield to maturity at par of such underlying obligations.
To the extent that the Trustee receives any materials in connection with the holding of any Permitted Investment which require the holder to vote, the Trustee shall not exercise its voting rights.
Permitted Investments shall not be sold prior to maturity, except that a money market fund or qualified investment fund may be liquidated at any time.
“Permitted Transferee”: Any transferee of a Residual Certificate other than a Disqualified Organization, a Non-United States Person or an “electing large partnership” (as defined in Section 775 of the Code).
“PersonPerson”: Any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.
“PMI Insurer”: Any provider of primary mortgage insurance under a PMI Insurer Policy.
“PMI Insurer Fee Rate”: With respect to each PMI Mortgage Loan, the per annum rate payable to the applicable PMI Insurer under the related PMI Insurer Policy.
“PMI Insurer Policy”: The lender-paid primary mortgage insurance policy issued by the PMI Insurer in accordance with a letter between the Sponsor and any PMI Insurer.
“PMI Mortgage Loan”: Any mortgage loan covered by the PMI Insurer Policy.
“Policy Premium”: The premium set forth in the Certificate Guaranty Insurance Policy.
“Policy Premium Rate”: The rate per annum set forth in the Insurance Agreement.
“Pre-Funded Amount”: The amount on deposit in the Pre-Funding Account on any date of determination.
“Pre-Funding Account”: An account established by the Trustee for the benefit of the Certificateholders and funded on the Closing Date by the Depositor with the Original Pre-Funded Amount.
“Pre-Funding Period”: The period from the Closing Date until the earlier of (i) the date on which the amount on deposit in the Pre-Funding Account is reduced to less than $50,000 or (ii) June 29, 2007.
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“Preference Amount”: Any amount previously distributed to a Class AM Certificateholder by or on behalf of the Trust Estate that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time to time, in accordance with a final nonappealable order of a court having competent jurisdiction.
“Prepayment Assumption”: As defined in the Prospectus Supplement.
“Prepayment Charge”: With respect to any Mortgage Loan, the charges or premiums, if any, due in connection with a full or partial prepayment of such Mortgage Loan in accordance with the terms thereof (other than any Master Servicer Prepayment Charge Payment Amount).
“Prepayment Interest Excess”: With respect to any Distribution Date, for each Mortgage Loan that was the subject of a Principal Prepayment during the portion of the Prepayment Period from the related Due Date to the end of such Prepayment Period, any payment of interest received in connection therewith (net of any applicable Servicing Fee) representing interest accrued for any portion of such month of receipt.
“Prepayment Interest Shortfall”: As to any Distribution Date and any Mortgage Loan (other than a Mortgage Loan relating to an REO Property) that was the subject of (a) a Principal Prepayment in Full during the related Prepayment Period, an amount equal to the excess of one month’s interest at the Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan over the amount of interest (adjusted to the Net Mortgage Rate) paid by the Mortgagor for such Prepayment Period to the date of such Principal Prepayment in Full or (b) a Curtailment during the prior calendar month, an amount equal to one month’s interest at the Net Mortgage Rate on the amount of such Curtailment.
“Prepayment Period”: With respect to any Distribution Date, the period between the 16th of the month prior to such Distribution Date and the 15th of the current month, except the initial Prepayment Period will run from April 1, 2007 through May 15, 2007.
“Primary Hazard Insurance Policy”: Each primary hazard insurance policy required to be maintained pursuant to Section 3.13.
“Primary Insurance Policy”: Any primary policy of mortgage guaranty insurance including the PMI Insurer Policy, or any replacement policy therefor.
“Principal Distribution Amount”: With respect to any Distribution Date, an amount equal to the sum of the Basic Principal Distribution Amount plus the Extra Principal Distribution Amount.
“Principal Prepayment”: Any payment of principal made by the Mortgagor on a Mortgage Loan which is received in advance of its scheduled Due Date and which is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.
“Principal Prepayment in Full”: Any Principal Prepayment made by a Mortgagor of the entire unpaid principal balance of the Mortgage Loan.
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“Principal Remittance Amount”: With respect to any Distribution Date, the sum of the following from the Available Distribution Amount: (i) each scheduled payment of principal collected or advanced on the Mortgage Loans by the Master Servicer that were due during the related Due Period, (ii) the principal portion of all partial and full Principal Prepayments of the Mortgage Loans applied by the Master Servicer during the related Prepayment Period, (iii) the principal portion of all Net Liquidation Proceeds, REO Proceeds, Insurance Proceeds, and Subsequent Recoveries received during the related Prepayment Period, (iv) the principal portion of proceeds of Mortgage Loan purchases made pursuant to Section 2.02, 2.04, 3.14 or 3.27, in each case received or made during the related Prepayment Period, (v) the principal portion of any related Substitution Adjustments deposited in the Custodial Account during the related Prepayment Period, (vi) any amount attributable to the Pre-Funded Amount received at the end of the Pre-Funding Period and (vii) on the Distribution Date on which the Trust Fund is to be terminated pursuant to Section 9.01, the principal portion of the termination price received from the Master Servicer in connection with a termination of the Trust Fund to occur on such Distribution Date.
“Prospectus Supplement”: That certain Prospectus Supplement dated April 27, 2007 relating to the public offering of the Class A Certificates and Class M Certificates.
“Purchase Price”: With respect to any Mortgage Loan (or REO Property) required to be purchased pursuant to Section 2.02, 2.04, 3.14 or 3.27, an amount equal to the sum of (i) 100% of the Stated Principal Balance thereof, (ii) unpaid accrued interest (or REO Imputed Interest) at the applicable Net Mortgage Rate on the Stated Principal Balance thereof outstanding during each Due Period that such interest was not paid or advanced, from the date through which interest was last paid by the Mortgagor or advanced and distributed to Certificateholders together with unpaid Master Servicing Fees, Sub-Servicing Fees and, if such Mortgage Loan is a PMI Mortgage Loan, fees due the PMI Insurer at the PMI Insurer Fee Rate, from the date through which interest was last paid by the Mortgagor, in each case to the first day of the month in which such Purchase Price is to be distributed, (iii) the aggregate of all Advances and Servicing Advances made in respect thereof that were not previously reimbursed and (iv) costs and damages incurred by the Trust Fund in connection with a repurchase pursuant to Section 2.04 hereof that arises out of a violation of any anti-predatory lending law which also constitutes an actual breach of representations (xii), (xxxiii), (xxxv), (xxxviii), (xxxix) or (xliii) of Section 3.1(b) of the Mortgage Loan Purchase Agreement.
“Qualified Insurer”: Any insurance company duly qualified as such under the laws of the state or states in which the related Mortgaged Property or Mortgaged Properties is or are located, duly authorized and licensed in such state or states to transact the type of insurance business in which it is engaged and approved as an insurer by the Master Servicer, so long as the claims paying ability of which is acceptable to the Rating Agencies for pass-through certificates having the same rating as the Certificates rated by the Rating Agencies as of the Closing Date.
“Qualified Substitute Mortgage Loan”: A Mortgage Loan substituted by the Depositor for a Deleted Mortgage Loan which must, on the date of such substitution, as confirmed in an Officers’ Certificate of the Sponsor delivered to the Trustee, (i) have an outstanding principal balance, after deduction of the principal portion of the monthly payment due in the month of substitution (or in the case of a substitution of more than one Mortgage Loan for a Deleted Mortgage Loan, an aggregate outstanding principal balance, after such deduction), not in excess of the Stated Principal Balance of the Deleted Mortgage Loan (the amount of any shortfall to be paid to the Master Servicer for deposit in the Custodial Account in the month of substitution); (ii) have a Mortgage Rate and a Net Mortgage Rate no lower than and not more than 1% per annum higher than the Mortgage Rate and Net Mortgage Rate, respectively, of the Deleted Mortgage Loan as of the date of substitution; (iii) have a Loan-to-Value Ratio at the time of substitution no higher than that of the Deleted Mortgage Loan at the time of substitution; (iv) have a remaining term to stated maturity not greater than (and not more than one year less than) that of the Deleted Mortgage Loan; (v) comply with each representation and warranty set forth in Section 2.04 hereof; and, (vi) comply with each non-statistical representation and warranty set forth in the Mortgage Loan Purchase Agreement.
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“Rating Agency”: Standard & Poor's or Moody's and each of their successors. If such agencies and their successors are no longer in existence, “Rating Agency” shall be such nationally recognized statistical rating agency, or other comparable Person, designated by the Depositor, notice of which designation shall be given to the Trustee and Master Servicer. References herein to the two highest long term debt rating of a Rating Agency shall mean “AA” or better in the case of Standard & Poor's and “Aa2” or better in the case of Moody's and references herein to the highest short-term debt rating of a Rating Agency shall mean “A-1+” in the case of Standard & Poor's and “P-1” in the case of Moody's, and in the case of any other Rating Agency such references shall mean such rating categories without regard to any plus or minus.
“Realized Loss”: With respect to each Mortgage Loan or REO Property as to which a Cash Liquidation or REO Disposition has occurred, an amount (not less than zero) equal to (i) the Stated Principal Balance of the Mortgage Loan as of the date of Cash Liquidation or REO Disposition, plus (ii) interest (and REO Imputed Interest, if any) at the Net Mortgage Rate from the Due Date as to which interest was last paid or advanced to Certificateholders up to the date of the Cash Liquidation or REO Disposition on the Stated Principal Balance of such Mortgage Loan outstanding during each Due Period that such interest was not paid or advanced, minus (iii) the proceeds, if any, received during the month in which such Cash Liquidation or REO Disposition occurred, to the extent applied as recoveries of interest at the Net Mortgage Rate and to principal of the Mortgage Loan, net of the portion thereof reimbursable to the Master Servicer or any Sub-Servicer with respect to Advances or Servicing Advances not previously reimbursed. With respect to each Mortgage Loan which has become the subject of a Deficient Valuation, the difference between the principal balance of the Mortgage Loan outstanding immediately prior to such Deficient Valuation and the principal balance of the Mortgage Loan as reduced by the Deficient Valuation.
“Record Date”: With respect to each Distribution Date and the Class A, Class M and Class B Certificates, so long as such Certificates are Book-Entry Certificates, the Business Day prior to such Distribution Date. With respect to any Class A, Class M and Class B Certificates which are not Book-Entry Certificates, the close of business on the last Business Day of the month preceding the month in which such Distribution Date occurs.
“Regular Certificate”: Any of the Certificates other than the Class R Certificates.
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“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.
“Relief Act”: The Servicemembers Relief Act, as amended, and similar legislation or regulations.
“Relief Act Interest Shortfall”: With respect to any Distribution Date, for any Mortgage Loan with respect to which there has been a reduction in the amount of interest collectible thereon for the most recently ended Due Period as a result of the application of the Relief Act, the amount by which (i) interest collectible on such Mortgage Loan during such Due Period is less than (ii) one month's interest on the Stated Principal Balance of such Mortgage Loan at the Loan Rate for such Mortgage Loan before giving effect to the application of the Relief Act.
“REMIC”: A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code.
“REMIC 1”: The segregated pool of assets subject hereto (exclusive of any Net WAC Shortfall Reserve Fund, any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Account, the Interest Coverage Account, the Class M Interest Reserve Fund and, for the avoidance of doubt, any Supplemental Interest Trust, the Derivative Account, the Cap Contracts, the Collateral Account and the Interest Rate Swap Agreement) with respect to which a REMIC election is to be made, conveyed in trust to the Trustee, for the benefit of the holders of the REMIC 1 Regular Interests and the Holders of the Class R Certificates (in respect of the Class R-1 Interest), consisting of: (i) each Mortgage Loan (exclusive of payments of principal and interest due on or before the Cut-off Date, if any, received by the Master Servicer, which shall not constitute an asset of the Trust Fund) as from time to time are subject to this Agreement and all payments under and proceeds of such Mortgage Loans (exclusive of any late payment charges received on the Mortgage Loans), together with all documents included in the related Mortgage File, subject to Section 2.01; (ii) such funds or assets as from time to time are deposited in the Custodial Account or the Certificate Account and belonging to the Trust Fund; (iii) any REO Property; (iv) the Primary Hazard Insurance Policies, if any, the Primary Insurance Policies, if any, and all other Insurance Policies with respect to such Mortgage Loans; and (v) the Depositor’s interest in respect of the representations and warranties made by the Sponsor in the Mortgage Loan Purchase Agreement as assigned to the Trustee pursuant to Section 2.04 hereof.
“REMIC 1 Regular Interest”: Any of the separate non-certificated beneficial ownership interests in REMIC 1 issued hereunder and designated as a Regular Interest in REMIC 1. Each REMIC 1 Regular Interest shall accrue interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC 1 Regular Interests are set forth in the Preliminary Statement hereto. The REMIC 1 Regular Interests consist of REMIC 1 Regular Interests 1-1-A through REMIC 1 Regular Interest 1-60-B, REMIC 1 Regular Interest OC and REMIC 1 Regular Interest P, each as designated in the Preliminary Statement hereto.
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“REMIC 2”: The segregated pool of assets consisting of all of the REMIC 1 Regular Interests conveyed in trust to the Trustee, for the benefit of the holders of the REMIC 2 Regular Interests and the Holders of the Class R Certificates (in respect of the Class R-2 Interest), pursuant to Article II hereunder, with respect to which a separate REMIC election is to be made.
“REMIC 2 Interest Loss Allocation Amount”: With respect to any Distribution Date, an amount (subject to adjustment based on the actual number of days elapsed in the respective Accrual Period) equal to (a) the sum of (x) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and the REO Properties then outstanding, minus the Certificate Principal Balance of the Class P Certificates, and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest AA minus the Marker Rate, and (y) the accrued interest on REMIC 2 Regular Interest P, divided by (b) 12.
“REMIC 2 Overcollateralized Amount”: With respect to any date of determination, (i) 1.00% of the aggregate Uncertificated Principal Balance of the REMIC 2 Regular Interests, other than REMIC 2 Regular Interest P, minus (ii) the aggregate Uncertificated Principal Balance of each REMIC 2 Regular Interest for which a Class A, Class M or Class B Certificate is a Corresponding Certificate, in each case, as of such date of determination.
“REMIC 2 Overcollateralization Target Amount”: 1.00% of the Overcollateralization Target Amount.
“REMIC 2 Principal Loss Allocation Amount”: With respect to any Distribution Date, an amount equal to the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and the REO Properties then outstanding, minus the Certificate Principal Balance of the Class P Certificates, and (ii) 1 minus a fraction, the numerator of which is two (2) times the aggregate Uncertificated Principal Balance of each REMIC 2 Regular Interest for which a Class A, Class M or Class B Certificate is a Corresponding Certificate and the denominator of which is the aggregate Uncertificated Principal Balance of each REMIC 2 Regular Interest for which a Class A, Class M or Class B Certificate is a Corresponding Certificate and REMIC 2 Regular Interest ZZ.
“REMIC 2 Regular Interest”: Any of the separate non-certificated beneficial ownership interests in REMIC 2 issued hereunder and designated as a Regular Interest in REMIC 2. Each REMIC 2 Regular Interest shall accrue interest at the related Uncertificated REMIC 2 Pass-Through Rate in effect from time to time, and (except for the REMIC 2 Regular Interests IO) shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC 2 Regular Interests are set forth in the Preliminary Statement hereto.
“REMIC 3”: The segregated pool of assets consisting of all of the REMIC 2 Regular Interests conveyed in trust to the Trustee, for the benefit of the holders of the Regular 3 Regular Interests and the Holders of the Class R Certificates (in respect of the Class R-3 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
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“REMIC 3 Regular Interest”: The Class IO Interest or any Regular Interest in REMIC 3 the ownership of which is represented by any of the Regular Certificates.
“REMIC Provisions”: Provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at Sections 860A through 860G of Subchapter M of Chapter 1 of the Code, and related provisions, and proposed, temporary and final regulations and published rulings, notices and announcements promulgated thereunder, as the foregoing may be in effect from time to time.
“REMIC Regular Interest”: A REMIC 1 Regular Interest or REMIC 2 Regular Interest.
“Remittance Report”: A report prepared by the Master Servicer providing the information set forth in Exhibit E attached hereto.
“REO Acquisition”: The acquisition by the Master Servicer on behalf of the Trustee for the benefit of the Certificateholders of any REO Property pursuant to Section 3.15.
“REO Disposition”: The receipt by the Master Servicer of Insurance Proceeds, Liquidation Proceeds and other payments and recoveries (including proceeds of a final sale) which the Master Servicer expects to be finally recoverable from the sale or other disposition of the REO Property.
“REO Imputed Interest”: As to any REO Property, for any period, an amount equivalent to interest (at the Mortgage Rate that would have been applicable to the related Mortgage Loan had it been outstanding) on the unpaid principal balance of the Mortgage Loan as of the date of acquisition thereof (as such balance is reduced pursuant to Section 3.15 by any income from the REO Property treated as a recovery of principal).
“REO Proceeds”: Proceeds, net of directly related expenses, received in respect of any REO Property (including, without limitation, proceeds from the rental of the related Mortgaged Property and of any REO Disposition), which proceeds are required to be deposited into the Custodial Account as and when received.
“REO Property”: A Mortgaged Property acquired by the Master Servicer on behalf of the Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan.
“Request for Release”: A release signed by a Servicing Officer, in the form of Exhibits F-1 or F-2 attached hereto.
“Residual Certificate”: Any of the Class R Certificates.
“Residual Interest”: The sole class of “residual interests” in a REMIC within the meaning of Section 860G(a)(2) of the Code.
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“Responsible Officer”: When used with respect to the Trustee, the Chairman or Vice Chairman of the Board of Directors or Trustees, the Chairman or Vice Chairman of the Executive or Standing Committee of the Board of Directors or Trustees, the President, the Chairman of the Committee on Trust Matters, any vice president, any assistant vice president, the Secretary, any assistant secretary, the Treasurer, any assistant treasurer, any trust officer or assistant trust officer or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer's knowledge of and familiarity with the particular subject.
“Schedule”: The ISDA schedule, dated as of April 30, 2007, between the Supplemental Interest Trust Trustee and the Swap Provider.
“Servicing Account”: The account or accounts created and maintained pursuant to Section 3.09.
“Servicing Advances”: All customary, reasonable and necessary “out of pocket” costs and expenses incurred in connection with a default, delinquency or other unanticipated event in the performance by the Master Servicer or any Sub-Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any enforcement or judicial proceedings, including foreclosures, including any expenses incurred in relation to any such proceedings that result from the Mortgage Loan being registered on the MERS System, (iii) the management and liquidation of any REO Property, including reasonable fees paid to any independent contractor in connection therewith, and (iv) compliance with the obligations under the fourth paragraph of Section 3.01, Section 3.09 and Section 3.13 (other than any deductible described in the last paragraph thereof).
“Servicing Criteria”: The “servicing criteria” set forth in Item 1122(d) of Regulation AB, as such may be amended from time to time, or those Servicing Criteria otherwise mutually agreed to by Sponsor, the Master Servicer and the applicable Sub-Servicer in response to evolving interpretations of Regulation AB and incorporated into a revised Exhibit N.
“Servicing Guide”: The Impac Funding Corporation Servicing Guide attached hereto as Exhibit K.
“Servicing Officer”: Any officer of the Master Servicer involved in, or responsible for, the administration and servicing of the Mortgage Loans, whose name and specimen signature appear on a list of servicing officers furnished to the Trustee by the Master Servicer, as such list may from time to time be amended.
“Single Certificate”: A Regular Certificate of any Class (other than a Class P Certificate) evidencing an Initial Certificate Principal Balance of $1,000, or, in the case of a Class P Certificate, a Certificate of such Class evidencing an Initial Certificate Principal Balance of $100.
“Sponsor”: Impac Funding Corporation, or its successor in interest, in its capacity as seller under the Mortgage Loan Purchase Agreement.
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“Standard & Poor’s”: Standard & Poor's Ratings Services, a division of The McGraw Hill Companies, Inc., or its successor in interest.
“Startup Day”: The day designated as such pursuant to Article X hereof.
“Stated Principal Balance”: With respect to any Mortgage Loan or related REO Property at any given time, (i) the principal balance of the Mortgage Loan outstanding as of the Cut-off Date (or the related Subsequent Cut-off Date with respect to a Subsequent Mortgage Loan), after application of principal payments due on or before such date, whether or not received, minus (ii) the sum of (a) the principal portion of the Monthly Payments due with respect to such Mortgage Loan or REO Property during each Due Period ending prior to the most recent Distribution Date which were received or with respect to which an Advance was made, and (b) all Principal Prepayments with respect to such Mortgage Loan or REO Property, and all Insurance Proceeds, Liquidation Proceeds and REO Proceeds to the extent applied by the Master Servicer as recoveries of principal in accordance with Section 3.15 with respect to such Mortgage Loan or REO Property, which were distributed pursuant to Section 4.01 on any previous Distribution Date, and (c) any Realized Loss with respect thereto allocated pursuant to Section 4.05 for any previous Distribution Date.
“Step-Up Date”: The Distribution Date immediately following the first Distribution Date in which the aggregate unpaid principal balance of the Mortgage Loans, and properties acquired in respect thereof, remaining in the Trust has been reduced to less than or equal to 10% of the Cut-off Date Balance.
“Stepdown Date”: The earlier of (i) the first Distribution Date immediately following the Distribution Date on which the aggregate Certificate Principal Balance of the Class A Certificates has been reduced to zero and (ii) the later to occur of (x) the Distribution Date occurring in May 2010 and (y) the first Distribution Date on which the aggregate Certificate Principal Balance of the Class A Certificates (calculated for this purpose only, prior to any distribution of the Principal Distribution Amount to the holders of the Certificates) is less than or equal to approximately 86.50% of the aggregate principal balance of the Mortgage Loans, calculated after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period.
“Stepdown Target Subordination Percentage”: For each class of Subordinate Certificates, the respective percentages indicated in the following table:
Stepdown Target Subordination Percentage | |
Class M-1 | 11.00% |
Class M-2 | 8.70% |
Class M-3 | 7.40% |
Class M-4 | 6.30% |
Class M-5 | 5.30% |
Class M-6 | 4.40% |
Class M-7 | 3.60% |
Class M-8 | 2.90% |
Class B | 1.90% |
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“Subordinate Certificates”: The Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class B Certificates.
“Subordinate Class Principal Distribution Amount”: For any class of Subordinate Certificates and any Distribution Date, the excess of (1) the sum of (a) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account distribution of the Class A Principal Distribution Amount for such Distribution Date), (b) the aggregate Certificate Principal Balance of any class(es) of Subordinate Certificates that are senior to the subject class (in each case, after taking into account distribution of the Subordinate Class Principal Distribution Amount(s) for such senior class(es) of Certificates for such Distribution Date) and (c) the Certificate Principal Balance of the subject class of Subordinate Certificates immediately prior to such Distribution Date over (2) the lesser of (a) the product of (x) 100% minus the Stepdown Target Subordination Percentage for the subject class of Certificates and (y) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date and (b) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date minus the Overcollateralization Floor; provided, however, that if such class of Subordinate Certificates is the only class of Subordinate Certificates outstanding on such Distribution Date, that class will be entitled to receive the entire remaining Principal Distribution Amount until the Certificate Principal Balance thereof is reduced to zero.
“Subsequent Cut-off Date”: With respect to any Subsequent Mortgage Loan, the date, as designated by the Depositor, that is the later of (i) the first day of the month in which the related Subsequent Transfer Date occurs and (ii) the origination date of such subsequent Mortgage Loan.
“Subsequent Mortgage Loan”: A Mortgage Loan sold by the Depositor to the Trust pursuant to Section 2.07 of this Agreement, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.
“Subsequent Mortgage Loan Purchase Agreement”: Any Mortgage Loan Purchase Agreement dated as of the Subsequent Cut-off Date, among Impac Funding Corporation, as seller, Impac Mortgage Holdings, Inc., as guarantor, and the Depositor as purchaser, and all amendments thereof and supplements thereto.
“Subsequent Recoveries”: Any Liquidation Proceeds (net of amounts owed to the Master Servicer or any Sub-Servicer with respect to the related Mortgage Loan) received after the final liquidation of a Mortgage Loan. If Subsequent Recoveries are received, they will be included as part of the Principal Remittance Amount for the following Distribution Date and distributed in accordance with the priorities described in Section 4.01 of this Agreement. In addition, after giving effect to all distributions on a Distribution Date, if any Allocated Realized Loss Amounts are outstanding, the Allocated Realized Loss Amount for the class of Class A, Class M and Class B Certificates then outstanding with the highest distribution priority will be decreased by the amount of such Subsequent Recoveries until reduced to zero (with any remaining Subsequent Recoveries applied to reduce the Allocated Realized Loss Amount of the class with the next highest distribution priority), and the Certificate Principal Balance of such class or classes of Class A, Class M and Class B Certificates will be increased by the same amount. Thereafter, such class or classes of Class A, Class M and Class B Certificates will accrue interest on the increased Certificate Principal Balance.
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“Subsequent Transfer Date”: With respect to any Subsequent Mortgage Loan, the applicable date upon which such mortgage loan was purchased from the Sponsor with amounts on deposit in the Pre-Funding Account or other date as designated by the Sponsor.
“Subsequent Transfer Instrument”: With respect to the Subsequent Mortgage Loans, the Subsequent Transfer Instrument, dated as of the applicable Subsequent Transfer Date, between the Depositor and the Trustee, or such other instrument as agreed upon by the Depositor and the Trustee, a form of which is attached hereto as Exhibit S.
“Sub-Servicer”: Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.
“Sub-Servicer Remittance Date”: With respect to any Mortgage Loan subserviced by Countrywide, the 21st day of each month, or if such day is not a Business Day, the immediately preceding Business Day.
“Sub-Servicing Account”: An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.
“Sub-Servicing Agreement”: The written contract between the Master Servicer and a Sub-Servicer and any successor Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.
“Sub-Servicing Fees”: With respect to each Mortgage Loan, accrued interest at the Sub-Servicing Fee Rate with respect to the Mortgage Loan on the same principal balance on which interest on the Mortgage Loan accrues for the calendar month. The Sub-Servicing Fees consist of subservicing and other related compensation payable to the related Sub-Servicer or to the Master Servicer if the Master Servicer is directly servicing the loan.
“Sub-Servicing Fee Rate”: On each adjustable rate Mortgage Loan, a rate equal to 0.375% per annum. On each fixed rate first lien Mortgage Loan, a rate equal to 0.250% per annum. On each fixed rate second lien Mortgage Loan, a rate equal to 0.500% per annum.
“Substitution Adjustment”: As defined in Section 2.04 hereof.
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“Supplemental Interest Trust”: The corpus of a trust created pursuant to Section 4.09 of this Agreement and designated as the “Supplemental Interest Trust,” consisting of the Interest Rate Swap Agreement, the Cap Contracts, the Class IO Interest, the Collateral Account and the Derivative Account. For the avoidance of doubt, the Supplemental Interest Trust does not constitute a part of the Trust Fund.
“Supplemental Interest Trust Trustee”: Deutsche Bank National Trust Company, or its successor in interest, or any successor trustee appointed as herein provided.
“Swap LIBOR”: LIBOR as determined pursuant to each Interest Rate Swap Agreement.
“Swap Optional Termination Payment”: As defined in Section 9.01(b) hereof.
“Swap Provider”: The swap provider under the Interest Rate Swap Agreement, and any successor in interest or assign. Initially, the Swap Provider shall be Lehman Brothers Special Financing Inc.
“Swap Provider Trigger Event”: With respect to any Distribution Date, (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party, (ii) a Termination Event under the related Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party, or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.
“Swap Termination Payment”: Upon the designation of an “Early Termination Date” as defined in the Interest Rate Swap Agreement, the payment to be made by the Supplemental Interest Trust to the Swap Provider or by the Swap Provider to the Supplemental Interest Trust, as applicable, pursuant to the terms of the Interest Rate Swap Agreement.
“Tax Matters Person”: The person designated as “tax matters person” in the manner provided under Treasury Regulation Sections 1.860F-4(d) and 301.6231(a)(7)-1T. The Holder of the greatest Percentage Interest in a class of Residual Interests in a REMIC shall be the Tax Matters Person for the related REMIC. The Trustee, or any successor thereto or assignee thereof, shall serve as tax administrator hereunder and as agent for the related Tax Matters Person.
“Tax ReturnsTax Returns”: The federal income tax return on Internal Revenue Service Form 1066, U.S. Real Estate Mortgage Investment Conduit Income Tax Return, including Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC Taxable Income or Net Loss Allocation, or any successor forms, to be filed on behalf of REMIC 1, REMIC 2 and REMIC 3 due to their classification as REMICs under the REMIC Provisions, together with any and all other information, reports or returns that may be required to be furnished to the Certificateholders or filed with the Internal Revenue Service or any other governmental taxing authority under any applicable provisions of federal, state or local tax laws.
“Transfer”: Any direct or indirect transfer, sale, pledge, hypothecation or other form of assignment of any Ownership Interest in a Certificate.
“Transferee Affidavit and Agreement”: As defined in Section 5.02(e)(i)(B).
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“Transferor”: Any Person who is disposing by Transfer of any Ownership Interest in a Certificate.
“Transferor Affidavit”: As defined in Section 5.02(e)(i)(B).
“Trigger Event”: A Trigger Event is in effect with respect to any Distribution Date with respect to the Mortgage Loans if:
(1) the average three-month rolling percentage obtained by dividing (x) Aggregate Stated Principal Balance of Mortgage Loans that are 60 or more days delinquent (including for this purpose any such Mortgage Loans in foreclosure, Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the trust, and Mortgage Loans discharged due to bankruptcy) by (y) the Aggregate Stated Principal Balance of the Mortgage Loans, in each case, as of the last day of the previous calendar month, exceeds 42.00% multiplied by the Credit Enhancement Percentage; or
(2) the cumulative amount of Realized Losses incurred on the mortgage loans from the Cut-off Date through the end of the calendar month immediately preceding such Distribution Date divided by the Cut-off Date Balance of the mortgage loans exceeds (i) 0.25% with respect to the Distribution Date occurring in May 2009, plus an additional 1/12th of 0.45% for each month thereafter up to and including the Distribution Date in April 2010, (ii) 0.70% with respect to the Distribution Date occurring in May 2010, plus an additional 1/12th of 0.55% for each month thereafter up to and including the Distribution Date in April 2011, (iii) 1.25% with respect to the Distribution Date occurring in May 2011, plus an additional 1/12th of 0.50% for each month thereafter up to and including the Distribution Date in April 2012, (iv) 1.75% with respect to the Distribution Date occurring in May 2012, plus an additional 1/12th of 0.30% for each month thereafter up to and including the Distribution Date in April 2013 and (v) 2.05% with respect to the Distribution Date occurring in May 2013 and thereafter
For purposes of the foregoing calculation, a Mortgage Loan is considered “60 days” delinquent if a payment due on the first day of a month has not been received by the second day of the second following month.
“Trust Fund”: REMIC 1, REMIC 2, REMIC 3, the Net WAC Shortfall Reserve Fund, the Pre-Funding Account, the Interest Coverage Account, the Class M Interest Reserve Fund and Master Servicer Prepayment Charge Payment Amounts.
“Trustee”: Deutsche Bank National Trust Company, or its successor in interest, or any successor trustee appointed as herein provided.
“Trustee Fee”: The fee payable to the Trustee on each Distribution Date for its services as Trustee hereunder, in an amount equal to one-twefth of the Trustee Fee Rate multiplied by the aggregate Stated Principal Balance of the Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to that prior Due Date).
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“Trustee Fee Rate”: 0.0025% per annum.
“Uncertificated Accrued Interest”: With respect to each REMIC Regular Interest on each Distribution Date, an amount equal to one month's interest at the related Uncertificated Pass-Through Rate on the Uncertificated Principal Balance or Uncertificated Notional Amount of such REMIC Regular Interest. In each case, Uncertificated Accrued Interest will be reduced by any Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls (allocated to such REMIC Regular Interests as set forth in Section 1.03).
“Uncertificated Notional Balance”: With respect to REMIC 2 Regular Interest IO and each Distribution Date listed below, the aggregate Uncertificated Principal Balance of the REMIC 1 Regular Interests ending with the designation “A” listed below:
Distribution Date | REMIC 1 Regular Interests |
1 | 1-1-A through 1-60-A |
2 | 1-2-A through 1-60-A |
3 | 1-3-A through 1-60-A |
4 | 1-4-A through 1-60-A |
5 | 1-5-A through 1-60-A |
6 | 1-6-A through 1-60-A |
7 | 1-7-A through 1-60-A |
8 | 1-8-A through 1-60-A |
9 | 1-9-A through 1-60-A |
10 | 1-10-A through 1-60-A |
11 | 1-11-A through 1-60-A |
12 | 1-12-A through 1-60-A |
13 | 1-13-A through 1-60-A |
14 | 1-14-A through 1-60-A |
15 | 1-15-A through 1-60-A |
16 | 1-16-A through 1-60-A |
17 | 1-17-A through 1-60-A |
18 | 1-18-A through 1-60-A |
19 | 1-19-A through 1-60-A |
20 | 1-20-A through 1-60-A |
21 | 1-21-A through 1-60-A |
22 | 1-22-A through 1-60-A |
23 | 1-23-A through 1-60-A |
24 | 1-24-A through 1-60-A |
25 | 1-25-A through 1-60-A |
26 | 1-26-A through 1-60-A |
27 | 1-27-A through 1-60-A |
28 | 1-28-A through 1-60-A |
29 | 1-29-A through 1-60-A |
30 | 1-30-A through 1-60-A |
31 | 1-31-A through 1-60-A |
32 | 1-32-A through 1-60-A |
33 | 1-33-A through 1-60-A |
34 | 1-34-A through 1-60-A |
35 | 1-35-A through 1-60-A |
36 | 1-36-A through 1-60-A |
37 | 1-37-A through 1-60-A |
38 | 1-38-A through 1-60-A |
39 | 1-39-A through 1-60-A |
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Distribution Date | REMIC 1 Regular Interests |
40 | 1-40-A through 1-60-A |
41 | 1-41-A through 1-60-A |
42 | 1-42-A through 1-60-A |
43 | 1-43-A through 1-60-A |
44 | 1-44-A through 1-60-A |
45 | 1-45-A through 1-60-A |
46 | 1-46-A through 1-60-A |
47 | 1-47-A through 1-60-A |
48 | 1-48-A through 1-60-A |
49 | 1-49-A through 1-60-A |
50 | 1-50-A through 1-60-A |
51 | 1-51-A through 1-60-A |
52 | 1-52-A through 1-60-A |
53 | 1-53-A through 1-60-A |
54 | 1-54-A through 1-60-A |
55 | 1-55-A through 1-60-A |
56 | 1-56-A through 1-60-A |
57 | 1-57-A through 1-60-A |
58 | 1-58-A through 1-60-A |
59 | 1-59-A through 1-60-A |
60 | 1-60-A |
thereafter | $0.00 |
With respect to the Class IO Interest and any Distribution Date, an amount equal to the Uncertificated Notional Amount of the REMIC 2 Regular Interest IO.
“Uncertificated Pass-Through Rate”: The Uncertificated REMIC 1 Pass-Through Rate or Uncertificated REMIC 2 Pass-Through Rate.
“Uncertificated Principal BalanceUncertificated Principal Balance”: With respect to each REMIC Regular Interest, the principal amount of such REMIC Regular Interest outstanding as of any date of determination. As of the Closing Date, the Uncertificated Principal Balance of each REMIC Regular Interest shall equal the amount set forth in the Preliminary Statement hereto as its initial Uncertificated Principal Balance. On each Distribution Date, the Uncertificated Principal Balance of each such REMIC Regular Interest shall be reduced by all distributions of principal made on such REMIC Regular Interest on such Distribution Date pursuant to Section 4.04 and, if and to the extent necessary and appropriate, shall be further reduced on such Distribution Date by Realized Losses as provided in Section 4.05. The Uncertificated Principal Balance of REMIC 2 Regular Interest ZZ shall be increased by interest deferrals as provided in Section 4.04(b)(ii). The Uncertificated Principal Balance of each REMIC Regular Interest shall never be less than zero.
“Uncertificated REMIC 1 Pass-Through Rate”: With respect to REMIC 1 Regular Interests P and OC and any Distribution Date, a per annum rate equal to the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the month preceding the month in which such Distribution Date occurs.
With respect to each REMIC 1 Regular Interest ending with the designation “A” and any Distribution Date, a per annum rate equal to the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the month preceding the month in which such Distribution Date occurs multiplied by 2, subject to a maximum rate equal to 2 multiplied by the per annum fixed rate set forth in the Interest Rate Swap Agreement to be used in determining the Net Swap Payment under such agreement for such Distribution Date.
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With respect to each REMIC 1 Regular Interest ending with the designation “B” and any Distribution Date, a per annum rate equal to the greater of (x) the excess of (1) 2 multiplied by the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the month preceding the month in which such Distribution Date occurs, over (2) 2 multiplied by the per annum fixed rate set forth in the Interest Rate Swap Agreement to be used in determining the Net Swap Payment under such agreement for such Distribution Date, and (y) 0.00%.
“Uncertificated REMIC 2 Pass-Through Rate”: With respect to each REMIC 2 Regular Interest (other than REMIC 2 Regular Interest IO) and any Distribution Date, a per annum rate equal to the weighted average of (i) the Uncertificated REMIC 1 Pass-Through Rates for the REMIC 1 Regular Interests ending with the designation “B”, REMIC 1 Regular Interest P and REMIC 1 Regular Interest OC for such Distribution Date, and (ii) the rates listed below for the REMIC 1 Regular Interests ending with the designation “A” for such Distribution Date, in each case weighted on the basis of the Uncertificated Principal Balances of each such REMIC 1 Regular Interest for such Distribution Date:
Distribution Date | REMIC 1 Regular Interest | Rate |
1 | 1-1-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
2 | 1-2-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A | Uncertificated REMIC 1 Pass-Through Rate | |
3 | 1-3-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-2-A | Uncertificated REMIC 1 Pass-Through Rate | |
4 | 1-4-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-3-A | Uncertificated REMIC 1 Pass-Through Rate | |
5 | 1-5-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-4-A | Uncertificated REMIC 1 Pass-Through Rate | |
6 | 1-6-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-5-A | Uncertificated REMIC 1 Pass-Through Rate | |
7 | 1-7-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-6-A | Uncertificated REMIC 1 Pass-Through Rate | |
8 | 1-8-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-7-A | Uncertificated REMIC 1 Pass-Through Rate | |
9 | 1-9-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-8-A | Uncertificated REMIC 1 Pass-Through Rate | |
10 | 1-10-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-9-A | Uncertificated REMIC 1 Pass-Through Rate | |
11 | 1-11-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-10-A | Uncertificated REMIC 1 Pass-Through Rate | |
12 | 1-12-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
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Distribution Date | REMIC 1 Regular Interest | Rate |
1-1-A through 1-11-A | Uncertificated REMIC 1 Pass-Through Rate | |
13 | 1-13-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-12-A | Uncertificated REMIC 1 Pass-Through Rate | |
14 | 1-14-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-13-A | Uncertificated REMIC 1 Pass-Through Rate | |
15 | 1-15-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-14-A | Uncertificated REMIC 1 Pass-Through Rate | |
16 | 1-16-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-15-A | Uncertificated REMIC 1 Pass-Through Rate | |
17 | 1-17-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-16-A | Uncertificated REMIC 1 Pass-Through Rate | |
18 | 1-18-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-17-A | Uncertificated REMIC 1 Pass-Through Rate | |
19 | 1-19-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-18-A | Uncertificated REMIC 1 Pass-Through Rate | |
20 | 1-20-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-19-A | Uncertificated REMIC 1 Pass-Through Rate | |
21 | 1-21-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-20-A | Uncertificated REMIC 1 Pass-Through Rate | |
22 | 1-22-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-21-A | Uncertificated REMIC 1 Pass-Through Rate | |
23 | 1-23-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-22-A | Uncertificated REMIC 1 Pass-Through Rate | |
24 | 1-24-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-23-A | Uncertificated REMIC 1 Pass-Through Rate | |
25 | 1-25-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-24-A | Uncertificated REMIC 1 Pass-Through Rate | |
26 | 1-26-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-25-A | Uncertificated REMIC 1 Pass-Through Rate | |
27 | 1-27-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-26-A | Uncertificated REMIC 1 Pass-Through Rate | |
28 | 1-28-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-27-A | Uncertificated REMIC 1 Pass-Through Rate | |
29 | 1-29-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-28-A | Uncertificated REMIC 1 Pass-Through Rate | |
30 | 1-30-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-29-A | Uncertificated REMIC 1 Pass-Through Rate | |
31 | 1-31-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-30-A | Uncertificated REMIC 1 Pass-Through Rate | |
32 | 1-32-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
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Distribution Date | REMIC 1 Regular Interest | Rate |
1-1-A through 1-31-A | Uncertificated REMIC 1 Pass-Through Rate | |
33 | 1-33-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-32-A | Uncertificated REMIC 1 Pass-Through Rate | |
34 | 1-34-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-33-A | Uncertificated REMIC 1 Pass-Through Rate | |
35 | 1-35-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-34-A | Uncertificated REMIC 1 Pass-Through Rate | |
36 | 1-36-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-35-A | Uncertificated REMIC 1 Pass-Through Rate | |
37 | 1-37-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-36-A | Uncertificated REMIC 1 Pass-Through Rate | |
38 | 1-38-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-37-A | Uncertificated REMIC 1 Pass-Through Rate | |
39 | 1-39-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-38-A | Uncertificated REMIC 1 Pass-Through Rate | |
40 | 1-40-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-39-A | Uncertificated REMIC 1 Pass-Through Rate | |
41 | 1-41-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-40-A | Uncertificated REMIC 1 Pass-Through Rate | |
42 | 1-42-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-41-A | Uncertificated REMIC 1 Pass-Through Rate | |
43 | 1-43-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-42-A | Uncertificated REMIC 1 Pass-Through Rate | |
44 | 1-44-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-43-A | Uncertificated REMIC 1 Pass-Through Rate | |
45 | 1-45-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-44-A | Uncertificated REMIC 1 Pass-Through Rate | |
46 | 1-46-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-45-A | Uncertificated REMIC 1 Pass-Through Rate | |
47 | 1-47-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-46-A | Uncertificated REMIC 1 Pass-Through Rate | |
48 | 1-48-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-47-A | Uncertificated REMIC 1 Pass-Through Rate | |
49 | 1-49-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-48-A | Uncertificated REMIC 1 Pass-Through Rate | |
50 | 1-50-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-49-A | Uncertificated REMIC 1 Pass-Through Rate | |
51 | 1-51-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-50-A | Uncertificated REMIC 1 Pass-Through Rate | |
52 | 1-52-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
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Distribution Date | REMIC 1 Regular Interest | Rate |
1-1-A through 1-51-A | Uncertificated REMIC 1 Pass-Through Rate | |
53 | 1-53-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-52-A | Uncertificated REMIC 1 Pass-Through Rate | |
54 | 1-54-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-53-A | Uncertificated REMIC 1 Pass-Through Rate | |
55 | 1-55-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-54-A | Uncertificated REMIC 1 Pass-Through Rate | |
56 | 1-56-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-55-A | Uncertificated REMIC 1 Pass-Through Rate | |
57 | 1-57-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-56-A | Uncertificated REMIC 1 Pass-Through Rate | |
58 | 1-58-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-57-A | Uncertificated REMIC 1 Pass-Through Rate | |
59 | 1-59-A through 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-58-A | Uncertificated REMIC 1 Pass-Through Rate | |
60 | 1-60-A | 2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate |
1-1-A through 1-59-A | Uncertificated REMIC 1 Pass-Through Rate | |
thereafter | 1-1-A through 1-60-A | Uncertificated REMIC 1 Pass-Through Rate |
With respect to REMIC 2 Regular Interest IO and any Distribution Date, a per annum rate equal to the excess of (i) the weighted average of the Uncertificated REMIC 1 Pass-Through Rates for the REMIC 1 Regular Interests ending with the designation “A” for such Distribution Date over (ii) the weighted average of 2 multiplied by Swap LIBOR on the REMIC 1 Regular Interests ending with the designation “A”, subject to a maximum rate of the Uncertificated REMIC 1 Pass-Through Rate for each such REMIC 1 Regular Interest for such Distribution Date, in each case, weighted on the basis of the Uncertificated Principal Balances of each such REMIC 1 Regular Interest for such Distribution Date.
“Uninsured CauseUninsured Cause”: Any cause of damage to property subject to a Mortgage such that the complete restoration of such property is not fully reimbursable by the hazard insurance policies or flood insurance policies required to be maintained pursuant to Section 3.13.
“United States PersonUnited States Person”: A citizen or resident of the United States, a corporation or a partnership (including an entity treated as a corporation or partnership for United States federal income tax purposes) created or organized in, or under the laws of, the United States or any State thereof or the District of Columbia (except, in the case of a partnership, to the extent provided in regulations) provided that, for purposes solely of the restrictions on the transfer of Class R Certificates, no partnership or other entity treated as a partnership for United States federal income tax purposes shall be treated as a United States Person unless all persons that own an interest in such partnership either directly or through any entity that is not a corporation for United States federal income tax purposes are required by the applicable operative agreement to be United States Persons or an estate whose income is subject to United States federal income tax regardless of its source, or a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more such United States Persons have the authority to control all substantial decisions of the trust. To the extent prescribed in regulations by the Secretary of the Treasury, which have not yet been issued, a trust which was in existence on August 20, 1996 (other than a trust treated as owned by the grantor under subpart E of part I of subchapter J of chapter 1 of the Code), and which was treated as a United States person on August 20, 1996 may elect to continue to be treated as a United States person notwithstanding the previous sentence.
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“Unpaid Interest Shortfall AmountUnpaid Interest Shortfall Amount”: For each Class of Class A, Class M and Class B Certificates and any Distribution Date, the amount, if any, by which (a) the sum of (1) the Monthly Interest Distributable Amount for such Class for such Distribution Date and (2) the outstanding Unpaid Interest Shortfall Amount, if any, for such Class for the immediately preceding Distribution Date exceeds (b) the aggregate amount distributed on such Class in respect of interest pursuant to clause (a) of this definition on such Distribution Date, plus interest on the amount of Unpaid Interest Shortfall Amount due but not paid on such Class on the immediately preceding Distribution Date, to the extent permitted by law, at the Pass-Through Rate for such Class for the related Accrual Period.
“Voting RightsVoting Rights”: The portion of the voting rights of all of the Certificates which is allocated to any Certificate. At all times during the term of this Agreement, (i) 98% of all Voting Rights will be allocated among the Holders of the Class A Certificates, the Subordinate Certificates and the Class C Certificates in proportion to the then outstanding Certificate Principal Balances of their respective Certificates, (ii) 1% of all Voting Rights will be allocated to the Holders of the Class P Certificates and (iii) 1% of all Voting Rights will be allocated to the Holders of the Class R Certificates. The Voting Rights allocated to any Class of Certificates shall be allocated among all Holders of the Certificates of such Class in proportion to the outstanding Percentage Interests in such Class represented thereby.
“Weighted Average Net Mortgage RateWeighted Average Net Mortgage Rate”: The weighted average of the Net Mortgage Rates of the Mortgage Loans, weighted on the basis of the Stated Principal Balances thereof as of the close of business on the first day of the calendar month preceding the month in which such Distribution Date occurs.
Section 1.02. Determination of LIBOR.
LIBOR applicable to the calculation of the Pass-Through Rate on the Class A Certificates and Subordinate Certificates for any Accrual Period will be determined on each LIBOR Rate Adjustment Date.
On each LIBOR Rate Adjustment Date, LIBOR shall be established by the Trustee and, as to any Accrual Period, will equal the rate for one month United States dollar deposits that appears on the Reuters Screen LIBOR01 as of 11:00 a.m., London time, on such LIBOR Rate Adjustment Date. “Reuters Screen LIBOR01” means the display designated as such by Reuters Monitor Money Rates Services. If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, LIBOR shall be so established by use of such other service for displaying LIBOR or comparable rates as may be selected by the Trustee after consultation with the Master Servicer), the rate will be the Reference Bank Rate. The “Reference Bank Rate” will be determined on the basis of the rates at which deposits in U.S. Dollars are offered by the reference banks (which shall be any three major banks that are engaged in transactions in the London interbank market, selected by the Trustee after consultation with the Master Servicer) as of 11:00 a.m., London time, on the LIBOR Rate Adjustment Date to prime banks in the London interbank market for a period of one month in amounts approximately equal to the aggregate Certificate Principal Balance of the Class A Certificates and Subordinate Certificates then outstanding. The Trustee will request the principal London office of each of the reference banks to provide a quotation of its rate. If at least two such quotations are provided, the rate will be the arithmetic mean of the quotations rounded up to the next multiple of 1/16%. If on such date fewer than two quotations are provided as requested, the rate will be the arithmetic mean of the rates quoted by one or more major banks in New York City, selected by the Trustee after consultation with the Master Servicer, as of 11:00 a.m., New York City time, on such date for loans in U.S. Dollars to leading European banks for a period of one month. If no such quotations can be obtained, the rate will be LIBOR for the prior Distribution Date; provided however, if, under the priorities described above, LIBOR for a Distribution Date would be based on LIBOR for the previous Distribution Date for the third consecutive Distribution Date, the Trustee shall select an alternative comparable index after consultation with the Master Servicer (over which the Trustee has no control), used for determining one-month Eurodollar lending rates that is calculated and published (or otherwise made available) by an independent party.
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The establishment of LIBOR by the Trustee on any LIBOR Rate Adjustment Date and the Trustee’s subsequent calculation of the Pass-Through Rate applicable to the Class A Certificates and Subordinate Certificates for the relevant Accrual Period, in the absence of manifest error, will be final and binding.
Promptly following each LIBOR Rate Adjustment Date the Trustee shall supply the Master Servicer with the results of its determination of LIBOR on such date. Furthermore, the Trustee will supply to any Certificateholder so requesting by telephone the Pass-Through Rate on the Class A Certificates and Subordinate Certificates for the current and the immediately preceding Accrual Period.
Section 1.03. Allocation of Certain Interest Shortfalls.
For purposes of calculating the amount of the Monthly Interest Distributable Amount for the Class A Certificates, the Subordinate Certificates and the Class C Certificates for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to the Class C Certificates, based on, and to the extent of, one month's interest at the then applicable Pass-Through Rate on the Notional Balance of such Certificates and, thereafter, among the Class A, Class M and Class B Certificates on a pro rata basis, based on, and to the extent of, one month's interest at the then applicable respective Pass-Through Rates on the respective Certificate Principal Balances of each such Certificate.
For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans shall be allocated first, to REMIC 1 Regular Interests ending with the designation “B” and REMIC 1 Regular Interests P and OC, pro rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest.
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For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests (other than REMIC 2 Regular Interest IO) for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, each REMIC 2 Regular Interest for which a Class A, Class B, Class M or Class P Certificate is the Corresponding Certificate and REMIC 2 Regular Interest ZZ, pro rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 2 Regular Interest.
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ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans.
The Depositor, as of the Closing Date, and concurrently with the execution and delivery hereof, does hereby assign, transfer, sell, set over and otherwise convey to the Trustee without recourse all the right, title and interest of the Depositor in and to the Mortgage Loans identified on the Mortgage Loan Schedule (exclusive of any prepayment fees and late payment charges received thereon) and all other assets included or to be included in the Trust Fund for the benefit of the Certificateholders, including the amount to be deposited by or on behalf of the Depositor into the Net WAC Shortfall Reserve Fund. Such assignment includes all principal and interest received by the Master Servicer on or with respect to the Mortgage Loans (other than payment of principal and interest due on or before the Cut-off Date).
In connection with such transfer and assignment, the Depositor has caused the Sponsor to deliver to, and deposit with the Trustee, as described in the Mortgage Loan Purchase Agreement, with respect to each Mortgage Loan, and the Depositor has caused the Sponsor to deliver to, and deposit with the Trustee, as described in accordance with Section 2.07, with respect to each Subsequent Mortgage Loan, the following documents or instruments:
(i) the original Mortgage Note endorsed without recourse, “Deutsche Bank National Trust Company, as trustee under the Pooling and Servicing Agreement relating to Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3” with all intervening endorsements showing an unbroken chain of endorsements from the originator to the Person endorsing it to the Trustee or, with respect to any Mortgage Loan as to which the original Mortgage Note has been permanently lost or destroyed and has not been replaced, a Lost Note Affidavit;
(ii) the original recorded Mortgage, noting the presence of the MIN of the Mortgage Loan and language indicating that the Mortgage Loan is a MOM Loan if the Mortgage Loan is a MOM Loan, with evidence of recording indicated thereon or, if the original Mortgage has not been returned from the public recording office, a copy of the Mortgage certified by the Sponsor or the public recording office in which such Mortgage has been recorded to be a true and complete copy of the original Mortgage submitted for recording;
(iii) unless the Mortgage Loan is registered on the MERS® System, a duly executed original Assignment of the Mortgage, without recourse, in recordable form to Deutsche Bank National Trust Company, as trustee,” or to “Deutsche Bank National Trust Company, as trustee for holders of Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3”;
(iv) the original intervening Assignments, if any, of the Mortgage showing an unbroken chain of assignment from the originator thereof to the Person assigning it to the Trustee (or to MERS, if the Mortgage Loan is registered on the MERS® System and noting the presence of a MIN) or, if any such Assignment has not been returned from the applicable public recording office, a copy of such Assignment certified by the Sponsor to be a true and complete copy of the original Assignment submitted to the title insurance company for recording;
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(v) the original title insurance policy or a copy thereof, or, if such policy has not been issued, any one of an original or a copy of the preliminary title report, title binder or title commitment on the Mortgaged Property with the original policy of the insurance to be delivered promptly following the receipt thereof;
(vi) a copy of the related hazard insurance policy; and
(vii) a true and correct copy of any assumption, modification, consolidation or substitution agreement.
The Sponsor is obligated as described in the Mortgage Loan Purchase Agreement, with respect to the Mortgage Loans, and in accordance with Section 2.07 and the Subsequent Mortgage Loan Purchase Agreement, with respect to the Subsequent Mortgage Loans, to deliver to the Trustee: (a) either the original recorded Mortgage, or in the event such original cannot be delivered by the Sponsor, a copy of such Mortgage certified as true and complete by the appropriate recording office, in those instances where a copy thereof certified by the Sponsor was delivered to the Trustee pursuant to clause (ii) above; and (b) either the original intervening Assignments, if any, of the Mortgage, with evidence of recording thereon, showing an unbroken chain of assignment from the originator to the Sponsor, or in the event such original cannot be delivered by the Sponsor, a copy of such intervening Assignments, if any, certified as true and complete by the appropriate recording office, in those instances where copies thereof certified by the Sponsor were delivered to the Trustee pursuant to clause (iv) above. However, pursuant to the Mortgage Loan Purchase Agreement with respect to the Initial Mortgage Loans and pursuant to Section 2.07 and the Subsequent Mortgage Loan Purchase Agreement with respect to the Subsequent Mortgage Loans, the Sponsor need not cause to be recorded any assignment in any jurisdiction under the laws of which, as evidenced by an Opinion of Counsel delivered by the Sponsor to the Trustee, the Certificate Insurer and the Rating Agencies, the recordation of such assignment is not necessary to protect the Trustee’s interest in the related Mortgage Loan; provided, however, notwithstanding the delivery of any Opinion of Counsel, each assignment shall be submitted for recording by the Sponsor in the manner described above, at no expense to the Trust or the Trustee, upon the earliest to occur of: (i) direction by the Holders of Certificates evidencing at least 25% of the Voting Rights or the Certificate Insurer, (ii) the occurrence of a Event of Default, (iii) the occurrence of a bankruptcy, insolvency or foreclosure relating to the Sponsor, (iv) the occurrence of a servicing transfer as described in Section 7.02 hereof and (v) if the Sponsor is not the Master Servicer and with respect to any one assignment, the occurrence of a bankruptcy, insolvency or foreclosure relating to the Mortgagor under the related Mortgage.
Notwithstanding anything to the contrary contained in this Section 2.01, in those instances where the public recording office retains the original Mortgage after it has been recorded, the Sponsor shall be deemed to have satisfied its obligations hereunder upon delivery to the Trustee of a copy of such Mortgage certified by the public recording office to be a true and complete copy of the recorded original thereof.
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If any Assignment is lost or returned unrecorded to the Trustee because of any defect therein, the Sponsor is required, as described in the Mortgage Loan Purchase Agreement with respect to the Initial Mortgage Loans, and as described in the Subsequent Mortgage Loan Purchase Agreement and in accordance with Section 2.07, with respect to the Subsequent Mortgage Loans, to prepare a substitute Assignment or cure such defect, as the case may be, and the Sponsor shall cause such Assignment to be recorded in accordance with this section.
The Sponsor is required as described in the Mortgage Loan Purchase Agreement with respect to the Initial Mortgage Loans, and as described in the Subsequent Mortgage Loan Purchase Agreement and in accordance with Section 2.07, with respect to the Subsequent Mortgage Loans, to exercise its best reasonable efforts to deliver or cause to be delivered to the Trustee within 120 days of the Closing Date or related Subsequent Transfer Date, with respect to the Mortgage Loans, the original or a photocopy of the title insurance policy with respect to each such Mortgage Loan assigned to the Trustee pursuant to this Section 2.01.
In connection with the assignment of any Mortgage Loan registered on the MERS® System, the Sponsor further agrees that it will cause, at the Sponsor's own expense, as of the Closing Date or related Subsequent Transfer Date, the MERS® System to indicate that such Mortgage Loans have been assigned by the Sponsor to the Trustee in accordance with this Agreement for the benefit of the Certificateholders and the Certificate Insurer by including (or deleting, in the case of Mortgage Loans which are repurchased in accordance with this Agreement) in such computer files (a) the code in the field which identifies the specific Trustee and (b) the code in the field “Pool Field” which identifies the series of the Certificates issued in connection with such Mortgage Loans. The Depositor further agrees that it will not, and will not permit the Master Servicer to, and the Master Servicer agrees that it will not, alter the codes referenced in this paragraph with respect to any Mortgage Loan during the term of this Agreement unless and until such Mortgage Loan is repurchased in accordance with the terms of this Agreement.
All original documents relating to the Mortgage Loans which are not delivered to the Trustee are and shall be held by the Master Servicer in trust for the benefit of the Trustee on behalf of the Certificateholders and the Certificate Insurer.
Except as may otherwise expressly be provided herein, none of the Depositor, the Master Servicer or the Trustee shall (and the Master Servicer shall ensure that no Sub-Servicer shall) assign, sell, dispose of or transfer any interest in the Trust Fund or any portion thereof, or cause the Trust Fund or any portion thereof to be subject to any lien, claim, mortgage, security interest, pledge or other encumbrance.
It is intended that the conveyance of the Mortgage Loans by the Depositor to the Trustee as provided in this Section 2.01 be, and be construed as, a sale of the Mortgage Loans as provided for in this Section 2.01 by the Depositor to the Trustee for the benefit of the Certificateholders and the Certificate Insurer. It is, further, not intended that such conveyance be deemed a pledge of the Mortgage Loans by the Depositor to the Trustee to secure a debt or other obligation of the Depositor. However, in the event that the Mortgage Loans are held to be property of the Depositor, or if for any reason this Agreement is held or deemed to create a security interest in the Mortgage Loans, then it is intended that, (a) this Agreement shall also be deemed to be a security agreement within the meaning of Articles 8 and 9 of the New York Uniform Commercial Code and the Uniform Commercial Code of any other applicable jurisdiction; (b) the conveyance provided for in this Section 2.01 shall be deemed to be (1) a grant by the Depositor to the Trustee of a security interest in all of the Depositor's right (including the power to convey title thereto), title and interest, whether now owned or hereafter acquired, in and to (A) the Mortgage Loans, including the Mortgage Notes, the Mortgages, any related Insurance Policies and all other documents in the related Mortgage Files, (B) all amounts payable to the holders of the Mortgage Loans in accordance with the terms thereof and (C) all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments, securities or other property, including without limitation all amounts from time to time held or invested in the Certificate Account or the Custodial Account, whether in the form of cash, instruments, securities or other property and (2) an assignment by the Depositor to the Trustee of any security interest in any and all of the Sponsor's right (including the power to convey title thereto), title and interest, whether now owned or hereafter acquired, in and to the property described in the foregoing clauses (1)(A) through (C); (c) the possession by the Trustee or any other custodian or agent of the Trustee of Mortgage Notes and such other items of property as constitute instruments, money, negotiable documents or chattel paper shall be deemed to be “possession by the secured party” or possession by a purchaser or a person designated by such secured party, for purposes of perfecting the security interest pursuant to the New York Uniform Commercial Code and the Uniform Commercial Code of any other applicable jurisdiction (including, without limitation, Sections 9-115, 9-305, 8-102, 8-301, 8-501 and 8-503 thereof); and (d) notifications to persons holding such property, and acknowledgments, receipts or confirmations from persons holding such property, shall be deemed notifications to, or acknowledgments, receipts or confirmations from, financial intermediaries, bailees or agents (as applicable) of the Trustee for the purpose of perfecting such security interest under applicable law. The Depositor and the Trustee shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Mortgage Loans, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of the Agreement.
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Concurrently with the execution of this Agreement, the Interest Rate Swap Agreement and Cap Contracts shall be delivered to the Trustee. In connection therewith, the Depositor hereby directs the Trustee, as Supplemental Interest Trust Trustee (not in its individual capacity, but solely in its capacity as Supplemental Interest Trust Trustee), to execute and deliver the Interest Rate Swap Agreement and to exercise the rights, perform the obligations, and make the representations of Party B (as defined therein) as set forth in the Interest Rate Swap Agreement and as provided in this Agreement on the Closing Date and thereafter. In addition, the Trustee, as Supplemental Interest Trust Trustee (not in its individual capacity, but solely in its capacity as Supplemental Interest Trust Trustee), is hereby directed to execute and deliver the Cap Contracts on behalf of Party B (as defined therein) and to exercise the rights, perform the obligations, and make the representations of Party B as set forth in the each Cap Contract and as provided in this Agreement on the Closing Date and thereafter. The Sponsor, the Master Servicer, the Depositor and the Certificateholders, by acceptance of their Certificates, acknowledge and agree that the Trustee, as Supplemental Interest Trust Trustee, shall execute and deliver the Interest Rate Swap Agreement and Cap Contracts on behalf of Party B (as defined therein) and shall exercise the rights, perform the obligations, and make the representations of Party B as set forth in the Interest Rate Swap Agreement and Cap Contracts and as provided in this Agreement and shall do so solely in its capacity as Supplemental Interest Trust Trustee and not in its individual capacity.
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Every provision of this Agreement relating to the conduct or affecting the liability of or affording protection to the Supplemental Interest Trust Trustee shall apply to the Supplemental Interest Trust Trustee’s execution of the Interest Rate Swap Agreement and Cap Contracts, and the performance of its duties and the satisfaction of its obligations on behalf of Party B thereunder.
Section 2.02. Acceptance of the Trust Fund by the Trustee.
The Trustee, with respect to the Mortgage Files held by it, acknowledges receipt (subject to any exceptions noted in the Initial Certification described below) on behalf of the Trustee, of the documents referred to in Section 2.01 above and all other assets included in the definition of “Trust Fund” and declares that it holds and will hold such documents and the other documents delivered to it constituting the Mortgage Files, and that it holds or will hold such other assets included in the definition of “Trust Fund” (to the extent delivered or assigned to the Trustee), in trust for the exclusive use and benefit of all present and future Certificateholders and the Certificate Insurer.
The Trustee agrees, for the benefit of the Certificateholders and the Certificate Insurer, to review or cause to be reviewed on its behalf, each Mortgage File on or before the Closing Date (or the related Subsequent Transfer Date, with respect to the Subsequent Mortgage Loans) to ascertain that all documents required to be delivered to it are in its possession, and the Trustee agrees to execute and deliver, or cause to be executed and delivered, to the Certificate Insurer, the Depositor and the Master Servicer on the Closing Date, with respect to each Mortgage Loan, an Initial Certification in the form annexed hereto as Exhibit C to the effect that, as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid in full or any Mortgage Loan specifically identified in such certification as not covered by such certification), (i) all documents required to be delivered to it pursuant to this Agreement with respect to such Mortgage Loan are in its possession, (ii) such documents have been reviewed by it and appear regular on their face and relate to such Mortgage Loan and (iii) based on its examination and only as to the foregoing documents, the information set forth in items (i), (ii), (iii)(A) and (iv) of the definition of the “Mortgage Loan Schedule” accurately reflects information set forth in the Mortgage File. None of the Trustee or the Master Servicer shall be under any duty to determine whether any Mortgage File should include any of the documents specified in clause (vi) or (vii) of Section 2.01. None of the Trustee or the Master Servicer shall be under any duty or obligation to inspect, review or examine said documents, instruments, certificates or other papers to determine that the same are genuine, enforceable or appropriate for the represented purpose or that they have actually been recorded, or they are in recordable form or that they are other than what they purport to be on their face.
Within 90 days of the Closing Date, with respect to the Mortgage Loans, the Trustee shall deliver to the Depositor, the Certificate Insurer and the Master Servicer a Final Certification in the form annexed hereto as Exhibit D evidencing the completeness of the Mortgage Files, with any applicable exceptions noted thereon, with respect to all of the Initial Mortgage Loans and the Subsequent Mortgage Loans.
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If in the process of reviewing the Mortgage Files and preparing the certifications referred to above the Trustee finds any document or documents constituting a part of a Mortgage File to be missing or defective in any material respect, the Trustee shall promptly notify the Sponsor, the Master Servicer, the Certificate Insurer and the Depositor. The Trustee shall promptly notify the Sponsor of such defect and request that the Sponsor cure any such defect within 60 days from the date on which the Sponsor was notified of such defect, and if the Sponsor does not cure such defect in all material respects during such period, request on behalf of the Certificateholders and the Certificate Insurer that the Sponsor purchase such Mortgage Loan from the Trust Fund at the Purchase Price within 90 days after the date on which the Sponsor was notified of such defect; provided that if such defect would cause the Mortgage Loan to be other than a “qualified mortgage” as defined in Section 860G(a)(3) of the Code, any such cure or repurchase must occur within 90 days from the date such breach was discovered. It is understood and agreed that the obligation of the Sponsor to cure a material defect in, or purchase any Mortgage Loan as to which a material defect in a constituent document exists shall constitute the sole remedy respecting such defect available to Certificateholders, the Certificate Insurer or the Trustee on behalf of Certificateholders. The Purchase Price for the purchased Mortgage Loan shall be deposited or caused to be deposited upon receipt by the Master Servicer in the Custodial Account and, upon receipt by the Trustee of written notification of such deposit signed by a Servicing Officer, the Trustee shall release or cause to be released to the Sponsor the related Mortgage File and shall execute and deliver such instruments of transfer or assignment, in each case without recourse, as the Sponsor shall require as necessary to vest in the Sponsor ownership of any Mortgage Loan released pursuant hereto and at such time the Trustee shall have no further responsibility with respect to the related Mortgage File. In furtherance of the foregoing, if the Sponsor is not a member of MERS and the Mortgage is registered on the MERS® System, the Master Servicer, at its own expense and without any right of reimbursement, shall cause MERS to execute and deliver an assignment of the Mortgage in recordable form to transfer the Mortgage from MERS to the Sponsor and shall cause such Mortgage to be removed from registration on the MERS® System in accordance with MERS' rules and regulations.
Section 2.03. Representations, Warranties and Covenants of the Master Servicer and the Depositor.
(a) The Master Servicer hereby represents and warrants to and covenants with the Depositor and the Trustee for the benefit of Certificateholders and the Certificate Insurer that:
(i) The Master Servicer is, and throughout the term hereof shall remain, a corporation duly organized, validly existing and in good standing under the laws of the state of its incorporation (except as otherwise permitted pursuant to Section 6.02), the Master Servicer is, and shall remain, in compliance with the laws of each state in which any Mortgaged Property is located to the extent necessary to perform its obligations under this Agreement, and the Master Servicer or the Sub-Servicer is, and shall remain, approved to sell mortgage loans to and service mortgage loans for Fannie Mae and Freddie Mac;
(ii) The execution and delivery of this Agreement by the Master Servicer, and the performance and compliance with the terms of this Agreement by the Master Servicer, will not violate the Master Servicer's articles of incorporation or bylaws or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or other instrument to which it is a party or which is applicable to it or any of its assets;
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(iii) The Master Servicer has the full power and authority to enter into and consummate all transactions contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement;
(iv) This Agreement, assuming due authorization, execution and delivery by the Depositor and the Trustee, constitutes a valid, legal and binding obligation of the Master Servicer, enforceable against the Master Servicer in accordance with the terms hereof, subject to (A) applicable bankruptcy, insolvency, reorganization, moratorium and other laws affecting the enforcement of creditors' rights generally, and (B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law;
(v) The Master Servicer is not in violation of, and its execution and delivery of this Agreement and its performance and compliance with the terms of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation or demand of any federal, state or local governmental or regulatory authority, which violation is likely to affect materially and adversely either the ability of the Master Servicer to perform its obligations under this Agreement or the financial condition of the Master Servicer;
(vi) No litigation is pending (other than litigation with respect to which pleadings or documents have been filed with a court, but not served on the Master Servicer) or, to the best of the Master Servicer's knowledge, threatened against the Master Servicer which would prohibit its entering into this Agreement or performing its obligations under this Agreement or is likely to affect materially and adversely either the ability of the Master Servicer to perform its obligations under this Agreement or the financial condition of the Master Servicer;
(vii) The Master Servicer will comply in all material respects in the performance of this Agreement with all reasonable rules and requirements of each insurer under each Insurance Policy;
(viii) The execution of this Agreement and the performance of the Master Servicer's obligations hereunder do not require any license, consent or approval of any state or federal court, agency, regulatory authority or other governmental body having jurisdiction over the Master Servicer, other than such as have been obtained;
(ix) No information, certificate of an officer, statement furnished in writing or report delivered to the Depositor, any affiliate of the Depositor or the Trustee by the Master Servicer in its capacity as Master Servicer, and not in its capacity as a Sponsor hereunder, will, to the knowledge of the Master Servicer, contain any untrue statement of a material fact;
(x) The Master Servicer will not waive any Prepayment Charge unless it is waived in accordance with the standard set forth in Section 3.01; and
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(xi) The Master Servicer is a member of MERS in good standing, and will comply in all material respects with the rules and procedures of MERS in connection with the servicing of the Mortgage Loans that are registered with MERS.
It is understood and agreed that the representations, warranties and covenants set forth in this Section 2.03(a) shall survive the execution and delivery of this Agreement, and shall inure to the benefit of the Depositor, the Trustee, the Certificate Insurer and the Certificateholders. Upon discovery by the Depositor, the Trustee, the Certificate Insurer or the Master Servicer of a breach of any of the foregoing representations, warranties and covenants that materially and adversely affects the interests of the Depositor, the Certificate Insurer or the Trustee, the party discovering such breach shall give prompt written notice to the other parties. Notwithstanding the foregoing, within 90 days of the earlier of discovery by the Master Servicer or receipt of notice by the Master Servicer of the breach of the covenant of the Master Servicer set forth in Section 2.03(a)(x) above which materially and adversely affects the interests of the Holders of the Class P Certificates in any Prepayment Charge, the Master Servicer shall remedy such breach as follows: the Master Servicer shall pay the amount of such waived Prepayment Charge, for the benefit of the Holders of the Class P Certificates, by depositing such amount into the Custodial Account (net of any amount actually collected by the Master Servicer in respect of such Prepayment Charge and remitted by the Master Servicer, for the benefit of the Holders of the Class P Certificates, in respect of such Prepayment Charge, into the Custodial Account). The foregoing shall not, however, limit any remedies available to the Certificateholders, the Depositor, the Certificate Insurer or the Trustee on behalf of the Certificateholders, pursuant to the Mortgage Loan Purchase Agreement respecting a breach of any of the representations, warranties and covenants contained in the Mortgage Loan Purchase Agreement.
(b) The Depositor hereby represents and warrants to the Master Servicer and the Trustee for the benefit of Certificateholders and the Certificate Insurer that as of the Closing Date, the representations and warranties of the Sponsor with respect to the Mortgage Loans and the remedies therefor that are contained in the Mortgage Loan Purchase Agreement are as set forth in Exhibit I hereto.
It is understood and agreed that the representations and warranties set forth in this Section 2.03(b) shall survive delivery of the respective Mortgage Files to the Trustee.
Upon discovery by either the Depositor, the Master Servicer, the Certificate Insurer or the Trustee of a breach of any representation or warranty set forth in this Section 2.03 which materially and adversely affects the interests of the Certificateholders or the Certificate Insurer in any Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties.
Section 2.04. Representations and Warranties of the Sponsor.
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The Depositor hereby assigns to the Trustee for the benefit of Certificateholders and the Certificate Insurer all of its rights (but none of its obligations) in, to and under the Mortgage Loan Purchase Agreement. Insofar as the Mortgage Loan Purchase Agreement relates to such representations and warranties and any remedies provided thereunder for any breach of such representations and warranties, such right, title and interest may be enforced by the Trustee on behalf of the Certificateholders. Upon the discovery by the Depositor, the Master Servicer, the Certificate Insurer or the Trustee of a breach of any of the representations and warranties made in the Mortgage Loan Purchase Agreement in respect of any Mortgage Loan which materially and adversely affects the interests of the Certificateholders or the Certificate Insurer in such Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties. The Trustee shall promptly notify the Sponsor of such breach and request that the Sponsor shall, within 90 days from the date that the Sponsor was notified or otherwise obtained knowledge of such breach, either (i) cure such breach in all material respects or (ii) purchase such Mortgage Loan from the Trust Fund at the Purchase Price and in the manner set forth in Section 2.02; provided that if such breach would cause the Mortgage Loan to be other than a “qualified mortgage” as defined in Section 860G(a)(3) of the Code, any such cure or repurchase must occur within 90 days from the date such breach was discovered. However, in the case of a breach under the Mortgage Loan Purchase Agreement, subject to the approval of the Depositor the Sponsor shall have the option to substitute a Qualified Substitute Mortgage Loan or Loans for such Mortgage Loan if such substitution occurs within two years following the Closing Date, except that if the breach would cause the Mortgage Loan to be other than a “qualified mortgage” as defined in Section 860G(a)(3) of the Code, any such substitution must occur within 90 days from the date the breach was discovered if such 90 day period expires before two years following the Closing Date. In the event that the Sponsor elects to substitute a Qualified Substitute Mortgage Loan or Loans for a Deleted Mortgage Loan pursuant to this Section 2.04, the Trustee shall enforce the obligation of the Sponsor under the Mortgage Loan Purchase Agreement to deliver to the Trustee and the Master Servicer, as appropriate, with respect to such Qualified Substitute Mortgage Loan or Loans, the original Mortgage Note, the Mortgage, an Assignment of the Mortgage in recordable form, and such other documents and agreements as are required by Section 2.01, with the Mortgage Note endorsed as required by Section 2.01. No substitution will be made in any calendar month after the Determination Date for such month. Monthly Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution, to the extent received by the Master Servicer or any Sub-Servicer, shall not be part of the Trust Fund and will be retained by the Master Servicer and remitted by the Master Servicer to the Sponsor on the next succeeding Distribution Date. For the month of substitution, distributions to Certificateholders will include the Monthly Payment due on a Deleted Mortgage Loan for such month and thereafter the Sponsor shall be entitled to retain all amounts received in respect of such Deleted Mortgage Loan. The Depositor shall amend or cause to be amended the Mortgage Loan Schedule for the benefit of the Certificateholders and the Certificate Insurer to reflect the removal of such Deleted Mortgage Loan and the substitution of the Qualified Substitute Mortgage Loan or Loans and the Depositor shall deliver the amended Mortgage Loan Schedule to the Trustee. Upon such substitution, the Qualified Substitute Mortgage Loan or Loans shall be subject to the terms of this Agreement in all respects, the Sponsor shall be deemed to have made the representations and warranties with respect to the Qualified Substitute Mortgage Loan contained in the Mortgage Loan Purchase Agreement as of the date of substitution, and the Depositor shall be deemed to have made with respect to any Qualified Substitute Mortgage Loan or Loans, as of the date of substitution, the non-statistical representations and warranties set forth in Exhibit I hereof.
In connection with the substitution of one or more Qualified Substitute Mortgage Loans for one or more Deleted Mortgage Loans, the Master Servicer will determine the amount (the “Substitution Adjustment”), if any, by which the aggregate principal balance of all such Qualified Substitute Mortgage Loans as of the date of substitution is less than the aggregate Stated Principal Balance of all such Deleted Mortgage Loans (in each case after application of the principal portion of the Monthly Payments due in the month of substitution that are to be distributed to Certificateholders in the month of substitution). The Trustee shall enforce the obligation of the Sponsor under the Mortgage Loan Purchase Agreement to provide the Master Servicer on the day of substitution for immediate deposit into the Custodial Account the amount of such shortfall, without any reimbursement therefor. In accordance with the Mortgage Loan Purchase Agreement, the Sponsor shall give notice in writing to the Trustee of such event, which notice shall be accompanied by an Officers’ Certificate as to the calculation of such shortfall and by an Opinion of Counsel to the effect that such substitution will not cause (a) any federal tax to be imposed on REMIC 1, REMIC 2 or REMIC 3, including without limitation, any federal tax imposed on “prohibited transactions” under Section 860F(a)(1) of the Code or on “contributions after the startup date” under Section 860G(d)(1) of the Code or (b) any of REMIC 1, REMIC 2 or REMIC 3 to fail to qualify as a REMIC at any time that any Certificate is outstanding. The costs of any substitution as described above, including any related assignments, opinions or other documentation in connection therewith shall be borne by the Sponsor.
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Except as expressly set forth herein none of the Trustee or the Master Servicer is under any obligation to discover any breach of the above-mentioned representations and warranties. It is understood and agreed that the obligation of the Sponsor to cure such breach, purchase or to substitute for such Mortgage Loan as to which such a breach has occurred and is continuing shall constitute the sole remedy respecting such breach available to Certificateholders or the Trustee on behalf of Certificateholders.
Section 2.05. Issuance of Certificates; Conveyance of REMIC Regular Interests and Acceptance of REMIC 2 and REMIC 3 by the Trustee.
(a) The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery to it of the Mortgage Files, subject to the provisions of Sections 2.01 and 2.02, together with the assignment to it of all other assets included in the Trust Fund, receipt of which is hereby acknowledged. Concurrently with such assignment and delivery and in exchange therefor, the Trustee, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, authenticated and delivered to or upon the order of the Depositor, the Certificates in authorized denominations. The interests evidenced by the Certificates, constitute the entire beneficial ownership interest in the Trust Fund.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC 1 Regular Interests for the benefit of the holders of the REMIC 2 Regular Interests and Holders of the Class R Certificates (in respect of the Class R-2 Interest). The Trustee acknowledges receipt of the REMIC 1 Regular Interests (which are uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC 2 Regular Interests and Holders of the Class R Certificates (in respect of the Class R-2 Interest). The interests evidenced by the Class R-2 Interest, together with the REMIC 2 Regular Interests, constitute the entire beneficial ownership interest in REMIC 2.
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(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC 2 Regular Interests for the benefit of the holders of the REMIC 3 Regular Interests and Holders of the Class R Certificates (in respect of the Class R-3 Interest). The Trustee acknowledges receipt of the REMIC 2 Regular Interests (which are uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC 3 Regular Interests and Holders of the Class R Certificates (in respect of the Class R-3 Interest). The interests evidenced by the Class R-3 Interest, together with the REMIC 3 Regular Interests, constitute the entire beneficial ownership interest in REMIC 3.
(d) In exchange for the REMIC 2 Regular Interests and, concurrently with the assignment to the Trustee thereof, pursuant to the written request of the Depositor executed by an officer of the Depositor, the Trustee has executed, authenticated and delivered to or upon the order of the Depositor, the Regular Certificates in authorized denominations evidencing (together with the Class R-3 Interest and the Class IO Interest) the entire beneficial ownership interest in REMIC 3.
(e) Concurrently with (i) the assignment and delivery to the Trustee of REMIC 1 (including the Residual Interest therein represented by the Class R-1 Interest) and the acceptance by the Trustee thereof, (ii) the assignment and delivery to the Trustee of REMIC 2 (including the Residual Interest therein represented by the Class R-2 Interest), and (iii) the assignment and delivery to the Trustee of REMIC 3 (including the Residual Interest therein represented by the Class R-3 Interest), and the acceptance by the Trustee thereof, the Trustee, from and pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, authenticated and delivered to or upon the order of the Depositor, the Class R Certificates in authorized denominations evidencing the Class R-1 Interest, Class R-2 Interest and Class R-3 Interest.
Section 2.06. Purposes and Powers of the Trust.
The purpose of the common law trust, as created hereunder, is to engage in the following activities:
(a) acquire and hold the Mortgage Loans and the other assets of the Trust Fund and the proceeds therefrom;
(b) to issue the Certificates sold to the Depositor in exchange for the Mortgage Loans;
(c) to make payments on the Certificates;
(d) to engage in those activities that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and
(e) subject to compliance with this Agreement, to engage in such other activities as may be required in connection with conservation of the Trust Fund and the making of distributions to the Certificateholders.
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The trust is hereby authorized to engage in the foregoing activities. The Trustee shall not knowingly and explicitly cause the trust to engage in any activity other than in connection with the foregoing or other than as required or authorized by the terms of this Agreement while any Certificate is outstanding, and this Section 2.06 may not be amended, without the consent of the Certificateholders evidencing 51% or more of the aggregate voting rights of the Certificates and the Certificate Insurer.
Section 2.07. Conveyance of Subsequent Mortgage Loans.
(a) Subject to the conditions set forth in paragraph (b) below, in consideration of the Trustee’s delivery on the Subsequent Transfer Dates to or upon the order of the Depositor of all or a portion of the balance of funds in the Pre-Funding Account, the Depositor shall on any Subsequent Transfer Date sell, transfer, assign, set over and convey without recourse to the Trustee for the benefit of the Trust Fund but subject to the other terms and provisions of this Agreement all of the right, title and interest of the Depositor in and to (i) the Subsequent Mortgage Loans identified on the Mortgage Loan Schedule attached to the related Subsequent Transfer Instrument delivered by the Depositor on such Subsequent Transfer Date, (ii) principal due and interest accruing on the Subsequent Mortgage Loans after the related Subsequent Cut-off Date and (iii) all items with respect to such Subsequent Mortgage Loans to be delivered pursuant to Section 2.01 and the other items in the related Mortgage Files; provided, however, that the Depositor reserves and retains all right, title and interest in and to principal due and interest accruing on the Subsequent Mortgage Loans prior to the related Subsequent Cut-off Date. The transfer and delivery to the Trustee for deposit in the Mortgage Pool by the Depositor of the Subsequent Mortgage Loans identified on the Mortgage Loan Schedule attached to the related Subsequent Transfer Agreement shall be absolute and is intended by the Depositor, the Master Servicer, the Trustee and the Certificateholders to constitute and to be treated as a sale of the Subsequent Mortgage Loans by the Depositor to the Trust Fund. The related Mortgage File for each Subsequent Mortgage Loan shall be delivered to the Trustee at least three Business Days prior to the related Subsequent Transfer Date.
The purchase price paid by the Trustee from amounts released from the Pre-Funding Account shall be one-hundred percent (100%) of the aggregate Stated Principal Balance of the Subsequent Mortgage Loans so transferred (as identified on the Mortgage Loan Schedule provided by the Depositor). This Agreement shall constitute a fixed-price purchase contract in accordance with Section 860G(a)(3)(A)(ii) of the Code.
(b) The Depositor shall transfer and deliver to the Trustee for deposit in the Trust the Subsequent Mortgage Loans and the other property and rights related thereto as described in paragraph (a) above, and the Trustee shall release funds from the Pre-Funding Account only upon the satisfaction of each of the following conditions on or prior to the related Subsequent Transfer Date:
(i) the Depositor shall have provided the Trustee with a timely Addition Notice;
(ii) the Depositor shall have delivered to the Trustee a duly executed Subsequent Transfer Instrument, which shall include a Mortgage Loan Schedule listing the Subsequent Mortgage Loans, and the Master Servicer, in its capacity as Sponsor, shall have delivered a computer file containing such Mortgage Loan Schedule to the Trustee and each Rating Agency at least three Business Days prior to the related Subsequent Transfer Date;
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(iii) as of each Subsequent Transfer Date, as evidenced by delivery of the Subsequent Transfer Instrument, substantially in the form of Exhibit S, the Depostior shall not be insolvent nor shall it have been rendered insolvent by such transfer nor shall it be aware of any pending insolvency;
(iv) such sale and transfer shall not result in a material adverse tax consequence to the Trust Fund or the Certificateholders;
(v) the Funding Period shall not have terminated;
(vi) the Depositor shall not have selected the Subsequent Mortgage Loans in a manner that it believed to be adverse to the interests of the Certificateholders or the Certificate Insurer;
(vii) the Depositor shall have delivered to the Trustee a Subsequent Transfer Instrument confirming the satisfaction of the conditions specified in this Section 2.07 and, pursuant to the Subsequent Transfer Instrument, assigned to the Trustee without recourse for the benefit of the Certificateholders and the Certificate Insurer all the right, title and interest of the Depositor, in, to and under the Subsequent Mortgage Loan Purchase Agreement, to the extent of the Subsequent Mortgage Loans; and
(viii) the Depositor shall have delivered to the Trustee, the Certificate Insurer and the Underwriters an Opinion of Counsel addressed to the Trustee and the Rating Agencies with respect to the transfer of the Subsequent Mortgage Loans substantially in the form of the Opinion of Counsel delivered to the Trustee on the Closing Date regarding the true sale of the Mortgage Loans.
(c) The obligation of the Trust Fund to purchase a Subsequent Mortgage Loan on any Subsequent Transfer Date is subject to the satisfaction of the conditions set forth in paragraph (d) below and the accuracy of the following representations and warranties with respect to such Subsequent Mortgage Loan determined as of the related Subsequent Cut-off Date:
(i) the Subsequent Mortgage Loan may not be 30 or more days Delinquent as of the related Subsequent Cut-off Date; provided, however that the Subsequent Mortgage Loans may have a first payment date occurring on or after the Subsequent Cut-off Date and, therefore, such Subsequent Mortgage Loans could not have been delinquent as of the Subsequent Cut-off Date;
(ii) the original term to stated maturity of the Subsequent Mortgage Loan will be 360 months from its first payment date;
(iii) the Subsequent Mortgage Loan must be an adjustable-rate, residential mortgage loan with a first lien on the related Mortgaged Property;
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(iv) the Subsequent Mortgage Loan must have a first payment date occurring prior to September 2, 2007;
(v) the Subsequent Mortgage Loan must have a maturity date no later than August 1, 2037;
(vi) no Subsequent Mortgage Loan will be a buy-down loan or a New York State “high cost loan”;
(vii) the Subsequent Mortgage Loan must have a credit score of not less than 600;
(viii) the Subsequent Mortgage Loan must have a Mortgage Rate as of the applicable Subsequent Cut-off Date ranging from 5.000% per annum to 15.000% per annum; and
(ix) the Subsequent Mortgage Loan will have been underwritten in accordance with the criteria set forth under “The Mortgage Pool—Underwriting Standards” in the Prospectus Supplement.
(d) As of the related Subsequent Cut-off Date, each group of Subsequent Mortgage Loans will satisfy the following criteria: (i) have a weighted average Mortgage Rate ranging from 6.500% to 8.000% per annum; (ii) consist of Mortgage Loans with prepayment charges representing no less than approximately 50.00% of such Subsequent Mortgage Loans; (iii) have a weighted average credit score ranging from 680 to 720; (iv) have no more than 60.00% and 40.00% of such Mortgage Loans concentrated in the state of California and Florida, respectively; (v) have no less than 65.00% of the Mortgaged Properties securing Mortgage Loans be owner occupied; (vi) have no less than 65.00% of the Mortgaged Properties securing Mortgage Loans be single family detached and de minimis planned unit developments; (vii) have no more than 40.00% of the Mortgage Loans be cash-out refinance; (viii) have any of such group of Subsequent Mortgage Loans with a Loan-to-Value Ratio greater than 80% be covered by a Primary Insurance Policy or the Radian Lender-Paid PMI Policy; (ix) have no more than 78.00% of the Mortgage Loans be Mortgage Loans with an interest only period; and (x) together with the Mortgage Loans already included in the Trust, have no more than 5.00% of such Mortgage Loans (by aggregate Stated Principal Balance as of the Subsequent Cut-off Date) secured by Mortgaged Properties located in any one zip code.
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(e) Notwithstanding the foregoing, any Subsequent Mortgage Loan may be rejected by any Rating Agency if the inclusion of any such Subsequent Mortgage Loan would adversely affect the ratings of any class of Certificates without, in the case of the Class AM Certificates, taking the Policy into account. In addition, minor variances from the characteristics stated in clauses (c) and (d) above will be permitted with the consent of the Rating Agencies and the Certificate Insurer so long as there are compensating factors. At least one Business Day prior to the related Subsequent Transfer Date, the Depositor shall obtain confirmation from each Rating Agency which Subsequent Mortgage Loans, if any, shall not be included in the transfer on the related Subsequent Transfer Date and deliver such confirmation to the Trustee and the Master Servicer; provided, however, that the Master Servicer, in its capacity as Sponsor, shall have delivered to each Rating Agency at least three Business Days prior to such Subsequent Transfer Date a computer file reasonably acceptable to each Rating Agency describing the characteristics specified in paragraphs (c) and (d) above.
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ARTICLE III
ADMINISTRATION AND SERVICING
OF THE MORTGAGE LOANS
Section 3.01. Master Servicer to Act as Master Servicer.
The Master Servicer shall supervise, or take such actions as are necessary to ensure, the servicing and administration of the Mortgage Loans and any REO Property in accordance with this Agreement and its normal servicing practices, which generally shall conform to the standards (i) of the Servicing Guide, if Impac Funding Corporation is Master Servicer, or (ii) if Impac Funding Corporation is not the Master Servicer, of an institution prudently servicing mortgage loans for its own account and shall have full authority to do anything it reasonably deems appropriate or desirable in connection with such servicing and administration. To the extent consistent with the foregoing, the Master Servicer shall waive (or permit a Sub-Servicer to waive) a Prepayment Charge only if such waiver would maximize recovery of total proceeds taking into account the value of such Prepayment Charge and related Mortgage Loan and doing so is standard and customary in servicing mortgage loans similar to the Mortgage Loans (including any waiver of a Prepayment Charge in connection with a refinancing of a Mortgage Loan that is related to a default or a reasonably foreseeable default), and in no event will it waive a Prepayment Charge in connection with a refinancing of a Mortgage Loan that is not related to a default or a reasonably foreseeable default.
The Master Servicer may perform its responsibilities relating to servicing through other agents or independent contractors, but shall not thereby be released from any of its responsibilities as hereinafter set forth. The authority of the Master Servicer, in its capacity as master servicer, and any Sub-Servicer acting on its behalf, shall include, without limitation, the power to (i) consult with and advise any Sub-Servicer regarding administration of a related Mortgage Loan, (ii) approve any recommendation by a Sub-Servicer to foreclose on a related Mortgage Loan, (iii) supervise the filing and collection of insurance claims and take or cause to be taken such actions on behalf of the insured Person thereunder as shall be reasonably necessary to prevent the denial of coverage thereunder, and (iv) effectuate foreclosure or other conversion of the ownership of the Mortgaged Property securing a related Mortgage Loan, including the employment of attorneys, the institution of legal proceedings, the collection of deficiency judgments, the acceptance of compromise proposals, the filing of claims under any Insurance Policy and any other matter pertaining to a Delinquent Mortgage Loan. The authority of the Master Servicer shall include, in addition, the power on behalf of the Certificateholders, the Trustee or any of them to (i) execute and deliver customary consents or waivers and other instruments and documents, (ii) consent to transfer of any related Mortgaged Property and assumptions of the related Mortgage Notes and Security Instruments (in the manner provided in this Agreement) and (iii) collect any Insurance Proceeds and Liquidation Proceeds. If permitted under applicable law without prejudicing any rights of the Trust Fund with respect to any Mortgage Loan, the Master Servicer, with such documentation as local law requires, acting in its own name, may pursue claims on behalf of the Trust Fund. Without limiting the generality of the foregoing, the Master Servicer and any Sub-Servicer acting on its behalf may, and is hereby authorized, and empowered by the Trustee to, execute and deliver, on behalf of itself, the Certificateholders or the Trustee or any of them, any instruments of satisfaction, cancellation, partial or full release, discharge and all other comparable instruments, with respect to the Mortgage Loans, the Insurance Policies and the accounts related thereto, and the Mortgaged Properties. The Master Servicer may exercise this power in its own name or in the name of a Sub-Servicer.
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Subject to Section 3.16, the Trustee shall execute, at the written request of the Master Servicer, and furnish to the Master Servicer and any Sub-Servicer such documents as are necessary or appropriate to enable the Master Servicer or any Sub-Servicer to carry out their servicing and administrative duties hereunder, and the Trustee hereby grants to the Master Servicer a power of attorney to carry out such duties. The Trustee shall not be liable for the actions of the Master Servicer or any Sub-Servicers under such powers of attorney.
In accordance with the standards of the preceding paragraph, the Master Servicer shall advance or cause to be advanced funds as necessary for the purpose of effecting the payment of taxes and assessments on the Mortgaged Properties, which advances shall be reimbursable from related collections from the Mortgagors pursuant to Section 3.09, and further as provided in Section 3.11; provided that the Master Servicer shall not be obligated to make such advance if, in its reasonable good faith judgment, the Master Servicer determines that such advance is a Nonrecoverable Advance.
The Master Servicer is authorized and empowered by the Trustee, on behalf of the Certificateholders and the Trustee, in its own name or in the name of any Sub-Servicer, when the Master Servicer or such Sub-Servicer, as the case may be, believes it is appropriate in its best judgment to register any Mortgage Loan on the MERS® System, or cause the removal from the registration of any Mortgage Loan on the MERS® System, to execute and deliver, on behalf of the Trustee and the Certificateholders or any of them, any and all instruments of assignment and other comparable instruments with respect to such assignment or re-recording of a Mortgage in the name of MERS, solely as nominee for the Trustee and its successors and assigns. Any expenses incurred in connection with the actions described in the preceding sentence shall be borne by the Master Servicer in accordance with Section 3.17, with no right of reimbursement; provided, that if, as a result of MERS discontinuing or becoming unable to continue operations in connection with the MERS System, it becomes necessary to remove any Mortgage Loan from registration on the MERS System and to arrange for the assignment of the related Mortgages to the Trustee, then any related expenses shall be reimbursable to the Master Servicer from the Trust Fund.
Notwithstanding anything in this Agreement to the contrary, the Master Servicer shall not (unless the Mortgagor is in default with respect to the Mortgage Loan or such default is, in the judgment of the Master Servicer, reasonably foreseeable) make or permit any modification, waiver or amendment of any term of any Mortgage Loan that would (i) effect an exchange or reissuance of such Mortgage Loan under Section 1001 of the Code (or Treasury regulations promulgated thereunder) or (ii) cause any of REMIC 1, REMIC 2 or REMIC 3 to fail to qualify as a REMIC under the Code or become subject to the imposition of any tax on “prohibited transactions” or “contributions” after the startup date under the REMIC Provisions.
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The relationship of the Master Servicer (and of any successor to the Master Servicer under this Agreement) to the Trustee under this Agreement is intended by the parties to be that of an independent contractor and not that of a joint venturer, partner or agent.
Section 3.02. Sub-Servicing Agreements Between Master Servicer and Sub-Servicers.
(a) The Master Servicer may enter into Sub-Servicing Agreements with Sub-Servicers for the servicing and administration of the Mortgage Loans and for the performance of any and all other activities of the Master Servicer hereunder; provided, however, that such agreements would not result in a withdrawal or a downgrading by Standard & Poor's of its rating on any Class of Certificates. Each Sub-Servicer shall be either (i) an institution, the accounts of which are insured by the FDIC or (ii) another entity that engages in the business of originating or servicing mortgage loans comparable to the Mortgage Loans, and in either case shall be a Freddie Mac or Fannie Mae approved mortgage servicer and shall be authorized to transact business in the state or states in which the related Mortgaged Properties it is to service are situated, if and to the extent required by applicable law to enable the Sub-Servicer to perform its obligations hereunder and under the Sub-Servicing Agreement. Any Sub-Servicing Agreement entered into by the Master Servicer shall include the provision that such Agreement may be immediately terminated (x) with cause and without any termination fee by any Master Servicer hereunder or (y) without cause in which case the Master Servicer shall be responsible for any termination fee or penalty resulting therefrom. In addition, each Sub-Servicing Agreement shall provide for servicing of the Mortgage Loans consistent with the terms of this Agreement. The Master Servicer and the Sub-Servicers may enter into Sub-Servicing Agreements and make amendments to the Sub-Servicing Agreements or enter into different forms of Sub-Servicing Agreements providing for, among other things, the delegation by the Master Servicer to a Sub-Servicer of additional duties regarding the administration of the Mortgage Loans; provided, however, that any such amendments or different forms shall be consistent with and not violate the provisions of this Agreement, and that no such amendment or different form shall be made or entered into which could be reasonably expected to be materially adverse to the interests of the Certificate Insurer or Certificateholders, without the consent of the Certificate Insurer or the Holders of Certificates entitled to at least 51% of the Voting Rights. The parties hereto acknowledge that the initial Sub-Servicer shall be Countrywide.
The Master Servicer has entered into a separate Sub-Servicing Agreement with Countrywide for the servicing and administration of certain of the Mortgage Loans and may enter into additional Sub-Servicing Agreements with other Sub-Servicers for the servicing and administration of certain of the Mortgage Loans.
(b) As part of its servicing activities hereunder, the Master Servicer, for the benefit of the Trustee, the Certificate Insurer and the Certificateholders, shall enforce the obligations of each Sub-Servicer under the related Sub-Servicing Agreement. The Certificate Insurer may direct the Master Servicer to enforce any remedies against a defaulting Sub-Servicer. Such enforcement, including, without limitation, the legal prosecution of claims, termination of Sub-Servicing Agreements and the pursuit of other appropriate remedies, shall be in such form and carried out to such an extent and at such time as the Master Servicer, in its good faith business judgment, would require were it the owner of the Mortgage Loans. The Master Servicer shall pay the costs of such enforcement at its own expense, but shall be reimbursed therefor only (i) from a general recovery resulting from such enforcement only to the extent, if any, that such recovery exceeds all amounts due in respect of the Mortgage Loan or (ii) from a specific recovery of costs, expenses or attorneys' fees against the party against whom such enforcement is directed.
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(c) [Reserved].
(d) The Master Servicer represents that it will cause any Sub-Servicer to accurately and fully report its borrower credit files to all three credit repositories in a timely manner.
Section 3.03. Successor Sub-Servicers.
The Master Servicer shall be entitled to terminate any Sub-Servicing Agreement and the rights and obligations of any Sub-Servicer pursuant to any Sub-Servicing Agreement in accordance with the terms and conditions of such Sub-Servicing Agreement. In the event of termination of any Sub-Servicer, all servicing obligations of such Sub-Servicer shall be assumed simultaneously by the Master Servicer without any act or deed on the part of such Sub-Servicer or the Master Servicer, and the Master Servicer either shall directly service the Mortgage Loans or shall enter into a Sub-Servicing Agreement with a successor Sub-Servicer which qualifies under Section 3.02.
Section 3.04. Liability of the Master Servicer.
Notwithstanding any Sub-Servicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Master Servicer and a Sub-Servicer or reference to actions taken through a Sub-Servicer or otherwise, the Master Servicer shall under all circumstances remain obligated and primarily liable to the Trustee, the Certificate Insurer and Certificateholders for the servicing and administering of the Mortgage Loans and any REO Property in accordance with the provisions of Article III without diminution of such obligation or liability by virtue of such Sub-Servicing Agreements or arrangements or by virtue of indemnification from the Sub-Servicer and to the same extent and under the same terms and conditions as if the Master Servicer alone were servicing and administering the Mortgage Loans. For purposes of this Agreement, the Master Servicer shall be deemed to have received payments on Mortgage Loans when the Sub-Servicer has received such payments. The Master Servicer shall be entitled to enter into any agreement with a Sub-Servicer for indemnification of the Master Servicer by such Sub-Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification.
Section 3.05. No Contractual Relationship Between Sub-Servicers and Trustee or Certificateholders.
Any Sub-Servicing Agreement that may be entered into and any transactions or services relating to the Mortgage Loans involving a Sub-Servicer in its capacity as such and not as an originator shall be deemed to be between the Sub-Servicer and the Master Servicer alone, and the Trustee and Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Sub-Servicer except as set forth in Section 3.06, 3.17 and 4.03. The Master Servicer (or Sub-Servicers) shall be liable for the payment of any franchise taxes which may be assessed by the California Franchise Tax Board in connection with the activities of the Trust under this Agreement.
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Section 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.
(a) If the Trustee or its designee shall assume the master servicing obligations of the Master Servicer in accordance with Section 7.02 below, the Trustee, to the extent necessary to permit the Trustee to carry out the provisions of Section 7.02 with respect to the Mortgage Loans, shall succeed to all of the rights and obligations of the Master Servicer under each of the Sub-Servicing Agreements. In such event, the Trustee or its designee as the successor master servicer shall be deemed to have assumed all of the Master Servicer's rights and obligations therein and to have replaced the Master Servicer as a party to such Sub-Servicing Agreements to the same extent as if such Sub-Servicing Agreements had been assigned to the Trustee or its designee as a successor master servicer, except that the Trustee or its designee as a successor master servicer shall not be deemed to have assumed any obligations or liabilities of the Master Servicer arising prior to such assumption (other than the obligation to make any Advances hereunder) and the Master Servicer shall not thereby be relieved of any liability or obligations under such Sub-Servicing Agreements arising prior to such assumption. Nothing in the foregoing shall be deemed to entitle the Trustee or its designee as a successor master servicer at any time to receive any portion of the servicing compensation provided under Section 3.17 except for such portion as the Master Servicer would be entitled to receive.
(b) In the event that the Trustee or its designee as successor master servicer for the Trustee assumes the servicing obligations of the Master Servicer under Section 7.02, upon the reasonable request of the Trustee or such designee as successor master servicer the Master Servicer shall at its own expense deliver to the Trustee, or at its written request to such designee, photocopies of all documents, files and records, electronic or otherwise, relating to the Sub-Servicing Agreements and the related Mortgage Loans or REO Property then being serviced and an accounting of amounts collected and held by it, if any, and will otherwise cooperate and use its reasonable efforts to effect the orderly and efficient transfer of the Sub-Servicing Agreements, or responsibilities hereunder to the Trustee, or at its written request to such designee as successor master servicer.
Section 3.07. Collection of Certain Mortgage Loan Payments.
(a) The Master Servicer will coordinate and monitor remittances by Sub-Servicers to the Master Servicer with respect to the Mortgage Loans in accordance with this Agreement.
(b) The Master Servicer shall make reasonable efforts to collect or cause to be collected all payments required under the terms and provisions of the Mortgage Loans and shall follow, and use reasonable efforts to cause each Sub-Servicer to follow, collection procedures comparable to the collection procedures of prudent mortgage lenders servicing mortgage loans for their own account to the extent such procedures shall be consistent with this Agreement. Consistent with the foregoing, the Master Servicer may in its discretion (i) waive or permit to be waived any late payment charge, assumption fee, or any penalty interest in connection with the prepayment of a Mortgage Loan and (ii) suspend or reduce, or permit to be suspended or reduced, regular monthly payments for a period of up to six months, or arrange or permit an arrangement with a Mortgagor for a scheduled liquidation of delinquencies. In the event the Master Servicer shall consent to the deferment of the due dates for payments due on a Mortgage Note, the Master Servicer shall nonetheless make an Advance or shall cause the related Sub-Servicer to make an Advance to the same extent as if such installment were due, owing and delinquent and had not been deferred through liquidation of the Mortgaged Property; provided, however, that the obligation of the Master Servicer or related Sub-Servicer to make an Advance shall apply only to the extent that such Advances are not Nonrecoverable Advances.
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(c) On each Determination Date, with respect to each Mortgage Loan for which during the related Prepayment Period the Master Servicer has determined that all amounts which it expects to recover from or on account of each such Mortgage Loan have been recovered and that no further Liquidation Proceeds will be received in connection therewith, the Master Servicer shall provide to the Trustee a certificate of a Servicing Officer that such Mortgage Loan has become a Liquidated Mortgage Loan in a Cash Liquidation or REO Disposition.
The Master Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Mortgage Loans, and shall, to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any related Insurance Policy, follow such collection procedures as it would follow with respect to mortgage loans comparable to the Mortgage Loans and held for its own account. The Master Servicer shall not be required to institute or join in litigation with respect to collection of any payment (whether under a Mortgage, Mortgage Note, Primary Hazard Insurance Policy or otherwise or against any public or governmental authority with respect to a taking or condemnation) if it reasonably believes that it is prohibited by applicable law from enforcing the provision of the Mortgage or other instrument pursuant to which such payment is required. The Master Servicer shall be responsible for preparing and distributing all information statements relating to payments on the Mortgage Loans, in accordance with all applicable federal and state tax laws and regulations.
Section 3.08. Sub-Servicing Accounts.
In those cases where a Sub-Servicer is servicing a Mortgage Loan pursuant to a Sub-Servicing Agreement, the Sub-Servicer will be required to establish and maintain one or more accounts (collectively, the “Sub-Servicing Account”). The Sub-Servicing Account shall be an Eligible Account and shall otherwise be acceptable to the Master Servicer. All amounts held in a Sub-Servicing Account shall be held in trust for the Trustee for the benefit of the Certificateholders and the Certificate Insurer. Any investment of funds held in such an account shall be in Permitted Investments maturing not later than the Business Day immediately preceding the next Sub-Servicer Remittance Date. The Sub-Servicer will be required to deposit into the Sub-Servicing Account no later than two Business Days after receipt all proceeds of Mortgage Loans received by the Sub-Servicer, less its servicing compensation and any unreimbursed expenses and advances, to the extent permitted by the Sub-Servicing Agreement. On each Sub-Servicer Remittance Date the Sub-Servicer will be required to remit to the Master Servicer for deposit in the Custodial Account all funds held in the Sub-Servicing Account with respect to any Mortgage Loan as of the Sub-Servicer Remittance Date, after deducting from such remittance an amount equal to the servicing compensation (including interest on Permitted Investments) and unreimbursed expenses and advances to which it is then entitled pursuant to the related Sub-Servicing Agreement, to the extent not previously paid to or retained by it. In addition, on each Sub-Servicer Remittance Date the Sub-Servicer will be required to remit to the Master Servicer any amounts required to be advanced pursuant to the related Sub-Servicing Agreement. The Sub-Servicer will also be required to remit to the Master Servicer, within five Business Days of receipt, the proceeds of any Principal Prepayment made by the Mortgagor, and, on each Sub-Servicer Remittance Date, the amount of any Insurance Proceeds or Liquidation Proceeds received during the related Prepayment Period.
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Section 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts.
The Master Servicer and the Sub-Servicers shall establish and maintain one or more accounts (the “Servicing Accounts”), and shall deposit and retain therein all collections from the Mortgagors (or related advances from Sub-Servicers) for the payment of taxes, assessments, Primary Hazard Insurance Policy premiums, and comparable items for the account of the Mortgagors, to the extent that the Master Servicer customarily escrows for such amounts. Withdrawals of amounts so collected from a Servicing Account may be made only to (i) effect payment of taxes, assessments, Primary Hazard Insurance Policy premiums and comparable items; (ii) reimburse the Master Servicer (or a Sub-Servicer to the extent provided in the related Sub-Servicing Agreement) out of related collections for any payments made pursuant to Sections 3.01 (with respect to taxes and assessments), and 3.13 (with respect to Primary Hazard Insurance Policies); (iii) refund to Mortgagors any sums as may be determined to be overages; (iv) payment of investment income to the extent provided in the mortgage loan documentation or (v) clear and terminate the Servicing Account at the termination of this Agreement pursuant to Section 9.01. As part of its servicing duties, the Master Servicer or Sub-Servicers shall, if and to the extent required by law, pay to the Mortgagors interest on funds in Servicing Accounts from its or their own funds, without any reimbursement therefor.
Section 3.10. Custodial Account.
(a) The Master Servicer shall establish and maintain one or more accounts (collectively, the “Custodial Account”) in which the Master Servicer shall deposit or cause to be deposited on a daily basis, or as and when received from and identified by the Sub-Servicers, the following payments and collections received or made by or on behalf of it subsequent to the Cut-off Date with respect to the the Initial Mortgage Loans, or the related Subsequent Cut-off Date with respect to the Subsequent Mortgage Loans, or payments received by it prior to the Cut-off Date but allocable to a period subsequent thereto (other than in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date):
(i) all payments (including advances by a Sub-Servicer) on account of principal, including Principal Prepayments, on the Mortgage Loans;
(ii) all payments (including advances by a Sub-Servicer) on account of interest on the Mortgage Loans, net of any portion thereof retained by the Master Servicer or any Sub-Servicer as Servicing Fees;
(iii) all Insurance Proceeds, other than proceeds that represent reimbursement of costs and expenses incurred by the Master Servicer or any Sub-Servicer in connection with presenting claims under the related Insurance Policies, Liquidation Proceeds and REO Proceeds;
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(iv) all proceeds of any Mortgage Loan or REO Property repurchased or purchased in accordance with Sections 2.02, 2.04, 3.14, 3.27 or 9.01; and all amounts required to be deposited in connection with the substitution of a Qualified Substitute Mortgage Loan pursuant to Section 2.04; and
(v) any amounts required to be deposited pursuant to Sections 3.12, 3.13, 3.15 or 3.22.
The foregoing requirements for deposit in the Custodial Account shall be exclusive. In the event the Master Servicer shall deposit in the Custodial Account any amount not required to be deposited therein, it may withdraw such amount from the Custodial Account, any provision herein to the contrary notwithstanding. The Custodial Account shall be maintained as a segregated account, separate and apart from trust funds created for mortgage pass-through certificates of other series, and the other accounts of the Master Servicer.
(b) Funds in the Custodial Account may be invested in Permitted Investments in accordance with the provisions set forth in Section 3.12. The Master Servicer shall give notice to the Trustee and the Depositor of the location of the Custodial Account after any change thereof.
Section 3.11. Permitted Withdrawals From the Custodial Account.
The Master Servicer may, from time to time as provided herein, make withdrawals from the Custodial Account of amounts on deposit therein pursuant to Section 3.10 that are attributable to the Mortgage Loans for the following purposes:
(ii) to pay to itself, the Depositor, the Sponsor or any other appropriate person, as the case may be, with respect to each Mortgage Loan that has previously been purchased or repurchased pursuant to Sections 2.02, 2.04, 3.14, 3.27 or 9.01 all amounts received thereon and not yet distributed as of the date of purchase or repurchase;
(iii) to reimburse itself or any Sub-Servicer for Advances not previously reimbursed, the Master Servicer's or any Sub-Servicer's right to reimbursement pursuant to this clause (iii) being limited to amounts received which represent Late Collections (net of the related Servicing Fees) of Monthly Payments on Mortgage Loans with respect to which such Advances were made and as further provided in Section 3.15;
(iv) to reimburse or pay itself, the Trustee or the Depositor for expenses incurred by or reimbursable to the Master Servicer, the Trustee or the Depositor pursuant to Sections 3.22, 6.03, 8.05 or 10.01(g), except as otherwise provided in such Sections hereof;
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(v) to reimburse itself or any Sub-Servicer for costs and expenses incurred by or reimbursable to it relating to the prosecution of any claims pursuant to Section 3.13 that are in excess of the amounts so recovered;
(vi) to reimburse itself or any Sub-Servicer for unpaid Master Servicing Fees, Sub-Servicing Fees and unreimbursed Servicing Advances, the Master Servicer's or any Sub-Servicer's right to reimbursement pursuant to this clause (vi) with respect to any Mortgage Loan being limited to late recoveries of the payments for which such advances were made pursuant to Section 3.01 or Section 3.09 and any other related Late Collections and as further provided in Section 3.15;
(vii) to pay itself as servicing compensation (in addition to the Master Servicing Fee and Sub-Servicing Fee), on or after each Distribution Date, any interest or investment income earned on funds deposited in the Custodial Account for the period ending on such Distribution Date;
(viii) to reimburse itself or any Sub-Servicer for any Advance or Servicing Advance previously made, after a Realized Loss has been allocated with respect to the related Mortgage Loan if the Advance or Servicing Advance was not reimbursed pursuant to clauses (iii) and (vi);
(ix) to pay PMI Insurer the premium under the PMI Insurer Policies;
(x) to clear and terminate the Custodial Account at the termination of this Agreement pursuant to Section 9.01; and
(xi) to reimburse itself or any Sub-Servicer from general collections for any Advance or Servicing Advance made that has been deemed by the Master Servicer to be a Nonrecoverable Advance.
The Master Servicer shall keep and maintain separate accounting records on a Mortgage Loan by Mortgage Loan basis, for the purpose of justifying any withdrawal from the Custodial Account pursuant to such subclauses (ii) through (x). Reconciliations will be prepared for the Custodial Account within 45 Calendar days after the bank statement cut-off date. All items requiring reconciliation will be resolved within 90 calendar days of their original identification.
Section 3.12. Permitted Investments.
Any institution maintaining the Custodial Account shall at the direction of the Master Servicer invest the funds in such account in Permitted Investments, each of which shall not be sold or disposed of prior to its maturity, nor mature later than (i) the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trustee is the obligor thereon, or (ii) the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trustee is the obligor thereon. All income and gain realized from any such investment as well as any interest earned on deposits in the Custodial Account shall be for the benefit of the Master Servicer. The Master Servicer shall deposit in the Custodial Account an amount equal to the amount of any loss incurred in respect of any such investment immediately upon realization of such loss without right of reimbursement.
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The Trustee or its Affiliates are permitted to receive additional compensation that could be deemed to be in the Trustee’s economic self-interest for (i) serving as investment adviser, administrator, shareholder servicing agent, custodian or sub-custodian with respect to certain of the Permitted Investments, (ii) using Affiliates to effect transactions in certain Permitted Investments and (iii) effecting transactions in certain Permitted Investments.
Section 3.13. Maintenance of Primary Hazard Insurance.
The Master Servicer shall cause to be maintained for each Mortgage Loan primary hazard insurance by a Qualified Insurer or other insurer satisfactory to the Rating Agencies with extended coverage on the related Mortgaged Property in an amount equal to the lesser of (i) 100% of the replacement value of the improvements, as determined by the insurance company, on such Mortgaged Property and (ii) the unpaid principal balance of the Mortgage Loan. The Master Servicer shall also cause to be maintained on property acquired upon foreclosure, or deed in lieu of foreclosure, of any Mortgage Loan, fire insurance with extended coverage in an amount equal to the replacement value of the improvements thereon. Any costs incurred in maintaining any insurance described in this Section 3.13 (other than any deductible described in the last paragraph hereof) shall be recoverable as a Servicing Advance. The Master Servicer shall not be obligated to advance any amounts pursuant to this Section 3.13 if, in its good faith judgment, the Master Servicer determines that such advance would be a Nonrecoverable Advance. Pursuant to Section 3.10, any amounts collected by the Master Servicer under any such policies (other than amounts to be applied to the restoration or repair of the related Mortgaged Property or property thus acquired or amounts released to the Mortgagor in accordance with the Master Servicer’s normal servicing procedures) shall be deposited in the Custodial Account, subject to withdrawal pursuant to Section 3.11. Any cost incurred by the Master Servicer in maintaining any such insurance shall not, for the purpose of calculating monthly distributions to Certificateholders, be added to the amount owing under the Mortgage Loan, notwithstanding that the terms of the Mortgage Loan so permit. It is understood and agreed that no earthquake or other additional insurance is to be required of any Mortgagor or maintained on property acquired in respect of a Mortgage Loan other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance.
The Master Servicer shall, or shall cause the related Sub-Servicer to, exercise its best reasonable efforts to maintain and keep in full force and effect each Primary Insurance Policy by a Qualified Insurer, or other insurer satisfactory to the Rating Agencies, with respect to each first lien Mortgage Loan as to which as of the Cut-Off Date such a Primary Insurance Policy was in effect (or, in the case of a Qualified Substitute Mortgage Loan, the date of substitution) and the original principal amount of the related Mortgage Note exceeded 80% of the Collateral Value in an amount at least equal to the excess of such original principal amount over 75% of such Collateral Value until the principal amount of any such first lien Mortgage Loan is reduced below 80% of the Collateral Value or, based upon a new appraisal, the principal amount of such first lien Mortgage Loan represents less than 80% of the new appraised value. The Master Servicer shall, or shall cause the related Sub-Servicer to, effect the timely payment of the premium on each Primary Insurance Policy. The Master Servicer and the related Sub-Servicer shall have the power to substitute for any Primary Insurance Policy another substantially equivalent policy issued by another Qualified Insurer, provided, that, such substitution will not cause the ratings on the Certificates to be downgraded or withdrawn, as evidenced in writing from each Rating Agency.
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The Master Servicer shall cooperate with the PMI Insurer and shall use its best efforts to furnish all reasonable aid, evidence and information in the possession of the Master Servicer or to which the Master Servicer has access with respect to any PMI Mortgage Loan.
In the event of a default by PMI Insurer under the PMI Insurer Policy (a “Replacement Event”), the Master Servicer shall use its best efforts to obtain a substitute lender-paid primary mortgage insurance policy (a “Substitute PMI Policy”), with the approval of the Certificate Insurer; provided, however, that the Master Servicer shall not be obligated, and shall have no liability for failing, to obtain a Substitute PMI Policy unless such Substitute PMI Policy can be obtained on the following terms and conditions: (i) the Certificates shall be rated no lower than the rating assigned by each Rating Agency to the Certificates immediately prior to such Replacement Event, as evidenced by a letter from each Rating Agency addressed to the Depositor, the Master Servicer and the Trustee, (ii) the timing and mechanism for drawing on such new Substitute PMI Policy shall be reasonably acceptable to the Master Servicer and the Trustee and (iii) the premiums under the proposed Substitute PMI Policy shall not exceed such premiums under the existing PMI Insurer Policy.
No earthquake or other additional insurance is to be required of any Mortgagor or maintained on property acquired with respect to a security instrument other than pursuant to such applicable laws and regulations as shall at any time be in force and shall require such additional insurance. When, at the time of origination of the Mortgage Loan or at any subsequent time, the Mortgaged Property is located in a federally designated special flood hazard area, the Master Servicer shall cause with respect to the Mortgage Loans and each REO Property flood insurance (to the extent available and in accordance with mortgage servicing industry practice) to be maintained. Such flood insurance shall cover the Mortgaged Property, including all items taken into account in arriving at the Collateral Value on which the Mortgage Loan was based, and shall be in an amount equal to the lesser of (i) the Stated Principal Balance of the related Mortgage Loan and (ii) the minimum amount required under the terms of coverage to compensate for any damage or loss on a replacement cost basis, but not more than the maximum amount of such insurance available for the related Mortgaged Property under either the regular or emergency programs of the National Flood Insurance Program (assuming that the area in which such Mortgaged Property is located is participating in such program). Unless applicable state law requires a higher deductible, the deductible on such flood insurance may not exceed $5,000 in the case of a one- to four-family residence and $25,000 in the case of a condominium, cooperative or PUD.
In the event that the Master Servicer shall obtain and maintain a blanket fire insurance policy with extended coverage insuring against hazard losses on all of the Mortgage Loans, it shall conclusively be deemed to have satisfied its obligations as set forth in the first two sentences of this Section 3.13, it being understood and agreed that such policy may contain a deductible clause, in which case the Master Servicer shall, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with the first two sentences of this Section 3.13 and there shall have been a loss which would have been covered by such policy, deposit in the Certificate Account from its own funds the amount not otherwise payable under the blanket policy because of such deductible clause. Any such deposit by the Master Servicer shall be made on the Certificate Account Deposit Date next preceding the Distribution Date which occurs in the month following the month in which payments under any such policy would have been deposited in the Custodial Account. Any such deposit shall not be deemed Servicing Advances and the Master Servicer shall not be entitled to reimbursement therefor. In connection with its activities as administrator and servicer of the Mortgage Loans, the Master Servicer agrees to present, on behalf of itself, the Trustee and Certificateholders, claims under any such blanket policy.
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Section 3.14. Enforcement of Due-on-Sale Clauses; Assumption Agreements.
The Master Servicer will, to the extent it has knowledge of any conveyance or prospective conveyance by any Mortgagor of the Mortgaged Property (whether by absolute conveyance or by contract of sale, and whether or not the Mortgagor remains or is to remain liable under the Mortgage Note or the Mortgage), exercise or cause to be exercised its rights to accelerate the maturity of such Mortgage Loan under any “due-on-sale” clause applicable thereto; provided, however, that the Master Servicer shall not exercise any such rights if it reasonably believes that it is prohibited by law from doing so. The Master Servicer or the related Sub-Servicer may repurchase a Mortgage Loan at the Purchase Price when the Master Servicer requires acceleration of the Mortgage Loan, but only if the Master Servicer is satisfied, as evidenced by an Officer's Certificate delivered to the Trustee, that either (i) such Mortgage Loan is in default or default is reasonably foreseeable or (ii) if such Mortgage Loan is not in default or default is not reasonably foreseeable, such repurchase will have no adverse tax consequences for the Trust Fund or any Certificateholder. If the Master Servicer is unable to enforce such “due-on-sale” clause (as provided in the second preceding sentence) or if no “due-on-sale” clause is applicable, the Master Servicer or the Sub-Servicer is authorized to enter into an assumption and modification agreement with the Person to whom such property has been conveyed or is proposed to be conveyed, pursuant to which such Person becomes liable under the Mortgage Note and, to the extent permitted by applicable state law, the Mortgagor remains liable thereon; provided, however, that the Master Servicer shall not enter into any assumption and modification agreement if the coverage provided under the Primary Insurance Policy, if any, would be impaired by doing so. The Master Servicer shall notify the Trustee, whenever possible, before the completion of such assumption agreement, and shall forward to the Trustee the original copy of such assumption agreement, which copy shall be added by the Trustee to the related Mortgage File and which shall, for all purposes, be considered a part of such Mortgage File to the same extent as all other documents and instruments constituting a part thereof. In connection with any such assumption agreement, the interest rate on the related Mortgage Loan shall not be changed and no other material alterations in the Mortgage Loan shall be made unless such material alteration would not cause any of REMIC 1, REMIC 2 or REMIC 3 to fail to qualify as a REMIC for federal income tax purposes, as evidenced by an Opinion of Counsel, or cause any such REMIC to become subject to imposition of tax. The Master Servicer is also authorized to enter into a substitution of liability agreement with such Person, pursuant to which the original Mortgagor is released from liability and such Person is substituted as the Mortgagor and becomes liable under the Mortgage Note. Any fee collected by or on behalf of the Master Servicer for entering into an assumption or substitution of liability agreement will be retained by or on behalf of the Master Servicer as additional servicing compensation. In connection with any such assumption, no material term of the Mortgage Note (including but not limited to the Mortgage Rate, the amount of the Monthly Payment and any other term affecting the amount or timing of payment on the Mortgage Loan) may be changed. The Master Servicer shall not enter into any substitution or assumption if such substitution or assumption shall (i) constitute a “significant modification” effecting an exchange or reissuance of such Mortgage Loan under the Code (or Treasury regulations promulgated thereunder) or (ii) cause any of REMIC 1, REMIC 2 or REMIC 3 to fail to qualify as a REMIC under the REMIC Provisions or to become subject to the imposition of any tax on “prohibited transactions” or “contributions” after the Startup Day under the REMIC Provisions. The Master Servicer shall notify the Trustee that any such substitution or assumption agreement has been completed and shall forward to the Trustee the original copy of such substitution or assumption agreement, which copy shall be added to the related Mortgage File and shall, for all purposes, be considered a part of such Mortgage File to the same extent as all other documents and instruments constituting a part thereof. A portion equal to up to 2% of the Collateral Value of the related Mortgage Loan, of any fee or additional interest collected by the related Sub-Servicer for consenting in any such conveyance or entering into any such assumption agreement may be retained by the related Sub-Servicer as additional servicing compensation.
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Notwithstanding the foregoing paragraph or any other provision of this Agreement, the Master Servicer shall not be deemed to be in default, breach or any other violation of its obligations hereunder by reason of any assumption of a Mortgage Loan by operation of law or any assumption that the Master Servicer may be restricted by law from preventing, for any reason whatsoever. For purposes of this Section 3.14, the term “assumption” is deemed to also include a sale of a Mortgaged Property that is not accompanied by an assumption or substitution of liability agreement.
Section 3.15. Realization Upon Defaulted Mortgage Loans.
The Master Servicer shall exercise reasonable efforts, consistent with the procedures that the Master Servicer would use in servicing loans for its own account, to foreclose upon or otherwise comparably convert (which may include an REO Acquisition) the ownership of properties securing such of the Mortgage Loans as come into and continue in default and as to which no satisfactory arrangements can be made for collection of delinquent payments pursuant to Section 3.07, and which are not released from the Trust Fund pursuant to any other provision hereof. The Master Servicer shall use reasonable efforts to realize proceeds from such defaulted Mortgage Loans in such manner (including short sales and passing through to the Trust Fund less than the full amount it expects to receive from the related Mortgage Loan) as will maximize the receipt of principal and interest by Certificateholders, taking into account, among other things, the timing of foreclosure proceedings. The foregoing is subject to the provisions that, in any case in which Mortgaged Property shall have suffered damage from an Uninsured Cause, the Master Servicer shall not be required to expend its own funds toward the restoration of such property unless it shall determine in its sole discretion (i) that such restoration will increase the net proceeds of liquidation of the related Mortgage Loan to Certificateholders and the Certificate Insurer after reimbursement to itself for such expenses, and (ii) that such expenses will be recoverable by the Master Servicer through Insurance Proceeds or Liquidation Proceeds from the related Mortgaged Property, as contemplated in Section 3.11. The Master Servicer shall be responsible for all other costs and expenses incurred by it in any such proceedings; provided, however, that it shall be entitled to reimbursement thereof from the related property, as contemplated in Section 3.11.
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The proceeds of any Cash Liquidation or REO Disposition, as well as any recovery resulting from a partial collection of Insurance Proceeds or Liquidation Proceeds or any income from an REO Property, will be deposited into the Custodial Account and applied in the following order of priority: first, to reimburse the Master Servicer or any Sub-Servicer for any related unreimbursed Servicing Advances, pursuant to Section 3.11(vi) or 3.22; second, to accrued and unpaid interest on the Mortgage Loan or REO Imputed Interest, at the Mortgage Rate, to the date of the Cash Liquidation or REO Disposition, or to the Due Date prior to the Distribution Date on which such amounts are to be distributed if not in connection with a Cash Liquidation or REO Disposition; and third, as a recovery of principal of the Mortgage Loan. If the amount of the recovery so allocated to interest is less than a full recovery thereof, that amount will be allocated as follows: first, to unpaid Master Servicing Fees or Sub-Servicing Fees; and second, to interest at the Net Mortgage Rate. The portion of the recovery so allocated to unpaid Master Servicing Fees or Sub-Servicing Fees shall be reimbursed to the Master Servicer or any Sub-Servicer pursuant to Section 3.11(vi). The portions of the recovery so allocated to interest at the Net Mortgage Rate and to principal of the Mortgage Loan shall be applied as follows: first, to reimburse the Master Servicer or any Sub-Servicer for any related unreimbursed Advances in accordance with Section 3.11(iii) or 3.22, second, payment to the PMI Insurer in accordance with Sections 3.11(ix) and third, for payment to the Trustee and distribution to the Certificateholders in accordance with the provisions of Section 4.01, subject to Section 3.22 with respect to certain recoveries from an REO Disposition constituting Excess Proceeds. To the extent the Master Servicer receives additional recoveries following a Cash Liquidation, the amount of the Realized Loss will be restated, and the additional recoveries will be passed through the Trust Fund as Liquidation Proceeds.
The Master Servicer, on behalf of the Trust, may also, in its discretion, as an alternative to foreclosure, sell defaulted Mortgage Loans at fair market value to third-parties, if the Master Servicer reasonably believes that such sale would maximize proceeds to the Certificateholders in the aggregate (on a present value basis) with respect to that Mortgage Loan.
Section 3.16. Trustee to Cooperate; Release of Mortgage Files.
Upon the payment in full of any Mortgage Loan, or the receipt by the Master Servicer of a notification that payment in full shall be escrowed in a manner customary for such purposes, the Master Servicer will immediately notify the Trustee by a certification (which certification shall include a statement to the effect that all amounts received or to be received in connection with such payment which are required to be deposited in the Custodial Account pursuant to Section 3.10 have been or will be so deposited) of a Servicing Officer and shall request delivery to it of the Mortgage File in the form of the Request for Release attached hereto as Exhibit F-2. Upon receipt by the Trustee of such certification and request, the Trustee shall promptly release the related Mortgage File to the Master Servicer. Subject to the receipt by the Master Servicer of the proceeds of such payment in full and the payment of all related fees and expenses, the Master Servicer shall arrange for the release to the Mortgagor of the original canceled Mortgage Note. In connection with the satisfaction of any MOM Loan, the Master Servicer is authorized to cause the removal from the registration on the MERS® System of such Mortgage. All other documents in the Mortgage File shall be retained by the Master Servicer to the extent required by applicable law. The Master Servicer shall provide for preparation of the appropriate instrument of satisfaction covering any Mortgage Loan which pays in full and the Trustee shall cooperate in the execution and return of such instrument to provide for its delivery or recording as may be required. No expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Custodial Account or the Certificate Account.
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From time to time and as appropriate for the servicing or foreclosure of any Mortgage Loan, including, for this purpose, collection under any insurance policy relating to the Mortgage Loan, the Trustee shall, upon request of the Master Servicer and delivery to the Trustee of a Request for Release in the form attached hereto as Exhibit F-1, release the related Mortgage File to the Master Servicer and the Trustee shall execute such documents as the Master Servicer shall prepare and request as being necessary to the prosecution of any such proceedings. Such Request for Release shall obligate the Master Servicer to return each document previously requested from the Mortgage File to the Trustee when the need therefor by the Master Servicer no longer exists; and in any event within 21 days of the Master Servicer's receipt thereof, unless the Mortgage Loan has been liquidated and the Liquidation Proceeds relating to the Mortgage Loan have been deposited in the Custodial Account or the Mortgage File or such document has been delivered to an attorney, or to a public trustee or other public official as required by law, for purposes of initiating or pursuing legal action or other proceedings for the foreclosure of the Mortgaged Property either judicially or non-judicially, and the Master Servicer has delivered to the Trustee a certificate of a Servicing Officer certifying as to the name and address of the Person to which such Mortgage File or such document was delivered and the purpose or purposes of such delivery. Upon receipt of a Request for Release stating that such Mortgage Loan was liquidated and that all amounts received or to be received in connection with such liquidation which are required to be deposited into the Custodial Account have been or will be so deposited, or that such Mortgage Loan has become an REO Property, a copy of the Request for Release shall be released by the Trustee to the Master Servicer.
Upon written request of a Servicing Officer, the Trustee shall execute and deliver to the Master Servicer any court pleadings, requests for trustee’s sale or other documents prepared by the Master Servicer that are necessary to the foreclosure or trustee’s sale in respect of a Mortgaged Property or to any legal action brought to obtain judgment against any Mortgagor on the Mortgage Note or Mortgage or to obtain a deficiency judgment, or to enforce any other remedies or rights provided by the Mortgage Note or Mortgage or otherwise available at law or in equity. Each such request that such pleadings or documents be executed by the Trustee shall include a certification signed by a Servicing Officer as to the reason such documents or pleadings are required and that the execution and delivery thereof by the Trustee will not invalidate or otherwise affect the lien of the Mortgage, except for the termination of such a lien upon completion of the foreclosure or trustee’s sale.
Section 3.17. Servicing Compensation.
As compensation for its activities hereunder, the Master Servicer shall be entitled to withhold and retain, from deposits to the Custodial Account of amounts representing payments or recoveries of interest, the Master Servicing Fees and Sub-Servicing Fees with respect to each Mortgage Loan (less any portion of such amounts retained by any Sub-Servicer). In addition, the Master Servicer shall be entitled to recover unpaid Master Servicing Fees and Sub-Servicing Fees out of related Late Collections to the extent permitted in Section 3.11.
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Each Sub-Servicing Agreement shall permit the related Sub-Servicer to retain the Sub-Servicer Fees from collections on the related Mortgage Loans, or shall provide that the Sub-Servicer be paid directly by the Master Servicer from collections on the related Mortgage Loans. To the extent the Master Servicer directly services a Mortgage Loan, the Master Servicer shall be entitled to retain the Sub-Servicing Fees for that Mortgage Loan.
The Master Servicer also shall be entitled pursuant to Section 3.11 to receive from the Custodial Account as additional servicing compensation interest or other income earned on deposits therein, subject to Section 3.23, as well as any assumption fees, late payment charges and reconveyance fees. The Master Servicer shall not be entitled to retain any Prepayment Charges. Any Prepayment Charges identified on Exhibit H hereto as belonging to the Class P Certificateholder shall be paid to the Holders of the Class P Certificates. Any Prepayment Charges identified on Exhibit H hereto as belonging to a Sub-Servicer shall be paid to the related Sub-Servicer. The Master Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities hereunder (including payment of the premiums for any blanket policy insuring against hazard losses pursuant to Section 3.13 and servicing compensation of the Sub-Servicer to the extent not retained by it), and shall not be entitled to reimbursement therefor except as specifically provided in Section 3.11. The Master Servicing Fee may not be transferred in whole or in part except in connection with the transfer of all of the Master Servicer's responsibilities and obligations under this Agreement.
Section 3.18. Maintenance of Certain Servicing Policies.
The Master Servicer shall obtain and maintain at its own expense and shall cause each Sub-Servicer to obtain and maintain for the duration of this Agreement a blanket fidelity bond and an errors and omissions insurance policy covering the Master Servicer's and such Sub-Servicer's officers, employees and other persons acting on its behalf in connection with its activities under this Agreement. The amount of coverage shall be at least equal to the coverage maintained by the Master Servicer or Sub-Servicer in order to be acceptable to Fannie Mae or Freddie Mac to service loans for it or otherwise in an amount as is commercially available at a cost that is generally not regarded as excessive by industry standards. The Master Servicer shall promptly notify the Trustee in writing of any material change in the terms of such bond or policy. The Master Servicer shall provide annually to the Trustee a certificate of insurance that such bond and policy are in effect. If any such bond or policy ceases to be in effect, the Master Servicer shall, to the extent possible, give the Trustee ten days' notice prior to any such cessation and shall use its reasonable best efforts to obtain a comparable replacement bond or policy, as the case may be.
Section 3.19. Annual Statement as to Compliance.
Not later than March 22nd of each calendar year beginning in 2008, the Master Servicer at its own expense shall deliver to the Trustee via e-mail (DBSEC.Notifications@db.com), and shall deliver (or otherwise make available) to the Certificate Insurer, a certificate (an “Annual Statement of Compliance”) signed by a Servicing Officer stating, as to the signers thereof, that (i) a review of the activities of the Master Servicer during the preceding calendar year and of performance under this Agreement or other applicable servicing agreement has been made under such officers’ supervision, (ii) to the best of such officers’ knowledge, based on such review, the Master Servicer has fulfilled all its obligations under this Agreement or other applicable servicing agreement in all material respects for such year or portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof. Such Annual Statement of Compliance shall contain no restrictions or limitations on its use. In the event that the Master Servicer has delegated any servicing responsibilities with respect to the Mortgage Loans to a Sub-Servicer, the Master Servicer shall deliver a similar Annual Statement of Compliance by that Sub-Servicer to the Trustee and the Certificate Insurer as described above as and when required with respect to the Master Servicer.
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Failure of the Master Servicer to timely comply with this Section 3.19 shall be deemed an Event of Default, and the Trustee may, in addition to whatever rights the Trustee may have under this Agreement and at law or equity or to damages, including injunctive relief and specific performance, upon notice immediately terminate all the rights and obligations of the Master Servicer under this Agreement and in and to the Mortgage Loans and the proceeds thereof without compensating the Master Servicer for the same. This paragraph shall supersede any other provision in this Agreement or any other agreement to the contrary.
Section 3.20. Assessments of Compliance and Attestation Reports.
Pursuant to Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122(a) of Regulation AB, the Master Servicer shall deliver to the Trustee via e-mail (DBSEC.Notifications@db.com) and shall deliver (or otherwise make available) to the Certificate Insurer on or before March 22nd of each calendar year beginning in 2008, a report regarding the Master Servicer’s assessment of compliance (an “Assessment of Compliance”) with the applicable Servicing Criteria (as set forth in Exhibit N) during the preceding calendar year. The Assessment of Compliance must contain the following:
(a) A statement by such officer of its responsibility for assessing compliance with the Servicing Criteria applicable to the Master Servicer;
(b) A statement by such officer that such officer used the Servicing Criteria, and which will also be attached to the Assessment of Compliance, to assess compliance with the Servicing Criteria applicable to the Master Servicer;
(c) An assessment by such officer of the Master Servicer’s compliance with the applicable Servicing Criteria for the period consisting of the preceding calendar year, including disclosure of any material instance of noncompliance with respect thereto during such period, which assessment shall be based on the activities it performs with respect to asset-backed securities transactions taken as a whole involving the Master Servicer, that are backed by the same asset type as the Mortgage Loans;
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(d) A statement that a registered public accounting firm has issued an attestation report on the Master Servicer’s Assessment of Compliance for the period consisting of the preceding calendar year; and
(e) A statement as to which of the Servicing Criteria, if any, are not applicable to the Master Servicer, which statement shall be based on the activities it performs with respect to asset-backed securities transactions taken as a whole involving the Master Servicer, that are backed by the same asset type as the Mortgage Loans.
Such report at a minimum shall address each of the Servicing Criteria specified on Exhibit N hereto which are indicated as applicable to the Master Servicer.
On or before March 22nd of each calendar year beginning in 2008, the Master Servicer shall furnish to the Trustee and the Certificate Insurer a report (an “Attestation Report”) by a registered public accounting firm that attests to, and reports on, the Assessment of Compliance made by the Master Servicer, as required by Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122(b) of Regulation AB, which Attestation Report must be made in accordance with standards for attestation reports issued or adopted by the Public Company Accounting Oversight Board.
The Master Servicer shall cause any Sub-Servicer and each subcontractor determined by the Master Servicer to be “participating in the servicing function” within the meaning of Item 1122 of Regulation AB, to deliver to the Trustee, the Certificate Insurer and the Depositor an Assessment of Compliance and Attestation Report as and when provided above.
Such Assessment of Compliance, as to any Sub-Servicer, shall address each of the Servicing Criteria applicable to the Sub-Servicer. Notwithstanding the foregoing, as to any subcontractor determined by the Master Servicer to be “participating in the servicing function,” an Assessment of Compliance is not required to be delivered unless it is required as part of a Form 10-K with respect to the Trust Fund.
Failure of the Master Servicer to timely comply with this Section 3.20 (taking into account the cure period if permitted as set forth in the preceding paragraph) shall be deemed an Event of Default, and the Trustee may, in addition to whatever rights the Trustee may have under this Agreement and at law or equity or to damages, including injunctive relief and specific performance, give notice to Certificateholders that they have ten Business Days to object. If no such objection is received, the Trustee shall immediately terminate all the rights and obligations of the Master Servicer under this Agreement and in and to the Mortgage Loans and the proceeds thereof without compensating the Master Servicer for the same (other than as provided herein with respect to unreimbursed Advances or Servicing Advances or accrued and unpaid Servicing Fees). This paragraph shall supercede any other provision in this Agreement or any other agreement to the contrary.
The Trustee shall also provide an Assessment of Compliance (with respect to items (a) - (d) but not (e) above) and Attestation Report, as and when provided above, which shall at a minimum address each of the Servicing Criteria specified on Exhibit N hereto which are indicated as applicable to the “trustee”. Notwithstanding the foregoing, as to any trustee, an Assessment of Compliance is not required to be delivered unless it is required as part of a Form 10-K with respect to the Trust Fund.
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Section 3.21. Access to Certain Documentation.
The Master Servicer shall provide, and shall cause any Sub-Servicer to provide, to the Trustee and the Certificate Insurer, access to the documentation in their possession regarding the related Mortgage Loans and REO Properties and to the Certificateholders, the FDIC, and the supervisory agents and examiners of the FDIC (to which the Trustee shall also provide) access to the documentation regarding the related Mortgage Loans required by applicable regulations, such access being afforded without charge but only upon reasonable request and during normal business hours at the offices of the Master Servicer or the Sub-Servicers that are designated by these entities; provided, however, that, unless otherwise required by law, the Trustee, the Master Servicer or the Sub-Servicer shall not be required to provide access to such documentation if the provision thereof would violate the legal right to privacy of any Mortgagor. The Master Servicer and the Sub-Servicers shall allow representatives of the above entities to photocopy any of the documentation and shall provide equipment for that purpose at a charge that covers their own actual out-of-pocket costs. The Master Servicer shall designate a Servicing Officer to provide certain information regarding the Mortgage Loans.
Section 3.22. Title, Conservation and Disposition of REO Property.
This Section shall apply only to REO Properties acquired for the account of REMIC 1 and shall not apply to any REO Property relating to a Mortgage Loan which was purchased or repurchased from REMIC 1 pursuant to Sections 2.02, 2.04, 3.14 or 3.27. In the event that title to any such REO Property is acquired, the deed or certificate of sale shall be issued to the Trustee, or to its nominee, on behalf of the Certificateholders. The Master Servicer, on behalf of REMIC 1, shall either sell any REO Property before the close of the third taxable year following the taxable year in which REMIC 1 acquires ownership of such REO Property for purposes of Section 860G(a)(8) of the Code or, at the expense of REMIC 1, request, more than 60 days before the day on which the three-year grace period would otherwise expire an extension of the three-year grace period, unless the Master Servicer has delivered to the Trustee and the Certificate Insurer an Opinion of Counsel (which shall not be at the expense of the Trustee or the Certificate Insurer), addressed to the Trustee, the Certificate Insurer and the Master Servicer, to the effect that the holding by REMIC 1 of such REO Property subsequent to the close of the third taxable year following the taxable year in which REMIC 1 acquires ownership of such REO Property will not result in the imposition on REMIC 1 of taxes on “prohibited transactions” thereof, as defined in Section 860F of the Code, or cause any of REMIC 1, REMIC 2 or REMIC 3 to fail to qualify as a REMIC under the REMIC Provisions or comparable provisions of the laws of the State of California at any time that any Certificates are outstanding. The Master Servicer shall manage, conserve, protect and operate each REO Property for the Certificateholders solely for the purpose of its prompt disposition and sale in a manner which does not cause such REO Property to fail to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) or result in the receipt by any of REMIC 1, REMIC 2 or REMIC 3 of any “income from non-permitted assets” within the meaning of Section 860F(a)(2)(B) of the Code or any ��net income from foreclosure property” which is subject to taxation under the REMIC Provisions. Pursuant to its efforts to sell such REO Property, the Master Servicer shall either itself or through an agent selected by the Master Servicer protect and conserve such REO Property in the same manner and to such extent as is customary in the locality where such REO Property is located and may, incident to its conservation and protection of the interests of the Certificateholders, rent the same, or any part thereof, as the Master Servicer deems to be in the best interest of the Certificateholders for the period prior to the sale of such REO Property.
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Any REO Disposition shall be for cash only (unless changes in the REMIC Provisions made subsequent to the Startup Day allow a sale for other consideration).
The Master Servicer shall segregate and hold all funds collected and received in connection with the operation of any REO Property separate and apart from its own funds and general assets. The Master Servicer shall deposit, or cause to be deposited, on a daily basis in the Custodial Account all revenues received with respect to the REO Properties, net of any directly related expenses incurred or withdraw therefrom funds necessary for the proper operation, management and maintenance of the REO Property.
If as of the date of acquisition of title to any REO Property there remain outstanding unreimbursed Servicing Advances with respect to such REO Property or any outstanding Advances allocated thereto the Master Servicer, upon an REO Disposition, shall be entitled to reimbursement for any related unreimbursed Servicing Advances and any unreimbursed related Advances as well as any unpaid Master Servicing Fees or Sub-Servicing Fees from proceeds received in connection with the REO Disposition, as further provided in Section 3.15. The Master Servicer shall not be obligated to advance any amounts with respect to an REO Property if such advance would constitute a Nonrecoverable Advance.
The REO Disposition shall be carried out by the Master Servicer at such price and upon such terms and conditions as the Master Servicer shall determine.
The Master Servicer shall deposit the proceeds from the REO Disposition, net of any payment to the Master Servicer as provided above, in the Custodial Account upon receipt thereof for distribution in accordance with Section 4.01; provided, that any such net proceeds received by the Master Servicer which are in excess of the applicable Stated Principal Balance plus all unpaid REO Imputed Interest thereon through the last day of the month in which the REO Disposition occurred (“Excess Proceeds”) shall be retained by the Master Servicer as additional servicing compensation.
With respect to any Mortgage Loan as to which the Master Servicer has received notice of, or has actual knowledge of, the presence of any toxic or hazardous substance on the Mortgaged Property, the Master Servicer shall not, on behalf of the Trustee, either (i) obtain title to the related Mortgaged Property as a result of or in lieu of foreclosure or otherwise, or (ii) otherwise acquire possession of, the related Mortgaged Property, unless the Master Servicer has, at least 30 days prior to taking such action, obtained and delivered to the Trustee an environmental audit report prepared by a Person who regularly conducts environmental audits using customary industry standards. The Master Servicer shall take such action as it deems to be in the best economic interest of the Trust Fund (other than proceeding against the Mortgaged Property) and is hereby authorized at such time as it deems appropriate to release such Mortgaged Property from the lien of the related Mortgage.
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The cost of the environmental audit report contemplated by this Section 3.22 shall be advanced by the Master Servicer as an expense of the Trust Fund, and the Master Servicer shall be reimbursed therefor from the Custodial Account as provided in Section 3.11, any such right of reimbursement being prior to the rights of the Certificateholders to receive any amount in the Custodial Account.
If the Master Servicer determines, as described above, that it is in the best economic interest of the Trust Fund to take such actions as are necessary to bring any such Mortgaged Property in compliance with applicable environmental laws, or to take such action with respect to the containment, clean-up or remediation of hazardous substances, hazardous materials, hazardous wastes, or petroleum-based materials affecting any such Mortgaged Property, then the Master Servicer shall take such action as it deems to be in the best economic interest of the Trust Fund. The cost of any such compliance, containment, clean-up or remediation shall be advanced by the Master Servicer as an expense of the Trust Fund, and the Master Servicer shall be entitled to be reimbursed therefor from the Custodial Account as provided in Section 3.11, any such right of reimbursement being prior to the rights of the Certificateholders to receive any amount in the Custodial Account.
Section 3.23. Additional Obligations of the Master Servicer.
On each Certificate Account Deposit Date, the Master Servicer shall deliver to the Trustee for deposit in the Certificate Account from its own funds and without any right of reimbursement therefor, a total amount equal to the amount of Compensating Interest for the related Distribution Date.
Section 3.24. Additional Obligations of the Depositor.
The Depositor agrees that on or prior to the tenth day after the Closing Date, the Depositor shall provide or shall cause to be provided to the Trustee information, substantially in the form of Exhibit J attached hereto, relating to each Class of Certificates, setting forth (i) in the case of each Class of such Certificates, (a) if less than 10% of the aggregate Certificate Principal Balance of such Class of Certificates has been sold as of such date, the value calculated pursuant to clause (b)(iii) of Exhibit J hereto, or, (b) if 10% or more of such Class of Certificates has been sold as of such date but no single price is paid for at least 10% of the aggregate Certificate Principal Balance of such Class of Certificates, then the weighted average price at which the Certificates of such Class were sold and the aggregate percentage of Certificates of such Class sold, (c) the first single price at which at least 10% of the aggregate Certificate Principal Balance of such Class of Certificates was sold, or (d) if any Certificates of each Class of Certificates are retained by the Depositor or an affiliate corporation, or are delivered to the Sponsor, the fair market value of such Certificates as of the Closing Date, (ii) the Prepayment Assumption used in pricing the Certificates, and (iii) such other information as to matters of fact as the Trustee may reasonably request to enable it to comply with its reporting requirements with respect to each Class of such Certificates to the extent such information can in the good faith judgment of the Depositor be determined by it.
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Section 3.25. Exchange Act Reporting.
(a) The Trustee (to the extent any information requested by the Depositor is actually in the possession of the Trustee) and the Master Servicer shall fully cooperate with the Depositor in connection with the Trust’s satisfying the reporting requirements under the Exchange Act as may be requested by the Depositor pursuant to Section 3.26.
(b) (1) Within 12 calendar days after each Distribution Date, the Trustee shall, in accordance with industry standards, file with the Commission via the Electronic Data Gathering and Retrieval System (“EDGAR”), a Distribution Report on Form 10-D, signed by the Depositor, with a copy of the monthly statement to be furnished by the Trustee to the Certificateholders for such Distribution Date. Any disclosure in addition to the monthly statement required to be included on the Form 10-D (“Additional Form 10-D Disclosure”) shall be determined and prepared by the entity that is indicated in Exhibit O as the responsible party for providing that information, if other than the Trustee, and the Trustee will have no duty or liability to verify the accuracy or sufficiency of any such Additional Form 10-D Disclosure and the Trustee shall have no liability with respect to any failure to properly prepare or file such Form 10-D resulting from or relating to the Trustee’s inability or failure to obtain any information in a timely manner from the party responsible for delivery of such Additional Form 10-D Disclosure.
Within 3 calendar days after the related Distribution Date, each entity that is indicated in Exhibit O as the responsible party for providing Additional Form 10-D Disclosure shall be required to provide to the Trustee via e-mail (DBSEC.Notifications@db.com) and the Depositor and the Certificate Insurer, to the extent known by a responsible party thereof, Additional Form 10-D Disclosure, if applicable, clearly identifying which item of Form 10-D the information relates to, any. The Trustee shall compile the information provided to it, prepare the Form 10-D and forward the Form 10-D to the Depositor for verification. The Depositor will approve, as to form and substance, or disapprove, as the case may be, the Form 10-D. No later than three Business Days prior to the 10th calendar day after the related Distribution Date, an officer of the Depositor shall sign the Form 10-D and return an electronic or fax copy of such signed Form 10-D (with an original executed hard copy to follow by overnight mail) to the Trustee. The Trustee shall have no liability with respect to any failure to properly file any Form 10-D resulting from or relating to the Depositor’s failure to timely comply with the provisions of this section.
(ii) Within four (4) Business Days after the occurrence of an event requiring disclosure on Form 8-K (each such event, a “Reportable Event”), the Depositor shall prepare and file any Form 8-K, as required by the Exchange Act, in addition to the initial Form 8-K in connection with the issuance of the Certificates. Any disclosure or information related to a Reportable Event or that is otherwise required to be included on Form 8-K (“Form 8-K Disclosure Information”) shall be determined and prepared by the entity that is indicated in Exhibit O as the responsible party for providing that information.
For so long as the Trust is subject to the Exchange Act reporting requirements, no later than the end of business on the second Business Day after the occurrence of a Reportable Event, the entity that is indicated in Exhibit O as the responsible party for providing Form 8-K Disclosure Information shall be required to provide to the Depositor, to the extent known by a responsible officer thereof, the form and substance of any Form 8-K Disclosure Information, if applicable. The Depositor shall compile the information provided to it, and prepare and file the Form 8-K, which shall be signed by an officer of the Depositor.
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(iii) Prior to January 30 of the first year in which the Trustee is able to do so under applicable law, the Trustee shall, in accordance with industry standards, file a Form 15 Suspension Notice with respect to the Trust Fund, if applicable. On or before (x) March 22, 2008 and (y) unless and until a Form 15 Suspension Notice shall have been filed, on or before April 15 of each year thereafter, the Master Servicer shall provide the Trustee and the Certificate Insurer with an Annual Compliance Statement, together with a copy of the Assessment of Compliance and Attestation Report to be delivered by the Master Servicer pursuant to Sections 3.19 and 3.20 (including with respect to any Sub-Servicer or any subcontractor, if required to be filed). Prior to (x) March 30, 2008 and (y) unless and until a Form 15 Suspension Notice shall have been filed, March 30 of each year thereafter, the Trustee shall file a Form 10-K, in substance as required by applicable law or applicable Securities and Exchange Commission staff’s interpretations and conforming to industry standards, with respect to the Trust Fund. Such Form 10-K shall include the Assessment of Compliance, Attestation Report, Annual Compliance Statements and other documentation provided by the Master Servicer pursuant to Sections 3.19 and 3.20 (including with respect to any Sub-Servicer or subcontractor, if required to be filed) and Section 3.20 with respect to the Trustee, and the Form 10-K certification in the form attached hereto as Exhibit L-1 (the “Certification”) signed by the senior officer of the Depositor in charge of securitization. The Trustee shall receive the items described in the preceding sentence no later than March 22 of each calendar year prior to the filing deadline for the Form 10-K.
Any disclosure or information in addition to that described in the preceding paragraph that is required to be included on Form 10-K (“Additional Form 10-K Disclosure”) shall be determined and prepared by the entity that is indicated in Exhibit O as the responsible party for providing that information, if other than the Trustee, and the Trustee will have no duty or liability to verify the accuracy or sufficiency of any such Additional Form 10-K Disclosure.
If information, data and exhibits to be included in the Form 10-K are not so timely delivered, the Trustee shall file an amended Form 10-K including such documents as exhibits reasonably promptly after they are delivered to the Trustee. The Trustee shall have no liability with respect to any failure to properly prepare or file such periodic reports resulting from or relating to the Trustee’s inability or failure to timely obtain any information from any other party.
On or prior to (x) March 15, 2008 and (y) unless and until a Form 15 Suspension Notice shall have been filed, prior to March 15 of each year thereafter, each entity that is indicated in Exhibit O as the responsible party for providing Additional Form 10-K Disclosure shall be required to provide to the Trustee via e-mail (DBSEC.Notifications@db.com), and to the Certificate Insurer and the Depositor, to the extent known by a responsible party thereof, the form and substance of any Additional Form 10-K Disclosure Information, if applicable. The Trustee shall compile the information provided to it, prepare the Form 10-K and forward the Form 10-K to the Depositor for verification. The Depositor will approve, as to form and substance, or disapprove, as the case may be, the Form 10-K by no later than March 25 of the relevant year (or the immediately preceding Business Day if March 25 is not a Business Day), an officer of the Depositor shall sign the Form 10-K and return an electronic or fax copy of such signed Form 10-K (with an original executed hard copy to follow by overnight mail) to the Trustee.
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The Master Servicer shall be responsible for determining the pool concentration applicable to any Sub-Servicer to which the Master Servicer delegated any of its responsibilities with respect to the Mortgage Loans at any time, for purposes of disclosure as required by Items 1117 and 1119 of Regulation AB. The Trustee will provide electronic or paper copies of all Form 10-D, 8-K and 10-K filings free of charge to any Certificateholder upon request. Any expenses incurred by the Trustee in connection with the previous sentence shall be reimbursable to the Trustee out of the Trust Fund. The Trustee shall have no liability with respect to any failure to properly file any Form 10-K resulting from or relating to the Depositor’s failure to timely comply with the provisions of this section.
The Trustee shall sign a certification (in the form attached hereto as Exhibit L-3) for the benefit of the Depositor and its officers, directors and Affiliates in respect of items 1 through 3 of the Certification (provided, however, that the Trustee shall not undertake an analysis of the Attestation Report attached as an exhibit to the Form 10-K), and the Master Servicer shall sign a certification (the “Master Servicer Certification) solely with respect to the Master Servicer (in the form attached hereto as Exhibit L-2) for the benefit of the Depositor, the Trustee and each Person, if any, who “controls” the Depositor or the Trustee within the meaning of the Securities Act of 1933, as amended, and their respective officers and directors. Each such certification shall be delivered to the Depositor and the Trustee by March 15th of each year (or if not a Business Day, the immediately preceding Business Day). The Certification attached hereto as Exhibit L-1 shall be delivered to the Trustee by March 20th for filing on or prior to March 30th of each year (or if not a Business Day, the immediately preceding Business Day).
The Trustee will have no duty to verify the accuracy or sufficiency of any information not prepared by it included in any Form 10-D, Form 10-K or Form 8-K. The Trustee shall have no liability with respect to any failure to properly prepare or file any Form 10- D or Form 10-K resulting from or relating to the Trustee’s inability or failure to obtain any information in a timely manner from the party responsible for delivery of such disclosure information. The Trustee shall have no liability with respect to any failure to properly file any Form l0-D or 10-K resulting from or relating to the Depositor’s failure to timely comply with the provisions of this section. Nothing herein shall be construed to require the Trustee or any officer, director or Affiliate thereof to sign any Form 10-D, Form 10-K or Form 8-K.
(c) (A) The Trustee shall indemnify and hold harmless the Depositor, the Master Servicer and their respective officers, directors and Affiliates from and against any losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments and other costs and expenses arising out of or based upon any material misstatement or omission in the Assessment of Compliance delivered by the Trustee pursuant to Section 3.20 and (B) the Master Servicer shall indemnify and hold harmless the Depositor, the Trustee and their respective officers, directors and Affiliates from and against any actual losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments and other costs and expenses arising out of or based upon (i) the failure of the Master Servicer to timely deliver the Master Servicer Certification or (ii) any material misstatement or omission in the Statement as to Compliance delivered by the Master Servicer pursuant to Section 3.19 or any Sub-Servicer pursuant to Section 3.20, the Assessment of Compliance delivered by the Master Servicer or any Sub-Servicer pursuant to Section 3.20 or the Master Servicer Certification. If the indemnification provided for herein is unavailable or insufficient to hold harmless the Depositor, then the Master Servicer agrees that it shall contribute to the amount paid or payable by the Depositor and the Trustee as a result of the losses, claims, damages or liabilities of the Depositor and the Trustee in such proportion as is appropriate to reflect the relative fault of the Depositor and the Trustee on the one hand and the Master Servicer on the other in connection with the Master Servicer Certification and the related obligations of the Master Servicer under this Section 3.25.
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Upon any filing with the Securities and Exchange Commission, the Trustee shall promptly deliver to the Depositor a copy of any such executed report, statement or information.
Section 3.26. Intention of the Parties and Interpretation.
Each of the parties acknowledges and agrees that the purpose of Sections 3.19, 3.20 and 3.25 of this Agreement is to facilitate compliance by the Sponsor and the Depositor with the provisions of Regulation AB. Therefore, each of the parties agrees that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish that purpose, (b) the parties’ obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, interpretive advice or guidance, convention or consensus among active participants in the asset-backed securities markets, advice of counsel, or otherwise in respect of the requirements of Regulation AB, (c) the parties shall comply with requests made by the Sponsor or the Depositor for delivery of additional or different information as the Sponsor or the Depositor may determine in good faith is necessary to comply with the provisions of Regulation AB, and (d) no amendment of this Agreement shall be required to effect any such changes in the parties’ obligations as are necessary to accommodate evolving interpretations of the provisions of Regulation AB.
Section 3.27. Optional Purchase of Certain Mortgage Loans.
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The Master Servicer will have a one-time option to purchase up to a maximum of 1.00% (and in any case, at least five Mortgage Loans, not exceeding the 1.00% maximum in the aggregate) of the Mortgage Loans, by aggregate Stated Principal Balance of the Mortgage Loans as of such date, from the Trustee at the Purchase Price. Any Mortgage Loans that may be purchased by the Master Servicer pursuant to this Section 3.27 will be selected by the Master Servicer in its sole discretion. If at any time the Master Servicer makes a payment to the Certificate Account covering the amount of the Purchase Price for such a Mortgage Loan, and the Master Servicer provides to the Trustee a certification signed by a Servicing Officer stating that the amount of such payment has been deposited in the Certificate Account, then the Trustee shall execute the assignment of such Mortgage Loan at the request of the Master Servicer without recourse to the Master Servicer which shall succeed to all the Trustee’s right, title and interest in and to such Mortgage Loan, and all security and documents relative thereto. Such assignment shall be an assignment outright and not for security. The Master Servicer will thereupon own such Mortgage, and all such security and documents, free of any further obligation to the Trustee or the Certificateholders with respect thereto. Any tax on "prohibited transactions" (as defined in Section 860F(a)(2) of the Code) imposed on any REMIC relating to the exercise of the option provided in this Section 3.27 shall in no event be payable by the Trustee.
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ARTICLE IV
PAYMENTS TO CERTIFICATEHOLDERS
Section 4.01. Distributions.
(a) The Trustee shall establish and maintain a Certificate Account, in which the Master Servicer shall cause to be deposited on behalf of the Trustee on or before 5:00 P.M. New York time on each Certificate Account Deposit Date by wire transfer of immediately available funds an amount equal to the sum of (i) any Advance for the immediately succeeding Distribution Date, (ii) any amount required to be deposited in the Certificate Account pursuant to Sections 3.10, 3.13 or 3.23, (iii) all other amounts constituting the Available Distribution Amount for the immediately succeeding Distribution Date, (iv) amounts payable by the Trust to the Supplemental Interest Trust in respect of Net Swap Payments and Swap Termination Payments other than Swap Termination Payments resulting from a Swap Provider Trigger Event and (v) any amounts on deposit in the Custodial Account representing Prepayment Charges collected by the Master Servicer (and any Master Servicer Prepayment Charge Payment Amounts paid by, or collected on behalf of the Trust Fund by, the Master Servicer or any Sub-Servicer), other than any such Prepayment Charges or Master Servicer Prepayment Charge Payment Amounts relating to Principal Prepayments that occurred after the end of the related Prepayment Period.
On each Distribution Date, prior to making any other distributions referred to in Section 4.01 herein, the Trustee shall withdraw from the Certificate Account and pay itself any income earned on retention of amounts on deposit in the Certificate Account for such Distribution Date and any other amounts payable to it hereunder.
On each Distribution Date, prior to making any other distributions referred to in Section 4.01 herein, the Trustee shall withdraw from the Certificate Account and pay to the Certificate Insurer from the interest collections in the Available Distribution Amount, by wire transfer of immediately available funds, the Policy Premium for such Distribution Date. The Trustee shall deposit any amounts received from the Certificate Insurer pursuant to the Certificate Guaranty Insurance Policy into the Insurance Account.
On each Distribution Date, prior to making any other distributions referred to in Section 4.01 herein, the Trustee shall withdraw from the Class M Interest Reserve Fund, to the extent of the related Class M Interest Reserve Fund Amount, an amount equal to any Net WAC Shortfall Amounts for that Distribution Date for the Holders of the related Class M-4, Class M-5, Class M-6 and Class M-7 Certificates and shall distribute such amount to the Holders of the Class M-4, Class M-5, Class M-6 and Class M-7 Certificates. Any payments to the Holders of the Class M-4, Class M-5, Class M-6 and Class M-7 Certificates in respect of related Net WAC Shortfall Amounts pursuant to the preceding sentence shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Section 860G(a)(1) of the Code.
On each Distribution Date the Trustee shall distribute to each Certificateholder of record as of the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Trustee at least 5 Business Days prior to the related Record Date, or otherwise by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register, such Certificateholder’s share (based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder) of the amounts required to be distributed to such Holder pursuant to this Section 4.01.
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Net Swap Payments and Swap Termination Payments (other than Swap Termination Payments resulting from a Swap Provider Trigger Event) payable by the Supplemental Interest Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement shall be deducted (without duplication) from the interest collections in the Available Distribution Amount, and to the extent of any such remaining amounts due, from the principal collections in the Available Distribution Amount, prior to any distributions to the Certificateholders. On each Distribution Date, such amounts will be remitted to the Supplemental Interest Trust, first to make any Net Swap Payment owed to the Swap Provider pursuant to the Interest Rate Swap Agreement for such Distribution Date and for prior Distribution Dates, and second to make any Swap Termination Payment (not due to a Swap Provider Trigger Event) owed to the Swap Provider pursuant to the Interest Rate Swap Agreement for such Distribution Date and for prior Distribution Dates. Any Swap Termination Payment triggered by a Swap Provider Trigger Event owed to the Swap Provider pursuant to the Interest Rate Swap Agreement will be subordinated to distributions to the Holders of the Class A, Class M and Class B Certificates and shall be paid as set forth in Section 4.01(e)(vi).
(b) On each Distribution Date, the Trustee shall withdraw from the Certificate Account that portion of Available Distribution Amount for such Distribution Date consisting of the Interest Remittance Amount, if any, for such Distribution Date, and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Interest Remittance Amount for such Class for such Distribution Date:
(i) to the Holders of the Class A Certificates, pro rata based on entitlement, the Monthly Interest Distributable Amount and any Unpaid Interest Shortfall Amount for each such Class for such Distribution Date;
(ii) from the remaining Interest Remittance Amount, to the Certificate Insurer, with respect to the Class AM Certificates, in an amount equal to (i) any amounts reimbursable to the Certificate Insurer for the interest portion of any Insured Payment made pursuant to the Insurance Agreement and (ii) any unpaid Policy Premium; and
(iii) from the remaining Interest Remittance Amount, sequentially to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class B Certificates, in that order, the Monthly Interest Distributable Amount for each such Class for such Distribution Date.
(c) On each Distribution Date (i) prior to the Stepdown Date or (ii) on or after the Stepdown Date if a Trigger Event is in effect, the Trustee shall withdraw from the Certificate Account that portion of Available Distribution Amount for such Distribution Date consisting of an amount equal to the Principal Distribution Amount and distribute to the Holders of the Class A, Class M and Class B Certificates, distributions in respect of principal to the extent of the Principal Distribution Amount remaining for such Distribution Date:
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(i) concurrently on a pro rata basis, among (a) the Holders of the Class A1-A, Class A1-B and Class A1-C Certificates and (b) the Holders of the Class AM Certificates (based on (1) the aggregate Certificate Principal Balance of the Class A1-A, Class A1-B and Class A1-C Certificates in the case of clause (a) and (2) the Certificate Principal Balance of the Class AM Certificates in the case of clause (b)), with such amounts between (a) and (b) being further allocated as follows:
(a) sequentially, to the Class A1-A, Class A1-B and Class A1-C Certificates, in that order, until the Certificate Principal Balances of such Classes are reduced to zero; and
(b) to the Class AM Certificates until the Certificate Principal Balance of such Class is reduced to zero; and
(ii) from the remaining Principal Distribution Amount, sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class B Certificates, in that order, in each case until the Certificate Principal Balances thereof have been reduced to zero.
Except as provided below, on each distribution date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Holders of each class of Class A, Class M and Class B Certificates shall be entitled to receive distributions in respect of principal to the extent of the Principal Distribution Amount in the following amounts and order of priority:
(i) concurrently, in an amount up to the Class A Principal Distribution Amount, pro rata among (a) the Holders of the Class A1-A, Class A1-B and Class A1-C Certificates and (b) the Holders of the Class AM Certificates (based on (1) the aggregate Certificate Principal Balance of the Class A1-A, Class A1-B and Class A1-C Certificates in the case of clause (a) and (2) the Certificate Principal Balance of the Class AM Certificates in the case of clause (b)), with such amounts between (a) and (b) being further allocated as follows:
(a) sequentially, to the Class A1-A, Class A1-B and Class A1-C Certificates, in that order, until the Certificate Principal Balances of such Classes are reduced to zero; and
(b) to the Class AM Certificates until the Certificate Principal Balance of such Class is reduced to zero; and
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(ii) from the remaining Principal Distribution Amount, sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class B Certificates, in that order, in an amount up to the Subordinated Class Principal Distribution Amount for each such Class, in each case until the Certificate Principal Balances thereof have been reduced to zero.
(d) Notwithstanding the foregoing, to the extent any Net Swap Payment or Swap Termination Payment with respect to the Interest Rate Swap Agreement is payable from principal collections, Principal Distribution Amounts will be deemed paid to the most subordinate class of Certificates (other than the Class R Certificates and Class P Certificates), until the Certificate Principal Balance thereof has been reduced to zero.
(e) On each Distribution Date the Net Monthly Excess Cashflow shall be distributed in the following order of priority:
(i) to the Certificate Insurer, with respect to the Class AM Certificates, in an amount equal to (i) any amounts reimbursable to the Certificate Insurer for Insured Payments made pursuant to the Insurance Agreement and (ii) any unpaid Policy Premium;
(ii) from the portion of Net Monthly Excess Cashflow otherwise distributable to each of the Class C Certificates, to the Holders of the Class A, Class M and Class B Certificates then entitled to receive distributions in respect of principal, up to an amount equal to any Extra Principal Distribution Amount, payable to such Holders as part of the Principal Distribution Amount as described under Section 4.01(c) above, as applicable;
(iii) sequentially, first, concurrently, to the Holders of the Class A1-A, Class A1-B and Class A1-C Certificates, pro rata; and second, to the Class AM Certificates, in each case up to an amount equal to any Allocated Realized Loss Amount for each such Class;
(iv) sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class B Certificates, in that order, up to an amount equal to the sum of the Unpaid Interest Shortfall Amount and the Allocated Realized Loss Amount (such amount to be applied first to cover Unpaid Interest Shortfall Amount for such Class and second to cover Allocated Realized Loss Amount for such Class) for each such Class;
(v) from the portion of Net Monthly Excess Cashflow otherwise distributable to the Class C Certificates, to the Net WAC Shortfall Reserve Fund, (i) first, to pay the Class A, Class M and Class B Certificates, on a pro rata basis, based on the Certificate Principal Balances thereof, to the extent needed to pay any Net WAC Shortfall Amount for each such Class (and, in the case of the Class M-4, Class M-5, Class M-6 and Class M-7 Certificates, to the extent not covered by the related Class M Interest Reserve Fund Amount) and to the extent such amount exceeds the amounts then on deposit in the Net WAC Shortfall Reserve Fund; provided that any Net Monthly Excess Cashflow remaining after such allocation to pay any such Net WAC Shortfall Amount based on the Certificate Principal Balances of the Class A, Class M and Class B Certificates will be distributed to each such Class of Certificates with respect to which there remains any unpaid Net WAC Shortfall Amount, pro rata, based on the amount of such unpaid Net WAC Shortfall Amount to the extent such amount exceeds the amounts then on deposit in the Net WAC Shortfall Reserve Fund, and (ii) second, to maintain a balance in the Net WAC Shortfall Reserve Fund equal to the Net WAC Shortfall Reserve Fund Deposit;
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(vi) to the Supplemental Interest Trust for payment to the Swap Provider any Swap Termination Payments with respect to the Interest Rate Swap Agreement owed to the Swap Provider due to a Swap Provider Trigger Event not previously paid;
(vii) to the Certificate Insurer, any remaining amounts owed to the Certificate Insurer under the Insurance Agreement;
(viii) to the Holders of the Class C Certificates, an amount equal to the Class C Distribution Amount, reduced by amounts distributed in clauses (ii) and (v) above; and
(ix) to the Class R Certificates, any remaining amounts.
(f) On or before each Distribution Date, the Trustee shall distribute from (i) the amounts received from the Swap Provider pursuant to the Interest Rate Swap Agreement in respect of any Net Swap Payment and (ii) amounts received from the Cap Counterparties pursuant to the Cap Contracts (other than any Derivative Termination Payments relating to such Cap Contract), in each case then on deposit in the Derivative Account and after distributions pursuant to Sections 4.01(b) and 4.01(e)(i)-(v), to the Class A, Class M and Class B Certificates in the following order of priority:
(i) concurrently to the Holders of the Class A Certificates, pro rata, based on entitlement, an amount equal to any Unpaid Interest Shortfall Amount for such Class or Classes, in each case solely to the extent the Unpaid Interest Shortfall Amount is as a result of the interest portion of Realized Losses;
(ii) sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class B Certificates, in that order, up to an amount equal to any Unpaid Interest Shortfall Amount for such Class or Classes, in each case solely to the extent the Unpaid Interest Shortfall Amount is as a result of the interest portion of Realized Losses;
(iii) to the Holders of the Class A, Class M and Class B Certificates, up to an amount equal to any portion of the Extra Principal Distribution Amount not covered by any Net Monthly Excess Cashflow on that Distribution Date and solely to the extent the payment of the Extra Principal Distribution Amount is as a result of current or prior period Realized Losses, to be included in the Principal Distribution Amount for that Distribution Date and payable to such Holders as part of the Principal Distribution Amount as described under Sections 4.01(c) above, as applicable;
(iv) to the Net WAC Reserve Fund, (i) first, to pay Net WAC Shortfall Amounts to the Holders of the Class A, Class M and Class B Certificates, on a pro rata basis, based on the aggregate amount of Net WAC Shortfall Amounts for such Class(es) of Class A, Class M and Class B Certificates remaining unpaid (and, in the case of the Class M-4, Class M-5, Class M-6 and Class M-7 Certificates, to the extent not covered by the related Class M Interest Reserve Fund Amount) and (ii) second, to maintain a balance in the Net WAC Shortfall Reserve Fund equal to the Net WAC Shortfall Reserve Fund Deposit;
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(v) sequentially, first, concurrently, to the Holders of the Class A1-A, Class A1-B and Class A1-C Certificates, pro rata; and second, to the Class AM Certificates, in each case up to an amount equal to any Allocated Realized Loss Amount for each such Class; and
(vi) sequentially to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class B Certificates, in that order, up to an amount equal to any Allocated Realized Loss Amount for such Class or Classes.
(g) On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and identified on the Mortgage Loan Schedule attached as Exhibit H as belonging to the Class P Certificateholder and any Master Servicer Prepayment Charge Amounts paid by the Master Servicer during the related Prepayment Period will be withdrawn from the Certificate Account and distributed by the Trustee to the Holders of the Class P Certificates and shall not be available for distribution to the Holders of any other Class of Certificates. The payment of the foregoing amounts to the Holders of the Class P Certificates shall not reduce the Certificate Principal Balances thereof.
(h) Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, as Holder thereof, and the Depository shall be responsible for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a “brokerage firm” or “indirect participating firm”) for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. None of the Trustee, the Depositor or the Master Servicer shall have any responsibility therefor except as otherwise provided by this Agreement or applicable law.
(i) The Trustee, upon written direction of the Master Servicer, shall invest or cause the institution maintaining the Certificate Account to invest the funds in the Certificate Account in Permitted Investments designated in the name of the Trustee for the benefit of the Certificateholders, which shall mature not later than the Distribution Date next following the date of such investment and shall not be sold or disposed of prior to maturity. All income and gain realized from any such investment shall be for the benefit of the Master Servicer and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments shall be deposited in the Certificate Account by the Master Servicer out of its own funds immediately as realized without any right of reimbursement.
(j) Except as otherwise provided in Section 9.01, if the Master Servicer anticipates that a final distribution with respect to any Class of Certificates will be made on the next Distribution Date, the Master Servicer shall, no later than the 15th day of the month in the month of such final distribution (or if such 15th day is not a Business Day, the Business Day immediately preceding such 15th day), notify the Trustee and the Trustee shall, no later than two (2) Business Days after such date, mail on such date to each Holder of such Class of Certificates a notice to the effect that: (i) the Trustee anticipates that the final distribution with respect to such Class of Certificates will be made on such Distribution Date but only upon presentation and surrender of such Certificates at the office of the Trustee or as otherwise specified therein, and (ii) no interest shall accrue on such Certificates from and after the end of the prior calendar month.
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Any funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Holder or Holders to tender their Certificates shall, on such date, be set aside and held in trust and credited to the account of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to this Section 4.01(j) shall not have been surrendered for cancellation within six months after the time specified in such notice, the Trustee shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with respect thereto. If within six months after the second notice all such Certificates shall not have been surrendered for cancellation, the Trustee shall take reasonable steps as directed by the Depositor, or appoint an agent to take reasonable steps, to contact the remaining non-tendering Certificateholders concerning surrender of their Certificates. The costs and expenses of maintaining the funds in trust and of contacting such Certificateholders shall be paid out of the assets remaining in the Trust Fund. If within nine months after the second notice any such Certificates shall not have been surrendered for cancellation, the Class R Certificateholders shall be entitled to all unclaimed funds and other assets which remain subject hereto. No interest shall accrue or be payable to any Certificateholder on any amount held in trust as a result of such Certificateholder's failure to surrender its Certificate(s) for final payment thereof in accordance with this Section 4.01(j).
Section 4.02. Statements to Certificateholders.
(a) On each Distribution Date, based, as applicable, on information provided to it by the Master Servicer, the Trustee shall prepare and make available on the Trustee’s website, which shall initially be located at “https://www.tss.db.com/invr” (assistance in using the website can be obtained by calling the Trustee’s customer service desk at (800) 735-7777), to each Holder of the Regular Certificates, the Certificate Insurer, the Swap Provider, the Master Servicer and the Rating Agencies, a statement as to the distributions made on such Distribution Date setting forth the following:
(i) the applicable record dates, accrual periods, determination dates for calculating distributions and general distributions dates;
(ii) the total cash flows received and the general sources thereof;
(iii) the amount of any Net Swap Payment and any amount from the Cap Contracts payable to the Supplemental Interest Trust, any Net Swap Payment payable to the Swap Provider, any Swap Termination Payment payable to the Supplemental Interest Trust and any Swap Termination Payment payable to the Swap Provider;
(iv) (A) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and (B) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges and Master Servicer Prepayment Charge Payment Amounts;
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(v) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified;
(vi) the Pass-Through Rate on each Class of Regular Certificates (other than the Class P Certificates) for such Distribution Date;
(vii) the aggregate amount of Advances for such Distribution Date (including the general purpose of such Advances), the aggregate amount of unreimbursed Advances at the close of business on the Distribution Date, and the general source of funds for reimbursements;
(viii) the number and Aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, including the number and Aggregate Stated Principal Balance of the Subsequent Mortgage Loans as of the end of the related Due Period;
(ix) the Overcollateralization Release Amount and the Overcollateralization Deficiency Amount for such Distribution Date;
(x) the aggregate Certificate Principal Balance of each Class of Regular Certificates after giving effect to the amounts distributed on such Distribution Date (in the case of each Class of the Class A, Class M and Class B Certificates, separately identifying any reduction thereof due to the allocation of Realized Losses thereto);
(xi) the number and Stated Principal Balance of Mortgage Loans in respect of which (a) one Scheduled Payment is delinquent, (b) two Scheduled Payments are delinquent, (c) three or more Scheduled Payments are delinquent and (d) foreclosure proceedings have been commenced, in each case as of the end of the calendar month prior to such Distribution Date;
(xii) the number, aggregate principal balance and book value of any REO Properties as of the close of business on the last day of the calendar month preceding the month in which such Distribution Date occurs;
(xiii) the weighted average remaining term to maturity, weighted average Mortgage Rate and weighted average Net Mortgage Rate of the Mortgage Loans as of the close of business on the first day of the calendar month in which such Distribution Date occurs;
(xiv) the aggregate amount of Principal Prepayments made during the related Prepayment Period;
(xv) the aggregate amount of Realized Losses incurred during the related Prepayment Period and the cumulative amount of Realized Losses;
(xvi) if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time;
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(xvii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Custodial Account or the Certificate Account for such Distribution Date;
(xviii) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Master Servicer or a Sub-Servicer pursuant to Section 3.23, and the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date;
(xix) the Monthly Interest Distributable Amount in respect of each Class of the Class A, Class M and Class B Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each Class of Class A, Class M and Class B Certificates for such Distribution Date;
(xx) (A) the Overcollateralization Target Amount, (B) the Overcollateralized Amount and (C) the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount, in each case after giving effect to the distribution made on the Regular Certificates on such Distribution Date;
(xxi) the aggregate amount of servicing compensation received by the Master Servicer with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns;
(xxii) the aggregate of any deposits to and withdrawals from the Net WAC Shortfall Reserve Fund for such Distribution Date and the remaining amount on deposit in the Net WAC Shortfall Reserve Fund after such deposits and withdrawals;
(xxiii) the Available Distribution Amount for such Distribution Date;
(xxiv) the Policy Premium paid, the Insured Amount, if any, paid by the Certificate Insurer under the Certificate Guaranty Insurance Policy for such Distribution Date, the aggregate amount of unpaid Policy Premiums for all prior Distribution Dates and the aggregate Insured Amounts for all prior Distribution Dates paid by the Certificate Insurer under the Certificate Guaranty Insurance Policy and not yet reimbursed;
(xxv) for the Class M-4, Class M-5, Class M-6 and Class M-7 Certificates, any related deposits to and withdrawals from the Class M Interest Reserve Fund;
(xxvi) the amount withdrawn from the Pre-Funding Account and the Interest Coverage Accounts and used to make payments to Certificateholders on that Distribution Date, the amount remaining on deposit in the Pre-Funding Accounts and Interest Coverage Account following such Distribution Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Distribution Date;
(xxvii) updated pool composition data including the following: average loan balance, weighted average mortgage rate, weighted average loan-to-value ratio at origination, weighted average FICO at origination, and weighted average remaining term; and
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(xxviii) information about any additions of, substitutions for or removal of any Mortgage Loans from the Trust Fund, and any changes in the underwriting, acquisition or selection criteria as to any Mortgage Loans added to the Trust Fund.
In the case of information furnished pursuant to subclauses (ii) and (iv) above, the amounts shall also be expressed as a dollar amount per Single Certificate.
On each Distribution Date the Trustee shall provide Bloomberg Financial Markets, L.P. (“Bloomberg”) CUSIP level factors for each Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trustee and Bloomberg.
Within a reasonable period of time after the end of each calendar year, the Trustee shall prepare and forward, to each Person who at any time during the calendar year was a Holder of a Certificate, a statement containing the information set forth in subclauses (ii) and (iv) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code and regulations thereunder as from time to time are in force.
On each Distribution Date the Trustee shall prepare and make available on the Trustee’s website (or deliver at the recipient's option), to each Holder of a Class R Certificate a copy of the reports forwarded to the other Certificateholders on such Distribution Date.
Within a reasonable period of time after the end of each calendar year, the Trustee shall prepare and forward, to each Person who at any time during the calendar year was a Holder of a Class R Certificate a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time are in force.
The location of the Trustee’s website and the procedures used therein are subject to change from time to time at the Trustee’s discretion. The Trustee shall have the right to change the way monthly distribution statement are distributed in order to make such distribution more convenient and/or more accessible to the above parties. The Trustee shall be entitled to conclusively rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement, and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trustee’s website, the Trustee may require registration and the acceptance of a disclaimer. Notwithstanding anything to the contrary set forth in this Agreement, the parties hereto acknowledge that in connection with the Trustee’s preparation of the foregoing reports, the Trustee will rely solely upon the information provided to it in the Remittance Reports.
Section 4.03. Remittance Reports; Advances by the Master Servicer.
(a) On the 19th calendar day of the month (but in any event no later than the 21st calendar day of the month), the Master Servicer shall deliver to the Trustee a report, prepared as of the close of business on the Business Day preceding such Determination Date (the “Remittance Report”), in the form of an electromagnetic tape, disk or such other electronic format agreeable to both parties. The Remittance Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is required by the Trustee for purposes of making the calculations and preparing the statement described in Sections 4.01 and 4.02, as set forth in written specifications or guidelines issued by the Trustee from time to time. The Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.
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(b) The Master Servicer shall determine the aggregate amount of Advances required to be made for the related Distribution Date, which shall be in an aggregate amount equal to the sum of (1) the aggregate amount of Monthly Payments, other than Balloon Payments, (with each interest portion thereof adjusted to the Mortgage Rate less the sum of the Master Servicing Fee Rate, the Sub-Servicing Fee Rate and any applicable PMI Insurer Fee Rate, and less the amount of any reductions in the amount of interest collectable from the Mortgagor pursuant to the Relief Act, on the Outstanding Mortgage Loans as of the related Due Date, which Monthly Payments were delinquent as of the close of business as of the related Determination Date) plus (2) with respect to each Balloon Loan delinquent in respect of its Balloon Payment as of the close of business on the related Determination Date, an amount equal to the assumed Monthly Payment (net of the related Master Servicing Fees and Sub-Servicing Fees) that would have been due on the related Due Date based on the original principal amortization scheduled for such Balloon Loan until such Balloon Loan is finally liquidated; provided that no Advance shall be made if it would be a Nonrecoverable Advance. On or before 4:00 P.M. New York time on each Certificate Account Deposit Date, the Master Servicer shall either (i) deposit in the Certificate Account from its own funds, or funds received therefor from the Sub-Servicers, an amount equal to the Advances to be made by the Master Servicer or any Sub-Servicers in respect of the related Distribution Date, (ii) withdraw from amounts on deposit in the Custodial Account and deposit in the Certificate Account all or a portion of the amounts held for future distribution in discharge of any such Advance, or (iii) make advances in the form of any combination of (i) and (ii) aggregating the amount of such Advance. Any portion of the amounts held for future distribution so used shall be replaced by the Master Servicer (to the extent not previously replaced by late collections of Monthly Payments in respect of which such Advance was made) by deposit in the Certificate Account on or before 1:00 P.M. New York time on any future Certificate Account Deposit Date to the extent that funds attributable to the Mortgage Loans that are available in the Custodial Account for deposit in the Certificate Account on such Certificate Account Deposit Date shall be less than payments to Certificateholders required to be made on the following Distribution Date. The amount of any reimbursement pursuant to Section 3.11 in respect of outstanding Advances on any Distribution Date shall be allocated to specific Monthly Payments due but delinquent for previous Due Periods, which allocation shall be made, to the extent practicable, to Monthly Payments which have been delinquent for the longest period of time. Such allocations shall be conclusive for purposes of reimbursement to the Master Servicer from recoveries on related Mortgage Loans pursuant to Section 3.11. The determination by the Master Servicer that it has made a Nonrecoverable Advance or that any proposed Advance, if made, would constitute a Nonrecoverable Advance, shall be evidenced by a certificate of a Servicing Officer delivered to the Sponsor, the Certificate Insurer and the Trustee with the Remittance Report. The Trustee shall deposit all funds it receives pursuant to this Section 4.03 into the Certificate Account.
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(c) In the event that the Master Servicer determines as of any Certificate Account Deposit Date that it will be unable to deposit in the Certificate Account an amount equal to the Advance required to be made for the immediately succeeding Distribution Date in the amount determined by the Master Servicer pursuant to paragraph (b) above, it shall give notice to the Trustee of its inability to Advance (such notice may be given by telecopy), not later than 4:00 P.M., New York time, on such date, specifying the portion of such amount that it will be unable to deposit. Not later than 4:00 P.M., New York time, on the earlier of (x) two Business Days following such Certificate Account Deposit Date or (y) the Business Day preceding the related Distribution Date, unless by such time the Master Servicer shall have directly or indirectly deposited in the Certificate Account the entire amount of the Advances required to be made for the related Distribution Date, pursuant to Section 7.01, the Trustee shall (a) terminate all of the rights and obligations of the Master Servicer under this Agreement in accordance with Section 7.01 and (b) assume the rights and obligations of the Master Servicer hereunder, including the obligation to deposit in the Certificate Account an amount equal to the Advance for the immediately succeeding Distribution Date.
The Master Servicer and the Sub-Servicer shall in all cases have a right prior to the Certificateholders to any particular funds on deposit in the Custodial Account from time to time for the reimbursement or payment of its Servicing Fee, Advances, Servicing Advances and any amounts reimbursable thereto in accordance with Section 3.11 of this Agreement, but only if and to the extent such amounts are to be reimbursed or paid from such particular funds on deposit in the Custodial Account pursuant to the express terms of this Agreement.
Section 4.04. Distributions on the REMIC Regular Interests.
(a) On each Distribution Date, the Trustee shall cause the following amounts, in the following order of priority, to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Certificate Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be:
(i) from the Available Distribution Amount for such Distribution Date to holders of the REMIC 1 Regular Interests, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for such REMIC 1 Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates;
(ii) from the Available Distribution Amount for such Distribution Date remaining after the distribution made pursuant to clause (i) above, first, to the holders of REMIC 1 Regular Interest OC, until the Uncertificated Principal Balance thereof is reduced to zero, and second, to holders of REMIC 1 Regular Interests 1-1-A through 1-60-B, starting with the lowest numerical denomination, until the Uncertificated Principal Balance of each such REMIC 1 Regular Interest is reduced to zero, provided that, for REMIC 1 Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC 1 Regular Interests;
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(iii) to holders of REMIC 1 Regular Interest P, (A) all amounts representing Prepayment Charges received during the related Prepayment Period that are identified as belonging to the Class P Certificates on the attached Mortgage Loan Schedule, and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified as belonging to the Class P Certificates on the attached Mortgage Loan Schedule or any Distribution Date thereafter, any remaining Available Distribution Amount, until an amount equal to the initial Uncertificated Principal Balance of such REMIC 1 Regular Interest has been distributed pursuant to this clause; and
(iv) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-1 Interest).
(b) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC 2 to REMIC 3 on account of the REMIC 2 Regular Interests or withdrawn from the Certificate Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-2 Interest), as the case may be:
(i) from the Available Distribution Amount for such Distribution Date to holders of REMIC 2 Regular Interest IO, in an amount equal to (A) the Uncertificated Accrued Interest for such REMIC 2 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates;
(ii) to the extent of the Available Distribution Amount for such Distribution Date remaining after the distribution pursuant to clause (i), to holders of each REMIC 2 Regular Interest (other than REMIC 2 Regular Interest IO), pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for such REMIC 2 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 2 Regular Interest ZZ and REMIC 2 Regular Interest P shall be reduced when the REMIC 2 Overcollateralized Amount is less than the REMIC 2 Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount, and such amount will be payable to holders of each REMIC 2 Regular Interest for which a Class A, Class M or Class B Certificate is the Corresponding Certificate in the same proportion as the Extra Principal Distribution Amount is allocated to the Corresponding Certificates for each such REMIC 2 Regular Interest, and the Uncertificated Principal Balance of REMIC 2 Regular Interest ZZ shall be increased by such amount;
(iii) to the extent of the Available Distribution Amount for such Distribution Date remaining after the distributions pursuant to clauses (i) and (ii), to holders of REMIC 2 Regular Interests (other than REMIC 2 Regular Interests IO and P), allocated as follows:
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(A) 98.00% of such remainder to holders of REMIC 2 Regular Interest AA, until the Uncertificated Principal Balance of such REMIC 2 Regular Interest is reduced to zero; and
(B) 2.00% of such remainder, first, to holders of each REMIC 2 Regular Interest for which a Class A, Class M or Class B Certificate is the Corresponding Certificate, in an aggregate amount equal to 1% of and in the same proportion as principal payments are allocated to the Corresponding Certificates for each such REMIC 2 Regular Interest, until the Uncertificated Principal Balances of such REMIC 2 Regular Interests are reduced to zero; and second, to the holders of REMIC 2 Regular Interest ZZ, until the Uncertificated Principal Balance of such REMIC 2 Regular Interest is reduced to zero;
(iv) to holders of REMIC 2 Regular Interest P, (A) all amounts representing Prepayment Charges distributed on REMIC 1 Regular Interest P, and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified as belonging to the Class P Certificates on the attached Mortgage Loan Schedule or any Distribution Date thereafter, any remaining Available Distribution Amount distributed in respect of REMIC 1 Regular Interest P, until an amount equal to the initial Uncertificated Principal Balance of such REMIC 2 Regular Interest has been distributed pursuant to this clause; and
(v) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-3 Interest).
(c) On each Distribution Date, interest shall be deemed payable from REMIC 3 to the holders of each REMIC 3 Regular Interest the ownership of which is represented by the Class A, Class M and Class B Certificates at a pass-through rate equal to the lesser of (i) the Pass-Through Rate for the Corresponding Certificate determined without regard to the related Net WAC Rate and (ii) the Net WAC Rate for the REMIC 3 Regular Interest the ownership of which is represented by the Corresponding Certificate for such Distribution Date, in each case on a principal balance equal to the Certificate Principal Balance of the Corresponding Certificate for such Distribution Date. For the avoidance of doubt, principal shall be payable to, and shortfalls, losses and prepayments shall be allocable to, the REMIC 3 Regular Interests the ownership of which is represented by the Class A, Class M and Class B Certificates as such amounts are payable and allocable to the Corresponding Certificates.
(d) On each Distribution Date, the amounts distributed pursuant to Sections 4.01(e)(ii), (v) and (vii) on such date shall be deemed distributed from REMIC 3 to Holders of the Class C Certificates in respect of the Class C Distribution Amount.
(e) On each Distribution Date, 100% of the amounts deemed distributed on REMIC 2 Regular Interest IO shall be deemed distributed by REMIC 3 in respect of the Class IO Interest for deposit into the Supplemental Interest Trust.
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Section 4.05. Allocation of Realized Losses.
(a) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow, through a distribution of the Extra Principal Distribution Amount for that Distribution Date; second, to the Overcollateralized Amount by a reduction of the Certificate Principal Balance of the Class C Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class B Certificates, until the Certificate Principal Balance thereof has been reduced to zero; second, to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eighth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and ninth to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; thereafter, any Realized Losses on the Mortgage Loans will be allocated on any Distribution Date first to the Class AM Certificates until its Certificate Principal Balance has been reduced to zero (provided, however, that any Realized Loss applied to the Class AM Certificates will be covered by the Certificate Guaranty Insurance Policy) and second to the Class A1-A, Class A1-B and Class A1-C Certificates, on a pro rata basis, based on the Certificate Principal Balances thereof, in each case in reduction of the Certificate Principal Balances thereof, until reduced to zero.
(b) Any allocation of Realized Losses to a Class A, Class M and Class B Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated. Any allocation of Realized Losses to Net Monthly Excess Cashflow shall be made by reducing the amount otherwise payable in respect of the Class C Certificates pursuant to Section 4.01(e)(vii), and any allocation of Realized Losses to the Overcollateralized Amount shall be made by reducing the Certificate Principal Balance of the Class C Certificates by the amount so allocated.
(c) All Realized Losses on the Mortgage Loans shall be allocated on each Distribution Date, first, to REMIC 1 Regular Interest OC, until the Uncertificated Principal Balance thereof has been reduced to zero, and second, to REMIC 1 Regular Interest I-1-A through REMIC 1 Regular Interest 1-60-B, starting with the lowest numerical denomination, until the Uncertificated Principal Balance of each such REMIC 1 Regular Interest has been reduced to zero, provided that, for REMIC 1 Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC 1 Regular Interests, and third, to REMIC 1 Regular Interest P until the Uncertificated Principal Balance thereof has been reduced to zero.
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(d) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC 2 Regular Interests in the following specified percentages: first, to Uncertificated Accrued Interest payable to the REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount (without duplication of shortfalls allocated pursuant to Section 1.03), 98.00% and 2.00%, respectively, and to the extent of any amount equal to the REMIC 2 Interest Loss Allocation Amount remaining after the foregoing allocations to REMIC 2 Regular Interests AA and ZZ, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest P to the extent of such remaining amount; second, to the Uncertificated Principal Balances of the REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Principal Loss Allocation Amount, 98.00% and 2.00%, respectively; third, to the Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest B has been reduced to zero; fourth, to the Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC 2 Regular Interest M-8 and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest M-8 has been reduced to zero; fifth, to the Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC 2 Regular Interest M-7 and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest M-7 has been reduced to zero; sixth, to the Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC 2 Regular Interest M-6 and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest M-6 has been reduced to zero; seventh, to the Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC 2 Regular Interest M-5 and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest M-5 has been reduced to zero; eighth, to the Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC 2 Regular Interest M-4 and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest M-4 has been reduced to zero; ninth, to the Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC 2 Regular Interest M-3 and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest M-3 has been reduced to zero; tenth, to the Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC 2 Regular Interest M-2 and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest M-2 has been reduced to zero; eleventh, to the Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC 2 Regular Interest M-1 and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest M-1 has been reduced to zero; twelfth, to the Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC 2 Regular Interest AM and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest AM has been reduced to zero; and thirteenth, to the Uncertificated Principal Balance of REMIC 2 Regular Interests AA, 98.00%, to the Uncertificated Principal Balances of REMIC 2 Regular Interests A1-A, A1-B and A1-C, 1.00% pro rata, and to the Uncertificated Principal Balance of REMIC 2 Regular Interest ZZ, 1.00%, until the Uncertificated Principal Balances of such REMIC 2 Regular Interests A1-A, A1-B and A1-C have been reduced to zero.
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Section 4.06. Information Reports to Be Filed by the Master Servicer.
The Master Servicer or the Sub-Servicers shall file information reports with respect to the receipt of mortgage interest received in a trade or business, foreclosures and abandonments of any Mortgaged Property and the information returns relating to cancellation of indebtedness income with respect to any Mortgaged Property required by Sections 6050H, 6050J and 6050P of the Code, respectively, and deliver to the Trustee an Officers’ Certificate stating that such reports have been filed. Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by such Sections 6050H, 6050J and 6050P of the Code.
Section 4.07. Compliance with Withholding Requirements.
Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount on the Mortgage Loans, that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee withholds any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall, together with its monthly report to such Certificateholders pursuant to Section 4.02 hereof, indicate such amount withheld.
Section 4.08. Net WAC Shortfall Reserve Fund.
(a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of Class A, Class M and Class B Certificates, the Net WAC Shortfall Reserve Fund. In addition, on the Closing Date, the Depositor shall deposit into the Net WAC Shortfall Reserve Fund an amount equal to the Net WAC Shortfall Reserve Fund Deposit. On each Distribution Date as to which there is a Net WAC Shortfall Amount payable to any Class of Class A, Class M and Class B Certificates, the Trustee shall deposit the amounts distributable pursuant to clause (v) of Section 4.01(e) into the Net WAC Shortfall Reserve Fund, and the Trustee has been directed by the Holders of the Class C Certificates to distribute amounts then on deposit in the Net WAC Shortfall Reserve Fund to the Holders of the Class A, Class M and Class B Certificates in respect of the Net WAC Shortfall Amounts in the priorities set forth in clause (v) of Section 4.01(e). Any amount paid to the Holders of any Class A, Class M and Class B Certificates pursuant to the preceding sentence in respect of Net WAC Shortfall Amounts from amounts distributable pursuant to clause (v) of Section 4.01(e) shall be treated as distributed to the Holders of the Class C Certificates and paid by such Holders to the Holders of such Class A, Class M and Class B Certificates. Any payments to the Holders of the Class A, Class M and Class B Certificates in respect of Net WAC Shortfall Amounts pursuant to the second preceding sentence shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Code Section 860G(a)(1).
(b) The Net WAC Shortfall Reserve Fund is an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h) and shall be an asset of the Trust Fund but not an asset of any REMIC. The Trustee on behalf of the Trust shall be the nominal owner of the Net WAC Shortfall Reserve Fund. The Holders of the Class C Certificates shall be the beneficial owners of the Net WAC Shortfall Reserve Fund, pro rata, subject to the power of the Trustee to transfer amounts under Section 4.01. Amounts in the Net WAC Shortfall Reserve Fund shall, at the written direction of the Holders of the Class C Certificates be invested in Permitted Investments that mature no later than the Business Day prior to the next succeeding Distribution Date. In the absence of such written direction, all funds in the Net WAC Shortfall Reserve Fund shall remain uninvested. All net income and gain from such investments shall be distributed to the Holders of the Class C Certificates, pro rata, not as a distribution in respect of any interest in any REMIC, on each such Distribution Date. All amounts earned on amounts on deposit in the Net WAC Shortfall Reserve Fund shall be taxable to the Holders of the Class C Certificates. Any losses on such investments shall be deposited in the Net WAC Shortfall Reserve Fund by the Holders of the Class C Certificates, pro rata, out of their own funds immediately as realized.
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Section 4.09. Supplemental Interest Trust.
(i) As of the Closing Date, the Trustee, as Supplemental Interest Trust Trustee, is directed to enter into the Interest Rate Swap Agreement and the Cap Contracts and shall establish and maintain in the name of the Supplemental Interest Trust Trustee, the Supplemental Interest Trust for the benefit of the Swap Provider and the Holders of the Class A, Class M, Class B and Class C Certificates. The Supplemental Interest Trust shall hold the Interest Rate Swap Agreement, the Class IO Interest, the Cap Contracts, the Collateral Account and the Derivative Account. The Trustee shall establish an Eligible Account (the “Derivative Account”) into which the Depositor shall deposit $1,000 on the Closing Date. Funds on deposit in the Derivative Account shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee or held pursuant to this Agreement.
(ii) On each Distribution Date, the Trustee shall deposit into the Derivative Account amounts distributable to the Supplemental Interest Trust pursuant to Sections 4.01(a) (last paragraph) and 4.01(e)(vi) of this Agreement. In addition, the Trustee shall deposit into the Derivative Account for payment to the Swap Provider the Swap Optional Termination Payment (which shall include any related Net Swap Payment payable to the Swap Provider) payable under Section 9.01. On each Distribution Date, the Trustee shall distribute any such amounts to the Swap Provider pursuant to the Interest Rate Swap Agreement, first to pay any Net Swap Payment owed to the Swap Provider for such Distribution Date or remaining unpaid from prior Distribution Dates, and second to pay any Swap Termination Payment owed to the Swap Provider for such Distribution Date or remaining unpaid from prior Distribution Dates.
(iii) On each Distribution Date, the Trustee, as Supplemental Interest Trust Trustee, shall deposit into the Derivative Account amounts received by the Supplemental Interest Trust (x) under the Interest Rate Swap Agreement from the Swap Provider and (y) under the Cap Contracts from the Cap Counterparties (other than Derivative Termination Payments related to any Cap Contract). On each Distribution Date, the Trustee shall, and the Trustee has been directed by the Holders of the Class C Certificates to, distribute from the Derivative Account an amount equal to the amount of any Net Swap Payment or Swap Termination Payment received from the Swap Provider under the Interest Rate Swap Agreement and payments received from the Cap Counterparties under the Cap Contracts (other than Derivative Termination Payments related to any Cap Contract), in the following order of priority:
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(a) first, an amount equal to the aggregate amount required under Section 4.01(f) to be distributed on such Distribution Date, to the Class A, Class M and Class B Certificateholders in accordance with Section 4.01(f) of this Agreement, and
(b) second, any remainder, to the holder of the Class C Certificates.
(iv) The Supplemental Interest Trust constitutes an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h) and shall not be an asset of any REMIC. The Holders of the Class C Certificates shall be the beneficial owner of the Supplemental Interest Trust, pro rata, subject to the power of the Trustee to transfer amounts under this Agreement. The Trustee shall keep records that accurately reflect the funds on deposit in the Derivative Account. The Trustee shall, at the written direction of the Holders of the Class C Certificates, invest amounts on deposit in the Supplemental Interest Trust in Permitted Investments that mature no later than the Business Day prior to the next succeeding Distribution Date. In the absence of such written direction, all funds in the Supplemental Interest Trust shall remain uninvested. On each Distribution Date, the Trustee shall distribute, not as a distribution in respect of any interest in any REMIC, any income or gain earned on the invested assets in the Supplemental Interest Trust to the Holders of the Class C Certificates, pro rata. All amounts earned on amounts on deposit in the Supplemental Interest Trust shall be taxable to the Holders of the Class C Certificates. Any losses on such investments shall be deposited in the Supplemental Interest Trust by the Holders of the Class C Certificates, pro rata, out of their own funds immediately as realized.
(v) For federal income tax purposes, amounts paid to the Supplemental Interest Trust on each Distribution Date pursuant to Section 4.01(a) (first and second sentences of the last paragraph) for payment to the Swap Provider with respect to the Interest Rate Swap Agreement shall first be deemed to be paid to the Supplemental Interest Trust in respect of the Class IO Interest to the extent of the amount distributable on such Class IO Interest on such Distribution Date, and shall then be deemed to be paid to the Supplemental Interest Trust in respect of a Class IO Distribution Amount as described below.
(vi) The Trustee shall treat the Holders of the Class A, Class M and Class B Certificates as having entered into a notional principal contract with respect to the Holders of the Class C Certificates. Pursuant to each such notional principal contract, all Holders of the Class A, Class M and Class B Certificates shall be treated as having agreed to pay, on each Distribution Date, to the Holder of the Class C Certificates an aggregate amount equal to the excess, if any, of (i) the amount payable on such Distribution Date on the REMIC 3 Regular Interest corresponding to such Class of Certificates over (ii) the amount payable on such Class of Certificates on such Distribution Date (such excess, a “ Class IO Distribution Amount”). A Class IO Distribution Amount payable from interest collections shall be allocated pro rata among such Certificates based on the excess of, with respect to each such Certificate, (i) the amount of interest otherwise payable to the REMIC 3 Regular Interest relating to such Certificate over (ii) the amount of interest payable to such Certificate at a per annum rate equal to the Net WAC Rate, and a Class IO Distribution Amount payable from principal collections shall be allocated to the most subordinate Class of the Class A, Class M, Class B and Class C Certificates with an outstanding principal balance to the extent of such balance. In addition, pursuant to such notional principal contract, the Holder of the Class C Certificates shall be treated as having agreed to pay Net WAC Shortfall Amounts to the Holders of the Class A, Class M and Class B Certificates from amounts received by the Supplemental Interest Trust pursuant to the Interest Rate Swap Agreement in accordance with the terms of this Agreement. Any payments deemed to be received by Holders of the Class A, Class M, Class B and Class C Certificates pursuant to this notional principal contract shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Section 860G(a)(1) of the Code. However, any payment from the Class A, Class M and Class B Certificates of a Class IO Distribution Amount shall be treated for tax purposes as having been received by the Holders of such Certificates in respect of their interests in REMIC 3 and as having been paid by such Holders to the Holders of the Class C Certificates pursuant to the notional principal contract. Thus, each Class A, Class M, Class B and Class C Certificate shall be treated as representing not only ownership of a Regular Interest in REMIC 3, but also ownership of an interest in, and obligations with respect to, a notional principal contract.
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(vii) (a) Upon designation of an early termination date with respect to a Derivative Contract other than in connection with a Optional Termination, the Trustee, as Supplemental Interest Trust Trustee, at the written direction of the Depositor or the Certificate Insurer will use reasonable efforts to appoint a successor derivative counterparty to enter into a new derivative contract on terms substantially similar to such Derivative Contract with a derivative counterparty meeting all applicable eligibility requirements. The Trustee, as Supplemental Interest Trust Trustee will apply any Derivative Termination Payment received from the original derivative counterparty in connection with the early termination of such Derivative Contract to the upfront payment required to appoint the successor derivative counterparty.
If a successor derivative counterparty is not appointed within 30 days of such early termination, then the Trustee, as Supplemental Interest Trust Trustee will deposit any Derivative Termination Payment received from the original derivative counterparty in connection with the early termination of such Derivative Contract into a separate, non-interest bearing reserve account and will, on each subsequent Distribution Date, withdraw from the amount then remaining on deposit in such reserve account an amount equal to the payment, if any, that would have been paid to the Supplemental Interest Trust Trustee by the original derivative counterparty calculated in accordance with the terms of the related Derivative Contract, and distribute such amount in accordance with the terms of this Agreement.
(b) In the event that the derivative counterparty under a Derivative Contract fails to perform any of its obligations under such Derivative Contract (including, without limitation, its obligation to make any payment or transfer collateral), or breaches any of its representations and warranties thereunder, or in the event that any Event of Default, Termination Event, or Additional Termination Event (each as defined in the related Derivative Contract) occurs with respect to such Derivative Contract, the Trustee, as Supplemental Interest Trust Trustee shall, promptly following actual notice of such failure, breach or event, notify the Depositor and send any notices and make any demands, on behalf of the Supplemental Interest Trust, required to enforce the rights of the Supplemental Interest Trust under such Derivative Contract.
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In the event that a derivative counterparty’s obligations are guaranteed by a third party under a guaranty relating to a Derivative Contract (such guaranty a “Guaranty” and such third party a “Guarantor”), then to the extent that the derivative counterparty fails to make any payment by the close of business on the day it is required to make payment under the terms of such Derivative Contract, the Trustee, as Supplemental Interest Trust Trustee shall, promptly following actual notice of the derivative counterparty’s failure to pay, demand that such Guarantor make any and all payments then required to be made by such Guarantor pursuant to such Guaranty; provided that the Trustee, as Supplemental Interest Trust Trustee shall in no event be liable for any failure or delay in the performance by the Derivative Counterparty’s or such Guarantor’s of its obligations hereunder or pursuant to such Derivative Contract and the Guaranty, nor for any special, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits) in connection therewith.
Section 4.10. Tax Treatment of Class IO Distribution Amounts in the Event of Resecuritization of Class A, Class M or Class B Certificates.
In the event that any Class A, Class M or Class B Certificate is resecuritized in a REMIC (the “Resecuritization REMIC”), for federal income tax purposes, (i) payments on the REMIC 3 Regular Interest corresponding to such Class A, Class M or Class B Certificate shall, for the avoidance of doubt, be deemed to include the Class IO Distribution Amount, and (ii) to the extent provided in the operative documents for the Resecuritization REMIC, (a) payments on the “regular interests” issued by the Resecuritization REMIC shall be deemed to include in the aggregate such Class IO Distribution Amount, and (b) such Class IO Distribution Amount shall be deemed paid to the holder of the Class C Certificates pursuant to a notional principal contract entered into by the holders of one or more “regular interests” issued by the Resecuritization REMIC (“Resecuritization Holders”) and the Holder of the Class C Certificates. In such event, Class IO Distribution Amounts deemed paid by Resecuritization Holders under clause (b) of the immediately preceding sentence shall be paid on behalf of such holders pursuant to Section 4.09(ii) hereof.
Section 4.11. Collateral Account.
(a) The Trustee, as Supplemental Interest Trust Trustee, is hereby directed to perform the obligations of the Custodian as defined under Credit Support Annex One (the “Custodian”).
On or before the Closing Date, the Custodian shall establish the Collateral Account. The Collateral Account shall be held in the name of the Custodian in trust for the benefit of the Holders of the Class A, Class M and Class B Certificates. The Collateral Account must be an Eligible Account segregated from the Certificate Account and any other moneys of the Trustee held pursuant to this Agreement and shall be entitled “Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3, Collateral Account, Supplemental Interest Trust Trustee, as Custodian for the benefit of holders of the Class A, Class M and Class B Certificates.”
The Custodian shall credit to Collateral Account all collateral (whether in the form of cash or securities) posted by Lehman Brothers Special Financing Inc. to secure the obligations of Lehman Brothers Special Financing Inc. in accordance with the terms of Credit Support Annex One. The Custodian shall maintain and apply all collateral and earnings thereon on deposit in the Collateral Account in accordance with Credit Support Annex One.
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Cash collateral posted by Lehman Brothers Special Financing Inc. in accordance with Credit Support Annex One shall be invested at the written direction of Lehman Brothers Special Financing Inc. in Permitted Investments in accordance with the requirements of Credit Support Annex One. All amounts earned on amounts on deposit in Collateral Account (whether cash collateral or securities) shall be for the account of and taxable to Lehman Brothers Special Financing Inc. The Trustee shall not be liable for the selection of investments or investment losses incurred thereon.
Upon the occurrence of an Event of Default or Specified Condition (each as defined in the Schedule) with respect to Lehman Brothers Special Financing Inc. or upon occurrence or designation of an Early Termination Date (as defined in the Schedule) as a result of any such Event of Default or Specified Condition with respect to Lehman Brothers Special Financing Inc., and, in either such case, unless Lehman Brothers Special Financing Inc. has paid in full all of its Obligations (as defined in Credit Support Annex One) that are then due, then any collateral posted by Lehman Brothers Special Financing Inc. in accordance with Credit Support Annex One, shall be applied by the Custodian to the payment of any Obligations due to Party B (each as defined in Credit Support Annex One) in accordance with Credit Support Annex One. Any excess collateral posted by Lehman Brothers Special Financing Inc. in accordance with Credit Support Annex One and remaining after payment of all amounts owing to Party B shall be withdrawn from the Collateral Account and paid to Lehman Brothers Special Financing Inc. in accordance with Credit Support Annex One.
(b) The Trustee, as Supplemental Interest Trust Trustee, is hereby directed to perform the obligations of the Custodian as defined under Credit Support Annex Two (the “Custodian”).
On or before the Closing Date, the Custodian shall establish the Collateral Account. The Collateral Account shall be held in the name of the Custodian in trust for the benefit of the Holders of the Class A, Class M and Class B Certificates. The Collateral Account must be an Eligible Account segregated from the Certificate Account and any other moneys of the Trustee held pursuant to this Agreement and shall be entitled “Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3, Collateral Account, Supplemental Interest Trust Trustee, as Custodian for the benefit of holders of the Class A, Class M and Class B Certificates.”
The Custodian shall credit to Collateral Account all collateral (whether in the form of cash or securities) posted by Bear Stearns Financial Products Inc. to secure the obligations of Bear Stearns Financial Products Inc. in accordance with the terms of the Credit Support Annex Two. The Custodian shall maintain and apply all collateral and earnings thereon on deposit in the Collateral Account in accordance with Credit Support Annex Two.
Cash collateral posted by Bear Stearns Financial Products Inc. in accordance with Credit Support Annex Two shall be invested at the written direction of Bear Stearns Financial Products Inc. in Permitted Investments in accordance with the requirements of Credit Support Annex Two. All amounts earned on amounts on deposit in Collateral Account (whether cash collateral or securities) shall be for the account of and taxable to Bear Stearns Financial Products Inc. The Trustee shall not be liable for the selection of investments or investment losses incurred thereon.
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Upon the occurrence of an Event of Default or Specified Condition (each as defined in the Schedule) with respect to Bear Stearns Financial Products Inc. or upon occurrence or designation of an Early Termination Date (as defined in the Schedule) as a result of any such Event of Default or Specified Condition with respect to Bear Stearns Financial Products Inc., and, in either such case, unless Bear Stearns Financial Products Inc. has paid in full all of its Obligations (as defined in Credit Support Annex Two) that are then due, then any collateral posted by Bear Stearns Financial Products Inc. in accordance with Credit Support Annex Two, shall be applied by the Custodian to the payment of any Obligations due to Party B (each as defined in Credit Support Annex Two) in accordance with Credit Support Annex Two. Any excess collateral posted by Bear Stearns Financial Products Inc. in accordance with Credit Support Annex Two and remaining after payment of all amounts owing to Party B shall be withdrawn from the Collateral Account and paid to Bear Stearns Financial Products Inc. in accordance with Credit Support Annex Two.
Section 4.12. The Certificate Guaranty Insurance Policy.
(i) If the Trustee determines that an Insured Amount to be covered by the Certificate Guaranty Insurance Policy will exist for the related Distribution Date, the Trustee shall complete the notice in the form of Exhibit A to the Certificate Guaranty Insurance Policy (the “Notice”) and submit such Notice in accordance with the Certificate Guaranty Insurance Policy to the Certificate Insurer no later than 12:00 P.M., New York City time, on the second Business Day immediately preceding such Distribution Date, as a claim for the amount of such Insured Amount.
(ii) The Trustee shall establish and maintain the Insurance Account on behalf of the Holders of the Class AM Certificates over which the Trustee shall have the exclusive control and sole right of withdrawal. Upon receipt of an Insured Amount from the Certificate Insurer on behalf of the Holders of the Class AM Certificates, the Trustee shall deposit such Insured Amount in the Insurance Account and distribute such amount only for purposes of payment to the Class AM Certificates of the Insured Amount for which a claim was made. Any such Insured Amount may not be applied to satisfy any costs, expenses or liabilities of the Seller, the Depositor, the Trustee or the Trust Fund or to pay any other Class of Certificates. Amounts paid under the Certificate Guaranty Insurance Policy, to the extent needed to pay the Insured Amount, shall be disbursed by the Trustee to the Holders of the Class AM Certificates. It shall not be necessary for such payments to be made by checks or wire transfers separate from the checks or wire transfers used to pay other distributions to the Holders of the Class AM Certificates with other funds available to make such payment. However, the amount of any payment of principal or of interest on the Class AM Certificates to be paid from funds transferred from the Insurance Account shall be noted as provided in paragraph (d) below and in the statement to be furnished to Holders of the Class AM Certificates pursuant to Section 4.02. Funds held in the Insurance Account shall not be invested. Any funds remaining in the Insurance Account on the first Business Day following the later of (i) the related Distribution Date or (ii) the date received by the Trustee, shall be returned to the Certificate Insurer pursuant to the written instructions of the Certificate Insurer by the end of such Business Day.
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(iii) The Trustee shall keep a complete and accurate record of the amount of interest and principal paid in respect of the Class AM Certificates from moneys received under the Certificate Guaranty Insurance Policy. The Certificate Insurer shall have the right to inspect such records at reasonable times during normal business hours upon one Business Day’s prior notice to the Trustee.
(iv) In the event that the Trustee has received a certified copy of an order of the appropriate court that any Insured Amount has been voided in whole or in part as a preference payment under applicable bankruptcy law, the Trustee shall so notify the Certificate Insurer, shall comply with the provisions of the Certificate Guaranty Insurance Policy to obtain payment by the Certificate Insurer of such Preference Amount in the amount of such voided Insured Amount, and shall, at the time it provides notice to the Certificate Insurer, notify, by mail the Holders of the Class AM Certificates that, in the event any Holder’s Insured Amount is so recovered, such Holder of a Class AM Certificate will be entitled to payment pursuant to the Certificate Guaranty Insurance Policy, a copy of which shall be made available through the Trustee or the Certificate Insurer, and the Trustee shall furnish to the Certificate Insurer, its records evidencing the payments which have been made by the Trustee and subsequently recovered from the Holders of the Class AM Certificates and dates on which such payments were made.
(v) The Trustee shall promptly notify the Certificate Insurer of any proceeding or the institution of any action, of which a Responsible Officer of the Trustee has actual knowledge, seeking the avoidance as a preferential transfer under applicable bankruptcy, insolvency, receivership or similar law (a “Preference Claim”) of any distribution made with respect to the Class AM Certificates. Each Holder of a Class AM Certificate, by its purchase of such Class AM Certificate, the Depositor and the Trustee agree that the Certificate Insurer (so long as no Certificate Insurer Default exists) may at any time during the continuation of any proceeding relating to a Preference Claim direct all matters relating to such Preference Claim, including, without limitation, (i) the direction of any appeal of any order relating to such Preference Claim and (ii) the posting of any surety or performance bond pending any such appeal. In addition and without limitation of the foregoing, the Certificate Insurer shall be subrogated to, and each Holder of a Class AM Certificate and the Trustee hereby delegates and assigns to the Certificate Insurer, to the fullest extent permitted by law, the rights of the Trustee and each Holder of a Class AM Certificate in the conduct of any such Preference Claim, including, without limitation, all rights of any party to any adversary proceeding or action with respect to any court order issued in connection with any such Preference Claim.
(vi) The Trustee shall, upon retirement of the Class AM Certificates, furnish to the Certificate Insurer a notice of such retirement, and, upon retirement of the Class AM Certificates and the expiration of the term of the Certificate Guaranty Insurance Policy, surrender the Certificate Guaranty Insurance Policy to the Certificate Insurer for cancellation.
(vii) The Trustee will hold the Certificate Guaranty Insurance Policy in trust as agent for the Holders of the Class AM Certificates for the purpose of making claims thereon and distributing the proceeds thereof. Neither the Certificate Guaranty Insurance Policy nor the amounts paid on the Certificate Guaranty Insurance Policy will constitute part of the Trust Fund created by this Agreement. Each Holder of the Class AM Certificates, by accepting its Class AM Certificates, appoints the Trustee as attorney in fact for the purpose of making claims on the Certificate Guaranty Insurance Policy.
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(viii) Anything herein to the contrary notwithstanding, any payment with respect to principal of or interest on the Class AM Certificates, which is made with moneys received pursuant to the terms of the Certificate Guaranty Insurance Policy, shall not be considered payment of the Class AM Certificates from the Trust Fund. The Depositor and the Trustee acknowledge, and each Holder by its acceptance of a Class AM Certificate agrees, that without the need for any further action on the part of the Certificate Insurer, the Depositor or the Trustee (a) to the extent the Certificate Insurer makes payments, directly or indirectly, on account of principal or interest on the Class AM Certificates to the Holders of such Class AM Certificates, the Certificate Insurer will be fully subrogated to, and the Trustee and each Holder of a Class AM Certificate, hereby delegate and assign to the Certificate Insurer, to the fullest extent permitted by law, the rights of such Holders to receive such principal and interest from the Trust Fund, including, without limitation, any amounts due to the Holders of the Class AM Certificates, in respect of securities law violations arising from the offer and sale of the Class AM Certificates and (b) the Certificate Insurer shall be paid such amounts from the sources and in the manner provided herein for the payment of such amounts and as provided in this Agreement. The Trustee shall cooperate in all respects with any reasonable request by the Certificate Insurer for action to preserve or enforce the Certificate Insurer’s rights or interests under this Agreement without limiting the rights or affecting the interests of the Holders as otherwise set forth herein.
(ix) By accepting its Class AM Certificate, each Holder of a Class AM Certificate agrees that, unless a Certificate Insurer Default exists, the Certificate Insurer shall be deemed to be the Holder of the Class AM Certificate for all purposes (other than with respect to the receipt of payment on the Class AM Certificates) and shall have the right to exercise all rights (including, without limitation, voting rights) of the Holders of the Class AM Certificates under this Agreement without any further consent of the Holders of the Class AM Certificates. All notices, statement reports, certificates or opinions required by this Agreement to be sent to any Holders of Class AM Certificates shall also be sent to the Certificate Insurer.
Section 4.13. Class M Interest Reserve Fund.
(a) The Trustee shall establish and maintain in its name, in trust for the benefit of the Class M-4, Class M-5, Class M-6 and Class M-7 Certificates, the Class M Interest Reserve Fund, which shall be a segregated non-interest bearing trust account. On the Closing Date, the Depositor shall deposit into the Class M Interest Reserve Fund an amount equal to the sum of the Class M-4 Interest Reserve Fund Amount, the Class M-5 Interest Reserve Fund Amount, the Class M-6 Interest Reserve Fund Amount and the Class M-7 Interest Reserve Fund Amount. The Depositor will have no obligation to contribute additional amounts to the Class M Interest Reserve Fund after the Closing Date. The Class M Interest Reserve Fund will not receive any amounts from any Net Monthly Excess Cashflow.
On each Distribution Date as to which there is a Net WAC Shortfall Amount payable to any of the Class M-4, Class M-5, Class M-6 and Class M-7 Certificates, the Trustee shall withdraw an amount equal to such Net WAC Shortfall Amount (provided, however, that such amount shall not exceed the related Class M Interest Reserve Fund Amount) and distribute such amounts to the Holders of the Class M-4, Class M-5, Class M-6 and Class M-7 Certificates in respect of such Net WAC Shortfall Amount for each such Class in accordance with the fourth paragraph of Section 4.01(a). Any amount paid to the Holders of any Class M-4, Class M-5, Class M-6 and Class M-7 Certificates pursuant to the preceding sentence in respect of Net WAC Shortfall Amounts shall not be a payment with respect to a Regular Interest in a REMIC within the meaning of Section 860G(a)(1) of the Code. The Trustee shall not be liable for the selection of investments or investment losses incurred thereon.
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(b) The Class M Interest Reserve Fund is an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h) and shall be an asset of the Trust Fund but not an asset of any REMIC. The Depositor shall be the beneficial owner of the Class M Interest Reserve Fund, subject to the power of the Trustee to transfer amounts under Section 4.01. Amounts in the Class M Interest Reserve Fund shall, at the written direction of the Depositor, be invested in Permitted Investments that mature no later than the Business Day prior to the next succeeding Distribution Date. In the absence of such written direction, all funds in the Class M Interest Reserve Fund shall remain uninvested. All net income and gain from such investments shall be distributed to the Depositor, not as a distribution in respect of any interest in any REMIC, on each such Distribution Date. All amounts earned on amounts on deposit in the Class M Interest Reserve Fund shall be taxable to the Depositor. Any losses on such investments shall be refunded to the Class M Interest Reserve Fund by the Depositor out of its own funds immediately as realized. If any amounts remain in the Class M Interest Reserve Fund at the termination of the Trust Fund, they will be remitted to the Depositor.
Section 4.14. Pre-Funding Account.
(a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account or sub-account of a trust account, which shall be titled “Pre-Funding Account, Deutsche Bank National Trust Company, as trustee for the benefit of holders of Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3” (the “Pre-Funding Account”). The Pre-Funding Account shall be an Eligible Account or a sub-account of an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funding Amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Holders of the Certificates and the Certificate Insurer for the uses and purposes set forth herein.
(b) The Trustee shall invest funds deposited in the Pre-Funding Account as directed by the Depositor or its designee in writing in Permitted Investments with a maturity date no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, or, if no written direction is received by the Trustee from the Depositor, then funds in such account shall remain uninvested. The Trustee shall not be liable for the selection of investments or investment losses incurred thereon. For federal income tax purposes, the Depositor or its designee shall be the owner of the Pre-Funding Account and shall report all items of income, deduction, gain or loss arising therefrom. All income and gain realized from investment of funds deposited in the Pre-Funding Account shall be transferred to the Interest Coverage Account on the Business Day immediately preceding each Distribution Date during the Pre-Funding Period. The Depositor or its designee shall deposit in the Pre-Funding Account the amount of any net loss incurred in respect of any such Permitted Investment immediately upon realization of such loss without any right of reimbursement therefor. At no time will the Pre-Funding Account be an asset of any REMIC created hereunder.Amounts on deposit in the Pre-Funding Account shall be withdrawn by the Trustee as follows:
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(i) On any Subsequent Transfer Date, the Trustee shall withdraw from the Pre-Funding Account an amount equal to 100% of the Stated Principal Balances of the subsequent mortgage loans (as identified on the Mortgage Loan Schedule provided by the Depositor) transferred and assigned to the Trustee for deposit on such Subsequent Transfer Date and remit such amount to the Depositor;
(ii) If the amount on deposit in the Pre-Funding Account (exclusive of investment income) has not been reduced to zero by the close of business on the date of termination of the Pre-Funding Period, then at the close of business on such date, the Trustee shall deposit into the Distribution Account any amounts remaining in the Pre-Funding Account (exclusive of investment income) for distribution in accordance with Section 4.01; and
(iii) To withdraw any amount not required to be deposited in the Pre-Funding Account or deposited therein in error; and
Withdrawals pursuant to clauses (i), (ii) and (iv) shall be treated as contributions of cash to REMIC I on the date of withdrawal.
Section 4.15. Interest Coverage Account.
(a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account or a sub-account of a trust account, which shall be titled “Interest Coverage Account, Deutsche Bank National Trust Company, as trustee for the benefit of holders of Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3” (the “Interest Coverage Account”). The Interest Coverage Account shall be an Eligible Account or a sub-account of an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Initial Interest Coverage Deposit remitted on the Closing Date to the Trustee by the Depositor and all income and gain realized from investment of funds on deposit in the Pre-Funding Account pursuant to Section 4.14(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee for the Certificateholders and the Certificate Insurer for the uses and purposes set forth herein.
(b) For federal income tax purposes, the Depositor shall be the owner of the Interest Coverage Account and shall report all items of income, deduction, gain or loss arising therefrom. At no time will the Interest Coverage Account be an asset of any REMIC created hereunder. All income and gain realized from investment of funds deposited in the Interest Coverage Account, which investment shall be made solely upon the written direction of the Depositor, shall be for the sole and exclusive benefit of the Depositor and shall be remitted by the Trustee to the Depositor no later than the first Business Day following receipt of such income and gain by the Trustee. If no written direction with respect to such investment shall be received by the Trustee from the Depositor, then funds in such Account shall remain uninvested. The Trustee shall not be liable for the selection of investments or investment losses incurred thereon. The Depositor shall deposit in the Interest Coverage Account the amount of any net loss incurred in respect of any such Permitted Investment immediately upon realization of such loss and any additional amounts necessary to make the distributions pursuant to paragraph (c) to the extent that amounts on deposit in the Interest Coverage Account are insufficient.
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(c) On each Distribution Date during the Pre-Funding Period and on the day of termination of the Pre-Funding Period, the Trustee shall withdraw from the Interest Coverage Account and deposit in the Distribution Account an amount equal to the Interest Coverage Distribution Amount for such Distribution Date. Such withdrawal and deposit shall be treated as a contribution of cash by the Depositor to REMIC I on the date thereof. Immediately following any such withdrawal and deposit, and immediately following the conveyance of any Subsequent Mortgage Loan to the Trust on any Subsequent Transfer Date, the Trustee shall, at the request of the Depositor, withdraw from the Interest Coverage Account and remit to the Depositor or its designee an amount equal to the excess, if any, of the amount remaining in such Interest Coverage Account over the amount that would be required to be withdrawn therefrom (assuming sufficient funds therein) pursuant to the first sentence of this paragraph on each subsequent Distribution Date, if any, that will occur during the Pre-Funding Period or on the day of termination of the Pre-Funding Period if no Subsequent Mortgage Loan were acquired by the Trust Fund after the end of the Prepayment Period relating to the current Distribution Date or the Distribution Date following the end of the Pre-Funding Period, as applicable. On the day of termination of the Pre-Funding Period, the Trustee shall withdraw from the Interest Coverage Account and remit to the Depositor or its designee the amount remaining in such Interest Coverage Account after payment of the amount required to be withdrawn therefrom pursuant to the first sentence of this paragraph on the day of termination of the Pre-Funding Period.
(d) Upon the earliest of (i) the Distribution Date immediately following the end of the Pre-Funding Period, (ii) the reduction of the Certificate Principal Balance of the Certificates to zero and (iii) the termination of this Agreement in accordance with Section 9.01, any amount remaining on deposit in the Interest Coverage Account after distributions pursuant to paragraph (c) above shall be withdrawn by the Trustee and paid to the Depositor or its designee.
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ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates.
(a) The Certificates will be substantially in the respective forms annexed hereto as Exhibits A and B-1 through B-5. The Certificates will be issuable in registered form only. The Certificates (other than the Class P, Class C and Class R Certificates) will be issued in minimum denominations of $25,000 Initial Certificate Principal Balance and integral multiples of $1 in excess thereof. The Class C Certificates will be issued in minimum denominations of $1.00 Initial Notional Amount and integral multiples of $1.00 in excess thereof. The Class P Certificates and the Class R Certificates will each be issuable in minimum denominations of any Percentage Interest representing 10.00% and multiples of 0.01% in excess thereof.
Upon original issue, the Certificates shall, upon the written request of the Depositor executed by an officer of the Depositor, be executed and delivered by the Trustee, authenticated by the Trustee and delivered to or upon the order of the Depositor upon receipt by the Trustee of the documents specified in Section 2.01. The Certificates shall be executed by manual or facsimile signature on behalf of the Trustee in its capacity as trustee hereunder by a Responsible Officer. Certificates bearing the manual or facsimile signatures of individuals who were at the time they signed the proper officers of the Trustee shall bind the Trustee, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Certificates or did not hold such offices at the date of such Certificates. No Certificate shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless there appears on such Certificate a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder. All Certificates issued on the Closing Date shall be dated the Closing Date and any Certificates delivered thereafter shall be dated the date of their authentication.
(b) The Class A, Class M and Class B Certificates shall initially be issued as one or more Certificates registered in the name of the Depository or its nominee and, except as provided below, registration of such Certificates may not be transferred by the Trustee except to another Depository that agrees to hold such Certificates for the respective Certificate Owners with Ownership Interests therein. The Certificate Owners shall hold their respective Ownership Interests in and to each of such Book-Entry Certificates through the book-entry facilities of the Depository and, except as provided below, shall not be entitled to Definitive Certificates in respect of such Ownership Interests. All transfers by Certificate Owners of their respective Ownership Interests in the Book-Entry Certificates shall be made in accordance with the procedures established by the Depository Participant or brokerage firm representing such Certificate Owner. Each Depository Participant shall transfer the Ownership Interests only in the Book-Entry Certificates of Certificate Owners it represents or of brokerage firms for which it acts as agent in accordance with the Depository's normal procedures. The Trustee shall not be required to monitor, determine or inquire as to compliance with the transfer restrictions with respect to the Book-Entry Certificates, and the Trustee shall have no liability for transfers of Ownership Interests in the Book Entry Certificates made through the book-entry facilities of the Depositary or between or among Depositary Participants or Certificate Owners, made in violation of the applicable restrictions.
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The Trustee, the Master Servicer and the Depositor may for all purposes (including the making of payments due on the respective Classes of Book-Entry Certificates) deal with the Depository as the authorized representative of the Certificate Owners with respect to the respective Classes of Book-Entry Certificates for the purposes of exercising the rights of Certificateholders hereunder. The rights of Certificate Owners with respect to the respective Classes of Book-Entry Certificates shall be limited to those established by law and agreements between such Certificate Owners and the Depository Participants and brokerage firms representing such Certificate Owners. Multiple requests and directions from, and votes of, the Depository as Holder of any Class of Book-Entry Certificates with respect to any particular matter shall not be deemed inconsistent if they are made with respect to different Certificate Owners. The Trustee may establish a reasonable record date in connection with solicitations of consents from or voting by Certificateholders and shall give notice to the Depository of such record date.
If (i)(A) the Depositor advises the Trustee in writing that the Depository is no longer willing or able to properly discharge its responsibilities as Depository and (B) the Depositor is unable to locate a qualified successor or (ii) the Depositor at its option advises the Trustee in writing that it elects to terminate the book-entry system through the Depository, the Trustee shall notify all Certificate Owners, through the Depository, of the occurrence of any such event and of the availability of Definitive Certificates to Certificate Owners requesting the same. Upon surrender to the Trustee of the Book-Entry Certificates by the Depository, accompanied by registration instructions from the Depository for registration of transfer, the Trustee shall, at the expense of the Depositor, issue the Definitive Certificates. Neither the Depositor, the Master Servicer nor the Trustee shall be liable for any actions taken by the Depository or its nominee, including, without limitation, any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of Definitive Certificates the Trustee and the Master Servicer shall recognize the Holders of the Definitive Certificates as Certificateholders hereunder.
(c) Each Certificate is intended to be a “security” governed by Article 8 of the Uniform Commercial Code as in effect in the State of New York and any other applicable jurisdiction, to the extent that any of such laws may be applicable.
Section 5.02. Registration of Transfer and Exchange of Certificates.
(a) The Trustee shall maintain a Certificate Register in which, subject to such reasonable regulations as it may prescribe, the Trustee shall provide for the registration of Certificates and of transfers and exchanges of Certificates as herein provided.
(b) Except as provided in Section 5.02(c), no transfer, sale, pledge or other disposition of a Class P, Class C or Class R Certificate shall be made unless such transfer, sale, pledge or other disposition is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Act”), and any applicable state securities laws or is made in accordance with said Act and laws. In the event that a transfer of a Class P, Class C or Class R Certificate is to be made under this Section 5.02(b), (i) the Trustee shall require an Opinion of Counsel acceptable to and in form and substance satisfactory to the Trustee that such transfer shall be made pursuant to an exemption, describing the applicable exemption and the basis therefor, from said Act and laws or is being made pursuant to said Act and laws, which Opinion of Counsel shall not be an expense of the Trustee, the Depositor or the Master Servicer, provided that such Opinion of Counsel will not be required in connection with the initial transfer of any such Certificate by the Depositor or any affiliate thereof, to a non-affiliate of the Depositor and (ii) the Trustee shall require the transferee to execute a representation letter, substantially in the form of Exhibit G-1 hereto, and the Trustee shall require the transferor to execute a representation letter, substantially in the form of Exhibit G-2 hereto, each acceptable to and in form and substance satisfactory to the Trustee certifying to the Depositor and the Trustee the facts surrounding such transfer, which representation letters shall not be an expense of the Trustee, the Depositor or the Master Servicer; provided, however, that such representation letters will not be required in connection with any transfer of any such Certificate by the Depositor to an affiliate of the Depositor and the Trustee shall be entitled to conclusively rely upon a representation (which, upon the request of the Trustee, shall be a written representation) from the Depositor of the status of such transferee as an affiliate of the Depositor. Any such Certificateholder desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee, the Depositor and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such applicable federal and state laws.
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No transfer of any Class C Certificate shall be made unless the proposed transferee of such Class C Certificate (1) provides to the Trustee the appropriate tax certification forms that would eliminate any withholding or deduction for taxes from amounts payable by the Swap Provider, pursuant to the related Interest Rate Swap Agreement, and by the Cap Counterparties, pursuant to the Cap Contacts, to the Supplemental Interest Trust (i.e., IRS Form W-9 or IRS Form W-8BEN, W-8IMY, W-8EXP or W-8ECI, as applicable (or any successor form thereto), together with any applicable attachments) and (2) agrees to update such forms (i) upon expiration of any such forms, (ii) as required under then applicable U.S. Treasury regulations and (iii) promptly upon learning that such forms have become obsolete or incorrect, each as a condition to such transfer. In addition, no transfer of any Class C Certificate shall be made if such transfer would cause the Supplemental Interest Trust to be beneficially owned by two or more persons for federal income tax purposes, or continue to be so treated, unless (i) each proposed transferee of such Class C Certificate complies with the foregoing conditions, and (ii) the proposed majority holder of the Class C Certificates (or each holder, if there is or would be no majority holder) (A) provides, or causes to be provided, on behalf of the Supplemental Interest Trust, if applicable, to the Trustee the appropriate tax certification forms that would be required from the Supplemental Interest Trust to eliminate any withholding or deduction for taxes from amounts payable by the Swap Provider, pursuant to the Interest Rate Swap Agreement, and by the Cap Counterparties, pursuant to the Cap Contacts, to the Supplemental Interest Trust (i.e., IRS Form W-9 or IRS Form W-8BEN, W-8IMY, W-8EXP or W-8ECI, as applicable (or any successor form thereto), together with any applicable attachments) and (B) agrees to update such forms (x) upon expiration of any such forms, (y) as required under then applicable U.S. Treasury regulations and (z) promptly upon learning that such forms have become obsolete or incorrect. If, under applicable U.S. Treasury regulations, such tax certification forms may only be signed by a trustee acting on behalf of the Supplemental Interest Trust, then the Trustee, as the Supplemental Interest Trust Trustee, shall sign such certification forms if so directed by a Holder of the Class C Certificates. Upon receipt of any such tax certification forms from a proposed transferee or Holder of any Class C Certificate, the Trustee, as the Supplemental Interest Trust Trustee, shall forward a copy of such tax certification forms provided to it to the Swap Provider and the Cap Counterparties. Each Holder of a Class C Certificate and each transferee thereof shall be deemed to have consented to the Trustee, as the Supplemental Interest Trust Trustee, forwarding to the Swap Provider and Cap Counterparties any tax certification form it has provided and updated in accordance with these transfer restrictions. Any purported sales or transfers of any Class C Certificate to a transferee which does not comply with the requirements of this paragraph shall be deemed null and void under this Agreement.
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The Trustee shall not be liable for the content or truthfulness of any such tax certification forms provided to it. The Trustee shall only be required to forward any tax certification forms received by it to the Swap Provider and Cap Counterparties at the last known address provided to it, and shall not be liable for the receipt of such tax certification forms by the Swap Provider or the Cap Counterparties, nor any failure of the Swap Provider or Cap Counterparties to process such forms or to take any action as required under the respective Interest Rate Swap Agreement or Cap Contract, or under applicable law. The Trustee shall have no duty to take action to correct any misstatement or omission in any tax certification forms provided to it and forwarded to the Swap Provider and Cap Counterparties.
(c) Notwithstanding the requirements of Section 5.02(b), transfers of Class B, Class P, Class C and Class R Certificates may be made in accordance with this Section 5.02(c) if the prospective transferee of a Certificate provides the Trustee and the Depositor with an investment letter substantially in the form of Exhibit G-3 attached hereto, which investment letter shall not be an expense of the Trustee, the Depositor or the Master Servicer, and which investment letter states that, among other things, such transferee is a “qualified institutional buyer” as defined under Rule 144A. Such transfers shall be deemed to have complied with the requirements of Section 5.02(b) hereof. Any such Certificateholder desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee, the Depositor and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such applicable federal and state laws.
The Trustee shall require an Opinion of Counsel, on which the Trustee, Depositor and Master Servicer may rely, from a prospective transferee prior to the transfer of any Class P, Class C and Class R Certificate to any employee benefit plan or other retirement arrangement, including individual retirement accounts and Keogh plans, that is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or Section 4975 of the Code (any of the foregoing, a “Plan”), to a trustee or other Person acting on behalf of any Plan, or to any other person who is using “plan assets” of any Plan to effect such acquisition (including any insurance company using funds in its general or separate accounts that may constitute “plan assets” of a Plan). Such Opinion of Counsel must establish to the satisfaction of the Trustee that such transfer is permissible under applicable law, will not constitute or result in a prohibited transaction under Section 406 of ERISA and Section 4975 of the Code, and will not subject the Trustee, the Master Servicer or the Depositor to any obligation in addition to those undertaken in this Agreement. Neither the Depositor, the Master Servicer nor the Trustee, will be required to obtain such Opinion of Counsel on behalf of any prospective transferee.
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Prior to the termination of the Supplemental Interest Trust, each beneficial owner of a Class A, Class M and Class B Certificate or any interest therein, shall be deemed to have represented, by virtue of its acquisition or holding of the Class A, Class M and Class B Certificate, or interest therein, that either (i) it is not a Plan or (ii) (A) it is an accredited investor within the meaning of Prohibited Transaction Exemption 2007-05 (the “Exemption”) and (B) the acquisition and holding of such Certificate and the separate right to receive payments from the Supplemental Interest Trust are eligible for the exemptive relief available under one of Prohibited Transaction Class Exemption (“PTCE”) 84-14, 91-38, 95-60, 90-1 or 96-23.
Each beneficial owner of a Subordinate Certificate or any interest therein which is acquired subsequent to the termination of the Supplemental Interest Trust shall be deemed to have represented, by virtue of its acquisition or holding of that Certificate or interest therein, that either (i) it is not a Plan or a trustee or other Person acting on behalf of a Plan or using “plan assets” of a Plan to effect such acquisition (including any insurance company using funds in its general or separate accounts that may constitute “plan assets”), (ii) it has acquired and is holding such Certificate in reliance on the Exemption, in the case of a privately offered certificate, it is an “accredited investor” as defined in Rule 501(a)(1) of Regulation D of the Securities Act of 1933, as amended, and that it understands that there are certain conditions to the availability of the Exemption, including that the Certificate must be rated, at the time of purchase, not lower than “BBB-” (or its equivalent) by Standard & Poor’s, Fitch Ratings, Inc., Moody’s, Dominion Bond Rating Service Limited (known as DBRS Limited) or Dominion Bond Rating Service, Inc. (known as DBRS, Inc.) and the Certificate is so rated or (iii) (1) it is an insurance company, (2) the source of funds used to acquire or hold the Certificate or interest therein is an “insurance company general account,” as such term is defined in PTCE 95-60, and (3) the conditions in Sections I and III of PTCE 95-60 have been satisfied.
(d) [Reserved]
(e) (i) Each Person who has or who acquires any Ownership Interest in a Class R Certificate shall be deemed by the acceptance or acquisition of such Ownership Interest to have agreed to be bound by the following provisions and to have irrevocably authorized the Trustee or its designee under clause (iii)(A) below to deliver payments to a Person other than such Person and to negotiate the terms of any mandatory sale under clause (iii)(B) below and to execute all instruments of transfer and to do all other things necessary in connection with any such sale. The rights of each Person acquiring any Ownership Interest in a Class R Certificate are expressly subject to the following provisions:
(A) Each Person holding or acquiring any Ownership Interest in a Class R Certificate shall be a Permitted Transferee and shall promptly notify the Trustee of any change or impending change in its status as a Permitted Transferee.
(B) In connection with any proposed Transfer of any Ownership Interest in a Class R Certificate, the Trustee shall require delivery to it, and shall not register the Transfer of any Class R Certificate until its receipt, of (I) an affidavit and agreement in the form attached hereto as Exhibit G-5 (a “Transferee Affidavit and Agreement”) from the proposed Transferee, in form and substance satisfactory to the Trustee representing and warranting, among other things, that it is a Permitted Transferee, that it is not acquiring its Ownership Interest in the Class R Certificate that is the subject of the proposed Transfer as a nominee, trustee or agent for any Person who is not a Permitted Transferee, that for so long as it retains its Ownership Interest in a Class R Certificate, it will endeavor to remain a Permitted Transferee, and that it has reviewed the provisions of this Section 5.02 and agrees to be bound by them, and (II) an affidavit, in the form attached hereto as Exhibit G-4, from the Holder wishing to transfer the Class R Certificate, in form and substance satisfactory to the Trustee representing and warranting, among other things, that no purpose of the proposed Transfer is to impede the assessment or collection of tax and that it has no knowledge that the proposed transferee is not a Permitted Transferee (“Transferor Affidavit”).
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(C) Notwithstanding the delivery of a Transfer Affidavit and Agreement by a proposed Transferee under clause (B) above, if a Responsible Officer of the Trustee assigned to this transaction has actual knowledge that the proposed Transferee is not a Permitted Transferee, no Transfer of an Ownership Interest in a Class R Certificate to such proposed Transferee shall be effected.
(D) Each Person holding or acquiring any Ownership Interest in a Class R Certificate shall agree (x) to require a Transferee Affidavit and Agreement from any other Person to whom such Person attempts to transfer its Ownership Interest in a Class R Certificate and (y) not to transfer its Ownership Interest unless it provides a Transferor Affidavit to the Trustee.
(E) Each Person holding or acquiring an Ownership Interest in a Class R Certificate, by purchasing an Ownership Interest in such Certificate, agrees to give the Trustee written notice that it is a “pass-through interest holder” within the meaning of Temporary Treasury Regulations Section 1.67-3T(a)(2)(i)(A) immediately upon acquiring an Ownership Interest in a Class R Certificate, if it is “a pass-through interest holder”, or is holding an Ownership Interest in a Class R Certificate on behalf of a “pass-through interest holder.”
(ii) The Trustee will register the Transfer of any Class R Certificate only if it shall have received the Transferee Affidavit and Agreement, a Transferor Affidavit of the Holder requesting such transfer and all of such other documents as shall have been reasonably required by the Trustee as a condition to such registration. Transfers of the Class R Certificates other than to Permitted Transferees are prohibited.
(iii) (A) If any Person other than a Permitted Transferee shall become a Holder of a Class R Certificate, then the last preceding Permitted Transferee shall be restored, to the extent permitted by law, to all rights and obligations as Holder thereof retroactive to the date of registration of such Transfer of such Class R Certificate. If a transfer of a Class R Certificate is disregarded pursuant to the provisions of Treasury Regulations Section 1.860E-1 or Section 1.860G-3, then the last preceding Permitted Transferee shall be restored, to the extent permitted by law, to all rights and obligations as Holder thereof retroactive to the date of registration of such transfer of such Class R Certificate. The prior Holder shall be entitled to recover from any purported Holder of a Class R Certificate that was in fact not a Permitted Transferee under this Section 5.02(e) at the time it became a Holder all payments made on such Class R Certificate. Each Holder of a Class R Certificate, by acceptance thereof, shall be deemed for all purposes to have consented to the provisions of this Section 5.02(e) and to any amendment of this Agreement deemed necessary (whether as a result of new legislation or otherwise) by counsel of the Depositor to ensure that the Class R Certificates are not transferred to any Person who is not a Permitted Transferee and that any transfer of such Class R Certificates will not cause the imposition of a tax upon the Trust or cause any such REMIC to fail to qualify as a REMIC. Neither the Trustee nor the Trustee shall be under any liability to any Person for any registration of Transfer of a Class R Certificate that is in fact not permitted by this Section 5.02 or for making any payments due on such Certificate to the Holder thereof or for taking any other action with respect to such Holder under the provisions of this Agreement.
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(B) If any purported Transferee shall become a Holder of a Class R Certificate in violation of the restrictions in this Section 5.02 and to the extent that the retroactive restoration of the rights of the Holder of such Class R Certificate as described in clause (iii)(A) above shall be invalid, illegal or unenforceable, then the Trustee shall have the right, without notice to the Holder or any prior Holder of such Class R Certificate, to sell such Class R Certificate to a purchaser selected by the Trustee on such terms as the Trustee may choose. Such purported Transferee shall promptly endorse and deliver each Class R Certificate in accordance with the instructions of the Trustee. Such purchaser may be the Trustee itself. The proceeds of such sale, net of the commissions (which may include commissions payable to the Trustee), expenses and taxes due, if any, will be remitted by the Trustee to such purported Transferee. The terms and conditions of any sale under this clause (iii)(B) shall be determined in the sole discretion of the Trustee, and the Trustee shall not be liable to any Person having an Ownership Interest in a Class R Certificate as a result of its exercise of such discretion.
(iv) The Trustee shall make available to the Internal Revenue Service and those Persons specified by the REMIC Provisions, all information necessary to compute any tax imposed (A) as a result of the transfer of an ownership interest in a Class R Certificate to any Person who is a Disqualified Organization, including the information regarding “excess inclusions” of such Class R Certificates required to be provided to the Internal Revenue Service and certain Persons as described in Treasury Regulations Sections 1.860D-1(b)(5) and 1.860E-2(a)(5), and (B) as a result of any regulated investment company, real estate investment trust, common trust fund, partnership, trust, estate or organization described in Section 1381 of the Code that holds an Ownership Interest in a Class R Certificate having as among its record Holders at any time any Person who is a Disqualified Organization. The Trustee may charge and shall be entitled to reasonable compensation for providing such information as may be required from those Persons which may have had a tax imposed upon them as specified in clauses (A) and (B) of this paragraph for providing such information.
(f) Subject to the preceding paragraphs, upon surrender for registration of transfer of any Certificate at the office of the Trustee maintained for such purpose, the Trustee shall execute and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Certificates of the same Class of a like aggregate Percentage Interest. Every Certificate surrendered for transfer shall be accompanied by notification of the account of the designated transferee or transferees for the purpose of receiving distributions pursuant to Section 4.01 by wire transfer, if any such transferee desires and is eligible for distribution by wire transfer.
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(g) At the option of the Certificateholders, Certificates may be exchanged for other Certificates of authorized denominations of the same Class of a like aggregate Percentage Interest, upon surrender of the Certificates to be exchanged at the office of the Trustee. Whenever any Certificates are so surrendered for exchange the Trustee shall execute, authenticate and deliver the Certificates which the Certificateholder making the exchange is entitled to receive. Every Certificate presented or surrendered for transfer or exchange shall (if so required by the Trustee) be duly endorsed by, or be accompanied by a written instrument of transfer in the form satisfactory to the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing. In addition, with respect to each Class R Certificate, the Holder thereof may exchange, in the manner described above, such Class R Certificate for three separate Certificates, each representing such Holder's respective Percentage Interest in the Class R-1 Interest, the Class R-2 Interest and the Class R-3 Interest, respectively, in each case that was evidenced by the Class R Certificate being exchanged.
(h) No service charge shall be made to the Certificateholders for any transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
(i) All Certificates surrendered for transfer and exchange shall be canceled and retained by the Trustee in accordance with the Trustee’s standard procedures.
Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.
If (i) any mutilated Certificate is surrendered to the Trustee and the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Certificate, and (ii) there is delivered to the Trustee such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to the Trustee that such Certificate has been acquired by a bona fide purchaser, the Trustee shall execute, authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of the same Class and Percentage Interest. Upon the issuance of any new Certificate under this Section, the Trustee may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. Any replacement Certificate issued pursuant to this Section shall constitute complete and indefeasible evidence of ownership in the Trust Fund, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.
Section 5.04. Persons Deemed Owners.
The Depositor, the Master Servicer, the Trustee and any agent of any of them may treat the person in whose name any Certificate is registered as the owner of such Certificate for the purpose of receiving distributions pursuant to Section 4.01 and for all other purposes whatsoever, and neither the Depositor, the Master Servicer, the Trustee nor any agent of any of them shall be affected by notice to the contrary.
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Section 5.05. Rule 144A Information.
For so long as any Class P, Class C and Class R are outstanding and are “restricted securities” within the meaning of Rule 144(a)(3) of the Securities Act, (1) the Depositor will provide or cause to be provided to any Holder of such Certificates and any prospective purchaser thereof designated by such a Holder, upon the request of such Holder or prospective purchaser, the information required to be provided to such Holder or prospective purchaser by Rule 144A(d)(4) under the Securities Act; and (2) the Depositor shall update such information from time to time in order to prevent such information from becoming false and misleading and will take such other actions as are necessary to ensure that the safe harbor exemption from the registration requirements of the Securities Act under Rule 144A is and will be available for resales of such Certificates conducted in accordance with Rule 144A. The Master Servicer shall cooperate with the Depositor and furnish the Depositor such information in the Master Servicer's possession as the Depositor may reasonably request.
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ARTICLE VI
THE DEPOSITOR AND THE MASTER SERVICER
Section 6.01. Liability of the Depositor and the Master Servicer.
The Depositor and the Master Servicer each shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by the Depositor and the Master Servicer herein. Only the Master Servicer, any successor Master Servicer or the Trustee acting as Master Servicer shall be liable with respect to the servicing of the Mortgage Loans and the REO Property for actions taken by any such Person in contravention of the Master Servicer's duties hereunder.
Section 6.02. Merger, Consolidation or Conversion of the Depositor or the Master Servicer.
The Depositor and the Master Servicer each will keep in full effect its existence, rights and franchises as a corporation under the laws of the state of its incorporation, and each will obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the Certificates or any of the Mortgage Loans and to perform its respective duties under this Agreement.
Any Person into which the Depositor or the Master Servicer may be merged, consolidated or converted, or any corporation resulting from any merger or consolidation to which the Depositor or the Master Servicer shall be a party, or any Person succeeding to the business of the Depositor or the Master Servicer, shall be the successor of the Depositor or the Master Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Master Servicer shall be qualified to sell mortgage loans to and service mortgage loans for Fannie Mae or Freddie Mac.
Section 6.03. Limitation on Liability of the Depositor, the Master Servicer and Others.
Neither the Depositor, the Master Servicer nor any of the directors, officers, employees or agents of the Depositor or the Master Servicer shall be under any liability to the Trust Fund or the Certificateholders for any action taken or for refraining from the taking of any action in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that this provision shall not protect the Depositor or the Master Servicer (but this provision shall protect the above described persons) against any breach of warranties or representations made herein, or against any specific liability imposed on the Master Servicer pursuant to Section 3.01 or any other Section hereof; and provided further that this provision shall not protect the Depositor, the Master Servicer or any such person, against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of duties or by reason of reckless disregard of obligations and duties hereunder. The Depositor, the Master Servicer and any director, officer, employee or agent of the Depositor or the Master Servicer may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder. The Depositor, the Master Servicer and any director, officer, employee or agent of the Depositor or the Master Servicer shall be indemnified and held harmless by the Trust Fund against any loss, liability or expense incurred in connection with any legal action relating to this Agreement or the Certificates (including reasonable legal fees and disbursements of counsel), other than (a) any loss, liability or expense related to Master Servicer's servicing obligations with respect to any specific Mortgage Loan or Mortgage Loans (except as any such loss, liability or expense shall be otherwise reimbursable pursuant to this Agreement) or related to the Master Servicer's obligations under Section 3.01, or (b) any loss, liability or expense incurred by reason of willful misfeasance, bad faith or gross negligence in the performance of duties hereunder or by reason of reckless disregard of obligations and duties hereunder. Neither the Depositor nor the Master Servicer shall be under any obligation to appear in, prosecute or defend any legal action which is not incidental to its respective duties under this Agreement and which in its opinion may involve it in any expense or liability; provided, however, that the Depositor or the Master Servicer may in its sole discretion undertake any such action which it may deem necessary or desirable with respect to this Agreement and the rights and duties of the parties hereto and the interests of the Certificateholders hereunder. In such event, the legal expenses and costs of such action and any liability resulting therefrom (except any action or liability related to the Master Servicer's obligations under Section 3.01) shall be expenses, costs and liabilities of the Trust Fund, and the Depositor and the Master Servicer shall be entitled to be reimbursed therefor from the Certificate Account as provided in Section 3.11, any such right of reimbursement being prior to the rights of Certificateholders to receive any amount in the Certificate Account.
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Section 6.04. Limitation on Resignation of the Master Servicer.
The Master Servicer shall not resign from the obligations and duties hereby imposed on it except (a) upon appointment of a successor servicer reasonably acceptable to the Trustee and the Certificate Insurer upon receipt by the Trustee and Certificate Insurer (unless an Insurer Default has occurred and is continuing) of a letter from each Rating Agency (obtained by the Master Servicer and at its expense) that such a resignation and appointment will not, in and of itself, result in a downgrading of the Certificates without taking the Certificate Guaranty Insurance Policy into account or (b) upon determination that its duties hereunder are no longer permissible under applicable law. Any such determination permitting the resignation of the Master Servicer shall be evidenced by an Opinion of Counsel (at the expense of the resigning Master Servicer) to such effect delivered to the Trustee and the Certificate Insurer. No such resignation shall become effective until the Trustee or a successor servicer shall have assumed the Master Servicer's responsibilities, duties, liabilities and obligations hereunder.
Section 6.05. Sale and Assignment of Master Servicing.
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The Master Servicer may sell and assign its rights and delegate its duties and obligations in their entirety as Master Servicer under this Agreement; provided, however, that: (i) the purchaser or transferee accepting such assignment and delegation (a) shall be a Person which shall be qualified to service mortgage loans for Fannie Mae or Freddie Mac; (b) shall, in the case of successor master servicers only, have a net worth of not less than $10,000,000 (unless otherwise approved by each Rating Agency pursuant to clause (ii) below); (c) shall be reasonably satisfactory to the Trustee and the Certificate Insurer (unless an Insurer Default has occurred and is continuing) (as evidenced in a writing signed by the Trustee and the Certificate Insurer) as having a comparable servicing ability to that of the Master Servicer on the Closing Date; (d) shall execute and deliver to the Trustee and the Certificate Insurer an agreement, in form and substance reasonably satisfactory to the Trustee and the Certificate Insurer, which contains an assumption by such Person of the due and punctual performance and observance of each covenant and condition to be performed or observed by it as master servicer under this Agreement and any custodial agreement, from and after the effective date of such agreement; (ii) each Rating Agency shall be given prior written notice of the identity of the proposed successor to the Master Servicer and each Rating Agency's rating of the Certificates in effect immediately prior to such assignment, sale and delegation will not be downgraded or withdrawn as a result of such assignment, sale and delegation without taking the Certificate Guaranty Insurance Policy into account, as evidenced by a letter to such effect obtained by the Master Servicer at its expense and delivered to the Trustee; and (iii) the Master Servicer assigning and selling the master servicing shall deliver to the Trustee an Officer's Certificate and an Opinion of Counsel (at the expense of the Master Servicer), each stating that all conditions precedent to such action under this Agreement have been completed and such action is permitted by and complies with the terms of this Agreement. No such assignment or delegation shall affect any liability of the Master Servicer arising prior to the effective date thereof.
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ARTICLE VII
DEFAULT
Section 7.01. Events of Default.
“Event of Default”, wherever used herein, means any one of the following events:
(i) any failure by the Master Servicer to deposit into the Certificate Account on each Certificate Account Deposit Date the amounts required to be deposited therein (other than an Advance) under the terms of this Agreement which continues unremedied for two (2) Business Days after such amount was required to be remitted; or
(ii) any failure on the part of the Master Servicer duly to observe or perform in any material respect any other of the covenants or agreements on the part of the Master Servicer contained in the Certificates or in this Agreement (including any breach of the Master Servicer's representations and warranties pursuant to Section 2.03(a) which materially and adversely affects the interests of the Certificateholders) which continues unremedied for a period of 60 days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Master Servicer by the Trustee or the Certificate Insurer, or to the Master Servicer, the Certificate Insurer and the Trustee by the Holders of Certificates entitled to at least 25% of the Voting Rights; or
(iii) a decree or order of a court or agency or supervisory authority having jurisdiction in an involuntary case under any present or future federal or state bankruptcy, insolvency or similar law or the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Master Servicer and such decree or order shall have remained in force undischarged or unstayed for a period of 60 consecutive days; or
(iv) the Master Servicer shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to the Master Servicer or of or relating to all or substantially all of its property; or
(v) the Master Servicer shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of or otherwise voluntarily commence a case or proceeding under any applicable bankruptcy, insolvency, reorganization or other similar statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations; or
(vi) the Master Servicer shall fail to deposit in the Certificate Account on any Certificate Account Deposit Date an amount equal to any required Advance which continues unremedied for the earlier of (a) a period of two (2) Business Days or (b) the Business Day immediately preceding the Distribution Date.
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If an Event of Default described in clauses (i) - (v) of this Section shall occur, then, and in each and every such case, so long as such Event of Default shall not have been remedied, the Trustee, the Certificate Insurer (unless an Insurer Default has occurred and is continuing) or the Holders of Certificates entitled to at least 51% of the Voting Rights (with the consent of the Certificate Insurer), by notice in writing to the Master Servicer and the Swap Provider (and to the Trustee if given by such Holders of Certificates), with a copy to the Rating Agencies, may terminate all of the rights and obligations (but not the liabilities) of the Master Servicer under this Agreement and in and to the Trust Fund, other than its rights as a Certificateholder hereunder; provided, however, that the successor to the Master Servicer appointed pursuant to Section 7.02 shall have accepted the duties of Master Servicer effective upon the resignation or termination of the Master Servicer. If an Event of Default described in clause (vi) hereof shall occur, the Trustee, as applicable, shall, by notice to the Master Servicer, the Certificate Insurer and the Depositor, terminate all of the rights and obligations of the Master Servicer under this Agreement and in and to the Trust Fund, other than its rights as a Certificateholder hereunder; provided, however, that if the Trustee, as applicable, determines (in its sole discretion) that the failure by the Master Servicer to make any required Advance was due to circumstances beyond its control, and the required Advance would have otherwise been made, the Trustee, as applicable, shall not terminate the Master Servicer. On or after the receipt by the Master Servicer of such notice, all authority and power of the Master Servicer under this Agreement, whether with respect to the Certificates (other than as a Holder thereof) or the Mortgage Loans or otherwise, shall pass to and be vested in the Trustee pursuant to and under this Section, and, without limitation, the Trustee is hereby authorized and empowered to execute and deliver, on behalf of the Master Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents, or otherwise at the expense of the Master Servicer. The Master Servicer agrees to cooperate with (and pay any related costs and expenses of) the Trustee in effecting the termination of the Master Servicer's responsibilities and rights hereunder, including, without limitation, the transfer to the Trustee or the successor Master Servicer for administration by it of (i) the property and amounts which are then or should be part of the Trust Fund or which thereafter become part of the Trust Fund; (ii) originals or copies of all documents of the Master Servicer reasonably requested by the Trustee to enable it to assume the Master Servicer's duties thereunder; (iii) the rights and obligations of the Master Servicer under the Sub-Servicing Agreements with respect to the Mortgage Loans; and (iv) all cash amounts which shall at the time be deposited by the Master Servicer or should have been deposited to the Custodial or the Certificate Account or thereafter be received with respect to the Mortgage Loans. The Trustee shall not be deemed to have breached any obligation hereunder as a result of a failure to make or delay in making any distribution as and when required hereunder caused by the failure of the Master Servicer to remit any amounts received by it or to deliver any documents held by it with respect to the Mortgage Loans. For purposes of this Section 7.01, the Trustee shall not be deemed to have knowledge of an Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless notice of any event which is in fact such an Event of Default is received by the Trustee as provided in Section 11.05 and such notice references the Certificates, the Trust Fund or this Agreement.
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Section 7.02. Trustee to Act; Appointment of Successor.
Within 90 days of the time the Master Servicer receives a notice of termination pursuant to Section 7.01(i) - (vi), the Trustee or its appointed agent shall be the successor in all respects to the Master Servicer in its capacity as Master Servicer under this Agreement and the transactions set forth or provided for herein and shall be subject thereafter to all the responsibilities, duties and liabilities relating thereto placed on the Master Servicer including the obligation to make Advances which have been or will be required to be made (except for the responsibilities, duties and liabilities contained in Section 2.03 and its obligations to deposit amounts in respect of losses pursuant to Section 3.12 and 4.01(i)) by the terms and provisions hereof; and provided further, that any failure to perform such duties or responsibilities caused by the Master Servicer's failure to provide information required by Section 4.03 shall not be considered a default by the Trustee hereunder. As compensation therefor, the Trustee shall be entitled to all funds relating to the Mortgage Loans which the Master Servicer would have been entitled to charge to the Custodial Account if the Master Servicer had continued to act hereunder. If the Trustee has become the successor to the Master Servicer in accordance with Section 6.04 or Section 7.02, then notwithstanding the above, if the Trustee shall be unwilling to so act, or shall be unable to so act, the Trustee may appoint, or petition a court of competent jurisdiction or appoint, any established housing and home finance institution, which is also a Fannie Mae- or Freddie Mac-approved mortgage servicing institution, having a net worth of not less than $10,000,000 and acceptable to the Certificate Insurer as evidenced by its prior written consent as the successor to the Master Servicer hereunder in the assumption of all or any part of the responsibilities, duties or liabilities of the Master Servicer hereunder. Pending appointment of a successor to the Master Servicer hereunder, the Trustee shall act in such capacity as herein above provided. In connection with such appointment and assumption, the Trustee may make such arrangements for the compensation of such successor out of payments on Mortgage Loans as it and such successor shall agree; provided, however, that no such compensation shall be in excess of that permitted the Master Servicer hereunder. Each of the Sponsor, the Trustee and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession. In no event shall the successor Master Servicer be liable for the acts or omissions of the predecessor Master Servicer.
In connection with the termination or resignation of the Master Servicer hereunder, either (i) the successor Master Servicer, including the Trustee if the Trustee is acting as successor Master Servicer, shall represent and warrant that it is a member of MERS in good standing and shall agree to comply in all material respects with the rules and procedures of MERS in connection with the servicing of the Mortgage Loans that are registered with MERS, in which case the predecessor Master Servicer shall cooperate with the successor Master Servicer in causing MERS to revise its records to reflect the transfer of servicing to the successor Master Servicer as necessary under MERS' rules and regulations, or (ii) the predecessor Master Servicer shall cooperate with the successor Master Servicer in causing MERS to execute and deliver an assignment of Mortgage in recordable form to transfer the Mortgage from MERS to the Trustee and to execute and deliver such other notices, documents and other instruments as may be necessary or desirable to effect a transfer of such Mortgage Loan or servicing of such Mortgage Loan on the MERS® System to the successor Master Servicer. The predecessor Master Servicer shall file or cause to be filed any such assignment in the appropriate recording office. The predecessor Master Servicer shall bear any and all fees of MERS, costs of preparing any assignments of Mortgage, and fees and costs of filing any assignments of Mortgage that may be required under this Section 7.02. The successor Master Servicer shall cause such assignment to be delivered to the Trustee promptly upon receipt of the original with evidence of recording thereon or a copy certified by the public recording office in which such assignment was recorded.
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Any successor, including the Trustee, to the Master Servicer shall maintain in force during its term as master servicer hereunder policies and fidelity bonds to the same extent as the Master Servicer is so required pursuant to Section 3.18.
Notwithstanding anything else herein to the contrary, in no event shall the Trustee be liable for any Master Servicing Fee or Sub-Servicing Fee or for any differential in the amount of the Master Servicing Fee or Sub-Servicing Fee paid hereunder and the amount necessary to induce any successor Master Servicer or Sub-Servicer, as applicable, to act as successor Master Servicer or Sub-Servicer, as applicable, under this Agreement and the transactions set forth or provided for herein.
Section 7.03. Notification to Certificateholders.
(a) Upon any such termination or appointment of a successor to the Master Servicer, the Trustee shall give prompt notice thereof to Certificateholders, the Certificate Insurer and to the Rating Agencies.
(b) Within 60 days after the occurrence of any Event of Default, the Trustee shall transmit by mail to all Holders of Certificates, the Certificate Insurer and the Swap Provider notice of each such Event of Default hereunder known to the Trustee, unless such Event of Default shall have been cured or waived.
Section 7.04. Waiver of Events of Default.
The Holders representing at least 51% of the Voting Rights of Certificates affected by a default or Event of Default hereunder (with the consent of the Certificate Insurer), may waive such default or Event of Default (other than an Event of Default set forth in Section 7.01(vi)); provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default with the consent of the Certificate Insurer) and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in the second paragraph of Section 11.01 or materially adversely affect any non-consenting Certificateholder. Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights of Certificates affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived. The Master Servicer shall give notice of any such waiver to the Rating Agencies.
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Section 7.05. List of Certificateholders.
Upon written request of the Certificate Insurer or three or more Certificateholders of record, for purposes of communicating with other Certificateholders with respect to their rights under this Agreement, the Trustee will afford such Certificateholders access during business hours to the most recent list of Certificateholders held by the Trustee.
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ARTICLE VIII
CONCERNING THE TRUSTEE
Section 8.01. Duties of Trustee.
The Trustee, prior to the occurrence of an Event of Default and after the curing or waiver of all Events of Default which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement. If an Event of Default occurs, is continuing and has not been waived, the Trustee shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. Any permissive right of the Trustee enumerated in this Agreement shall not be construed as a duty.
The Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee which are specifically required to be furnished pursuant to any provision of this Agreement, shall examine them in accordance with the requirements of this Agreement. If any such instrument is found not to conform to the requirements of this Agreement in a material manner, the Trustee shall take such action as it deems appropriate to have the instrument corrected, and if the instrument is not corrected to the Trustee’s satisfaction, the Trustee will provide notice thereof to the Certificateholders. Notwithstanding the foregoing, the Trustee shall not be responsible for the accuracy or content of any resolution, certificate, statement, opinion, report, document, order or other instrument furnished by the Master Servicer hereunder or any Opinion of Counsel required hereunder.
The Trustee shall prepare and file or cause to be filed on behalf of the Trust Fund any tax return that is required with respect to REMIC 1, REMIC 2 and REMIC 3 pursuant to applicable federal, state or local tax laws.
The Trustee covenants and agrees that it shall perform its obligations hereunder in a manner so as to maintain the status of REMIC 1, REMIC 2 and REMIC 3 under the REMIC Provisions and to prevent the imposition of any federal, state or local income, prohibited transaction, contribution or other tax on any of REMIC 1, REMIC 2 or REMIC 3 to the extent that maintaining such status and avoiding such taxes are within the control of the Trustee and are reasonably within the scope of its duties under this Agreement.
No provision of this Agreement shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct; provided, however, that:
(i) Prior to the occurrence of an Event of Default, and after the curing or waiver of all such Events of Default which may have occurred, the duties and obligations of the Trustee shall be determined solely by the express provisions of this Agreement, the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Agreement, no implied covenants or obligations shall be read into this Agreement against the Trustee and, in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Agreement;
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(ii) The Trustee shall not be liable for an error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and
(iii) The Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with the direction of the Certificate Insurer or the Holders of Certificates entitled to at least 25% of the Voting Rights relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Agreement.
Section 8.02. Certain Matters Affecting the Trustee.
Except as otherwise provided in Section 8.01:
(a) The Trustee may conclusively rely upon and shall be fully protected in acting or refraining from acting in reliance upon any resolution, Officers’ Certificate, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties;
(b) The Trustee may consult with counsel and any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance therewith;
(c) The Trustee shall be under no obligation to exercise any of the trusts or powers vested in it by this Agreement, other than its obligation to give notice pursuant to this Agreement, or to institute, conduct or defend any litigation hereunder or in relation hereto at the request, order or direction of any of the Certificateholders, pursuant to the provisions of this Agreement, unless such Certificateholders or the Certificate Insurer (so long as no Insurer Default has occurred and is continuing) shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which may be incurred therein or thereby and the Certificate Insurer (so long as no Insurer Default has occurred and is continuing) has given its consent; nothing contained herein shall, however, relieve the Trustee of the obligation, upon the occurrence of an Event of Default of which a Responsible Officer of the Trustee’s corporate trust department has actual knowledge (which has not been waived or cured), to exercise such of the rights and powers vested in it by this Agreement, and to use the same degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct of his own affairs;
(d) The Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;
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(e) Prior to the occurrence of an Event of Default hereunder and after the curing or waiver of all Events of Default which may have occurred, the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper or document, unless requested in writing to do so by the Certificate Insurer (so long as no Insurer Default has occurred and is continuing) or the Holders of Certificates entitled to at least 25% of the Voting Rights with the written consent of the Certificate Insurer (so long as no Insurer Default has occurred and is continuing); provided, however, that if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, reasonably assured to the Trustee by the security afforded to it by the terms of this Agreement reasonable expense of every such examination shall be paid by the Certificateholders or the Certificate Insurer requesting the investigation;
(f) The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents, nominees, custodians or attorneys appointed with due care, and shall not be responsible for any willful misconduct or negligence on the part of any agent, attorney, custodian or nominee so appointed;
(g) The Trustee shall not be required to give any bond or surety with respect to the execution of the trust created hereby or the powers granted hereunder; and
(h) Whenever in the administration of the provisions of this Agreement the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering any action to be taken hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of gross negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by a certificate signed and delivered to the Trustee and such certificate, in the absence of gross negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this Agreement upon the faith thereof.
The Trustee shall have no obligation to invest and reinvest any cash held in the absence of timely and specific written investment direction from the Master Servicer. In no event shall the Trustee be liable for the selection of investments or for investment losses incurred thereon. The Trustee shall have no liability in respect of losses incurred as a result of the liquidation of any investment incurred as a result of the liquidation of any investment prior to its stated maturity or the failure of the Master Servicer to provide timely written investment direction.
In order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering (“Lending Laws”), the Trustee is required to obtain, verify and record certain information relating to individuals and entities which maintain a business relationship with the Trustee. Accordingly, each of the parties agrees to provide to the Trustee upon its request from time to time such identifying information and documentation as may be available for such party in order to enable the Trustee to comply with the Lending Laws.
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Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans.
The recitals contained herein and in the Certificates (other than the signature of the Trustee, the authentication of the Trustee on the Certificates, the acknowledgments of the Trustee contained in Article II) shall be taken as the statements of the Depositor and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement or of the Certificates (other than the signature and authentication of the Trustee on the Certificates) or of any Mortgage Loan or related document, or of MERS or the MERS® System. The Trustee shall not be accountable for the use or application by the Depositor of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Depositor or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Custodial Account by the Master Servicer.
Section 8.04. Trustee May Own Certificates.
The Trustee in its individual or any other capacity (other than as Trustee hereunder) may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee and may otherwise deal with the parties hereto.
Section 8.05. Trustee’s Fees.
On each Distribution Date, the Trustee shall be entitled to withdraw from the Certificate Account as compensation hereunder any amounts earned on funds in the Certificate Account. Such compensation (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) shall be paid for all services rendered by it in the execution of the trusts hereby created and in the exercise and performance of any of the powers and duties hereunder or of the Trustee. Except as otherwise provided in this Agreement, the Trustee and any director, officer, employee or agent of the Trustee shall be indemnified and held harmless by the Trust Fund against any claim, loss, liability, fee or expense incurred in connection with any Event of Default, any breach of this Agreement or any claim or legal action (including any pending or threatened claim or legal action), relating to the acceptance or administration of its trusts hereunder or the Trustee’s performance under the Certificates, other than any claim, loss, liability or expense (i) sustained in connection with this Agreement related to the willful misfeasance, bad faith or negligence of the Master Servicer in the performance of its duties hereunder or (ii) incurred in connection with a breach constituting willful misfeasance, bad faith or negligence of the Trustee in the performance of its duties hereunder or by reason of reckless disregard of its obligations and duties hereunder.
The Master Servicer shall indemnify the Trustee and any director, officer, employee or agent of the Trustee against any such claim or legal action (including any pending or threatened claim or legal action), loss, liability, fee or expense that may be sustained in connection with this Agreement related to the willful misfeasance, bad faith, or negligence in the performance of the Master Servicer's duties hereunder.
The provisions of this Section 8.05 shall survive the resignation or removal of the Trustee or the termination of this Agreement.
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Section 8.06. Eligibility Requirements for Trustee.
The Trustee hereunder shall at all times be a corporation or a national banking association organized and doing business under the laws of any state or the United States of America or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by federal or state authority. In addition, the Trustee shall at all times be acceptable to the Rating Agency rating the Certificates. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 8.07. The corporation or national banking association serving as Trustee may have normal banking and trust relationships with the Sponsor and their affiliates or the Master Servicer and its affiliates; provided, however, that such corporation cannot be an affiliate of the Master Servicer other than the Trustee in its role as successor to the Master Servicer.
Section 8.07. Resignation and Removal of the Trustee.
The Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Master Servicer; with a copy to the Rating Agencies, the Certificate Insurer and the Swap Provider; provided, that such resignation shall not be effective until successor trustee is appointed and accepts appointment in accordance with the following provisions; provided, however, that the resigning trustee shall not resign and be discharged from the trusts hereby created until such time as the Rating Agency rating the Certificates and the Certificate Insurer approves the successor trustee. Upon receiving such notice of resignation, the Master Servicer shall promptly appoint successor trustee who meets the eligibility requirements of Section 8.06 by written instrument, in triplicate, one copy of which instrument shall be delivered to the resigning trustee and to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning trustee may petition any court of competent jurisdiction for the appointment of a successor trustee.
If at any time the Trustee shall cease to be eligible in accordance with the provisions of Section 8.06 and shall fail to resign after written request therefor by the Master Servicer, or if at any time the Trustee shall become incapable of acting, or shall be adjudged bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, the Master Servicer with the consent of the Certificate Insurer (so long as no Insurer Default has occurred and is continuing), which consent shall not be unreasonably withheld, may remove the Trustee and appoint successor trustee who meets the eligibility requirements of Section 8.06 by written instrument, in triplicate, which instrument shall be delivered to the Trustee so removed and to the successor trustee.
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Any resignation or removal of the Trustee and appointment of a successor trustee pursuant to any of the provisions of this Section shall not become effective until acceptance of appointment by the successor trustee as provided in Section 8.08.
Section 8.08. Successor Trustee.
Any successor trustee appointed as provided in Section 8.07 shall execute, acknowledge and deliver to the Master Servicer an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder, with the like effect as if originally named as trustee herein. The predecessor trustee shall after payment of its outstanding fees and expenses, promptly deliver to the successor trustee all assets and records of the Trust Fund held by it hereunder, and the Master Servicer and the predecessor trustee shall execute and deliver all such instruments and do such other things as may reasonably be required for more fully and certainly vesting and confirming in the successor trustee all such rights, powers, duties and obligations.
No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be eligible under the provisions of Section 8.06.
Upon acceptance of appointment by successor trustee as provided in this Section, the Master Servicer shall mail notice of the succession of such trustee hereunder to all Holders of Certificates at their addresses as shown in the Certificate Register. If the Master Servicer fails to mail such notice within ten days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of the Master Servicer.
Any person appointed as successor trustee pursuant to Section 8.08 shall also be required to serve as successor supplemental interest trust trustee under the derivative documents.
Section 8.09. Merger or Consolidation of Trustee.
Any state bank or trust company or corporation or national banking association into which the Trustee may be merged or converted or with which it may be consolidated or any state bank or trust company or national banking association resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any state bank or trust company or corporation or national banking association succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such state bank or trust company or corporation or national banking association shall be eligible under the provisions of Section 8.06 without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.
Section 8.10. Appointment of Co-Trustee or Separate Trustee.
Notwithstanding any other provisions hereof, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Fund or property securing the same may at the time be located, the Master Servicer and the Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Trustee to act as co-trustee or co-trustees, jointly with the Trustee or separate trustee or separate trustees, of all or any part of the Trust Fund, and to vest in such Person or Persons, in such capacity, such title to the Trust Fund, or any part thereof, and, subject to the other provisions of this Section 8.10, such powers, duties, obligations, rights and trusts as the Master Servicer and the Trustee may consider necessary or desirable. If the Master Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in case an Event of Default shall have occurred and be continuing, the Trustee alone shall have the power to make such appointment without the Master Servicer. No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as successor trustee under Section 8.06 hereunder and no notice to Holders of Certificates of the appointment of co-trustee(s) or separate trustee(s) shall be required under Section 8.08 hereof.
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In the case of any appointment of a co-trustee or separate trustee pursuant to this Section 8.10, all rights, powers, duties and obligations conferred or imposed upon the Trustee and required to be conferred or such co-trustee shall be conferred or imposed upon and exercised or performed by the Trustee and such separate trustee or co-trustee jointly, except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed (whether as Trustee hereunder or as successor to the Master Servicer hereunder), the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to the Trust Fund or any portion thereof in any such jurisdiction) shall be exercised and performed by such separate trustee or co-trustee at the direction of the Trustee.
Any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Agreement and the conditions of this Article VIII. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument shall be filed with the Trustee.
Any separate trustee or co-trustee may, at any time, constitute the Trustee its agent or attorney-in-fact, with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Trustee to the extent permitted by law, without the appointment of a new or successor trustee.
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ARTICLE IX
TERMINATION
Section 9.01. Termination Upon Repurchase or Liquidation of All Mortgage Loans or upon Purchase of Certificates.
(a) Subject to Section 9.03, the respective obligations and responsibilities of the Depositor, the Master Servicer and the Trustee created hereby (other than the obligations of the Master Servicer to the Trustee pursuant to Section 8.05 and of the Master Servicer to provide for and the Trustee to make payments to Certificateholders as hereafter set forth) shall terminate upon payment to the Certificateholders of all amounts held by or on behalf of the Trustee and required to be paid to them hereunder following the earlier to occur of (i) the repurchase by the Master Servicer or its designee of all Mortgage Loans and each REO Property in respect thereof remaining in the Trust Fund at a price in cash equal to (a) 100% of the unpaid principal balance of each Mortgage Loan (other than one as to which a REO Property was acquired) on the day of repurchase together with accrued interest on such unpaid principal balance at the Net Mortgage Rate to the first day of the month in which the proceeds of such repurchase are to be distributed, plus (b) the appraised value of any REO Property (but not more than the unpaid principal balance of the related Mortgage Loan, together with accrued interest on that balance at the Net Mortgage Rate to the first day of the month such repurchase price is distributed), less the good faith estimate of the Master Servicer of liquidation expenses to be incurred in connection with its disposal thereof, such appraisal to be conducted by an appraiser selected by the Master Servicer at the expense of the Master Servicer, plus (c) any Swap Termination Payment (which shall include any Net Swap Payment payable for the final Distribution Date) payable to the Swap Provider pursuant to the Interest Rate Swap Agreement which remains unpaid or which is due to the exercise of such option (a “Swap Optional Termination Payment”) and plus (d) any unreimbursed amounts owed to the Certificate Insurer under the Certificate Guaranty Insurance Policy, the Insurance Agreement and this Agreement, and (ii) the final payment or other liquidation (or any Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Fund (or the disposition of all REO Property in respect thereof); provided, however, that in no event shall the trust created hereby continue beyond the earlier of (i) the Distribution Date occurring in September 2037 (ii) the expiration of 21 years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Court of St. James, living on the date hereof and (iii) the “latest possible maturity date” specified in the Preliminary Statement with respect to the related Regular Interests and Certificates, and provided further, that the purchase price set forth above shall be increased as is necessary, as determined by the Master Servicer, to avoid disqualification of any of REMIC 1, REMIC 2 or REMIC 3 as a REMIC. In the case of any repurchase by the Master Servicer pursuant to clause (i), the Master Servicer shall exercise reasonable efforts to cooperate fully with the Trustee in effecting such repurchase and the transfer of the Mortgage Loans and related Mortgage Files and related records to the Master Servicer.
The right of the Master Servicer or its designee to repurchase all Mortgage Loans pursuant to (i) above shall be conditioned upon the Aggregate Stated Principal Balance of such Mortgage Loans at the time of any such repurchase aggregating to an amount equal to or less than 10% of the Cut-off Date Balance; provided, however, that no such purchase will be permitted if it would result in a draw on the Certificate Guaranty Insurance Policy or any amounts owed to the Certificate Insurer would remain unpaid, unless the Certificate Insurer consents in writing to such purchase. If such right is exercised, the Master Servicer upon such repurchase shall provide to the Trustee, and the Certificate Insurer notice of such exercise prior to the Determination Date in the month preceding the month of purchase and the certification required by Section 3.16.
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In the case of a repurchase of Mortgage Loans and REO Property pursuant to clause (a)(i) above, only an amount equal to the repurchase price specified in such clause (a)(i) above for such Mortgage Loans and REO Property, less any Swap Optional Termination Payment and any portion of the repurchase price consisting of the unreimbursed amounts owed to the Certificate Insurer, shall be made available for distribution to the Regular Certificates and Class IO Interests. The Swap Optional Termination Payment shall be withdrawn by the Trustee from the Certificate Account and remitted to the Supplemental Interest Trust to be paid in accordance with Section 4.09(ii). The Swap Optional Termination Payment shall not be part of any REMIC and shall not be paid into any account which is part of any REMIC.
(b) The Master Servicer has the right to repurchase all of the Mortgage Loans and related REO Properties pursuant to clause (i) of Section 9.01(a), conditioned upon the Aggregate Stated Principal Balance of such Mortgage Loans at the time of any such repurchase aggregating to an amount equal to or less than 10% of the Cut-off Date Balance. If the Master Servicer elects to terminate the Trust pursuant to this Section 9.01 (such termination, an “Optional Termination”), the Master Servicer shall, at least 20 days prior to the last date on which notice of such Optional Termination is required to be mailed to the Certificateholders pursuant to 9.01(f), notify in writing (which may be done in electronic format) the Depositor, the Master Servicer, the Trustee and the Swap Provider of the final Distribution Date on which the Master Servicer intends to terminate the Trust Fund.
(c) In connection with any Optional Termination, four Business Days prior to the final Distribution Date specified in the notice required pursuant to Section 9.01(f), the Master Servicer shall, no later than 4:00 pm New York City time on such day, request in writing (in accordance with the applicable provision of the Interest Rate Swap Agreement) and by phone from the Swap Provider the amount of the Estimated Swap Termination Payment. The Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be done in electronic format) the Trustee of the amount of the Estimated Swap Termination Payment; the Trustee shall promptly on the same day notify the Master Servicer of the amount of the Estimated Swap Termination Payment.
(d) Two Business Days prior to the final Distribution Date specified in the notice required pursuant to Section 9.01(f), (i) the Master Servicer shall, no later than 1:00 pm New York City time on such day, deposit funds in the Certificate Account in an amount equal to the sum of the purchase price (other than the Swap Optional Termination Payment) and the Estimated Swap Termination Payment, and (ii) if Trustee is notified in writing that the aggregate Stated Principal Balance of all of the Mortgage Loans in the Trust Fund as of the related Determination Date is not more than 10% of the aggregate Cut-off Date Balance of all of the Mortgage Loans, and the requirements of the Optional Termination set forth in this Section 9.01 and Section 9.03 have been met, including the deposit required pursuant to the immediately preceding clause (i) then the Trustee shall, on the same Business Day, provide written notice to the Depositor, the Certificate Insurer, the Master Servicer, the Trustee on behalf of the Supplemental Interest Trust and the Swap Provider confirming (in accordance with the applicable provisions of the Interest Rate Swap Agreement) its receipt of the purchase price (other than the Swap Optional Termination Payment) and the Estimated Swap Termination Payment. Upon the Trustee’s providing the notice described in the preceding sentence, the Optional Termination shall become irrevocable, the notice to the related Certificateholders of such Optional Termination provided pursuant to the second paragraph of Section 9.01(f) shall become unrescindable, the Swap Provider shall determine the Swap Optional Termination Payment in accordance with the Interest Rate Swap Agreement, and the Swap Provider shall provide to the Trustee written notice of the amount of the Swap Optional Termination Payment not later than one Business Day prior to the final Distribution Date specified in the notice required pursuant to Section 9.01(f) and in the event the Trustee fails to provide the notice described in the preceding sentence, any notice provided under Section 9.01(f) shall be deemed rescinded.
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(e) In connection with any Optional Termination, only an amount equal to the purchase price less any Swap Optional Termination Payment and less any amounts payable to the Certificate Insurer shall be made available for distribution to the related Regular Certificates; provided that the amount to be distributed to the Class AM Certificates and to the Certificate Insurer must not result in a draw on the Certificate Guaranty Insurance Policy or leave any amount owed to the Certificate Insurer unpaid. Any Estimated Swap Termination Payment deposited into the Distribution Account by the Master Servicer shall be withdrawn by the Trustee from the Distribution Account on the related final Distribution Date (prior to the distribution of any amounts pursuant to Section 9.01(f)) and distributed as follows: (i) to the Supplemental Interest Trust for payment to the Swap Provider in accordance with Section 4.09(ii), as applicable, an amount equal to the Swap Optional Termination Amount calculated pursuant to the Interest Rate Swap Agreement, provided that in no event shall the amount distributed to the Swap Provider in respect of the Swap Optional Termination Amount exceed the Estimated Swap Termination Payment, and (ii) to the Master Servicer an amount equal to the excess, if any, of the Estimated Swap Termination Payment over the Swap Optional Termination Payment. The Swap Optional Termination Payment shall not be part of any REMIC and shall not be paid into any account which is part of any REMIC.
(f) Written notice of any termination, specifying the Distribution Date upon which the Certificateholders may surrender their Certificates to the Trustee for payment of the final distribution and cancellation, shall be given promptly by the Trustee by letter to the Certificateholders and the Swap Provider and the Certificate Insurer mailed (a) in the event such notice is given in connection with the Master Servicer's election to repurchase, not earlier than the 15th day and not later than the 25th day of the month next preceding the month of such final distribution or (b) otherwise during the month of such final distribution on or before the 15th day of the month (or if such 15th day is not a Business Day, on the Business Day immediately preceding such 15th day) in such month, in each case specifying (i) the Distribution Date upon which final payment of such Certificates will be made upon presentation and surrender of Certificates at the office of the Trustee therein designated, (ii) the amount of any such final payment and (iii) that the Record Date otherwise applicable to such Distribution Date is not applicable, payments being made only upon presentation and surrender of such Certificates at the office of the Trustee therein specified. In the event such notice is given in connection with the Master Servicer or its designee's election to repurchase, the Master Servicer or its designee shall deliver to the Trustee for deposit in the Certificate Account on the day which is two Business Days immediately preceding the Distribution Date specified in such notice an amount equal to the above-described repurchase price payable out of its own funds. Upon presentation and surrender of the Certificates by the Certificateholders, the Trustee shall first, pay itself its fee for such Distribution Date (as described in Section 8.05 ) and any other amounts owing to the Trustee under this Agreement, and second, distribute to such Certificateholders and the Certificate Insurer (i) the amount otherwise distributable on such Distribution Date, if not in connection with the Master Servicer's election to repurchase, or (ii) if the Master Servicer elected to so repurchase, an amount determined as follows: with respect to each Regular Certificate, the outstanding Certificate Principal Balance thereof, plus with respect to each Regular Certificate (other than the Class P Certificates) and the Class IO Interest, one month's interest thereon at the applicable Pass-Through Rate, or otherwise distributable thereto, and any Unpaid Interest Shortfall Amount, plus with respect to each Subordinate Certificate, any unpaid Allocated Realized Loss Amount; with respect to the Class R Certificates, the Percentage Interest evidenced thereby multiplied by the difference, if any, between the above described repurchase price (as adjusted in accordance with the preceding paragraph) and the aggregate amount to be distributed to the Holders of the Regular Certificates and the Class IO Interest, subject to the priorities set forth in Section 4.01; and with respect to the Certificate Insurer, any amounts owed under the Certificate Guaranty Insurance Policy, the Insurance Agreement and this Agreement. Upon certification to the Trustee by a Servicing Officer, following such final deposit, the Trustee shall promptly release the Mortgage Files as directed by the Master Servicer for the remaining Mortgage Loans, and the Trustee shall execute all assignments, endorsements and other instruments required by the Master Servicer as being necessary to effectuate such transfer.
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In the event that all of the Certificateholders shall not surrender their Certificates for cancellation within six months after the time specified in the above-mentioned notice, the Trustee shall give a second notice to the remaining Certificateholders to surrender their Certificates for cancellation and receive the final distribution with respect thereto. If within six months after the second notice all of the Certificates shall not have been surrendered for cancellation, the Trustee shall take reasonable steps as directed by the Depositor in writing, or appoint an agent to take reasonable steps, to contact the remaining Certificateholders concerning surrender of their Certificates, and the cost thereof shall be paid out of the funds and other assets which remain subject hereto. If within nine months after the second notice all the Certificates shall not have been surrendered for cancellation, the Class R Certificateholders shall be entitled to all unclaimed funds and other assets which remain subject hereto.
Section 9.02. Termination of REMIC 3 and Retirement of Class R Certificates.
REMIC 3 shall be terminated on the earlier of (i) the date on which the last distribution due on each of the REMIC 3 Regular Interests and Class R Certificates (in respect of the Class R-3 Interest) is made and (ii) the date on which it is terminated pursuant to an optional repurchase of all of the Mortgage Loans in accordance with Section 9.03. Notwithstanding anything to the contrary herein, the Class R Certificates will not be retired until the retirement of all the other Certificates.
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Section 9.03. Additional Termination Requirements.
(a) In the event the Master Servicer repurchases the Mortgage Loans or REO Property as provided in Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless the Master Servicer, at its own expense, obtains for the Trustee an Opinion of Counsel (which shall be provided to the Trustee at least two Business Days prior to the related Distribution Date) to the effect that the failure of the Trust Fund to comply with the requirements of this Section 9.03 will not (i) result in the imposition on the Trust of taxes on “prohibited transactions,” as described in Section 860F of the Code, or (ii) cause either REMIC 1, REMIC 2 or REMIC 3 to fail to qualify as a REMIC at any time that any Certificate is outstanding:
(i) The Master Servicer shall establish a 90-day liquidation period and notify the Trustee in writing thereof, and the Trustee shall in turn specify the first day of such period in a statement attached to the Tax Return for each of REMIC 1, REMIC 2 and REMIC 3 pursuant to Treasury Regulation Section 1.860F-1. The Master Servicer and the Trustee also shall satisfy all of the requirements of a qualified liquidation for REMIC 1, REMIC 2 and REMIC 3 under Section 860F of the Code and regulations thereunder, as evidenced by an Opinion of Counsel obtained at the expense of the Master Servicer, as applicable;
(ii) During such 90-day liquidation period, and at or prior to the time of making the final payment on the Certificates, the Trustee shall sell all of the assets of REMIC 1 for cash; and
(iii) At the time of the making of the final payment on the Certificates, the Trustee shall distribute or credit, or cause to be distributed or credited, to the Holders of the Class R Certificates, all cash on hand (other than cash retained to meet claims), and REMIC 1 shall terminate at that time.
(b) By their acceptance of the Certificates, the Holders thereof hereby authorize the adoption of a 90-day liquidation period and the adoption of a plan of complete liquidation for the REMICs, which authorization shall be binding upon all successor Certificateholders.
(c) The Trustee as agent for each REMIC hereby agrees to adopt and sign the related plan of complete liquidation meeting the requirements for a qualified liquidation under Section 860F of the Code and any regulations thereunder upon the written request of the Master Servicer and the receipt of the Opinion of Counsel referred to in clause (a)(i) above and to take such other action in connection therewith as may be reasonably requested by the Master Servicer.
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ARTICLE X
REMIC PROVISIONS
Section 10.01. REMIC Administration.
(a) The Trustee shall make an election to treat the Trust Fund as three REMICs under the Code and, if necessary, under applicable state law. Each such election will be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates are issued. For the purposes of the REMIC elections in respect of the Trust Fund, (i) the Class R-1 Interest will constitute the sole class of Residual Interests in REMIC 1, the REMIC 1 Regular Interests shall be designated as the Regular Interests in REMIC 1 (ii) the Class R-2 Interest will constitute the sole class of Residual Interests in REMIC 2, the REMIC 2 Regular Interests shall be designated as the Regular Interests in REMIC 2, and (iii) the Class R-3 Interest will constitute the sole class of Residual Interests in REMIC 3, and the REMIC 3 Regular Interests shall be designated as the Regular Interests in REMIC 3. The Master Servicer and the Trustee shall not permit the creation of any “interests” (within the meaning of Section 860G of the Code) in REMIC 1, REMIC 2 or REMIC 3 other than the REMIC 1 Regular Interests, REMIC 2 Regular Interests, REMIC 3 Regular Interests, the Class R-1 Interest, the Class R-2 Interest and the Class R-3 Interest. The Trustee will apply for an Employee Identification Number from the Internal Revenue Service via Form SS-4 or any other acceptable method for each of REMIC 1, REMIC 2 and REMIC 3.
(b) The Closing Date is hereby designated as the “startup day” of the Trust Fund within the meaning of Section 860G(a)(9) of the Code.
(c) The Trustee shall pay out of its own funds, without any right of reimbursement, any and all expenses relating to any tax audit of the REMICs (including, but not limited to, any professional fees or any administrative or judicial proceedings with respect to the REMICs that involve the Internal Revenue Service or state tax authorities), other than the expense of obtaining any tax-related Opinion of Counsel except as specified herein. The Trustee, as agent for the REMICs' Tax Matters Person, shall (i) act on behalf of the REMICs in relation to any tax matter or controversy involving the Trust Fund and (ii) represent the Trust Fund in any administrative or judicial proceeding relating to an examination or audit by any governmental taxing authority with respect thereto.
(d) The Trustee shall prepare, sign and file all of the Tax Returns (including Form 8811, which must be filed within 30 days of the Closing Date) in respect of the REMICs created hereunder. The expenses of preparing and filing such returns shall be borne by the Trustee without any right of reimbursement therefor. The Master Servicer shall provide on a timely basis to the Trustee or its designee such information with respect to the assets of the REMICs as is in its possession and reasonably required by the Trustee to enable it to perform its obligations under this Article X.
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(e) The Trustee shall perform on behalf of the REMICs all reporting and other tax compliance duties that are the responsibility of the REMICs under the Code, the REMIC Provisions or other compliance guidance issued by the Internal Revenue Service or any state or local taxing authority. Among its other duties, as required by the Code, the REMIC Provisions or other such compliance guidance, the Trustee shall provide (i) to any Transferor of a Class R Certificate such information as is necessary for the application of any tax relating to the transfer of a Class R Certificate to any Person who is not a Permitted Transferee, (ii) to the Certificateholders such information or reports as are required by the Code or the REMIC Provisions including reports relating to interest, original issue discount and market discount or premium (using the Prepayment Assumption as required) and (iii) to the Internal Revenue Service the name, title, address and telephone number of the Person who will serve as the representative of the REMICs. The Master Servicer shall provide on a timely basis to the Trustee such information with respect to the assets of the REMICs, including, without limitation, the Mortgage Loans, as is in its possession and reasonably required by the Trustee to enable it to perform its obligations under this subsection. In addition, the Depositor shall provide or cause to be provided to the Trustee, within ten (10) days after the Closing Date, all information or data that the Trustee reasonably determines to be relevant for tax purposes as to the valuations and issue prices of the Certificates, including, without limitation, the price, yield, Prepayment Assumption and projected cash flow of the Certificates.
(f) The Trustee shall take such action and shall cause the REMICs created hereunder to take such action as shall be necessary to create or maintain the status thereof as REMICs under the REMIC Provisions (and the Master Servicer shall assist it, to the extent reasonably requested by it). The Trustee shall not take any action or cause the Trust Fund to take any action, or fail to take (or fail to cause to be taken), any action that, under the REMIC Provisions, if taken or not taken, as the case may be, could (i) endanger the status of the REMIC 1, REMIC 2 or REMIC 3 as REMICs or (ii) result in the imposition of a tax upon the REMICs (including but not limited to the tax on prohibited transactions as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in Section 860G(d) of the Code) (either such event, an “Adverse REMIC Event”) unless the Trustee has received an Opinion of Counsel, addressed to the Trustee (at the expense of the party seeking to take or not take such action, but in no event at the expense of the Trustee) to the effect that the contemplated action or omission will not, with respect to the REMICs created hereunder, endanger such status or result in the imposition of such a tax; nor shall the Master Servicer take, or fail to take, any action (whether or not authorized hereunder) as to which the Trustee has advised it in writing that it has received an Opinion of Counsel to the effect that an Adverse REMIC Event could occur with respect to the taking, or omission of, such action. In addition, prior to taking, or failing to take, any action with respect to the REMICs or the assets of the REMICs, or causing, or failing to cause, the REMICs to take any action, which is not contemplated under the terms of this Agreement, the Master Servicer will consult with the Trustee or its designee, in writing, with respect to whether the taking, or omission of, such action could cause an Adverse REMIC Event to occur with respect to any REMIC, and the Master Servicer shall not take, or fail to take, any such action, or cause, or fail to cause, any REMIC to take, any such action as to which the Trustee has advised it in writing that an Adverse REMIC Event could occur. The Trustee may consult with counsel to provide such written advice, and the cost of same shall be borne by the party seeking to take or not take the action other than as permitted by this Agreement, but in no event shall such cost be an expense of the Trustee. At all times as may be required by the Code, the Trustee will ensure that substantially all of the assets of the REMICs created hereunder will consist of “qualified mortgages” as defined in Section 860G(a)(3) of the Code and “permitted investments” as defined in Section 860G(a)(5) of the Code.
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(g) In the event that any tax is imposed on “prohibited transactions” of any REMIC created hereunder as defined in Section 860F(a)(2) of the Code, on the “net income from foreclosure property” of any REMIC as defined in Section 860G(c) of the Code, on any contributions to any REMIC after the Startup Day therefor pursuant to Section 860G(d) of the Code, or any other tax is imposed by the Code or any applicable provisions of state or local tax laws, such tax shall be charged (i) to the Trustee pursuant to Section 10.03 hereof, if such tax arises out of or results from a breach by the Trustee of any of its obligations under this Article X, (ii) to the Master Servicer pursuant to Section 10.03 hereof, if such tax arises out of or results from a breach by the Master Servicer of any of its obligations under Article III or this Article X or otherwise, (iii) to the Master Servicer as provided in Section 3.05 and (iv) against amounts on deposit in the Certificate Account and shall be paid by withdrawal therefrom to the extent not required to be paid by the Master Servicer or the Trustee pursuant to another provision of this Agreement.
(h) On or before April 15 of each calendar year, commencing April 15, 2008, the Trustee shall deliver to the Master Servicer and the Rating Agency a Certificate from a Responsible Officer of the Trustee stating the Trustee’s compliance with this Article X.
(i) The Trustee shall, for federal income tax purposes, maintain books and records with respect to the REMICs on a calendar year and on an accrual basis.
(j) Following the Startup Day, the Trustee shall not accept any contributions of assets to the REMICs other than in connection with any Qualified Substitute Mortgage Loan delivered in accordance with Section 2.04 unless it shall have received an Opinion of Counsel to the effect that the inclusion of such assets in the REMICs will not cause REMIC 1, REMIC 2 or REMIC 3 to fail to qualify as REMICs at any time that any Certificates are outstanding or subject any of REMIC 1, REMIC 2 or REMIC 3 to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances.
(k) Neither the Trustee nor the Master Servicer shall enter into any arrangement under which the REMICs will receive a fee or other compensation for services nor permit the REMICs to receive any income from assets other than “qualified mortgages” as defined in Section 860G(a)(3) of the Code or “permitted investments” as defined in Section 860G(a)(5) of the Code.
Section 10.02. Prohibited Transactions and Activities.
None of the Depositor, the Master Servicer or the Trustee shall (except as otherwise expressly permitted under the terms of this Agreement) (1) sell, dispose of, or substitute any property for any of, the Mortgage Loans (except in connection with (i) the foreclosure of a Mortgage Loan, including but not limited to, the acquisition or sale of a Mortgaged Property acquired by deed in lieu of foreclosure, (ii) the bankruptcy of the Trust Fund, (iii) the termination of REMIC 1, REMIC 2 or REMIC 3 pursuant to Article IX of this Agreement, (iv) a substitution pursuant to Article II of this Agreement or (v) a purchase of defective or defaulted Mortgage Loans pursuant to Article II or III of this Agreement), (2) acquire any assets for the Trust Fund (other than REO Property acquired in respect of a defaulted Mortgage Loan), (3) sell or dispose of any investments in the Custodial Account or the Certificate Account for gain, (4) accept any contributions to the REMICs after the Closing Date (other than a Qualified Substitute Mortgage Loan delivered in accordance with Section 2.04), in each case, unless it has received an Opinion of Counsel, addressed to the Trustee (at the expense of the party seeking to cause such sale, disposition, substitution, acquisition or contribution, but in no event at the expense of the Trustee) that such sale, disposition, substitution, acquisition or contribution will not (a) affect adversely the status of REMIC 1, REMIC 2 or REMIC 3 as REMICs or (b) cause the Trust Fund to be subject to a tax on “prohibited transactions” or “contributions” pursuant to the REMIC Provisions.
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Section 10.03. Master Servicer and Trustee Indemnification.
(a) The Trustee agrees to indemnify the Trust Fund, the Depositor, and the Master Servicer for any taxes and costs including, without limitation, any reasonable attorneys' fees imposed on or incurred by the Trust Fund, the Depositor or the Master Servicer, as a result of a breach of the Trustee’s covenants set forth in this Article X.
(b) The Master Servicer agrees to indemnify the Trust Fund, the Depositor and the Trustee for any taxes and costs including, without limitation, any reasonable attorneys' fees imposed on or incurred by the Trust Fund, the Certificate Insurer, the Depositor or the Trustee, as a result of a breach of the Master Servicer's covenants set forth in Article III or this Article X, in each case with respect to compliance with the REMIC Provisions.
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ARTICLE XI
MISCELLANEOUS PROVISIONS
Section 11.01. Amendment.
This Agreement may be amended from time to time by the Depositor, the Master Servicer and the Trustee, with the consent of the Certificate Insurer (so long as no Insurer Default has occurred and is continuing) and without the consent of any of the Certificateholders or the Swap Provider, (i) to cure any ambiguity, (ii) to correct or supplement any provisions herein which may be defective or inconsistent with any other provisions herein or to correct any error, (iii) to amend this Agreement in any respect subject to the provisions in clauses (A) and (B) below, or (iv) if such amendment, as evidenced by an Opinion of Counsel (provided by the Person requesting such amendment) delivered to the Trustee, is reasonably necessary to comply with any requirements imposed by the Code or any successor or amendatory statute or any temporary or final regulation, revenue ruling, revenue procedure or other written official announcement or interpretation relating to federal income tax laws or any proposed such action which, if made effective, would apply retroactively to the Trust Fund at least from the effective date of such amendment; provided that such action (except any amendment described in (iv) above) shall not adversely affect in any material respect the interests of any Certificateholder (other than Certificateholders who shall consent to such amendment), the Certificate Insurer (if an Insurer Default has occurred and is continuing) and the Swap Provider, as evidenced by (A) an Opinion of Counsel (provided by the Person requesting such amendment) delivered to the Trustee, the Swap Provider and the Certificate Insurer and (B) a letter from each Rating Agency, confirming that such amendment shall not cause it to lower its rating on any of the Certificates without taking the Certificate Guaranty Insurance Policy into account.
This Agreement may also be amended from time to time by the Depositor, the Master Servicer and the Trustee with the consent of the Certificate Insurer and Holders of Certificates entitled to at least 66-2/3% of the Voting Rights for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Holders of Certificates; provided, however, that no such amendment shall (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate without the consent of the Holder of such Certificate, (ii) adversely affect in any material respect the interests of the Holders of any Class of Certificates in a manner other than as described in (i), without the consent of the Holders of Certificates of such Class evidencing at least 66-2/3% of the Voting Rights of such Class, or (iii) reduce the aforesaid percentage of Certificates the Holders of which are required to consent to any such amendment, without the consent of the Holders of all Certificates then outstanding. Notwithstanding any other provision of this Agreement, for purposes of the giving or withholding of consents pursuant to this Section 11.01, Certificates registered in the name of the Sponsor or the Master Servicer or any affiliate thereof shall be entitled to Voting Rights with respect to matters described in (i), (ii) and (iii) of this paragraph.
Notwithstanding any contrary provision of this Agreement, the Trustee shall not consent to any amendment to this Agreement unless it shall have first received an Opinion of Counsel (provided by the Person requesting such amendment) to the effect that such amendment will not result in the imposition of any tax on any of REMIC 1, REMIC 2 or REMIC 3 pursuant to the REMIC Provisions or cause any of REMIC 1, REMIC 2 or REMIC 3 to fail to qualify as a REMIC at any time that any Certificates are outstanding.
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Notwithstanding any of the other provisions of this Section 11.01, none of the Depositor, the Master Servicer or the Trustee shall (i) enter into any amendment to Section 4.09, Section 4.01(e)(vi) or Section 9.01 of this Agreement without the prior written consent of the Swap Provider nor (ii) enter into an amendment of this Agreement, as evidenced by an Officer’s Certificate of the Depositor, that could reasonably be expected to have a material adverse effect on the interests of the Swap Provider without the Swap Provider’s consent (such consent shall not be unreasonably withheld, conditioned or delayed).
Promptly after the execution of any such amendment the Trustee shall furnish a copy of such amendment or a written statement describing the amendment to each Certificateholder, with a copy to the Rating Agencies, the Certificate Insurer and the Swap Provider.
It shall not be necessary for the consent of Certificateholders under this Section 11.01 to approve the particular form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable regulations as the Trustee may prescribe.
Prior to executing any amendment pursuant to this Section, the Trustee shall be entitled to receive an Opinion of Counsel (provided by the Person requesting such amendment) to the effect that such amendment is authorized or permitted by this Agreement. The cost of any Opinion of Counsel delivered pursuant to this Section 11.01 shall be an expense of the party requesting such amendment, but in any case shall not be an expense of the Trustee.
The Trustee may, but shall not be obligated to, enter into any amendment pursuant to this Section that affects its rights, duties and immunities under this Agreement or otherwise.
Section 11.02. Recordation of Agreement; Counterparts.
To the extent permitted by applicable law, this Agreement is subject to recordation in all appropriate public offices for real property records in all the counties or other comparable jurisdictions in which any or all of the properties subject to the Mortgages are situated, and in any other appropriate public recording office or elsewhere, such recordation to be effected by the Master Servicer at the expense of the Certificateholders, but only upon direction of the Depositor accompanied by an Opinion of Counsel to the effect that such recordation materially and beneficially affects the interests of the Certificateholders.
For the purpose of facilitating the recordation of this Agreement as herein provided and for other purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute but one and the same instrument.
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Section 11.03. Limitation on Rights of Certificateholders.
The death or incapacity of any Certificateholder shall not operate to terminate this Agreement or the Trust Fund, nor entitle such Certificateholder's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the Trust Fund, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.
No Certificateholder shall have any right to vote (except as expressly provided for herein) or in any manner otherwise control the operation and management of the Trust Fund, or the obligations of the parties hereto, nor shall anything herein set forth, or contained in the terms of the Certificates, be construed so as to constitute the Certificateholders from time to time as partners or members of an association; nor shall any Certificateholder be under any liability to any third party by reason of any action taken by the parties to this Agreement pursuant to any provision hereof.
No Certificateholder shall have any right by virtue of any provision of this Agreement to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Agreement, unless such Holder previously shall have given to the Trustee a notice of an Event of Default, or of a default by the Sponsor or the Trustee in the performance of any obligation hereunder, and of the continuance thereof, as hereinbefore provided, and unless also the Holders of Certificates entitled to at least 51% of the Voting Rights shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee, for 60 days after its receipt of such notice, request and offer of indemnity, shall have neglected or refused to institute any such action, suit or proceeding. It is understood and intended, and expressly covenanted by each Certificateholder with every other Certificateholder, the Trustee, that no one or more Holders of Certificates shall have any right in any manner whatever by virtue of any provision of this Agreement to affect, disturb or prejudice the rights of the Holders of any other of such Certificates, or to obtain or seek to obtain priority over or preference to any other such Holder, or to enforce any right under this Agreement, except in the manner herein provided and for the equal, ratable and common benefit of all Certificateholders. For the protection and enforcement of the provisions of this Section, each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity.
Section 11.04. Governing Law.
This Agreement and the Certificates shall be construed in accordance with the laws of the State of New York and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.
Section 11.05. Notices.
All demands, notices and direction hereunder shall be in writing and shall be deemed effective upon receipt when delivered to (a) in the case of the Depositor, 19500 Jamboree Road, Irvine, California 92612, Attention: General Counsel, or such other address as may hereafter be furnished to the other parties hereto in writing; (b) in the case of Impac Funding, 19500 Jamboree Road, Irvine, California 92612, Attention: General Counsel, or such other address as may hereafter be furnished to the other parties hereto in writing; (c) in the case of the Trustee, to its Corporate Trust Offices, or such other address as may hereafter be furnished to the other parties hereto in writing; (d) in the case of the Rating Agencies, Standard & Poor’s, 55 Water Street, 41st Floor, New York, New York 10041, Attention: Asset Backed Surveillance Department; and Moody’s, Moody’s Investors Service, Inc., Residential Mortgage Monitoring Department, 99 Church Street, New York, New York 10007; (e) in the case of the Certificate Insurer, Ambac Assurance Corporation, One State Street Plaza, New York, New York 10004, Attention: Consumer Asset-Backed Securities Group or such other address as may be hereafter furnished to the Depositor, the Trustee and the Master Servicer in writing by the Certificate Insurer; and (f) in the case of Lehman Brothers Special Financing Inc., 745 Seventh Ave., 19th Floor, New York, New York 10019. Any notice required or permitted to be mailed to a Certificateholder shall be given by first class mail, postage prepaid, at the address of such Holder as shown in the Certificate Register. Any notice so mailed within the time prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not the Certificateholder receives such notice.
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Section 11.06. Severability of Provisions.
If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof.
Section 11.07. Successors and Assigns.
The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors and assigns of the parties hereto, and all such provisions shall inure to the benefit of the Trustee, the Certificate Insurer and the Certificateholders.
Section 11.08. Article and Section Headings.
The article and Section headings herein are for convenience of reference only, and shall not limit or otherwise affect the meaning hereof.
Section 11.09. Notice to Rating Agencies.
The Trustee shall use its best efforts to promptly provide notice to each Rating Agency and the Certificate Insurer referred to below with respect to each of the following of which it has actual knowledge:
1. Any material change or amendment to this Agreement;
2. The occurrence of any Event of Default that has not been cured;
3. The resignation or termination of the Master Servicer or the Trustee;
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4. The repurchase or substitution of Mortgage Loans pursuant to Section 2.04;
5. The final payment to Certificateholders; and
6. Any change in the location of the Custodial Account or the Certificate Account.
In addition, the Trustee shall promptly furnish to each Rating Agency copies of each report to Certificateholders described in Section 4.02; and the Master Servicer shall promptly furnish to each Rating Agency copies of each annual independent public accountants’ servicing report received as described in Section 3.20.
Any such notice pursuant to this Section 11.09 shall be in writing and shall be deemed to have been duly given if personally delivered or mailed by first class mail, postage prepaid, or by express delivery service to (i) in the case of Standard & Poor's, 55 Water Street, 41st Floor, New York, New York 10041, Attention: Asset Backed Surveillance Department and (ii) in the case of Moody's, Residential Mortgage Monitoring Department, 99 Church Street, New York, New York 10007, or, in each case, such other address as either such Rating Agency may designate in writing to the parties thereto.
Section 11.10. Rights of the Certificate Insurer.
(a) The Certificate Insurer is an express third-party beneficiary of this Agreement.
(b) On each Distribution Date the Trustee shall make available to the Certificate Insurer a copy of the reports made available to the Certificateholders and the Depositor on such Distribution Date.
(c) The Trustee shall provide to the Certificate Insurer copies of any report, notice, Opinion of Counsel, Officers’ Certificate, request for consent or request for amendment to any document related hereto promptly upon the Trustee’s production or receipt thereof.
(d) Unless an Insurer Default exists, the Trustee, the Depositor and the Master Servicer shall not agree to any amendment to this Agreement without first having obtained the prior written consent of the Certificate Insurer, which consent shall not be unreasonably withheld.
(e) So long as there does not exist a failure by the Certificate Insurer to make a required payment under the Certificate Guaranty Insurance Policy, the Certificate Insurer will have the right to exercise all rights of the Holders of the Class AM Certificates under this Agreement (including voting rights) without the consent of the Holders.
Section 11.11. Control by the Certificate Insurer.
With respect to the Class AM Certificates only, the Certificate Insurer, or, if an Insurer Default exists, the Holders of a majority of the Class AM Certificates shall have the right (subject to the provisions of Section 11.03) to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with respect to the Class AM Certificates or exercising any trust or power conferred on the Trustee; provided that:
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(i) such direction shall not be in conflict with any rule of law or with this Agreement:
(ii) if an Insurer Default exists, any direction to the Trustee to sell or liquidate the Trust Fund shall be by Holders of Certificates representing not less than 100% of the Certificate Principal Balance of the Certificates;
(iii) the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction of the Holders of Certificates representing a majority of the Certificate Principal Balance of the Certificates.
Notwithstanding the rights of Certificateholders set forth in this Section 11.11 the Trustee need not take any action that it determines might involve it in liability unless such Holders of Certificates or the Certificate Insurer shall have offered security or indemnity satisfactory to the Trustee, against the costs, expenses and liabilities which might be incurred by it in compliance with such request, order or direction.
The Trustee shall not be deemed to have knowledge of an Insurer Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless the Trustee received written notice of such Insurer Default.
Section 11.12. Third Party Rights.
The Swap Provider and the Cap Counterparties shall be express third-party beneficiaries of this Agreement to the extent of their express rights to receive payments under this Agreement or any other express rights of the Swap Provider and the Cap Counterparties explicitly stated in this Agreement, and shall have the right to enforce such rights under this Agreement as if the Swap Provider and the Cap Counterparties were parties hereto.
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IN WITNESS WHEREOF, the Depositor, the Master Servicer and the Trustee have caused their names to be signed hereto by their respective officers thereunto duly authorized all as of the day and year first above written.
IMPAC SECURED ASSETS CORP.,
Depositor
By: /s/ Gretchen Verdugo
Name: Gretchen Verdugo
Title: EVP, CFO
IMPAC FUNDING CORPORATION,
Master Servicer
By: /s/ Nancy Pollard
Name: Nancy Pollard
Title: EVP
DEUTSCHE BANK NATIONAL TRUST COMPANY,
Trustee
By: /s/ Marion Hogan
Name: Marion Hogan
Title: Associate
By: /s/ Jennifer Hermansader
Name: Jennifer Hermansader
Title: Associate
Agreed and accepted to with respect to
its obligations under Section 9.01(a)
IMPAC MORTGAGE HOLDINGS, INC.
(solely with respect to its obligations under
Section 9.01(a))
By: /s/ Gretchen Verdugo
Name: Gretchen Verdugo
Title: EVP, CFO
STATE OF CALIFORNIA | ) |
) ss.: | |
COUNTY OF ORANGE | ) |
On the 30th day of April, 2007, before me, a notary public in and for said State, personally appeared Gretchen Verdugo, known to me to be the Chief Financial Officer of Impac Secured Assets Corp., one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
Notary Public
[Notarial Seal]
STATE OF CALIFORNIA | ) |
) ss.: | |
COUNTY OF ORANGE | ) |
On the 30th day of April, 2007, before me, a notary public in and for said State, personally appeared Nancy Pollard, known to me to be an Executive Vice President of Impac Funding Corporation, one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
Notary Public
[Notarial Seal]
STATE OF CALIFORNIA | ) |
) ss.: | |
COUNTY OF ORANGE | ) |
On the 30th day of April, 2007, before me, a notary public in and for said State, personally appeared __________________, known to me to be a(n) ___________________ of Deutsche Bank National Trust Company, one of the entities that executed the within instrument, and also known to me to be the person who executed it on behalf of said entity, and acknowledged to me that such corporation executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
Notary Public
[Notarial Seal]
STATE OF CALIFORNIA | ) |
) ss.: | |
COUNTY OF ORANGE | ) |
On the 30th day of April, 2007, before me, a notary public in and for said State, personally appeared __________________, known to me to be a(n) ___________________of Deutsche Bank National Trust Company, one of the entities that executed the within instrument, and also known to me to be the person who executed it on behalf of said entity, and acknowledged to me that such corporation executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
Notary Public
[Notarial Seal]
STATE OF CALIFORNIA | ) |
) ss.: | |
COUNTY OF ORANGE | ) |
On the 30th day of April, 2007, before me, a notary public in and for said State, personally appeared Gretchen Verdugo, known to me to be the Executive Vice President and Chief Financial Officer of Impac Mortgage Holdings, Inc., one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
Notary Public
[Notarial Seal]
EXHIBIT A
FORM OF CLASS A CERTIFICATE
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).
THIS CERTIFICATE SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED IN THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW, REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE TRUSTEE EXCEPT TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES FOR THE RESPECTIVE CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE CERTIFICATE OWNERS SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO EACH OF SUCH BOOK-ENTRY CERTIFICATES THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY AND, EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE CERTIFICATES IN RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY CERTIFICATE OWNERS OF THEIR RESPECTIVE OWNERSHIP IN THE BOOK-ENTRY CERTIFICATES SHALL BE MADE IN ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY PARTICIPANT OR BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH DEPOSITORY PARTICIPANT SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE BOOK-ENTRY CERTIFICATES OF CERTIFICATE OWNERS IT REPRESENTS OR OF BROKERAGE FIRMS FOR WHICH IT ACTS AS AGENT IN ACCORDANCE WITH THE DEPOSITORY'S NORMAL PROCEDURES. THE TRUSTEE SHALL NOT BE REQUIRED TO MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH THE TRANSFER RESTRICTIONS WITH RESPECT TO THE BOOK-ENTRY CERTIFICATES, AND THE TRUSTEE SHALL HAVE NO LIABILITY FOR TRANSFERS OF OWNERSHIP INTERESTS IN THE BOOK-ENTRY CERTIFICATES MADE THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR CERTIFICATE OWNERS, MADE IN VIOLATION OF THE APPLICABLE RESTRICTIONS.
PRIOR TO THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS IN SECTION 5.02(c) OF THE AGREEMENT (AS DEFINED BELOW).
A-1
Certificate No. 1 | Adjustable Rate | |
Class A[1-A][1-B][1-C][-M] Senior | ||
Date of Pooling and Servicing Agreement and Cut-off Date: April 1, 2007 | Percentage Interest: 100% | |
First Distribution Date: May 25, 2007 | Aggregate Initial Certificate Principal Balance of the Class A[1-A][1-B][1-C][-M] Certificates: $[_____________] | |
Master Servicer: Impac Funding Corporation | Initial Certificate Principal Balance of this Certificate: $[____________] | |
Assumed Final Distribution Date: September 25, 2037 | CUSIP: [_________] |
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2007-3
evidencing a percentage interest in the distributions allocable to the Class A[1-A][1-B][1-C][-M] Certificates with respect to a Trust Fund consisting primarily of a pool of one- to four-family adjustable-rate first lien and fixed-rate first and second lien mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.
This Certificate is payable solely from the assets of the Trust Fund and does not represent an obligation of or interest in Impac Secured Assets Corp., the Master Servicer, the Trustee referred to below or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Impac Secured Assets Corp., the Master Servicer, the Trustee or any of their affiliates. None of the Company, the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates.
This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Initial Certificate Principal Balance of this Certificate by the aggregate Initial Certificate Principal Balance of all Class A Certificates, both as specified above) in certain distributions with respect to the Trust Fund consisting primarily of an interest in a pool of one- to four-family adjustable-rate first lien and fixed-rate first and second lien mortgage loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among the Company, the Master Servicer and Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
A-2
Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date”), commencing as described in the Agreement, to the Person in whose name this Certificate is registered on the Business Day immediately preceding such Distribution Date (the “Record Date”), from the Available Funds in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount of interest and principal, if any, required to be distributed to Holders of Class A[1-A][1-B][1-C][-M] Certificates on such Distribution Date.
Distributions on this Certificate will be made either by the Trustee or by a Paying Agent appointed by the Trustee either in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Trustee or such Paying Agent at least 5 Business Days prior to the related Record Date, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register.
Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Initial Certificate Principal Balance of this Certificate is set forth above. The Certificate Principal Balance hereof will be reduced to the extent of distributions allocable to principal.
This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Pass-Through Certificates of the Series specified hereon (herein collectively called the “Certificates”).
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event the Master Servicer advances funds with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders.
For the Class AM Certificates: Ambac Assurance Corporation, in consideration of the payment of the premium and subject to the terms of the Certificate Guaranty Insurance Policy, has unconditionally and irrevocably guaranteed the payment of an amount equal to the Insured Amount (as defined in the Certificate Guaranty Insurance Policy) with respect to the Class AM Certificates with respect to each Distribution Date.
As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Trustee, the Company and the Master Servicer of advances made, or certain expenses incurred, by either of them.
A-3
The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Company, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Company, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates affected thereby and with consent of the Certificate Insurer. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances with the consent of the Certificate Insurer and without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates.
Prior to the termination of the Supplemental Interest Trust, any transferee shall be deemed to have made the representations in Section 5.02(c) of the Agreement.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.
The Company, the Master Servicer and the Trustee and any agent of the Company, the Master Servicer or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Company, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary.
This Certificate shall be governed by and construed in accordance with the laws of the State of New York.
A-4
The Mortgage Loans are subject to termination in whole, but not in part, by the Master Servicer, on or after the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is less than or equal to 10% of the Cut-of Date balance; provided, however, that no such purchase will be permitted if it would result in a draw on the Certificate Guaranty Insurance Policy, unless the Certificate Insurer consents in writing to such purchase.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
A-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: April 30, 2007 | DEUTSCHE BANK NATIONAL TRUST COMPANY, |
as Trustee | |
By: _____________________________ | |
Authorized Signatory |
CERTIFICATE OF AUTHENTICATION
This is one of the Class A[1-A][1-B][1-C][-M] Certificates referred to in the within-mentioned Agreement.
DEUTSCHE BANK NATIONAL TRUST COMPANY, | |
as Trustee | |
By: _____________________________ | |
Authorized Signatory |
A-6
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _____________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund.
I (We) further direct the Certificate Registrar to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address:
Dated: | |
Signature by or on behalf of assignor | |
Signature Guaranteed |
A-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in immediately available funds to___________________________________________ for the account of ______________________________ account number _________________,or, if mailed by check, to _____________________________ Applicable statements should be mailed to _____________________________________________.
This information is provided by ________________________, the assignee named above, or _________________________, as its agent.
A-8
EXHIBIT B-1
FORM OF CLASS M CERTIFICATE
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A CERTIFICATES [,] [AND] [THE CLASS M-1 CERTIFICATES] [,] [AND] [THE CLASS M-2 CERTIFICATES] [,] [AND] [THE CLASS M-3 CERTIFICATES] [,] [AND] [THE CLASS M-4 CERTIFICATES] [,] [AND] [THE CLASS M-5 CERTIFICATES] [,] [AND] [THE CLASS M-6 CERTIFICATES] [,] [AND] [THE CLASS M-7 CERTIFICATES] AS DESCRIBED IN THE AGREEMENT (AS DEFINED BELOW).
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).
THIS CERTIFICATE SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED IN THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW, REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE TRUSTEE EXCEPT TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES FOR THE RESPECTIVE CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE CERTIFICATE OWNERS SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO EACH OF SUCH BOOK-ENTRY CERTIFICATES THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY AND, EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE CERTIFICATES IN RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY CERTIFICATE OWNERS OF THEIR RESPECTIVE OWNERSHIP IN THE BOOK-ENTRY CERTIFICATES SHALL BE MADE IN ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY PARTICIPANT OR BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH DEPOSITORY PARTICIPANT SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE BOOK-ENTRY CERTIFICATES OF CERTIFICATE OWNERS IT REPRESENTS OR OF BROKERAGE FIRMS FOR WHICH IT ACTS AS AGENT IN ACCORDANCE WITH THE DEPOSITORY'S NORMAL PROCEDURES. THE TRUSTEE SHALL NOT BE REQUIRED TO MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH THE TRANSFER RESTRICTIONS WITH RESPECT TO THE BOOK-ENTRY CERTIFICATES, AND THE TRUSTEE SHALL HAVE NO LIABILITY FOR TRANSFERS OF OWNERSHIP INTERESTS IN THE BOOK-ENTRY CERTIFICATES MADE THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR CERTIFICATE OWNERS, MADE IN VIOLATION OF THE APPLICABLE RESTRICTIONS.
B-1-1
ANY TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
B-1-2
Certificate No. 1 | Adjustable Rate |
Class M-[1][2][3][4][5][6] | Aggregate Initial Certificate |
[7][8] | Principal Balance of the Class M- |
[1][2][3][4][5][6][7][8] Certificates: | |
$[__________] | |
Date of Pooling and Servicing | Initial Certificate Principal Balance |
Agreement and Cut-off Date: | of this Certificate: |
April 1, 2007 | $[__________] |
First Distribution Date: | CUSIP: [__________] |
May 25, 2007 | |
Master Servicer: | |
Impac Funding Corporation | |
Assumed Final Distribution Date: | |
September 25, 2037 |
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2007-3
evidencing a percentage interest in any distributions allocable to the Class M-[1][2][3][4][5][6][7][8] Certificates with respect to the Trust Fund consisting primarily of a pool of one- to four-family adjustable-rate first lien and fixed rate first and second lien mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.
This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Impac Secured Assets Corp., the Master Servicer, the Trustee referred to below or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Impac Secured Assets Corp., the Master Servicer, the Trustee or any of their affiliates. None of the Company, the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates.
This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Initial Certificate Principal Balance of this Certificate by the aggregate Initial Certificate Principal Balance of all Class M Certificates, both as specified above) in certain distributions with respect to a Trust Fund consisting primarily of a pool of one- to four-family adjustable-rate first lien and fixed rate first and second lien mortgage loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among the Company, the Master Servicer and Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
B-1-3
Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date”), commencing as described in the Agreement, to the Person in whose name this Certificate is registered on the Business Day immediately preceding such Distribution Date (the “Record Date”), from the Available Funds in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount of interest and principal, if any, required to be distributed to Holders of Class M-[1][2][3][4][5][6][7][8] Certificates on such Distribution Date.
Distributions on this Certificate will be made either by the Trustee or by a Paying Agent appointed by the Trustee either in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Trustee or such Paying Agent at least 5 Business Days prior to the related Record Date, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register.
Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Initial Certificate Principal Balance of this Certificate is set forth above. The Certificate Principal Balance hereof will be reduced to the extent of the distributions allocable to principal and any Realized Losses allocable hereto.
This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Pass-Through Certificates of the Series specified hereon (herein collectively called the “Certificates”).
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event the Master Servicer advances funds with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders.
As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Trustee, the Company and the Master Servicer of advances made, or certain expenses incurred, by either of them.
B-1-4
The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Company, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Company, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates affected thereby and with the consent of the Certificate Insurer. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances with the consent of the Certificate Insurer and without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates.
Any transferee shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.
The Company, the Master Servicer and the Trustee and any agent of the Company, the Master Servicer or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Company, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary.
This Certificate shall be governed by and construed in accordance with the laws of the State of New York.
The Mortgage Loans are subject to termination in whole, but not in part, by the Master Servicer, on or after the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is less than or equal to 10% of the Cut-of Date balance; provided, however, that no such purchase will be permitted if it would result in a draw on the Certificate Guaranty Insurance Policy, unless the Certificate Insurer consents in writing to such purchase.
B-1-5
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
B-1-6
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: April 30, 2007 | DEUTSCHE BANK NATIONAL TRUST COMPANY, |
as Trustee | |
By: ____________________________ | |
Authorized Signatory |
CERTIFICATE OF AUTHENTICATION
This is one of the Class M-[1][2][3][4][5][6][7][8] Certificates referred to in the within-mentioned Agreement.
DEUTSCHE BANK NATIONAL TRUST COMPANY, | |
as Trustee | |
By: ____________________________ | |
Authorized Signatory |
B-1-7
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _____________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund.
I (We) further direct the Certificate Registrar to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address: & amp;a mp;a mp;a mp; #160 ;
Dated: | |
Signature by or on behalf of assignor | |
Signature Guaranteed |
B-1-8
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in immediately available funds to for the account of account number ,or, if mailed by check, to Applicable statements should be mailed to .
This information is provided by , the assignee named above, or , as its agent.
B-1-9
EXHIBIT B-2
FORM OF CLASS B CERTIFICATE
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A CERTIFICATES AND THE CLASS M CERTIFICATES AS DESCRIBED IN THE AGREEMENT (AS DEFINED BELOW).
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).
THIS CERTIFICATE SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED IN THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW, REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE TRUSTEE EXCEPT TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES FOR THE RESPECTIVE CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE CERTIFICATE OWNERS SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO EACH OF SUCH BOOK-ENTRY CERTIFICATES THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY AND, EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE CERTIFICATES IN RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY CERTIFICATE OWNERS OF THEIR RESPECTIVE OWNERSHIP IN THE BOOK-ENTRY CERTIFICATES SHALL BE MADE IN ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY PARTICIPANT OR BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH DEPOSITORY PARTICIPANT SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE BOOK-ENTRY CERTIFICATES OF CERTIFICATE OWNERS IT REPRESENTS OR OF BROKERAGE FIRMS FOR WHICH IT ACTS AS AGENT IN ACCORDANCE WITH THE DEPOSITORY'S NORMAL PROCEDURES. THE TRUSTEE SHALL NOT BE REQUIRED TO MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH THE TRANSFER RESTRICTIONS WITH RESPECT TO THE BOOK-ENTRY CERTIFICATES, AND THE TRUSTEE SHALL HAVE NO LIABILITY FOR TRANSFERS OF OWNERSHIP INTERESTS IN THE BOOK-ENTRY CERTIFICATES MADE THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR CERTIFICATE OWNERS, MADE IN VIOLATION OF THE APPLICABLE RESTRICTIONS.
ANY TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
B-2-1
Certificate No. 1 | Variable Pass-Through Rate |
Class B | Aggregate Initial Certificate Principal |
Balance of the Class B Certificates: | |
$[__________] | |
Date of Pooling and Servicing | Initial Certificate Principal Balance |
Agreement and Cut-off Date: | of this Certificate: |
April 1, 2007 | $[__________] |
First Distribution Date: | CUSIP: [__________] |
May 25, 2007 | |
Master Servicer: | |
Impac Funding Corporation | |
Assumed Final Distribution Date: | |
September 25, 2037 |
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2007-3
evidencing a percentage interest in any distributions allocable to the Class B Certificates with respect to the Trust Fund consisting primarily of a pool of one- to four-family adjustable-rate first lien and fixed rate first and second lien mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.
This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Impac Secured Assets Corp., the Master Servicer, the Trustee referred to below or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Impac Secured Assets Corp., the Master Servicer, the Trustee or any of their affiliates. None of the Company, the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates.
This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Initial Certificate Principal Balance of this Certificate by the aggregate Initial Certificate Principal Balance of all Class B Certificates, both as specified above) in certain distributions with respect to a Trust Fund consisting primarily of a pool of one- to four-family adjustable-rate first lien and fixed rate first and second lien mortgage loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the “Agreement”) among the Company, the Master Servicer and Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
B-2-2
Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date”), commencing as described in the Agreement, to the Person in whose name this Certificate is registered on the Business Day immediately preceding such Distribution Date (the “Record Date”), from the Available Funds in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount of interest and principal, if any, required to be distributed to Holders of Class B Certificates on such Distribution Date.
Distributions on this Certificate will be made either by the Trustee or by a Paying Agent appointed by the Trustee either in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Trustee or such Paying Agent at least 5 Business Days prior to the related Record Date, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register.
Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Initial Certificate Principal Balance of this Certificate is set forth above. The Certificate Principal Balance hereof will be reduced to the extent of the distributions allocable to principal and any Realized Losses allocable hereto.
This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Pass-Through Certificates of the Series specified hereon (herein collectively called the “Certificates”).
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event the Master Servicer advances funds with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders.
As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Trustee, the Company and the Master Servicer of advances made, or certain expenses incurred, by either of them.
The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Company, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Company, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates affected thereby and with the consent of the Certificate Insurer. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances with the consent of the Certificate Insurer and without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates.
B-2-3
Any transferee shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.
The Company, the Master Servicer and the Trustee and any agent of the Company, the Master Servicer or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Company, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary.
This Certificate shall be governed by and construed in accordance with the laws of the State of New York.
The Mortgage Loans are subject to termination in whole, but not in part, by the Master Servicer, on or after the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is less than or equal to 10% of the Cut-of Date balance; provided, however, that no such purchase will be permitted if it would result in a draw on the Certificate Guaranty Insurance Policy, unless the Certificate Insurer consents in writing to such purchase.
B-2-4
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
B-2-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: April 30, 2007 | DEUTSCHE BANK NATIONAL TRUST COMPANY, |
as Trustee | |
By: _______________________________ | |
Authorized Signatory |
CERTIFICATE OF AUTHENTICATION
This is one of the Class B Certificates referred to in the within-mentioned Agreement.
DEUTSCHE BANK NATIONAL TRUST COMPANY, | |
as Trustee | |
By: _______________________________ | |
Authorized Signatory |
B-2-6
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _____________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund.
I (We) further direct the Certificate Registrar to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address: & amp;a mp;a mp;a mp; #160 ;
Dated: | |
Signature by or on behalf of assignor | |
Signature Guaranteed |
B-2-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in immediately available funds to for the account of account number ,or, if mailed by check, to Applicable statements should be mailed to .
This information is provided by , the assignee named above, or , as its agent.
B-2-8
EXHIBIT B-3
FORM OF CLASS C CERTIFICATES
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS OF THE AGREEMENT REFERRED TO HEREIN.
NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE SHALL BE MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.
B-3-1
NO TRANSFER OF THIS CERTIFICATE SHALL BE MADE UNLESS THE PROPOSED TRANSFEREE OF SUCH CERTIFICATE (1) PROVIDES TO THE TRUSTEE THE APPROPRIATE TAX CERTIFICATION FORMS THAT WOULD ELIMINATE ANY WITHHOLDING OR DEDUCTION FOR TAXES FROM AMOUNTS PAYABLE BY THE SWAP PROVIDER, PURSUANT TO THE INTEREST RATE SWAP AGREEMENT, AND BY THE CAP COUNTERPARTIES, PURSUANT TO THE CAP CONTRACTS, TO THE SUPPLEMENTAL INTEREST TRUST (I.E., IRS FORM W-9 OR IRS FORM W-8BEN, W-8IMY, W-8EXP OR W-8ECI, AS APPLICABLE (OR ANY SUCCESSOR FORM THERETO), TOGETHER WITH ANY APPLICABLE ATTACHMENTS) AND (2) AGREES TO UPDATE SUCH FORMS (A) UPON EXPIRATION OF ANY SUCH FORM, (B) AS REQUIRED UNDER THEN APPLICABLE U.S. TREASURY REGULATIONS AND (C) PROMPTLY UPON LEARNING THAT SUCH FORMS HAVE BECOME OBSOLETE OR INCORRECT, EACH AS A CONDITION TO SUCH TRANSFER. IN ADDITION, NO TRANSFER OF THIS CERTIFICATE SHALL BE MADE IF SUCH TRANSFER WOULD CAUSE THE SUPPLEMENTAL INTEREST TRUST TO BE BENEFICIALLY OWNED BY TWO OR MORE PERSONS FOR FEDERAL INCOME TAX PURPOSES, OR CONTINUE TO BE SO TREATED, UNLESS (I) EACH PROPOSED TRANSFEREE OF SUCH CERTIFICATE COMPLIES WITH THE FOREGOING CONDITIONS, AND (II) THE PROPOSED MAJORITY HOLDER OF THE CLASS C CERTIFICATES (OR EACH HOLDER, IF THERE IS OR WOULD BE NO MAJORITY HOLDER) (X) PROVIDES, OR CAUSES TO BE PROVIDED, ON BEHALF OF THE SUPPLEMENTAL INTEREST TRUST, IF APPLICABLE, TO THE TRUSTEE, THE APPROPRIATE TAX CERTIFICATION FORM THAT WOULD BE REQUIRED FROM THE SUPPLEMENTAL INTEREST TRUST TO ELIMINATE ANY WITHHOLDING OR DEDUCTION FOR TAXES FROM AMOUNTS PAYABLE BY THE SWAP PROVIDER, PURSUANT TO THE INTEREST RATE SWAP AGREEMENT, AND BY THE CAP COUNTERPARTIES, PURSUANT TO THE CAP CONTRACTS, TO THE SUPPLEMENTAL INTEREST TRUST (I.E., IRS FORM W-9 OR IRS FORM W-8BEN, W-8IMY, W-8EXP OR W-8ECI, AS APPLICABLE (OR ANY SUCCESSOR FORM THERETO), TOGETHER WITH ANY APPLICABLE ATTACHMENTS) AND (Y) AGREES TO UPDATE SUCH FORM (A) UPON EXPIRATION OF SUCH FORM, (B) AS REQUIRED UNDER THEM APPLICABLE U.S. TREASURY REGULATIONS AND (C) PROMPTLY UPON LEARNING THAT SUCH FORM HAS BECOME OBSOLETE OR INCORRECT. UNDER THE AGREEMENT, UPON RECEIPT OF ANY TAX CERTIFICATION FORM PURSUANT TO THESE TRANSFER RESTRICTIONS FROM A PROPOSED HOLDER OF THIS CERTIFICATE, THE TRUSTEE, AS THE SUPPLEMENTAL INTEREST TRUST TRUSTEE, SHALL FORWARD SUCH TAX CERTIFICATION FORM PROVIDED TO IT TO THE SWAP PROVIDER AND CAP COUNTERPARTIES. EACH HOLDER OF THIS CERTIFICATE AND EACH TRANSFEREE THEREOF SHALL BE DEEMED TO HAVE CONSENTED TO THE TRUSTEE, AS THE SUPPLEMENTAL INTEREST TRUST TRUSTEE, FORWARDING TO THE SWAP PROVIDER AND CAP COUNTERPARTIES ANY TAX CERTIFICATION FORM IT HAS PROVIDED AND UPDATED IN ACCORDANCE WITH THESE TRANSFER RESTRICTIONS. ANY PURPORTED SALES OR TRANSFERS OF THIS CERTIFICATE TO A TRANSFEREE WHICH DOES NOT COMPLY WITH THESE REQUIREMENTS SHALL BE DEEMED NULL AND VOID UNDER THE AGREEMENT.
B-3-2
Certificate No. 1 | ||
Class C | Aggregate Initial Notional Amount of the Class C Certificates: $_____________] | |
Date of Pooling and Servicing Agreement and Cut-off Date: April 1, 2007 | Initial Notional Amount of this Certificate: $[_____________] | |
First Distribution Date: May 25, 2007 | Initial Certificate Principal Balance of this Certificate $[_________] | |
Master Servicer: Impac Funding Corporation | Percentage Interest of this Certificate: 100% | |
Assumed Final Distribution Date: September 25, 2037 | CUSIP: [_________] |
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2007-3
evidencing percentage interest in the distributions allocable to the Class C Certificates with respect to a Trust Fund consisting primarily of a pool of one- to four- family adjustable-rate first lien and fixed rate first and second lien mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.
This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Impac Secured Assets Corp., the Master Servicer, the Trustee referred to below or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Impac Secured Assets Corp., the Master Servicer, the Trustee or any of their affiliates. None of the Company, the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other or obligation secured by or payable from payments on the Certificates.
This certifies that [___________________] is the registered owner of the Percentage Interest evidenced by this Class C Certificate (obtained by dividing the Original Class C Certificate by the Original Class Certificate Principal Balance) in certain distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Impac Secured Assets Corp. (the “Company”). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of April 1, 2007 (the “Agreement”) among the Company, Impac Funding Corporation, as master servicer (the “Master Servicer”) and Deutsche Bank National Trust Company, as trustee (the “Trustee”). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class C Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class C Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
B-3-3
Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the “Distribution Date”), commencing as described in the Agreement, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such Distribution Date (the “Record Date”), from the Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount (of interest, if any) required to be distributed to Holders of Class C Certificates on such Distribution Date.
Distributions on this Certificate will be made either by the Trustee or by a Paying Agent appointed by the Trustee either in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Trustee or such Paying Agent at least 5 Business Days prior to the related Record Date, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register.
Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York.
This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Pass-Through Certificates of the Series specified hereon (herein collectively called the “Certificates”).
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event the Master Servicer advances funds with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders.
As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Trustee, the Company and the Master Servicer of advances made, or certain expenses incurred, by either of them.
B-3-4
No transfer of a Certificate of this Class shall be made unless such transfer is made pursuant to an effective registration statement under the Act and any applicable state securities laws or is exempt from the registration requirements under said Act and such laws. In the event that a transfer is to be made in reliance upon an exemption from the Act and such laws, in order to assure compliance with the act and such laws, the Certificateholder desiring to effect such transfer and such Certificateholder’s prospective transferee shall each certify to the Trustee and the Company in writing the facts surrounding the transfer. In the event that such a transfer is not to be made pursuant to Rule 144A of the act, there shall be delivered to the Trustee and the Company of an Opinion of Counsel that such transfer may be made pursuant to an exemption from the Act, which Opinion of Counsel shall not be obtained at the expense of the Trustee, the Master Servicer or the Company; or there shall be delivered to the Trustee and the Company a transferor certificate by the transferor and an investment letter shall be executed by the transferee. The Holder hereof desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee and the Company against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.
No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement.
The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Company, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Company, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates affected thereby and with the consent of the Certificate Insurer. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances with the consent of the Certificate Insurer and without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same.
B-3-5
No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.
The Company, the Master Servicer and the Trustee and any agent of the Company, the Master Servicer or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Company, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary.
This Certificate shall be governed by and construed in accordance with the laws of the State of New York.
The Mortgage Loans are subject to termination in whole, but not in part, by the Master Servicer, on or after the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is less than or equal to 10% of the Cut-of Date balance; provided, however, that no such purchase will be permitted if it would result in a draw on the Certificate Guaranty Insurance Policy, unless the Certificate Insurer consents in writing to such purchase.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
B-3-6
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: April 30, 2007 | DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee By:______________________________ Authorized Signatory |
CERTIFICATE OF AUTHENTICATION
This is one of the Class C Certificates referred to in the within-mentioned Agreement.
Dated: April 30, 2007 | DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee By:______________________________ Authorized Signatory |
B-3-7
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _____________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund.
I (We) further direct the Certificate Registrar to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address:
Dated: | |
Signature by or on behalf of assignor | |
Signature Guaranteed |
B-3-8
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ________________________________________________for the account of ______________ account number ___________, or, if mailed by check, to_____________________ Applicable statements should be mailed to ______________________________________ _______________________________________________________________________________________.
This information is provided by __________________, the assignee named above, or ____________________, as its agent.
B-3-9
EXHIBIT B-4
FORM OF CLASS P CERTIFICATE
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS OF THE AGREEMENT REFERRED TO HEREIN.
NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE SHALL BE MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.
B-4-1
Certificate No. 1 | ||
Class P | Aggregate Initial Certificate Principal Balance of the Class P Certificates: $100.00 | |
Date of Pooling and Servicing Agreement and Cut-off Date: April 1, 2007 | Initial Certificate Principal Balance of this Certificate Denomination: $100.00 | |
First Distribution Date May 25, 2007 | Percentage Interest of this Certificate: 100% | |
Master Servicer Impac Funding Corporation | CUSIP: [_________] | |
Assumed Final Distribution Date: September 25, 2037 |
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2007-3
evidencing a percentage interest in any distributions allocable to the Class P Certificates with respect to the Trust Fund consisting primarily of a pool of one-to four-family adjustable-rate first lien and fixed rate first and second lien mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.
This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Impac Secured Assets Corp., the Master Servicer, the Trustee referred to below or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Impac Secured Assets Corp., the Master Servicer, the Trustee or any of their affiliates. None of the Company, the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates.
B-4-2
This certifies that Deutsche Bank National Trust Company on behalf of the Impac NIM Trust 2007-3 Noteholders is the registered owner of the Percentage Interest evidenced by this Class P Certificate (obtained by dividing the Denomination of this Class P Certificate by the Original Class Certificate Principal Balance) in certain distributions with respect to a Trust Fund consisting primarily of a pool of one- to four-family adjustable-rate first lien and fixed rate first and second lien mortgage loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the “Agreement”) among the Company, the Master Servicer and Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement; to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the “Distribution Date”), commencing as described in the Agreement, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such Distribution Date (the “Record Date”), from the Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount (of Prepayment Charges and principal, if any) required to be distributed to Holders of Class P Certificates on such Distribution Date.
Distributions on this Certificate will be made either by the Trustee or by a Paying Agent appointed by the Trustee either in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Trustee or such Paying Agent at least 5 Business Days prior to the related Record Date, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register.
Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Initial Certificate Principal Balance of this Certificate is set forth above. The Certificate Principal Balance hereof will be reduced to the extent of the distributions allocable to principal allocable hereto.
This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Pass-Through Certificates of the Series specified hereon (herein collectively called the “Certificates”).
B-4-3
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event the Master Servicer advances funds with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders.
As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Trustee, the Company and the Master Servicer of advances made, or certain expenses incurred, by either of them.
No transfer of a Certificate of this Class shall be made unless such transfer is made pursuant to an effective registration statement under the Act and any applicable state securities laws or is exempt from the registration requirements under said Act and such laws. In the event that a transfer is to be made in reliance upon an exemption from the Act and such laws, in order to assure compliance with the Act and such laws, the Certificateholder desiring to effect such transfer and such Certificateholder's prospective transferee shall each certify to the Trustee and the Company in writing the facts surrounding the transfer. In the event that such a transfer is not to be made pursuant to Rule 144A of the Act, there shall be delivered to the Trustee and the Company of an Opinion of Counsel that such transfer may be made pursuant to an exemption from the Act, which Opinion of Counsel shall not be obtained at the expense of the Trustee, the Master Servicer or the Company; or there shall be delivered to the Trustee and the Company a transferor certificate by the transferor and an investment letter shall be executed by the transferee. The Holder hereof desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee and the Company against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.
No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement.
The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Company, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Company, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates affected thereby and with the consent of the Certificate Insurer. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances with the consent of the Certificate Insurer and without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates.
B-4-4
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.
The Company, the Master Servicer and the Trustee and any agent of the Company, the Master Servicer or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Company, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary.
This Certificate shall be governed by and construed in accordance with the laws of the State of New York.
The Mortgage Loans are subject to termination in whole, but not in part, by the Master Servicer, on or after the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is less than or equal to 10% of the Cut-of Date balance; provided, however, that no such purchase will be permitted if it would result in a draw on the Certificate Guaranty Insurance Policy, unless the Certificate Insurer consents in writing to such purchase.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
B-4-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: April 30, 2007 | DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee By:______________________________ Authorized Signatory |
CERTIFICATE OF AUTHENTICATION
This is one of the Class P Certificates referred to in the within-mentioned Agreement.
DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee By:______________________________ Authorized Signatory |
B-4-6
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
(Please print or typewrite name and address including postal zip code of assignee)
the Percentage Interest evidenced by the within Certificate and hereby authorizes the transfer of registration of such Percentage Interest to assignee on the Certificate Register of the Trust.
I (We) further direct the Trustee to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address:
Dated: | |
Signature by or on behalf of assignor | |
Signature Guaranteed |
B-4-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ________________________________________________for the account of ______________ account number ___________, or, if mailed by check, to_____________________ Applicable statements should be mailed to ______________________________________ _______________________________________________________________________________________.
This information is provided by __________________, the assignee named above, or ____________________, as its agent.
B-4-8
EXHIBIT B-5
FORM OF CLASS R CERTIFICATE
THIS CERTIFICATE MAY NOT BE HELD BY OR TRANSFERRED TO A NON-UNITED STATES PERSON OR A DISQUALIFIED ORGANIZATION (AS DEFINED BELOW).
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “RESIDUAL INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).
NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 5.02(c) OF THE AGREEMENT (AS DEFINED BELOW) OR AN OPINION OF COUNSEL AS PROVIDED IN SECTION 5.02(c) THAT THE PURCHASE OF THIS CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE MASTER SERVICER, THE COMPANY OR THE TRUSTEE TO ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT.
THIS CLASS R CERTIFICATE HAS NO PRINCIPAL BALANCE, DOES NOT BEAR INTEREST AND WILL NOT RECEIVE ANY DISTRIBUTIONS EXCEPT AS PROVIDED HEREIN.
B-5-1
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE MASTER SERVICER AND THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT (A) THE UNITED STATES, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (B) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (C) ANY ORGANIZATION DESCRIBED IN SECTION 1381(a)(2)(C) OF THE CODE, (D) ANY ELECTING LARGE PARTNERSHIP UNDER SECTION 775(a) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A), (B) (C) OR (D) BEING HEREIN REFERRED TO AS A “DISQUALIFIED ORGANIZATION”) OR (E) AN AGENT OF A DISQUALIFIED ORGANIZATION, (2) NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX, (3) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND (4) SUCH TRANSFEREE IS A UNITED STATES PERSON. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OR ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION OR A NON-UNITED STATES PERSON, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH.
B-5-2
Certificate No. 1 | ||
Class R Senior | ||
Date of Pooling and Servicing Agreement and Cut-off Date: April 1, 2007 | Percentage Interest: 100% | |
First Distribution Date: May 25, 2007 | ||
Master Servicer: Impac Funding Corporation | ||
Assumed Final Distribution Date: September 25, 2037 | CUSIP: [_________] |
MORTGAGE PASS-THROUGH CERTIFICATE,
SERIES 2007-3
evidencing a percentage interest in any distributions allocable to the Class R Certificates with respect to the Trust Fund consisting primarily of a pool of one- to four-family adjustable-rate first lien and fixed rate first and second lien mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.
This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Impac Secured Assets Corp., the Master Servicer, the Trustee referred to below or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Impac Secured Assets Corp., the Master Servicer, the Trustee or any of their affiliates. None of the Company, the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates.
This certifies that [_______________] is the registered owner of the Percentage Interest evidenced by this Certificate stated above in certain distributions with respect to a Trust Fund, consisting primarily of a pool of one- to four-family adjustable-rate first lien and fixed rate first and second lien mortgage loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the “Agreement”) among the Company, the Master Servicer and Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
B-5-3
This Certificate does not have a principal balance or pass-through rate and will be entitled to distributions only to the Patent set forth in the Agreement. In addition, any distribution of the proceeds of any remaining assets of the Trust will be made only upon presentment and surrender of this Certificate at the office or agency maintained by the Trustee.
This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Pass-Through Certificates of the Series specified hereon (herein collectively called the “Certificates”).
As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Trustee, the Company and the Master Servicer of advances made, or certain expenses incurred, by either of them.
No transfer of a Certificate of this Class shall be made unless such transfer is made pursuant to an effective registration statement under the Act and any applicable state securities laws or is exempt from the registration requirements under said Act and such laws. In the event that a transfer is to be made in reliance upon an exemption from the Act and such laws, in order to assure compliance with the Act and such laws, the Certificateholder desiring to effect such transfer and such Certificateholder's prospective transferee shall each certify to the Trustee and the Company in writing the facts surrounding the transfer. In the event that such a transfer is not to be made pursuant to Rule 144A of the Act, there shall be delivered to the Trustee and the Company of an Opinion of Counsel that such transfer may be made pursuant to an exemption from the Act, which Opinion of Counsel shall not be obtained at the expense of the Trustee, the Master Servicer or the Company; or there shall be delivered to the Trustee and the Company a transferor certificate by the transferor and an investment letter shall be executed by the transferee. The Holder hereof desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee and the Company against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.
No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement.
Each Holder of this Certificate will be deemed to have agreed to be bound by the restrictions of the Agreement, including but not limited to the restrictions that (i) each person holding or acquiring any Ownership Interest in this Certificate must be a Permitted Transferee, (ii) no Ownership Interest, in this Certificate may be transferred without delivery to the Trustee of (a) a transfer affidavit of the proposed transferee and (b) a transfer certificate of the transferor, each of such documents to be in the form described in the Agreement, (iii) each person holding or acquiring any Ownership Interest in this Certificate must agree to require a transfer affidavit and to deliver a transfer certificate to the Trustee as required pursuant to the Agreement, (iv) each person holding or acquiring an Ownership Interest in this Certificate must agree not to transfer an Ownership Interest in this Certificate if it has actual knowledge that the proposed transferee is not a Permitted Transferee and (v) any attempted or purported transfer of any Ownership Interest in this Certificate in violation of such restrictions will be absolutely null and void and will vest no rights in the purported transferee. Pursuant to the Agreement, the Trustee will provide the Internal Revenue Service and any pertinent persons with the information needed to compute the tax imposed under the applicable tax laws on transfers of residual interests to disqualified organizations, if any person other than a Permitted Transferee acquires an Ownership Interest on a Class R Certificate in violation of the restrictions mentioned above.
B-5-4
The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Company, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Company, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates affected thereby and with the consent of the Certificate Insurer. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances with the consent of the Certificate Insurer and without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee, duly endorsed by, or accompanied by an, assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.
The Company, the Master Servicer and the Trustee and any agent of the Company, the Master Servicer or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Company, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary.
B-5-5
This Certificate shall be governed by and construed in accordance with the laws of the State of New York.
The Mortgage Loans are subject to termination in whole, but not in part, by the Master Servicer, on or after the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is less than or equal to 10% of the Cut-of Date balance; provided, however, that no such purchase will be permitted if it would result in a draw on the Certificate Guaranty Insurance Policy, unless the Certificate Insurer consents in writing to such purchase.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
B-5-6
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: April 30, 2007 | DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee By:______________________________ Authorized Signatory |
CERTIFICATE OF AUTHENTICATION
This is one of the Class R Certificates referred to in the within-mentioned Agreement.
DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee By:______________________________ Authorized Signatory |
B-5-7
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
(Please print or typewrite name and address including postal zip code of assignee)
the Percentage Interest evidenced by the within Certificate and hereby authorizes the transfer of registration of such Percentage Interest to assignee on the Certificate Register of the Trust.
I (We) further direct the Trustee to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address:
Dated: | |
Signature by or on behalf of assignor | |
Signature Guaranteed |
B-5-8
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ________________________________________________for the account of ______________ account number ___________, or, if mailed by check, to_____________________ Applicable statements should be mailed to ______________________________________ _______________________________________________________________________________________.
This information is provided by __________________, the assignee named above, or ____________________, as its agent.
B-5-9
EXHIBIT C
FORM OF TRUSTEE'S INITIAL CERTIFICATION
April 30, 2007
Impac Secured Assets Corp.
19500 Jamboree Road
Irvine, California 92612
Impac Funding Corporation
19500 Jamboree Road
Irvine, California 92612
Re: | Pooling and Servicing Agreement, dated as of April 1, 2007, among Impac Secured Assets Corp., Impac Funding Corporation and Deutsche Bank National Trust Company, relating to Mortgage Pass-Through Certificates, Series 2007-3 |
Ladies and Gentlemen:
In accordance with Section 2.02 of the above-captioned Pooling and Servicing Agreement, the undersigned, as Trustee, hereby certifies that as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid in full or listed on the attachment hereto) it has reviewed the Mortgage File and the Mortgage Loan Schedule and has determined that: (i) all documents required to be included in the Mortgage File are in its possession; (ii) such documents have been reviewed by it and appear regular on their face and relate to such Mortgage Loan; and (iii) based on examination by it, and only as to such documents, the information set forth in items (iii) and (iv) of the definition or description of “Mortgage Loan Schedule” is correct.
The Trustee has made no independent examination of any documents contained in each Mortgage File beyond the review specifically required in the above-referenced Pooling and Servicing Agreement. The Trustee makes no representation that any documents specified in clause (vi) of Section 2.01 should be included in any Mortgage File. The Trustee makes no representations as to and shall not be responsible to verify: (i) the validity, legality, sufficiency, enforceability, due authorization, recordability or genuineness of any of the documents contained in each Mortgage File of any of the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan, or (iii) the existence of any assumption, modification, written assurance or substitution agreement with respect to any Mortgage File if no such documents appear in the Mortgage File delivered to the Trustee.
C-1
Capitalized words and phrases used herein shall have the respective meanings assigned to them in the above-captioned Pooling and Servicing Agreement.
[_______________________________] | |
By: ________________________________ | |
Name: | |
Title: |
C-2
EXHIBIT D
FORM OF TRUSTEE FINAL CERTIFICATION
______________, 20__
Impac Secured Assets Corp.
19500 Jamboree Road
Irvine, California 92612
Impac Funding Corporation
19500 Jamboree Road
Irvine, California 92612
Ambac Assurance Corporation
One State Street Plaza
New York, New York 10004
Re: | Pooling and Servicing Agreement, dated as of April 1, 2007, among Impac Secured Assets Corp., Impac Funding Corporation and Deutsche Bank National Trust Company, relating to Mortgage Pass-Through Certificates, Series 2007-3 |
Ladies and Gentlemen:
In accordance with Section 2.02 of the above-captioned Pooling and Servicing Agreement, the undersigned, as Trustee, hereby certifies that as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid in full or listed on the attachment hereto) it has received the documents set forth in Section 2.01.
The Trustee has made no independent examination of any documents contained in each Mortgage File beyond the review specifically required in the above-referenced Pooling and Servicing Agreement. The Trustee makes no representation that any documents specified in clause (vi) of Section 2.01 should be included in any Mortgage File. The Trustee makes no representations as to and shall not be responsible to verify: (i) the validity, legality, sufficiency, enforceability, due authorization, recordability or genuineness of any of the documents contained in each Mortgage File of any of the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan or (iii) the existence of any assumption, modification, written assurance or substitution agreement with respect to any Mortgage File if no such documents appear in the Mortgage File delivered to the Trustee.
D-1
Capitalized words and phrases used herein shall have the respective meanings assigned to them in the above-captioned Pooling and Servicing Agreement.
[_________________________] | |
By: ________________________________ | |
Name: | |
Title: |
D-2
EXHIBIT E
FORM OF REMITTANCE REPORT
(Provided Upon Request)
E-1
EXHIBIT F-1
REQUEST FOR RELEASE
(for Trustee)
Loan Information | ||
Name of Mortgagor: | ___________________________ | |
Master Servicer | ||
Loan No.: | ___________________________ | |
Trustee | ||
Name: | ___________________________ | |
Address: | ___________________________ | |
___________________________ | ||
Trustee | ||
Mortgage File No.: | ___________________________ |
F-1-1
Request for Requesting Documents (check one):
1. | Mortgage Loan Liquidated. |
(The Master Servicer hereby certifies that all proceeds of foreclosure, insurance or other liquidation have been finally received and deposited into the Custodial Account to the extent required pursuant to the Pooling and Servicing Agreement.)
2. | Mortgage Loan in Foreclosure. |
3. | Mortgage Loan Repurchased Pursuant to Section 9.01 of the Pooling and Servicing Agreement. |
4. | Mortgage Loan Repurchased Pursuant to Article II of the Pooling and Servicing Agreement. |
(The Master Servicer hereby certifies that the repurchase price has been deposited into the Custodial Account pursuant to the Pooling and Servicing Agreement.)
5. | Other (explain). |
F-1-2
The undersigned Master Servicer hereby acknowledges that it has received from the Trustee for the Holders of Mortgage Pass-Through Certificates, Series 2007-3, the documents referred to below (the “Documents”). All capitalized terms not otherwise defined in this Request for Release shall have the meanings given them in the Pooling and Servicing Agreement, dated as of April 1, 2007 (the “Pooling and Servicing Agreement”), among Impac Secured Assets Corp., Impac Funding Corporation and the Trustee.
( ) | Promissory Note dated _________________, 200_, in the original principal sum of $__________, made by __________________, payable to, or endorsed to the order of, the Trustee. |
( ) | Mortgage recorded on _________________________ as instrument no. ___________ in the County Recorders Office of the County of ______________________, State of _____________________ in book/reel/docket of official records at page/image _______________. |
( ) | Deed of Trust recorded on ____________________ as instrument no._____________ in the County Recorder's Office of the County of ______________________, State of _____________________in book/reel/docket __________________ of official records at page/image ________________. |
( ) | Assignment of Mortgage or Deed of Trust to the Trustee, recorded on _______________ as instrument no. ______________ in the County Recorder's Office of the County of ________________, State of ___________________ in book/reel/docket ____________ of official records at page/image ___________. |
( ) | Other documents, including any amendments, assignments or other assumptions of the Mortgage Note or Mortgage. |
( ) | ___________________________ |
( ) | ___________________________ |
( ) | ___________________________ |
( ) | ___________________________ |
F-1-3
The undersigned Master Servicer hereby acknowledges and agrees as follows:
(1) The Master Servicer shall hold and retain possession of the Documents in trust for the benefit of the Trustee, solely for the purposes provided in the Agreement.
(2) The Master Servicer shall not cause or knowingly permit the Documents to become subject to, or encumbered by, any claim, liens, security interest, charges, writs of attachment or other impositions nor shall the Master Servicer assert or seek to assert any claims or rights of setoff to or against the Documents or any proceeds thereof.
(3) The Master Servicer shall return each and every Document previously requested from the Mortgage File to the Trustee when the need therefor no longer exists, unless the Mortgage Loan relating to the Documents has been liquidated and the proceeds thereof have been remitted to the Custodial Account and except as expressly provided in the Agreement.
(4) The Documents and any proceeds thereof, including any proceeds of proceeds, coming into the possession or control of the Master Servicer shall at all times be earmarked for the account of the Trustee, and the Master Servicer shall keep the Documents and any proceeds separate and distinct from all other property in the Master Servicer's possession, custody or control.
IMPAC FUNDING CORPORATION | |
By: ___________________________ Title: ___________________________ |
Date: _________________, 200_
F-1-4
EXHIBIT F-2
REQUEST FOR RELEASE
[Mortgage Loans Paid in Full]
OFFICER’S CERTIFICATE AND TRUST RECEIPT
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2007-3
_____________________________________ HEREBY CERTIFIES THAT HE/SHE IS AN OFFICER OF THE MASTER SERVICER, HOLDING THE OFFICE SET FORTH BENEATH HIS/HER SIGNATURE, AND HEREBY FURTHER CERTIFIES AS FOLLOWS:
WITH RESPECT TO THE MORTGAGE LOANS, AS THE TERM IS DEFINED IN THE POOLING AND SERVICING AGREEMENT DESCRIBED IN THE ATTACHED SCHEDULE:
ALL PAYMENTS OF PRINCIPAL, PREMIUM (IF ANY), AND INTEREST HAVE BEEN MADE.
LOAN NUMBER: _____________________ | BORROWER'S NAME: ________________ |
COUNTY: ___________________________ |
F-2-1
WE HEREBY CERTIFY THAT ALL AMOUNTS RECEIVED IN CONNECTION WITH SUCH PAYMENTS, WHICH ARE REQUIRED TO BE DEPOSITED IN THE CUSTODIAL ACCOUNT PURSUANT TO SECTION 3.10 OF THE POOLING AND SERVICING AGREEMENT, HAVE BEEN OR WILL BE CREDITED.
_________ ____________ | DATED: _____________________ |
// VICE PRESIDENT
// ASSISTANT VICE PRESIDENT
F-2-2
EXHIBIT G-1
FORM OF INVESTOR REPRESENTATION LETTER
___________, 200__
Impac Secured Assets Corp.
19500 Jamboree Road
Irvine, California 92612
DB Services Tennessee
648 Grassmere Park Rd.
Nashville, TN 37211
Attn: Transfer Unit
Re: | Impac Secured Assets Corp. |
Mortgage Pass-Through Certificates Series 2007-3, Class [_] Certificates
Ladies and Gentlemen:
______________ (the “Purchaser”) intends to purchase from ______________ (the “Seller”) $_________ Initial Certificate Principal Balance of Mortgage Pass-Through Certificates, Series 2007-3, Class _____ (the “Certificates”), issued pursuant to the Pooling and Servicing Agreement, dated as of April 1, 2007 (the “Pooling and Servicing Agreement”), among Impac Secured Assets Corp., as depositor (the “Company”), Impac Funding Corporation, as master servicer, and Deutsche Bank National Trust Company, as trustee (the “Trustee”). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Purchaser hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:
1. The Purchaser understands that (a) the Certificates have not been and will not be registered or qualified under the Securities Act of 1933, as amended (the “Act”) or any state securities law, (b) the Company is not required to so register or qualify the Certificates, (c) the Certificates may be resold only if registered and qualified pursuant to the provisions of the Act or any state securities law, or if an exemption from such registration and qualification is available, (d) the Pooling and Servicing Agreement contains restrictions regarding the transfer of the Certificates and (e) the Certificates will bear a legend to the foregoing effect.
2. The Purchaser is acquiring the Certificates for its own account for investment only and not with a view to or for sale in connection with any distribution thereof in any manner that would violate the Act or any applicable state securities laws.
G-1-1
3. The Purchaser is (a) a substantial, sophisticated institutional investor having such knowledge and experience in financial and business matters, and, in particular, in such matters related to securities similar to the Certificates, such that it is capable of evaluating the merits and risks of investment in the Certificates, (b) able to bear the economic risks of such an investment and (c) an “accredited investor” within the meaning of Rule 501(a) (1)-(3) and (7) of Regulation D promulgated pursuant to the Act.
4. The Purchaser has been furnished with, and has had an opportunity to review (a) a copy of the Pooling and Servicing Agreement and (b) such other information concerning the Certificates, the Mortgage Loans and the Company as has been requested by the Purchaser from the Company or the Seller and is relevant to the Purchaser's decision to purchase the Certificates. The Purchaser has had any questions arising from such review answered by the Company or the Seller to the satisfaction of the Purchaser.
5. The Purchaser has not and will not nor has it authorized or will it authorize any person to (a) offer, pledge, sell, dispose of or otherwise transfer any Certificate, any interest in any Certificate or any other similar security to any person in any manner, (b) solicit any offer to buy or to accept a pledge, disposition of other transfer of any Certificate, any interest in any Certificate or any other similar security from any person in any manner, (c) otherwise approach or negotiate with respect to any Certificate, any interest in any Certificate or any other similar security with any person in any manner, (d) make any general solicitation by means of general advertising or in any other manner or (e) take any other action, that (as to any of (a) through (e) above) would constitute a distribution of any Certificate under the Act, that would render the disposition of any Certificate a violation of Section 5 of the Act or any state securities law, or that would require registration or qualification pursuant thereto. The Purchaser will not sell or otherwise transfer any of the Certificates, except in compliance with the provisions of the Pooling and Servicing Agreement.
Very truly yours, _____________________________ (Purchaser) | |
By: __________________________ Name: ________________________ Title: _________________________ |
G-1-2
EXHIBIT G-2
FORM OF TRANSFEROR REPRESENTATION LETTER
______________, 200___
Impac Secured Assets Corp.
19500 Jamboree Road
Irvine, California 92612
DB Services Tennessee
648 Grassmere Park Rd.
Nashville, TN 37211
Attn: Transfer Unit
Re: | Impac Secured Assets Corp. |
Mortgage Pass-Through Certificates, Series 2007-3, Class [_] Certificates
Ladies and Gentlemen:
In connection with the sale by ___________ (the “Seller”) to ________ (the “Purchaser”) of $_________ Initial Certificate Principal Balance of Mortgage Pass-Through Certificates, Series 2007-3, Class _____ (the “Certificates”), issued pursuant to the Pooling and Servicing Agreement, dated as of April 1, 2007 (the “Pooling and Servicing Agreement”), among Impac Secured Assets Corp., as depositor (the “Company”), Impac Funding Corporation, as master servicer, and Deutsche Bank National Trust Company, as trustee (the “Trustee”). The Seller hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:
Neither the Seller nor anyone acting on its behalf has (a) offered, pledged, sold, disposed of or otherwise transferred any Certificate, any interest in any Certificate or any other similar security to any person in any manner, (b) has solicited any offer to buy or to accept a pledge, disposition or other transfer of any Certificate, any interest in any Certificate or any other similar security from any person in any manner, (c) has otherwise approached or negotiated with respect to any Certificate, any interest in any Certificate or any other similar security with any person in any manner, (d) has made any general solicitation by means of general advertising or in any other manner, or (e) has taken any other action, that (as to any of (a) through (e) above) would constitute a distribution of the Certificates under the Securities Act of 1933 (the “Act”), that would render the disposition of any Certificate a violation of Section 5 of the Act or any state securities law, or that would require registration or qualification pursuant thereto. The Seller will not act in any manner set forth in the foregoing sentence with respect to any Certificate. The Seller has not and will not sell or otherwise transfer any of the Certificates, except in compliance with the provisions of the Pooling and Servicing Agreement.
G-2-1
Very truly yours, _____________________ (Seller) | |
By: _____________________ Name: ___________________ Title: _____________________ |
G-2-2
EXHIBIT G-3
FORM OF RULE 144A INVESTMENT REPRESENTATION
Description of Rule 144A Securities, including numbers:
Impac Secured Assets Corp.
Mortgage Pass-Through Certificates
Series 2007-3, Class ____, No. ____
The undersigned seller, as registered holder (the “Transferor”), intends to transfer the Rule 144A Securities described above to the undersigned buyer (the “Buyer”).
1. In connection with such transfer and in accordance with the agreements pursuant to which the Rule 144A Securities were issued, the Transferor hereby certifies the following facts: Neither the Transferor nor anyone acting on its behalf has offered, transferred, pledged, sold or otherwise disposed of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security to, or solicited any offer to buy or accept a transfer, pledge or other disposition of the Rule 144A Securities, or otherwise approached or negotiated with respect to the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security with, any person in any manner, or made any general solicitation by means of general advertising or in any other manner, or taken any other action, which would constitute a distribution of the Rule 144A Securities under the Securities Act of 1933, as amended (the “1933 Act”), or which would render the disposition of the Rule 144A Securities a violation of Section 5 of the 1933 Act or require registration pursuant thereto, and that the Transferor has not offered the Rule 144A Securities to any person other than the Buyer or another “qualified institutional buyer” as defined in Rule 144A under the 1933 Act.
2. The Buyer warrants and represents to, and covenants with, the Transferor, the Trustee, the Master Servicer and the Depositor pursuant to Section 5.02 of the Pooling and Servicing Agreement, dated as of April 1, 2007 (the “Pooling and Servicing Agreement”), among Impac Secured Assets Corp., as depositor (the “Depositor”), Impac Funding Corporation, as master servicer (the “Master Servicer”) and Deutsche Bank National Trust Company, as trustee (the “Trustee”), as follows:
a. The Buyer understands that the Rule 144A Securities have not been registered under the 1933 Act or the securities laws of any state.
b. The Buyer considers itself a substantial, sophisticated institutional investor having such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of investment in the Rule 144A Securities.
G-3-1
c. The Buyer has been furnished with all information regarding the Rule 144A Securities that it has requested from the Transferor, the Trustee or the Master Servicer.
d. Neither the Buyer nor anyone acting on its behalf has offered, transferred, pledged, sold or otherwise disposed of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security to, or solicited any offer to buy or accept a transfer, pledge or other disposition of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security from, or otherwise approached or negotiated with respect to the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security with, any person in any manner, or made any general solicitation by means of general advertising or in any other manner, or taken any other action, that would constitute a distribution of the Rule 144A Securities under the 1933 Act or that would render the disposition of the Rule 144A Securities a violation of Section 5 of the 1933 Act or require registration pursuant thereto, nor will it act, nor has it authorized or will it authorize any person to act, in such manner with respect to the Rule 144A Securities.
e. The Buyer is a “qualified institutional buyer” as that term is defined in Rule 144 under the 1933 Act and has completed either of the forms of certification to that effect attached hereto as Annex 1 or Annex 2. The Buyer is aware that the sale to it is being made in reliance on Rule 144A. The Buyer is acquiring the Rule 144A Securities for its own account or the account of other qualified institutional buyers, understands that such Rule 144 Securities may be resold, pledged or transferred only (i) to a person reasonably believed to be a qualified institutional buyer that purchases for its own account or for the account of a qualified institutional buyer to whom notice is given that the resale, pledge or transfer is being made in reliance on Rule 144A, or (ii) pursuant to another exemption from registration under the 1933 Act.
3. The Buyer warrants and represents to, and covenants with, the Transferor, the Master Servicer and the Depositor that either (1) the Buyer is not an employee benefit plan within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) (“Plan”), or a plan within the meaning of Section 4975(e)(1) of the Internal Revenue Code of 1986 (the “Code”) (also a “Plan”), and the Buyer is not directly or indirectly purchasing the Rule 144A Securities on behalf of, as investment manager of, as named fiduciary of, as trustee of, or with assets of a Plan, or (2) the Buyer has provided the Trustee with the opinion letter required by section 5.02(c) of the Pooling and Servicing Agreement.
4. This document may be executed in one or more counterparts and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original; such counterparts, together, shall constitute one and the same document.
G-3-2
IN WITNESS WHEREOF, each of the parties has executed this document as of the date set forth below.
________________________________ Print Name of Transferor | ________________________________ Print Name of Buyer |
By: ________________________________ Name: Title: | By: ________________________________ Name: Title: |
Taxpayer Identification: No. ________________________________ Date: | Taxpayer Identification: No. ________________________________ Date: |
G-3-3
ANNEX 1 TO EXHIBIT G-3
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For Buyers Other Than Registered Investment Companies]
The undersigned hereby certifies as follows in connection with the Rule 144A Investment Representation to which this Certification is attached:
1. As indicated below, the undersigned is the President, Chief Financial Officer, Senior Vice President or other executive officer of the Buyer.
2. In connection with purchases by the Buyer, the Buyer is a “qualified institutional buyer” as that term is defined in Rule 144A under the Securities Act of 1933 (“Rule 144A”) because (i) the Buyer owned and/or invested on a discretionary basis $____________________1 in securities (except for the excluded securities referred to below) as of the end of the Buyer's most recent fiscal year (such amount being calculated in accordance with Rule 144A) and (ii) the Buyer satisfies the criteria in the category marked below.
____ | Corporation, etc. The Buyer is a corporation (other than a bank, savings and loan association or similar institution), Massachusetts or similar business trust, partnership, or charitable organization described in Section 501(c)(3) of the Internal Revenue Code. |
____ | Bank. The Buyer (a) is a national bank or banking institution organized under the laws of any State, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statement, a copy of which is attached hereto. |
____ | Savings and Loan. The Buyer (a) is a savings and loan association, building and loan association, cooperative bank, homestead association or similar institution, which is supervised and examined by a State or Federal authority having supervision over any such institutions or is a foreign savings and loan association or equivalent institution and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements. |
____ | Broker-dealer. The Buyer is a dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934. |
_____________________
1 Buyer must own and/or invest on a discretionary basis at least $100,000,000 in securities unless Buyer is a dealer, and, in that case, Buyer must own and/or invest on a discretionary basis at least $10,000,000 in securities.
G-3-4
____ | Insurance Company. The Buyer is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a State, territory or the District of Columbia. |
____ | State or Local Plan. The Buyer is a plan established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees. |
____ | ERISA Plan. The Buyer is an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974. |
____ | Investment Adviser. The Buyer is an investment adviser registered under the Investment Advisers Act of 1940. |
____ | SBIC. The Buyer is a Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958. |
____ | Business Development Company. The Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940. |
____ | Trust Fund. The Buyer is a trust fund whose trustee is a bank or trust company and whose participants are exclusively (a) plans established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees, or (b) employee benefit plans within the meaning of Title I of the Employee Retirement Income Security Act of 1974, but is not a trust fund that includes as participants individual retirement accounts or H.R. 10 plans. |
3. The term “securities” as used herein does not include (i) securities of issuers that are affiliated with the Buyer, (ii) securities that are part of an unsold allotment to or subscription by the Buyer, if the Buyer is a dealer, (iii) bank deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps.
4. For purposes of determining the aggregate amount of securities owned and/or invested on a discretionary basis by the Buyer, the Buyer used the cost of such securities to the Buyer and did not include any of the securities referred to in the preceding paragraph. Further, in determining such aggregate amount, the Buyer may have included securities owned by subsidiaries of the Buyer, but only if such subsidiaries are consolidated with the Buyer in its financial statements prepared in accordance with generally accepted accounting principles and if the investments of such subsidiaries are managed under the Buyer's direction. However, such securities were not included if the Buyer is a majority-owned, consolidated subsidiary of another enterprise and the Buyer is not itself a reporting company under the Securities Exchange Act of 1934.
G-3-5
5. The Buyer acknowledges that it is familiar with Rule 144A and understands that the seller to it and other parties related to the Certificates are relying and will continue to rely on the statements made herein because one or more sales to the Buyer may be in reliance on Rule 144A.
___ | ___ | Will the Buyer be purchasing the Rule 144A | |
Yes | No | Securities only for the Buyer's own account? |
6. If the answer to the foregoing question is “no”, the Buyer agrees that, in connection with any purchase of securities sold to the Buyer for the account of a third party (including any separate account) in reliance on Rule 144A, the Buyer will only purchase for the account of a third party that at the time is a “qualified institutional buyer” within the meaning of Rule 144A. In addition, the Buyer agrees that the Buyer will not purchase securities for a third party unless the Buyer has obtained a current representation letter from such third party or taken other appropriate steps contemplated by Rule 144A to conclude that such third party independently meets the definition of “qualified institutional buyer” set forth in Rule 144A.
7. The Buyer will notify each of the parties to which this certification is made of any changes in the information and conclusions herein. Until such notice is given, the Buyer's purchase of Rule 144A Securities will constitute a reaffirmation of this certification as of the date of such purchase.
________________________________ Print Name of Buyer | |
By: ________________________________ Name: Title: Date: ________________________________ |
G-3-6
ANNEX 2 TO EXHIBIT G-3
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For Buyers That Are Registered Investment Companies]
The undersigned hereby certifies as follows in connection with the Rule 144A Investment Representation to which this Certification is attached:
1. As indicated below, the undersigned is the President, Chief Financial Officer or Senior Vice President of the Buyer or, if the Buyer is a “qualified institutional buyer” as that term is defined in Rule 144A under the Securities Act of 1933 (“Rule 144A”) because Buyer is part of a Family of Investment Companies (as defined below), is such an officer of the Adviser.
2. In connection with purchases by Buyer, the Buyer is a “qualified institutional buyer” as defined in SEC Rule 144A because (i) the Buyer is an investment company registered under the Investment Company Act of 1940, and (ii) as marked below, the Buyer alone, or the Buyer's Family of Investment Companies, owned at least $100,000,000 in securities (other than the excluded securities referred to below) as of the end of the Buyer's most recent fiscal year. For purposes of determining the amount of securities owned by the Buyer or the Buyer's Family of Investment Companies, the cost of such securities was used.
____ | The Buyer owned $_______________ in securities (other than the excluded securities referred to below) as of the end of the Buyer's most recent fiscal year (such amount being calculated in accordance with Rule 144A). |
____ | The Buyer is part of a Family of Investment Companies which owned in the aggregate $____________ in securities (other than the excluded securities referred to below) as of the end of the Buyer's most recent fiscal year (such amount being calculated in accordance with Rule 144A). |
3. The term “Family of Investment Companies” as used herein means two or more registered investment companies (or series thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other).
4. The term “securities” as used herein does not include (i) securities of issuers that are affiliated with the Buyer or are part of the Buyer's Family of Investment Companies, (ii) bank deposit notes and certificates of deposit, (iii) loan participations, (iv) repurchase agreements, (v) securities owned but subject to a repurchase agreement and (vi) currency, interest rate and commodity swaps.
5. The Buyer is familiar with Rule 144A and understands that each of the parties to which this certification is made are relying and will continue to rely on the statements made herein because one or more sales to the Buyer will be in reliance on Rule 144A. In addition, the Buyer will only purchase for the Buyer's own account.
G-3-7
6. The undersigned will notify each of the parties to which this certification is made of any changes in the information and conclusions herein. Until such notice, the Buyer's purchase of Rule 144A Securities will constitute a reaffirmation of this certification by the undersigned as of the date of such purchase.
________________________________ Print Name of Buyer | |
By: ________________________________ Name: Title: | |
IF AN ADVISER: | |
________________________________ Print Name of Buyer | |
Date: ________________________________ |
G-3-8
EXHIBIT G-4
FORM OF TRANSFEROR CERTIFICATE
______________, 200__
Impac Secured Assets Corp.
19500 Jamboree Road
Irvine, California 92612
DB Services Tennessee
648 Grassmere Park Rd.
Nashville, TN 37211
Attn: Transfer Unit
Re: | Impac Secured Assets Corp. |
Mortgage Pass-Through Certificates Series 2007-3, Class R Certificates
Ladies and Gentlemen:
This letter is delivered to you in connection with the sale by ____________ (the “Seller”) to _______________ (the “Purchaser”) of a ____% Percentage Interest in the Mortgage Pass-Through Certificates, Series 2007-3, Class R Certificates (the “Certificates”), issued pursuant to Section 5.02 of the Pooling and Servicing Agreement, dated as of April 1, 2007 (the “Pooling and Servicing Agreement”), among Impac Secured Assets Corp., as depositor (the “Company”), Impac Funding Corporation, as master servicer (the “Master Servicer”), and Deutsche Bank National Trust Company, as trustee (the “Trustee”). All terms used herein and not otherwise defined shall have the meaning set forth in the Pooling and Servicing Agreement. The Seller hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:
1. No purpose of the Seller relating to the sale of the Certificates by the Seller to the Purchaser is or will be to impede the assessment or collection of any tax.
2. The Seller understands that the Purchaser has delivered to the Trustee and the Company a transfer affidavit and agreement in the form attached to the Pooling and Servicing Agreement as Exhibit G-5. The Seller does not know or believe that any representation contained therein is false.
3. The Seller has at the time of the transfer conducted a reasonable investigation of the financial condition of the Purchaser as contemplated by Treasury Regulations Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Seller has determined that the Purchaser has historically paid its debts as they have become due and has found no significant evidence to indicate that the Purchaser will not continue to pay its debts as they become due in the future. The Seller understands that the transfer of the Certificates may not be respected for United States income tax purposes (and the Seller may continue to be liable for United States income taxes associated therewith) unless the Seller has conducted such an investigation.
G-4-1
4. The Seller has no actual knowledge that the proposed Transferee is not a Permitted Transferee.
Very truly yours, ________________________________ (Seller) | |
By: ________________________________ Name________________________________ Title: ________________________________ |
G-4-2
EXHIBIT G-5
FORM OF TRANSFER AFFIDAVIT AND AGREEMENT
STATE OF | ) |
:ss. | |
COUNTY OF | ) |
___________________, being first duly sworn, deposes, represents and warrants:
1. That he/she is [Title of Officer] of [Name of Owner], a [savings institution] [corporation] duly organized and existing under the laws of [the State of __________] [the United States], (the “Investor”), (record or beneficial owner of the Class R Certificates (the “Certificates”) on behalf of which he/she makes this affidavit and agreement). This Class R Certificates were issued pursuant to the Pooling and Servicing Agreement, dated as of April 1, 2007 (the “Agreement”), among Impac Secured Assets Corp., as depositor (the “Depositor”), Impac Funding Corporation, as master servicer (the “Master Servicer”), and Deutsche Bank National Trust Company, as trustee (the “Trustee”).
1. The Investor is, as of the date hereof, and will be, as of the date of the Transfer, a Permitted Transferee. The Investor is not acquiring its Ownership Interest in the Certificates for the account of a Person other than a Permitted Transferee.
2. The Investor has been advised and understands that (i) a tax will be imposed on Transfers of the Certificates to Persons that are not Permitted Transferees; (ii) such tax will be imposed on the Transferor, or, if such Transfer is through an agent (which includes a broker, nominee or middleman) for a Person that is not a Permitted Transferee, on the agent; and (iii) the Person otherwise liable for the tax shall be relieved of liability for the tax if a subsequent transferee furnishes to such Person an affidavit that such subsequent transferee is a Permitted Transferee, and at the time of Transfer, such Person does not have actual knowledge that the affidavit is false.
3. The Investor has been advised and understands that a tax will be imposed on a “pass-through entity” holding the Certificates if at any time during the taxable year of the pass-through entity a Person that is not a Permitted Transferee is the record holder of an interest in such entity. The Investor understands that such tax will not be imposed for any period with respect to which the record holder furnishes to the pass-through entity an affidavit that such record holder is a Permitted Transferee and the pass-through entity does not have actual knowledge that such affidavit is false. (For this purpose, a “pass-through entity” includes a regulated investment company, a real estate investment trust or common trust fund, a partnership, trust or estate, and certain cooperatives and, except as may be provided in Treasury regulations, Persons holding interests in pass-through entities as a nominee for another Person.)
4. The Investor has reviewed the provisions of Section 5.02(e) of the Agreement and understands the legal consequences of the acquisition of an Ownership Interest in the Certificates, including, without limitation, the restrictions on subsequent Transfers and the provisions regarding voiding any prohibited Transfers and mandatory sales. The Investor expressly agrees to be bound by, and to abide by, such provisions of the Agreement and the restrictions noted on the face of the Certificates. The Investor understands and agrees that any breach of any of the representations included herein shall render the Transfer of the Certificates to the Investor contemplated hereby null and void. The Investor consents to any amendment of the Agreement that shall be deemed necessary by the Depositor (upon advice of nationally recognized counsel) to constitute a reasonable arrangement to ensure that the Certificate will not be owned directly or indirectly by a Person other than a Permitted Transferee.
G-5-1
5. The Investor agrees not to Transfer the Certificates, or cause the Transfer of the Certificates by a Person for whom the Investor is acting as nominee, trustee or agent, in each case unless (i) it has received an affidavit in substantially the same form as this affidavit containing these same representations and covenants from the subsequent transferee. In connection with any such Transfer by the Investor, the Investor agrees to deliver to the Trustee a certificate substantially in the form set forth as Exhibit G-4 to the Agreement to the effect that the Investor has no actual knowledge that the Person to which the Transfer is to be made is not a Permitted Transferee.
6. The Investor has historically paid its debts as they have come due, intends to pay its debts as they come due in the future, and understands that the taxes associated with holder an Ownership Interest in the Certificates may exceed the cash flow with respect thereto in some or all periods and intends to pay such taxes as they become due. The Investor does not have the intention, and no purpose of the Transfer of the Certificates to the Investor is, to impede the assessment or collection of any tax legally required to be paid with respect to the Certificates.
7. The Investor’s U.S. taxpayer identification number is [_____________].
8. The Investor is a United States Person.
9. The Investor is aware that the Certificates may be a “noneconomic residual interest” within the meaning of Treasury regulations promulgated under Section 860E of the Code and that the transferor of a noneconomic residual interest will remain liable for any taxes due with respect to the income on such residual interest, unless no significant purpose of the transfer was to impede the assessment or collection of tax.
10. The Investor will not cause income from the Certificates to be attributable to a foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty, of the Investor or any other United States Person.
11. Check one of the following:
o The Transfer of the Certificates complies with U.S. Treasury Regulation Sections 1.860E-1(c)(7) and (8) and, accordingly:
(i) the present value of the anticipated tax liabilities associated with holding the Certificates does not exceed the sum of:
G-5-2
(a) | the present value of any consideration given to the Investor to acquire such Certificates; |
(b) | the present value of the expected future distributions on such Certificates; and |
(c) | the present value of the anticipated tax savings associated with holding such Certificates as the related REMIC generates losses; and |
(ii) the Transfer of the Certificates will not result in such Certificates being held, directly or indirectly, by a foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty, of the Investor or any other United States Person.
For purposes of the calculation in clause (i) above, (x) the Investor is assumed to pay tax at the highest rate currently specified in Section 11(b)(1) of the Code (but the tax rate in Section 55(b)(1)(B) of the Code may be used in lieu of the highest rate specified in Section 11(b)(1) of the Code if the Investor has been subject to the alternative minimum tax under Section 55 of the Code in the preceding two years and will compute its taxable income in the current taxable year using the alternative minimum tax rate) and (y) present values are computed using a discount rate equal to the short-term Federal rate prescribed by Section 1274(d) of the Code for the month of the transfer and the compounding period used by the Investor.
o The Transfer of the Certificates complies with U.S. Treasury Regulation Sections 1.860E-1(c)(5) and (6) and, accordingly:
(i) | the Investor is an “eligible corporation,” as defined in U.S. Treasury Regulation Section 1.860E-1(c)(6)(i), as to which income from the Certificates will only be taxed in the United States; |
(ii) | at the time of the Transfer, and at the close of the Investor’s two fiscal years preceding the fiscal year of the transfer, the Investor had gross assets for financial reporting purposes (excluding any obligation of a “related person” to the Investor within the meaning of U.S. Treasury Regulation Section 1.860E-1(c)(6)(ii) and any other asset the principal purpose of which is to permit the Investor to satisfy the condition of this clause (ii)) in excess of $100 million and net assets in excess of $10 million; |
(iii) | the Investor will transfer the Certificates only to another “eligible corporation,” as defined in U.S. Treasury Regulation Section 1.860E-1(c)(6)(i), in a transaction in which the requirements of U.S. Treasury Regulation Sections 1.860E-1(c)(4)(i), (ii) and (iii) and -1(c)(5) are satisfied and, accordingly, the subsequent transferee provides a similar affidavit with this box checked; and |
(iv) | the Investor determined the consideration paid to it to acquire the Certificates based on reasonable market assumptions (including, but not limited to, borrowing and investment rates, prepayment and loss assumptions, expense and reinvestment assumptions, tax rates and other factors specific to the Investor) that it has determined in good faith and has concluded that such consideration, together with other assets of the Investor, will be sufficient to cover the taxes associated with the Certificates. |
G-5-3
o None of the above.
11. (a) The Certificates (i) are not being acquired by, and will not be transferred to, any employee benefit plan within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or other retirement arrangement, including individual retirement accounts and annuities, Keogh plans and bank collective investment funds and insurance company general or separate accounts in which such plans, accounts or arrangements are invested, that is subject to ERISA or Section 4975 of the Code (any of the foregoing, a “Plan”), (ii) are not being acquired with “plan assets” of a Plan within the meaning of the Department of Labor (“DOL”) regulation, 29 C.F.R. § 2510.3-101 or otherwise under ERISA, and (iii) will not be transferred to any entity that is deemed to be investing in plan assets within the meaning of the DOL regulation, 29 C.F.R. § 2510.3-101 or otherwise under ERISA; or
(b) The Investor will provide the Trustee with an opinion of counsel, as specified in Section 5.02(c) of the Agreement, acceptable to and in form and substance satisfactory to the Trustee to the effect that the purchase of Certificates is permissible under applicable law, will not constitute or result in any non-exempt prohibited transaction under ERISA or Section 4975 of the Code and will not subject the Trustee, the Depositor or the Master Servicer to any obligation or liability (including obligations or liabilities under ERISA or Section 4975 of the Code) in addition to those undertaken in the Agreement.
In addition, the Investor hereby certifies, represents and warrants to, and covenants with, the Depositor, the Trustee and the Master Servicer that the Investor will not transfer such Certificates to any Plan or person unless either such Plan or person meets the requirements set forth in either (a) or (b) above.
G-5-4
IN WITNESS WHEREOF, the Investor has caused this instrument to be executed on its behalf, by its [Title of Officer] and its corporate seal to be hereunto attached, attested by its [Assistant] Secretary, this ______ day of _____________, _____.
________________________________ [NAME OF INVESTOR] By: ________________________________ [Name of Officer] [Title of Officer] | |
[Corporate Seal] ATTEST: ________________________________ [Assistant] Secretary |
G-5-5
FORM OF TRANSFEROR AFFIDAVIT
STATE OF NEW YORK | ) | |
) | ss.: | |
COUNTY OF NEW YORK | ) |
The undersigned is the [Title of Officer] of [Name of Transferor] (the “Owner”), the proposed transferor of an Ownership Interest in the Impac Secured Assets Corp., Mortgage pass-through Certificates, Series 2007-3, Class R Certificate (the “Certificate”) issued pursuant to the Pooling and Servicing Agreement (the “Agreement”) relating to the Certificate, dated as of [ ], 2007, among [ ], as depositor (the “Depositor”), [ ], as master servicer (“the Master Servicer”) and [ ], as trustee (the “Trustee”), and makes this affidavit on behalf of the Owner for the benefit of the Depositor and the Trustee. Capitalized terms used, but not defined herein, shall have the meanings ascribed to such terms in the Agreement.
1. The Owner is not transferring the Certificate to impede the assessment or collection of any tax.
2. The Owner has no actual knowledge that the proposed Transferee of the Certificate: (i) has insufficient assets to pay any taxes that would be owed by such Transferee as Holder of the Certificate; (ii) may become insolvent or subject to a bankruptcy proceeding for so long as the Certificate remains outstanding; and (iii) is not a Permitted Transferee.
3. The Owner understands that the proposed Transferee has delivered to the Trustee a transfer affidavit and agreement in the form attached to the Pooling and Servicing Agreement as Exhibit F-2. The Owner does not know or believe that any representation contained therein is false.
4. At the time of transfer, the Owner has conducted a reasonable investigation of the financial condition of the proposed Transferee as contemplated by Treasury Regulation Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Owner has determined that the proposed Transferee has historically paid its debts as they became due and has found no significant evidence to indicate that the proposed Transferee will not continue to pay its debts as they become due in the future. The Owner understands that the transfer of the Certificate may not be respected for U.S. federal income tax purposes (and the Owner may continue to be liable for U.S. federal income taxes associated therewith) unless the Owner has conducted such an investigation.
G-5-6
IN WITNESS WHEREOF, the Investor has caused this instrument to be executed on its behalf, pursuant to authority of its Board of Directors, by its [Title of Officer] this ____ day of _________, 20__.
[NAME OF OWNER] | ||||||||||||
By: | ||||||||||||
Name: | [Name of Officer] | |||||||||||
Title: | [Title of Officer] |
Personally appeared before me the above-named [Name of Officer], known or proved to me to be the same person who executed the foregoing instrument and to be the [Title of Officer] of the Owner, and acknowledged to me that he/she executed the same as his/her free act and deed and the free act and deed of the Owner.
Subscribed and sworn before me this ___ day of _________, 20___.
NOTARY PUBLIC
COUNTY OF
STATE OF
My commission expires the ___ day of ___________________, 20___.
G-5-7
EXHIBIT H
MORTGAGE LOAN SCHEDULE
LOAN_ID CITY1 ZIP_CODE STATE FIRST_PAY_DATE MATURITY_DATE AM_TYPE BALLOON STATED_ORIGINAL_TERM AMORT_TERM1 STATED_REM_TERM ORIGINAL_BALANCE CURRENT_BALANCE LIEN SR_LIEN_BALANCE TOTAL_BAL JR_LIEN_BALANCE SALES_PRICE APPRAISAL LOAN_TO_VALUE COMBO_LTV MI MTG_INS MI_PCT CURRENT_GROSS_COUPON SERV_FEE MSERV LPMI TOTAL_STRIP 1103143549 SAN DIMAS 91733 CA 20070501 20370401 ARMS No 360 360 360 280,000.00 280,000.00 First Lien 0 280,000.00 0.00 - 400,000.00 70.00 70.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103445953 SHORT HILLS 07078 NJ 20070501 20370401 ARMS No 360 360 360 800,000.00 800,000.00 First Lien 0 1,000,000.00 200,000.00 - 1,000,000.00 80.00 100.00 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103541312 IRVINE 92620 CA 20070501 20370401 ARMS No 360 360 360 213,500.00 213,500.00 First Lien 0 213,500.00 0.00 - 305,000.00 70.00 70.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103581621 LA PUENTE 91744 CA 20070501 20370401 ARMS No 360 360 360 392,000.00 392,000.00 First Lien 0 416,500.00 24,500.00 490000 495000 80.00 85.00 No MI NO MI 0 6.0000 0.3750 0.0325 0.0000 0.4075 1103605926 LAKE WALES 33898 FL 20070101 20220401 FIXED Yes 180 360 176 32,000.00 31,974.17 Second Lien 120000 152,000.00 0.00 160000 164000 95.00 95.00 No MI NO MI 0 13.6250 0.5000 0.0325 0.0000 0.5325 1103611487 PEYTON 80831 CO 20061101 20211201 FIXED Yes 180 360 174 47,671.00 47,601.92 Second Lien 178766 226,437.00 0.00 238355 239000 95.00 95.00 No MI NO MI 0 12.8750 0.5000 0.0325 0.0000 0.5325 1103611552 TUSTIN 92782 CA 20070401 20370301 ARMS No 360 360 359 462,900.00 462,900.00 First Lien 0 520,700.00 57,800.00 578655 579000 80.00 89.99 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103612837 GREENSBORO 27406 NC 20070501 20370401 ARMS No 360 360 360 227,500.00 227,500.00 First Lien 0 227,500.00 0.00 252814 253000 89.99 89.99 PMI BPMI 25 6.8750 0.3750 0.0325 0.0000 0.4075 1103612902 SIMPSONVILLE 29680 SC 20070101 20361201 ARMS No 360 360 356 146,800.00 146,440.48 First Lien 0 174,325.00 27,525.00 186000 186000 78.93 93.73 No MI NO MI 0 8.5000 0.3750 0.0325 0.0000 0.4075 1103613763 CLEMMONS 27012 NC 20070401 20370301 ARMS No 360 360 359 228,200.00 228,200.00 First Lien 0 228,200.00 0.00 240217 245000 95.00 95.00 PMI BPMI 30 7.0000 0.3750 0.0325 0.0000 0.4075 1103615320 WESTMINSTER 92683 CA 20061001 20220401 FIXED Yes 180 360 173 118,000.00 117,780.60 Second Lien 472000 590,000.00 0.00 590000 600000 100.00 100.00 No MI NO MI 0 11.7500 0.5000 0.0325 0.0000 0.5325 1103618814 LA PUENTE 91744 CA 20061201 20361101 FIXED No 360 360 355 50,200.00 50,130.70 Second Lien 400000 450,200.00 0.00 - 502,000.00 89.69 89.69 No MI NO MI 0 12.250 0.500 0.0325 0.000 0.5325 1103620173 LEHIGH ACRES 33972 FL 20061201 20220401 FIXED Yes 180 360 175 51,050.00 50,975.48 Second Lien 191550 242,600.00 0.00 255400 256000 94.99 94.99 No MI NO MI 0 12.0000 0.5000 0.0325 0.0000 0.5325 1103624061 CASTAIC 91384 CA 20061201 20211101 FIXED Yes 180 360 175 53,250.00 53,176.45 Second Lien 284000 337,250.00 0.00 355000 355000 95.00 95.00 No MI NO MI 0 12.2500 0.5000 0.0325 0.0000 0.5325 1103624733 ZIMMERMAN 55398 MN 20061201 20211101 FIXED Yes 180 360 175 65,625.00 65,567.23 Second Lien 183750 249,375.00 0.00 262500 270000 95.00 95.00 No MI NO MI 0 14.2500 0.5000 0.0325 0.0000 0.5325 1103626197 BALTIMORE 21218 MD 20061201 20211101 FIXED Yes 180 360 175 33,000.00 32,944.73 Second Lien 169400 202,400.00 0.00 - 242,000.00 83.64 83.64 No MI NO MI 0 11.375 0.500 0.0325 0.000 0.5325 1103627011 ORANGE 07050 NJ 20070101 20261201 FIXED No 240 240 236 75,000.00 74,717.88 Second Lien 210000 285,000.00 0.00 300000 300000 95.00 95.00 No MI NO MI 0 12.6500 0.5000 0.0325 0.0000 0.5325 1103632043 DORAL 33166 FL 20070201 20220401 FIXED Yes 180 360 177 66,475.00 66,422.53 Second Lien 186130 252,605.00 0.00 265900 266000 95.00 95.00 No MI NO MI 0 12.4250 0.5000 0.0325 0.0000 0.5325 1103632215 FREDERICKSBURG 22407 VA 20061201 20361101 FIXED No 360 360 355 74,400.00 74,256.44 Second Lien 173600 248,000.00 0.00 248000 300000 100.00 100.00 No MI NO MI 0 12.3750 0.5000 0.0325 0.0000 0.5325 1103632233 SALT LAKE CITY 84106 UT 20070101 20220401 FIXED Yes 180 360 176 30,750.00 30,711.20 Second Lien 153750 184,500.00 0.00 - 205,000.00 90.00 90.00 No MI NO MI 0 11.625 0.500 0.0325 0.000 0.5325 1103632320 ROCKFORD 61107 IL 20070101 20211201 FIXED Yes 180 360 176 37,000.00 36,972.08 Second Lien 103600 140,600.00 0.00 - 148,000.00 95.00 95.00 No MI NO MI 0 13.925 0.500 0.0325 0.000 0.5325 1103632732 RAWLINS 82301 WY 20070401 20370301 ARMS No 360 360 359 100,600.00 100,474.51 First Lien 0 120,650.00 20,050.00 - 138,000.00 72.90 87.43 No MI NO MI 0 8.375 0.375 0.0325 0.000 0.4075 1103632897 CORONA 92882 CA 20070401 20370301 ARMS No 360 360 359 315,000.00 315,000.00 First Lien 0 315,000.00 0.00 - 420,000.00 75.00 75.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103633116 DAVENPORT 33837 FL 20070201 20220401 FIXED Yes 180 360 177 40,000.00 39,971.46 Second Lien 150000 190,000.00 0.00 200000 200000 95.00 95.00 No MI NO MI 0 12.8750 0.5000 0.0325 0.0000 0.5325 1103633980 BALTIMORE 21206 MD 20070101 20220101 FIXED Yes 180 360 176 36,975.00 36,944.82 Second Lien 103530 140,505.00 0.00 147900 147900 95.00 95.00 No MI NO MI 0 13.5750 0.5000 0.0325 0.0000 0.5325 1103634228 COLORADO SPRINGS 80916 CO 20070101 20211201 FIXED Yes 180 360 176 41,862.00 41,828.02 Second Lien 117215 159,077.00 0.00 167450 171000 95.00 95.00 No MI NO MI 0 13.6000 0.5000 0.0325 0.0000 0.5325 1103634326 PASSAIC 07055 NJ 20070201 20220101 FIXED No 180 180 177 43,350.00 43,140.56 Second Lien 231200 274,550.00 0.00 289000 300000 95.00 95.00 No MI NO MI 0 14.3750 0.5000 0.0325 0.0000 0.5325 1103634352 ANAHEIM 92804 CA 20070101 20211201 FIXED No 180 180 176 127,000.00 127,000.00 Second Lien 508000 635,000.00 0.00 - 635,000.00 100.00 100.00 No MI NO MI 0 11.550 0.500 0.0325 0.000 0.5325 1103635040 WEST HARRISON 10604 NY 20061201 20211201 FIXED Yes 180 360 175 106,600.00 106,047.43 Second Lien 569050 675,650.00 0.00 711341 713500 94.99 94.99 No MI NO MI 0 12.3750 0.5000 0.0325 0.0000 0.5325 1103635229 NORWALK 90650 CA 20061201 20211101 FIXED Yes 180 360 175 109,600.00 108,913.54 Second Lien 438400 548,000.00 0.00 548000 550000 100.00 100.00 No MI NO MI 0 9.2500 0.5000 0.0325 0.0000 0.5325 1103635362 BALTIMORE 21215 MD 20070101 20211101 FIXED Yes 180 360 176 26,000.00 25,973.26 Second Lien 97500 123,500.00 0.00 130000 130000 95.00 95.00 No MI NO MI 0 12.5500 0.5000 0.0325 0.0000 0.5325 1103635710 DENVER 80221 CO 20070201 20211201 FIXED Yes 180 360 177 64,000.00 63,963.61 Second Lien 240000 304,000.00 0.00 - 320,000.00 95.00 95.00 No MI NO MI 0 13.875 0.500 0.0325 0.000 0.5325 1103636278 EVANS 80620 CO 20070301 20220101 FIXED Yes 180 360 178 33,800.00 33,787.03 Second Lien 126750 160,550.00 0.00 169000 169000 95.00 95.00 No MI NO MI 0 13.8000 0.5000 0.0325 0.0000 0.5325 1103636476 HASTINGS 55033 MN 20070201 20220201 FIXED Yes 180 360 177 100,050.00 99,976.59 Second Lien 195650 295,700.00 0.00 311300 317000 94.99 94.99 No MI NO MI 0 12.7500 0.5000 0.0325 0.0000 0.5325 1103637015 LAS VEGAS 89107 NV 20070201 20220101 FIXED Yes 180 360 177 45,000.00 44,972.98 Second Lien 168750 213,750.00 0.00 225000 225000 95.00 95.00 No MI NO MI 0 13.7500 0.5000 0.0325 0.0000 0.5325 1103637096 PEWAUKEE 53072 WI 20070401 20370301 ARMS No 360 360 359 368,000.00 368,000.00 First Lien 0 460,000.00 92,000.00 - 460,000.00 80.00 100.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103638302 LOS ANGELES 90037 CA 20070201 20220401 FIXED Yes 180 360 177 65,000.00 64,963.85 Second Lien 182000 247,000.00 0.00 260000 415000 95.00 95.00 No MI NO MI 0 13.9750 0.5000 0.0325 0.0000 0.5325 1103638697 AURORA 80013 CO 20070201 20220101 FIXED Yes 180 360 177 51,750.00 51,723.74 Second Lien 144900 196,650.00 0.00 207000 207000 95.00 95.00 No MI NO MI 0 14.3750 0.5000 0.0325 0.0000 0.5325 1103638853 BLUE SPRINGS 64015 MO 20070101 20220101 FIXED Yes 180 360 176 40,000.00 39,948.11 Second Lien 112000 152,000.00 0.00 160000 160000 95.00 95.00 No MI NO MI 0 11.5000 0.5000 0.0325 0.0000 0.5325 1103638909 DENVER 80221 CO 20070201 20211201 FIXED Yes 180 360 177 26,250.00 26,250.00 Second Lien 73500 99,750.00 0.00 105000 122000 95.00 95.00 No MI NO MI 0 13.6250 0.5000 0.0325 0.0000 0.5325 1103638943 LAS VEGAS 89123 NV 20070301 20220101 FIXED Yes 180 360 178 106,168.00 106,121.87 Second Lien 297270 403,438.00 0.00 424672 480000 95.00 95.00 No MI NO MI 0 13.2500 0.5000 0.0325 0.0000 0.5325 1103638971 GARDEN GROVE 92843 CA 20070201 20370101 ARMS No 360 360 357 420,000.00 419,140.29 First Lien 0 420,000.00 0.00 - 550,000.00 76.37 76.37 No MI NO MI 0 7.950 0.375 0.0325 0.000 0.4075 1103639013 DANA POINT 92629 CA 20070201 20220401 FIXED Yes 180 360 177 141,800.00 141,695.40 Second Lien 496300 638,100.00 0.00 - 709,000.00 90.00 90.00 No MI NO MI 0 12.725 0.500 0.0325 0.000 0.5325 1103639110 ALTAMONTE SPRINGS 32714 FL 20070201 20370101 ARMS No 360 360 357 123,000.00 123,000.00 First Lien 0 153,900.00 30,900.00 153900 157000 79.93 100.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 1103639385 LONG BEACH 90813 CA 20070201 20220401 FIXED Yes 180 360 177 86,000.00 85,923.35 Second Lien 344000 430,000.00 0.00 - 430,000.00 100.00 100.00 No MI NO MI 0 11.875 0.500 0.0325 0.000 0.5325 1103639597 ABERDEEN 21001 MD 20070101 20220101 FIXED Yes 180 360 176 25,500.00 25,467.82 Second Lien 191900 217,400.00 0.00 - 255,900.00 84.96 84.96 No MI NO MI 0 11.625 0.500 0.0325 0.000 0.5325 1103639598 GAITHERSBURG 20879 MD 20070101 20211201 FIXED Yes 180 360 176 59,750.00 59,660.95 Second Lien 202500 262,250.00 0.00 - 275,000.00 95.37 95.37 No MI NO MI 0 12.990 0.500 0.0325 0.000 0.5325 1103639786 SMITHFIELD 23430 VA 20070101 20211201 FIXED Yes 180 360 176 123,750.00 123,617.70 Second Lien 371250 495,000.00 0.00 - 495,000.00 100.00 100.00 No MI NO MI 0 12.375 0.500 0.0325 0.000 0.5325 1103639789 WALDORF 20601 MD 20061201 20211201 FIXED Yes 180 360 175 52,000.00 51,939.10 Second Lien 208000 260,000.00 0.00 260000 300000 100.00 100.00 No MI NO MI 0 12.9900 0.5000 0.0325 0.0000 0.5325 1103639790 DUMFRIES 22026 VA 20061201 20211101 FIXED Yes 180 360 175 63,800.00 63,725.29 Second Lien 255200 319,000.00 0.00 319000 340000 100.00 100.00 No MI NO MI 0 12.9900 0.5000 0.0325 0.0000 0.5325 1103639791 ALEXANDRIA 22310 VA 20061201 20211101 FIXED Yes 180 360 175 88,000.00 87,896.94 Second Lien 352000 440,000.00 0.00 440000 469000 100.00 100.00 No MI NO MI 0 12.9900 0.5000 0.0325 0.0000 0.5325 1103639792 SUFFOLK 23435 VA 20061201 20211101 FIXED Yes 180 360 175 44,000.00 43,923.91 Second Lien 176000 220,000.00 0.00 220000 220000 100.00 100.00 No MI NO MI 0 12.9900 0.5000 0.0325 0.0000 0.5325 1103639793 BALTIMORE 21237 MD 20061201 20211101 FIXED Yes 180 360 175 33,700.00 33,650.09 Second Lien 169500 203,200.00 0.00 - 226,000.00 89.92 89.92 No MI NO MI 0 12.000 0.500 0.0325 0.000 0.5325 1103639848 BROOKLYN CENTER 55430 MN 20070101 20361201 ARMS No 360 360 356 124,124.00 124,116.84 First Lien 0 168,454.00 44,330.00 177320 230000 70.00 95.00 No MI NO MI 0 6.0000 0.3750 0.0325 0.0000 0.4075 1103639907 TAKOMA PARK 20912 MD 20070201 20220401 FIXED Yes 180 360 177 80,000.00 79,933.26 Second Lien 224000 304,000.00 0.00 320000 320000 95.00 95.00 No MI NO MI 0 12.1750 0.5000 0.0325 0.0000 0.5325 1103640641 DALLAS 75201 TX 20070118 20220101 FIXED Yes 180 360 176 115,000.00 114,820.25 Second Lien 322000 437,000.00 0.00 460000 460000 95.00 95.00 No MI NO MI 0 12.9000 0.5000 0.0325 0.0000 0.5325 1103640736 LODI 95242 CA 20070201 20211201 FIXED Yes 180 360 177 108,750.00 108,652.53 Second Lien 304500 413,250.00 0.00 - 435,000.00 95.00 95.00 No MI NO MI 0 11.850 0.500 0.0325 0.000 0.5325 1103640941 COLORADO SPRINGS 80918 CO 20070201 20220101 FIXED Yes 180 360 177 65,000.00 64,966.08 Second Lien 182000 247,000.00 0.00 260000 264000 95.00 95.00 No MI NO MI 0 14.2500 0.5000 0.0325 0.0000 0.5325 1103641203 YORBA LINDA 92886 CA 20070401 20370301 FIXED No 360 360 359 520,000.00 519,518.38 First Lien 0 520,000.00 0.00 - 1,125,000.00 46.23 46.23 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103641208 ALISO VIEJO 92656 CA 20070201 20220401 FIXED Yes 180 360 177 88,000.00 87,894.17 Second Lien 352000 440,000.00 0.00 - 440,000.00 100.00 100.00 No MI NO MI 0 10.500 0.500 0.0325 0.000 0.5325 1103641222 CHULA VISTA 91911 CA 20070201 20220101 FIXED Yes 180 360 177 155,000.00 154,849.13 Second Lien 434000 589,000.00 0.00 - 620,000.00 95.00 95.00 No MI NO MI 0 11.475 0.500 0.0325 0.000 0.5325 1103641481 PERRIS 92571 CA 20070201 20370101 FIXED No 360 360 357 64,000.00 63,938.04 Second Lien 256000 320,000.00 0.00 320000 365000 100.00 100.00 No MI NO MI 0 11.5000 0.5000 0.0325 0.0000 0.5325 1103641496 SAN PEDRO 90731 CA 20070201 20220401 FIXED Yes 180 360 177 110,000.00 109,912.28 Second Lien 650000 760,000.00 0.00 - 980,000.00 77.56 77.56 No MI NO MI 0 12.375 0.500 0.0325 0.000 0.5325 1103641545 OROVILLE 95966 CA 20070201 20220101 FIXED Yes 180 360 177 44,000.00 43,961.62 Second Lien 154000 198,000.00 0.00 - 220,000.00 90.00 90.00 No MI NO MI 0 11.975 0.500 0.0325 0.000 0.5325 1103641549 LAS VEGAS 89148 NV 20070201 20370101 FIXED No 360 360 357 45,750.00 45,750.00 Second Lien 244000 289,750.00 0.00 305000 305000 95.00 95.00 No MI NO MI 0 12.9250 0.5000 0.0325 0.0000 0.5325 1103641582 SAN JOSE 95136 CA 20070401 20370301 ARMS No 360 360 359 549,000.00 549,000.00 First Lien 0 624,100.00 75,100.00 - 732,000.00 75.00 85.26 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103641703 KISSIMMEE 34741 FL 20070301 20220401 FIXED Yes 180 360 178 42,000.00 41,975.91 Second Lien 157500 199,500.00 0.00 210000 230000 95.00 95.00 No MI NO MI 0 12.1250 0.5000 0.0325 0.0000 0.5325 1103642086 CHINO HILLS 91709 CA 20070201 20220201 FIXED Yes 180 360 177 182,500.00 182,369.83 Second Lien 511000 693,500.00 0.00 - 730,000.00 95.00 95.00 No MI NO MI 0 12.875 0.500 0.0325 0.000 0.5325 1103642187 PORT CHARLOTTE 33981 FL 20070201 20220101 FIXED Yes 180 360 177 38,750.00 38,716.94 Second Lien 108500 147,250.00 0.00 - 155,000.00 95.00 95.00 No MI NO MI 0 12.075 0.500 0.0325 0.000 0.5325 1103642251 MORENO VALLEY 92551 CA 20070201 20220101 FIXED Yes 180 360 177 70,000.00 69,999.71 Second Lien 262500 332,500.00 0.00 - 350,000.00 95.00 95.00 No MI NO MI 0 11.875 0.500 0.0325 0.000 0.5325 1103642335 LA QUINTA 92253 CA 20070201 20370101 ARMS No 360 360 357 412,000.00 412,000.00 First Lien 0 412,000.00 0.00 515000 550000 80.00 80.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103642362 VIENNA 22180 VA 20070201 20220401 FIXED Yes 180 360 177 107,000.00 106,915.58 Second Lien 401250 508,250.00 0.00 535000 545000 95.00 95.00 No MI NO MI 0 12.4250 0.5000 0.0325 0.0000 0.5325 1103642496 RANDALLSTOWN 21133 MD 20070201 20220101 ARMS Yes 360 480 357 125,500.00 125,339.86 First Lien 0 125,500.00 0.00 244500 246000 51.33 51.33 No MI NO MI 0 6.6250 0.3750 0.0325 0.0000 0.4075 1103643071 PEMBROKE PINES 33025 FL 20070201 20220401 FIXED Yes 180 360 177 54,000.00 53,958.11 Second Lien 189000 243,000.00 0.00 - 270,000.00 90.00 90.00 No MI NO MI 0 12.500 0.500 0.0325 0.000 0.5325 1103643089 ST PAUL 55449 MN 20070201 20220101 FIXED Yes 180 360 177 37,337.00 37,309.90 Second Lien 104545 141,882.00 0.00 149350 170000 95.00 95.00 No MI NO MI 0 12.8000 0.5000 0.0325 0.0000 0.5325 1103643097 RIVERSIDE 92504 CA 20070301 20370201 ARMS No 360 360 358 269,500.00 269,500.00 First Lien 0 346,500.00 77,000.00 - 385,000.00 70.00 90.00 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103643276 DAVENPORT 33837 FL 20070201 20370101 FIXED No 360 360 357 245,000.00 242,843.96 First Lien 0 245,000.00 0.00 - 350,000.00 70.00 70.00 No MI NO MI 0 7.125 0.250 0.0325 0.000 0.2825 1103643299 LOMITA 90717 CA 20070301 20220401 FIXED Yes 180 360 178 99,000.00 98,943.06 Second Lien 371250 470,250.00 0.00 495000 495000 95.00 95.00 No MI NO MI 0 12.0000 0.5000 0.0325 0.0000 0.5325 1103643731 WESLEY CHAPEL 33543 FL 20070301 20370201 ARMS No 360 360 358 330,000.00 330,000.00 First Lien 0 330,000.00 0.00 530000 550000 62.27 62.27 No MI NO MI 0 5.6250 0.3750 0.0325 0.0000 0.4075 1103643742 LOS ANGELES (PANORAMA CIT 91402 CA 20070301 20370201 ARMS No 360 360 358 335,000.00 335,000.00 First Lien 0 335,000.00 0.00 - 550,000.00 60.91 60.91 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103644291 BAKERSFIELD 93313 CA 20070201 20220401 FIXED Yes 180 360 177 49,900.00 49,854.27 Second Lien 199600 249,500.00 0.00 249555 250000 99.98 99.98 No MI NO MI 0 11.7500 0.5000 0.0325 0.0000 0.5325 1103644308 CHULA VISTA 91913 CA 20070201 20220101 FIXED Yes 180 360 177 78,750.00 78,697.23 Second Lien 220500 299,250.00 0.00 315000 315000 95.00 95.00 No MI NO MI 0 13.1500 0.5000 0.0325 0.0000 0.5325 1103644382 RIO VISTA 94571 CA 20070301 20370201 FIXED No 360 360 358 280,000.00 279,371.09 First Lien 0 365,000.00 85,000.00 - 425,000.00 65.89 85.89 No MI NO MI 0 5.375 0.250 0.0325 0.000 0.2825 1103644392 ARCADIA 91007 CA 20070401 20370301 FIXED No 360 360 359 432,000.00 431,580.12 First Lien 0 452,200.00 20,200.00 - 540,000.00 80.00 83.75 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103644400 BAKERSFIELD 93304 CA 20070301 20220401 FIXED Yes 180 360 178 46,250.00 46,231.43 Second Lien 129500 175,750.00 0.00 185000 193000 95.00 95.00 No MI NO MI 0 13.6000 0.5000 0.0325 0.0000 0.5325 1103644465 KIHEI 96753 HI 20070501 20370401 ARMS No 360 360 360 560,000.00 560,000.00 First Lien 0 560,000.00 0.00 - 750,000.00 74.67 74.67 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103644519 EARLIMART 93219 CA 20070301 20220401 FIXED Yes 180 360 178 20,000.00 20,000.00 Second Lien 83550 103,550.00 0.00 109000 122000 95.00 95.00 No MI NO MI 0 12.5000 0.5000 0.0325 0.0000 0.5325 1103644634 FONTANA 92335 CA 20070401 20370301 FIXED No 360 360 359 232,000.00 231,751.98 First Lien 0 232,000.00 0.00 - 380,000.00 61.06 61.06 No MI NO MI 0 5.625 0.250 0.0325 0.000 0.2825 1103644724 SILVER SPRING 20904 MD 20070401 20220401 FIXED Yes 180 360 179 108,000.00 107,976.66 Second Lien 405000 513,000.00 0.00 - 540,000.00 95.00 95.00 No MI NO MI 0 13.250 0.500 0.0325 0.000 0.5325 1103644816 SAN DIEGO 92127 CA 20070201 20220301 FIXED Yes 180 360 177 57,750.00 57,702.63 Second Lien 308000 365,750.00 0.00 385000 400500 95.00 95.00 No MI NO MI 0 12.2500 0.5000 0.0325 0.0000 0.5325 1103644823 POUGHKEEPSIE 12601 NY 20070301 20220101 FIXED Yes 180 360 178 64,375.00 64,343.50 Second Lien 180250 244,625.00 0.00 257500 260000 95.00 95.00 No MI NO MI 0 12.7250 0.5000 0.0325 0.0000 0.5325 1103644852 ANTELOPE 95843 CA 20070301 20220201 FIXED Yes 180 360 178 72,250.00 72,209.57 Second Lien 202300 274,550.00 0.00 - 289,000.00 95.00 95.00 No MI NO MI 0 12.125 0.500 0.0325 0.000 0.5325 1103644855 CHESAPEAKE 23321 VA 20070401 20370301 FIXED No 360 360 359 480,000.00 480,000.00 First Lien 0 600,000.00 120,000.00 600000 610000 80.00 100.00 No MI NO MI 0 6.7500 0.2500 0.0325 0.0000 0.2825 1103644918 DALY CITY 94015 CA 20070601 20370501 ARMS No 360 360 360 469,000.00 469,000.00 First Lien 0 669,000.00 200,000.00 670000 670000 70.00 99.86 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103644939 MIAMI 33127 FL 20070301 20220401 FIXED Yes 180 360 178 64,000.00 63,952.89 Second Lien 256000 320,000.00 0.00 320000 323000 100.00 100.00 No MI NO MI 0 10.8750 0.5000 0.0325 0.0000 0.5325 1103645004 BELL GARDENS 90201 CA 20070301 20220201 FIXED Yes 180 360 178 112,350.00 112,256.38 Second Lien 599200 711,550.00 0.00 749000 749000 95.00 95.00 No MI NO MI 0 10.3000 0.5000 0.0325 0.0000 0.5325 1103645207 PENSACOLA 32507 FL 20070301 20220201 FIXED Yes 180 360 178 135,800.00 135,728.15 Second Lien 475500 611,300.00 0.00 679319 699000 89.99 89.99 No MI NO MI 0 12.3750 0.5000 0.0325 0.0000 0.5325 1103645261 HOUSTON 77057 TX 20070301 20220201 FIXED No 180 180 178 60,000.00 59,778.94 Second Lien 320000 380,000.00 0.00 400000 635000 95.00 95.00 No MI NO MI 0 12.9250 0.5000 0.0325 0.0000 0.5325 1103645266 ENCINITAS 92024 CA 20070201 20220201 FIXED Yes 180 360 177 115,000.00 114,941.68 Second Lien 431250 546,250.00 0.00 575000 600000 95.00 95.00 No MI NO MI 0 14.3750 0.5000 0.0325 0.0000 0.5325 1103645334 CLINTON TOWNSHIP 48035 MI 20070201 20220101 FIXED Yes 180 360 177 18,800.00 18,789.00 Second Lien 75200 94,000.00 0.00 94000 98000 100.00 100.00 No MI NO MI 0 13.7500 0.5000 0.0325 0.0000 0.5325 1103645336 MONTCLAIR 07042 NJ 20070201 20220101 FIXED No 180 180 177 44,000.00 43,971.76 Second Lien 396000 440,000.00 0.00 495000 500000 88.89 88.89 No MI NO MI 0 13.3750 0.5000 0.0325 0.0000 0.5325 1103645372 RICHMOND 23231 VA 20070201 20220101 FIXED Yes 180 360 177 26,250.00 26,230.74 Second Lien 131250 157,500.00 0.00 175000 178000 90.00 90.00 No MI NO MI 0 12.7500 0.5000 0.0325 0.0000 0.5325 1103645374 NAPLES 34113 FL 20070201 20220101 FIXED Yes 180 360 177 52,500.00 52,463.52 Second Lien 157500 210,000.00 0.00 210000 210000 100.00 100.00 No MI NO MI 0 12.9900 0.5000 0.0325 0.0000 0.5325 1103645375 VIRGINIA BEACH 23464 VA 20070201 20220101 FIXED Yes 180 360 177 44,250.00 44,208.28 Second Lien 236000 280,250.00 0.00 - 295,000.00 95.00 95.00 No MI NO MI 0 12.990 0.500 0.0325 0.000 0.5325 1103645525 RIVERSIDE 92504 CA 20070201 20370101 ARMS No 360 360 357 352,000.00 352,000.00 First Lien 0 396,000.00 44,000.00 - 440,000.00 80.00 90.00 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103645552 MIAMI 33161 FL 20070201 20220401 FIXED Yes 180 360 177 81,000.00 80,938.91 Second Lien 432000 513,000.00 0.00 540000 540000 95.00 95.00 No MI NO MI 0 12.6250 0.5000 0.0325 0.0000 0.5325 1103645630 LANCASTER 93536 CA 20070301 20220101 FIXED Yes 180 360 178 92,000.00 91,589.07 Second Lien 345000 437,000.00 0.00 - 460,000.00 95.00 95.00 No MI NO MI 0 10.375 0.500 0.0325 0.000 0.5325 1103645647 SEATTLE 98115 WA 20070301 20220201 FIXED Yes 180 360 178 106,000.00 105,946.96 Second Lien 371000 477,000.00 0.00 530000 534000 90.00 90.00 No MI NO MI 0 12.6250 0.5000 0.0325 0.0000 0.5325 1103645678 ANTIOCH 94531 CA 20070301 20220201 FIXED Yes 180 360 178 47,300.00 47,275.67 Second Lien 236200 283,500.00 0.00 - 315,000.00 90.00 90.00 No MI NO MI 0 12.500 0.500 0.0325 0.000 0.5325 1103645687 POMONA 91767 CA 20070301 20370201 ARMS No 360 360 358 463,900.00 463,900.00 First Lien 0 579,850.00 115,950.00 579900 590000 80.00 100.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103645821 BENICIA 94510 CA 20070301 20220401 FIXED Yes 180 360 178 154,000.00 153,901.09 Second Lien 616000 770,000.00 0.00 - 770,000.00 100.00 100.00 No MI NO MI 0 11.500 0.500 0.0325 0.000 0.5325 1103645844 BAKERSFIELD 93313 CA 20070201 20220201 FIXED Yes 180 360 177 26,300.00 26,278.42 Second Lien 210650 236,950.00 0.00 263320 264000 89.99 89.99 No MI NO MI 0 12.2500 0.5000 0.0325 0.0000 0.5325 1103645898 SPARKS 89431 NV 20070201 20220101 FIXED Yes 180 360 177 23,000.00 22,987.28 Second Lien 184000 207,000.00 0.00 - 230,000.00 90.00 90.00 No MI NO MI 0 14.000 0.500 0.0325 0.000 0.5325 1103645975 CONCORD 94521 CA 20070401 20370301 FIXED No 360 360 359 430,000.00 430,000.00 First Lien 0 430,000.00 0.00 - 820,000.00 52.44 52.44 No MI NO MI 0 5.250 0.250 0.0325 0.000 0.2825 1103646020 SAN MIGUEL 93451 CA 20070201 20220401 FIXED Yes 180 360 177 78,000.00 77,939.49 Second Lien 546000 624,000.00 0.00 - 780,000.00 80.00 80.00 No MI NO MI 0 12.500 0.500 0.0325 0.000 0.5325 1103646029 POMONA 91767 CA 20070301 20370201 ARMS No 360 360 358 241,200.00 241,200.00 First Lien 0 241,200.00 0.00 - 480,000.00 50.25 50.25 No MI NO MI 0 5.375 0.375 0.0325 0.000 0.4075 1103646126 MANASSAS 20111 VA 20070201 20220401 FIXED Yes 180 360 177 112,500.00 112,421.79 Second Lien 337500 450,000.00 0.00 - 470,000.00 95.75 95.75 No MI NO MI 0 12.990 0.500 0.0325 0.000 0.5325 1103646143 TULSA 74135 OK 20070301 20220101 FIXED Yes 180 360 178 29,700.00 29,683.70 Second Lien 111375 141,075.00 0.00 - 148,500.00 95.00 95.00 No MI NO MI 0 12.425 0.500 0.0325 0.000 0.5325 1103646254 KAILUA KONA 96740 HI 20070301 20220201 FIXED Yes 180 360 178 53,200.00 53,172.63 Second Lien 199500 252,700.00 0.00 266000 266000 95.00 95.00 No MI NO MI 0 12.5000 0.5000 0.0325 0.0000 0.5325 1103646277 LOS ANGELES 90037 CA 20070501 20370401 ARMS No 360 360 360 432,000.00 432,000.00 First Lien 0 540,000.00 108,000.00 540000 595000 80.00 100.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103646283 GULF SHORES 36542 AL 20070201 20220401 FIXED Yes 180 360 177 197,500.00 197,500.00 Second Lien 553000 750,500.00 0.00 790000 815000 95.00 95.00 No MI NO MI 0 13.5000 0.5000 0.0325 0.0000 0.5325 1103646302 WATSONVILLE 95076 CA 20070301 20370201 FIXED No 360 360 358 626,000.00 624,837.31 First Lien 0 626,000.00 0.00 - 2,300,000.00 27.22 27.22 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103646348 BAKERSFIELD 93313 CA 20070201 20220401 FIXED Yes 180 360 177 26,050.00 26,028.63 Second Lien 208750 234,800.00 0.00 260995 261000 89.97 89.97 No MI NO MI 0 12.2500 0.5000 0.0325 0.0000 0.5325 1103646463 QUINCY 95971 CA 20070301 20220101 FIXED Yes 180 360 178 34,000.00 33,976.93 Second Lien 136000 170,000.00 0.00 170000 175000 100.00 100.00 No MI NO MI 0 11.2500 0.5000 0.0325 0.0000 0.5325 1103646487 CORONA 92880 CA 20070501 20370401 ARMS No 360 360 360 560,000.00 560,000.00 First Lien 0 560,000.00 0.00 - 700,000.00 80.00 80.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103646493 RICHMOND 23222 VA 20070501 20370401 ARMS Yes 360 480 360 161,100.00 161,100.00 First Lien 0 161,100.00 0.00 179000 180000 90.00 90.00 PMI LPMI 25 11.7500 0.3750 0.0325 1.4600 1.8675 1103646521 PANAMA CITY 32413 FL 20060501 20220401 FIXED Yes 180 360 168 51,900.00 50,880.27 Second Lien 415200 467,100.00 0.00 519000 790000 90.00 90.00 No MI NO MI 0 13.8750 0.5000 0.0325 0.0000 0.5325 1103646623 HOMESTEAD 33035 FL 20070301 20210401 FIXED Yes 180 360 178 22,000.00 21,991.47 Second Lien 175950 197,950.00 0.00 219990 220000 89.99 89.99 No MI NO MI 0 13.7500 0.5000 0.0325 0.0000 0.5325 1103646782 TUSTIN 92782 CA 20070401 20370301 ARMS No 360 360 359 824,800.00 824,800.00 First Lien 0 927,900.00 103,100.00 - 1,031,000.00 80.00 90.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103646816 FRESNO 93701 CA 20070301 20220401 FIXED Yes 180 360 178 49,500.00 49,477.88 Second Lien 138600 188,100.00 0.00 - 198,000.00 95.00 95.00 No MI NO MI 0 13.125 0.500 0.0325 0.000 0.5325 1103646838 KERNERSVILLE 27284 NC 20070301 20370201 ARMS No 360 360 358 72,460.00 72,376.30 First Lien 0 103,514.00 31,054.00 103515 104000 70.00 100.00 No MI NO MI 0 8.7500 0.3750 0.0325 0.0000 0.4075 1103646976 LEESBURG 20176 VA 20070301 20220401 FIXED Yes 180 360 178 112,950.00 112,904.93 Second Lien 423650 536,600.00 0.00 564900 595000 95.00 95.00 No MI NO MI 0 13.6250 0.5000 0.0325 0.0000 0.5325 1103647092 CHINO 91710 CA 20070501 20370401 ARMS No 360 360 360 454,500.00 454,500.00 First Lien 0 454,500.00 0.00 - 505,000.00 90.00 90.00 PMI LPMI 25 7.950 0.375 0.0325 0.950 1.3575 1103647099 LOS BANOS 93635 CA 20070301 20220401 FIXED Yes 180 360 178 68,000.00 67,964.42 Second Lien 238000 306,000.00 0.00 - 340,000.00 90.00 90.00 No MI NO MI 0 12.425 0.500 0.0325 0.000 0.5325 1103647132 MIAMI 33196 FL 20070301 20220201 FIXED Yes 180 360 178 49,975.00 49,951.35 Second Lien 139930 189,905.00 0.00 199900 203000 95.00 95.00 No MI NO MI 0 12.8750 0.5000 0.0325 0.0000 0.5325 1103647189 ORANGE 92865 CA 20070301 20370201 ARMS No 360 360 358 560,000.00 560,000.00 First Lien 0 700,000.00 140,000.00 - 700,000.00 80.00 100.00 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103647199 SPRING VALLEY 91977 CA 20070301 20370201 ARMS Yes 360 480 358 248,000.00 247,893.33 First Lien 0 310,000.00 62,000.00 310000 315000 80.00 100.00 No MI NO MI 0 8.9900 0.3750 0.0325 0.0000 0.4075 1103647350 POMPANO BEACH 33062 FL 20070401 20370301 ARMS No 360 360 359 1,000,000.00 1,000,000.00 First Lien 0 1,341,000.00 341,000.00 1490000 1490000 67.12 90.00 No MI NO MI 0 8.0000 0.3750 0.0325 0.0000 0.4075 1103647408 ANAHEIM HILLS 92807 CA 20070301 20220401 FIXED Yes 180 360 178 124,000.00 123,901.01 Second Lien 496000 620,000.00 0.00 620000 625000 100.00 100.00 No MI NO MI 0 10.5000 0.5000 0.0325 0.0000 0.5325 1103647440 ANAHEIM 92805 CA 20070401 20370301 ARMS No 360 360 359 345,000.00 345,000.00 First Lien 0 345,000.00 0.00 - 455,000.00 75.83 75.83 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103647484 WEST PALM BEACH 33401 FL 20070301 20220401 FIXED Yes 180 360 178 36,500.00 36,482.43 Second Lien 102200 138,700.00 0.00 146000 154000 95.00 95.00 No MI NO MI 0 12.8000 0.5000 0.0325 0.0000 0.5325 1103647491 POMPANO BEACH 33062 FL 20070401 20220201 FIXED Yes 180 360 179 341,000.00 340,919.80 Second Lien 1000000 1,341,000.00 0.00 1490000 1490000 90.00 90.00 No MI NO MI 0 12.8750 0.5000 0.0325 0.0000 0.5325 1103647553 ELIZABETH 07201 NJ 20070301 20220301 FIXED Yes 180 360 178 29,500.00 29,483.86 Second Lien 472000 501,500.00 0.00 - 590,000.00 85.00 85.00 No MI NO MI 0 12.225 0.500 0.0325 0.000 0.5325 1103647673 LAKE ARROWHEAD 92352 CA 20070301 20220201 ARMS Yes 360 480 358 467,500.00 467,339.85 First Lien 0 467,500.00 0.00 - 550,000.00 85.00 85.00 PMI LPMI 22 9.750 0.375 0.0325 1.400 1.8075 1103647703 HESPERIA 92345 CA 20070501 20370401 FIXED No 360 360 360 272,000.00 272,000.00 First Lien 0 272,000.00 0.00 - 380,000.00 71.58 71.58 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103647745 CARSON 90745 CA 20070301 20370401 ARMS Yes 360 480 358 422,500.00 422,280.55 First Lien 0 422,500.00 0.00 - 530,000.00 79.72 79.72 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103648022 LA CANADA FLINTRIDGE 91011 CA 20070501 20370401 ARMS No 360 360 360 877,232.00 877,232.00 First Lien 0 927,232.00 50,000.00 - 1,350,000.00 64.99 68.69 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 1103648053 MESA 85202 AZ 20070301 20220401 FIXED Yes 180 360 178 46,000.00 45,975.65 Second Lien 161000 207,000.00 0.00 230000 235000 90.00 90.00 No MI NO MI 0 12.3750 0.5000 0.0325 0.0000 0.5325 1103648126 CABAZON AREA 92230 CA 20070301 20370201 ARMS No 360 360 358 172,720.00 172,720.00 First Lien 0 215,900.00 43,180.00 215900 218000 80.00 100.00 No MI NO MI 0 5.7500 0.3750 0.0325 0.0000 0.4075 1103648158 RALEIGH 27603 NC 20070301 20370201 ARMS Yes 360 480 358 156,000.00 155,950.22 First Lien 0 156,000.00 0.00 - 195,000.00 80.00 80.00 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 1103648203 HOMEWOOD 96141 CA 20070301 20370201 FIXED No 360 360 358 616,000.00 614,679.83 First Lien 0 616,000.00 0.00 880000 917100 70.00 70.00 No MI NO MI 0 5.6250 0.2500 0.0325 0.0000 0.2825 1103648241 ANAHEIM 92804 CA 20070301 20220401 FIXED Yes 180 360 178 90,000.00 89,958.62 Second Lien 450000 540,000.00 0.00 - 600,000.00 90.00 90.00 No MI NO MI 0 13.000 0.500 0.0325 0.000 0.5325 1103648294 CHICO 95928 CA 20070301 20220201 FIXED Yes 180 360 178 31,500.00 31,480.86 Second Lien 252000 283,500.00 0.00 315000 315000 90.00 90.00 No MI NO MI 0 11.7500 0.5000 0.0325 0.0000 0.5325 1103648355 NEW HOPE 55428 MN 20070301 20220201 FIXED Yes 180 360 178 62,750.00 62,729.17 Second Lien 175700 238,450.00 0.00 - 251,000.00 95.00 95.00 No MI NO MI 0 14.430 0.500 0.0325 0.000 0.5325 1103648365 SAN FRANCISCO 94124 CA 20070401 20370301 ARMS No 360 360 359 504,000.00 504,000.00 First Lien 0 598,500.00 94,500.00 630000 740000 80.00 95.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103648406 GLENDALE 91206 CA 20070301 20370201 FIXED No 360 360 358 591,500.00 590,290.92 First Lien 0 591,500.00 0.00 910000 925000 65.00 65.00 No MI NO MI 0 5.8750 0.2500 0.0325 0.0000 0.2825 1103648432 YUMA 85364 AZ 20070401 20370301 ARMS No 360 360 359 157,500.00 157,433.95 First Lien 0 157,500.00 0.00 - 175,000.00 90.00 90.00 PMI LPMI 25 10.250 0.375 0.0325 1.340 1.7475 1103648450 AUBURN HILLS 48326 MI 20070401 20370301 FIXED No 360 360 359 644,000.00 643,311.52 First Lien 0 644,000.00 0.00 - 1,100,000.00 58.55 58.55 No MI NO MI 0 5.625 0.250 0.0325 0.000 0.2825 1103648573 HONOLULU 96822 HI 20070301 20220401 FIXED Yes 180 360 178 162,300.00 162,201.36 Second Lien 1217250 1,379,550.00 0.00 - 1,623,000.00 85.00 85.00 No MI NO MI 0 11.750 0.500 0.0325 0.000 0.5325 1103648735 PARKLAND 33076 FL 20070401 20370301 ARMS No 360 360 359 652,000.00 652,000.00 First Lien 0 815,000.00 163,000.00 815000 820000 80.00 100.00 No MI NO MI 0 7.9000 0.3750 0.0325 0.0000 0.4075 1103648746 FONTANA 92336 CA 20070301 20370201 ARMS No 360 360 358 389,600.00 389,600.00 First Lien 0 389,600.00 0.00 - 487,000.00 80.00 80.00 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103648767 BIG BEAR LAKE 92315 CA 20070401 20370301 FIXED No 360 360 359 900,000.00 900,000.00 First Lien 0 900,000.00 0.00 - 1,500,000.00 60.00 60.00 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103648834 HUNTINGTON BEACH 92646 CA 20070401 20370301 ARMS No 360 360 359 525,000.00 525,000.00 First Lien 0 525,000.00 0.00 700000 700000 75.00 75.00 No MI NO MI 0 5.7500 0.3750 0.0325 0.0000 0.4075 1103648907 NASHVILLE 37211 TN 20070401 20370301 ARMS No 360 360 359 126,000.00 126,000.00 First Lien 0 159,600.00 33,600.00 - 168,000.00 75.00 95.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103648931 CHINO 91710 CA 20070401 20370301 ARMS No 360 360 359 319,600.00 319,600.00 First Lien 0 399,500.00 79,900.00 399500 400000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103649078 LOS ANGELES 90020 CA 20070301 20370201 ARMS No 360 360 358 273,600.00 273,600.00 First Lien 0 307,800.00 34,200.00 342000 342000 80.00 90.00 No MI NO MI 0 6.1250 0.3750 0.0325 0.0000 0.4075 1103649142 LAVEEN 85339 AZ 20070301 20220401 FIXED Yes 180 360 178 133,750.00 133,679.23 Second Lien 374500 508,250.00 0.00 535000 535000 95.00 95.00 No MI NO MI 0 12.3750 0.5000 0.0325 0.0000 0.5325 1103649164 GLENDORA 91741 CA 20070501 20370401 FIXED No 360 360 360 576,000.00 576,000.00 First Lien 0 576,000.00 0.00 - 750,000.00 76.80 76.80 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103649173 NASHVILLE 37209 TN 20070401 20370301 FIXED No 360 360 359 113,000.00 112,882.02 First Lien 0 113,000.00 0.00 - 163,000.00 69.33 69.33 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 1103649192 CLARKSBURG 20871 MD 20070401 20370301 ARMS No 360 360 359 644,300.00 644,300.00 First Lien 0 644,300.00 0.00 - 820,000.00 78.58 78.58 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103649198 FREMONT 94538 CA 20070401 20370301 FIXED No 360 360 359 414,000.00 413,607.18 First Lien 0 414,000.00 0.00 - 715,000.00 57.91 57.91 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103649226 HENDERSON 89002 NV 20070301 20370201 ARMS No 360 360 358 240,000.00 239,755.31 First Lien 0 270,000.00 30,000.00 300000 300000 80.00 90.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103649241 LOS GATOS 95032 CA 20070501 20370401 FIXED No 360 360 360 606,000.00 606,000.00 First Lien 0 686,000.00 80,000.00 - 1,100,000.00 55.10 62.37 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 1103649244 STOCKTON 95210 CA 20070301 20220401 FIXED Yes 180 360 178 37,500.00 37,479.58 Second Lien 300000 337,500.00 0.00 375000 375000 90.00 90.00 No MI NO MI 0 12.2500 0.5000 0.0325 0.0000 0.5325 1103649274 LAS VEGAS 89119 NV 20070401 20370301 ARMS No 360 360 359 175,550.00 175,550.00 First Lien 0 208,450.00 32,900.00 219440 220000 80.00 95.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103649275 PHOENIX 85035 AZ 20070401 20370301 ARMS No 360 360 359 135,800.00 135,800.00 First Lien 0 135,800.00 0.00 - 230,000.00 59.05 59.05 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103649342 DALY CITY 94014 CA 20070301 20370201 ARMS No 360 360 358 528,000.00 528,000.00 First Lien 0 528,000.00 0.00 - 960,000.00 55.00 55.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103649373 DESERT HOT SPRINGS 92240 CA 20070401 20370301 ARMS No 360 360 359 219,200.00 219,200.00 First Lien 0 274,000.00 54,800.00 274000 274000 80.00 100.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103649380 MENIFEE 92584 CA 20070401 20370301 ARMS No 360 360 359 263,200.00 263,200.00 First Lien 0 338,400.00 75,200.00 376000 384000 70.00 90.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103649478 CARMEL 10512 NY 20070401 20370301 ARMS No 360 360 359 276,000.00 276,000.00 First Lien 0 276,000.00 0.00 - 345,000.00 80.00 80.00 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103649499 WHEAT RIDGE 80033 CO 20070501 20370401 FIXED No 360 360 360 160,000.00 160,000.00 First Lien 0 186,500.00 26,500.00 - 205,000.00 78.05 90.98 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103649521 ELK GROVE 95624 CA 20070501 20370401 ARMS No 360 360 360 285,000.00 285,000.00 First Lien 0 361,000.00 76,000.00 - 380,000.00 75.00 95.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103649550 PHARR 78577 TX 20070501 20370401 ARMS No 360 360 360 211,500.00 211,500.00 First Lien 0 211,500.00 0.00 235000 235000 90.00 90.00 PMI LPMI 25 9.8750 0.3750 0.0325 1.0900 1.4975 1103649552 BAKERSFIELD 93313 CA 20070401 20370301 ARMS No 360 360 359 239,500.00 239,010.44 First Lien 0 239,500.00 0.00 - 325,000.00 73.70 73.70 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103649572 SAN DIEGO 92154 CA 20070401 20370301 FIXED No 360 360 359 416,000.00 416,000.00 First Lien 0 416,000.00 0.00 - 520,000.00 80.00 80.00 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103649594 HONOLULU 96815 HI 20070401 20220401 FIXED Yes 180 360 179 63,000.00 62,982.47 Second Lien 504000 567,000.00 0.00 630000 645000 90.00 90.00 No MI NO MI 0 12.1250 0.5000 0.0325 0.0000 0.5325 1103649602 IRVINE 92620 CA 20070401 20220301 FIXED Yes 180 360 179 110,000.00 109,970.88 Second Lien 412500 522,500.00 0.00 550000 550000 95.00 95.00 No MI NO MI 0 12.3500 0.5000 0.0325 0.0000 0.5325 1103649607 GARDEN GROVE 92841 CA 20070501 20370401 ARMS No 360 360 360 345,000.00 345,000.00 First Lien 0 391,000.00 46,000.00 - 460,000.00 75.00 85.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103649618 BOISE 83706 ID 20070401 20370301 FIXED No 360 360 359 154,000.00 153,823.36 First Lien 0 204,000.00 50,000.00 - 220,000.00 70.00 92.73 No MI NO MI 0 5.250 0.250 0.0325 0.000 0.2825 1103649626 HACIENDA HEIGHTS AREA 91745 CA 20070401 20370301 ARMS No 360 360 359 539,000.00 538,619.58 First Lien 0 539,000.00 0.00 - 770,000.00 70.00 70.00 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103649780 POUGHKEEPSIE 12603 NY 20070401 20370301 ARMS No 360 360 359 135,000.00 135,000.00 First Lien 0 135,000.00 0.00 150000 150000 90.00 90.00 PMI BPMI 25 8.5000 0.3750 0.0325 0.0000 0.4075 1103649788 RANCHO PALO VERDES 90275 CA 20070401 20370301 FIXED No 360 360 359 759,000.00 758,226.17 First Lien 0 1,259,000.00 500,000.00 - 2,200,000.00 34.50 57.23 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103649828 TAMPA 33618 FL 20070201 20370101 ARMS No 360 360 357 306,000.00 306,000.00 First Lien 0 306,000.00 0.00 - 340,000.00 90.00 90.00 PMI LPMI 25 8.275 0.375 0.0325 1.340 1.7475 1103649838 DOWNEY 90240 CA 20070401 20370301 ARMS No 360 360 359 520,000.00 520,000.00 First Lien 0 520,000.00 0.00 650000 650000 80.00 80.00 No MI NO MI 0 6.6250 0.3750 0.0325 0.0000 0.4075 1103649844 PALMDALE 93551 CA 20070401 20370301 ARMS No 360 360 359 424,000.00 424,000.00 First Lien 0 530,000.00 106,000.00 530000 530000 80.00 100.00 No MI NO MI 0 6.1250 0.3750 0.0325 0.0000 0.4075 1103649879 CARMEL BY THE SEA 93921 CA 20070401 20370301 FIXED No 360 360 359 420,000.00 419,601.49 First Lien 0 420,000.00 0.00 - 1,500,000.00 28.00 28.00 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103649882 STANTON 90680 CA 20070301 20220401 FIXED Yes 180 360 178 192,500.00 192,351.22 Second Lien 577500 770,000.00 0.00 770000 775000 100.00 100.00 No MI NO MI 0 10.6500 0.5000 0.0325 0.0000 0.5325 1103649902 LANCASTER 93536 CA 20070401 20370301 ARMS No 360 360 359 384,000.00 384,000.00 First Lien 0 384,000.00 0.00 - 480,000.00 80.00 80.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103649925 HONOLULU 96822 HI 20070401 20370301 ARMS No 360 360 359 190,500.00 190,500.00 First Lien 0 190,500.00 0.00 - 295,000.00 64.58 64.58 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103649983 MOUND 55364 MN 20070401 20370301 ARMS No 360 360 359 749,250.00 749,250.00 First Lien 0 949,050.00 199,800.00 999000 1100000 75.00 95.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103650057 BAKERSFIELD 93311 CA 20070401 20370301 FIXED No 360 360 359 534,000.00 533,442.47 First Lien 0 534,000.00 0.00 - 780,000.00 68.47 68.47 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 1103650090 GRASS VALLEY 95949 CA 20070501 20370401 FIXED No 360 360 360 200,000.00 200,000.00 First Lien 0 200,000.00 0.00 - 292,000.00 68.50 68.50 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 1103650126 PHOENIX 85040 AZ 20070401 20220301 FIXED No 180 180 179 103,000.00 102,660.68 First Lien 0 103,000.00 0.00 - 215,000.00 47.91 47.91 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103650169 LOS ANGELES 90037 CA 20070401 20370301 FIXED No 360 360 359 200,000.00 200,000.00 First Lien 0 200,000.00 0.00 - 435,000.00 45.98 45.98 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103650190 SAN BERNARDINO 92404 CA 20070501 20370401 ARMS No 360 360 360 160,000.00 160,000.00 First Lien 0 160,000.00 0.00 - 310,000.00 51.62 51.62 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103650205 MENIFEE 92584 CA 20070201 20220401 FIXED Yes 180 360 177 70,000.00 69,932.25 Second Lien 280000 350,000.00 0.00 - 350,000.00 100.00 100.00 No MI NO MI 0 11.500 0.500 0.0325 0.000 0.5325 1103650238 SAN DIEGO 92117 CA 20070401 20370301 ARMS No 360 360 359 240,000.00 240,000.00 First Lien 0 300,000.00 60,000.00 300000 300000 80.00 100.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103650275 ORLANDO 32839 FL 20070501 20370401 ARMS No 360 360 360 223,100.00 223,100.00 First Lien 0 278,900.00 55,800.00 278900 290000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103650336 SANTA BARBARA 93105 CA 20070401 20370301 FIXED No 360 360 359 600,000.00 599,358.56 First Lien 0 600,000.00 0.00 - 1,375,000.00 43.64 43.64 No MI NO MI 0 5.625 0.250 0.0325 0.000 0.2825 1103650353 SAN JOSE 95122 CA 20070301 20370201 ARMS No 360 360 358 448,000.00 448,000.00 First Lien 0 448,000.00 0.00 - 640,000.00 70.00 70.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103650439 BENICIA 94510 CA 20070401 20370301 ARMS No 360 360 359 288,000.00 288,000.00 First Lien 0 360,000.00 72,000.00 - 360,000.00 80.00 100.00 No MI NO MI 0 5.999 0.375 0.0325 0.000 0.4075 1103650475 COSTA MESA 92627 CA 20070401 20370301 FIXED No 360 360 359 485,000.00 484,582.43 First Lien 0 485,000.00 0.00 - 865,000.00 56.07 56.07 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103650515 LOS ANGELES 90043 CA 20070501 20370401 ARMS No 360 360 360 340,000.00 340,000.00 First Lien 0 340,000.00 0.00 - 700,000.00 48.58 48.58 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103650588 WHITTIER 90601 CA 20070301 20370201 FIXED No 360 360 358 320,000.00 319,281.25 First Lien 0 320,000.00 0.00 - 400,000.00 80.00 80.00 No MI NO MI 0 5.375 0.250 0.0325 0.000 0.2825 1103650621 LOS ANGELES 90291 CA 20070401 20370301 ARMS No 360 360 359 941,000.00 941,000.00 First Lien 0 941,000.00 0.00 - 1,600,000.00 58.82 58.82 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103650646 KOLOA 96756 HI 20070401 20370301 ARMS No 360 360 359 664,000.00 663,337.72 First Lien 0 664,000.00 0.00 830000 830000 80.00 80.00 No MI NO MI 0 5.9900 0.3750 0.0325 0.0000 0.4075 1103650664 PLACENTIA 92870 CA 20070401 20370301 FIXED No 360 360 359 303,000.00 302,726.08 First Lien 0 303,000.00 0.00 - 450,000.00 67.34 67.34 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103650704 CHINO HILLS 91709 CA 20070401 20370301 ARMS No 360 360 359 416,000.00 416,000.00 First Lien 0 520,000.00 104,000.00 520000 530000 80.00 100.00 No MI NO MI 0 8.8750 0.3750 0.0325 0.0000 0.4075 1103650762 AZUSA 91702 CA 20070401 20370301 ARMS No 360 360 359 380,000.00 380,000.00 First Lien 0 475,000.00 95,000.00 475000 485000 80.00 100.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103650770 PORTERVILLE 93257 CA 20070401 20370301 ARMS No 360 360 359 241,600.00 241,600.00 First Lien 0 302,000.00 60,400.00 - 310,000.00 77.94 97.42 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103650880 OCEANSIDE 92057 CA 20070401 20370301 ARMS No 360 360 359 454,300.00 454,300.00 First Lien 0 551,650.00 97,350.00 - 649,000.00 70.00 85.00 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103650906 AZUSA 91702 CA 20070401 20370301 FIXED No 360 360 359 145,000.00 144,862.42 First Lien 0 145,000.00 0.00 - 425,000.00 34.12 34.12 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103650985 LAGUNA NIGUEL 92677 CA 20070501 20370401 FIXED No 360 360 360 115,000.00 115,000.00 First Lien 0 115,000.00 0.00 - 355,000.00 32.40 32.40 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103651112 GARDEN GROVE 92840 CA 20070401 20370301 FIXED No 360 360 359 433,500.00 433,117.53 First Lien 0 433,500.00 0.00 - 560,000.00 77.42 77.42 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 1103651126 SALT LAKE CITY 84111 UT 20070401 20220401 FIXED Yes 180 360 179 26,350.00 26,343.98 Second Lien 140700 167,050.00 0.00 175875 195500 94.99 94.99 No MI NO MI 0 13.0000 0.5000 0.0325 0.0000 0.5325 1103651168 SPANAWAY 98387 WA 20070401 20370301 ARMS No 360 360 359 181,762.00 181,762.00 First Lien 0 230,232.00 48,470.00 242350 245000 75.00 95.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103651172 BEL AIR 21014 MD 20070301 20220401 FIXED Yes 180 360 178 42,000.00 41,978.97 Second Lien 147000 189,000.00 0.00 210000 320000 90.00 90.00 No MI NO MI 0 12.6250 0.5000 0.0325 0.0000 0.5325 1103651202 AUBURN 95602 CA 20070401 20370301 ARMS No 360 360 359 490,000.00 490,000.00 First Lien 0 490,000.00 0.00 - 735,000.00 66.67 66.67 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103651240 WEST PALM BEACH 33411 FL 20070401 20370301 ARMS No 360 360 359 178,600.00 178,600.00 First Lien 0 178,600.00 0.00 188000 204000 95.00 95.00 PMI BPMI 30 7.9900 0.3750 0.0325 0.0000 0.4075 1103651250 HOFFMAN ESTATES 60192 IL 20070401 20370301 FIXED No 360 360 359 200,000.00 199,810.24 First Lien 0 200,000.00 0.00 - 510,000.00 39.22 39.22 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103651275 HELENA 35080 AL 20070401 20370301 FIXED No 360 360 359 132,000.00 131,862.18 First Lien 0 132,000.00 0.00 - 170,000.00 77.65 77.65 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 1103651288 COVINA 91724 CA 20070401 20370301 ARMS No 360 360 359 404,000.00 404,000.00 First Lien 0 529,000.00 125,000.00 - 600,000.00 67.34 88.17 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103651320 NEWPORT BEACH 92663 CA 20070501 20220401 FIXED No 180 180 180 596,300.00 594,245.21 First Lien 0 796,300.00 200,000.00 - 1,800,000.00 33.13 44.24 No MI NO MI 0 5.975 0.250 0.0325 0.000 0.2825 1103651337 ALEXANDRIA 22309 VA 20070401 20370301 FIXED No 360 360 359 400,000.00 400,000.00 First Lien 0 400,000.00 0.00 - 640,000.00 62.50 62.50 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103651396 REDLANDS 92373 CA 20070401 20370301 FIXED No 360 360 359 430,000.00 430,000.00 First Lien 0 430,000.00 0.00 - 590,000.00 72.89 72.89 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 1103651416 HELENA 35080 AL 20070401 20370301 FIXED No 360 360 359 279,900.00 279,578.94 First Lien 0 279,900.00 0.00 349900 370000 80.00 80.00 No MI NO MI 0 5.2500 0.2500 0.0325 0.0000 0.2825 1103651419 HOBOKEN 07030 NJ 20070401 20370301 ARMS No 360 360 359 477,393.00 477,393.00 First Lien 0 613,791.00 136,398.00 681990 685000 70.00 90.00 No MI NO MI 0 5.7500 0.3750 0.0325 0.0000 0.4075 1103651616 IRVINE 92603 CA 20070401 20370301 ARMS No 360 360 359 560,000.00 560,000.00 First Lien 0 660,000.00 100,000.00 - 900,000.00 62.23 73.34 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 1103651644 POMONA 91767 CA 20070501 20370401 ARMS No 360 360 360 303,920.00 303,920.00 First Lien 0 379,900.00 75,980.00 379900 379900 80.00 100.00 No MI NO MI 0 6.1250 0.3750 0.0325 0.0000 0.4075 1103651658 EL CENTRO 92243 CA 20070401 20370301 FIXED No 360 360 359 115,000.00 114,885.52 First Lien 0 115,000.00 0.00 - 215,000.00 53.49 53.49 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103651685 SAN DIEGO 92113 CA 20070501 20370401 FIXED No 360 360 360 192,000.00 192,000.00 First Lien 0 192,000.00 0.00 - 420,000.00 45.72 45.72 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103651687 BIG BEAR LAKE 92315 CA 20070501 20370401 ARMS No 360 360 360 204,000.00 204,000.00 First Lien 0 242,250.00 38,250.00 255000 265000 80.00 95.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103651721 GAITHERSBURG 20879 MD 20070401 20370301 ARMS No 360 360 359 235,200.00 235,200.00 First Lien 0 319,200.00 84,000.00 336000 345000 70.00 95.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103651752 CAMPBELL 95008 CA 20070401 20370301 FIXED No 360 360 359 315,000.00 314,686.42 First Lien 0 315,000.00 0.00 - 798,000.00 39.48 39.48 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103651764 PALMDALE 93550 CA 20070401 20370301 ARMS No 360 360 359 144,000.00 144,000.00 First Lien 0 144,000.00 0.00 - 280,000.00 51.43 51.43 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103651810 DANVILLE 94526 CA 20070401 20370301 FIXED No 360 360 359 564,000.00 563,464.85 First Lien 0 564,000.00 0.00 - 1,605,000.00 35.15 35.15 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103651837 TOLLESON 85353 AZ 20070401 20370301 FIXED No 360 360 359 185,000.00 185,000.00 First Lien 0 185,000.00 0.00 - 269,000.00 68.78 68.78 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103651838 LAKE FOREST 92630 CA 20070401 20370301 FIXED No 360 360 359 322,200.00 322,200.00 First Lien 0 322,200.00 0.00 - 430,000.00 74.94 74.94 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 1103651856 ALTADENA 91001 CA 20070401 20370301 ARMS No 360 360 359 450,000.00 450,000.00 First Lien 0 450,000.00 0.00 - 600,000.00 75.00 75.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103651876 ANAHEIM 92802 CA 20070401 20370301 FIXED No 360 360 359 321,000.00 321,000.00 First Lien 0 321,000.00 0.00 - 535,000.00 60.00 60.00 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103651973 WAHINGTON 07882 NJ 20070201 20370101 ARMS No 360 360 357 204,750.00 204,750.00 First Lien 0 283,500.00 78,750.00 - 333,000.00 61.49 85.14 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103652059 LOS ANGELES 91331 CA 20070401 20370301 ARMS No 360 360 359 439,200.00 439,200.00 First Lien 0 549,000.00 109,800.00 549000 549000 80.00 100.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 1103652088 RIVERSIDE AREA 92509 CA 20070401 20370301 ARMS No 360 360 359 272,000.00 272,000.00 First Lien 0 272,000.00 0.00 - 345,000.00 78.85 78.85 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103652103 REDMOND 98053 WA 20070501 20370401 FIXED No 360 360 360 418,000.00 417,563.59 First Lien 0 418,000.00 0.00 - 800,000.00 52.25 52.25 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 1103652104 DAVIE 33314 FL 20070301 20220401 FIXED Yes 180 360 178 34,400.00 34,382.79 Second Lien 137600 172,000.00 0.00 172000 174000 100.00 100.00 No MI NO MI 0 12.6250 0.5000 0.0325 0.0000 0.5325 1103652212 SAN DIMAS 91773 CA 20070401 20370301 FIXED No 360 360 359 350,000.00 349,695.64 First Lien 0 350,000.00 0.00 - 650,000.00 53.85 53.85 No MI NO MI 0 6.699 0.250 0.0325 0.000 0.2825 1103652218 PLYMOUTH 48170 MI 20070401 20370301 ARMS No 360 360 359 208,000.00 208,000.00 First Lien 0 247,000.00 39,000.00 260000 480000 80.00 95.00 No MI NO MI 0 8.6250 0.3750 0.0325 0.0000 0.4075 1103652262 WEST COVINA 91790 CA 20070401 20370301 FIXED No 360 360 359 352,400.00 352,400.00 First Lien 0 352,400.00 0.00 - 489,000.00 72.07 72.07 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 1103652293 LANCASTER 93534 CA 20070401 20370301 ARMS No 360 360 359 188,500.00 188,500.00 First Lien 0 188,500.00 0.00 - 290,000.00 65.00 65.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103652316 DOWNEY 90241 CA 20070401 20370301 ARMS No 360 360 359 576,000.00 576,000.00 First Lien 0 720,000.00 144,000.00 720000 720000 80.00 100.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103652329 SAN DIEGO 92111 CA 20070401 20370301 ARMS No 360 360 359 399,000.00 399,000.00 First Lien 0 509,000.00 110,000.00 - 570,000.00 70.00 89.30 No MI NO MI 0 6.659 0.375 0.0325 0.000 0.4075 1103652333 WHITEFISH 59937 MT 20070401 20370301 ARMS No 360 360 359 234,400.00 234,400.00 First Lien 0 278,350.00 43,950.00 - 293,000.00 80.00 95.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103652335 TRABUCO CANYON 92679 CA 20070401 20370301 FIXED No 360 360 359 294,750.00 294,449.49 First Lien 0 393,000.00 98,250.00 393000 395000 75.00 100.00 No MI NO MI 0 5.8750 0.2500 0.0325 0.0000 0.2825 1103652343 LANCASTER 93535 CA 20070501 20370401 ARMS No 360 360 360 555,200.00 555,200.00 First Lien 0 694,000.00 138,800.00 694000 725000 80.00 100.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103652351 IRVINE 92603 CA 20070401 20370301 ARMS No 360 360 359 404,000.00 404,000.00 First Lien 0 404,000.00 0.00 - 660,000.00 61.22 61.22 No MI NO MI 0 6.220 0.375 0.0325 0.000 0.4075 1103652363 LOS ANGELES 91356 CA 20070401 20370301 ARMS No 360 360 359 195,000.00 195,000.00 First Lien 0 195,000.00 0.00 - 260,000.00 75.00 75.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103652373 GARDENA 90249 CA 20070401 20370301 ARMS No 360 360 359 204,000.00 204,000.00 First Lien 0 255,000.00 51,000.00 255000 255000 80.00 100.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103652452 OVIEDO 32765 FL 20070401 20370301 FIXED No 360 360 359 380,000.00 380,000.00 First Lien 0 380,000.00 0.00 475000 500000 80.00 80.00 No MI NO MI 0 7.0000 0.2500 0.0325 0.0000 0.2825 1103652458 WEST SACRAMENTO 95605 CA 20070501 20370401 ARMS No 360 360 360 820,000.00 819,143.87 First Lien 0 820,000.00 0.00 - 1,025,000.00 80.00 80.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103652492 NAPERVILLE 60565 IL 20070401 20370301 ARMS No 360 360 359 274,800.00 274,800.00 First Lien 0 340,800.00 66,000.00 - 343,500.00 80.00 99.22 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103652510 PASO ROBLES 93446 CA 20070401 20220401 FIXED Yes 180 360 179 97,000.00 96,975.18 Second Lien 339500 436,500.00 0.00 - 485,000.00 90.00 90.00 No MI NO MI 0 12.500 0.500 0.0325 0.000 0.5325 1103652537 WOODMERE 11598 NY 20070501 20370401 FIXED No 360 360 360 510,000.00 510,000.00 First Lien 0 510,000.00 0.00 - 853,000.00 59.79 59.79 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103652548 DENVER 80211 CO 20070601 20370501 FIXED No 360 360 360 330,000.00 330,000.00 First Lien 0 330,000.00 0.00 - 480,000.00 68.75 68.75 No MI NO MI 0 7.250 0.250 0.0325 0.000 0.2825 1103652549 BAKERSFIELD 93312 CA 20070401 20370301 FIXED No 360 360 359 320,000.00 320,000.00 First Lien 0 384,670.00 64,670.00 - 400,000.00 80.00 96.17 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 1103652552 YUCCA VALLEY 92284 CA 20070401 20370301 FIXED No 360 360 359 134,640.00 134,518.28 First Lien 0 159,885.00 25,245.00 168300 183000 80.00 95.00 No MI NO MI 0 6.5000 0.2500 0.0325 0.0000 0.2825 1103652565 TEMECULA 92592 CA 20070401 20370301 ARMS No 360 360 359 256,000.00 256,000.00 First Lien 0 256,000.00 0.00 320000 320000 80.00 80.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103652605 ORLANDO 32817 FL 20070401 20370301 ARMS No 360 360 359 241,600.00 241,600.00 First Lien 0 285,100.00 43,500.00 - 302,000.00 80.00 94.41 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103652607 ESTES PARK 80517 CO 20070501 20370401 ARMS No 360 360 360 126,750.00 126,750.00 First Lien 0 126,750.00 0.00 - 169,000.00 75.00 75.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103652612 PASO ROBLES 93446 CA 20070401 20370301 ARMS No 360 360 359 636,000.00 636,000.00 First Lien 0 636,000.00 0.00 - 795,000.00 80.00 80.00 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103652631 SAN JOSE 95126 CA 20070401 20370301 ARMS No 360 360 359 484,000.00 484,000.00 First Lien 0 605,000.00 121,000.00 605000 605000 80.00 100.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103652634 TOOELE 84074 UT 20070401 20370301 FIXED No 360 360 359 171,200.00 171,200.00 First Lien 0 171,200.00 0.00 - 214,000.00 80.00 80.00 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103652653 LOS ANGELES 90047 CA 20070401 20370301 FIXED No 360 360 359 426,000.00 425,614.89 First Lien 0 426,000.00 0.00 - 577,000.00 73.84 73.84 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103652662 ROSEVILLE 95747 CA 20070401 20370301 FIXED No 360 360 359 480,000.00 480,000.00 First Lien 0 480,000.00 0.00 - 600,000.00 80.00 80.00 No MI NO MI 0 6.200 0.250 0.0325 0.000 0.2825 1103652674 BIG BEAR LAKE 92315 CA 20070401 20370301 FIXED No 360 360 359 560,000.00 559,455.71 First Lien 0 560,000.00 0.00 - 1,272,000.00 44.03 44.03 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103652697 KIHEI 96753 HI 20070401 20370301 ARMS No 360 360 359 219,200.00 219,200.00 First Lien 0 219,200.00 0.00 - 295,000.00 74.31 74.31 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103652700 HAWAIIAN GARDENS 90716 CA 20070401 20370301 ARMS No 360 360 359 400,000.00 400,000.00 First Lien 0 400,000.00 0.00 - 535,000.00 74.77 74.77 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103652713 TEHACHAPI 93561 CA 20070501 20370401 ARMS No 360 360 360 352,000.00 352,000.00 First Lien 0 352,000.00 0.00 455000 455000 77.37 77.37 No MI NO MI 0 5.7500 0.3750 0.0325 0.0000 0.4075 1103652729 SALT LAKE CITY 84105 UT 20070401 20370301 FIXED No 360 360 359 191,000.00 191,000.00 First Lien 0 191,000.00 0.00 - 320,000.00 59.69 59.69 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103652737 SAN FRANCISCO 94122 CA 20070401 20370301 ARMS No 360 360 359 585,000.00 584,471.15 First Lien 0 585,000.00 0.00 - 975,000.00 60.00 60.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103652754 LOS ANGELES 90002 CA 20070401 20370301 ARMS No 360 360 359 487,500.00 487,500.00 First Lien 0 650,000.00 162,500.00 650000 650000 75.00 100.00 No MI NO MI 0 8.8750 0.3750 0.0325 0.0000 0.4075 1103652758 DENVER 80229 CO 20070401 20370301 ARMS No 360 360 359 81,000.00 81,000.00 First Lien 0 102,600.00 21,600.00 108000 108000 75.00 95.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103652771 LOS ANGELES 90042 CA 20070401 20370301 ARMS No 360 360 359 505,000.00 505,000.00 First Lien 0 505,000.00 0.00 - 700,000.00 72.15 72.15 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103652779 DEL MAR 92014 CA 20070501 20370401 FIXED No 360 360 360 525,000.00 525,000.00 First Lien 0 525,000.00 0.00 - 1,320,000.00 39.78 39.78 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103652840 CANYON LAKE 92587 CA 20070401 20370301 FIXED No 360 360 359 470,400.00 470,400.00 First Lien 0 530,900.00 60,500.00 - 915,000.00 51.41 58.03 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103652841 PURCELLVILLE 20132 VA 20070401 20370301 ARMS No 360 360 359 500,000.00 500,000.00 First Lien 0 556,700.00 56,700.00 - 630,000.00 79.37 88.37 No MI NO MI 0 5.625 0.375 0.0325 0.000 0.4075 1103652847 TUSTIN 92780 CA 20070501 20370401 ARMS No 360 360 360 435,000.00 435,000.00 First Lien 0 435,000.00 0.00 - 553,000.00 78.67 78.67 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103652867 PARKER 80138 CO 20070401 20370301 FIXED No 360 360 359 150,120.00 150,120.00 First Lien 0 178,267.00 28,147.00 187650 193000 80.00 95.00 No MI NO MI 0 7.3750 0.2500 0.0325 0.0000 0.2825 1103652876 WATERSOUND 32413 FL 20070501 20370401 ARMS No 360 360 360 875,000.00 875,000.00 First Lien 0 1,572,717.00 697,717.00 - 1,900,000.00 46.06 82.78 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103652929 DETROIT 48224 MI 20070501 20370401 ARMS No 360 360 360 88,000.00 88,000.00 First Lien 0 108,000.00 20,000.00 120000 120000 73.34 90.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103652986 MADERA 93636 CA 20070401 20370301 FIXED No 360 360 359 355,000.00 355,000.00 First Lien 0 355,000.00 0.00 - 660,000.00 53.79 53.79 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103653022 OCEANSIDE 92057 CA 20070401 20370301 ARMS No 360 360 359 301,000.00 301,000.00 First Lien 0 301,000.00 0.00 430000 473000 70.00 70.00 No MI NO MI 0 6.0000 0.3750 0.0325 0.0000 0.4075 1103653039 DENVER 80210 CO 20070401 20370301 ARMS No 360 360 359 350,000.00 350,000.00 First Lien 0 350,000.00 0.00 471000 500000 74.31 74.31 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103653048 ESTES PARK 80517 CO 20070401 20370301 ARMS No 360 360 359 736,000.00 736,000.00 First Lien 0 736,000.00 0.00 920000 935000 80.00 80.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103653060 GLENDALE 91214 CA 20070501 20370401 ARMS No 360 360 360 562,000.00 562,000.00 First Lien 0 562,000.00 0.00 - 750,000.00 74.94 74.94 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103653068 ORANGE 92867 CA 20070401 20370301 ARMS No 360 360 359 630,000.00 630,000.00 First Lien 0 630,000.00 0.00 - 900,000.00 70.00 70.00 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 1103653073 VALLEJO 94590 CA 20070401 20370301 ARMS No 360 360 359 304,000.00 304,000.00 First Lien 0 361,000.00 57,000.00 380000 380000 80.00 95.00 No MI NO MI 0 6.6250 0.3750 0.0325 0.0000 0.4075 1103653093 SEATTLE 98117 WA 20070401 20370301 ARMS No 360 360 359 492,000.00 492,000.00 First Lien 0 492,000.00 0.00 - 615,000.00 80.00 80.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103653099 SAN PEDRO 90732 CA 20070501 20370401 ARMS No 360 360 360 212,000.00 212,000.00 First Lien 0 212,000.00 0.00 - 555,000.00 38.20 38.20 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103653115 FORT WALTON BEACH 32548 FL 20070501 20370401 ARMS No 360 360 360 289,000.00 289,000.00 First Lien 0 471,364.00 182,364.00 - 520,000.00 55.58 90.65 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103653161 INGLEWOOD 90301 CA 20070501 20220401 FIXED No 180 180 180 150,000.00 150,000.00 First Lien 0 150,000.00 0.00 - 525,000.00 28.58 28.58 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103653165 OXNARD 93033 CA 20070401 20370301 ARMS No 360 360 359 450,000.00 450,000.00 First Lien 0 450,000.00 0.00 - 600,000.00 75.00 75.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103653172 WHITTIER AREA 90606 CA 20070501 20370401 FIXED No 360 360 360 300,000.00 300,000.00 First Lien 0 300,000.00 0.00 - 545,000.00 55.05 55.05 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103653191 PLACERVILLE 95667 CA 20070501 20370401 FIXED No 360 360 360 577,500.00 577,500.00 First Lien 0 577,500.00 0.00 - 825,000.00 70.00 70.00 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103653215 BURKE 22015 VA 20070401 20220301 FIXED No 180 180 179 400,000.00 398,595.03 First Lien 0 400,000.00 0.00 - 867,000.00 46.14 46.14 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 1103653297 THORNTON 80602 CO 20070401 20370301 ARMS No 360 360 359 208,000.00 208,000.00 First Lien 0 260,000.00 52,000.00 260000 260000 80.00 100.00 No MI NO MI 0 5.9900 0.3750 0.0325 0.0000 0.4075 1103653310 LONG BEACH 90808 CA 20070401 20370301 FIXED No 360 360 359 417,000.00 417,000.00 First Lien 0 607,400.00 190,400.00 - 675,000.00 61.78 89.99 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 1103653355 SAN FRANCISCO 94107 CA 20070401 20370301 ARMS No 360 360 359 378,000.00 377,641.34 First Lien 0 378,000.00 0.00 - 630,000.00 60.00 60.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103653358 LOS ANGELES 90043 CA 20070401 20370301 ARMS No 360 360 359 599,920.00 599,920.00 First Lien 0 749,900.00 149,980.00 749900 810000 80.00 100.00 No MI NO MI 0 8.5000 0.3750 0.0325 0.0000 0.4075 1103653380 THOUSAND OAKS 91362 CA 20070401 20370301 FIXED No 360 360 359 169,500.00 169,335.26 First Lien 0 169,500.00 0.00 - 360,000.00 47.09 47.09 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103653387 MURRIETA 92562 CA 20070401 20370301 ARMS No 360 360 359 336,000.00 336,000.00 First Lien 0 420,000.00 84,000.00 - 420,000.00 80.00 100.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103653393 MAYWOOD 60153 IL 20070401 20370301 ARMS No 360 360 359 131,400.00 131,332.59 First Lien 0 131,400.00 0.00 146000 146000 90.00 90.00 PMI LPMI 25 9.3000 0.3750 0.0325 1.1900 1.5975 1103653401 OJAI 93023 CA 20070401 20370301 ARMS No 360 360 359 336,750.00 336,750.00 First Lien 0 426,550.00 89,800.00 449000 449000 75.00 95.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103653418 SUN CITY 92586 CA 20070401 20370301 ARMS No 360 360 359 115,700.00 115,700.00 First Lien 0 115,700.00 0.00 - 178,000.00 65.00 65.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103653446 PASO ROBLES 93446 CA 20070401 20370301 ARMS No 360 360 359 497,000.00 497,000.00 First Lien 0 497,000.00 0.00 - 575,000.00 86.44 86.44 PMI LPMI 25 6.500 0.375 0.0325 0.820 1.2275 1103653448 ENGLEWOOD 80111 CO 20070501 20370401 ARMS No 360 360 360 741,750.00 741,750.00 First Lien 0 741,750.00 0.00 - 1,525,000.00 48.64 48.64 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103653455 SAN DIEGO 92114 CA 20070401 20370301 ARMS No 360 360 359 347,800.00 347,800.00 First Lien 0 437,800.00 90,000.00 - 470,000.00 74.00 93.15 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103653464 ROSEMEAD 91770 CA 20070501 20370401 ARMS No 360 360 360 637,000.00 637,000.00 First Lien 0 745,000.00 108,000.00 - 910,000.00 70.00 81.87 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103653469 HAWTHORNE 90250 CA 20070401 20220301 FIXED No 180 180 179 299,500.00 298,502.66 First Lien 0 299,500.00 0.00 - 700,000.00 42.79 42.79 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103653506 COACHELLA 92236 CA 20070401 20370301 ARMS No 360 360 359 251,992.00 251,992.00 First Lien 0 314,990.00 62,998.00 314990 315000 80.00 100.00 No MI NO MI 0 6.6250 0.3750 0.0325 0.0000 0.4075 1103653553 COLLEYVILLE 76034 TX 20070401 20370301 ARMS No 360 360 359 363,000.00 363,000.00 First Lien 0 363,000.00 0.00 - 1,272,500.00 28.53 28.53 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 1103653572 ADDISON 60101 IL 20070401 20370301 ARMS No 360 360 359 172,000.00 172,000.00 First Lien 0 215,000.00 43,000.00 215000 215000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103653577 STEAMBOAT SPRINGS 80477 CO 20070401 20370301 ARMS No 360 360 359 283,000.00 283,000.00 First Lien 0 283,000.00 0.00 - 750,000.00 37.74 37.74 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103653599 AREA OF HAR 90710 CA 20070401 20370301 FIXED No 360 360 359 480,000.00 479,596.74 First Lien 0 480,000.00 0.00 600000 600000 80.00 80.00 No MI NO MI 0 6.8750 0.2500 0.0325 0.0000 0.2825 1103653605 SAN MARCOS 92069 CA 20070401 20370301 ARMS No 360 360 359 465,000.00 465,000.00 First Lien 0 465,000.00 0.00 - 915,000.00 50.82 50.82 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103653612 TRACY 95376 CA 20070401 20370301 ARMS No 360 360 359 432,000.00 432,000.00 First Lien 0 473,500.00 41,500.00 - 540,000.00 80.00 87.69 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103653659 BURBANK 91501 CA 20070401 20370301 ARMS No 360 360 359 452,000.00 452,000.00 First Lien 0 452,000.00 0.00 565000 585000 80.00 80.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103653671 ALISO VIEJO 92656 CA 20070501 20370401 ARMS No 360 360 360 339,000.00 339,000.00 First Lien 0 417,500.00 78,500.00 - 485,000.00 69.90 86.09 No MI NO MI 0 6.470 0.375 0.0325 0.000 0.4075 1103653689 TWENTYNINE PALMS 92277 CA 20070401 20370301 ARMS No 360 360 359 127,000.00 127,000.00 First Lien 0 127,000.00 0.00 - 170,000.00 74.71 74.71 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103653742 SPARKS 89436 NV 20070401 20370301 ARMS No 360 360 359 318,700.00 318,418.82 First Lien 0 382,450.00 63,750.00 - 425,000.00 74.99 89.99 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103653785 LEHI 84043 UT 20070401 20370301 ARMS No 360 360 359 161,718.00 161,718.00 First Lien 0 204,843.00 43,125.00 215625 216000 75.00 95.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103653804 SAN CARLOS 94070 CA 20070401 20370301 ARMS No 360 360 359 460,000.00 459,519.73 First Lien 0 460,000.00 0.00 575000 575000 80.00 80.00 No MI NO MI 0 5.7500 0.3750 0.0325 0.0000 0.4075 1103653810 MIAMI 33196 FL 20070501 20370401 ARMS No 360 360 360 262,500.00 262,500.00 First Lien 0 356,250.00 93,750.00 - 375,000.00 70.00 95.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103653816 COVINA AREA 91722 CA 20070501 20370401 ARMS No 360 360 360 380,000.00 380,000.00 First Lien 0 475,000.00 95,000.00 - 475,000.00 80.00 100.00 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103653861 IRVINE 92612 CA 20070501 20370401 ARMS No 360 360 360 265,293.00 265,293.00 First Lien 0 265,293.00 0.00 378990 380000 70.00 70.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103653863 TRABUCO CANYON 92679 CA 20070501 20370401 FIXED No 360 360 360 720,000.00 720,000.00 First Lien 0 720,000.00 0.00 - 980,000.00 73.47 73.47 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103653888 PLEASANTVILLE 08232 NJ 20070401 20370301 ARMS No 360 360 359 228,000.00 227,850.86 First Lien 0 228,000.00 0.00 - 285,000.00 80.00 80.00 No MI NO MI 0 8.125 0.375 0.0325 0.000 0.4075 1103653894 MIAMI 33145 FL 20070501 20370401 FIXED No 360 360 360 420,000.00 420,000.00 First Lien 0 420,000.00 0.00 - 575,000.00 73.05 73.05 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103653897 WAYNE 07470 NJ 20070601 20370501 FIXED No 360 360 360 650,000.00 650,000.00 First Lien 0 800,000.00 150,000.00 875000 875000 74.29 91.43 No MI NO MI 0 6.6250 0.2500 0.0325 0.0000 0.2825 1103653913 SAINT PAUL 55106 MN 20070501 20370401 ARMS No 360 360 360 122,500.00 122,500.00 First Lien 0 122,500.00 0.00 - 175,000.00 70.00 70.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103653929 LITCHFIELD 85340 AZ 20070501 20370401 ARMS No 360 360 360 240,000.00 240,000.00 First Lien 0 270,000.00 30,000.00 300000 305000 80.00 90.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103653934 LONG BEACH 90804 CA 20070501 20370401 ARMS No 360 360 360 476,000.00 476,000.00 First Lien 0 680,000.00 204,000.00 680000 680000 70.00 100.00 No MI NO MI 0 5.6250 0.3750 0.0325 0.0000 0.4075 1103653953 JACKSONVILLE 32244 FL 20070501 20370401 ARMS No 360 360 360 185,200.00 185,200.00 First Lien 0 185,200.00 0.00 195000 195000 94.98 94.98 PMI LPMI 30 7.5900 0.3750 0.0325 0.8300 1.2375 1103653975 SAN DIEGO 92116 CA 20070501 20370401 ARMS No 360 360 360 310,500.00 310,500.00 First Lien 0 310,500.00 0.00 345000 345000 90.00 90.00 PMI LPMI 25 10.7500 0.3750 0.0325 1.0900 1.4975 1103653997 VALENCIA 91354 CA 20070401 20370301 ARMS No 360 360 359 360,000.00 360,000.00 First Lien 0 360,000.00 0.00 - 560,000.00 64.29 64.29 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103654006 CORAL GABLES 33134 FL 20070401 20370301 ARMS No 360 360 359 844,000.00 844,000.00 First Lien 0 844,000.00 0.00 - 1,200,000.00 70.34 70.34 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103654026 MENIFEE AREA 92584 CA 20070401 20370301 FIXED No 360 360 359 305,600.00 305,330.38 First Lien 0 382,000.00 76,400.00 382000 382000 80.00 100.00 No MI NO MI 0 6.6250 0.2500 0.0325 0.0000 0.2825 1103654045 ANAHEIM HILLS 92807 CA 20070501 20370401 ARMS No 360 360 360 480,000.00 480,000.00 First Lien 0 600,000.00 120,000.00 600000 600000 80.00 100.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103654046 SALT LAKE CITY 84107 UT 20070401 20370301 ARMS No 360 360 359 135,850.00 135,850.00 First Lien 0 198,550.00 62,700.00 - 209,000.00 65.00 95.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103654056 TEMECULA 92591 CA 20070401 20370301 ARMS No 360 360 359 438,500.00 438,500.00 First Lien 0 438,500.00 0.00 - 555,000.00 79.01 79.01 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103654058 JACKSONVILLE 32257 FL 20070501 20370401 ARMS No 360 360 360 236,800.00 236,800.00 First Lien 0 296,000.00 59,200.00 - 296,000.00 80.00 100.00 No MI NO MI 0 6.980 0.375 0.0325 0.000 0.4075 1103654067 BRADENTON 34207 FL 20070401 20370301 ARMS No 360 360 359 125,250.00 125,250.00 First Lien 0 158,650.00 33,400.00 167000 170000 75.00 95.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103654075 SOUTH GATE 90280 CA 20070401 20370301 ARMS No 360 360 359 360,000.00 360,000.00 First Lien 0 450,000.00 90,000.00 - 450,000.00 80.00 100.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103654097 GRAND LAKE 80447 CO 20070501 20370401 ARMS No 360 360 360 750,000.00 750,000.00 First Lien 0 750,000.00 0.00 - 1,200,000.00 62.50 62.50 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103654102 SAN DIEGO 92154 CA 20070401 20370301 ARMS No 360 360 359 555,000.00 555,000.00 First Lien 0 555,000.00 0.00 - 740,000.00 75.00 75.00 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103654122 SANTA CLARA 95054 CA 20070401 20370301 ARMS No 360 360 359 599,999.00 599,999.00 First Lien 0 749,999.00 150,000.00 749999 750000 80.00 100.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103654134 WATERFORD 95386 CA 20070401 20370301 ARMS No 360 360 359 250,000.00 250,000.00 First Lien 0 250,000.00 0.00 - 343,000.00 72.89 72.89 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103654137 CHATSWORTH 91311 IL 20070401 20370301 ARMS No 360 360 359 372,000.00 372,000.00 First Lien 0 465,000.00 93,000.00 465000 465000 80.00 100.00 No MI NO MI 0 5.7500 0.3750 0.0325 0.0000 0.4075 1103654139 RESEDA AREA 91335 CA 20070401 20370301 FIXED No 360 360 359 390,000.00 390,000.00 First Lien 0 390,000.00 0.00 - 520,000.00 75.00 75.00 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103654145 WEST HILLS 91307 CA 20070501 20370401 ARMS No 360 360 360 290,000.00 290,000.00 First Lien 0 290,000.00 0.00 - 850,000.00 34.12 34.12 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 1103654154 RANCHO CUCAMONGA 91739 CA 20070401 20370301 FIXED No 360 360 359 417,000.00 416,521.69 First Lien 0 417,000.00 0.00 - 801,000.00 52.06 52.06 No MI NO MI 0 5.250 0.250 0.0325 0.000 0.2825 1103654164 YORBA LINDA 92886 CA 20070501 20370401 FIXED No 360 360 360 537,600.00 537,600.00 First Lien 0 587,600.00 50,000.00 - 1,100,000.00 48.88 53.42 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 1103654170 SUN VALLEY AREA 91352 CA 20070401 20370301 ARMS No 360 360 359 424,000.00 424,000.00 First Lien 0 530,000.00 106,000.00 530000 530000 80.00 100.00 No MI NO MI 0 7.4500 0.3750 0.0325 0.0000 0.4075 1103654175 MANTECA 95337 CA 20070401 20370301 ARMS No 360 360 359 220,500.00 220,500.00 First Lien 0 220,500.00 0.00 - 315,000.00 70.00 70.00 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 1103654179 RIVERSIDE 92505 CA 20070401 20370301 ARMS No 360 360 359 343,000.00 343,000.00 First Lien 0 490,000.00 147,000.00 490000 495000 70.00 100.00 No MI NO MI 0 5.7500 0.3750 0.0325 0.0000 0.4075 1103654181 DOWNERS GROVE 60516 IL 20070501 20370401 ARMS No 360 360 360 262,000.00 262,000.00 First Lien 0 262,000.00 0.00 - 375,000.00 69.87 69.87 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103654186 GARDNERVILLE 89410 NV 20070501 20370401 ARMS No 360 360 360 472,000.00 472,000.00 First Lien 0 472,000.00 0.00 - 630,000.00 74.93 74.93 No MI NO MI 0 5.800 0.375 0.0325 0.000 0.4075 1103654188 SANTA ANA 92703 CA 20070401 20370301 ARMS No 360 360 359 515,000.00 515,000.00 First Lien 0 515,000.00 0.00 - 700,000.00 73.58 73.58 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103654193 PICO RIVERA 90660 CA 20070401 20370301 ARMS No 360 360 359 283,800.00 283,800.00 First Lien 0 283,800.00 0.00 - 425,000.00 66.78 66.78 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103654194 CORONA 92880 CA 20070401 20370301 ARMS No 360 360 359 437,000.00 437,000.00 First Lien 0 592,000.00 155,000.00 - 630,000.00 69.37 93.97 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103654232 LOS ANGELES 90065 CA 20070401 20370301 FIXED No 360 360 359 200,000.00 199,805.61 First Lien 0 200,000.00 0.00 - 600,000.00 33.34 33.34 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103654251 BRICK 08723 NJ 20070401 20370301 ARMS No 360 360 359 238,800.00 238,631.45 First Lien 0 298,500.00 59,700.00 298500 300000 80.00 100.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103654288 PHOENIX 85004 AZ 20070401 20370301 ARMS No 360 360 359 129,500.00 129,382.93 First Lien 0 129,500.00 0.00 - 185,000.00 70.00 70.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103654309 PANORAMA CITY AREA 91402 CA 20070401 20370301 ARMS No 360 360 359 262,500.00 262,500.00 First Lien 0 262,500.00 0.00 - 350,000.00 75.00 75.00 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103654343 POMONA 91761 CA 20070401 20370301 FIXED No 360 360 359 150,000.00 149,850.67 First Lien 0 150,000.00 0.00 - 390,000.00 38.47 38.47 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103654355 GLENDALE 91207 CA 20070401 20370301 ARMS No 360 360 359 636,000.00 636,000.00 First Lien 0 795,000.00 159,000.00 795000 795000 80.00 100.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103654356 RIVERSIDE 92506 CA 20070401 20370301 ARMS No 360 360 359 388,000.00 388,000.00 First Lien 0 485,000.00 97,000.00 485000 500000 80.00 100.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103654375 POMONA 91767 CA 20070401 20370301 FIXED No 360 360 359 157,000.00 156,854.58 First Lien 0 157,000.00 0.00 - 495,000.00 31.72 31.72 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103654408 DANVILLE 94506 CA 20070501 20370401 FIXED No 360 360 360 548,500.00 548,500.00 First Lien 0 548,500.00 0.00 - 1,080,000.00 50.79 50.79 No MI NO MI 0 6.300 0.250 0.0325 0.000 0.2825 1103654416 SOUTH EL MONTE 91733 CA 20070401 20370301 FIXED No 360 360 359 90,000.00 90,000.00 First Lien 0 90,000.00 0.00 - 440,000.00 20.46 20.46 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103654433 TORRANCE 90504 CA 20070401 20370301 ARMS No 360 360 359 502,500.00 502,500.00 First Lien 0 603,000.00 100,500.00 - 670,000.00 75.00 90.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103654467 FAIRFIELD 94534 CA 20070501 20370401 ARMS No 360 360 360 860,000.00 860,000.00 First Lien 0 860,000.00 0.00 - 1,075,000.00 80.00 80.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103654472 SAN DIEGO 92116 CA 20070401 20370301 FIXED No 360 360 359 330,000.00 330,000.00 First Lien 0 330,000.00 0.00 - 595,000.00 55.47 55.47 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103654482 BANNING 92220 CA 20070501 20370401 ARMS No 360 360 360 155,000.00 155,000.00 First Lien 0 155,000.00 0.00 - 251,000.00 61.76 61.76 No MI NO MI 0 5.375 0.375 0.0325 0.000 0.4075 1103654489 CENTENNIAL 80015 CO 20070501 20370401 FIXED No 360 360 360 300,000.00 300,000.00 First Lien 0 300,000.00 0.00 - 430,000.00 69.77 69.77 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103654504 CALEXICO 92231 CA 20070401 20370301 FIXED No 360 360 359 208,000.00 208,000.00 First Lien 0 208,000.00 0.00 - 260,000.00 80.00 80.00 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103654507 FONTANA 92337 CA 20070401 20370301 FIXED No 360 360 359 396,000.00 395,642.01 First Lien 0 396,000.00 0.00 - 528,000.00 75.00 75.00 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103654516 INDIO 92203 CA 20070401 20370301 ARMS No 360 360 359 198,500.00 198,500.00 First Lien 0 198,500.00 0.00 - 285,000.00 69.65 69.65 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103654522 SAN MARCOS 92078 CA 20070501 20370401 ARMS No 360 360 360 359,000.00 359,000.00 First Lien 0 359,000.00 0.00 - 452,975.00 79.26 79.26 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103654534 SUNNYVALE 94087 CA 20070501 20370401 ARMS No 360 360 360 225,000.00 225,000.00 First Lien 0 225,000.00 0.00 - 375,000.00 60.00 60.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103654536 SIERRA MADRE 91024 CA 20070401 20370301 FIXED No 360 360 359 210,000.00 209,800.74 First Lien 0 210,000.00 0.00 - 860,000.00 24.42 24.42 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103654539 LOS GATOS 95032 CA 20070501 20370401 ARMS No 360 360 360 790,000.00 789,135.30 First Lien 0 790,000.00 0.00 - 1,350,000.00 58.52 58.52 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 1103654546 DELRAY BEACH 33483 FL 20070501 20370401 ARMS No 360 360 360 500,000.00 500,000.00 First Lien 0 585,000.00 85,000.00 - 650,000.00 76.93 90.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103654548 PERRIS 92571 CA 20070401 20370301 ARMS No 360 360 359 340,000.00 340,000.00 First Lien 0 425,000.00 85,000.00 - 425,000.00 80.00 100.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103654580 EDWARDS 81632 CO 20070401 20370301 ARMS No 360 360 359 750,000.00 750,000.00 First Lien 0 750,000.00 0.00 - 1,337,000.00 56.10 56.10 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103654583 LOS ANGELES 90043 CA 20070401 20370301 FIXED No 360 360 359 300,000.00 300,000.00 First Lien 0 300,000.00 0.00 - 550,000.00 54.55 54.55 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103654619 CARLSBAD 92009 CA 20070401 20370301 ARMS No 360 360 359 270,000.00 270,000.00 First Lien 0 270,000.00 0.00 - 534,000.00 50.57 50.57 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103654622 SALINAS 93908 CA 20070401 20370301 FIXED No 360 360 359 485,000.00 485,000.00 First Lien 0 485,000.00 0.00 - 1,000,000.00 48.50 48.50 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103654631 MANASSAS PARK 20111 VA 20070401 20370301 ARMS No 360 360 359 269,500.00 269,500.00 First Lien 0 365,750.00 96,250.00 - 385,000.00 70.00 95.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103654636 ALLEN 75013 TX 20070401 20370301 ARMS No 360 360 359 400,000.00 400,000.00 First Lien 0 475,000.00 75,000.00 500000 500000 80.00 95.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103654637 CORONA 92879 CA 20070601 20370501 FIXED No 360 360 360 720,000.00 720,000.00 First Lien 0 720,000.00 0.00 - 900,000.00 80.00 80.00 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 1103654644 RENO 89523 NV 20070401 20370301 ARMS No 360 360 359 356,000.00 356,000.00 First Lien 0 356,000.00 0.00 - 692,000.00 51.45 51.45 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103654688 SLOUGHHOUSE 95683 CA 20070401 20370301 FIXED No 360 360 359 380,000.00 379,639.44 First Lien 0 380,000.00 0.00 - 625,000.00 60.80 60.80 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103654691 LYNDEN 98264 WA 20070401 20370301 FIXED No 360 360 359 174,400.00 174,253.49 First Lien 0 206,900.00 32,500.00 - 218,000.00 80.00 94.91 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 1103654727 OLD SAYBROOK 06475 CT 20070501 20370401 FIXED No 360 360 360 283,500.00 283,210.96 First Lien 0 283,500.00 0.00 - 510,000.00 55.59 55.59 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103654743 NAPERVILLE 60540 IL 20070401 20370301 ARMS No 360 360 359 360,000.00 360,000.00 First Lien 0 360,000.00 0.00 460000 460000 78.27 78.27 No MI NO MI 0 5.2500 0.3750 0.0325 0.0000 0.4075 1103654747 MILLBRAE 94030 CA 20070401 20370301 ARMS No 360 360 359 450,000.00 450,000.00 First Lien 0 552,000.00 102,000.00 - 1,220,000.00 36.89 45.25 No MI NO MI 0 5.450 0.375 0.0325 0.000 0.4075 1103654762 HONOLULU 96826 HI 20070401 20370301 FIXED Yes 360 480 359 482,800.00 482,649.00 First Lien 0 482,800.00 0.00 - 568,000.00 85.00 85.00 PMI LPMI 22 7.695 0.250 0.0325 0.780 1.0625 1103654772 STERLING 20164 VA 20070401 20370301 ARMS No 360 360 359 320,000.00 320,000.00 First Lien 0 400,000.00 80,000.00 400000 400000 80.00 100.00 No MI NO MI 0 7.9900 0.3750 0.0325 0.0000 0.4075 1103654798 LOS ANGELES 90063 CA 20070501 20370401 FIXED No 360 360 360 350,000.00 350,000.00 First Lien 0 350,000.00 0.00 - 620,000.00 56.46 56.46 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103654813 WESTCHESTER 90045 CA 20070401 20370301 ARMS No 360 360 359 604,000.00 604,000.00 First Lien 0 755,000.00 151,000.00 755000 755000 80.00 100.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 1103654822 (NORTHRIDGE AREA) LOS ANG 91325 CA 20070401 20370301 ARMS No 360 360 359 364,000.00 364,000.00 First Lien 0 455,000.00 91,000.00 455000 455000 80.00 100.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103654829 SUNNYVALE 94086 CA 20070401 20370301 ARMS No 360 360 359 417,000.00 417,000.00 First Lien 0 567,000.00 150,000.00 - 752,000.00 55.46 75.40 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103654832 GLENDALE 91205 CA 20070501 20220401 FIXED No 180 180 180 432,000.00 430,514.54 First Lien 0 432,000.00 0.00 - 725,000.00 59.59 59.59 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103654837 AUSTIN 78729 TX 20070401 20370301 ARMS No 360 360 359 136,000.00 135,943.03 First Lien 0 170,000.00 34,000.00 170000 172000 80.00 100.00 No MI NO MI 0 10.2550 0.3750 0.0325 0.0000 0.4075 1103654858 ARCADIA 91006 CA 20070401 20370301 ARMS No 360 360 359 393,750.00 393,750.00 First Lien 0 472,500.00 78,750.00 - 525,000.00 75.00 90.00 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103654873 RANCHO PALOS VERDES 90275 CA 20070501 20220401 FIXED No 180 180 180 656,000.00 656,000.00 First Lien 0 656,000.00 0.00 - 1,400,000.00 46.86 46.86 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103654878 CARSON 90745 CA 20070401 20370301 ARMS No 360 360 359 426,000.00 426,000.00 First Lien 0 426,000.00 0.00 - 552,000.00 77.18 77.18 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103654884 SAN DIEGO 92105 CA 20070401 20370301 ARMS No 360 360 359 478,000.00 478,000.00 First Lien 0 597,500.00 119,500.00 597500 605000 80.00 100.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 1103654886 CORONA AREA 92883 CA 20070501 20370401 ARMS No 360 360 360 451,000.00 451,000.00 First Lien 0 451,000.00 0.00 - 575,000.00 78.44 78.44 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 1103654901 BENICIA 94510 CA 20070401 20370301 ARMS No 360 360 359 331,000.00 331,000.00 First Lien 0 331,000.00 0.00 - 545,000.00 60.74 60.74 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103654905 FORT COLLINS 80521 CO 20070501 20370401 ARMS No 360 360 360 151,500.00 151,500.00 First Lien 0 191,900.00 40,400.00 202000 210000 75.00 95.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103654911 AVALON 90704 CA 20070401 20370301 FIXED No 360 360 359 390,000.00 389,611.75 First Lien 0 390,000.00 0.00 - 935,000.00 41.72 41.72 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103654936 (WILMINGTON AREA) LOS ANG 90744 CA 20070401 20370301 ARMS No 360 360 359 220,000.00 220,000.00 First Lien 0 220,000.00 0.00 - 600,000.00 36.67 36.67 No MI NO MI 0 5.375 0.375 0.0325 0.000 0.4075 1103654939 TRABUCO CANYON 92679 CA 20070401 20370301 ARMS No 360 360 359 1,999,900.00 1,999,900.00 First Lien 0 2,399,900.00 400,000.00 3050000 3100000 65.58 78.69 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103654942 BELL GARDENS 90201 CA 20070501 20370401 ARMS No 360 360 360 574,000.00 574,000.00 First Lien 0 680,000.00 106,000.00 - 820,000.00 70.00 82.93 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 1103654944 HESPERIA 92345 CA 20070401 20370301 ARMS No 360 360 359 324,000.00 324,000.00 First Lien 0 324,000.00 0.00 - 405,000.00 80.00 80.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103654960 LONG BEACH 90805 CA 20070401 20370301 ARMS No 360 360 359 398,400.00 398,400.00 First Lien 0 445,900.00 47,500.00 498000 500000 80.00 89.54 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 1103654975 CLAREMONT 91711 CA 20070401 20320301 FIXED No 300 300 299 460,000.00 459,397.60 First Lien 0 610,000.00 150,000.00 - 778,900.00 59.06 78.32 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 1103654979 CORONA 92882 CA 20070501 20370401 FIXED No 360 360 360 535,000.00 535,000.00 First Lien 0 535,000.00 0.00 - 810,000.00 66.05 66.05 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103654980 SYLMAR 91342 CA 20070401 20370301 ARMS No 360 360 359 448,000.00 448,000.00 First Lien 0 560,000.00 112,000.00 560000 560000 80.00 100.00 No MI NO MI 0 6.6250 0.3750 0.0325 0.0000 0.4075 1103654985 LAKEWOOD 90715 CA 20070501 20370401 ARMS No 360 360 360 324,000.00 324,000.00 First Lien 0 405,000.00 81,000.00 405000 408000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103654987 CEDAR 55011 MN 20070401 20370301 ARMS No 360 360 359 184,000.00 184,000.00 First Lien 0 220,000.00 36,000.00 - 230,000.00 80.00 95.66 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103654992 MERCED 95340 CA 20070401 20370301 ARMS No 360 360 359 149,800.00 149,800.00 First Lien 0 203,300.00 53,500.00 214000 250000 70.00 95.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103655013 VISALIA 93291 CA 20070401 20370301 ARMS No 360 360 359 210,000.00 210,000.00 First Lien 0 210,000.00 0.00 - 280,000.00 75.00 75.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103655056 CATHEDRAL CITY 92234 CA 20070401 20370301 FIXED No 360 360 359 270,000.00 270,000.00 First Lien 0 270,000.00 0.00 - 500,000.00 54.00 54.00 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103655063 SCOTTSDALE 85251 AZ 20070401 20370301 ARMS No 360 360 359 494,000.00 494,000.00 First Lien 0 494,000.00 0.00 - 745,000.00 66.31 66.31 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103655080 ARVIN 93203 CA 20070401 20370301 ARMS No 360 360 359 158,400.00 158,270.16 First Lien 0 198,000.00 39,600.00 198000 198000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103655105 SACRAMENTO 95832 CA 20070501 20370401 ARMS No 360 360 360 269,500.00 269,500.00 First Lien 0 385,000.00 115,500.00 - 385,000.00 70.00 100.00 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103655111 BERKELEY 94702 CA 20070401 20370301 ARMS No 360 360 359 525,000.00 525,000.00 First Lien 0 630,000.00 105,000.00 - 700,000.00 75.00 90.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103655133 LOS ANGELES 90042 CA 20070401 20370301 FIXED No 360 360 359 320,000.00 320,000.00 First Lien 0 320,000.00 0.00 - 470,000.00 68.09 68.09 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103655137 HESPERIA 92345 CA 20070401 20370301 ARMS No 360 360 359 280,800.00 280,800.00 First Lien 0 351,000.00 70,200.00 351000 378000 80.00 100.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103655142 MORENO VALLEY 92557 CA 20070501 20370401 FIXED No 360 360 360 214,000.00 214,000.00 First Lien 0 214,000.00 0.00 - 430,000.00 49.77 49.77 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103655143 MONTAGUE 96064 CA 20070501 20370401 FIXED No 360 360 360 126,400.00 126,303.82 First Lien 0 158,000.00 31,600.00 - 158,000.00 80.00 100.00 No MI NO MI 0 7.375 0.250 0.0325 0.000 0.2825 1103655149 ONTARIO 91764 CA 20070401 20370301 ARMS No 360 360 359 296,800.00 296,800.00 First Lien 0 371,000.00 74,200.00 371000 383000 80.00 100.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 1103655159 MADERA 93637 CA 20070401 20370301 FIXED No 360 360 359 160,000.00 159,848.18 First Lien 0 160,000.00 0.00 - 325,000.00 49.24 49.24 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103655161 RIALTO 92376 CA 20070401 20370301 ARMS No 360 360 359 285,600.00 285,600.00 First Lien 0 357,000.00 71,400.00 357000 357000 80.00 100.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103655170 LONG BEACH 90813 CA 20070401 20370301 FIXED No 360 360 359 395,000.00 395,000.00 First Lien 0 395,000.00 0.00 - 535,000.00 73.84 73.84 No MI NO MI 0 7.125 0.250 0.0325 0.000 0.2825 1103655209 NAPLES 34104 FL 20070401 20370301 ARMS No 360 360 359 164,400.00 164,400.00 First Lien 0 205,500.00 41,100.00 205500 230000 80.00 100.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 1103655274 LANCASTER 93536 CA 20070401 20370301 ARMS No 360 360 359 432,800.00 432,800.00 First Lien 0 432,800.00 0.00 - 550,000.00 78.70 78.70 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103655312 RIVERSIDE 92505 CA 20070401 20370301 ARMS No 360 360 359 320,000.00 320,000.00 First Lien 0 360,000.00 40,000.00 - 400,000.00 80.00 90.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103655330 DENVER 80219 CO 20070401 20370301 FIXED No 360 360 359 141,750.00 141,750.00 First Lien 0 141,750.00 0.00 - 157,500.00 90.00 90.00 PMI BPMI 25 6.250 0.250 0.0325 0.000 0.2825 1103655336 FOLLY BEACH 29439 SC 20070401 20370301 FIXED No 360 360 359 113,500.00 113,500.00 First Lien 0 113,500.00 0.00 - 435,000.00 26.10 26.10 No MI NO MI 0 7.900 0.250 0.0325 0.000 0.2825 1103655338 SALEM 97305 OR 20070401 20370301 FIXED No 360 360 359 152,000.00 151,852.41 First Lien 0 152,000.00 0.00 - 230,000.00 66.09 66.09 No MI NO MI 0 6.130 0.250 0.0325 0.000 0.2825 1103655346 SAN RAMON 94583 CA 20070401 20370301 ARMS No 360 360 359 300,000.00 300,000.00 First Lien 0 300,000.00 0.00 - 650,000.00 46.16 46.16 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103655353 BAKERSFIELD 93313 CA 20070401 20370301 ARMS No 360 360 359 218,200.00 218,200.00 First Lien 0 259,100.00 40,900.00 272810 273000 79.99 94.98 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103655373 MONTCLAIR 91763 CA 20070501 20370301 FIXED Yes 360 480 360 263,500.00 263,500.00 First Lien 0 263,500.00 0.00 - 465,000.00 56.67 56.67 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103655379 RIALTO 92376 CA 20070401 20370301 ARMS No 360 360 359 253,600.00 253,600.00 First Lien 0 317,000.00 63,400.00 317000 317000 80.00 100.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103655390 GLENDALE 91208 CA 20070501 20370401 FIXED No 360 360 360 525,000.00 525,000.00 First Lien 0 525,000.00 0.00 - 1,300,000.00 40.39 40.39 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103655392 SARASOTA 34242 FL 20070501 20370401 ARMS No 360 360 360 973,000.00 973,000.00 First Lien 0 973,000.00 0.00 - 1,900,000.00 51.22 51.22 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103655427 MURRIETA 92563 CA 20070501 20370401 FIXED No 360 360 360 364,000.00 364,000.00 First Lien 0 464,000.00 100,000.00 - 525,000.00 69.34 88.39 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103655438 OAK HILLS 92344 CA 20070501 20370401 FIXED No 360 360 360 250,000.00 250,000.00 First Lien 0 250,000.00 0.00 - 375,000.00 66.67 66.67 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103655456 LAGUNA BEACH 92677 CA 20070401 20370301 ARMS No 360 360 359 200,000.00 200,000.00 First Lien 0 200,000.00 0.00 - 825,000.00 24.25 24.25 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103655471 PLANTATION 33317 FL 20070501 20370401 ARMS No 360 360 360 384,000.00 384,000.00 First Lien 0 384,000.00 0.00 - 480,000.00 80.00 80.00 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103655477 LAKE WORTH 33463 FL 20070401 20370401 ARMS Yes 360 480 359 204,800.00 204,732.27 First Lien 0 243,200.00 38,400.00 256000 287000 80.00 95.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103655478 SAN JOSE 95129 CA 20070501 20370401 ARMS No 360 360 360 607,750.00 607,750.00 First Lien 0 607,750.00 0.00 - 935,000.00 65.00 65.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103655514 MCKINLEYVILLE 95519 CA 20070401 20370301 ARMS No 360 360 359 212,000.00 212,000.00 First Lien 0 212,000.00 0.00 - 265,000.00 80.00 80.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103655517 SAN JOSE 95125 CA 20070501 20370401 FIXED No 360 360 360 528,000.00 527,499.01 First Lien 0 528,000.00 0.00 - 1,050,000.00 50.29 50.29 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103655520 DANVILLE 94526 CA 20070401 20370301 FIXED No 360 360 359 650,000.00 650,000.00 First Lien 0 650,000.00 0.00 1102500 1110000 58.96 58.96 No MI NO MI 0 6.2500 0.2500 0.0325 0.0000 0.2825 1103655533 PEORIA 85383 AZ 20070501 20370401 ARMS No 360 360 360 500,000.00 500,000.00 First Lien 0 593,750.00 93,750.00 - 625,000.00 80.00 95.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103655534 GLENDALE 91206 CA 20070501 20370401 FIXED No 360 360 360 476,000.00 476,000.00 First Lien 0 476,000.00 0.00 - 815,000.00 58.41 58.41 No MI NO MI 0 5.990 0.250 0.0325 0.000 0.2825 1103655535 SANTA CLARITA 91351 CA 20070401 20370301 FIXED No 360 360 359 318,500.00 318,500.00 First Lien 0 318,500.00 0.00 - 460,000.00 69.24 69.24 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103655556 HUNTINGTON PARK 90255 CA 20070501 20370401 FIXED No 360 360 360 409,500.00 409,500.00 First Lien 0 409,500.00 0.00 - 585,000.00 70.00 70.00 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103655563 PICO RIVERA 90660 CA 20070401 20370301 ARMS No 360 360 359 385,000.00 385,000.00 First Lien 0 385,000.00 0.00 - 530,000.00 72.65 72.65 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103655568 FAIR OAKS 95628 CA 20070501 20370401 FIXED No 360 360 360 498,000.00 498,000.00 First Lien 0 498,000.00 0.00 - 755,000.00 65.97 65.97 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103655580 SALINAS 93906 CA 20070501 20370401 ARMS No 360 360 360 495,000.00 495,000.00 First Lien 0 495,000.00 0.00 - 940,000.00 52.66 52.66 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103655594 DUBLIN 94568 CA 20070501 20370401 FIXED No 360 360 360 500,000.00 500,000.00 First Lien 0 500,000.00 0.00 914105 900000 55.56 55.56 No MI NO MI 0 6.0000 0.2500 0.0325 0.0000 0.2825 1103655600 KIRKLAND 98033 WA 20070401 20370301 ARMS No 360 360 359 980,000.00 980,000.00 First Lien 0 980,000.00 0.00 1400000 1400000 70.00 70.00 No MI NO MI 0 5.7500 0.3750 0.0325 0.0000 0.4075 1103655601 MIAMI 33161 FL 20070401 20370301 ARMS No 360 360 359 126,400.00 126,400.00 First Lien 0 158,000.00 31,600.00 158000 162000 80.00 100.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103655612 ATWATER 95301 CA 20070601 20370501 FIXED No 360 360 360 280,000.00 280,000.00 First Lien 0 280,000.00 0.00 - 420,000.00 66.67 66.67 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103655619 LONG BEACH 90807 CA 20070401 20370301 ARMS No 360 360 359 497,000.00 497,000.00 First Lien 0 639,000.00 142,000.00 710000 730000 70.00 90.00 No MI NO MI 0 5.7500 0.3750 0.0325 0.0000 0.4075 1103655632 HILLSBOROUGH 08844 NJ 20070401 20370301 ARMS No 360 360 359 286,800.00 286,587.15 First Lien 0 340,575.00 53,775.00 358600 360000 79.98 94.98 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103655644 COLTON 92324 CA 20070401 20370301 ARMS No 360 360 359 312,000.00 312,000.00 First Lien 0 312,000.00 0.00 - 400,000.00 78.00 78.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103655652 PLAYA DEL REY 90293 CA 20070501 20370401 ARMS No 360 360 360 898,000.00 898,000.00 First Lien 0 898,000.00 0.00 - 1,235,000.00 72.72 72.72 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103655655 ESCONDIDO 92026 CA 20070501 20370401 FIXED No 360 360 360 420,000.00 420,000.00 First Lien 0 420,000.00 0.00 - 525,000.00 80.00 80.00 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 1103655658 ONTARIO 91761 CA 20070401 20370301 ARMS No 360 360 359 337,500.00 337,500.00 First Lien 0 337,500.00 0.00 - 450,000.00 75.00 75.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103655669 ORLANDO 32808 FL 20070501 20370301 ARMS Yes 360 480 360 100,200.00 100,200.00 First Lien 0 100,200.00 0.00 - 167,000.00 60.00 60.00 No MI NO MI 0 7.550 0.375 0.0325 0.000 0.4075 1103655672 SCOTTSDALE 85255 AZ 20070401 20220401 FIXED Yes 180 360 179 211,300.00 211,264.76 Second Lien 1000000 1,211,300.00 0.00 1345930 1925000 90.00 90.00 No MI NO MI 0 14.3800 0.5000 0.0325 0.0000 0.5325 1103655683 LAKEWOOD 98499 WA 20070401 20370301 ARMS No 360 360 359 354,150.00 354,150.00 First Lien 0 354,150.00 0.00 393500 393500 90.00 90.00 PMI LPMI 25 10.5000 0.3750 0.0325 0.8200 1.2275 1103655684 MODESTO 95351 CA 20070301 20220401 FIXED Yes 180 360 178 52,500.00 52,482.86 Second Lien 262500 315,000.00 0.00 - 350,000.00 90.00 90.00 No MI NO MI 0 14.500 0.500 0.0325 0.000 0.5325 1103655692 HONOLULU 96816 HI 20070401 20370301 ARMS No 360 360 359 1,949,200.00 1,949,200.00 First Lien 0 2,300,000.00 350,800.00 - 2,998,800.00 65.00 76.70 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103655694 INDIO 92201 CA 20070401 20370301 ARMS No 360 360 359 225,600.00 225,600.00 First Lien 0 225,600.00 0.00 - 282,000.00 80.00 80.00 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103655695 LONG BEACH 90805 CA 20070401 20370301 ARMS No 360 360 359 506,250.00 506,250.00 First Lien 0 506,250.00 0.00 675000 675000 75.00 75.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 1103655700 MANTECA 95336 CA 20070501 20370401 ARMS No 360 360 360 332,500.00 332,500.00 First Lien 0 411,500.00 79,000.00 - 485,000.00 68.56 84.85 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103655702 LAKELAND 33813 FL 20070501 20370401 ARMS No 360 360 360 195,000.00 195,000.00 First Lien 0 195,000.00 0.00 - 260,000.00 75.00 75.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103655708 INDIO 92203 CA 20070501 20370401 FIXED No 360 360 360 271,000.00 271,000.00 First Lien 0 271,000.00 0.00 - 570,000.00 47.55 47.55 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103655719 FONTANA 92336 CA 20070401 20370301 FIXED No 360 360 359 470,700.00 470,700.00 First Lien 0 470,700.00 0.00 - 644,000.00 73.09 73.09 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103655727 SAN CLEMENTE 92672 CA 20070501 20370401 ARMS No 360 360 360 900,000.00 900,000.00 First Lien 0 900,000.00 0.00 - 1,400,000.00 64.29 64.29 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103655738 PHOENIX 85028 AZ 20070401 20370301 ARMS No 360 360 359 472,000.00 472,000.00 First Lien 0 472,000.00 0.00 - 1,200,000.00 39.34 39.34 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103655748 DAMASCUS 20872 MD 20070401 20370301 FIXED No 360 360 359 500,000.00 499,465.47 First Lien 0 500,000.00 0.00 - 1,320,000.00 37.88 37.88 No MI NO MI 0 5.625 0.250 0.0325 0.000 0.2825 1103655751 SANTA ANA 92704 CA 20070401 20370301 ARMS No 360 360 359 382,500.00 382,500.00 First Lien 0 510,000.00 127,500.00 510000 548000 75.00 100.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103655755 WINTER HAVEN 33881 FL 20070501 20370401 ARMS No 360 360 360 127,500.00 127,500.00 First Lien 0 127,500.00 0.00 - 170,000.00 75.00 75.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103655776 LOS ANGELES 90033 CA 20070501 20370401 ARMS No 360 360 360 300,000.00 300,000.00 First Lien 0 300,000.00 0.00 - 700,000.00 42.86 42.86 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103655782 PLAYA DEL REY AREA 90293 CA 20070401 20370301 FIXED No 360 360 359 566,500.00 566,500.00 First Lien 0 566,500.00 0.00 - 2,020,000.00 28.05 28.05 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103655792 NAPA 94558 CA 20070401 20370301 FIXED No 360 360 359 716,000.00 716,000.00 First Lien 0 895,000.00 179,000.00 - 895,000.00 80.00 100.00 No MI NO MI 0 7.375 0.250 0.0325 0.000 0.2825 1103655794 CANYON COUNTRY 91387 CA 20070401 20370301 FIXED No 360 360 359 590,400.00 589,826.17 First Lien 0 590,400.00 0.00 738000 740000 80.00 80.00 No MI NO MI 0 6.1250 0.2500 0.0325 0.0000 0.2825 1103655803 EL CAJON 92019 CA 20070401 20370301 ARMS No 360 360 359 695,000.00 695,000.00 First Lien 0 695,000.00 0.00 - 900,000.00 77.23 77.23 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103655826 SIMI VALLEY 93063 CA 20070501 20370401 FIXED No 360 360 360 566,000.00 565,394.91 First Lien 0 566,000.00 0.00 - 1,050,000.00 53.91 53.91 No MI NO MI 0 5.625 0.250 0.0325 0.000 0.2825 1103655827 RANCHO CUCAMONGA 91739 CA 20070501 20370401 ARMS No 360 360 360 954,550.00 954,550.00 First Lien 0 1,037,800.00 83,250.00 - 1,280,000.00 74.58 81.08 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103655833 ORLANDO 32836 FL 20070501 20370401 ARMS No 360 360 360 1,125,000.00 1,125,000.00 First Lien 0 1,350,000.00 225,000.00 - 1,500,000.00 75.00 90.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103655874 CHUALAR 93925 CA 20070501 20370401 FIXED No 360 360 360 302,500.00 302,500.00 First Lien 0 302,500.00 0.00 - 1,200,000.00 25.21 25.21 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103655891 KISSIMMEE 34743 FL 20070501 20370401 FIXED No 360 360 360 220,000.00 220,000.00 First Lien 0 220,000.00 0.00 - 275,000.00 80.00 80.00 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103655895 CORONA 92882 CA 20070401 20370301 ARMS No 360 360 359 520,000.00 520,000.00 First Lien 0 650,000.00 130,000.00 650000 720000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103655913 TAMPA 33612 FL 20070401 20370301 ARMS No 360 360 359 142,200.00 142,145.30 First Lien 0 142,200.00 0.00 - 158,000.00 90.00 90.00 PMI LPMI 25 10.650 0.375 0.0325 0.970 1.3775 1103655918 GARDENA 90249 CA 20070401 20370301 ARMS No 360 360 359 390,000.00 390,000.00 First Lien 0 520,000.00 130,000.00 520000 525000 75.00 100.00 No MI NO MI 0 5.6250 0.3750 0.0325 0.0000 0.4075 1103655925 AUSTIN 81410 CO 20070501 20370401 FIXED No 360 360 360 212,500.00 212,500.00 First Lien 0 212,500.00 0.00 - 363,000.00 58.54 58.54 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103655928 ALTADENA 91001 CA 20070501 20370401 ARMS No 360 360 360 638,000.00 638,000.00 First Lien 0 638,000.00 0.00 - 875,000.00 72.92 72.92 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 1103655932 JACKSONVILLE 32246 FL 20070401 20370301 ARMS No 360 360 359 246,000.00 246,000.00 First Lien 0 292,125.00 46,125.00 307500 322000 80.00 95.00 No MI NO MI 0 5.5000 0.3750 0.0325 0.0000 0.4075 1103655939 SAN FRANCISCO 94112 CA 20070401 20370301 ARMS No 360 360 359 437,500.00 437,500.00 First Lien 0 437,500.00 0.00 - 625,000.00 70.00 70.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103655950 SACRAMENTO 95820 CA 20070501 20370401 ARMS No 360 360 360 224,000.00 224,000.00 First Lien 0 224,000.00 0.00 - 280,000.00 80.00 80.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103655959 SOUTH GATE 90280 CA 20070401 20370301 ARMS No 360 360 359 472,500.00 472,500.00 First Lien 0 567,000.00 94,500.00 - 630,000.00 75.00 90.00 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103655978 TUSTIN 92780 CA 20070501 20370401 ARMS No 360 360 360 250,000.00 250,000.00 First Lien 0 250,000.00 0.00 - 400,000.00 62.50 62.50 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103656001 LA QUINTA 92253 CA 20070501 20370401 ARMS No 360 360 360 265,000.00 265,000.00 First Lien 0 265,000.00 0.00 - 387,000.00 68.48 68.48 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103656015 UPLAND 91786 CA 20070401 20370301 ARMS No 360 360 359 195,000.00 194,801.19 First Lien 0 195,000.00 0.00 260000 270000 75.00 75.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103656038 CLOVIS 93611 CA 20070501 20370401 ARMS No 360 360 360 364,000.00 364,000.00 First Lien 0 432,000.00 68,000.00 455000 500000 80.00 94.95 No MI NO MI 0 8.7500 0.3750 0.0325 0.0000 0.4075 1103656048 LANTANA 76226 TX 20070401 20370301 ARMS No 360 360 359 290,500.00 290,500.00 First Lien 0 394,200.00 103,700.00 415000 415000 70.00 94.99 No MI NO MI 0 5.7500 0.3750 0.0325 0.0000 0.4075 1103656056 PETALUMA 94954 CA 20070501 20370401 ARMS No 360 360 360 290,000.00 290,000.00 First Lien 0 290,000.00 0.00 - 570,000.00 50.88 50.88 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103656076 ESTES PARK 80517 CO 20070501 20370401 ARMS No 360 360 360 118,300.00 118,300.00 First Lien 0 118,300.00 0.00 - 169,000.00 70.00 70.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103656103 SAN DIEGO 92110 CA 20070401 20370301 ARMS No 360 360 359 175,000.00 175,000.00 First Lien 0 175,000.00 0.00 - 520,000.00 33.66 33.66 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103656108 DOWNEY 90240 CA 20070501 20370401 ARMS No 360 360 360 484,000.00 484,000.00 First Lien 0 605,000.00 121,000.00 605000 630000 80.00 100.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103656109 KISSIMMEE 34741 FL 20070401 20370301 ARMS No 360 360 359 223,000.00 223,000.00 First Lien 0 223,000.00 0.00 - 279,000.00 79.93 79.93 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103656134 WHITE PLAINS 10607 NY 20061201 20361101 FIXED No 360 360 355 392,000.00 392,000.00 First Lien 0 441,000.00 49,000.00 - 490,000.00 80.00 90.00 No MI NO MI 0 8.125 0.250 0.0325 0.000 0.2825 1103656140 BROOKLYN 11215 NY 20070101 20361201 FIXED No 360 360 356 700,000.00 697,568.82 First Lien 0 1,100,000.00 400,000.00 - 1,400,000.00 50.00 78.58 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103656141 LAKEWOOD 08701 NJ 20070101 20361201 FIXED No 360 360 356 416,000.00 414,589.99 First Lien 0 494,000.00 78,000.00 520000 525000 80.00 95.00 No MI NO MI 0 6.8750 0.2500 0.0325 0.0000 0.2825 1103656142 PATERSON 07503 NJ 20070101 20361201 FIXED No 360 360 356 361,600.00 360,431.15 First Lien 0 452,000.00 90,400.00 452000 460000 80.00 100.00 No MI NO MI 0 7.1250 0.2500 0.0325 0.0000 0.2825 1103656145 BROOKLYN 11215 NY 20061201 20361101 FIXED No 360 360 355 850,000.00 846,299.44 First Lien 0 850,000.00 0.00 - 1,300,000.00 65.39 65.39 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103656146 KEENE 03431 NH 20070101 20361201 FIXED No 360 360 356 116,000.00 115,454.72 First Lien 0 130,094.00 14,094.00 145000 148000 80.00 89.72 No MI NO MI 0 6.2500 0.2500 0.0325 0.0000 0.2825 1103656164 TUSTIN 92782 CA 20070401 20370301 ARMS No 360 360 359 255,000.00 255,000.00 First Lien 0 255,000.00 0.00 - 340,000.00 75.00 75.00 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103656181 CHEHALIS 98532 WA 20070501 20370401 ARMS No 360 360 360 204,000.00 204,000.00 First Lien 0 242,250.00 38,250.00 255000 255000 80.00 95.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103656207 OCALA 34474 FL 20070501 20370401 FIXED No 360 360 360 232,500.00 232,500.00 First Lien 0 232,500.00 0.00 - 265,000.00 87.74 87.74 PMI LPMI 25 6.290 0.250 0.0325 0.460 0.7425 1103656229 TUALATIN 97062 OR 20070501 20370401 FIXED No 360 360 360 345,400.00 345,400.00 First Lien 0 345,400.00 0.00 - 930,000.00 37.14 37.14 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103656234 COMPTON 90221 CA 20070401 20370301 ARMS No 360 360 359 321,600.00 321,600.00 First Lien 0 402,000.00 80,400.00 402000 410000 80.00 100.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103656238 FILLMORE 93015 CA 20070401 20370301 ARMS No 360 360 359 200,000.00 200,000.00 First Lien 0 200,000.00 0.00 - 505,000.00 39.61 39.61 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103656247 VISTA 92084 CA 20070401 20370301 ARMS No 360 360 359 540,000.00 540,000.00 First Lien 0 540,000.00 0.00 - 790,000.00 68.36 68.36 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103656250 MIRAMAR 33025 FL 20070501 20370401 ARMS No 360 360 360 240,000.00 240,000.00 First Lien 0 300,000.00 60,000.00 - 300,000.00 80.00 100.00 No MI NO MI 0 6.800 0.375 0.0325 0.000 0.4075 1103656255 CARSON 90745 CA 20070401 20370301 ARMS No 360 360 359 431,200.00 431,200.00 First Lien 0 539,000.00 107,800.00 539000 540000 80.00 100.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103656270 CARSON 90746 CA 20070401 20370301 ARMS No 360 360 359 405,500.00 405,500.00 First Lien 0 405,500.00 0.00 - 595,000.00 68.16 68.16 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103656280 ALISO VIEJO 92656 CA 20070501 20370401 FIXED No 360 360 360 440,000.00 440,000.00 First Lien 0 440,000.00 0.00 - 825,000.00 53.34 53.34 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103656297 COLTON 92324 CA 20070401 20370301 ARMS No 360 360 359 325,000.00 325,000.00 First Lien 0 325,000.00 0.00 - 415,000.00 78.32 78.32 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103656341 WOODINVILLE 98072 WA 20070401 20370301 ARMS No 360 360 359 342,000.00 342,000.00 First Lien 0 342,000.00 0.00 - 530,000.00 64.53 64.53 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103656391 OAKDALE 95361 CA 20070501 20370401 ARMS No 360 360 360 201,600.00 201,600.00 First Lien 0 273,600.00 72,000.00 288000 295000 70.00 95.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103656405 MILPITAS 95035 CA 20070501 20370401 ARMS Yes 360 480 360 355,000.00 355,000.00 First Lien 0 355,000.00 0.00 - 705,000.00 50.36 50.36 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103656415 LA JOLLA 92037 CA 20070501 20370401 ARMS No 360 360 360 468,000.00 468,000.00 First Lien 0 585,000.00 117,000.00 585000 585000 80.00 100.00 No MI NO MI 0 6.1250 0.3750 0.0325 0.0000 0.4075 1103656427 RODEO 94547 CA 20070501 20370401 ARMS No 360 360 360 455,000.00 455,000.00 First Lien 0 455,000.00 0.00 - 610,000.00 74.60 74.60 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103656430 LA CRESCENTA 91214 CA 20070501 20370401 ARMS No 360 360 360 488,000.00 488,000.00 First Lien 0 488,000.00 0.00 - 945,000.00 51.65 51.65 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103656441 MORENO VALLEY 92555 CA 20070501 20370401 ARMS No 360 360 360 344,000.00 344,000.00 First Lien 0 344,000.00 0.00 - 430,000.00 80.00 80.00 No MI NO MI 0 5.650 0.375 0.0325 0.000 0.4075 1103656442 OGDEN 84401 UT 20070501 20370401 ARMS No 360 360 360 75,000.00 75,000.00 First Lien 0 90,000.00 15,000.00 100000 100000 75.00 90.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103656446 FORT MYERS 33912 FL 20070401 20370301 ARMS No 360 360 359 202,500.00 202,500.00 First Lien 0 202,500.00 0.00 - 233,000.00 86.91 86.91 PMI BPMI 25 6.250 0.375 0.0325 0.000 0.4075 1103656467 LONG BEACH 90814 CA 20070501 20370401 ARMS No 360 360 360 616,000.00 616,000.00 First Lien 0 616,000.00 0.00 - 900,000.00 68.45 68.45 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103656469 SANTA BARBARA 93110 CA 20070401 20370301 ARMS No 360 360 359 687,000.00 687,000.00 First Lien 0 687,000.00 0.00 - 1,000,000.00 68.70 68.70 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103656471 NORTHGLENN 80234 CO 20070401 20370301 FIXED No 360 360 359 167,200.00 167,048.85 First Lien 0 209,000.00 41,800.00 209000 215000 80.00 100.00 No MI NO MI 0 6.5000 0.2500 0.0325 0.0000 0.2825 1103656473 TORRANCE 90503 CA 20070401 20370301 ARMS No 360 360 359 520,000.00 520,000.00 First Lien 0 520,000.00 0.00 - 775,000.00 67.10 67.10 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103656485 SEATTLE 98168 WA 20070501 20370401 ARMS No 360 360 360 259,200.00 259,200.00 First Lien 0 259,200.00 0.00 324000 340000 80.00 80.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103656490 SACRAMENTO 95828 CA 20070501 20370401 ARMS No 360 360 360 301,500.00 301,500.00 First Lien 0 301,500.00 0.00 - 335,000.00 90.00 90.00 PMI LPMI 25 7.625 0.375 0.0325 1.410 1.8175 1103656520 LAGUNA HILLS 92653 CA 20070401 20370301 ARMS No 360 360 359 485,000.00 485,000.00 First Lien 0 485,000.00 0.00 - 820,000.00 59.15 59.15 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103656534 CHULA VISTA 91915 CA 20070401 20370301 ARMS No 360 360 359 450,000.00 450,000.00 First Lien 0 570,000.00 120,000.00 - 600,000.00 75.00 95.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103656544 MCCLELLANVILLE 29458 SC 20070401 20370301 ARMS No 360 360 359 130,000.00 130,000.00 First Lien 0 130,000.00 0.00 - 351,500.00 36.99 36.99 No MI NO MI 0 5.440 0.375 0.0325 0.000 0.4075 1103656547 PHOENIX 85051 AZ 20070401 20370301 ARMS No 360 360 359 182,700.00 182,583.50 First Lien 0 182,700.00 0.00 - 203,000.00 90.00 90.00 PMI LPMI 25 8.250 0.375 0.0325 0.570 0.9775 1103656568 ALTA LOMA 91701 CA 20070401 20220301 FIXED No 180 180 179 650,000.00 647,643.43 First Lien 0 650,000.00 0.00 - 860,000.00 75.59 75.59 No MI NO MI 0 5.375 0.250 0.0325 0.000 0.2825 1103656569 SAN DIEGO 92154 CA 20070501 20370401 ARMS No 360 360 360 417,000.00 417,000.00 First Lien 0 554,000.00 137,000.00 - 560,000.00 74.47 98.93 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103656570 PEYTON 80831 CO 20070501 20370401 FIXED No 360 360 360 299,200.00 299,200.00 First Lien 0 370,000.00 70,800.00 - 374,000.00 80.00 98.94 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103656572 VISTA 92084 CA 20070501 20370401 ARMS No 360 360 360 366,700.00 366,700.00 First Lien 0 489,000.00 122,300.00 489000 502000 74.99 100.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103656583 LONG BEACH 90815 CA 20070401 20370301 ARMS No 360 360 359 424,900.00 424,900.00 First Lien 0 607,000.00 182,100.00 - 607,000.00 70.00 100.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103656594 LAKEWOOD 90716 CA 20070501 20370401 ARMS No 360 360 360 484,000.00 484,000.00 First Lien 0 544,500.00 60,500.00 - 605,000.00 80.00 90.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103656613 SALINAS 93905 CA 20070401 20370301 ARMS No 360 360 359 398,000.00 398,000.00 First Lien 0 398,000.00 0.00 - 500,000.00 79.60 79.60 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103656618 PASCO 99301 WA 20070501 20370401 ARMS No 360 360 360 129,500.00 129,500.00 First Lien 0 175,750.00 46,250.00 - 185,000.00 70.00 95.00 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103656623 ROSAMOND 93560 CA 20070501 20370401 ARMS No 360 360 360 153,000.00 153,000.00 First Lien 0 153,000.00 0.00 170000 205000 90.00 90.00 PMI LPMI 25 9.0000 0.3750 0.0325 0.7200 1.1275 1103656626 IMPERIAL 92251 CA 20070401 20370301 ARMS No 360 360 359 150,000.00 149,864.40 First Lien 0 150,000.00 0.00 - 215,000.00 69.77 69.77 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103656631 LONG BEACH 90805 CA 20070501 20370401 ARMS No 360 360 360 285,000.00 285,000.00 First Lien 0 285,000.00 0.00 - 475,000.00 60.00 60.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103656646 FRESNO 93703 CA 20070501 20370401 ARMS No 360 360 360 185,500.00 185,500.00 First Lien 0 238,500.00 53,000.00 265000 265000 70.00 90.00 No MI NO MI 0 6.9900 0.3750 0.0325 0.0000 0.4075 1103656655 CORONA 92882 CA 20070401 20370301 ARMS No 360 360 359 298,000.00 298,000.00 First Lien 0 298,000.00 0.00 - 490,000.00 60.82 60.82 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103656679 CHICAGO 60621 IL 20070401 20370301 ARMS No 360 360 359 243,750.00 243,750.00 First Lien 0 308,750.00 65,000.00 325000 325000 75.00 95.00 No MI NO MI 0 8.1250 0.3750 0.0325 0.0000 0.4075 1103656681 HIGHLAND 92346 CA 20070501 20370401 FIXED No 360 360 360 412,000.00 412,000.00 First Lien 0 412,000.00 0.00 - 516,000.00 79.85 79.85 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103656695 VICTORVILLE 92392 CA 20070501 20370401 FIXED No 360 360 360 227,500.00 227,500.00 First Lien 0 227,500.00 0.00 - 325,000.00 70.00 70.00 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 1103656739 TAMARAC 33321 FL 20070501 20370401 ARMS No 360 360 360 220,000.00 220,000.00 First Lien 0 275,000.00 55,000.00 275000 275000 80.00 100.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103656742 LADSON 29456 SC 20070401 20370301 FIXED No 360 360 359 72,800.00 72,749.90 First Lien 0 86,450.00 13,650.00 91000 95000 80.00 95.00 No MI NO MI 0 7.8750 0.2500 0.0325 0.0000 0.2825 1103656750 BUENA PARK 90621 CA 20070401 20370301 ARMS No 360 360 359 687,000.00 687,000.00 First Lien 0 687,000.00 0.00 - 1,021,000.00 67.29 67.29 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103656761 TEMECULA 92591 CA 20070401 20370301 ARMS No 360 360 359 535,000.00 535,000.00 First Lien 0 535,000.00 0.00 - 910,000.00 58.80 58.80 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103656788 CONROE 77303 TX 20070501 20370401 FIXED No 360 360 360 90,000.00 90,000.00 First Lien 0 90,000.00 0.00 - 115,000.00 78.27 78.27 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103656798 FORT LAUDERDALE 33334 FL 20070501 20370401 ARMS No 360 360 360 116,150.00 116,150.00 First Lien 0 139,350.00 23,200.00 154900 155000 74.99 89.97 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103656804 LA PUENTE 91744 CA 20070501 20370401 ARMS No 360 360 360 360,000.00 360,000.00 First Lien 0 405,000.00 45,000.00 - 450,000.00 80.00 90.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103656807 TACOMA 98443 WA 20070401 20370301 FIXED No 360 360 359 640,000.00 640,000.00 First Lien 0 748,000.00 108,000.00 - 815,000.00 78.53 91.78 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 1103656818 MORGAN HILL 95037 CA 20070301 20370201 FIXED No 360 360 358 649,000.00 649,000.00 First Lien 0 649,000.00 0.00 - 1,650,000.00 39.34 39.34 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 1103656819 ANAHEIM 92806 CA 20070301 20370201 FIXED No 360 360 358 300,000.00 299,415.35 First Lien 0 300,000.00 0.00 - 615,000.00 48.79 48.79 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103656820 SANTA MARIA 93454 CA 20070301 20370201 FIXED No 360 360 358 466,050.00 465,097.36 First Lien 0 466,050.00 0.00 582620 583000 80.00 80.00 No MI NO MI 0 5.8750 0.2500 0.0325 0.0000 0.2825 1103656821 GARDEN GROVE 92840 CA 20070301 20220201 FIXED No 180 180 178 495,000.00 491,587.31 First Lien 0 495,000.00 0.00 - 770,000.00 64.29 64.29 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103656822 SANTA MARIA 93454 CA 20070301 20370201 FIXED No 360 360 358 464,600.00 463,627.53 First Lien 0 464,600.00 0.00 580750 581000 80.00 80.00 No MI NO MI 0 5.7500 0.2500 0.0325 0.0000 0.2825 1103656823 MONTEREY PARK 91754 CA 20070301 20370201 FIXED No 360 360 358 435,000.00 434,956.25 First Lien 0 435,000.00 0.00 585000 600000 74.36 74.36 No MI NO MI 0 6.5000 0.2500 0.0325 0.0000 0.2825 1103656824 BROOMFIELD 80020 CO 20070301 20370201 FIXED No 360 360 358 248,000.00 248,000.00 First Lien 0 248,000.00 0.00 - 310,000.00 80.00 80.00 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103656825 MOUNTAIN CENTER (AREA) 92561 CA 20070301 20370201 FIXED No 360 360 358 227,250.00 227,250.00 First Lien 0 227,250.00 0.00 252500 258000 90.00 90.00 PMI BPMI 25 6.3750 0.2500 0.0325 0.0000 0.2825 1103656828 COLORADO SPRINGS 80919 CO 20070301 20370201 FIXED No 360 360 358 574,000.00 572,959.39 First Lien 0 717,500.00 143,500.00 717500 720000 80.00 100.00 No MI NO MI 0 6.5000 0.2500 0.0325 0.0000 0.2825 1103656829 SANTA BARBARA 93109 CA 20070301 20370201 FIXED No 360 360 358 650,000.00 648,763.30 First Lien 0 780,000.00 130,000.00 - 1,275,000.00 50.99 61.18 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103656830 SYLMAR 91342 CA 20070301 20370201 FIXED No 360 360 358 266,250.00 265,743.42 First Lien 0 266,250.00 0.00 - 355,000.00 75.00 75.00 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103656831 FOUNTAIN VALLEY 92708 CA 20070301 20370201 FIXED No 360 360 358 434,000.00 433,174.27 First Lien 0 434,000.00 0.00 620000 650000 70.00 70.00 No MI NO MI 0 6.2500 0.2500 0.0325 0.0000 0.2825 1103656832 WESTMINSTER 92683 CA 20070301 20370201 FIXED No 360 360 358 431,250.00 430,429.49 First Lien 0 431,250.00 0.00 575000 600000 75.00 75.00 No MI NO MI 0 6.2500 0.2500 0.0325 0.0000 0.2825 1103656833 WESTMINSTER 92683 CA 20070301 20370201 FIXED No 360 360 358 512,000.00 511,049.06 First Lien 0 512,000.00 0.00 - 650,000.00 78.77 78.77 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103656836 CHINO 91710 CA 20070301 20370201 FIXED No 360 360 358 470,000.00 470,000.00 First Lien 0 720,000.00 250,000.00 - 800,000.00 58.75 90.00 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103656837 DINUBA 93618 CA 20070301 20370201 FIXED No 360 360 358 180,000.00 179,665.67 First Lien 0 180,000.00 0.00 - 225,000.00 80.00 80.00 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103656838 OAKDALE 95361 CA 20070301 20370201 FIXED No 360 360 358 284,000.00 283,459.65 First Lien 0 284,000.00 0.00 524000 524000 54.20 54.20 No MI NO MI 0 6.2500 0.2500 0.0325 0.0000 0.2825 1103656839 SANTA CRUZ 95060 CA 20070301 20370201 FIXED No 360 360 358 558,000.00 558,000.00 First Lien 0 617,585.00 59,585.00 - 850,000.00 65.65 72.66 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103656840 CORONA 92882 CA 20070301 20370201 FIXED No 360 360 358 600,000.00 598,988.97 First Lien 0 672,865.00 72,865.00 - 950,000.00 63.16 70.83 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 1103656841 GILBERT 85296 AZ 20070301 20370201 FIXED No 360 360 358 250,000.00 249,512.78 First Lien 0 250,000.00 0.00 - 319,000.00 78.37 78.37 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103656842 WESTMINSTER 92683 CA 20070301 20370201 FIXED No 360 360 358 520,000.00 519,102.06 First Lien 0 520,000.00 0.00 - 650,000.00 80.00 80.00 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103656843 HANFORD 93230 CA 20070301 20370201 FIXED No 360 360 358 559,000.00 557,936.44 First Lien 0 559,000.00 0.00 - 716,000.00 78.08 78.08 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103656844 WESTMINSTER 92683 CA 20070301 20370201 FIXED No 360 360 358 470,000.00 470,000.00 First Lien 0 500,000.00 30,000.00 - 595,000.00 79.00 84.04 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103656845 NIPOMO 93444 CA 20070301 20370201 FIXED No 360 360 358 720,000.00 718,630.12 First Lien 0 720,000.00 0.00 900000 900000 80.00 80.00 No MI NO MI 0 6.2500 0.2500 0.0325 0.0000 0.2825 1103656860 LAKEWOOD 90712 CA 20070401 20370301 FIXED No 360 360 359 431,000.00 430,600.81 First Lien 0 431,000.00 0.00 - 575,000.00 74.96 74.96 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103656867 DEMOREST 30535 GA 20070301 20370201 FIXED No 360 360 358 107,910.00 107,910.00 First Lien 0 107,910.00 0.00 119900 120000 90.00 90.00 PMI BPMI 25 6.3750 0.2500 0.0325 0.0000 0.2825 1103656870 STOCKTON 95204 CA 20070201 20370101 FIXED No 360 360 357 262,400.00 262,400.00 First Lien 0 311,502.00 49,102.00 - 328,000.00 80.00 94.98 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103656878 MANTECA 95337 CA 20070401 20370301 FIXED No 360 360 359 480,000.00 480,000.00 First Lien 0 480,000.00 0.00 - 600,000.00 80.00 80.00 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103656882 LAHAINA 96761 HI 20070501 20370401 ARMS No 360 360 360 478,500.00 478,500.00 First Lien 0 478,500.00 0.00 - 638,000.00 75.00 75.00 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103656886 MADERA 93638 CA 20070501 20370401 ARMS No 360 360 360 213,000.00 213,000.00 First Lien 0 255,600.00 42,600.00 - 284,000.00 75.00 90.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103656897 LOS ANGELES 90210 CA 20070401 20370301 ARMS No 360 360 359 639,200.00 638,548.31 First Lien 0 639,200.00 0.00 799000 799000 80.00 80.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103656900 LIVERMORE 94550 CA 20070501 20370401 FIXED No 360 360 360 670,000.00 670,000.00 First Lien 0 670,000.00 0.00 - 1,285,000.00 52.14 52.14 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 1103656911 CRESTLINE AREA 92407 CA 20070401 20370301 FIXED No 360 360 359 190,000.00 189,806.29 First Lien 0 190,000.00 0.00 - 300,000.00 63.34 63.34 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103656912 ANAHEIM 92805 CA 20070501 20370401 FIXED No 360 360 360 370,000.00 369,604.45 First Lien 0 370,000.00 0.00 - 610,000.00 60.66 60.66 No MI NO MI 0 5.625 0.250 0.0325 0.000 0.2825 1103656925 HOLLY SPRINGS 27540 NC 20070501 20370401 FIXED No 360 360 360 297,011.00 297,011.00 First Lien 0 297,011.00 0.00 397011 398000 74.82 74.82 No MI NO MI 0 5.7500 0.2500 0.0325 0.0000 0.2825 1103656947 SANTA CLARITA 91350 CA 20070501 20370401 FIXED No 360 360 360 399,100.00 399,100.00 First Lien 0 399,100.00 0.00 - 515,000.00 77.50 77.50 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103656952 LAS VEGAS 89103 NV 20070401 20370301 ARMS No 360 360 359 282,500.00 282,244.62 First Lien 0 342,500.00 60,000.00 - 355,000.00 79.58 96.48 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103657001 MURRIETA 92563 CA 20070401 20370301 ARMS No 360 360 359 383,000.00 383,000.00 First Lien 0 383,000.00 0.00 - 525,000.00 72.96 72.96 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103657011 TEMECULA 92591 CA 20070501 20370401 ARMS No 360 360 360 480,000.00 480,000.00 First Lien 0 480,000.00 0.00 - 600,000.00 80.00 80.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103657015 FULLERTON 92833 CA 20070401 20370301 ARMS No 360 360 359 408,000.00 408,000.00 First Lien 0 510,000.00 102,000.00 510000 520000 80.00 100.00 No MI NO MI 0 6.1250 0.3750 0.0325 0.0000 0.4075 1103657016 PANORAMA AREA 91402 CA 20070401 20370301 FIXED No 360 360 359 421,000.00 420,610.07 First Lien 0 421,000.00 0.00 - 530,000.00 79.44 79.44 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103657044 TEMECULA 92592 CA 20070501 20370401 ARMS No 360 360 360 424,000.00 424,000.00 First Lien 0 424,000.00 0.00 - 580,000.00 73.11 73.11 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103657053 CITRUS HEIGHTS 95621 CA 20070501 20370401 ARMS No 360 360 360 185,200.00 185,200.00 First Lien 0 185,200.00 0.00 - 315,000.00 58.80 58.80 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103657072 RIVERSIDE 92508 CA 20070401 20370301 ARMS No 360 360 359 284,000.00 284,000.00 First Lien 0 284,000.00 0.00 - 475,000.00 59.79 59.79 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103657075 FORT WASHINGTON 20744 MD 20070501 20370401 ARMS No 360 360 360 460,000.00 460,000.00 First Lien 0 575,000.00 115,000.00 - 575,000.00 80.00 100.00 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103657098 EL CENTRO 92243 CA 20070401 20370301 ARMS No 360 360 359 368,000.00 368,000.00 First Lien 0 368,000.00 0.00 - 460,000.00 80.00 80.00 No MI NO MI 0 8.875 0.375 0.0325 0.000 0.4075 1103657101 OCEANSIDE 92057 CA 20070501 20370401 ARMS No 360 360 360 436,000.00 436,000.00 First Lien 0 545,000.00 109,000.00 545000 575000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103657105 MODESTO 95350 CA 20070501 20370401 ARMS No 360 360 360 236,000.00 236,000.00 First Lien 0 295,000.00 59,000.00 295000 305000 80.00 100.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103657119 COVINA 91723 CA 20070401 20370301 ARMS No 360 360 359 440,000.00 439,540.61 First Lien 0 550,000.00 110,000.00 - 550,000.00 80.00 100.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103657120 BOYNTON BEACH 33435 FL 20070501 20370401 ARMS No 360 360 360 198,000.00 198,000.00 First Lien 0 198,000.00 0.00 - 264,000.00 75.00 75.00 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103657131 HERCULES 94547 CA 20070401 20370301 ARMS No 360 360 359 455,000.00 455,000.00 First Lien 0 455,000.00 0.00 - 650,000.00 70.00 70.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103657135 LOS ANGELES 90025 CA 20070401 20370301 FIXED Yes 360 480 359 310,000.00 309,838.98 First Lien 0 310,000.00 0.00 - 950,000.00 32.64 32.64 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103657143 PETALUMA 94952 CA 20070401 20370301 ARMS No 360 360 359 661,000.00 661,000.00 First Lien 0 661,000.00 0.00 - 890,000.00 74.27 74.27 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 1103657154 VALRICO 33594 FL 20070501 20370401 ARMS No 360 360 360 156,750.00 156,750.00 First Lien 0 156,750.00 0.00 - 209,000.00 75.00 75.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103657160 OJAI 93023 CA 20070501 20220401 FIXED No 180 180 180 162,500.00 162,500.00 First Lien 0 162,500.00 0.00 - 750,000.00 21.67 21.67 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103657173 CLEARFIELD 84015 UT 20070401 20370301 ARMS No 360 360 359 155,400.00 155,400.00 First Lien 0 210,900.00 55,500.00 222100 295700 69.97 94.96 No MI NO MI 0 6.1250 0.3750 0.0325 0.0000 0.4075 1103657189 SOUTH PASADENA 91030 CA 20070501 20370401 ARMS No 360 360 360 795,000.00 795,000.00 First Lien 0 795,000.00 0.00 - 1,350,000.00 58.89 58.89 No MI NO MI 0 5.550 0.375 0.0325 0.000 0.4075 1103657198 FREEHOLD 07728 NJ 20070501 20370401 FIXED No 360 360 360 525,000.00 524,425.36 First Lien 0 525,000.00 0.00 - 750,000.00 70.00 70.00 No MI NO MI 0 5.500 0.250 0.0325 0.000 0.2825 1103657201 MARICOPA 85239 AZ 20070501 20370401 ARMS No 360 360 360 215,000.00 215,000.00 First Lien 0 215,000.00 0.00 - 290,000.00 74.14 74.14 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103657206 LEAGUE CITY 77573 TX 20070401 20370301 ARMS No 360 360 359 123,375.00 123,375.00 First Lien 0 148,050.00 24,675.00 164500 169000 75.00 90.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103657219 MCDONOUGH 30252 GA 20070501 20370401 ARMS No 360 360 360 128,155.00 128,155.00 First Lien 0 128,155.00 0.00 134900 142000 95.00 95.00 PMI LPMI 30 8.4700 0.3750 0.0325 0.6800 1.0875 1103657249 (ENCINO AREA) LOS ANGELES 91316 CA 20070501 20370401 ARMS No 360 360 360 417,000.00 417,000.00 First Lien 0 417,000.00 0.00 - 620,000.00 67.26 67.26 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103657325 MIAMI 33173 FL 20070501 20370401 ARMS No 360 360 360 149,391.00 149,391.00 First Lien 0 149,391.00 0.00 165990 167000 90.00 90.00 PMI LPMI 25 11.7500 0.3750 0.0325 1.0900 1.4975 1103657327 MODESTO 95354 CA 20070401 20370301 ARMS No 360 360 359 140,900.00 140,900.00 First Lien 0 181,200.00 40,300.00 201350 205000 69.98 90.00 No MI NO MI 0 5.6250 0.3750 0.0325 0.0000 0.4075 1103657332 BROCKTON 02301 MA 20070401 20370301 FIXED No 360 360 359 192,000.00 191,869.86 First Lien 0 192,000.00 0.00 - 345,000.00 55.66 55.66 No MI NO MI 0 7.950 0.250 0.0325 0.000 0.2825 1103657380 NORTH LAS VEGAS 89032 NV 20070401 20370301 ARMS No 360 360 359 206,000.00 206,000.00 First Lien 0 257,500.00 51,500.00 257500 258000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103657391 ORLANDO 32809 FL 20070501 20370401 ARMS No 360 360 360 137,700.00 137,700.00 First Lien 0 137,700.00 0.00 153000 153000 90.00 90.00 PMI BPMI 25 8.2500 0.3750 0.0325 0.0000 0.4075 1103657405 JACKSONVILLE 32246 FL 20070501 20370401 ARMS No 360 360 360 194,400.00 194,400.00 First Lien 0 194,400.00 0.00 - 216,000.00 90.00 90.00 PMI LPMI 25 8.625 0.375 0.0325 0.620 1.0275 1103657413 DAYTONA BEACH 32114 FL 20070501 20370401 FIXED No 360 360 360 276,250.00 276,250.00 First Lien 0 276,250.00 0.00 - 325,000.00 85.00 85.00 PMI LPMI 22 8.250 0.250 0.0325 0.950 1.2325 1103657414 MARGATE 33068 FL 20070501 20370401 FIXED No 360 360 360 199,000.00 199,000.00 First Lien 0 199,000.00 0.00 - 270,000.00 73.71 73.71 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103657415 SANTA CRUZ 95060 CA 20070501 20370401 ARMS No 360 360 360 873,600.00 873,600.00 First Lien 0 1,092,000.00 218,400.00 1092000 1092000 80.00 100.00 No MI NO MI 0 5.5500 0.3750 0.0325 0.0000 0.4075 1103657434 MENDOTA 93640 CA 20070401 20370301 FIXED No 360 360 359 176,250.00 176,250.00 First Lien 0 176,250.00 0.00 - 242,500.00 72.69 72.69 No MI NO MI 0 5.950 0.250 0.0325 0.000 0.2825 1103657436 CANYON COUNTRY 91387 CA 20070501 20370401 ARMS No 360 360 360 403,200.00 403,200.00 First Lien 0 403,200.00 0.00 - 504,000.00 80.00 80.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103657457 SAN DIEGO 92114 CA 20070501 20370401 FIXED No 360 360 360 275,100.00 275,100.00 First Lien 0 275,100.00 0.00 - 440,000.00 62.53 62.53 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103657458 SCHAUMBURG 60173 IL 20070401 20370301 ARMS No 360 360 359 195,000.00 195,000.00 First Lien 0 195,000.00 0.00 - 675,000.00 28.89 28.89 No MI NO MI 0 5.625 0.375 0.0325 0.000 0.4075 1103657464 LAKE ELSINORE 92530 CA 20070501 20370401 ARMS No 360 360 360 256,000.00 256,000.00 First Lien 0 304,000.00 48,000.00 - 320,000.00 80.00 95.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103657466 VISALIA 93291 CA 20070401 20370301 ARMS No 360 360 359 289,000.00 288,712.30 First Lien 0 289,000.00 0.00 - 717,000.00 40.31 40.31 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103657467 KILAUEA 96722 HI 20070401 20370301 ARMS No 360 360 359 600,000.00 600,000.00 First Lien 0 600,000.00 0.00 - 880,000.00 68.19 68.19 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103657491 VALLEY SPRINGS 95252 CA 20070501 20370401 ARMS No 360 360 360 320,000.00 320,000.00 First Lien 0 320,000.00 0.00 400000 400000 80.00 80.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103657492 LOS ANGELES 91343 CA 20070401 20370301 ARMS No 360 360 359 369,000.00 369,000.00 First Lien 0 369,000.00 0.00 - 390,000.00 94.62 94.62 PMI LPMI 30 7.125 0.375 0.0325 1.280 1.6875 1103657494 LONE TREE 80124 CO 20070501 20370401 ARMS No 360 360 360 712,000.00 712,000.00 First Lien 0 845,500.00 133,500.00 - 890,000.00 80.00 95.00 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103657504 SAN JOSE 95126 CA 20070501 20370401 ARMS No 360 360 360 439,200.00 439,200.00 First Lien 0 439,200.00 0.00 549000 550280 80.00 80.00 No MI NO MI 0 7.8000 0.3750 0.0325 0.0000 0.4075 1103657517 WOODLAND HILLS 91364 CA 20070501 20370401 ARMS No 360 360 360 700,000.00 700,000.00 First Lien 0 700,000.00 0.00 - 1,000,000.00 70.00 70.00 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 1103657522 EL DORADO HILLS 95762 CA 20070501 20370401 ARMS No 360 360 360 355,000.00 355,000.00 First Lien 0 355,000.00 0.00 - 900,000.00 39.45 39.45 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103657537 CHULA VISTA 91915 CA 20070501 20370401 ARMS No 360 360 360 355,500.00 355,500.00 First Lien 0 355,500.00 0.00 - 380,000.00 93.56 93.56 PMI LPMI 30 6.875 0.375 0.0325 1.180 1.5875 1103657540 LOS ANGELES 91402 CA 20070501 20370401 ARMS No 360 360 360 456,000.00 456,000.00 First Lien 0 513,000.00 57,000.00 - 570,000.00 80.00 90.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103657542 PHOENIX 85033 AZ 20070401 20370301 ARMS No 360 360 359 147,920.00 147,920.00 First Lien 0 184,900.00 36,980.00 184900 192000 80.00 100.00 No MI NO MI 0 7.4500 0.3750 0.0325 0.0000 0.4075 1103657547 ESCONDIDO 92027 CA 20070501 20370401 ARMS No 360 360 360 210,000.00 210,000.00 First Lien 0 210,000.00 0.00 - 610,000.00 34.43 34.43 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103657578 DENVER 80202 CO 20070401 20370301 ARMS No 360 360 359 297,600.00 297,600.00 First Lien 0 372,000.00 74,400.00 372000 375000 80.00 100.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103657590 HUNTINGTON BEACH 92647 CA 20070401 20370301 ARMS No 360 360 359 537,000.00 537,000.00 First Lien 0 537,000.00 0.00 - 720,000.00 74.59 74.59 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103657592 DENVER 80202 CO 20070401 20370301 FIXED No 360 360 359 575,850.00 575,850.00 First Lien 0 707,850.00 132,000.00 - 950,000.00 60.62 74.52 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103657604 DORAL 33178 FL 20070401 20370301 ARMS No 360 360 359 260,792.00 260,792.00 First Lien 0 260,792.00 0.00 325990 326000 80.00 80.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103657616 LEHI 84043 UT 20070501 20370401 ARMS No 360 360 360 230,550.00 230,550.00 First Lien 0 307,400.00 76,850.00 307439 317000 75.00 99.99 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103657623 SAN DIEGO 92122 CA 20070401 20370301 ARMS No 360 360 359 210,000.00 210,000.00 First Lien 0 210,000.00 0.00 - 300,000.00 70.00 70.00 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103657625 CORONA 92883 CA 20070501 20370401 ARMS No 360 360 360 330,000.00 330,000.00 First Lien 0 330,000.00 0.00 - 750,000.00 44.00 44.00 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103657629 SAN DIEGO 92122 CA 20070401 20370301 ARMS No 360 360 359 210,000.00 210,000.00 First Lien 0 210,000.00 0.00 - 300,000.00 70.00 70.00 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103657631 CANYON COUNTRY 91351 CA 20070501 20370401 ARMS No 360 360 360 450,000.00 450,000.00 First Lien 0 450,000.00 0.00 - 770,000.00 58.45 58.45 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103657637 CORONA 92883 CA 20070501 20370401 ARMS No 360 360 360 429,600.00 429,600.00 First Lien 0 429,600.00 0.00 - 537,000.00 80.00 80.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103657652 OCEANSIDE 92054 CA 20070501 20370401 FIXED No 360 360 360 412,000.00 412,000.00 First Lien 0 412,000.00 0.00 - 545,000.00 75.60 75.60 No MI NO MI 0 7.500 0.250 0.0325 0.000 0.2825 1103657672 QUARTZ HILL (AREA) 93536 CA 20070401 20370301 ARMS No 360 360 359 352,000.00 352,000.00 First Lien 0 396,000.00 44,000.00 - 440,000.00 80.00 90.00 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103657676 ONTARIO 91761 CA 20070501 20370401 ARMS No 360 360 360 372,000.00 372,000.00 First Lien 0 465,000.00 93,000.00 465000 465000 80.00 100.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103657683 LOS ANGELES 90067 CA 20070501 20370401 ARMS No 360 360 360 426,000.00 426,000.00 First Lien 0 426,000.00 0.00 - 695,000.00 61.30 61.30 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103657685 SEATTLE 98133 WA 20070501 20370401 FIXED No 360 360 360 192,500.00 192,500.00 First Lien 0 192,500.00 0.00 - 335,000.00 57.47 57.47 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103657697 YORBA LINDA 92887 CA 20070501 20370401 ARMS No 360 360 360 302,400.00 302,400.00 First Lien 0 378,000.00 75,600.00 378000 400000 80.00 100.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103657711 SAN BERNARDINO AREA 92407 CA 20070501 20370401 ARMS No 360 360 360 208,000.00 208,000.00 First Lien 0 208,000.00 0.00 - 320,000.00 65.00 65.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103657722 YORBA LINDA 92887 CA 20070501 20370401 ARMS No 360 360 360 324,000.00 324,000.00 First Lien 0 405,000.00 81,000.00 405000 405000 80.00 100.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103657723 PITTSBURG 94565 CA 20070401 20370301 FIXED No 360 360 359 315,000.00 315,000.00 First Lien 0 315,000.00 0.00 - 424,000.00 74.30 74.30 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103657729 POMONA 91768 CA 20070501 20370301 ARMS Yes 360 480 360 356,000.00 356,000.00 First Lien 0 445,000.00 89,000.00 445000 455000 80.00 100.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103657735 RICHMOND 23229 VA 20070401 20370301 FIXED No 360 360 359 150,000.00 149,869.33 First Lien 0 150,000.00 0.00 - 205,000.00 73.18 73.18 No MI NO MI 0 6.690 0.250 0.0325 0.000 0.2825 1103657738 MURRIETA 92563 CA 20070401 20370301 ARMS No 360 360 359 475,000.00 475,000.00 First Lien 0 475,000.00 0.00 - 595,000.00 79.84 79.84 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103657754 GLENDALE 91208 CA 20070501 20370401 FIXED No 360 360 360 491,000.00 490,475.09 First Lien 0 491,000.00 0.00 - 940,000.00 52.24 52.24 No MI NO MI 0 5.625 0.250 0.0325 0.000 0.2825 1103657767 BAKERSFIELD 93313 CA 20070501 20370401 ARMS No 360 360 360 206,800.00 206,800.00 First Lien 0 258,500.00 51,700.00 258580 259000 79.98 99.97 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103657781 STOCKTON 95206 CA 20070401 20370401 FIXED Yes 360 480 359 135,000.00 134,934.47 First Lien 0 135,000.00 0.00 - 328,000.00 41.16 41.16 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103657786 APPLE VALLEY 92308 CA 20070501 20370401 ARMS No 360 360 360 222,500.00 222,500.00 First Lien 0 222,500.00 0.00 - 300,000.00 74.17 74.17 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103657787 TORRANCE AREA 90501 CA 20070401 20370301 ARMS No 360 360 359 490,000.00 490,000.00 First Lien 0 490,000.00 0.00 - 635,000.00 77.17 77.17 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103657805 LOS ANGELES 90011 CA 20070501 20370401 ARMS No 360 360 360 233,000.00 233,000.00 First Lien 0 333,000.00 100,000.00 - 425,000.00 54.83 78.36 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103657808 LOS ANGELES 90002 CA 20070401 20370301 ARMS No 360 360 359 344,000.00 344,000.00 First Lien 0 408,500.00 64,500.00 - 440,000.00 78.19 92.85 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103657812 FONTANA 92336 CA 20070501 20370401 ARMS No 360 360 360 472,000.00 472,000.00 First Lien 0 497,720.00 25,720.00 - 590,000.00 80.00 84.36 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103657814 FONTANA AREA 92336 CA 20070401 20370301 ARMS No 360 360 359 307,500.00 307,500.00 First Lien 0 307,500.00 0.00 - 390,000.00 78.85 78.85 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103657833 FONTANA 92335 CA 20070401 20370301 ARMS No 360 360 359 284,800.00 284,800.00 First Lien 0 356,000.00 71,200.00 356000 356000 80.00 100.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103657848 RIVERSIDE 92509 CA 20070401 20370301 FIXED No 360 360 359 272,000.00 272,000.00 First Lien 0 272,000.00 0.00 - 340,000.00 80.00 80.00 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103657853 SANTA ANA 92701 CA 20070501 20370401 ARMS No 360 360 360 498,750.00 498,750.00 First Lien 0 598,500.00 99,750.00 - 665,000.00 75.00 90.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103657858 LA PUENTE AREA 91744 CA 20070401 20370301 FIXED No 360 360 359 160,000.00 160,000.00 First Lien 0 160,000.00 0.00 - 462,000.00 34.64 34.64 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103657867 FORT LAUDERDALE 33308 FL 20070501 20370401 ARMS No 360 360 360 960,000.00 960,000.00 First Lien 0 960,000.00 0.00 - 3,200,000.00 30.00 30.00 No MI NO MI 0 5.625 0.375 0.0325 0.000 0.4075 1103657877 LOS ANGELES 90042 CA 20070501 20370401 ARMS No 360 360 360 310,000.00 310,000.00 First Lien 0 310,000.00 0.00 - 525,000.00 59.05 59.05 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103657893 SPOKANE 99205 WA 20070501 20370401 FIXED No 360 360 360 128,000.00 128,000.00 First Lien 0 162,000.00 34,000.00 - 162,000.00 79.02 100.00 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 1103657911 BEAUMONT 92223 CA 20070401 20370301 ARMS No 360 360 359 280,000.00 280,000.00 First Lien 0 350,000.00 70,000.00 - 350,000.00 80.00 100.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103657924 LAS VEGAS 89110 NV 20070501 20370401 ARMS No 360 360 360 200,000.00 200,000.00 First Lien 0 200,000.00 0.00 - 252,000.00 79.37 79.37 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103657942 BAKERSFIELD 93307 CA 20070501 20370401 FIXED No 360 360 360 242,000.00 242,000.00 First Lien 0 242,000.00 0.00 - 312,000.00 77.57 77.57 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103657948 SAVANNAH 38372 TN 20070401 20370301 ARMS No 360 360 359 102,600.00 102,542.78 First Lien 0 102,600.00 0.00 - 114,000.00 90.00 90.00 PMI LPMI 25 8.900 0.375 0.0325 0.970 1.3775 1103657955 LOS ANGELES 90047 CA 20070401 20370301 ARMS No 360 360 359 368,000.00 368,000.00 First Lien 0 368,000.00 0.00 - 460,000.00 80.00 80.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103657958 MESA 85207 AZ 20070501 20370401 ARMS No 360 360 360 126,400.00 126,400.00 First Lien 0 179,900.00 53,500.00 - 193,000.00 65.50 93.22 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103657967 PHOENIX 85087 AZ 20070501 20370401 ARMS No 360 360 360 160,900.00 160,900.00 First Lien 0 160,900.00 0.00 - 380,000.00 42.35 42.35 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103657971 RIDDLE 97469 OR 20070501 20370401 FIXED No 360 360 360 112,000.00 112,000.00 First Lien 0 112,000.00 0.00 - 140,000.00 80.00 80.00 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103657974 NORTH LAS VEGAS 89030 NV 20070501 20370401 ARMS No 360 360 360 160,000.00 160,000.00 First Lien 0 160,000.00 0.00 - 205,000.00 78.05 78.05 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103658003 MARICOPA 85239 AZ 20070401 20370301 ARMS No 360 360 359 220,500.00 220,500.00 First Lien 0 299,250.00 78,750.00 315000 329000 70.00 95.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103658030 MARICOPA 85239 AZ 20070401 20370301 ARMS No 360 360 359 208,950.00 208,950.00 First Lien 0 283,575.00 74,625.00 298500 320000 70.00 95.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103658037 CAVE CREEK 85331 AZ 20070401 20370301 ARMS No 360 360 359 540,000.00 540,000.00 First Lien 0 540,000.00 0.00 - 720,000.00 75.00 75.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103658041 SCOTTSDALE 85251 AZ 20070401 20370301 FIXED No 360 360 359 211,000.00 210,851.08 First Lien 0 211,000.00 0.00 - 300,000.00 70.34 70.34 No MI NO MI 0 7.750 0.250 0.0325 0.000 0.2825 1103658044 VISTA 92081 CA 20070501 20370401 ARMS No 360 360 360 258,750.00 258,750.00 First Lien 0 258,750.00 0.00 - 345,000.00 75.00 75.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103658051 CARSON 90810 CA 20070401 20370301 ARMS No 360 360 359 412,000.00 412,000.00 First Lien 0 412,000.00 0.00 - 515,000.00 80.00 80.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103658080 WEST COVINA 91790 CA 20070501 20370401 ARMS No 360 360 360 600,000.00 600,000.00 First Lien 0 600,000.00 0.00 - 750,000.00 80.00 80.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103658087 OLYMPIA 98512 WA 20070401 20370301 ARMS No 360 360 359 130,000.00 130,000.00 First Lien 0 130,000.00 0.00 - 200,000.00 65.00 65.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103658104 CORONA 92883 CA 20070501 20370401 ARMS No 360 360 360 310,400.00 310,400.00 First Lien 0 310,400.00 0.00 - 850,000.00 36.52 36.52 No MI NO MI 0 5.800 0.375 0.0325 0.000 0.4075 1103658127 CHINO HILLS 91709 CA 20070501 20370401 FIXED No 360 360 360 175,000.00 175,000.00 First Lien 0 175,000.00 0.00 - 510,000.00 34.32 34.32 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103658133 LOS ANGELES AREA 90059 CA 20070501 20370401 ARMS Yes 360 480 360 348,000.00 348,000.00 First Lien 0 348,000.00 0.00 - 435,000.00 80.00 80.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103658142 SAN MARCOS 92069 CA 20070401 20370301 ARMS No 360 360 359 393,750.00 393,750.00 First Lien 0 393,750.00 0.00 - 525,000.00 75.00 75.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103658149 HONOLULU 96815 HI 20070501 20370401 ARMS No 360 360 360 354,900.00 354,900.00 First Lien 0 354,900.00 0.00 507000 507000 70.00 70.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103658170 VACAVILLE 95687 CA 20070501 20370401 ARMS No 360 360 360 480,000.00 480,000.00 First Lien 0 480,000.00 0.00 - 600,000.00 80.00 80.00 No MI NO MI 0 5.950 0.375 0.0325 0.000 0.4075 1103658173 PORTLAND 97206 OR 20070501 20370401 ARMS No 360 360 360 108,000.00 108,000.00 First Lien 0 128,250.00 20,250.00 135000 140000 80.00 95.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103658187 MIAMI 33166 FL 20070501 20370401 ARMS No 360 360 360 320,000.00 320,000.00 First Lien 0 320,000.00 0.00 400000 400000 80.00 80.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103658189 CALABASAS (AGOURA HILLS A 91301 CA 20070401 20370301 ARMS No 360 360 359 576,800.00 576,800.00 First Lien 0 576,800.00 0.00 - 824,000.00 70.00 70.00 No MI NO MI 0 5.375 0.375 0.0325 0.000 0.4075 1103658200 PITTSGROVE 08318 NJ 20070501 20370401 ARMS No 360 360 360 155,400.00 155,400.00 First Lien 0 210,900.00 55,500.00 222000 222000 70.00 95.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103658209 NORWALK 06854 CT 20070501 20370401 ARMS No 360 360 360 550,000.00 550,000.00 First Lien 0 550,000.00 0.00 - 760,000.00 72.37 72.37 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103658228 OAKLAND 94621 CA 20070501 20370401 FIXED No 360 360 360 295,000.00 295,000.00 First Lien 0 295,000.00 0.00 - 575,000.00 51.31 51.31 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103658234 BERLIN 21811 MD 20070501 20370401 ARMS No 360 360 360 480,000.00 480,000.00 First Lien 0 480,000.00 0.00 - 600,000.00 80.00 80.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103658240 RANCHO PALOS VERDES 90275 CA 20070501 20370401 FIXED No 360 360 360 850,000.00 850,000.00 First Lien 0 850,000.00 0.00 - 1,300,000.00 65.39 65.39 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 1103658279 LANCASTER 93536 CA 20070501 20370401 FIXED No 360 360 360 202,000.00 202,000.00 First Lien 0 202,000.00 0.00 - 350,000.00 57.72 57.72 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103658281 CLEARLAKE 95422 CA 20070501 20370401 ARMS No 360 360 360 211,500.00 211,500.00 First Lien 0 248,150.00 36,650.00 282000 282000 75.00 88.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103658291 CHINO HILLS 91709 CA 20070501 20370401 FIXED No 360 360 360 462,000.00 462,000.00 First Lien 0 462,000.00 0.00 - 630,000.00 73.34 73.34 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103658295 HOLLYWOOD 33020 FL 20070501 20370401 ARMS Yes 360 480 360 272,000.00 272,000.00 First Lien 0 340,000.00 68,000.00 340000 340000 80.00 100.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103658338 DENVER 80206 CO 20070501 20370401 ARMS No 360 360 360 968,000.00 968,000.00 First Lien 0 968,000.00 0.00 1385000 1400000 69.90 69.90 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103658377 CARLSBAD 92011 CA 20070501 20370401 ARMS No 360 360 360 565,000.00 565,000.00 First Lien 0 565,000.00 0.00 - 870,000.00 64.95 64.95 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103658395 LOMPOC 93436 CA 20070501 20370401 ARMS Yes 360 480 360 252,000.00 252,000.00 First Lien 0 252,000.00 0.00 - 370,000.00 68.11 68.11 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103658403 WOODSIDE 94062 CA 20070401 20370301 ARMS No 360 360 359 745,000.00 745,000.00 First Lien 0 745,000.00 0.00 1150000 1150000 64.79 64.79 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103658418 SOUTH SAN FRANCISCO 94080 CA 20070501 20370401 FIXED No 360 360 360 400,000.00 400,000.00 First Lien 0 400,000.00 0.00 - 785,000.00 50.96 50.96 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103658423 OXNARD 93035 CA 20070501 20370401 ARMS Yes 360 480 360 375,000.00 375,000.00 First Lien 0 375,000.00 0.00 - 474,000.00 79.12 79.12 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103658481 SAN JOSE 95135 CA 20070501 20370401 ARMS No 360 360 360 520,500.00 520,500.00 First Lien 0 520,500.00 0.00 - 995,000.00 52.32 52.32 No MI NO MI 0 5.625 0.375 0.0325 0.000 0.4075 1103658503 ANAHEIM 92804 CA 20070501 20370401 ARMS No 360 360 360 456,000.00 456,000.00 First Lien 0 570,000.00 114,000.00 570000 575000 80.00 100.00 No MI NO MI 0 6.0000 0.3750 0.0325 0.0000 0.4075 1103658540 LOS ANGELES 90044 CA 20070501 20370401 FIXED No 360 360 360 470,000.00 470,000.00 First Lien 0 470,000.00 0.00 - 610,000.00 77.05 77.05 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103658544 RIVERSIDE 92507 CA 20070501 20370401 ARMS No 360 360 360 294,300.00 294,300.00 First Lien 0 294,300.00 0.00 - 327,000.00 90.00 90.00 PMI LPMI 25 8.000 0.375 0.0325 1.390 1.7975 1103658545 LOS ANGELES 90032 CA 20070501 20220401 FIXED No 180 180 180 306,000.00 304,936.55 First Lien 0 306,000.00 0.00 - 445,000.00 68.77 68.77 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103658555 HESPERIA 92344 CA 20070501 20370401 ARMS No 360 360 360 282,900.00 282,900.00 First Lien 0 353,600.00 70,700.00 353684 363040 79.99 99.98 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103658557 LYNWOOD 90262 CA 20070501 20370401 FIXED No 360 360 360 290,500.00 290,500.00 First Lien 0 290,500.00 0.00 - 415,000.00 70.00 70.00 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103658591 PASADENA 91104 CA 20070501 20370401 ARMS No 360 360 360 680,000.00 680,000.00 First Lien 0 850,000.00 170,000.00 850000 850000 80.00 100.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103658599 LOS ANGELES 90002 CA 20070301 20370201 ARMS No 360 360 358 388,000.00 388,000.00 First Lien 0 460,750.00 72,750.00 - 485,000.00 80.00 95.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103658600 LOS ANGELES 90061 CA 20070301 20370201 ARMS No 360 360 358 249,375.00 249,375.00 First Lien 0 315,875.00 66,500.00 332500 395000 75.00 95.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103658601 FONTANA 92336 CA 20070401 20370301 ARMS No 360 360 359 480,000.00 480,000.00 First Lien 0 600,000.00 120,000.00 - 600,000.00 80.00 100.00 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103658602 BUENA PARK 90621 CA 20070401 20370301 ARMS No 360 360 359 428,000.00 428,000.00 First Lien 0 535,000.00 107,000.00 535000 540000 80.00 100.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103658603 SAN JUAN CAPISTRANO 92675 CA 20070401 20370301 ARMS No 360 360 359 301,000.00 301,000.00 First Lien 0 301,000.00 0.00 - 430,000.00 70.00 70.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103658604 SAN JUAN CAPISTRANO 92675 CA 20070401 20370301 ARMS No 360 360 359 262,500.00 262,500.00 First Lien 0 262,500.00 0.00 - 375,000.00 70.00 70.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103658605 ALHAMBRA 91803 CA 20070301 20370201 ARMS No 360 360 358 500,000.00 500,000.00 First Lien 0 566,500.00 66,500.00 - 667,000.00 74.97 84.94 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103658606 PALMDALE 93552 CA 20070401 20370301 ARMS No 360 360 359 240,000.00 240,000.00 First Lien 0 240,000.00 0.00 - 320,000.00 75.00 75.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103658607 LOS ANGELES 91604 CA 20070301 20370201 ARMS No 360 360 358 485,000.00 485,000.00 First Lien 0 485,000.00 0.00 865000 865000 56.07 56.07 No MI NO MI 0 6.1250 0.3750 0.0325 0.0000 0.4075 1103658608 FREMONT 94536 CA 20070301 20370201 ARMS No 360 360 358 215,000.00 214,924.35 First Lien 0 215,000.00 0.00 - 520,000.00 41.35 41.35 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103658609 LOS ANGELES 91342 CA 20070401 20370301 ARMS No 360 360 359 440,000.00 440,000.00 First Lien 0 550,000.00 110,000.00 550000 555000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103658610 LOS ANGELES 91304 CA 20070301 20370201 ARMS No 360 360 358 442,500.00 442,500.00 First Lien 0 560,500.00 118,000.00 590000 720000 75.00 95.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103658611 PALMDALE 93551 CA 20070301 20370201 ARMS No 360 360 358 440,000.00 440,000.00 First Lien 0 550,000.00 110,000.00 550000 550000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103658612 HESPERIA 92345 CA 20070401 20370301 ARMS No 360 360 359 351,000.00 351,000.00 First Lien 0 351,000.00 0.00 - 420,000.00 83.58 83.58 PMI BPMI 12 6.375 0.375 0.0325 0.000 0.4075 1103658613 OAK PARK 91377 CA 20070401 20370301 ARMS No 360 360 359 460,000.00 460,000.00 First Lien 0 559,954.00 99,954.00 - 815,000.00 56.45 68.71 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103658614 LOS ANGELES 91335 CA 20070401 20370301 ARMS No 360 360 359 531,000.00 531,000.00 First Lien 0 531,000.00 0.00 - 780,000.00 68.08 68.08 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103658615 DIAMOND BAR 91765 CA 20070401 20370301 ARMS No 360 360 359 405,000.00 405,000.00 First Lien 0 405,000.00 0.00 - 710,000.00 57.05 57.05 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103658616 LOMITA 90717 CA 20070401 20370301 ARMS No 360 360 359 405,000.00 405,000.00 First Lien 0 405,000.00 0.00 - 925,000.00 43.79 43.79 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103658618 PERRIS 92570 CA 20070401 20370301 ARMS No 360 360 359 354,392.00 354,392.00 First Lien 0 442,990.00 88,598.00 442990 445000 80.00 100.00 No MI NO MI 0 5.6250 0.3750 0.0325 0.0000 0.4075 1103658619 PALMDALE 93552 CA 20070401 20370301 ARMS No 360 360 359 288,000.00 288,000.00 First Lien 0 360,000.00 72,000.00 360000 360000 80.00 100.00 No MI NO MI 0 6.6250 0.3750 0.0325 0.0000 0.4075 1103658620 CHICO 95928 CA 20070401 20370301 ARMS No 360 360 359 356,250.00 356,250.00 First Lien 0 475,000.00 118,750.00 - 475,000.00 75.00 100.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103658621 SAN JOSE 95148 CA 20070401 20370301 ARMS No 360 360 359 600,000.00 600,000.00 First Lien 0 600,000.00 0.00 - 925,000.00 64.87 64.87 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103658622 PETALUMA 94954 CA 20070401 20370301 ARMS No 360 360 359 386,250.00 386,250.00 First Lien 0 515,000.00 128,750.00 515000 515000 75.00 100.00 No MI NO MI 0 6.0000 0.3750 0.0325 0.0000 0.4075 1103658623 LAS VEGAS 89139 NV 20070401 20370301 ARMS No 360 360 359 187,500.00 187,500.00 First Lien 0 250,000.00 62,500.00 250000 250000 75.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103658625 SAN DIEGO 92111 CA 20070301 20370201 ARMS No 360 360 358 344,250.00 344,250.00 First Lien 0 459,000.00 114,750.00 459000 459000 75.00 100.00 No MI NO MI 0 5.3750 0.3750 0.0325 0.0000 0.4075 1103658626 SAN DIEGO 92122 CA 20070401 20370301 ARMS No 360 360 359 595,000.00 595,000.00 First Lien 0 595,000.00 0.00 888373 920000 66.98 66.98 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103658627 LA CRESCENTA 91214 CA 20070401 20370301 ARMS No 360 360 359 318,750.00 318,750.00 First Lien 0 403,750.00 85,000.00 425000 530000 75.00 95.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103658631 EVERETT 98208 WA 20070501 20370401 ARMS No 360 360 360 215,250.00 215,250.00 First Lien 0 287,000.00 71,750.00 - 287,000.00 75.00 100.00 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103658635 SAN BERNARDINO 92410 CA 20070501 20370401 ARMS No 360 360 360 150,000.00 150,000.00 First Lien 0 150,000.00 0.00 - 298,000.00 50.34 50.34 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103658661 WESTMINSTER 92683 CA 20070401 20370301 FIXED No 360 360 359 520,000.00 519,430.83 First Lien 0 520,000.00 0.00 - 765,000.00 67.98 67.98 No MI NO MI 0 5.500 0.250 0.0325 0.000 0.2825 1103658667 TAYLORS FALLS 55084 MN 20070401 20370301 ARMS No 360 360 359 118,930.00 118,929.37 First Lien 0 161,405.00 42,475.00 169900 172000 70.00 95.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103658676 EL SEGUNDO 90245 CA 20070501 20370401 ARMS No 360 360 360 802,500.00 802,500.00 First Lien 0 802,500.00 0.00 - 1,070,000.00 75.00 75.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103658689 JACKSONVILLE 32244 FL 20070501 20370401 ARMS No 360 360 360 125,250.00 125,250.00 First Lien 0 125,250.00 0.00 - 167,000.00 75.00 75.00 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 1103658713 FOREST FALLS AREA 92339 CA 20070501 20370401 ARMS No 360 360 360 412,000.00 412,000.00 First Lien 0 412,000.00 0.00 515000 515000 80.00 80.00 No MI NO MI 0 9.1250 0.3750 0.0325 0.0000 0.4075 1103658715 SAN JUAN CAPISTRANO 92675 CA 20070401 20370301 ARMS No 360 360 359 266,500.00 266,500.00 First Lien 0 266,500.00 0.00 - 410,000.00 65.00 65.00 No MI NO MI 0 5.625 0.375 0.0325 0.000 0.4075 1103658726 OLYMPIA 98512 WA 20070501 20370401 ARMS No 360 360 360 340,000.00 340,000.00 First Lien 0 374,000.00 34,000.00 - 425,000.00 80.00 88.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103658757 ANAHEIM 92807 CA 20070501 20370401 FIXED No 360 360 360 305,000.00 305,000.00 First Lien 0 305,000.00 0.00 - 600,000.00 50.84 50.84 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103658783 PALM BEACH GARDENS 33410 FL 20070501 20370401 ARMS No 360 360 360 319,900.00 319,900.00 First Lien 0 319,900.00 0.00 - 400,000.00 79.98 79.98 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103658797 FALLBROOK 92028 CA 20070401 20370301 ARMS No 360 360 359 680,000.00 680,000.00 First Lien 0 807,500.00 127,500.00 850000 875000 80.00 95.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103658812 JACKSONVILLE BEACH 32250 FL 20070501 20370401 ARMS No 360 360 360 404,925.00 404,925.00 First Lien 0 404,925.00 0.00 539900 539900 75.00 75.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103658827 BOYNTON BEACH 33437 FL 20070401 20370301 FIXED No 360 360 359 288,500.00 288,205.86 First Lien 0 288,500.00 0.00 - 400,000.00 72.13 72.13 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103658828 MILLSTONE 08691 NJ 20070401 20370301 FIXED No 360 360 359 742,000.00 742,000.00 First Lien 0 900,000.00 158,000.00 - 1,060,000.00 70.00 84.91 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103658831 HOUSTON 77008 TX 20070401 20370301 FIXED No 360 360 359 351,200.00 350,836.71 First Lien 0 351,200.00 0.00 439000 439000 80.00 80.00 No MI NO MI 0 5.7990 0.2500 0.0325 0.0000 0.2825 1103658832 INVERNESS 34453 FL 20070401 20370301 FIXED No 360 360 359 85,000.00 84,926.82 First Lien 0 85,000.00 0.00 - 122,000.00 69.68 69.68 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103658834 AUSTIN 78730 TX 20070401 20370301 FIXED No 360 360 359 508,000.00 507,482.06 First Lien 0 508,000.00 0.00 635000 645000 80.00 80.00 No MI NO MI 0 5.8750 0.2500 0.0325 0.0000 0.2825 1103658835 MIAMI 33161 FL 20070201 20370101 FIXED No 360 360 357 416,000.00 414,784.08 First Lien 0 416,000.00 0.00 - 520,000.00 80.00 80.00 No MI NO MI 0 7.625 0.250 0.0325 0.000 0.2825 1103658836 ASHBURN 20147 VA 20070401 20370301 FIXED No 360 360 359 470,000.00 470,000.00 First Lien 0 470,000.00 0.00 600000 603000 78.34 78.34 No MI NO MI 0 6.0000 0.2500 0.0325 0.0000 0.2825 1103658837 WESTPORT 06880 CT 20070401 20370301 FIXED No 360 360 359 850,000.00 849,173.85 First Lien 0 850,000.00 0.00 - 1,290,000.00 65.90 65.90 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103658838 WEST PALM BEACH 33407 FL 20070401 20370301 FIXED No 360 360 359 675,000.00 674,404.46 First Lien 0 675,000.00 0.00 - 900,000.00 75.00 75.00 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 1103658839 MILFORD 48381 MI 20070401 20370301 FIXED No 360 360 359 273,750.00 273,229.15 First Lien 0 365,000.00 91,250.00 - 365,000.00 75.00 100.00 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103658840 BROOKEVILLE 20833 MD 20070401 20370301 FIXED No 360 360 359 393,750.00 393,358.02 First Lien 0 393,750.00 0.00 - 525,000.00 75.00 75.00 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103658841 OLNEY 20832 MD 20070401 20370301 FIXED No 360 360 359 273,000.00 272,386.79 First Lien 0 273,000.00 0.00 - 480,000.00 56.88 56.88 No MI NO MI 0 5.375 0.250 0.0325 0.000 0.2825 1103658842 SHELTON 06484 CT 20070401 20370301 FIXED No 360 360 359 340,800.00 340,460.73 First Lien 0 383,400.00 42,600.00 - 426,000.00 80.00 90.00 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103658846 LITTLE FALLS 07424 NJ 20070401 20370301 FIXED No 360 360 359 249,000.00 249,000.00 First Lien 0 249,000.00 0.00 - 367,000.00 67.85 67.85 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103658851 COLONIAL BEACH 22443 VA 20070401 20370301 FIXED No 360 360 359 490,000.00 489,500.42 First Lien 0 490,000.00 0.00 - 700,000.00 70.00 70.00 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103658861 ORANGE 92865 CA 20070401 20370301 FIXED No 360 360 359 455,200.00 455,200.00 First Lien 0 569,000.00 113,800.00 569000 569000 80.00 100.00 No MI NO MI 0 6.3750 0.2500 0.0325 0.0000 0.2825 1103658877 RESCUE 95672 CA 20070501 20370401 ARMS No 360 360 360 410,000.00 410,000.00 First Lien 0 410,000.00 0.00 - 705,000.00 58.16 58.16 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103658886 SIMI VALLEY 93063 CA 20070601 20370501 ARMS No 360 360 360 605,000.00 605,000.00 First Lien 0 605,000.00 0.00 - 870,000.00 69.55 69.55 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103658899 MIRAMAR 33025 FL 20070501 20370401 ARMS No 360 360 360 242,250.00 242,250.00 First Lien 0 242,250.00 0.00 - 285,000.00 85.00 85.00 PMI LPMI 22 6.625 0.375 0.0325 0.840 1.2475 1103658908 KISSIMMEE 34744 FL 20070501 20370401 ARMS No 360 360 360 213,000.00 213,000.00 First Lien 0 213,000.00 0.00 237000 237300 89.88 89.88 PMI LPMI 25 6.6900 0.3750 0.0325 0.4200 0.8275 1103658915 LAWNDALE 90260 CA 20070401 20220301 FIXED No 180 180 179 77,000.00 76,732.40 First Lien 0 77,000.00 0.00 - 550,000.00 14.00 14.00 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 1103658930 WINCHESTER 92596 CA 20070501 20370401 ARMS No 360 360 360 424,000.00 424,000.00 First Lien 0 467,000.00 43,000.00 - 530,000.00 80.00 88.12 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103658933 TEXAS CITY 77590 TX 20070501 20370401 ARMS No 360 360 360 88,500.00 88,500.00 First Lien 0 112,100.00 23,600.00 118000 118000 75.00 95.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103658934 SURPRISE 85379 AZ 20070501 20370401 ARMS No 360 360 360 159,990.00 159,990.00 First Lien 0 199,990.00 40,000.00 199990 200000 80.00 100.00 No MI NO MI 0 8.1250 0.3750 0.0325 0.0000 0.4075 1103658938 ROCKLIN 95765 CA 20070501 20370401 ARMS No 360 360 360 438,400.00 438,400.00 First Lien 0 438,400.00 0.00 - 548,000.00 80.00 80.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103658952 PERRIS 92571 CA 20070501 20370401 ARMS No 360 360 360 200,000.00 200,000.00 First Lien 0 200,000.00 0.00 - 320,000.00 62.50 62.50 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103658970 LAGUNA BEACH 92653 CA 20070501 20370401 FIXED No 360 360 360 560,000.00 560,000.00 First Lien 0 560,000.00 0.00 - 975,000.00 57.44 57.44 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103658989 DETROIT 48203 MI 20070401 20370301 ARMS No 360 360 359 74,200.00 74,200.00 First Lien 0 100,700.00 26,500.00 106000 106000 70.00 95.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103658991 MERCER ISLAND 98040 WA 20070501 20370401 FIXED No 360 360 360 670,000.00 669,300.48 First Lien 0 670,000.00 0.00 860000 863000 77.91 77.91 No MI NO MI 0 5.7500 0.2500 0.0325 0.0000 0.2825 1103658992 EL MONTE 91732 CA 20070501 20370401 ARMS No 360 360 360 313,600.00 313,600.00 First Lien 0 313,600.00 0.00 392000 440000 80.00 80.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103659047 LAKE STEVENS 98258 WA 20070501 20370401 ARMS No 360 360 360 228,800.00 228,800.00 First Lien 0 271,700.00 42,900.00 286000 286000 80.00 95.00 No MI NO MI 0 8.6750 0.3750 0.0325 0.0000 0.4075 1103659060 MURRIETA 92563 CA 20070401 20370301 ARMS No 360 360 359 210,000.00 210,000.00 First Lien 0 210,000.00 0.00 - 310,000.00 67.75 67.75 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103659081 SAN PABLO 94806 CA 20070501 20370401 ARMS No 360 360 360 295,000.00 295,000.00 First Lien 0 295,000.00 0.00 - 463,000.00 63.72 63.72 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103659106 PAWLEYS ISLAND 29585 SC 20070401 20370301 ARMS No 360 360 359 107,100.00 107,100.00 First Lien 0 127,150.00 20,050.00 133900 175000 79.99 94.96 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103659137 WOODBRIDGE 22191 VA 20070501 20370401 FIXED No 360 360 360 120,000.00 120,000.00 First Lien 0 120,000.00 0.00 - 320,000.00 37.50 37.50 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 1103659146 SAINT PETERSBURG 33713 FL 20070501 20370401 ARMS No 360 360 360 116,000.00 116,000.00 First Lien 0 116,000.00 0.00 - 145,000.00 80.00 80.00 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103659150 COVINA 91723 CA 20070501 20370401 ARMS No 360 360 360 472,000.00 472,000.00 First Lien 0 472,000.00 0.00 - 590,000.00 80.00 80.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103659166 PALM DESERT 92211 CA 20070401 20370301 ARMS No 360 360 359 330,000.00 330,000.00 First Lien 0 330,000.00 0.00 - 510,000.00 64.71 64.71 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103659176 OLYMPIA 98516 WA 20070501 20370401 ARMS No 360 360 360 272,000.00 272,000.00 First Lien 0 272,000.00 0.00 340000 340000 80.00 80.00 No MI NO MI 0 6.9900 0.3750 0.0325 0.0000 0.4075 1103659180 CENTENNIAL 80015 CO 20070401 20370301 ARMS No 360 360 359 216,000.00 215,795.05 First Lien 0 216,000.00 0.00 - 270,000.00 80.00 80.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103659207 HARBOR CITY 90710 CA 20070501 20370401 FIXED No 360 360 360 510,400.00 510,400.00 First Lien 0 606,100.00 95,700.00 638000 638000 80.00 95.00 No MI NO MI 0 6.2500 0.2500 0.0325 0.0000 0.2825 1103659209 SANTA ANA 92707 CA 20070401 20370301 ARMS No 360 360 359 547,000.00 547,000.00 First Lien 0 547,000.00 0.00 - 730,000.00 74.94 74.94 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103659272 SAN DIEGO 92154 CA 20070501 20370401 ARMS No 360 360 360 382,400.00 382,400.00 First Lien 0 478,000.00 95,600.00 - 478,000.00 80.00 100.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103659284 BAKERSFIELD 93313 CA 20070401 20370301 ARMS No 360 360 359 206,200.00 206,200.00 First Lien 0 244,800.00 38,600.00 257820 258000 79.98 94.95 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103659286 COMPTON 90221 CA 20070501 20370401 FIXED No 360 360 360 195,000.00 195,000.00 First Lien 0 195,000.00 0.00 - 420,000.00 46.43 46.43 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 1103659293 LOS ANGELES 90037 CA 20070501 20370401 FIXED No 360 360 360 143,000.00 143,000.00 First Lien 0 143,000.00 0.00 - 450,000.00 31.78 31.78 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103659331 RANCHO CORDOVA 95670 CA 20070501 20370401 ARMS No 360 360 360 304,000.00 304,000.00 First Lien 0 342,000.00 38,000.00 - 380,000.00 80.00 90.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103659333 SACRAMENTO 95832 CA 20070501 20370401 ARMS No 360 360 360 164,720.00 164,720.00 First Lien 0 195,605.00 30,885.00 205900 205900 80.00 95.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103659341 CENTENNIAL 80112 CO 20070501 20370401 ARMS No 360 360 360 217,200.00 217,200.00 First Lien 0 271,500.00 54,300.00 271500 272000 80.00 100.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103659374 HARTFORD 06114 CT 20070501 20370401 ARMS No 360 360 360 224,000.00 224,000.00 First Lien 0 280,000.00 56,000.00 280000 280000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103659437 BRENTWOOD AREA 90049 CA 20070501 20370401 ARMS No 360 360 360 387,000.00 387,000.00 First Lien 0 387,000.00 0.00 - 1,250,000.00 30.96 30.96 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103659442 LOS ANGELES 91307 CA 20070501 20370401 FIXED No 360 360 360 270,000.00 270,000.00 First Lien 0 270,000.00 0.00 - 600,000.00 45.00 45.00 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 1103659473 ALTADENA 91001 CA 20070501 20370401 FIXED Yes 360 480 360 640,000.00 640,000.00 First Lien 0 640,000.00 0.00 - 950,000.00 67.37 67.37 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103659475 BOISE 83714 ID 20070501 20370401 FIXED No 360 360 360 550,000.00 550,000.00 First Lien 0 550,000.00 0.00 700353.53 707000 78.54 78.54 No MI NO MI 0 5.6250 0.2500 0.0325 0.0000 0.2825 1103659600 DENVER 80220 CO 20070601 20370501 ARMS No 360 360 360 542,500.00 542,500.00 First Lien 0 542,500.00 0.00 - 775,000.00 70.00 70.00 No MI NO MI 0 5.625 0.375 0.0325 0.000 0.4075 1103659608 WALNUT 91789 CA 20070501 20370401 ARMS No 360 360 360 350,000.00 350,000.00 First Lien 0 350,000.00 0.00 - 590,000.00 59.33 59.33 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103659613 BOCA RATON 33434 FL 20070501 20370401 ARMS No 360 360 360 296,000.00 296,000.00 First Lien 0 370,000.00 74,000.00 370000 380000 80.00 100.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103659637 CENTENNIAL 80015 CO 20070501 20370401 ARMS No 360 360 360 178,100.00 178,100.00 First Lien 0 178,100.00 0.00 - 250,000.00 71.24 71.24 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103659639 MORENO VALLEY 92557 CA 20070501 20370401 FIXED No 360 360 360 269,000.00 269,000.00 First Lien 0 269,000.00 0.00 - 420,000.00 64.05 64.05 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103659714 GLENDALE 91201 CA 20070501 20370401 FIXED No 360 360 360 665,000.00 664,413.28 First Lien 0 665,000.00 0.00 - 950,000.00 70.00 70.00 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 1103659727 SANTA ANA 92701 CA 20070501 20370401 ARMS No 360 360 360 448,000.00 448,000.00 First Lien 0 576,000.00 128,000.00 640000 680000 70.00 90.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103659728 POMONA 91767 CA 20070501 20370401 FIXED No 360 360 360 144,000.00 144,000.00 First Lien 0 144,000.00 0.00 - 440,000.00 32.73 32.73 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103659753 WHITTIER 90606 CA 20070601 20370501 ARMS No 360 360 360 245,000.00 245,000.00 First Lien 0 245,000.00 0.00 - 515,000.00 47.58 47.58 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103659763 ELMWOOD PARK 60707 IL 20070501 20370401 ARMS No 360 360 360 352,000.00 352,000.00 First Lien 0 385,000.00 33,000.00 - 440,000.00 80.00 87.50 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103659784 LOS ANGELES 90064 CA 20070501 20370401 FIXED No 360 360 360 488,000.00 488,000.00 First Lien 0 488,000.00 0.00 - 1,175,000.00 41.54 41.54 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103659804 SPRING HILL 34608 FL 20070401 20370301 ARMS No 360 360 359 157,500.00 157,500.00 First Lien 0 157,500.00 0.00 - 210,000.00 75.00 75.00 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103659836 DENVER 80246 CO 20070601 20370501 ARMS No 360 360 360 592,500.00 592,500.00 First Lien 0 592,500.00 0.00 790000 795000 75.00 75.00 No MI NO MI 0 6.0000 0.3750 0.0325 0.0000 0.4075 1103659838 STOCKTON 95219 CA 20070501 20370401 ARMS No 360 360 360 480,000.00 480,000.00 First Lien 0 480,000.00 0.00 - 850,000.00 56.48 56.48 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103659840 ANAHEIM HILLS 92808 CA 20070501 20370401 ARMS No 360 360 360 873,000.00 873,000.00 First Lien 0 873,000.00 0.00 1116000 1135000 78.23 78.23 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103659859 ORLANDO 32819 FL 20070201 20370101 ARMS No 360 360 357 144,000.00 144,000.00 First Lien 0 144,000.00 0.00 180000 195000 80.00 80.00 No MI NO MI 0 8.7500 0.3750 0.0325 0.0000 0.4075 1103659884 YORBA LINDA 92886 CA 20070501 20370401 ARMS No 360 360 360 343,500.00 343,500.00 First Lien 0 343,500.00 0.00 - 700,000.00 49.08 49.08 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103659922 LAFAYETTE 94549 CA 20070501 20370401 ARMS No 360 360 360 700,000.00 700,000.00 First Lien 0 700,000.00 0.00 - 1,100,000.00 63.64 63.64 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103659930 RICHMOND 94801 CA 20070501 20370401 ARMS No 360 360 360 176,000.00 176,000.00 First Lien 0 176,000.00 0.00 - 631,900.00 27.86 27.86 No MI NO MI 0 5.625 0.375 0.0325 0.000 0.4075 1103659944 CULVER CITY 90230 CA 20070501 20370401 ARMS No 360 360 360 744,000.00 744,000.00 First Lien 0 834,000.00 90,000.00 - 930,000.00 80.00 89.68 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103659949 VANCOUVER 98682 WA 20070501 20370401 FIXED No 360 360 360 110,625.00 110,625.00 First Lien 0 125,375.00 14,750.00 - 147,500.00 75.00 85.00 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103659952 PICO RIVERA 90660 CA 20070501 20370401 FIXED No 360 360 360 145,000.00 145,000.00 First Lien 0 145,000.00 0.00 - 475,000.00 30.53 30.53 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103659990 KIRKWOOD 63122 MO 20070501 20370401 ARMS No 360 360 360 499,000.00 498,453.81 First Lien 0 499,000.00 0.00 - 734,500.00 67.94 67.94 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 1103660004 DENVER 80238 CO 20070501 20370401 ARMS No 360 360 360 125,000.00 125,000.00 First Lien 0 125,000.00 0.00 250000 264000 50.00 50.00 No MI NO MI 0 5.5000 0.3750 0.0325 0.0000 0.4075 1103660022 SAN DIMAS 91773 CA 20070501 20370401 FIXED No 360 360 360 449,000.00 449,000.00 First Lien 0 449,000.00 0.00 - 585,000.00 76.76 76.76 No MI NO MI 0 7.250 0.250 0.0325 0.000 0.2825 1103660033 SAN JOSE 95123 CA 20070501 20370401 FIXED No 360 360 360 621,800.00 621,800.00 First Lien 0 621,800.00 0.00 - 830,000.00 74.92 74.92 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103660039 NEWPORT BEACH 92662 CA 20070501 20370401 FIXED No 360 360 360 999,999.00 999,999.00 First Lien 0 999,999.00 0.00 - 1,825,000.00 54.80 54.80 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103660053 OCEANSIDE 92056 CA 20070501 20370401 ARMS No 360 360 360 528,800.00 528,800.00 First Lien 0 528,800.00 0.00 661000 661000 80.00 80.00 No MI NO MI 0 5.6250 0.3750 0.0325 0.0000 0.4075 1103660065 TORRANCE 90503 CA 20070501 20370401 ARMS No 360 360 360 650,000.00 650,000.00 First Lien 0 778,700.00 128,700.00 - 826,000.00 78.70 94.28 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103660094 PHOENIX 85024 AZ 20070501 20370401 ARMS No 360 360 360 202,500.00 202,500.00 First Lien 0 202,500.00 0.00 - 270,000.00 75.00 75.00 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103660127 WEST PALM BEACH 33401 FL 20070501 20370401 ARMS No 360 360 360 161,250.00 161,250.00 First Lien 0 161,250.00 0.00 - 215,000.00 75.00 75.00 No MI NO MI 0 7.170 0.375 0.0325 0.000 0.4075 1103660147 OXFORD 04270 ME 20070501 20370401 FIXED No 360 360 360 95,000.00 95,000.00 First Lien 0 95,000.00 0.00 - 180,000.00 52.78 52.78 No MI NO MI 0 7.200 0.250 0.0325 0.000 0.2825 1103660170 RICHMOND 94804 CA 20070501 20370401 ARMS No 360 360 360 440,000.00 440,000.00 First Lien 0 440,000.00 0.00 - 600,000.00 73.34 73.34 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103660245 BOCA RATON 33428 FL 20070501 20370401 ARMS No 360 360 360 463,500.00 463,500.00 First Lien 0 463,500.00 0.00 515000 550000 90.00 90.00 PMI LPMI 25 7.0000 0.3750 0.0325 0.4700 0.8775 1103660261 MONTAGUE 07827 NJ 20070501 20370401 ARMS No 360 360 360 204,000.00 204,000.00 First Lien 0 255,000.00 51,000.00 - 255,000.00 80.00 100.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103660271 PANAMA CITY BEACH 32413 FL 20070501 20370401 ARMS No 360 360 360 198,000.00 198,000.00 First Lien 0 198,000.00 0.00 441660 480000 44.84 44.84 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103660279 RENO 89509 NV 20070501 20370401 ARMS No 360 360 360 125,000.00 125,000.00 First Lien 0 125,000.00 0.00 - 615,000.00 20.33 20.33 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103660290 SAN DIEGO 92154 CA 20070601 20370501 FIXED No 360 360 360 405,000.00 405,000.00 First Lien 0 405,000.00 0.00 - 540,000.00 75.00 75.00 No MI NO MI 0 7.375 0.250 0.0325 0.000 0.2825 1103660298 AUSTIN 78731 TX 20070501 20370401 FIXED No 360 360 360 417,000.00 417,000.00 First Lien 0 417,000.00 0.00 735000 735000 56.74 56.74 No MI NO MI 0 5.5000 0.2500 0.0325 0.0000 0.2825 1103660300 PASO ROBLES 93446 CA 20070501 20370401 ARMS No 360 360 360 350,000.00 350,000.00 First Lien 0 350,000.00 0.00 - 500,000.00 70.00 70.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103660328 LONG BEACH 90808 CA 20070501 20370401 ARMS No 360 360 360 260,000.00 260,000.00 First Lien 0 260,000.00 0.00 - 510,000.00 50.99 50.99 No MI NO MI 0 6.220 0.375 0.0325 0.000 0.4075 1103660400 VERADALE 99037 WA 20070501 20370401 FIXED No 360 360 360 172,500.00 172,500.00 First Lien 0 172,500.00 0.00 - 220,000.00 78.41 78.41 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103660419 PICO RIVERA 90660 CA 20070501 20370401 ARMS No 360 360 360 277,750.00 277,750.00 First Lien 0 277,750.00 0.00 - 505,000.00 55.00 55.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103660460 ELK GROVE 95624 CA 20070501 20370401 ARMS No 360 360 360 369,600.00 369,600.00 First Lien 0 462,000.00 92,400.00 462000 465000 80.00 100.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103660469 PORT SAINT LUCIE 34984 FL 20070501 20370401 FIXED No 360 360 360 182,000.00 182,000.00 First Lien 0 182,000.00 0.00 - 280,000.00 65.00 65.00 No MI NO MI 0 7.265 0.250 0.0325 0.000 0.2825 1103660480 SAN MATEO 94401 CA 20070501 20370401 ARMS No 360 360 360 462,000.00 462,000.00 First Lien 0 462,000.00 0.00 - 770,000.00 60.00 60.00 No MI NO MI 0 5.625 0.375 0.0325 0.000 0.4075 1103660507 FORT MYERS 33907 FL 20070501 20370401 ARMS No 360 360 360 215,650.00 215,650.00 First Lien 0 215,650.00 0.00 227000 227000 95.00 95.00 PMI LPMI 30 9.2500 0.3750 0.0325 1.0300 1.4375 1103660521 MODESTO 95354 CA 20070401 20370301 ARMS No 360 360 359 230,300.00 230,300.00 First Lien 0 230,300.00 0.00 - 330,000.00 69.79 69.79 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103660528 IRVINE 92604 CA 20070501 20370401 ARMS No 360 360 360 204,000.00 204,000.00 First Lien 0 204,000.00 0.00 - 425,000.00 48.00 48.00 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103660534 CHINO 91710 CA 20070501 20370401 ARMS No 360 360 360 300,000.00 299,728.80 First Lien 0 300,000.00 0.00 - 495,000.00 60.61 60.61 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103660560 LYNWOOD 90262 CA 20070501 20370401 ARMS No 360 360 360 356,000.00 356,000.00 First Lien 0 356,000.00 0.00 - 480,000.00 74.17 74.17 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103660581 BAKERSFIELD 93313 CA 20070501 20370401 ARMS No 360 360 360 228,000.00 228,000.00 First Lien 0 228,000.00 0.00 - 285,000.00 80.00 80.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103660621 NEWPORT NEWS 23607 VA 20070501 20370401 FIXED No 360 360 360 104,500.00 104,500.00 First Lien 0 104,500.00 0.00 - 150,000.00 69.67 69.67 No MI NO MI 0 7.500 0.250 0.0325 0.000 0.2825 1103660625 MIRAMAR 33023 FL 20070501 20370401 ARMS No 360 360 360 120,000.00 120,000.00 First Lien 0 120,000.00 0.00 - 190,000.00 63.16 63.16 No MI NO MI 0 8.125 0.375 0.0325 0.000 0.4075 1103660635 NAPLES 34102 FL 20070601 20370501 FIXED No 360 360 360 340,000.00 340,000.00 First Lien 0 340,000.00 0.00 - 430,000.00 79.07 79.07 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 1103660636 RIALTO 92376 CA 20070501 20370401 ARMS No 360 360 360 270,000.00 270,000.00 First Lien 0 270,000.00 0.00 - 390,000.00 69.24 69.24 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103660640 CONCORD 94521 CA 20070501 20370401 ARMS No 360 360 360 300,000.00 300,000.00 First Lien 0 337,450.00 37,450.00 - 375,000.00 80.00 89.99 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103660646 IRVINE 92620 CA 20070501 20370401 ARMS No 360 360 360 433,000.00 433,000.00 First Lien 0 533,000.00 100,000.00 - 850,000.00 50.95 62.71 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103660651 MANTECA 95336 CA 20070501 20370401 ARMS No 360 360 360 303,100.00 303,100.00 First Lien 0 328,100.00 25,000.00 - 433,000.00 70.00 75.78 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103660675 MURRIETA 92563 CA 20070501 20370401 ARMS No 360 360 360 300,000.00 300,000.00 First Lien 0 375,000.00 75,000.00 375000 375000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103660684 NORTH LAS VEGAS 89031 NV 20070501 20370401 ARMS No 360 360 360 319,992.00 319,992.00 First Lien 0 399,990.00 79,998.00 399990 430000 80.00 100.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103660694 ONTARIO 91761 CA 20070501 20370401 ARMS No 360 360 360 235,000.00 234,777.02 First Lien 0 235,000.00 0.00 - 443,000.00 53.05 53.05 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103660698 RIVERSIDE 92504 CA 20070501 20370401 ARMS No 360 360 360 210,000.00 210,000.00 First Lien 0 210,000.00 0.00 - 354,000.00 59.33 59.33 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103660713 MORENO VALLEY 92551 CA 20070501 20370401 ARMS No 360 360 360 210,000.00 210,000.00 First Lien 0 210,000.00 0.00 - 360,000.00 58.34 58.34 No MI NO MI 0 5.950 0.375 0.0325 0.000 0.4075 1103660727 VICTORVILLE 92392 CA 20070501 20370401 ARMS No 360 360 360 138,500.00 138,500.00 First Lien 0 138,500.00 0.00 - 533,000.00 25.99 25.99 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103660735 SAN LUIS OBISPO 93405 CA 20070501 20370401 ARMS No 360 360 360 790,000.00 789,232.17 First Lien 0 790,000.00 0.00 - 1,325,000.00 59.63 59.63 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103660797 CENTERVILLE 31028 TX 20070501 20370401 ARMS No 360 360 360 380,000.00 380,000.00 First Lien 0 380,000.00 0.00 475000 475000 80.00 80.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103660799 MANTECA 95336 CA 20070501 20370401 ARMS No 360 360 360 273,000.00 273,000.00 First Lien 0 273,000.00 0.00 - 390,000.00 70.00 70.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103660824 CHINO 91710 CA 20070501 20370401 ARMS No 360 360 360 319,000.00 319,000.00 First Lien 0 319,000.00 0.00 - 470,000.00 67.88 67.88 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103660862 HYATTSVILLE 20785 MD 20070501 20370401 ARMS No 360 360 360 263,000.00 263,000.00 First Lien 0 263,000.00 0.00 - 360,000.00 73.06 73.06 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103660890 WILTON 06897 CT 20070501 20370401 FIXED No 360 360 360 550,001.00 549,384.71 First Lien 0 550,001.00 0.00 967500 1000000 56.85 56.85 No MI NO MI 0 5.3750 0.2500 0.0325 0.0000 0.2825 1103660907 DALLAS 75209 TX 20070501 20370401 FIXED No 360 360 360 573,100.00 573,100.00 First Lien 0 573,100.00 0.00 - 1,119,000.00 51.22 51.22 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 1103660914 HIGHLAND 92346 CA 20070501 20370401 FIXED No 360 360 360 297,500.00 297,500.00 First Lien 0 297,500.00 0.00 - 500,000.00 59.50 59.50 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103660915 LOS ANGELES 90011 CA 20070401 20370301 ARMS No 360 360 359 371,000.00 371,000.00 First Lien 0 371,000.00 0.00 - 530,000.00 70.00 70.00 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103660917 LOS ANGELES 90062 CA 20070401 20370301 ARMS No 360 360 359 432,000.00 432,000.00 First Lien 0 525,000.00 93,000.00 - 540,000.00 80.00 97.23 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103660918 ANTIOCH 94531 CA 20070401 20370301 ARMS No 360 360 359 404,000.00 404,000.00 First Lien 0 504,000.00 100,000.00 505000 510000 80.00 99.81 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103660920 BOWIE 20720 MD 20070401 20370301 ARMS Yes 360 480 359 535,000.00 534,796.17 First Lien 0 535,000.00 0.00 - 690,000.00 77.54 77.54 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103660921 BAY POINT 94565 CA 20070401 20370301 ARMS Yes 360 480 359 338,000.00 337,851.99 First Lien 0 338,000.00 0.00 - 485,000.00 69.70 69.70 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103660922 TAMPA 33625 FL 20070401 20370301 ARMS Yes 360 480 359 322,905.00 322,836.03 First Lien 0 322,905.00 0.00 339900 339900 95.00 95.00 PMI LPMI 30 9.0000 0.3750 0.0325 1.5300 1.9375 1103660924 PEMBROKE PINES 33024 FL 20070401 20370301 ARMS No 360 360 359 248,000.00 248,000.00 First Lien 0 310,000.00 62,000.00 310000 310000 80.00 100.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 1103660925 RENO 89521 NV 20070401 20370301 ARMS Yes 360 480 359 445,000.00 444,881.46 First Lien 0 445,000.00 0.00 - 445,000.00 100.00 100.00 PMI LPMI 35 8.250 0.375 0.0325 1.380 1.7875 1103660926 SAINT AUGUSTINE 32086 FL 20070401 20370301 ARMS No 360 360 359 224,499.00 224,499.00 First Lien 0 224,499.00 0.00 236315 269000 95.00 95.00 PMI LPMI 30 8.8750 0.3750 0.0325 1.3000 1.7075 1103660927 TARPON SPRINGS 34689 FL 20070401 20370301 ARMS Yes 360 480 359 293,000.00 292,895.97 First Lien 0 293,000.00 0.00 293000 295000 100.00 100.00 PMI BPMI 35 7.2500 0.3750 0.0325 0.0000 0.4075 1103660928 PENSACOLA 32501 FL 20070401 20370301 ARMS Yes 360 480 359 98,910.00 98,882.67 First Lien 0 98,910.00 0.00 109900 112000 90.00 90.00 PMI BPMI 25 8.1250 0.3750 0.0325 0.0000 0.4075 1103660929 KISSIMMEE 34759 FL 20070401 20370301 ARMS No 360 360 359 152,000.00 152,000.00 First Lien 0 152,000.00 0.00 160000 185000 95.00 95.00 PMI LPMI 30 8.6250 0.3750 0.0325 0.8300 1.2375 1103660930 HOMESTEAD 33032 FL 20070401 20370301 ARMS No 360 360 359 366,519.00 366,313.52 First Lien 0 366,519.00 0.00 385810 389000 95.00 95.00 PMI LPMI 30 8.8750 0.3750 0.0325 1.4100 1.8175 1103660931 TAVERNIER 33070 FL 20070401 20370301 ARMS No 360 360 359 1,120,000.00 1,119,035.70 First Lien 0 1,120,000.00 0.00 - 1,400,000.00 80.00 80.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103660932 LANHAM 20706 MD 20070201 20370301 ARMS Yes 360 480 357 315,000.00 314,685.53 First Lien 0 315,000.00 0.00 - 353,000.00 89.24 89.24 PMI BPMI 25 7.500 0.375 0.0325 0.000 0.4075 1103660933 LONG BEACH 90805 CA 20070401 20370301 ARMS No 360 360 359 466,000.00 466,000.00 First Lien 0 466,000.00 0.00 466000 475000 100.00 100.00 PMI LPMI 35 8.7500 0.3750 0.0325 1.4000 1.8075 1103660934 MENIFEE 92584 CA 20070301 20370301 ARMS Yes 360 480 358 298,444.00 298,199.45 First Lien 0 373,055.00 74,611.00 373055 373500 80.00 100.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103660935 MIAMI 33182 FL 20070401 20370301 ARMS No 360 360 359 67,000.00 67,000.00 First Lien 0 67,000.00 0.00 - 240,000.00 27.92 27.92 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103660936 LEHIGH ACRES 33971 FL 20070401 20370301 ARMS No 360 360 359 221,250.00 221,250.00 First Lien 0 221,250.00 0.00 - 235,000.00 94.15 94.15 PMI LPMI 30 8.500 0.375 0.0325 1.310 1.7175 1103660937 RICHMOND 23224 VA 20070401 20370301 ARMS Yes 360 480 359 145,000.00 144,946.67 First Lien 0 145,000.00 0.00 145000 145000 100.00 100.00 PMI LPMI 35 7.1250 0.3750 0.0325 1.0400 1.4475 1103660938 BLACKSTONE 23824 VA 20070401 20370301 ARMS Yes 360 480 359 85,000.00 84,978.95 First Lien 0 85,000.00 0.00 85000 109200 100.00 100.00 PMI LPMI 35 8.5000 0.3750 0.0325 0.8100 1.2175 1103660939 SPRINGFIELD 22153 VA 20070401 20370301 ARMS No 360 360 359 361,000.00 361,000.00 First Lien 0 361,000.00 0.00 - 380,000.00 95.00 95.00 PMI LPMI 30 9.250 0.375 0.0325 1.430 1.8375 1103660941 SILVER SPRING 20902 MD 20070401 20370301 ARMS Yes 360 480 359 400,000.00 399,805.86 First Lien 0 400,000.00 0.00 - 532,000.00 75.19 75.19 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103660942 CHICAGO 60619 IL 20070401 20370301 ARMS No 360 360 359 106,200.00 106,200.00 First Lien 0 106,200.00 0.00 - 118,000.00 90.00 90.00 PMI LPMI 25 8.375 0.375 0.0325 1.590 1.9975 1103660943 KISSIMMEE 34758 FL 20070401 20370301 ARMS Yes 360 480 359 191,250.00 191,171.86 First Lien 0 191,250.00 0.00 - 225,000.00 85.00 85.00 PMI LPMI 22 6.750 0.375 0.0325 0.440 0.8475 1103660944 RENO 89502 NV 20070401 20370301 ARMS No 360 360 359 212,000.00 212,000.00 First Lien 0 265,000.00 53,000.00 265000 265000 80.00 100.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103660945 BOCA RATON 33486 FL 20070401 20370301 ARMS No 360 360 359 399,600.00 399,264.29 First Lien 0 399,600.00 0.00 444000 455000 90.00 90.00 PMI BPMI 25 6.8750 0.3750 0.0325 0.0000 0.4075 1103660946 KISSIMMEE 34747 FL 20070401 20370301 ARMS No 360 360 359 184,500.00 184,393.85 First Lien 0 184,500.00 0.00 205000 221000 90.00 90.00 PMI LPMI 25 8.7500 0.3750 0.0325 1.5600 1.9675 1103660947 MIAMI 33168 FL 20070401 20370301 ARMS Yes 360 480 359 220,000.00 219,906.93 First Lien 0 220,000.00 0.00 220000 250000 100.00 100.00 PMI BPMI 35 6.6250 0.3750 0.0325 0.0000 0.4075 1103660948 RENO 89506 NV 20070401 20370301 ARMS No 360 360 359 238,586.00 238,586.00 First Lien 0 298,233.00 59,647.00 298233 300000 80.00 100.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103660949 JONESBORO 30236 GA 20070401 20370301 ARMS Yes 360 480 359 146,300.00 146,253.31 First Lien 0 146,300.00 0.00 154000 165000 95.00 95.00 PMI BPMI 30 7.6250 0.3750 0.0325 0.0000 0.4075 1103660950 HIALEAH 33015 FL 20070401 20370301 ARMS No 360 360 359 235,410.00 235,410.00 First Lien 0 235,410.00 0.00 247800 253000 95.00 95.00 PMI BPMI 30 7.3750 0.3750 0.0325 0.0000 0.4075 1103660951 ORLANDO 32824 FL 20070401 20370301 ARMS Yes 360 480 359 230,000.00 229,906.03 First Lien 0 230,000.00 0.00 230000 253500 100.00 100.00 PMI BPMI 35 6.7500 0.3750 0.0325 0.0000 0.4075 1103660952 SARASOTA 34243 FL 20070401 20370301 ARMS No 360 360 359 344,850.00 344,850.00 First Lien 0 344,850.00 0.00 363000 368000 95.00 95.00 PMI BPMI 30 8.2500 0.3750 0.0325 0.0000 0.4075 1103660953 BRADENTON 34205 FL 20070401 20370301 ARMS No 360 360 359 139,000.00 138,906.74 First Lien 0 139,000.00 0.00 - 174,000.00 79.89 79.89 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103660954 PERRY HALL 21128 MD 20070401 20370301 ARMS No 360 360 359 216,000.00 215,851.35 First Lien 0 216,000.00 0.00 - 240,000.00 90.00 90.00 PMI LPMI 25 7.875 0.375 0.0325 0.690 1.0975 1103660955 ORLANDO 32801 FL 20070401 20370301 ARMS No 360 360 359 448,000.00 448,000.00 First Lien 0 503,900.00 55,900.00 - 560,000.00 80.00 89.99 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103660959 KISSIMMEE 34741 FL 20070401 20370301 ARMS No 360 360 359 171,936.00 171,936.00 First Lien 0 171,936.00 0.00 191041 238000 90.00 90.00 PMI LPMI 25 8.3750 0.3750 0.0325 0.7200 1.1275 1103660960 KISSIMMEE 34758 FL 20070401 20370301 ARMS Yes 360 480 359 198,000.00 197,916.25 First Lien 0 198,000.00 0.00 - 220,000.00 90.00 90.00 PMI BPMI 25 6.625 0.375 0.0325 0.000 0.4075 1103660961 ZEPHYRHILLS 33540 FL 20070401 20370301 ARMS Yes 360 480 359 183,200.00 183,130.21 First Lien 0 183,200.00 0.00 - 229,000.00 80.00 80.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103660962 MIAMI 33193 FL 20070401 20370301 ARMS No 360 360 359 155,920.00 155,920.00 First Lien 0 194,820.00 38,900.00 194900 195000 80.00 99.96 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103660963 LOS ANGELES 90001 CA 20070401 20370301 ARMS No 360 360 359 376,000.00 376,000.00 First Lien 0 470,000.00 94,000.00 470000 470000 80.00 100.00 No MI NO MI 0 8.1250 0.3750 0.0325 0.0000 0.4075 1103660964 KISSIMMEE 34746 FL 20070401 20370301 ARMS Yes 360 480 359 230,800.00 230,731.46 First Lien 0 230,800.00 0.00 243000 243000 94.98 94.98 PMI LPMI 30 7.8750 0.3750 0.0325 0.7800 1.1875 1103660965 ORLANDO 32817 FL 20070401 20370301 ARMS No 360 360 359 316,993.00 316,993.00 First Lien 0 396,242.00 79,249.00 396242 425000 80.00 100.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 1103660966 POMPANO BEACH 33060 FL 20070401 20370301 ARMS No 360 360 359 144,000.00 144,000.00 First Lien 0 180,000.00 36,000.00 180000 180000 80.00 100.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103660967 PORT SAINT LUCIE 34953 FL 20070401 20370301 ARMS No 360 360 359 251,750.00 251,619.48 First Lien 0 251,750.00 0.00 265000 274000 95.00 95.00 PMI LPMI 30 9.2500 0.3750 0.0325 1.4300 1.8375 1103660968 CAPE CORAL 33914 FL 20070401 20370301 ARMS No 360 360 359 193,500.00 193,500.00 First Lien 0 193,500.00 0.00 - 215,000.00 90.00 90.00 PMI LPMI 25 8.000 0.375 0.0325 0.920 1.3275 1103660969 CARMEL 46033 IN 20070401 20370301 ARMS No 360 360 359 187,150.00 187,042.33 First Lien 0 187,150.00 0.00 197000 200000 95.00 95.00 PMI LPMI 30 8.7500 0.3750 0.0325 1.4100 1.8175 1103660970 LADERA RANCH 92694 CA 20070401 20370301 ARMS Yes 360 480 359 650,000.00 649,673.61 First Lien 0 650,000.00 0.00 - 910,000.00 71.43 71.43 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103660971 SPRING HILL 34610 FL 20070401 20370301 ARMS Yes 360 480 359 269,000.00 268,911.04 First Lien 0 269,000.00 0.00 - 320,000.00 84.07 84.07 PMI LPMI 22 7.500 0.375 0.0325 0.540 0.9475 1103660972 NORTH PORT 34288 FL 20070401 20370301 ARMS No 360 360 359 243,000.00 242,828.50 First Lien 0 243,000.00 0.00 270000 270000 90.00 90.00 PMI LPMI 25 7.7500 0.3750 0.0325 0.9900 1.3975 1103660973 WINTER PARK 32789 FL 20070401 20370301 ARMS No 360 360 359 222,300.00 222,300.00 First Lien 0 222,300.00 0.00 247000 266000 90.00 90.00 PMI BPMI 25 7.7500 0.3750 0.0325 0.0000 0.4075 1103660974 POMPANO BEACH 33060 FL 20070401 20370301 ARMS No 360 360 359 179,900.00 179,796.50 First Lien 0 179,900.00 0.00 179900 179900 100.00 100.00 PMI LPMI 35 8.7500 0.3750 0.0325 1.6800 2.0875 1103660975 ORLANDO 32825 FL 20070401 20370301 ARMS No 360 360 359 234,000.00 233,850.79 First Lien 0 234,000.00 0.00 260000 260000 90.00 90.00 PMI LPMI 25 8.2500 0.3750 0.0325 0.7100 1.1175 1103660976 BRADENTON 34208 FL 20070401 20370301 ARMS Yes 360 480 359 212,960.00 212,875.97 First Lien 0 212,960.00 0.00 266200 306000 80.00 80.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103660979 REDONDO BEACH 90277 CA 20070401 20370301 ARMS No 360 360 359 440,000.00 440,000.00 First Lien 0 550,000.00 110,000.00 - 550,000.00 80.00 100.00 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 1103660980 DAVENPORT 33897 FL 20070401 20370301 ARMS Yes 360 480 359 285,000.00 284,934.44 First Lien 0 285,000.00 0.00 285000 285000 100.00 100.00 PMI LPMI 35 8.7500 0.3750 0.0325 1.7400 2.1475 1103660981 RENO 89523 NV 20070401 20370301 ARMS No 360 360 359 664,850.00 664,850.00 First Lien 0 789,509.00 124,659.00 842667 845000 78.90 93.70 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103660982 TITUSVILLE 32780 FL 20070401 20370301 ARMS No 360 360 359 161,100.00 161,100.00 First Lien 0 161,100.00 0.00 - 179,000.00 90.00 90.00 PMI BPMI 25 8.125 0.375 0.0325 0.000 0.4075 1103660983 SANFORD 32773 FL 20070401 20370301 ARMS Yes 360 480 359 145,350.00 145,316.56 First Lien 0 145,350.00 0.00 153000 153000 95.00 95.00 PMI LPMI 30 8.7500 0.3750 0.0325 1.4100 1.8175 1103660984 NORFOLK 23517 VA 20070401 20370301 ARMS Yes 360 480 359 160,000.00 159,950.74 First Lien 0 160,000.00 0.00 - 221,000.00 72.40 72.40 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103660985 ORLANDO 32826 FL 20070401 20370301 ARMS No 360 360 359 204,000.00 204,000.00 First Lien 0 204,000.00 0.00 204000 205000 100.00 100.00 PMI BPMI 35 7.1250 0.3750 0.0325 0.0000 0.4075 1103660986 LAKE WORTH 33460 FL 20070401 20370301 ARMS Yes 360 480 359 121,920.00 121,883.79 First Lien 0 121,920.00 0.00 - 170,000.00 71.72 71.72 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103660987 MARIETTA 30066 GA 20070401 20370301 ARMS No 360 360 359 161,500.00 161,500.00 First Lien 0 161,500.00 0.00 170000 188000 95.00 95.00 PMI LPMI 30 8.1250 0.3750 0.0325 0.8300 1.2375 1103660988 ORLANDO 32822 FL 20070401 20370301 ARMS No 360 360 359 185,600.00 185,600.00 First Lien 0 185,600.00 0.00 - 232,000.00 80.00 80.00 No MI NO MI 0 8.875 0.375 0.0325 0.000 0.4075 1103660989 ORLANDO 32829 FL 20070401 20370301 ARMS No 360 360 359 279,920.00 279,920.00 First Lien 0 279,920.00 0.00 349900 349900 80.00 80.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103660992 YUCCA VALLEY 92284 CA 20070301 20370201 ARMS No 360 360 358 140,000.00 140,000.00 First Lien 0 140,000.00 0.00 - 175,000.00 80.00 80.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103660993 APTOS 95003 CA 20070401 20370301 ARMS No 360 360 359 750,000.00 750,000.00 First Lien 0 750,000.00 0.00 - 1,020,000.00 73.53 73.53 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103660994 OCEANSIDE 92054 CA 20070401 20370301 ARMS No 360 360 359 459,900.00 459,900.00 First Lien 0 591,200.00 131,300.00 - 657,000.00 70.00 89.99 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103660995 FELTON 95018 CA 20070401 20370301 ARMS No 360 360 359 469,000.00 469,000.00 First Lien 0 469,000.00 0.00 - 675,000.00 69.49 69.49 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103660996 SAN PABLO 94806 CA 20070401 20370301 ARMS No 360 360 359 336,000.00 336,000.00 First Lien 0 336,000.00 0.00 - 420,000.00 80.00 80.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103660998 EAST WENATCHEE 98802 WA 20070401 20220301 FIXED No 180 180 179 173,000.00 172,417.70 First Lien 0 173,000.00 0.00 - 269,000.00 64.32 64.32 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103660999 VACAVILLE 95688 CA 20070401 20370301 FIXED No 360 360 359 200,000.00 200,000.00 First Lien 0 200,000.00 0.00 - 435,000.00 45.98 45.98 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103661000 PORTLAND 97202 OR 20070401 20370301 FIXED No 360 360 359 245,000.00 245,000.00 First Lien 0 245,000.00 0.00 - 350,000.00 70.00 70.00 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103661001 VISALIA 93291 CA 20070401 20370301 FIXED No 360 360 359 125,600.00 125,494.48 First Lien 0 125,600.00 0.00 - 157,000.00 80.00 80.00 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 1103661002 SAN DIEGO 92108 CA 20070401 20370301 FIXED No 360 360 359 294,000.00 294,000.00 First Lien 0 294,000.00 0.00 - 420,000.00 70.00 70.00 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103661003 LAS VEGAS 89148 NV 20070401 20370301 FIXED No 360 360 359 329,000.00 329,000.00 First Lien 0 422,953.00 93,953.00 - 470,000.00 70.00 89.99 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103661004 VICTORVILLE 92394 CA 20070401 20370301 FIXED No 360 360 359 301,000.00 301,000.00 First Lien 0 301,000.00 0.00 - 430,000.00 70.00 70.00 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103661005 CASA GRANDE 85222 AZ 20070401 20370301 FIXED No 360 360 359 182,000.00 182,000.00 First Lien 0 208,000.00 26,000.00 - 260,000.00 70.00 80.00 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103661006 CONIFER 80433 CO 20070401 20370301 FIXED No 360 360 359 206,500.00 206,500.00 First Lien 0 273,000.00 66,500.00 - 295,000.00 70.00 92.55 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103661007 TUCSON 85749 AZ 20070401 20370301 FIXED No 360 360 359 336,000.00 335,688.80 First Lien 0 411,500.00 75,500.00 - 420,000.00 80.00 97.98 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103661008 QUEEN CREEK 85242 AZ 20070401 20370301 FIXED No 360 360 359 469,000.00 469,000.00 First Lien 0 469,000.00 0.00 - 640,000.00 73.29 73.29 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103661009 GOLDEN 80401 CO 20070401 20370301 FIXED No 360 360 359 131,600.00 131,489.44 First Lien 0 188,000.00 56,400.00 - 188,000.00 70.00 100.00 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 1103661010 MISSION VIEJO 92692 CA 20070401 20370301 FIXED No 360 360 359 393,000.00 393,000.00 First Lien 0 393,000.00 0.00 - 825,000.00 47.64 47.64 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103661011 TEMECULA 92592 CA 20070401 20370301 FIXED No 360 360 359 276,000.00 276,000.00 First Lien 0 375,000.00 99,000.00 - 395,000.00 69.88 94.94 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103661012 ELK GROVE 95624 CA 20070401 20370301 FIXED No 360 360 359 215,950.00 215,745.10 First Lien 0 245,950.00 30,000.00 - 308,500.00 70.00 79.73 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103661013 SAN MATEO 94402 CA 20070401 20370301 FIXED No 360 360 359 500,000.00 500,000.00 First Lien 0 500,000.00 0.00 - 760,000.00 65.79 65.79 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103661014 VACAVILLE 95688 CA 20070401 20370301 FIXED No 360 360 359 480,000.00 480,000.00 First Lien 0 503,500.00 23,500.00 - 600,000.00 80.00 83.92 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103661015 RIVERSIDE AREA 92509 CA 20070401 20370301 FIXED No 360 360 359 220,000.00 220,000.00 First Lien 0 220,000.00 0.00 - 390,000.00 56.42 56.42 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103661016 LONG BEACH 90807 CA 20070401 20370301 FIXED No 360 360 359 289,500.00 289,500.00 First Lien 0 289,500.00 0.00 - 555,000.00 52.17 52.17 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 1103661017 COVINA 91722 CA 20070301 20370201 FIXED No 360 360 358 181,000.00 181,000.00 First Lien 0 181,000.00 0.00 - 465,000.00 38.93 38.93 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 1103661018 ORLANDO 32808 FL 20070501 20370401 ARMS No 360 360 360 76,000.00 76,000.00 First Lien 0 76,000.00 0.00 - 95,000.00 80.00 80.00 No MI NO MI 0 9.625 0.375 0.0325 0.000 0.4075 1103661040 MARTINEZ 94553 CA 20070501 20370401 ARMS No 360 360 360 376,000.00 376,000.00 First Lien 0 470,000.00 94,000.00 470000 470000 80.00 100.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103661057 PALMDALE 93550 CA 20070501 20370401 ARMS No 360 360 360 208,000.00 208,000.00 First Lien 0 208,000.00 0.00 - 324,000.00 64.20 64.20 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103661065 TEMPLE CITY 91780 CA 20070501 20370401 ARMS No 360 360 360 456,000.00 456,000.00 First Lien 0 456,000.00 0.00 - 570,000.00 80.00 80.00 No MI NO MI 0 8.750 0.375 0.0325 0.000 0.4075 1103661077 LANCASTER 93535 CA 20070501 20370401 ARMS No 360 360 360 212,000.00 212,000.00 First Lien 0 212,000.00 0.00 - 295,000.00 71.87 71.87 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103661082 CULVER CITY (AREA) LOS AN 90230 CA 20070501 20370401 ARMS No 360 360 360 370,000.00 370,000.00 First Lien 0 370,000.00 0.00 - 710,000.00 52.12 52.12 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103661087 REDLANDS 92374 CA 20070501 20370401 ARMS No 360 360 360 268,000.00 268,000.00 First Lien 0 268,000.00 0.00 - 685,000.00 39.13 39.13 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103661092 SPRING 77382 TX 20070501 20370401 ARMS No 360 360 360 539,000.00 538,423.77 First Lien 0 539,000.00 0.00 - 770,000.00 70.00 70.00 No MI NO MI 0 5.625 0.375 0.0325 0.000 0.4075 1103661120 SANTA ANA 92705 CA 20070501 20370401 ARMS No 360 360 360 750,000.00 750,000.00 First Lien 0 750,000.00 0.00 - 1,375,000.00 54.55 54.55 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 1103661123 LAUDERHILL 33313 FL 20070501 20370401 ARMS No 360 360 360 163,000.00 163,000.00 First Lien 0 163,000.00 0.00 - 230,000.00 70.87 70.87 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103661138 GAITHERSBURG 20877 MD 20070501 20370401 FIXED No 360 360 360 134,000.00 134,000.00 First Lien 0 134,000.00 0.00 - 340,000.00 39.42 39.42 No MI NO MI 0 7.000 0.250 0.0325 0.000 0.2825 1103661147 FORT MYERS 33907 FL 20070501 20370401 ARMS No 360 360 360 199,500.00 199,500.00 First Lien 0 199,500.00 0.00 210000 210000 95.00 95.00 PMI LPMI 30 9.5750 0.3750 0.0325 1.0200 1.4275 1103661156 POMPANO BEACH 33069 FL 20070201 20370101 FIXED No 360 360 357 243,000.00 242,666.06 First Lien 0 243,000.00 0.00 270000 270000 90.00 90.00 PMI LPMI 25 9.8750 0.2500 0.0325 0.8200 1.1025 1103661169 FAIRFIELD 94533 CA 20070501 20370401 ARMS No 360 360 360 280,000.00 280,000.00 First Lien 0 359,960.00 79,960.00 - 400,000.00 70.00 89.99 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103661176 LA PALMA 90623 CA 20070501 20370401 FIXED No 360 360 360 275,000.00 275,000.00 First Lien 0 275,000.00 0.00 - 690,000.00 39.86 39.86 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103661191 HILTON HEAD ISLAND 29928 SC 20070501 20370401 ARMS No 360 360 360 112,000.00 111,941.33 First Lien 0 112,000.00 0.00 - 167,000.00 67.07 67.07 No MI NO MI 0 9.200 0.375 0.0325 0.000 0.4075 1103661194 HINKLEY AREA 92347 CA 20070501 20370401 ARMS No 360 360 360 210,400.00 210,400.00 First Lien 0 210,400.00 0.00 - 263,000.00 80.00 80.00 No MI NO MI 0 8.250 0.375 0.0325 0.000 0.4075 1103661219 AREA OF LOS ANGELES 90003 CA 20070501 20370401 ARMS No 360 360 360 461,250.00 461,250.00 First Lien 0 461,250.00 0.00 - 615,000.00 75.00 75.00 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103661248 CLOVIS 88101 NM 20070501 20370401 ARMS No 360 360 360 167,650.00 167,650.00 First Lien 0 167,650.00 0.00 - 239,500.00 70.00 70.00 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103661269 LOS ANGELES 90047 CA 20070501 20370401 FIXED No 360 360 360 405,600.00 405,600.00 First Lien 0 405,600.00 0.00 - 624,000.00 65.00 65.00 No MI NO MI 0 5.990 0.250 0.0325 0.000 0.2825 1103661279 PORT SAINT LUICE 34953 FL 20070501 20370401 ARMS No 360 360 360 218,500.00 218,500.00 First Lien 0 218,500.00 0.00 230000 230000 95.00 95.00 PMI BPMI 30 9.5000 0.3750 0.0325 0.0000 0.4075 1103661288 DRUMS 18222 PA 20070401 20370301 ARMS No 360 360 359 138,550.00 138,452.20 First Lien 0 138,550.00 0.00 - 163,000.00 85.00 85.00 PMI BPMI 12 7.750 0.375 0.0325 0.000 0.4075 1103661289 LAKE ARIEL 18436 PA 20070401 20370301 ARMS No 360 360 359 190,500.00 190,362.12 First Lien 0 190,500.00 0.00 254000 255000 75.00 75.00 No MI NO MI 0 7.6250 0.3750 0.0325 0.0000 0.4075 1103661290 OSPREY 34229 FL 20070301 20370201 ARMS No 360 360 358 506,250.00 506,250.00 First Lien 0 506,250.00 0.00 - 675,000.00 75.00 75.00 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103661291 SARASOTA 34239 FL 20070301 20370201 ARMS No 360 360 358 740,000.00 740,000.00 First Lien 0 740,000.00 0.00 - 1,255,000.00 58.97 58.97 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103661292 REVERE 02151 MA 20070401 20370301 ARMS No 360 360 359 190,400.00 190,400.00 First Lien 0 238,000.00 47,600.00 - 238,000.00 80.00 100.00 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103661293 MARLBOROUGH 06447 CT 20070401 20370301 ARMS No 360 360 359 234,400.00 234,400.00 First Lien 0 249,000.00 14,600.00 - 293,000.00 80.00 84.99 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 1103661294 DILLSBURG 17019 PA 20070401 20370301 ARMS No 360 360 359 178,600.00 178,477.09 First Lien 0 178,600.00 0.00 188000 190000 95.00 95.00 PMI LPMI 30 7.8750 0.3750 0.0325 0.9800 1.3875 1103661295 TOPSFIELD 01983 MA 20070401 20370301 ARMS No 360 360 359 700,000.00 700,000.00 First Lien 0 700,000.00 0.00 - 1,000,000.00 70.00 70.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103661296 NORTH PROVIDENCE 02911 RI 20070401 20370301 ARMS No 360 360 359 229,500.00 229,500.00 First Lien 0 229,500.00 0.00 255000 255000 90.00 90.00 PMI BPMI 25 8.0000 0.3750 0.0325 0.0000 0.4075 1103661297 LAKE HARMONY 18624 PA 20070301 20370201 ARMS No 360 360 358 162,500.00 162,500.00 First Lien 0 162,500.00 0.00 212500 264000 76.48 76.48 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103661299 CHELSEA 02150 MA 20070301 20370201 ARMS No 360 360 358 301,600.00 301,600.00 First Lien 0 360,272.00 58,672.00 - 380,000.00 79.37 94.81 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103661300 MOSCOW 18444 PA 20070401 20370301 ARMS No 360 360 359 176,550.00 176,425.22 First Lien 0 176,550.00 0.00 - 235,400.00 75.00 75.00 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103661301 HAZLETON 18202 PA 20070301 20370201 ARMS No 360 360 358 137,500.00 137,218.95 First Lien 0 137,500.00 0.00 275000 279000 50.00 50.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103661302 CAMBRIDGE 02139 MA 20070301 20370201 ARMS No 360 360 358 214,120.00 214,120.00 First Lien 0 267,650.00 53,530.00 267650 275000 80.00 100.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103661303 EAST STROUDSBURG 18301 PA 20070501 20370401 ARMS No 360 360 360 140,000.00 140,000.00 First Lien 0 140,000.00 0.00 - 215,000.00 65.12 65.12 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103661304 BROOKLYN 11211 NY 20070301 20370201 ARMS No 360 360 358 501,000.00 500,931.27 First Lien 0 501,000.00 0.00 - 1,000,000.00 50.10 50.10 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103661305 GARFIELD 07026 NJ 20070401 20370301 ARMS No 360 360 359 447,000.00 447,000.00 First Lien 0 447,000.00 0.00 - 610,000.00 73.28 73.28 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103661306 NEW BEDFORD 02740 MA 20070301 20370201 ARMS No 360 360 358 196,350.00 196,350.00 First Lien 0 196,350.00 0.00 - 231,000.00 85.00 85.00 PMI BPMI 12 8.750 0.375 0.0325 0.000 0.4075 1103661307 BELMONT 03220 NH 20070401 20370301 ARMS No 360 360 359 213,750.00 213,750.00 First Lien 0 285,000.00 71,250.00 - 285,000.00 75.00 100.00 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103661309 LINWOOD 08221 NJ 20070401 20370301 ARMS No 360 360 359 177,500.00 177,500.00 First Lien 0 177,500.00 0.00 355000 355000 50.00 50.00 No MI NO MI 0 6.6250 0.3750 0.0325 0.0000 0.4075 1103661312 YORBA LINDA 92887 CA 20070501 20370401 ARMS No 360 360 360 465,500.00 465,500.00 First Lien 0 465,500.00 0.00 - 665,000.00 70.00 70.00 No MI NO MI 0 7.990 0.375 0.0325 0.000 0.4075 1103661342 BAKERSFIELD 93312 CA 20070501 20370401 ARMS No 360 360 360 299,500.00 299,500.00 First Lien 0 299,500.00 0.00 - 375,000.00 79.87 79.87 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103661343 LOVELAND 80538 CO 20070501 20370401 ARMS No 360 360 360 107,500.00 107,500.00 First Lien 0 107,500.00 0.00 - 175,000.00 61.43 61.43 No MI NO MI 0 7.450 0.375 0.0325 0.000 0.4075 1103661354 NANTUCKET 02554 MA 20070501 20370401 ARMS No 360 360 360 583,000.00 583,000.00 First Lien 0 583,000.00 0.00 - 1,200,000.00 48.59 48.59 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103661401 OAKLAND 94621 CA 20070501 20370401 ARMS No 360 360 360 250,000.00 250,000.00 First Lien 0 250,000.00 0.00 - 400,000.00 62.50 62.50 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103661403 SANTA ANA 92707 CA 20070501 20370401 ARMS Yes 360 480 360 296,000.00 295,851.37 First Lien 0 296,000.00 0.00 - 370,000.00 80.00 80.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103661437 QUEEN CREEK 85242 AZ 20070501 20370401 ARMS No 360 360 360 195,500.00 195,500.00 First Lien 0 195,500.00 0.00 230000 230000 85.00 85.00 PMI LPMI 22 9.6000 0.3750 0.0325 0.4400 0.8475 1103661450 ISSAQUAH 98029 WA 20070501 20370401 ARMS No 360 360 360 284,800.00 284,800.00 First Lien 0 338,200.00 53,400.00 356000 360000 80.00 95.00 No MI NO MI 0 6.1250 0.3750 0.0325 0.0000 0.4075 1103661482 LONG BEACH 90810 CA 20070501 20370401 ARMS No 360 360 360 236,000.00 236,000.00 First Lien 0 236,000.00 0.00 - 475,000.00 49.69 49.69 No MI NO MI 0 5.650 0.375 0.0325 0.000 0.4075 1103661529 CITRUS HEIGHTS 95610 CA 20070501 20370401 ARMS No 360 360 360 200,000.00 200,000.00 First Lien 0 200,000.00 0.00 - 315,000.00 63.50 63.50 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103661542 CANYON COUNTRY AREA 91387 CA 20070501 20370401 ARMS No 360 360 360 263,000.00 263,000.00 First Lien 0 326,000.00 63,000.00 - 385,000.00 68.32 84.68 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103661563 STEAMBOAT SPRINGS 80487 CO 20070501 20370401 ARMS No 360 360 360 454,500.00 454,500.00 First Lien 0 454,500.00 0.00 505000 546000 90.00 90.00 PMI LPMI 25 9.0000 0.3750 0.0325 0.7200 1.1275 1103661564 MIAMI 33147 FL 20070501 20370401 FIXED No 360 360 360 240,000.00 240,000.00 First Lien 0 240,000.00 0.00 - 310,000.00 77.42 77.42 No MI NO MI 0 7.500 0.250 0.0325 0.000 0.2825 1103661580 SCOTTSDALE 85255 AZ 20070501 20370401 ARMS No 360 360 360 500,000.00 500,000.00 First Lien 0 500,000.00 0.00 - 1,600,000.00 31.25 31.25 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103661586 MERRITT ISLAND 32952 FL 20070501 20370401 ARMS No 360 360 360 1,125,000.00 1,125,000.00 First Lien 0 1,125,000.00 0.00 - 1,500,000.00 75.00 75.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103661587 BOYNTON BEACH 33435 FL 20070401 20370301 ARMS No 360 360 359 159,800.00 159,631.04 First Lien 0 159,800.00 0.00 - 188,000.00 85.00 85.00 PMI LPMI 22 9.175 0.375 0.0325 0.780 1.1875 1103661593 GULFPORT 39507 MS 20070601 20370501 ARMS No 360 360 360 142,400.00 142,400.00 First Lien 0 170,900.00 28,500.00 189900 190000 74.99 90.00 No MI NO MI 0 6.6250 0.3750 0.0325 0.0000 0.4075 1103661638 YERINGTON 89447 NV 20070501 20370401 ARMS No 360 360 360 288,000.00 288,000.00 First Lien 0 341,000.00 53,000.00 - 360,000.00 80.00 94.73 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103661647 SAN CLEMENTE 92672 CA 20070601 20370501 FIXED No 360 360 360 740,000.00 740,000.00 First Lien 0 740,000.00 0.00 925000 925000 80.00 80.00 No MI NO MI 0 7.2500 0.2500 0.0325 0.0000 0.2825 1103661652 SAN JACINTO 92582 CA 20070101 20361201 FIXED No 360 360 356 262,400.00 262,400.00 First Lien 0 328,000.00 65,600.00 328000 370000 80.00 100.00 No MI NO MI 0 6.5000 0.2500 0.0325 0.0000 0.2825 1103661692 LOS ANGELES 91344 CA 20070501 20370401 ARMS No 360 360 360 290,000.00 290,000.00 First Lien 0 290,000.00 0.00 - 600,000.00 48.34 48.34 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103661701 LATHROP 95330 CA 20070501 20370401 ARMS No 360 360 360 270,000.00 270,000.00 First Lien 0 270,000.00 0.00 300000 396000 90.00 90.00 PMI LPMI 25 9.9900 0.3750 0.0325 0.7400 1.1475 1103661712 SAN CLEMENTE 92673 CA 20070501 20370401 ARMS No 360 360 360 476,000.00 475,628.67 First Lien 0 476,000.00 0.00 - 680,000.00 70.00 70.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103661724 LADERA RANCH 92694 CA 20070501 20370401 ARMS No 360 360 360 365,000.00 365,000.00 First Lien 0 365,000.00 0.00 - 800,000.00 45.63 45.63 No MI NO MI 0 5.800 0.375 0.0325 0.000 0.4075 1103661746 RIVERSIDE 92505 CA 20070501 20370401 ARMS No 360 360 360 262,500.00 262,500.00 First Lien 0 262,500.00 0.00 - 375,000.00 70.00 70.00 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103661747 COVINA 91723 CA 20070601 20370501 ARMS No 360 360 360 488,000.00 488,000.00 First Lien 0 610,000.00 122,000.00 610000 610000 80.00 100.00 No MI NO MI 0 7.6250 0.3750 0.0325 0.0000 0.4075 1103661781 RANCHO CUCAMONGA 91737 CA 20070501 20370401 ARMS No 360 360 360 508,000.00 508,000.00 First Lien 0 508,000.00 0.00 - 565,000.00 89.92 89.92 PMI LPMI 25 8.875 0.375 0.0325 1.040 1.4475 1103661783 EL MONTE 91731 CA 20070501 20370401 FIXED No 360 360 360 310,000.00 309,739.56 First Lien 0 310,000.00 0.00 - 470,000.00 65.96 65.96 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 1103661787 INDIANAPOLIS 46239 IN 20070101 20361201 ARMS No 360 360 356 134,400.00 132,981.00 First Lien 0 134,400.00 0.00 168000 170000 80.00 80.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103661791 HIALEAH 33015 FL 20070501 20370401 ARMS No 360 360 360 201,592.00 201,592.00 First Lien 0 251,990.00 50,398.00 251990 252000 80.00 100.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103661792 NORTH LAUDERDALE 33068 FL 20070401 20370301 ARMS No 360 360 359 203,000.00 203,000.00 First Lien 0 228,000.00 25,000.00 - 315,000.00 64.45 72.39 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103661793 PORT SAINT LUCIE 34986 FL 20070501 20370401 ARMS No 360 360 360 203,992.00 203,992.00 First Lien 0 254,990.00 50,998.00 254990 260000 80.00 100.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661794 HIALEAH 33015 FL 20070501 20370401 ARMS No 360 360 360 204,000.00 204,000.00 First Lien 0 255,000.00 51,000.00 255000 260000 80.00 100.00 No MI NO MI 0 8.1250 0.3750 0.0325 0.0000 0.4075 1103661795 PORT SAINT LUCIE 34953 FL 20070501 20370401 ARMS No 360 360 360 204,000.00 204,000.00 First Lien 0 204,000.00 0.00 - 255,000.00 80.00 80.00 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103661796 PORT SAINT LUCIE 34983 FL 20070401 20370301 ARMS No 360 360 359 205,120.00 205,120.00 First Lien 0 256,400.00 51,280.00 256400 260000 80.00 100.00 No MI NO MI 0 7.6250 0.3750 0.0325 0.0000 0.4075 1103661797 ARIZONA 85236 AZ 20070401 20370301 ARMS No 360 360 359 207,950.00 207,950.00 First Lien 0 259,938.00 51,988.00 259950 260000 80.00 100.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103661804 LAKE WORTH 33460 FL 20070201 20370101 ARMS No 360 360 357 1,000,000.00 1,000,000.00 First Lien 0 1,217,949.00 217,949.00 1295000 1475000 77.22 94.06 No MI NO MI 0 7.6250 0.3750 0.0325 0.0000 0.4075 1103661806 MONTE SERENO 95030 CA 20070101 20361201 ARMS No 360 360 356 1,000,000.00 1,000,000.00 First Lien 0 1,250,000.00 250,000.00 1250000 1350000 80.00 100.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103661807 KEY LARGO 33037 FL 20070501 20370401 ARMS No 360 360 360 1,000,000.00 1,000,000.00 First Lien 0 1,299,600.00 299,600.00 1368000 1368000 73.10 95.00 No MI NO MI 0 8.0000 0.3750 0.0325 0.0000 0.4075 1103661808 DENVER 80237 CO 20070401 20370301 ARMS No 360 360 359 138,000.00 138,000.00 First Lien 0 172,500.00 34,500.00 172500 175000 80.00 100.00 No MI NO MI 0 7.6250 0.3750 0.0325 0.0000 0.4075 1103661809 NORTH MIAMI BEACH 33162 FL 20070501 20370401 ARMS No 360 360 360 140,000.00 140,000.00 First Lien 0 157,500.00 17,500.00 175000 175000 80.00 90.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103661810 NORTH MIAMI BEACH 33162 FL 20070501 20370401 ARMS No 360 360 360 140,000.00 140,000.00 First Lien 0 157,500.00 17,500.00 175000 175000 80.00 90.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103661811 NORTH CHARLESTON 29418 SC 20070401 20370301 ARMS No 360 360 359 142,405.00 142,405.00 First Lien 0 142,405.00 0.00 149900 150000 95.00 95.00 PMI BPMI 30 8.2500 0.3750 0.0325 0.0000 0.4075 1103661813 CARMICHAEL 95608 CA 20070401 20370301 ARMS No 360 360 359 148,000.00 148,000.00 First Lien 0 185,000.00 37,000.00 185000 195000 80.00 100.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103661815 ELBERTON 30635 GA 20070401 20370301 ARMS No 360 360 359 107,800.00 107,725.80 First Lien 0 107,800.00 0.00 113500 115000 94.98 94.98 PMI BPMI 30 7.8750 0.3750 0.0325 0.0000 0.4075 1103661816 LAUDERHILL 33319 FL 20070401 20370301 ARMS No 360 360 359 108,000.00 108,000.00 First Lien 0 108,000.00 0.00 120000 145000 90.00 90.00 PMI BPMI 25 8.0000 0.3750 0.0325 0.0000 0.4075 1103661818 HAMTRAMCK 48212 MI 20070401 20370301 ARMS No 360 360 359 54,800.00 54,800.00 First Lien 0 64,052.00 9,252.00 - 72,000.00 76.12 88.97 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103661819 KINGSTREE 29556 SC 20070401 20370301 ARMS No 360 360 359 55,350.00 55,315.59 First Lien 0 55,350.00 0.00 - 73,800.00 75.00 75.00 No MI NO MI 0 8.375 0.375 0.0325 0.000 0.4075 1103661820 HEMINGWAY 29554 SC 20070401 20370301 ARMS No 360 360 359 63,750.00 63,710.37 First Lien 0 63,750.00 0.00 - 85,500.00 74.57 74.57 No MI NO MI 0 8.375 0.375 0.0325 0.000 0.4075 1103661821 BROWNVILLE 04414 ME 20070501 20370401 ARMS No 360 360 360 66,025.00 66,025.00 First Lien 0 66,025.00 0.00 69500 80000 95.00 95.00 PMI BPMI 30 8.2500 0.3750 0.0325 0.0000 0.4075 1103661822 DETROIT 48235 MI 20070401 20370301 ARMS No 360 360 359 68,000.00 67,952.00 First Lien 0 68,000.00 0.00 - 85,000.00 80.00 80.00 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103661825 RIDGE MANOR 33523 FL 20070401 20370301 ARMS No 360 360 359 81,600.00 81,600.00 First Lien 0 81,600.00 0.00 - 102,000.00 80.00 80.00 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103661826 PORT RICHEY 34668 FL 20070501 20370401 ARMS No 360 360 360 82,400.00 82,400.00 First Lien 0 92,700.00 10,300.00 103000 120000 80.00 90.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661827 MIAMI 85539 AZ 20070401 20370301 ARMS No 360 360 359 82,800.00 82,800.00 First Lien 0 82,800.00 0.00 92000 98000 90.00 90.00 PMI LPMI 25 8.2500 0.3750 0.0325 0.7000 1.1075 1103661829 PENSACOLA 32503 FL 20070401 20370301 ARMS No 360 360 359 87,920.00 87,920.00 First Lien 0 87,920.00 0.00 109900 138000 80.00 80.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103661830 SPOKANE VALLEY 99212 WA 20070401 20370301 ARMS No 360 360 359 90,000.00 89,931.51 First Lien 0 90,000.00 0.00 - 126,000.00 71.43 71.43 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103661831 COLUMBIA 65202 MO 20070501 20370401 ARMS No 360 360 360 91,040.00 91,040.00 First Lien 0 91,040.00 0.00 113800 114000 80.00 80.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103661833 LINCOLNTON 28092 NC 20070401 20370301 ARMS No 360 360 359 94,000.00 94,000.00 First Lien 0 117,500.00 23,500.00 117500 122000 80.00 100.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661834 CARY 27511 NC 20070401 20370301 ARMS No 360 360 359 94,400.00 94,341.32 First Lien 0 94,400.00 0.00 118000 125000 80.00 80.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103661835 KERNERSVILLE 27284 NC 20070401 20370301 ARMS No 360 360 359 100,700.00 100,634.10 First Lien 0 100,700.00 0.00 106000 117500 95.00 95.00 PMI BPMI 30 8.1250 0.3750 0.0325 0.0000 0.4075 1103661836 MATTHEWS 28105 NC 20070501 20370401 ARMS No 360 360 360 103,200.00 103,200.00 First Lien 0 103,200.00 0.00 129000 132000 80.00 80.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103661839 VERO BEACH 32960 FL 20070501 20370401 ARMS No 360 360 360 105,000.00 105,000.00 First Lien 0 140,000.00 35,000.00 140000 140000 75.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103661841 LYNCHBURG 24502 VA 20070401 20370301 ARMS No 360 360 359 109,600.00 109,600.00 First Lien 0 137,000.00 27,400.00 137000 138000 80.00 100.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103661842 HUDSON 34667 FL 20070201 20370101 ARMS No 360 360 357 110,400.00 110,027.30 First Lien 0 110,400.00 0.00 - 138,000.00 80.00 80.00 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103661843 PHOENIX 85027 AZ 20070401 20370301 ARMS No 360 360 359 110,400.00 110,400.00 First Lien 0 138,000.00 27,600.00 138000 138000 80.00 100.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103661844 PHOENIX 85042 AZ 20070401 20370301 ARMS No 360 360 359 112,000.00 111,928.60 First Lien 0 112,000.00 0.00 140000 140000 80.00 80.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661845 ATLANTA 30331 GA 20070501 20370401 ARMS No 360 360 360 114,260.00 114,260.00 First Lien 0 142,825.00 28,565.00 142825 146000 80.00 100.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103661846 SWANNANOA 28778 NC 20070501 20370401 ARMS No 360 360 360 115,200.00 115,200.00 First Lien 0 115,200.00 0.00 - 156,000.00 73.85 73.85 No MI NO MI 0 8.375 0.375 0.0325 0.000 0.4075 1103661848 HIALEAH 33010 FL 20070401 20370301 ARMS No 360 360 359 116,000.00 115,926.00 First Lien 0 145,000.00 29,000.00 145000 145000 80.00 100.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661849 TRENTON 08611 NJ 20070201 20370101 ARMS No 360 360 357 116,000.00 116,000.00 First Lien 0 116,000.00 0.00 - 145,000.00 80.00 80.00 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103661850 HOLLYWOOD 33020 FL 20070401 20370301 ARMS No 360 360 359 117,940.00 117,940.00 First Lien 0 147,425.00 29,485.00 147425 148000 80.00 100.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103661851 PHILADELPHIA 19149 PA 20070201 20370101 ARMS No 360 360 357 120,000.00 119,684.90 First Lien 0 150,000.00 30,000.00 150000 150000 80.00 100.00 No MI NO MI 0 8.1250 0.3750 0.0325 0.0000 0.4075 1103661852 HOUSTON 77011 TX 20070401 20370301 ARMS No 360 360 359 120,000.00 119,917.40 First Lien 0 120,000.00 0.00 - 150,000.00 80.00 80.00 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103661853 PORTLAND 97236 OR 20070501 20370401 ARMS No 360 360 360 120,000.00 120,000.00 First Lien 0 152,000.00 32,000.00 160000 167000 75.00 95.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103661854 WATERBURY 06704 CT 20070501 20370401 ARMS No 360 360 360 121,600.00 121,600.00 First Lien 0 136,800.00 15,200.00 152000 152000 80.00 90.00 No MI NO MI 0 8.0000 0.3750 0.0325 0.0000 0.4075 1103661855 PROVO 84604 UT 20070401 20370301 ARMS No 360 360 359 124,000.00 124,000.00 First Lien 0 124,000.00 0.00 155000 155000 80.00 80.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103661856 INDIANAPOLIS 46208 IN 20070201 20370101 ARMS No 360 360 357 125,000.00 125,000.00 First Lien 0 125,000.00 0.00 - 170,000.00 73.53 73.53 No MI NO MI 0 8.250 0.375 0.0325 0.000 0.4075 1103661857 FLOWERY BRANCH 30542 GA 20070401 20370301 ARMS No 360 360 359 125,600.00 125,600.00 First Lien 0 157,000.00 31,400.00 157000 157000 80.00 100.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661859 CHARLOTTE 28214 NC 20070401 20370301 ARMS No 360 360 359 126,624.00 126,624.00 First Lien 0 126,624.00 0.00 158281 162000 80.00 80.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103661860 BOURBONNAIS 60914 IL 20070401 20370301 ARMS No 360 360 359 211,600.00 211,600.00 First Lien 0 264,500.00 52,900.00 - 264,500.00 80.00 100.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103661861 PORT SAINT LUCIE 34983 FL 20070501 20370401 ARMS No 360 360 360 212,000.00 212,000.00 First Lien 0 265,000.00 53,000.00 - 265,000.00 80.00 100.00 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103661862 MIRAMAR 33025 FL 20070101 20361201 ARMS No 360 360 356 213,600.00 213,600.00 First Lien 0 267,000.00 53,400.00 267000 270000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103661863 UPPER MARLBORO 20772 MD 20070101 20361201 ARMS No 360 360 356 213,750.00 213,750.00 First Lien 0 285,000.00 71,250.00 285000 312000 75.00 100.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103661864 CHARLOTTE 28277 NC 20070401 20370301 ARMS No 360 360 359 216,000.00 216,000.00 First Lien 0 216,000.00 0.00 240000 243000 90.00 90.00 PMI BPMI 25 8.3750 0.3750 0.0325 0.0000 0.4075 1103661865 MOUNT PLEASANT 29464 SC 20070401 20370301 ARMS No 360 360 359 219,200.00 219,200.00 First Lien 0 274,000.00 54,800.00 274000 277000 80.00 100.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103661866 POMPANO BEACH 33064 FL 20070501 20370401 ARMS No 360 360 360 220,000.00 220,000.00 First Lien 0 261,250.00 41,250.00 275000 285000 80.00 95.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103661867 WEST PALM BEACH 33412 FL 20070501 20370401 ARMS No 360 360 360 223,920.00 223,920.00 First Lien 0 265,905.00 41,985.00 279900 280000 80.00 95.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103661868 BUCKEYE 85396 AZ 20070401 20370301 ARMS No 360 360 359 223,950.00 223,950.00 First Lien 0 279,938.00 55,988.00 279950 281000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103661870 GREENSBORO 27406 NC 20070401 20370301 ARMS No 360 360 359 131,920.00 131,920.00 First Lien 0 164,900.00 32,980.00 164900 179000 80.00 100.00 No MI NO MI 0 8.0000 0.3750 0.0325 0.0000 0.4075 1103661872 GULF SHORES 36542 AL 20070401 20370301 ARMS No 360 360 359 155,920.00 155,920.00 First Lien 0 185,155.00 29,235.00 194900 194900 80.00 95.00 No MI NO MI 0 8.1250 0.3750 0.0325 0.0000 0.4075 1103661873 MIAMI 33173 FL 20070501 20370401 ARMS No 360 360 360 156,000.00 156,000.00 First Lien 0 156,000.00 0.00 - 195,000.00 80.00 80.00 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103661874 COLORADO SPRINGS 80918 CO 20070401 20370301 ARMS No 360 360 359 156,750.00 156,644.80 First Lien 0 173,750.00 17,000.00 - 209,000.00 75.00 83.14 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103661877 ROYAL PALM BEACH 33411 FL 20070401 20370301 ARMS No 360 360 359 159,750.00 159,750.00 First Lien 0 213,000.00 53,250.00 213000 213000 75.00 100.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 1103661878 PAWTUCKET 02860 RI 20070201 20370101 ARMS No 360 360 357 160,000.00 159,578.90 First Lien 0 200,000.00 40,000.00 200000 250000 80.00 100.00 No MI NO MI 0 8.1250 0.3750 0.0325 0.0000 0.4075 1103661879 FAIRBURN 30213 GA 20070401 20370301 ARMS No 360 360 359 161,764.00 161,764.00 First Lien 0 184,007.00 22,243.00 202205 206000 80.00 91.01 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103661881 FORT LAUDERDALE 33311 FL 20070401 20370301 ARMS No 360 360 359 165,750.00 165,750.00 First Lien 0 165,750.00 0.00 - 255,000.00 65.00 65.00 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103661882 WINTER PARK 32792 FL 20070401 20370301 ARMS No 360 360 359 166,000.00 166,000.00 First Lien 0 166,000.00 0.00 - 207,500.00 80.00 80.00 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103661883 HIGLEY 85236 AZ 20070501 20370401 ARMS No 360 360 360 167,950.00 167,950.00 First Lien 0 188,944.00 20,994.00 209950 215000 80.00 90.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103661884 THOMASVILLE 31792 GA 20070401 20370301 ARMS No 360 360 359 168,000.00 167,881.40 First Lien 0 199,500.00 31,500.00 - 210,000.00 80.00 95.00 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103661885 AUSTIN 78704 TX 20070401 20370301 ARMS No 360 360 359 169,000.00 168,894.90 First Lien 0 169,000.00 0.00 178000 178000 94.95 94.95 PMI BPMI 30 8.3750 0.3750 0.0325 0.0000 0.4075 1103661886 WEST SPRINGFIELD 01089 MA 20070401 20370301 ARMS No 360 360 359 169,600.00 169,483.30 First Lien 0 169,600.00 0.00 - 212,000.00 80.00 80.00 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103661887 MAPLEWOOD 55109 MN 20070401 20370301 ARMS No 360 360 359 171,000.00 170,893.70 First Lien 0 171,000.00 0.00 190000 191000 90.00 90.00 PMI BPMI 25 8.3750 0.3750 0.0325 0.0000 0.4075 1103661888 MUNISING 49862 MI 20070401 20370301 ARMS No 360 360 359 173,610.00 173,504.80 First Lien 0 173,610.00 0.00 192900 192900 90.00 90.00 PMI BPMI 25 8.5000 0.3750 0.0325 0.0000 0.4075 1103661890 PORT SAINT LUCIE 34953 FL 20070401 20370301 ARMS No 360 360 359 175,920.00 175,920.00 First Lien 0 208,905.00 32,985.00 219900 233000 80.00 95.00 No MI NO MI 0 8.0000 0.3750 0.0325 0.0000 0.4075 1103661892 MIAMI 33173 FL 20070501 20370401 ARMS No 360 360 360 176,000.00 176,000.00 First Lien 0 220,000.00 44,000.00 220000 220000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103661893 DURHAM 27705 NC 20070401 20370301 ARMS No 360 360 359 179,100.00 179,100.00 First Lien 0 179,100.00 0.00 - 238,800.00 75.00 75.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103661894 SOUTH SAINT PAUL 55075 MN 20070401 20370301 ARMS No 360 360 359 180,000.00 180,000.00 First Lien 0 228,000.00 48,000.00 240000 240000 75.00 95.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103661895 SCOTTSDALE 85251 AZ 20070401 20370301 ARMS No 360 360 359 184,000.00 183,866.80 First Lien 0 230,000.00 46,000.00 230000 230000 80.00 100.00 No MI NO MI 0 7.6250 0.3750 0.0325 0.0000 0.4075 1103661897 HIGLEY 85236 AZ 20070401 20370301 ARMS No 360 360 359 184,000.00 184,000.00 First Lien 0 195,000.00 11,000.00 - 230,000.00 80.00 84.79 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103661898 AVONDALE 85323 AZ 20070401 20370301 ARMS No 360 360 359 187,500.00 187,500.00 First Lien 0 250,000.00 62,500.00 250000 256000 75.00 100.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661899 MIAMI 33156 FL 20070301 20370201 ARMS No 360 360 358 188,005.00 187,616.40 First Lien 0 188,005.00 0.00 197900 198000 95.00 95.00 PMI BPMI 30 7.8750 0.3750 0.0325 0.0000 0.4075 1103661900 COVINGTON 30014 GA 20070401 20370301 ARMS No 360 360 359 188,000.00 188,000.00 First Lien 0 188,000.00 0.00 - 235,000.00 80.00 80.00 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103661901 EDINA 55435 MN 20070401 20370301 ARMS No 360 360 359 188,100.00 188,100.00 First Lien 0 188,100.00 0.00 - 198,000.00 95.00 95.00 PMI LPMI 30 9.375 0.375 0.0325 1.230 1.6375 1103661903 CHICAGO 60645 IL 20070401 20370301 ARMS No 360 360 359 191,550.00 191,550.00 First Lien 0 242,630.00 51,080.00 255400 256000 75.00 95.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661904 WATERBURY 06706 CT 20070201 20370101 ARMS No 360 360 357 192,000.00 191,413.00 First Lien 0 192,000.00 0.00 240000 240000 80.00 80.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103661905 GLENDALE 85301 AZ 20070401 20370301 ARMS No 360 360 359 194,280.00 194,280.00 First Lien 0 242,850.00 48,570.00 242850 243000 80.00 100.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103661907 LAS VEGAS 89108 NV 20070401 20370301 ARMS No 360 360 359 195,300.00 195,300.00 First Lien 0 195,300.00 0.00 - 280,000.00 69.75 69.75 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103661910 WEST PALM BEACH 33409 FL 20070401 20370301 ARMS No 360 360 359 198,400.00 198,400.00 First Lien 0 248,000.00 49,600.00 248000 248000 80.00 100.00 No MI NO MI 0 8.1250 0.3750 0.0325 0.0000 0.4075 1103661912 LAS VEGAS 89178 NV 20070401 20370301 ARMS No 360 360 359 228,756.00 228,756.00 First Lien 0 285,945.00 57,189.00 285945 287000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103661913 MOUNT PLEASANT 29464 SC 20070501 20370401 ARMS No 360 360 360 228,800.00 228,800.00 First Lien 0 228,800.00 0.00 - 352,000.00 65.00 65.00 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 1103661915 NEW PORT RICHEY 34652 FL 20070301 20370201 ARMS No 360 360 358 232,000.00 231,654.60 First Lien 0 290,000.00 58,000.00 - 290,000.00 80.00 100.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103661916 MANASSAS 20111 VA 20070101 20361201 ARMS No 360 360 356 233,600.00 233,600.00 First Lien 0 292,000.00 58,400.00 - 292,000.00 80.00 100.00 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103661917 EVERETT 98201 WA 20070401 20370301 ARMS No 360 360 359 235,500.00 235,281.90 First Lien 0 235,500.00 0.00 - 314,000.00 75.00 75.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103661918 DENVER 80210 CO 20070401 20370301 ARMS No 360 360 359 236,000.00 236,000.00 First Lien 0 236,000.00 0.00 295000 319000 80.00 80.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103661921 PORTLAND 97219 OR 20070501 20370401 ARMS No 360 360 360 239,200.00 239,200.00 First Lien 0 299,000.00 59,800.00 299000 299000 80.00 100.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661922 CHICAGO 60619 IL 20070401 20370301 ARMS No 360 360 359 244,000.00 243,844.40 First Lien 0 244,000.00 0.00 - 305,000.00 80.00 80.00 No MI NO MI 0 8.250 0.375 0.0325 0.000 0.4075 1103661923 IDAHO FALLS 83404 ID 20070401 20370301 ARMS No 360 360 359 246,400.00 246,400.00 First Lien 0 308,000.00 61,600.00 308000 310000 80.00 100.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103661924 ADAMSTOWN 21710 MD 20070301 20370201 ARMS No 360 360 358 247,300.00 247,300.00 First Lien 0 278,200.00 30,900.00 309175 311000 79.99 89.99 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103661925 DACULA 30019 GA 20070401 20370301 ARMS No 360 360 359 247,688.00 247,688.00 First Lien 0 247,688.00 0.00 260725 261000 95.00 95.00 PMI BPMI 30 7.0000 0.3750 0.0325 0.0000 0.4075 1103661926 TUCSON 85716 AZ 20070401 20370301 ARMS No 360 360 359 248,000.00 248,000.00 First Lien 0 248,000.00 0.00 310000 330000 80.00 80.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103661927 MALDEN 02148 MA 20070401 20370301 ARMS No 360 360 359 248,800.00 248,800.00 First Lien 0 311,000.00 62,200.00 311000 320000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103661928 PASO ROBLES 93446 CA 20070501 20370401 ARMS No 360 360 360 250,000.00 250,000.00 First Lien 0 250,000.00 0.00 - 440,000.00 56.82 56.82 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103661929 MIRAMAR 33025 FL 20070501 20370401 ARMS No 360 360 360 252,000.00 252,000.00 First Lien 0 308,700.00 56,700.00 - 315,000.00 80.00 98.00 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103661930 CHICAGO 60678 IL 20070401 20370301 ARMS No 360 360 359 253,500.00 253,500.00 First Lien 0 253,500.00 0.00 268233 274000 94.51 94.51 PMI LPMI 30 9.8750 0.3750 0.0325 1.2500 1.6575 1103661931 ORLANDO 32835 FL 20070501 20370401 ARMS No 360 360 360 256,000.00 256,000.00 First Lien 0 320,000.00 64,000.00 320000 320000 80.00 100.00 No MI NO MI 0 8.1250 0.3750 0.0325 0.0000 0.4075 1103661932 ATLANTA 30315 GA 20070501 20370401 ARMS No 360 360 360 256,000.00 256,000.00 First Lien 0 320,000.00 64,000.00 320000 320000 80.00 100.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103661933 BOSTON 02122 MA 20070401 20370301 ARMS No 360 360 359 258,750.00 258,750.00 First Lien 0 327,750.00 69,000.00 345000 345415 75.00 95.00 No MI NO MI 0 8.1250 0.3750 0.0325 0.0000 0.4075 1103661935 CHICAGO 60659 IL 20070401 20370301 ARMS No 360 360 359 260,000.00 259,834.20 First Lien 0 308,750.00 48,750.00 325000 374000 80.00 95.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661936 CHANDLER 85225 AZ 20070401 20370301 ARMS No 360 360 359 263,700.00 263,494.30 First Lien 0 263,700.00 0.00 - 293,000.00 90.00 90.00 PMI BPMI 25 7.250 0.375 0.0325 0.000 0.4075 1103661937 GURNEE 60031 IL 20070501 20370401 ARMS No 360 360 360 268,000.00 268,000.00 First Lien 0 301,500.00 33,500.00 - 335,000.00 80.00 90.00 No MI NO MI 0 8.375 0.375 0.0325 0.000 0.4075 1103661938 TAMPA 33611 FL 20070401 20370301 ARMS No 360 360 359 270,000.00 270,000.00 First Lien 0 270,000.00 0.00 - 300,000.00 90.00 90.00 PMI BPMI 25 7.375 0.375 0.0325 0.000 0.4075 1103661939 CAPITOL HEIGHTS 20743 MD 20070401 20370301 ARMS No 360 360 359 270,000.00 270,000.00 First Lien 0 270,000.00 0.00 - 306,000.00 88.24 88.24 PMI BPMI 25 7.625 0.375 0.0325 0.000 0.4075 1103661940 BOWIE 20716 MD 20070301 20370201 ARMS No 360 360 358 272,250.00 271,579.40 First Lien 0 363,000.00 90,750.00 - 363,000.00 75.00 100.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103661942 DRACUT 01826 MA 20070401 20370301 ARMS No 360 360 359 276,800.00 276,800.00 First Lien 0 346,000.00 69,200.00 346000 359000 80.00 100.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103661945 STRATFORD 06614 CT 20070401 20370301 ARMS No 360 360 359 284,000.00 283,804.60 First Lien 0 331,333.00 47,333.00 - 365,000.00 77.81 90.78 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103661946 MIAMI 33177 FL 20070201 20370101 ARMS No 360 360 357 284,800.00 284,800.00 First Lien 0 284,800.00 0.00 - 356,000.00 80.00 80.00 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103661947 CEDAR HILLS 84062 UT 20070401 20370301 ARMS No 360 360 359 288,000.00 288,000.00 First Lien 0 324,000.00 36,000.00 360000 362000 80.00 90.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103661949 SEATTLE 98106 WA 20070401 20370301 ARMS No 360 360 359 292,000.00 292,000.00 First Lien 0 292,000.00 0.00 - 365,000.00 80.00 80.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103661950 PHILADELPHIA 19104 PA 20070501 20370401 ARMS No 360 360 360 292,000.00 292,000.00 First Lien 0 292,000.00 0.00 - 365,000.00 80.00 80.00 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103661951 FAIRFAX 22030 VA 20070101 20361201 ARMS No 360 360 356 296,000.00 296,000.00 First Lien 0 351,500.00 55,500.00 370000 370000 80.00 95.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661952 SEATTLE 98106 WA 20070401 20370301 ARMS No 360 360 359 299,200.00 299,200.00 First Lien 0 374,000.00 74,800.00 374000 375000 80.00 100.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103661953 SAINT PETERSBURG 33716 FL 20070401 20370301 ARMS No 360 360 359 300,320.00 300,113.30 First Lien 0 356,630.00 56,310.00 375400 379900 80.00 95.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103661954 PEORIA 85383 AZ 20070401 20370301 ARMS No 360 360 359 304,000.00 304,000.00 First Lien 0 380,000.00 76,000.00 380000 383000 80.00 100.00 No MI NO MI 0 7.6250 0.3750 0.0325 0.0000 0.4075 1103661955 GILBERT 85297 AZ 20070401 20370301 ARMS No 360 360 359 305,550.00 305,550.00 First Lien 0 381,900.00 76,350.00 381939 420000 80.00 99.99 No MI NO MI 0 7.6250 0.3750 0.0325 0.0000 0.4075 1103661956 ASHBURN 20147 VA 20070401 20370301 ARMS No 360 360 359 305,600.00 305,600.00 First Lien 0 382,000.00 76,400.00 382000 384000 80.00 100.00 No MI NO MI 0 7.6250 0.3750 0.0325 0.0000 0.4075 1103661958 OAKLAND PARK 33309 FL 20070401 20370301 ARMS No 360 360 359 313,600.00 313,600.00 First Lien 0 392,000.00 78,400.00 392000 420000 80.00 100.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103661959 BLOOMINGTON 55420 MN 20070401 20370301 ARMS No 360 360 359 315,400.00 315,400.00 First Lien 0 315,400.00 0.00 332000 351000 95.00 95.00 PMI LPMI 30 10.1250 0.3750 0.0325 1.0200 1.4275 1103661960 ENGLEWOOD 34224 FL 20070501 20370401 ARMS No 360 360 360 317,520.00 317,520.00 First Lien 0 357,210.00 39,690.00 396900 410000 80.00 90.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103661961 WADDELL 85355 AZ 20070501 20370401 ARMS No 360 360 360 320,150.00 320,150.00 First Lien 0 400,188.00 80,038.00 400221 412000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103661962 NASHUA 03062 NH 20070201 20370101 ARMS No 360 360 357 328,000.00 326,893.30 First Lien 0 328,000.00 0.00 - 410,000.00 80.00 80.00 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103661963 SPRING VALLEY 10977 NY 20070501 20370401 ARMS No 360 360 360 328,000.00 328,000.00 First Lien 0 328,000.00 0.00 365000 370000 89.87 89.87 PMI LPMI 25 7.5000 0.3750 0.0325 0.3600 0.7675 1103661964 PHOENIX 85016 AZ 20070501 20370401 ARMS No 360 360 360 330,200.00 330,200.00 First Lien 0 412,750.00 82,550.00 412805 430000 79.99 99.99 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103661965 MARICOPA 85239 AZ 20070401 20370301 ARMS No 360 360 359 331,700.00 331,700.00 First Lien 0 414,600.00 82,900.00 414647 444000 80.00 99.99 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103661966 MONTGOMERY TWP. 08540 NJ 20070401 20370301 ARMS No 360 360 359 335,000.00 335,000.00 First Lien 0 335,000.00 0.00 - 550,000.00 60.91 60.91 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103661967 JOLIET 60431 IL 20070401 20370301 ARMS No 360 360 359 336,000.00 336,000.00 First Lien 0 420,000.00 84,000.00 420000 420000 80.00 100.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103661968 ORLANDO 32832 FL 20070401 20370301 ARMS No 360 360 359 347,000.00 347,000.00 First Lien 0 347,000.00 0.00 365269 424000 95.00 95.00 PMI BPMI 30 7.2500 0.3750 0.0325 0.0000 0.4075 1103661969 CLOVER 29710 SC 20070501 20370401 ARMS No 360 360 360 350,000.00 350,000.00 First Lien 0 350,000.00 0.00 - 470,000.00 74.47 74.47 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103661970 WINTER PARK 32789 FL 20070401 20370301 ARMS No 360 360 359 360,000.00 360,000.00 First Lien 0 405,000.00 45,000.00 - 450,000.00 80.00 90.00 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103661972 JERSEY CITY 07304 NJ 20070401 20370301 ARMS No 360 360 359 370,258.00 370,027.86 First Lien 0 528,940.00 158,682.00 528940 528940 70.00 100.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103661974 GILBERT 85297 AZ 20070401 20370301 ARMS No 360 360 359 382,179.00 382,179.00 First Lien 0 429,951.00 47,772.00 478484 510000 79.88 89.86 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103661975 TOMS RIVER 08753 NJ 20070401 20370301 ARMS No 360 360 359 383,000.00 382,701.30 First Lien 0 383,000.00 0.00 - 520,000.00 73.66 73.66 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103661976 MODESTO 95350 CA 20070401 20370301 ARMS No 360 360 359 384,000.00 384,000.00 First Lien 0 480,000.00 96,000.00 480000 480000 80.00 100.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103661978 PEMBROKE PINES 33029 FL 20070401 20370301 ARMS No 360 360 359 388,000.00 388,000.00 First Lien 0 485,000.00 97,000.00 485000 485000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103661979 ORLANDO 32837 FL 20070401 20370301 ARMS No 360 360 359 392,000.00 392,000.00 First Lien 0 490,000.00 98,000.00 490000 490000 80.00 100.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103661981 SILVER SPRING 20902 MD 20070101 20361201 ARMS No 360 360 356 395,200.00 395,200.00 First Lien 0 494,000.00 98,800.00 494000 500000 80.00 100.00 No MI NO MI 0 8.1250 0.3750 0.0325 0.0000 0.4075 1103661982 NAPLES 34120 FL 20070501 20370401 ARMS No 360 360 360 397,300.00 397,300.00 First Lien 0 496,625.00 99,325.00 496668 520000 80.00 100.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103661987 QUEEN CREEK 85243 AZ 20070201 20370101 ARMS No 360 360 357 412,000.00 412,000.00 First Lien 0 463,500.00 51,500.00 - 515,000.00 80.00 90.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103661988 WOODBRIDGE 22192 VA 20070401 20370301 ARMS No 360 360 359 412,500.00 412,500.00 First Lien 0 495,000.00 82,500.00 - 520,000.00 79.33 95.20 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103661990 BROOKLYN 11212 NY 20070401 20370301 ARMS No 360 360 359 504,000.00 504,000.00 First Lien 0 684,000.00 180,000.00 720000 720000 70.00 95.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661991 EVANSTON 60201 IL 20070501 20370401 ARMS No 360 360 360 551,200.00 551,200.00 First Lien 0 689,000.00 137,800.00 689000 689000 80.00 100.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661993 MIAMI BEACH 33141 FL 20070401 20370301 ARMS No 360 360 359 440,800.00 440,800.00 First Lien 0 523,450.00 82,650.00 551000 650000 80.00 95.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103661995 STONE MOUNTAIN 30087 GA 20070401 20370301 ARMS No 360 360 359 436,950.00 436,656.80 First Lien 0 436,950.00 0.00 490970 490000 89.18 89.18 PMI LPMI 25 8.0000 0.3750 0.0325 0.2500 0.6575 1103661996 BOLINGBROOK 60440 IL 20070501 20370401 ARMS No 360 360 360 440,000.00 440,000.00 First Lien 0 440,000.00 0.00 - 550,000.00 80.00 80.00 No MI NO MI 0 8.375 0.375 0.0325 0.000 0.4075 1103661998 PALM BEACH GARDENS 33418 FL 20070401 20370301 ARMS No 360 360 359 450,000.00 450,000.00 First Lien 0 450,000.00 0.00 500000 500000 90.00 90.00 PMI LPMI 25 7.2500 0.3750 0.0325 0.3100 0.7175 1103661999 LAUREL 20707 MD 20070101 20361201 ARMS No 360 360 356 455,920.00 453,813.90 First Lien 0 569,900.00 113,980.00 569900 576000 80.00 100.00 No MI NO MI 0 8.1250 0.3750 0.0325 0.0000 0.4075 1103662000 HALLANDALE 33009 FL 20070501 20370401 ARMS No 360 360 360 461,250.00 461,250.00 First Lien 0 615,000.00 153,750.00 615000 615000 75.00 100.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103662001 PURCELLVILLE 20132 VA 20070401 20370301 ARMS No 360 360 359 463,992.00 463,992.00 First Lien 0 579,990.00 115,998.00 579990 602000 80.00 100.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103662003 CHANDLER 85249 AZ 20070501 20370401 ARMS No 360 360 360 469,350.00 469,350.00 First Lien 0 469,350.00 0.00 586710 600000 80.00 80.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103662004 BELLEVUE 98006 WA 20070401 20370301 ARMS No 360 360 359 480,000.00 480,000.00 First Lien 0 540,000.00 60,000.00 - 625,000.00 76.80 86.40 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103662005 SAN DIEGO 92116 CA 20070401 20370301 ARMS No 360 360 359 480,000.00 480,000.00 First Lien 0 540,000.00 60,000.00 - 600,000.00 80.00 90.00 No MI NO MI 0 8.375 0.375 0.0325 0.000 0.4075 1103662006 BELTSVILLE 20705 MD 20070301 20370201 ARMS No 360 360 358 500,000.00 500,000.00 First Lien 0 560,000.00 60,000.00 - 645,000.00 77.52 86.83 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103662007 NAPLES 34119 FL 20070401 20370301 ARMS No 360 360 359 517,500.00 517,500.00 First Lien 0 655,500.00 138,000.00 690000 690000 75.00 95.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103662008 LAS VEGAS 89145 NV 20070401 20370301 ARMS No 360 360 359 522,150.00 522,150.00 First Lien 0 671,336.00 149,186.00 745985 760000 70.00 90.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103662010 NAPLES 34119 FL 20070401 20370301 ARMS No 360 360 359 540,000.00 540,000.00 First Lien 0 684,000.00 144,000.00 719910 720000 75.01 95.02 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103662011 FORT LAUDERDALE 33304 FL 20070401 20370301 ARMS No 360 360 359 540,000.00 540,000.00 First Lien 0 607,500.00 67,500.00 675000 675000 80.00 90.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103662012 FORT LAUDERDALE 33304 FL 20070401 20370301 ARMS No 360 360 359 540,000.00 540,000.00 First Lien 0 607,500.00 67,500.00 675000 675000 80.00 90.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103662013 LAS VEGAS 89147 NV 20070401 20370301 ARMS No 360 360 359 544,000.00 544,000.00 First Lien 0 612,000.00 68,000.00 - 680,000.00 80.00 90.00 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103662014 FORT LAUDERDALE 33304 FL 20070401 20370301 ARMS No 360 360 359 545,360.00 545,360.00 First Lien 0 744,385.00 199,025.00 785000 825000 69.48 94.83 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103662015 GLENDALE 91208 CA 20070401 20370301 ARMS No 360 360 359 554,250.00 554,250.00 First Lien 0 739,000.00 184,750.00 739000 740000 75.00 100.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103662018 PHOENIX 85022 AZ 20070401 20370301 ARMS No 360 360 359 603,000.00 603,000.00 First Lien 0 805,000.00 202,000.00 - 805,000.00 74.91 100.00 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103662020 AUBURN 95603 CA 20070501 20370401 ARMS No 360 360 360 628,000.00 628,000.00 First Lien 0 628,000.00 0.00 - 790,000.00 79.50 79.50 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 1103662021 MIAMI BEACH 33139 FL 20070401 20370301 ARMS No 360 360 359 640,000.00 640,000.00 First Lien 0 800,000.00 160,000.00 800000 815000 80.00 100.00 No MI NO MI 0 8.0000 0.3750 0.0325 0.0000 0.4075 1103662023 EL CAJON 92021 CA 20070401 20370301 ARMS No 360 360 359 700,000.00 700,000.00 First Lien 0 875,000.00 175,000.00 875000 875000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103662024 WELLINGTON 33467 FL 20070401 20370301 ARMS No 360 360 359 720,000.00 720,000.00 First Lien 0 900,000.00 180,000.00 900000 925000 80.00 100.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103662027 PARKER 80134 CO 20070501 20370401 ARMS No 360 360 360 779,316.00 779,316.00 First Lien 0 974,145.00 194,829.00 974146 1050000 80.00 100.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103662028 VACAVILLE 95688 CA 20070501 20370401 ARMS No 360 360 360 800,000.00 800,000.00 First Lien 0 800,000.00 0.00 1000000 1000000 80.00 80.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103662029 DANVILLE 94526 CA 20070501 20370401 ARMS No 360 360 360 832,000.00 832,000.00 First Lien 0 982,000.00 150,000.00 1040000 1040000 80.00 94.43 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103662030 CARLSBAD 92008 CA 20070401 20370301 ARMS No 360 360 359 840,000.00 840,000.00 First Lien 0 840,000.00 0.00 - 1,300,000.00 64.62 64.62 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103662033 CHANDLER 85249 AZ 20070401 20370301 ARMS No 360 360 359 937,500.00 937,500.00 First Lien 0 1,174,842.00 237,342.00 - 1,200,000.00 78.13 97.91 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103662072 OAKLAND 94603 CA 20070501 20370401 ARMS No 360 360 360 320,000.00 320,000.00 First Lien 0 320,000.00 0.00 - 400,000.00 80.00 80.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103662082 WHITTIER 90606 CA 20070501 20370401 ARMS No 360 360 360 225,000.00 224,765.09 First Lien 0 225,000.00 0.00 - 480,000.00 46.88 46.88 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103662112 GARDEN GROVE 92843 CA 20070501 20370401 ARMS No 360 360 360 318,500.00 318,500.00 First Lien 0 318,500.00 0.00 - 379,000.00 84.04 84.04 PMI LPMI 22 7.875 0.375 0.0325 0.630 1.0375 1103662130 WESTMINSTER 92683 CA 20070601 20370501 FIXED No 360 360 360 401,000.00 401,000.00 First Lien 0 401,000.00 0.00 - 585,000.00 68.55 68.55 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 1103662157 LOS ANGELES 90037 CA 20070501 20370401 ARMS No 360 360 360 415,000.00 415,000.00 First Lien 0 415,000.00 0.00 - 530,000.00 78.31 78.31 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103662166 TAMPA 33635 FL 20070401 20370301 ARMS No 360 360 359 207,300.00 207,300.00 First Lien 0 207,300.00 0.00 - 275,000.00 75.39 75.39 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103662169 SAINT CLOUD 34772 FL 20070401 20370301 ARMS No 360 360 359 420,000.00 420,000.00 First Lien 0 420,000.00 0.00 - 645,000.00 65.12 65.12 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103662170 BRENTWOOD 37027 TN 20070501 20370401 ARMS No 360 360 360 411,200.00 411,200.00 First Lien 0 411,200.00 0.00 - 514,000.00 80.00 80.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103662171 FORT WASHINGTON 20744 MD 20070401 20370401 ARMS Yes 360 480 359 333,900.00 333,781.45 First Lien 0 333,900.00 0.00 - 371,000.00 90.00 90.00 PMI BPMI 25 7.250 0.375 0.0325 0.000 0.4075 1103662172 GERMANTOWN 20876 MD 20070401 20370301 ARMS Yes 360 480 359 193,500.00 193,428.83 First Lien 0 193,500.00 0.00 - 212,000.00 91.28 91.28 PMI LPMI 30 7.125 0.375 0.0325 0.650 1.0575 1103662173 GLEN BURNIE 21061 MD 20070401 20370301 ARMS No 360 360 359 306,000.00 306,000.00 First Lien 0 306,000.00 0.00 - 350,000.00 87.43 87.43 PMI BPMI 25 7.500 0.375 0.0325 0.000 0.4075 1103662174 EDGEWATER 21037 MD 20070401 20370301 ARMS Yes 360 480 359 279,000.00 278,893.71 First Lien 0 279,000.00 0.00 310000 310000 90.00 90.00 PMI LPMI 25 7.0000 0.3750 0.0325 0.3400 0.7475 1103662175 ARLINGTON 22204 VA 20070401 20370301 ARMS No 360 360 359 228,000.00 228,000.00 First Lien 0 228,000.00 0.00 - 285,000.00 80.00 80.00 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103662177 LANHAM 20706 MD 20070401 20370301 ARMS No 360 360 359 288,000.00 288,000.00 First Lien 0 288,000.00 0.00 - 370,000.00 77.84 77.84 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103662179 CLINTON 20735 MD 20070401 20370301 ARMS Yes 360 480 359 220,000.00 219,924.61 First Lien 0 220,000.00 0.00 - 298,000.00 73.83 73.83 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103662184 LAKE GENEVA 53147 WI 20070501 20370301 ARMS Yes 360 480 360 275,400.00 275,400.00 First Lien 0 275,400.00 0.00 289900 289900 95.00 95.00 PMI LPMI 35 7.8750 0.3750 0.0325 0.6400 1.0475 1103662185 ROUND LAKE BEACH 60073 IL 20070501 20370401 ARMS No 360 360 360 229,000.00 229,000.00 First Lien 0 229,000.00 0.00 229000 229000 100.00 100.00 PMI LPMI 35 7.8750 0.3750 0.0325 0.9600 1.3675 1103662186 HOLIDAY HILLS 60051 IL 20070501 20370401 ARMS Yes 360 480 360 138,700.00 138,669.25 First Lien 0 138,700.00 0.00 146000 163300 95.00 95.00 PMI LPMI 30 8.8750 0.3750 0.0325 1.1600 1.5675 1103662187 WESTCHESTER 60154 IL 20070401 20370401 ARMS Yes 360 480 359 192,000.00 191,960.48 First Lien 0 192,000.00 0.00 192000 214000 100.00 100.00 PMI LPMI 35 9.1250 0.3750 0.0325 1.8700 2.2775 1103662188 PRESCOTT 86303 AZ 20070501 20370401 ARMS No 360 360 360 299,000.00 299,000.00 First Lien 0 399,000.00 100,000.00 420000 460000 71.20 95.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103662189 CORONA 92882 CA 20070401 20370301 ARMS No 360 360 359 784,000.00 784,000.00 First Lien 0 882,000.00 98,000.00 - 980,000.00 80.00 90.00 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103662190 ORLANDO 32837 FL 20070401 20370301 ARMS Yes 360 480 359 463,500.00 463,335.43 First Lien 0 463,500.00 0.00 515000 520000 90.00 90.00 PMI BPMI 25 7.2500 0.3750 0.0325 0.0000 0.4075 1103662191 LEHIGH ACRES 33971 FL 20070501 20370401 ARMS No 360 360 360 216,250.00 216,250.00 First Lien 0 216,250.00 0.00 - 230,000.00 94.03 94.03 PMI LPMI 30 7.875 0.375 0.0325 0.650 1.0575 1103662192 LEHIGH ACRES 33971 FL 20070401 20370301 ARMS No 360 360 359 227,000.00 227,000.00 First Lien 0 227,000.00 0.00 - 260,000.00 87.31 87.31 PMI LPMI 25 8.250 0.375 0.0325 0.520 0.9275 1103662194 COLORADO SPRINGS 80906 CO 20070401 20370301 ARMS Yes 360 480 359 123,785.00 123,749.54 First Lien 0 123,785.00 0.00 - 130,300.00 95.00 95.00 PMI LPMI 30 8.000 0.375 0.0325 0.850 1.2575 1103662195 LEHIGH ACRES 33971 FL 20070501 20370401 ARMS No 360 360 360 220,400.00 220,400.00 First Lien 0 220,400.00 0.00 - 232,000.00 95.00 95.00 PMI LPMI 30 8.375 0.375 0.0325 0.830 1.2375 1103662198 BRADENTON 34208 FL 20070501 20370401 ARMS No 360 360 360 148,875.00 148,875.00 First Lien 0 148,875.00 0.00 - 198,500.00 75.00 75.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103662201 FORT MYERS 33919 FL 20070501 20370401 ARMS Yes 360 480 360 87,200.00 87,200.00 First Lien 0 109,000.00 21,800.00 109000 109000 80.00 100.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103662202 KISSIMMEE 34759 FL 20070401 20370401 ARMS Yes 360 480 359 168,000.00 167,946.39 First Lien 0 168,000.00 0.00 - 210,000.00 80.00 80.00 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 1103662203 HIALEAH 33015 FL 20070501 20370401 ARMS No 360 360 360 146,320.00 146,320.00 First Lien 0 164,610.00 18,290.00 182900 188000 80.00 90.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103662204 SAINT CLOUD 34771 FL 20070401 20370401 ARMS Yes 360 480 359 312,000.00 311,868.02 First Lien 0 312,000.00 0.00 - 390,000.00 80.00 80.00 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103662205 CLERMONT 34711 FL 20070401 20370301 ARMS No 360 360 359 306,000.00 305,755.30 First Lien 0 306,000.00 0.00 340000 361000 90.00 90.00 PMI BPMI 25 7.1250 0.3750 0.0325 0.0000 0.4075 1103662207 FORT PIERCE 34982 FL 20070501 20370401 ARMS No 360 360 360 104,500.00 104,500.00 First Lien 0 104,500.00 0.00 110000 130000 95.00 95.00 PMI LPMI 30 8.8750 0.3750 0.0325 0.9500 1.3575 1103662209 OCALA 34470 FL 20070501 20370401 ARMS Yes 360 480 360 148,000.00 148,000.00 First Lien 0 148,000.00 0.00 - 185,000.00 80.00 80.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103662210 EVERETT 98204 WA 20070401 20370401 ARMS Yes 360 480 359 228,900.00 228,821.56 First Lien 0 228,900.00 0.00 228900 229000 100.00 100.00 PMI LPMI 35 7.3750 0.3750 0.0325 0.8300 1.2375 1103662211 KISSIMMEE 34758 FL 20070401 20370301 ARMS No 360 360 359 248,375.00 248,375.00 First Lien 0 248,375.00 0.00 - 317,000.00 78.36 78.36 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103662212 NORTH MIAMI 33161 FL 20070401 20370301 ARMS Yes 360 480 359 265,000.00 264,921.30 First Lien 0 265,000.00 0.00 265000 265000 100.00 100.00 PMI LPMI 35 7.8750 0.3750 0.0325 1.3500 1.7575 1103662213 KISSIMMEE 34758 FL 20070501 20370401 ARMS No 360 360 360 212,500.00 212,500.00 First Lien 0 212,500.00 0.00 - 250,000.00 85.00 85.00 PMI LPMI 22 7.000 0.375 0.0325 0.450 0.8575 1103662215 LEHIGH ACRES 33971 FL 20070401 20370301 ARMS No 360 360 359 212,000.00 212,000.00 First Lien 0 212,000.00 0.00 - 265,000.00 80.00 80.00 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103662216 NAPLES 34120 FL 20070401 20370301 ARMS No 360 360 359 184,000.00 184,000.00 First Lien 0 207,000.00 23,000.00 230590 300000 79.80 89.77 No MI NO MI 0 7.6250 0.3750 0.0325 0.0000 0.4075 1103662217 LAS VEGAS 89104 NV 20070401 20370301 ARMS Yes 360 480 359 236,000.00 235,943.67 First Lien 0 236,000.00 0.00 236000 236000 100.00 100.00 PMI LPMI 35 8.6250 0.3750 0.0325 1.4000 1.8075 1103662218 HOLLYWOOD 33021 FL 20070501 20370401 ARMS No 360 360 360 153,000.00 153,000.00 First Lien 0 153,000.00 0.00 - 170,000.00 90.00 90.00 PMI BPMI 25 7.500 0.375 0.0325 0.000 0.4075 1103662219 PHILADELPHIA 19120 PA 20070501 20370401 ARMS No 360 360 360 99,000.00 99,000.00 First Lien 0 99,000.00 0.00 - 110,000.00 90.00 90.00 PMI BPMI 25 8.375 0.375 0.0325 0.000 0.4075 1103662222 PEMBROKE PINES 33027 FL 20070501 20370401 ARMS Yes 360 480 360 114,000.00 114,000.00 First Lien 0 114,000.00 0.00 - 190,000.00 60.00 60.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103662223 ORLANDO 32836 FL 20070401 20370301 ARMS No 360 360 359 405,000.00 405,000.00 First Lien 0 405,000.00 0.00 - 560,000.00 72.33 72.33 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103662224 RIVERDALE 20737 MD 20070501 20370401 ARMS No 360 360 360 250,000.00 250,000.00 First Lien 0 250,000.00 0.00 - 340,000.00 73.53 73.53 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103662225 WENTZVILLE 63385 MO 20070501 20370401 ARMS No 360 360 360 193,500.00 193,500.00 First Lien 0 193,500.00 0.00 - 215,000.00 90.00 90.00 PMI LPMI 25 8.500 0.375 0.0325 1.180 1.5875 1103662226 TAMPA 33604 FL 20070501 20370401 ARMS No 360 360 360 106,400.00 106,400.00 First Lien 0 106,400.00 0.00 112000 119000 95.00 95.00 PMI BPMI 30 7.3750 0.3750 0.0325 0.0000 0.4075 1103662227 OCALA 34471 FL 20070401 20370301 ARMS No 360 360 359 210,000.00 209,855.48 First Lien 0 210,000.00 0.00 210000 248000 100.00 100.00 PMI LPMI 35 7.8750 0.3750 0.0325 0.9600 1.3675 1103662229 CLEARWATER 33756 FL 20070501 20370401 ARMS No 360 360 360 301,500.00 301,500.00 First Lien 0 301,500.00 0.00 - 335,000.00 90.00 90.00 PMI LPMI 25 8.500 0.375 0.0325 0.810 1.2175 1103662230 LAUDERDALE LAKES 33313 FL 20070501 20370401 ARMS No 360 360 360 136,000.00 136,000.00 First Lien 0 136,000.00 0.00 - 170,000.00 80.00 80.00 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103662231 ORLANDO 32808 FL 20070501 20370401 ARMS No 360 360 360 148,500.00 148,500.00 First Lien 0 148,500.00 0.00 - 165,000.00 90.00 90.00 PMI BPMI 25 7.000 0.375 0.0325 0.000 0.4075 1103662232 ANDOVER 55304 MN 20070501 20370401 ARMS No 360 360 360 307,705.00 307,705.00 First Lien 0 307,705.00 0.00 323900 325000 95.00 95.00 PMI LPMI 30 7.8750 0.3750 0.0325 0.9000 1.3075 1103662233 NOBLESVILLE 46062 IN 20070401 20370301 ARMS No 360 360 359 155,714.00 155,714.00 First Lien 0 155,714.00 0.00 163910 166000 95.00 95.00 PMI LPMI 30 8.3750 0.3750 0.0325 0.8300 1.2375 1103662234 CHICAGO 60614 IL 20070501 20370301 ARMS Yes 360 480 360 650,000.00 650,000.00 First Lien 0 650,000.00 0.00 - 870,000.00 74.72 74.72 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103662270 HIGHLAND 92346 CA 20070601 20370501 FIXED No 360 360 360 376,000.00 376,000.00 First Lien 0 376,000.00 0.00 - 420,000.00 89.53 89.53 PMI LPMI 25 7.375 0.250 0.0325 0.520 0.8025 1103662280 BAKERSFIELD 93314 CA 20070401 20370301 FIXED No 360 360 359 225,200.00 225,200.00 First Lien 0 281,550.00 56,350.00 281560 282000 79.99 100.00 No MI NO MI 0 6.5000 0.2500 0.0325 0.0000 0.2825 1103662283 RIVERSIDE 92505 CA 20070501 20370401 ARMS No 360 360 360 264,000.00 264,000.00 First Lien 0 264,000.00 0.00 - 440,000.00 60.00 60.00 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103662288 LOS ANGELES 90049 CA 20070501 20370401 ARMS No 360 360 360 415,000.00 415,000.00 First Lien 0 415,000.00 0.00 - 1,250,000.00 33.20 33.20 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 1103662300 ELK GROVE 95624 CA 20070501 20370401 ARMS No 360 360 360 504,000.00 504,000.00 First Lien 0 504,000.00 0.00 - 630,000.00 80.00 80.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 1103662312 BROOKLYN 11217 NY 20070201 20370101 ARMS No 360 360 357 500,000.00 500,000.00 First Lien 0 500,000.00 0.00 - 700,000.00 71.43 71.43 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103662330 CHINO HILLS 91709 CA 20070201 20370101 ARMS No 360 360 357 544,000.00 544,000.00 First Lien 0 680,000.00 136,000.00 - 680,000.00 80.00 100.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103662332 WASHINGTON 20018 DC 20070501 20370401 ARMS No 360 360 360 397,580.00 397,580.00 First Lien 0 397,580.00 0.00 - 543,800.00 73.12 73.12 No MI NO MI 0 8.125 0.375 0.0325 0.000 0.4075 1103662340 FONTANA 92335 CA 20070501 20370401 ARMS No 360 360 360 325,500.00 325,500.00 First Lien 0 325,500.00 0.00 - 465,000.00 70.00 70.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103662383 SANTA ANA 92703 CA 20070501 20370401 ARMS No 360 360 360 370,150.00 370,150.00 First Lien 0 370,150.00 0.00 - 630,000.00 58.76 58.76 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103662400 CAMP VERDE 86322 AZ 20070501 20370401 ARMS No 360 360 360 101,000.00 100,929.08 First Lien 0 101,000.00 0.00 - 382,000.00 26.44 26.44 No MI NO MI 0 7.775 0.375 0.0325 0.000 0.4075 1103662432 LAS VEGAS 89118 NV 20070401 20370301 ARMS No 360 360 359 188,000.00 188,000.00 First Lien 0 223,250.00 35,250.00 235115 247000 79.97 94.96 No MI NO MI 0 7.6250 0.3750 0.0325 0.0000 0.4075 1103662448 SAN FRANCISCO 94114 CA 20070501 20370401 ARMS No 360 360 360 928,000.00 928,000.00 First Lien 0 928,000.00 0.00 1160000 1160000 80.00 80.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103662480 DOWNEY 90242 CA 20070501 20370401 ARMS No 360 360 360 522,500.00 522,500.00 First Lien 0 522,500.00 0.00 550000 550000 95.00 95.00 PMI LPMI 30 7.9900 0.3750 0.0325 0.5800 0.9875 1103662494 COACHELLA 92236 CA 20070501 20220401 FIXED No 180 180 180 113,000.00 112,627.73 First Lien 0 113,000.00 0.00 - 300,000.00 37.67 37.67 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 1103662503 SPRING HILL 34609 FL 20070501 20370401 ARMS No 360 360 360 132,000.00 131,935.07 First Lien 0 132,000.00 0.00 - 165,000.00 80.00 80.00 No MI NO MI 0 9.500 0.375 0.0325 0.000 0.4075 1103662507 LOS ANGELES 91331 CA 20070401 20370301 ARMS No 360 360 359 373,800.00 373,800.00 First Lien 0 534,000.00 160,200.00 - 540,000.00 69.23 98.89 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103662512 PEMBROKE PINES 33025 FL 20070501 20370401 ARMS No 360 360 360 133,825.00 133,825.00 First Lien 0 133,825.00 0.00 267650 270000 50.00 50.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103662531 ARVIN 93203 CA 20070501 20370401 ARMS No 360 360 360 208,000.00 208,000.00 First Lien 0 208,000.00 0.00 - 260,000.00 80.00 80.00 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103662564 GERMANTOWN 20876 MD 20070501 20370401 ARMS Yes 360 480 360 274,500.00 274,432.03 First Lien 0 274,500.00 0.00 - 305,000.00 90.00 90.00 PMI LPMI 25 8.500 0.375 0.0325 1.510 1.9175 1103662569 SAN DIEGO 92123 CA 20070501 20370401 ARMS No 360 360 360 468,000.00 468,000.00 First Lien 0 585,000.00 117,000.00 - 585,000.00 80.00 100.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103662601 GULF BREEZE 32563 FL 20070601 20370501 ARMS No 360 360 360 360,000.00 360,000.00 First Lien 0 360,000.00 0.00 - 750,000.00 48.00 48.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103662663 PHOENIX 85035 AZ 20070601 20370501 FIXED No 360 360 360 145,000.00 145,000.00 First Lien 0 145,000.00 0.00 - 208,000.00 69.72 69.72 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 1103662668 WOODLAND HILLS AREA 91367 CA 20070601 20370501 ARMS No 360 360 360 311,200.00 311,200.00 First Lien 0 311,200.00 0.00 389000 392000 80.00 80.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103662693 SANTA ANA 92703 CA 20070601 20370501 ARMS No 360 360 360 462,000.00 462,000.00 First Lien 0 462,000.00 0.00 - 625,000.00 73.92 73.92 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103662735 LOS ANGELES 90026 CA 20070601 20370501 ARMS No 360 360 360 485,000.00 485,000.00 First Lien 0 485,000.00 0.00 - 720,000.00 67.37 67.37 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103662753 LA HABRA HEIGHTS 90631 CA 20070601 20370501 ARMS No 360 360 360 456,000.00 456,000.00 First Lien 0 456,000.00 0.00 760000 760000 60.00 60.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103662757 MIRAMAR BEACH 32550 FL 20070501 20370401 ARMS No 360 360 360 156,000.00 156,000.00 First Lien 0 156,000.00 0.00 195000 195000 80.00 80.00 No MI NO MI 0 9.3750 0.3750 0.0325 0.0000 0.4075 1103662771 KOLOA 96756 HI 20070601 20370501 ARMS No 360 360 360 384,000.00 384,000.00 First Lien 0 480,000.00 96,000.00 480000 480000 80.00 100.00 No MI NO MI 0 6.9900 0.3750 0.0325 0.0000 0.4075 1103662812 DUARTE 91010 CA 20070501 20370401 ARMS No 360 360 360 354,350.00 354,350.00 First Lien 0 354,350.00 0.00 373000 375000 95.00 95.00 PMI LPMI 30 8.2500 0.3750 0.0325 0.9800 1.3875 1103662845 LOMPOC 93436 CA 20070601 20370501 ARMS No 360 360 360 332,000.00 332,000.00 First Lien 0 332,000.00 0.00 - 415,000.00 80.00 80.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103662885 STOCKTON 95209 CA 20070401 20370301 ARMS No 360 360 359 245,000.00 245,000.00 First Lien 0 315,000.00 70,000.00 - 350,000.00 70.00 90.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103662897 JACKSONVILLE 32208 FL 20070601 20370501 FIXED No 360 360 360 76,500.00 76,500.00 First Lien 0 76,500.00 0.00 90000 90000 85.00 85.00 PMI LPMI 22 8.5000 0.2500 0.0325 1.0000 1.2825 1103663049 SAINT PETERSBURG 33714 FL 20070601 20370501 ARMS No 360 360 360 100,000.00 100,000.00 First Lien 0 100,000.00 0.00 - 130,000.00 76.93 76.93 No MI NO MI 0 9.100 0.375 0.0325 0.000 0.4075 1103663092 SAN FRANCISCO 94109 CA 20070601 20370501 ARMS No 360 360 360 553,000.00 553,000.00 First Lien 0 711,000.00 158,000.00 - 790,000.00 70.00 90.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103663135 LA PUENTE (HACIENDA HEIGH 91745 CA 20070501 20370401 ARMS No 360 360 360 480,000.00 480,000.00 First Lien 0 600,000.00 120,000.00 600000 611000 80.00 100.00 No MI NO MI 0 7.9500 0.3750 0.0325 0.0000 0.4075 1103663313 LONG BEACH 90806 CA 20070601 20370501 ARMS No 360 360 360 418,400.00 418,400.00 First Lien 0 418,400.00 0.00 - 523,000.00 80.00 80.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103663337 HOUSTON 77082 TX 20070401 20370301 ARMS No 360 360 359 173,600.00 173,600.00 First Lien 0 206,150.00 32,550.00 217000 230000 80.00 95.00 No MI NO MI 0 9.2500 0.3750 0.0325 0.0000 0.4075 1103663343 BRONX 10472 NY 20070401 20370301 ARMS No 360 360 359 470,640.00 470,640.00 First Lien 0 558,885.00 88,245.00 588300 590000 80.00 95.00 No MI NO MI 0 8.6250 0.3750 0.0325 0.0000 0.4075 1103663354 NORTH LAS VEGAS 89081 NV 20070601 20370501 FIXED No 360 360 360 294,400.00 294,400.00 First Lien 0 368,000.00 73,600.00 368000 370000 80.00 100.00 No MI NO MI 0 7.1250 0.2500 0.0325 0.0000 0.2825 1103663356 DOUGLAS 85607 AZ 20070501 20370401 ARMS No 360 360 360 155,103.00 155,103.00 First Lien 0 155,103.00 0.00 172337 175000 90.00 90.00 PMI LPMI 25 10.0000 0.3750 0.0325 0.6400 1.0475 1103663365 FAYETTEVILLE 72704 AR 20070401 20370301 ARMS No 360 360 359 188,000.00 188,000.00 First Lien 0 235,000.00 47,000.00 235000 240000 80.00 100.00 No MI NO MI 0 7.9900 0.3750 0.0325 0.0000 0.4075 1103663519 MORENO VALLEY 92555 CA 20070501 20370301 FIXED Yes 360 480 360 129,900.00 129,836.95 First Lien 0 129,900.00 0.00 379900 380000 34.20 34.20 No MI NO MI 0 6.1250 0.2500 0.0325 0.0000 0.2825 1103663537 GLENDALE 85308 AZ 20070401 20370301 ARMS No 360 360 359 268,000.00 268,000.00 First Lien 0 301,500.00 33,500.00 - 335,000.00 80.00 90.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103663569 SAN JOAQUIN 93660 CA 20070601 20370501 FIXED No 360 360 360 139,750.00 139,750.00 First Lien 0 139,750.00 0.00 - 215,000.00 65.00 65.00 No MI NO MI 0 7.250 0.250 0.0325 0.000 0.2825 1103663625 OGDEN 94401 UT 20070401 20370301 FIXED No 360 360 359 125,600.00 125,600.00 First Lien 0 149,150.00 23,550.00 163000 163000 77.06 91.51 No MI NO MI 0 7.7500 0.2500 0.0325 0.0000 0.2825 1103663638 KISSIMMEE 34743 FL 20070401 20370301 FIXED No 360 360 359 122,000.00 121,809.08 First Lien 0 152,500.00 30,500.00 152500 170000 80.00 100.00 No MI NO MI 0 7.2500 0.2500 0.0325 0.0000 0.2825 1103663705 LAS VEGAS 89156 NV 20070401 20370301 ARMS No 360 360 359 176,000.00 176,000.00 First Lien 0 220,000.00 44,000.00 - 220,000.00 80.00 100.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103663861 PEMBROKE PINES 33025 FL 20070601 20370501 ARMS No 360 360 360 170,000.00 170,000.00 First Lien 0 170,000.00 0.00 305000 305000 55.74 55.74 No MI NO MI 0 7.3000 0.3750 0.0325 0.0000 0.4075 1103663873 ROYAL PALM BEACH 33411 FL 20070401 20370301 ARMS No 360 360 359 240,000.00 239,700.62 First Lien 0 240,000.00 0.00 - 270,000.00 88.89 88.89 PMI LPMI 25 8.375 0.375 0.0325 1.110 1.5175 1103664231 OAKLAND PARK 33334 FL 20070501 20370301 ARMS Yes 360 480 360 161,025.00 161,025.00 First Lien 0 161,025.00 0.00 169500 169500 95.00 95.00 PMI BPMI 30 7.7500 0.3750 0.0325 0.0000 0.4075 1103664232 WEST PALM BEACH 33415 FL 20070601 20370501 ARMS No 360 360 360 188,000.00 188,000.00 First Lien 0 188,000.00 0.00 - 239,000.00 78.67 78.67 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 1103664241 HENDERSON 89074 NV 20070501 20370401 ARMS Yes 360 480 360 175,379.00 175,379.00 First Lien 0 175,379.00 0.00 184610 184610 95.00 95.00 PMI LPMI 30 9.0000 0.3750 0.0325 0.9000 1.3075 1103664242 HENDERSON 89074 NV 20070501 20370401 ARMS Yes 360 480 360 167,627.00 167,627.00 First Lien 0 167,627.00 0.00 176450 176450 95.00 95.00 PMI LPMI 30 8.7500 0.3750 0.0325 0.9000 1.3075 1103664248 BALTIMORE 21239 MD 20070401 20370401 ARMS Yes 360 480 359 140,000.00 139,965.30 First Lien 0 140,000.00 0.00 140000 157000 100.00 100.00 PMI LPMI 35 8.5000 0.3750 0.0325 0.8100 1.2175 1103664253 MARKHAM 60426 IL 20070501 20370301 ARMS Yes 360 480 360 87,000.00 87,000.00 First Lien 0 87,000.00 0.00 87000 88000 100.00 100.00 PMI LPMI 35 8.1250 0.3750 0.0325 0.8100 1.2175 1103664259 MAITLAND 32751 FL 20070501 20370401 ARMS Yes 360 480 360 119,130.00 119,130.00 First Lien 0 119,130.00 0.00 125400 126000 95.00 95.00 PMI LPMI 30 8.2500 0.3750 0.0325 0.9000 1.3075 1103664260 GULF BREEZE 32563 FL 20070501 20370401 ARMS No 360 360 360 216,400.00 216,400.00 First Lien 0 216,400.00 0.00 - 270,500.00 80.00 80.00 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 1103664261 SAUK VILLAGE 60411 IL 20070501 20370401 ARMS Yes 360 480 360 87,885.00 87,885.00 First Lien 0 87,885.00 0.00 87885 88000 100.00 100.00 PMI LPMI 35 7.6250 0.3750 0.0325 0.8100 1.2175 1103664262 OVIEDO 32765 FL 20070501 20370401 ARMS No 360 360 360 191,900.00 191,900.00 First Lien 0 191,900.00 0.00 191900 192900 100.00 100.00 PMI BPMI 35 8.1250 0.3750 0.0325 0.0000 0.4075 1103664263 CONROE 77301 TX 20070501 20370401 ARMS No 360 360 360 121,600.00 121,600.00 First Lien 0 121,600.00 0.00 128000 134000 95.00 95.00 PMI BPMI 30 7.8750 0.3750 0.0325 0.0000 0.4075 1103664266 CHICAGO 60639 IL 20070501 20370401 ARMS Yes 360 480 360 337,250.00 337,250.00 First Lien 0 337,250.00 0.00 355000 360000 95.00 95.00 PMI LPMI 30 8.8750 0.3750 0.0325 0.8500 1.2575 1103664270 NAPLES 34120 FL 20070501 20370401 ARMS No 360 360 360 224,988.00 224,988.00 First Lien 0 224,988.00 0.00 236830 280000 95.00 95.00 PMI LPMI 30 8.2500 0.3750 0.0325 0.8300 1.2375 1103664276 GREENACRES 33413 FL 20070501 20370401 ARMS No 360 360 360 385,000.00 385,000.00 First Lien 0 385,000.00 0.00 385000 430000 100.00 100.00 PMI BPMI 35 6.8750 0.3750 0.0325 0.0000 0.4075 1103664281 AURORA 60504 IL 20070501 20370401 ARMS Yes 360 480 360 175,900.00 175,900.00 First Lien 0 175,900.00 0.00 175900 176000 100.00 100.00 PMI LPMI 35 8.8750 0.3750 0.0325 1.3500 1.7575 1103664284 COLUMBIA 21045 MD 20070501 20370401 ARMS Yes 360 480 360 303,050.00 303,050.00 First Lien 0 303,050.00 0.00 319000 319000 95.00 95.00 PMI LPMI 30 8.3750 0.3750 0.0325 0.7800 1.1875 1103664285 EDGEWOOD 21040 MD 20070501 20370401 ARMS Yes 360 480 360 167,000.00 167,000.00 First Lien 0 167,000.00 0.00 176000 181000 94.89 94.89 PMI LPMI 30 8.3750 0.3750 0.0325 0.7800 1.1875 1103664290 WEST ORANGE 07052 NJ 20070501 20370401 ARMS Yes 360 480 360 441,600.00 441,600.00 First Lien 0 441,600.00 0.00 - 460,000.00 96.00 96.00 PMI BPMI 35 7.750 0.375 0.0325 0.000 0.4075 1103664292 ALTAMONTE SPRINGS 32714 FL 20070401 20370401 ARMS Yes 360 480 359 132,905.00 132,857.80 First Lien 0 132,905.00 0.00 139900 165000 95.00 95.00 PMI BPMI 30 7.2500 0.3750 0.0325 0.0000 0.4075 1103664300 NORTH MIAMI BEACH 33162 FL 20070501 20370401 ARMS No 360 360 360 155,000.00 155,000.00 First Lien 0 155,000.00 0.00 - 155,000.00 100.00 100.00 PMI BPMI 35 8.875 0.375 0.0325 0.000 0.4075 1103664301 KISSIMMEE 34743 FL 20070501 20370401 ARMS No 360 360 360 212,000.00 212,000.00 First Lien 0 212,000.00 0.00 - 265,000.00 80.00 80.00 No MI NO MI 0 8.875 0.375 0.0325 0.000 0.4075 1103664310 LAWRENCEVILLE 30043 GA 20070501 20370401 ARMS Yes 360 480 360 211,755.00 211,755.00 First Lien 0 211,755.00 0.00 222900 245000 95.00 95.00 PMI LPMI 30 7.2500 0.3750 0.0325 0.7800 1.1875 1103664311 MILTON 32583 FL 20070501 20370401 ARMS Yes 360 480 360 125,000.00 125,000.00 First Lien 0 125,000.00 0.00 125000 126500 100.00 100.00 PMI BPMI 35 8.1250 0.3750 0.0325 0.0000 0.4075 1103664314 ELK GROVE 95758 CA 20070501 20370401 ARMS No 360 360 360 395,000.00 395,000.00 First Lien 0 395,000.00 0.00 395000 395000 100.00 100.00 PMI LPMI 35 9.8750 0.3750 0.0325 2.0500 2.4575 1103664316 SHERIDAN 46069 IN 20070501 20370401 ARMS No 360 360 360 175,745.00 175,745.00 First Lien 0 175,745.00 0.00 175745 176000 100.00 100.00 PMI LPMI 35 8.3750 0.3750 0.0325 0.8100 1.2175 1103664318 HIGHLAND PARK 60035 IL 20070401 20370401 ARMS Yes 360 480 359 793,300.00 793,072.80 First Lien 0 793,300.00 0.00 - 1,000,000.00 79.33 79.33 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103664321 FORT LAUDERDALE 33304 FL 20070501 20370301 ARMS Yes 360 480 360 315,399.00 315,399.00 First Lien 0 315,399.00 0.00 331999 332000 95.00 95.00 PMI LPMI 30 8.7500 0.3750 0.0325 1.2500 1.6575 1103664324 LITHONIA 30038 GA 20070501 20370401 ARMS Yes 360 480 360 500,000.00 500,000.00 First Lien 0 500,000.00 0.00 535000 535000 93.46 93.46 PMI LPMI 30 8.8750 0.3750 0.0325 1.1600 1.5675 1103664327 BIRMINGHAM 35215 AL 20070401 20370401 ARMS Yes 360 480 359 123,000.00 122,955.94 First Lien 0 123,000.00 0.00 123000 129000 100.00 100.00 PMI LPMI 35 7.3750 0.3750 0.0325 0.8300 1.2375 1103664328 CENTREVILLE 20120 VA 20070501 20370301 ARMS Yes 360 480 360 323,500.00 323,500.00 First Lien 0 323,500.00 0.00 323500 324000 100.00 100.00 PMI LPMI 35 7.6250 0.3750 0.0325 0.7000 1.1075 1103664331 NAPLES 34104 FL 20070501 20370401 ARMS Yes 360 480 360 278,000.00 278,000.00 First Lien 0 278,000.00 0.00 278000 279000 100.00 100.00 PMI LPMI 35 8.6250 0.3750 0.0325 1.5600 1.9675 1103664335 EVERGREEN PARK 60805 IL 20070501 20370401 ARMS Yes 360 480 360 315,000.00 315,000.00 First Lien 0 315,000.00 0.00 315000 315000 100.00 100.00 PMI LPMI 35 8.6250 0.3750 0.0325 1.3500 1.7575 1103664340 GREENWOOD 46143 IN 20070501 20370401 ARMS No 360 360 360 173,800.00 173,800.00 First Lien 0 173,800.00 0.00 217250 217250 80.00 80.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103664341 WASHINGTON 20019 DC 20070501 20370401 ARMS Yes 360 480 360 187,900.00 187,900.00 First Lien 0 187,900.00 0.00 187900 195000 100.00 100.00 PMI LPMI 35 8.5000 0.3750 0.0325 1.0600 1.4675 1103664343 NAMPA 83686 ID 20070501 20370401 ARMS No 360 360 360 167,200.00 167,200.00 First Lien 0 167,200.00 0.00 176000 176000 95.00 95.00 PMI LPMI 30 9.3750 0.3750 0.0325 1.2500 1.6575 1103664348 O FALLON 62269 IL 20070501 20370401 FIXED No 360 360 360 69,395.00 69,395.00 First Lien 0 69,395.00 0.00 69395 75000 100.00 100.00 PMI LPMI 35 10.5000 0.2500 0.0325 2.3000 2.5825 1103664349 FORT MYERS 33967 FL 20070501 20370401 FIXED No 360 360 360 100,000.00 100,000.00 First Lien 0 100,000.00 0.00 - 230,000.00 43.48 43.48 No MI NO MI 0 7.625 0.250 0.0325 0.000 0.2825 1103664352 WINTER GARDEN 34787 FL 20070501 20370401 FIXED No 360 360 360 379,880.00 379,880.00 First Lien 0 379,880.00 0.00 379883 415000 100.00 100.00 PMI BPMI 35 6.8750 0.2500 0.0325 0.0000 0.2825 1103664353 LOS ANGELES 90037 CA 20070501 20370401 FIXED No 360 360 360 238,000.00 238,000.00 First Lien 0 238,000.00 0.00 - 440,000.00 54.10 54.10 No MI NO MI 0 7.250 0.250 0.0325 0.000 0.2825 1103664356 APOPKA 32712 FL 20070401 20370301 FIXED No 360 360 359 195,000.00 194,862.40 First Lien 0 195,000.00 0.00 - 292,000.00 66.79 66.79 No MI NO MI 0 7.750 0.250 0.0325 0.000 0.2825 1103664358 PORT CHARLOTTE 33952 FL 20070501 20370401 FIXED No 360 360 360 176,250.00 176,250.00 First Lien 0 176,250.00 0.00 - 235,000.00 75.00 75.00 No MI NO MI 0 7.250 0.250 0.0325 0.000 0.2825 1103664359 GRAYSON 30017 GA 20070501 20370401 FIXED Yes 360 480 360 202,000.00 202,000.00 First Lien 0 202,000.00 0.00 202000 230000 100.00 100.00 PMI LPMI 35 9.0000 0.2500 0.0325 1.1100 1.3925 1103664361 ROCKFORD 61104 IL 20070501 20370401 FIXED No 360 360 360 54,900.00 54,900.00 First Lien 0 54,900.00 0.00 54900 55000 100.00 100.00 PMI BPMI 35 8.1250 0.2500 0.0325 0.0000 0.2825 1103664362 UNIVERSITY PARK 60466 IL 20070601 20370501 FIXED No 360 360 360 72,675.00 72,675.00 First Lien 0 72,675.00 0.00 76500 77000 95.00 95.00 PMI BPMI 30 8.7500 0.2500 0.0325 0.0000 0.2825 1103664364 KISSIMMEE 34744 FL 20070401 20370301 FIXED No 360 360 359 220,500.00 220,323.70 First Lien 0 220,500.00 0.00 - 327,000.00 67.44 67.44 No MI NO MI 0 7.125 0.250 0.0325 0.000 0.2825 1103664365 CHICAGO 60634 IL 20070501 20370401 FIXED No 360 360 360 270,000.00 270,000.00 First Lien 0 270,000.00 0.00 - 400,000.00 67.50 67.50 No MI NO MI 0 8.125 0.250 0.0325 0.000 0.2825 1103664367 CUMMING 30040 GA 20070501 20370401 FIXED Yes 360 480 360 259,900.00 259,900.00 First Lien 0 259,900.00 0.00 259900 270000 100.00 100.00 PMI BPMI 35 7.8750 0.2500 0.0325 0.0000 0.2825 1103664368 SARASOTA 34235 FL 20070501 20370401 FIXED Yes 360 480 360 192,000.00 192,000.00 First Lien 0 192,000.00 0.00 - 256,000.00 75.00 75.00 No MI NO MI 0 7.250 0.250 0.0325 0.000 0.2825 1103664371 ODESSA 33556 FL 20070501 20370401 FIXED No 360 360 360 117,650.00 117,650.00 First Lien 0 117,650.00 0.00 - 157,000.00 74.94 74.94 No MI NO MI 0 8.625 0.250 0.0325 0.000 0.2825 1103664374 BIRMINGHAM 35215 AL 20070501 20370401 FIXED No 360 360 360 84,550.00 84,550.00 First Lien 0 84,550.00 0.00 89000 101000 95.00 95.00 PMI BPMI 30 8.2500 0.2500 0.0325 0.0000 0.2825 1103664377 GRAND PRAIRIE 75050 TX 20070501 20370401 FIXED No 360 360 360 138,795.00 138,795.00 First Lien 0 138,795.00 0.00 146100 152000 95.00 95.00 PMI BPMI 30 8.3750 0.2500 0.0325 0.0000 0.2825 1103664378 MIAMI 33173 FL 20070401 20370301 FIXED No 360 360 359 245,000.00 245,000.00 First Lien 0 245,000.00 0.00 - 449,000.00 54.57 54.57 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 1103664379 NORTH MIAMI 33161 FL 20070501 20370301 FIXED Yes 360 480 360 132,900.00 132,900.00 First Lien 0 132,900.00 0.00 132900 139000 100.00 100.00 PMI BPMI 35 7.8750 0.2500 0.0325 0.0000 0.2825 1103664381 WINTER SPRINGS 32708 FL 20070501 20370401 FIXED Yes 360 480 360 149,500.00 149,500.00 First Lien 0 149,500.00 0.00 - 225,000.00 66.45 66.45 No MI NO MI 0 7.625 0.250 0.0325 0.000 0.2825 1103664382 ORANGE CITY 32763 FL 20070401 20370301 FIXED No 360 360 359 120,000.00 119,932.70 First Lien 0 120,000.00 0.00 - 150,000.00 80.00 80.00 No MI NO MI 0 8.875 0.250 0.0325 0.000 0.2825 1103664384 PALM COAST 32164 FL 20070501 20370401 FIXED No 360 360 360 195,000.00 195,000.00 First Lien 0 195,000.00 0.00 - 330,000.00 59.10 59.10 No MI NO MI 0 8.125 0.250 0.0325 0.000 0.2825 1103664386 COLUMBUS 43224 OH 20070501 20370401 FIXED No 360 360 360 64,000.00 64,000.00 First Lien 0 64,000.00 0.00 64000 64000 100.00 100.00 PMI LPMI 35 8.5000 0.2500 0.0325 0.8100 1.0925 1103664389 SAN ANTONIO 78224 TX 20070501 20370401 FIXED No 360 360 360 127,870.00 127,870.00 First Lien 0 127,870.00 0.00 134600 136000 95.00 95.00 PMI LPMI 30 8.8750 0.2500 0.0325 0.7800 1.0625 1103664392 COCOA BEACH 32931 FL 20070501 20370401 FIXED No 360 360 360 325,500.00 325,500.00 First Lien 0 325,500.00 0.00 - 465,000.00 70.00 70.00 No MI NO MI 0 7.250 0.250 0.0325 0.000 0.2825 1103664393 FORT LAUDERDALE 33311 FL 20070301 20370201 FIXED No 360 360 358 91,000.00 90,811.71 First Lien 0 91,000.00 0.00 - 130,000.00 70.00 70.00 No MI NO MI 0 7.875 0.250 0.0325 0.000 0.2825 1103664394 ORLANDO 32833 FL 20070501 20370201 FIXED Yes 360 480 360 424,000.00 424,000.00 First Lien 0 424,000.00 0.00 424000 430000 100.00 100.00 PMI LPMI 35 7.7500 0.2500 0.0325 0.9600 1.2425 1103664395 SIMPSONVILLE 40067 KY 20070501 20370401 FIXED No 360 360 360 149,000.00 149,000.00 First Lien 0 149,000.00 0.00 149000 172000 100.00 100.00 PMI BPMI 35 7.5000 0.2500 0.0325 0.0000 0.2825 1103664397 MOUNT PLEASANT 29466 SC 20070501 20370401 FIXED No 360 360 360 196,650.00 196,650.00 First Lien 0 196,650.00 0.00 207000 225500 95.00 95.00 PMI BPMI 30 8.3750 0.2500 0.0325 0.0000 0.2825 1103664398 LA VERNE 91750 CA 20070301 20370401 FIXED Yes 360 480 358 414,400.00 413,957.70 First Lien 0 414,400.00 0.00 518000 520000 80.00 80.00 No MI NO MI 0 7.2500 0.2500 0.0325 0.0000 0.2825 1103664399 TRENTON 28585 NC 20070501 20370401 FIXED No 360 360 360 85,025.00 85,025.00 First Lien 0 85,025.00 0.00 89500 92000 95.00 95.00 PMI BPMI 30 8.0000 0.2500 0.0325 0.0000 0.2825 1103664400 HOUSTON 77047 TX 20070501 20370401 FIXED No 360 360 360 82,000.00 82,000.00 First Lien 0 82,000.00 0.00 82000 82500 100.00 100.00 PMI LPMI 35 8.7500 0.2500 0.0325 0.8100 1.0925 1103664402 JASPER 35503 AL 20070201 20370101 FIXED No 360 360 357 85,000.00 84,844.41 First Lien 0 85,000.00 0.00 85000 86000 100.00 100.00 PMI LPMI 35 8.5000 0.2500 0.0325 0.8100 1.0925 1103664591 CHULA VISTA 91911 CA 20070101 20361201 ARMS No 360 360 356 264,000.00 264,000.00 First Lien 0 330,000.00 66,000.00 330000 330000 80.00 100.00 No MI NO MI 0 7.6250 0.3750 0.0325 0.0000 0.4075 1103665109 BURBANK 91504 CA 20070401 20370301 ARMS No 360 360 359 584,000.00 583,521.30 First Lien 0 693,500.00 109,500.00 730000 750000 80.00 95.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103665110 NORTH HOLLYWOOD 91605 CA 20070301 20370201 ARMS No 360 360 358 468,000.00 467,267.60 First Lien 0 585,000.00 117,000.00 585000 585000 80.00 100.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103665111 HACIENDA HEIGHTS 91745 CA 20070401 20370301 ARMS No 360 360 359 404,000.00 403,700.20 First Lien 0 505,000.00 101,000.00 505000 535000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103665112 ONTARIO 91764 CA 20070301 20370201 ARMS No 360 360 358 348,000.00 347,225.20 First Lien 0 435,000.00 87,000.00 440000 435000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103665113 UPLAND 91784 CA 20070401 20370301 ARMS No 360 360 359 600,000.00 599,109.43 First Lien 0 750,000.00 150,000.00 750000 750000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103665114 CABAZON 92230 CA 20070401 20370301 ARMS No 360 360 359 198,750.00 198,583.00 First Lien 0 198,750.00 0.00 - 265,000.00 75.00 75.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103665115 ADELANTO 92301 CA 20070401 20370301 ARMS No 360 360 359 287,200.00 286,970.33 First Lien 0 359,000.00 71,800.00 390000 390000 73.65 92.06 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103665116 BARSTOW 92311 CA 20070401 20370301 ARMS No 360 360 359 137,600.00 137,497.88 First Lien 0 172,000.00 34,400.00 172000 180000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103665117 FONTANA 92337 CA 20070401 20370301 ARMS No 360 360 359 456,000.00 455,616.90 First Lien 0 541,500.00 85,500.00 - 570,000.00 80.00 95.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103665118 REDLANDS 92374 CA 20070301 20370201 ARMS No 360 360 358 268,000.00 267,592.14 First Lien 0 335,000.00 67,000.00 - 335,000.00 80.00 100.00 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103665120 RIVERSIDE 92504 CA 20070401 20370301 ARMS No 360 360 359 263,610.00 263,400.24 First Lien 0 263,610.00 0.00 292900 318000 90.00 90.00 PMI BPMI 20 7.1500 0.3750 0.0325 0.0000 0.4075 1103665122 HUNTINGTON BEACH 92648 CA 20070301 20370201 ARMS No 360 360 358 1,330,000.00 1,327,819.61 First Lien 0 1,520,000.00 190,000.00 - 1,900,000.00 70.00 80.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103665123 WESTMINSTER 92683 CA 20070401 20370301 ARMS No 360 360 359 519,200.00 518,774.40 First Lien 0 649,000.00 129,800.00 649000 649000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103665125 SANTA ANA 92707 CA 20070401 20370301 ARMS No 360 360 359 468,000.00 467,566.54 First Lien 0 585,000.00 117,000.00 585000 592000 80.00 100.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 1103665126 ANAHEIM 92804 CA 20070301 20370201 ARMS No 360 360 358 484,000.00 483,263.42 First Lien 0 605,000.00 121,000.00 605000 605000 80.00 100.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103665127 ANAHEIM 92805 CA 20070201 20370101 ARMS No 360 360 357 425,600.00 424,572.90 First Lien 0 532,000.00 106,400.00 532000 565000 80.00 100.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103665128 CORONA 92881 CA 20070301 20370201 ARMS No 360 360 358 760,000.00 758,923.80 First Lien 0 760,000.00 0.00 - 965,000.00 78.76 78.76 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103665129 CORONA 92882 CA 20070301 20370201 ARMS No 360 360 358 680,000.00 678,243.60 First Lien 0 830,000.00 150,000.00 - 850,000.00 80.00 97.65 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103665130 YORBA LINDA 92886 CA 20070301 20370201 ARMS No 360 360 358 516,000.00 515,151.60 First Lien 0 645,000.00 129,000.00 645000 645000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103665131 FESNO 93727 CA 20070401 20370301 ARMS No 360 360 359 224,000.00 223,623.62 First Lien 0 266,000.00 42,000.00 - 280,000.00 80.00 95.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 1103665133 ARLIINGTON 98223 WA 20070201 20370101 ARMS No 360 360 357 307,160.00 306,385.84 First Lien 0 307,160.00 0.00 370450 384000 82.92 82.92 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103665134 COLORADO SPRING 80911 CO 20070401 20370301 ARMS No 360 360 359 178,400.00 178,172.48 First Lien 0 223,000.00 44,600.00 223000 223000 80.00 100.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103665135 DRAPER 84020 UT 20070201 20370101 ARMS No 360 360 357 236,135.00 235,494.58 First Lien 0 295,169.00 59,034.00 295169 315000 80.00 100.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 1103665136 SARATOGA SPRINGS 84045 UT 20070101 20361201 ARMS No 360 360 356 174,464.00 173,872.60 First Lien 0 218,080.00 43,616.00 218080 218080 80.00 100.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103665137 PLEASANT GROVE 84062 UT 20070301 20370201 ARMS No 360 360 358 155,344.00 155,023.29 First Lien 0 194,181.00 38,837.00 194181 195000 80.00 100.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103665140 ST. GEORGE 84770 WA 20070501 20370401 ARMS No 360 360 360 474,939.00 474,939.00 First Lien 0 563,990.00 89,051.00 593675.13 608000 80.00 95.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103665141 LAS VEGAS 89104 NV 20070401 20370301 ARMS No 360 360 359 200,000.00 199,844.00 First Lien 0 250,000.00 50,000.00 - 250,000.00 80.00 100.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103665142 LOS ANGELES 90022 CA 20070201 20370101 ARMS No 360 360 357 416,000.00 415,044.50 First Lien 0 494,000.00 78,000.00 - 544,000.00 76.48 90.81 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103665143 LOS ANGELES 90068 CA 20070401 20370301 ARMS No 360 360 359 980,000.00 978,432.62 First Lien 0 1,330,000.00 350,000.00 - 1,400,000.00 70.00 95.00 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103665144 COMPTON 90221 CA 20070401 20370301 ARMS No 360 360 359 388,000.00 387,689.72 First Lien 0 485,000.00 97,000.00 485000 485000 80.00 100.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103665145 SANTA FE SPRING 90606 CA 20070301 20370201 ARMS No 360 360 358 292,000.00 291,566.59 First Lien 0 365,000.00 73,000.00 385000 385000 75.85 94.81 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103665147 LAKEWOOD 90712 CA 20070201 20370101 ARMS No 360 360 357 401,600.00 400,283.26 First Lien 0 502,000.00 100,400.00 502000 502000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103665148 LONG BEACH 90806 CA 20070401 20370301 ARMS No 360 360 359 436,000.00 435,642.61 First Lien 0 545,000.00 109,000.00 545000 545000 80.00 100.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103665149 LONG BEACH 90815 CA 20070301 20370201 ARMS No 360 360 358 500,000.00 499,257.86 First Lien 0 625,000.00 125,000.00 625000 640000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103665150 PASADENA 91103 CA 20070401 20370301 FIXED No 360 360 359 432,000.00 431,420.27 First Lien 0 540,000.00 108,000.00 540000 550000 80.00 100.00 No MI NO MI 0 8.0000 0.2500 0.0325 0.0000 0.2825 1103665151 FONTANA 92337 CA 20070401 20370301 FIXED No 360 360 359 340,000.00 339,766.01 First Lien 0 403,750.00 63,750.00 - 425,000.00 80.00 95.00 No MI NO MI 0 7.875 0.250 0.0325 0.000 0.2825 1103665152 MORENO VALLEY 92551 CA 20070201 20370101 FIXED No 360 360 357 300,000.00 299,380.63 First Lien 0 375,000.00 75,000.00 375000 375000 80.00 100.00 No MI NO MI 0 7.8750 0.2500 0.0325 0.0000 0.2825 1103665153 WESTMINSTER 92683 CA 20070501 20370401 FIXED No 360 360 360 417,000.00 417,000.00 First Lien 0 530,000.00 113,000.00 530000 530000 78.68 100.00 No MI NO MI 0 7.8750 0.2500 0.0325 0.0000 0.2825 1103665154 SANTA ANA 92704 CA 20070401 20370301 FIXED No 360 360 359 338,400.00 338,189.67 First Lien 0 423,000.00 84,600.00 423000 428000 80.00 100.00 No MI NO MI 0 8.3750 0.2500 0.0325 0.0000 0.2825 1103665156 BAKERSFIELD 93314 WA 20070401 20370301 FIXED No 360 360 359 303,975.00 303,975.00 First Lien 0 303,975.00 0.00 405000 405000 75.06 75.06 No MI NO MI 0 8.7500 0.2500 0.0325 0.0000 0.2825 1103665157 KENT 98031 WA 20070301 20370201 FIXED No 360 360 358 453,000.00 452,158.63 First Lien 0 453,000.00 0.00 - 650,000.00 69.70 69.70 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 1103665158 VAN COUVER 98665 WA 20070401 20370301 FIXED No 360 360 359 186,400.00 186,281.14 First Lien 0 233,000.00 46,600.00 233000 242500 80.00 100.00 No MI NO MI 0 8.2500 0.2500 0.0325 0.0000 0.2825 1103665159 LAKESIDE 59922 MT 20070401 20370301 FIXED No 360 360 359 246,400.00 246,212.51 First Lien 0 308,000.00 61,600.00 308000 308000 80.00 100.00 No MI NO MI 0 7.3750 0.2500 0.0325 0.0000 0.2825 1103665160 OGDEN 84401 UT 20070301 20370201 FIXED No 360 360 358 108,000.00 107,843.67 First Lien 0 135,000.00 27,000.00 135000 135000 80.00 100.00 No MI NO MI 0 7.6250 0.2500 0.0325 0.0000 0.2825 1103665161 LAS VEGAS 89122 NV 20070301 20370201 FIXED No 360 360 358 149,600.00 149,423.35 First Lien 0 187,000.00 37,400.00 187000 187000 80.00 100.00 No MI NO MI 0 8.6250 0.2500 0.0325 0.0000 0.2825 1103665162 LOS ANGELES 90026 CA 20070401 20370301 FIXED No 360 360 359 448,000.00 447,683.80 First Lien 0 560,000.00 112,000.00 560000 560000 80.00 100.00 No MI NO MI 0 7.7500 0.2500 0.0325 0.0000 0.2825 2503153673 BROOKLYN 11216 NY 20070301 20220401 FIXED Yes 180 360 178 132,000.00 131,917.06 Second Lien 495000 627,000.00 0.00 660000 675000 95.00 95.00 No MI NO MI 0 11.6000 0.5000 0.0325 0.0000 0.5325 2503164097 FARMINGTON HILLS 48336 MI 20060801 20220201 ARMS Yes 360 480 351 323,000.00 322,301.29 First Lien 0 323,000.00 0.00 - 340,000.00 95.00 95.00 No MI NO MI 0 8.700 0.375 0.0325 0.000 0.4075 2503180761 DUARTE 91010 CA 20061101 20220401 FIXED Yes 180 360 174 91,000.00 90,868.06 Second Lien 364000 455,000.00 0.00 455000 455000 100.00 100.00 No MI NO MI 0 12.8750 0.5000 0.0325 0.0000 0.5325 2503184571 PHOENIX 85044 AZ 20061101 20211001 FIXED Yes 180 360 174 59,000.00 58,889.83 Second Lien 236000 295,000.00 0.00 295000 295000 100.00 100.00 No MI NO MI 0 11.7500 0.5000 0.0325 0.0000 0.5325 2503185841 DADE CITY 33523 FL 20061201 20211001 FIXED Yes 180 360 175 46,000.00 45,943.05 Second Lien 138000 184,000.00 0.00 184000 200000 100.00 100.00 No MI NO MI 0 12.7400 0.5000 0.0325 0.0000 0.5325 2503188998 LAS VEGAS 89147 NV 20061201 20211101 FIXED Yes 180 360 175 63,000.00 62,917.70 Second Lien 252000 315,000.00 0.00 315000 315000 100.00 100.00 No MI NO MI 0 12.5000 0.5000 0.0325 0.0000 0.5325 2503189258 MIAMI 33193 FL 20061201 20211101 FIXED Yes 180 360 175 48,750.00 48,161.37 Second Lien 146250 195,000.00 0.00 - 195,000.00 100.00 100.00 No MI NO MI 0 11.895 0.500 0.0325 0.000 0.5325 2503189762 CAMPBELL 44405 OH 20070201 20211101 FIXED Yes 180 360 177 26,000.00 25,980.71 Second Lien 104000 130,000.00 0.00 - 132,000.00 98.49 98.49 No MI NO MI 0 12.700 0.500 0.0325 0.000 0.5325 2503190770 CHICAGO 60621 IL 20070101 20220101 FIXED Yes 180 360 176 35,000.00 34,582.77 Second Lien 131250 166,250.00 0.00 175000 175500 95.00 95.00 No MI NO MI 0 12.2900 0.5000 0.0325 0.0000 0.5325 2503191818 FORT MYERS 33916 FL 20070101 20211201 FIXED Yes 180 360 176 28,400.00 28,400.00 Second Lien 106500 134,900.00 0.00 - 142,000.00 95.00 95.00 No MI NO MI 0 12.690 0.500 0.0325 0.000 0.5325 2503191847 ESCONDIDO 92025 CA 20061201 20211201 FIXED Yes 180 360 175 68,300.00 68,194.66 Second Lien 273200 341,500.00 0.00 341538 342000 99.99 99.99 No MI NO MI 0 11.7500 0.5000 0.0325 0.0000 0.5325 2503193131 MIAMI 33183 FL 20070201 20211101 FIXED Yes 180 360 177 53,250.00 53,189.19 Second Lien 159750 213,000.00 0.00 213000 214000 100.00 100.00 No MI NO MI 0 10.7400 0.5000 0.0325 0.0000 0.5325 2503194961 DESTIN 32541 FL 20070301 20220101 FIXED Yes 180 360 178 131,000.00 130,926.73 Second Lien 491250 622,250.00 0.00 - 655,000.00 95.00 95.00 No MI NO MI 0 12.125 0.500 0.0325 0.000 0.5325 2503195310 EL CAJON 92019 CA 20070101 20220201 FIXED Yes 180 360 176 95,700.00 95,557.13 Second Lien 223300 319,000.00 0.00 319000 329000 100.00 100.00 No MI NO MI 0 10.8900 0.5000 0.0325 0.0000 0.5325 2503195664 DORAL 33178 FL 20070201 20211201 FIXED Yes 180 360 177 75,748.00 75,682.33 Second Lien 227200 302,948.00 0.00 302990 306000 99.99 99.99 No MI NO MI 0 12.0000 0.5000 0.0325 0.0000 0.5325 2503195675 JACKSONVILLE 32208 FL 20070101 20220101 FIXED Yes 180 360 176 24,000.00 23,978.89 Second Lien 84000 108,000.00 0.00 120000 135000 90.00 90.00 No MI NO MI 0 13.2500 0.5000 0.0325 0.0000 0.5325 2503195750 SIMI VALLEY 93063 CA 20070301 20370201 ARMS No 360 360 358 480,000.00 480,000.00 First Lien 0 540,000.00 60,000.00 - 600,000.00 80.00 90.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 2503195826 BRONX 10462 NY 20070201 20220401 FIXED Yes 180 360 177 162,500.00 162,370.79 Second Lien 487500 650,000.00 0.00 650000 650000 100.00 100.00 No MI NO MI 0 12.3900 0.5000 0.0325 0.0000 0.5325 2503196100 SANTA ANA 92701 CA 20070201 20220101 FIXED Yes 180 360 177 82,500.00 82,419.28 Second Lien 247500 330,000.00 0.00 - 330,000.00 100.00 100.00 No MI NO MI 0 11.450 0.500 0.0325 0.000 0.5325 2503196609 CHICAGO 60628 IL 20070201 20220101 FIXED Yes 180 360 177 20,250.00 20,234.65 Second Lien 101250 121,500.00 0.00 135000 165000 90.00 90.00 No MI NO MI 0 12.6000 0.5000 0.0325 0.0000 0.5325 2503196781 CHICAGO 60628 IL 20070201 20220101 FIXED Yes 180 360 177 50,000.00 49,955.88 Second Lien 187500 237,500.00 0.00 250000 250000 95.00 95.00 No MI NO MI 0 11.9200 0.5000 0.0325 0.0000 0.5325 2503197046 CHICAGO 60621 IL 20070201 20220101 FIXED Yes 180 360 177 26,250.00 26,226.91 Second Lien 140000 166,250.00 0.00 175000 175000 95.00 95.00 No MI NO MI 0 11.9350 0.5000 0.0325 0.0000 0.5325 2503197386 SCOTTSDALE 85251 AZ 20070301 20220101 FIXED Yes 180 360 178 42,375.00 42,358.69 Second Lien 118650 161,025.00 0.00 169500 169500 95.00 95.00 No MI NO MI 0 13.9500 0.5000 0.0325 0.0000 0.5325 2503197397 RENTON 98058 WA 20070101 20220201 FIXED Yes 180 360 176 35,100.00 35,058.99 Second Lien 140400 175,500.00 0.00 175500 175500 100.00 100.00 No MI NO MI 0 11.9750 0.5000 0.0325 0.0000 0.5325 2503198076 MIAMI BEACH 33139 FL 20070301 20211201 FIXED Yes 180 360 178 47,600.00 47,582.17 Second Lien 178500 226,100.00 0.00 238000 245000 95.00 95.00 No MI NO MI 0 13.9000 0.5000 0.0325 0.0000 0.5325 2503198220 FAIRFIELD 83327 ID 20070401 20370301 ARMS No 360 360 359 140,000.00 139,923.37 First Lien 0 175,000.00 35,000.00 175000 175000 80.00 100.00 No MI NO MI 0 8.9900 0.3750 0.0325 0.0000 0.4075 2503198749 RIVERDALE 30274 GA 20070201 20220401 FIXED Yes 180 360 177 33,200.00 33,178.19 Second Lien 124500 157,700.00 0.00 166000 166000 95.00 95.00 No MI NO MI 0 13.2400 0.5000 0.0325 0.0000 0.5325 2503198867 ORANGE 07050 NJ 20070401 20220101 FIXED Yes 180 360 179 74,750.00 74,634.25 Second Lien 224250 299,000.00 0.00 299000 299000 100.00 100.00 No MI NO MI 0 12.5900 0.5000 0.0325 0.0000 0.5325 2503199274 ASHBURN 20147 VA 20070501 20370401 ARMS No 360 360 360 192,000.00 192,000.00 First Lien 0 192,000.00 0.00 - 390,000.00 49.24 49.24 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 2503199481 FRESNO 93730 CA 20070201 20220401 FIXED Yes 180 360 177 133,750.00 133,682.56 Second Lien 650000 783,750.00 0.00 - 825,000.00 95.00 95.00 No MI NO MI 0 14.400 0.500 0.0325 0.000 0.5325 2503199678 BAY SHORE 11706 NY 20070301 20220101 FIXED Yes 180 360 178 60,000.00 59,969.24 Second Lien 320000 380,000.00 0.00 - 400,000.00 95.00 95.00 No MI NO MI 0 12.515 0.500 0.0325 0.000 0.5325 2503199806 HOLLYWOOD 33021 FL 20070301 20220201 FIXED Yes 180 360 178 39,150.00 39,132.99 Second Lien 146900 186,050.00 0.00 195900 196000 94.98 94.98 No MI NO MI 0 13.2500 0.5000 0.0325 0.0000 0.5325 2503200154 PORT ST. LUCIE 34986 FL 20070201 20220201 FIXED Yes 180 360 177 24,161.00 24,143.60 Second Lien 181211 205,372.00 0.00 241615 290000 85.00 85.00 No MI NO MI 0 13.6000 0.5000 0.0325 0.0000 0.5325 2503200183 BROOKLYN 11212 NY 20070301 20220101 FIXED Yes 180 360 178 42,750.00 42,731.62 Second Lien 228000 270,750.00 0.00 285000 285000 95.00 95.00 No MI NO MI 0 13.3000 0.5000 0.0325 0.0000 0.5325 2503200602 WEST PALM BEACH 33401 FL 20070201 20220201 FIXED Yes 180 360 177 36,250.00 36,224.83 Second Lien 135950 172,200.00 0.00 181300 183000 94.99 94.99 No MI NO MI 0 12.9900 0.5000 0.0325 0.0000 0.5325 2503200917 SOUTHFIELD 48076 MI 20070201 20220101 FIXED Yes 180 360 177 29,000.00 28,978.50 Second Lien 116000 145,000.00 0.00 145000 145000 100.00 100.00 No MI NO MI 0 12.7000 0.5000 0.0325 0.0000 0.5325 2503200927 LAUDERHILL 33313 FL 20070401 20220101 FIXED Yes 180 360 179 23,000.00 22,996.60 Second Lien 86250 109,250.00 0.00 - 115,000.00 95.00 95.00 No MI NO MI 0 14.900 0.500 0.0325 0.000 0.5325 2503200932 FORT MYERS 33916 FL 20070201 20220301 FIXED Yes 180 360 177 33,700.00 33,675.42 Second Lien 94400 128,100.00 0.00 134900 135000 94.96 94.96 No MI NO MI 0 12.7750 0.5000 0.0325 0.0000 0.5325 2503201011 SAINT PETERSBURG 33712 FL 20070201 20220101 FIXED Yes 180 360 177 41,200.00 41,169.95 Second Lien 115400 156,600.00 0.00 164900 165000 94.97 94.97 No MI NO MI 0 12.7750 0.5000 0.0325 0.0000 0.5325 2503201271 JAMAICA 11435 NY 20070401 20220101 FIXED Yes 180 360 179 148,400.00 148,364.74 Second Lien 593600 742,000.00 0.00 742000 745000 100.00 100.00 No MI NO MI 0 12.8300 0.5000 0.0325 0.0000 0.5325 2503201291 FORT LAUDERDALE 33301 FL 20070201 20220301 FIXED Yes 180 360 177 86,000.00 85,922.93 Second Lien 257900 343,900.00 0.00 343900 350000 100.00 100.00 No MI NO MI 0 11.8500 0.5000 0.0325 0.0000 0.5325 2503201423 FORT LUPTON 80621 CO 20070301 20220101 FIXED Yes 180 360 178 38,000.00 37,982.52 Second Lien 152000 190,000.00 0.00 - 190,000.00 100.00 100.00 No MI NO MI 0 13.000 0.500 0.0325 0.000 0.5325 2503201732 WEED 96094 CA 20070301 20220201 FIXED Yes 180 360 178 38,000.00 37,978.82 Second Lien 152000 190,000.00 0.00 190000 195000 100.00 100.00 No MI NO MI 0 12.1400 0.5000 0.0325 0.0000 0.5325 2503201750 FRESNO 93720 CA 20070201 20220201 FIXED Yes 180 360 177 44,250.00 44,214.12 Second Lien 236000 280,250.00 0.00 - 295,000.00 95.00 95.00 No MI NO MI 0 12.300 0.500 0.0325 0.000 0.5325 2503201982 LAS VEGAS 89110 NV 20070301 20220101 FIXED Yes 180 360 178 79,200.00 79,162.54 Second Lien 277200 356,400.00 0.00 396000 430000 90.00 90.00 No MI NO MI 0 12.8750 0.5000 0.0325 0.0000 0.5325 2503202208 BOTHELL 98012 WA 20070201 20220201 FIXED Yes 180 360 177 82,750.00 82,701.59 Second Lien 310312 393,062.00 0.00 413750 415000 95.00 95.00 No MI NO MI 0 13.7500 0.5000 0.0325 0.0000 0.5325 2503202420 SAINT PAUL 55101 MN 20070301 20220101 FIXED Yes 180 360 178 35,000.00 34,984.75 Second Lien 131250 166,250.00 0.00 175000 178000 95.00 95.00 No MI NO MI 0 13.2400 0.5000 0.0325 0.0000 0.5325 2503202514 DEBARY 32713 FL 20070301 20220201 FIXED Yes 180 360 178 36,000.00 36,000.00 Second Lien 300000 336,000.00 0.00 - 375,000.00 89.60 89.60 No MI NO MI 0 10.875 0.500 0.0325 0.000 0.5325 2503202548 JACKSON 94542 CA 20070201 20220201 FIXED Yes 180 360 177 76,000.00 75,933.97 Second Lien 304000 380,000.00 0.00 380000 380000 100.00 100.00 No MI NO MI 0 11.9900 0.5000 0.0325 0.0000 0.5325 2503202609 SACRAMENTO 95823 CA 20070301 20220101 FIXED Yes 180 360 178 38,250.00 38,231.40 Second Lien 204000 242,250.00 0.00 - 255,000.00 95.00 95.00 No MI NO MI 0 12.750 0.500 0.0325 0.000 0.5325 2503202645 KISSIMMEE 34744 FL 20070301 20220201 FIXED Yes 180 360 178 48,150.00 48,124.51 Second Lien 240750 288,900.00 0.00 - 321,000.00 90.00 90.00 No MI NO MI 0 12.370 0.500 0.0325 0.000 0.5325 2503202757 ALEXANDRIA 22309 VA 20070401 20220201 ARMS Yes 360 480 359 361,000.00 360,959.62 First Lien 0 361,000.00 0.00 380000 420000 95.00 95.00 PMI LPMI 30 11.1250 0.3750 0.0325 2.1400 2.5475 2503203013 ORLANDO 32822 FL 20070301 20220401 FIXED Yes 180 360 178 48,950.00 48,925.87 Second Lien 146950 195,900.00 0.00 195990 198000 99.96 99.96 No MI NO MI 0 12.6900 0.5000 0.0325 0.0000 0.5325 2503203247 STOCKTON 95203 CA 20070301 20220201 FIXED Yes 180 360 178 54,750.00 54,717.82 Second Lien 273750 328,500.00 0.00 365000 365000 90.00 90.00 No MI NO MI 0 11.9000 0.5000 0.0325 0.0000 0.5325 2503203341 KANEOHE 96744 HI 20070401 20370301 FIXED No 360 360 359 89,850.00 89,829.69 Second Lien 449250 539,100.00 0.00 599000 650000 90.00 90.00 No MI NO MI 0 13.0500 0.5000 0.0325 0.0000 0.5325 2503203461 POMPANO BEACH 33067 FL 20070401 20220401 FIXED Yes 180 360 179 55,150.00 55,135.53 Second Lien 206950 262,100.00 0.00 275990 276000 94.97 94.97 No MI NO MI 0 12.3900 0.5000 0.0325 0.0000 0.5325 2503203466 LAS VEGAS 89142 NV 20070201 20220301 FIXED Yes 180 360 177 49,980.00 49,925.93 Second Lien 199920 249,900.00 0.00 249900 250000 100.00 100.00 No MI NO MI 0 10.9900 0.5000 0.0325 0.0000 0.5325 2503203513 MANTECA 95336 CA 20070301 20220101 FIXED Yes 180 360 178 59,250.00 59,215.37 Second Lien 316000 375,250.00 0.00 395000 423000 95.00 95.00 No MI NO MI 0 11.9250 0.5000 0.0325 0.0000 0.5325 2503203514 HAYWARD 94541 CA 20070301 20220201 FIXED Yes 180 360 178 117,300.00 117,238.56 Second Lien 625600 742,900.00 0.00 - 782,000.00 95.00 95.00 No MI NO MI 0 12.420 0.500 0.0325 0.000 0.5325 2503203529 PAULSBORO 08066 NJ 20070301 20220201 FIXED Yes 180 360 178 31,900.00 31,888.96 Second Lien 119625 151,525.00 0.00 159500 159500 95.00 95.00 No MI NO MI 0 14.2500 0.5000 0.0325 0.0000 0.5325 2503203574 ORLANDO 32824 FL 20070301 20220201 FIXED Yes 180 360 178 51,750.00 51,721.21 Second Lien 276000 327,750.00 0.00 - 350,000.00 93.65 93.65 No MI NO MI 0 12.150 0.500 0.0325 0.000 0.5325 2503203584 TAMPA 33635 FL 20070301 20220201 FIXED Yes 180 360 178 38,600.00 38,581.38 Second Lien 144750 183,350.00 0.00 193000 195000 95.00 95.00 No MI NO MI 0 12.7900 0.5000 0.0325 0.0000 0.5325 2503203710 LAS VEGAS 89104 NV 20070301 20220201 FIXED Yes 180 360 178 37,500.00 37,482.59 Second Lien 200000 237,500.00 0.00 - 250,000.00 95.00 95.00 No MI NO MI 0 13.000 0.500 0.0325 0.000 0.5325 2503203782 MIAMI BEACH 33141 FL 20070301 20220201 FIXED Yes 180 360 178 51,000.00 50,973.76 Second Lien 204000 255,000.00 0.00 255000 255000 100.00 100.00 No MI NO MI 0 12.5000 0.5000 0.0325 0.0000 0.5325 2503203852 WELLINGTON 80549 CO 20070301 20220201 FIXED Yes 180 360 178 31,500.00 31,480.59 Second Lien 157500 189,000.00 0.00 - 210,000.00 90.00 90.00 No MI NO MI 0 11.690 0.500 0.0325 0.000 0.5325 2503203861 SEATTLE 98106 WA 20070301 20220201 FIXED Yes 180 360 178 49,350.00 49,320.33 Second Lien 263200 312,550.00 0.00 329000 335000 95.00 95.00 No MI NO MI 0 11.8000 0.5000 0.0325 0.0000 0.5325 2503203896 SURPRISE 85388 AZ 20070301 20220201 FIXED Yes 180 360 178 37,050.00 37,027.73 Second Lien 185250 222,300.00 0.00 - 247,000.00 90.00 90.00 No MI NO MI 0 11.800 0.500 0.0325 0.000 0.5325 2503203994 CHICAGO 60621 IL 20070301 20220201 FIXED Yes 180 360 178 29,250.00 29,233.91 Second Lien 156000 185,250.00 0.00 195000 208000 95.00 95.00 No MI NO MI 0 12.2000 0.5000 0.0325 0.0000 0.5325 2503204068 GOODYEAR 85338 AZ 20070301 20220201 FIXED Yes 180 360 178 57,400.00 57,373.91 Second Lien 200900 258,300.00 0.00 287000 300000 90.00 90.00 No MI NO MI 0 13.0500 0.5000 0.0325 0.0000 0.5325 2503204087 LOS ANGELES 90012 CA 20070301 20220201 FIXED Yes 180 360 178 114,750.00 114,698.88 Second Lien 612000 726,750.00 0.00 765000 790000 95.00 95.00 No MI NO MI 0 13.1400 0.5000 0.0325 0.0000 0.5325 2503204151 ELIZABETH 07201 NJ 20070301 20220201 FIXED Yes 180 360 178 97,800.00 97,749.84 Second Lien 366750 464,550.00 0.00 489000 520000 95.00 95.00 No MI NO MI 0 12.5150 0.5000 0.0325 0.0000 0.5325 2503204218 TOMS RIVER 08757 NJ 20070301 20220201 FIXED Yes 180 360 178 31,500.00 31,481.89 Second Lien 168000 199,500.00 0.00 210000 245000 95.00 95.00 No MI NO MI 0 12.0000 0.5000 0.0325 0.0000 0.5325 2503204310 KISSIMMEE 34746 FL 20070301 20220201 FIXED Yes 180 360 178 74,600.00 74,561.76 Second Lien 398400 473,000.00 0.00 - 498,000.00 94.98 94.98 No MI NO MI 0 12.515 0.500 0.0325 0.000 0.5325 2503204389 SURPRISE 85388 AZ 20070301 20220201 FIXED Yes 180 360 178 44,945.00 44,918.57 Second Lien 168543 213,488.00 0.00 224725 255000 95.00 95.00 No MI NO MI 0 11.9000 0.5000 0.0325 0.0000 0.5325 2503204520 BRONX 10472 NY 20070301 20220201 FIXED Yes 180 360 178 108,000.00 107,950.23 Second Lien 405000 513,000.00 0.00 - 540,000.00 95.00 95.00 No MI NO MI 0 12.990 0.500 0.0325 0.000 0.5325 2503204614 CORONA 11368 NY 20070401 20220201 FIXED Yes 180 360 179 242,500.00 242,422.50 Second Lien 727500 970,000.00 0.00 970000 970000 100.00 100.00 No MI NO MI 0 11.5000 0.5000 0.0325 0.0000 0.5325 2503204710 KISSIMMEE 34758 FL 20070301 20220301 FIXED Yes 180 360 178 67,800.00 67,768.11 Second Lien 189900 257,700.00 0.00 271300 273000 94.99 94.99 No MI NO MI 0 12.9000 0.5000 0.0325 0.0000 0.5325 2503204754 JACKSONVILLE 32209 FL 20070301 20220201 FIXED Yes 180 360 178 23,750.00 23,739.20 Second Lien 70250 94,000.00 0.00 - 99,000.00 94.95 94.95 No MI NO MI 0 13.050 0.500 0.0325 0.000 0.5325 2503204783 TROY 62294 IL 20070401 20220201 FIXED Yes 180 360 179 59,250.00 59,232.51 Second Lien 177750 237,000.00 0.00 - 260,000.00 91.16 91.16 No MI NO MI 0 11.860 0.500 0.0325 0.000 0.5325 2503204824 WEST PALM BEACH 33411 FL 20070301 20220301 FIXED Yes 180 360 178 33,798.00 33,782.07 Second Lien 126742 160,540.00 0.00 168990 176000 95.00 95.00 No MI NO MI 0 12.8900 0.5000 0.0325 0.0000 0.5325 2503204848 HOMESTEAD 33032 FL 20070401 20370301 ARMS No 360 360 359 187,500.00 187,367.67 First Lien 0 250,000.00 62,500.00 250000 250000 75.00 100.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 2503204851 HOMESTEAD 33032 FL 20070401 20220401 FIXED Yes 180 360 179 62,500.00 62,483.79 Second Lien 187500 250,000.00 0.00 250000 250000 100.00 100.00 No MI NO MI 0 12.4400 0.5000 0.0325 0.0000 0.5325 2503204853 VALLEY OF ENCHANTMENT 92325 CA 20070301 20220301 FIXED Yes 180 360 178 38,000.00 37,976.26 Second Lien 133000 171,000.00 0.00 - 190,000.00 90.00 90.00 No MI NO MI 0 11.625 0.500 0.0325 0.000 0.5325 2503204863 MINNEAPOLIS 55411 MN 20070301 20220201 FIXED Yes 180 360 178 31,700.00 31,684.66 Second Lien 148100 179,800.00 0.00 - 200,000.00 89.90 89.90 No MI NO MI 0 12.775 0.500 0.0325 0.000 0.5325 2503204878 MEDFORD 97501 OR 20070301 20220201 FIXED Yes 180 360 178 41,200.00 41,183.72 Second Lien 154500 195,700.00 0.00 206000 206000 95.00 95.00 No MI NO MI 0 13.6700 0.5000 0.0325 0.0000 0.5325 2503204980 BELVIDERE 61008 IL 20070301 20220201 FIXED Yes 180 360 178 56,250.00 56,219.67 Second Lien 157500 213,750.00 0.00 225000 225000 95.00 95.00 No MI NO MI 0 12.2900 0.5000 0.0325 0.0000 0.5325 2503205026 LOS ANGELES (MISSION HILL 91345 CA 20070301 20220201 FIXED Yes 180 360 178 90,000.00 89,948.12 Second Lien 337500 427,500.00 0.00 - 450,000.00 95.00 95.00 No MI NO MI 0 11.990 0.500 0.0325 0.000 0.5325 2503205029 ELIZABETH 07201 NJ 20070401 20220201 FIXED Yes 180 360 179 67,500.00 67,477.95 Second Lien 337500 405,000.00 0.00 450000 450000 90.00 90.00 No MI NO MI 0 11.4000 0.5000 0.0325 0.0000 0.5325 2503205117 PEMBROKE PINES 33028 FL 20070301 20220301 FIXED Yes 180 360 178 66,000.00 65,977.82 Second Lien 247500 313,500.00 0.00 - 330,000.00 95.00 95.00 No MI NO MI 0 14.375 0.500 0.0325 0.000 0.5325 2503205315 CHICAGO 60609 IL 20070301 20220201 FIXED Yes 180 360 178 56,400.00 56,368.62 Second Lien 211500 267,900.00 0.00 286868 284000 94.34 94.34 No MI NO MI 0 12.1500 0.5000 0.0325 0.0000 0.5325 2503205391 PARK FOREST 60466 IL 20070401 20220201 FIXED Yes 180 360 179 37,800.00 37,788.94 Second Lien 141750 179,550.00 0.00 - 189,000.00 95.00 95.00 No MI NO MI 0 11.898 0.500 0.0325 0.000 0.5325 2503205411 MERIDIAN 83642 ID 20070301 20220301 FIXED Yes 180 360 178 68,700.00 68,660.40 Second Lien 366400 435,100.00 0.00 458000 510000 95.00 95.00 No MI NO MI 0 11.9900 0.5000 0.0325 0.0000 0.5325 2503205470 CHICAGO 60639 IL 20070401 20220201 FIXED Yes 180 360 179 120,000.00 119,969.29 Second Lien 360000 480,000.00 0.00 480000 480000 100.00 100.00 No MI NO MI 0 12.5000 0.5000 0.0325 0.0000 0.5325 2503205693 WINTER PARK 32792 FL 20070301 20220301 FIXED Yes 180 360 178 77,000.00 76,957.63 Second Lien 288500 365,500.00 0.00 - 385,000.00 94.94 94.94 No MI NO MI 0 12.200 0.500 0.0325 0.000 0.5325 2503205877 FAIR OAKS RANCH 78015 TX 20070301 20220201 FIXED Yes 180 360 178 69,000.00 68,924.35 Second Lien 368000 437,000.00 0.00 460000 475000 95.00 95.00 No MI NO MI 0 13.5600 0.5000 0.0325 0.0000 0.5325 2503205980 WEST VALLEY CITY 84119 UT 20070301 20220201 FIXED Yes 180 360 178 24,750.00 24,739.28 Second Lien 123750 148,500.00 0.00 - 165,000.00 90.00 90.00 No MI NO MI 0 13.270 0.500 0.0325 0.000 0.5325 2503206098 CERES 95307 CA 20070301 20370201 ARMS No 360 360 358 250,000.00 250,000.00 First Lien 0 250,000.00 0.00 - 328,000.00 76.22 76.22 No MI NO MI 0 7.700 0.375 0.0325 0.000 0.4075 2503206108 CHICAGO 60622 IL 20070401 20220401 FIXED Yes 180 360 179 77,800.00 77,777.74 Second Lien 311200 389,000.00 0.00 389000 390000 100.00 100.00 No MI NO MI 0 12.0000 0.5000 0.0325 0.0000 0.5325 2503206109 PROVIDENCE 02907 RI 20070401 20220301 FIXED Yes 180 360 179 68,750.00 68,724.90 Second Lien 206250 275,000.00 0.00 275000 280000 100.00 100.00 No MI NO MI 0 10.8900 0.5000 0.0325 0.0000 0.5325 2503206237 WESTFIELD 46074 IN 20070401 20370301 ARMS No 360 360 359 322,050.00 321,914.95 First Lien 0 322,050.00 0.00 339000 339000 95.00 95.00 PMI LPMI 30 10.2500 0.3750 0.0325 1.8800 2.2875 2503206315 POMPANO BEACH 33064 FL 20070401 20220401 FIXED Yes 180 360 179 46,000.00 45,988.92 Second Lien 172500 218,500.00 0.00 230000 230000 95.00 95.00 No MI NO MI 0 12.7690 0.5000 0.0325 0.0000 0.5325 2503206352 SAN RAMON 94583 CA 20070401 20220301 FIXED Yes 180 360 179 112,500.00 112,471.78 Second Lien 562500 675,000.00 0.00 - 750,000.00 90.00 90.00 No MI NO MI 0 12.590 0.500 0.0325 0.000 0.5325 2503206378 PHOENIX 85040 AZ 20070301 20220301 FIXED Yes 180 360 178 20,700.00 20,692.78 Second Lien 110400 131,100.00 0.00 - 138,000.00 95.00 95.00 No MI NO MI 0 14.215 0.500 0.0325 0.000 0.5325 2503206545 HIALEAH 33012 FL 20070401 20220201 FIXED Yes 180 360 179 43,750.00 43,739.06 Second Lien 131250 175,000.00 0.00 - 175,000.00 100.00 100.00 No MI NO MI 0 12.600 0.500 0.0325 0.000 0.5325 2503206612 PROVIDENCE 02908 RI 20070401 20220301 FIXED Yes 180 360 179 65,000.00 64,984.24 Second Lien 195000 260,000.00 0.00 260000 295000 100.00 100.00 No MI NO MI 0 12.7400 0.5000 0.0325 0.0000 0.5325 2503206661 BLACKWOOD 08012 NJ 20070401 20220301 FIXED Yes 180 360 179 41,250.00 41,243.39 Second Lien 115500 156,750.00 0.00 165000 165000 95.00 95.00 No MI NO MI 0 14.5500 0.5000 0.0325 0.0000 0.5325 2503206665 PALM HARBOR 34683 FL 20070501 20370401 ARMS No 360 360 360 138,000.00 138,000.00 First Lien 0 138,000.00 0.00 - 223,000.00 61.89 61.89 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 2503206762 PALM CITY 34990 FL 20070301 20220401 FIXED Yes 180 360 178 52,200.00 52,161.29 Second Lien 417600 469,800.00 0.00 - 522,000.00 90.00 90.00 No MI NO MI 0 10.840 0.500 0.0325 0.000 0.5325 2503206786 CLARKSVILLE 21029 MD 20070301 20220201 FIXED Yes 180 360 178 96,800.00 96,729.14 Second Lien 387200 484,000.00 0.00 - 484,000.00 100.00 100.00 No MI NO MI 0 10.900 0.500 0.0325 0.000 0.5325 2503206794 EL PASO 79902 TX 20070401 20220201 FIXED Yes 180 360 179 66,250.00 66,231.66 Second Lien 185500 251,750.00 0.00 - 265,000.00 95.00 95.00 No MI NO MI 0 12.150 0.500 0.0325 0.000 0.5325 2503206867 AMITYVILLE 11701 NY 20070401 20220301 FIXED Yes 180 360 179 93,750.00 93,729.47 Second Lien 281250 375,000.00 0.00 - 375,000.00 100.00 100.00 No MI NO MI 0 13.190 0.500 0.0325 0.000 0.5325 2503206879 CHICAGO 60643 IL 20070401 20220301 FIXED Yes 180 360 179 32,000.00 31,991.34 Second Lien 120000 152,000.00 0.00 160000 161000 95.00 95.00 No MI NO MI 0 12.2500 0.5000 0.0325 0.0000 0.5325 2503206902 HOLLISTER 95023 CA 20070401 20220301 FIXED Yes 180 360 179 105,000.00 104,972.46 Second Lien 525000 630,000.00 0.00 700000 702000 90.00 90.00 No MI NO MI 0 12.3900 0.5000 0.0325 0.0000 0.5325 2503206915 SUMNER 98391 WA 20070301 20220301 FIXED Yes 180 360 178 41,990.00 41,971.92 Second Lien 157462 199,452.00 0.00 209950 213000 95.00 95.00 No MI NO MI 0 13.2900 0.5000 0.0325 0.0000 0.5325 2503206917 NORTH WALES 19454 PA 20070601 20370501 ARMS No 360 360 360 580,000.00 580,000.00 First Lien 0 580,000.00 0.00 725000 812000 80.00 80.00 No MI NO MI 0 7.1100 0.3750 0.0325 0.0000 0.4075 2503207027 MIAMI GARDENS 33055 FL 20070401 20370301 ARMS No 360 360 359 243,750.00 243,549.80 First Lien 0 325,000.00 81,250.00 325000 325000 75.00 100.00 No MI NO MI 0 6.9900 0.3750 0.0325 0.0000 0.4075 2503207030 MIAMI GARDENS 33055 FL 20070401 20220401 FIXED Yes 180 360 179 81,250.00 81,224.64 Second Lien 243750 325,000.00 0.00 325000 325000 100.00 100.00 No MI NO MI 0 11.6070 0.5000 0.0325 0.0000 0.5325 2503207055 PHILADELPHIA 19148 PA 20070401 20220301 FIXED Yes 180 360 179 27,000.00 26,993.96 Second Lien 135000 162,000.00 0.00 - 180,000.00 90.00 90.00 No MI NO MI 0 13.100 0.500 0.0325 0.000 0.5325 2503207166 WEST COVINA 91790 CA 20070301 20220301 FIXED Yes 180 360 178 54,000.00 53,970.29 Second Lien 288000 342,000.00 0.00 360000 450000 95.00 95.00 No MI NO MI 0 12.2000 0.5000 0.0325 0.0000 0.5325 2503207362 DENVER 80237 CO 20070301 20220201 FIXED Yes 180 360 178 115,750.00 115,690.32 Second Lien 578775 694,525.00 0.00 771700 775000 90.00 90.00 No MI NO MI 0 12.4900 0.5000 0.0325 0.0000 0.5325 2503207365 LOS ANGELES (NORTH HOLLYW 91606 CA 20070301 20220201 FIXED Yes 180 360 178 165,000.00 164,926.50 Second Lien 462000 627,000.00 0.00 - 660,000.00 95.00 95.00 No MI NO MI 0 13.140 0.500 0.0325 0.000 0.5325 2503207441 MIAMI 33174 FL 20070401 20220201 ARMS Yes 360 480 359 345,000.00 344,866.33 First Lien 0 460,000.00 115,000.00 460000 460000 75.00 100.00 No MI NO MI 0 6.9400 0.3750 0.0325 0.0000 0.4075 2503207460 MIAMI 33174 FL 20070401 20220401 FIXED Yes 180 360 179 115,000.00 114,971.29 Second Lien 345000 460,000.00 0.00 460000 460000 100.00 100.00 No MI NO MI 0 12.6100 0.5000 0.0325 0.0000 0.5325 2503207462 VALLEJO 94589 CA 20070301 20220301 FIXED Yes 180 360 178 84,000.00 83,950.05 Second Lien 336000 420,000.00 0.00 - 430,000.00 97.68 97.68 No MI NO MI 0 11.850 0.500 0.0325 0.000 0.5325 2503207487 HOMESTEAD 33035 FL 20070401 20220201 FIXED Yes 180 360 179 35,848.00 35,839.31 Second Lien 179242 215,090.00 0.00 238990 240000 90.00 90.00 No MI NO MI 0 12.7400 0.5000 0.0325 0.0000 0.5325 2503207506 DENVER 80207 CO 20070301 20220301 FIXED Yes 180 360 178 36,750.00 36,731.06 Second Lien 183750 220,500.00 0.00 - 245,000.00 90.00 90.00 No MI NO MI 0 12.490 0.500 0.0325 0.000 0.5325 2503207511 LOS ANGELES (SUNLAND AREA 91040 CA 20070401 20220201 ARMS Yes 360 480 359 635,000.00 634,777.72 First Lien 0 635,000.00 0.00 - 800,000.00 79.38 79.38 No MI NO MI 0 7.300 0.375 0.0325 0.000 0.4075 2503207516 LYNDEN 98264 WA 20070301 20220401 FIXED Yes 180 360 178 44,400.00 44,382.94 Second Lien 236800 281,200.00 0.00 296000 325000 95.00 95.00 No MI NO MI 0 13.7900 0.5000 0.0325 0.0000 0.5325 2503207647 LAKESIDE 92040 CA 20070501 20370401 ARMS No 360 360 360 408,000.00 408,000.00 First Lien 0 506,000.00 98,000.00 - 510,000.00 80.00 99.22 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503207654 BROOKLYN 11203 NY 20070401 20220401 FIXED Yes 180 360 179 121,250.00 121,221.26 Second Lien 363750 485,000.00 0.00 498000 485000 100.00 100.00 No MI NO MI 0 12.8400 0.5000 0.0325 0.0000 0.5325 2503207802 SAINT CLOUD 34771 FL 20070401 20370301 ARMS No 360 360 359 237,600.00 237,467.35 First Lien 0 237,600.00 0.00 - 264,000.00 90.00 90.00 PMI LPMI 25 8.895 0.375 0.0325 1.710 2.1175 2503207864 BRONX 10469 NY 20070401 20220401 FIXED Yes 180 360 179 89,250.00 89,225.17 Second Lien 543750 633,000.00 0.00 - 725,000.00 87.32 87.32 No MI NO MI 0 12.125 0.500 0.0325 0.000 0.5325 2503207978 MIAMI 33194 FL 20070601 20370501 ARMS No 360 360 360 288,000.00 288,000.00 First Lien 0 324,000.00 36,000.00 - 360,000.00 80.00 90.00 No MI NO MI 0 6.890 0.375 0.0325 0.000 0.4075 2503208019 PORTERVILLE 93257 CA 20070301 20220401 FIXED Yes 180 360 178 45,800.00 45,773.61 Second Lien 183200 229,000.00 0.00 229000 240000 100.00 100.00 No MI NO MI 0 11.9900 0.5000 0.0325 0.0000 0.5325 2503208053 KAHULUI 96732 HI 20070401 20220201 FIXED Yes 180 360 179 123,750.00 123,702.39 Second Lien 618750 742,500.00 0.00 - 825,000.00 90.00 90.00 No MI NO MI 0 10.650 0.500 0.0325 0.000 0.5325 2503208074 FREMONT 94536 CA 20070401 20220301 FIXED Yes 180 360 179 79,000.00 78,974.60 Second Lien 315900 394,900.00 0.00 394900 400000 100.00 100.00 No MI NO MI 0 11.4900 0.5000 0.0325 0.0000 0.5325 2503208084 TAMARAC 33321 FL 20070501 20370401 ARMS No 360 360 360 173,000.00 173,000.00 First Lien 0 173,000.00 0.00 - 234,000.00 73.94 73.94 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 2503208171 OAKLAND PARK 33309 FL 20070401 20220401 FIXED Yes 180 360 179 33,400.00 33,388.40 Second Lien 133600 167,000.00 0.00 167000 170000 100.00 100.00 No MI NO MI 0 11.1190 0.5000 0.0325 0.0000 0.5325 2503208184 GARY 46409 IN 20070501 20220301 ARMS Yes 360 480 360 71,100.00 71,100.00 First Lien 0 71,100.00 0.00 79000 79000 90.00 90.00 PMI LPMI 25 9.8400 0.3750 0.0325 0.6200 1.0275 2503208285 CHICAGO 60644 IL 20070401 20220401 FIXED Yes 180 360 179 49,700.00 49,683.73 Second Lien 186500 236,200.00 0.00 248675 260000 94.99 94.99 No MI NO MI 0 11.3900 0.5000 0.0325 0.0000 0.5325 2503208298 LOS ANGELES 90044 CA 20070401 20220301 FIXED Yes 180 360 179 125,800.00 125,767.81 Second Lien 503200 629,000.00 0.00 629000 629000 100.00 100.00 No MI NO MI 0 12.5000 0.5000 0.0325 0.0000 0.5325 2503208308 MIAMI 33174 FL 20070401 20370301 FIXED No 360 360 359 43,750.00 43,738.68 Second Lien 131250 175,000.00 0.00 175000 178000 100.00 100.00 No MI NO MI 0 12.4500 0.5000 0.0325 0.0000 0.5325 2503208320 RIVIERA BEACH 33404 FL 20070301 20220401 FIXED Yes 180 360 178 116,000.00 115,940.19 Second Lien 435000 551,000.00 0.00 629000 580000 95.00 95.00 No MI NO MI 0 12.4900 0.5000 0.0325 0.0000 0.5325 2503208334 LOS ANGELES 90006 CA 20070401 20220201 FIXED Yes 180 360 179 170,000.00 170,000.00 Second Lien 680000 850,000.00 0.00 850000 850000 100.00 100.00 No MI NO MI 0 11.8900 0.5000 0.0325 0.0000 0.5325 2503208342 VALLEJO 94591 CA 20070401 20220301 ARMS Yes 360 480 359 446,500.00 446,407.97 First Lien 0 446,500.00 0.00 - 470,000.00 95.00 95.00 PMI LPMI 30 9.120 0.375 0.0325 2.380 2.7875 2503208379 MIAMI 33161 FL 20070401 20220401 FIXED Yes 180 360 179 68,000.00 67,981.56 Second Lien 255000 323,000.00 0.00 340000 340000 95.00 95.00 No MI NO MI 0 12.2400 0.5000 0.0325 0.0000 0.5325 2503208442 FULLERTON 92833 CA 20070501 20370401 ARMS No 360 360 360 672,000.00 672,000.00 First Lien 0 672,000.00 0.00 - 840,000.00 80.00 80.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 2503208484 AURORA 80014 CO 20070401 20370301 ARMS No 360 360 359 155,250.00 155,145.62 First Lien 0 207,000.00 51,750.00 207000 207000 75.00 100.00 No MI NO MI 0 7.9900 0.3750 0.0325 0.0000 0.4075 2503208485 AURORA 80014 CO 20070401 20220401 FIXED Yes 180 360 179 51,750.00 51,738.14 Second Lien 155250 207,000.00 0.00 207000 207000 100.00 100.00 No MI NO MI 0 12.9900 0.5000 0.0325 0.0000 0.5325 2503208492 NORTH LAS VEGAS 89030 NV 20070301 20220301 FIXED Yes 180 360 178 34,200.00 34,184.76 Second Lien 182400 216,600.00 0.00 230000 228000 95.00 95.00 No MI NO MI 0 13.1400 0.5000 0.0325 0.0000 0.5325 2503208510 FRAZIER PARK AREA 93225 CA 20070401 20220201 FIXED Yes 180 360 179 64,500.00 64,482.70 Second Lien 344000 408,500.00 0.00 430000 430000 95.00 95.00 No MI NO MI 0 12.2900 0.5000 0.0325 0.0000 0.5325 2503208530 FORT LAUDERDALE 33301 FL 20070301 20220301 FIXED Yes 180 360 178 69,980.00 69,943.99 Second Lien 279920 349,900.00 0.00 349900 349900 100.00 100.00 No MI NO MI 0 12.5000 0.5000 0.0325 0.0000 0.5325 2503208539 FRESNO 93722 CA 20070301 20220201 FIXED Yes 180 360 178 41,250.00 41,220.39 Second Lien 206250 247,500.00 0.00 - 275,000.00 90.00 90.00 No MI NO MI 0 10.990 0.500 0.0325 0.000 0.5325 2503208594 WILMINGTON 19808 DE 20070301 20220201 FIXED Yes 180 360 178 48,000.00 47,974.75 Second Lien 180000 228,000.00 0.00 240000 246000 95.00 95.00 No MI NO MI 0 12.4000 0.5000 0.0325 0.0000 0.5325 2503208634 PROVIDENCE 02909 RI 20070401 20220201 FIXED Yes 180 360 179 46,000.00 45,987.80 Second Lien 184000 230,000.00 0.00 230000 232000 100.00 100.00 No MI NO MI 0 12.3400 0.5000 0.0325 0.0000 0.5325 2503208683 SPRING VALLEY 91977 CA 20070401 20220301 FIXED Yes 180 360 179 73,800.00 73,781.28 Second Lien 295200 369,000.00 0.00 369000 390000 100.00 100.00 No MI NO MI 0 12.5400 0.5000 0.0325 0.0000 0.5325 2503208720 MINNEAPOLIS 55413 MN 20070401 20220301 FIXED Yes 180 360 179 42,600.00 42,591.41 Second Lien 170400 213,000.00 0.00 213000 213000 100.00 100.00 No MI NO MI 0 13.5500 0.5000 0.0325 0.0000 0.5325 2503208743 SOUTH EL MONTE 91733 CA 20070401 20220301 FIXED Yes 180 360 179 108,000.00 107,971.42 Second Lien 432000 540,000.00 0.00 540000 544000 100.00 100.00 No MI NO MI 0 12.3500 0.5000 0.0325 0.0000 0.5325 2503208777 PHOENIX 85035 AZ 20070401 20220301 FIXED Yes 180 360 179 30,900.00 30,891.14 Second Lien 164800 195,700.00 0.00 - 206,000.00 95.00 95.00 No MI NO MI 0 11.990 0.500 0.0325 0.000 0.5325 2503208833 PROVIDENCE 02909 RI 20070401 20220301 FIXED Yes 180 360 179 67,000.00 66,975.26 Second Lien 268000 335,000.00 0.00 335000 335000 100.00 100.00 No MI NO MI 0 10.8400 0.5000 0.0325 0.0000 0.5325 2503208891 LANCASTER 93536 CA 20070401 20220301 FIXED Yes 180 360 179 113,000.00 112,970.03 Second Lien 452000 565,000.00 0.00 - 565,000.00 100.00 100.00 No MI NO MI 0 12.340 0.500 0.0325 0.000 0.5325 2503208925 RENTON 98055 WA 20070401 20220301 FIXED Yes 180 360 179 41,000.00 40,992.71 Second Lien 153750 194,750.00 0.00 205000 205000 95.00 95.00 No MI NO MI 0 14.1000 0.5000 0.0325 0.0000 0.5325 2503208958 MIAMI LAKES 33016 FL 20070401 20220301 FIXED Yes 180 360 179 166,250.00 166,180.14 Second Lien 498750 665,000.00 0.00 665000 665000 100.00 100.00 No MI NO MI 0 10.2400 0.5000 0.0325 0.0000 0.5325 2503208999 HOFFMAN ESTATES 60192 IL 20070401 20220301 FIXED Yes 180 360 179 148,000.00 147,948.64 Second Lien 555000 703,000.00 0.00 - 740,000.00 95.00 95.00 No MI NO MI 0 11.125 0.500 0.0325 0.000 0.5325 2503209019 ORLANDO 32835 FL 20070401 20220301 FIXED Yes 180 360 179 62,150.00 62,136.64 Second Lien 248700 310,850.00 0.00 310900 310900 99.99 99.99 No MI NO MI 0 13.2700 0.5000 0.0325 0.0000 0.5325 2503209022 THOSAND OAKS 91230 CA 20070501 20370401 FIXED No 360 360 360 515,000.00 515,000.00 First Lien 0 515,000.00 0.00 794184 815000 64.85 64.85 No MI NO MI 0 5.2500 0.2500 0.0325 0.0000 0.2825 2503209047 AURORA 60505 IL 20070401 20220401 FIXED Yes 180 360 179 45,000.00 44,988.99 Second Lien 157500 202,500.00 0.00 - 225,000.00 90.00 90.00 No MI NO MI 0 12.700 0.500 0.0325 0.000 0.5325 2503209086 ORLANDO 32811 FL 20070301 20220301 FIXED Yes 180 360 178 27,900.00 27,885.32 Second Lien 104625 132,525.00 0.00 139500 150000 95.00 95.00 No MI NO MI 0 12.4000 0.5000 0.0325 0.0000 0.5325 2503209106 LAS VEGAS 89144 NV 20070501 20370401 ARMS No 360 360 360 220,000.00 220,000.00 First Lien 0 220,000.00 0.00 - 296,000.00 74.33 74.33 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503209123 MURRIETA 92563 CA 20070401 20220401 FIXED Yes 180 360 179 135,000.00 134,959.62 Second Lien 540000 675,000.00 0.00 675000 675000 100.00 100.00 No MI NO MI 0 11.8000 0.5000 0.0325 0.0000 0.5325 2503209130 KENT 98031 WA 20070401 20370301 ARMS No 360 360 359 225,600.00 225,600.00 First Lien 0 267,900.00 42,300.00 - 282,000.00 80.00 95.00 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 2503209131 KENT 98031 WA 20070401 20220401 FIXED Yes 180 360 179 42,300.00 42,290.08 Second Lien 225600 267,900.00 0.00 - 282,000.00 95.00 95.00 No MI NO MI 0 12.890 0.500 0.0325 0.000 0.5325 2503209143 LOS ANGELES 90022 CA 20070401 20220301 FIXED Yes 180 360 179 69,000.00 68,975.93 Second Lien 396000 465,000.00 0.00 - 495,000.00 93.94 93.94 No MI NO MI 0 11.100 0.500 0.0325 0.000 0.5325 2503209149 GRAIN VALLEY 64029 MO 20070401 20220301 FIXED Yes 180 360 179 47,000.00 46,984.56 Second Lien 176250 223,250.00 0.00 235000 240000 95.00 95.00 No MI NO MI 0 11.3750 0.5000 0.0325 0.0000 0.5325 2503209170 KANEOHE 96744 HI 20070501 20220301 FIXED Yes 360 480 360 525,000.00 525,000.00 First Lien 0 525,000.00 0.00 - 1,300,000.00 40.39 40.39 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 2503209189 BLOOMINGTON 92316 CA 20070401 20220401 FIXED Yes 180 360 179 100,000.00 99,974.12 Second Lien 400000 500,000.00 0.00 500000 500000 100.00 100.00 No MI NO MI 0 12.4500 0.5000 0.0325 0.0000 0.5325 2503209245 MINNEAPOLIS 55443 MN 20070401 20220301 FIXED Yes 180 360 179 60,000.00 59,983.36 Second Lien 225000 285,000.00 0.00 300000 300000 95.00 95.00 No MI NO MI 0 12.1400 0.5000 0.0325 0.0000 0.5325 2503209267 LOS ANGELES 90011 CA 20070401 20220301 FIXED Yes 180 360 179 130,000.00 129,956.02 Second Lien 520000 650,000.00 0.00 650000 650000 100.00 100.00 No MI NO MI 0 11.2400 0.5000 0.0325 0.0000 0.5325 2503209268 WOODBRIDGE 22193 VA 20070401 20370301 ARMS No 360 360 359 643,500.00 643,500.00 First Lien 0 643,500.00 0.00 - 715,000.00 90.00 90.00 PMI LPMI 25 7.990 0.375 0.0325 0.520 0.9275 2503209281 HAYWARD 94541 CA 20070401 20220401 FIXED Yes 180 360 179 152,000.00 151,961.10 Second Lien 608000 760,000.00 0.00 760000 760000 100.00 100.00 No MI NO MI 0 12.5000 0.5000 0.0325 0.0000 0.5325 2503209322 CHICAGO 60624 IL 20070501 20370401 ARMS No 360 360 360 380,000.00 380,000.00 First Lien 0 380,000.00 0.00 475000 537000 80.00 80.00 No MI NO MI 0 9.7200 0.3750 0.0325 0.0000 0.4075 2503209337 ASHBURN 20147 VA 20070501 20370401 ARMS No 360 360 360 371,000.00 371,000.00 First Lien 0 371,000.00 0.00 - 575,000.00 64.53 64.53 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 2503209367 WEST PALM BEACH 33413 FL 20070401 20220401 FIXED Yes 180 360 179 29,200.00 29,191.72 Second Lien 233600 262,800.00 0.00 - 292,000.00 90.00 90.00 No MI NO MI 0 12.040 0.500 0.0325 0.000 0.5325 2503209386 JERSEY CITY 07304 NJ 20070401 20220301 FIXED Yes 180 360 179 48,000.00 47,989.51 Second Lien 240000 288,000.00 0.00 - 320,000.00 90.00 90.00 No MI NO MI 0 13.200 0.500 0.0325 0.000 0.5325 2503209499 BROOKLYN 11206 NY 20070401 20220301 FIXED Yes 180 360 179 135,000.00 134,969.76 Second Lien 540000 675,000.00 0.00 675000 675000 100.00 100.00 No MI NO MI 0 13.0900 0.5000 0.0325 0.0000 0.5325 2503209519 FORT LAUDERDALE 33318 FL 20070401 20220301 FIXED Yes 180 360 179 43,500.00 43,489.09 Second Lien 217500 261,000.00 0.00 290000 295000 90.00 90.00 No MI NO MI 0 12.5900 0.5000 0.0325 0.0000 0.5325 2503209590 LOS ANGELES 90062 CA 20070401 20220301 FIXED Yes 180 360 179 91,000.00 90,973.09 Second Lien 364000 455,000.00 0.00 455000 455000 100.00 100.00 No MI NO MI 0 11.8500 0.5000 0.0325 0.0000 0.5325 2503209606 SAN DIEGO 92117 CA 20070501 20370401 ARMS No 360 360 360 291,000.00 291,000.00 First Lien 0 291,000.00 0.00 - 300,000.00 97.00 97.00 PMI LPMI 35 7.250 0.375 0.0325 0.670 1.0775 2503209608 PROVIDENCE 02907 RI 20070401 20220401 FIXED Yes 180 360 179 87,000.00 86,974.21 Second Lien 261000 348,000.00 0.00 348000 348000 100.00 100.00 No MI NO MI 0 11.8400 0.5000 0.0325 0.0000 0.5325 2503209620 SIOUX FALLS 57103 SD 20070401 20220301 FIXED Yes 180 360 179 20,000.00 19,994.88 Second Lien 73550 93,550.00 0.00 98500 98500 94.98 94.98 No MI NO MI 0 12.5000 0.5000 0.0325 0.0000 0.5325 2503209644 PARAMOUNT 90723 CA 20070401 20220301 FIXED Yes 180 360 179 105,800.00 105,756.95 Second Lien 423200 529,000.00 0.00 529000 529000 100.00 100.00 No MI NO MI 0 10.3900 0.5000 0.0325 0.0000 0.5325 2503209651 CHESTERFIELD 23832 VA 20070401 20220301 FIXED Yes 180 360 179 23,250.00 23,245.25 Second Lien 116250 139,500.00 0.00 - 155,000.00 90.00 90.00 No MI NO MI 0 13.494 0.500 0.0325 0.000 0.5325 2503209721 RICHMOND HILL 11419 NY 20070401 20220301 FIXED Yes 180 360 179 112,350.00 112,323.39 Second Lien 449400 561,750.00 0.00 561800 565000 100.00 100.00 No MI NO MI 0 12.8440 0.5000 0.0325 0.0000 0.5325 2503209743 CORAL SPRINGS 33065 FL 20070401 20220301 FIXED Yes 180 360 179 87,250.00 87,227.87 Second Lien 261750 349,000.00 0.00 349000 380000 100.00 100.00 No MI NO MI 0 12.5400 0.5000 0.0325 0.0000 0.5325 2503209745 BRONX 10462 NY 20070401 20370301 FIXED No 360 360 359 103,000.00 102,973.58 Second Lien 386250 489,250.00 0.00 515000 515000 95.00 95.00 No MI NO MI 0 12.4900 0.5000 0.0325 0.0000 0.5325 2503209746 BOCA RATON 33434 FL 20070401 20220401 FIXED Yes 180 360 179 117,750.00 117,717.34 Second Lien 628000 745,750.00 0.00 785000 785000 95.00 95.00 No MI NO MI 0 12.1400 0.5000 0.0325 0.0000 0.5325 2503209762 LOS ANGELES 90043 CA 20070401 20220301 FIXED Yes 180 360 179 48,200.00 48,183.33 Second Lien 385600 433,800.00 0.00 - 482,000.00 90.00 90.00 No MI NO MI 0 11.140 0.500 0.0325 0.000 0.5325 2503209785 SALINAS 93905 CA 20070401 20370301 ARMS No 360 360 359 464,000.00 463,688.04 First Lien 0 464,000.00 0.00 - 580,000.00 80.00 80.00 No MI NO MI 0 7.990 0.375 0.0325 0.000 0.4075 2503209788 HOLLISTER 95023 CA 20070401 20220401 FIXED Yes 180 360 179 386,550.00 386,448.27 Second Lien 800000 1,186,550.00 0.00 1249000 1249000 95.00 95.00 No MI NO MI 0 12.3750 0.5000 0.0325 0.0000 0.5325 2503209794 SUNNY ISLES BEACH 33160 FL 20070401 20220301 FIXED Yes 180 360 179 70,000.00 69,983.03 Second Lien 280000 350,000.00 0.00 - 350,000.00 100.00 100.00 No MI NO MI 0 12.740 0.500 0.0325 0.000 0.5325 2503209837 PORTSMOUTH 23704 VA 20070401 20220301 ARMS Yes 360 480 359 287,200.00 287,123.49 First Lien 0 287,200.00 0.00 - 359,000.00 80.00 80.00 No MI NO MI 0 8.250 0.375 0.0325 0.000 0.4075 2503209838 MYRTLE BEACH 29579 SC 20070401 20370301 FIXED No 360 360 359 24,075.00 24,067.80 Second Lien 128400 152,475.00 0.00 160500 165000 95.00 95.00 No MI NO MI 0 11.8000 0.5000 0.0325 0.0000 0.5325 2503209974 DAVIE 33328 FL 20070401 20220401 FIXED Yes 180 360 179 53,750.00 53,736.29 Second Lien 150500 204,250.00 0.00 215000 263000 95.00 95.00 No MI NO MI 0 12.5150 0.5000 0.0325 0.0000 0.5325 2503210023 OAKLAND 94602 CA 20070401 20220301 FIXED Yes 180 360 179 109,500.00 109,465.39 Second Lien 584000 693,500.00 0.00 - 730,000.00 95.00 95.00 No MI NO MI 0 11.550 0.500 0.0325 0.000 0.5325 2503210036 MIAMI 33176 FL 20070401 20220301 FIXED Yes 180 360 179 39,750.00 39,737.55 Second Lien 119250 159,000.00 0.00 159000 168000 100.00 100.00 No MI NO MI 0 11.5900 0.5000 0.0325 0.0000 0.5325 2503210037 RIALTO 92376 CA 20070401 20370301 ARMS No 360 360 359 273,000.00 273,000.00 First Lien 0 351,000.00 78,000.00 - 390,000.00 70.00 90.00 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 2503210129 RICHMOND 23223 VA 20070401 20220401 FIXED Yes 180 360 179 32,000.00 31,991.70 Second Lien 128000 160,000.00 0.00 160000 165000 100.00 100.00 No MI NO MI 0 12.4400 0.5000 0.0325 0.0000 0.5325 2503210258 VISALIA 93291 CA 20070501 20370401 FIXED No 360 360 360 127,920.00 127,920.00 First Lien 0 127,920.00 0.00 159900 165000 80.00 80.00 No MI NO MI 0 6.7500 0.2500 0.0325 0.0000 0.2825 2503210263 COON RAPIDS 55448 MN 20070501 20370401 ARMS No 360 360 360 178,000.00 178,000.00 First Lien 0 202,374.00 24,374.00 - 260,000.00 68.47 77.84 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 2503210265 SAN BERNARDINO AREA 92407 CA 20070501 20370401 ARMS No 360 360 360 281,000.00 281,000.00 First Lien 0 281,000.00 0.00 - 343,000.00 81.93 81.93 PMI BPMI 12 8.050 0.375 0.0325 0.000 0.4075 2503210353 ORLANDO 32818 FL 20070401 20220401 FIXED Yes 180 360 179 43,600.00 43,591.86 Second Lien 163500 207,100.00 0.00 - 218,000.00 95.00 95.00 No MI NO MI 0 13.890 0.500 0.0325 0.000 0.5325 2503210363 SANTA ROSA 95403 CA 20070601 20370501 ARMS No 360 360 360 568,000.00 568,000.00 First Lien 0 568,000.00 0.00 - 829,500.00 68.48 68.48 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 2503210442 LOS ANGELES (WEST HILLS A 91307 CA 20070401 20220401 FIXED Yes 180 360 179 143,000.00 142,962.37 Second Lien 572000 715,000.00 0.00 715000 800000 100.00 100.00 No MI NO MI 0 12.3750 0.5000 0.0325 0.0000 0.5325 2503210459 HONOLULU 96817 HI 20070401 20220301 FIXED Yes 180 360 179 54,000.00 53,981.74 Second Lien 216000 270,000.00 0.00 270000 278000 100.00 100.00 No MI NO MI 0 11.2440 0.5000 0.0325 0.0000 0.5325 2503210478 LAS VEGAS 89178 NV 20070401 20220301 FIXED Yes 180 360 179 124,672.00 124,641.43 Second Lien 498688 623,360.00 0.00 623360 624000 100.00 100.00 No MI NO MI 0 12.6900 0.5000 0.0325 0.0000 0.5325 2503210569 OPA LOCKA 33056 FL 20070401 20220301 ARMS Yes 360 480 359 132,750.00 132,727.96 First Lien 0 132,750.00 0.00 - 177,000.00 75.00 75.00 No MI NO MI 0 9.840 0.375 0.0325 0.000 0.4075 2503210596 POMONA 91766 CA 20070401 20220401 FIXED Yes 180 360 179 70,350.00 70,331.34 Second Lien 375200 445,550.00 0.00 - 470,000.00 94.80 94.80 No MI NO MI 0 12.340 0.500 0.0325 0.000 0.5325 2503210649 NORTH MIAMI 33181 FL 20070401 20220301 FIXED Yes 180 360 179 180,000.00 179,948.38 Second Lien 540000 720,000.00 0.00 720000 720000 100.00 100.00 No MI NO MI 0 11.9900 0.5000 0.0325 0.0000 0.5325 2503210809 JACKSONVILLE 32244 FL 20070601 20370501 ARMS No 360 360 360 138,900.00 138,900.00 First Lien 0 166,650.00 27,750.00 185200 187000 75.00 89.99 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 2503210868 LAKEWOOD 90805 CA 20070401 20220401 FIXED Yes 180 360 179 100,000.00 99,971.33 Second Lien 400000 500,000.00 0.00 500000 500000 100.00 100.00 No MI NO MI 0 11.9900 0.5000 0.0325 0.0000 0.5325 2503210870 WHITTIER 90601 CA 20070401 20220301 FIXED Yes 180 360 179 400,000.00 399,889.31 Second Lien 750000 1,150,000.00 0.00 1225000 1225000 93.88 93.88 No MI NO MI 0 12.1500 0.5000 0.0325 0.0000 0.5325 2503210917 TAHOE CITY 96145 CA 20070501 20370401 FIXED No 360 360 360 735,000.00 735,000.00 First Lien 0 735,000.00 0.00 - 1,050,000.00 70.00 70.00 No MI NO MI 0 5.750 0.250 0.0325 0.000 0.2825 2503210966 ALBUQUERQUE 87102 NM 20070501 20370401 ARMS No 360 360 360 109,800.00 109,800.00 First Lien 0 109,800.00 0.00 122000 133000 90.00 90.00 PMI LPMI 25 10.7200 0.3750 0.0325 0.8200 1.2275 2503211005 MESA 85209 AZ 20070401 20370401 ARMS Yes 360 480 359 270,000.00 269,933.08 First Lien 0 270,000.00 0.00 - 300,000.00 90.00 90.00 PMI LPMI 25 8.990 0.375 0.0325 1.540 1.9475 2503211020 WESTON 33326 FL 20070401 20220401 FIXED Yes 180 360 179 51,550.00 51,539.28 Second Lien 154650 206,200.00 0.00 206200 213000 100.00 100.00 No MI NO MI 0 13.4150 0.5000 0.0325 0.0000 0.5325 2503211108 HONOLULU 96819 HI 20070401 20370301 ARMS No 360 360 359 476,000.00 476,000.00 First Lien 0 595,000.00 119,000.00 595000 600000 80.00 100.00 No MI NO MI 0 6.0000 0.3750 0.0325 0.0000 0.4075 2503211326 ESCONDIDO 92026 CA 20070501 20370401 ARMS No 360 360 360 432,000.00 432,000.00 First Lien 0 527,600.00 95,600.00 - 540,000.00 80.00 97.71 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 2503211373 IRVINE 92602 CA 20070401 20220401 FIXED Yes 180 360 179 172,500.00 172,455.76 Second Lien 517500 690,000.00 0.00 - 690,000.00 100.00 100.00 No MI NO MI 0 12.490 0.500 0.0325 0.000 0.5325 2503211427 LAS VEGAS 89110 NV 20070401 20220301 FIXED Yes 180 360 179 22,500.00 22,494.15 Second Lien 120000 142,500.00 0.00 - 150,000.00 95.00 95.00 No MI NO MI 0 12.430 0.500 0.0325 0.000 0.5325 2503211458 BROOKLYN 11221 NY 20070401 20220301 FIXED Yes 180 360 179 187,500.00 187,455.90 Second Lien 562500 750,000.00 0.00 750000 760000 100.00 100.00 No MI NO MI 0 12.8750 0.5000 0.0325 0.0000 0.5325 2503211465 SUNNYVALE 94085 CA 20070501 20370401 ARMS No 360 360 360 500,000.00 500,000.00 First Lien 0 625,000.00 125,000.00 625000 625000 80.00 100.00 No MI NO MI 0 6.5750 0.3750 0.0325 0.0000 0.4075 2503211498 APOPKA 32703 FL 20070501 20370401 ARMS No 360 360 360 225,400.00 225,400.00 First Lien 0 253,575.00 28,175.00 - 281,750.00 80.00 90.00 No MI NO MI 0 6.817 0.375 0.0325 0.000 0.4075 2503211501 MIAMI 33155 FL 20070401 20220401 FIXED Yes 180 360 179 34,350.00 34,341.86 Second Lien 137250 171,600.00 0.00 171600 171600 100.00 100.00 No MI NO MI 0 12.8400 0.5000 0.0325 0.0000 0.5325 2503211543 CAPE CORAL 33904 FL 20070501 20370401 ARMS No 360 360 360 166,400.00 166,400.00 First Lien 0 166,400.00 0.00 - 208,000.00 80.00 80.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503211653 HESPERIA 92345 CA 20070501 20370401 ARMS No 360 360 360 283,200.00 283,200.00 First Lien 0 318,600.00 35,400.00 - 354,000.00 80.00 90.00 No MI NO MI 0 6.450 0.375 0.0325 0.000 0.4075 2503211660 MIAMI 33177 FL 20070501 20370401 FIXED No 360 360 360 155,200.00 155,200.00 First Lien 0 155,200.00 0.00 - 194,000.00 80.00 80.00 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503211681 MIAMI 33162 FL 20070401 20370301 ARMS No 360 360 359 236,000.00 235,892.21 First Lien 0 236,000.00 0.00 - 295,000.00 80.00 80.00 No MI NO MI 0 9.850 0.375 0.0325 0.000 0.4075 2503211683 SACRAMENTO 95829 CA 20070401 20220401 FIXED Yes 180 360 179 55,250.00 55,235.67 Second Lien 281250 336,500.00 0.00 - 375,000.00 89.74 89.74 No MI NO MI 0 12.440 0.500 0.0325 0.000 0.5325 2503211691 KEAAU 96749 HI 20070401 20220301 FIXED Yes 180 360 179 27,750.00 27,741.68 Second Lien 148000 175,750.00 0.00 185000 211500 95.00 95.00 No MI NO MI 0 11.7900 0.5000 0.0325 0.0000 0.5325 2503211805 HONOLULU 96818 HI 20070601 20220301 FIXED Yes 360 480 360 747,000.00 747,000.00 First Lien 0 747,000.00 0.00 - 830,000.00 90.00 90.00 PMI LPMI 25 7.250 0.250 0.0325 0.870 1.1525 2503211829 LOS ANGELES (WILMINGTON A 90744 CA 20070401 20220401 FIXED Yes 180 360 179 128,600.00 128,566.30 Second Lien 450100 578,700.00 0.00 - 643,000.00 90.00 90.00 No MI NO MI 0 12.394 0.500 0.0325 0.000 0.5325 2503211853 MUNDELEIN 60060 IL 20070401 20220301 FIXED Yes 180 360 179 112,200.00 112,170.24 Second Lien 495000 607,200.00 0.00 - 660,000.00 92.00 92.00 No MI NO MI 0 12.340 0.500 0.0325 0.000 0.5325 2503211856 ORLANDO 32811 FL 20070501 20370401 ARMS No 360 360 360 269,300.00 269,300.00 First Lien 0 269,300.00 0.00 283500 289000 95.00 95.00 PMI LPMI 30 8.5500 0.3750 0.0325 1.5700 1.9775 2503211885 SEATTLE 98144 WA 20070401 20220401 FIXED Yes 180 360 179 76,708.00 76,692.83 Second Lien 409112 485,820.00 0.00 511390 511390 95.00 95.00 No MI NO MI 0 13.6400 0.5000 0.0325 0.0000 0.5325 2503211888 SANGER 93657 CA 20070501 20370401 FIXED No 360 360 360 177,000.00 177,000.00 First Lien 0 207,000.00 30,000.00 - 226,000.00 78.32 91.60 No MI NO MI 0 7.000 0.250 0.0325 0.000 0.2825 2503211908 WATSONVILLE 95076 CA 20070501 20370401 ARMS No 360 360 360 552,000.00 552,000.00 First Lien 0 552,000.00 0.00 - 690,000.00 80.00 80.00 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503211940 PFLUGERVILLE 78660 TX 20070401 20220401 FIXED Yes 180 360 179 20,000.00 19,995.10 Second Lien 102386 122,386.00 0.00 128828 128828 95.00 95.00 No MI NO MI 0 12.6900 0.5000 0.0325 0.0000 0.5325 2503212164 LOS ANGELES (SAN FERNANDO 91340 CA 20070501 20370401 ARMS No 360 360 360 517,750.00 517,750.00 First Lien 0 517,750.00 0.00 545000 550000 95.00 95.00 PMI LPMI 30 8.7000 0.3750 0.0325 1.1600 1.5675 2503212207 LINCOLN 95648 CA 20070501 20370401 ARMS No 360 360 360 433,200.00 433,200.00 First Lien 0 433,200.00 0.00 - 456,000.00 95.00 95.00 PMI LPMI 30 7.250 0.375 0.0325 1.130 1.5375 2503212214 LAS VEGAS 89012 NV 20070401 20220401 FIXED Yes 180 360 179 53,750.00 53,739.38 Second Lien 150500 204,250.00 0.00 215000 215000 95.00 95.00 No MI NO MI 0 13.6400 0.5000 0.0325 0.0000 0.5325 2503212258 LOS ANGELES (SUN VALLEY A 91352 CA 20070501 20370401 ARMS No 360 360 360 459,200.00 459,200.00 First Lien 0 459,200.00 0.00 - 574,000.00 80.00 80.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 2503212273 COCOA 32927 FL 20070401 20370301 ARMS No 360 360 359 224,800.00 224,696.23 First Lien 0 251,250.00 26,450.00 - 264,500.00 85.00 95.00 No MI NO MI 0 9.800 0.375 0.0325 0.000 0.4075 2503212278 WHITTIER AREA 90606 CA 20070401 20220401 FIXED Yes 180 360 179 143,700.00 143,656.54 Second Lien 335300 479,000.00 0.00 480000 480000 99.80 99.80 No MI NO MI 0 11.7500 0.5000 0.0325 0.0000 0.5325 2503212309 SAN DIEGO 92124 CA 20070501 20370401 ARMS No 360 360 360 220,000.00 220,000.00 First Lien 0 220,000.00 0.00 490000 500000 44.90 44.90 No MI NO MI 0 5.7300 0.3750 0.0325 0.0000 0.4075 2503212329 FULLERTON 92832 CA 20070501 20370401 ARMS No 360 360 360 568,000.00 568,000.00 First Lien 0 568,000.00 0.00 710000 725000 80.00 80.00 No MI NO MI 0 6.4900 0.3750 0.0325 0.0000 0.4075 2503212347 HOMESTEAD 33033 FL 20070401 20220401 FIXED Yes 180 360 179 43,738.00 43,726.90 Second Lien 233271 277,009.00 0.00 291589 305000 95.00 95.00 No MI NO MI 0 12.5400 0.5000 0.0325 0.0000 0.5325 2503212354 MORENO VALLEY 92551 CA 20070401 20220301 FIXED Yes 180 360 179 85,000.00 84,976.43 Second Lien 318750 403,750.00 0.00 - 429,000.00 94.12 94.12 No MI NO MI 0 12.140 0.500 0.0325 0.000 0.5325 2503212425 COVINA 91722 CA 20070501 20370401 FIXED No 360 360 360 334,000.00 334,000.00 First Lien 0 334,000.00 0.00 - 595,000.00 56.14 56.14 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 2503212443 MARTINEZ 94553 CA 20070401 20370301 ARMS No 360 360 359 480,000.00 480,000.00 First Lien 0 480,000.00 0.00 - 600,000.00 80.00 80.00 No MI NO MI 0 6.488 0.375 0.0325 0.000 0.4075 2503212614 MIAMI 33135 FL 20070401 20220401 FIXED Yes 180 360 179 112,000.00 111,981.81 Second Lien 420000 532,000.00 0.00 560000 560000 95.00 95.00 No MI NO MI 0 14.4950 0.5000 0.0325 0.0000 0.5325 2503212622 BELL 90201 CA 20070501 20370401 FIXED No 360 360 360 339,500.00 339,500.00 First Lien 0 339,500.00 0.00 - 530,000.00 64.06 64.06 No MI NO MI 0 6.195 0.250 0.0325 0.000 0.2825 2503212634 VISALIA 93277 CA 20070501 20370401 FIXED No 360 360 360 164,000.00 164,000.00 First Lien 0 164,000.00 0.00 - 252,000.00 65.08 65.08 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 2503212649 CHICAGO 60639 IL 20070401 20370301 FIXED No 360 360 359 259,000.00 258,765.86 First Lien 0 399,000.00 140,000.00 - 400,000.00 64.75 99.75 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503212656 PAPAALOA 96780 HI 20070501 20370401 FIXED No 360 360 360 400,000.00 400,000.00 First Lien 0 400,000.00 0.00 - 1,400,000.00 28.58 28.58 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 2503212706 SAN BERNARDINO 92404 CA 20070501 20370401 ARMS No 360 360 360 273,000.00 273,000.00 First Lien 0 317,445.00 44,445.00 - 375,000.00 72.80 84.66 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503212742 WHEATLEY HEIGHT 11798 NY 20070401 20220401 FIXED Yes 180 360 179 81,000.00 80,975.45 Second Lien 324000 405,000.00 0.00 405000 435000 100.00 100.00 No MI NO MI 0 11.7400 0.5000 0.0325 0.0000 0.5325 2503212748 CARMICHAEL 95608 CA 20070401 20220301 FIXED Yes 180 360 179 56,000.00 55,986.19 Second Lien 265000 321,000.00 0.00 - 357,500.00 89.80 89.80 No MI NO MI 0 12.665 0.500 0.0325 0.000 0.5325 2503212778 INDIANAPOLIS 46237 IN 20070501 20370401 ARMS No 360 360 360 89,910.00 89,910.00 First Lien 0 89,910.00 0.00 99900 101000 90.00 90.00 PMI LPMI 25 9.2100 0.3750 0.0325 0.8700 1.2775 2503212948 RANCHO SANTA MARGARITA 92688 CA 20070401 20370301 ARMS No 360 360 359 361,600.00 361,600.00 First Lien 0 452,000.00 90,400.00 452000 455000 80.00 100.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 2503213006 ZEPHYRHILLS 33541 FL 20070401 20220401 FIXED Yes 180 360 179 37,500.00 37,490.06 Second Lien 200000 237,500.00 0.00 250000 250000 95.00 95.00 No MI NO MI 0 12.3400 0.5000 0.0325 0.0000 0.5325 2503213025 FOSTER CITY 94404 CA 20070501 20370401 ARMS No 360 360 360 1,031,800.00 1,031,800.00 First Lien 0 1,031,800.00 0.00 - 1,350,000.00 76.43 76.43 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503213030 OCEANSIDE 92057 CA 20070401 20370301 ARMS No 360 360 359 348,750.00 348,389.33 First Lien 0 348,750.00 0.00 - 465,000.00 75.00 75.00 No MI NO MI 0 5.800 0.375 0.0325 0.000 0.4075 2503213035 PITTSBURG 94565 CA 20070401 20220401 FIXED Yes 180 360 179 67,500.00 67,443.63 Second Lien 337500 405,000.00 0.00 - 450,000.00 90.00 90.00 No MI NO MI 0 13.220 0.500 0.0325 0.000 0.5325 2503213040 STATEN ISLAND 10305 NY 20070501 20370401 ARMS No 360 360 360 581,250.00 581,250.00 First Lien 0 697,500.00 116,250.00 - 775,000.00 75.00 90.00 No MI NO MI 0 6.380 0.375 0.0325 0.000 0.4075 2503213054 OCEANSIDE 92054 CA 20070501 20370401 ARMS No 360 360 360 232,448.00 232,448.00 First Lien 0 290,560.00 58,112.00 290560 294000 80.00 100.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 2503213083 CORONA 92880 CA 20070501 20370401 ARMS No 360 360 360 439,500.00 439,500.00 First Lien 0 439,500.00 0.00 - 586,000.00 75.00 75.00 No MI NO MI 0 6.809 0.375 0.0325 0.000 0.4075 2503213124 MIAMI BEACH 33139 FL 20070501 20370401 ARMS No 360 360 360 280,150.00 280,150.00 First Lien 0 280,150.00 0.00 294900 305000 95.00 95.00 PMI BPMI 30 7.5400 0.3750 0.0325 0.0000 0.4075 2503213151 WEST SACRAMENTO 95691 CA 20070501 20370401 FIXED Yes 360 480 360 232,500.00 232,500.00 First Lien 0 232,500.00 0.00 - 310,000.00 75.00 75.00 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503213233 STOCKTON 95205 CA 20070501 20370401 FIXED No 360 360 360 131,000.00 131,000.00 First Lien 0 131,000.00 0.00 - 285,000.00 45.97 45.97 No MI NO MI 0 6.450 0.250 0.0325 0.000 0.2825 2503213234 WEST COVINA 91790 CA 20070501 20370401 ARMS No 360 360 360 359,250.00 359,250.00 First Lien 0 479,000.00 119,750.00 479000 479000 75.00 100.00 No MI NO MI 0 6.1200 0.3750 0.0325 0.0000 0.4075 2503213241 MANTECA 95337 CA 20070501 20370401 ARMS No 360 360 360 410,400.00 410,400.00 First Lien 0 410,400.00 0.00 - 513,000.00 80.00 80.00 No MI NO MI 0 6.550 0.375 0.0325 0.000 0.4075 2503213298 WALPOLE 02081 MA 20070501 20370401 ARMS No 360 360 360 500,000.00 500,000.00 First Lien 0 500,000.00 0.00 - 530,000.00 94.34 94.34 PMI LPMI 30 8.500 0.375 0.0325 0.430 0.8375 2503213337 LANCASTER 17603 PA 20070401 20220401 FIXED Yes 180 360 179 20,600.00 20,596.76 Second Lien 77250 97,850.00 0.00 103000 120000 95.00 95.00 No MI NO MI 0 14.6400 0.5000 0.0325 0.0000 0.5325 2503213350 IRVINE 92620 CA 20070501 20370401 ARMS No 360 360 360 650,000.00 650,000.00 First Lien 0 650,000.00 0.00 - 1,090,000.00 59.64 59.64 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 2503213384 PINELLAS PARK 33762 FL 20070501 20370401 ARMS Yes 360 480 360 229,500.00 229,500.00 First Lien 0 229,500.00 0.00 - 255,000.00 90.00 90.00 PMI LPMI 25 8.750 0.375 0.0325 1.410 1.8175 2503213425 IRVINE 92606 CA 20070501 20370401 ARMS No 360 360 360 520,000.00 520,000.00 First Lien 0 650,000.00 130,000.00 650000 650000 80.00 100.00 No MI NO MI 0 5.4500 0.3750 0.0325 0.0000 0.4075 2503213496 ROSAMOND 93560 CA 20070501 20370401 ARMS No 360 360 360 271,000.00 271,000.00 First Lien 0 271,000.00 0.00 - 396,000.00 68.44 68.44 No MI NO MI 0 6.400 0.375 0.0325 0.000 0.4075 2503213518 MESA 85206 AZ 20070501 20370401 ARMS No 360 360 360 225,000.00 225,000.00 First Lien 0 225,000.00 0.00 - 250,000.00 90.00 90.00 PMI LPMI 25 8.990 0.375 0.0325 1.340 1.7475 2503213534 PLANTATION 33323 FL 20070501 20370401 ARMS No 360 360 360 900,000.00 900,000.00 First Lien 0 960,000.00 60,000.00 1200123 1200000 75.00 80.00 No MI NO MI 0 6.4500 0.3750 0.0325 0.0000 0.4075 2503213535 MIAMI 33127 FL 20070401 20370301 ARMS No 360 360 359 149,000.00 149,000.00 First Lien 0 149,000.00 0.00 - 245,000.00 60.82 60.82 No MI NO MI 0 7.815 0.375 0.0325 0.000 0.4075 2503213553 BOWIE 20720 MD 20070401 20220401 FIXED Yes 180 360 179 155,000.00 154,944.73 Second Lien 465000 620,000.00 0.00 620000 635000 100.00 100.00 No MI NO MI 0 11.0000 0.5000 0.0325 0.0000 0.5325 2503213580 TACOMA 98404 WA 20070501 20370401 ARMS No 360 360 360 240,000.00 240,000.00 First Lien 0 240,000.00 0.00 - 255,000.00 94.12 94.12 PMI BPMI 30 6.750 0.375 0.0325 0.000 0.4075 2503213591 (WOODLAND HILLS AREA) LOS 91364 CA 20070501 20370401 ARMS No 360 360 360 825,000.00 825,000.00 First Lien 0 825,000.00 0.00 - 1,100,000.00 75.00 75.00 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503213615 SAN DIEGO 92120 CA 20070501 20370401 ARMS No 360 360 360 468,000.00 468,000.00 First Lien 0 585,000.00 117,000.00 585000 625000 80.00 100.00 No MI NO MI 0 5.9000 0.3750 0.0325 0.0000 0.4075 2503213618 MIAMI 33145 FL 20070601 20370501 ARMS No 360 360 360 258,300.00 258,300.00 First Lien 0 258,300.00 0.00 322900 347000 80.00 80.00 No MI NO MI 0 7.9630 0.3750 0.0325 0.0000 0.4075 2503213647 MIRAMAR 33025 FL 20070501 20370401 ARMS No 360 360 360 130,000.00 130,000.00 First Lien 0 150,000.00 20,000.00 - 175,000.00 74.29 85.72 No MI NO MI 0 6.400 0.375 0.0325 0.000 0.4075 2503213650 LAS VEGAS 89121 NV 20070501 20370401 ARMS No 360 360 360 384,000.00 384,000.00 First Lien 0 384,000.00 0.00 - 480,000.00 80.00 80.00 No MI NO MI 0 8.663 0.375 0.0325 0.000 0.4075 2503213654 MESA 85206 AZ 20070501 20370401 ARMS No 360 360 360 188,000.00 188,000.00 First Lien 0 188,000.00 0.00 - 222,000.00 84.69 84.69 PMI LPMI 22 5.875 0.375 0.0325 0.610 1.0175 2503213687 MANTECA 95336 CA 20070401 20220401 FIXED Yes 180 360 179 97,800.00 97,773.94 Second Lien 521600 619,400.00 0.00 - 652,000.00 95.00 95.00 No MI NO MI 0 12.319 0.500 0.0325 0.000 0.5325 2503213717 ORLANDO 32811 FL 20070501 20370401 ARMS No 360 360 360 163,200.00 163,200.00 First Lien 0 163,200.00 0.00 204000 205000 80.00 80.00 No MI NO MI 0 7.5400 0.3750 0.0325 0.0000 0.4075 2503213771 LOS ANGELES 90067 CA 20070501 20370401 ARMS No 360 360 360 600,000.00 600,000.00 First Lien 0 600,000.00 0.00 - 750,000.00 80.00 80.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 2503213776 LOS ANGELES 90041 CA 20070501 20370401 FIXED No 360 360 360 289,500.00 289,500.00 First Lien 0 289,500.00 0.00 - 505,000.00 57.33 57.33 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 2503213822 DUBLIN 94568 CA 20070501 20370401 FIXED No 360 360 360 243,093.00 243,093.00 First Lien 0 243,093.00 0.00 543093 580000 44.77 44.77 No MI NO MI 0 6.3750 0.2500 0.0325 0.0000 0.2825 2503213886 WARREN 48092 MI 20070601 20370401 ARMS Yes 360 480 360 333,765.00 333,765.00 First Lien 0 352,307.00 18,542.00 370850 380000 90.00 95.00 PMI LPMI 25 9.7900 0.3750 0.0325 1.2100 1.6175 2503213903 HAWAIIAN GARDENS 90716 CA 20070501 20370401 FIXED No 360 360 360 160,000.00 160,000.00 First Lien 0 160,000.00 0.00 - 490,000.00 32.66 32.66 No MI NO MI 0 5.350 0.250 0.0325 0.000 0.2825 2503213904 SAN PABLO 94806 CA 20070501 20370401 ARMS No 360 360 360 290,250.00 290,250.00 First Lien 0 387,000.00 96,750.00 387000 387000 75.00 100.00 No MI NO MI 0 6.1100 0.3750 0.0325 0.0000 0.4075 2503213906 WEST CHICAGO 60185 IL 20070501 20370401 ARMS No 360 360 360 456,800.00 456,800.00 First Lien 0 571,000.00 114,200.00 - 571,000.00 80.00 100.00 No MI NO MI 0 7.550 0.375 0.0325 0.000 0.4075 2503213921 PORTSMOUTH 23703 VA 20070501 20370401 ARMS No 360 360 360 90,000.00 90,000.00 First Lien 0 95,000.00 5,000.00 100000 100000 90.00 95.00 PMI LPMI 25 11.0000 0.3750 0.0325 1.3400 1.7475 2503213949 LOS ANGELES AREA 90059 CA 20070501 20370401 ARMS No 360 360 360 344,000.00 344,000.00 First Lien 0 430,000.00 86,000.00 430000 430000 80.00 100.00 No MI NO MI 0 6.6250 0.3750 0.0325 0.0000 0.4075 2503213972 POMONA 91766 CA 20070501 20370401 ARMS No 360 360 360 454,750.00 454,750.00 First Lien 0 454,750.00 0.00 - 535,000.00 85.00 85.00 PMI LPMI 22 8.125 0.375 0.0325 0.840 1.2475 2503213981 LONG BEACH 90805 CA 20070501 20370401 FIXED No 360 360 360 385,000.00 385,000.00 First Lien 0 385,000.00 0.00 - 510,000.00 75.50 75.50 No MI NO MI 0 6.240 0.250 0.0325 0.000 0.2825 2503213990 CHICAGO 60636 IL 20070501 20370401 ARMS No 360 360 360 128,250.00 128,250.00 First Lien 0 128,250.00 0.00 135000 145000 95.00 95.00 PMI LPMI 30 8.6750 0.3750 0.0325 0.6800 1.0875 2503214010 FORT LAUDERDALE 33305 FL 20070601 20370501 ARMS No 360 360 360 944,000.00 944,000.00 First Lien 0 1,180,000.00 236,000.00 1180000 1400000 80.00 100.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 2503214049 ESCONDIDO 92026 CA 20070501 20370401 ARMS No 360 360 360 316,000.00 316,000.00 First Lien 0 316,000.00 0.00 - 395,000.00 80.00 80.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503214062 RESEDA 91335 CA 20070501 20370401 ARMS No 360 360 360 399,000.00 399,000.00 First Lien 0 399,000.00 0.00 - 570,000.00 70.00 70.00 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503214086 CHESAPEAKE 23323 VA 20070501 20370401 ARMS No 360 360 360 241,200.00 241,200.00 First Lien 0 241,200.00 0.00 - 349,400.00 69.04 69.04 No MI NO MI 0 7.495 0.375 0.0325 0.000 0.4075 2503214087 LAND O LAKES 34639 FL 20070501 20370401 ARMS Yes 360 480 360 323,000.00 323,000.00 First Lien 0 323,000.00 0.00 340000 345000 95.00 95.00 PMI LPMI 30 10.5500 0.3750 0.0325 2.1400 2.5475 2503214090 MIAMI SHORES 33138 FL 20070501 20370401 ARMS Yes 360 480 360 656,000.00 656,000.00 First Lien 0 820,000.00 164,000.00 820000 820000 80.00 100.00 No MI NO MI 0 8.1620 0.3750 0.0325 0.0000 0.4075 2503214091 PASADENA 91103 CA 20070501 20370401 FIXED No 360 360 360 750,000.00 750,000.00 First Lien 0 750,000.00 0.00 - 954,000.00 78.62 78.62 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 2503214123 HACIENDA HEIGHTS AREA 91745 CA 20070501 20370401 ARMS No 360 360 360 355,000.00 355,000.00 First Lien 0 355,000.00 0.00 - 535,000.00 66.36 66.36 No MI NO MI 0 6.175 0.375 0.0325 0.000 0.4075 2503214143 KAILUA-KONA 96740 HI 20070601 20370501 ARMS No 360 360 360 191,250.00 191,250.00 First Lien 0 191,250.00 0.00 - 255,000.00 75.00 75.00 No MI NO MI 0 7.730 0.375 0.0325 0.000 0.4075 2503214156 POMPANO BEACH 33068 FL 20070601 20370501 ARMS No 360 360 360 299,200.00 299,200.00 First Lien 0 299,200.00 0.00 - 352,000.00 85.00 85.00 PMI LPMI 22 7.125 0.375 0.0325 0.570 0.9775 2503214165 LOS ANGELES 90037 CA 20070501 20370401 ARMS No 360 360 360 517,425.00 517,425.00 First Lien 0 689,900.00 172,475.00 689900 690000 75.00 100.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 2503214170 ROSCOE 61073 IL 20070401 20220401 FIXED Yes 180 360 179 25,050.00 25,044.01 Second Lien 78350 103,400.00 0.00 114900 114900 90.00 90.00 No MI NO MI 0 12.8000 0.5000 0.0325 0.0000 0.5325 2503214173 CHICAGO 60624 IL 20070501 20370401 ARMS No 360 360 360 312,200.00 312,200.00 First Lien 0 312,200.00 0.00 - 347,000.00 89.98 89.98 PMI LPMI 25 9.500 0.375 0.0325 1.340 1.7475 2503214232 SUMMERVILLE 29485 SC 20070501 20220401 FIXED No 180 180 180 129,000.00 129,000.00 First Lien 0 129,000.00 0.00 - 193,000.00 66.84 66.84 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 2503214235 RICHMOND 23234 VA 20070401 20220401 FIXED Yes 180 360 179 20,000.00 19,996.14 Second Lien 70250 90,250.00 0.00 95000 120000 95.00 95.00 No MI NO MI 0 13.7400 0.5000 0.0325 0.0000 0.5325 2503214245 SAMMAMISH 98074 WA 20070501 20370401 ARMS No 360 360 360 500,000.00 500,000.00 First Lien 0 500,000.00 0.00 626000 650000 79.88 79.88 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 2503214262 PASADENA 91104 CA 20070501 20370401 ARMS Yes 360 480 360 592,000.00 592,000.00 First Lien 0 592,000.00 0.00 - 740,000.00 80.00 80.00 No MI NO MI 0 8.413 0.375 0.0325 0.000 0.4075 2503214301 SPRING LAKE PARK 55432 MN 20070601 20370501 ARMS No 360 360 360 177,000.00 177,000.00 First Lien 0 177,000.00 0.00 - 190,000.00 93.16 93.16 PMI LPMI 30 6.750 0.375 0.0325 0.940 1.3475 2503214320 ELK GROVE 95624 CA 20070501 20370401 ARMS No 360 360 360 213,750.00 213,750.00 First Lien 0 253,797.00 40,047.00 - 285,000.00 75.00 89.06 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503214331 LOS ANGELES 91605 CA 20070501 20370401 ARMS No 360 360 360 450,000.00 450,000.00 First Lien 0 450,000.00 0.00 - 600,000.00 75.00 75.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 2503214336 GREENFIELD 93927 CA 20070501 20370401 ARMS No 360 360 360 215,000.00 215,000.00 First Lien 0 215,000.00 0.00 - 395,000.00 54.44 54.44 No MI NO MI 0 5.950 0.375 0.0325 0.000 0.4075 2503214376 GRANTS PASS 97526 OR 20070501 20370401 ARMS No 360 360 360 143,100.00 143,100.00 First Lien 0 143,100.00 0.00 - 159,000.00 90.00 90.00 PMI LPMI 25 7.875 0.375 0.0325 1.460 1.8675 2503214377 ROWLAND HEIGHTS 91748 CA 20070501 20370401 ARMS No 360 360 360 618,400.00 618,400.00 First Lien 0 618,400.00 0.00 773000 800000 80.00 80.00 No MI NO MI 0 6.0000 0.3750 0.0325 0.0000 0.4075 2503214380 KILLINGWORTH 06419 CT 20070501 20370401 ARMS No 360 360 360 935,000.00 935,000.00 First Lien 0 935,000.00 0.00 - 1,175,000.00 79.58 79.58 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503214415 VISALIA 93291 CA 20070501 20370401 FIXED No 360 360 360 119,920.00 119,920.00 First Lien 0 119,920.00 0.00 149900 160000 80.00 80.00 No MI NO MI 0 6.7500 0.2500 0.0325 0.0000 0.2825 2503214429 WEST POINT 84015 UT 20070501 20370401 FIXED No 360 360 360 172,500.00 172,500.00 First Lien 0 172,500.00 0.00 - 230,000.00 75.00 75.00 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503214433 LAS VEGAS 89122 NV 20070501 20370401 FIXED No 360 360 360 299,000.00 299,000.00 First Lien 0 299,000.00 0.00 - 440,000.00 67.96 67.96 No MI NO MI 0 6.450 0.250 0.0325 0.000 0.2825 2503214438 CARLSBAD 92009 CA 20070501 20370401 ARMS No 360 360 360 352,000.00 352,000.00 First Lien 0 439,600.00 87,600.00 - 440,000.00 80.00 99.91 No MI NO MI 0 6.895 0.375 0.0325 0.000 0.4075 2503214441 TAMPA 33634 FL 20070401 20220401 FIXED Yes 180 360 179 23,800.00 23,795.14 Second Lien 89250 113,050.00 0.00 119000 155000 95.00 95.00 No MI NO MI 0 13.5000 0.5000 0.0325 0.0000 0.5325 2503214465 EAST ROCKAWAY 11520 NY 20070601 20220501 FIXED No 180 180 180 882,500.00 882,500.00 First Lien 0 882,500.00 0.00 - 1,200,000.00 73.55 73.55 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503214475 SACRAMENTO 95828 CA 20070501 20370401 ARMS No 360 360 360 210,000.00 210,000.00 First Lien 0 210,000.00 0.00 - 350,000.00 60.00 60.00 No MI NO MI 0 5.900 0.375 0.0325 0.000 0.4075 2503214490 SAN BERNARDINO 92411 CA 20070501 20370401 ARMS No 360 360 360 195,000.00 195,000.00 First Lien 0 195,000.00 0.00 - 305,000.00 63.94 63.94 No MI NO MI 0 7.600 0.375 0.0325 0.000 0.4075 2503214515 CORONA AREA 92880 CA 20070501 20370401 ARMS No 360 360 360 591,200.00 591,200.00 First Lien 0 739,000.00 147,800.00 739000 744000 80.00 100.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 2503214522 LA PALMA 90623 CA 20070501 20370401 ARMS No 360 360 360 460,000.00 460,000.00 First Lien 0 575,000.00 115,000.00 575000 600000 80.00 100.00 No MI NO MI 0 6.1250 0.3750 0.0325 0.0000 0.4075 2503214536 YUMA 85364 AZ 20070501 20370401 FIXED No 360 360 360 104,500.00 104,500.00 First Lien 0 104,500.00 0.00 - 190,000.00 55.00 55.00 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 2503214541 HERCULES 94547 CA 20070501 20370401 ARMS No 360 360 360 496,000.00 496,000.00 First Lien 0 558,000.00 62,000.00 620000 620000 80.00 90.00 No MI NO MI 0 5.9900 0.3750 0.0325 0.0000 0.4075 2503214542 SAN JUAN CAPISTRANO 92694 CA 20070501 20370401 ARMS No 360 360 360 600,000.00 600,000.00 First Lien 0 750,000.00 150,000.00 - 750,000.00 80.00 100.00 No MI NO MI 0 6.540 0.375 0.0325 0.000 0.4075 2503214544 CAPE CORAL 33904 FL 20070501 20370401 ARMS No 360 360 360 152,250.00 152,250.00 First Lien 0 152,250.00 0.00 - 203,000.00 75.00 75.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503214547 HONOLULU 96813 HI 20070501 20370401 ARMS No 360 360 360 172,000.00 172,000.00 First Lien 0 172,000.00 0.00 - 215,000.00 80.00 80.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 2503214582 JAMAICA 11434 NY 20070501 20370401 ARMS No 360 360 360 344,000.00 344,000.00 First Lien 0 365,500.00 21,500.00 - 430,000.00 80.00 85.00 No MI NO MI 0 6.300 0.375 0.0325 0.000 0.4075 2503214655 STOCKTON 95207 CA 20070501 20370401 ARMS No 360 360 360 350,000.00 350,000.00 First Lien 0 370,000.00 20,000.00 - 440,000.00 79.55 84.10 No MI NO MI 0 6.615 0.375 0.0325 0.000 0.4075 2503214677 HARBOR CITY AREA 90710 CA 20070501 20370401 ARMS No 360 360 360 285,000.00 285,000.00 First Lien 0 430,000.00 145,000.00 - 430,000.00 66.28 100.00 No MI NO MI 0 5.950 0.375 0.0325 0.000 0.4075 2503214682 BROOKLYN 11212 NY 20070501 20370401 ARMS No 360 360 360 230,000.00 230,000.00 First Lien 0 230,000.00 0.00 - 375,000.00 61.34 61.34 No MI NO MI 0 6.945 0.375 0.0325 0.000 0.4075 2503214745 HOLMDEL 07733 NJ 20070501 20370401 ARMS No 360 360 360 860,000.00 860,000.00 First Lien 0 860,000.00 0.00 - 1,275,000.00 67.46 67.46 No MI NO MI 0 5.650 0.375 0.0325 0.000 0.4075 2503214765 HIALEAH 33012 FL 20070501 20370401 ARMS No 360 360 360 101,250.00 101,250.00 First Lien 0 121,500.00 20,250.00 135000 135000 75.00 90.00 No MI NO MI 0 6.3920 0.3750 0.0325 0.0000 0.4075 2503214784 ROCKLEDGE 32955 FL 20070501 20370401 ARMS No 360 360 360 204,100.00 204,100.00 First Lien 0 204,100.00 0.00 - 215,000.00 94.94 94.94 PMI LPMI 30 8.310 0.375 0.0325 0.730 1.1375 2503214803 CHINO 91710 CA 20070501 20370401 FIXED No 360 360 360 484,000.00 484,000.00 First Lien 0 484,000.00 0.00 - 605,000.00 80.00 80.00 No MI NO MI 0 6.320 0.250 0.0325 0.000 0.2825 2503214812 LOS ANGELES 90002 CA 20070501 20370401 ARMS No 360 360 360 272,000.00 272,000.00 First Lien 0 272,000.00 0.00 - 460,000.00 59.14 59.14 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 2503214814 SAGINAW 48603 MI 20070501 20370401 FIXED No 360 360 360 129,700.00 129,700.00 First Lien 0 169,996.00 40,296.00 - 170,000.00 76.30 100.00 No MI NO MI 0 6.925 0.250 0.0325 0.000 0.2825 2503214833 LOS ANGELES (PLAYA DEL RE 90293 CA 20070501 20370401 ARMS No 360 360 360 350,000.00 350,000.00 First Lien 0 371,800.00 21,800.00 437500 440000 80.00 84.99 No MI NO MI 0 6.9900 0.3750 0.0325 0.0000 0.4075 2503214838 SOUTH OZONE PARK 11420 NY 20070501 20370401 ARMS No 360 360 360 360,000.00 360,000.00 First Lien 0 450,000.00 90,000.00 450000 450000 80.00 100.00 No MI NO MI 0 6.6250 0.3750 0.0325 0.0000 0.4075 2503214852 AUMSVILLE 97325 OR 20070501 20370401 ARMS No 360 360 360 120,000.00 120,000.00 First Lien 0 120,000.00 0.00 - 150,000.00 80.00 80.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503214853 LAKE MARY 32746 FL 20070501 20370401 ARMS No 360 360 360 351,500.00 351,500.00 First Lien 0 351,500.00 0.00 370000 370000 95.00 95.00 PMI LPMI 30 8.6300 0.3750 0.0325 1.7600 2.1675 2503214855 NORWALK 90650 CA 20070501 20370401 ARMS No 360 360 360 344,000.00 344,000.00 First Lien 0 430,000.00 86,000.00 430000 442000 80.00 100.00 No MI NO MI 0 6.1250 0.3750 0.0325 0.0000 0.4075 2503214860 WALNUT CREEK 94595 CA 20070501 20370401 FIXED No 360 360 360 732,750.00 732,750.00 First Lien 0 879,250.00 146,500.00 - 977,000.00 75.00 90.00 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503214870 CHICAGO 60645 IL 20070501 20370401 ARMS No 360 360 360 270,000.00 270,000.00 First Lien 0 270,000.00 0.00 300000 300000 90.00 90.00 PMI LPMI 25 9.8600 0.3750 0.0325 1.0700 1.4775 2503214879 LONG BEACH 90807 CA 20070501 20370401 ARMS No 360 360 360 446,000.00 446,000.00 First Lien 0 557,500.00 111,500.00 557500 564000 80.00 100.00 No MI NO MI 0 6.1130 0.3750 0.0325 0.0000 0.4075 2503214886 ROMEOVILLE 60446 IL 20070501 20370401 ARMS No 360 360 360 110,950.00 110,950.00 First Lien 0 150,550.00 39,600.00 158500 162000 70.00 94.99 No MI NO MI 0 6.1250 0.3750 0.0325 0.0000 0.4075 2503214897 TRACY 95376 CA 20070501 20370401 ARMS No 360 360 360 297,000.00 297,000.00 First Lien 0 297,000.00 0.00 - 575,000.00 51.66 51.66 No MI NO MI 0 5.675 0.375 0.0325 0.000 0.4075 2503214911 MANTECA 95337 CA 20070501 20370401 ARMS No 360 360 360 144,914.00 144,914.00 First Lien 0 169,915.00 25,001.00 199900 210000 72.50 85.00 No MI NO MI 0 5.8000 0.3750 0.0325 0.0000 0.4075 2503214949 CHICAGO 60615 IL 20070401 20220401 FIXED Yes 180 360 179 171,750.00 171,706.04 Second Lien 515150 686,900.00 0.00 686900 705000 100.00 100.00 No MI NO MI 0 12.5000 0.5000 0.0325 0.0000 0.5325 2503214957 GAINESVILLE 20155 VA 20070501 20370401 ARMS No 360 360 360 496,000.00 496,000.00 First Lien 0 496,000.00 0.00 - 620,000.00 80.00 80.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503214985 NEWCASTLE 98056 WA 20070501 20370401 ARMS No 360 360 360 536,000.00 536,000.00 First Lien 0 536,000.00 0.00 670000 670000 80.00 80.00 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 2503214990 DANBURY 06811 CT 20070501 20370401 ARMS No 360 360 360 437,600.00 437,600.00 First Lien 0 437,600.00 0.00 - 547,000.00 80.00 80.00 No MI NO MI 0 7.290 0.375 0.0325 0.000 0.4075 2503215006 LAS VEGAS 89109 NV 20070501 20370401 ARMS No 360 360 360 420,000.00 420,000.00 First Lien 0 420,000.00 0.00 - 600,000.00 70.00 70.00 No MI NO MI 0 6.740 0.375 0.0325 0.000 0.4075 2503215030 MIAMI 33143 FL 20070501 20370401 ARMS No 360 360 360 240,000.00 240,000.00 First Lien 0 240,000.00 0.00 - 370,000.00 64.87 64.87 No MI NO MI 0 6.275 0.375 0.0325 0.000 0.4075 2503215038 DELRAY BEACH 33444 FL 20070401 20370401 ARMS Yes 360 480 359 252,700.00 252,659.92 First Lien 0 252,700.00 0.00 266000 270000 95.00 95.00 PMI LPMI 30 9.9900 0.3750 0.0325 2.1300 2.5375 2503215068 MIAMI 33182 FL 20070601 20370501 FIXED No 360 360 360 280,000.00 280,000.00 First Lien 0 280,000.00 0.00 - 464,000.00 60.35 60.35 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 2503215086 LOS ANGELES 90011 CA 20070501 20370401 ARMS Yes 360 480 360 320,000.00 320,000.00 First Lien 0 320,000.00 0.00 - 540,000.00 59.26 59.26 No MI NO MI 0 6.365 0.375 0.0325 0.000 0.4075 2503215090 MORTON GROVE 60053 IL 20070501 20370401 ARMS No 360 360 360 688,000.00 688,000.00 First Lien 0 860,000.00 172,000.00 860000 865000 80.00 100.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 2503215099 LOS ANGELES 90003 CA 20070501 20370401 ARMS No 360 360 360 394,000.00 394,000.00 First Lien 0 394,000.00 0.00 - 510,000.00 77.26 77.26 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 2503215142 SAN DIEGO 92101 CA 20070501 20370401 ARMS No 360 360 360 376,000.00 376,000.00 First Lien 0 470,000.00 94,000.00 470000 510000 80.00 100.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 2503215171 FULLERTON 92832 CA 20070501 20370401 ARMS No 360 360 360 396,000.00 396,000.00 First Lien 0 396,000.00 0.00 - 675,000.00 58.67 58.67 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503215177 SAN JOSE 95110 CA 20070501 20370401 FIXED No 360 360 360 475,000.00 475,000.00 First Lien 0 475,000.00 0.00 - 685,000.00 69.35 69.35 No MI NO MI 0 5.950 0.250 0.0325 0.000 0.2825 2503215189 LANCASTER 93535 CA 20070501 20370401 ARMS No 360 360 360 316,000.00 316,000.00 First Lien 0 351,000.00 35,000.00 - 395,000.00 80.00 88.87 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503215190 ROUND ROCK 78664 TX 20070501 20370401 ARMS No 360 360 360 93,639.00 93,639.00 First Lien 0 93,639.00 0.00 104044 113000 90.00 90.00 PMI LPMI 25 8.4300 0.3750 0.0325 0.7700 1.1775 2503215197 PAAUHAU 96775 HI 20070501 20370401 FIXED Yes 360 480 360 383,200.00 383,200.00 First Lien 0 383,200.00 0.00 - 479,000.00 80.00 80.00 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 2503215211 SAN CLEMENTE 92673 CA 20070601 20370501 FIXED No 360 360 360 669,000.00 669,000.00 First Lien 0 669,000.00 0.00 - 3,200,000.00 20.91 20.91 No MI NO MI 0 6.280 0.250 0.0325 0.000 0.2825 2503215220 CHICAGO 60660 IL 20070501 20370401 ARMS No 360 360 360 142,000.00 142,000.00 First Lien 0 142,000.00 0.00 - 178,000.00 79.78 79.78 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 2503215257 SAN BERNARDINO 92411 CA 20070501 20370401 ARMS No 360 360 360 273,000.00 273,000.00 First Lien 0 273,000.00 0.00 - 390,000.00 70.00 70.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503215347 WEST CHICAGO 60185 IL 20070601 20370501 ARMS No 360 360 360 391,000.00 391,000.00 First Lien 0 391,000.00 0.00 - 490,000.00 79.80 79.80 No MI NO MI 0 7.875 0.375 0.0325 0.000 0.4075 2503215349 RANDALLSTOWN 21133 MD 20070501 20370401 ARMS No 360 360 360 640,000.00 640,000.00 First Lien 0 640,000.00 0.00 - 800,000.00 80.00 80.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503215367 MIAMI 33126 FL 20070501 20370401 ARMS No 360 360 360 252,000.00 252,000.00 First Lien 0 252,000.00 0.00 315000 330000 80.00 80.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 2503215376 LOS ANGELES (CANOGA PARK 91306 CA 20070501 20370401 ARMS No 360 360 360 420,000.00 420,000.00 First Lien 0 420,000.00 0.00 - 675,000.00 62.23 62.23 No MI NO MI 0 6.100 0.375 0.0325 0.000 0.4075 2503215379 BELLEVUE 98004 WA 20070501 20370401 ARMS No 360 360 360 1,890,000.00 1,890,000.00 First Lien 0 1,890,000.00 0.00 2700000 2700000 70.00 70.00 No MI NO MI 0 5.7500 0.3750 0.0325 0.0000 0.4075 2503215389 MIAMI 33145 FL 20070501 20370401 ARMS No 360 360 360 420,000.00 420,000.00 First Lien 0 560,000.00 140,000.00 560000 560000 75.00 100.00 No MI NO MI 0 6.3170 0.3750 0.0325 0.0000 0.4075 2503215407 PORTSMOUTH 23704 VA 20070401 20220401 FIXED Yes 180 360 179 21,315.00 21,309.69 Second Lien 106575 127,890.00 0.00 - 142,100.00 90.00 90.00 No MI NO MI 0 12.625 0.500 0.0325 0.000 0.5325 2503215423 LOS ANGELES (SHERMAN OAKS 91403 CA 20070501 20370401 ARMS No 360 360 360 300,000.00 300,000.00 First Lien 0 300,000.00 0.00 - 560,000.00 53.58 53.58 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503215437 WALNUT CREEK 94596 CA 20070601 20370501 ARMS No 360 360 360 466,000.00 466,000.00 First Lien 0 466,000.00 0.00 - 845,000.00 55.15 55.15 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 2503215458 HOLLISTER 95023 CA 20070501 20370401 FIXED No 360 360 360 392,000.00 392,000.00 First Lien 0 528,729.00 136,729.00 - 565,000.00 69.39 93.59 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503215501 DEL MAR 92014 CA 20070501 20370401 ARMS No 360 360 360 1,225,000.00 1,225,000.00 First Lien 0 1,225,000.00 0.00 - 1,775,000.00 69.02 69.02 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503215524 AREA OF GRASS VALLEY 95949 CA 20070501 20370401 ARMS No 360 360 360 281,900.00 281,900.00 First Lien 0 281,900.00 0.00 - 470,000.00 59.98 59.98 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503215531 SARASOTA 34232 FL 20070601 20370501 ARMS No 360 360 360 142,500.00 142,500.00 First Lien 0 202,500.00 60,000.00 - 230,000.00 61.96 88.05 No MI NO MI 0 6.770 0.375 0.0325 0.000 0.4075 2503215574 LAS VEGAS 89109 NV 20070501 20370401 ARMS No 360 360 360 388,500.00 388,500.00 First Lien 0 388,500.00 0.00 - 555,000.00 70.00 70.00 No MI NO MI 0 6.740 0.375 0.0325 0.000 0.4075 2503215575 SANTA ANA 92707 CA 20070501 20370401 ARMS No 360 360 360 188,000.00 188,000.00 First Lien 0 188,000.00 0.00 - 385,000.00 48.84 48.84 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 2503215578 SANTA ANA 92706 CA 20070501 20370401 ARMS No 360 360 360 325,000.00 325,000.00 First Lien 0 325,000.00 0.00 - 500,000.00 65.00 65.00 No MI NO MI 0 6.540 0.375 0.0325 0.000 0.4075 2503215579 SALINAS 93906 CA 20070501 20370401 ARMS No 360 360 360 535,000.00 535,000.00 First Lien 0 535,000.00 0.00 - 585,000.00 91.46 91.46 PMI LPMI 30 7.250 0.375 0.0325 1.010 1.4175 2503215590 CORONA 92883 CA 20070501 20370401 FIXED No 360 360 360 603,000.00 603,000.00 First Lien 0 734,269.00 131,269.00 - 845,000.00 71.37 86.90 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503215603 SANTA ANA 92705 CA 20070501 20370401 FIXED No 360 360 360 625,000.00 625,000.00 First Lien 0 625,000.00 0.00 - 905,000.00 69.07 69.07 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 2503215605 SAN CLEMENTE 92672 CA 20070501 20370401 ARMS No 360 360 360 750,000.00 750,000.00 First Lien 0 750,000.00 0.00 - 1,100,000.00 68.19 68.19 No MI NO MI 0 6.600 0.375 0.0325 0.000 0.4075 2503215609 CULVER CITY 90066 CA 20070601 20370501 ARMS No 360 360 360 680,000.00 680,000.00 First Lien 0 807,500.00 127,500.00 850000 854000 80.00 95.00 No MI NO MI 0 5.9900 0.3750 0.0325 0.0000 0.4075 2503215610 WHITTIER AREA 90604 CA 20070501 20370401 ARMS No 360 360 360 452,000.00 452,000.00 First Lien 0 507,000.00 55,000.00 - 565,000.00 80.00 89.74 No MI NO MI 0 6.190 0.375 0.0325 0.000 0.4075 2503215646 SAN DIEGO 92127 CA 20070501 20370401 ARMS No 360 360 360 875,000.00 875,000.00 First Lien 0 875,000.00 0.00 1465000 1250000 70.00 70.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 2503215647 OCEANSIDE 92056 CA 20070501 20370401 ARMS No 360 360 360 448,000.00 448,000.00 First Lien 0 560,000.00 112,000.00 - 560,000.00 80.00 100.00 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503215670 LOS ANGELES 90044 CA 20070501 20370401 ARMS No 360 360 360 329,600.00 329,600.00 First Lien 0 329,600.00 0.00 - 412,000.00 80.00 80.00 No MI NO MI 0 6.980 0.375 0.0325 0.000 0.4075 2503215681 PEEKSKILL 10566 NY 20070501 20370401 ARMS No 360 360 360 463,600.00 463,600.00 First Lien 0 463,600.00 0.00 488000 488000 95.00 95.00 PMI LPMI 30 10.9900 0.3750 0.0325 1.5500 1.9575 2503215702 UPPER MARLBORO 20774 MD 20070401 20220401 FIXED Yes 180 360 179 80,000.00 79,983.67 Second Lien 300000 380,000.00 0.00 - 400,000.00 95.00 95.00 No MI NO MI 0 13.500 0.500 0.0325 0.000 0.5325 2503215704 LOS ANGELES 91605 CA 20070501 20370401 ARMS No 360 360 360 517,000.00 517,000.00 First Lien 0 517,000.00 0.00 - 665,000.00 77.75 77.75 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503215717 JAMAICA 11435 NY 20070501 20370401 ARMS No 360 360 360 568,000.00 568,000.00 First Lien 0 568,000.00 0.00 720000 710000 80.00 80.00 No MI NO MI 0 8.0000 0.3750 0.0325 0.0000 0.4075 2503215728 MIRAMAR 33025 FL 20070501 20370401 ARMS No 360 360 360 130,000.00 130,000.00 First Lien 0 150,000.00 20,000.00 - 175,000.00 74.29 85.72 No MI NO MI 0 6.400 0.375 0.0325 0.000 0.4075 2503215741 LA PUENTE 91744 CA 20070501 20370401 ARMS No 360 360 360 388,000.00 388,000.00 First Lien 0 485,000.00 97,000.00 - 485,000.00 80.00 100.00 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503215757 SUN VALLEY 91352 CA 20070501 20220401 FIXED No 180 180 180 150,000.00 150,000.00 First Lien 0 150,000.00 0.00 - 625,000.00 24.00 24.00 No MI NO MI 0 5.990 0.250 0.0325 0.000 0.2825 2503215800 CORONA 92880 CA 20070501 20370401 FIXED No 360 360 360 504,000.00 504,000.00 First Lien 0 504,000.00 0.00 - 631,000.00 79.88 79.88 No MI NO MI 0 6.150 0.250 0.0325 0.000 0.2825 2503215823 GRAND JUNCTION 81506 CO 20070501 20370401 FIXED No 360 360 360 196,250.00 196,250.00 First Lien 0 196,250.00 0.00 - 248,000.00 79.14 79.14 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503215860 BOCA RATON 33433 FL 20070501 20370401 ARMS No 360 360 360 194,750.00 194,750.00 First Lien 0 194,750.00 0.00 205000 210000 95.00 95.00 PMI BPMI 30 7.9200 0.3750 0.0325 0.0000 0.4075 2503215875 NAPLES 34109 FL 20070501 20370401 ARMS No 360 360 360 272,000.00 272,000.00 First Lien 0 272,000.00 0.00 - 320,000.00 85.00 85.00 PMI LPMI 22 6.525 0.375 0.0325 0.790 1.1975 2503215878 NEW HAVEN 06511 CT 20070601 20370501 ARMS No 360 360 360 216,000.00 216,000.00 First Lien 0 216,000.00 0.00 - 288,000.00 75.00 75.00 No MI NO MI 0 9.990 0.375 0.0325 0.000 0.4075 2503215932 HIALEAH 33016 FL 20070501 20370401 ARMS No 360 360 360 176,250.00 176,250.00 First Lien 0 235,000.00 58,750.00 235000 235000 75.00 100.00 No MI NO MI 0 6.3650 0.3750 0.0325 0.0000 0.4075 2503215971 LAKELAND 33813 FL 20070501 20370401 ARMS No 360 360 360 201,600.00 201,600.00 First Lien 0 201,600.00 0.00 - 224,000.00 90.00 90.00 PMI LPMI 25 11.025 0.375 0.0325 0.770 1.1775 2503215974 BREA 92823 CA 20070501 20370401 FIXED No 360 360 360 622,975.00 622,975.00 First Lien 0 622,975.00 0.00 - 890,000.00 70.00 70.00 No MI NO MI 0 6.300 0.250 0.0325 0.000 0.2825 2503215977 LAYTON 84041 UT 20070501 20370401 FIXED No 360 360 360 151,125.00 151,125.00 First Lien 0 151,125.00 0.00 201500 202000 75.00 75.00 No MI NO MI 0 6.2500 0.2500 0.0325 0.0000 0.2825 2503215990 SAINT PETERSBURG 33710 FL 20070501 20370401 ARMS No 360 360 360 205,000.00 205,000.00 First Lien 0 205,000.00 0.00 - 260,000.00 78.85 78.85 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 2503215996 SANTA ANA 92707 CA 20070601 20370401 FIXED Yes 360 480 360 340,000.00 340,000.00 First Lien 0 340,000.00 0.00 - 400,000.00 85.00 85.00 PMI LPMI 22 6.950 0.250 0.0325 0.890 1.1725 2503215999 LOS ANGELES 90027 CA 20070501 20370401 ARMS No 360 360 360 600,000.00 600,000.00 First Lien 0 720,000.00 120,000.00 800000 820000 75.00 90.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 2503216015 SAN BERNARDINO 92410 CA 20070501 20370401 FIXED No 360 360 360 356,000.00 356,000.00 First Lien 0 356,000.00 0.00 - 445,000.00 80.00 80.00 No MI NO MI 0 6.375 0.250 0.0325 0.000 0.2825 2503216016 NORWALK 90650 CA 20070501 20370401 ARMS No 360 360 360 440,000.00 440,000.00 First Lien 0 440,000.00 0.00 - 551,000.00 79.86 79.86 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 2503216018 HIALEAH 33012 FL 20070501 20370401 ARMS No 360 360 360 114,750.00 114,750.00 First Lien 0 137,700.00 22,950.00 - 153,000.00 75.00 90.00 No MI NO MI 0 6.520 0.375 0.0325 0.000 0.4075 2503216019 SACRAMENTO 95822 CA 20070501 20370401 ARMS No 360 360 360 169,875.00 169,875.00 First Lien 0 203,850.00 33,975.00 226500 250000 75.00 90.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 2503216076 LOS ANGELES 91345 CA 20070501 20370401 FIXED No 360 360 360 322,000.00 322,000.00 First Lien 0 322,000.00 0.00 - 529,000.00 60.87 60.87 No MI NO MI 0 5.875 0.250 0.0325 0.000 0.2825 2503216088 ROCKLIN 95677 CA 20070501 20370401 FIXED No 360 360 360 295,000.00 295,000.00 First Lien 0 295,000.00 0.00 - 601,000.00 49.09 49.09 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 2503216103 KEAAU 96749 HI 20070501 20370401 FIXED No 360 360 360 135,000.00 135,000.00 First Lien 0 135,000.00 0.00 - 311,000.00 43.41 43.41 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 2503216116 GLENDALE 85303 AZ 20070501 20370401 ARMS No 360 360 360 289,750.00 289,750.00 First Lien 0 289,750.00 0.00 - 305,000.00 95.00 95.00 PMI LPMI 30 7.725 0.375 0.0325 0.770 1.1775 2503216118 SOUTHFIELD 48075 MI 20070501 20370401 ARMS No 360 360 360 106,550.00 106,550.00 First Lien 0 106,550.00 0.00 133205 140000 79.99 79.99 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 2503216127 BARSTOW 92311 CA 20070501 20370401 ARMS No 360 360 360 218,500.00 218,500.00 First Lien 0 218,500.00 0.00 - 230,000.00 95.00 95.00 PMI LPMI 30 7.990 0.375 0.0325 1.330 1.7375 2503216135 SOUTHFIELD 48075 MI 20070501 20370401 ARMS No 360 360 360 106,550.00 106,550.00 First Lien 0 106,550.00 0.00 133205 140000 79.99 79.99 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 2503216144 MURRIETA 92562 CA 20070501 20370401 ARMS No 360 360 360 257,000.00 257,000.00 First Lien 0 257,000.00 0.00 - 370,000.00 69.46 69.46 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503216151 ELK GROVE 95757 CA 20070501 20370401 ARMS No 360 360 360 465,500.00 465,500.00 First Lien 0 465,500.00 0.00 - 490,000.00 95.00 95.00 PMI LPMI 30 9.700 0.375 0.0325 0.730 1.1375 2503216153 CLOVIS 93611 CA 20070501 20370401 ARMS No 360 360 360 145,000.00 145,000.00 First Lien 0 145,000.00 0.00 295000 310000 49.16 49.16 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 2503216174 SALINAS 93905 CA 20070501 20370401 FIXED No 360 360 360 330,000.00 330,000.00 First Lien 0 330,000.00 0.00 - 475,000.00 69.48 69.48 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503216186 MURRIETA 92563 CA 20070501 20370401 ARMS No 360 360 360 432,000.00 432,000.00 First Lien 0 540,000.00 108,000.00 540000 595000 80.00 100.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 2503216189 WATSONVILLE 95076 CA 20070501 20370401 ARMS No 360 360 360 344,000.00 344,000.00 First Lien 0 344,000.00 0.00 - 940,000.00 36.60 36.60 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 2503216225 MARGATE 33068 FL 20070501 20370401 ARMS No 360 360 360 159,600.00 159,600.00 First Lien 0 193,375.00 33,775.00 - 228,000.00 70.00 84.82 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 2503216230 VISALIA 93277 CA 20070501 20370401 FIXED No 360 360 360 208,000.00 208,000.00 First Lien 0 208,000.00 0.00 - 260,000.00 80.00 80.00 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503216251 MANTECA 95336 CA 20070501 20370401 ARMS No 360 360 360 243,750.00 243,750.00 First Lien 0 292,500.00 48,750.00 - 325,000.00 75.00 90.00 No MI NO MI 0 5.900 0.375 0.0325 0.000 0.4075 2503216276 FEDERAL WAY 98003 WA 20070501 20370401 ARMS No 360 360 360 206,250.00 206,250.00 First Lien 0 261,250.00 55,000.00 275000 275000 75.00 95.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 2503216279 RIVERVIEW 33569 FL 20070501 20370401 FIXED No 360 360 360 242,000.00 242,000.00 First Lien 0 242,000.00 0.00 - 285,000.00 84.92 84.92 PMI LPMI 22 6.550 0.250 0.0325 0.390 0.6725 2503216287 YPSILANTI 48197 MI 20070501 20370401 ARMS No 360 360 360 131,000.00 131,000.00 First Lien 0 131,000.00 0.00 - 218,000.00 60.10 60.10 No MI NO MI 0 6.050 0.375 0.0325 0.000 0.4075 2503216313 CAPTAIN COOK 96704 HI 20070501 20370401 ARMS No 360 360 360 740,000.00 740,000.00 First Lien 0 832,500.00 92,500.00 925000 925000 80.00 90.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 2503216353 LOS ANGELES 90036 CA 20070501 20370401 ARMS No 360 360 360 750,000.00 750,000.00 First Lien 0 750,000.00 0.00 - 1,700,000.00 44.12 44.12 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503216367 ALHAMBRA 91801 CA 20070501 20370401 ARMS No 360 360 360 476,000.00 476,000.00 First Lien 0 501,000.00 25,000.00 595000 610000 80.00 84.21 No MI NO MI 0 5.6300 0.3750 0.0325 0.0000 0.4075 2503216388 PACOIMA 91331 CA 20070501 20370401 ARMS No 360 360 360 335,000.00 335,000.00 First Lien 0 335,000.00 0.00 - 505,000.00 66.34 66.34 No MI NO MI 0 6.200 0.375 0.0325 0.000 0.4075 2503216397 WAIPAHU 96797 HI 20070501 20370401 ARMS No 360 360 360 552,000.00 552,000.00 First Lien 0 690,000.00 138,000.00 - 690,000.00 80.00 100.00 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 2503216413 WAIPAHU 96797 HI 20070501 20370401 ARMS No 360 360 360 440,000.00 440,000.00 First Lien 0 495,000.00 55,000.00 550000 550000 80.00 90.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 2503216419 LAS VEGAS 89101 NV 20070501 20370401 ARMS No 360 360 360 186,000.00 186,000.00 First Lien 0 186,000.00 0.00 - 248,000.00 75.00 75.00 No MI NO MI 0 6.425 0.375 0.0325 0.000 0.4075 2503216452 FREDERICKSBURG 22405 VA 20070601 20370501 ARMS No 360 360 360 220,000.00 220,000.00 First Lien 0 220,000.00 0.00 - 295,000.00 74.58 74.58 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 2503216476 SKOKIE 60076 IL 20070501 20370401 ARMS No 360 360 360 150,000.00 150,000.00 First Lien 0 150,000.00 0.00 - 252,000.00 59.53 59.53 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 2503216506 STOCKTON 95212 CA 20070501 20370401 ARMS No 360 360 360 257,000.00 257,000.00 First Lien 0 257,000.00 0.00 - 395,000.00 65.07 65.07 No MI NO MI 0 5.815 0.375 0.0325 0.000 0.4075 2503216508 PORT HUENEME 93041 CA 20070501 20370401 ARMS No 360 360 360 230,000.00 230,000.00 First Lien 0 230,000.00 0.00 - 302,000.00 76.16 76.16 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503216540 LA PUENTE 91744 CA 20070501 20370401 FIXED No 360 360 360 242,000.00 242,000.00 First Lien 0 242,000.00 0.00 - 420,000.00 57.62 57.62 No MI NO MI 0 6.280 0.250 0.0325 0.000 0.2825 2503216543 OAK HILLS 92344 CA 20070501 20370401 ARMS No 360 360 360 590,250.00 590,250.00 First Lien 0 708,300.00 118,050.00 - 787,000.00 75.00 90.00 No MI NO MI 0 7.330 0.375 0.0325 0.000 0.4075 2503216567 SIMI VALLEY 93065 CA 20070601 20370501 ARMS No 360 360 360 278,000.00 278,000.00 First Lien 0 278,000.00 0.00 - 503,000.00 55.27 55.27 No MI NO MI 0 6.100 0.375 0.0325 0.000 0.4075 2503216569 LAKEWOOD 80232 CO 20070501 20370401 ARMS No 360 360 360 206,200.00 206,200.00 First Lien 0 206,200.00 0.00 - 275,000.00 74.99 74.99 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 2503216571 HOMESTEAD 33032 FL 20070501 20370401 ARMS No 360 360 360 210,000.00 210,000.00 First Lien 0 280,000.00 70,000.00 280000 280000 75.00 100.00 No MI NO MI 0 6.5250 0.3750 0.0325 0.0000 0.4075 2503216623 PORTLAND 97217 OR 20070501 20370401 ARMS No 360 360 360 301,750.00 301,750.00 First Lien 0 301,750.00 0.00 - 355,000.00 85.00 85.00 PMI LPMI 22 5.875 0.375 0.0325 0.440 0.8475 2503216625 SANTA ROSA 95409 CA 20070501 20370401 ARMS No 360 360 360 600,000.00 600,000.00 First Lien 0 600,000.00 0.00 - 1,000,000.00 60.00 60.00 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 2503216651 GIG HARBOR 98335 WA 20070501 20370401 ARMS No 360 360 360 481,950.00 481,950.00 First Lien 0 481,950.00 0.00 - 567,000.00 85.00 85.00 PMI LPMI 22 6.575 0.375 0.0325 0.700 1.1075 2503216655 WATSONVILLE 95076 CA 20070501 20370401 ARMS No 360 360 360 703,000.00 703,000.00 First Lien 0 703,000.00 0.00 - 950,000.00 74.00 74.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 2503216705 SAN JOSE 95121 CA 20070501 20370401 ARMS No 360 360 360 375,000.00 375,000.00 First Lien 0 375,000.00 0.00 - 705,000.00 53.20 53.20 No MI NO MI 0 5.800 0.375 0.0325 0.000 0.4075 2503216721 MORENO VALLEY 92553 CA 20070501 20370401 ARMS No 360 360 360 358,500.00 358,500.00 First Lien 0 358,500.00 0.00 - 385,000.00 93.12 93.12 PMI LPMI 30 6.475 0.375 0.0325 0.780 1.1875 2503216724 DORAL 33178 FL 20070501 20370401 ARMS No 360 360 360 286,900.00 286,900.00 First Lien 0 286,900.00 0.00 - 390,000.00 73.57 73.57 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503216725 MIAMI 33182 FL 20070501 20370401 ARMS No 360 360 360 258,500.00 258,500.00 First Lien 0 258,500.00 0.00 - 445,000.00 58.09 58.09 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 2503216746 DENVER 80205 CO 20070501 20370401 ARMS No 360 360 360 185,250.00 185,250.00 First Lien 0 185,250.00 0.00 - 195,000.00 95.00 95.00 PMI LPMI 30 7.575 0.375 0.0325 0.880 1.2875 2503216748 LAS VEGAS 89107 NV 20070501 20370401 ARMS No 360 360 360 174,400.00 174,400.00 First Lien 0 174,400.00 0.00 - 218,000.00 80.00 80.00 No MI NO MI 0 7.030 0.375 0.0325 0.000 0.4075 2503216756 SAN JOSE 95148 CA 20070501 20370401 ARMS No 360 360 360 475,000.00 475,000.00 First Lien 0 475,000.00 0.00 - 625,000.00 76.00 76.00 No MI NO MI 0 6.525 0.375 0.0325 0.000 0.4075 2503216764 COSTA MESA 92627 CA 20070501 20370401 ARMS No 360 360 360 885,000.00 885,000.00 First Lien 0 885,000.00 0.00 - 1,180,000.00 75.00 75.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503216796 KAILUA-KONA 96740 HI 20070501 20370401 ARMS No 360 360 360 486,000.00 486,000.00 First Lien 0 486,000.00 0.00 - 540,000.00 90.00 90.00 PMI LPMI 25 7.990 0.375 0.0325 0.970 1.3775 2503216804 HOLLYWOOD 33021 FL 20070501 20370401 ARMS No 360 360 360 143,900.00 143,900.00 First Lien 0 143,900.00 0.00 179900 180000 79.99 79.99 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 2503216819 MARYSVILLE 95901 CA 20070501 20220401 FIXED No 180 180 180 213,300.00 213,300.00 First Lien 0 213,300.00 0.00 - 237,000.00 90.00 90.00 PMI LPMI 25 7.450 0.250 0.0325 0.670 0.9525 2503216842 NEW HOPE 18938 PA 20070501 20370401 ARMS No 360 360 360 392,000.00 392,000.00 First Lien 0 392,000.00 0.00 - 560,000.00 70.00 70.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503216857 LA QUINTA 92253 CA 20070501 20370401 ARMS No 360 360 360 481,500.00 481,500.00 First Lien 0 481,500.00 0.00 - 535,000.00 90.00 90.00 PMI LPMI 25 6.750 0.375 0.0325 0.790 1.1975 2503216885 BOTHELL 98021 WA 20070501 20370401 ARMS No 360 360 360 459,200.00 459,200.00 First Lien 0 459,200.00 0.00 574000 585000 80.00 80.00 No MI NO MI 0 5.7500 0.3750 0.0325 0.0000 0.4075 2503216910 TURLOCK 95382 CA 20070501 20370401 ARMS No 360 360 360 227,250.00 227,250.00 First Lien 0 227,250.00 0.00 - 303,000.00 75.00 75.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503216919 CITRUS HEIGHTS 95621 CA 20070501 20370401 ARMS No 360 360 360 247,500.00 247,500.00 First Lien 0 280,500.00 33,000.00 - 330,000.00 75.00 85.00 No MI NO MI 0 5.900 0.375 0.0325 0.000 0.4075 2503216923 AREA OF GRANADA HILLS 91344 CA 20070501 20370401 FIXED No 360 360 360 165,000.00 165,000.00 First Lien 0 165,000.00 0.00 - 461,000.00 35.80 35.80 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503216944 SANTA ANA 92707 CA 20070501 20370401 ARMS No 360 360 360 520,000.00 520,000.00 First Lien 0 650,000.00 130,000.00 - 650,000.00 80.00 100.00 No MI NO MI 0 6.400 0.375 0.0325 0.000 0.4075 2503216973 PALMDALE 93550 CA 20070601 20370501 FIXED No 360 360 360 188,000.00 188,000.00 First Lien 0 188,000.00 0.00 - 350,000.00 53.72 53.72 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503217085 SACRAMENTO 95822 CA 20070501 20370401 FIXED No 360 360 360 196,000.00 196,000.00 First Lien 0 196,000.00 0.00 - 280,000.00 70.00 70.00 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 2503217112 GARDEN GROVE 92841 CA 20070501 20370401 ARMS No 360 360 360 500,000.00 500,000.00 First Lien 0 500,000.00 0.00 - 700,000.00 71.43 71.43 No MI NO MI 0 5.600 0.375 0.0325 0.000 0.4075 2503217164 CHANHASSEN 55317 MN 20070601 20370501 FIXED No 360 360 360 140,000.00 140,000.00 First Lien 0 173,580.00 33,580.00 - 175,000.00 80.00 99.19 No MI NO MI 0 7.200 0.250 0.0325 0.000 0.2825 2503217221 PACIFIC GROVE 93950 CA 20070501 20370401 ARMS No 360 360 360 851,250.00 851,250.00 First Lien 0 1,021,500.00 170,250.00 - 1,135,000.00 75.00 90.00 No MI NO MI 0 7.990 0.375 0.0325 0.000 0.4075 2503217257 CASTROVILLE 95012 CA 20070501 20370401 ARMS No 360 360 360 441,000.00 441,000.00 First Lien 0 441,000.00 0.00 - 630,000.00 70.00 70.00 No MI NO MI 0 5.950 0.375 0.0325 0.000 0.4075 2503217263 FRESNO 93727 CA 20070501 20370401 FIXED No 360 360 360 227,500.00 227,500.00 First Lien 0 227,500.00 0.00 242500 245000 93.82 93.82 PMI LPMI 30 6.6300 0.2500 0.0325 0.5400 0.8225 2503217266 MIAMI 33165 FL 20070501 20370401 ARMS No 360 360 360 240,000.00 240,000.00 First Lien 0 320,000.00 80,000.00 320000 320000 75.00 100.00 No MI NO MI 0 6.4900 0.3750 0.0325 0.0000 0.4075 2503217295 LOS ANGELES 90063 CA 20070501 20370401 ARMS No 360 360 360 304,000.00 304,000.00 First Lien 0 380,000.00 76,000.00 380000 380000 80.00 100.00 No MI NO MI 0 6.5500 0.3750 0.0325 0.0000 0.4075 2503217306 ROSEMARY BEACH 32413 FL 20070501 20370401 FIXED No 360 360 360 970,000.00 970,000.00 First Lien 0 970,000.00 0.00 - 1,975,000.00 49.12 49.12 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 2503217319 EWA BEACH 96706 HI 20070501 20370401 ARMS No 360 360 360 336,000.00 336,000.00 First Lien 0 420,000.00 84,000.00 420000 420000 80.00 100.00 No MI NO MI 0 6.3000 0.3750 0.0325 0.0000 0.4075 2503217326 BROOKLYN 11208 NY 20070501 20370401 ARMS No 360 360 360 499,500.00 499,500.00 First Lien 0 499,500.00 0.00 - 555,000.00 90.00 90.00 PMI LPMI 25 8.250 0.375 0.0325 1.340 1.7475 2503217347 ANAHEIM 92805 CA 20070501 20370401 ARMS No 360 360 360 250,000.00 250,000.00 First Lien 0 250,000.00 0.00 - 565,000.00 44.25 44.25 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 2503217349 SCRANTON 18505 PA 20070501 20370401 ARMS No 360 360 360 111,900.00 111,900.00 First Lien 0 111,900.00 0.00 139900 145000 79.99 79.99 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 2503217358 BOCA RATON 33431 FL 20070501 20370401 ARMS No 360 360 360 417,000.00 417,000.00 First Lien 0 417,000.00 0.00 - 950,000.00 43.90 43.90 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 2503217360 CHICAGO 60611 IL 20070601 20370501 ARMS No 360 360 360 133,000.00 133,000.00 First Lien 0 133,000.00 0.00 - 190,000.00 70.00 70.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 2503217361 ORLANDO 32811 FL 20070501 20370401 ARMS No 360 360 360 161,900.00 161,900.00 First Lien 0 161,900.00 0.00 179900 194000 90.00 90.00 PMI LPMI 25 10.9200 0.3750 0.0325 1.5400 1.9475 2503217404 STAMFORD 06903 CT 20070601 20370501 ARMS No 360 360 360 627,500.00 627,500.00 First Lien 0 627,500.00 0.00 - 815,000.00 77.00 77.00 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503217415 LAS VEGAS 89101 NV 20070501 20370401 ARMS No 360 360 360 176,000.00 176,000.00 First Lien 0 220,000.00 44,000.00 220000 223000 80.00 100.00 No MI NO MI 0 6.6750 0.3750 0.0325 0.0000 0.4075 2503217431 BALDWIN PARK 91706 CA 20070501 20370401 ARMS No 360 360 360 241,500.00 241,500.00 First Lien 0 345,000.00 103,500.00 345000 350000 70.00 100.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 2503217443 CHICO 95973 CA 20070501 20370401 ARMS No 360 360 360 373,500.00 373,500.00 First Lien 0 415,000.00 41,500.00 415000 420000 90.00 100.00 PMI LPMI 25 6.7500 0.3750 0.0325 0.7200 1.1275 2503217470 LAS VEGAS 89102 NV 20070501 20370401 ARMS No 360 360 360 218,400.00 218,400.00 First Lien 0 218,400.00 0.00 - 273,000.00 80.00 80.00 No MI NO MI 0 6.450 0.375 0.0325 0.000 0.4075 2503217487 JACKSONVILLE 32209 FL 20070601 20370501 ARMS No 360 360 360 159,100.00 159,100.00 First Lien 0 179,100.00 20,000.00 199000 220000 79.95 90.00 No MI NO MI 0 8.7500 0.3750 0.0325 0.0000 0.4075 2503217506 BEND 97707 OR 20070501 20370401 ARMS No 360 360 360 210,000.00 210,000.00 First Lien 0 253,000.00 43,000.00 - 300,000.00 70.00 84.34 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503217515 RANCHO CUCAMONGA 91739 CA 20070501 20370401 ARMS No 360 360 360 632,000.00 632,000.00 First Lien 0 790,000.00 158,000.00 790000 790000 80.00 100.00 No MI NO MI 0 5.6250 0.3750 0.0325 0.0000 0.4075 2503217527 ANTIOCH 94531 CA 20070501 20370401 ARMS No 360 360 360 592,000.00 592,000.00 First Lien 0 740,000.00 148,000.00 740000 740000 80.00 100.00 No MI NO MI 0 6.6950 0.3750 0.0325 0.0000 0.4075 2503217556 LAMONT 93241 CA 20070501 20370401 FIXED No 360 360 360 120,400.00 120,400.00 First Lien 0 120,400.00 0.00 - 177,000.00 68.03 68.03 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 2503217558 COMPTON AREA 90222 CA 20070501 20370401 ARMS No 360 360 360 277,500.00 277,500.00 First Lien 0 351,500.00 74,000.00 370000 370000 75.00 95.00 No MI NO MI 0 6.3630 0.3750 0.0325 0.0000 0.4075 2503217562 LOS ANGELES 90059 CA 20070501 20370401 ARMS No 360 360 360 312,000.00 312,000.00 First Lien 0 312,000.00 0.00 - 500,000.00 62.40 62.40 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 2503217578 LOS BANOS 93635 CA 20070501 20370401 ARMS No 360 360 360 412,000.00 412,000.00 First Lien 0 463,500.00 51,500.00 - 515,000.00 80.00 90.00 No MI NO MI 0 5.850 0.375 0.0325 0.000 0.4075 2503217583 LA HABRA 90631 CA 20070501 20370401 ARMS No 360 360 360 494,000.00 494,000.00 First Lien 0 494,000.00 0.00 - 755,000.00 65.44 65.44 No MI NO MI 0 5.560 0.375 0.0325 0.000 0.4075 2503217585 LOS ANGELES 90007 CA 20070501 20370401 ARMS No 360 360 360 750,000.00 750,000.00 First Lien 0 990,000.00 240,000.00 - 1,100,000.00 68.19 90.00 No MI NO MI 0 6.680 0.375 0.0325 0.000 0.4075 2503217587 LOS ANGELES 90047 CA 20070501 20370401 ARMS No 360 360 360 422,100.00 422,100.00 First Lien 0 422,100.00 0.00 469000 469000 90.00 90.00 PMI LPMI 25 6.9900 0.3750 0.0325 0.5700 0.9775 2503217616 TAMARAC 33321 FL 20070501 20370401 ARMS No 360 360 360 193,500.00 193,500.00 First Lien 0 193,500.00 0.00 - 215,000.00 90.00 90.00 PMI LPMI 25 11.990 0.375 0.0325 1.640 2.0475 2503217628 SAINT ALBANS 11412 NY 20070501 20370401 ARMS No 360 360 360 448,000.00 448,000.00 First Lien 0 448,000.00 0.00 560000 565000 80.00 80.00 No MI NO MI 0 7.3300 0.3750 0.0325 0.0000 0.4075 2503217638 ORLANDO 32811 FL 20070501 20370401 ARMS No 360 360 360 116,150.00 116,150.00 First Lien 0 139,350.00 23,200.00 154900 156500 74.99 89.97 No MI NO MI 0 7.1350 0.3750 0.0325 0.0000 0.4075 2503217655 HOLLYWOOD 33021 FL 20070501 20370401 ARMS No 360 360 360 346,750.00 346,750.00 First Lien 0 346,750.00 0.00 - 365,000.00 95.00 95.00 PMI LPMI 30 9.430 0.375 0.0325 0.880 1.2875 2503217663 MORENO VALLEY 92555 CA 20070501 20370401 ARMS No 360 360 360 410,000.00 410,000.00 First Lien 0 410,000.00 0.00 - 460,000.00 89.14 89.14 PMI LPMI 25 7.440 0.375 0.0325 0.670 1.0775 2503217692 MIAMI 33196 FL 20070501 20370401 ARMS No 360 360 360 285,000.00 285,000.00 First Lien 0 380,000.00 95,000.00 380000 380000 75.00 100.00 No MI NO MI 0 6.5250 0.3750 0.0325 0.0000 0.4075 2503217702 CORONA 92882 CA 20070501 20370401 ARMS No 360 360 360 275,000.00 275,000.00 First Lien 0 275,000.00 0.00 - 468,000.00 58.77 58.77 No MI NO MI 0 5.625 0.375 0.0325 0.000 0.4075 2503217724 MIAMI 33175 FL 20070501 20370401 ARMS No 360 360 360 731,250.00 731,250.00 First Lien 0 975,000.00 243,750.00 975000 975000 75.00 100.00 No MI NO MI 0 6.2400 0.3750 0.0325 0.0000 0.4075 2503217748 ORLANDO 32811 FL 20070501 20370401 ARMS No 360 360 360 194,900.00 194,900.00 First Lien 0 233,850.00 38,950.00 259900 259900 75.00 89.98 No MI NO MI 0 7.0300 0.3750 0.0325 0.0000 0.4075 2503217755 ELMHURST 11373 NY 20070501 20370401 ARMS No 360 360 360 315,000.00 315,000.00 First Lien 0 315,000.00 0.00 - 550,000.00 57.28 57.28 No MI NO MI 0 6.850 0.375 0.0325 0.000 0.4075 2503217775 BRANDON 39047 MS 20070501 20370401 ARMS No 360 360 360 135,750.00 135,750.00 First Lien 0 171,950.00 36,200.00 181000 181000 75.00 95.00 No MI NO MI 0 6.6250 0.3750 0.0325 0.0000 0.4075 2503217802 WEST HOLLYWOOD 90069 CA 20070501 20370401 ARMS No 360 360 360 680,000.00 680,000.00 First Lien 0 830,000.00 150,000.00 - 850,000.00 80.00 97.65 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 2503217817 GILBERT 85296 AZ 20070501 20370401 ARMS No 360 360 360 448,000.00 448,000.00 First Lien 0 560,000.00 112,000.00 - 560,000.00 80.00 100.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 2503217839 CHICAGO 60714 IL 20070501 20370401 ARMS No 360 360 360 333,000.00 333,000.00 First Lien 0 333,000.00 0.00 - 420,000.00 79.29 79.29 No MI NO MI 0 7.599 0.375 0.0325 0.000 0.4075 2503217853 LA PALMA 90623 CA 20070501 20370401 ARMS No 360 360 360 521,250.00 521,250.00 First Lien 0 695,000.00 173,750.00 695000 705000 75.00 100.00 No MI NO MI 0 6.5250 0.3750 0.0325 0.0000 0.4075 2503217881 COCONUT CREEK 33066 FL 20070501 20370401 ARMS No 360 360 360 200,000.00 200,000.00 First Lien 0 225,000.00 25,000.00 - 250,000.00 80.00 90.00 No MI NO MI 0 6.600 0.375 0.0325 0.000 0.4075 2503217894 ANTIOCH 94531 CA 20070501 20370401 ARMS No 360 360 360 343,300.00 343,300.00 First Lien 0 429,125.00 85,825.00 429125 460000 80.00 100.00 No MI NO MI 0 6.4500 0.3750 0.0325 0.0000 0.4075 2503217955 SAN JOSE 95122 CA 20070501 20370401 ARMS No 360 360 360 313,600.00 313,600.00 First Lien 0 372,400.00 58,800.00 - 392,000.00 80.00 95.00 No MI NO MI 0 6.800 0.375 0.0325 0.000 0.4075 2503217979 BRENTWOOD 11717 NY 20070501 20370401 ARMS No 360 360 360 373,100.00 373,100.00 First Lien 0 466,380.00 93,280.00 466400 467000 80.00 100.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 2503218041 SALINAS 93906 CA 20070501 20370401 ARMS No 360 360 360 483,960.00 483,960.00 First Lien 0 604,950.00 120,990.00 604950 610000 80.00 100.00 No MI NO MI 0 5.7500 0.3750 0.0325 0.0000 0.4075 2503218099 CHICAGO 60611 IL 20070601 20370501 ARMS No 360 360 360 151,500.00 151,500.00 First Lien 0 151,500.00 0.00 - 220,000.00 68.87 68.87 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 2503218101 SANTA MARIA 93455 CA 20070501 20370401 FIXED No 360 360 360 474,000.00 474,000.00 First Lien 0 474,000.00 0.00 - 550,000.00 86.19 86.19 PMI LPMI 25 6.750 0.250 0.0325 0.610 0.8925 2503218107 LOS ANGELES 90063 CA 20070501 20370401 ARMS No 360 360 360 378,000.00 378,000.00 First Lien 0 513,000.00 135,000.00 540000 540000 70.00 95.00 No MI NO MI 0 6.1250 0.3750 0.0325 0.0000 0.4075 2503218154 DEERFIELD BEACH 33064 FL 20070601 20370501 FIXED No 360 360 360 125,000.00 125,000.00 First Lien 0 125,000.00 0.00 - 250,000.00 50.00 50.00 No MI NO MI 0 6.950 0.250 0.0325 0.000 0.2825 2503218214 HOMESTEAD 33033 FL 20070501 20370401 ARMS No 360 360 360 279,000.00 279,000.00 First Lien 0 279,000.00 0.00 310000 310000 90.00 90.00 PMI LPMI 25 8.7900 0.3750 0.0325 1.1400 1.5475 2503218232 BURBANK 91501 CA 20070501 20370401 ARMS No 360 360 360 520,000.00 520,000.00 First Lien 0 650,000.00 130,000.00 650000 660000 80.00 100.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 2503218287 TURLOCK 95382 CA 20070501 20370401 ARMS No 360 360 360 281,000.00 281,000.00 First Lien 0 281,000.00 0.00 - 375,000.00 74.94 74.94 No MI NO MI 0 6.238 0.375 0.0325 0.000 0.4075 2503218313 LOS ANGELES 90068 CA 20070501 20370401 FIXED No 360 360 360 715,000.00 715,000.00 First Lien 0 915,000.00 200,000.00 - 1,145,000.00 62.45 79.92 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503218341 LAS VEGAS 89123 NV 20070501 20370401 ARMS No 360 360 360 144,000.00 144,000.00 First Lien 0 144,000.00 0.00 180000 185000 80.00 80.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 2503218361 LOS ANGELES 90002 CA 20070501 20370401 ARMS No 360 360 360 280,000.00 280,000.00 First Lien 0 280,000.00 0.00 - 350,000.00 80.00 80.00 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 2503218363 SPRINGFIELD 22153 VA 20070501 20370401 ARMS No 360 360 360 307,500.00 307,500.00 First Lien 0 307,500.00 0.00 - 410,000.00 75.00 75.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503218378 BELLEVUE 98006 WA 20070501 20370401 ARMS No 360 360 360 500,000.00 500,000.00 First Lien 0 500,000.00 0.00 - 850,000.00 58.83 58.83 No MI NO MI 0 5.550 0.375 0.0325 0.000 0.4075 2503218381 TAFT 93268 CA 20070501 20370401 ARMS No 360 360 360 186,000.00 186,000.00 First Lien 0 186,000.00 0.00 - 235,000.00 79.15 79.15 No MI NO MI 0 8.088 0.375 0.0325 0.000 0.4075 2503218384 BEAR 19701 DE 20070501 20370401 ARMS No 360 360 360 252,000.00 252,000.00 First Lien 0 252,000.00 0.00 - 315,000.00 80.00 80.00 No MI NO MI 0 6.620 0.375 0.0325 0.000 0.4075 2503218401 LAS VEGAS 89101 NV 20070501 20370401 FIXED No 360 360 360 214,400.00 214,400.00 First Lien 0 214,400.00 0.00 - 268,000.00 80.00 80.00 No MI NO MI 0 7.381 0.250 0.0325 0.000 0.2825 2503218406 GARDENA 90247 CA 20070501 20370401 FIXED No 360 360 360 516,000.00 516,000.00 First Lien 0 516,000.00 0.00 - 650,000.00 79.39 79.39 No MI NO MI 0 6.800 0.250 0.0325 0.000 0.2825 2503218427 BRONX 10466 NY 20070501 20370401 ARMS No 360 360 360 342,000.00 342,000.00 First Lien 0 342,000.00 0.00 360000 360000 95.00 95.00 PMI BPMI 30 8.5000 0.3750 0.0325 0.0000 0.4075 2503218453 LANCASTER 93535 CA 20070501 20370401 ARMS No 360 360 360 283,500.00 283,500.00 First Lien 0 283,500.00 0.00 - 315,000.00 90.00 90.00 PMI LPMI 25 8.700 0.375 0.0325 1.140 1.5475 2503218457 SEATTLE 98103 WA 20070501 20370401 ARMS No 360 360 360 307,000.00 307,000.00 First Lien 0 307,000.00 0.00 - 410,000.00 74.88 74.88 No MI NO MI 0 6.733 0.375 0.0325 0.000 0.4075 2503218479 HALLANDALE 33009 FL 20070501 20370401 ARMS No 360 360 360 413,250.00 413,250.00 First Lien 0 413,250.00 0.00 435000 435000 95.00 95.00 PMI LPMI 30 8.9800 0.3750 0.0325 1.6600 2.0675 2503218501 (TUJUNGA AREA) LOS ANGELE 91042 CA 20070501 20370401 ARMS No 360 360 360 585,000.00 585,000.00 First Lien 0 585,000.00 0.00 - 1,100,000.00 53.19 53.19 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503218507 VALRICO 33594 FL 20070501 20370401 ARMS No 360 360 360 189,000.00 189,000.00 First Lien 0 189,000.00 0.00 210000 210000 90.00 90.00 PMI LPMI 25 9.8400 0.3750 0.0325 0.7700 1.1775 2503218525 INGLEWOOD 90303 CA 20070501 20370401 ARMS No 360 360 360 496,000.00 496,000.00 First Lien 0 496,000.00 0.00 - 620,000.00 80.00 80.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503218562 TALLAHASSEE 32304 FL 20070501 20370401 ARMS No 360 360 360 99,250.00 99,250.00 First Lien 0 119,250.00 20,000.00 132500 137500 74.91 90.00 No MI NO MI 0 6.4750 0.3750 0.0325 0.0000 0.4075 2503218567 WATSONVILLE 95076 CA 20070501 20370401 ARMS No 360 360 360 544,000.00 544,000.00 First Lien 0 544,000.00 0.00 - 680,000.00 80.00 80.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503218569 MIAMI 33145 FL 20070501 20370401 ARMS No 360 360 360 405,500.00 405,500.00 First Lien 0 405,500.00 0.00 - 525,000.00 77.24 77.24 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 2503218589 MIRA LOMA 91752 CA 20070501 20370401 ARMS No 360 360 360 480,000.00 480,000.00 First Lien 0 540,000.00 60,000.00 - 605,000.00 79.34 89.26 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 2503218603 LOS ANGELES 90003 CA 20070501 20370401 FIXED No 360 360 360 460,000.00 460,000.00 First Lien 0 460,000.00 0.00 - 575,000.00 80.00 80.00 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503218619 JUPITER 33458 FL 20070501 20370401 FIXED No 360 360 360 123,200.00 123,200.00 First Lien 0 123,200.00 0.00 - 154,000.00 80.00 80.00 No MI NO MI 0 7.000 0.250 0.0325 0.000 0.2825 2503218632 REDWOOD CITY 94061 CA 20070501 20370401 ARMS No 360 360 360 689,000.00 689,000.00 First Lien 0 786,000.00 97,000.00 - 1,063,000.00 64.82 73.95 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 2503218639 SAN FERNANDO 91340 CA 20070501 20370401 ARMS No 360 360 360 477,500.00 477,500.00 First Lien 0 477,500.00 0.00 - 650,000.00 73.47 73.47 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503218640 SAN JOSE 95123 CA 20070501 20370401 ARMS No 360 360 360 253,500.00 253,500.00 First Lien 0 253,500.00 0.00 - 372,000.00 68.15 68.15 No MI NO MI 0 5.650 0.375 0.0325 0.000 0.4075 2503218647 TORRINGTON 06790 CT 20070501 20370401 ARMS No 360 360 360 178,500.00 178,500.00 First Lien 0 178,500.00 0.00 - 230,000.00 77.61 77.61 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503218653 BIG BEAR CITY 92314 CA 20070501 20370401 ARMS No 360 360 360 310,500.00 310,500.00 First Lien 0 310,500.00 0.00 - 345,000.00 90.00 90.00 PMI LPMI 25 11.720 0.375 0.0325 1.440 1.8475 2503218665 WANTAGE 07461 NJ 20070501 20370401 ARMS No 360 360 360 270,900.00 270,900.00 First Lien 0 270,900.00 0.00 - 301,000.00 90.00 90.00 PMI LPMI 25 8.700 0.375 0.0325 1.710 2.1175 2503218742 LAKE WALES 33859 FL 20070501 20370401 ARMS No 360 360 360 417,000.00 417,000.00 First Lien 0 417,000.00 0.00 - 630,000.00 66.20 66.20 No MI NO MI 0 6.444 0.375 0.0325 0.000 0.4075 2503218759 BAKERSFIELD AREA 93305 CA 20070601 20370501 ARMS No 360 360 360 202,500.00 202,500.00 First Lien 0 202,500.00 0.00 - 270,000.00 75.00 75.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 2503218765 BEAUMONT 92223 CA 20070501 20370401 ARMS No 360 360 360 270,000.00 270,000.00 First Lien 0 270,000.00 0.00 - 360,000.00 75.00 75.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 2503218771 STOCKTON 95206 CA 20070601 20370501 ARMS No 360 360 360 460,000.00 460,000.00 First Lien 0 575,000.00 115,000.00 575000 575000 80.00 100.00 No MI NO MI 0 7.6350 0.3750 0.0325 0.0000 0.4075 2503218776 CAMERON PARK 95682 CA 20070501 20370401 FIXED No 360 360 360 305,000.00 305,000.00 First Lien 0 305,000.00 0.00 - 385,000.00 79.23 79.23 No MI NO MI 0 7.000 0.250 0.0325 0.000 0.2825 2503218814 TULARE 93274 CA 20070501 20370401 ARMS No 360 360 360 144,000.00 144,000.00 First Lien 0 144,000.00 0.00 - 180,000.00 80.00 80.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 2503218824 LONG BEACH 90802 CA 20070501 20370401 FIXED No 360 360 360 200,000.00 200,000.00 First Lien 0 200,000.00 0.00 515000 515000 38.84 38.84 No MI NO MI 0 6.1400 0.2500 0.0325 0.0000 0.2825 2503218837 MIDDLE VILLAGE 11379 NY 20070501 20370401 FIXED No 360 360 360 150,000.00 150,000.00 First Lien 0 150,000.00 0.00 505000 525000 29.71 29.71 No MI NO MI 0 6.9900 0.2500 0.0325 0.0000 0.2825 2503218889 RANCHO SANTA MARGARITA 92688 CA 20070501 20370401 ARMS No 360 360 360 516,000.00 516,000.00 First Lien 0 618,591.00 102,591.00 - 645,000.00 80.00 95.91 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 2503218898 MILPITAS 95035 CA 20070501 20370401 ARMS No 360 360 360 295,000.00 295,000.00 First Lien 0 295,000.00 0.00 - 640,000.00 46.10 46.10 No MI NO MI 0 5.825 0.375 0.0325 0.000 0.4075 2503218911 SACRAMENTO 95823 CA 20070601 20370501 ARMS No 360 360 360 256,000.00 256,000.00 First Lien 0 306,000.00 50,000.00 - 325,000.00 78.77 94.16 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 2503218923 BROOKLYN 11236 NY 20070501 20370401 ARMS No 360 360 360 457,920.00 457,920.00 First Lien 0 572,400.00 114,480.00 572400 585000 80.00 100.00 No MI NO MI 0 7.0400 0.3750 0.0325 0.0000 0.4075 2503218940 TAMPA 33634 FL 20070501 20370401 ARMS No 360 360 360 160,000.00 160,000.00 First Lien 0 160,000.00 0.00 - 200,000.00 80.00 80.00 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 2503218963 EWA BEACH 96706 HI 20070501 20370401 ARMS No 360 360 360 291,000.00 291,000.00 First Lien 0 291,000.00 0.00 - 418,000.00 69.62 69.62 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 2503218969 RIVERSIDE 92503 CA 20070501 20370401 ARMS No 360 360 360 500,000.00 500,000.00 First Lien 0 500,000.00 0.00 - 725,000.00 68.97 68.97 No MI NO MI 0 6.450 0.375 0.0325 0.000 0.4075 2503218970 AZUSA 91702 CA 20070501 20370401 ARMS Yes 360 480 360 456,000.00 456,000.00 First Lien 0 456,000.00 0.00 - 480,000.00 95.00 95.00 PMI LPMI 30 6.999 0.375 0.0325 0.890 1.2975 2503218980 BIG BEAR CITY AREA 92314 CA 20070501 20370401 ARMS No 360 360 360 156,100.00 156,100.00 First Lien 0 156,100.00 0.00 - 223,000.00 70.00 70.00 No MI NO MI 0 5.995 0.375 0.0325 0.000 0.4075 2503219012 HANFORD 93230 CA 20070501 20370401 ARMS No 360 360 360 192,000.00 192,000.00 First Lien 0 192,000.00 0.00 - 240,000.00 80.00 80.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 2503219017 HANFORD 93230 CA 20070501 20370401 ARMS No 360 360 360 192,000.00 192,000.00 First Lien 0 192,000.00 0.00 - 240,000.00 80.00 80.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 2503219020 MESA 85210 AZ 20070501 20370401 ARMS No 360 360 360 164,000.00 164,000.00 First Lien 0 164,000.00 0.00 - 205,000.00 80.00 80.00 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 2503219037 REDMOND 98053 WA 20070501 20370401 ARMS No 360 360 360 451,000.00 451,000.00 First Lien 0 451,000.00 0.00 - 1,000,000.00 45.10 45.10 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 2503219081 JACKSONVILLE 32225 FL 20070501 20370401 ARMS No 360 360 360 172,800.00 172,800.00 First Lien 0 172,800.00 0.00 216000 216000 80.00 80.00 No MI NO MI 0 5.9900 0.3750 0.0325 0.0000 0.4075 2503219085 POMONA 91767 CA 20070501 20370401 ARMS No 360 360 360 442,500.00 442,500.00 First Lien 0 530,500.00 88,000.00 - 590,000.00 75.00 89.92 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503219091 FORT LAUDERDALE 33311 FL 20070601 20370501 FIXED No 360 360 360 170,000.00 170,000.00 First Lien 0 170,000.00 0.00 - 355,000.00 47.89 47.89 No MI NO MI 0 7.375 0.250 0.0325 0.000 0.2825 2503219116 CEDAR PINES PARK 92322 CA 20070501 20370401 ARMS No 360 360 360 94,500.00 94,500.00 First Lien 0 94,500.00 0.00 105000 155000 90.00 90.00 PMI LPMI 25 10.6250 0.3750 0.0325 1.0400 1.4475 2503219122 LOS ANGELES 90039 CA 20070501 20370401 ARMS No 360 360 360 600,000.00 600,000.00 First Lien 0 720,000.00 120,000.00 - 800,000.00 75.00 90.00 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 2503219125 FULLERTON 92832 CA 20070501 20370401 ARMS No 360 360 360 454,000.00 454,000.00 First Lien 0 454,000.00 0.00 - 660,000.00 68.79 68.79 No MI NO MI 0 6.200 0.375 0.0325 0.000 0.4075 2503219128 MORENO VALLEY 92553 CA 20070501 20370401 ARMS No 360 360 360 205,000.00 205,000.00 First Lien 0 205,000.00 0.00 - 400,000.00 51.25 51.25 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503219135 RIVERSIDE 92504 CA 20070501 20370401 FIXED No 360 360 360 214,400.00 214,400.00 First Lien 0 214,400.00 0.00 - 390,000.00 54.98 54.98 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 2503219163 NEW LENOX 60451 IL 20070501 20370401 ARMS No 360 360 360 205,200.00 205,200.00 First Lien 0 205,200.00 0.00 216000 235000 95.00 95.00 PMI BPMI 30 8.5000 0.3750 0.0325 0.0000 0.4075 2503219166 PALM BAY 32907 FL 20070501 20370401 ARMS No 360 360 360 70,000.00 70,000.00 First Lien 0 70,000.00 0.00 - 228,000.00 30.71 30.71 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503219270 ORLANDO 32839 FL 20070501 20370401 ARMS No 360 360 360 135,900.00 135,900.00 First Lien 0 135,900.00 0.00 169900 174300 79.99 79.99 No MI NO MI 0 8.3500 0.3750 0.0325 0.0000 0.4075 2503219272 BALDWIN PARK 91706 CA 20070501 20370401 ARMS No 360 360 360 495,000.00 495,000.00 First Lien 0 495,000.00 0.00 - 550,000.00 90.00 90.00 PMI LPMI 25 8.250 0.375 0.0325 0.870 1.2775 2503219294 BANNING 92220 CA 20070501 20370401 ARMS No 360 360 360 185,500.00 185,500.00 First Lien 0 185,500.00 0.00 - 265,000.00 70.00 70.00 No MI NO MI 0 6.350 0.375 0.0325 0.000 0.4075 2503219297 OXNARD 93035 CA 20070601 20370501 ARMS No 360 360 360 562,500.00 562,500.00 First Lien 0 562,500.00 0.00 - 750,000.00 75.00 75.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503219299 LA MIRADA 90638 CA 20070501 20370401 ARMS No 360 360 360 364,000.00 364,000.00 First Lien 0 364,000.00 0.00 - 575,000.00 63.31 63.31 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 2503219311 AREA OF UPLAND 91784 CA 20070601 20370501 ARMS No 360 360 360 424,800.00 424,800.00 First Lien 0 467,280.00 42,480.00 - 531,000.00 80.00 88.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503219312 NORTH LAS VEGAS 89031 NV 20070501 20370401 ARMS No 360 360 360 130,000.00 130,000.00 First Lien 0 130,000.00 0.00 - 256,000.00 50.79 50.79 No MI NO MI 0 6.513 0.375 0.0325 0.000 0.4075 2503219341 KAILUA KONA 96740 HI 20070501 20370401 FIXED Yes 360 480 360 517,650.00 517,650.00 First Lien 0 517,650.00 0.00 - 609,000.00 85.00 85.00 PMI LPMI 22 6.875 0.250 0.0325 0.780 1.0625 2503219349 WAIPAHU 96797 HI 20070501 20370401 FIXED No 360 360 360 455,000.00 455,000.00 First Lien 0 455,000.00 0.00 - 775,000.00 58.71 58.71 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503219364 BROOKLYN 11228 NY 20070501 20370401 ARMS No 360 360 360 533,000.00 533,000.00 First Lien 0 533,000.00 0.00 - 765,000.00 69.68 69.68 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 2503219375 ORLANDO 32811 FL 20070501 20370401 ARMS Yes 360 480 360 193,850.00 193,850.00 First Lien 0 232,600.00 38,750.00 258500 258500 75.00 89.99 No MI NO MI 0 7.2000 0.3750 0.0325 0.0000 0.4075 2503219397 NAVARRE 32566 FL 20070501 20370401 ARMS No 360 360 360 110,250.00 110,250.00 First Lien 0 110,250.00 0.00 - 147,000.00 75.00 75.00 No MI NO MI 0 8.150 0.375 0.0325 0.000 0.4075 2503219400 FREEDOM 95019 CA 20070501 20370401 ARMS No 360 360 360 420,000.00 420,000.00 First Lien 0 420,000.00 0.00 - 675,000.00 62.23 62.23 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503219451 SANTA CLARITA 91354 CA 20070501 20370401 ARMS No 360 360 360 600,000.00 600,000.00 First Lien 0 720,000.00 120,000.00 800000 865000 75.00 90.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 2503219464 PEPEEKEO 96783 HI 20070501 20370401 FIXED No 360 360 360 219,200.00 219,200.00 First Lien 0 219,200.00 0.00 - 274,000.00 80.00 80.00 No MI NO MI 0 6.250 0.250 0.0325 0.000 0.2825 2503219468 SANFORD 32771 FL 20070501 20370401 FIXED No 360 360 360 260,250.00 260,250.00 First Lien 0 312,300.00 52,050.00 - 347,000.00 75.00 90.00 No MI NO MI 0 7.430 0.250 0.0325 0.000 0.2825 2503219475 BLOOMFIELD 07003 NJ 20070501 20370401 ARMS No 360 360 360 300,250.00 300,250.00 First Lien 0 300,250.00 0.00 - 320,000.00 93.83 93.83 PMI LPMI 30 9.963 0.375 0.0325 2.000 2.4075 2503219477 DETROIT 48206 MI 20070601 20370501 ARMS No 360 360 360 90,000.00 90,000.00 First Lien 0 90,000.00 0.00 - 120,000.00 75.00 75.00 No MI NO MI 0 9.990 0.375 0.0325 0.000 0.4075 2503219509 MORA 55051 MN 20070601 20370501 ARMS No 360 360 360 130,000.00 130,000.00 First Lien 0 130,000.00 0.00 - 153,000.00 84.97 84.97 PMI LPMI 22 7.500 0.375 0.0325 0.540 0.9475 2503219522 FAIFIELD 06825 CT 20070501 20370401 ARMS No 360 360 360 476,000.00 476,000.00 First Lien 0 476,000.00 0.00 - 560,000.00 85.00 85.00 PMI LPMI 22 7.990 0.375 0.0325 0.740 1.1475 2503219530 ORANGE PARK 32073 FL 20070501 20370401 ARMS Yes 360 480 360 104,800.00 104,800.00 First Lien 0 104,800.00 0.00 - 131,000.00 80.00 80.00 No MI NO MI 0 8.950 0.375 0.0325 0.000 0.4075 2503219538 ORLANDO 32811 FL 20070501 20370401 ARMS No 360 360 360 158,650.00 158,650.00 First Lien 0 158,650.00 0.00 167000 167000 95.00 95.00 PMI LPMI 30 9.7200 0.3750 0.0325 1.3600 1.7675 2503219541 LAS VEGAS 89147 NV 20070501 20370401 ARMS No 360 360 360 511,000.00 511,000.00 First Lien 0 511,000.00 0.00 - 730,000.00 70.00 70.00 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 2503219548 STUDIO CITY AREA 91604 CA 20070501 20370401 ARMS No 360 360 360 885,000.00 885,000.00 First Lien 0 885,000.00 0.00 1180000 1180000 75.00 75.00 No MI NO MI 0 6.2500 0.3750 0.0325 0.0000 0.4075 2503219551 LOS ANGELES 90068 CA 20070501 20370401 ARMS No 360 360 360 370,000.00 370,000.00 First Lien 0 370,000.00 0.00 - 1,079,381.00 34.28 34.28 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503219562 LOS ANGELES 90068 CA 20070501 20370401 ARMS No 360 360 360 438,000.00 438,000.00 First Lien 0 438,000.00 0.00 - 1,070,000.00 40.94 40.94 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503219596 BROOKFIELD 06804 CT 20070501 20370401 ARMS No 360 360 360 432,250.00 432,250.00 First Lien 0 432,250.00 0.00 - 455,000.00 95.00 95.00 PMI LPMI 30 7.800 0.375 0.0325 1.100 1.5075 2503219602 CORONA 92883 CA 20070501 20370401 ARMS No 360 360 360 400,000.00 400,000.00 First Lien 0 400,000.00 0.00 - 475,000.00 84.22 84.22 PMI LPMI 22 7.900 0.375 0.0325 1.030 1.4375 2503219607 PORT ST LUCIE 34953 FL 20070501 20370401 ARMS No 360 360 360 269,100.00 269,100.00 First Lien 0 269,100.00 0.00 299000 300000 90.00 90.00 PMI LPMI 25 8.7500 0.3750 0.0325 0.8200 1.2275 2503219614 LONG BEACH 90806 CA 20070501 20370401 ARMS No 360 360 360 573,750.00 573,750.00 First Lien 0 573,750.00 0.00 - 765,000.00 75.00 75.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 2503219617 SAN MARCOS 92069 CA 20070501 20370401 ARMS No 360 360 360 260,000.00 260,000.00 First Lien 0 260,000.00 0.00 390000 395000 66.67 66.67 No MI NO MI 0 5.8880 0.3750 0.0325 0.0000 0.4075 2503219619 GENEVA 60134 IL 20070601 20370501 FIXED No 360 360 360 305,800.00 305,800.00 First Lien 0 305,800.00 0.00 - 410,000.00 74.59 74.59 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 2503219626 SACRAMENTO 95842 CA 20070601 20370501 ARMS No 360 360 360 319,000.00 319,000.00 First Lien 0 319,000.00 0.00 - 345,000.00 92.47 92.47 PMI LPMI 30 6.650 0.375 0.0325 0.580 0.9875 2503219644 RANCHO CORDOVA 95670 CA 20070601 20370501 ARMS No 360 360 360 240,350.00 240,350.00 First Lien 0 240,350.00 0.00 - 253,000.00 95.00 95.00 PMI LPMI 30 7.500 0.375 0.0325 0.580 0.9875 2503219658 SAN PABLO 94806 CA 20070601 20370401 FIXED Yes 360 480 360 327,000.00 327,000.00 First Lien 0 327,000.00 0.00 - 555,000.00 58.92 58.92 No MI NO MI 0 5.500 0.250 0.0325 0.000 0.2825 2503219707 EWA BEACH 96706 HI 20070601 20370501 ARMS No 360 360 360 510,000.00 510,000.00 First Lien 0 510,000.00 0.00 - 600,000.00 85.00 85.00 PMI LPMI 22 9.025 0.375 0.0325 0.880 1.2875 2503219711 BRADENTON 34203 FL 20070501 20370401 ARMS No 360 360 360 185,300.00 185,300.00 First Lien 0 185,300.00 0.00 - 218,000.00 85.00 85.00 PMI LPMI 22 7.125 0.375 0.0325 0.930 1.3375 2503219715 MILFORD 06461 CT 20070601 20370401 ARMS Yes 360 480 360 500,000.00 500,000.00 First Lien 0 500,000.00 0.00 560000 500000 100.00 100.00 PMI LPMI 35 8.3500 0.3750 0.0325 1.2900 1.6975 2503219719 MIAMI 33142 FL 20070501 20370401 FIXED No 360 360 360 90,000.00 90,000.00 First Lien 0 90,000.00 0.00 - 190,000.00 47.37 47.37 No MI NO MI 0 6.160 0.250 0.0325 0.000 0.2825 2503219720 KULA 96790 HI 20070601 20370501 FIXED No 360 360 360 523,000.00 523,000.00 First Lien 0 523,000.00 0.00 - 1,230,000.00 42.53 42.53 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 2503219756 SAINT PETERSBURG 33707 FL 20070501 20370401 ARMS No 360 360 360 600,000.00 600,000.00 First Lien 0 600,000.00 0.00 - 1,100,000.00 54.55 54.55 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 2503219770 SALINAS 93906 CA 20070501 20370401 ARMS No 360 360 360 530,000.00 530,000.00 First Lien 0 530,000.00 0.00 - 730,000.00 72.61 72.61 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503219771 CLOVIS 93612 CA 20070501 20370401 ARMS No 360 360 360 120,800.00 120,800.00 First Lien 0 120,800.00 0.00 - 240,000.00 50.34 50.34 No MI NO MI 0 6.975 0.375 0.0325 0.000 0.4075 2503219785 MENDOTA 93640 CA 20070501 20370401 ARMS No 360 360 360 108,000.00 108,000.00 First Lien 0 108,000.00 0.00 - 225,000.00 48.00 48.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503219788 SINGER ISLAND 33404 FL 20070501 20370401 ARMS No 360 360 360 352,500.00 352,500.00 First Lien 0 352,500.00 0.00 470000 470000 75.00 75.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 2503219789 SINGER ISLAND 33404 FL 20070501 20370401 ARMS No 360 360 360 483,750.00 483,750.00 First Lien 0 483,750.00 0.00 645000 650000 75.00 75.00 No MI NO MI 0 6.8500 0.3750 0.0325 0.0000 0.4075 2503219790 LAS VEGAS 89123 NV 20070501 20370401 ARMS No 360 360 360 288,000.00 288,000.00 First Lien 0 360,000.00 72,000.00 - 360,000.00 80.00 100.00 No MI NO MI 0 7.715 0.375 0.0325 0.000 0.4075 2503219798 THOUSAND OAKS (WESTLAKE V 91362 CA 20070601 20370501 ARMS No 360 360 360 720,000.00 720,000.00 First Lien 0 810,000.00 90,000.00 900000 930000 80.00 90.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 2503219806 GLENDORA 91741 CA 20070501 20370401 FIXED No 360 360 360 470,000.00 470,000.00 First Lien 0 470,000.00 0.00 - 785,000.00 59.88 59.88 No MI NO MI 0 6.000 0.250 0.0325 0.000 0.2825 2503219811 ANAHEIM 92804 CA 20070501 20370401 ARMS No 360 360 360 548,000.00 548,000.00 First Lien 0 548,000.00 0.00 - 685,000.00 80.00 80.00 No MI NO MI 0 5.890 0.375 0.0325 0.000 0.4075 2503219814 STOCKTON 95206 CA 20070501 20370401 ARMS No 360 360 360 288,000.00 288,000.00 First Lien 0 288,000.00 0.00 - 360,000.00 80.00 80.00 No MI NO MI 0 6.850 0.375 0.0325 0.000 0.4075 2503219824 PALM BAY 32908 FL 20070601 20370501 ARMS No 360 360 360 150,200.00 150,200.00 First Lien 0 180,200.00 30,000.00 200300 207000 74.99 89.97 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 2503219825 CENTRAL POINT 97502 OR 20070601 20370501 ARMS No 360 360 360 373,500.00 373,500.00 First Lien 0 415,000.00 41,500.00 415000 415000 90.00 100.00 PMI LPMI 25 8.5990 0.3750 0.0325 0.8900 1.2975 2503219843 OAKLAND PARK 33309 FL 20070601 20370501 ARMS No 360 360 360 185,000.00 185,000.00 First Lien 0 185,000.00 0.00 - 265,000.00 69.82 69.82 No MI NO MI 0 6.325 0.375 0.0325 0.000 0.4075 2503219845 KAILUA-KONA 96740 HI 20070601 20370501 ARMS No 360 360 360 390,000.00 390,000.00 First Lien 0 390,000.00 0.00 - 525,000.00 74.29 74.29 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 2503219848 SAN DIEGO 92104 CA 20070601 20370501 ARMS No 360 360 360 700,000.00 700,000.00 First Lien 0 700,000.00 0.00 - 940,000.00 74.47 74.47 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 2503219850 KEAAU 96749 HI 20070501 20370401 FIXED Yes 360 480 360 207,200.00 207,200.00 First Lien 0 207,200.00 0.00 - 259,000.00 80.00 80.00 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503219851 WEST PALM BEACH 33412 FL 20070501 20370401 ARMS No 360 360 360 251,250.00 251,250.00 First Lien 0 318,250.00 67,000.00 335000 360000 75.00 95.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 2503219857 LA QUINTA 92253 CA 20070601 20370501 FIXED No 360 360 360 255,000.00 255,000.00 First Lien 0 255,000.00 0.00 - 340,000.00 75.00 75.00 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 2503219859 WALDORF 20603 MD 20070501 20370401 ARMS No 360 360 360 360,000.00 360,000.00 First Lien 0 360,000.00 0.00 - 450,000.00 80.00 80.00 No MI NO MI 0 7.300 0.375 0.0325 0.000 0.4075 2503219861 NORFOLK 23509 VA 20070501 20370401 ARMS No 360 360 360 134,400.00 134,400.00 First Lien 0 134,400.00 0.00 168000 168500 80.00 80.00 No MI NO MI 0 8.7200 0.3750 0.0325 0.0000 0.4075 2503219866 CARMEL 93923 CA 20070501 20370401 ARMS No 360 360 360 950,000.00 950,000.00 First Lien 0 950,000.00 0.00 - 1,750,000.00 54.29 54.29 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503219870 CHICAGO 60636 IL 20070501 20370401 ARMS No 360 360 360 243,000.00 243,000.00 First Lien 0 243,000.00 0.00 - 270,000.00 90.00 90.00 PMI LPMI 25 7.990 0.375 0.0325 1.260 1.6675 2503219904 HACKENSACK 07601 NJ 20070601 20370501 ARMS No 360 360 360 318,750.00 318,750.00 First Lien 0 382,457.00 63,707.00 - 425,000.00 75.00 89.99 No MI NO MI 0 7.700 0.375 0.0325 0.000 0.4075 2503219907 COCOA 32927 FL 20070501 20370401 ARMS No 360 360 360 153,150.00 153,150.00 First Lien 0 153,150.00 0.00 - 180,200.00 84.99 84.99 PMI LPMI 22 9.000 0.375 0.0325 1.150 1.5575 2503219908 HACKENSACK 07601 NJ 20070601 20370501 ARMS No 360 360 360 360,000.00 360,000.00 First Lien 0 431,952.00 71,952.00 - 480,000.00 75.00 89.99 No MI NO MI 0 7.700 0.375 0.0325 0.000 0.4075 2503219914 BALTIMORE 21225 MD 20070601 20370501 ARMS No 360 360 360 93,600.00 93,600.00 First Lien 0 93,600.00 0.00 - 117,000.00 80.00 80.00 No MI NO MI 0 10.500 0.375 0.0325 0.000 0.4075 2503219917 LA PUENTE 91744 CA 20070601 20370501 ARMS No 360 360 360 428,000.00 428,000.00 First Lien 0 428,000.00 0.00 - 545,000.00 78.54 78.54 No MI NO MI 0 6.590 0.375 0.0325 0.000 0.4075 2503219918 ROXBURY 02119 MA 20070601 20370501 ARMS No 360 360 360 240,000.00 240,000.00 First Lien 0 240,000.00 0.00 300000 340000 80.00 80.00 No MI NO MI 0 9.2500 0.3750 0.0325 0.0000 0.4075 2503219927 BALDWIN PARK 91706 CA 20070601 20370401 ARMS Yes 360 480 360 343,200.00 343,200.00 First Lien 0 343,200.00 0.00 429000 429000 80.00 80.00 No MI NO MI 0 6.3750 0.3750 0.0325 0.0000 0.4075 2503219937 ORANGE COVE 93646 CA 20070601 20370501 ARMS No 360 360 360 128,500.00 128,500.00 First Lien 0 128,500.00 0.00 - 185,000.00 69.46 69.46 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 2503219943 SEATTLE 98188 WA 20070501 20370401 ARMS No 360 360 360 272,650.00 272,650.00 First Lien 0 272,650.00 0.00 287000 287000 95.00 95.00 PMI BPMI 30 6.5000 0.3750 0.0325 0.0000 0.4075 2503219952 HUNTINGTON PARK AREA 90255 CA 20070601 20370501 FIXED No 360 360 360 370,000.00 370,000.00 First Lien 0 370,000.00 0.00 - 480,000.00 77.09 77.09 No MI NO MI 0 7.100 0.250 0.0325 0.000 0.2825 2503219953 FONTANA 92337 CA 20070501 20370401 FIXED No 360 360 360 240,000.00 240,000.00 First Lien 0 240,000.00 0.00 - 435,000.00 55.18 55.18 No MI NO MI 0 6.900 0.250 0.0325 0.000 0.2825 2503219959 MILILANI 96789 HI 20070501 20370401 FIXED Yes 360 480 360 344,000.00 344,000.00 First Lien 0 344,000.00 0.00 - 430,000.00 80.00 80.00 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503219969 NEWARK 94560 CA 20070501 20370401 ARMS No 360 360 360 520,000.00 520,000.00 First Lien 0 520,000.00 0.00 - 650,000.00 80.00 80.00 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503219990 SAN DIEGO 92111 CA 20070501 20370401 ARMS No 360 360 360 300,000.00 300,000.00 First Lien 0 300,000.00 0.00 - 598,000.00 50.17 50.17 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 2503219997 CLOVIS 93612 CA 20070501 20370401 FIXED No 360 360 360 246,500.00 246,500.00 First Lien 0 246,500.00 0.00 - 300,000.00 82.17 82.17 PMI BPMI 22 6.990 0.250 0.0325 0.000 0.2825 2503219999 SINGER ISLAND 33404 FL 20070501 20370401 ARMS No 360 360 360 427,500.00 427,500.00 First Lien 0 427,500.00 0.00 570000 570000 75.00 75.00 No MI NO MI 0 6.7900 0.3750 0.0325 0.0000 0.4075 2503220005 MOORPARK 93021 CA 20070601 20370501 ARMS No 360 360 360 243,000.00 243,000.00 First Lien 0 243,000.00 0.00 - 655,000.00 37.10 37.10 No MI NO MI 0 6.140 0.375 0.0325 0.000 0.4075 2503220008 GIRARD 62640 IL 20070601 20370501 ARMS No 360 360 360 65,000.00 65,000.00 First Lien 0 65,000.00 0.00 - 87,000.00 74.72 74.72 No MI NO MI 0 8.990 0.375 0.0325 0.000 0.4075 2503220009 IMPERIAL BEACH 91932 CA 20070501 20370401 ARMS No 360 360 360 294,000.00 294,000.00 First Lien 0 294,000.00 0.00 - 460,000.00 63.92 63.92 No MI NO MI 0 6.575 0.375 0.0325 0.000 0.4075 2503220012 PALMDALE 93550 CA 20070501 20370401 FIXED No 360 360 360 240,000.00 240,000.00 First Lien 0 240,000.00 0.00 - 330,000.00 72.73 72.73 No MI NO MI 0 7.500 0.250 0.0325 0.000 0.2825 2503220029 COOPER CITY 33328 FL 20070601 20370401 ARMS Yes 360 480 360 238,500.00 238,500.00 First Lien 0 251,750.00 13,250.00 265000 270000 90.00 95.00 PMI LPMI 25 8.3000 0.3750 0.0325 1.2600 1.6675 2503220044 LOS ANGELES (NORTH HOLLYW 91606 CA 20070601 20370501 ARMS No 360 360 360 405,000.00 405,000.00 First Lien 0 405,000.00 0.00 - 750,000.00 54.00 54.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 2503220045 CHICAGO 60652 IL 20070501 20370401 ARMS No 360 360 360 250,000.00 250,000.00 First Lien 0 250,000.00 0.00 - 300,000.00 83.34 83.34 PMI BPMI 22 6.875 0.375 0.0325 0.000 0.4075 2503220048 FOUNTAIN VALLEY 92708 CA 20070601 20370501 ARMS No 360 360 360 717,250.00 717,250.00 First Lien 0 717,250.00 0.00 755000 755000 95.00 95.00 No MI NO MI 0 9.5500 0.3750 0.0325 0.0000 0.4075 2503220049 SACRAMENTO 95820 CA 20070501 20370401 ARMS No 360 360 360 160,000.00 160,000.00 First Lien 0 160,000.00 0.00 - 200,000.00 80.00 80.00 No MI NO MI 0 7.990 0.375 0.0325 0.000 0.4075 2503220050 SALT LAKE CITY 84119 UT 20070601 20370501 ARMS No 360 360 360 137,700.00 137,700.00 First Lien 0 137,700.00 0.00 - 186,000.00 74.04 74.04 No MI NO MI 0 6.810 0.375 0.0325 0.000 0.4075 2503220072 ANAHEIM 92807 CA 20070501 20370401 ARMS No 360 360 360 524,500.00 524,500.00 First Lien 0 524,500.00 0.00 - 735,000.00 71.37 71.37 No MI NO MI 0 6.875 0.375 0.0325 0.000 0.4075 2503220073 SAN BERNARDINO (FONTANA A 92335 CA 20070501 20370401 FIXED No 360 360 360 222,000.00 222,000.00 First Lien 0 222,000.00 0.00 - 340,000.00 65.30 65.30 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503220076 OXNARD 93033 CA 20070501 20370401 ARMS No 360 360 360 163,000.00 163,000.00 First Lien 0 163,000.00 0.00 - 698,000.00 23.36 23.36 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 2503220077 CORAL SPRINGS 33065 FL 20070501 20370401 ARMS No 360 360 360 275,000.00 275,000.00 First Lien 0 275,000.00 0.00 - 399,000.00 68.93 68.93 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 2503220094 AMSTON 06231 CT 20070501 20370401 ARMS No 360 360 360 329,000.00 329,000.00 First Lien 0 329,000.00 0.00 - 373,000.00 88.21 88.21 PMI LPMI 25 7.875 0.375 0.0325 1.190 1.5975 2503220099 SUITLAND 20746 MD 20070601 20370501 ARMS No 360 360 360 212,000.00 212,000.00 First Lien 0 212,000.00 0.00 - 265,000.00 80.00 80.00 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 2503220102 WAIPAHU 96797 HI 20070501 20370401 FIXED Yes 360 480 360 479,000.00 479,000.00 First Lien 0 479,000.00 0.00 - 600,000.00 79.84 79.84 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503220103 APACHE JUNCTION 85219 AZ 20070501 20370401 ARMS No 360 360 360 150,500.00 150,500.00 First Lien 0 150,500.00 0.00 - 215,000.00 70.00 70.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503220107 SACRAMENTO 95824 CA 20070501 20370401 ARMS No 360 360 360 175,000.00 175,000.00 First Lien 0 175,000.00 0.00 - 259,000.00 67.57 67.57 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503220111 OXNARD 93033 CA 20070501 20370401 ARMS No 360 360 360 540,000.00 540,000.00 First Lien 0 627,800.00 87,800.00 - 675,000.00 80.00 93.01 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503220136 GARDEN GROVE 92843 CA 20070501 20370401 ARMS No 360 360 360 490,000.00 490,000.00 First Lien 0 490,000.00 0.00 - 615,000.00 79.68 79.68 No MI NO MI 0 6.490 0.375 0.0325 0.000 0.4075 2503220149 STATE COLLEGE 16801 PA 20070601 20370501 FIXED No 360 360 360 125,500.00 125,500.00 First Lien 0 125,500.00 0.00 - 148,000.00 84.80 84.80 PMI LPMI 22 7.250 0.250 0.0325 0.640 0.9225 2503220154 LA PUENTE AREA 91746 CA 20070501 20370401 ARMS No 360 360 360 250,000.00 250,000.00 First Lien 0 250,000.00 0.00 - 430,000.00 58.14 58.14 No MI NO MI 0 6.730 0.375 0.0325 0.000 0.4075 2503220162 LOS ANGELES (LA PUENTE AR 91745 CA 20070501 20370401 ARMS No 360 360 360 200,000.00 200,000.00 First Lien 0 200,000.00 0.00 - 450,000.00 44.45 44.45 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503220163 COALINGA 93210 CA 20070501 20370401 ARMS No 360 360 360 216,000.00 216,000.00 First Lien 0 270,000.00 54,000.00 270000 285000 80.00 100.00 No MI NO MI 0 6.7500 0.3750 0.0325 0.0000 0.4075 2503220173 BATON ROUGE 70816 LA 20070601 20370501 FIXED No 360 360 360 160,000.00 160,000.00 First Lien 0 190,000.00 30,000.00 200000 200000 80.00 95.00 No MI NO MI 0 7.3700 0.2500 0.0325 0.0000 0.2825 2503220177 OXFORD 06478 CT 20070601 20370501 ARMS No 360 360 360 392,000.00 392,000.00 First Lien 0 528,000.00 136,000.00 - 615,000.00 63.74 85.86 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503220199 TUCSON 85730 AZ 20070501 20370401 ARMS No 360 360 360 172,900.00 172,900.00 First Lien 0 172,900.00 0.00 - 182,000.00 95.00 95.00 PMI BPMI 30 8.500 0.375 0.0325 0.000 0.4075 2503220210 LOS ANGELES (CANOGA PARK 91303 CA 20070601 20370501 ARMS No 360 360 360 684,000.00 684,000.00 First Lien 0 855,000.00 171,000.00 855000 855000 80.00 100.00 No MI NO MI 0 6.9900 0.3750 0.0325 0.0000 0.4075 2503220222 MADISON 04950 ME 20070601 20370501 ARMS No 360 360 360 96,300.00 96,300.00 First Lien 0 96,300.00 0.00 107000 113000 90.00 90.00 PMI LPMI 25 7.3750 0.3750 0.0325 0.5200 0.9275 2503220234 LOS ANGELES 90045 CA 20070501 20370401 ARMS No 360 360 360 599,200.00 599,200.00 First Lien 0 711,550.00 112,350.00 749000 750000 80.00 95.00 No MI NO MI 0 7.0900 0.3750 0.0325 0.0000 0.4075 2503220257 QUEEN CREEK 85243 AZ 20070601 20370501 ARMS No 360 360 360 219,500.00 219,500.00 First Lien 0 219,500.00 0.00 - 244,000.00 89.96 89.96 PMI BPMI 25 7.500 0.375 0.0325 0.000 0.4075 2503220268 TEMECULA 92591 CA 20070501 20370401 ARMS No 360 360 360 545,000.00 545,000.00 First Lien 0 545,000.00 0.00 - 705,000.00 77.31 77.31 No MI NO MI 0 6.400 0.375 0.0325 0.000 0.4075 2503220271 SALINAS 93906 CA 20070501 20370401 ARMS No 360 360 360 300,000.00 300,000.00 First Lien 0 300,000.00 0.00 - 555,000.00 54.06 54.06 No MI NO MI 0 6.325 0.375 0.0325 0.000 0.4075 2503220288 SAN BERNARDINO 92410 CA 20070501 20370401 ARMS No 360 360 360 243,000.00 243,000.00 First Lien 0 243,000.00 0.00 - 325,000.00 74.77 74.77 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503220293 NEW FAIRFIELD 06812 CT 20070501 20370401 ARMS No 360 360 360 731,250.00 731,250.00 First Lien 0 731,250.00 0.00 - 975,000.00 75.00 75.00 No MI NO MI 0 8.750 0.375 0.0325 0.000 0.4075 2503220307 STOCKTON 95205 CA 20070501 20370401 FIXED No 360 360 360 165,000.00 165,000.00 First Lien 0 165,000.00 0.00 - 288,000.00 57.30 57.30 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503220308 ANTIOCH 94509 CA 20070601 20370501 ARMS No 360 360 360 251,000.00 251,000.00 First Lien 0 251,000.00 0.00 345000 345000 72.76 72.76 No MI NO MI 0 6.4100 0.3750 0.0325 0.0000 0.4075 2503220317 KINGSBURG 93631 CA 20070601 20370401 ARMS Yes 360 480 360 250,000.00 250,000.00 First Lien 0 250,000.00 0.00 250000 250000 100.00 100.00 PMI LPMI 35 6.7500 0.3750 0.0325 0.4700 0.8775 2503220358 OAKDALE 55128 MN 20070501 20370401 ARMS No 360 360 360 218,500.00 218,500.00 First Lien 0 218,500.00 0.00 230000 245000 95.00 95.00 PMI BPMI 30 6.9400 0.3750 0.0325 0.0000 0.4075 2503220395 ROGERS 72758 AR 20070501 20370401 ARMS No 360 360 360 276,000.00 276,000.00 First Lien 0 276,000.00 0.00 - 345,000.00 80.00 80.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503220425 CHICAGO 60615 IL 20070601 20370501 ARMS No 360 360 360 623,920.00 623,920.00 First Lien 0 779,900.00 155,980.00 779900 800000 80.00 100.00 No MI NO MI 0 8.3000 0.3750 0.0325 0.0000 0.4075 2503220433 CENTERTON 72719 AR 20070601 20370501 ARMS No 360 360 360 383,310.00 383,310.00 First Lien 0 383,310.00 0.00 425900 426000 90.00 90.00 PMI LPMI 25 11.1500 0.3750 0.0325 0.6900 1.0975 2503220450 RIVERSIDE 92509 CA 20070601 20370501 FIXED No 360 360 360 355,500.00 355,500.00 First Lien 0 355,500.00 0.00 - 395,000.00 90.00 90.00 PMI LPMI 25 6.990 0.250 0.0325 0.470 0.7525 2503220474 LOS ANGELES 90047 CA 20070601 20370501 ARMS No 360 360 360 88,000.00 88,000.00 First Lien 0 88,000.00 0.00 - 485,000.00 18.15 18.15 No MI NO MI 0 6.850 0.375 0.0325 0.000 0.4075 2503220476 VENTURA 93003 CA 20070501 20370401 ARMS No 360 360 360 302,000.00 302,000.00 First Lien 0 302,000.00 0.00 - 403,000.00 74.94 74.94 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 2503220486 SANTA ANA 92703 CA 20070601 20370501 ARMS No 360 360 360 255,000.00 255,000.00 First Lien 0 255,000.00 0.00 - 630,000.00 40.48 40.48 No MI NO MI 0 5.625 0.375 0.0325 0.000 0.4075 2503220487 LA PUENTE 91746 CA 20070501 20370401 ARMS No 360 360 360 81,000.00 81,000.00 First Lien 0 81,000.00 0.00 - 380,000.00 21.32 21.32 No MI NO MI 0 6.200 0.375 0.0325 0.000 0.4075 2503220497 LA PUENTE 91746 CA 20070501 20370401 ARMS No 360 360 360 190,000.00 190,000.00 First Lien 0 190,000.00 0.00 - 420,000.00 45.24 45.24 No MI NO MI 0 5.670 0.375 0.0325 0.000 0.4075 2503220512 CENTERTON 72719 AR 20070501 20370401 ARMS No 360 360 360 404,900.00 404,900.00 First Lien 0 404,900.00 0.00 449900 450000 90.00 90.00 PMI LPMI 25 10.4000 0.3750 0.0325 0.6200 1.0275 2503220527 RANCHO CUCAMONGA 91730 CA 20070601 20370501 ARMS No 360 360 360 383,950.00 383,950.00 First Lien 0 431,950.00 48,000.00 479999 480000 79.99 89.99 No MI NO MI 0 8.8380 0.3750 0.0325 0.0000 0.4075 2503220547 HANFORD 93230 CA 20070601 20370501 ARMS No 360 360 360 120,000.00 120,000.00 First Lien 0 120,000.00 0.00 - 196,000.00 61.23 61.23 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 2503220549 MIAMI 33126 FL 20070601 20370501 ARMS No 360 360 360 236,250.00 236,250.00 First Lien 0 315,000.00 78,750.00 315000 315000 75.00 100.00 No MI NO MI 0 7.9900 0.3750 0.0325 0.0000 0.4075 2503220553 HOMESTEAD 33032 FL 20070501 20370401 ARMS Yes 360 480 360 252,000.00 252,000.00 First Lien 0 252,000.00 0.00 280000 280000 90.00 90.00 PMI LPMI 25 7.3250 0.3750 0.0325 1.2100 1.6175 2503220573 HEMPSTEAD 11550 NY 20070501 20370401 FIXED No 360 360 360 260,000.00 260,000.00 First Lien 0 260,000.00 0.00 - 435,000.00 59.78 59.78 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503220574 WATSONVILLE 95076 CA 20070501 20370401 ARMS No 360 360 360 478,150.00 478,150.00 First Lien 0 478,150.00 0.00 - 655,000.00 73.00 73.00 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503220581 CORONA 92880 CA 20070601 20370501 ARMS No 360 360 360 488,000.00 488,000.00 First Lien 0 488,000.00 0.00 - 610,000.00 80.00 80.00 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 2503220591 FELTON 95018 CA 20070501 20370401 ARMS No 360 360 360 585,000.00 585,000.00 First Lien 0 585,000.00 0.00 - 780,000.00 75.00 75.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503220602 CARSON 90745 CA 20070601 20370501 ARMS No 360 360 360 314,500.00 314,500.00 First Lien 0 314,500.00 0.00 - 370,000.00 85.00 85.00 PMI LPMI 22 6.650 0.375 0.0325 0.630 1.0375 2503220612 ANAHEIM 92805 CA 20070601 20370501 ARMS No 360 360 360 516,000.00 516,000.00 First Lien 0 516,000.00 0.00 - 750,000.00 68.80 68.80 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503220613 LITCHFIELD PARK 85340 AZ 20070501 20370401 FIXED No 360 360 360 188,800.00 188,800.00 First Lien 0 188,800.00 0.00 - 236,000.00 80.00 80.00 No MI NO MI 0 6.125 0.250 0.0325 0.000 0.2825 2503220614 FRESNO 93710 CA 20070601 20370501 FIXED No 360 360 360 204,250.00 204,250.00 First Lien 0 204,250.00 0.00 215000 230000 95.00 95.00 PMI LPMI 30 10.1000 0.2500 0.0325 1.5600 1.8425 2503220618 STOCKTON 95203 CA 20070601 20370501 FIXED No 360 360 360 228,000.00 228,000.00 First Lien 0 228,000.00 0.00 - 285,000.00 80.00 80.00 No MI NO MI 0 7.600 0.250 0.0325 0.000 0.2825 2503220624 FORT LAUDERDALE 33328 FL 20070601 20370501 ARMS No 360 360 360 183,900.00 183,900.00 First Lien 0 229,880.00 45,980.00 229900 233000 80.00 100.00 No MI NO MI 0 7.4100 0.3750 0.0325 0.0000 0.4075 2503220636 COLONIA 07067 NJ 20070601 20370401 ARMS Yes 360 480 360 275,000.00 275,000.00 First Lien 0 275,000.00 0.00 - 395,000.00 69.63 69.63 No MI NO MI 0 7.990 0.375 0.0325 0.000 0.4075 2503220637 SALINAS 93906 CA 20070501 20370401 ARMS No 360 360 360 527,000.00 527,000.00 First Lien 0 527,000.00 0.00 - 660,000.00 79.85 79.85 No MI NO MI 0 5.890 0.375 0.0325 0.000 0.4075 2503220639 VICTORVILLE 92392 CA 20070501 20370401 ARMS No 360 360 360 380,000.00 380,000.00 First Lien 0 380,000.00 0.00 - 400,000.00 95.00 95.00 PMI LPMI 30 7.100 0.375 0.0325 0.580 0.9875 2503220640 KING CITY 93930 CA 20070501 20370401 ARMS No 360 360 360 545,000.00 545,000.00 First Lien 0 545,000.00 0.00 - 795,000.00 68.56 68.56 No MI NO MI 0 6.270 0.375 0.0325 0.000 0.4075 2503220667 COVINGTON 30016 GA 20070601 20370501 ARMS No 360 360 360 127,300.00 127,300.00 First Lien 0 127,300.00 0.00 134000 134000 95.00 95.00 PMI BPMI 30 7.6200 0.3750 0.0325 0.0000 0.4075 2503220674 MIAMI 33145 FL 20070601 20370501 ARMS No 360 360 360 265,410.00 265,410.00 First Lien 0 265,410.00 0.00 294900 310000 90.00 90.00 PMI LPMI 25 12.8000 0.3750 0.0325 1.6600 2.0675 2503220677 TUALATIN 97062 OR 20070601 20370501 FIXED No 360 360 360 243,900.00 243,900.00 First Lien 0 243,900.00 0.00 271000 274000 90.00 90.00 PMI LPMI 25 8.3250 0.2500 0.0325 0.9700 1.2525 2503220694 MISSION VIEJO 92692 CA 20070601 20370501 ARMS No 360 360 360 400,000.00 400,000.00 First Lien 0 400,000.00 0.00 - 490,000.00 81.64 81.64 PMI LPMI 22 6.125 0.375 0.0325 0.750 1.1575 2503220707 PALM SPRINGS 92262 CA 20070601 20370501 ARMS No 360 360 360 300,000.00 300,000.00 First Lien 0 300,000.00 0.00 - 402,000.00 74.63 74.63 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 2503220709 BROOKLYN 11226 NY 20070601 20370501 ARMS No 360 360 360 495,000.00 495,000.00 First Lien 0 495,000.00 0.00 550000 550000 90.00 90.00 PMI LPMI 25 8.7800 0.3750 0.0325 0.6400 1.0475 2503220712 LOS ANGELES (VAN NUYS ARE 91401 CA 20070601 20370501 FIXED No 360 360 360 300,000.00 300,000.00 First Lien 0 300,000.00 0.00 - 585,000.00 51.29 51.29 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 2503220715 ENGLEWOOD 34224 FL 20070601 20370501 ARMS No 360 360 360 173,000.00 173,000.00 First Lien 0 173,000.00 0.00 - 240,000.00 72.09 72.09 No MI NO MI 0 5.950 0.375 0.0325 0.000 0.4075 2503220726 PAHOA 96778 HI 20070601 20370401 ARMS Yes 360 480 360 178,500.00 178,500.00 First Lien 0 178,500.00 0.00 - 225,000.00 79.34 79.34 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 2503220729 CHICAGO 60645 IL 20070601 20370501 ARMS No 360 360 360 270,000.00 270,000.00 First Lien 0 270,000.00 0.00 300000 300000 90.00 90.00 PMI LPMI 25 11.3750 0.3750 0.0325 0.7200 1.1275 2503220743 MIAMI 33155 FL 20070501 20370401 ARMS No 360 360 360 299,250.00 299,250.00 First Lien 0 299,250.00 0.00 315000 335000 95.00 95.00 PMI LPMI 30 10.2500 0.3750 0.0325 1.6100 2.0175 2503220746 FRESNO 93725 CA 20070501 20370401 ARMS No 360 360 360 187,200.00 187,200.00 First Lien 0 208,000.00 20,800.00 208000 208000 90.00 100.00 PMI LPMI 25 7.5000 0.3750 0.0325 1.2400 1.6475 2503220793 BOYNTON BEACH 33435 FL 20070601 20370501 ARMS No 360 360 360 164,800.00 164,800.00 First Lien 0 164,800.00 0.00 - 206,000.00 80.00 80.00 No MI NO MI 0 9.000 0.375 0.0325 0.000 0.4075 2503220808 LOS ANGELES 90059 CA 20070501 20370401 ARMS No 360 360 360 438,750.00 438,750.00 First Lien 0 438,750.00 0.00 - 585,000.00 75.00 75.00 No MI NO MI 0 7.170 0.375 0.0325 0.000 0.4075 2503220817 STEAMBOAT SPRINGS 80487 CO 20070601 20370501 FIXED No 360 360 360 234,800.00 234,800.00 First Lien 0 234,800.00 0.00 293500 295000 80.00 80.00 No MI NO MI 0 7.6000 0.2500 0.0325 0.0000 0.2825 2503220825 SALINAS 93905 CA 20070501 20370401 ARMS No 360 360 360 467,000.00 467,000.00 First Lien 0 467,000.00 0.00 - 701,000.00 66.62 66.62 No MI NO MI 0 5.950 0.375 0.0325 0.000 0.4075 2503220831 EAST ORANGE 07017 NJ 20070601 20370501 ARMS No 360 360 360 332,500.00 332,500.00 First Lien 0 332,500.00 0.00 - 350,000.00 95.00 95.00 PMI LPMI 30 11.625 0.375 0.0325 1.610 2.0175 2503220836 STAMFORD 06902 CT 20070601 20370501 ARMS No 360 360 360 627,200.00 627,200.00 First Lien 0 783,200.00 156,000.00 784000 784000 80.00 99.90 No MI NO MI 0 8.2200 0.3750 0.0325 0.0000 0.4075 2503220837 SACRAMENTO 95842 CA 20070601 20370401 ARMS Yes 360 480 360 190,000.00 190,000.00 First Lien 0 190,000.00 0.00 - 280,000.00 67.86 67.86 No MI NO MI 0 6.100 0.375 0.0325 0.000 0.4075 2503220855 PALMDALE 93550 CA 20070601 20370501 ARMS No 360 360 360 240,000.00 240,000.00 First Lien 0 300,000.00 60,000.00 - 300,000.00 80.00 100.00 No MI NO MI 0 5.975 0.375 0.0325 0.000 0.4075 2503220858 PLEASANT GROVE 84062 UT 20070601 20370501 ARMS No 360 360 360 576,000.00 576,000.00 First Lien 0 659,000.00 83,000.00 - 720,000.00 80.00 91.53 No MI NO MI 0 7.990 0.375 0.0325 0.000 0.4075 2503220867 HAWTHORNE (INGLEWOOD AREA 90304 CA 20070601 20370501 ARMS No 360 360 360 350,000.00 350,000.00 First Lien 0 350,000.00 0.00 - 635,000.00 55.12 55.12 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 2503220901 FORT LAUDERDALE 33334 FL 20070601 20370501 ARMS No 360 360 360 273,950.00 273,950.00 First Lien 0 273,950.00 0.00 288400 322000 94.99 94.99 PMI BPMI 30 8.5900 0.3750 0.0325 0.0000 0.4075 2503220905 GREAT MEADOWS 07838 NJ 20070601 20370501 FIXED No 360 360 360 291,000.00 291,000.00 First Lien 0 291,000.00 0.00 - 365,000.00 79.73 79.73 No MI NO MI 0 7.150 0.250 0.0325 0.000 0.2825 2503220944 (TUJUNGA AREA) LOS ANGELE 91042 CA 20070601 20370501 FIXED No 360 360 360 300,000.00 300,000.00 First Lien 0 300,000.00 0.00 - 614,000.00 48.86 48.86 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503220946 SACRAMENTO 95831 CA 20070501 20370401 ARMS No 360 360 360 392,000.00 392,000.00 First Lien 0 392,000.00 0.00 - 490,000.00 80.00 80.00 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 2503220951 MOSES LAKE 98837 WA 20070601 20370501 ARMS No 360 360 360 123,500.00 123,500.00 First Lien 0 123,500.00 0.00 - 150,000.00 82.34 82.34 PMI LPMI 22 6.890 0.375 0.0325 0.650 1.0575 2503220990 MISSION HILLS 91345 CA 20070601 20370501 ARMS No 360 360 360 464,000.00 464,000.00 First Lien 0 464,000.00 0.00 - 635,000.00 73.08 73.08 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503221036 KIHEI 96753 HI 20070601 20370501 ARMS No 360 360 360 648,000.00 648,000.00 First Lien 0 648,000.00 0.00 - 810,000.00 80.00 80.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503221048 TAMPA 33610 FL 20070601 20370501 ARMS No 360 360 360 252,000.00 252,000.00 First Lien 0 252,000.00 0.00 280000 280000 90.00 90.00 PMI LPMI 25 11.3500 0.3750 0.0325 0.9900 1.3975 2503221054 LOXAHATCHEE 33470 FL 20070601 20370501 ARMS No 360 360 360 456,000.00 456,000.00 First Lien 0 456,000.00 0.00 480000 505000 95.00 95.00 PMI LPMI 30 8.9630 0.3750 0.0325 1.2200 1.6275 2503221069 SACRAMENTO 95822 CA 20070501 20370401 ARMS No 360 360 360 232,000.00 232,000.00 First Lien 0 232,000.00 0.00 - 290,000.00 80.00 80.00 No MI NO MI 0 8.990 0.375 0.0325 0.000 0.4075 2503221080 WATSONVILLE 95076 CA 20070601 20370501 ARMS No 360 360 360 500,000.00 500,000.00 First Lien 0 500,000.00 0.00 - 741,000.00 67.48 67.48 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503221087 MORGAN HILL 95037 CA 20070601 20370501 ARMS No 360 360 360 862,000.00 862,000.00 First Lien 0 862,000.00 0.00 - 1,150,000.00 74.96 74.96 No MI NO MI 0 7.282 0.375 0.0325 0.000 0.4075 2503221114 LYNWOOD 90262 CA 20070601 20370501 ARMS No 360 360 360 498,750.00 498,750.00 First Lien 0 498,750.00 0.00 525000 530000 95.00 95.00 PMI LPMI 30 8.2500 0.3750 0.0325 1.2200 1.6275 2503221131 PHOENIX 85035 AZ 20070601 20370501 ARMS No 360 360 360 213,300.00 213,300.00 First Lien 0 213,300.00 0.00 - 237,000.00 90.00 90.00 PMI LPMI 25 8.500 0.375 0.0325 1.290 1.6975 2503221149 (TEMPLE CITY AREA) EL MON 91780 CA 20070601 20370501 ARMS No 360 360 360 501,000.00 501,000.00 First Lien 0 501,000.00 0.00 - 750,000.00 66.80 66.80 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503221167 FONTANA 92335 CA 20070601 20370501 ARMS No 360 360 360 318,000.00 318,000.00 First Lien 0 368,000.00 50,000.00 - 375,000.00 84.80 98.14 PMI LPMI 22 6.990 0.375 0.0325 0.630 1.0375 2503221169 KAHULUI 96732 HI 20070501 20370401 ARMS No 360 360 360 481,600.00 481,600.00 First Lien 0 481,600.00 0.00 - 602,000.00 80.00 80.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503221190 KAILUA 96734 HI 20070601 20370501 FIXED No 360 360 360 750,000.00 750,000.00 First Lien 0 900,000.00 150,000.00 - 1,050,000.00 71.43 85.72 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503221204 FRESNO 93702 CA 20070601 20370501 ARMS No 360 360 360 145,000.00 145,000.00 First Lien 0 145,000.00 0.00 - 211,000.00 68.73 68.73 No MI NO MI 0 6.560 0.375 0.0325 0.000 0.4075 2503221216 JAMAICA 11436 NY 20070601 20370501 ARMS No 360 360 360 421,200.00 421,200.00 First Lien 0 421,200.00 0.00 526500 530000 80.00 80.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 2503221231 FRESNO 93720 CA 20070601 20370501 ARMS No 360 360 360 322,905.00 322,905.00 First Lien 0 322,905.00 0.00 339900 339900 95.00 95.00 PMI LPMI 30 8.2500 0.3750 0.0325 1.2800 1.6875 2503221234 PORTLAND 97236 OR 20070601 20370501 ARMS No 360 360 360 263,500.00 263,500.00 First Lien 0 263,500.00 0.00 - 330,000.00 79.85 79.85 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503221254 FRESNO 93727 CA 20070601 20370501 ARMS No 360 360 360 427,500.00 427,500.00 First Lien 0 427,500.00 0.00 450000 465000 95.00 95.00 PMI LPMI 30 8.3500 0.3750 0.0325 1.1600 1.5675 2503221272 JAMAICA 11433 NY 20070601 20370501 ARMS No 360 360 360 548,000.00 548,000.00 First Lien 0 548,000.00 0.00 685000 685000 80.00 80.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 2503221291 LOS ANGELES (SYLMAR AREA) 91342 CA 20070601 20370501 FIXED No 360 360 360 280,000.00 280,000.00 First Lien 0 280,000.00 0.00 - 485,000.00 57.74 57.74 No MI NO MI 0 6.625 0.250 0.0325 0.000 0.2825 2503221296 FRESNO 93702 CA 20070601 20370501 ARMS No 360 360 360 110,500.00 110,500.00 First Lien 0 110,500.00 0.00 130000 130000 85.00 85.00 PMI LPMI 22 11.2500 0.3750 0.0325 0.9400 1.3475 2503221302 WAIPAHU 96797 HI 20070601 20370501 FIXED No 360 360 360 385,000.00 385,000.00 First Lien 0 385,000.00 0.00 - 820,000.00 46.96 46.96 No MI NO MI 0 6.750 0.250 0.0325 0.000 0.2825 2503221339 CLAREMONT 91711 CA 20070601 20370501 FIXED No 360 360 360 85,000.00 85,000.00 First Lien 0 85,000.00 0.00 - 350,000.00 24.29 24.29 No MI NO MI 0 7.000 0.250 0.0325 0.000 0.2825 2503221344 ELGIN 60120 IL 20070601 20370501 ARMS No 360 360 360 251,750.00 251,750.00 First Lien 0 251,750.00 0.00 265000 265000 95.00 95.00 PMI LPMI 30 8.5000 0.3750 0.0325 0.8800 1.2875 2503221354 HARBOR CITY AREA 90710 CA 20070601 20370501 FIXED No 360 360 360 110,000.00 110,000.00 First Lien 0 110,000.00 0.00 - 685,000.00 16.06 16.06 No MI NO MI 0 7.125 0.250 0.0325 0.000 0.2825 2503221384 RANCHO CUCAMONGA 91737 CA 20070601 20370501 ARMS No 360 360 360 424,000.00 424,000.00 First Lien 0 424,000.00 0.00 - 530,000.00 80.00 80.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 2503221387 QUAIL VALLEY 92587 CA 20070601 20370501 FIXED No 360 360 360 371,440.00 371,440.00 First Lien 0 371,440.00 0.00 390990 390990 95.00 95.00 PMI LPMI 30 7.7870 0.2500 0.0325 0.7800 1.0625 2503221412 PLEASANT GROVE 84062 UT 20070601 20370501 ARMS No 360 360 360 480,000.00 480,000.00 First Lien 0 570,000.00 90,000.00 - 600,000.00 80.00 95.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 2503221414 GLENDALE 91208 CA 20070601 20370501 ARMS No 360 360 360 484,000.00 484,000.00 First Lien 0 484,000.00 0.00 605000 605000 80.00 80.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 2503221429 COTTONWOOD 86326 AZ 20070601 20370501 FIXED No 360 360 360 529,200.00 529,200.00 First Lien 0 560,000.00 30,800.00 560000 560000 94.50 100.00 PMI LPMI 30 8.1000 0.2500 0.0325 1.2300 1.5125 2503221453 BURBANK 91501 CA 20070601 20370501 ARMS No 360 360 360 460,000.00 460,000.00 First Lien 0 460,000.00 0.00 - 750,000.00 61.34 61.34 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503221468 DULUTH 30096 GA 20070601 20370501 ARMS No 360 360 360 136,800.00 136,800.00 First Lien 0 171,900.00 35,100.00 - 172,000.00 79.54 99.95 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 2503221489 SCHENECTADY 12304 NY 20070601 20370501 ARMS No 360 360 360 94,525.00 94,525.00 First Lien 0 94,525.00 0.00 99500 99500 95.00 95.00 PMI BPMI 30 8.2500 0.3750 0.0325 0.0000 0.4075 2503221498 LOS ANGELES 90018 CA 20070601 20370401 FIXED Yes 360 480 360 405,000.00 405,000.00 First Lien 0 405,000.00 0.00 - 565,000.00 71.69 71.69 No MI NO MI 0 6.900 0.250 0.0325 0.000 0.2825 2503221504 SUN CITY (AREA) 92586 CA 20070601 20370501 FIXED No 360 360 360 248,000.00 248,000.00 First Lien 0 248,000.00 0.00 - 312,000.00 79.49 79.49 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 2503221532 CLINTON 20735 MD 20070601 20370501 FIXED No 360 360 360 356,250.00 356,250.00 First Lien 0 356,250.00 0.00 - 375,000.00 95.00 95.00 PMI LPMI 30 7.990 0.250 0.0325 0.480 0.7625 2503221560 PHOENIX 85022 AZ 20070601 20370501 ARMS No 360 360 360 233,750.00 233,750.00 First Lien 0 233,750.00 0.00 275000 275000 85.00 85.00 PMI LPMI 22 8.5000 0.3750 0.0325 0.7400 1.1475 2503221565 TUCSON 85757 AZ 20070601 20370501 FIXED No 360 360 360 125,000.00 125,000.00 First Lien 0 125,000.00 0.00 - 222,000.00 56.31 56.31 No MI NO MI 0 6.820 0.250 0.0325 0.000 0.2825 2503221568 TUCSON 85757 AZ 20070601 20370501 FIXED No 360 360 360 126,000.00 126,000.00 First Lien 0 126,000.00 0.00 - 222,000.00 56.76 56.76 No MI NO MI 0 6.820 0.250 0.0325 0.000 0.2825 2503221573 PHOENIX 85003 AZ 20070601 20370501 ARMS No 360 360 360 331,839.00 331,839.00 First Lien 0 414,798.00 82,959.00 414799 450000 80.00 100.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 2503221575 RIVERSIDE 92509 CA 20070601 20370501 FIXED No 360 360 360 393,000.00 393,000.00 First Lien 0 393,000.00 0.00 - 527,000.00 74.58 74.58 No MI NO MI 0 7.500 0.250 0.0325 0.000 0.2825 2503221611 FIREBAUGH 93622 CA 20070601 20370501 ARMS No 360 360 360 127,500.00 127,500.00 First Lien 0 183,900.00 56,400.00 - 255,000.00 50.00 72.12 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 2503221642 STOCKTON 95210 CA 20070601 20370501 FIXED No 360 360 360 375,250.00 375,250.00 First Lien 0 375,250.00 0.00 - 395,000.00 95.00 95.00 PMI LPMI 30 8.250 0.250 0.0325 0.630 0.9125 2503221677 LAYTON 84041 UT 20070601 20370501 ARMS No 360 360 360 346,000.00 346,000.00 First Lien 0 346,000.00 0.00 - 440,000.00 78.64 78.64 No MI NO MI 0 7.350 0.375 0.0325 0.000 0.4075 2503221680 TEMPE 85283 AZ 20070601 20370501 FIXED No 360 360 360 164,000.00 164,000.00 First Lien 0 164,000.00 0.00 - 223,000.00 73.55 73.55 No MI NO MI 0 7.000 0.250 0.0325 0.000 0.2825 2503221685 CONCORD 94521 CA 20070601 20370501 FIXED No 360 360 360 295,000.00 295,000.00 First Lien 0 295,000.00 0.00 - 560,000.00 52.68 52.68 No MI NO MI 0 6.875 0.250 0.0325 0.000 0.2825 2503221699 KENMORE 98028 WA 20070601 20370501 ARMS No 360 360 360 301,000.00 301,000.00 First Lien 0 301,000.00 0.00 - 430,000.00 70.00 70.00 No MI NO MI 0 5.950 0.375 0.0325 0.000 0.4075 2503221747 CLINTON 84015 UT 20070601 20370501 FIXED No 360 360 360 163,800.00 163,800.00 First Lien 0 163,800.00 0.00 182000 182000 90.00 90.00 PMI LPMI 25 7.5000 0.2500 0.0325 0.5200 0.8025 2503221776 PEBBLE BEACH 93953 CA 20070601 20370501 ARMS No 360 360 360 847,500.00 847,500.00 First Lien 0 847,500.00 0.00 1130000 1150000 75.00 75.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 2503221815 COMPTON AREA 90222 CA 20070601 20370501 ARMS No 360 360 360 197,000.00 197,000.00 First Lien 0 197,000.00 0.00 - 360,000.00 54.73 54.73 No MI NO MI 0 6.300 0.375 0.0325 0.000 0.4075 2503221874 AREA OF FONTANA 92335 CA 20070601 20370501 ARMS No 360 360 360 199,000.00 199,000.00 First Lien 0 199,000.00 0.00 - 410,000.00 48.54 48.54 No MI NO MI 0 5.950 0.375 0.0325 0.000 0.4075 2503221883 POMONA 91767 CA 20070601 20370501 ARMS No 360 360 360 297,200.00 297,200.00 First Lien 0 297,200.00 0.00 - 405,000.00 73.39 73.39 No MI NO MI 0 5.700 0.375 0.0325 0.000 0.4075 2503221898 LAS VEGAS 89156 NV 20070601 20370501 ARMS No 360 360 360 202,400.00 202,400.00 First Lien 0 202,400.00 0.00 253000 253000 80.00 80.00 No MI NO MI 0 7.5450 0.3750 0.0325 0.0000 0.4075 2503221899 KISSIMMEE 34746 FL 20070601 20370501 FIXED No 360 360 360 172,000.00 172,000.00 First Lien 0 193,285.00 21,285.00 215000 240000 80.00 89.90 No MI NO MI 0 7.0000 0.2500 0.0325 0.0000 0.2825 2503221911 WELLINGTON 33414 FL 20070601 20370501 ARMS No 360 360 360 600,000.00 600,000.00 First Lien 0 600,000.00 0.00 - 750,000.00 80.00 80.00 No MI NO MI 0 10.850 0.375 0.0325 0.000 0.4075 2503221940 SALINAS 93905 CA 20070601 20370501 FIXED No 360 360 360 290,000.00 290,000.00 First Lien 0 290,000.00 0.00 - 502,000.00 57.77 57.77 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503221942 SALINAS 93905 CA 20070601 20370501 FIXED No 360 360 360 285,000.00 285,000.00 First Lien 0 285,000.00 0.00 - 435,000.00 65.52 65.52 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503221944 SAINT ALBANS 11412 NY 20070601 20370501 FIXED No 360 360 360 376,000.00 376,000.00 First Lien 0 376,000.00 0.00 - 470,000.00 80.00 80.00 No MI NO MI 0 7.875 0.250 0.0325 0.000 0.2825 2503221952 SAN LEANDRO 94577 CA 20070601 20220501 FIXED No 180 180 180 291,000.00 291,000.00 First Lien 0 291,000.00 0.00 - 485,000.00 60.00 60.00 No MI NO MI 0 6.676 0.250 0.0325 0.000 0.2825 2503221956 PROVO 84601 UT 20070601 20370501 ARMS No 360 360 360 446,500.00 446,500.00 First Lien 0 446,500.00 0.00 470000 470000 95.00 95.00 PMI LPMI 30 8.2500 0.3750 0.0325 0.8300 1.2375 2503221959 CHINO 91710 CA 20070601 20370501 ARMS No 360 360 360 360,000.00 360,000.00 First Lien 0 360,000.00 0.00 - 600,000.00 60.00 60.00 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 2503222017 CHICAGO 60641 IL 20070601 20370501 FIXED No 360 360 360 345,000.00 345,000.00 First Lien 0 345,000.00 0.00 - 390,000.00 88.47 88.47 PMI LPMI 25 8.525 0.250 0.0325 1.090 1.3725 2503222029 CHICAGO 60636 IL 20070601 20370501 ARMS No 360 360 360 195,500.00 195,500.00 First Lien 0 195,500.00 0.00 230000 230000 85.00 85.00 PMI LPMI 22 10.8400 0.3750 0.0325 1.0000 1.4075 2503222044 HESPERIA 92345 CA 20070601 20370501 FIXED No 360 360 360 312,000.00 312,000.00 First Lien 0 312,000.00 0.00 390000 390000 80.00 80.00 No MI NO MI 0 6.5000 0.2500 0.0325 0.0000 0.2825 2503222056 TULARE 93274 CA 20070601 20370501 ARMS No 360 360 360 414,000.00 414,000.00 First Lien 0 414,000.00 0.00 460000 475000 90.00 90.00 PMI LPMI 25 6.3410 0.3750 0.0325 0.4600 0.8675 2503222067 BOTHELL 98011 WA 20070601 20220501 FIXED No 180 180 180 225,400.00 225,400.00 First Lien 0 225,400.00 0.00 - 322,000.00 70.00 70.00 No MI NO MI 0 6.550 0.250 0.0325 0.000 0.2825 2503222095 RICHMOND 23224 VA 20070601 20370501 ARMS No 360 360 360 103,500.00 103,500.00 First Lien 0 103,500.00 0.00 115000 122000 90.00 90.00 PMI LPMI 25 11.1000 0.3750 0.0325 1.4400 1.8475 2503222276 SAINT ALBANS 11412 NY 20070601 20370501 ARMS No 360 360 360 489,250.00 489,250.00 First Lien 0 489,250.00 0.00 515000 525000 95.00 95.00 PMI LPMI 30 9.1000 0.3750 0.0325 1.1600 1.5675 2503222398 CANOGA PARK 91303 CA 20070601 20370501 ARMS No 360 360 360 540,000.00 540,000.00 First Lien 0 540,000.00 0.00 - 675,000.00 80.00 80.00 No MI NO MI 0 7.850 0.375 0.0325 0.000 0.4075 2503222410 CLIFTON 07011 NJ 20070601 20370501 ARMS No 360 360 360 510,000.00 510,000.00 First Lien 0 510,000.00 0.00 600000 600000 85.00 85.00 PMI LPMI 22 9.7500 0.3750 0.0325 0.6900 1.0975 2503222421 SOUTH OZONE PARK 11420 NY 20070601 20370501 ARMS No 360 360 360 560,500.00 560,500.00 First Lien 0 560,500.00 0.00 590000 590000 95.00 95.00 PMI BPMI 30 8.0000 0.3750 0.0325 0.0000 0.4075 2503222426 CHICAGO 60628 IL 20070601 20370501 ARMS No 360 360 360 168,000.00 168,000.00 First Lien 0 168,000.00 0.00 - 210,000.00 80.00 80.00 No MI NO MI 0 8.500 0.375 0.0325 0.000 0.4075 2503222473 CHICAGO 60639 IL 20070601 20370501 ARMS No 360 360 360 301,500.00 301,500.00 First Lien 0 301,500.00 0.00 335000 335000 90.00 90.00 PMI LPMI 25 11.9900 0.3750 0.0325 1.4400 1.8475 2503222505 PHOENIX 85041 AZ 20070601 20370501 FIXED No 360 360 360 213,000.00 213,000.00 First Lien 0 213,000.00 0.00 - 274,000.00 77.74 77.74 No MI NO MI 0 6.500 0.250 0.0325 0.000 0.2825 2503222536 HENDERSON 89014 NV 20070601 20370401 ARMS Yes 360 480 360 283,500.00 283,500.00 First Lien 0 283,500.00 0.00 - 315,000.00 90.00 90.00 PMI BPMI 25 6.875 0.375 0.0325 0.000 0.4075 2503222572 ORLANDO 32839 FL 20070601 20370501 ARMS No 360 360 360 142,200.00 142,200.00 First Lien 0 142,200.00 0.00 158000 158000 90.00 90.00 PMI BPMI 25 9.9700 0.3750 0.0325 0.0000 0.4075 2503222577 ANAHEIM 92805 CA 20070601 20370501 ARMS No 360 360 360 438,500.00 438,500.00 First Lien 0 438,500.00 0.00 - 630,000.00 69.61 69.61 No MI NO MI 0 5.650 0.375 0.0325 0.000 0.4075 2503222705 SALINAS 93906 CA 20070601 20370501 ARMS No 360 360 360 534,750.00 534,750.00 First Lien 0 534,750.00 0.00 - 575,000.00 93.00 93.00 PMI LPMI 30 6.650 0.375 0.0325 0.990 1.3975 2503222714 PHOENIX 85008 AZ 20070601 20370501 ARMS No 360 360 360 179,910.00 179,910.00 First Lien 0 179,910.00 0.00 199900 203000 90.00 90.00 PMI LPMI 25 12.0000 0.3750 0.0325 1.6100 2.0175 2503222737 JOSHUA TREE 92252 CA 20070601 20370501 FIXED No 360 360 360 328,000.00 328,000.00 First Lien 0 328,000.00 0.00 - 410,000.00 80.00 80.00 No MI NO MI 0 7.125 0.250 0.0325 0.000 0.2825 2503222750 CARMEL 46032 IN 20070601 20370501 ARMS No 360 360 360 507,450.00 507,450.00 First Lien 0 597,000.00 89,550.00 597000 597000 85.00 100.00 PMI BPMI 22 10.0500 0.3750 0.0325 0.0000 0.4075 3903000039 HIALEAH 33015 FL 20050401 20350301 ARMS No 360 360 335 295,000.00 294,895.00 First Lien 0 295,000.00 0.00 295000 295000 100.00 100.00 PMI BPMI 35 6.3750 0.3750 0.0325 0.0000 0.4075 1103618137 LOOMIS 95650 CA 20061001 20360901 ARMS No 360 360 353 663,200.00 663,200.00 First Lien 0 746,100.00 82,900.00 829000 829000 80.00 90.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103642494 LYNDEN 98264 WA 20070101 20361201 ARMS No 360 360 356 221,000.00 221,000.00 First Lien 0 274,000.00 53,000.00 - 277,000.00 79.79 98.92 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 1103643476 WARREN 05674 VT 20070401 20370301 ARMS No 360 360 359 281,250.00 280,787.58 First Lien 0 315,000.00 33,750.00 - 375,000.00 75.00 84.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103646168 VALLEJO 94589 CA 20070301 20370201 ARMS No 360 360 358 300,000.00 300,000.00 First Lien 0 337,500.00 37,500.00 375000 375000 80.00 90.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103646798 ORLANDO 11926 FL 20070301 20370201 ARMS No 360 360 358 240,300.00 240,069.95 First Lien 0 240,300.00 0.00 - 267,000.00 90.00 90.00 LPMI LPMI 25 11.550 0.375 0.0325 1.960 2.3675 1103651163 MONTEBELLO 90640 CA 20070601 20370501 ARMS No 360 360 360 460,000.00 460,000.00 First Lien 0 460,000.00 0.00 575000 575000 80.00 80.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103655024 COLLEYVILLE 76034 TX 20070401 20370301 ARMS No 360 360 359 500,000.00 498,977.96 First Lien 0 500,000.00 0.00 875000 929000 57.15 57.15 No MI NO MI 0 5.8750 0.3750 0.0325 0.0000 0.4075 1103657475 SACRAMENTO 34934 CA 20070501 20370401 ARMS No 360 360 360 238,000.00 238,000.00 First Lien 0 272,000.00 34,000.00 - 340,000.00 70.00 80.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103658445 MIAMI 33183 FL 20070601 20370501 ARMS No 360 360 360 257,000.00 257,000.00 First Lien 0 257,000.00 0.00 - 405,000.00 63.46 63.46 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 1103658486 HONOLULU 35292 HI 20070601 20370501 ARMS No 360 360 360 432,350.00 432,350.00 First Lien 0 432,350.00 0.00 576500 577000 75.00 75.00 No MI NO MI 0 6.1250 0.3750 0.0325 0.0000 0.4075 1103659219 ATLANTIC BEACH 32233 FL 20070601 20370501 ARMS No 360 360 360 442,500.00 442,500.00 First Lien 0 442,500.00 0.00 - 590,000.00 75.00 75.00 No MI NO MI 0 6.700 0.375 0.0325 0.000 0.4075 1103659421 LOS ANGELES 90042 CA 20070501 20370401 ARMS No 360 360 360 500,000.00 500,000.00 First Lien 0 500,000.00 0.00 626000 689000 79.88 79.88 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 1103660532 RIVERSIDE 33732 CA 20070601 20370501 ARMS No 360 360 360 320,000.00 320,000.00 First Lien 0 440,000.00 120,000.00 - 465,000.00 68.82 94.63 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 1103660736 RODEO 94572 CA 20070501 20370401 ARMS No 360 360 360 497,500.00 497,500.00 First Lien 0 497,500.00 0.00 - 635,000.00 78.35 78.35 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 1103661798 PORT SAINT LUCIE 34953 FL 20070301 20370201 ARMS No 360 360 358 208,000.00 208,000.00 First Lien 0 247,000.00 39,000.00 - 260,000.00 80.00 95.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103661802 BROOKLYN 40588 NY 20070401 20370301 ARMS No 360 360 359 975,000.00 975,000.00 First Lien 0 1,170,000.00 195,000.00 1300000 1300000 75.00 90.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103661805 MIAMI LAKES 33016 FL 20070201 20370101 ARMS No 360 360 357 1,000,000.00 1,000,000.00 First Lien 0 1,300,000.00 300,000.00 1300000 1355000 76.93 100.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103661817 SAVANNAH 11428 GA 20070301 20370201 ARMS No 360 360 358 52,000.00 51,824.59 First Lien 0 52,000.00 0.00 - 65,000.00 80.00 80.00 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103661824 KANSAS CITY 23406 MO 20070401 20370301 ARMS No 360 360 359 76,400.00 76,233.76 First Lien 0 87,038.00 10,638.00 - 97,000.00 78.77 89.73 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 1103661840 PORTSMOUTH 45114 VA 20070501 20370401 ARMS No 360 360 360 108,800.00 108,800.00 First Lien 0 108,800.00 0.00 136000 146000 80.00 80.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103661871 HAZEL CREST 22035 IL 20070401 20370301 ARMS No 360 360 359 132,000.00 132,000.00 First Lien 0 132,000.00 0.00 - 170,000.00 77.65 77.65 No MI NO MI 0 8.250 0.375 0.0325 0.000 0.4075 1103661875 CRYSTAL RIVER 12537 FL 20070201 20370101 ARMS No 360 360 357 159,020.00 159,020.00 First Lien 0 198,775.00 39,755.00 198775 300000 80.00 100.00 No MI NO MI 0 8.0000 0.3750 0.0325 0.0000 0.4075 1103661876 EAGLE CREEK 97022 OR 20070401 20370301 ARMS No 360 360 359 159,500.00 159,169.50 First Lien 0 159,500.00 0.00 199375 240000 80.00 80.00 No MI NO MI 0 7.8750 0.3750 0.0325 0.0000 0.4075 1103661889 GOODYEAR 85338 AZ 20070401 20370301 ARMS No 360 360 359 175,300.00 175,300.00 First Lien 0 219,125.00 43,825.00 219171 260000 79.99 99.98 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103661896 WATERBURY 38908 CT 20070401 20370301 ARMS No 360 360 359 184,000.00 183,628.80 First Lien 0 207,000.00 23,000.00 - 230,000.00 80.00 90.00 No MI NO MI 0 8.000 0.375 0.0325 0.000 0.4075 1103661906 SAVANNAH 11414 GA 20070301 20370201 ARMS No 360 360 358 195,000.00 194,308.30 First Lien 0 195,000.00 0.00 - 260,000.00 75.00 75.00 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 1103661920 DECATUR 30030 GA 20070401 20370301 ARMS No 360 360 359 238,000.00 238,000.00 First Lien 0 323,000.00 85,000.00 340000 349000 70.00 95.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103661934 SPRINGFIELD GARDENS 40646 NY 20070301 20370201 ARMS No 360 360 358 260,000.00 259,123.10 First Lien 0 260,000.00 0.00 325000 365000 80.00 80.00 No MI NO MI 0 8.0000 0.3750 0.0325 0.0000 0.4075 1103661957 SCHAUMBURG 60194 IL 20070401 20370301 ARMS No 360 360 359 312,000.00 311,416.90 First Lien 0 312,000.00 0.00 - 390,000.00 80.00 80.00 No MI NO MI 0 8.375 0.375 0.0325 0.000 0.4075 1103661973 SAN MARCOS 92069 CA 20070201 20370101 ARMS No 360 360 357 380,000.00 380,000.00 First Lien 0 380,000.00 0.00 - 485,000.00 78.36 78.36 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 1103661977 MIAMI 12084 FL 20070401 20370301 ARMS No 360 360 359 388,000.00 388,000.00 First Lien 0 460,750.00 72,750.00 485000 515000 80.00 95.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103661983 HALLANDALE BEACH 33009 FL 20070401 20370301 ARMS No 360 360 359 397,600.00 397,600.00 First Lien 0 497,000.00 99,400.00 497000 500000 80.00 100.00 No MI NO MI 0 8.1250 0.3750 0.0325 0.0000 0.4075 1103662022 HALLANDALE 33009 FL 20070401 20370301 ARMS No 360 360 359 678,750.00 678,750.00 First Lien 0 859,750.00 181,000.00 905000 905000 75.00 95.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103662031 PHOENIX 85086 AZ 20070401 20370301 ARMS No 360 360 359 880,000.00 880,000.00 First Lien 0 880,000.00 0.00 - 1,100,000.00 80.00 80.00 No MI NO MI 0 8.250 0.375 0.0325 0.000 0.4075 1103662266 TACOMA 35889 WA 20070501 20370401 ARMS No 360 360 360 193,507.00 193,507.00 First Lien 0 193,507.00 0.00 - 341,523.00 56.66 56.66 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103662474 PLEASANTON 94588 CA 20070601 20370501 ARMS No 360 360 360 417,500.00 417,500.00 First Lien 0 417,500.00 0.00 - 650,000.00 64.24 64.24 No MI NO MI 0 5.990 0.375 0.0325 0.000 0.4075 1103662651 SAN JOSE 34724 CA 20070601 20370501 ARMS No 360 360 360 606,000.00 606,000.00 First Lien 0 606,000.00 0.00 - 810,000.00 74.82 74.82 No MI NO MI 0 5.875 0.375 0.0325 0.000 0.4075 1103662695 TAMPA 12217 FL 20070601 20370501 ARMS No 360 360 360 100,500.00 100,500.00 First Lien 0 100,500.00 0.00 - 134,000.00 75.00 75.00 No MI NO MI 0 8.500 0.375 0.0325 0.000 0.4075 1103662792 ADELANTO 33664 CA 20070601 20370501 ARMS No 360 360 360 240,500.00 240,500.00 First Lien 0 253,400.00 12,900.00 - 370,000.00 65.00 68.49 No MI NO MI 0 8.500 0.375 0.0325 0.000 0.4075 1103662825 MIAMI 33142 FL 20070601 20370501 ARMS No 360 360 360 168,750.00 168,750.00 First Lien 0 168,750.00 0.00 - 250,000.00 67.50 67.50 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103663149 MIAMI 33179 FL 20070601 20370401 ARMS Yes 360 480 360 306,000.00 306,000.00 First Lien 0 306,000.00 0.00 - 340,000.00 90.00 90.00 LPMI LPMI 25 7.750 0.375 0.0325 0.790 1.1975 1103663310 LOS ANGELES 33395 CA 20070601 20370501 ARMS No 360 360 360 444,000.00 444,000.00 First Lien 0 444,000.00 0.00 - 555,000.00 80.00 80.00 No MI NO MI 0 8.375 0.375 0.0325 0.000 0.4075 1103663444 MIAMI BEACH 33139 FL 20070401 20370301 ARMS No 360 360 359 450,850.00 450,540.79 First Lien 0 450,850.00 0.00 474628 530000 95.00 95.00 LPMI LPMI 30 11.2000 0.3750 0.0325 2.4300 2.8375 1103663486 MIAMI 33156 FL 20070601 20370501 ARMS No 360 360 360 492,000.00 492,000.00 First Lien 0 492,000.00 0.00 615000 615000 80.00 80.00 No MI NO MI 0 8.7500 0.3750 0.0325 0.0000 0.4075 1103663552 UNICORPORATED AREA OF POM 91766 CA 20070501 20370401 ARMS No 360 360 360 302,250.00 302,250.00 First Lien 0 395,250.00 93,000.00 - 465,000.00 65.00 85.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 1103663555 PAIA 96779 HI 20070501 20370401 ARMS No 360 360 360 476,000.00 476,000.00 First Lien 0 476,000.00 0.00 - 595,000.00 80.00 80.00 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103663583 FRESNO 34152 CA 20070401 20370301 ARMS No 360 360 359 272,000.00 272,000.00 First Lien 0 323,000.00 51,000.00 - 340,000.00 80.00 95.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103663739 BOWIE 44032 MD 20070601 20370501 ARMS No 360 360 360 546,250.00 546,250.00 First Lien 0 546,250.00 0.00 575000 580000 95.00 95.00 LPMI LPMI 30 8.6250 0.3750 0.0325 0.8600 1.2675 1103663827 OAK CREEK 80467 CO 20070601 20370501 ARMS No 360 360 360 556,000.00 556,000.00 First Lien 0 556,000.00 0.00 695000 696000 80.00 80.00 No MI NO MI 0 8.3750 0.3750 0.0325 0.0000 0.4075 1103663993 REHOBOTH 02769 MA 20070601 20370501 ARMS No 360 360 360 241,500.00 241,500.00 First Lien 0 241,500.00 0.00 - 345,000.00 70.00 70.00 No MI NO MI 0 8.875 0.375 0.0325 0.000 0.4075 1103664208 HAYMARKET 20169 VA 20070501 20370401 ARMS No 360 360 360 920,000.00 919,350.68 First Lien 0 1,092,500.00 172,500.00 1150000 1175000 80.00 95.00 No MI NO MI 0 7.7500 0.3750 0.0325 0.0000 0.4075 1103664215 WEST FRIENDSHIP 21794 MD 20070601 20370501 ARMS No 360 360 360 920,000.00 920,000.00 First Lien 0 920,000.00 0.00 - 1,200,000.00 76.67 76.67 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103664217 POTOMAC 20854 MD 20070601 20370501 ARMS No 360 360 360 400,000.00 400,000.00 First Lien 0 400,000.00 0.00 - 510,000.00 78.44 78.44 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103664235 CAPE CORAL 33993 FL 20070501 20370401 ARMS Yes 360 480 360 280,000.00 279,930.67 First Lien 0 280,000.00 0.00 280000 285000 100.00 100.00 LPMI LPMI 35 8.5000 0.3750 0.0325 1.3500 1.7575 1103664238 PEMBROKE PINES 33025 FL 20070501 20370401 ARMS Yes 360 480 360 318,000.00 317,913.29 First Lien 0 318,000.00 0.00 318000 320000 100.00 100.00 LPMI LPMI 35 8.1700 0.3750 0.0325 1.5600 1.9675 1103664243 HUDSON 34669 FL 20070501 20370401 ARMS Yes 360 480 360 155,000.00 154,948.74 First Lien 0 155,000.00 0.00 155000 162000 100.00 100.00 PMI BPMI 35 7.5000 0.3750 0.0325 0.0000 0.4075 1103664269 SPRINGFIELD 36899 MA 20070501 20370401 ARMS Yes 360 480 360 163,750.00 163,675.78 First Lien 0 163,750.00 0.00 163750 164000 100.00 100.00 PMI BPMI 35 6.3750 0.3750 0.0325 0.0000 0.4075 1103664273 FORT LAUDERDALE 12138 FL 20070601 20370401 ARMS Yes 360 480 360 287,127.00 287,127.00 First Lien 0 287,127.00 0.00 287127 290000 100.00 100.00 PMI BPMI 35 8.0000 0.3750 0.0325 0.0000 0.4075 1103664287 GLEN BURNIE 21061 MD 20070501 20370401 ARMS Yes 360 480 360 236,000.00 235,929.91 First Lien 0 236,000.00 0.00 - 236,000.00 100.00 100.00 PMI BPMI 35 7.875 0.375 0.0325 0.000 0.4075 1103664294 MIAMI 33162 FL 20070501 20370401 ARMS Yes 360 480 360 410,000.00 409,905.68 First Lien 0 410,000.00 0.00 410000 410000 100.00 100.00 LPMI LPMI 35 8.7500 0.3750 0.0325 0.9600 1.3675 1103664306 FAIRBURN 11002 GA 20070501 20370401 ARMS Yes 360 480 360 245,000.00 244,945.69 First Lien 0 245,000.00 0.00 245000 250000 100.00 100.00 LPMI LPMI 35 8.8750 0.3750 0.0325 1.5600 1.9675 1103664309 COCONUT CREEK 33073 FL 20070501 20370401 ARMS No 360 360 360 279,900.00 279,900.00 First Lien 0 279,900.00 0.00 279900 279900 100.00 100.00 PMI BPMI 35 7.8750 0.3750 0.0325 0.0000 0.4075 1103664315 FORT LAUDERDALE 12125 FL 20070501 20370401 ARMS No 360 360 360 450,000.00 450,000.00 First Lien 0 450,000.00 0.00 450000 460000 100.00 100.00 LPMI LPMI 35 9.1250 0.3750 0.0325 1.6100 2.0175 1103664408 WINDERMERE 34786 FL 20070501 20370401 ARMS No 360 360 360 639,200.00 639,200.00 First Lien 0 759,050.00 119,850.00 799000 820000 80.00 95.00 No MI NO MI 0 7.2500 0.3750 0.0325 0.0000 0.4075 1103664409 MIAMI 33147 FL 20070501 20370401 ARMS No 360 360 360 157,250.00 157,250.00 First Lien 0 157,250.00 0.00 - 185,000.00 85.00 85.00 LPMI LPMI 22 8.750 0.375 0.0325 0.650 1.0575 1103664410 ALTAMONTE SPRINGS 11884 FL 20070501 20370401 ARMS Yes 360 480 360 141,210.00 141,176.30 First Lien 0 141,210.00 0.00 156900 157000 90.00 90.00 LPMI LPMI 25 8.6250 0.3750 0.0325 0.9700 1.3775 1103664412 TAMPA 12207 FL 20070501 20370401 ARMS Yes 360 480 360 200,481.00 200,434.88 First Lien 0 200,481.00 0.00 235861 260000 85.00 85.00 LPMI LPMI 22 8.7500 0.3750 0.0325 0.9400 1.3475 1103664414 ORLANDO 11912 FL 20070501 20370401 ARMS No 360 360 360 178,505.00 178,505.00 First Lien 0 178,505.00 0.00 187900 195000 95.00 95.00 PMI BPMI 30 7.8750 0.3750 0.0325 0.0000 0.4075 1103664415 PUYALLUP 98375 WA 20070501 20370401 ARMS Yes 360 480 360 480,000.00 479,817.13 First Lien 0 480,000.00 0.00 - 650,000.00 73.85 73.85 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103664416 ORLANDO 32835 FL 20070501 20370401 ARMS No 360 360 360 495,000.00 495,000.00 First Lien 0 495,000.00 0.00 - 555,000.00 89.19 89.19 PMI BPMI 25 7.500 0.375 0.0325 0.000 0.4075 1103664418 MIAMI 33176 FL 20070501 20370401 ARMS Yes 360 480 360 128,000.00 127,957.67 First Lien 0 128,000.00 0.00 - 160,000.00 80.00 80.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 1103664420 PARRISH 12469 FL 20070401 20370401 ARMS Yes 360 480 359 320,400.00 320,215.83 First Lien 0 320,400.00 0.00 358500 430000 89.38 89.38 LPMI LPMI 25 8.0000 0.3750 0.0325 0.7200 1.1275 1103664425 KISSIMMEE 34759 FL 20070501 20370301 ARMS Yes 360 480 360 216,000.00 215,928.57 First Lien 0 216,000.00 0.00 270000 310000 80.00 80.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103664426 NORTH LAUDERDALE 33068 FL 20070601 20370401 ARMS Yes 360 480 360 180,500.00 180,500.00 First Lien 0 180,500.00 0.00 - 190,000.00 95.00 95.00 LPMI LPMI 30 8.000 0.375 0.0325 0.690 1.0975 1103664427 TAMPA 12209 FL 20070501 20370401 ARMS Yes 360 480 360 109,600.00 109,561.09 First Lien 0 109,600.00 0.00 - 137,000.00 80.00 80.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103664428 POMPANO BEACH 33064 FL 20070501 20370401 ARMS No 360 360 360 284,000.00 283,783.90 First Lien 0 284,000.00 0.00 - 355,000.00 80.00 80.00 No MI NO MI 0 7.375 0.375 0.0325 0.000 0.4075 1103664431 CENTERTON 26499 AR 20070501 20370401 ARMS No 360 360 360 239,760.00 239,603.17 First Lien 0 239,760.00 0.00 - 267,000.00 89.80 89.80 PMI BPMI 25 8.125 0.375 0.0325 0.000 0.4075 1103664432 NEW BRUNSWICK 39692 NJ 20070501 20370401 ARMS No 360 360 360 298,000.00 297,805.07 First Lien 0 298,000.00 0.00 - 381,000.00 78.22 78.22 No MI NO MI 0 8.125 0.375 0.0325 0.000 0.4075 1103664434 LEHIGH ACRES 33936 FL 20070501 20370401 ARMS No 360 360 360 246,810.00 246,660.48 First Lien 0 246,810.00 0.00 259800 280000 95.00 95.00 LPMI LPMI 30 8.5000 0.3750 0.0325 2.0800 2.4875 1103664435 MIAMI 12084 FL 20070501 20370401 ARMS No 360 360 360 640,000.00 640,000.00 First Lien 0 640,000.00 0.00 800000 805000 80.00 80.00 No MI NO MI 0 8.2500 0.3750 0.0325 0.0000 0.4075 1103664436 CORAL SPRINGS 33065 FL 20070501 20370401 ARMS Yes 360 480 360 156,000.00 155,953.67 First Lien 0 156,000.00 0.00 176000 191000 88.64 88.64 LPMI LPMI 25 7.8750 0.3750 0.0325 1.1200 1.5275 1103664437 SAINT PETERSBURG 12246 FL 20070501 20370401 ARMS No 360 360 360 140,000.00 139,910.73 First Lien 0 140,000.00 0.00 - 170,000.00 82.36 82.36 PMI BPMI 12 8.250 0.375 0.0325 0.000 0.4075 1103664438 HOLLYWOOD 33020 FL 20070501 20370401 ARMS No 360 360 360 499,900.00 499,900.00 First Lien 0 499,900.00 0.00 560000 580000 89.27 89.27 PMI BPMI 25 8.5000 0.3750 0.0325 0.0000 0.4075 1103664439 ORLANDO 11910 FL 20070501 20370401 ARMS Yes 360 480 360 87,660.00 87,628.87 First Lien 0 87,660.00 0.00 97900 98000 89.55 89.55 PMI BPMI 25 7.2500 0.3750 0.0325 0.0000 0.4075 1103664441 ORLANDO 11909 FL 20070501 20370401 ARMS No 360 360 360 112,000.00 111,918.94 First Lien 0 112,000.00 0.00 - 168,000.00 66.67 66.67 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 1103664442 ORLANDO 11909 FL 20070501 20370401 ARMS No 360 360 360 112,000.00 111,918.94 First Lien 0 112,000.00 0.00 - 169,000.00 66.28 66.28 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 1103664443 JACKSONVILLE 11736 FL 20070501 20370401 ARMS Yes 360 480 360 193,500.00 193,446.55 First Lien 0 193,500.00 0.00 - 215,000.00 90.00 90.00 LPMI LPMI 25 8.125 0.375 0.0325 1.220 1.6275 1103664444 ORLANDO 11913 FL 20070501 20370401 ARMS No 360 360 360 94,900.00 94,900.00 First Lien 0 94,900.00 0.00 99900 100000 95.00 95.00 PMI BPMI 30 7.7500 0.3750 0.0325 0.0000 0.4075 1103664445 ORLANDO 11922 FL 20070501 20370401 ARMS No 360 360 360 270,720.00 270,556.00 First Lien 0 270,720.00 0.00 338400 382000 80.00 80.00 No MI NO MI 0 8.5000 0.3750 0.0325 0.0000 0.4075 1103664446 ORLANDO 11919 FL 20070501 20370401 ARMS Yes 360 480 360 137,250.00 137,217.24 First Lien 0 137,250.00 0.00 152500 185000 90.00 90.00 LPMI LPMI 25 8.6250 0.3750 0.0325 0.9900 1.3975 1103664447 KISSIMMEE 34746 FL 20070501 20370401 ARMS No 360 360 360 338,310.00 338,310.00 First Lien 0 338,310.00 0.00 375901 376000 90.00 90.00 PMI BPMI 25 7.0000 0.3750 0.0325 0.0000 0.4075 1103664448 YORK NEW SALEM 17371 PA 20070501 20370401 ARMS No 360 360 360 127,600.00 127,500.46 First Lien 0 127,600.00 0.00 - 143,500.00 88.92 88.92 LPMI LPMI 25 7.250 0.375 0.0325 0.370 0.7775 1103664449 HIALEAH 33015 FL 20070501 20370401 ARMS Yes 360 480 360 304,000.00 303,899.46 First Lien 0 304,000.00 0.00 380000 385000 80.00 80.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 1103664450 LAUDERHILL 12126 FL 20070501 20370401 ARMS Yes 360 480 360 292,500.00 292,430.18 First Lien 0 292,500.00 0.00 325000 340000 90.00 90.00 LPMI LPMI 25 8.6250 0.3750 0.0325 0.8700 1.2775 1103664451 WINTER SPRINGS 11878 FL 20070501 20370401 ARMS Yes 360 480 360 396,000.00 395,859.40 First Lien 0 396,000.00 0.00 - 495,000.00 80.00 80.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103664458 LAKE MARY 32746 FL 20070601 20370501 ARMS No 360 360 360 148,500.00 148,500.00 First Lien 0 148,500.00 0.00 165000 175000 90.00 90.00 PMI BPMI 25 8.0000 0.3750 0.0325 0.0000 0.4075 1103664459 GROVELAND 34736 FL 20070501 20370401 ARMS No 360 360 360 875,000.00 875,000.00 First Lien 0 1,175,750.00 300,750.00 - 1,250,000.00 70.00 94.06 No MI NO MI 0 8.500 0.375 0.0325 0.000 0.4075 1103664462 FREDERICK 44380 MD 20070501 20370401 ARMS No 360 360 360 221,400.00 221,400.00 First Lien 0 221,400.00 0.00 - 246,000.00 90.00 90.00 LPMI LPMI 25 8.875 0.375 0.0325 1.170 1.5775 1103664463 VILLA RICA 30180 GA 20070501 20370401 ARMS No 360 360 360 187,981.00 187,981.00 First Lien 0 187,981.00 0.00 197875 202000 95.00 95.00 LPMI LPMI 30 9.1250 0.3750 0.0325 1.7100 2.1175 1103664464 CHICAGO 60647 IL 20070501 20370401 ARMS No 360 360 360 468,000.00 467,730.74 First Lien 0 468,000.00 0.00 520000 520000 90.00 90.00 LPMI LPMI 25 8.7500 0.3750 0.0325 0.6400 1.0475 1103664466 PENNSBURG 18073 PA 20070501 20370401 ARMS Yes 360 480 360 208,165.00 208,100.91 First Lien 0 208,165.00 0.00 244900 245000 85.00 85.00 LPMI LPMI 22 7.7500 0.3750 0.0325 0.3900 0.7975 1103664467 GLEN ELLYN 60137 IL 20070601 20370501 ARMS No 360 360 360 445,590.00 445,590.00 First Lien 0 445,590.00 0.00 495100 640000 90.00 90.00 PMI BPMI 25 7.0000 0.3750 0.0325 0.0000 0.4075 1103664470 CLINTON 20735 MD 20070501 20370401 ARMS Yes 360 480 360 499,500.00 499,346.22 First Lien 0 499,500.00 0.00 - 555,000.00 90.00 90.00 PMI BPMI 25 7.750 0.375 0.0325 0.000 0.4075 1103664473 ANNAPOLIS 44287 MD 20070501 20370401 ARMS No 360 360 360 594,700.00 594,700.00 First Lien 0 594,700.00 0.00 626000 650000 95.00 95.00 PMI BPMI 30 8.2500 0.3750 0.0325 0.0000 0.4075 1103664477 GLENN DALE 20769 MD 20070501 20370401 ARMS Yes 360 480 360 337,500.00 337,396.10 First Lien 0 337,500.00 0.00 - 375,000.00 90.00 90.00 LPMI LPMI 25 7.750 0.375 0.0325 0.770 1.1775 1103664480 ANAHEIM 33821 CA 20070501 20370401 ARMS No 360 360 360 580,000.00 580,000.00 First Lien 0 580,000.00 0.00 - 725,000.00 80.00 80.00 No MI NO MI 0 7.000 0.375 0.0325 0.000 0.4075 1103664481 PUNTA GORDA 33955 FL 20070501 20370401 ARMS No 360 360 360 65,000.00 64,952.95 First Lien 0 65,000.00 0.00 - 455,000.00 14.29 14.29 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 1103664484 VAIL 85641 AZ 20070501 20370401 ARMS Yes 360 480 360 230,062.00 229,991.17 First Lien 0 230,062.00 0.00 242171 243000 95.00 95.00 LPMI LPMI 30 7.7500 0.3750 0.0325 0.6200 1.0275 1103664485 MARANA 85653 AZ 20070501 20370401 ARMS Yes 360 480 360 246,188.00 246,137.33 First Lien 0 246,188.00 0.00 259146 260000 95.00 95.00 LPMI LPMI 30 9.1250 0.3750 0.0325 1.4500 1.8575 1103664488 NORTHFIELD 39503 NJ 20070501 20370401 ARMS Yes 360 480 360 279,200.00 279,100.87 First Lien 0 279,200.00 0.00 - 349,000.00 80.00 80.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103664490 SPARKS 89431 NV 20070501 20370401 ARMS Yes 360 480 360 152,000.00 151,946.03 First Lien 0 171,000.00 19,000.00 - 190,000.00 80.00 90.00 No MI NO MI 0 7.250 0.375 0.0325 0.000 0.4075 1103664491 RENO 32640 NV 20070501 20370401 ARMS No 360 360 360 176,000.00 176,000.00 First Lien 0 176,000.00 0.00 - 220,000.00 80.00 80.00 No MI NO MI 0 7.125 0.375 0.0325 0.000 0.4075 1103664690 SURPRISE 85379 AZ 20070601 20370501 ARMS No 360 360 360 304,000.00 304,000.00 First Lien 0 304,000.00 0.00 320000 320000 95.00 95.00 LPMI LPMI 30 7.7500 0.3750 0.0325 1.0100 1.4175 1103664824 RIVERSIDE 33731 CA 20070601 20370501 ARMS No 360 360 360 269,100.00 269,100.00 First Lien 0 269,100.00 0.00 299000 315000 90.00 90.00 LPMI LPMI 25 9.3750 0.3750 0.0325 0.6400 1.0475 1103664858 CITY OF INDIO 33637 CA 20070301 20370201 ARMS No 360 360 358 284,952.00 284,952.00 First Lien 0 356,190.00 71,238.00 356190 368000 80.00 100.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 1103664892 TAMPA 12218 FL 20070601 20370501 ARMS No 360 360 360 200,000.00 200,000.00 First Lien 0 200,000.00 0.00 - 252,000.00 79.37 79.37 No MI NO MI 0 8.875 0.375 0.0325 0.000 0.4075 1103664893 TAMPA 12218 FL 20070601 20370501 ARMS No 360 360 360 200,000.00 200,000.00 First Lien 0 200,000.00 0.00 - 252,000.00 79.37 79.37 No MI NO MI 0 8.875 0.375 0.0325 0.000 0.4075 1103664897 SPRING HILL 12577 FL 20070601 20370401 ARMS Yes 360 480 360 403,200.00 403,107.25 First Lien 0 403,200.00 0.00 - 448,000.00 90.00 90.00 LPMI LPMI 25 8.750 0.375 0.0325 1.020 1.4275 1103664903 HOMEWOOD 22036 IL 20070601 20370501 ARMS No 360 360 360 247,000.00 246,875.27 First Lien 0 247,000.00 0.00 - 260,000.00 95.00 95.00 LPMI LPMI 30 9.375 0.375 0.0325 1.610 2.0175 1103664904 CORAL SPRINGS 33065 FL 20070601 20370501 ARMS No 360 360 360 128,000.00 128,000.00 First Lien 0 128,000.00 0.00 - 160,000.00 80.00 80.00 No MI NO MI 0 8.625 0.375 0.0325 0.000 0.4075 1103665020 SANTA ANA 33790 CA 20070601 20370501 ARMS No 360 360 360 256,500.00 256,500.00 First Lien 0 256,500.00 0.00 270000 300000 95.00 95.00 LPMI LPMI 30 9.8750 0.3750 0.0325 0.9800 1.3875 1103665119 SAN BERNARDINO 33701 CA 20070401 20370301 ARMS No 360 360 359 300,000.00 300,000.00 First Lien 0 375,000.00 75,000.00 375000 375000 80.00 100.00 No MI NO MI 0 6.5000 0.3750 0.0325 0.0000 0.4075 1103665121 MORENO VALLEY 92551 CA 20070401 20370301 ARMS No 360 360 359 396,000.00 395,624.26 First Lien 0 495,000.00 99,000.00 - 495,000.00 80.00 100.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 1103665138 PARK CIY 84098 UT 20070401 20370301 ARMS No 360 360 359 426,400.00 426,400.00 First Lien 0 479,700.00 53,300.00 533000 535000 80.00 90.00 No MI NO MI 0 7.0000 0.3750 0.0325 0.0000 0.4075 1103665139 PARK CITY 84098 UT 20070201 20370101 ARMS No 360 360 357 324,000.00 324,000.00 First Lien 0 384,750.00 60,750.00 - 405,000.00 80.00 95.00 No MI NO MI 0 7.625 0.375 0.0325 0.000 0.4075 1103665146 BELLFLOWER 33060 CA 20070301 20370201 ARMS No 360 360 358 468,000.00 467,606.82 First Lien 0 585,000.00 117,000.00 585000 585000 80.00 100.00 No MI NO MI 0 6.8750 0.3750 0.0325 0.0000 0.4075 1103665338 TULARE 93274 CA 20070601 20370501 ARMS No 360 360 360 137,750.00 137,750.00 First Lien 0 137,750.00 0.00 145000 145000 95.00 95.00 PMI BPMI 30 10.3750 0.3750 0.0325 0.0000 0.4075 1103665406 JACKSONVILLE 11735 FL 20070601 20370501 ARMS No 360 360 360 108,900.00 108,850.53 First Lien 0 108,900.00 0.00 121000 125000 90.00 90.00 LPMI LPMI 25 9.8750 0.3750 0.0325 0.5900 0.9975 2503214663 BRADENTON 12452 FL 20070601 20370501 ARMS No 360 360 360 446,000.00 446,000.00 First Lien 0 574,212.00 128,212.00 - 655,000.00 68.10 87.67 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503214703 DETROIT 17568 MI 20070601 20370501 ARMS No 360 360 360 103,500.00 103,500.00 First Lien 0 103,500.00 0.00 115000 115000 90.00 90.00 LPMI LPMI 25 10.2250 0.3750 0.0325 0.6700 1.0775 2503215275 MENIFEE AREA 92584 CA 20070601 20370501 ARMS No 360 360 360 367,500.00 367,500.00 First Lien 0 472,500.00 105,000.00 - 525,000.00 70.00 90.00 No MI NO MI 0 5.750 0.375 0.0325 0.000 0.4075 2503215904 KISSIMMEE 34746 FL 20070701 20370601 ARMS No 360 360 360 313,550.00 313,550.00 First Lien 0 313,550.00 0.00 391990 395000 79.99 79.99 No MI NO MI 0 8.9900 0.3750 0.0325 0.0000 0.4075 2503216874 SAN DIEGO 33620 CA 20070601 20370501 ARMS No 360 360 360 220,000.00 220,000.00 First Lien 0 275,000.00 55,000.00 - 275,000.00 80.00 100.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503217430 CARLSBAD 92008 CA 20070601 20370501 ARMS No 360 360 360 342,000.00 342,000.00 First Lien 0 542,000.00 200,000.00 - 654,000.00 52.30 82.88 No MI NO MI 0 5.500 0.375 0.0325 0.000 0.4075 2503217555 BAKERSFIELD 34039 CA 20070501 20370401 ARMS No 360 360 360 170,000.00 170,000.00 First Lien 0 170,000.00 0.00 - 290,000.00 58.63 58.63 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503218745 LAS VEGAS 32526 NV 20070601 20370501 ARMS No 360 360 360 190,350.00 190,350.00 First Lien 0 190,350.00 0.00 237990 251000 79.99 79.99 No MI NO MI 0 6.1800 0.3750 0.0325 0.0000 0.4075 2503218746 ORLANDO 11923 FL 20070601 20370501 ARMS No 360 360 360 185,200.00 185,200.00 First Lien 0 219,700.00 34,500.00 - 231,500.00 80.00 94.91 No MI NO MI 0 6.560 0.375 0.0325 0.000 0.4075 2503219035 DENVER 29274 CO 20070601 20370501 ARMS No 360 360 360 112,000.00 112,000.00 First Lien 0 112,000.00 0.00 - 253,000.00 44.27 44.27 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503219105 CORONA 92879 CA 20070601 20370501 ARMS No 360 360 360 444,000.00 444,000.00 First Lien 0 444,000.00 0.00 - 555,000.00 80.00 80.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503219136 SUNRISE 12136 FL 20070601 20370501 ARMS No 360 360 360 264,000.00 264,000.00 First Lien 0 264,000.00 0.00 - 330,000.00 80.00 80.00 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 2503219467 KISSIMMEE 34741 FL 20070601 20370501 ARMS No 360 360 360 281,250.00 281,250.00 First Lien 0 281,250.00 0.00 - 398,000.00 70.67 70.67 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 2503219561 CARLSBAD 92009 CA 20070601 20370501 ARMS No 360 360 360 279,000.00 279,000.00 First Lien 0 279,000.00 0.00 - 456,000.00 61.19 61.19 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503219758 DENVER 29275 CO 20070601 20370501 ARMS No 360 360 360 120,500.00 120,500.00 First Lien 0 120,500.00 0.00 - 154,000.00 78.25 78.25 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503219991 OVIEDO 32765 FL 20070701 20370601 ARMS No 360 360 360 227,400.00 227,400.00 First Lien 0 227,400.00 0.00 239400 263400 94.99 94.99 Radian Guaranty BPMI 30 10.0000 0.3750 0.0325 0.0000 0.4075 2503219998 LOS ANGELES AREA 90022 CA 20070601 20370501 ARMS No 360 360 360 397,500.00 397,500.00 First Lien 0 397,500.00 0.00 - 530,000.00 75.00 75.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 2503220195 BROOKLYN 40587 NY 20070601 20370501 ARMS No 360 360 360 596,000.00 596,000.00 First Lien 0 745,000.00 149,000.00 745000 765000 80.00 100.00 No MI NO MI 0 7.3750 0.3750 0.0325 0.0000 0.4075 2503220202 CHICAGO 22086 IL 20070701 20370601 ARMS No 360 360 360 98,100.00 98,100.00 First Lien 0 98,100.00 0.00 109000 109000 90.00 90.00 LPMI LPMI 25 10.6000 0.3750 0.0325 0.8200 1.2275 2503220475 BLOOMINGTON 55437 MN 20070601 20370501 ARMS No 360 360 360 137,000.00 137,000.00 First Lien 0 172,000.00 35,000.00 - 185,000.00 74.06 92.98 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 2503220490 HIGLEY 85236 AZ 20070601 20370501 ARMS No 360 360 360 159,000.00 159,000.00 First Lien 0 159,000.00 0.00 - 350,000.00 45.43 45.43 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503220495 SAN JOSE 95148 CA 20070601 20370501 ARMS No 360 360 360 425,500.00 425,500.00 First Lien 0 544,696.00 119,196.00 - 785,000.00 54.21 69.39 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503220534 JUPITER 33458 FL 20070601 20370501 ARMS No 360 360 360 162,000.00 162,000.00 First Lien 0 162,000.00 0.00 - 291,000.00 55.68 55.68 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503220545 JUPITER 33458 FL 20070601 20370501 ARMS No 360 360 360 169,650.00 169,650.00 First Lien 0 169,650.00 0.00 - 260,000.00 65.25 65.25 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503220773 BROOKLYN 40595 NY 20070601 20370501 ARMS No 360 360 360 540,000.00 540,000.00 First Lien 0 540,000.00 0.00 - 675,000.00 80.00 80.00 No MI NO MI 0 8.720 0.375 0.0325 0.000 0.4075 2503220885 PALM SPRINGS 33461 FL 20070701 20370601 ARMS No 360 360 360 185,400.00 185,400.00 First Lien 0 185,400.00 0.00 206000 206000 90.00 90.00 LPMI LPMI 25 11.5000 0.3750 0.0325 1.4400 1.8475 2503220903 WEST SACRAMENTO 95691 CA 20070601 20370501 ARMS No 360 360 360 343,000.00 343,000.00 First Lien 0 441,000.00 98,000.00 - 490,000.00 70.00 90.00 No MI NO MI 0 6.850 0.375 0.0325 0.000 0.4075 2503221019 LEHIGH ACRES 33971 FL 20070601 20370501 ARMS No 360 360 360 232,500.00 232,500.00 First Lien 0 294,500.00 62,000.00 - 310,000.00 75.00 95.00 No MI NO MI 0 8.250 0.375 0.0325 0.000 0.4075 2503221022 SACRAMENTO 95842 CA 20070601 20370501 ARMS No 360 360 360 330,000.00 330,000.00 First Lien 0 330,000.00 0.00 - 330,000.00 100.00 100.00 LPMI LPMI 35 6.750 0.375 0.0325 0.640 1.0475 2503221039 OSSINING 10562 NY 20070601 20370501 ARMS No 360 360 360 406,000.00 406,000.00 First Lien 0 406,000.00 0.00 - 580,000.00 70.00 70.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503221100 LOS ANGELES 90016 CA 20070601 20370501 ARMS No 360 360 360 586,500.00 586,500.00 First Lien 0 586,500.00 0.00 - 690,000.00 85.00 85.00 LPMI LPMI 22 6.890 0.375 0.0325 0.390 0.7975 2503221230 INGLEWOOD 32933 CA 20070601 20370501 ARMS No 360 360 360 300,000.00 300,000.00 First Lien 0 300,000.00 0.00 - 520,000.00 57.70 57.70 No MI NO MI 0 6.000 0.375 0.0325 0.000 0.4075 2503221374 LEHIGH ACRES 33936 FL 20070601 20370501 ARMS No 360 360 360 160,000.00 160,000.00 First Lien 0 160,000.00 0.00 - 231,000.00 69.27 69.27 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 2503221398 STOCKTON 34736 CA 20070601 20370501 ARMS No 360 360 360 323,000.00 323,000.00 First Lien 0 323,000.00 0.00 - 367,000.00 88.02 88.02 Radian Guaranty BPMI 25 7.990 0.375 0.0325 0.000 0.4075 2503221439 TAMPA 12207 FL 20070601 20370501 ARMS No 360 360 360 234,000.00 234,000.00 First Lien 0 234,000.00 0.00 - 335,000.00 69.86 69.86 No MI NO MI 0 7.350 0.375 0.0325 0.000 0.4075 2503221440 VICTORVILLE 92392 CA 20070601 20370501 ARMS No 360 360 360 280,800.00 280,800.00 First Lien 0 280,800.00 0.00 - 351,000.00 80.00 80.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 2503221519 BARTOW 12296 FL 20070601 20370501 ARMS No 360 360 360 107,000.00 107,000.00 First Lien 0 107,000.00 0.00 - 153,000.00 69.94 69.94 No MI NO MI 0 7.150 0.375 0.0325 0.000 0.4075 2503221582 VICTORVILLE 92392 CA 20070601 20370501 ARMS No 360 360 360 365,000.00 365,000.00 First Lien 0 365,000.00 0.00 - 413,000.00 88.38 88.38 LPMI LPMI 25 6.580 0.375 0.0325 0.660 1.0675 2503221638 AREA OF LUCERNE VALLEY 92356 CA 20070601 20370401 ARMS Yes 360 480 360 116,000.00 116,000.00 First Lien 0 145,000.00 29,000.00 145000 150000 80.00 100.00 No MI NO MI 0 7.8500 0.3750 0.0325 0.0000 0.4075 2503221639 FORT LAUDERDALE 12114 FL 20070601 20370401 ARMS Yes 360 480 360 360,905.00 360,905.00 First Lien 0 360,905.00 0.00 379900 400000 95.00 95.00 Radian Guaranty BPMI 30 9.7100 0.3750 0.0325 0.0000 0.4075 2503221660 PHOENIX 85016 AZ 20070601 20370501 ARMS No 360 360 360 752,500.00 752,500.00 First Lien 0 752,500.00 0.00 - 1,501,476.00 50.12 50.12 No MI NO MI 0 6.550 0.375 0.0325 0.000 0.4075 2503221734 CASTAIC 91384 CA 20070601 20370501 ARMS No 360 360 360 592,000.00 592,000.00 First Lien 0 592,000.00 0.00 - 630,000.00 93.97 93.97 LPMI LPMI 30 6.590 0.375 0.0325 0.820 1.2275 2503222011 LOS ANGELES 90018 CA 20070601 20370501 ARMS No 360 360 360 528,000.00 528,000.00 First Lien 0 528,000.00 0.00 - 660,000.00 80.00 80.00 No MI NO MI 0 7.500 0.375 0.0325 0.000 0.4075 2503222019 SOUTH JORDAN 84095 UT 20070601 20370501 ARMS No 360 360 360 457,600.00 457,600.00 First Lien 0 572,000.00 114,400.00 - 572,000.00 80.00 100.00 No MI NO MI 0 6.290 0.375 0.0325 0.000 0.4075 2503222030 TULARE 93274 CA 20070601 20370501 ARMS No 360 360 360 309,100.00 309,100.00 First Lien 0 309,100.00 0.00 - 503,000.00 61.46 61.46 No MI NO MI 0 6.990 0.375 0.0325 0.000 0.4075 2503222113 PLUMAS LAKE 95961 CA 20070601 20370501 ARMS No 360 360 360 324,000.00 324,000.00 First Lien 0 324,000.00 0.00 - 405,000.00 80.00 80.00 No MI NO MI 0 7.420 0.375 0.0325 0.000 0.4075 2503222136 RENTON 98056 WA 20070601 20370501 ARMS No 360 360 360 431,250.00 431,250.00 First Lien 0 431,250.00 0.00 - 575,000.00 75.00 75.00 No MI NO MI 0 6.375 0.375 0.0325 0.000 0.4075 2503222167 PICO RIVERA 90660 CA 20070601 20370501 ARMS No 360 360 360 434,400.00 434,400.00 First Lien 0 434,400.00 0.00 543900 543000 80.00 80.00 No MI NO MI 0 6.6000 0.3750 0.0325 0.0000 0.4075 2503222198 LOS ANGELES 90029 CA 20070601 20370501 ARMS No 360 360 360 450,000.00 450,000.00 First Lien 0 450,000.00 0.00 - 685,000.00 65.70 65.70 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 2503222214 SALINAS 34218 CA 20070601 20370501 ARMS No 360 360 360 340,000.00 340,000.00 First Lien 0 340,000.00 0.00 - 560,000.00 60.72 60.72 No MI NO MI 0 7.050 0.375 0.0325 0.000 0.4075 2503222225 STOCKTON 34742 CA 20070601 20370501 ARMS No 360 360 360 440,000.00 440,000.00 First Lien 0 550,000.00 110,000.00 550000 550000 80.00 100.00 No MI NO MI 0 8.8500 0.3750 0.0325 0.0000 0.4075 2503222244 LOS ANGELES 90002 CA 20070601 20370501 ARMS No 360 360 360 283,950.00 283,950.00 First Lien 0 283,950.00 0.00 315500 335000 90.00 90.00 LPMI LPMI 25 10.3750 0.3750 0.0325 0.9200 1.3275 2503222247 VAN NUYS 33333 CA 20070601 20370401 ARMS Yes 360 480 360 430,000.00 430,000.00 First Lien 0 430,000.00 0.00 - 570,000.00 75.44 75.44 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503222346 LOMBARD 60148 IL 20070601 20370401 ARMS Yes 360 480 360 196,000.00 196,000.00 First Lien 0 196,000.00 0.00 - 245,000.00 80.00 80.00 No MI NO MI 0 7.750 0.375 0.0325 0.000 0.4075 2503222413 EL PASO 79936 TX 20070601 20370501 ARMS No 360 360 360 124,269.00 124,269.00 First Lien 0 124,269.00 0.00 130810 132000 95.00 95.00 LPMI LPMI 30 9.9900 0.3750 0.0325 1.1200 1.5275 2503222431 LA PUENTE 91744 CA 20070601 20370501 ARMS No 360 360 360 134,000.00 134,000.00 First Lien 0 134,000.00 0.00 - 188,000.00 71.28 71.28 No MI NO MI 0 6.450 0.375 0.0325 0.000 0.4075 2503222514 MIAMI 33157 FL 20070601 20370501 ARMS No 360 360 360 316,000.00 316,000.00 First Lien 0 316,000.00 0.00 - 395,000.00 80.00 80.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503222544 LOS ANGELES 90061 CA 20070601 20370501 ARMS No 360 360 360 480,000.00 480,000.00 First Lien 0 576,000.00 96,000.00 640000 640000 75.00 90.00 No MI NO MI 0 7.1250 0.3750 0.0325 0.0000 0.4075 2503222561 SPANISH FORK 84660 UT 20070601 20370501 ARMS No 360 360 360 403,750.00 403,750.00 First Lien 0 403,750.00 0.00 - 475,000.00 85.00 85.00 LPMI LPMI 22 9.050 0.375 0.0325 0.690 1.0975 2503222626 ONTARIO 91764 CA 20070701 20370601 ARMS No 360 360 360 394,250.00 394,250.00 First Lien 0 394,250.00 0.00 - 415,000.00 95.00 95.00 LPMI LPMI 30 10.150 0.375 0.0325 0.870 1.2775 2503222675 WHITTIER 33029 CA 20070601 20370501 ARMS No 360 360 360 436,500.00 436,500.00 First Lien 0 485,000.00 48,500.00 485000 485000 90.00 100.00 LPMI LPMI 25 7.5000 0.3750 0.0325 0.8900 1.2975 2503222708 SAN JUAN BAUTISTA 95045 CA 20070601 20370501 ARMS No 360 360 360 260,000.00 260,000.00 First Lien 0 260,000.00 0.00 - 550,000.00 47.28 47.28 No MI NO MI 0 7.990 0.375 0.0325 0.000 0.4075 2503222752 MIAMI 33165 FL 20070701 20370601 ARMS No 360 360 360 381,600.00 381,600.00 First Lien 0 381,600.00 0.00 477000 480000 80.00 80.00 No MI NO MI 0 8.0250 0.3750 0.0325 0.0000 0.4075 2503222764 BROOKLYN 11236 NY 20070701 20370601 ARMS No 360 360 360 468,000.00 468,000.00 First Lien 0 468,000.00 0.00 - 585,000.00 80.00 80.00 No MI NO MI 0 8.250 0.375 0.0325 0.000 0.4075 2503222786 LOS ANGELES 90026 CA 20070601 20370501 ARMS No 360 360 360 620,000.00 620,000.00 First Lien 0 620,000.00 0.00 - 775,000.00 80.00 80.00 No MI NO MI 0 6.500 0.375 0.0325 0.000 0.4075 2503222813 LOS ANGELES 90016 CA 20070601 20370501 ARMS No 360 360 360 465,000.00 465,000.00 First Lien 0 465,000.00 0.00 - 620,000.00 75.00 75.00 No MI NO MI 0 6.700 0.375 0.0325 0.000 0.4075 2503222819 ATLANTA 11032 GA 20070601 20370501 ARMS No 360 360 360 218,700.00 218,700.00 First Lien 0 218,700.00 0.00 243000 243000 90.00 90.00 LPMI LPMI 25 10.8400 0.3750 0.0325 0.9200 1.3275 2503222841 SAN DIEGO 33619 CA 20070601 20370501 ARMS No 360 360 360 225,150.00 225,150.00 First Lien 0 225,150.00 0.00 237000 237000 95.00 95.00 LPMI LPMI 30 8.3750 0.3750 0.0325 1.2100 1.6175 2503222932 HANFORD 93230 CA 20070601 20370501 ARMS No 360 360 360 112,000.00 112,000.00 First Lien 0 112,000.00 0.00 - 178,000.00 62.93 62.93 No MI NO MI 0 6.125 0.375 0.0325 0.000 0.4075 2503222949 SACRAMENTO 95832 CA 20070601 20370501 ARMS No 360 360 360 228,000.00 228,000.00 First Lien 0 228,000.00 0.00 - 285,000.00 80.00 80.00 No MI NO MI 0 6.250 0.375 0.0325 0.000 0.4075 2503222982 CENTERTON 26499 AR 20070601 20370501 ARMS No 360 360 360 407,850.00 407,850.00 First Lien 0 407,850.00 0.00 453200 454000 90.00 90.00 LPMI LPMI 25 10.7500 0.3750 0.0325 0.6900 1.0975 2503222996 CENTERTON 26499 AR 20070601 20370501 ARMS No 360 360 360 400,500.00 400,500.00 First Lien 0 400,500.00 0.00 445000 445000 90.00 90.00 LPMI LPMI 25 10.7500 0.3750 0.0325 0.6900 1.0975 2503223013 FREMONT 94536 CA 20070601 20370501 ARMS No 360 360 360 425,000.00 425,000.00 First Lien 0 425,000.00 0.00 - 745,000.00 57.05 57.05 No MI NO MI 0 6.305 0.375 0.0325 0.000 0.4075 2503223027 GREENACRES 33463 FL 20070601 20370501 ARMS No 360 360 360 216,000.00 216,000.00 First Lien 0 270,000.00 54,000.00 270000 303000 80.00 100.00 No MI NO MI 0 8.0400 0.3750 0.0325 0.0000 0.4075 2503223104 EAST HARTFORD 38725 CT 20070601 20370501 ARMS No 360 360 360 103,500.00 103,500.00 First Lien 0 103,500.00 0.00 115000 134000 90.00 90.00 LPMI LPMI 25 10.8000 0.3750 0.0325 0.9400 1.3475 2503223117 NEW BEDFORD 02740 MA 20070601 20370501 ARMS No 360 360 360 292,500.00 292,500.00 First Lien 0 292,500.00 0.00 325000 325000 90.00 90.00 Radian Guaranty BPMI 25 9.6000 0.3750 0.0325 0.0000 0.4075 2503223127 GLENDALE 31107 AZ 20070701 20370601 ARMS No 360 360 360 173,600.00 173,600.00 First Lien 0 173,600.00 0.00 - 217,000.00 80.00 80.00 No MI NO MI 0 7.600 0.375 0.0325 0.000 0.4075 2503223128 LANCASTER 93534 CA 20070601 20370501 ARMS No 360 360 360 360,000.00 360,000.00 First Lien 0 360,000.00 0.00 - 450,000.00 80.00 80.00 No MI NO MI 0 7.200 0.375 0.0325 0.000 0.4075 2503223197 PERRIS 92571 CA 20070601 20370501 ARMS No 360 360 360 477,850.00 477,850.00 First Lien 0 477,850.00 0.00 - 503,000.00 95.00 95.00 Radian Guaranty BPMI 30 6.125 0.375 0.0325 0.000 0.4075 2503223270 PARAMOUNT 33077 CA 20070601 20370501 ARMS No 360 360 360 392,000.00 392,000.00 First Lien 0 392,000.00 0.00 - 490,000.00 80.00 80.00 No MI NO MI 0 6.625 0.375 0.0325 0.000 0.4075 2503223290 GLENDALE 33271 CA 20070601 20370501 ARMS No 360 360 360 750,000.00 750,000.00 First Lien 0 750,000.00 0.00 - 1,082,000.00 69.32 69.32 No MI NO MI 0 7.100 0.375 0.0325 0.000 0.4075 2503223402 APACHE JUNCTION 31097 AZ 20070601 20370501 ARMS No 360 360 360 206,500.00 206,500.00 First Lien 0 206,500.00 0.00 - 237,000.00 87.14 87.14 LPMI LPMI 25 8.450 0.375 0.0325 1.340 1.7475 2503223422 DEER PARK 40753 NY 20070701 20370601 ARMS No 360 360 360 403,750.00 403,750.00 First Lien 0 403,750.00 0.00 425000 440000 95.00 95.00 LPMI LPMI 30 8.9900 0.3750 0.0325 1.3600 1.7675 2503223427 SAN JOSE 34709 CA 20070601 20370501 ARMS No 360 360 360 576,000.00 576,000.00 First Lien 0 576,000.00 0.00 - 640,000.00 90.00 90.00 LPMI LPMI 25 7.700 0.375 0.0325 0.890 1.2975 2503223465 FAIRFIELD 94534 CA 20070601 20370501 ARMS No 360 360 360 380,000.00 380,000.00 First Lien 0 380,000.00 0.00 - 475,000.00 80.00 80.00 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503223532 SCOTTSDALE 85250 AZ 20070601 20370501 ARMS No 360 360 360 399,200.00 399,200.00 First Lien 0 499,000.00 99,800.00 499000 501000 80.00 100.00 No MI NO MI 0 8.3400 0.3750 0.0325 0.0000 0.4075 2503223553 YORBA LINDA 92887 CA 20070601 20370501 ARMS No 360 360 360 352,000.00 352,000.00 First Lien 0 352,000.00 0.00 - 440,000.00 80.00 80.00 No MI NO MI 0 6.525 0.375 0.0325 0.000 0.4075 2503223558 TREASURE ISLAND 12241 FL 20070601 20370501 ARMS No 360 360 360 212,500.00 212,500.00 First Lien 0 212,500.00 0.00 250000 280000 85.00 85.00 LPMI LPMI 22 8.7500 0.3750 0.0325 0.6200 1.0275 2503223569 TEMPE 85283 AZ 20070601 20370501 ARMS No 360 360 360 272,000.00 272,000.00 First Lien 0 272,000.00 0.00 - 340,000.00 80.00 80.00 No MI NO MI 0 7.100 0.375 0.0325 0.000 0.4075 2503223587 LOS ANGELES 90043 CA 20070601 20370501 ARMS No 360 360 360 417,000.00 417,000.00 First Lien 0 417,000.00 0.00 - 525,000.00 79.43 79.43 No MI NO MI 0 6.750 0.375 0.0325 0.000 0.4075 2503223720 WHITTIER 33025 CA 20070701 20370601 ARMS No 360 360 360 517,600.00 517,600.00 First Lien 0 517,600.00 0.00 647000 665000 80.00 80.00 No MI NO MI 0 7.5000 0.3750 0.0325 0.0000 0.4075 2503223847 SEATTLE 98178 WA 20070701 20370601 ARMS No 360 360 360 356,250.00 356,250.00 First Lien 0 356,250.00 0.00 - 375,000.00 95.00 95.00 LPMI LPMI 30 8.750 0.375 0.0325 1.190 1.5975 2503223850 SARASOTA 34232 FL 20070701 20370601 ARMS No 360 360 360 168,300.00 168,300.00 First Lien 0 168,300.00 0.00 187000 232000 90.00 90.00 LPMI LPMI 25 8.5700 0.3750 0.0325 1.1900 1.5975 2503223876 WOODBRIDGE 22193 VA 20070601 20370501 ARMS No 360 360 360 357,000.00 357,000.00 First Lien 0 357,000.00 0.00 - 420,000.00 85.00 85.00 LPMI LPMI 22 9.990 0.375 0.0325 0.740 1.1475 2503223890 EL SEGUNDO 90245 CA 20070601 20370501 ARMS No 360 360 360 468,000.00 468,000.00 First Lien 0 468,000.00 0.00 585000 585000 80.00 80.00 No MI NO MI 0 6.6250 0.3750 0.0325 0.0000 0.4075 2503223894 SPRINGFIELD 23956 MO 20070701 20370601 ARMS No 360 360 360 176,850.00 176,850.00 First Lien 0 176,850.00 0.00 196500 196500 90.00 90.00 LPMI LPMI 25 9.8500 0.3750 0.0325 0.6200 1.0275 2503223973 TOOELE 84074 UT 20070701 20370601 ARMS No 360 360 360 118,800.00 118,800.00 First Lien 0 118,800.00 0.00 135900 132000 90.00 90.00 PMI BPMI 25 7.8750 0.3750 0.0325 0.0000 0.4075 2503224073 EUREKA AREA 34822 CA 20070701 20370601 ARMS No 360 360 360 256,500.00 256,500.00 First Lien 0 256,500.00 0.00 - 285,000.00 90.00 90.00 LPMI LPMI 25 10.250 0.375 0.0325 0.690 1.0975 2503224074 SEATTLE 35796 WA 20070701 20370601 ARMS No 360 360 360 423,855.00 423,855.00 First Lien 0 423,855.00 0.00 470950 473000 90.00 90.00 LPMI LPMI 25 10.5000 0.3750 0.0325 1.2400 1.6475 2503224208 GLENDORA 91740 CA 20070701 20370601 ARMS No 360 360 360 510,000.00 510,000.00 First Lien 0 510,000.00 0.00 - 547,000.00 93.24 93.24 LPMI LPMI 30 7.500 0.375 0.0325 1.160 1.5675 2503224250 CHESTERFIELD 23832 VA 20070701 20370601 ARMS No 360 360 360 207,000.00 207,000.00 First Lien 0 207,000.00 0.00 - 230,000.00 90.00 90.00 LPMI LPMI 25 9.100 0.375 0.0325 1.190 1.5975 2503224264 PALMDALE 93551 CA 20070701 20370601 ARMS No 360 360 360 380,000.00 380,000.00 First Lien 0 380,000.00 0.00 - 400,000.00 95.00 95.00 LPMI LPMI 30 8.500 0.375 0.0325 1.160 1.5675 2503224346 NORTH LAUDERDALE 33068 FL 20070701 20370601 ARMS No 360 360 360 255,000.00 255,000.00 First Lien 0 255,000.00 0.00 - 300,000.00 85.00 85.00 LPMI LPMI 22 7.875 0.375 0.0325 0.850 1.2575 2503224451 BONNEY LAKE 98391 WA 20070701 20370601 ARMS No 360 360 360 363,802.00 363,802.00 First Lien 0 363,802.00 0.00 382950 390000 95.00 95.00 LPMI LPMI 30 7.5700 0.3750 0.0325 1.0800 1.4875 2503224503 THORNTON 29280 CO 20070701 20370601 ARMS No 360 360 360 160,000.00 160,000.00 First Lien 0 160,000.00 0.00 - 200,000.00 80.00 80.00 No MI NO MI 0 7.915 0.375 0.0325 0.000 0.4075 2503224705 CENTERTON 26499 AR 20070701 20370601 ARMS No 360 360 360 367,110.00 367,110.00 First Lien 0 367,110.00 0.00 407900 415000 90.00 90.00 LPMI LPMI 25 9.6900 0.3750 0.0325 0.7700 1.1775 LOAN_ID CURRENT_NET_COUPON PAYMENT PREPAY PP_DESC BACK_RATIO PRODUCT IO_PERIOD INDEX RATE_FREQ PAY_FREQ NEXT_RATE_ADJ_DATE1 NEXT_PAY_ADJ_DATE1 ROLL MARGIN INIT_RATE_CAP PER_RATE_CAP GROSS_LIFE_CAP MAX_RATE MIN_RATE FICO_SCORE DOCTYPE LOAN_PURP OCCTYPE PROPTYPE 1103143549 5.843 1,458.33 Yes 3YP 45.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 730 SISA Cash Out Refinance Owner Occupied PUD 1103445953 6.218 4,416.67 No NO 41.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.625 3.000 704 Stated Rate/Term Refinance Owner Occupied SFR 1103541312 5.593 1,067.50 Yes 1YP 35.67 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 730 Stated Cash Out Refinance Owner Occupied Condominium 1103581621 5.5925 1960 Yes 3YP 41.66 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 738 Express Verified Assets Purchase Owner Occupied SFR 1103605926 13.0925 369.68 No NO 44.68 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.625 0.000 711 Stated Purchase Investor SFR 1103611487 12.3425 522.68 No NO 41.62 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.875 0.000 693 Stated Purchase Investor D-PUDS 1103611552 6.3425 2603.81 No NO 43.17 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.750 3.000 653 Stated Purchase Owner Occupied Condominium 1103612837 6.4675 1303.39 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 697 Express No Doc Purchase Owner Occupied D-PUDS 1103612902 8.0925 1128.77 Yes 2YP 39.91 5/6 LIBOR LIBOR 6 6 20111201 20120101 56 3.000 3.000 1.000 6.000 14.500 3.000 704 Stated Purchase Investor SFR 1103613763 6.5925 1331.17 Yes 2YP 1.00 7/6 LIBOR IO 60 LIBOR 6 6 20140301 20140401 83 3.000 3.000 1.000 6.000 13.000 3.000 768 Express No Doc Verified Assets Purchase Owner Occupied D-PUDS 1103615320 11.2175 1191.1 Yes 3YP 40.58 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.750 0.000 682 Stated Purchase Owner Occupied SFR 1103618814 11.718 526.04 Yes 3YP 39.99 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 12.250 0.000 644 Stated Cash Out Refinance Owner Occupied SFR 1103620173 11.4675 525.11 Yes 1YP 28.73 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.000 0.000 757 Stated Purchase Owner Occupied SFR 1103624061 11.7175 558.01 No NO 40.42 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.250 0.000 706 Stated Purchase Investor D-PUDS 1103624733 13.7175 790.58 No NO 41.39 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.250 0.000 656 Stated Purchase Investor SFR 1103626197 10.843 323.66 Yes 3YP 37.10 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.375 0.000 694 Full Cash Out Refinance Investor 3-FAMILY 1103627011 12.1175 860.05 No NO 49.48 20YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 12.650 0.000 729 Stated Purchase Investor 2-FAMILY 1103632043 11.8925 705.6 Yes 3YP 42.29 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.425 0.000 689 Stated Purchase Investor HI-RISE 1103632215 11.8425 786.83 No NO 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 12.375 0.000 686 Express No Doc Purchase Owner Occupied PUD 1103632233 11.093 307.45 No NO 48.79 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.625 0.000 724 Full Cash Out Refinance Investor SFR 1103632320 13.393 436.21 Yes 1YP 32.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.925 0.000 652 Stated Cash Out Refinance Investor SFR 1103632732 7.968 764.63 No NO 28.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 14.375 3.000 752 Stated Rate/Term Refinance Investor 2-FAMILY 1103632897 6.343 1,771.88 Yes 1YP 26.42 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.750 3.000 732 Stated Rate/Term Refinance Investor SFR 1103633116 12.3425 438.58 Yes 3YP 41.72 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.875 0.000 636 Stated Purchase Second Home SFR 1103633980 13.0425 425.7 Yes 3YP 45.48 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.575 0.000 647 Stated Purchase Investor 2-FAMILY 1103634228 13.0675 482.79 No NO 49.14 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.600 0.000 666 Stated Purchase Investor D-PUDS 1103634326 13.8425 588.28 No NO 46.43 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 14.375 0.000 643 Stated Purchase Investor 2-FAMILY 1103634352 11.018 1,222.38 Yes 3YP 40.47 15YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 11.550 0.000 687 Stated Rate/Term Refinance Owner Occupied SFR 1103635040 11.8425 1127.37 Yes 1YP 43.77 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.375 0.000 672 SISA Purchase Owner Occupied 2-FAMILY 1103635229 8.7175 901.65 Yes 6MP 41.32 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 9.250 0.000 763 Stated Purchase Owner Occupied SFR 1103635362 12.0175 278.5 No NO 18.16 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.550 0.000 704 Stated Purchase Investor SFR 1103635710 13.343 751.99 No NO 40.82 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.875 0.000 652 Stated Cash Out Refinance Investor 2-FAMILY 1103636278 13.2675 395.15 No NO 33.59 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.800 0.000 661 Stated Purchase Investor D-PUDS 1103636476 12.2175 1087.24 No NO 25.38 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.750 0.000 686 Stated Purchase Investor PUD 1103637015 13.2175 524.3 Yes 1YP 29.06 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.750 0.000 643 Stated Purchase Investor SFR 1103637096 6.593 2,146.67 No NO 44.68 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.000 7.000 686 Stated Cash Out Refinance Owner Occupied SFR 1103638302 13.4425 768.89 No NO 30.14 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.975 0.000 661 Stated Purchase Investor 2-FAMILY 1103638697 13.8425 628.57 No NO 47.49 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.375 0.000 658 Stated Purchase Investor Condominium 1103638853 10.9675 396.12 No NO 40.33 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.500 0.000 712 Stated Purchase Investor PUD 1103638909 13.0925 298.05 No NO 30.40 30/15 FIXED BAL IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 13.625 0.000 654 Full Purchase Investor SFR 1103638943 12.7175 1195.21 Yes 1YP 32.38 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.250 0.000 682 Stated Purchase Investor Condominium 1103638971 7.543 3,067.18 Yes 2YP 46.74 2/6 LIBOR LIBOR 6 6 20090101 20090201 21 6.550 3.000 1.000 6.000 13.950 7.950 658 Stated Cash Out Refinance Owner Occupied SFR 1103639013 12.193 1,538.17 Yes 1YP 42.03 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.725 0.000 685 Stated Cash Out Refinance Investor SFR 1103639110 6.0925 666.25 Yes 2YP 43.68 5/6 LIBOR IO 60 LIBOR 6 6 20120101 20120201 57 3.000 3.000 1.000 6.000 12.500 3.000 732 SISA Purchase Owner Occupied Condominium 1103639385 11.343 876.34 Yes 3YP 44.29 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.875 0.000 687 Stated Cash Out Refinance Owner Occupied Condominium 1103639597 11.093 254.96 No NO 0.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.625 0.000 646 Express No Doc Cash Out Refinance Owner Occupied SFR 1103639598 12.458 660.49 No NO 0.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.990 0.000 626 Express Verified Assets Cash Out Refinance Owner Occupied Condominium 1103639786 11.843 1,308.74 Yes 2YP 0.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.375 0.000 636 Express Verified Assets Cash Out Refinance Owner Occupied Townhouse 1103639789 12.4575 574.82 No NO 0.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.990 0.000 632 Express Verified Assets Purchase Owner Occupied SFR 1103639790 12.4575 705.26 Yes 2YP 0.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.990 0.000 621 Express Verified Assets Purchase Owner Occupied Townhouse 1103639791 12.4575 972.77 Yes 2YP 0.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.990 0.000 627 Express Verified Assets Purchase Owner Occupied Townhouse 1103639792 12.4575 486.38 Yes 2YP 0.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.990 0.000 643 Express Verified Assets Purchase Owner Occupied SFR 1103639793 11.468 346.64 No NO 0.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.000 0.000 607 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103639848 5.5925 620.62 Yes 3YP 25.25 5/6 LIBOR IO 60 LIBOR 6 6 20111201 20120101 56 3.000 3.000 1.000 6.000 12.000 6.000 797 Stated Purchase Investor SFR 1103639907 11.6425 833.69 Yes 3YP 43.46 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.175 0.000 686 Stated Purchase Investor Condominium 1103640641 12.3675 1263.15 No NO 48.16 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.900 0.000 701 Stated Purchase Investor HI-RISE 1103640736 11.318 1,106.08 Yes 3YP 34.01 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.850 0.000 733 Stated Cash Out Refinance Investor 2-FAMILY 1103640941 13.7175 783.05 No NO 30.63 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.250 0.000 651 Stated Purchase Investor SFR 1103641203 6.093 3,244.12 Yes 2YP 1.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 729 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103641208 9.967 804.97 Yes 1YP 28.94 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.500 0.000 697 Full Cash Out Refinance Owner Occupied Condominium 1103641222 10.943 1,532.00 Yes 3YP 47.82 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.475 0.000 727 Stated Cash Out Refinance Investor SFR 1103641481 10.9675 633.79 Yes 3YP 41.21 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 11.500 0.000 669 Stated Purchase Owner Occupied SFR 1103641496 11.843 1,163.32 Yes 3YP 43.31 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.375 0.000 692 Stated Cash Out Refinance Investor 4-FAMILY 1103641545 11.443 451.75 Yes 3YP 19.37 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.975 0.000 666 Stated Cash Out Refinance Investor SFR 1103641549 12.3925 492.77 Yes 3YP 48.83 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 12.925 0.000 697 Stated Purchase Investor SFR 1103641582 5.968 2,916.56 Yes 1YP 41.62 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.375 3.000 688 Full Rate/Term Refinance Owner Occupied SFR 1103641703 11.5925 436.06 Yes 2YP 48.09 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.125 0.000 684 Stated Purchase Investor SFR 1103642086 12.343 2,001.00 Yes 3YP 44.36 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.875 0.000 675 Stated Cash Out Refinance Investor SFR 1103642187 11.543 400.83 Yes 1YP 35.92 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.075 0.000 732 Stated Cash Out Refinance Investor SFR 1103642251 11.343 692.71 No NO 49.96 30/15 FIXED BAL IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 11.875 0.000 738 Stated Cash Out Refinance Investor SFR 1103642335 5.4675 2017.08 No NO 41.26 5/6 LIBOR IO 120 LIBOR 6 6 20120101 20120201 57 2.750 3.000 1.000 6.000 11.875 2.750 702 SISA Purchase Owner Occupied D-PUDS 1103642362 11.8925 1135.75 Yes 2YP 44.95 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.425 0.000 687 Stated Purchase Investor SFR 1103642496 6.2175 745.95 No NO 22.23 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120101 20120201 57 2.750 6.000 2.000 6.000 12.625 2.750 644 Stated Purchase Owner Occupied PUD 1103643071 11.968 576.32 Yes 1YP 41.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 721 Stated Cash Out Refinance Investor PUD 1103643089 12.2675 407.2 No NO 46.07 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.800 0.000 709 Stated Purchase Investor SFR 1103643097 5.718 1,375.57 Yes 3YP 39.60 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.750 3.000 1.000 6.000 12.125 2.750 732 Stated Cash Out Refinance Investor SFR 1103643276 6.843 1,454.69 Yes 3YP 39.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.125 0.000 0 Stated Cash Out Refinance Second Home D-PUDS 1103643299 11.4675 1018.33 No NO 47.87 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.000 0.000 712 Stated Purchase Investor SFR 1103643731 5.2175 1546.88 No NO 41.00 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 3.000 3.000 1.000 6.000 11.625 5.625 781 Stated Purchase Owner Occupied D-PUDS 1103643742 5.468 1,640.10 Yes 1YP 40.93 3/6 LIBOR IO 120 LIBOR 6 6 20100201 20100301 34 2.750 3.000 1.000 6.000 11.875 2.750 786 Stated Cash Out Refinance Owner Occupied SFR 1103644291 11.2175 503.7 Yes 1YP 44.18 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.750 0.000 668 Stated Purchase Owner Occupied SFR 1103644308 12.6175 880.37 Yes 1YP 35.45 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.150 0.000 681 Stated Purchase Investor Condominium 1103644382 5.093 1,567.92 Yes 3YP 54.36 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.375 0.000 781 Full Cash Out Refinance Owner Occupied SFR 1103644392 5.843 2,624.88 No NO 43.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 765 Full Rate/Term Refinance Owner Occupied SFR 1103644400 13.0675 533.4 Yes 1YP 43.26 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.600 0.000 657 Stated Purchase Investor SFR 1103644465 6.718 3,325.00 Yes 3YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.125 3.000 647 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103644519 11.9675 208.33 No NO 32.78 30/15 FIXED BAL IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 684 Stated Purchase Investor SFR 1103644634 5.343 1,335.52 Yes 3YP 29.96 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.625 0.000 758 Stated Rate/Term Refinance Investor SFR 1103644724 12.718 1,215.84 No NO 38.14 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.250 0.000 731 Stated Cash Out Refinance Investor SFR 1103644816 11.7175 605.16 No NO 33.23 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.250 0.000 706 Stated Purchase Investor Condominium 1103644823 12.1925 698.31 No NO 25.68 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.725 0.000 662 Stated Purchase Investor 2-FAMILY 1103644852 11.593 750.14 Yes 2YP 48.13 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.125 0.000 731 Stated Cash Out Refinance Investor SFR 1103644855 6.4675 2700 Yes 3YP 37.30 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 695 Stated Purchase Owner Occupied SFR 1103644918 5.9675 2491.56 Yes 2YP 45.02 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.375 3.000 731 Stated Purchase Owner Occupied SFR 1103644939 10.3425 603.45 Yes 2YP 38.19 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.875 0.000 748 Stated Purchase Owner Occupied 3-FAMILY 1103645004 9.7675 1010.95 Yes 2YP 43.91 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.300 0.000 788 Stated Purchase Owner Occupied 3-FAMILY 1103645207 11.8425 1436.18 Yes 2YP 25.40 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.375 0.000 671 Stated Purchase Second Home HI-RISE 1103645261 12.3925 756.19 No NO 38.94 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 12.925 0.000 686 Stated Purchase Investor PUD 1103645266 13.8425 1396.81 No NO 46.79 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.375 0.000 647 Stated Purchase Investor Condominium 1103645334 13.2175 219.04 No NO 0.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.750 0.000 746 Express No Doc Purchase Owner Occupied Condominium 1103645336 12.8425 567.61 No NO 0.00 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 13.375 0.000 666 Express No Doc Purchase Owner Occupied 2-FAMILY 1103645372 12.2175 285.26 Yes 2YP 0.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.750 0.000 644 Express Verified Assets Purchase Investor SFR 1103645374 12.4575 580.34 Yes 2YP 0.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.990 0.000 632 Express Verified Assets Purchase Owner Occupied Condominium 1103645375 12.458 489.15 Yes 2YP 0.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.990 0.000 638 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103645525 6.718 2,090.00 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120101 20120201 57 2.750 6.000 2.000 6.000 13.125 2.750 635 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103645552 12.0925 872.34 Yes 2YP 38.41 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.625 0.000 689 Stated Purchase Investor SFR 1103645630 9.842 832.97 No NO 27.29 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.375 0.000 722 Stated Cash Out Refinance Investor SFR 1103645647 12.0925 1141.59 No NO 48.19 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.625 0.000 675 Stated Purchase Investor SFR 1103645678 11.968 504.81 Yes 3YP 43.03 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 698 Stated Rate/Term Refinance Investor Condominium 1103645687 7.4675 3044.34 No NO 45.00 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.750 3.000 1.000 6.000 13.875 2.750 722 Stated Purchase Owner Occupied 4-FAMILY 1103645821 10.968 1,525.05 No NO 42.55 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.500 0.000 694 Stated Cash Out Refinance Owner Occupied SFR 1103645844 11.7175 275.6 Yes 1YP 36.79 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.250 0.000 697 Stated Purchase Investor SFR 1103645898 13.468 272.52 No NO 38.66 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.000 0.000 647 Stated Cash Out Refinance Investor SFR 1103645975 4.968 1,881.25 Yes 3YP 43.16 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 5.250 0.000 780 Full Cash Out Refinance Owner Occupied SFR 1103646020 11.968 832.46 No NO 44.10 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 684 Stated Cash Out Refinance Investor SFR 1103646029 4.968 1,080.38 Yes 3YP 38.49 3/6 LIBOR IO 60 LIBOR 6 6 20100201 20100301 34 2.750 3.000 1.000 6.000 11.375 2.750 727 Full Cash Out Refinance Owner Occupied SFR 1103646126 12.458 1,243.60 Yes 2YP 0.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.990 0.000 629 Express Verified Assets Cash Out Refinance Owner Occupied PUD 1103646143 11.893 315.25 No NO 35.11 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.425 0.000 707 Stated Cash Out Refinance Investor SFR 1103646254 11.9675 567.78 Yes 2YP 37.93 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 661 Stated Purchase Second Home Condominium 1103646277 7.9675 3015 No NO 42.56 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.375 3.000 651 Stated Purchase Owner Occupied 3-FAMILY 1103646283 12.9675 2221.88 No NO 41.83 30/15 FIXED BAL IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 13.500 0.000 717 Stated Purchase Investor HI-RISE 1103646302 6.093 3,905.43 No NO 43.67 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 715 Stated Cash Out Refinance Owner Occupied SFR 1103646348 11.7175 272.98 Yes 1YP 34.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.250 0.000 697 Stated Purchase Investor SFR 1103646463 10.7175 330.23 Yes 3YP 31.81 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.250 0.000 674 Stated Purchase Owner Occupied SFR 1103646487 6.468 3,678.80 Yes 1YP 42.73 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 682 Stated Cash Out Refinance Owner Occupied SFR 1103646493 9.8825 1592.25 No NO 44.12 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.375 3.000 1.000 6.000 17.750 4.375 627 SISA Purchase Investor SFR 1103646521 13.3425 609.82 No NO 25.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.875 0.000 669 Stated Purchase Investor PUD 1103646623 13.2175 256.32 No NO 35.37 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.750 0.000 646 Stated Purchase Investor Condominium 1103646782 5.343 3,952.17 Yes 1YP 43.97 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 11.750 2.750 684 Stated Rate/Term Refinance Owner Occupied D-PUDS 1103646816 12.593 552.41 Yes 3YP 43.47 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.125 0.000 677 Stated Cash Out Refinance Investor SFR 1103646838 8.3425 570.05 No NO 43.60 5/6 LIBOR LIBOR 6 6 20120201 20120301 58 3.000 3.000 1.000 6.000 14.750 8.750 664 Stated Purchase Owner Occupied Condominium 1103646976 13.0925 1304.86 Yes 6MP 34.35 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.625 0.000 678 Stated Purchase Investor PUD 1103647092 6.593 3,319.13 Yes 2YP 48.97 2/6 LIBOR LIBOR 6 6 20090401 20090501 24 6.950 3.000 1.000 6.000 13.950 6.950 691 SISA Cash Out Refinance Owner Occupied D-PUDS 1103647099 11.893 721.78 No NO 41.73 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.425 0.000 720 Stated Cash Out Refinance Investor SFR 1103647132 12.3425 547.95 Yes 2YP 44.75 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.875 0.000 688 Stated Purchase Investor Condominium 1103647189 6.968 3,441.67 Yes 3YP 36.91 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.750 3.000 1.000 6.000 13.375 2.750 676 Stated Cash Out Refinance Owner Occupied SFR 1103647199 8.5825 1911.07 Yes 2YP 41.33 2/6 LIBOR 40/30 BAL LIBOR 6 6 20090201 20090301 22 7.150 3.000 1.000 6.000 14.990 8.990 652 Stated Purchase Owner Occupied Condominium 1103647350 7.5925 6666.67 Yes 1YP 33.95 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 14.000 2.750 671 Stated Purchase Owner Occupied SFR 1103647408 9.9675 1134.28 Yes 3YP 46.43 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.500 0.000 714 Stated Purchase Owner Occupied Condominium 1103647440 5.593 1,725.00 No NO 39.15 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 2.750 3.000 1.000 6.000 12.000 2.750 744 Stated Cash Out Refinance Owner Occupied Condominium 1103647484 12.2675 398.07 No NO 39.91 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.800 0.000 704 Stated Purchase Investor Condominium 1103647491 12.3425 3738.85 Yes 1YP 33.95 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.875 0.000 671 Stated Purchase Owner Occupied SFR 1103647553 11.693 308.56 No NO 45.01 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.225 0.000 651 Stated Cash Out Refinance Owner Occupied 3-FAMILY 1103647673 7.943 3,878.19 Yes 3YP 49.99 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120201 20120301 58 6.550 3.000 1.000 6.000 15.750 9.750 618 Stated Cash Out Refinance Second Home SFR 1103647703 6.468 1,530.00 No NO 45.30 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 705 Full Rate/Term Refinance Owner Occupied SFR 1103647745 5.468 2,287.94 Yes 3YP 38.88 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120201 20120301 58 2.750 3.000 1.000 6.000 11.875 2.750 717 Full Rate/Term Refinance Owner Occupied SFR 1103648022 5.093 4,020.65 Yes 3YP 47.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.500 3.000 717 Stated Rate/Term Refinance Owner Occupied SFR 1103648053 11.8425 486.49 Yes 2YP 42.93 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.375 0.000 661 Stated Purchase Investor SFR 1103648126 5.3425 827.62 Yes 3YP 36.89 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.750 3.000 1.000 6.000 11.750 2.750 756 Stated Purchase Owner Occupied SFR 1103648158 7.218 1,041.03 No NO 47.90 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120201 20120301 58 3.000 3.000 1.000 6.000 13.625 3.000 615 Stated Cash Out Refinance Owner Occupied SFR 1103648203 5.3425 3546.04 Yes 3YP 29.57 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.625 0.000 803 Full Purchase Second Home D-PUDS 1103648241 12.468 995.58 Yes 6MP 37.01 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.000 0.000 654 Stated Cash Out Refinance Investor SFR 1103648294 11.2175 317.96 Yes 3YP 18.93 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.750 0.000 690 Stated Purchase Investor SFR 1103648355 13.898 764.92 No NO 43.45 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.430 0.000 667 Stated Cash Out Refinance Investor SFR 1103648365 7.4675 3307.5 No NO 48.07 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 4.125 3.000 1.000 6.000 13.875 4.125 736 Stated Purchase Investor SFR 1103648406 5.5925 3498.95 Yes 3YP 38.63 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 760 Stated Purchase Owner Occupied SFR 1103648432 8.503 1,411.36 Yes 3YP 47.83 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.875 3.000 1.000 6.000 16.250 4.250 649 SISA Cash Out Refinance Owner Occupied SFR 1103648450 5.343 3,707.23 No NO 44.15 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.625 0.000 704 Stated Rate/Term Refinance Owner Occupied SFR 1103648573 11.218 1,638.27 Yes 6MP 40.80 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.750 0.000 648 Stated Cash Out Refinance Owner Occupied SFR 1103648735 7.4925 4292.33 Yes 1YP 40.61 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.900 3.000 708 Stated Purchase Owner Occupied D-PUDS 1103648746 5.718 1,988.58 No NO 43.35 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.750 3.000 1.000 6.000 12.125 2.750 739 Stated Cash Out Refinance Owner Occupied SFR 1103648767 5.593 4,406.25 No NO 22.21 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 776 Full Rate/Term Refinance Second Home SFR 1103648834 5.3425 2515.63 Yes 1YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.750 3.000 776 Express Verified Assets Purchase Investor SFR 1103648907 6.343 708.75 Yes 3YP 32.01 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 12.750 2.750 783 Full Cash Out Refinance Owner Occupied SFR 1103648931 6.5925 1864.33 Yes 1YP 44.48 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.000 3.000 701 Stated Purchase Owner Occupied SFR 1103649078 5.7175 1396.5 No NO 27.88 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.750 3.000 1.000 6.000 12.125 2.750 791 SISA Purchase Owner Occupied Condominium 1103649142 11.8425 1414.5 Yes 1YP 35.23 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.375 0.000 697 Stated Purchase Investor SFR 1103649164 5.593 3,407.26 No NO 43.66 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 737 SISA Rate/Term Refinance Owner Occupied SFR 1103649173 5.468 659.44 Yes 3YP 16.91 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 806 Full Cash Out Refinance Owner Occupied Condominium 1103649192 5.468 3,154.39 Yes 3YP 33.86 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 768 Stated Rate/Term Refinance Owner Occupied D-PUDS 1103649198 5.968 2,549.07 Yes 3YP 32.68 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 711 Full Rate/Term Refinance Owner Occupied SFR 1103649226 5.4675 1175 Yes 3YP 40.48 7/6 LIBOR IO 120 LIBOR 6 6 20140201 20140301 82 2.750 3.000 1.000 6.000 11.875 2.750 770 Stated Purchase Second Home D-PUDS 1103649241 5.468 3,536.45 Yes 3YP 39.96 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 783 Full Rate/Term Refinance Owner Occupied SFR 1103649244 11.7175 392.97 Yes 3YP 41.81 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.250 0.000 662 Stated Purchase Investor SFR 1103649274 6.8425 1060.61 Yes 1YP 44.08 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.250 3.000 669 Stated Purchase Second Home Condominium 1103649275 5.468 664.85 Yes 1YP 40.88 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 2.500 3.000 1.000 6.000 11.875 2.500 776 Full Cash Out Refinance Investor SFR 1103649342 6.093 2,860.00 Yes 3YP 46.37 3/6 LIBOR IO 60 LIBOR 6 6 20100201 20100301 34 2.750 3.000 1.000 6.000 12.500 2.750 764 SISA Rate/Term Refinance Investor 3-FAMILY 1103649373 6.3425 1233 Yes 3YP 37.82 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.750 3.000 746 SISA Purchase Owner Occupied SFR 1103649380 5.4675 1288.58 Yes 2YP 40.47 2/6 LIBOR IO 60 LIBOR 6 6 20090301 20090401 23 3.000 3.000 1.000 6.000 11.875 5.875 695 Stated Purchase Investor SFR 1103649478 6.968 1,696.25 Yes 1YP 27.79 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.375 7.375 667 Stated Cash Out Refinance Investor SFR 1103649499 5.718 959.28 Yes 3YP 44.49 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 801 Full Rate/Term Refinance Owner Occupied SFR 1103649521 7.093 1,781.25 No NO 49.93 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.500 3.000 653 Stated Rate/Term Refinance Investor SFR 1103649550 8.3775 1740.47 Yes 3YP 39.02 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 6.000 3.000 1.000 6.000 15.875 6.000 652 Full Purchase Investor 4-FAMILY 1103649552 5.468 1,416.73 No NO 38.59 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 11.875 2.500 730 Full Rate/Term Refinance Owner Occupied SFR 1103649572 6.218 2,253.33 Yes 3YP 44.93 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 691 Stated Rate/Term Refinance Owner Occupied SFR 1103649594 11.5925 654.09 Yes 2YP 44.95 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.125 0.000 668 Stated Purchase Second Home HI-RISE 1103649602 11.8175 1161.2 No NO 38.40 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.350 0.000 720 Stated Purchase Investor Condominium 1103649607 6.468 1,976.56 Yes 3YP 28.57 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 648 Stated Cash Out Refinance Owner Occupied Condominium 1103649618 4.968 850.39 Yes 3YP 29.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.250 0.000 798 Stated Cash Out Refinance Investor 2-FAMILY 1103649626 7.343 3,861.46 No NO 44.95 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 13.750 2.750 618 Stated Cash Out Refinance Owner Occupied SFR 1103649780 8.0925 956.25 No NO 26.22 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 14.500 3.000 667 Stated Purchase Investor SFR 1103649788 5.593 4,489.77 Yes 3YP 48.63 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 801 Stated Rate/Term Refinance Owner Occupied D-PUDS 1103649828 6.528 2,110.13 No NO 40.00 5/6 LIBOR IO 60 LIBOR 6 6 20120101 20120201 57 2.750 6.000 2.000 6.000 14.275 8.275 646 Stated Cash Out Refinance Owner Occupied SFR 1103649838 6.2175 2870.83 Yes 3YP 44.45 7/6 LIBOR IO 120 LIBOR 6 6 20140301 20140401 83 2.750 3.000 1.000 6.000 12.625 2.750 676 Stated Purchase Owner Occupied SFR 1103649844 5.7175 2164.17 Yes 3YP 41.67 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.125 3.000 651 Stated Purchase Owner Occupied D-PUDS 1103649879 5.968 2,586.01 Yes 3YP 41.71 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 795 Stated Rate/Term Refinance Owner Occupied SFR 1103649882 10.1175 1782.5 Yes 3YP 44.37 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.650 0.000 733 Stated Purchase Owner Occupied 3-FAMILY 1103649902 5.843 2,000.00 No NO 35.06 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 12.250 2.750 806 SISA Rate/Term Refinance Owner Occupied SFR 1103649925 6.093 1,031.88 Yes 3YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.500 2.500 660 Express No Doc Cash Out Refinance Owner Occupied HI-RISE 1103649983 6.4675 4292.58 No NO 49.85 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.875 3.000 709 Stated Purchase Investor SFR 1103650057 5.468 3,116.28 Yes 3YP 36.92 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 781 Full Cash Out Refinance Owner Occupied D-PUDS 1103650090 5.468 1,167.15 Yes 3YP 38.43 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 727 Full Cash Out Refinance Owner Occupied SFR 1103650126 6.218 897.24 Yes 2YP 1.00 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 671 Express Non-Verified Assets Cash Out Refinance Investor SFR 1103650169 5.968 1,041.67 Yes 3YP 41.43 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 777 Stated Cash Out Refinance Investor SFR 1103650190 5.593 800.00 Yes 3YP 44.03 3/6 LIBOR IO 120 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 12.000 3.000 765 Stated Cash Out Refinance Owner Occupied SFR 1103650205 10.968 693.20 Yes 1YP 40.25 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.500 0.000 764 Stated Rate/Term Refinance Owner Occupied SFR 1103650238 5.9675 1275 Yes 3YP 43.13 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.375 2.500 686 SISA Purchase Owner Occupied Condominium 1103650275 7.0925 1394.37 No NO 33.51 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.500 3.000 697 Stated Purchase Owner Occupied Condominium 1103650336 5.343 3,453.94 Yes 3YP 40.65 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.625 0.000 760 Stated Cash Out Refinance Owner Occupied SFR 1103650353 5.843 2,333.33 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.750 3.000 1.000 6.000 12.250 2.750 738 Express Non-Verified Assets Rate/Term Refinance Investor SFR 1103650439 5.592 1,439.76 Yes 3YP 35.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.999 3.000 652 Full Rate/Term Refinance Owner Occupied Condominium 1103650475 6.468 3,145.70 Yes 3YP 30.81 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 638 Stated Cash Out Refinance Owner Occupied 3-FAMILY 1103650515 5.843 1,770.83 Yes 1YP 48.58 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 706 Stated Cash Out Refinance Owner Occupied SFR 1103650588 5.093 1,791.91 Yes 3YP 39.87 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.375 0.000 722 Full Rate/Term Refinance Owner Occupied SFR 1103650621 5.468 4,606.98 Yes 3YP 24.51 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 690 Stated Rate/Term Refinance Owner Occupied SFR 1103650646 5.5825 3976.75 Yes 2YP 1.00 3/6 LIBOR LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 11.990 3.000 716 Express Verified Assets Purchase Second Home Condominium 1103650664 6.218 1,915.17 Yes 3YP 34.89 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 653 SISA Rate/Term Refinance Owner Occupied PUD 1103650704 8.4675 3076.67 Yes 6MP 41.54 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 4.500 3.000 1.000 6.000 14.875 4.500 651 Stated Purchase Owner Occupied SFR 1103650762 5.9675 2018.75 Yes 3YP 44.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.375 3.000 722 SISA Purchase Owner Occupied SFR 1103650770 5.718 1,233.17 Yes 3YP 24.54 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.125 3.000 699 Full Cash Out Refinance Owner Occupied SFR 1103650880 5.468 2,224.18 Yes 3YP 44.45 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 683 Full Cash Out Refinance Owner Occupied D-PUDS 1103650906 5.968 892.79 Yes 3YP 16.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 815 Stated Rate/Term Refinance Investor SFR 1103650985 6.468 646.88 Yes 1YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 707 Express No Doc Cash Out Refinance Owner Occupied Condominium 1103651112 6.343 2,775.75 No NO 44.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 684 Full Rate/Term Refinance Owner Occupied SFR 1103651126 12.4675 291.48 No NO 30.80 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.000 0.000 698 Stated Purchase Investor Condominium 1103651168 6.5925 1060.28 No NO 49.05 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 13.000 2.750 673 Full Purchase Investor SFR 1103651172 12.0925 452.33 No NO 40.14 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.625 0.000 650 Stated Purchase Investor SFR 1103651202 6.343 2,756.25 No NO 29.13 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.750 3.000 731 SISA Cash Out Refinance Owner Occupied D-PUDS 1103651240 7.5825 1189.18 Yes 1YP 44.30 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.990 3.000 706 SISA Purchase Owner Occupied Condominium 1103651250 5.968 1,231.43 Yes 2YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 755 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103651275 5.468 770.32 Yes 3YP 15.32 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 808 Full Cash Out Refinance Owner Occupied SFR 1103651288 5.968 2,146.25 Yes 3YP 49.56 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.375 3.000 622 Full Rate/Term Refinance Owner Occupied SFR 1103651320 5.693 5,023.87 Yes 3YP 30.05 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.975 0.000 749 Full Rate/Term Refinance Owner Occupied SFR 1103651337 5.718 2,000.00 No NO 15.00 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 809 Full Cash Out Refinance Second Home SFR 1103651396 6.593 2,463.54 Yes 3YP 41.92 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 642 Full Rate/Term Refinance Owner Occupied SFR 1103651416 4.9675 1545.62 No NO 26.24 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.250 0.000 808 Full Purchase Owner Occupied PUD 1103651419 5.3425 2287.51 No NO 35.33 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 5.750 3.000 1.000 6.000 11.750 5.750 792 Full Purchase Owner Occupied HI-RISE 1103651616 5.093 2,566.67 No NO 40.00 3/6 LIBOR IO 60 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 11.500 3.000 789 Full Rate/Term Refinance Owner Occupied Condominium 1103651644 5.7175 1551.26 Yes 3YP 47.17 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.125 3.000 698 Stated Purchase Owner Occupied SFR 1103651658 5.718 689.48 Yes 2YP 47.43 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 716 Full Cash Out Refinance Owner Occupied SFR 1103651685 6.218 1,040.00 Yes 3YP 20.87 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 802 Stated Cash Out Refinance Owner Occupied SFR 1103651687 5.8425 1062.5 Yes 3YP 45.15 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 5.125 3.000 1.000 6.000 12.250 5.125 723 Stated Purchase Second Home SFR 1103651721 6.9675 1445.5 No NO 34.38 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.375 7.375 683 Stated Purchase Investor PUD 1103651752 5.718 1,888.58 Yes 3YP 17.53 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 817 Full Cash Out Refinance Owner Occupied SFR 1103651764 5.843 750.00 No NO 30.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 641 SISA Cash Out Refinance Owner Occupied SFR 1103651810 5.968 3,472.65 No NO 17.15 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 771 Full Rate/Term Refinance Owner Occupied SFR 1103651837 5.968 963.54 No NO 45.03 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 730 Stated Cash Out Refinance Owner Occupied D-PUDS 1103651838 6.343 1,778.81 Yes 1YP 28.90 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 707 Stated Rate/Term Refinance Investor Condominium 1103651856 5.968 2,390.63 No NO 44.19 7/6 LIBOR IO 120 LIBOR 6 6 20140301 20140401 83 2.750 3.000 1.000 6.000 12.375 2.750 732 SISA Cash Out Refinance Owner Occupied SFR 1103651876 5.718 1,605.00 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 727 Express Non-Verified Assets Rate/Term Refinance Owner Occupied SFR 1103651973 6.218 1,130.39 No NO 35.71 3/6 LIBOR IO 120 LIBOR 6 6 20100101 20100201 33 2.750 3.000 1.000 6.000 12.625 2.750 753 Stated Cash Out Refinance Owner Occupied 2-FAMILY 1103652059 6.0925 2379 Yes 3YP 49.14 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 12.500 3.500 728 Stated Purchase Owner Occupied SFR 1103652088 5.468 1,331.67 Yes 3YP 43.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 760 Full Cash Out Refinance Owner Occupied SFR 1103652103 5.468 2,439.33 No NO 29.77 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 779 Stated Rate/Term Refinance Owner Occupied SFR 1103652104 12.0925 370.48 Yes 2YP 36.33 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.625 0.000 673 Stated Purchase Owner Occupied Condominium 1103652212 6.417 2,258.24 Yes 3YP 43.58 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.699 0.000 685 SISA Cash Out Refinance Owner Occupied SFR 1103652218 8.2175 1495 No NO 47.86 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 14.625 8.625 691 Stated Purchase Investor Condominium 1103652262 6.343 1,945.54 Yes 1YP 41.81 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 684 Stated Cash Out Refinance Owner Occupied SFR 1103652293 5.968 1,001.41 Yes 1YP 39.35 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.375 3.000 654 Stated Rate/Term Refinance Owner Occupied SFR 1103652316 5.9675 3060 Yes 1YP 42.70 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 2.750 3.000 1.000 6.000 12.375 2.750 685 Stated Purchase Owner Occupied SFR 1103652329 6.252 2,214.12 Yes 2YP 44.96 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.659 3.000 628 Full Cash Out Refinance Owner Occupied SFR 1103652333 6.468 1,342.92 Yes 1YP 47.80 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.250 3.000 1.000 6.000 12.875 3.250 672 Stated Rate/Term Refinance Owner Occupied SFR 1103652335 5.5925 1743.56 No NO 26.17 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 723 Full Purchase Owner Occupied Condominium 1103652343 6.7175 3296.5 Yes 3YP 47.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.125 3.000 779 Stated Purchase Owner Occupied 4-FAMILY 1103652351 5.813 2,094.07 No NO 35.36 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.220 3.000 744 Full Rate/Term Refinance Investor Condominium 1103652363 5.968 1,035.94 Yes 3YP 31.78 3/6 LIBOR IO 60 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 12.375 3.000 679 Stated Cash Out Refinance Investor Condominium 1103652373 6.4675 1168.75 Yes 3YP 44.01 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.875 3.000 676 Stated Purchase Owner Occupied Condominium 1103652452 6.7175 2216.67 Yes 1YP 42.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.000 0.000 630 Stated Purchase Owner Occupied SFR 1103652458 5.343 4,785.30 Yes 2YP 34.15 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 730 Stated Cash Out Refinance Owner Occupied D-PUDS 1103652492 5.593 1,374.00 No NO 26.79 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.000 3.000 717 Full Cash Out Refinance Owner Occupied SFR 1103652510 11.968 1,035.24 No NO 39.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 705 Stated Cash Out Refinance Investor SFR 1103652537 5.593 2,496.88 Yes 1YP 35.42 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 704 Full Rate/Term Refinance Owner Occupied SFR 1103652548 6.968 2,251.18 No NO 1.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.250 0.000 666 Express Verified Assets Rate/Term Refinance Investor SFR 1103652549 6.593 1,833.33 Yes 2YP 38.58 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 653 Stated Rate/Term Refinance Owner Occupied SFR 1103652552 6.2175 851.02 Yes 3YP 44.95 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 668 Stated Purchase Investor SFR 1103652565 6.3425 1440 Yes 2YP 46.39 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.750 2.500 690 Stated Purchase Investor Condominium 1103652605 5.343 1,157.67 Yes 3YP 45.61 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.750 3.000 641 Full Rate/Term Refinance Owner Occupied SFR 1103652607 6.343 712.97 No NO 46.79 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 2.750 3.000 1.000 6.000 12.750 2.750 751 Full Cash Out Refinance Investor Condominium 1103652612 6.218 3,511.25 Yes 1YP 0.00 7/6 LIBOR IO 120 LIBOR 6 6 20140301 20140401 83 3.000 3.000 1.000 6.000 12.625 3.000 723 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103652631 6.8425 2924.17 Yes 2YP 48.28 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.250 3.000 682 Stated Purchase Owner Occupied SFR 1103652634 6.468 963.00 Yes 3YP 1.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 711 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103652653 6.218 2,692.61 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 760 Express Verified Assets Rate/Term Refinance Owner Occupied 2-FAMILY 1103652662 5.918 2,480.00 Yes 1YP 37.40 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.200 0.000 802 Stated Rate/Term Refinance Owner Occupied PUD 1103652674 5.843 3,402.62 Yes 3YP 31.96 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 685 Stated Cash Out Refinance Owner Occupied SFR 1103652697 6.218 1,210.17 Yes 1YP 33.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.625 3.000 655 Stated Cash Out Refinance Owner Occupied Condominium 1103652700 5.593 2,000.00 Yes 3YP 40.59 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 12.000 3.000 726 Stated Cash Out Refinance Owner Occupied 2-FAMILY 1103652713 5.3425 1686.67 No NO 44.87 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 770 Full Purchase Owner Occupied SFR 1103652729 6.218 1,034.58 Yes 3YP 33.54 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 622 Express Non-Verified Assets Rate/Term Refinance Owner Occupied SFR 1103652737 6.093 3,697.60 Yes 1YP 0.00 7/6 LIBOR LIBOR 6 6 20140301 20140401 83 3.000 3.000 1.000 6.000 12.500 3.000 685 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103652754 8.4675 3605.47 Yes 3YP 46.98 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 14.875 3.000 695 Stated Purchase Owner Occupied 3-FAMILY 1103652758 6.9675 497.81 Yes 1YP 41.99 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 13.375 2.500 692 Stated Purchase Investor Condominium 1103652771 6.218 2,788.02 Yes 3YP 24.05 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.625 3.000 766 SISA Cash Out Refinance Investor 2-FAMILY 1103652779 5.968 2,734.38 No NO 35.00 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 780 Full Rate/Term Refinance Owner Occupied SFR 1103652840 5.718 2,352.00 No NO 26.40 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 773 Stated Cash Out Refinance Owner Occupied D-PUDS 1103652841 5.218 2,343.75 Yes 2YP 41.60 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 11.625 3.000 772 Full Cash Out Refinance Owner Occupied SFR 1103652847 5.968 2,310.94 Yes 3YP 44.43 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 655 Stated Rate/Term Refinance Owner Occupied Condominium 1103652867 7.0925 922.61 No NO 32.53 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.375 0.000 730 Stated Purchase Investor SFR 1103652876 5.593 4,375.00 Yes 3YP 27.97 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 12.000 3.000 772 Stated Rate/Term Refinance Second Home Condominium 1103652929 7.0925 615.31 Yes 3YP 32.43 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.500 3.000 640 Full Purchase Owner Occupied SFR 1103652986 6.093 1,885.94 No NO 43.48 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 768 Full Cash Out Refinance Owner Occupied SFR 1103653022 5.5925 1505 Yes 2YP 36.08 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.000 3.000 732 Stated Purchase Owner Occupied D-PUDS 1103653039 5.9675 1859.38 No NO 38.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 12.375 2.750 813 Full Purchase Investor SFR 1103653048 5.9675 3910 No NO 29.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.375 3.000 745 Full Purchase Second Home D-PUDS 1103653060 5.843 2,927.08 Yes 3YP 42.06 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 12.250 3.000 766 Stated Cash Out Refinance Owner Occupied SFR 1103653068 5.093 2,887.50 No NO 38.65 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 11.500 2.750 719 Stated Cash Out Refinance Owner Occupied D-PUDS 1103653073 6.2175 1678.33 Yes 1YP 26.87 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.625 3.000 704 Stated Purchase Investor SFR 1103653093 5.343 2,357.50 Yes 3YP 23.37 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 2.750 3.000 1.000 6.000 11.750 2.750 714 Stated Cash Out Refinance Owner Occupied SFR 1103653099 5.718 1,082.08 No NO 16.54 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 12.125 3.000 804 Full Cash Out Refinance Owner Occupied Condominium 1103653115 5.718 1,475.10 Yes 3YP 42.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.125 3.000 801 Stated Rate/Term Refinance Second Home HI-RISE 1103653161 6.093 1,296.38 Yes 3YP 38.80 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 673 Stated Cash Out Refinance Owner Occupied SFR 1103653165 5.843 2,343.75 No NO 44.03 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 12.250 2.750 701 Stated Cash Out Refinance Owner Occupied SFR 1103653172 5.718 1,798.65 Yes 1YP 45.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 713 Stated Cash Out Refinance Owner Occupied SFR 1103653191 5.843 3,508.95 Yes 3YP 37.61 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 774 Full Rate/Term Refinance Owner Occupied SFR 1103653215 5.468 3,321.64 Yes 3YP 43.00 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 777 Full Cash Out Refinance Owner Occupied SFR 1103653297 5.5825 1038.27 Yes 3YP 31.16 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.990 3.000 755 Stated Purchase Owner Occupied D-PUDS 1103653310 6.343 2,302.19 No NO 35.52 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 726 Stated Cash Out Refinance Owner Occupied SFR 1103653355 5.843 2,327.41 No NO 30.47 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 729 Stated Rate/Term Refinance Investor HI-RISE 1103653358 8.0925 4249.43 Yes 3YP 43.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 14.500 3.000 755 Stated Purchase Owner Occupied 4-FAMILY 1103653380 5.843 1,029.90 No NO 17.17 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 780 Stated Rate/Term Refinance Owner Occupied Condominium 1103653387 5.843 1,750.00 Yes 3YP 35.86 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 694 Stated Rate/Term Refinance Owner Occupied SFR 1103653393 7.7025 1085.76 No NO 42.41 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 4.125 3.000 1.000 6.000 15.300 9.300 653 Stated Purchase Investor SFR 1103653401 5.9675 1788.98 No NO 41.86 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.375 3.000 699 Stated Purchase Investor SFR 1103653418 6.093 626.71 Yes 1YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 797 Express Non-Verified Assets Cash Out Refinance Investor Condominium 1103653446 5.273 2,692.08 Yes 3YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.750 3.000 1.000 6.000 12.500 3.750 685 Express Non-Verified Assets Rate/Term Refinance Owner Occupied SFR 1103653448 5.593 3,708.75 No NO 37.99 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 793 Full Rate/Term Refinance Owner Occupied D-PUDS 1103653455 5.968 1,847.69 Yes 3YP 47.69 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.375 2.500 771 Stated Rate/Term Refinance Investor SFR 1103653464 6.093 3,450.42 Yes 3YP 37.47 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 780 Stated Rate/Term Refinance Owner Occupied 3-FAMILY 1103653469 6.093 2,588.43 Yes 3YP 42.59 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 777 Stated Cash Out Refinance Owner Occupied SFR 1103653506 6.2175 1391.21 Yes 3YP 48.28 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.625 3.000 641 Stated Purchase Owner Occupied SFR 1103653553 5.093 1,663.75 No NO 31.33 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.500 3.000 803 Stated Rate/Term Refinance Owner Occupied D-PUDS 1103653572 7.0925 1075 No NO 41.76 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.500 3.000 721 Stated Purchase Owner Occupied SFR 1103653577 5.593 1,415.00 No NO 40.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.000 3.000 797 SISA Rate/Term Refinance Investor SFR 1103653599 6.5925 3153.26 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 767 Express Verified Assets Purchase Investor SFR 1103653605 5.468 2,276.56 No NO 22.73 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 782 Full Rate/Term Refinance Owner Occupied D-PUDS 1103653612 5.968 2,295.00 Yes 2YP 44.61 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.375 3.000 734 Full Rate/Term Refinance Owner Occupied SFR 1103653659 6.4675 2589.58 No NO 44.60 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.875 3.000 740 Stated Purchase Investor Condominium 1103653671 6.063 1,827.78 Yes 2YP 40.69 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 12.470 3.000 776 Full Rate/Term Refinance Owner Occupied Condominium 1103653689 6.093 687.92 Yes 6MP 29.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 686 Stated Rate/Term Refinance Investor SFR 1103653742 6.218 2,040.67 No NO 38.00 7/6 LIBOR LIBOR 6 6 20140301 20140401 83 2.500 3.000 1.000 6.000 12.625 2.500 709 Express No Doc Rate/Term Refinance Owner Occupied PUD 1103653785 6.3425 909.66 Yes 1YP 43.92 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.750 3.000 706 Stated Purchase Investor PUD 1103653804 5.3425 2684.44 No NO 41.05 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.750 3.000 801 Full Purchase Owner Occupied Condominium 1103653810 5.968 1,394.53 Yes 3YP 40.11 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 12.375 3.000 645 Stated Rate/Term Refinance Investor D-PUDS 1103653816 6.218 2,097.92 Yes 3YP 43.69 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 12.625 2.750 651 Stated Rate/Term Refinance Owner Occupied SFR 1103653861 5.4675 1298.83 No NO 28.01 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.500 3.000 1.000 6.000 11.875 2.500 752 Full Purchase Investor Condominium 1103653863 5.593 4,259.07 Yes 3YP 44.79 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 718 Full Cash Out Refinance Owner Occupied SFR 1103653888 7.718 1,692.89 No NO 33.03 7/6 LIBOR LIBOR 6 6 20140301 20140401 83 3.000 3.000 1.000 6.000 14.125 3.000 694 Stated Cash Out Refinance Investor 2-FAMILY 1103653894 5.718 2,518.11 Yes 3YP 29.08 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 767 Stated Cash Out Refinance Owner Occupied SFR 1103653897 6.3425 4162.02 No NO 42.82 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 710 Full Purchase Owner Occupied SFR 1103653913 7.093 765.63 Yes 3YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.500 3.000 637 Express Verified Assets Cash Out Refinance Investor SFR 1103653929 7.3425 1550 Yes 3YP 29.55 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.750 3.500 682 Stated Purchase Investor D-PUDS 1103653934 5.2175 2231.25 Yes 3YP 45.20 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.625 3.000 716 Stated Purchase Owner Occupied 3-FAMILY 1103653953 6.3525 1171.39 Yes 3YP 31.77 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 4.000 3.000 1.000 6.000 13.590 4.000 750 Stated Purchase Owner Occupied D-PUDS 1103653975 9.2525 2898.46 Yes 2YP 1.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 16.750 3.875 666 Express Verified Assets Purchase Investor Condominium 1103653997 5.468 1,762.50 Yes 3YP 41.69 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 697 Full Cash Out Refinance Owner Occupied Condominium 1103654006 5.718 4,307.92 Yes 1YP 47.03 3/6 LIBOR IO 60 LIBOR 6 6 20100301 20100401 35 3.500 3.000 1.000 6.000 12.125 3.500 672 Full Rate/Term Refinance Owner Occupied SFR 1103654026 6.3425 1956.79 Yes 3YP 44.32 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 762 SISA Purchase Owner Occupied SFR 1103654045 6.3425 2700 Yes 1YP 46.07 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 682 Stated Purchase Owner Occupied Condominium 1103654046 6.093 735.85 Yes 1YP 42.82 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 709 Stated Rate/Term Refinance Investor SFR 1103654056 5.843 2,283.85 No NO 50.36 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 816 Full Rate/Term Refinance Owner Occupied D-PUDS 1103654058 6.573 1,572.26 Yes 3YP 45.19 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.980 3.000 692 Full Cash Out Refinance Owner Occupied SFR 1103654067 7.3425 808.91 Yes 3YP 42.59 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.750 7.750 669 Stated Purchase Investor 2-FAMILY 1103654075 7.093 2,250.00 Yes 6MP 49.75 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.500 3.000 675 Stated Rate/Term Refinance Owner Occupied SFR 1103654097 5.593 3,750.00 Yes 3YP 34.84 3/6 LIBOR IO 120 LIBOR 6 6 20100401 20100501 36 2.750 3.000 1.000 6.000 12.000 2.750 711 Stated Cash Out Refinance Owner Occupied SFR 1103654102 6.218 3,064.06 Yes 3YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.625 3.000 639 Express Verified Assets Rate/Term Refinance Investor D-PUDS 1103654122 5.8425 3125 Yes 3YP 15.26 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 689 Full Purchase Owner Occupied D-PUDS 1103654134 5.968 1,328.13 Yes 1YP 49.77 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.375 2.500 639 Full Cash Out Refinance Owner Occupied SFR 1103654137 5.3425 1782.5 Yes 3YP 44.90 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.750 3.000 700 Stated Purchase Owner Occupied Condominium 1103654139 5.843 1,990.63 Yes 1YP 38.96 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 772 Stated Cash Out Refinance Owner Occupied SFR 1103654145 5.093 1,329.17 Yes 3YP 25.12 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.500 3.000 769 Full Rate/Term Refinance Owner Occupied SFR 1103654154 4.968 2,302.69 Yes 3YP 31.42 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.250 0.000 759 Full Cash Out Refinance Owner Occupied PUD 1103654164 5.468 2,576.00 Yes 3YP 41.28 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 726 Full Cash Out Refinance Owner Occupied SFR 1103654170 7.0425 2632.33 Yes 3YP 42.45 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.450 3.000 699 Stated Purchase Owner Occupied SFR 1103654175 6.583 1,284.41 Yes 3YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.990 6.990 668 Express No Doc Cash Out Refinance Owner Occupied SFR 1103654179 5.3425 1643.54 No NO 49.01 3/6 LIBOR IO 60 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 11.750 3.000 700 SISA Purchase Owner Occupied SFR 1103654181 5.468 1,282.71 No NO 32.00 7/6 LIBOR IO 60 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 11.875 3.000 715 Full Cash Out Refinance Investor SFR 1103654186 5.393 2,281.33 Yes 2YP 30.14 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.800 3.000 706 Stated Cash Out Refinance Owner Occupied SFR 1103654188 6.343 2,896.88 Yes 3YP 40.03 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.750 2.500 679 Stated Cash Out Refinance Owner Occupied SFR 1103654193 5.343 1,359.88 Yes 1YP 25.79 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.750 3.000 717 Stated Rate/Term Refinance Owner Occupied SFR 1103654194 5.843 2,276.04 Yes 3YP 41.43 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 720 Stated Rate/Term Refinance Owner Occupied SFR 1103654232 5.843 1,215.22 Yes 3YP 37.25 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 746 Full Cash Out Refinance Investor 2-FAMILY 1103654251 7.3425 1710.79 No NO 46.61 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.750 3.000 643 Stated Purchase Owner Occupied SFR 1103654288 6.093 818.53 No NO 43.09 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.500 2.500 693 Stated Cash Out Refinance Owner Occupied SFR 1103654309 5.718 1,339.84 Yes 2YP 22.81 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.125 3.000 740 SISA Rate/Term Refinance Investor Condominium 1103654343 5.718 899.33 Yes 3YP 26.12 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 761 Full Cash Out Refinance Owner Occupied SFR 1103654355 5.8425 3312.5 Yes 1YP 40.62 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 724 Stated Purchase Owner Occupied SFR 1103654356 5.8425 2020.83 Yes 1YP 46.36 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 712 Full Purchase Owner Occupied SFR 1103654375 6.093 979.48 No NO 40.61 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 680 Stated Rate/Term Refinance Owner Occupied SFR 1103654408 6.018 3,395.07 No NO 1.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.300 0.000 742 Express Verified Assets Rate/Term Refinance Owner Occupied D-PUDS 1103654416 5.968 468.75 Yes 3YP 15.96 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 764 Stated Cash Out Refinance Owner Occupied SFR 1103654433 6.843 3,035.94 Yes 1YP 48.83 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 13.250 2.500 717 Stated Cash Out Refinance Investor SFR 1103654467 5.593 4,300.00 No NO 36.92 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 741 Full Rate/Term Refinance Owner Occupied D-PUDS 1103654472 6.218 1,787.50 Yes 2YP 33.94 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 659 Full Cash Out Refinance Owner Occupied 2-FAMILY 1103654482 4.968 694.27 Yes 3YP 51.13 3/6 LIBOR IO 120 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 11.375 3.000 740 Full Cash Out Refinance Owner Occupied SFR 1103654489 5.968 1,847.15 Yes 2YP 27.20 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 753 Full Cash Out Refinance Owner Occupied PUD 1103654504 6.093 1,105.00 Yes 2YP 39.36 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 692 Stated Rate/Term Refinance Owner Occupied SFR 1103654507 6.218 2,502.99 Yes 3YP 43.38 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 735 Stated Cash Out Refinance Owner Occupied SFR 1103654516 6.093 1,075.21 Yes 2YP 20.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 754 Stated Rate/Term Refinance Investor D-PUDS 1103654522 5.843 1,869.79 Yes 3YP 49.82 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 718 Stated Rate/Term Refinance Owner Occupied Condominium 1103654534 5.343 1,078.13 Yes 3YP 31.58 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 763 Full Rate/Term Refinance Owner Occupied Condominium 1103654536 5.968 1,293.01 Yes 3YP 28.78 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 761 Stated Cash Out Refinance Owner Occupied SFR 1103654539 5.093 4,485.53 Yes 3YP 43.83 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.500 3.000 803 Full Rate/Term Refinance Owner Occupied SFR 1103654546 7.093 3,125.00 Yes 3YP 39.83 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.500 3.000 668 Stated Rate/Term Refinance Investor SFR 1103654548 6.093 1,841.67 Yes 3YP 49.79 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.500 2.500 721 Stated Rate/Term Refinance Owner Occupied D-PUDS 1103654580 5.843 3,906.25 No NO 25.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 704 Stated Cash Out Refinance Second Home D-PUDS 1103654583 5.968 1,562.50 Yes 3YP 39.76 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 707 Stated Cash Out Refinance Owner Occupied SFR 1103654619 5.343 1,293.75 Yes 2YP 29.33 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 2.500 3.000 1.000 6.000 11.750 2.500 706 Stated Cash Out Refinance Owner Occupied Condominium 1103654622 5.968 2,526.04 Yes 3YP 44.26 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 677 Stated Cash Out Refinance Owner Occupied SFR 1103654631 6.843 1,628.23 Yes 2YP 33.91 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.250 7.250 651 Stated Cash Out Refinance Investor SFR 1103654636 5.8425 2083.33 No NO 1.00 3/6 LIBOR IO 60 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 12.250 3.000 736 Express Non-Verified Assets Purchase Owner Occupied D-PUDS 1103654637 5.468 4,201.72 Yes 3YP 42.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 789 Full Rate/Term Refinance Owner Occupied SFR 1103654644 5.593 1,780.00 Yes 2YP 33.81 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.000 3.000 773 Full Cash Out Refinance Owner Occupied SFR 1103654688 5.968 2,339.73 Yes 2YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 796 Express Verified Assets Rate/Term Refinance Owner Occupied D-PUDS 1103654691 6.593 1,145.68 Yes 3YP 42.33 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 691 Stated Cash Out Refinance Owner Occupied SFR 1103654727 5.593 1,677.01 Yes 3YP 18.74 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 698 Stated Cash Out Refinance Owner Occupied SFR 1103654743 4.8425 1575 Yes 3YP 45.32 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.250 3.000 801 Full Purchase Owner Occupied SFR 1103654747 5.043 2,043.75 Yes 3YP 38.05 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.450 3.000 695 Stated Cash Out Refinance Owner Occupied SFR 1103654762 6.633 3,246.96 Yes 3YP 1.00 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 7.695 0.000 662 Express Verified Assets Rate/Term Refinance Investor HI-RISE 1103654772 7.5825 2130.67 Yes 2YP 49.30 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.990 3.000 669 Stated Purchase Owner Occupied D-PUDS 1103654798 5.843 2,126.64 Yes 3YP 25.88 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 728 Stated Cash Out Refinance Owner Occupied 2-FAMILY 1103654813 6.0925 3271.67 Yes 1YP 33.34 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 746 Stated Purchase Owner Occupied SFR 1103654822 5.4675 1782.08 Yes 3YP 43.72 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 703 Stated Purchase Owner Occupied Condominium 1103654829 5.968 2,215.31 No NO 0.00 7/6 LIBOR IO 60 LIBOR 6 6 20140301 20140401 83 3.000 3.000 1.000 6.000 12.375 3.000 696 Express No Doc Cash Out Refinance Owner Occupied SFR 1103654832 5.718 3,645.46 Yes 3YP 35.35 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 685 Full Rate/Term Refinance Investor 2-FAMILY 1103654837 9.8475 1219.2 Yes 1YP 46.02 2/6 LIBOR LIBOR 6 6 20090301 20090401 23 7.150 3.000 1.000 6.000 16.255 10.255 618 Stated Purchase Owner Occupied SFR 1103654858 6.218 2,173.83 Yes 3YP 48.46 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.625 3.000 690 Stated Rate/Term Refinance Investor Condominium 1103654873 5.593 5,491.50 Yes 3YP 46.43 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 684 Full Rate/Term Refinance Owner Occupied SFR 1103654878 5.593 2,130.00 Yes 3YP 40.27 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.000 3.000 698 Stated Rate/Term Refinance Owner Occupied SFR 1103654884 6.0925 2589.17 Yes 3YP 48.72 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 724 Stated Purchase Owner Occupied 3-FAMILY 1103654886 7.218 2,865.73 Yes 3YP 32.96 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.625 3.000 706 Stated Rate/Term Refinance Investor SFR 1103654901 5.343 1,586.04 Yes 3YP 22.30 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.750 3.000 753 Full Cash Out Refinance Owner Occupied SFR 1103654905 6.3425 852.19 Yes 2YP 18.67 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 729 Stated Purchase Investor SFR 1103654911 5.718 2,338.25 Yes 2YP 43.89 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 765 SISA Cash Out Refinance Owner Occupied Condominium 1103654936 4.968 985.42 Yes 3YP 28.84 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 11.375 3.000 718 Full Cash Out Refinance Owner Occupied 2-FAMILY 1103654939 5.8425 10416.15 Yes 2YP 37.78 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 780 Stated Purchase Owner Occupied D-PUDS 1103654942 6.583 3,343.55 Yes 3YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.990 3.000 654 Express Verified Assets Cash Out Refinance Investor 2-FAMILY 1103654944 6.093 1,755.00 No NO 38.95 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 705 Full Rate/Term Refinance Owner Occupied SFR 1103654960 6.0925 2158 Yes 3YP 43.19 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.500 2.500 670 Stated Purchase Owner Occupied SFR 1103654975 6.343 3,141.98 No NO 40.75 25YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 775 Full Cash Out Refinance Owner Occupied SFR 1103654979 6.093 3,337.70 No NO 49.56 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 732 Full Cash Out Refinance Owner Occupied SFR 1103654980 6.2175 2473.33 Yes 3YP 43.04 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.625 3.000 735 Stated Purchase Owner Occupied SFR 1103654985 6.5925 1890 No NO 44.48 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.500 3.000 1.000 6.000 13.000 2.500 695 Stated Purchase Owner Occupied SFR 1103654987 6.343 1,035.00 No NO 38.34 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.750 3.000 757 Full Rate/Term Refinance Owner Occupied SFR 1103654992 6.5925 873.83 No NO 23.68 3/6 LIBOR IO 60 LIBOR 6 6 20100301 20100401 35 4.500 3.000 1.000 6.000 13.000 7.000 759 Stated Purchase Investor SFR 1103655013 5.843 1,093.75 No NO 30.44 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 725 Full Rate/Term Refinance Investor SFR 1103655056 5.843 1,378.13 Yes 6MP 33.54 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 725 Full Rate/Term Refinance Investor 2-FAMILY 1103655063 5.718 2,521.46 No NO 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 12.125 2.750 693 Express No Doc Cash Out Refinance Owner Occupied SFR 1103655080 6.5925 1053.84 Yes 3YP 43.81 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.000 3.000 695 Stated Purchase Owner Occupied SFR 1103655105 5.718 1,375.57 Yes 3YP 44.28 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 12.125 3.000 717 Stated Rate/Term Refinance Owner Occupied SFR 1103655111 5.843 2,734.38 Yes 1YP 31.62 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 662 Stated Rate/Term Refinance Owner Occupied 2-FAMILY 1103655133 6.218 1,733.33 No NO 50.39 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 685 Full Cash Out Refinance Owner Occupied SFR 1103655137 5.9675 1491.75 Yes 3YP 48.21 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.375 3.000 662 Stated Purchase Owner Occupied SFR 1103655142 5.968 1,317.63 Yes 3YP 52.80 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 707 Stated Rate/Term Refinance Investor SFR 1103655143 7.093 873.01 Yes 3YP 39.12 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.375 0.000 665 Full Cash Out Refinance Owner Occupied SFR 1103655149 6.0925 1607.67 Yes 3YP 46.17 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 5.500 3.000 1.000 6.000 12.500 5.500 700 Stated Purchase Owner Occupied SFR 1103655159 5.968 985.15 Yes 3YP 25.41 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 718 Full Cash Out Refinance Owner Occupied SFR 1103655161 7.4675 1874.25 Yes 3YP 36.61 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.250 3.000 1.000 6.000 13.875 3.250 723 Stated Purchase Owner Occupied SFR 1103655170 6.843 2,345.31 No NO 1.00 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.125 0.000 695 Express Verified Assets Rate/Term Refinance Investor SFR 1103655209 6.0925 890.5 Yes 3YP 49.56 3/6 LIBOR IO 60 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 12.500 3.000 708 Stated Purchase Owner Occupied Condominium 1103655274 5.843 2,254.17 Yes 3YP 37.92 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 729 Stated Rate/Term Refinance Owner Occupied SFR 1103655312 6.093 1,733.33 Yes 1YP 43.72 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 647 Full Cash Out Refinance Owner Occupied SFR 1103655330 5.968 738.28 Yes 3YP 42.42 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 702 Full Rate/Term Refinance Owner Occupied SFR 1103655336 7.618 747.21 No NO 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.900 0.000 660 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103655338 5.848 924.06 Yes 3YP 22.77 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.130 0.000 723 Full Rate/Term Refinance Owner Occupied SFR 1103655346 5.843 1,562.50 Yes 2YP 42.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 774 Stated Cash Out Refinance Investor SFR 1103655353 6.8425 1318.29 Yes 1YP 38.13 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.250 3.000 752 Stated Purchase Investor SFR 1103655373 6.218 1,542.68 Yes 3YP 53.05 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 653 Stated Cash Out Refinance Owner Occupied SFR 1103655379 5.9675 1347.25 Yes 1YP 43.56 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.375 3.000 744 Stated Purchase Owner Occupied SFR 1103655390 5.968 3,232.52 Yes 2YP 40.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 694 Stated Cash Out Refinance Owner Occupied SFR 1103655392 5.968 5,169.06 Yes 1YP 35.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 708 Stated Rate/Term Refinance Owner Occupied SFR 1103655427 6.468 2,360.90 No NO 39.26 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 746 SISA Rate/Term Refinance Owner Occupied SFR 1103655438 5.968 1,539.29 Yes 3YP 23.77 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 736 Full Cash Out Refinance Owner Occupied SFR 1103655456 5.593 1,000.00 Yes 3YP 25.78 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.000 3.000 771 Stated Rate/Term Refinance Investor PUD 1103655471 7.343 2,480.00 Yes 2YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.750 3.000 643 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103655477 7.0925 1347.73 Yes 2YP 49.40 2/6 LIBOR 40/30 BAL LIBOR 6 6 20090301 20090401 23 4.620 3.000 1.000 6.000 13.500 7.500 724 Stated Purchase Owner Occupied SFR 1103655478 5.593 3,038.75 Yes 1YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 752 Express Non-Verified Assets Rate/Term Refinance Owner Occupied SFR 1103655514 5.968 1,126.25 Yes 3YP 40.93 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.375 3.000 701 Stated Cash Out Refinance Owner Occupied SFR 1103655517 5.968 3,250.99 No NO 33.18 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 784 Full Cash Out Refinance Owner Occupied SFR 1103655520 5.9675 3385.42 No NO 38.51 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 764 Full Purchase Owner Occupied D-PUDS 1103655533 6.093 3,160.34 Yes 3YP 36.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 725 Full Rate/Term Refinance Owner Occupied D-PUDS 1103655534 5.708 2,376.03 Yes 3YP 32.50 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 5.990 0.000 643 Full Cash Out Refinance Owner Occupied SFR 1103655535 5.718 1,592.50 Yes 3YP 43.85 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 693 Stated Cash Out Refinance Owner Occupied SFR 1103655556 6.093 2,175.47 Yes 2YP 44.00 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 706 SISA Cash Out Refinance Investor SFR 1103655563 6.093 2,085.42 Yes 3YP 44.67 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 628 Stated Cash Out Refinance Owner Occupied SFR 1103655568 5.843 2,541.88 Yes 3YP 36.56 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 706 Stated Cash Out Refinance Owner Occupied SFR 1103655580 5.468 2,423.44 Yes 3YP 33.37 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 677 Stated Rate/Term Refinance Investor SFR 1103655594 5.7175 2997.75 No NO 38.10 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 801 Full Purchase Owner Occupied D-PUDS 1103655600 5.3425 4695.83 No NO 47.58 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.750 3.000 786 Full Purchase Owner Occupied SFR 1103655601 6.3425 711 Yes 2YP 36.99 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.250 3.000 1.000 6.000 12.750 2.250 733 Stated Purchase Owner Occupied HI-RISE 1103655612 5.718 1,678.74 No NO 40.59 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 736 Full Cash Out Refinance Owner Occupied SFR 1103655619 5.3425 2381.46 Yes 1YP 37.26 3/6 LIBOR IO 60 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 11.750 3.000 696 Stated Purchase Owner Occupied SFR 1103655632 7.0925 2005.35 No NO 44.34 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.500 3.000 664 Stated Purchase Owner Occupied SFR 1103655644 5.968 1,657.50 Yes 3YP 32.65 7/6 LIBOR IO 120 LIBOR 6 6 20140301 20140401 83 3.000 3.000 1.000 6.000 12.375 3.000 702 Stated Cash Out Refinance Owner Occupied SFR 1103655652 5.718 4,583.54 No NO 39.75 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 12.125 3.000 786 Full Rate/Term Refinance Owner Occupied SFR 1103655655 6.593 2,406.25 No NO 34.73 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 691 Full Rate/Term Refinance Owner Occupied D-PUDS 1103655658 5.968 1,792.97 Yes 3YP 43.48 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.375 3.000 627 Stated Cash Out Refinance Owner Occupied SFR 1103655669 7.143 663.09 Yes 3YP 30.77 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 13.550 3.000 629 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103655672 13.8475 2567.32 No NO 34.35 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.380 0.000 646 Stated Purchase Owner Occupied D-PUDS 1103655683 9.2725 3098.81 No NO 46.77 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.875 3.000 1.000 6.000 16.500 3.875 704 SISA Purchase Investor D-PUDS 1103655684 13.968 642.89 Yes 3YP 49.76 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.500 0.000 654 Stated Rate/Term Refinance Investor 2-FAMILY 1103655692 5.843 10,152.08 Yes 1YP 39.73 3/6 LIBOR IO 60 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 12.250 3.000 700 Stated Cash Out Refinance Owner Occupied SFR 1103655694 5.468 1,104.50 Yes 3YP 43.68 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 685 Stated Cash Out Refinance Owner Occupied SFR 1103655695 6.0925 2742.19 Yes 1YP 44.19 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 723 Stated Purchase Investor 2-FAMILY 1103655700 5.843 1,731.77 Yes 3YP 48.82 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 639 Stated Rate/Term Refinance Owner Occupied SFR 1103655702 5.968 1,035.94 Yes 1YP 38.71 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 756 Stated Cash Out Refinance Investor D-PUDS 1103655708 5.968 1,668.59 No NO 40.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 706 Full Cash Out Refinance Owner Occupied D-PUDS 1103655719 6.218 2,549.63 Yes 2YP 34.60 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 780 Full Cash Out Refinance Owner Occupied SFR 1103655727 5.343 4,312.50 Yes 3YP 21.89 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 11.750 3.000 733 Full Cash Out Refinance Owner Occupied SFR 1103655738 5.593 2,360.00 No NO 39.40 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 2.500 3.000 1.000 6.000 12.000 2.500 761 Stated Cash Out Refinance Owner Occupied SFR 1103655748 5.343 2,878.28 No NO 47.54 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.625 0.000 726 Full Rate/Term Refinance Owner Occupied D-PUDS 1103655751 6.7175 2271.09 Yes 1YP 44.44 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.125 3.000 723 Stated Purchase Owner Occupied SFR 1103655755 5.968 677.34 Yes 1YP 38.71 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 756 Stated Cash Out Refinance Investor D-PUDS 1103655776 5.343 1,437.50 Yes 6MP 42.27 3/6 LIBOR IO 120 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 11.750 3.000 695 Stated Cash Out Refinance Investor SFR 1103655782 5.843 2,891.51 Yes 1YP 24.01 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 775 Full Rate/Term Refinance Owner Occupied SFR 1103655792 7.093 4,400.42 Yes 3YP 31.89 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.375 0.000 664 Stated Rate/Term Refinance Owner Occupied SFR 1103655794 5.8425 3587.33 Yes 3YP 34.80 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 781 Full Purchase Owner Occupied D-PUDS 1103655803 6.218 3,836.98 Yes 3YP 31.50 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.625 3.000 622 Stated Cash Out Refinance Owner Occupied SFR 1103655826 5.343 3,258.22 Yes 3YP 44.22 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.625 0.000 769 Full Cash Out Refinance Owner Occupied SFR 1103655827 5.968 5,071.05 Yes 3YP 44.04 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 695 Stated Rate/Term Refinance Owner Occupied SFR 1103655833 6.593 6,562.50 Yes 1YP 36.32 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.000 3.000 686 Stated Rate/Term Refinance Owner Occupied D-PUDS 1103655874 5.593 1,480.99 No NO 43.34 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 717 Full Cash Out Refinance Owner Occupied SFR 1103655891 6.218 1,191.67 Yes 3YP 23.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 748 Stated Cash Out Refinance Second Home D-PUDS 1103655895 6.5925 3033.33 Yes 3YP 44.62 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.000 3.000 700 Stated Purchase Owner Occupied SFR 1103655913 9.273 1,316.73 Yes 2YP 48.84 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.625 3.000 1.000 6.000 16.650 3.625 689 Stated Cash Out Refinance Investor SFR 1103655918 5.2175 1828.13 Yes 3YP 40.67 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.625 3.000 715 Stated Purchase Owner Occupied SFR 1103655925 6.218 1,343.14 Yes 3YP 25.54 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 653 Stated Cash Out Refinance Owner Occupied SFR 1103655928 5.093 2,924.17 Yes 3YP 43.96 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.500 3.000 703 Stated Rate/Term Refinance Owner Occupied SFR 1103655932 5.0925 1127.5 Yes 3YP 13.60 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.500 3.000 773 Full Purchase Owner Occupied D-PUDS 1103655939 5.343 2,096.35 Yes 1YP 41.33 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 4.500 3.000 1.000 6.000 11.750 4.500 720 Full Rate/Term Refinance Owner Occupied SFR 1103655950 5.843 1,166.67 Yes 3YP 40.80 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 2.500 3.000 1.000 6.000 12.250 2.500 709 SISA Cash Out Refinance Owner Occupied SFR 1103655959 6.718 2,805.47 Yes 1YP 39.35 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.125 3.000 626 Full Cash Out Refinance Owner Occupied 2-FAMILY 1103655978 5.968 1,559.67 Yes 3YP 30.01 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 755 Stated Cash Out Refinance Owner Occupied Condominium 1103656001 5.843 1,380.21 Yes 3YP 45.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 729 Stated Rate/Term Refinance Investor SFR 1103656015 5.4675 1153.5 Yes 3YP 36.96 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 720 Stated Purchase Investor Condominium 1103656038 8.3425 2654.17 No NO 37.63 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.750 3.000 718 Stated Purchase Investor SFR 1103656048 5.3425 1391.98 No NO 32.81 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.750 3.000 770 Full Purchase Owner Occupied D-PUDS 1103656056 5.468 1,419.79 No NO 28.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 751 Full Cash Out Refinance Owner Occupied SFR 1103656076 5.843 616.15 No NO 26.59 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 2.500 3.000 1.000 6.000 12.250 2.500 760 Full Rate/Term Refinance Owner Occupied Condominium 1103656103 5.718 893.23 No NO 29.73 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.125 3.000 769 Stated Cash Out Refinance Owner Occupied SFR 1103656108 6.4675 2772.92 Yes 2YP 46.90 3/6 LIBOR IO 120 LIBOR 6 6 20100401 20100501 36 2.500 3.000 1.000 6.000 12.875 2.500 705 Stated Purchase Owner Occupied SFR 1103656109 6.093 1,207.92 Yes 3YP 44.57 3/6 LIBOR IO 60 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 12.500 3.000 643 Stated Cash Out Refinance Investor PUD 1103656134 7.843 2,654.17 No NO 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.125 0.000 733 Express No Doc Cash Out Refinance Owner Occupied SFR 1103656140 6.468 4,540.19 No NO 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 748 Express No Doc Cash Out Refinance Investor 3-FAMILY 1103656141 6.5925 2732.82 No NO 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 676 Express Verified Assets Purchase Owner Occupied PUD 1103656142 6.8425 2436.17 No NO 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.125 0.000 639 Express Verified Assets Purchase Owner Occupied 2-FAMILY 1103656145 6.468 5,513.08 No NO 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 748 Express No Doc Cash Out Refinance Investor 3-FAMILY 1103656146 5.9675 714.23 No NO 47.20 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 790 SISA Purchase Second Home SFR 1103656164 6.218 1,407.81 No NO 45.10 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.625 2.500 750 Stated Rate/Term Refinance Investor Condominium 1103656181 6.7175 1211.25 Yes 3YP 31.08 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.125 3.000 720 Stated Purchase Investor 2-FAMILY 1103656207 5.548 1,218.69 Yes 3YP 34.32 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.290 0.000 773 Full Rate/Term Refinance Owner Occupied D-PUDS 1103656229 5.843 2,098.69 Yes 3YP 37.35 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 774 Stated Cash Out Refinance Owner Occupied SFR 1103656234 6.4675 1842.5 Yes 3YP 42.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.875 3.000 786 Stated Purchase Owner Occupied SFR 1103656238 6.093 1,083.33 Yes 2YP 31.01 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 651 Full Cash Out Refinance Owner Occupied SFR 1103656247 5.843 2,812.50 Yes 1YP 22.10 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 740 Stated Cash Out Refinance Owner Occupied SFR 1103656250 6.393 1,360.00 Yes 3YP 44.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.800 3.000 695 Stated Cash Out Refinance Owner Occupied SFR 1103656255 6.3425 2425.5 Yes 3YP 44.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.750 3.000 778 Stated Purchase Owner Occupied SFR 1103656270 5.468 1,985.26 Yes 3YP 31.34 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 771 SISA Cash Out Refinance Owner Occupied SFR 1103656280 5.718 2,638.02 No NO 41.99 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 734 Full Cash Out Refinance Owner Occupied D-PUDS 1103656297 6.093 1,760.42 Yes 3YP 42.89 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 668 Stated Cash Out Refinance Owner Occupied SFR 1103656341 5.843 1,781.25 Yes 1YP 37.59 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 620 Stated Cash Out Refinance Owner Occupied SFR 1103656391 6.3425 1134 Yes 1YP 28.58 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 6.750 746 Stated Purchase Investor SFR 1103656405 6.843 2,270.84 Yes 2YP 1.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.250 3.000 607 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103656415 5.7175 2388.75 Yes 3YP 37.49 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.125 3.000 722 Stated Purchase Owner Occupied Condominium 1103656427 6.968 3,142.57 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.375 3.000 635 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103656430 5.593 2,440.00 Yes 1YP 40.02 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 732 Stated Cash Out Refinance Owner Occupied SFR 1103656441 5.243 1,619.67 Yes 3YP 45.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.650 3.000 784 Stated Rate/Term Refinance Owner Occupied D-PUDS 1103656442 6.4675 429.69 Yes 1YP 49.84 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 778 Stated Purchase Investor SFR 1103656446 5.843 1,054.69 Yes 3YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.250 2.500 681 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103656467 5.343 2,951.67 Yes 3YP 1.00 3/6 LIBOR IO 120 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 11.750 3.000 716 Express Verified Assets Cash Out Refinance Owner Occupied 2-FAMILY 1103656469 5.593 3,435.00 Yes 3YP 34.51 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.000 3.000 682 Stated Cash Out Refinance Owner Occupied SFR 1103656471 6.2175 1056.82 Yes 3YP 41.20 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 660 Full Purchase Owner Occupied SFR 1103656473 5.343 2,491.67 Yes 3YP 40.35 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.750 3.000 708 Full Cash Out Refinance Owner Occupied SFR 1103656485 5.8425 1595.94 Yes 3YP 29.84 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 639 Stated Purchase Owner Occupied SFR 1103656490 5.808 1,915.78 Yes 2YP 47.16 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 4.375 3.000 1.000 6.000 13.625 4.375 632 Stated Rate/Term Refinance Owner Occupied SFR 1103656520 5.468 2,374.48 Yes 3YP 0.00 7/6 LIBOR IO 120 LIBOR 6 6 20140301 20140401 83 3.000 3.000 1.000 6.000 11.875 3.000 688 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103656534 6.468 2,578.13 Yes 3YP 34.35 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 4.500 3.000 1.000 6.000 12.875 4.500 656 Stated Cash Out Refinance Owner Occupied Condominium 1103656544 5.033 589.33 No NO 23.75 3/6 LIBOR IO 60 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 11.440 3.000 723 Full Cash Out Refinance Owner Occupied SFR 1103656547 7.273 1,372.56 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.625 3.000 1.000 6.000 14.250 3.625 762 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103656568 5.093 5,268.03 Yes 3YP 44.08 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.375 0.000 683 Stated Rate/Term Refinance Owner Occupied SFR 1103656569 6.343 2,345.63 Yes 3YP 42.93 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 737 Stated Cash Out Refinance Owner Occupied SFR 1103656570 6.218 1,620.67 Yes 3YP 49.31 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 705 Full Rate/Term Refinance Owner Occupied D-PUDS 1103656572 6.3425 2062.69 Yes 3YP 44.94 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 661 Stated Purchase Owner Occupied SFR 1103656583 5.593 2,124.50 Yes 3YP 54.26 7/6 LIBOR IO 60 LIBOR 6 6 20140301 20140401 83 3.000 3.000 1.000 6.000 12.000 3.000 690 Full Cash Out Refinance Owner Occupied PUD 1103656594 6.093 2,621.67 Yes 2YP 43.97 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 727 Stated Cash Out Refinance Owner Occupied 2-FAMILY 1103656613 5.343 1,907.08 Yes 3YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.750 3.000 744 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103656618 6.968 795.89 Yes 3YP 29.50 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.375 3.000 643 Stated Rate/Term Refinance Investor D-PUDS 1103656623 7.8725 1147.5 Yes 3YP 32.78 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 15.000 3.625 700 Stated Purchase Investor SFR 1103656626 6.093 948.10 Yes 2YP 37.37 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 651 Stated Cash Out Refinance Owner Occupied SFR 1103656631 5.593 1,425.00 Yes 3YP 42.16 3/6 LIBOR IO 120 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 12.000 3.000 673 FISA Cash Out Refinance Owner Occupied SFR 1103656646 6.5825 1080.54 Yes 1YP 42.21 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.990 3.000 759 Stated Purchase Investor Condominium 1103656655 5.593 1,490.00 Yes 1YP 41.65 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.000 2.500 746 SISA Cash Out Refinance Owner Occupied SFR 1103656679 7.7175 1650.39 No NO 38.22 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 14.125 3.000 686 Stated Purchase Investor 2-FAMILY 1103656681 6.218 2,604.12 Yes 3YP 43.47 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 633 Full Cash Out Refinance Owner Occupied SFR 1103656695 6.593 1,303.39 Yes 3YP 53.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 672 Full Cash Out Refinance Investor SFR 1103656739 6.7175 1306.25 Yes 3YP 44.28 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.125 3.000 703 SISA Purchase Owner Occupied D-PUDS 1103656742 7.5925 527.85 No NO 43.49 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.875 0.000 746 Stated Purchase Investor SFR 1103656750 5.468 3,363.44 Yes 3YP 45.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 757 Stated Cash Out Refinance Owner Occupied D-PUDS 1103656761 5.468 2,619.27 No NO 40.64 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 733 Stated Cash Out Refinance Owner Occupied SFR 1103656788 6.468 583.74 No NO 23.61 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 677 Full Cash Out Refinance Owner Occupied SFR 1103656798 6.4675 665.44 Yes 2YP 31.28 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 12.875 3.000 711 Stated Purchase Investor Condominium 1103656804 6.343 2,025.00 Yes 2YP 44.22 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 2.500 3.000 1.000 6.000 12.750 2.500 682 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103656807 5.468 3,066.67 Yes 3YP 37.27 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 716 Stated Rate/Term Refinance Owner Occupied SFR 1103656818 6.343 3,583.02 No NO 37.34 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 770 Stated Cash Out Refinance Owner Occupied SFR 1103656819 5.843 1,822.83 No NO 36.18 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 653 Stated Cash Out Refinance Owner Occupied SFR 1103656820 5.5925 2756.86 No NO 50.11 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 784 Full Purchase Owner Occupied PUD 1103656821 5.718 4,177.09 No NO 39.65 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 804 Stated Rate/Term Refinance Owner Occupied SFR 1103656822 5.4675 2711.28 No NO 48.69 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 765 Full Purchase Owner Occupied PUD 1103656823 6.2175 2356.25 No NO 53.83 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 787 Alternative Purchase Owner Occupied SFR 1103656824 6.468 1,395.00 No NO 37.76 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 787 Stated Cash Out Refinance Owner Occupied Condominium 1103656825 6.0925 1207.27 No NO 32.47 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 674 Full Purchase Second Home SFR 1103656828 6.2175 3628.07 No NO 31.71 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 780 Full Purchase Owner Occupied PUD 1103656829 5.968 4,002.16 No NO 36.10 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 778 Full Cash Out Refinance Owner Occupied SFR 1103656830 5.968 1,639.35 No NO 21.11 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 698 Stated Cash Out Refinance Owner Occupied Condominium 1103656831 5.9675 2672.21 No NO 48.15 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 799 Stated Purchase Owner Occupied SFR 1103656832 5.9675 2655.28 No NO 37.36 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 764 Stated Purchase Owner Occupied SFR 1103656833 6.093 3,194.21 No NO 54.91 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 706 Alternative Cash Out Refinance Owner Occupied SFR 1103656836 6.093 2,496.88 No NO 47.69 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 799 Full Rate/Term Refinance Owner Occupied SFR 1103656837 6.093 1,122.97 No NO 44.74 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 760 Stated Cash Out Refinance Owner Occupied SFR 1103656838 5.9675 1748.64 No NO 39.73 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 768 Stated Purchase Owner Occupied SFR 1103656839 6.093 2,964.38 No NO 37.24 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 801 Stated Cash Out Refinance Owner Occupied SFR 1103656840 6.593 3,941.57 No NO 52.55 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 702 Stated Cash Out Refinance Owner Occupied PUD 1103656841 5.843 1,519.03 No NO 34.38 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 673 Stated Cash Out Refinance Owner Occupied PUD 1103656842 6.468 3,372.71 No NO 42.61 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 699 Stated Cash Out Refinance Owner Occupied SFR 1103656843 5.968 3,441.86 No NO 47.98 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 685 Full Cash Out Refinance Owner Occupied SFR 1103656844 6.468 2,643.75 No NO 29.50 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 749 Stated Cash Out Refinance Owner Occupied SFR 1103656845 5.9675 4433.16 No NO 43.40 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 770 Full Purchase Owner Occupied PUD 1103656860 6.093 2,688.88 No NO 39.73 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 762 SISA Rate/Term Refinance Owner Occupied SFR 1103656867 6.0925 573.27 No NO 45.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 751 SISA Purchase Owner Occupied SFR 1103656870 5.718 1,312.00 No NO 53.09 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 758 Full Rate/Term Refinance Owner Occupied SFR 1103656878 5.968 2,500.00 No NO 49.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 681 Full Cash Out Refinance Owner Occupied SFR 1103656882 6.968 2,940.78 Yes 1YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.375 3.000 739 Express No Doc Cash Out Refinance Owner Occupied D-PUDS 1103656886 5.843 1,109.38 Yes 3YP 34.94 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 680 Stated Rate/Term Refinance Investor SFR 1103656897 5.4675 3781.11 Yes 2YP 40.69 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 753 Full Purchase Owner Occupied SFR 1103656900 5.468 3,909.94 Yes 3YP 32.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 791 Full Rate/Term Refinance Owner Occupied SFR 1103656911 5.593 1,123.92 Yes 3YP 42.78 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 753 Full Cash Out Refinance Investor SFR 1103656912 5.343 2,129.93 Yes 3YP 1.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.625 0.000 767 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103656925 5.4675 1733.28 Yes 2YP 36.44 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 782 Full Purchase Owner Occupied D-PUDS 1103656947 6.218 2,161.79 Yes 3YP 44.09 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 682 Stated Cash Out Refinance Owner Occupied SFR 1103656952 6.093 1,785.59 No NO 40.85 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 696 Stated Rate/Term Refinance Owner Occupied SFR 1103657001 5.843 1,994.79 No NO 39.28 7/6 LIBOR IO 120 LIBOR 6 6 20140301 20140401 83 3.000 3.000 1.000 6.000 12.250 3.000 773 Full Rate/Term Refinance Owner Occupied D-PUDS 1103657011 6.593 2,800.00 No NO 42.14 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 2.500 3.000 1.000 6.000 13.000 2.500 643 SISA Rate/Term Refinance Owner Occupied D-PUDS 1103657015 5.7175 2082.5 Yes 3YP 34.95 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.125 3.000 706 Stated Purchase Owner Occupied Condominium 1103657016 6.093 2,626.49 Yes 3YP 43.71 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 770 Stated Cash Out Refinance Owner Occupied SFR 1103657044 5.468 2,075.83 Yes 3YP 25.08 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 778 Full Cash Out Refinance Owner Occupied SFR 1103657053 5.718 945.29 Yes 1YP 36.67 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.125 3.000 770 Full Rate/Term Refinance Investor SFR 1103657072 5.343 1,360.83 No NO 45.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.750 3.000 745 Full Rate/Term Refinance Owner Occupied SFR 1103657075 7.468 3,018.75 No NO 42.11 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.875 3.000 671 Stated Rate/Term Refinance Owner Occupied SFR 1103657098 8.467 2,721.67 Yes 3YP 29.60 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 14.875 3.000 684 Stated Cash Out Refinance Investor 4-FAMILY 1103657101 6.5925 2543.33 Yes 3YP 42.96 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.000 3.000 668 Stated Purchase Owner Occupied D-PUDS 1103657105 5.9675 1253.75 No NO 50.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 2.500 3.000 1.000 6.000 12.375 2.500 696 Full Purchase Owner Occupied SFR 1103657119 5.343 2,567.72 Yes 3YP 44.47 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.750 3.000 725 Stated Cash Out Refinance Owner Occupied SFR 1103657120 7.343 1,278.75 Yes 3YP 39.06 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.750 3.000 711 Stated Cash Out Refinance Investor 2-FAMILY 1103657131 5.593 2,275.00 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.000 2.500 649 Express Verified Assets Cash Out Refinance Owner Occupied PUD 1103657135 5.593 1,678.73 Yes 3YP 39.34 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 788 Stated Cash Out Refinance Owner Occupied 2-FAMILY 1103657143 5.583 3,299.49 Yes 3YP 34.17 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.990 3.000 781 Stated Rate/Term Refinance Owner Occupied SFR 1103657154 5.968 832.73 Yes 1YP 38.71 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 756 Stated Cash Out Refinance Investor D-PUDS 1103657160 5.968 1,393.31 Yes 3YP 40.28 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 797 Full Rate/Term Refinance Owner Occupied SFR 1103657173 5.7175 793.19 Yes 1YP 34.26 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.125 3.000 785 Stated Purchase Investor SFR 1103657189 5.143 3,676.88 No NO 39.74 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.550 3.000 793 Full Rate/Term Refinance Owner Occupied SFR 1103657198 5.218 2,980.89 No NO 30.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.500 0.000 776 Full Rate/Term Refinance Owner Occupied SFR 1103657201 6.593 1,254.17 Yes 1YP 32.53 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 13.000 3.000 733 Full Cash Out Refinance Investor D-PUDS 1103657206 5.8425 642.58 No NO 37.14 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 12.250 2.750 766 Full Purchase Investor D-PUDS 1103657219 7.3825 904.56 No NO 35.73 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.500 3.000 1.000 6.000 14.470 3.500 794 Stated Purchase Second Home D-PUDS 1103657249 5.968 2,215.31 Yes 3YP 28.54 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 2.500 3.000 1.000 6.000 12.375 2.500 749 SISA Cash Out Refinance Investor SFR 1103657325 10.2525 1507.97 No NO 45.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 17.750 3.875 660 SISA Purchase Investor Condominium 1103657327 5.2175 660.47 Yes 1YP 46.97 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.625 3.000 796 Full Purchase Investor PUD 1103657332 7.668 1,402.14 No NO 47.41 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.950 0.000 624 FISA Cash Out Refinance Owner Occupied SFR 1103657380 7.0925 1287.5 Yes 3YP 43.49 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.500 7.500 671 Stated Purchase Owner Occupied SFR 1103657391 7.8425 1034.49 Yes 1YP 48.34 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.250 3.000 702 Stated Purchase Investor SFR 1103657405 7.598 1,512.02 Yes 2YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 14.625 3.625 712 Express Verified Assets Cash Out Refinance Owner Occupied D-PUDS 1103657413 7.018 2,075.37 Yes 3YP 45.17 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 8.250 0.000 633 SISA Cash Out Refinance Owner Occupied SFR 1103657414 5.968 1,036.46 Yes 1YP 47.78 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 633 Stated Cash Out Refinance Owner Occupied SFR 1103657415 5.1425 4040.4 Yes 3YP 27.37 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.550 3.000 780 Full Purchase Owner Occupied SFR 1103657434 5.668 873.91 Yes 3YP 39.97 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 5.950 0.000 692 Full Cash Out Refinance Owner Occupied SFR 1103657436 6.093 2,184.00 Yes 3YP 44.78 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 712 Stated Cash Out Refinance Owner Occupied SFR 1103657457 5.968 1,432.81 Yes 3YP 42.01 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 651 Stated Cash Out Refinance Owner Occupied SFR 1103657458 5.218 914.06 Yes 1YP 34.49 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.625 3.000 798 FISA Rate/Term Refinance Owner Occupied SFR 1103657464 6.093 1,386.67 Yes 3YP 43.48 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 12.500 2.750 673 Stated Cash Out Refinance Owner Occupied SFR 1103657466 5.593 1,732.70 Yes 2YP 39.75 7/6 LIBOR LIBOR 6 6 20140301 20140401 83 3.000 3.000 1.000 6.000 12.000 3.000 781 Full Rate/Term Refinance Owner Occupied SFR 1103657467 5.843 3,125.00 Yes 3YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 668 Express Verified Assets Rate/Term Refinance Owner Occupied D-PUDS 1103657491 6.3425 1800 No NO 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 12.750 2.750 807 Express No Doc Purchase Owner Occupied D-PUDS 1103657492 5.438 2,190.94 Yes 3YP 49.07 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.750 3.000 1.000 6.000 13.125 3.750 775 Stated Rate/Term Refinance Owner Occupied Condominium 1103657494 6.218 3,930.83 No NO 41.54 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.625 3.000 685 Stated Rate/Term Refinance Owner Occupied D-PUDS 1103657504 7.3925 2854.8 No NO 31.87 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.800 3.000 636 Stated Purchase Owner Occupied SFR 1103657517 5.093 3,974.52 Yes 1YP 36.73 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.500 3.000 784 Full Cash Out Refinance Owner Occupied SFR 1103657522 5.593 1,775.00 Yes 3YP 33.63 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 12.000 3.000 774 Stated Cash Out Refinance Owner Occupied D-PUDS 1103657537 5.288 2,036.72 Yes 3YP 45.34 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.875 3.875 678 Full Rate/Term Refinance Owner Occupied Condominium 1103657540 6.468 2,612.50 Yes 3YP 40.32 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 663 Stated Rate/Term Refinance Owner Occupied SFR 1103657542 7.0425 918.34 Yes 3YP 43.01 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.450 3.000 718 Stated Purchase Owner Occupied SFR 1103657547 5.718 1,071.88 Yes 1YP 46.72 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 12.125 3.000 796 Full Rate/Term Refinance Owner Occupied D-PUDS 1103657578 6.3425 1674 No NO 0.00 7/6 LIBOR IO 120 LIBOR 6 6 20140301 20140401 83 2.750 3.000 1.000 6.000 12.750 2.750 736 Express Verified Assets Purchase Owner Occupied HI-RISE 1103657590 5.968 2,852.81 No NO 34.19 7/6 LIBOR IO 60 LIBOR 6 6 20140301 20140401 83 3.000 3.000 1.000 6.000 12.375 3.000 678 Stated Cash Out Refinance Owner Occupied SFR 1103657592 5.968 2,999.22 No NO 46.82 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 789 Full Rate/Term Refinance Owner Occupied HI-RISE 1103657604 6.9675 1602.78 Yes 3YP 20.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.375 3.000 0 Full Purchase Second Home Condominium 1103657616 5.9675 1224.8 Yes 1YP 49.08 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 720 Stated Purchase Owner Occupied D-PUDS 1103657623 5.718 1,071.88 Yes 3YP 12.96 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.125 3.000 744 Stated Cash Out Refinance Investor Condominium 1103657625 5.468 1,615.62 No NO 24.02 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 726 Full Cash Out Refinance Owner Occupied SFR 1103657629 5.718 1,071.88 Yes 3YP 12.96 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.125 3.000 744 Stated Cash Out Refinance Investor Condominium 1103657631 5.468 2,203.12 Yes 3YP 44.89 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 11.875 3.000 737 Stated Rate/Term Refinance Owner Occupied D-PUDS 1103657637 5.968 2,282.25 Yes 3YP 28.28 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 715 Stated Rate/Term Refinance Investor SFR 1103657652 7.218 2,880.76 Yes 3YP 34.55 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.500 0.000 663 Stated Rate/Term Refinance Owner Occupied D-PUDS 1103657672 5.718 1,796.67 Yes 3YP 30.32 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.125 3.000 765 Stated Cash Out Refinance Owner Occupied SFR 1103657676 5.8425 1937.5 Yes 2YP 40.13 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.500 3.000 1.000 6.000 12.250 2.500 724 SISA Purchase Owner Occupied SFR 1103657683 5.468 2,085.62 Yes 1YP 39.71 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 781 Full Rate/Term Refinance Owner Occupied HI-RISE 1103657685 5.968 1,185.26 Yes 3YP 42.18 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 747 SISA Cash Out Refinance Owner Occupied SFR 1103657697 6.9675 1858.5 No NO 43.69 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.375 3.000 654 Full Purchase Owner Occupied Condominium 1103657711 5.343 996.67 Yes 3YP 48.17 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 712 Full Cash Out Refinance Owner Occupied SFR 1103657722 5.8425 1687.5 Yes 1YP 39.46 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 678 Stated Purchase Owner Occupied Condominium 1103657723 5.718 1,575.00 No NO 38.46 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 699 Full Rate/Term Refinance Owner Occupied SFR 1103657729 6.4675 2180.05 Yes 2YP 41.50 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 5.250 3.000 1.000 6.000 12.875 5.250 681 Stated Purchase Owner Occupied SFR 1103657735 6.408 966.92 Yes 3YP 27.43 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.690 0.000 632 Full Cash Out Refinance Owner Occupied SFR 1103657738 5.468 2,325.52 Yes 3YP 44.22 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 713 Full Cash Out Refinance Owner Occupied SFR 1103657754 5.343 2,826.47 Yes 3YP 32.50 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.625 0.000 778 Full Rate/Term Refinance Owner Occupied SFR 1103657767 6.8425 1249.42 Yes 1YP 49.24 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.250 3.000 658 Full Purchase Owner Occupied SFR 1103657781 5.843 754.59 Yes 3YP 49.00 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 612 Full Cash Out Refinance Investor SFR 1103657786 6.593 1,297.92 Yes 2YP 31.70 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 13.000 3.000 740 Stated Cash Out Refinance Investor SFR 1103657787 6.343 2,756.25 Yes 3YP 41.69 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.750 3.000 735 Stated Cash Out Refinance Owner Occupied SFR 1103657805 5.718 1,415.73 Yes 3YP 54.69 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.125 3.000 611 Stated Cash Out Refinance Owner Occupied SFR 1103657808 5.468 1,684.17 Yes 3YP 38.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 654 Stated Cash Out Refinance Owner Occupied SFR 1103657812 6.093 2,556.67 Yes 3YP 44.13 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 690 Stated Cash Out Refinance Owner Occupied SFR 1103657814 6.093 1,665.63 Yes 3YP 43.54 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.500 3.000 675 Stated Rate/Term Refinance Owner Occupied SFR 1103657833 6.4675 1631.67 Yes 3YP 49.78 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 4.000 3.000 1.000 6.000 12.875 4.000 719 Stated Purchase Owner Occupied SFR 1103657848 5.718 1,360.00 Yes 3YP 0.00 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 718 Express No Doc Cash Out Refinance Owner Occupied SFR 1103657853 6.343 2,805.47 No NO 48.69 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 713 Stated Rate/Term Refinance Owner Occupied SFR 1103657858 5.718 800.00 Yes 3YP 23.16 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 751 Stated Cash Out Refinance Owner Occupied SFR 1103657867 5.218 4,500.00 Yes 3YP 27.94 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.625 3.000 754 Stated Cash Out Refinance Owner Occupied SFR 1103657877 7.093 1,937.50 Yes 3YP 29.94 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.500 3.000 621 Stated Cash Out Refinance Owner Occupied SFR 1103657893 6.593 733.33 Yes 1YP 49.04 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 664 Full Rate/Term Refinance Owner Occupied SFR 1103657911 5.968 1,487.50 Yes 3YP 44.37 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 12.375 3.000 721 SISA Rate/Term Refinance Owner Occupied SFR 1103657924 6.343 1,125.00 Yes 3YP 31.83 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 707 Stated Cash Out Refinance Owner Occupied D-PUDS 1103657942 6.093 1,285.63 Yes 3YP 48.83 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 695 Stated Cash Out Refinance Owner Occupied SFR 1103657948 7.523 818.17 Yes 3YP 1.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.650 3.000 1.000 6.000 14.900 3.650 690 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103657955 6.468 2,108.33 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.875 3.000 680 Express No Doc Cash Out Refinance Owner Occupied SFR 1103657958 6.343 711.00 Yes 3YP 41.52 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 12.750 3.000 653 Stated Rate/Term Refinance Owner Occupied SFR 1103657967 5.468 787.74 Yes 2YP 1.00 3/6 LIBOR IO 120 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 11.875 3.000 737 Stated Cash Out Refinance Investor D-PUDS 1103657971 6.468 726.43 Yes 3YP 38.25 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 675 Full Cash Out Refinance Owner Occupied SFR 1103657974 6.718 1,077.95 Yes 3YP 41.87 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.125 3.000 675 Stated Cash Out Refinance Owner Occupied SFR 1103658003 6.9675 1355.16 Yes 2YP 37.45 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.375 7.375 694 Stated Purchase Investor D-PUDS 1103658030 6.9675 1284.17 Yes 2YP 36.61 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.375 7.375 683 Stated Purchase Investor D-PUDS 1103658037 5.593 2,700.00 Yes 1YP 34.07 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.000 3.000 779 Stated Cash Out Refinance Owner Occupied SFR 1103658041 7.468 1,511.63 Yes 3YP 36.57 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.750 0.000 626 Stated Cash Out Refinance Owner Occupied SFR 1103658044 6.843 1,563.28 No NO 39.70 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.250 3.000 762 Stated Cash Out Refinance Investor Condominium 1103658051 6.468 2,360.42 Yes 1YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.875 3.000 715 Express No Doc Rate/Term Refinance Owner Occupied SFR 1103658080 5.593 3,000.00 Yes 3YP 40.05 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 692 Stated Rate/Term Refinance Owner Occupied SFR 1103658087 6.468 744.79 Yes 3YP 0.00 7/6 LIBOR IO 120 LIBOR 6 6 20140301 20140401 83 2.500 3.000 1.000 6.000 12.875 2.500 641 Express Non-Verified Assets Cash Out Refinance Owner Occupied D-PUDS 1103658104 5.393 1,500.27 Yes 1YP 32.05 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.800 3.000 760 Full Cash Out Refinance Investor D-PUDS 1103658127 5.968 911.46 No NO 27.82 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 770 Stated Cash Out Refinance Owner Occupied SFR 1103658133 5.843 1,975.73 Yes 3YP 41.06 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 5.250 3.000 1.000 6.000 12.250 5.250 735 Stated Cash Out Refinance Owner Occupied SFR 1103658142 5.843 2,050.78 Yes 3YP 45.61 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 705 Stated Cash Out Refinance Investor SFR 1103658149 5.4675 1737.53 Yes 3YP 32.94 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 709 Full Purchase Investor HI-RISE 1103658170 5.543 2,380.00 Yes 3YP 39.51 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 11.950 3.000 687 Full Cash Out Refinance Owner Occupied SFR 1103658173 7.3425 697.5 Yes 1YP 45.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.750 3.000 745 Stated Purchase Investor SFR 1103658187 7.4675 2320.22 Yes 3YP 26.60 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.875 3.000 683 Stated Purchase Investor SFR 1103658189 4.968 2,583.58 Yes 1YP 43.07 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.375 3.000 751 Full Rate/Term Refinance Owner Occupied SFR 1103658200 6.8425 1060.1 No NO 25.51 2/6 LIBOR LIBOR 6 6 20090401 20090501 24 3.000 3.000 1.000 6.000 13.250 7.250 751 Full Purchase Investor SFR 1103658209 5.343 2,635.42 Yes 3YP 40.31 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 736 Stated Rate/Term Refinance Owner Occupied SFR 1103658228 6.093 1,567.19 Yes 3YP 31.78 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 727 Stated Rate/Term Refinance Owner Occupied SFR 1103658234 5.593 2,400.00 No NO 39.68 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 641 Stated Cash Out Refinance Owner Occupied D-PUDS 1103658240 5.468 4,960.37 Yes 3YP 37.15 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 783 Full Cash Out Refinance Owner Occupied SFR 1103658279 6.218 1,094.17 Yes 3YP 44.80 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 649 Full Rate/Term Refinance Owner Occupied SFR 1103658281 5.9675 1123.59 Yes 2YP 43.54 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 12.375 3.000 685 Stated Purchase Investor SFR 1103658291 6.093 2,454.38 No NO 35.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 733 Full Cash Out Refinance Owner Occupied D-PUDS 1103658295 7.8425 1942.46 Yes 3YP 34.99 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.250 3.000 681 Stated Purchase Owner Occupied SFR 1103658338 5.4675 4739.17 No NO 20.86 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 732 Full Purchase Owner Occupied Townhouse 1103658377 5.468 2,766.15 Yes 1YP 27.93 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 778 Stated Cash Out Refinance Investor SFR 1103658395 5.843 1,430.70 Yes 3YP 43.48 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 628 Stated Cash Out Refinance Owner Occupied SFR 1103658403 6.3425 4190.63 Yes 6MP 47.85 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 3.000 3.000 1.000 6.000 12.750 3.000 798 Stated Purchase Investor SFR 1103658418 5.968 2,083.33 No NO 28.57 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 807 Full Rate/Term Refinance Owner Occupied SFR 1103658423 6.593 2,330.37 Yes 2YP 31.46 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.000 3.000 617 Stated Cash Out Refinance Owner Occupied SFR 1103658481 5.218 2,439.84 No NO 28.81 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.625 3.000 800 Full Rate/Term Refinance Owner Occupied SFR 1103658503 5.5925 2280 Yes 2YP 42.17 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 2.750 3.000 1.000 6.000 12.000 2.750 691 Stated Purchase Owner Occupied SFR 1103658540 6.468 2,643.75 Yes 1YP 1.00 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 799 Express Verified Assets Cash Out Refinance Owner Occupied 2-FAMILY 1103658544 6.203 1,962.00 Yes 3YP 43.81 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.125 3.000 1.000 6.000 14.000 4.125 641 SISA Cash Out Refinance Owner Occupied SFR 1103658545 5.593 2,561.58 Yes 3YP 0.00 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 666 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103658555 5.8425 1473.44 No NO 42.62 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 702 Stated Purchase Owner Occupied SFR 1103658557 6.093 1,812.34 Yes 3YP 44.70 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 716 Stated Cash Out Refinance Owner Occupied SFR 1103658591 6.4675 3895.83 Yes 3YP 43.88 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 12.875 2.750 675 Stated Purchase Owner Occupied SFR 1103658599 6.593 2,263.33 Yes 3YP 39.00 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 3.500 3.000 1.000 6.000 13.000 3.500 656 Stated Cash Out Refinance Owner Occupied 2-FAMILY 1103658600 6.3425 1402.73 Yes 3YP 35.52 7/6 LIBOR IO 120 LIBOR 6 6 20140201 20140301 82 3.500 3.000 1.000 6.000 12.750 3.500 689 Stated Purchase Investor SFR 1103658601 5.718 2,450.00 No NO 34.11 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 12.125 3.500 752 Stated Rate/Term Refinance Owner Occupied SFR 1103658602 6.4675 2452.08 Yes 3YP 40.63 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 12.875 3.500 666 Stated Purchase Owner Occupied SFR 1103658603 5.343 1,442.29 No NO 40.39 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 11.750 3.500 745 Full Cash Out Refinance Investor Condominium 1103658604 5.343 1,257.81 No NO 35.84 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 11.750 3.500 745 Full Cash Out Refinance Investor Condominium 1103658605 5.718 2,552.08 No NO 18.35 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 3.500 3.000 1.000 6.000 12.125 3.500 719 Stated Rate/Term Refinance Investor SFR 1103658606 5.843 1,250.00 Yes 3YP 36.50 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 12.250 3.500 695 Stated Cash Out Refinance Investor SFR 1103658607 5.7175 2475.52 Yes 3YP 33.46 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 3.500 3.000 1.000 6.000 12.125 3.500 742 Stated Purchase Owner Occupied SFR 1103658608 5.968 1,142.19 No NO 44.52 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 3.500 3.000 1.000 6.000 12.375 3.500 684 Stated Rate/Term Refinance Investor Condominium 1103658609 6.5925 2566.67 No NO 37.90 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 13.000 3.500 715 Stated Purchase Owner Occupied SFR 1103658610 6.3425 2489.06 No NO 47.69 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 3.500 3.000 1.000 6.000 12.750 3.500 719 Stated Purchase Investor SFR 1103658611 6.5925 2566.67 Yes 3YP 39.10 3/6 LIBOR IO 120 LIBOR 6 6 20100201 20100301 34 3.500 1.000 1.000 6.000 13.000 3.500 658 Stated Purchase Owner Occupied SFR 1103658612 5.968 1,864.69 Yes 3YP 31.50 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 12.375 3.500 688 Stated Rate/Term Refinance Owner Occupied SFR 1103658613 5.718 2,347.92 No NO 43.37 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 12.125 3.500 746 Stated Rate/Term Refinance Owner Occupied PUD 1103658614 6.343 2,986.88 Yes 3YP 44.11 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 12.750 3.500 652 Stated Cash Out Refinance Owner Occupied SFR 1103658615 5.468 1,982.81 Yes 3YP 32.86 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 11.875 3.500 766 Stated Cash Out Refinance Owner Occupied SFR 1103658616 5.843 2,109.38 Yes 3YP 46.72 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 12.250 3.500 804 Full Cash Out Refinance Investor 3-FAMILY 1103658618 5.2175 1661.21 No NO 36.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 11.625 3.500 690 Stated Purchase Owner Occupied SFR 1103658619 6.2175 1590 No NO 45.30 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 12.625 3.500 673 Stated Purchase Owner Occupied SFR 1103658620 6.468 2,041.02 No NO 40.09 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 12.875 3.500 692 Stated Cash Out Refinance Owner Occupied SFR 1103658621 5.468 2,937.50 No NO 47.96 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 11.875 3.500 777 Stated Cash Out Refinance Owner Occupied SFR 1103658622 5.5925 1931.25 Yes 3YP 40.08 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 12.000 3.500 738 Stated Purchase Owner Occupied SFR 1103658623 6.5925 1093.75 No NO 37.18 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 13.000 3.500 674 Stated Purchase Owner Occupied PUD 1103658625 4.9675 1541.95 Yes 3YP 39.71 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 3.500 3.000 1.000 6.000 11.375 3.500 665 Stated Purchase Owner Occupied PUD 1103658626 5.4675 2913.02 No NO 29.50 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 11.875 3.500 753 Stated Purchase Owner Occupied SFR 1103658627 6.5925 1859.38 No NO 36.33 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 13.000 3.500 801 Stated Purchase Investor SFR 1103658631 6.218 1,188.36 Yes 3YP 49.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 12.625 2.750 686 Full Rate/Term Refinance Owner Occupied SFR 1103658635 6.218 828.13 Yes 3YP 49.60 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.625 3.000 629 Stated Cash Out Refinance Owner Occupied SFR 1103658661 5.218 2,952.50 Yes 3YP 49.66 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.500 0.000 784 Full Rate/Term Refinance Owner Occupied SFR 1103658667 6.4675 681.37 Yes 3YP 30.66 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.875 3.000 747 Stated Purchase Investor PUD 1103658676 5.968 4,263.28 Yes 2YP 35.52 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 694 Stated Rate/Term Refinance Investor 2-FAMILY 1103658689 6.583 729.58 Yes 3YP 31.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.990 3.000 665 SISA Cash Out Refinance Investor SFR 1103658713 8.7175 3132.92 No NO 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 2.500 3.000 1.000 6.000 15.125 2.500 673 Express Non-Verified Assets Purchase Investor SFR 1103658715 5.218 1,249.22 Yes 3YP 41.99 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.625 3.000 721 Stated Rate/Term Refinance Owner Occupied Condominium 1103658726 6.343 1,912.50 Yes 2YP 40.32 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 641 Stated Cash Out Refinance Owner Occupied SFR 1103658757 5.718 1,828.63 Yes 3YP 33.10 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 732 Full Rate/Term Refinance Owner Occupied Condominium 1103658783 7.343 2,066.02 Yes 1YP 1.00 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 2.500 3.000 1.000 6.000 13.750 2.500 701 Express Verified Assets Cash Out Refinance Owner Occupied D-PUDS 1103658797 6.5925 3966.67 Yes 3YP 43.93 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.000 3.000 660 Stated Purchase Owner Occupied SFR 1103658812 5.4675 1982.45 Yes 3YP 34.81 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 803 Stated Purchase Owner Occupied D-PUDS 1103658827 5.593 1,706.59 Yes 2YP 37.33 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 762 Full Rate/Term Refinance Owner Occupied D-PUDS 1103658828 5.968 3,864.58 No NO 28.49 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 765 Stated Cash Out Refinance Owner Occupied SFR 1103658831 5.5165 2060.45 Yes 3YP 36.54 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.799 0.000 765 Full Purchase Owner Occupied SFR 1103658832 6.468 551.31 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 647 Express No Doc Cash Out Refinance Owner Occupied SFR 1103658834 5.5925 3005.01 Yes 3YP 18.68 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 701 Full Purchase Owner Occupied D-PUDS 1103658835 7.343 2,944.42 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.625 0.000 633 Express Verified Assets Cash Out Refinance Owner Occupied 3-FAMILY 1103658836 5.7175 2350 Yes 2YP 40.71 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 788 Full Purchase Owner Occupied D-PUDS 1103658837 5.843 5,164.69 Yes 3YP 28.65 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 758 Full Cash Out Refinance Owner Occupied SFR 1103658838 6.343 4,322.10 Yes 3YP 48.76 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 670 SISA Cash Out Refinance Owner Occupied SFR 1103658839 5.968 1,685.53 No NO 37.44 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 754 Full Cash Out Refinance Owner Occupied SFR 1103658840 5.718 2,360.73 No NO 42.61 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 771 Full Cash Out Refinance Owner Occupied SFR 1103658841 5.093 1,528.72 Yes 3YP 35.17 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.375 0.000 781 Full Cash Out Refinance Owner Occupied PUD 1103658842 5.718 2,043.27 Yes 3YP 46.18 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 712 Full Rate/Term Refinance Owner Occupied SFR 1103658846 5.843 1,270.94 No NO 47.73 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 773 Full Rate/Term Refinance Owner Occupied SFR 1103658851 5.593 2,898.54 No NO 39.31 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 774 Full Rate/Term Refinance Owner Occupied SFR 1103658861 6.0925 2418.25 No NO 1.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 687 Express Verified Assets Purchase Owner Occupied Condominium 1103658877 5.343 1,964.58 No NO 33.57 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 11.750 3.000 803 Full Cash Out Refinance Owner Occupied SFR 1103658886 5.718 3,088.02 No NO 33.51 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.125 3.000 814 Stated Rate/Term Refinance Owner Occupied D-PUDS 1103658899 5.378 1,337.42 Yes 3YP 30.09 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 12.625 3.625 689 Stated Cash Out Refinance Owner Occupied D-PUDS 1103658908 5.8625 1187.47 Yes 3YP 48.99 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.500 3.000 1.000 6.000 12.690 3.500 764 Full Purchase Owner Occupied SFR 1103658915 5.593 644.58 Yes 3YP 36.96 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 663 Full Cash Out Refinance Owner Occupied SFR 1103658930 5.593 2,542.09 Yes 3YP 41.77 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 653 Full Cash Out Refinance Owner Occupied D-PUDS 1103658933 6.9675 543.91 No NO 37.67 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 13.375 3.000 739 Stated Purchase Investor SFR 1103658934 7.7175 1083.27 Yes 1YP 43.49 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.125 3.000 646 Stated Purchase Owner Occupied D-PUDS 1103658938 6.468 2,511.67 Yes 3YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 716 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103658952 5.468 979.17 Yes 3YP 30.43 3/6 LIBOR IO 120 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 11.875 3.000 726 Stated Cash Out Refinance Owner Occupied SFR 1103658970 5.843 2,858.33 Yes 2YP 30.40 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 742 Stated Cash Out Refinance Owner Occupied SFR 1103658989 6.4675 425.1 Yes 3YP 45.90 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 3.000 1.000 6.000 12.875 2.500 742 Stated Purchase Investor SFR 1103658991 5.4675 3909.94 Yes 3YP 39.33 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 780 Stated Purchase Owner Occupied SFR 1103658992 6.8425 1894.67 Yes 6MP 46.11 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.250 3.000 658 SISA Purchase Owner Occupied SFR 1103659047 8.2675 1654.03 Yes 3YP 45.19 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.675 3.000 661 Stated Purchase Investor SFR 1103659060 5.968 1,115.63 No NO 32.23 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.375 3.000 684 Stated Cash Out Refinance Owner Occupied Condominium 1103659081 5.343 1,413.54 No NO 36.16 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 704 Full Cash Out Refinance Owner Occupied SFR 1103659106 7.8425 736.31 Yes 2YP 42.05 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 14.250 3.000 694 Stated Purchase Investor Condominium 1103659137 6.593 788.31 Yes 3YP 41.05 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 687 Full Cash Out Refinance Owner Occupied SFR 1103659146 7.343 831.04 Yes 3YP 42.10 7/6 LIBOR LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 13.750 3.000 748 SISA Cash Out Refinance Owner Occupied SFR 1103659150 5.968 2,507.50 Yes 3YP 48.49 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 646 SISA Cash Out Refinance Owner Occupied SFR 1103659166 5.343 1,581.25 No NO 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.750 3.000 768 Express Verified Assets Cash Out Refinance Second Home Condominium 1103659176 6.5825 1584.4 Yes 2YP 40.09 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.990 3.000 693 SISA Purchase Investor SFR 1103659180 5.843 1,329.95 Yes 3YP 33.48 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 721 Full Rate/Term Refinance Owner Occupied SFR 1103659207 5.9675 2658.33 Yes 3YP 43.36 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 699 Full Purchase Owner Occupied SFR 1103659209 5.593 2,735.00 Yes 3YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.000 3.000 753 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103659272 6.468 2,190.83 Yes 3YP 44.13 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 724 Stated Cash Out Refinance Owner Occupied SFR 1103659284 6.8425 1245.79 Yes 1YP 29.12 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.250 3.000 752 Stated Purchase Investor SFR 1103659286 6.343 1,248.61 Yes 3YP 33.16 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 677 Stated Cash Out Refinance Owner Occupied SFR 1103659293 6.218 774.58 Yes 6MP 40.25 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 770 Stated Cash Out Refinance Owner Occupied SFR 1103659331 5.843 1,583.33 Yes 3YP 36.30 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 729 Stated Cash Out Refinance Owner Occupied SFR 1103659333 6.8425 995.18 Yes 3YP 43.48 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.250 3.000 721 Stated Purchase Investor SFR 1103659341 5.8425 1131.25 No NO 44.65 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 12.250 2.750 698 Full Purchase Owner Occupied SFR 1103659374 7.0925 1400 Yes 3YP 44.84 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.500 3.000 721 Stated Purchase Owner Occupied 3-FAMILY 1103659437 5.843 2,015.63 No NO 18.87 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 643 Full Rate/Term Refinance Investor SFR 1103659442 5.468 1,575.65 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 711 Stated Cash Out Refinance Investor SFR 1103659473 5.843 3,577.29 Yes 3YP 1.00 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 630 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103659475 5.3425 3166.11 Yes 3YP 20.22 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.625 0.000 771 Full Purchase Owner Occupied SFR 1103659600 5.218 2,542.97 No NO 19.99 3/6 LIBOR IO 60 LIBOR 6 6 20100501 20100601 37 3.000 3.000 1.000 6.000 11.625 3.000 799 Full Cash Out Refinance Owner Occupied SFR 1103659608 5.968 1,859.38 Yes 3YP 28.73 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 673 Stated Cash Out Refinance Investor SFR 1103659613 6.8425 2019.24 Yes 3YP 42.63 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.250 3.000 673 Stated Purchase Owner Occupied SFR 1103659637 5.843 1,096.59 No NO 8.23 7/6 LIBOR LIBOR 6 6 20140401 20140501 84 2.750 3.000 1.000 6.000 12.250 2.750 788 SISA Rate/Term Refinance Investor SFR 1103659639 5.968 1,656.28 Yes 3YP 36.50 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 654 Stated Cash Out Refinance Owner Occupied SFR 1103659714 6.343 4,258.07 Yes 3YP 1.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 686 Express No Doc Cash Out Refinance Owner Occupied SFR 1103659727 6.4675 2566.67 Yes 3YP 51.55 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 723 Full Purchase Investor 2-FAMILY 1103659728 5.843 735.00 Yes 3YP 44.62 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 737 Full Cash Out Refinance Owner Occupied SFR 1103659753 5.593 1,225.00 Yes 3YP 53.17 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.000 3.000 715 Stated Cash Out Refinance Investor SFR 1103659763 6.593 2,341.86 No NO 30.57 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.000 3.000 746 Full Cash Out Refinance Owner Occupied SFR 1103659784 5.843 2,965.14 Yes 3YP 51.14 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 777 Stated Rate/Term Refinance Owner Occupied SFR 1103659804 7.468 1,033.59 Yes 3YP 19.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.875 3.000 0 Stated Cash Out Refinance Second Home SFR 1103659836 5.5925 2962.5 No NO 20.05 3/6 LIBOR IO 60 LIBOR 6 6 20100501 20100601 37 3.000 3.000 1.000 6.000 12.000 3.000 799 Full Purchase Investor SFR 1103659838 5.343 2,300.00 Yes 3YP 44.57 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 774 Full Rate/Term Refinance Investor D-PUDS 1103659840 5.9675 4637.81 Yes 3YP 45.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 684 Stated Purchase Owner Occupied D-PUDS 1103659859 8.3425 1050 Yes 5YP 21.00 5/6 LIBOR IO 60 LIBOR 6 6 20120101 20120201 57 3.000 3.000 1.000 6.000 14.750 3.000 0 Full Purchase Second Home Condominium 1103659884 5.343 1,645.94 Yes 3YP 36.14 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 11.750 3.000 786 SISA Rate/Term Refinance Owner Occupied SFR 1103659922 5.343 3,354.17 Yes 3YP 28.16 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 11.750 3.000 800 Full Cash Out Refinance Owner Occupied SFR 1103659930 5.218 1,013.16 Yes 3YP 45.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.625 3.000 763 Stated Rate/Term Refinance Investor 3-FAMILY 1103659944 5.843 3,875.00 Yes 3YP 32.10 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 670 SISA Rate/Term Refinance Owner Occupied SFR 1103659949 6.218 599.22 Yes 3YP 44.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 641 FISA Rate/Term Refinance Owner Occupied Condominium 1103659952 6.093 770.31 Yes 1YP 45.24 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 693 Stated Cash Out Refinance Investor SFR 1103659990 5.093 2,833.27 Yes 2YP 22.26 7/6 LIBOR LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 11.500 3.000 784 Full Rate/Term Refinance Owner Occupied SFR 1103660004 5.0925 572.92 No NO 1.00 7/6 LIBOR IO 60 LIBOR 6 6 20140401 20140501 84 2.750 3.000 1.000 6.000 11.500 2.750 687 Express No Doc Verified Assets Purchase Owner Occupied Condominium 1103660022 6.968 2,712.71 Yes 1YP 46.59 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.250 0.000 680 SISA Rate/Term Refinance Owner Occupied SFR 1103660033 6.218 3,930.20 Yes 5YP 44.87 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 662 Stated Cash Out Refinance Owner Occupied SFR 1103660039 6.093 5,312.49 Yes 3YP 54.49 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 797 Full Cash Out Refinance Owner Occupied SFR 1103660053 5.2175 2478.75 Yes 3YP 31.04 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.625 3.000 802 Full Purchase Owner Occupied D-PUDS 1103660065 5.968 3,453.13 No NO 47.92 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 661 Full Rate/Term Refinance Owner Occupied SFR 1103660094 6.218 1,296.63 Yes 1YP 36.91 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.625 3.000 648 Stated Cash Out Refinance Investor D-PUDS 1103660127 6.763 1,091.27 Yes 3YP 25.03 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.170 3.000 627 Stated Cash Out Refinance Investor SFR 1103660147 6.918 570.00 Yes 3YP 51.38 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.200 0.000 702 Full Cash Out Refinance Owner Occupied SFR 1103660170 6.093 2,383.33 Yes 3YP 38.45 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 736 Stated Cash Out Refinance Owner Occupied 2-FAMILY 1103660245 6.1225 2703.75 Yes 2YP 41.73 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 13.000 3.625 768 Stated Purchase Owner Occupied D-PUDS 1103660261 6.468 1,168.75 No NO 43.64 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 663 Stated Rate/Term Refinance Owner Occupied SFR 1103660271 5.8425 1031.25 No NO 43.47 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 800 Stated Purchase Second Home HI-RISE 1103660279 6.468 716.15 No NO 49.51 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 2.500 3.000 1.000 6.000 12.875 2.500 627 SISA Cash Out Refinance Owner Occupied SFR 1103660290 7.093 2,489.06 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.375 0.000 702 Express Verified Assets Cash Out Refinance Investor SFR 1103660298 5.2175 1911.25 Yes 3YP 19.42 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 5.500 0.000 809 Full Purchase Owner Occupied SFR 1103660300 5.593 1,750.00 Yes 3YP 30.09 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 810 Full Cash Out Refinance Owner Occupied SFR 1103660328 5.813 1,347.67 No NO 28.85 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.220 3.000 685 Full Cash Out Refinance Owner Occupied SFR 1103660400 6.093 916.41 Yes 3YP 38.58 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 743 Full Rate/Term Refinance Owner Occupied SFR 1103660419 5.968 1,732.80 Yes 3YP 44.69 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 685 Stated Cash Out Refinance Owner Occupied SFR 1103660460 5.4675 1809.5 Yes 3YP 39.96 3/6 LIBOR IO 120 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 11.875 3.000 764 Stated Purchase Owner Occupied SFR 1103660469 6.983 1,101.86 Yes 3YP 39.96 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.265 0.000 770 SISA Cash Out Refinance Owner Occupied SFR 1103660480 5.218 2,165.63 Yes 3YP 52.77 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 6.000 11.625 5.000 650 Full Cash Out Refinance Owner Occupied SFR 1103660507 7.8125 1662.3 Yes 3YP 46.97 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 15.250 3.875 704 SISA Purchase Owner Occupied Condominium 1103660521 7.343 1,487.35 Yes 2YP 29.82 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 6.000 13.750 5.000 693 Stated Cash Out Refinance Investor SFR 1103660528 5.468 998.75 No NO 49.55 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.500 3.000 1.000 6.000 11.875 3.500 725 Full Rate/Term Refinance Second Home Condominium 1103660534 6.093 1,896.20 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 5.125 3.000 3.000 6.000 12.500 5.125 672 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103660560 5.468 1,742.92 Yes 3YP 37.25 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 797 Stated Rate/Term Refinance Owner Occupied SFR 1103660581 6.093 1,441.12 Yes 3YP 26.51 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 4.500 3.000 1.000 6.000 12.500 4.500 682 Stated Cash Out Refinance Owner Occupied SFR 1103660621 7.218 653.13 No NO 36.41 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.500 0.000 645 Stated Cash Out Refinance Investor SFR 1103660625 7.718 891.00 Yes 3YP 1.00 7/6 LIBOR LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 14.125 3.000 702 Express No Doc Cash Out Refinance Owner Occupied Condominium 1103660635 6.343 2,177.06 Yes 2YP 1.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 707 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103660636 5.968 1,434.38 Yes 3YP 47.61 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 659 SISA Cash Out Refinance Owner Occupied SFR 1103660640 5.343 1,437.50 Yes 3YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 726 Express Verified Assets Rate/Term Refinance Owner Occupied Condominium 1103660646 5.343 2,526.87 No NO 31.49 3/6 LIBOR LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 11.750 3.000 756 Full Rate/Term Refinance Owner Occupied SFR 1103660651 5.968 1,610.22 Yes 3YP 49.64 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 12.375 2.750 692 Stated Rate/Term Refinance Investor SFR 1103660675 6.5925 1750 Yes 3YP 48.63 2/6 LIBOR IO 60 LIBOR 6 6 20090401 20090501 24 3.000 3.000 1.000 6.000 13.000 3.000 751 SISA Purchase Owner Occupied SFR 1103660684 7.9675 2233.28 Yes 3YP 32.03 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.375 3.000 666 Stated Purchase Owner Occupied D-PUDS 1103660694 5.843 1,446.94 Yes 2YP 42.39 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 626 SISA Cash Out Refinance Owner Occupied SFR 1103660698 5.593 1,050.00 Yes 1YP 49.80 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 781 Stated Cash Out Refinance Investor SFR 1103660713 5.543 1,041.25 Yes 1YP 49.56 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 5.950 3.000 1.000 6.000 11.950 5.950 761 Stated Cash Out Refinance Owner Occupied SFR 1103660727 5.468 819.28 Yes 3YP 19.92 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 654 SISA Cash Out Refinance Owner Occupied SFR 1103660735 5.718 4,800.12 Yes 2YP 42.88 7/6 LIBOR LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 12.125 3.000 776 Stated Cash Out Refinance Owner Occupied SFR 1103660797 5.4675 1860.42 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.500 3.000 1.000 6.000 11.875 2.500 729 Express Verified Assets Purchase Owner Occupied D-PUDS 1103660799 5.968 1,450.31 Yes 3YP 49.64 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 12.375 2.750 692 Stated Cash Out Refinance Investor SFR 1103660824 5.968 1,694.69 Yes 3YP 38.38 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 636 SISA Rate/Term Refinance Owner Occupied SFR 1103660862 5.593 1,315.00 Yes 3YP 37.18 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 657 Stated Rate/Term Refinance Owner Occupied SFR 1103660890 5.0925 3079.84 Yes 3YP 46.33 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.375 0.000 787 Full Purchase Investor SFR 1103660907 5.718 3,436.02 No NO 18.67 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 796 Full Rate/Term Refinance Owner Occupied SFR 1103660914 6.093 1,856.01 Yes 1YP 34.88 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 773 Full Cash Out Refinance Investor D-PUDS 1103660915 6.968 2,280.10 Yes 3YP 0.00 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 2.875 6.000 2.000 6.000 13.375 2.875 680 Express Verified Assets Cash Out Refinance Owner Occupied 2-FAMILY 1103660917 6.593 2,520.00 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.000 2.875 710 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103660918 5.9675 2146.25 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.375 2.875 684 Express Verified Assets Purchase Owner Occupied SFR 1103660920 6.593 3,324.66 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.000 2.875 628 Express Verified Assets Cash Out Refinance Owner Occupied PUD 1103660921 6.093 1,978.84 No NO 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.500 2.875 627 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103660922 7.0625 2490.76 Yes 3YP 0.00 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100301 20100401 35 4.000 6.000 2.000 6.000 15.000 4.000 676 Express Verified Assets Purchase Second Home PUD 1103660924 6.0925 1343.33 Yes 3YP 0.00 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 2.875 6.000 2.000 6.000 12.500 2.875 766 Express Verified Assets Purchase Owner Occupied SFR 1103660925 6.463 3,177.92 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 14.250 4.000 687 Express Verified Assets Rate/Term Refinance Owner Occupied PUD 1103660926 7.1675 1660.36 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 14.875 4.000 691 Express Verified Assets Purchase Investor PUD 1103660927 6.8425 1874.24 Yes 3YP 0.00 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100301 20100401 35 2.875 6.000 2.000 6.000 13.250 2.875 661 Express Verified Assets Purchase Owner Occupied PUD 1103660928 7.7175 697.03 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 14.125 2.875 632 Express Verified Assets Purchase Investor 2-FAMILY 1103660929 7.3875 1092.5 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.750 6.000 2.000 6.000 14.625 3.750 747 Express No Doc Purchase Second Home PUD 1103660930 7.0575 2916.19 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 14.875 4.000 644 Express Verified Assets Purchase Owner Occupied PUD 1103660931 6.343 7,264.30 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.750 2.875 685 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103660932 7.093 2,072.92 Yes 1YP 49.30 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120101 20120201 57 2.875 6.000 2.000 6.000 13.500 2.875 637 Full Cash Out Refinance Investor SFR 1103660933 6.9425 3397.92 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 14.750 4.000 695 Express Verified Assets Purchase Owner Occupied SFR 1103660934 6.3425 1800.68 Yes 3YP 0.00 7/6 LIBOR BAL LIBOR 6 6 20140201 20140301 82 2.875 6.000 2.000 6.000 12.750 2.875 760 Express Verified Assets Purchase Owner Occupied SFR 1103660935 7.468 439.69 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.875 2.875 730 Express No Doc Cash Out Refinance Owner Occupied Condominium 1103660936 6.783 1,567.19 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 14.500 4.000 693 Express Verified Assets Rate/Term Refinance Second Home SFR 1103660937 5.6775 914.27 Yes 1YP 49.53 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 3.750 6.000 2.000 6.000 13.125 3.750 730 Stated Purchase Owner Occupied PUD 1103660938 7.2825 623.13 Yes 1YP 49.92 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 3.750 6.000 2.000 6.000 14.500 3.750 712 Full Purchase Investor SFR 1103660939 7.413 2,782.71 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 15.250 4.000 661 Express Verified Assets Cash Out Refinance Owner Occupied PUD 1103660941 5.718 2,235.81 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.125 2.875 736 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103660942 6.378 741.19 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 14.375 4.000 656 Express Verified Assets Cash Out Refinance Owner Occupied Condominium 1103660943 5.903 1,153.92 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 3.250 6.000 2.000 6.000 12.750 3.250 743 Express Verified Assets Cash Out Refinance Owner Occupied PUD 1103660944 6.4675 1214.58 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.875 2.875 716 Express Verified Assets Purchase Owner Occupied SFR 1103660945 6.4675 2625.09 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.875 2.875 684 Express Verified Assets Purchase Owner Occupied SFR 1103660946 6.7825 1451.46 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 14.750 4.000 633 Express Verified Assets Purchase Second Home Condominium 1103660947 6.2175 1307.65 No NO 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.625 2.875 732 Express Verified Assets Purchase Owner Occupied SFR 1103660948 6.7175 1416.6 Yes 3YP 44.25 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.125 2.875 662 Stated Purchase Owner Occupied PUD 1103660949 7.2175 976.3 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.625 2.875 693 Express Verified Assets Purchase Investor SFR 1103660950 6.9675 1446.79 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.375 2.875 680 Express No Doc Purchase Owner Occupied Condominium 1103660951 6.3425 1387.72 Yes 3YP 0.00 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100301 20100401 35 2.875 6.000 2.000 6.000 12.750 2.875 732 Express Verified Assets Purchase Owner Occupied SFR 1103660952 7.8425 2370.84 Yes 3YP 0.00 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 2.875 6.000 2.000 6.000 14.250 2.875 675 Express No Doc Purchase Second Home PUD 1103660953 7.593 1,019.93 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 14.000 2.875 640 Express No Doc Cash Out Refinance Investor SFR 1103660954 6.778 1,566.15 Yes 1YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.500 6.000 2.000 6.000 13.875 3.500 728 Express No Doc Cash Out Refinance Owner Occupied PUD 1103660955 6.343 2,520.00 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.750 2.875 654 Express Verified Assets Rate/Term Refinance Owner Occupied Condominium 1103660959 7.2475 1199.97 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 6.000 2.000 6.000 14.375 3.500 801 Express No Doc Purchase Second Home Condominium 1103660960 6.218 1,176.88 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.625 2.875 739 Express Verified Assets Cash Out Refinance Owner Occupied PUD 1103660961 6.593 1,138.46 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.000 2.875 739 Express Verified Assets Cash Out Refinance Investor PUD 1103660962 6.4675 893.29 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.875 2.875 722 Express No Doc Purchase Owner Occupied Condominium 1103660963 7.7175 2545.83 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 14.125 2.875 667 Express No Doc Purchase Owner Occupied 2-FAMILY 1103660964 6.6875 1583.17 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 3.625 6.000 2.000 6.000 13.875 3.625 751 Express No Doc Purchase Second Home PUD 1103660965 5.8425 1651.01 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.250 2.875 781 Express Verified Assets Purchase Owner Occupied PUD 1103660966 6.7175 855 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.125 2.875 752 Express Verified Assets Purchase Owner Occupied Condominium 1103660967 7.4125 2071.09 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 15.250 4.000 670 Express No Doc Purchase Second Home SFR 1103660968 6.673 1,290.00 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.875 6.000 2.000 6.000 14.000 3.875 684 Express No Doc Cash Out Refinance Owner Occupied SFR 1103660969 6.9325 1472.31 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 14.750 4.000 656 Express Verified Assets Purchase Owner Occupied PUD 1103660970 5.593 3,576.39 Yes 3YP 46.45 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100301 20100401 35 2.875 6.000 2.000 6.000 12.000 2.875 708 Full Rate/Term Refinance Owner Occupied PUD 1103660971 6.553 1,770.21 No NO 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 3.375 6.000 2.000 6.000 13.500 3.375 681 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103660972 6.3525 1740.88 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 13.750 4.000 654 Express Verified Assets Purchase Owner Occupied SFR 1103660973 7.3425 1435.69 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.750 2.875 701 Express Verified Assets Purchase Investor 2-FAMILY 1103660974 6.6625 1415.27 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 14.750 4.000 690 Express Verified Assets Purchase Owner Occupied Condominium 1103660975 7.1325 1757.96 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.625 6.000 2.000 6.000 14.250 3.625 731 Express No Doc Purchase Investor PUD 1103660976 6.4675 1304.11 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.875 2.875 639 Express No Doc Purchase Owner Occupied SFR 1103660979 7.218 2,795.83 Yes 1YP 0.00 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 2.875 6.000 2.000 6.000 13.625 2.875 702 Express Verified Assets Rate/Term Refinance Owner Occupied Condominium 1103660980 6.6025 2143.69 Yes 3YP 46.80 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 14.750 4.000 663 Stated Purchase Owner Occupied PUD 1103660981 6.4675 3809.04 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.875 2.875 694 Express Verified Assets Purchase Owner Occupied PUD 1103660982 7.718 1,090.78 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 14.125 2.875 631 Express Verified Assets Cash Out Refinance Owner Occupied Condominium 1103660983 6.9325 1093.28 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 14.750 4.000 653 Express Verified Assets Purchase Owner Occupied SFR 1103660984 7.343 1,082.59 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.750 2.875 678 Express Verified Assets Cash Out Refinance Investor Condominium 1103660985 6.7175 1211.25 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.125 2.875 663 Express Verified Assets Purchase Owner Occupied SFR 1103660986 7.468 836.31 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.875 2.875 635 Express No Doc Cash Out Refinance Investor SFR 1103660987 6.8875 1093.49 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.750 6.000 2.000 6.000 14.125 3.750 742 Express Verified Assets Purchase Investor PUD 1103660988 8.467 1,372.67 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 14.875 2.875 620 Express Verified Assets Cash Out Refinance Investor PUD 1103660989 7.0925 1749.5 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.500 2.875 620 Express Verified Assets Purchase Owner Occupied PUD 1103660992 7.093 875.00 Yes 3YP 20.96 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.750 3.000 1.000 6.000 13.500 2.750 667 Stated Cash Out Refinance Owner Occupied SFR 1103660993 5.718 3,828.13 Yes 1YP 44.60 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 2.750 3.000 1.000 6.000 12.125 2.750 737 Stated Cash Out Refinance Owner Occupied SFR 1103660994 6.093 2,491.13 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 12.500 2.750 750 Express Verified Assets Rate/Term Refinance Investor Condominium 1103660995 6.468 2,686.98 Yes 2YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 12.875 2.750 665 Express Verified Assets Cash Out Refinance Investor SFR 1103660996 5.968 1,785.00 Yes 1YP 41.22 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 2.750 3.000 1.000 6.000 12.375 2.750 740 SISA Rate/Term Refinance Owner Occupied Condominium 1103660998 5.968 1,483.34 Yes 1YP 24.95 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 730 Stated Cash Out Refinance Owner Occupied SFR 1103660999 5.843 1,020.83 Yes 3YP 51.62 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 673 Stated Cash Out Refinance Investor SFR 1103661000 5.843 1,250.52 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 721 Express No Doc Cash Out Refinance Owner Occupied SFR 1103661001 6.593 825.10 Yes 3YP 46.14 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 732 Express Verified Assets Cash Out Refinance Investor SFR 1103661002 6.218 1,592.50 Yes 1YP 46.90 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 742 Stated Cash Out Refinance Investor Condominium 1103661003 6.093 1,747.81 Yes 3YP 40.96 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 701 SISA Rate/Term Refinance Owner Occupied PUD 1103661004 6.093 1,599.06 Yes 1YP 41.71 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 760 Stated Rate/Term Refinance Investor SFR 1103661005 5.968 947.92 Yes 1YP 51.78 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 775 Stated Cash Out Refinance Owner Occupied PUD 1103661006 6.093 1,097.03 Yes 3YP 33.43 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 712 Full Rate/Term Refinance Owner Occupied SFR 1103661007 6.093 2,096.20 Yes 3YP 47.30 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 690 Full Rate/Term Refinance Owner Occupied SFR 1103661008 6.093 2,491.56 Yes 1YP 40.45 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 697 Stated Cash Out Refinance Owner Occupied SFR 1103661009 6.593 864.52 Yes 3YP 43.76 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 753 SISA Cash Out Refinance Owner Occupied Condominium 1103661010 5.968 2,046.88 Yes 1YP 30.30 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 682 Stated Cash Out Refinance Owner Occupied PUD 1103661011 6.218 1,495.00 Yes 3YP 38.08 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 757 Full Cash Out Refinance Owner Occupied PUD 1103661012 5.968 1,329.64 Yes 1YP 44.37 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 727 Stated Cash Out Refinance Owner Occupied SFR 1103661013 5.968 2,604.17 Yes 3YP 43.66 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 761 Stated Cash Out Refinance Owner Occupied SFR 1103661014 6.218 2,600.00 Yes 1YP 44.54 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 727 Stated Rate/Term Refinance Owner Occupied SFR 1103661015 6.093 1,168.75 Yes 1YP 41.71 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 760 Stated Cash Out Refinance Investor SFR 1103661016 5.968 1,507.81 Yes 3YP 47.18 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 770 Stated Rate/Term Refinance Owner Occupied SFR 1103661017 6.593 1,036.98 Yes 2YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 717 Express Verified Assets Cash Out Refinance Investor SFR 1103661018 9.217 609.58 Yes 3YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 15.625 3.625 698 Express Non-Verified Assets Cash Out Refinance Owner Occupied Condominium 1103661040 6.9675 2310.83 Yes 3YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.375 3.000 700 Stated Purchase Owner Occupied SFR 1103661057 5.718 1,263.83 Yes 3YP 30.44 7/6 LIBOR LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 12.125 3.000 620 Stated Cash Out Refinance Owner Occupied SFR 1103661065 8.342 3,325.00 No NO 20.89 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.750 3.000 663 Stated Cash Out Refinance Investor SFR 1103661077 5.468 1,037.92 Yes 3YP 28.16 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 770 Stated Rate/Term Refinance Owner Occupied SFR 1103661082 5.843 1,927.08 Yes 3YP 47.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 742 Stated Cash Out Refinance Owner Occupied SFR 1103661087 5.843 1,395.83 No NO 23.14 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 703 Stated Cash Out Refinance Owner Occupied D-PUDS 1103661092 5.218 3,102.79 Yes 3YP 28.71 7/6 LIBOR LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 11.625 3.000 780 Full Rate/Term Refinance Owner Occupied D-PUDS 1103661120 6.583 4,368.75 No NO 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.990 3.000 632 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103661123 6.343 1,057.21 Yes 3YP 22.77 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 632 Stated Cash Out Refinance Owner Occupied SFR 1103661138 6.718 891.51 Yes 3YP 26.10 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.000 0.000 664 SISA Cash Out Refinance Owner Occupied Condominium 1103661147 8.1475 1591.84 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.000 3.000 1.000 6.000 15.575 4.000 731 Express No Doc Purchase Owner Occupied Condominium 1103661156 8.7725 2110.09 Yes 3YP 1.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 9.875 0.000 719 Express Non-Verified Assets Purchase Investor Condominium 1103661169 5.843 1,458.33 No NO 40.71 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 715 Stated Rate/Term Refinance Investor SFR 1103661176 6.093 1,460.94 Yes 3YP 1.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 797 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103661191 8.792 917.34 No NO 38.63 7/6 LIBOR LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 15.200 3.200 653 SISA Cash Out Refinance Owner Occupied Condominium 1103661194 7.843 1,446.50 Yes 3YP 30.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.250 3.000 685 Stated Cash Out Refinance Second Home SFR 1103661219 5.718 2,802.60 Yes 3YP 49.68 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.125 3.000 729 Stated Cash Out Refinance Owner Occupied 2-FAMILY 1103661248 6.218 925.57 No NO 35.35 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.625 3.000 751 Stated Rate/Term Refinance Investor SFR 1103661269 5.708 2,024.62 Yes 3YP 42.28 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 5.990 0.000 683 Stated Cash Out Refinance Owner Occupied SFR 1103661279 9.0925 1837.27 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 15.500 3.000 690 Express No Doc Purchase Owner Occupied SFR 1103661288 7.343 992.59 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 4.000 3.000 1.000 5.000 12.750 4.000 635 Express No Doc Cash Out Refinance Owner Occupied PUD 1103661289 7.2175 1348.35 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.250 5.000 1.000 5.000 12.625 2.250 752 Express No Doc Purchase Investor SFR 1103661290 7.468 3,322.27 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.250 5.000 1.000 5.000 12.875 2.250 668 Express No Doc Rate/Term Refinance Investor PUD 1103661291 6.593 4,316.67 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.250 5.000 1.000 5.000 12.000 2.250 668 Express No Doc Cash Out Refinance Owner Occupied SFR 1103661292 6.718 1,130.50 No NO 43.74 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.250 6.000 2.000 6.000 13.125 2.250 709 Stated Rate/Term Refinance Owner Occupied Condominium 1103661293 7.218 1,489.42 No NO 49.85 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.250 5.000 1.000 5.000 12.625 2.250 759 SISA Cash Out Refinance Second Home SFR 1103661294 6.4875 1294.97 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 4.125 3.000 1.000 5.000 12.875 4.125 706 Express No Doc Purchase Owner Occupied SFR 1103661295 6.343 3,937.50 No NO 39.76 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 6.000 2.000 6.000 12.750 2.750 645 SISA Cash Out Refinance Owner Occupied SFR 1103661296 7.5925 1530 No NO 50.08 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 4.250 5.000 1.000 5.000 13.000 4.250 693 Full Purchase Investor 2-FAMILY 1103661297 5.9675 863.28 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.750 6.000 2.000 6.000 12.375 2.750 647 Express No Doc Purchase Second Home PUD 1103661299 6.468 1,727.92 No NO 44.61 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.250 6.000 2.000 6.000 12.875 2.250 705 Stated Cash Out Refinance Owner Occupied SFR 1103661300 7.343 1,264.83 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 4.000 5.000 1.000 5.000 12.750 4.000 762 Express No Doc Cash Out Refinance Investor SFR 1103661301 5.4675 813.36 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120201 20120301 58 2.250 5.000 1.000 5.000 10.875 2.250 794 Express No Doc Purchase Owner Occupied PUD 1103661302 6.7175 1271.34 No NO 40.95 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.250 6.000 2.000 6.000 13.125 2.250 741 Stated Purchase Owner Occupied Condominium 1103661303 6.968 966.95 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 2.250 5.000 1.000 5.000 12.375 2.250 757 Express No Doc Cash Out Refinance Investor Condominium 1103661304 6.218 2,765.94 No NO 0.00 10/1 CMT IO 120 CMT 12 12 20170201 20170301 118 2.750 5.000 2.000 5.000 11.625 6.625 799 SISA Cash Out Refinance Investor 3-FAMILY 1103661305 7.343 2,886.88 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 6.000 2.000 6.000 13.750 2.750 701 Express No Doc Cash Out Refinance Owner Occupied 2-FAMILY 1103661306 8.342 1,431.72 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.750 6.000 2.000 6.000 14.750 2.750 698 Express No Doc Cash Out Refinance Investor 2-FAMILY 1103661307 6.968 1,476.32 No NO 44.90 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.250 5.000 1.000 5.000 12.375 2.250 662 Full Cash Out Refinance Owner Occupied SFR 1103661309 6.2175 979.95 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.250 5.000 1.000 5.000 11.625 2.250 796 Express No Doc Purchase Owner Occupied Condominium 1103661312 7.583 3,099.45 No NO 41.44 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.990 3.000 645 Stated Cash Out Refinance Investor SFR 1103661342 6.343 1,684.69 Yes 2YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 628 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103661343 7.043 667.40 Yes 3YP 21.86 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.450 3.000 756 FISA Cash Out Refinance Owner Occupied SFR 1103661354 7.093 4,076.42 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.500 3.000 739 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103661401 7.468 1,640.63 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 2.875 3.000 1.000 6.000 13.875 2.875 637 Express Verified Assets Cash Out Refinance Investor SFR 1103661403 5.593 1,628.63 Yes 3YP 44.78 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 12.000 2.750 676 Stated Cash Out Refinance Owner Occupied Condominium 1103661437 8.7525 1564 Yes 3YP 30.55 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.500 3.000 1.000 6.000 15.600 3.500 785 Stated Purchase Investor D-PUDS 1103661450 5.7175 1453.67 Yes 1YP 39.20 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 12.125 2.750 725 Stated Purchase Owner Occupied D-PUDS 1103661482 5.243 1,111.17 Yes 3YP 23.97 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.650 3.000 763 SISA Cash Out Refinance Owner Occupied SFR 1103661529 5.843 1,041.67 Yes 3YP 24.30 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 807 Full Cash Out Refinance Owner Occupied SFR 1103661542 6.468 1,506.77 Yes 1YP 46.42 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 630 Stated Rate/Term Refinance Investor Condominium 1103661563 7.8725 3408.75 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.125 3.000 1.000 6.000 15.000 4.125 702 Express No Doc Verified Assets Purchase Owner Occupied SFR 1103661564 7.218 1,500.00 Yes 3YP 43.31 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.500 0.000 655 Stated Cash Out Refinance Owner Occupied SFR 1103661580 5.593 2,997.75 No NO 33.17 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 780 Stated Rate/Term Refinance Owner Occupied D-PUDS 1103661586 6.468 6,445.31 Yes 3YP 27.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 687 Stated Rate/Term Refinance Owner Occupied SFR 1103661587 7.988 1,305.96 No NO 46.94 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 15.175 3.500 664 Stated Cash Out Refinance Investor Condominium 1103661593 6.2175 786.17 No NO 15.32 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.625 3.000 736 Full Purchase Investor Townhouse 1103661638 6.718 1,710.00 Yes 1YP 41.29 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.125 3.000 732 SISA Cash Out Refinance Owner Occupied SFR 1103661647 6.9675 4470.83 No NO 37.49 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.250 0.000 642 Stated Purchase Owner Occupied SFR 1103661652 6.2175 1421.33 No NO 1.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 702 Express Verified Assets Purchase Owner Occupied SFR 1103661692 6.218 1,601.04 Yes 3YP 47.34 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 6.000 3.000 1.000 6.000 12.625 6.000 644 Stated Cash Out Refinance Owner Occupied SFR 1103661701 8.8425 2247.75 No NO 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 15.990 3.625 722 Express Non-Verified Assets Purchase Investor SFR 1103661712 6.843 3,247.16 Yes 3YP 1.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.250 3.000 650 Express Non-Verified Assets Cash Out Refinance Investor SFR 1103661724 5.393 2,141.65 Yes 2YP 41.69 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.800 3.000 731 Stated Rate/Term Refinance Owner Occupied D-PUDS 1103661746 6.718 1,558.59 Yes 3YP 39.40 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.125 3.000 663 Stated Cash Out Refinance Investor SFR 1103661747 7.2175 3100.83 Yes 1YP 47.56 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.625 3.000 681 Stated Purchase Owner Occupied SFR 1103661781 7.428 3,757.08 Yes 3YP 49.96 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.000 3.000 1.000 6.000 14.875 4.000 662 SISA Cash Out Refinance Owner Occupied SFR 1103661783 6.593 2,036.48 No NO 41.64 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 795 Stated Cash Out Refinance Owner Occupied SFR 1103661787 7.0925 939.74 Yes 2YP 0.00 5/6 LIBOR LIBOR 6 6 20111201 20120101 56 5.000 5.000 1.000 5.000 12.500 5.000 667 Express No Doc Purchase Owner Occupied PUD 1103661791 7.4675 1322.95 No NO 40.84 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 12.875 5.000 626 Stated Purchase Owner Occupied Condominium 1103661792 6.093 1,099.58 Yes 2YP 18.69 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 11.500 5.000 634 Stated Cash Out Refinance Owner Occupied SFR 1103661793 7.8425 1402.45 No NO 36.16 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 13.250 5.000 699 SISA Purchase Owner Occupied Condominium 1103661794 7.7175 1514.69 No NO 29.20 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 13.125 5.000 648 Stated Purchase Owner Occupied Condominium 1103661795 7.593 1,496.88 Yes 2YP 43.82 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 13.000 5.000 641 Stated Cash Out Refinance Owner Occupied PUD 1103661796 7.2175 1303.37 Yes 2YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.625 5.000 695 Express Verified Assets Purchase Owner Occupied SFR 1103661797 7.3425 1343.01 No NO 22.70 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.750 5.000 694 SISA Purchase Owner Occupied PUD 1103661804 7.2175 6354.17 Yes 2YP 37.06 5/6 LIBOR IO 120 LIBOR 6 6 20120101 20120201 57 5.000 3.000 1.000 5.000 12.625 5.000 667 SISA Purchase Owner Occupied SFR 1103661806 6.4675 5729.17 No NO 28.37 5/6 LIBOR IO 120 LIBOR 6 6 20111201 20120101 56 5.000 5.000 1.000 5.000 11.875 5.000 708 Stated Purchase Owner Occupied SFR 1103661807 7.5925 6666.67 Yes 2YP 32.01 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 13.000 5.000 698 SISA Purchase Second Home SFR 1103661808 7.2175 876.87 No NO 44.73 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.625 5.000 660 Stated Purchase Owner Occupied PUD 1103661809 7.0925 875 No NO 45.07 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 12.500 5.000 756 Stated Purchase Investor Condominium 1103661810 7.0925 875 No NO 47.21 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.500 5.000 756 Stated Purchase Investor Condominium 1103661811 7.8425 979.03 No NO 37.30 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.250 5.000 638 SISA Purchase Owner Occupied SFR 1103661813 6.9675 909.58 Yes 2YP 41.64 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.375 5.000 657 Stated Purchase Owner Occupied PUD 1103661815 7.4675 781.62 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.875 5.000 695 Express No Doc Verified Assets Purchase Owner Occupied SFR 1103661816 7.5925 720 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.000 5.000 752 Express No Doc Verified Assets Purchase Second Home Condominium 1103661818 7.468 359.63 No NO 44.93 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.875 5.000 740 Stated Cash Out Refinance Investor SFR 1103661819 7.968 420.70 Yes 2YP 28.01 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.375 5.000 627 Stated Cash Out Refinance Investor SFR 1103661820 7.968 484.55 Yes 2YP 48.90 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.375 5.000 627 Stated Cash Out Refinance Investor SFR 1103661821 7.8425 496.02 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 13.250 5.000 655 Express No Doc Purchase Owner Occupied SFR 1103661822 7.343 487.16 Yes 2YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.750 5.000 709 Express No Doc Cash Out Refinance Investor SFR 1103661825 7.593 544.00 Yes 1YP 15.32 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.000 5.000 660 SISA Cash Out Refinance Investor SFR 1103661826 7.8425 619.04 No NO 31.63 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 13.250 5.000 735 Stated Purchase Investor SFR 1103661827 7.1425 569.25 Yes 5YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.250 5.000 693 Express No Doc Purchase Owner Occupied SFR 1103661829 7.3425 567.82 No NO 16.04 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.750 5.000 747 Stated Purchase Investor SFR 1103661830 6.968 621.61 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.375 5.000 696 Express No Doc Cash Out Refinance Owner Occupied SFR 1103661831 7.4675 597.45 Yes 2YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.875 5.000 674 Express No Doc Purchase Owner Occupied SFR 1103661833 7.8425 646.25 No NO 27.87 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.250 5.000 642 Stated Purchase Owner Occupied SFR 1103661834 7.9675 717.51 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.375 5.000 677 Express No Doc Purchase Investor PUD 1103661835 7.7175 747.69 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.125 5.000 679 Express No Doc Purchase Owner Occupied SFR 1103661836 6.8425 623.5 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.250 5.000 743 Express No Doc Purchase Owner Occupied SFR 1103661839 7.0925 656.25 No NO 46.09 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 12.500 5.000 698 Stated Purchase Owner Occupied SFR 1103661841 7.9675 764.92 No NO 48.29 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.375 5.000 659 Stated Purchase Owner Occupied SFR 1103661842 7.593 810.08 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120101 20120201 57 5.000 3.000 1.000 5.000 13.000 5.000 658 Express No Doc Cash Out Refinance Investor SFR 1103661843 7.9675 770.5 No NO 33.82 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.375 5.000 625 Stated Purchase Owner Occupied Condominium 1103661844 7.8425 841.42 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.250 5.000 672 Express No Doc Purchase Investor Condominium 1103661845 6.4675 750.61 No NO 37.76 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 11.875 5.000 639 Stated Purchase Owner Occupied PUD 1103661846 7.968 804.00 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 13.375 5.000 643 Express No Doc Cash Out Refinance Owner Occupied SFR 1103661848 7.8425 871.47 Yes 2YP 31.01 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.250 5.000 707 SISA Purchase Owner Occupied Condominium 1103661849 7.593 773.33 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120101 20120201 57 5.000 5.000 1.000 5.000 13.000 5.000 670 Express No Doc Cash Out Refinance Investor SFR 1103661850 7.4675 773.98 Yes 3YP 31.63 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.875 5.000 664 SISA Purchase Owner Occupied Condominium 1103661851 7.7175 891 No NO 37.34 5/6 LIBOR LIBOR 6 6 20120101 20120201 57 5.000 3.000 1.000 5.000 13.125 5.000 721 SISA Purchase Owner Occupied SFR 1103661852 7.468 870.08 Yes 2YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.875 5.000 782 Express No Doc Cash Out Refinance Investor SFR 1103661853 6.9675 737.5 No NO 40.43 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.375 5.000 765 Stated Purchase Investor SFR 1103661854 7.5925 892.26 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 13.000 5.000 698 Express No Doc Purchase Investor 2-FAMILY 1103661855 7.9675 865.42 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.375 5.000 641 Express No Doc Purchase Investor PUD 1103661856 7.843 859.38 No NO 19.36 5/6 LIBOR IO 120 LIBOR 6 6 20120101 20120201 57 5.000 5.000 1.000 5.000 13.250 5.000 648 Stated Cash Out Refinance Investor SFR 1103661857 7.8425 863.5 No NO 38.75 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.250 5.000 622 Stated Purchase Owner Occupied SFR 1103661859 7.4675 830.97 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.875 5.000 719 Express No Doc Purchase Investor PUD 1103661860 7.093 1,322.50 Yes 2YP 44.08 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.500 5.000 648 Stated Cash Out Refinance Owner Occupied SFR 1103661861 7.468 1,391.25 Yes 1YP 34.24 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 12.875 5.000 723 Stated Cash Out Refinance Owner Occupied SFR 1103661862 7.0925 1335 No NO 41.09 5/6 LIBOR IO 120 LIBOR 6 6 20111201 20120101 56 5.000 5.000 1.000 5.000 12.500 5.000 737 SISA Purchase Owner Occupied PUD 1103661863 7.4675 1402.73 Yes 2YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20111201 20120101 56 4.000 6.000 2.000 6.000 13.875 4.000 623 Express Verified Assets Purchase Owner Occupied SFR 1103661864 7.9675 1507.5 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.375 5.000 679 Express No Doc Purchase Owner Occupied SFR 1103661865 7.4675 1438.5 No NO 45.99 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.875 5.000 638 Stated Purchase Owner Occupied PUD 1103661866 7.3425 1420.83 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.750 5.000 690 Express Verified Assets Purchase Investor SFR 1103661867 7.9675 1562.78 Yes 2YP 35.31 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 13.375 5.000 623 Stated Purchase Owner Occupied SFR 1103661868 7.0925 1399.69 No NO 15.29 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.500 5.000 665 Stated Purchase Owner Occupied PUD 1103661870 7.5925 879.47 No NO 39.26 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.000 5.000 654 Stated Purchase Owner Occupied SFR 1103661872 7.7175 1055.71 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.125 5.000 771 Express Non-Verified Assets Purchase Second Home Condominium 1103661873 6.718 926.25 Yes 2YP 18.05 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 12.125 5.000 783 SISA Cash Out Refinance Investor Condominium 1103661874 7.593 1,150.18 No NO 41.45 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.000 5.000 746 Stated Rate/Term Refinance Investor SFR 1103661877 6.3425 898.59 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 11.750 5.000 718 Express Verified Assets Purchase Owner Occupied PUD 1103661878 7.7175 1188 No NO 21.60 5/6 LIBOR LIBOR 6 6 20120101 20120201 57 5.000 3.000 1.000 5.000 13.125 5.000 687 SISA Purchase Owner Occupied 3-FAMILY 1103661879 6.9675 994.17 No NO 41.54 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.375 5.000 795 Alternative Purchase Investor PUD 1103661881 7.593 1,105.00 No NO 20.79 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.000 5.000 634 SISA Cash Out Refinance Investor SFR 1103661882 7.468 1,089.38 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.875 5.000 702 Express No Doc Cash Out Refinance Investor SFR 1103661883 7.0925 1049.69 No NO 39.46 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 12.500 5.000 653 Stated Purchase Owner Occupied Townhouse 1103661884 7.343 1,203.57 Yes 1YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.750 5.000 671 Express Verified Assets Cash Out Refinance Investor SFR 1103661885 7.9675 1284.52 No NO 31.40 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.375 5.000 630 Stated Purchase Owner Occupied SFR 1103661886 7.468 1,229.72 No NO 30.54 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.875 5.000 677 Stated Cash Out Refinance Investor SFR 1103661887 7.9675 1299.72 No NO 32.15 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.375 5.000 809 Alternative Purchase Investor SFR 1103661888 8.0925 1334.91 Yes 2YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.500 5.000 655 Express Verified Assets Purchase Second Home SFR 1103661890 7.5925 1172.8 No NO 43.82 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.000 5.000 654 Stated Purchase Owner Occupied SFR 1103661892 6.5925 1026.67 Yes 2YP 41.37 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 12.000 5.000 673 Full Purchase Owner Occupied Condominium 1103661893 6.468 1,026.09 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 11.875 5.000 698 Express No Doc Cash Out Refinance Owner Occupied SFR 1103661894 7.3425 1162.5 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.750 5.000 782 Express Verified Assets Purchase Investor Condominium 1103661895 7.2175 1302.34 Yes 2YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.625 5.000 707 Express Verified Assets Purchase Owner Occupied PUD 1103661897 7.468 1,207.50 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.875 5.000 701 Express Verified Assets Cash Out Refinance Investor Condominium 1103661898 7.8425 1289.06 No NO 46.41 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.250 5.000 639 Stated Purchase Owner Occupied PUD 1103661899 7.4675 1363.17 Yes 2YP 0.00 5/6 LIBOR LIBOR 6 6 20120201 20120301 58 5.000 3.000 1.000 5.000 12.875 5.000 634 Express Verified Assets Purchase Owner Occupied Condominium 1103661900 6.718 1,116.25 Yes 2YP 35.14 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.125 5.000 687 SISA Cash Out Refinance Owner Occupied SFR 1103661901 7.738 1,469.53 Yes 2YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 14.375 5.000 679 Express No Doc Rate/Term Refinance Owner Occupied Condominium 1103661903 7.8425 1316.91 No NO 57.98 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.250 5.000 695 Stated Purchase Investor Condominium 1103661904 6.9675 1326.1 No NO 45.38 5/6 LIBOR LIBOR 6 6 20120101 20120201 57 5.000 5.000 1.000 5.000 12.375 5.000 711 Stated Purchase Investor 3-FAMILY 1103661905 7.9675 1355.91 No NO 43.64 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.375 5.000 628 Stated Purchase Owner Occupied SFR 1103661907 7.468 1,281.66 Yes 2YP 47.17 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.875 5.000 653 Stated Cash Out Refinance Investor SFR 1103661910 7.7175 1343.33 Yes 2YP 21.05 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.125 5.000 674 Stated Purchase Owner Occupied Condominium 1103661912 7.0925 1429.73 Yes 2YP 47.76 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.500 5.000 641 Stated Purchase Owner Occupied PUD 1103661913 7.218 1,453.83 No NO 32.52 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.625 5.000 628 SISA Cash Out Refinance Investor SFR 1103661915 7.093 1,622.18 No NO 40.60 5/6 LIBOR LIBOR 6 6 20120201 20120301 58 5.000 5.000 1.000 5.000 12.500 5.000 685 SISA Cash Out Refinance Owner Occupied SFR 1103661916 7.593 1,557.33 Yes 2YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20111201 20120101 56 4.000 5.000 2.000 6.000 14.000 4.000 635 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103661917 5.968 1,469.21 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 11.375 5.000 752 Express Verified Assets Cash Out Refinance Investor 3-FAMILY 1103661918 7.9675 1647.08 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.375 5.000 759 Express No Doc Purchase Investor SFR 1103661921 7.8425 1644.5 No NO 44.10 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 13.250 5.000 685 SISA Purchase Owner Occupied SFR 1103661922 7.843 1,833.09 No NO 42.92 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.250 5.000 677 SISA Cash Out Refinance Investor 3-FAMILY 1103661923 6.8425 1488.67 No NO 36.14 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.250 5.000 716 Stated Purchase Owner Occupied SFR 1103661924 6.5925 1442.58 Yes 2YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120201 20120301 58 4.000 5.000 1.000 5.000 12.000 4.000 643 Express Verified Assets Purchase Owner Occupied SFR 1103661925 6.5925 1444.85 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.000 5.000 652 Express No Doc Purchase Owner Occupied PUD 1103661926 7.9675 1730.83 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.375 5.000 670 Express No Doc Purchase Investor SFR 1103661927 7.0925 1555 No NO 42.79 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.500 5.000 627 Stated Purchase Owner Occupied SFR 1103661928 6.843 1,510.42 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 12.250 5.000 801 Express No Doc Cash Out Refinance Investor SFR 1103661929 7.468 1,827.17 Yes 5YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 12.875 5.000 663 Express Verified Assets Cash Out Refinance Owner Occupied Condominium 1103661930 8.2175 2086.09 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 14.875 5.000 635 Express Verified Assets Purchase Owner Occupied Condominium 1103661931 7.7175 1900.79 No NO 45.83 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 13.125 5.000 644 Stated Purchase Owner Occupied PUD 1103661932 7.4675 1680 No NO 26.54 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.875 5.000 642 Stated Purchase Owner Occupied SFR 1103661933 7.7175 1751.95 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.125 5.000 699 Express Verified Assets Purchase Investor Condominium 1103661935 7.8425 1953.29 No NO 43.25 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.250 5.000 770 Stated Purchase Investor SFR 1103661936 6.843 1,798.90 No NO 39.59 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.250 5.000 708 Stated Cash Out Refinance Second Home PUD 1103661937 7.968 2,036.99 No NO 41.87 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 13.375 5.000 723 Stated Cash Out Refinance Owner Occupied SFR 1103661938 6.968 1,659.37 Yes 2YP 29.39 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.375 5.000 678 Stated Cash Out Refinance Owner Occupied SFR 1103661939 7.218 1,715.62 No NO 41.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.625 5.000 649 Stated Cash Out Refinance Owner Occupied SFR 1103661940 6.593 1,811.29 Yes 2YP 43.30 5/6 LIBOR LIBOR 6 6 20120201 20120301 58 4.000 3.000 2.000 6.000 13.000 4.000 802 Full Cash Out Refinance Owner Occupied PUD 1103661942 7.3425 1787.67 No NO 38.81 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.750 5.000 632 Stated Purchase Owner Occupied 2-FAMILY 1103661945 7.468 2,059.20 No NO 43.49 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.875 5.000 626 Stated Cash Out Refinance Owner Occupied SFR 1103661946 7.593 1,898.67 No NO 45.90 5/6 LIBOR IO 120 LIBOR 6 6 20120101 20120201 57 5.000 3.000 1.000 5.000 13.000 5.000 621 SISA Cash Out Refinance Investor SFR 1103661947 7.9675 2010 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.375 5.000 734 Express Non-Verified Assets Purchase Investor PUD 1103661949 6.093 1,581.67 No NO 38.27 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 11.500 5.000 735 Full Cash Out Refinance Owner Occupied SFR 1103661950 6.968 1,794.58 Yes 5YP 31.34 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.375 5.000 673 Stated Cash Out Refinance Investor SFR 1103661951 7.8425 2035 No NO 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20111201 20120101 56 2.250 5.000 2.000 6.000 14.250 4.000 671 Express Verified Assets Purchase Investor SFR 1103661952 6.4675 1714.17 Yes 2YP 30.27 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 11.875 5.000 707 Stated Purchase Owner Occupied SFR 1103661953 7.4675 2177.53 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.875 5.000 701 Express Verified Assets Purchase Second Home PUD 1103661954 7.2175 1931.67 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.625 5.000 679 Express Verified Assets Purchase Owner Occupied SFR 1103661955 7.2175 1941.52 No NO 34.35 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.625 5.000 693 SISA Purchase Owner Occupied PUD 1103661956 7.2175 1941.83 No NO 44.33 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.625 5.000 644 Stated Purchase Owner Occupied PUD 1103661958 7.4675 2058 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.875 5.000 708 Express Verified Assets Purchase Owner Occupied SFR 1103661959 8.6975 2661.19 Yes 2YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 15.125 5.000 638 NINA Purchase Owner Occupied 2-FAMILY 1103661960 7.3425 2050.65 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.750 5.000 694 Express No Doc Purchase Owner Occupied Condominium 1103661961 7.0925 2000.94 No NO 33.55 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.500 5.000 697 Stated Purchase Owner Occupied PUD 1103661962 7.593 2,406.75 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120101 20120201 57 5.000 3.000 1.000 5.000 13.000 5.000 681 Express No Doc Cash Out Refinance Investor 3-FAMILY 1103661963 6.7325 2293.42 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.500 5.000 784 Express No Doc Purchase Owner Occupied SFR 1103661964 7.0925 2063.75 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.500 5.000 685 Express Verified Assets Purchase Owner Occupied Condominium 1103661965 6.7175 1969.47 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.125 5.000 715 Express Verified Assets Purchase Owner Occupied PUD 1103661966 7.093 2,093.75 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.500 5.000 641 Express No Doc Cash Out Refinance Investor PUD 1103661967 7.9675 2345 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.375 5.000 672 Express Verified Assets Purchase Owner Occupied SFR 1103661968 6.8425 2096.46 No NO 28.74 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.250 5.000 638 SISA Purchase Owner Occupied PUD 1103661969 6.218 1,932.29 Yes 2YP 41.39 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 11.625 5.000 663 SISA Cash Out Refinance Owner Occupied SFR 1103661970 7.593 2,400.00 No NO 22.25 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.000 5.000 750 Stated Cash Out Refinance Investor SFR 1103661972 7.9675 2814.23 No NO 40.89 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.375 5.000 637 Stated Purchase Owner Occupied 2-FAMILY 1103661974 6.5925 2229.38 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.000 5.000 690 Express Verified Assets Purchase Second Home PUD 1103661975 6.843 2,612.74 No NO 29.34 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.250 5.000 662 Stated Cash Out Refinance Owner Occupied SFR 1103661976 7.3425 2480 Yes 1YP 39.59 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.750 5.000 719 Alternative Purchase Owner Occupied 3-FAMILY 1103661978 6.5925 2263.33 Yes 2YP 39.98 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.000 5.000 632 Stated Purchase Owner Occupied PUD 1103661979 6.7175 2327.5 Yes 2YP 41.49 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.125 5.000 661 Stated Purchase Owner Occupied PUD 1103661981 7.7175 2675.83 No NO 34.89 5/6 LIBOR IO 120 LIBOR 6 6 20111201 20120101 56 5.000 3.000 1.000 5.000 13.125 5.000 654 Stated Purchase Owner Occupied SFR 1103661982 6.8425 2400.35 No NO 25.91 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.250 5.000 668 SISA Purchase Owner Occupied PUD 1103661987 6.468 2,360.42 No NO 35.40 5/6 LIBOR IO 120 LIBOR 6 6 20120101 20120201 57 5.000 3.000 1.000 5.000 11.875 5.000 708 Stated Cash Out Refinance Investor SFR 1103661988 6.843 2,492.19 No NO 35.89 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.250 5.000 647 Stated Cash Out Refinance Owner Occupied SFR 1103661990 7.8425 3465 No NO 44.47 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.250 5.000 662 Stated Purchase Owner Occupied 2-FAMILY 1103661991 7.8425 3789.5 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 13.250 5.000 693 Express Verified Assets Purchase Owner Occupied 3-FAMILY 1103661993 7.8425 3030.5 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.250 5.000 721 Express Verified Assets Purchase Investor 4-FAMILY 1103661995 7.3425 3206.18 Yes 2YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.000 5.000 627 Express Verified Assets Purchase Second Home SFR 1103661996 7.968 3,344.32 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 13.375 5.000 727 Express No Doc Cash Out Refinance Owner Occupied PUD 1103661998 6.5325 2718.75 Yes 2YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.250 5.000 757 Express Verified Assets Purchase Owner Occupied SFR 1103661999 7.7175 3385.19 No NO 0.00 5/6 LIBOR LIBOR 6 6 20111201 20120101 56 5.000 5.000 1.000 5.000 13.125 5.000 662 Express Verified Assets Purchase Owner Occupied SFR 1103662000 7.3425 2978.91 Yes 2YP 46.48 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.750 5.000 657 Stated Purchase Owner Occupied Condominium 1103662001 6.9675 2851.62 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.375 5.000 661 Express Verified Assets Purchase Owner Occupied PUD 1103662003 7.3425 3031.22 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.750 5.000 763 Express Verified Assets Purchase Owner Occupied PUD 1103662004 7.343 3,100.00 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.750 5.000 680 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103662005 7.968 3,350.00 No NO 44.64 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.375 5.000 664 Stated Rate/Term Refinance Investor SFR 1103662006 7.093 3,125.00 Yes 2YP 41.86 5/6 LIBOR IO 60 LIBOR 6 6 20120201 20120301 58 4.000 5.000 1.000 5.000 12.500 4.000 659 Stated Cash Out Refinance Owner Occupied PUD 1103662007 6.9675 3180.47 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.375 5.000 745 Express Verified Assets Purchase Investor Condominium 1103662008 7.0925 3263.44 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.500 5.000 674 Express Verified Assets Purchase Owner Occupied PUD 1103662010 6.9675 3318.75 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.375 5.000 745 Express Verified Assets Purchase Investor Condominium 1103662011 6.9675 3318.75 No NO 38.42 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.375 5.000 664 SISA Purchase Owner Occupied Condominium 1103662012 6.9675 3318.75 Yes 2YP 36.61 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.375 5.000 684 SISA Purchase Investor Condominium 1103662013 7.468 3,570.00 No NO 42.27 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.875 5.000 682 Stated Cash Out Refinance Owner Occupied SFR 1103662014 6.8425 3294.88 Yes 2YP 39.88 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.250 5.000 697 Stated Purchase Investor SFR 1103662015 7.9675 3868.2 Yes 2YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.375 5.000 660 Express No Doc Verified Assets Purchase Owner Occupied SFR 1103662018 7.468 3,957.19 No NO 43.56 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.875 5.000 681 Stated Cash Out Refinance Owner Occupied PUD 1103662020 7.218 3,990.42 No NO 37.31 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 12.625 5.000 736 Alternative Cash Out Refinance Investor SFR 1103662021 7.5925 4266.67 No NO 45.47 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.000 5.000 655 Stated Purchase Owner Occupied Condominium 1103662023 6.5925 4083.33 No NO 35.45 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.000 5.000 754 Stated Purchase Owner Occupied SFR 1103662024 7.8425 4950 No NO 32.54 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.250 5.000 679 Stated Purchase Owner Occupied PUD 1103662027 7.3425 5033.08 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 5.000 1.000 5.000 12.750 5.000 666 Express Verified Assets Purchase Owner Occupied PUD 1103662028 6.9675 4916.67 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.375 5.000 801 Express Verified Assets Purchase Owner Occupied SFR 1103662029 7.8425 5720 No NO 35.12 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 13.250 5.000 697 Stated Purchase Investor PUD 1103662030 7.343 5,425.00 Yes 2YP 15.24 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.750 5.000 630 SISA Cash Out Refinance Investor SFR 1103662033 7.468 6,152.34 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.875 5.000 703 Express Verified Assets Cash Out Refinance Owner Occupied PUD 1103662072 6.843 1,933.33 Yes 3YP 44.02 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.250 3.000 631 Stated Cash Out Refinance Owner Occupied SFR 1103662082 5.343 1,313.04 Yes 3YP 50.82 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 762 Full Cash Out Refinance Owner Occupied SFR 1103662112 6.838 2,090.16 Yes 2YP 45.74 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 13.875 3.875 664 Stated Rate/Term Refinance Owner Occupied Condominium 1103662130 5.843 2,046.77 Yes 2YP 44.36 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 803 SISA Cash Out Refinance Owner Occupied SFR 1103662157 7.468 2,723.44 Yes 1YP 43.31 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.875 3.000 683 SISA Cash Out Refinance Owner Occupied 2-FAMILY 1103662166 6.843 1,252.44 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.250 2.875 728 Express Verified Assets Rate/Term Refinance Investor PUD 1103662169 6.218 2,318.75 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.625 2.875 712 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103662170 6.593 2,735.72 Yes 3YP 41.50 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.000 2.875 712 Full Cash Out Refinance Owner Occupied SFR 1103662171 6.843 2,135.86 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.250 2.875 644 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103662172 6.068 1,220.08 Yes 3YP 38.27 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 3.500 6.000 2.000 6.000 13.125 3.500 681 Full Rate/Term Refinance Investor Condominium 1103662173 7.093 1,912.50 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.500 2.875 644 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103662174 6.2525 1733.79 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 3.250 6.000 2.000 6.000 13.000 3.250 786 Express Verified Assets Purchase Owner Occupied SFR 1103662175 6.718 1,353.75 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.125 2.875 670 Express Verified Assets Cash Out Refinance Investor Condominium 1103662177 6.343 1,620.00 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.750 2.875 774 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103662179 6.968 1,427.47 Yes 3YP 0.00 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100301 20100401 35 2.875 6.000 2.000 6.000 13.375 2.875 738 Express Verified Assets Rate/Term Refinance Investor SFR 1103662184 6.8275 1889.1 No NO 0.00 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100401 20100501 36 3.500 6.000 2.000 6.000 13.875 3.500 804 Express No Doc Purchase Owner Occupied SFR 1103662185 6.5075 1660.41 Yes 1YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 13.875 3.875 706 Express Verified Assets Purchase Owner Occupied SFR 1103662186 7.3075 1056.55 No NO 44.37 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.875 4.000 652 Full Purchase Investor SFR 1103662187 6.8475 1499.52 No NO 0.00 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100301 20100401 35 4.000 3.000 1.000 6.000 15.125 4.000 679 Express Verified Assets Purchase Owner Occupied SFR 1103662188 7.9675 2086.77 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 14.375 2.875 754 Express Verified Assets Purchase Investor 4-FAMILY 1103662189 7.343 5,063.33 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.750 2.875 635 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103662190 6.8425 2964.88 Yes 1YP 40.74 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.250 2.875 770 Full Purchase Investor PUD 1103662191 6.818 1,419.14 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.625 6.000 2.000 6.000 13.875 3.625 747 Express Verified Assets Rate/Term Refinance Second Home SFR 1103662192 7.323 1,560.63 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 6.000 2.000 6.000 14.250 3.500 786 Express No Doc Rate/Term Refinance Second Home SFR 1103662194 6.743 860.69 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 3.750 6.000 2.000 6.000 14.000 3.750 730 Express Verified Assets Rate/Term Refinance Investor SFR 1103662195 7.138 1,538.21 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.750 6.000 2.000 6.000 14.375 3.750 767 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103662198 5.968 790.90 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 12.375 2.875 683 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103662201 6.7175 549.82 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.125 2.875 790 Express Verified Assets Purchase Owner Occupied Condominium 1103662202 7.218 1,121.11 Yes 1YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.625 2.875 692 Express No Doc Cash Out Refinance Investor PUD 1103662203 6.8425 884.02 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.250 2.875 728 Express Verified Assets Purchase Investor Condominium 1103662204 6.218 1,854.48 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 12.625 2.875 661 Express Verified Assets Cash Out Refinance Owner Occupied PUD 1103662205 6.7175 2061.58 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.125 2.875 651 Express Verified Assets Purchase Second Home PUD 1103662207 7.5175 772.86 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 6.000 2.000 6.000 14.875 3.875 714 Express Verified Assets Purchase Investor SFR 1103662209 6.843 946.71 Yes 3YP 0.00 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100401 20100501 36 2.875 6.000 2.000 5.875 13.125 2.875 626 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103662210 6.1375 1485.22 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 3.750 6.000 2.000 6.000 13.375 3.750 722 Express Verified Assets Purchase Owner Occupied Condominium 1103662211 6.593 1,448.85 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.000 2.875 700 Express No Doc Cash Out Refinance Second Home PUD 1103662212 6.1175 1817.76 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.875 2.875 696 Express Verified Assets Purchase Owner Occupied SFR 1103662213 6.143 1,239.58 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.500 6.000 2.000 6.000 13.000 3.500 695 Express Verified Assets Cash Out Refinance Owner Occupied PUD 1103662215 6.968 1,302.92 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.375 2.875 677 Express Verified Assets Rate/Term Refinance Second Home SFR 1103662216 7.2175 1169.17 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.625 2.875 698 Express Verified Assets Purchase Investor PUD 1103662217 6.8175 1752.58 Yes 3YP 48.76 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 4.000 6.000 2.000 6.000 14.625 4.000 668 Stated Purchase Owner Occupied SFR 1103662218 7.093 1,069.80 Yes 3YP 0.00 3/6 LIBOR LIBOR 6 6 20100401 20100501 36 2.875 6.000 2.000 6.000 13.500 2.875 711 Express No Doc Cash Out Refinance Owner Occupied HI-RISE 1103662219 7.968 752.47 Yes 3YP 40.94 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 14.375 2.875 645 Full Cash Out Refinance Investor 2-FAMILY 1103662222 6.343 687.83 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 12.750 2.875 767 Express No Doc Cash Out Refinance Owner Occupied Condominium 1103662223 6.343 2,278.13 Yes 3YP 0.00 3/6 LIBOR IO 120 LIBOR 6 6 20100301 20100401 35 2.875 6.000 2.000 6.000 12.750 2.875 731 Express No Doc Cash Out Refinance Owner Occupied SFR 1103662224 6.468 1,432.29 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 12.875 2.875 670 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103662225 6.913 1,370.63 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.500 4.000 655 Express Verified Assets Cash Out Refinance Owner Occupied PUD 1103662226 6.9675 653.92 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.375 2.875 721 Express No Doc Purchase Second Home Condominium 1103662227 6.5075 1522.65 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.875 6.000 2.000 6.000 13.875 3.875 707 Express Verified Assets Purchase Owner Occupied SFR 1103662229 7.283 2,318.27 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.750 6.000 2.000 6.000 14.500 3.750 683 Express No Doc Cash Out Refinance Owner Occupied SFR 1103662230 6.968 939.32 Yes 1YP 0.00 3/6 LIBOR LIBOR 6 6 20100401 20100501 36 2.875 6.000 2.000 6.000 13.375 2.875 623 Express Verified Assets Cash Out Refinance Investor Condominium 1103662231 6.593 866.25 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.000 2.875 636 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103662232 6.5675 2231.07 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.750 6.000 2.000 6.000 13.875 3.750 702 Express Verified Assets Purchase Investor PUD 1103662233 7.1375 1086.75 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.750 6.000 2.000 6.000 14.375 3.750 744 Express Verified Assets Purchase Investor PUD 1103662234 7.468 4,458.66 Yes 1YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.875 2.875 621 Express Verified Assets Cash Out Refinance Owner Occupied Condominium 1103662270 6.573 2,596.94 Yes 3YP 42.39 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.375 0.000 710 Stated Rate/Term Refinance Owner Occupied SFR 1103662280 6.2175 1219.83 No NO 1.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 686 Express Non-Verified Assets Purchase Owner Occupied SFR 1103662283 5.718 1,347.50 Yes 2YP 42.09 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.125 3.000 699 Stated Cash Out Refinance Investor SFR 1103662288 5.593 2,075.00 Yes 3YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 789 Express No Doc Verified Assets Cash Out Refinance Owner Occupied SFR 1103662300 5.343 2,415.00 Yes 3YP 44.34 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 684 SISA Rate/Term Refinance Owner Occupied SFR 1103662312 5.468 2,447.92 No NO 30.56 5/1 LIBOR IO 120 LIBOR 12 12 20120101 20120201 57 2.500 2.000 2.000 6.000 11.875 2.500 660 Full Cash Out Refinance Owner Occupied Condominium 1103662330 6.843 3,286.67 Yes 3YP 47.91 5/6 LIBOR IO 120 LIBOR 6 6 20120101 20120201 57 2.750 3.000 1.000 6.000 13.250 7.250 668 Stated Cash Out Refinance Owner Occupied SFR 1103662332 7.718 2,691.95 Yes 3YP 11.82 5/1 LIBOR IO 60 LIBOR 12 12 20120401 20120501 60 2.750 5.000 1.000 5.000 13.125 2.750 645 Stated Rate/Term Refinance Investor Condominium 1103662340 6.468 1,864.84 Yes 3YP 35.25 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.500 3.000 1.000 6.000 12.875 3.500 738 Stated Cash Out Refinance Owner Occupied SFR 1103662383 5.968 1,966.42 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 715 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103662400 7.368 725.32 Yes 3YP 0.00 7/6 LIBOR LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 13.775 3.000 782 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103662432 7.2175 1194.58 Yes 1YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.500 3.000 1.000 6.000 13.625 3.500 717 Express Verified Assets Purchase Second Home Condominium 1103662448 6.8425 5606.67 Yes 1YP 44.03 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.250 3.000 706 Stated Purchase Owner Occupied 3-FAMILY 1103662480 7.0025 3478.98 Yes 3YP 40.50 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.750 3.000 1.000 6.000 13.990 3.750 767 Stated Purchase Owner Occupied SFR 1103662494 6.218 984.35 Yes 3YP 39.50 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 670 Stated Rate/Term Refinance Owner Occupied SFR 1103662503 9.092 1,109.93 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 15.500 3.000 662 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103662507 6.218 2,063.69 Yes 2YP 48.97 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 12.625 2.750 666 Stated Rate/Term Refinance Owner Occupied SFR 1103662512 7.0925 836.41 Yes 1YP 25.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.500 3.000 0 Stated Purchase Second Home Condominium 1103662531 7.343 1,343.33 Yes 3YP 46.23 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.750 3.000 637 Stated Cash Out Refinance Owner Occupied 2-FAMILY 1103662564 6.583 2,012.34 No NO 45.88 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 3.000 1.000 6.000 14.500 4.000 638 SISA Cash Out Refinance Owner Occupied PUD 1103662569 6.468 2,681.25 Yes 3YP 41.13 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 696 Stated Rate/Term Refinance Owner Occupied SFR 1103662601 6.343 2,025.00 Yes 5YP 48.07 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.750 3.000 700 Stated Cash Out Refinance Owner Occupied SFR 1103662663 6.468 940.47 Yes 3YP 22.91 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 677 Full Cash Out Refinance Owner Occupied SFR 1103662668 5.4675 1523.58 Yes 1YP 41.62 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.875 3.000 712 Stated Purchase Owner Occupied Condominium 1103662693 5.968 2,454.38 Yes 3YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.375 3.000 689 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 1103662735 5.968 2,576.56 No NO 51.04 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.375 3.000 709 Stated Rate/Term Refinance Investor SFR 1103662753 5.4675 2232.5 No NO 38.18 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.875 3.000 718 SISA Purchase Owner Occupied SFR 1103662757 8.9675 1218.75 No NO 33.56 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 15.375 3.000 690 SISA Purchase Investor SFR 1103662771 6.5825 2236.8 Yes 3YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.990 3.000 698 Express Verified Assets Purchase Owner Occupied SFR 1103662812 6.8625 2436.16 Yes 3YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 14.250 3.875 708 Express Verified Assets Purchase Owner Occupied Condominium 1103662845 6.593 1,936.67 Yes 3YP 25.01 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.000 3.000 783 Stated Cash Out Refinance Investor SFR 1103662885 7.093 1,531.25 Yes 2YP 1.00 2/6 LIBOR IO 120 LIBOR 6 6 20090301 20090401 23 2.875 3.000 1.000 6.000 13.500 2.875 646 Express Non-Verified Assets Rate/Term Refinance Investor SFR 1103662897 7.2175 541.88 Yes 3YP 30.64 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.500 0.000 631 Stated Purchase Investor SFR 1103663049 8.692 811.83 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 15.100 3.000 754 Express No Doc Cash Out Refinance Owner Occupied SFR 1103663092 6.593 3,225.83 Yes 3YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.000 3.000 670 Express Verified Assets Rate/Term Refinance Investor HI-RISE 1103663135 7.5425 3180 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.950 3.000 742 Express Verified Assets Purchase Owner Occupied SFR 1103663313 6.343 2,353.50 Yes 3YP 1.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.750 3.000 654 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103663337 8.8425 1338.17 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 15.250 9.250 726 Stated Purchase Investor 4-FAMILY 1103663343 8.2175 3382.73 Yes 1YP 29.69 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 14.625 8.625 701 Stated Purchase Investor 4-FAMILY 1103663354 6.8425 1748 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.125 0.000 704 Express Non-Verified Assets Purchase Owner Occupied D-PUDS 1103663356 8.9525 1292.53 Yes 1YP 40.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.500 3.000 1.000 6.000 16.000 4.500 726 Stated Purchase Investor D-PUDS 1103663365 7.5825 1251.77 Yes 1YP 28.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 13.990 7.990 678 Stated Purchase Owner Occupied SFR 1103663519 5.8425 726.08 Yes 3YP 32.91 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 790 Full Purchase Owner Occupied SFR 1103663537 7.093 1,675.00 Yes 6MP 23.60 2/6 LIBOR IO 120 LIBOR 6 6 20090301 20090401 23 2.875 3.000 1.000 6.000 13.500 2.875 658 Stated Cash Out Refinance Second Home SFR 1103663569 6.968 844.32 Yes 3YP 30.70 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.250 0.000 677 Stated Cash Out Refinance Owner Occupied SFR 1103663625 7.4675 811.17 No NO 32.04 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.750 0.000 759 Stated Purchase Investor SFR 1103663638 6.9675 832.26 Yes 3YP 49.54 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.250 0.000 650 Stated Purchase Owner Occupied D-PUDS 1103663705 6.843 1,063.33 Yes 3YP 40.98 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 13.250 7.250 673 Stated Cash Out Refinance Owner Occupied PUD 1103663861 6.8925 1165.47 Yes 3YP 25.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.300 3.000 0 Full Purchase Second Home Condominium 1103663873 6.858 1,824.17 Yes 3YP 44.70 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 14.375 8.375 630 SISA Rate/Term Refinance Owner Occupied SFR 1103664231 7.3425 1089.53 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.750 2.875 733 Express Verified Assets Purchase Investor Condominium 1103664232 7.468 1,233.75 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 2.875 6.000 2.000 6.000 13.875 2.875 622 Express No Doc Cash Out Refinance Investor SFR 1103664241 7.6925 1352.81 Yes 1YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.750 6.000 2.000 6.000 15.000 3.750 706 Express Verified Assets Purchase Investor Condominium 1103664242 7.4425 1260.84 Yes 1YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.750 6.000 2.000 6.000 14.750 3.750 706 Express Verified Assets Purchase Investor Condominium 1103664248 7.2825 1026.33 No NO 41.38 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 3.750 6.000 2.000 6.000 14.500 3.750 735 Full Purchase Investor 2-FAMILY 1103664253 6.9075 613.1 No NO 42.37 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.750 6.000 2.000 6.000 14.125 3.750 713 Full Purchase Investor SFR 1103664259 6.9425 850.75 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.750 6.000 2.000 6.000 14.250 3.750 709 Express Verified Assets Purchase Investor Condominium 1103664260 7.218 1,531.67 Yes 3YP 0.00 3/6 LIBOR LIBOR 6 6 20100401 20100501 36 2.875 6.000 2.000 6.000 13.625 2.875 641 Express No Doc Cash Out Refinance Investor SFR 1103664261 6.4075 586.48 Yes 3YP 37.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.750 6.000 2.000 6.000 13.625 3.750 767 Full Purchase Investor SFR 1103664262 7.7175 1299.32 Yes 3YP 39.84 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 14.125 2.875 628 Stated Purchase Owner Occupied Condominium 1103664263 7.4675 798 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.875 2.875 686 Express Verified Assets Purchase Investor 2-FAMILY 1103664266 7.6175 2569.01 No NO 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.750 6.000 2.000 6.000 14.875 3.750 724 Express Verified Assets Purchase Investor 2-FAMILY 1103664270 7.0125 1546.79 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.750 6.000 2.000 6.000 14.250 3.750 762 Express Verified Assets Purchase Investor PUD 1103664276 6.4675 2205.73 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 12.875 2.875 686 Express Verified Assets Purchase Owner Occupied PUD 1103664281 7.1175 1339.92 No NO 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.875 4.000 687 Express Verified Assets Purchase Owner Occupied PUD 1103664284 7.1875 2192.87 No NO 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.625 6.000 2.000 6.000 14.375 3.625 767 Express Verified Assets Purchase Investor Condominium 1103664285 7.1875 1208.41 No NO 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.625 6.000 2.000 6.000 14.375 3.625 767 Express Verified Assets Purchase Investor SFR 1103664290 7.343 2,987.95 No NO 48.81 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100401 20100501 36 2.875 6.000 2.000 6.000 13.750 2.875 653 Stated Cash Out Refinance Owner Occupied 2-FAMILY 1103664292 6.8425 850.16 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 13.250 2.875 757 Express Verified Assets Purchase Investor Condominium 1103664300 8.467 1,146.35 Yes 3YP 42.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 14.875 2.875 630 Stated Cash Out Refinance Owner Occupied Condominium 1103664301 8.467 1,567.92 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 14.875 2.875 627 Express No Doc Cash Out Refinance Investor PUD 1103664310 6.0625 1354.54 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.750 6.000 2.000 6.000 13.250 3.750 707 Express No Doc Purchase Second Home SFR 1103664311 7.7175 880.89 Yes 3YP 9.23 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 14.125 2.875 634 Stated Purchase Owner Occupied SFR 1103664314 7.4175 3250.52 Yes 3YP 33.66 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 15.875 4.000 655 Stated Purchase Owner Occupied SFR 1103664316 7.1575 1335.79 Yes 3YP 49.91 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.750 6.000 2.000 6.000 14.375 3.750 748 Full Purchase Investor SFR 1103664318 7.593 5,515.91 Yes 1YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 2.875 6.000 2.000 6.000 14.000 2.875 626 Express No Doc Rate/Term Refinance Owner Occupied SFR 1103664321 7.0925 2372.34 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.750 4.000 695 Express Verified Assets Purchase Investor Condominium 1103664324 7.3075 3808.76 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.875 4.000 663 Express No Doc Purchase Owner Occupied PUD 1103664327 6.1375 798.09 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 3.750 6.000 2.000 6.000 13.375 3.750 727 Express Verified Assets Purchase Owner Occupied SFR 1103664328 6.5175 2158.8 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.625 6.000 2.000 6.000 13.625 3.625 775 Express Verified Assets Purchase Owner Occupied PUD 1103664331 6.6575 2064.48 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.625 4.000 660 Express Verified Assets Purchase Owner Occupied Condominium 1103664335 6.8675 2339.25 No NO 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.625 4.000 696 Express Verified Assets Purchase Owner Occupied SFR 1103664340 7.4675 1140.56 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.875 2.875 655 Express No Doc Purchase Investor Condominium 1103664341 7.0325 1377.48 Yes 3YP 43.87 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100401 20100501 36 4.000 6.000 2.000 6.000 14.500 4.000 743 Full Purchase Investor Condominium 1103664343 7.7175 1390.68 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 15.375 4.000 697 Express Verified Assets Purchase Investor PUD 1103664348 7.9175 634.78 No NO 47.56 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 10.500 0.000 639 Stated Purchase Owner Occupied Condominium 1103664349 7.343 707.79 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.625 0.000 643 Express No Doc Cash Out Refinance Owner Occupied SFR 1103664352 6.5925 2176.4 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 663 Express Verified Assets Purchase Owner Occupied PUD 1103664353 6.968 1,623.58 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.250 0.000 650 Express No Doc Cash Out Refinance Owner Occupied SFR 1103664356 7.468 1,397.00 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.750 0.000 588 Express No Doc Cash Out Refinance Owner Occupied PUD 1103664358 6.968 1,064.84 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.250 0.000 608 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103664359 7.6075 1558.15 Yes 3YP 48.30 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 9.000 0.000 693 Full Purchase Investor PUD 1103664361 7.8425 407.63 No NO 45.13 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 8.125 0.000 775 Full Purchase Investor 2-FAMILY 1103664362 8.4675 529.92 No NO 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.750 0.000 681 Express Verified Assets Purchase Investor Condominium 1103664364 6.843 1,485.55 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.125 0.000 615 Express No Doc Rate/Term Refinance Owner Occupied PUD 1103664365 7.843 1,828.13 No NO 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.125 0.000 619 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103664367 7.5925 1782.78 Yes 3YP 0.00 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 7.875 0.000 665 Express Verified Assets Purchase Owner Occupied PUD 1103664368 6.968 1,228.17 Yes 3YP 0.00 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 7.250 0.000 605 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103664371 8.342 915.07 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 8.625 0.000 619 Express No Doc Cash Out Refinance Investor PUD 1103664374 7.9675 581.28 Yes 1YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.250 0.000 747 Express Verified Assets Purchase Investor SFR 1103664377 8.0925 1054.94 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 8.375 0.000 677 Express No Doc Purchase Owner Occupied SFR 1103664378 6.593 1,403.65 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 612 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103664379 7.5925 911.63 Yes 3YP 43.62 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 7.875 0.000 628 Stated Purchase Owner Occupied Condominium 1103664381 7.343 997.65 Yes 3YP 0.00 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 7.625 0.000 590 Express Verified Assets Rate/Term Refinance Owner Occupied PUD 1103664382 8.592 954.77 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 8.875 0.000 610 Express Verified Assets Cash Out Refinance Investor SFR 1103664384 7.843 1,320.31 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.125 0.000 616 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103664386 7.4075 492.1 Yes 3YP 44.77 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 8.500 0.000 727 Full Purchase Investor SFR 1103664389 7.8125 1017.39 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 8.875 0.000 750 Express Verified Assets Purchase Investor PUD 1103664392 6.968 2,220.48 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.250 0.000 605 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103664393 7.593 659.81 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.875 0.000 618 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103664394 6.5075 2868.87 Yes 3YP 0.00 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 7.750 0.000 723 Express Verified Assets Purchase Owner Occupied SFR 1103664395 7.2175 1041.83 Yes 1YP 36.24 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.500 0.000 694 Full Purchase Investor PUD 1103664397 8.0925 1494.68 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 8.375 0.000 706 Express Verified Assets Purchase Investor SFR 1103664398 6.9675 2650.8 Yes 3YP 0.00 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 7.250 0.000 602 Express Verified Assets Purchase Owner Occupied SFR 1103664399 7.7175 623.88 No NO 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 8.000 0.000 670 Express No Doc Purchase Owner Occupied SFR 1103664400 7.6575 645.09 Yes 3YP 47.44 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 8.750 0.000 714 Full Purchase Investor SFR 1103664402 7.4075 653.58 Yes 1YP 48.21 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 8.500 0.000 783 Full Purchase Investor SFR 1103664591 7.2175 1677.5 Yes 3YP 43.47 5/6 LIBOR IO 120 LIBOR 6 6 20111201 20120101 56 2.500 3.000 1.000 6.000 13.625 2.500 633 Stated Purchase Owner Occupied Condominium 1103665109 6.5925 3406.67 No NO 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.500 5.000 1.000 5.000 12.000 4.500 689 Express Verified Assets Purchase Owner Occupied SFR 1103665110 6.8425 3192.58 No NO 43.22 5/6 LIBOR LIBOR 6 6 20120201 20120301 58 2.500 5.000 1.000 5.000 12.250 4.750 657 Stated Purchase Owner Occupied 2-FAMILY 1103665111 7.0925 2824.83 Yes 3YP 44.20 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.750 5.000 2.000 5.000 12.500 4.750 623 Stated Purchase Owner Occupied SFR 1103665112 7.0925 2175 Yes 3YP 42.63 5/6 LIBOR IO 60 LIBOR 6 6 20120201 20120301 58 5.000 5.000 1.000 5.000 12.500 5.000 626 Stated Purchase Owner Occupied SFR 1103665113 7.0925 3750 No NO 42.30 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.250 5.000 1.000 5.000 12.500 5.000 682 Stated Purchase Owner Occupied SFR 1103665114 6.468 1,305.65 Yes 3YP 28.78 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.500 5.000 1.000 5.000 11.875 4.625 670 Stated Cash Out Refinance Investor SFR 1103665115 6.7175 1705.25 No NO 47.92 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.250 5.000 1.000 5.000 12.125 4.875 663 Full Purchase Owner Occupied SFR 1103665116 7.0925 860 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.625 5.000 1.000 5.000 12.500 4.875 719 Express Verified Assets Purchase Owner Occupied SFR 1103665117 6.468 2,612.50 No NO 44.90 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.500 5.000 1.000 5.000 11.875 4.375 664 Stated Cash Out Refinance Owner Occupied SFR 1103665118 6.968 1,647.08 No NO 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120201 20120301 58 2.500 5.000 1.000 5.000 12.375 4.725 633 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103665120 6.7425 1780.44 Yes 3YP 43.60 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.250 6.000 2.000 6.000 13.150 4.900 731 Stated Purchase Investor SFR 1103665122 6.593 7,758.33 No NO 43.80 5/6 LIBOR IO 60 LIBOR 6 6 20120201 20120301 58 2.500 5.000 1.000 5.000 12.000 4.500 665 Stated Cash Out Refinance Owner Occupied SFR 1103665123 6.5925 3454.25 Yes 3YP 47.70 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.500 5.000 1.000 5.000 12.000 4.470 663 Stated Purchase Owner Occupied SFR 1103665125 5.9675 2486.25 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.500 5.000 1.000 5.000 11.375 4.725 712 Express Verified Assets Purchase Owner Occupied SFR 1103665126 6.9675 2974.58 Yes 3YP 44.74 5/6 LIBOR IO 60 LIBOR 6 6 20120201 20120301 58 2.250 5.000 1.000 5.000 12.375 5.000 681 Express Verified Assets Purchase Owner Occupied SFR 1103665127 6.7175 2867.35 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120101 20120201 57 2.500 5.000 1.000 5.000 12.125 4.875 641 Express Verified Assets Purchase Owner Occupied SFR 1103665128 7.343 5,444.73 No NO 44.70 5/6 LIBOR LIBOR 6 6 20120201 20120301 58 2.250 5.000 1.000 5.000 12.750 5.000 659 Stated Cash Out Refinance Owner Occupied SFR 1103665129 6.343 3,825.00 Yes 3YP 39.24 5/6 LIBOR IO 60 LIBOR 6 6 20120201 20120301 58 2.500 5.000 1.000 5.000 11.750 4.250 680 Stated Rate/Term Refinance Owner Occupied SFR 1103665130 6.5925 3432.96 No NO 43.90 5/6 LIBOR LIBOR 6 6 20120201 20120301 58 2.500 5.000 1.000 5.000 12.000 4.500 678 Stated Purchase Owner Occupied SFR 1103665131 6.468 1,283.33 No NO 44.03 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.500 5.000 1.000 5.000 11.875 4.375 628 Stated Rate/Term Refinance Owner Occupied SFR 1103665133 6.4675 1759.77 Yes 3YP 41.22 5/6 LIBOR IO 60 LIBOR 6 6 20120101 20120201 57 2.500 5.000 1.000 5.000 11.875 4.375 672 Stated Purchase Owner Occupied SFR 1103665134 7.8425 1226.5 No NO 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 3.375 5.000 1.000 5.000 13.250 4.875 715 Express Verified Assets Purchase Investor SFR 1103665135 6.0925 1279.06 Yes 1YP 41.19 5/6 LIBOR IO 60 LIBOR 6 6 20120101 20120201 57 2.500 5.000 1.000 5.000 11.500 4.000 649 Stated Purchase Owner Occupied SFR 1103665136 6.4675 1146.1 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20111201 20120101 56 2.500 5.000 1.000 5.000 11.875 4.375 700 Express No Doc Purchase Owner Occupied SFR 1103665137 7.4675 1019.45 No NO 41.17 5/6 LIBOR IO 60 LIBOR 6 6 20120201 20120301 58 2.875 5.000 1.000 5.000 12.875 5.000 666 Stated Purchase Owner Occupied Condominium 1103665140 6.5925 3159.78 No NO 39.32 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 2.500 5.000 1.000 5.000 12.000 4.500 746 Stated Purchase Second Home SFR 1103665141 6.843 1,364.35 Yes 1YP 40.78 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 2.500 5.000 1.000 5.000 12.250 4.750 664 Stated Cash Out Refinance Owner Occupied SFR 1103665142 6.968 2,873.21 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120101 20120201 57 2.500 5.000 1.000 5.000 12.375 4.725 676 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103665143 6.718 5,818.75 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.500 5.000 1.000 5.000 12.125 4.625 708 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103665144 6.7175 2303.75 No NO 44.84 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.500 5.000 1.000 5.000 12.125 4.625 740 Stated Purchase Owner Occupied 2-FAMILY 1103665145 7.0925 1825 Yes 3YP 36.25 5/6 LIBOR IO 60 LIBOR 6 6 20120201 20120301 58 2.625 5.000 1.000 5.000 12.500 4.875 721 Stated Purchase Owner Occupied Condominium 1103665147 6.5925 2671.85 Yes 3YP 41.20 7/6 LIBOR LIBOR 6 6 20140101 20140201 81 2.500 5.000 1.000 5.000 12.000 4.500 702 Stated Purchase Owner Occupied SFR 1103665148 6.5925 2543.33 No NO 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120301 20120401 59 2.500 5.000 1.000 5.000 12.000 4.500 756 Express Verified Assets Purchase Owner Occupied SFR 1103665149 7.0925 3125 No NO 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120201 20120301 58 2.625 5.000 1.000 5.000 12.500 4.875 656 Express Verified Assets Purchase Owner Occupied SFR 1103665150 7.7175 2880 Yes 3YP 0.00 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.000 0.000 625 Express Verified Assets Purchase Owner Occupied SFR 1103665151 7.593 2,231.25 No NO 0.00 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.875 0.000 687 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103665152 7.5925 1968.75 No NO 0.00 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.875 0.000 622 Express Verified Assets Purchase Owner Occupied SFR 1103665153 7.5925 2736.56 Yes 3YP 43.20 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.875 0.000 646 Stated Purchase Owner Occupied SFR 1103665154 8.0925 2361.75 No NO 0.00 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.375 0.000 620 Express Verified Assets Purchase Owner Occupied Condominium 1103665156 8.4675 2216.48 No NO 0.00 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.750 0.000 733 Express Verified Assets Purchase Investor SFR 1103665157 6.093 2,826.13 No NO 41.24 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 721 Stated Cash Out Refinance Owner Occupied SFR 1103665158 7.9675 1281.5 Yes 3YP 40.76 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.250 0.000 711 Stated Purchase Investor SFR 1103665159 7.0925 1514.33 Yes 3YP 29.00 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.375 0.000 734 Stated Purchase Second Home SFR 1103665160 7.3425 686.25 No NO 37.60 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.625 0.000 690 Stated Purchase Owner Occupied SFR 1103665161 8.3425 1075.25 No NO 32.90 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.625 0.000 679 Stated Purchase Investor SFR 1103665162 7.4675 2893.33 Yes 3YP 35.50 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.750 0.000 711 Stated Purchase Owner Occupied 2-FAMILY 2503153673 11.0675 1317.27 No NO 49.99 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.600 0.000 684 Stated Purchase Owner Occupied 3-FAMILY 2503164097 8.292 2,417.16 Yes 3YP 48.21 3/6 LIBOR 40/30 BAL LIBOR 6 6 20090701 20090801 27 5.550 3.000 1.000 6.000 14.700 8.700 598 Full Cash Out Refinance Owner Occupied SFR 2503180761 12.3425 997.76 Yes 2YP 46.29 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.875 0.000 634 Stated Purchase Owner Occupied SFR 2503184571 11.2175 595.55 Yes 2YP 53.27 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.750 0.000 635 Full Purchase Owner Occupied D-PUDS 2503185841 12.2075 499.52 Yes 3YP 41.01 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.740 0.000 635 Stated Purchase Owner Occupied SFR 2503188998 11.9675 672.37 Yes 2YP 47.44 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 653 Stated Purchase Owner Occupied SFR 2503189258 11.363 497.51 Yes 2YP 36.40 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.895 0.000 752 Stated Cash Out Refinance Owner Occupied Condominium 2503189762 12.168 281.53 Yes 3YP 33.16 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.700 0.000 624 Stated Cash Out Refinance Owner Occupied SFR 2503190770 11.7575 367.85 No NO 34.67 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.290 0.000 706 Stated Purchase Investor SFR 2503191818 12.158 300.33 Yes 3YP 37.88 30/15 FIXED BAL IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 12.690 0.000 696 Stated Cash Out Refinance Investor SFR 2503191847 11.2175 689.43 Yes 1YP 48.33 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.750 0.000 686 Stated Purchase Owner Occupied Condominium 2503193131 10.2075 496.68 Yes 3YP 33.27 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.740 0.000 706 Stated Purchase Owner Occupied Condominium 2503194961 11.593 1,360.10 Yes 3YP 25.16 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.125 0.000 689 Stated Cash Out Refinance Investor D-PUDS 2503195310 10.3575 903.43 Yes 3YP 43.91 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.890 0.000 684 Stated Purchase Owner Occupied Condominium 2503195664 11.4675 779.15 No NO 28.93 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.000 0.000 693 Stated Purchase Owner Occupied Condominium 2503195675 12.7175 270.19 Yes 2YP 42.26 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.250 0.000 648 Full Purchase Investor SFR 2503195750 6.593 2,800.00 Yes 3YP 29.81 5/6 LIBOR IO 60 LIBOR 6 6 20120201 20120301 58 3.000 3.000 1.000 6.000 13.000 3.000 661 Stated Rate/Term Refinance Owner Occupied SFR 2503195826 11.8575 1720.44 No NO 49.08 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.390 0.000 741 Stated Purchase Owner Occupied 4-FAMILY 2503196100 10.918 813.84 Yes 3YP 42.60 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.450 0.000 692 Stated Cash Out Refinance Owner Occupied Condominium 2503196609 12.0675 217.69 No NO 49.94 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.600 0.000 686 Stated Purchase Investor 4-FAMILY 2503196781 11.3875 511.23 No NO 45.09 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.920 0.000 697 Stated Purchase Investor 2-FAMILY 2503197046 11.4025 268.7 No NO 41.36 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.935 0.000 691 Stated Purchase Investor Condominium 2503197386 13.4175 500.41 No NO 46.91 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.950 0.000 692 Stated Purchase Investor Condominium 2503197397 11.4425 360.37 No NO 37.10 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.975 0.000 684 Stated Purchase Owner Occupied Condominium 2503198076 13.3675 560.23 No NO 40.19 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.900 0.000 647 Stated Purchase Second Home HI-RISE 2503198220 8.5825 1125.46 Yes 2YP 44.64 2/6 LIBOR LIBOR 6 6 20090301 20090401 23 6.550 3.000 1.000 6.000 14.990 8.990 649 Stated Purchase Owner Occupied SFR 2503198749 12.7075 373.5 No NO 42.59 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.240 0.000 689 Stated Purchase Investor 2-FAMILY 2503198867 12.0575 803 No NO 37.94 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.590 0.000 668 Stated Purchase Owner Occupied Townhouse 2503199274 5.468 940.00 Yes 3YP 41.11 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 701 Stated Rate/Term Refinance Investor PUD 2503199481 13.868 1,627.21 No NO 47.79 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.400 0.000 642 Stated Cash Out Refinance Investor SFR 2503199678 11.983 641.05 Yes 1YP 39.82 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.515 0.000 684 Stated Cash Out Refinance Investor SFR 2503199806 12.7175 440.74 Yes 1YP 48.96 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.250 0.000 682 Stated Purchase Investor Condominium 2503200154 13.0675 278.65 No NO 48.19 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.600 0.000 670 Stated Purchase Investor SFR 2503200183 12.7675 482.95 No NO 47.41 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.300 0.000 665 Stated Purchase Investor SFR 2503200602 12.4575 400.71 Yes 2YP 50.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.990 0.000 655 Stated Purchase Second Home Condominium 2503200917 12.1675 314.01 Yes 3YP 49.92 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.700 0.000 650 Stated Purchase Owner Occupied SFR 2503200927 14.368 288.98 Yes 2YP 46.89 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.900 0.000 641 Stated Cash Out Refinance Investor Condominium 2503200932 12.2425 366.87 No NO 41.76 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.775 0.000 720 Stated Purchase Investor Condominium 2503201011 12.2425 448.52 No NO 45.48 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.775 0.000 724 Stated Purchase Investor Condominium 2503201271 12.2975 1621.9 No NO 44.24 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.830 0.000 643 Stated Purchase Owner Occupied 4-FAMILY 2503201291 11.3175 874.69 No NO 41.88 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.850 0.000 693 Stated Purchase Owner Occupied HI-RISE 2503201423 12.468 420.36 No NO 37.54 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.000 0.000 653 Stated Cash Out Refinance Owner Occupied SFR 2503201732 11.6075 394.97 No NO 36.61 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.140 0.000 673 Stated Purchase Owner Occupied SFR 2503201750 11.768 465.40 Yes 2YP 47.55 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.300 0.000 695 Stated Cash Out Refinance Investor D-PUDS 2503201982 12.3425 868.38 No NO 38.64 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.875 0.000 702 Stated Purchase Investor 4-FAMILY 2503202208 13.2175 964.13 No NO 49.98 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.750 0.000 674 Stated Purchase Investor Condominium 2503202420 12.7075 393.75 No NO 44.01 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.240 0.000 691 Stated Purchase Investor 2-FAMILY 2503202514 10.343 326.25 No NO 31.04 30/15 FIXED BAL IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 10.875 0.000 669 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503202548 11.4575 781.16 Yes 2YP 45.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.990 0.000 620 Full Purchase Owner Occupied SFR 2503202609 12.218 415.66 No NO 37.98 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.750 0.000 684 Stated Rate/Term Refinance Investor SFR 2503202645 11.838 509.03 No NO 39.23 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.370 0.000 653 Stated Cash Out Refinance Second Home D-PUDS 2503202757 8.5775 3387.15 Yes 2YP 42.41 2/6 LIBOR 40/30 BAL LIBOR 6 6 20090301 20090401 23 5.550 3.000 1.000 6.000 17.125 11.125 607 Stated Purchase Owner Occupied PUD 2503203013 12.1575 529.65 Yes 3YP 41.82 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.690 0.000 658 Full Purchase Owner Occupied Condominium 2503203247 11.3675 558.95 Yes 3YP 40.48 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.900 0.000 676 Stated Purchase Investor SFR 2503203341 12.5175 997.43 No NO 47.54 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 13.050 0.000 693 Stated Purchase Investor SFR 2503203461 11.8575 583.89 No NO 35.69 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.390 0.000 716 Stated Purchase Investor Condominium 2503203466 10.4575 475.59 No NO 50.45 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.990 0.000 702 Stated Purchase Owner Occupied D-PUDS 2503203513 11.3925 606.03 No NO 30.96 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.925 0.000 712 Stated Purchase Investor SFR 2503203514 11.888 1,244.62 Yes 1YP 31.11 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.420 0.000 704 Stated Cash Out Refinance Investor 2-FAMILY 2503203529 13.7175 384.3 No NO 29.37 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.250 0.000 674 Stated Purchase Investor 2-FAMILY 2503203574 11.618 538.29 Yes 3YP 34.81 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.150 0.000 693 Stated Rate/Term Refinance Investor D-PUDS 2503203584 12.2575 420.67 Yes 3YP 42.82 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.790 0.000 667 Stated Purchase Investor PUD 2503203710 12.468 414.82 Yes 2YP 52.96 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.000 0.000 675 Stated Cash Out Refinance Investor SFR 2503203782 11.9675 544.3 Yes 2YP 42.64 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 625 Full Purchase Owner Occupied Condominium 2503203852 11.158 316.52 No NO 40.87 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.690 0.000 724 Stated Cash Out Refinance Investor D-PUDS 2503203861 11.2675 500.04 No NO 34.98 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.800 0.000 713 Stated Purchase Investor SFR 2503203896 11.268 375.41 Yes 3YP 30.28 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.800 0.000 622 Full Cash Out Refinance Owner Occupied D-PUDS 2503203994 11.6675 305.38 No NO 38.87 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.200 0.000 668 Stated Purchase Investor 2-FAMILY 2503204068 12.5175 637.2 No NO 42.47 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.050 0.000 669 Stated Purchase Investor D-PUDS 2503204087 12.6075 1281.93 No NO 21.82 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.140 0.000 734 Stated Purchase Investor 2-FAMILY 2503204151 11.9825 1044.92 No NO 37.42 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.515 0.000 734 Stated Purchase Investor 2-FAMILY 2503204218 11.4675 324.01 No NO 32.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.000 0.000 710 Stated Purchase Investor SFR 2503204310 11.983 797.04 Yes 1YP 47.75 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.515 0.000 646 Stated Cash Out Refinance Owner Occupied SFR 2503204389 11.3675 458.85 No NO 30.92 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.900 0.000 703 Stated Purchase Investor D-PUDS 2503204520 12.458 1,193.85 Yes 1YP 43.43 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.990 0.000 682 Stated Cash Out Refinance Investor 2-FAMILY 2503204614 10.9675 2401.46 No NO 46.72 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.500 0.000 725 Stated Purchase Owner Occupied 3-FAMILY 2503204710 12.3675 744.71 No NO 32.23 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.900 0.000 697 Stated Purchase Investor 2-FAMILY 2503204754 12.518 263.65 Yes 3YP 30.41 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.050 0.000 664 Full Cash Out Refinance Investor SFR 2503204783 11.328 603.08 No NO 39.80 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.860 0.000 631 Full Rate/Term Refinance Owner Occupied SFR 2503204824 12.3575 370.97 No NO 35.69 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.890 0.000 697 Stated Purchase Investor Condominium 2503204848 7.3425 1343.27 Yes 3YP 49.99 3/6 LIBOR LIBOR 6 6 20100301 20100401 35 5.650 3.000 1.000 6.000 13.750 7.750 637 Full Purchase Owner Occupied SFR 2503204851 11.9075 664.13 Yes 3YP 49.99 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.440 0.000 637 Full Purchase Owner Occupied SFR 2503204853 11.093 379.94 Yes 2YP 32.79 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.625 0.000 656 Stated Cash Out Refinance Second Home SFR 2503204863 12.243 345.10 No NO 31.71 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.775 0.000 670 Stated Cash Out Refinance Investor SFR 2503204878 13.1375 477.43 Yes 1YP 47.69 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.670 0.000 672 Stated Purchase Investor 2-FAMILY 2503204980 11.7575 591.18 No NO 41.92 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.290 0.000 685 Stated Purchase Investor SFR 2503205026 11.458 925.06 Yes 2YP 39.34 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.990 0.000 729 Stated Cash Out Refinance Investor Condominium 2503205029 10.8675 663.3 No NO 39.06 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.400 0.000 649 Stated Purchase Owner Occupied 3-FAMILY 2503205117 13.843 801.65 No NO 36.69 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.375 0.000 652 Stated Cash Out Refinance Investor PUD 2503205315 11.6175 586.66 No NO 40.81 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.150 0.000 720 Stated Purchase Investor Condominium 2503205391 11.366 385.85 No NO 36.46 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.898 0.000 666 Stated Cash Out Refinance Owner Occupied SFR 2503205411 11.4575 706.13 No NO 33.23 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.990 0.000 711 Stated Purchase Investor D-PUDS 2503205470 11.9675 1280.71 No NO 49.98 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 646 Stated Purchase Owner Occupied 2-FAMILY 2503205693 11.668 803.91 No NO 41.03 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.200 0.000 668 Stated Rate/Term Refinance Owner Occupied SFR 2503205877 13.0275 793.59 No NO 39.78 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.560 0.000 685 Stated Purchase Investor D-PUDS 2503205980 12.738 279.02 No NO 36.50 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.270 0.000 666 Stated Cash Out Refinance Investor SFR 2503206098 7.293 1,604.17 Yes 3YP 36.60 5/6 LIBOR IO 60 LIBOR 6 6 20120201 20120301 58 5.550 3.000 1.000 6.000 13.700 7.700 644 SISA Cash Out Refinance Owner Occupied SFR 2503206108 11.4675 800.26 No NO 46.75 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.000 0.000 674 Stated Purchase Owner Occupied Condominium 2503206109 10.3575 649.01 No NO 37.35 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.890 0.000 793 Stated Purchase Owner Occupied 3-FAMILY 2503206237 7.9625 2885.89 Yes 3YP 42.53 3/6 LIBOR LIBOR 6 6 20100301 20100401 35 5.550 3.000 1.000 6.000 16.250 10.250 625 Stated Purchase Owner Occupied D-PUDS 2503206315 12.2365 500.56 Yes 1YP 32.28 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.769 0.000 693 Stated Purchase Investor Condominium 2503206352 12.058 1,208.53 No NO 41.85 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.590 0.000 641 Stated Rate/Term Refinance Investor SFR 2503206378 13.683 248.80 Yes 1YP 43.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.215 0.000 656 Stated Cash Out Refinance Investor PUD 2503206545 12.068 470.32 Yes 3YP 44.86 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.600 0.000 662 Stated Cash Out Refinance Owner Occupied Condominium 2503206612 12.2075 705.84 No NO 44.69 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.740 0.000 655 Stated Purchase Owner Occupied 3-FAMILY 2503206661 14.0175 506.77 No NO 44.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.550 0.000 652 Stated Purchase Investor SFR 2503206665 6.218 883.63 Yes 3YP 45.16 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 6.550 3.000 1.000 6.000 12.625 6.550 612 Stated Cash Out Refinance Owner Occupied Condominium 2503206762 10.308 490.81 Yes 2YP 37.79 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.840 0.000 657 Stated Cash Out Refinance Owner Occupied D-PUDS 2503206786 10.368 914.54 No NO 46.34 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.900 0.000 704 Stated Rate/Term Refinance Owner Occupied Condominium 2503206794 11.618 689.12 No NO 29.20 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.150 0.000 702 Stated Cash Out Refinance Investor SFR 2503206867 12.658 1,051.00 No NO 41.95 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.190 0.000 642 Stated Cash Out Refinance Owner Occupied SFR 2503206879 11.7175 335.33 No NO 47.84 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.250 0.000 674 Stated Purchase Investor SFR 2503206902 11.8575 1111.67 No NO 39.65 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.390 0.000 704 Stated Purchase Investor 3-FAMILY 2503206915 12.7575 474.03 No NO 35.43 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.290 0.000 671 Stated Purchase Investor PUD 2503206917 6.7025 3436.5 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.110 3.000 695 Express No Doc Purchase Owner Occupied D-PUDS 2503207027 6.5825 1620.04 Yes 2YP 43.50 2/6 LIBOR LIBOR 6 6 20090301 20090401 23 6.650 3.000 1.000 6.000 12.990 6.990 621 Full Purchase Owner Occupied D-PUDS 2503207030 11.0745 811.25 Yes 2YP 46.46 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.607 0.000 621 Full Purchase Owner Occupied D-PUDS 2503207055 12.568 300.79 No NO 43.66 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.100 0.000 658 Stated Cash Out Refinance Investor Townhouse 2503207166 11.6675 563.78 Yes 3YP 41.28 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.200 0.000 695 Stated Purchase Investor SFR 2503207362 11.9575 1234.45 No NO 41.64 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.490 0.000 690 Stated Purchase Investor PUD 2503207365 12.608 1,843.30 No NO 31.45 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.140 0.000 693 Stated Cash Out Refinance Investor 2-FAMILY 2503207441 6.5325 2128.92 Yes 2YP 49.37 2/6 LIBOR 40/30 BAL LIBOR 6 6 20090301 20090401 23 5.550 3.000 1.000 6.000 12.940 6.940 634 Full Purchase Owner Occupied SFR 2503207460 12.0775 1237.17 Yes 2YP 47.53 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.610 0.000 634 Full Purchase Owner Occupied SFR 2503207462 11.318 854.35 Yes 2YP 43.27 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.850 0.000 669 Stated Rate/Term Refinance Owner Occupied SFR 2503207487 12.2075 389.28 No NO 43.04 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.740 0.000 698 Stated Purchase Investor Condominium 2503207506 11.958 391.93 No NO 28.08 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.490 0.000 690 Stated Cash Out Refinance Investor SFR 2503207511 6.893 4,085.20 Yes 3YP 49.30 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100301 20100401 35 6.550 3.000 1.000 6.000 13.300 7.300 608 Stated Cash Out Refinance Owner Occupied SFR 2503207516 13.2575 518.71 No NO 47.12 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.790 0.000 657 Stated Purchase Investor SFR 2503207647 5.843 2,125.00 Yes 3YP 44.62 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.500 3.000 1.000 6.000 12.250 3.500 750 Stated Rate/Term Refinance Owner Occupied SFR 2503207654 12.3075 1326.12 No NO 36.09 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.840 0.000 663 Stated Purchase Owner Occupied 2-FAMILY 2503207802 6.778 1,893.86 Yes 2YP 30.53 2/6 LIBOR LIBOR 6 6 20090301 20090401 23 5.550 3.000 1.000 6.000 14.895 8.895 604 Stated Cash Out Refinance Owner Occupied D-PUDS 2503207864 11.593 926.63 No NO 46.79 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.125 0.000 651 Stated Cash Out Refinance Owner Occupied 2-FAMILY 2503207978 6.483 1,653.60 Yes 3YP 41.95 7/6 LIBOR IO 120 LIBOR 6 6 20140501 20140601 85 2.250 3.000 1.000 5.000 11.890 2.250 694 Stated Rate/Term Refinance Owner Occupied PUD 2503208019 11.4575 470.75 Yes 3YP 50.83 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.990 0.000 621 Full Purchase Owner Occupied SFR 2503208053 10.118 1,145.89 Yes 3YP 48.38 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.650 0.000 645 Stated Cash Out Refinance Owner Occupied SFR 2503208074 10.9575 781.73 No NO 41.51 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.490 0.000 693 Stated Purchase Owner Occupied Condominium 2503208084 6.593 1,009.17 Yes 3YP 38.76 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.000 3.000 623 Stated Cash Out Refinance Owner Occupied Condominium 2503208171 10.5865 321.08 Yes 1YP 32.02 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.119 0.000 719 Stated Purchase Owner Occupied Condominium 2503208184 8.8125 594.82 Yes 3YP 31.34 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 15.840 3.625 756 SISA Purchase Investor SFR 2503208285 10.8575 488.01 No NO 33.50 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.390 0.000 725 Full Purchase Investor 2-FAMILY 2503208298 11.9675 1342.61 Yes 2YP 37.73 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 656 Stated Purchase Owner Occupied 3-FAMILY 2503208308 11.9175 465.23 Yes 2YP 45.40 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 12.450 0.000 665 Full Purchase Owner Occupied Condominium 2503208320 11.9575 1237.12 No NO 42.97 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.490 0.000 715 Stated Purchase Investor HI-RISE 2503208334 11.3575 1684.42 No NO 47.61 30/15 FIXED BAL IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 11.890 0.000 705 Stated Purchase Owner Occupied 4-FAMILY 2503208342 6.333 3,485.43 Yes 2YP 47.07 2/6 LIBOR 40/30 BAL LIBOR 6 6 20090301 20090401 23 6.550 3.000 1.000 6.000 15.120 9.120 623 Stated Cash Out Refinance Owner Occupied SFR 2503208379 11.7075 712.04 No NO 36.61 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.240 0.000 726 Stated Purchase Investor 2-FAMILY 2503208442 5.593 3,360.00 Yes 2YP 44.49 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 739 Full Cash Out Refinance Owner Occupied D-PUDS 2503208484 7.5825 1138.09 Yes 2YP 47.82 2/6 LIBOR LIBOR 6 6 20090301 20090401 23 6.550 3.000 1.000 4.000 11.990 7.990 658 Stated Purchase Owner Occupied SFR 2503208485 12.4575 572.05 No NO 47.82 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.990 0.000 658 Stated Purchase Owner Occupied SFR 2503208492 12.6075 382.07 No NO 44.49 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.140 0.000 660 Stated Purchase Investor SFR 2503208510 11.7575 677.89 No NO 44.52 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.290 0.000 692 Stated Purchase Investor D-PUDS 2503208530 11.9675 746.87 No NO 30.44 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 674 Stated Purchase Owner Occupied HI-RISE 2503208539 10.458 392.52 Yes 2YP 44.91 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.990 0.000 705 Stated Rate/Term Refinance Investor SFR 2503208594 11.8675 508.56 No NO 39.01 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.400 0.000 697 Stated Purchase Investor SFR 2503208634 11.8075 485.23 No NO 45.91 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.340 0.000 660 Full Purchase Owner Occupied 2-FAMILY 2503208683 12.0075 789.93 Yes 2YP 42.39 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.540 0.000 646 Stated Purchase Owner Occupied SFR 2503208720 13.0175 489.62 No NO 44.83 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.550 0.000 645 Stated Purchase Owner Occupied 2-FAMILY 2503208743 11.8175 1140.08 Yes 2YP 46.70 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.350 0.000 621 Full Purchase Owner Occupied SFR 2503208777 11.458 317.60 No NO 29.65 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.990 0.000 724 Stated Cash Out Refinance Investor SFR 2503208833 10.3075 629.97 No NO 39.44 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.840 0.000 681 Full Purchase Owner Occupied 3-FAMILY 2503208891 11.808 1,191.99 Yes 2YP 48.68 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.340 0.000 662 Stated Cash Out Refinance Owner Occupied SFR 2503208925 13.5675 489.04 No NO 45.97 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.100 0.000 648 Stated Purchase Investor Condominium 2503208958 9.7075 1488.53 Yes 2YP 39.40 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.240 0.000 703 Stated Purchase Owner Occupied D-PUDS 2503208999 10.593 1,423.44 No NO 35.36 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.125 0.000 660 Full Cash Out Refinance Owner Occupied SFR 2503209019 12.7375 700.64 No NO 48.06 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.270 0.000 637 Full Purchase Owner Occupied Condominium 2503209022 4.9675 2253.12 No NO 25.85 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 5.250 0.000 778 Full Purchase Owner Occupied Condominium 2503209047 12.168 487.26 No NO 34.32 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.700 0.000 652 Stated Rate/Term Refinance Investor 2-FAMILY 2503209086 11.8675 295.6 No NO 27.97 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.400 0.000 699 Stated Purchase Investor SFR 2503209106 5.583 1,098.17 Yes 3YP 40.19 7/6 LIBOR IO 60 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 11.990 3.000 759 Stated Rate/Term Refinance Investor PUD 2503209123 11.2675 1367.88 Yes 2YP 40.54 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.800 0.000 648 Full Purchase Owner Occupied SFR 2503209130 6.583 1,314.12 Yes 2YP 41.17 2/6 LIBOR IO 60 LIBOR 6 6 20090301 20090401 23 5.550 3.000 1.000 6.000 12.990 6.990 621 Full Cash Out Refinance Owner Occupied SFR 2503209131 12.358 464.29 No NO 42.29 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.890 0.000 621 Full Cash Out Refinance Owner Occupied SFR 2503209143 10.568 662.32 Yes 2YP 45.27 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.100 0.000 668 Stated Cash Out Refinance Owner Occupied SFR 2503209149 10.8425 460.96 Yes 2YP 33.12 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.375 0.000 735 Stated Purchase Investor 2-FAMILY 2503209170 5.843 2,934.50 No NO 50.37 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 748 Stated Cash Out Refinance Owner Occupied SFR 2503209189 11.9175 1063.38 Yes 2YP 37.72 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.450 0.000 643 Stated Purchase Owner Occupied SFR 2503209245 11.6075 623.64 No NO 47.89 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.140 0.000 703 Stated Purchase Investor SFR 2503209267 10.7075 1261.65 Yes 3YP 50.09 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.240 0.000 691 Stated Purchase Owner Occupied 3-FAMILY 2503209268 7.063 4,284.64 Yes 3YP 23.78 3/6 LIBOR IO 60 LIBOR 6 6 20100301 20100401 35 6.550 3.000 1.000 6.000 13.990 7.990 809 Full Cash Out Refinance Owner Occupied D-PUDS 2503209281 11.9675 1622.23 Yes 1YP 47.59 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 666 Stated Purchase Owner Occupied 3-FAMILY 2503209322 9.3125 3078 No NO 48.84 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 15.720 3.000 742 Stated Purchase Investor 3-FAMILY 2503209337 5.593 1,855.00 Yes 3YP 40.32 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 676 Full Cash Out Refinance Owner Occupied D-PUDS 2503209367 11.508 301.25 No NO 32.73 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.040 0.000 712 Stated Cash Out Refinance Investor SFR 2503209386 12.668 538.49 No NO 30.19 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.200 0.000 649 Stated Cash Out Refinance Investor SFR 2503209499 12.5575 1502.87 No NO 45.94 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.090 0.000 675 Stated Purchase Owner Occupied 3-FAMILY 2503209519 12.0575 467.3 No NO 38.30 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.590 0.000 650 Stated Purchase Investor SFR 2503209590 11.3175 925.54 Yes 3YP 44.85 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.850 0.000 667 Stated Purchase Owner Occupied SFR 2503209606 6.173 1,985.13 No NO 32.55 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.750 3.000 1.000 6.000 13.250 3.750 764 Full Rate/Term Refinance Owner Occupied Condominium 2503209608 11.3075 884.19 No NO 48.24 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.840 0.000 686 Stated Purchase Owner Occupied 3-FAMILY 2503209620 11.9675 213.45 No NO 18.97 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 721 Stated Purchase Investor Townhouse 2503209644 9.8575 959.1 Yes 2YP 49.16 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 10.390 0.000 705 Stated Purchase Owner Occupied Condominium 2503209651 12.962 266.20 No NO 42.95 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.494 0.000 643 Stated Cash Out Refinance Investor PUD 2503209721 12.3115 1229.13 No NO 43.22 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.844 0.000 661 Stated Purchase Owner Occupied 2-FAMILY 2503209743 12.0075 933.89 Yes 2YP 45.25 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.540 0.000 645 Stated Purchase Owner Occupied SFR 2503209745 11.9575 1098.48 No NO 32.58 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 12.490 0.000 726 Stated Purchase Investor 2-FAMILY 2503209746 11.6075 1223.9 No NO 37.57 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.140 0.000 653 Stated Purchase Owner Occupied D-PUDS 2503209762 10.608 464.13 No NO 42.66 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.140 0.000 670 Stated Cash Out Refinance Owner Occupied SFR 2503209785 7.583 3,401.43 Yes 3YP 40.16 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 6.550 3.000 1.000 6.000 13.990 7.990 603 Stated Cash Out Refinance Owner Occupied SFR 2503209788 11.8425 4088.03 No NO 41.17 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.375 0.000 672 Stated Purchase Owner Occupied SFR 2503209794 12.208 760.14 Yes 3YP 41.59 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.740 0.000 669 Stated Cash Out Refinance Owner Occupied HI-RISE 2503209837 7.843 2,051.01 Yes 2YP 47.65 2/6 LIBOR 40/30 BAL LIBOR 6 6 20090301 20090401 23 5.550 3.000 1.000 6.000 14.250 8.250 630 Stated Cash Out Refinance Owner Occupied SFR 2503209838 11.2675 243.94 No NO 36.22 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 11.800 0.000 700 Full Purchase Investor D-PUDS 2503209974 11.9825 574.28 Yes 1YP 47.29 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.515 0.000 691 Stated Purchase Investor PUD 2503210023 11.018 1,088.55 Yes 3YP 45.18 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.550 0.000 670 Stated Cash Out Refinance Owner Occupied SFR 2503210036 11.0575 396.37 No NO 43.60 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.590 0.000 687 Stated Purchase Owner Occupied Condominium 2503210037 5.468 1,336.56 No NO 30.85 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 689 Stated Rate/Term Refinance Investor SFR 2503210129 11.9075 340.03 Yes 3YP 47.12 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.440 0.000 646 Full Purchase Owner Occupied 4-FAMILY 2503210258 6.4675 829.69 Yes 3YP 42.94 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 753 Stated Purchase Investor SFR 2503210263 5.343 852.92 Yes 3YP 39.94 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 766 Stated Rate/Term Refinance Investor SFR 2503210265 7.643 2,071.68 Yes 2YP 0.00 2/6 LIBOR LIBOR 6 6 20090401 20090501 24 6.550 3.000 1.000 6.000 14.050 8.050 608 SISA Cash Out Refinance Owner Occupied SFR 2503210353 13.358 512.81 No NO 39.01 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.890 0.000 641 Stated Cash Out Refinance Investor SFR 2503210363 5.093 2,603.33 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.500 3.000 767 Express Verified Assets Cash Out Refinance Owner Occupied SFR 2503210442 11.8425 1512.32 Yes 1YP 43.04 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.375 0.000 646 Stated Purchase Owner Occupied SFR 2503210459 10.7115 524.24 No NO 48.08 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.244 0.000 714 Stated Purchase Owner Occupied Condominium 2503210478 12.1575 1348.98 Yes 3YP 49.83 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.690 0.000 647 Stated Purchase Owner Occupied D-PUDS 2503210569 9.432 1,110.59 Yes 2YP 42.91 2/6 LIBOR 40/30 BAL LIBOR 6 6 20090301 20090401 23 6.650 3.000 1.000 6.000 15.840 9.840 646 Full Cash Out Refinance Investor Townhouse 2503210596 11.808 742.09 Yes 3YP 49.48 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.340 0.000 726 Stated Cash Out Refinance Investor SFR 2503210649 11.4575 1850.12 Yes 3YP 48.07 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.990 0.000 671 Stated Purchase Owner Occupied SFR 2503210809 6.4675 795.78 Yes 3YP 36.68 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.875 3.000 794 Stated Purchase Investor Condominium 2503210868 11.4575 1027.84 Yes 2YP 34.35 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.990 0.000 669 Stated Purchase Owner Occupied SFR 2503210870 11.6175 4160.69 Yes 2YP 42.00 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.150 0.000 672 Stated Purchase Owner Occupied SFR 2503210917 5.468 3,521.88 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 5.750 0.000 777 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 2503210966 9.4925 1022.49 No NO 37.33 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.750 3.000 1.000 6.000 16.720 3.750 692 Stated Purchase Investor SFR 2503211005 7.043 2,080.60 Yes 3YP 40.89 2/6 LIBOR 40/30 BAL LIBOR 6 6 20090301 20090401 23 6.550 3.000 1.000 6.000 14.990 8.990 628 Stated Cash Out Refinance Owner Occupied D-PUDS 2503211020 12.8825 587.01 Yes 1YP 26.91 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.415 0.000 648 Stated Purchase Owner Occupied Condominium 2503211108 5.5925 2380 Yes 3YP 42.82 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.000 3.000 701 Stated Purchase Owner Occupied SFR 2503211326 5.093 1,980.00 Yes 3YP 32.60 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.500 3.000 711 Full Rate/Term Refinance Owner Occupied SFR 2503211373 11.958 1,839.68 Yes 2YP 48.12 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.490 0.000 664 Stated Cash Out Refinance Owner Occupied Condominium 2503211427 11.898 238.91 Yes 3YP 39.76 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.430 0.000 659 Stated Cash Out Refinance Owner Occupied PUD 2503211458 12.3425 2055.82 No NO 43.36 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.875 0.000 676 Stated Purchase Owner Occupied 3-FAMILY 2503211465 6.1675 2739.58 Yes 3YP 42.68 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.575 3.000 774 Stated Purchase Owner Occupied SFR 2503211498 6.410 1,280.46 Yes 3YP 38.52 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 12.817 2.750 666 Stated Cash Out Refinance Owner Occupied D-PUDS 2503211501 12.3075 375.69 No NO 37.03 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.840 0.000 671 Stated Purchase Owner Occupied Condominium 2503211543 5.843 866.67 Yes 3YP 29.04 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.250 3.875 668 SISA Rate/Term Refinance Owner Occupied Condominium 2503211653 6.043 1,522.20 Yes 3YP 49.71 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.450 3.000 641 Full Rate/Term Refinance Owner Occupied SFR 2503211660 6.218 840.67 Yes 1YP 32.71 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 749 Stated Cash Out Refinance Owner Occupied SFR 2503211681 9.442 2,044.96 Yes 2YP 37.30 2/6 LIBOR LIBOR 6 6 20090301 20090401 23 7.650 3.000 1.000 6.000 15.850 9.850 613 SISA Rate/Term Refinance Owner Occupied SFR 2503211683 11.908 587.09 Yes 1YP 30.10 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.440 0.000 679 Stated Rate/Term Refinance Investor SFR 2503211691 11.2575 280.96 Yes 3YP 44.29 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.790 0.000 690 Stated Purchase Investor SFR 2503211805 6.098 4,778.35 Yes 3YP 49.84 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 7.250 0.000 685 Stated Cash Out Refinance Owner Occupied SFR 2503211829 11.862 1,361.92 No NO 42.23 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.394 0.000 738 Stated Cash Out Refinance Investor 4-FAMILY 2503211853 11.808 1,183.55 No NO 38.81 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.340 0.000 659 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503211856 6.5725 1918.76 Yes 3YP 43.06 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 4.125 3.000 1.000 6.000 14.550 4.125 683 Stated Purchase Second Home Condominium 2503211885 13.1075 887.08 No NO 44.22 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.640 0.000 665 Stated Purchase Investor 2-FAMILY 2503211888 6.718 1,032.50 Yes 3YP 42.98 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.000 0.000 694 Full Cash Out Refinance Investor SFR 2503211908 5.583 2,755.40 Yes 1YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.990 3.875 709 SISA Rate/Term Refinance Owner Occupied SFR 2503211940 12.1575 216.4 No NO 40.23 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.690 0.000 718 Stated Purchase Investor D-PUDS 2503212164 7.1325 3753.69 Yes 1YP 49.87 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.000 3.000 1.000 6.000 14.700 4.000 691 Stated Purchase Owner Occupied SFR 2503212207 5.713 2,617.25 No NO 41.70 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 13.250 3.875 715 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503212214 13.1075 621.58 No NO 47.53 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.640 0.000 678 Stated Purchase Investor Condominium 2503212258 5.343 2,200.33 Yes 3YP 38.63 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 749 Stated Rate/Term Refinance Owner Occupied SFR 2503212273 9.393 1,939.64 Yes 3YP 35.70 2/6 LIBOR LIBOR 6 6 20090301 20090401 23 6.250 3.000 1.000 6.000 15.800 9.800 673 Stated Cash Out Refinance Investor SFR 2503212278 11.2175 1450.52 Yes 3YP 38.84 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.750 0.000 667 Stated Purchase Owner Occupied SFR 2503212309 5.3225 1050.5 Yes 1YP 28.21 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.730 3.000 711 Stated Purchase Investor Condominium 2503212329 6.0825 3071.93 Yes 1YP 42.95 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.490 3.000 740 Stated Purchase Owner Occupied SFR 2503212347 12.0075 468.16 No NO 39.30 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.540 0.000 718 Stated Purchase Investor SFR 2503212354 11.608 883.49 No NO 17.39 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.140 0.000 700 Stated Cash Out Refinance Investor SFR 2503212425 5.968 1,739.58 Yes 3YP 26.36 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 683 Stated Cash Out Refinance Owner Occupied SFR 2503212443 6.081 2,595.20 Yes 1YP 28.86 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.488 3.000 689 Stated Rate/Term Refinance Investor D-PUDS 2503212614 13.9625 1371.06 No NO 41.15 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.495 0.000 679 Stated Purchase Investor 2-FAMILY 2503212622 5.913 2,078.23 Yes 3YP 44.28 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.195 0.000 744 SISA Rate/Term Refinance Owner Occupied 2-FAMILY 2503212634 5.968 1,009.78 Yes 3YP 31.73 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 661 Stated Rate/Term Refinance Owner Occupied SFR 2503212649 6.218 1,637.06 No NO 25.79 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 730 Stated Cash Out Refinance Owner Occupied SFR 2503212656 5.593 2,366.15 Yes 3YP 43.65 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 719 Stated Cash Out Refinance Owner Occupied SFR 2503212706 5.968 1,450.31 Yes 2YP 41.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 700 Full Cash Out Refinance Owner Occupied SFR 2503212742 11.2075 817 No NO 32.88 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.740 0.000 673 Stated Purchase Owner Occupied SFR 2503212748 12.133 604.84 Yes 3YP 49.64 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.665 0.000 665 Stated Cash Out Refinance Investor SFR 2503212778 7.9325 737.06 Yes 3YP 32.20 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.750 3.000 1.000 6.000 15.210 3.750 694 SISA Purchase Investor SFR 2503212948 5.8425 1883.33 Yes 3YP 42.30 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 12.250 3.000 667 Stated Purchase Owner Occupied Condominium 2503213006 11.8075 395.57 No NO 30.57 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.340 0.000 640 Stated Purchase Owner Occupied SFR 2503213025 5.968 5,481.44 Yes 3YP 39.72 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 663 Stated Rate/Term Refinance Owner Occupied SFR 2503213030 5.393 2,046.30 Yes 3YP 35.04 3/6 LIBOR LIBOR 6 6 20100301 20100401 35 3.875 3.000 1.000 6.000 11.800 3.875 629 Stated Cash Out Refinance Owner Occupied SFR 2503213035 12.688 758.31 Yes 1YP 41.94 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.220 0.000 645 Stated Cash Out Refinance Investor SFR 2503213040 5.973 3,090.31 Yes 1YP 40.82 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.380 3.000 667 Stated Rate/Term Refinance Owner Occupied SFR 2503213054 5.9675 1234.88 Yes 3YP 42.64 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.375 3.875 686 Stated Purchase Owner Occupied PUD 2503213083 6.402 2,493.80 No NO 45.33 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.809 3.000 708 Stated Cash Out Refinance Investor SFR 2503213124 7.1325 1760.28 Yes 3YP 41.87 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.540 3.000 693 Stated Purchase Owner Occupied HI-RISE 2503213151 6.468 1,402.80 Yes 3YP 1.00 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 669 Stated Rate/Term Refinance Investor SFR 2503213233 6.168 704.13 Yes 3YP 44.61 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.450 0.000 641 Full Rate/Term Refinance Investor SFR 2503213234 5.7125 1832.18 Yes 2YP 48.64 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.120 3.875 695 Stated Purchase Owner Occupied SFR 2503213241 6.143 2,240.10 Yes 3YP 46.46 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.550 3.875 697 Stated Rate/Term Refinance Investor SFR 2503213298 7.663 3,844.57 No NO 41.69 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 14.500 3.625 740 Full Cash Out Refinance Owner Occupied 2-FAMILY 2503213337 14.1075 254.56 No NO 38.29 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 14.640 0.000 670 Stated Purchase Investor Townhouse 2503213350 5.343 3,114.58 Yes 3YP 39.29 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 778 Express Verified Assets Cash Out Refinance Investor D-PUDS 2503213384 6.933 1,726.23 Yes 1YP 1.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.375 3.000 1.000 6.000 14.750 4.375 633 Express Verified Assets Cash Out Refinance Owner Occupied SFR 2503213425 5.0425 2361.67 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.450 3.000 746 Full Purchase Owner Occupied D-PUDS 2503213496 5.993 1,445.33 Yes 3YP 43.91 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.400 3.000 715 Stated Rate/Term Refinance Investor 4-FAMILY 2503213518 7.243 1,685.63 Yes 2YP 41.09 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 4.125 3.000 1.000 6.000 14.990 4.125 656 Stated Cash Out Refinance Owner Occupied D-PUDS 2503213534 6.0425 4837.5 Yes 3YP 31.18 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.450 3.875 670 Stated Purchase Owner Occupied SFR 2503213535 7.408 970.36 Yes 2YP 49.97 2/6 LIBOR IO 120 LIBOR 6 6 20090301 20090401 23 5.550 3.000 1.000 6.000 13.815 7.815 609 Stated Rate/Term Refinance Owner Occupied SFR 2503213553 10.4675 1476.1 No NO 37.28 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 11.000 0.000 687 Stated Purchase Owner Occupied D-PUDS 2503213580 6.343 1,350.00 Yes 3YP 37.26 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 12.750 3.625 817 Full Cash Out Refinance Owner Occupied SFR 2503213591 5.583 4,118.13 Yes 1YP 18.39 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.990 3.000 759 Stated Cash Out Refinance Owner Occupied SFR 2503213615 5.4925 2301 Yes 1YP 41.75 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.900 3.000 725 Stated Purchase Owner Occupied SFR 2503213618 7.5555 1714.04 Yes 1YP 25.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.963 3.000 640 Full Purchase Second Home HI-RISE 2503213647 5.993 693.33 Yes 2YP 42.65 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.400 3.000 712 Stated Rate/Term Refinance Investor Condominium 2503213650 8.256 2,772.16 Yes 3YP 24.75 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.663 3.000 676 Stated Cash Out Refinance Investor 4-FAMILY 2503213654 4.858 920.42 Yes 3YP 49.84 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.500 3.000 1.000 6.000 11.875 3.500 705 Full Rate/Term Refinance Owner Occupied D-PUDS 2503213687 11.787 1,030.06 Yes 1YP 38.06 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.319 0.000 650 Stated Rate/Term Refinance Owner Occupied SFR 2503213717 7.1325 1145.59 Yes 2YP 22.47 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.540 3.000 0 Full Purchase Second Home Condominium 2503213771 5.593 3,000.00 Yes 5YP 45.46 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 682 Stated Rate/Term Refinance Owner Occupied HI-RISE 2503213776 5.843 1,759.03 Yes 3YP 21.78 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 786 Stated Rate/Term Refinance Owner Occupied SFR 2503213822 6.0925 1291.43 No NO 15.88 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 699 Stated Purchase Investor Condominium 2503213886 8.1725 2779.22 Yes 3YP 49.29 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 4.375 3.000 1.000 6.000 15.790 4.375 620 Stated Purchase Owner Occupied D-PUDS 2503213903 5.068 893.46 Yes 3YP 36.65 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.350 0.000 714 Stated Cash Out Refinance Owner Occupied SFR 2503213904 5.7025 1477.86 Yes 2YP 39.69 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 4.000 3.000 1.000 6.000 12.110 4.000 681 Stated Purchase Owner Occupied SFR 2503213906 7.143 2,874.03 No NO 33.14 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.550 3.000 725 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503213921 9.2525 857.09 Yes 3YP 45.88 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 4.125 3.000 1.000 6.000 17.000 4.125 642 Stated Purchase Investor PUD 2503213949 6.2175 1899.17 Yes 1YP 43.38 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.625 3.875 714 Stated Purchase Owner Occupied SFR 2503213972 6.878 3,079.04 Yes 3YP 48.55 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.500 3.000 1.000 6.000 14.125 3.500 658 Stated Cash Out Refinance Owner Occupied SFR 2503213981 5.958 2,368.01 Yes 3YP 38.37 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.240 0.000 666 Full Rate/Term Refinance Owner Occupied SFR 2503213990 7.5875 1002.08 No NO 39.01 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 14.675 3.875 718 Stated Purchase Owner Occupied SFR 2503214010 7.3425 6096.67 Yes 3YP 41.59 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.750 3.000 779 Stated Purchase Owner Occupied HI-RISE 2503214049 6.093 1,711.67 Yes 3YP 27.16 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.125 3.000 1.000 6.000 12.500 4.125 677 Stated Rate/Term Refinance Owner Occupied Condominium 2503214062 5.583 1,991.68 Yes 3YP 41.50 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.990 3.000 755 Stated Cash Out Refinance Investor SFR 2503214086 7.088 1,685.68 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.495 3.000 644 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503214087 8.0025 2882.87 Yes 2YP 33.62 2/6 LIBOR 40/30 BAL LIBOR 6 6 20090401 20090501 24 5.550 3.000 1.000 6.000 16.550 10.550 618 Stated Purchase Owner Occupied D-PUDS 2503214090 7.7545 4641.18 Yes 2YP 46.98 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.162 3.000 650 Stated Purchase Owner Occupied SFR 2503214091 6.593 4,926.97 Yes 3YP 43.63 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 746 Stated Rate/Term Refinance Owner Occupied 4-FAMILY 2503214123 5.768 1,826.77 Yes 3YP 44.60 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.175 3.000 664 Stated Cash Out Refinance Owner Occupied SFR 2503214143 7.323 1,231.97 Yes 1YP 45.41 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.730 3.000 736 Stated Rate/Term Refinance Investor Condominium 2503214156 6.148 1,776.50 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.500 3.000 1.000 6.000 13.125 3.500 702 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503214165 6.3425 2910.52 Yes 3YP 41.88 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 751 Stated Purchase Owner Occupied 3-FAMILY 2503214170 12.2675 273.19 No NO 42.73 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.800 0.000 679 Stated Purchase Investor SFR 2503214173 7.753 2,471.58 No NO 44.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 4.125 3.000 1.000 6.000 15.500 4.125 650 Stated Cash Out Refinance Owner Occupied 2-FAMILY 2503214232 5.593 1,079.88 No NO 39.07 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 749 Full Cash Out Refinance Owner Occupied D-PUDS 2503214235 13.2075 232.86 No NO 49.31 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.740 0.000 686 Stated Purchase Investor PUD 2503214245 5.4675 2957.69 Yes 1YP 45.01 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 775 Full Purchase Owner Occupied D-PUDS 2503214262 8.006 4,300.78 Yes 3YP 42.19 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 3.000 1.000 6.000 14.413 4.000 639 Stated Cash Out Refinance Investor SFR 2503214301 5.403 995.63 Yes 3YP 27.66 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 12.750 3.625 762 Full Rate/Term Refinance Owner Occupied Condominium 2503214320 5.968 1,135.55 Yes 1YP 40.07 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 683 Stated Rate/Term Refinance Investor SFR 2503214331 6.468 2,578.13 Yes 3YP 37.66 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 674 Stated Cash Out Refinance Owner Occupied SFR 2503214336 5.543 1,066.04 Yes 3YP 47.52 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.950 3.000 746 Stated Cash Out Refinance Investor SFR 2503214376 6.008 939.09 Yes 3YP 46.40 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.375 3.000 1.000 6.000 13.875 4.375 630 SISA Rate/Term Refinance Owner Occupied D-PUDS 2503214377 5.5925 3092 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 2.500 3.000 1.000 6.000 12.000 2.500 800 Express Verified Assets Purchase Owner Occupied SFR 2503214380 6.093 5,064.58 Yes 3YP 29.99 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 692 Full Cash Out Refinance Owner Occupied SFR 2503214415 6.4675 777.8 Yes 3YP 42.92 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 753 Stated Purchase Investor SFR 2503214429 6.468 1,118.83 Yes 3YP 46.05 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 625 Full Cash Out Refinance Investor SFR 2503214433 6.168 1,880.06 Yes 1YP 41.10 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.450 0.000 701 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503214438 6.488 2,317.10 Yes 3YP 45.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.895 3.000 682 Full Rate/Term Refinance Owner Occupied Condominium 2503214441 12.9675 272.61 No NO 34.99 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.500 0.000 705 Stated Purchase Investor SFR 2503214465 6.468 7,809.33 Yes 1YP 49.94 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 740 Stated Cash Out Refinance Owner Occupied SFR 2503214475 5.493 1,032.50 No NO 37.72 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.900 3.000 773 Express Verified Assets Cash Out Refinance Owner Occupied SFR 2503214490 7.193 1,235.00 Yes 2YP 33.85 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.600 3.000 668 Stated Cash Out Refinance Owner Occupied SFR 2503214515 5.9675 3140.75 No NO 44.35 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 709 Stated Purchase Owner Occupied SFR 2503214522 5.7175 2347.92 Yes 1YP 38.46 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 12.125 3.000 768 Stated Purchase Owner Occupied SFR 2503214536 6.093 555.16 No NO 50.32 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 757 Stated Rate/Term Refinance Second Home SFR 2503214541 5.5825 2475.87 Yes 2YP 32.85 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.990 3.875 766 Stated Purchase Owner Occupied SFR 2503214542 6.133 3,270.00 Yes 3YP 43.61 7/6 LIBOR IO 60 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 12.540 3.000 695 Stated Rate/Term Refinance Owner Occupied SFR 2503214544 6.343 856.41 Yes 3YP 29.04 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.750 3.875 668 SISA Rate/Term Refinance Investor Condominium 2503214547 6.468 985.42 Yes 3YP 48.95 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.875 3.875 639 Stated Cash Out Refinance Second Home Condominium 2503214582 5.893 1,806.00 No NO 42.08 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.300 3.000 645 Full Cash Out Refinance Owner Occupied SFR 2503214655 6.208 2,238.77 No NO 42.38 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.615 3.000 677 Stated Rate/Term Refinance Owner Occupied SFR 2503214677 5.543 1,413.13 Yes 1YP 43.49 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.950 3.000 769 Stated Rate/Term Refinance Owner Occupied Condominium 2503214682 6.538 1,331.13 Yes 1YP 38.26 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.945 3.000 635 SISA Cash Out Refinance Investor SFR 2503214745 5.243 4,049.17 No NO 29.03 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.650 3.000 715 Full Rate/Term Refinance Owner Occupied SFR 2503214765 5.9845 632.79 Yes 2YP 37.21 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.392 3.000 689 Full Purchase Investor Condominium 2503214784 7.173 1,413.39 Yes 1YP 20.35 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.750 3.000 1.000 6.000 14.310 3.750 747 Stated Cash Out Refinance Owner Occupied Condominium 2503214803 6.038 3,002.14 Yes 2YP 39.02 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.320 0.000 800 Full Cash Out Refinance Owner Occupied SFR 2503214812 5.593 1,360.00 Yes 3YP 40.31 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 715 Stated Cash Out Refinance Owner Occupied SFR 2503214814 6.643 748.48 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.925 0.000 726 Express Non-Verified Assets Rate/Term Refinance Owner Occupied 2-FAMILY 2503214833 6.5825 2038.75 No NO 42.65 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.990 3.000 649 Stated Purchase Owner Occupied Condominium 2503214838 6.2175 1987.5 Yes 1YP 49.69 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.625 3.000 676 Stated Purchase Owner Occupied SFR 2503214852 6.093 650.00 Yes 2YP 32.68 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 626 Stated Cash Out Refinance Owner Occupied SFR 2503214853 6.4625 2527.87 Yes 5YP 48.60 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 4.000 3.000 1.000 6.000 14.630 4.000 660 Stated Purchase Owner Occupied Condominium 2503214855 5.7175 1755.83 Yes 2YP 40.55 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.125 3.000 711 Full Purchase Owner Occupied SFR 2503214860 6.218 4,631.48 Yes 3YP 33.14 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 701 Stated Rate/Term Refinance Owner Occupied SFR 2503214870 8.3825 2218.5 No NO 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.750 3.000 1.000 6.000 15.860 3.750 680 Express Non-Verified Assets Purchase Owner Occupied Condominium 2503214879 5.7055 2272 Yes 1YP 33.97 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.113 3.000 673 Stated Purchase Owner Occupied SFR 2503214886 5.7175 566.31 Yes 1YP 35.88 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.125 3.000 737 Stated Purchase Investor PUD 2503214897 5.268 1,404.56 Yes 3YP 35.66 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.675 3.000 791 Full Rate/Term Refinance Owner Occupied SFR 2503214911 5.3925 700.42 Yes 3YP 35.32 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.800 3.000 757 Stated Purchase Owner Occupied Condominium 2503214949 11.9675 1833.02 No NO 48.42 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.500 0.000 640 Stated Purchase Owner Occupied Condominium 2503214957 5.968 2,635.00 Yes 3YP 34.52 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 768 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503214985 5.4675 2624.17 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.875 3.875 757 Express Verified Assets Purchase Owner Occupied SFR 2503214990 6.883 2,658.42 No NO 49.22 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.290 3.000 710 Stated Cash Out Refinance Owner Occupied SFR 2503215006 6.333 2,359.00 Yes 3YP 27.51 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.740 3.000 705 Stated Cash Out Refinance Investor Condominium 2503215030 5.868 1,255.00 Yes 3YP 41.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.275 3.000 794 Stated Cash Out Refinance Investor SFR 2503215038 7.4525 2143.81 Yes 2YP 40.84 2/6 LIBOR 40/30 BAL LIBOR 6 6 20090301 20090401 23 6.550 3.000 1.000 6.000 15.990 9.990 639 Stated Purchase Owner Occupied Condominium 2503215068 6.093 1,487.50 Yes 3YP 41.71 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 742 Stated Cash Out Refinance Owner Occupied SFR 2503215086 5.958 1,842.77 Yes 3YP 47.50 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.365 3.875 617 Stated Cash Out Refinance Owner Occupied 2-FAMILY 2503215090 5.8425 3583.33 No NO 31.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 740 Stated Purchase Owner Occupied SFR 2503215099 6.468 2,257.29 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.000 3.000 1.000 6.000 12.875 4.000 645 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503215142 6.0925 2036.67 Yes 3YP 43.65 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 701 Full Purchase Owner Occupied HI-RISE 2503215171 5.583 1,976.70 No NO 33.99 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.990 3.000 729 Stated Rate/Term Refinance Investor SFR 2503215177 5.668 2,355.21 Yes 3YP 39.20 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 5.950 0.000 784 Stated Cash Out Refinance Owner Occupied SFR 2503215189 5.968 1,678.75 Yes 3YP 49.95 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 736 Full Cash Out Refinance Owner Occupied SFR 2503215190 7.2525 657.81 Yes 3YP 41.36 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.625 3.000 1.000 6.000 14.430 3.625 718 Stated Purchase Investor Condominium 2503215197 5.718 2,108.42 Yes 3YP 42.67 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 792 Stated Cash Out Refinance Owner Occupied SFR 2503215211 5.998 3,501.10 Yes 3YP 9.56 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.280 0.000 641 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503215220 7.593 946.67 No NO 38.12 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.000 3.000 632 SISA Rate/Term Refinance Owner Occupied HI-RISE 2503215257 5.968 1,450.31 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 786 Express Verified Assets Cash Out Refinance Investor SFR 2503215347 7.468 2,565.94 No NO 41.71 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.875 3.000 710 Stated Rate/Term Refinance Investor SFR 2503215349 6.093 3,466.67 No NO 41.60 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 702 Stated Cash Out Refinance Owner Occupied SFR 2503215367 7.9675 1758.75 Yes 3YP 10.70 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.375 3.000 640 Full Purchase Second Home HI-RISE 2503215376 5.693 2,135.00 Yes 1YP 42.86 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.100 3.000 738 Stated Cash Out Refinance Owner Occupied SFR 2503215379 5.3425 9056.25 Yes 1YP 42.25 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.750 3.875 714 Full Purchase Owner Occupied SFR 2503215389 5.9095 2210.95 Yes 1YP 39.11 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 12.317 3.000 656 Stated Purchase Owner Occupied SFR 2503215407 12.093 229.56 No NO 44.74 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 12.625 0.000 692 Stated Cash Out Refinance Investor SFR 2503215423 6.343 1,687.50 No NO 16.70 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.750 3.875 764 Stated Cash Out Refinance Investor Condominium 2503215437 5.468 2,281.46 Yes 3YP 17.35 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.875 3.000 709 Stated Rate/Term Refinance Investor SFR 2503215458 6.218 2,123.33 Yes 3YP 42.21 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 703 SISA Rate/Term Refinance Owner Occupied SFR 2503215501 6.343 6,890.63 Yes 1YP 38.80 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 661 Stated Cash Out Refinance Owner Occupied SFR 2503215524 6.093 1,526.96 No NO 25.70 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 700 Stated Rate/Term Refinance Investor 3-FAMILY 2503215531 6.363 803.94 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.770 3.000 675 Express Verified Assets Cash Out Refinance Investor SFR 2503215574 6.333 2,182.07 Yes 3YP 24.56 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.740 3.000 705 Stated Cash Out Refinance Investor Condominium 2503215575 5.343 900.83 Yes 1YP 41.31 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 738 Full Cash Out Refinance Owner Occupied Condominium 2503215578 6.133 1,771.25 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.540 3.000 755 Express Verified Assets Cash Out Refinance Investor PUD 2503215579 5.833 3,232.29 No NO 40.40 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 13.250 3.625 680 Stated Rate/Term Refinance Owner Occupied SFR 2503215590 6.468 3,911.05 Yes 3YP 49.18 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 755 Stated Rate/Term Refinance Owner Occupied SFR 2503215603 6.343 3,450.52 No NO 35.14 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 623 Stated Cash Out Refinance Owner Occupied SFR 2503215605 6.193 4,125.00 Yes 3YP 0.00 7/6 LIBOR IO 60 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 12.600 3.000 643 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503215609 5.5825 3394.33 Yes 3YP 41.71 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.990 3.000 791 Stated Purchase Owner Occupied SFR 2503215610 5.783 2,331.57 Yes 3YP 40.54 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.190 3.000 688 Stated Rate/Term Refinance Owner Occupied SFR 2503215646 5.8425 5387.53 Yes 3YP 15.74 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 640 Stated Purchase Owner Occupied D-PUDS 2503215647 5.583 2,236.27 Yes 3YP 40.30 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.990 3.875 685 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503215670 6.573 1,917.17 Yes 3YP 49.89 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.980 3.000 636 Full Cash Out Refinance Investor SFR 2503215681 9.0325 4411.47 Yes 1YP 44.47 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 5.550 3.000 1.000 6.000 16.990 10.990 621 Stated Purchase Owner Occupied 2-FAMILY 2503215702 12.968 916.33 No NO 31.27 30/15 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 13.500 0.000 702 Stated Rate/Term Refinance Investor Condominium 2503215704 6.093 2,800.42 Yes 3YP 42.01 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 784 Stated Cash Out Refinance Owner Occupied SFR 2503215717 7.5925 3786.67 Yes 1YP 48.38 2/6 LIBOR IO 120 LIBOR 6 6 20090401 20090501 24 3.000 3.000 1.000 6.000 14.000 3.000 704 Stated Purchase Owner Occupied 2-FAMILY 2503215728 5.993 693.33 Yes 2YP 43.18 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.400 3.000 712 Stated Rate/Term Refinance Investor Condominium 2503215741 5.583 1,936.77 Yes 3YP 35.50 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.990 3.000 703 Stated Rate/Term Refinance Owner Occupied SFR 2503215757 5.708 1,264.97 Yes 3YP 42.77 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.990 0.000 704 SISA Cash Out Refinance Owner Occupied 2-FAMILY 2503215800 5.868 3,070.51 Yes 3YP 39.65 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.150 0.000 623 Stated Cash Out Refinance Owner Occupied SFR 2503215823 6.468 1,272.87 Yes 3YP 41.05 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 653 Stated Rate/Term Refinance Owner Occupied SFR 2503215860 7.5125 1285.35 Yes 3YP 42.62 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.920 3.000 627 Full Purchase Owner Occupied Condominium 2503215875 5.328 1,479.00 Yes 3YP 41.18 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.525 3.875 642 Stated Cash Out Refinance Owner Occupied D-PUDS 2503215878 9.583 1,798.20 No NO 49.98 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 15.990 3.000 639 Stated Cash Out Refinance Investor 3-FAMILY 2503215932 5.9575 934.86 Yes 2YP 40.09 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.365 3.000 719 Stated Purchase Owner Occupied Condominium 2503215971 9.848 1,852.20 Yes 3YP 38.12 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 17.025 3.625 717 Stated Cash Out Refinance Investor D-PUDS 2503215974 6.018 3,270.62 Yes 3YP 38.95 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.300 0.000 728 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503215977 5.9675 787.11 Yes 3YP 14.77 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 784 Full Purchase Investor SFR 2503215990 5.593 1,025.00 No NO 49.04 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 622 Full Cash Out Refinance Owner Occupied SFR 2503215996 5.778 2,100.53 Yes 3YP 41.16 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 6.950 0.000 787 SISA Cash Out Refinance Owner Occupied Condominium 2503215999 6.8425 3625 No NO 45.07 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.500 3.000 1.000 6.000 13.250 3.500 723 Stated Purchase Investor SFR 2503216015 6.093 2,220.98 Yes 3YP 37.51 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.375 0.000 641 SISA Cash Out Refinance Owner Occupied SFR 2503216016 5.343 2,108.33 Yes 3YP 48.49 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.750 3.875 685 Stated Rate/Term Refinance Owner Occupied SFR 2503216018 6.113 623.47 Yes 3YP 37.93 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.520 3.875 692 Stated Cash Out Refinance Investor Condominium 2503216019 5.9675 902.46 No NO 27.83 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 739 Full Purchase Investor SFR 2503216076 5.593 1,904.75 Yes 3YP 46.83 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 5.875 0.000 789 Full Rate/Term Refinance Owner Occupied SFR 2503216088 5.843 1,505.73 Yes 3YP 41.76 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 763 Stated Rate/Term Refinance Owner Occupied SFR 2503216103 5.718 809.39 Yes 3YP 37.18 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 636 Full Cash Out Refinance Owner Occupied SFR 2503216116 6.547 1,865.27 Yes 3YP 31.82 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.750 3.000 1.000 6.000 13.725 3.750 727 Stated Cash Out Refinance Owner Occupied D-PUDS 2503216118 6.4675 610.44 Yes 3YP 36.52 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 695 Stated Purchase Investor Condominium 2503216127 6.253 1,454.85 Yes 3YP 35.93 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.250 3.000 1.000 6.000 13.990 4.250 677 Stated Cash Out Refinance Owner Occupied SFR 2503216135 6.4675 610.44 Yes 3YP 36.52 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 695 Stated Purchase Investor Condominium 2503216144 6.093 1,392.08 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 707 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503216151 8.563 3,762.79 Yes 2YP 49.99 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 15.700 3.875 741 Stated Cash Out Refinance Owner Occupied SFR 2503216153 5.4675 709.9 No NO 36.28 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 750 Stated Purchase Investor SFR 2503216174 6.218 2,085.82 Yes 3YP 54.79 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 641 SISA Cash Out Refinance Investor SFR 2503216186 5.8425 2250 Yes 3YP 42.09 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 668 Stated Purchase Owner Occupied SFR 2503216189 5.468 1,684.17 Yes 2YP 1.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.875 3.875 750 SISA Cash Out Refinance Investor 2-FAMILY 2503216225 6.583 929.67 Yes 3YP 31.15 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.990 3.000 681 SISA Cash Out Refinance Investor Townhouse 2503216230 6.468 1,170.00 Yes 3YP 35.68 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 715 SISA Cash Out Refinance Owner Occupied SFR 2503216251 5.493 1,198.44 Yes 2YP 37.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.900 3.000 698 Stated Rate/Term Refinance Investor SFR 2503216276 5.8425 1074.22 No NO 49.55 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.250 3.875 723 Stated Purchase Investor SFR 2503216279 5.878 1,320.92 Yes 3YP 36.80 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.550 0.000 756 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503216287 5.643 660.46 No NO 22.02 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.050 3.000 701 Full Cash Out Refinance Owner Occupied SFR 2503216313 6.4675 4239.58 Yes 1YP 35.15 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 692 Stated Purchase Second Home SFR 2503216353 5.583 3,743.75 Yes 3YP 20.98 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 11.990 3.000 699 Stated Cash Out Refinance Investor 2-FAMILY 2503216367 5.2225 2233.23 Yes 1YP 29.41 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.630 3.000 695 Stated Purchase Owner Occupied SFR 2503216388 5.793 1,730.83 Yes 3YP 50.84 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.200 3.000 681 Stated Cash Out Refinance Owner Occupied SFR 2503216397 5.718 2,817.50 Yes 3YP 49.44 3/6 LIBOR IO 120 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 12.125 3.000 704 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503216413 6.7175 2612.5 No NO 49.44 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.125 3.000 704 Stated Purchase Investor D-PUDS 2503216419 6.018 995.88 Yes 2YP 47.47 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.425 3.000 683 SISA Cash Out Refinance Owner Occupied SFR 2503216452 6.468 1,260.42 Yes 3YP 49.56 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.875 3.000 661 SISA Cash Out Refinance Investor SFR 2503216476 6.583 996.95 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.990 3.000 742 Express Non-Verified Assets Cash Out Refinance Owner Occupied Condominium 2503216506 5.408 1,245.38 No NO 35.07 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.815 3.875 784 SISA Rate/Term Refinance Investor SFR 2503216508 6.093 1,245.83 Yes 3YP 42.88 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.875 3.000 1.000 6.000 12.500 3.875 662 SISA Rate/Term Refinance Investor Condominium 2503216540 5.998 1,266.47 Yes 3YP 36.98 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.280 0.000 753 Stated Cash Out Refinance Owner Occupied SFR 2503216543 6.923 3,605.44 Yes 2YP 45.86 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.330 3.000 698 Stated Cash Out Refinance Owner Occupied SFR 2503216567 5.693 1,413.17 Yes 3YP 31.36 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.100 3.000 645 Stated Rate/Term Refinance Owner Occupied SFR 2503216569 7.093 1,288.75 Yes 3YP 39.43 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 4.490 11.990 3.000 643 SISA Cash Out Refinance Investor 2-FAMILY 2503216571 6.1175 1141.88 Yes 1YP 42.07 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.525 3.000 693 Stated Purchase Owner Occupied PUD 2503216623 5.028 1,477.32 Yes 3YP 47.75 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.375 3.000 1.000 6.000 11.875 3.375 766 Full Cash Out Refinance Owner Occupied SFR 2503216625 5.468 2,937.50 No NO 38.70 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 771 Stated Cash Out Refinance Owner Occupied SFR 2503216651 5.468 2,640.68 Yes 3YP 44.62 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.750 3.000 1.000 6.000 12.575 3.750 621 Full Cash Out Refinance Owner Occupied D-PUDS 2503216655 5.343 3,368.54 Yes 1YP 44.85 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.750 3.875 755 Stated Rate/Term Refinance Owner Occupied SFR 2503216705 5.393 1,812.50 No NO 41.88 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.800 3.000 722 Stated Rate/Term Refinance Owner Occupied SFR 2503216721 5.288 1,934.41 Yes 3YP 49.99 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.750 3.000 1.000 6.000 12.475 3.750 745 SISA Cash Out Refinance Owner Occupied SFR 2503216724 5.968 1,524.16 Yes 3YP 45.23 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 680 Stated Cash Out Refinance Owner Occupied HI-RISE 2503216725 6.468 1,480.99 Yes 2YP 33.18 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 620 Stated Cash Out Refinance Owner Occupied D-PUDS 2503216746 6.288 1,169.39 Yes 2YP 43.02 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 13.575 3.875 705 Stated Cash Out Refinance Owner Occupied SFR 2503216748 6.623 1,021.69 Yes 1YP 34.09 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.030 3.000 694 Stated Cash Out Refinance Investor SFR 2503216756 6.118 2,582.81 No NO 41.33 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.525 3.000 698 Stated Cash Out Refinance Owner Occupied SFR 2503216764 5.843 4,609.38 Yes 1YP 39.65 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 692 Stated Rate/Term Refinance Owner Occupied PUD 2503216796 6.613 3,235.95 Yes 3YP 38.07 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 13.990 3.625 700 Stated Cash Out Refinance Owner Occupied D-PUDS 2503216804 6.3425 809.44 Yes 3YP 41.86 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 697 Stated Purchase Second Home Condominium 2503216819 6.498 1,971.26 Yes 3YP 47.20 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.450 0.000 690 Stated Cash Out Refinance Owner Occupied SFR 2503216842 6.343 2,205.00 Yes 2YP 47.42 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 635 Stated Cash Out Refinance Investor Condominium 2503216857 5.553 2,708.44 Yes 3YP 35.98 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.750 3.875 664 Stated Rate/Term Refinance Owner Occupied SFR 2503216885 5.3425 2200.33 Yes 3YP 43.97 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.750 3.875 720 Full Purchase Owner Occupied D-PUDS 2503216910 5.843 1,183.59 Yes 2YP 33.81 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 791 Stated Cash Out Refinance Investor SFR 2503216919 5.493 1,216.88 Yes 3YP 42.98 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.900 3.000 670 Stated Rate/Term Refinance Owner Occupied SFR 2503216923 6.468 928.13 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 786 Express No Doc Cash Out Refinance Owner Occupied Condominium 2503216944 5.993 2,773.33 Yes 3YP 43.09 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.400 3.875 669 Stated Rate/Term Refinance Owner Occupied SFR 2503216973 6.218 1,188.29 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 673 Stated Cash Out Refinance Owner Occupied SFR 2503217085 6.343 1,255.01 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 761 Express Verified Assets Rate/Term Refinance Investor SFR 2503217112 5.193 2,333.33 Yes 3YP 43.68 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.875 3.000 1.000 6.000 11.600 3.875 755 Stated Cash Out Refinance Owner Occupied SFR 2503217164 6.918 840.00 Yes 3YP 48.62 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.200 0.000 658 Stated Rate/Term Refinance Owner Occupied PUD 2503217221 7.583 5,667.91 Yes 1YP 32.26 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.990 3.000 669 Stated Cash Out Refinance Owner Occupied SFR 2503217257 5.543 2,186.63 Yes 3YP 43.70 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.950 3.000 758 Stated Cash Out Refinance Owner Occupied SFR 2503217263 5.8075 1457.46 Yes 3YP 43.21 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.630 0.000 789 Full Purchase Owner Occupied SFR 2503217266 6.0825 1298 Yes 3YP 40.69 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.490 3.000 760 Stated Purchase Owner Occupied SFR 2503217295 6.1425 1659.33 Yes 3YP 44.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.550 3.875 691 Stated Purchase Owner Occupied SFR 2503217306 5.843 4,951.04 No NO 33.25 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 792 Full Rate/Term Refinance Second Home D-PUDS 2503217319 5.8925 1764 Yes 1YP 36.92 3/6 LIBOR IO 120 LIBOR 6 6 20100401 20100501 36 3.875 3.000 1.000 6.000 12.300 3.875 770 Stated Purchase Owner Occupied D-PUDS 2503217326 6.503 3,434.06 Yes 1YP 43.81 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.125 3.000 1.000 6.000 14.250 4.125 646 Stated Cash Out Refinance Owner Occupied SFR 2503217347 5.468 1,223.96 Yes 3YP 50.30 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 775 Stated Cash Out Refinance Investor SFR 2503217349 7.9675 850.52 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.375 3.000 694 Express Verified Assets Purchase Investor 3-FAMILY 2503217358 5.593 2,085.00 No NO 32.23 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.000 3.000 721 Stated Cash Out Refinance Owner Occupied SFR 2503217360 6.843 803.54 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.250 3.000 751 Express Verified Assets Cash Out Refinance Investor HI-RISE 2503217361 8.9725 1473.29 Yes 3YP 42.24 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.125 3.000 1.000 6.000 16.920 4.125 645 Stated Purchase Investor Condominium 2503217404 5.583 3,132.27 No NO 37.07 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.990 3.000 756 Stated Rate/Term Refinance Owner Occupied SFR 2503217415 6.2675 979 Yes 3YP 44.38 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.550 3.000 1.000 6.000 12.675 5.550 656 Stated Purchase Owner Occupied SFR 2503217431 6.0925 1308.13 Yes 3YP 37.59 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 689 Stated Purchase Owner Occupied SFR 2503217443 5.6225 2100.94 Yes 2YP 37.55 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 12.750 3.625 681 Stated Purchase Owner Occupied SFR 2503217470 6.043 1,173.90 Yes 3YP 32.94 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.450 3.875 654 Stated Rate/Term Refinance Investor SFR 2503217487 8.3425 1160.1 Yes 3YP 38.23 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.750 3.000 756 Stated Purchase Owner Occupied 4-FAMILY 2503217506 5.968 1,115.63 Yes 1YP 49.88 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 647 Stated Rate/Term Refinance Owner Occupied SFR 2503217515 5.2175 2962.5 Yes 3YP 48.63 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.625 3.000 713 Stated Purchase Owner Occupied D-PUDS 2503217527 6.2875 3302.87 Yes 1YP 41.47 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.695 3.000 671 Stated Purchase Owner Occupied SFR 2503217556 6.593 790.94 Yes 3YP 48.04 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 664 Stated Cash Out Refinance Investor SFR 2503217558 5.9555 1471.44 No NO 26.66 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.363 3.000 718 Stated Purchase Investor SFR 2503217562 5.343 1,495.00 Yes 3YP 34.99 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.750 3.875 693 Stated Cash Out Refinance Owner Occupied 2-FAMILY 2503217578 5.443 2,008.50 Yes 1YP 38.40 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.850 3.000 699 Stated Rate/Term Refinance Owner Occupied SFR 2503217583 5.153 2,288.87 Yes 1YP 42.20 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.560 3.000 735 Full Cash Out Refinance Owner Occupied SFR 2503217585 6.273 4,175.00 No NO 49.12 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.680 3.000 698 Stated Cash Out Refinance Investor SFR 2503217587 6.0125 2458.73 Yes 3YP 36.18 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 12.990 3.625 702 Stated Purchase Owner Occupied SFR 2503217616 9.943 1,933.39 Yes 3YP 32.33 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.125 3.000 1.000 6.000 17.990 4.125 647 Stated Cash Out Refinance Investor SFR 2503217628 6.9225 3080.5 No NO 42.62 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.330 3.000 770 Stated Purchase Owner Occupied 2-FAMILY 2503217638 6.7275 690.61 Yes 3YP 35.03 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.135 3.000 717 Stated Purchase Investor Condominium 2503217655 8.143 2,724.88 Yes 1YP 40.59 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 15.430 3.875 708 Stated Cash Out Refinance Owner Occupied SFR 2503217663 6.363 2,542.00 Yes 3YP 47.45 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 13.440 3.625 710 Stated Cash Out Refinance Owner Occupied D-PUDS 2503217692 6.1175 1549.69 Yes 3YP 49.28 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.525 3.000 646 Stated Purchase Owner Occupied D-PUDS 2503217702 5.218 1,289.06 No NO 54.33 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.625 3.000 743 Full Cash Out Refinance Owner Occupied SFR 2503217724 5.8325 3802.5 Yes 3YP 38.72 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.240 3.000 691 Stated Purchase Owner Occupied SFR 2503217748 6.6225 1141.79 Yes 3YP 36.07 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.030 3.000 749 Stated Purchase Investor Condominium 2503217755 6.443 1,798.12 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.850 3.000 713 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503217775 6.2175 749.45 No NO 39.21 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.625 3.000 716 Stated Purchase Investor SFR 2503217802 6.718 4,037.50 Yes 3YP 32.33 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.125 3.000 689 Stated Rate/Term Refinance Owner Occupied Condominium 2503217817 6.468 2,566.67 No NO 26.86 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 653 Full Rate/Term Refinance Owner Occupied D-PUDS 2503217839 7.192 2,108.72 No NO 37.71 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.599 3.000 649 Stated Rate/Term Refinance Owner Occupied SFR 2503217853 6.1175 2834.3 Yes 1YP 33.81 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.525 3.000 670 Stated Purchase Owner Occupied SFR 2503217881 6.193 1,100.00 Yes 3YP 32.43 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.600 3.000 731 Stated Rate/Term Refinance Owner Occupied PUD 2503217894 6.0425 1845.24 Yes 3YP 46.35 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.450 3.000 695 Stated Purchase Owner Occupied SFR 2503217955 6.393 1,777.07 No NO 39.73 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.800 3.875 669 Stated Rate/Term Refinance Owner Occupied Condominium 2503217979 6.3425 2098.69 No NO 47.07 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 683 Stated Purchase Owner Occupied SFR 2503218041 5.3425 2318.98 Yes 1YP 38.08 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 691 Stated Purchase Owner Occupied SFR 2503218099 6.843 1,033.50 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.250 3.000 726 Express Verified Assets Cash Out Refinance Investor Condominium 2503218101 5.858 2,666.25 Yes 3YP 48.07 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 755 Full Rate/Term Refinance Owner Occupied SFR 2503218107 5.7175 1929.38 Yes 3YP 36.63 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.125 3.000 686 Stated Purchase Investor 2-FAMILY 2503218154 6.668 827.43 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.950 0.000 692 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503218214 7.2425 2043.67 Yes 3YP 39.09 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 4.125 3.000 1.000 6.000 14.790 4.125 642 SISA Purchase Owner Occupied SFR 2503218232 7.0925 3250 Yes 3YP 42.66 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.500 3.000 732 Stated Purchase Owner Occupied Condominium 2503218287 5.831 1,460.73 No NO 34.74 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.238 3.000 712 Stated Cash Out Refinance Investor SFR 2503218313 6.218 4,519.29 Yes 3YP 39.62 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 709 Stated Cash Out Refinance Owner Occupied SFR 2503218341 6.4675 825 Yes 2YP 34.28 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 787 Stated Purchase Investor Condominium 2503218361 6.968 1,720.83 Yes 3YP 44.84 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.375 3.000 667 Stated Cash Out Refinance Owner Occupied SFR 2503218363 5.843 1,601.56 Yes 3YP 42.63 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 714 Stated Rate/Term Refinance Owner Occupied PUD 2503218378 5.143 2,854.65 No NO 11.20 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.550 3.000 773 Full Rate/Term Refinance Owner Occupied SFR 2503218381 7.680 1,253.56 Yes 1YP 44.65 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.088 3.000 648 Stated Rate/Term Refinance Investor SFR 2503218384 6.213 1,390.20 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.620 3.000 749 Express Non-Verified Assets Cash Out Refinance Investor PUD 2503218401 7.099 1,481.68 No NO 44.93 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.381 0.000 652 Stated Cash Out Refinance Owner Occupied SFR 2503218406 6.518 3,363.93 Yes 3YP 44.32 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.800 0.000 775 Stated Rate/Term Refinance Owner Occupied SFR 2503218427 8.0925 2422.5 No NO 38.99 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.500 3.000 764 SISA Purchase Owner Occupied 2-FAMILY 2503218453 7.153 2,055.38 Yes 1YP 40.58 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 14.700 3.875 667 Stated Cash Out Refinance Owner Occupied SFR 2503218457 6.326 1,722.53 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.733 3.875 668 Express Verified Assets Cash Out Refinance Investor SFR 2503218479 6.9125 3319.16 No NO 49.34 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 4.000 3.000 1.000 6.000 14.980 4.000 676 Stated Purchase Owner Occupied HI-RISE 2503218501 6.093 3,168.75 Yes 3YP 22.27 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 631 Stated Cash Out Refinance Owner Occupied SFR 2503218507 8.6625 1636.31 Yes 1YP 45.40 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 4.125 3.000 1.000 6.000 15.840 4.125 712 SISA Purchase Investor SFR 2503218525 5.843 2,583.33 Yes 3YP 41.39 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 698 Stated Rate/Term Refinance Owner Occupied SFR 2503218562 6.0675 535.54 Yes 3YP 39.62 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.475 3.000 746 Stated Purchase Investor SFR 2503218567 5.843 2,833.33 Yes 3YP 43.46 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 686 Stated Cash Out Refinance Owner Occupied SFR 2503218569 6.593 2,365.42 Yes 3YP 39.68 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.000 3.000 714 Stated Rate/Term Refinance Owner Occupied SFR 2503218589 5.343 2,300.00 Yes 3YP 41.65 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 11.750 2.750 699 Stated Rate/Term Refinance Owner Occupied SFR 2503218603 6.218 2,491.67 Yes 3YP 48.57 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 727 Full Rate/Term Refinance Owner Occupied 2-FAMILY 2503218619 6.718 819.65 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.000 0.000 704 Express No Doc Cash Out Refinance Owner Occupied Condominium 2503218632 5.343 3,301.46 No NO 45.38 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.750 3.000 696 Full Rate/Term Refinance Owner Occupied SFR 2503218639 5.583 2,383.52 Yes 3YP 42.96 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.990 3.000 720 Stated Cash Out Refinance Owner Occupied SFR 2503218640 5.243 1,193.56 Yes 3YP 32.96 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.650 3.000 706 Stated Rate/Term Refinance Investor Condominium 2503218647 5.843 1,099.06 Yes 3YP 44.51 7/6 LIBOR LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 12.250 3.000 679 Full Cash Out Refinance Owner Occupied SFR 2503218653 9.873 3,127.08 Yes 2YP 41.58 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 17.720 3.875 649 Stated Cash Out Refinance Investor SFR 2503218665 6.583 1,964.03 No NO 45.37 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.375 3.000 1.000 6.000 14.700 4.375 631 SISA Cash Out Refinance Owner Occupied SFR 2503218742 6.037 2,239.29 Yes 3YP 34.84 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.444 3.000 688 Stated Cash Out Refinance Investor SFR 2503218759 6.468 1,160.16 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.875 3.000 668 Express Verified Assets Cash Out Refinance Investor 2-FAMILY 2503218765 6.843 1,631.25 Yes 1YP 40.06 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.250 3.000 715 Full Rate/Term Refinance Investor 3-FAMILY 2503218771 7.2275 2926.75 Yes 3YP 49.90 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 13.635 3.875 682 Stated Purchase Owner Occupied SFR 2503218776 6.718 2,029.17 Yes 3YP 38.33 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.000 0.000 664 Stated Cash Out Refinance Owner Occupied SFR 2503218814 7.093 1,006.87 No NO 42.01 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.500 3.000 740 Stated Cash Out Refinance Investor 2-FAMILY 2503218824 5.8575 1217.16 No NO 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.140 0.000 783 Full Purchase Owner Occupied HI-RISE 2503218837 6.7075 996.95 Yes 1YP 23.62 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.990 0.000 745 Stated Purchase Owner Occupied SFR 2503218889 5.093 2,365.00 Yes 3YP 44.72 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.500 3.000 706 Full Rate/Term Refinance Owner Occupied D-PUDS 2503218898 5.418 1,431.98 Yes 1YP 29.99 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.825 3.000 741 Stated Cash Out Refinance Owner Occupied SFR 2503218911 6.468 1,466.67 No NO 34.59 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.875 3.000 722 Stated Cash Out Refinance Owner Occupied SFR 2503218923 6.6325 2686.46 Yes 1YP 50.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.040 3.000 660 Stated Purchase Owner Occupied 2-FAMILY 2503218940 6.468 916.67 Yes 3YP 39.77 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 647 Stated Cash Out Refinance Owner Occupied SFR 2503218963 5.718 1,485.31 Yes 3YP 39.33 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.125 3.875 632 Full Rate/Term Refinance Investor Condominium 2503218969 6.043 2,687.50 Yes 1YP 15.35 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.450 3.000 638 Stated Cash Out Refinance Owner Occupied SFR 2503218970 5.701 2,833.40 Yes 3YP 40.57 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.750 3.000 1.000 6.000 12.999 3.750 725 Stated Rate/Term Refinance Owner Occupied SFR 2503218980 5.588 779.85 Yes 3YP 34.87 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.995 3.000 776 Full Cash Out Refinance Second Home SFR 2503219012 7.093 1,200.00 No NO 44.75 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.500 3.000 787 Stated Cash Out Refinance Investor 2-FAMILY 2503219017 6.593 1,120.00 Yes 3YP 43.61 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.000 3.000 787 Stated Cash Out Refinance Investor 2-FAMILY 2503219020 7.343 1,059.17 No NO 30.71 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.750 3.000 620 Stated Cash Out Refinance Investor SFR 2503219037 5.093 2,560.73 Yes 1YP 42.54 3/6 LIBOR LIBOR 6 6 20100401 20100501 36 3.875 3.000 1.000 6.000 11.500 3.875 733 Full Rate/Term Refinance Owner Occupied D-PUDS 2503219081 5.5825 862.56 Yes 3YP 21.81 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.990 3.000 687 SISA Purchase Owner Occupied D-PUDS 2503219085 6.343 2,870.05 Yes 1YP 39.17 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.750 3.875 666 Stated Rate/Term Refinance Owner Occupied SFR 2503219091 7.093 1,174.15 Yes 2YP 27.98 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.375 0.000 637 Stated Cash Out Refinance Investor 2-FAMILY 2503219116 9.1775 836.72 No NO 22.64 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 16.625 3.875 671 Stated Purchase Investor SFR 2503219122 7.343 3,875.00 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.750 3.000 657 Express Verified Assets Rate/Term Refinance Owner Occupied 3-FAMILY 2503219125 5.793 2,345.67 Yes 3YP 27.53 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.200 3.000 776 Stated Rate/Term Refinance Investor SFR 2503219128 6.343 1,329.63 Yes 1YP 42.49 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 658 Stated Cash Out Refinance Owner Occupied SFR 2503219135 6.343 1,183.67 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 778 Express No Doc Verified Assets Cash Out Refinance Owner Occupied SFR 2503219163 8.0925 1577.81 No NO 43.02 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.500 3.000 672 Stated Purchase Owner Occupied SFR 2503219166 6.343 454.02 Yes 1YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 701 Express No Doc Cash Out Refinance Owner Occupied SFR 2503219270 7.9425 945.64 Yes 3YP 9.74 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.350 3.000 640 Stated Purchase Second Home Condominium 2503219272 6.973 3,403.13 No NO 43.73 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 14.250 3.625 758 Stated Cash Out Refinance Owner Occupied SFR 2503219294 5.943 981.60 Yes 3YP 19.21 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.350 3.000 709 SISA Cash Out Refinance Owner Occupied SFR 2503219297 6.343 3,164.06 Yes 2YP 49.99 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.750 3.000 646 Stated Cash Out Refinance Owner Occupied SFR 2503219299 5.593 1,820.00 Yes 3YP 0.00 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 12.000 3.000 687 Express No Doc Verified Assets Cash Out Refinance Owner Occupied SFR 2503219311 5.968 2,256.75 Yes 3YP 43.55 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.375 3.000 704 Stated Rate/Term Refinance Owner Occupied SFR 2503219312 6.106 705.58 Yes 1YP 28.63 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.513 3.875 639 SISA Cash Out Refinance Owner Occupied SFR 2503219341 5.813 3,169.95 Yes 3YP 42.64 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 661 Stated Cash Out Refinance Owner Occupied SFR 2503219349 6.218 2,875.91 Yes 3YP 44.56 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 751 Stated Cash Out Refinance Owner Occupied SFR 2503219364 6.843 3,636.00 Yes 1YP 37.94 7/6 LIBOR LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 13.250 3.000 646 Stated Cash Out Refinance Investor 2-FAMILY 2503219375 6.7925 1232.91 No NO 29.16 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.200 3.000 716 Stated Purchase Investor Condominium 2503219397 7.743 820.53 Yes 1YP 40.62 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.150 3.000 738 Stated Cash Out Refinance Investor SFR 2503219400 5.583 2,096.50 Yes 1YP 41.46 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.990 3.875 650 SISA Cash Out Refinance Owner Occupied SFR 2503219451 6.3425 3375 No NO 42.89 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.750 3.875 704 Stated Purchase Investor D-PUDS 2503219464 5.968 1,349.65 Yes 2YP 27.88 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.250 0.000 749 Stated Cash Out Refinance Owner Occupied SFR 2503219468 7.148 1,807.25 No NO 13.14 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.430 0.000 710 Stated Rate/Term Refinance Investor SFR 2503219475 7.555 2,492.83 No NO 45.47 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.875 3.000 1.000 6.000 15.963 4.875 634 Stated Rate/Term Refinance Owner Occupied SFR 2503219477 9.583 789.15 Yes 3YP 17.13 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 15.990 3.000 643 Stated Cash Out Refinance Investor 4-FAMILY 2503219509 6.553 812.50 Yes 3YP 40.24 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.500 3.000 1.000 6.000 13.500 3.500 645 FISA Rate/Term Refinance Owner Occupied SFR 2503219522 6.843 3,489.40 Yes 3YP 39.90 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 13.990 3.875 647 Stated Cash Out Refinance Owner Occupied 2-FAMILY 2503219530 8.542 804.36 Yes 1YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.950 3.000 712 Express Verified Assets Cash Out Refinance Investor SFR 2503219538 7.9525 1359.55 Yes 2YP 43.82 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 4.625 3.000 1.000 6.000 15.720 4.625 643 SISA Purchase Owner Occupied SFR 2503219541 6.583 2,976.58 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.990 3.000 640 Stated Cash Out Refinance Second Home SFR 2503219548 5.8425 4609.38 Yes 1YP 32.24 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 727 Full Purchase Owner Occupied SFR 2503219551 5.968 1,965.63 Yes 3YP 44.43 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 777 Stated Rate/Term Refinance Investor 2-FAMILY 2503219562 5.843 2,281.25 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 777 Stated Rate/Term Refinance Investor SFR 2503219596 6.293 2,809.63 Yes 3YP 34.24 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.750 3.000 1.000 6.000 13.800 3.750 696 Full Cash Out Refinance Owner Occupied SFR 2503219602 6.463 2,633.33 Yes 3YP 45.77 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 13.900 3.625 669 Stated Cash Out Refinance Owner Occupied SFR 2503219607 7.5225 2117.01 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.750 3.000 1.000 6.000 14.750 3.750 687 Express Non-Verified Assets Purchase Second Home SFR 2503219614 6.843 3,466.41 Yes 2YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 13.250 3.875 698 Express Non-Verified Assets Cash Out Refinance Investor 4-FAMILY 2503219617 5.4805 1540.16 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.888 3.000 787 Express Verified Assets Purchase Investor SFR 2503219619 6.593 2,008.89 Yes 2YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 643 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 2503219626 5.663 1,767.79 No NO 34.19 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 12.650 3.625 704 Full Rate/Term Refinance Owner Occupied SFR 2503219644 6.513 1,502.19 Yes 3YP 38.54 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.500 3.000 1.000 6.000 13.500 3.500 757 Stated Rate/Term Refinance Owner Occupied SFR 2503219658 5.218 1,686.57 Yes 3YP 44.23 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 5.500 0.000 682 Stated Cash Out Refinance Owner Occupied SFR 2503219707 7.738 3,835.63 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 15.025 3.875 667 Express Verified Assets Cash Out Refinance Owner Occupied SFR 2503219711 5.788 1,248.40 Yes 3YP 47.08 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.500 3.000 1.000 6.000 13.125 3.500 671 Stated Cash Out Refinance Owner Occupied SFR 2503219715 6.6525 3608.53 No NO 43.74 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 3.750 3.000 1.000 6.000 14.350 3.750 787 Full Purchase Owner Occupied SFR 2503219719 5.878 548.89 Yes 3YP 34.76 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.160 0.000 658 Stated Cash Out Refinance Owner Occupied SFR 2503219720 5.843 2,669.48 Yes 3YP 35.87 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 639 Stated Rate/Term Refinance Owner Occupied SFR 2503219756 5.718 3,062.50 Yes 3YP 43.10 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.125 3.000 624 Stated Cash Out Refinance Owner Occupied D-PUDS 2503219770 5.843 2,760.42 Yes 1YP 47.52 3/6 LIBOR IO 60 LIBOR 6 6 20100401 20100501 36 3.000 3.000 1.000 6.000 12.250 3.000 716 Stated Rate/Term Refinance Investor SFR 2503219771 6.568 801.66 No NO 26.84 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.975 3.000 637 Full Cash Out Refinance Investor SFR 2503219785 5.968 573.75 Yes 3YP 28.61 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 3.000 640 Stated Cash Out Refinance Owner Occupied SFR 2503219788 6.0925 1909.38 Yes 3YP 39.29 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 790 Stated Purchase Second Home Condominium 2503219789 6.4425 2761.41 Yes 3YP 28.94 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.850 3.875 704 Stated Purchase Investor Condominium 2503219790 7.308 1,851.60 Yes 1YP 36.63 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 13.715 3.875 639 Full Rate/Term Refinance Owner Occupied D-PUDS 2503219798 5.9675 4491.86 Yes 3YP 41.16 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.375 3.000 715 Stated Purchase Owner Occupied D-PUDS 2503219806 5.718 2,817.89 Yes 3YP 44.92 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.000 0.000 703 Stated Rate/Term Refinance Owner Occupied SFR 2503219811 5.483 2,689.77 Yes 3YP 45.30 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.890 3.875 637 Stated Rate/Term Refinance Owner Occupied SFR 2503219814 6.443 1,644.00 Yes 3YP 37.39 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 12.850 2.750 756 Stated Cash Out Refinance Owner Occupied SFR 2503219824 6.9675 923.1 Yes 1YP 25.61 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.375 3.000 749 Stated Purchase Investor SFR 2503219825 7.3015 2898.14 Yes 2YP 44.29 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 4.125 3.000 1.000 6.000 14.599 4.125 646 Stated Purchase Owner Occupied SFR 2503219843 5.918 975.10 Yes 3YP 41.27 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.325 3.000 631 Full Cash Out Refinance Owner Occupied Condominium 2503219845 5.343 1,868.75 Yes 3YP 44.34 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 11.750 3.875 652 Stated Cash Out Refinance Owner Occupied SFR 2503219848 6.583 4,077.50 No NO 26.67 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.990 3.000 704 Stated Rate/Term Refinance Investor 2-FAMILY 2503219850 6.468 1,250.16 Yes 3YP 43.95 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 644 Stated Cash Out Refinance Owner Occupied D-PUDS 2503219851 6.0925 1360.94 Yes 3YP 16.97 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 732 Stated Purchase Investor SFR 2503219857 6.593 1,460.94 Yes 3YP 44.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 649 Stated Cash Out Refinance Owner Occupied SFR 2503219859 6.893 2,190.00 Yes 3YP 34.63 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.300 3.000 776 Full Cash Out Refinance Owner Occupied D-PUDS 2503219861 8.3125 976.64 Yes 1YP 21.71 7/6 LIBOR IO 60 LIBOR 6 6 20140401 20140501 84 3.875 3.000 1.000 6.000 14.720 3.875 765 SISA Purchase Investor SFR 2503219866 5.843 4,947.92 No NO 32.80 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 776 Stated Cash Out Refinance Owner Occupied SFR 2503219870 6.323 1,781.35 Yes 3YP 48.74 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 13.990 3.875 626 Full Rate/Term Refinance Investor 2-FAMILY 2503219904 7.293 2,045.31 No NO 49.61 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.700 3.000 685 Stated Rate/Term Refinance Investor 2-FAMILY 2503219907 7.443 1,148.63 Yes 3YP 47.56 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.000 3.000 1.000 6.000 15.000 4.000 628 Stated Cash Out Refinance Investor SFR 2503219908 7.293 2,310.00 No NO 49.61 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.700 3.000 685 Stated Rate/Term Refinance Investor 2-FAMILY 2503219914 10.093 856.20 No NO 35.40 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 16.500 3.000 626 Stated Cash Out Refinance Investor Townhouse 2503219917 6.183 2,350.43 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.590 3.000 676 Express Verified Assets Cash Out Refinance Owner Occupied SFR 2503219918 8.8425 1974.42 No NO 26.41 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 15.250 3.875 669 Stated Purchase Investor 3-FAMILY 2503219927 5.9675 1978.8 Yes 2YP 45.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.375 3.000 712 Stated Purchase Owner Occupied SFR 2503219937 5.468 629.11 Yes 3YP 38.20 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.875 3.000 684 SISA Rate/Term Refinance Owner Occupied SFR 2503219943 6.0925 1476.85 Yes 3YP 42.43 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 687 Stated Purchase Owner Occupied SFR 2503219952 6.818 2,486.52 Yes 3YP 41.45 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.100 0.000 686 SISA Cash Out Refinance Owner Occupied SFR 2503219953 6.618 1,380.00 Yes 3YP 40.22 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.900 0.000 660 SISA Cash Out Refinance Owner Occupied SFR 2503219959 6.218 2,013.97 Yes 3YP 0.00 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 647 Express Verified Assets Cash Out Refinance Owner Occupied Condominium 2503219969 5.583 3,114.32 Yes 3YP 36.29 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.990 3.875 706 Stated Cash Out Refinance Owner Occupied SFR 2503219990 5.718 1,531.25 No NO 13.96 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.125 3.000 776 Stated Cash Out Refinance Owner Occupied 2-FAMILY 2503219997 6.708 1,435.86 Yes 2YP 37.27 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.990 0.000 673 SISA Rate/Term Refinance Owner Occupied SFR 2503219999 6.3825 2418.94 Yes 3YP 29.18 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.790 3.000 704 Stated Purchase Investor Condominium 2503220005 5.733 1,243.35 Yes 3YP 42.39 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.140 3.000 632 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503220008 8.583 522.54 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.990 3.000 727 Express Verified Assets Cash Out Refinance Second Home D-PUDS 2503220009 6.168 1,610.88 Yes 3YP 0.00 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 12.575 3.000 689 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503220012 7.218 1,500.00 Yes 3YP 35.38 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.500 0.000 659 Stated Cash Out Refinance Owner Occupied SFR 2503220029 6.6325 1712.24 Yes 3YP 45.74 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 4.875 3.000 1.000 6.000 14.300 4.875 639 SISA Purchase Owner Occupied SFR 2503220044 5.343 1,940.63 Yes 1YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 11.750 3.875 779 Express No Doc Cash Out Refinance Owner Occupied SFR 2503220045 6.468 1,642.32 No NO 38.20 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 692 Full Rate/Term Refinance Owner Occupied SFR 2503220048 9.1425 5708.11 No NO 38.01 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 4.125 3.000 1.000 6.000 15.550 4.125 684 Stated Purchase Owner Occupied SFR 2503220049 7.583 1,065.33 Yes 2YP 34.72 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 13.990 3.875 727 Stated Cash Out Refinance Investor SFR 2503220050 6.403 781.45 Yes 2YP 38.99 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.810 3.000 680 SISA Rate/Term Refinance Owner Occupied SFR 2503220072 6.468 3,004.95 Yes 2YP 44.15 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.875 3.000 710 Full Rate/Term Refinance Investor SFR 2503220073 6.218 1,403.19 Yes 3YP 33.18 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 682 SISA Cash Out Refinance Owner Occupied SFR 2503220076 5.468 964.21 Yes 3YP 30.39 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.875 3.000 727 Stated Rate/Term Refinance Investor 4-FAMILY 2503220077 7.218 1,747.40 Yes 2YP 43.46 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 3.000 3.000 1.000 6.000 13.625 3.000 633 SISA Cash Out Refinance Owner Occupied SFR 2503220094 6.278 2,159.06 No NO 49.60 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 13.875 3.625 737 Stated Cash Out Refinance Second Home SFR 2503220099 6.718 1,258.75 Yes 3YP 39.85 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.125 3.000 776 Full Cash Out Refinance Owner Occupied Condominium 2503220102 6.468 2,890.08 Yes 3YP 0.00 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 695 Express No Doc Cash Out Refinance Owner Occupied SFR 2503220103 6.343 846.56 Yes 2YP 42.32 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 622 Stated Cash Out Refinance Owner Occupied SFR 2503220107 6.093 947.92 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.500 3.000 704 Express Verified Assets Rate/Term Refinance Investor SFR 2503220111 6.343 3,037.50 No NO 35.42 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 795 Stated Cash Out Refinance Owner Occupied SFR 2503220136 6.083 2,650.08 No NO 41.74 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.490 3.000 642 Stated Rate/Term Refinance Owner Occupied SFR 2503220149 6.328 856.13 Yes 3YP 19.91 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.250 0.000 691 Stated Cash Out Refinance Investor SFR 2503220154 6.323 1,402.08 Yes 3YP 29.84 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.730 3.000 662 Stated Cash Out Refinance Owner Occupied SFR 2503220162 6.093 1,264.14 No NO 28.30 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.500 3.875 728 Stated Cash Out Refinance Owner Occupied SFR 2503220163 6.3425 1215 Yes 2YP 34.64 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.750 3.000 686 Stated Purchase Owner Occupied SFR 2503220173 7.0875 1104.54 Yes 2YP 32.01 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.370 0.000 790 Full Purchase Investor 4-FAMILY 2503220177 6.343 2,205.00 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.750 3.000 661 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 2503220199 8.092 1,329.45 Yes 3YP 37.17 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.500 3.000 1.000 6.000 14.500 3.500 629 Full Cash Out Refinance Owner Occupied SFR 2503220210 6.5825 3984.3 Yes 1YP 44.66 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.990 3.000 729 SISA Purchase Owner Occupied 2-FAMILY 2503220222 6.4475 665.12 No NO 42.75 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 13.375 3.625 765 Stated Purchase Owner Occupied SFR 2503220234 6.6825 3540.27 Yes 3YP 42.15 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.090 3.000 657 Stated Purchase Owner Occupied SFR 2503220257 7.093 1,371.87 Yes 3YP 32.49 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.750 3.000 1.000 6.000 13.500 3.750 696 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503220268 5.993 2,906.67 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.400 3.000 679 Express Non-Verified Assets Rate/Term Refinance Owner Occupied D-PUDS 2503220271 5.918 1,581.25 Yes 1YP 33.70 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.325 3.000 759 Stated Cash Out Refinance Owner Occupied SFR 2503220288 6.093 1,316.25 Yes 3YP 36.61 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.500 3.875 710 Stated Cash Out Refinance Owner Occupied SFR 2503220293 8.342 5,332.03 No NO 44.73 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.750 3.000 645 Stated Cash Out Refinance Investor SFR 2503220307 6.468 1,070.19 Yes 1YP 42.23 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 721 Stated Cash Out Refinance Investor SFR 2503220308 6.0025 1340.76 Yes 2YP 36.75 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 12.410 3.875 699 Stated Purchase Investor SFR 2503220317 5.8725 1508.39 Yes 3YP 42.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 3.750 3.000 1.000 6.000 12.750 3.750 745 Full Purchase Owner Occupied SFR 2503220358 6.5325 1263.66 Yes 1YP 42.66 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.940 3.000 780 Stated Purchase Owner Occupied SFR 2503220395 6.343 1,790.13 Yes 3YP 35.42 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.750 3.875 621 Full Cash Out Refinance Owner Occupied SFR 2503220425 7.8925 4315.45 No NO 47.63 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.300 3.000 755 Stated Purchase Owner Occupied Condominium 2503220433 10.0525 3693.86 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 17.150 3.625 725 Express Non-Verified Assets Purchase Investor D-PUDS 2503220450 6.238 2,362.76 Yes 3YP 48.78 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.990 0.000 760 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503220474 6.443 502.33 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.850 3.000 741 Express No Doc Cash Out Refinance Owner Occupied SFR 2503220476 6.583 1,759.15 Yes 3YP 38.17 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.990 3.000 642 Stated Cash Out Refinance Owner Occupied Condominium 2503220486 5.218 1,195.31 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.625 3.000 708 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 2503220487 5.793 418.50 Yes 3YP 27.14 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.200 3.000 717 Stated Cash Out Refinance Investor SFR 2503220497 5.263 897.75 Yes 3YP 23.94 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.670 3.000 717 Stated Cash Out Refinance Owner Occupied SFR 2503220512 9.3725 3673.54 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.625 3.000 1.000 6.000 16.400 3.625 765 Express Non-Verified Assets Purchase Investor D-PUDS 2503220527 8.4305 2827.79 No NO 44.08 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.838 3.000 758 Stated Purchase Investor D-PUDS 2503220547 5.468 587.50 Yes 1YP 41.69 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 11.875 3.875 747 Full Cash Out Refinance Investor SFR 2503220549 7.5825 1573.03 No NO 28.47 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.990 3.000 677 Stated Purchase Owner Occupied HI-RISE 2503220553 5.7075 1625.84 Yes 3YP 49.41 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.375 3.000 1.000 6.000 13.325 4.375 632 Stated Purchase Owner Occupied SFR 2503220573 6.468 1,686.36 No NO 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 707 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503220574 5.583 2,386.77 No NO 43.23 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 11.990 3.875 697 Stated Rate/Term Refinance Owner Occupied SFR 2503220581 5.593 2,440.00 Yes 1YP 28.76 3/6 LIBOR IO 120 LIBOR 6 6 20100501 20100601 37 3.000 3.000 1.000 6.000 12.000 3.000 721 Stated Cash Out Refinance Owner Occupied SFR 2503220591 5.843 3,046.88 Yes 3YP 49.58 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 734 Full Cash Out Refinance Owner Occupied SFR 2503220602 5.613 1,742.85 Yes 3YP 40.11 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 12.650 3.875 662 Stated Cash Out Refinance Owner Occupied Condominium 2503220612 5.843 2,687.50 Yes 1YP 23.86 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.250 3.000 773 Stated Rate/Term Refinance Investor SFR 2503220613 5.843 963.67 Yes 3YP 33.76 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.125 0.000 757 Stated Cash Out Refinance Owner Occupied SFR 2503220614 8.2575 1719.1 No NO 31.37 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 10.100 0.000 642 Stated Purchase Owner Occupied SFR 2503220618 7.318 1,444.00 Yes 1YP 44.05 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.600 0.000 680 Stated Cash Out Refinance Investor SFR 2503220624 7.0025 1135.58 No NO 36.40 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 13.410 3.875 680 Stated Purchase Owner Occupied Condominium 2503220636 7.583 1,910.04 No NO 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.990 3.000 676 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503220637 5.483 2,586.69 Yes 1YP 29.55 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 11.890 3.000 778 Stated Rate/Term Refinance Owner Occupied SFR 2503220639 6.113 2,248.33 Yes 3YP 43.89 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.750 3.000 1.000 6.000 13.100 3.750 742 Stated Rate/Term Refinance Owner Occupied SFR 2503220640 5.863 2,847.63 Yes 1YP 12.84 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.270 3.000 728 Stated Rate/Term Refinance Investor 4-FAMILY 2503220667 7.2125 808.36 No NO 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.620 3.000 688 Express Verified Assets Purchase Second Home SFR 2503220674 10.7325 2894.53 No NO 36.17 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 4.375 3.000 1.000 5.200 18.000 4.375 633 Stated Purchase Investor HI-RISE 2503220677 7.0725 1692.06 No NO 45.90 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.325 0.000 693 Stated Purchase Owner Occupied SFR 2503220694 4.968 2,041.67 Yes 3YP 43.82 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.500 3.000 1.000 6.000 12.125 3.500 684 Full Rate/Term Refinance Owner Occupied Condominium 2503220707 5.593 1,500.00 Yes 3YP 34.74 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.000 3.000 749 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503220709 7.7325 3904.78 Yes 1YP 0.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 14.780 3.625 730 Express Verified Assets Purchase Investor SFR 2503220712 6.593 1,718.75 No NO 9.65 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 769 Stated Cash Out Refinance Investor Condominium 2503220715 5.543 857.79 Yes 3YP 30.03 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 11.950 3.875 793 Stated Cash Out Refinance Owner Occupied SFR 2503220726 6.843 1,141.81 Yes 3YP 38.24 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.250 3.000 640 Stated Rate/Term Refinance Owner Occupied SFR 2503220729 10.2475 2559.38 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 17.375 3.625 749 Express Non-Verified Assets Purchase Investor Condominium 2503220743 8.2325 2556.09 No NO 33.49 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 4.625 3.000 1.000 6.000 16.250 4.625 642 SISA Purchase Owner Occupied SFR 2503220746 5.8525 1170 Yes 3YP 45.06 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.125 3.000 1.000 6.000 13.500 4.125 650 Stated Purchase Owner Occupied SFR 2503220793 8.592 1,236.00 Yes 3YP 32.85 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 15.000 3.000 651 Stated Cash Out Refinance Investor SFR 2503220808 6.763 2,621.53 No NO 49.57 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.170 3.000 702 SISA Cash Out Refinance Investor 2-FAMILY 2503220817 7.3175 1487.07 Yes 3YP 38.32 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.600 0.000 672 Stated Purchase Second Home Condominium 2503220825 5.543 2,315.54 No NO 28.12 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 2.250 3.000 1.000 5.000 10.950 2.250 715 Stated Rate/Term Refinance Owner Occupied SFR 2503220831 9.608 3,324.47 No NO 44.26 7/6 LIBOR LIBOR 6 6 20140501 20140601 85 4.625 3.000 1.000 6.000 17.625 4.625 657 Stated Cash Out Refinance Owner Occupied SFR 2503220836 7.8125 4698.72 Yes 2YP 44.52 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.220 3.000 774 Stated Purchase Owner Occupied 3-FAMILY 2503220837 5.693 1,058.68 Yes 3YP 25.64 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.100 3.000 657 Full Cash Out Refinance Owner Occupied SFR 2503220855 5.568 1,195.00 Yes 3YP 43.68 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 4.000 3.000 1.000 6.000 11.975 4.000 744 Stated Rate/Term Refinance Owner Occupied SFR 2503220858 7.583 3,835.20 Yes 3YP 35.15 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.990 3.000 725 Stated Rate/Term Refinance Investor SFR 2503220867 5.593 1,750.00 Yes 3YP 27.75 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.000 3.000 718 Stated Rate/Term Refinance Owner Occupied 2-FAMILY 2503220901 8.1825 1961.03 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.590 3.000 686 Express No Doc Purchase Owner Occupied SFR 2503220905 6.868 1,965.43 No NO 35.50 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.150 0.000 649 Stated Rate/Term Refinance Owner Occupied SFR 2503220944 6.468 1,945.79 Yes 2YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 680 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503220946 6.583 2,283.40 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.990 3.000 661 Express Non-Verified Assets Rate/Term Refinance Owner Occupied SFR 2503220951 5.833 709.10 Yes 3YP 48.72 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.750 3.000 1.000 6.000 12.890 3.750 620 Full Rate/Term Refinance Owner Occupied SFR 2503220990 6.343 2,610.00 Yes 1YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 12.750 3.875 698 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 2503221036 5.843 3,375.00 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.250 3.000 682 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503221048 9.9525 2466.73 Yes 1YP 36.27 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 17.350 3.625 668 SISA Purchase Investor SFR 2503221054 7.3355 3405.94 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 4.125 3.000 1.000 6.000 14.963 4.125 694 Express Non-Verified Assets Purchase Owner Occupied SFR 2503221069 8.583 1,738.07 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 14.990 3.000 661 Express Non-Verified Assets Cash Out Refinance Investor SFR 2503221080 5.843 2,604.17 Yes 1YP 42.28 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.250 3.000 782 Stated Rate/Term Refinance Owner Occupied 2-FAMILY 2503221087 6.875 5,230.90 Yes 1YP 40.87 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.282 3.000 651 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503221114 6.6225 3428.91 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 4.125 3.000 1.000 6.000 14.250 4.125 690 Express Verified Assets Purchase Owner Occupied SFR 2503221131 6.803 1,510.88 Yes 3YP 48.96 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 14.500 3.875 675 Stated Cash Out Refinance Owner Occupied SFR 2503221149 5.843 2,609.38 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.250 3.000 697 Express Verified Assets Rate/Term Refinance Owner Occupied 2-FAMILY 2503221167 5.953 1,852.35 Yes 3YP 46.12 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 12.990 3.625 669 SISA Rate/Term Refinance Owner Occupied SFR 2503221169 5.843 2,508.33 Yes 1YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.875 3.000 1.000 6.000 12.250 3.875 726 Express Verified Assets Cash Out Refinance Owner Occupied SFR 2503221190 6.468 4,864.49 Yes 1YP 43.82 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 703 Stated Rate/Term Refinance Owner Occupied SFR 2503221204 6.153 792.67 Yes 3YP 43.45 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.560 3.000 649 Stated Cash Out Refinance Investor SFR 2503221216 7.3425 2720.25 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.750 3.000 687 Express No Doc Purchase Owner Occupied 2-FAMILY 2503221231 6.5625 2219.97 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 4.250 3.000 1.000 6.000 14.250 4.250 667 Express Non-Verified Assets Purchase Owner Occupied SFR 2503221234 6.343 1,482.19 Yes 2YP 44.06 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.750 3.000 787 Stated Rate/Term Refinance Investor SFR 2503221254 6.7825 2974.69 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 4.125 3.000 1.000 6.000 14.350 4.125 689 Express Non-Verified Assets Purchase Owner Occupied SFR 2503221272 6.8425 3738.33 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.250 3.000 706 Express No Doc Purchase Owner Occupied 2-FAMILY 2503221291 6.343 1,792.87 Yes 3YP 41.32 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.625 0.000 709 Stated Cash Out Refinance Owner Occupied SFR 2503221296 9.9025 1035.94 No NO 46.33 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 17.250 3.875 643 Stated Purchase Investor SFR 2503221302 6.468 2,497.10 Yes 3YP 45.89 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.750 0.000 649 Stated Cash Out Refinance Owner Occupied SFR 2503221339 6.718 495.83 No NO 51.56 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.000 0.000 658 Stated Cash Out Refinance Owner Occupied PUD 2503221344 7.2125 1935.74 No NO 49.15 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 4.000 3.000 1.000 6.000 14.500 4.000 707 Stated Purchase Owner Occupied Condominium 2503221354 6.843 741.09 Yes 3YP 38.07 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.125 0.000 660 Stated Cash Out Refinance Owner Occupied SFR 2503221384 7.093 2,650.00 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.500 3.000 1.000 6.000 13.500 3.500 635 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503221387 6.7245 2410.34 Yes 1YP 36.17 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.787 0.000 701 Stated Purchase Owner Occupied D-PUDS 2503221412 6.843 2,900.00 Yes 3YP 43.05 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.250 3.000 721 SISA Rate/Term Refinance Owner Occupied SFR 2503221414 6.0925 2621.67 Yes 1YP 47.56 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 12.500 3.875 635 Stated Purchase Owner Occupied SFR 2503221429 6.5875 3572.1 Yes 3YP 46.41 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.100 0.000 715 Stated Purchase Owner Occupied SFR 2503221453 6.093 2,491.67 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.500 3.000 633 Express Verified Assets Rate/Term Refinance Investor SFR 2503221468 6.218 755.25 No NO 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.625 3.000 687 Express Verified Assets Rate/Term Refinance Owner Occupied D-PUDS 2503221489 7.8425 710.13 Yes 1YP 42.66 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.250 3.000 698 SISA Purchase Owner Occupied SFR 2503221498 6.618 2,487.43 Yes 3YP 40.08 40/30 FIXED BAL FIXED 0 0 0 0.000 0.000 0.000 0.000 6.900 0.000 646 Stated Cash Out Refinance Owner Occupied SFR 2503221504 6.593 1,629.18 Yes 3YP 41.31 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 715 Full Cash Out Refinance Owner Occupied SFR 2503221532 7.228 2,372.03 Yes 3YP 27.25 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.990 0.000 762 Full Cash Out Refinance Owner Occupied D-PUDS 2503221560 7.3525 1655.73 Yes 1YP 32.55 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 14.500 3.875 657 SISA Purchase Owner Occupied D-PUDS 2503221565 6.538 710.42 Yes 3YP 29.76 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.820 0.000 784 Stated Rate/Term Refinance Investor D-PUDS 2503221568 6.538 716.10 Yes 3YP 29.81 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.820 0.000 784 Stated Rate/Term Refinance Investor D-PUDS 2503221573 7.8425 2281.39 No NO 28.22 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.250 3.000 691 SISA Purchase Owner Occupied SFR 2503221575 7.218 2,456.25 Yes 1YP 40.44 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.500 0.000 658 Stated Cash Out Refinance Owner Occupied SFR 2503221611 5.343 610.94 Yes 3YP 34.59 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.750 3.000 771 SISA Rate/Term Refinance Owner Occupied SFR 2503221642 7.338 2,579.84 Yes 3YP 44.36 30YR FIXED IO 60 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.250 0.000 779 Stated Cash Out Refinance Owner Occupied SFR 2503221677 6.943 2,119.25 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.350 3.000 692 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 2503221680 6.718 956.67 Yes 1YP 23.16 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.000 0.000 751 Full Rate/Term Refinance Investor PUD 2503221685 6.593 1,937.94 Yes 2YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.875 0.000 654 Express Verified Assets Cash Out Refinance Owner Occupied SFR 2503221699 5.543 1,492.46 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 11.950 3.875 699 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 2503221747 6.6975 1023.75 Yes 3YP 47.04 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.500 0.000 778 Full Purchase Investor SFR 2503221776 6.8425 5781.44 No NO 44.07 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.250 3.000 759 Stated Purchase Investor SFR 2503221815 5.893 1,034.25 Yes 3YP 41.57 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 12.300 3.875 648 SISA Cash Out Refinance Owner Occupied SFR 2503221874 5.543 986.71 Yes 3YP 44.27 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.950 3.000 698 SISA Cash Out Refinance Owner Occupied SFR 2503221883 5.293 1,411.70 Yes 3YP 42.79 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 11.700 3.875 680 SISA Rate/Term Refinance Owner Occupied SFR 2503221898 7.1375 1272.59 Yes 2YP 49.92 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 13.545 3.875 687 Stated Purchase Owner Occupied D-PUDS 2503221899 6.7175 1144.32 Yes 3YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.000 0.000 682 Express No Doc Purchase Owner Occupied D-PUDS 2503221911 10.443 5,425.00 Yes 3YP 44.92 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 16.850 3.000 709 SISA Cash Out Refinance Investor 4-FAMILY 2503221940 6.218 1,833.00 Yes 3YP 34.83 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 754 Stated Rate/Term Refinance Investor SFR 2503221942 6.218 1,801.39 Yes 3YP 34.89 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 754 Stated Rate/Term Refinance Investor SFR 2503221944 7.593 2,726.26 Yes 1YP 0.00 30YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 7.875 0.000 632 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503221952 6.394 2,563.16 Yes 2YP 0.00 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.676 0.000 698 Express Non-Verified Assets Rate/Term Refinance Investor 2-FAMILY 2503221956 7.0125 3069.69 Yes 3YP 40.45 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.750 3.000 1.000 6.000 14.250 3.750 777 Stated Purchase Owner Occupied SFR 2503221959 5.583 1,797.00 Yes 1YP 33.01 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.990 3.000 718 Stated Cash Out Refinance Owner Occupied SFR 2503222017 7.153 2,450.94 No NO 43.94 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 8.525 0.000 656 Stated Rate/Term Refinance Owner Occupied SFR 2503222029 9.4325 1838.19 No NO 49.21 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 4.375 3.000 1.000 6.000 16.840 4.375 621 Stated Purchase Investor 2-FAMILY 2503222044 6.2175 1690 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 734 Stated Purchase Owner Occupied SFR 2503222056 5.4735 2187.65 Yes 3YP 44.27 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 12.341 3.875 714 Full Purchase Owner Occupied SFR 2503222067 6.268 1,969.68 Yes 3YP 0.00 15YR FIXED FIXED 0 0 0 0.000 0.000 0.000 0.000 6.550 0.000 757 Express Verified Assets Cash Out Refinance Investor SFR 2503222095 9.2525 957.38 No NO 23.57 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 4.125 3.000 1.000 6.000 17.100 4.125 650 SISA Purchase Investor SFR 2503222276 7.5325 3710.15 Yes 1YP 49.95 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 4.125 3.000 1.000 6.000 15.100 4.125 694 Stated Purchase Owner Occupied 2-FAMILY 2503222398 7.443 3,532.50 Yes 3YP 39.93 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.850 3.000 630 SISA Cash Out Refinance Owner Occupied SFR 2503222410 8.6525 4143.75 No NO 37.31 7/6 LIBOR IO 120 LIBOR 6 6 20140501 20140601 85 3.875 3.000 1.000 6.000 15.750 3.875 651 Stated Purchase Owner Occupied 2-FAMILY 2503222421 7.5925 3736.67 No NO 42.27 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.000 3.000 687 Stated Purchase Owner Occupied SFR 2503222426 8.092 1,190.00 No NO 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.500 3.000 1.000 6.000 14.500 3.500 643 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 2503222473 10.1425 3012.49 No NO 45.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 17.990 3.875 656 SISA Purchase Investor 2-FAMILY 2503222505 6.218 1,153.75 Yes 3YP 0.00 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 6.500 0.000 689 Express Verified Assets Rate/Term Refinance Second Home D-PUDS 2503222536 6.468 1,736.08 Yes 3YP 48.68 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.875 3.000 636 Full Rate/Term Refinance Owner Occupied SFR 2503222572 9.5625 1244.76 Yes 1YP 32.45 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 15.970 3.625 753 SISA Purchase Investor SFR 2503222577 5.243 2,064.60 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 11.650 3.875 689 Express Verified Assets Rate/Term Refinance Owner Occupied SFR 2503222705 5.253 2,963.41 Yes 3YP 43.72 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.750 3.000 1.000 6.000 12.650 3.750 729 Stated Rate/Term Refinance Owner Occupied SFR 2503222714 9.9825 1799.1 Yes 1YP 15.05 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 4.375 3.000 1.000 6.000 18.000 4.375 633 Stated Purchase Investor SFR 2503222737 6.843 1,947.50 Yes 1YP 32.33 30YR FIXED IO 120 FIXED 0 0 0 0.000 0.000 0.000 0.000 7.125 0.000 691 Stated Cash Out Refinance Owner Occupied SFR 2503222750 9.6425 4249.89 Yes 3YP 49.66 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 16.050 3.000 676 Stated Purchase Owner Occupied D-PUDS 3903000039 5.9675 1567.19 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20100301 20100401 35 2.875 6.000 2.000 6.000 12.375 2.875 693 Express Verified Assets Purchase Owner Occupied SFR 1103618137 6.8425 4006.83 No NO 0.00 5/1 LIBOR IO 120 LIBOR 12 12 20110901 20111001 53 3.250 5.000 2.000 5.000 12.250 3.250 695 Express Verified Assets Purchase Owner Occupied SFR 1103642494 5.718 1,128.02 Yes 3YP 49.83 5/6 LIBOR IO 120 LIBOR 6 6 20111201 20120101 56 2.750 6.000 2.000 6.000 12.125 2.750 628 Full Cash Out Refinance Owner Occupied PUD 1103643476 6.593 1,871.16 No NO 42.32 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 13.000 3.000 641 Stated Cash Out Refinance Investor SFR 1103646168 7.4675 1968.75 No NO 39.42 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.750 3.000 1.000 6.000 13.875 2.750 647 Stated Purchase Investor SFR 1103646798 9.183 2,388.84 No NO 47.42 3/6 LIBOR LIBOR 6 6 20100201 20100301 34 5.550 3.000 1.000 6.000 17.550 11.550 602 SISA Cash Out Refinance Owner Occupied SFR 1103651163 6.7175 2731.25 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.125 3.000 674 Express Verified Assets Purchase Owner Occupied SFR 1103655024 5.4675 2957.69 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 3.000 3.000 1.000 6.000 11.875 3.000 801 Express No Doc Purchase Owner Occupied D-PUDS 1103657475 5.968 1,264.38 Yes 2YP 26.70 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.375 6.375 693 Stated Rate/Term Refinance Investor SFR 1103658445 6.583 1,497.03 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.990 3.000 693 Express No Doc Cash Out Refinance Owner Occupied D-PUDS 1103658486 5.7175 2627 Yes 3YP 38.61 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.125 3.000 762 Full Purchase Investor HI-RISE 1103659219 6.293 2,470.63 Yes 3YP 39.73 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.700 3.000 759 Full Cash Out Refinance Owner Occupied Townhouse 1103659421 6.9675 3072.92 Yes 1YP 45.51 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 13.375 2.750 681 Stated Purchase Owner Occupied SFR 1103660532 5.968 1,700.00 No NO 42.42 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.375 3.000 722 Full Rate/Term Refinance Owner Occupied SFR 1103660736 6.218 2,746.62 Yes 3YP 43.78 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.750 3.000 1.000 6.000 12.625 2.750 727 Stated Rate/Term Refinance Investor SFR 1103661798 7.093 1,300.00 Yes 2YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 5.000 3.000 1.000 5.000 12.500 5.000 681 Express No Doc Verified Assets Cash Out Refinance Owner Occupied SFR 1103661802 7.4675 6398.44 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.875 5.000 720 Express No Doc Verified Assets Purchase Owner Occupied SFR 1103661805 7.4675 6562.5 No NO 30.02 5/6 LIBOR IO 120 LIBOR 6 6 20120101 20120201 57 5.000 3.000 1.000 5.000 12.875 5.000 734 SISA Purchase Owner Occupied PUD 1103661817 7.593 381.56 No NO 35.21 5/6 LIBOR LIBOR 6 6 20120201 20120301 58 5.000 5.000 1.000 5.000 13.000 5.000 642 SISA Cash Out Refinance Investor SFR 1103661824 7.218 540.75 No NO 15.32 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.625 5.000 683 Stated Cash Out Refinance Investor SFR 1103661840 7.4675 714 No NO 5.78 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 5.000 3.000 1.000 5.000 12.875 5.000 659 Stated Purchase Investor SFR 1103661871 7.843 907.50 No NO 19.51 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.250 5.000 671 Stated Cash Out Refinance Investor SFR 1103661875 7.5925 1060.13 No NO 17.26 5/6 LIBOR IO 120 LIBOR 6 6 20120101 20120201 57 5.000 3.000 1.000 5.000 13.000 5.000 705 SISA Purchase Owner Occupied SFR 1103661876 7.4675 1156.49 No NO 36.54 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.875 5.000 645 Stated Purchase Owner Occupied SFR 1103661889 7.0925 1095.63 No NO 43.42 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 12.500 5.000 669 SISA Purchase Owner Occupied PUD 1103661896 7.593 1,350.13 No NO 0.00 7/6 LIBOR LIBOR 6 6 20140301 20140401 83 5.000 3.000 1.000 5.000 13.000 5.000 703 Express Verified Assets Cash Out Refinance Investor 3-FAMILY 1103661906 7.343 1,397.00 No NO 43.42 5/6 LIBOR LIBOR 6 6 20120201 20120301 58 5.000 5.000 1.000 5.000 12.750 5.000 642 Stated Cash Out Refinance Investor 2-FAMILY 1103661920 7.3425 1537.08 No NO 51.84 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 12.750 5.000 696 Stated Purchase Investor SFR 1103661934 7.5925 1907.79 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120201 20120301 58 5.000 3.000 1.000 5.000 13.000 5.000 789 Express No Doc Purchase Investor SFR 1103661957 7.968 2,371.43 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.375 5.000 684 Express Verified Assets Cash Out Refinance Investor SFR 1103661973 6.343 2,137.50 No NO 35.81 5/6 LIBOR IO 120 LIBOR 6 6 20120101 20120201 57 5.000 3.000 1.000 5.000 11.750 5.000 784 Stated Cash Out Refinance Owner Occupied SFR 1103661977 7.9675 2707.92 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.375 5.000 639 Express No Doc Verified Assets Purchase Investor 4-FAMILY 1103661983 7.7175 2692.08 Yes 5YP 31.44 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.125 5.000 706 SISA Purchase Owner Occupied Condominium 1103662022 7.8425 4666.41 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 3.000 1.000 5.000 13.250 5.000 713 Express No Doc Purchase Owner Occupied Condominium 1103662031 7.843 6,050.00 No NO 33.61 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 5.000 5.000 1.000 5.000 13.250 5.000 655 SISA Cash Out Refinance Second Home PUD 1103662266 6.718 1,148.95 Yes 1YP 50.57 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 13.125 7.125 678 Full Cash Out Refinance Investor SFR 1103662474 5.583 2,084.02 Yes 3YP 39.47 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.990 3.000 802 Full Rate/Term Refinance Owner Occupied SFR 1103662651 5.468 2,966.87 Yes 3YP 34.30 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.875 3.000 738 Full Rate/Term Refinance Owner Occupied PUD 1103662695 8.092 772.76 Yes 3YP 30.75 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.500 3.000 649 SISA Cash Out Refinance Owner Occupied SFR 1103662792 8.092 1,703.54 No NO 44.31 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.500 3.000 643 Stated Cash Out Refinance Investor 2-FAMILY 1103662825 6.593 984.38 Yes 3YP 38.60 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.000 3.000 754 SISA Cash Out Refinance Owner Occupied SFR 1103663149 6.553 2,070.46 Yes 3YP 43.34 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 13.750 3.875 661 Stated Cash Out Refinance Owner Occupied SFR 1103663310 7.968 3,098.75 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.375 3.000 773 Express Non-Verified Assets Rate/Term Refinance Owner Occupied SFR 1103663444 8.3625 4361.82 Yes 1YP 48.00 2/6 LIBOR LIBOR 6 6 20090301 20090401 23 9.200 1.500 1.500 7.000 18.200 9.200 620 Stated Purchase Owner Occupied HI-RISE 1103663486 8.3425 3870.57 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.750 3.000 653 Express Non-Verified Assets Purchase Investor SFR 1103663552 6.093 1,637.19 Yes 2YP 0.00 2/6 LIBOR IO 120 LIBOR 6 6 20090401 20090501 24 2.875 3.000 1.000 6.000 12.500 2.875 668 Express Non-Verified Assets Cash Out Refinance Investor SFR 1103663555 6.718 2,826.25 Yes 2YP 0.00 2/6 LIBOR IO 120 LIBOR 6 6 20090401 20090501 24 2.875 3.000 1.000 6.000 13.125 2.875 666 Express No Doc Cash Out Refinance Owner Occupied SFR 1103663583 6.593 1,586.67 Yes 3YP 44.94 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.750 3.000 1.000 6.000 13.000 2.750 645 Stated Rate/Term Refinance Owner Occupied SFR 1103663739 7.3575 3926.17 No NO 45.85 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.750 3.000 1.000 6.000 14.625 3.750 692 Full Purchase Owner Occupied D-PUDS 1103663827 7.9675 3880.42 No NO 31.67 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.375 3.000 742 SISA Purchase Owner Occupied D-PUDS 1103663993 8.467 1,921.48 No NO 0.00 7/6 LIBOR LIBOR 6 6 20140501 20140601 85 3.000 3.000 1.000 6.000 14.875 3.000 731 Express Non-Verified Assets Cash Out Refinance Owner Occupied SFR 1103664208 7.3425 6590.99 Yes 3YP 0.00 7/6 LIBOR LIBOR 6 6 20140401 20140501 84 3.250 5.000 1.000 5.000 12.750 3.250 664 Express Verified Assets Purchase Owner Occupied SFR 1103664215 6.718 5,462.50 No NO 45.43 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.250 5.000 1.000 5.000 12.125 3.250 688 Stated Cash Out Refinance Owner Occupied SFR 1103664217 6.968 2,762.70 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.250 5.000 1.000 5.000 12.375 3.250 738 Express No Doc Cash Out Refinance Owner Occupied SFR 1103664235 6.7425 2052.66 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.500 4.000 698 Express Verified Assets Purchase Owner Occupied SFR 1103664238 6.2025 2251.76 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.170 4.000 670 Express Verified Assets Purchase Owner Occupied D-PUDS 1103664243 7.0925 1020.01 Yes 3YP 0.00 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100401 20100501 36 2.875 6.000 2.000 6.000 13.500 2.875 669 Express Verified Assets Purchase Owner Occupied PUD 1103664269 5.9675 944.14 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 12.375 2.875 681 Express Verified Assets Purchase Owner Occupied SFR 1103664273 7.5925 1996.43 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 2.875 6.000 2.000 6.000 14.000 2.875 687 Express Verified Assets Purchase Owner Occupied Condominium 1103664287 7.468 1,618.84 Yes 1YP 45.74 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.875 2.875 666 Stated Cash Out Refinance Owner Occupied PUD 1103664294 7.3825 3083.9 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.875 6.000 2.000 6.000 14.750 3.875 704 Express Verified Assets Purchase Owner Occupied SFR 1103664306 6.9075 1866.29 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.875 4.000 670 Express Verified Assets Purchase Owner Occupied SFR 1103664309 7.4675 1836.84 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.875 2.875 674 Express Verified Assets Purchase Owner Occupied Condominium 1103664315 7.1075 3421.88 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 15.125 4.000 661 Express Verified Assets Purchase Owner Occupied SFR 1103664408 6.8425 3861.83 Yes 1YP 36.41 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.250 2.875 763 Stated Purchase Owner Occupied PUD 1103664409 7.693 1,146.61 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 3.625 6.000 2.000 6.000 14.750 3.625 732 Express No Doc Cash Out Refinance Investor SFR 1103664410 7.2475 1048.65 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.625 4.000 696 Express Verified Assets Purchase Investor Condominium 1103664412 7.4025 1507.96 Yes 3YP 0.00 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100401 20100501 36 3.750 6.000 2.000 6.000 14.750 3.750 667 Express No Doc Purchase Investor Condominium 1103664414 7.4675 1171.44 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.875 2.875 665 Express Verified Assets Purchase Second Home Condominium 1103664415 6.593 2,982.87 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.000 2.875 663 Express Verified Assets Cash Out Refinance Owner Occupied PUD 1103664416 7.093 3,093.75 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.500 2.875 709 Express No Doc Cash Out Refinance Owner Occupied PUD 1103664418 7.093 842.33 Yes 1YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.500 2.875 704 Express No Doc Cash Out Refinance Owner Occupied Condominium 1103664420 6.8725 2227.78 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120301 20120401 59 3.625 6.000 2.000 6.000 14.000 3.625 706 Express Verified Assets Purchase Investor PUD 1103664425 7.0925 1421.43 Yes 1YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.500 2.875 727 Express No Doc Purchase Investor PUD 1103664426 6.903 1,255.04 Yes 3YP 49.60 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 3.625 6.000 2.000 6.000 14.000 3.625 670 Full Cash Out Refinance Owner Occupied PUD 1103664427 6.843 701.08 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.250 2.875 733 Express Verified Assets Cash Out Refinance Investor 2-FAMILY 1103664428 6.968 1,961.52 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.375 2.875 650 Express Verified Assets Cash Out Refinance Investor 3-FAMILY 1103664431 7.718 1,780.21 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 14.125 2.875 764 Express No Doc Rate/Term Refinance Investor SFR 1103664432 7.718 2,212.64 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 14.125 2.875 700 Express No Doc Cash Out Refinance Investor 2-FAMILY 1103664434 6.0125 1897.76 Yes 3YP 46.90 3/6 LIBOR LIBOR 6 6 20100401 20100501 36 4.000 6.000 2.000 6.000 14.500 4.000 634 Full Purchase Investor SFR 1103664435 7.8425 4400 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 14.250 2.875 664 Express No Doc Purchase Owner Occupied Condominium 1103664436 6.3475 1070.08 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 13.875 4.000 625 Express Verified Assets Purchase Owner Occupied Condominium 1103664437 7.843 1,051.77 Yes 3YP 0.00 3/6 LIBOR LIBOR 6 6 20100401 20100501 36 2.875 6.000 2.000 6.000 14.250 2.875 620 Express Verified Assets Rate/Term Refinance Investor SFR 1103664438 8.0925 3540.96 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 14.500 2.875 664 Express Verified Assets Purchase Investor SFR 1103664439 6.8425 560.74 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.250 2.875 671 Express Verified Assets Purchase Investor Condominium 1103664441 7.218 792.73 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.625 2.875 712 Express No Doc Cash Out Refinance Investor SFR 1103664442 7.218 792.73 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.625 2.875 712 Express No Doc Cash Out Refinance Investor SFR 1103664443 6.498 1,363.61 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.125 4.000 632 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103664444 7.3425 612.9 Yes 3YP 47.56 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.750 2.875 633 Stated Purchase Owner Occupied Condominium 1103664445 8.0925 2081.6 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 14.500 2.875 792 Express No Doc Purchase Investor Condominium 1103664446 7.2275 1019.24 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.625 4.000 666 Express Verified Assets Purchase Investor SFR 1103664447 6.5925 1973.48 Yes 3YP 0.00 7/6 LIBOR IO 120 LIBOR 6 6 20140401 20140501 84 2.875 6.000 2.000 6.000 13.000 2.875 651 Express Verified Assets Purchase Owner Occupied PUD 1103664448 6.473 870.46 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.250 6.000 2.000 6.000 13.250 3.250 762 Express No Doc Rate/Term Refinance Owner Occupied SFR 1103664449 7.0925 2000.54 Yes 1YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.500 2.875 693 Express No Doc Purchase Second Home PUD 1103664450 7.3475 2172.16 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.625 4.000 683 Express Verified Assets Purchase Investor 2-FAMILY 1103664451 6.843 2,533.10 Yes 1YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.250 2.875 700 Express No Doc Cash Out Refinance Owner Occupied SFR 1103664458 7.5925 990 Yes 1YP 0.00 7/6 LIBOR IO 120 LIBOR 6 6 20140501 20140601 85 2.875 6.000 2.000 6.000 14.000 2.875 738 Express No Doc Purchase Investor Condominium 1103664459 8.092 6,197.92 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 14.500 2.875 692 Express No Doc Cash Out Refinance Owner Occupied SFR 1103664462 7.298 1,637.44 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 14.875 4.000 636 Express Verified Assets Rate/Term Refinance Owner Occupied PUD 1103664463 7.0075 1429.44 Yes 3YP 49.11 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 15.125 4.000 649 Full Purchase Investor PUD 1103664464 7.7025 3681.76 No NO 0.00 5/6 LIBOR LIBOR 6 6 20120401 20120501 60 3.625 6.000 2.000 6.000 14.750 3.625 727 Express Verified Assets Purchase Investor 4-FAMILY 1103664466 6.9525 1408.49 Yes 1YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.250 6.000 2.000 6.000 13.750 3.250 658 Express Verified Assets Purchase Owner Occupied SFR 1103664467 6.5925 2964.52 Yes 3YP 28.54 3/6 LIBOR LIBOR 6 6 20100501 20100601 37 2.875 6.000 2.000 6.000 13.000 2.875 766 Stated Purchase Owner Occupied Condominium 1103664470 7.343 3,379.72 Yes 1YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.750 2.875 654 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103664473 7.8425 4088.56 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 14.250 2.875 644 Express Verified Assets Purchase Owner Occupied PUD 1103664477 6.573 2,283.59 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.750 6.000 2.000 6.000 13.750 3.750 697 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103664480 6.593 3,383.33 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.000 2.875 690 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103664481 7.218 460.07 Yes 1YP 0.00 3/6 LIBOR LIBOR 6 6 20100401 20100501 36 2.875 6.000 2.000 6.000 13.625 2.875 759 Express No Doc Cash Out Refinance Second Home PUD 1103664484 6.7225 1556.65 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 3.500 6.000 2.000 6.000 13.750 3.500 703 Express Verified Assets Purchase Owner Occupied PUD 1103664485 7.2675 1922.72 Yes 1YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 4.000 6.000 2.000 6.000 15.125 4.000 654 Express Verified Assets Purchase Owner Occupied PUD 1103664488 6.843 1,785.96 No NO 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.250 2.875 748 Express No Doc Cash Out Refinance Owner Occupied SFR 1103664490 6.843 972.30 Yes 3YP 0.00 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.250 2.875 654 Express Verified Assets Rate/Term Refinance Owner Occupied Condominium 1103664491 6.718 1,045.00 Yes 3YP 38.97 5/6 LIBOR IO 120 LIBOR 6 6 20120401 20120501 60 2.875 6.000 2.000 6.000 13.125 2.875 645 Stated Cash Out Refinance Owner Occupied SFR 1103664690 6.3325 1963.33 No NO 43.89 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 4.125 3.000 1.000 6.000 13.750 4.125 689 Stated Purchase Owner Occupied D-PUDS 1103664824 8.3275 2102.34 No NO 40.50 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 15.375 3.625 738 Stated Purchase Investor SFR 1103664858 6.7175 1691.9 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.750 3.000 1.000 6.000 13.125 7.125 720 Express Non-Verified Assets Purchase Owner Occupied D-PUDS 1103664892 8.467 1,479.17 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 2.875 6.000 2.000 6.000 14.875 2.875 643 Express Verified Assets Cash Out Refinance Investor 4-FAMILY 1103664893 8.467 1,479.17 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 2.875 6.000 2.000 6.000 14.875 2.875 643 Express Verified Assets Cash Out Refinance Investor 4-FAMILY 1103664897 7.323 3,032.75 Yes 3YP 0.00 3/6 LIBOR 40/30 BAL LIBOR 6 6 20100501 20100601 37 4.000 6.000 2.000 6.000 14.750 4.000 662 Express No Doc Cash Out Refinance Owner Occupied PUD 1103664903 7.358 2,054.42 No NO 40.79 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 4.000 6.000 2.000 6.000 15.375 4.000 620 Stated Cash Out Refinance Owner Occupied SFR 1103664904 8.217 920.00 Yes 3YP 0.00 3/6 LIBOR IO 120 LIBOR 6 6 20100501 20100601 37 2.875 6.000 2.000 6.000 14.625 2.875 632 Express Verified Assets Cash Out Refinance Investor Condominium 1103665020 8.4875 2110.78 Yes 3YP 48.37 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 15.875 3.875 700 Stated Purchase Owner Occupied Condominium 1103665119 6.0925 1625 Yes 3YP 42.12 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 6.000 1.000 5.000 11.500 2.500 743 Stated Purchase Owner Occupied SFR 1103665121 5.843 2,062.50 Yes 3YP 0.00 7/6 LIBOR IO 120 LIBOR 6 6 20140301 20140401 83 2.500 5.000 1.000 5.000 11.250 2.500 654 Express Verified Assets Cash Out Refinance Owner Occupied SFR 1103665138 6.5925 2487.33 Yes 6MP 29.18 5/6 LIBOR IO 120 LIBOR 6 6 20120301 20120401 59 2.500 5.000 1.000 5.000 12.000 2.500 657 Stated Purchase Owner Occupied SFR 1103665139 7.218 2,058.75 Yes 3YP 33.40 5/6 LIBOR IO 120 LIBOR 6 6 20120101 20120201 57 2.750 6.000 1.000 5.000 12.625 2.750 672 Stated Cash Out Refinance Owner Occupied SFR 1103665146 6.4675 2681.25 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120201 20120301 58 2.500 5.000 1.000 5.000 11.875 2.500 662 Express Verified Assets Purchase Owner Occupied SFR 1103665338 9.9675 1190.96 Yes 3YP 48.85 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 2.500 3.000 1.000 6.000 16.375 2.500 623 SISA Purchase Owner Occupied SFR 1103665406 8.8775 945.63 Yes 1YP 26.87 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 4.000 3.000 1.000 6.000 15.875 4.000 721 Stated Purchase Investor SFR 2503214663 6.343 2,508.75 No NO 53.28 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.750 3.000 629 Express Non-Verified Assets Cash Out Refinance Owner Occupied D-PUDS 2503214703 9.1475 925.54 Yes 3YP 41.01 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 16.225 3.625 708 Stated Purchase Investor SFR 2503215275 5.343 1,760.94 Yes 3YP 39.65 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.750 3.000 714 Stated Rate/Term Refinance Owner Occupied SFR 2503215904 8.5825 2349.01 Yes 3YP 27.01 5/6 LIBOR IO 120 LIBOR 6 6 20120601 20120701 62 3.000 3.000 1.000 6.000 14.990 3.000 640 Stated Purchase Second Home PUD 2503216874 6.093 1,191.67 No NO 43.19 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.500 3.000 795 Stated Rate/Term Refinance Owner Occupied Condominium 2503217430 5.093 1,567.50 Yes 3YP 33.01 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 11.500 3.000 795 Full Rate/Term Refinance Owner Occupied SFR 2503217555 5.843 885.42 Yes 1YP 13.66 5/6 LIBOR IO 60 LIBOR 6 6 20120401 20120501 60 3.000 3.000 1.000 6.000 12.250 3.000 730 Stated Cash Out Refinance Investor SFR 2503218745 5.7725 980.3 Yes 1YP 49.99 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.180 3.000 794 Stated Purchase Second Home Condominium 2503218746 6.153 1,012.43 Yes 3YP 49.30 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.560 3.000 668 Stated Rate/Term Refinance Owner Occupied D-PUDS 2503219035 5.843 583.33 Yes 3YP 50.41 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 5.740 11.990 3.000 627 Full Cash Out Refinance Owner Occupied SFR 2503219105 5.843 2,312.50 Yes 1YP 45.59 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.250 3.000 638 Full Rate/Term Refinance Owner Occupied SFR 2503219136 6.583 1,537.80 Yes 2YP 38.32 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.990 3.000 656 Stated Cash Out Refinance Owner Occupied SFR 2503219467 6.583 1,869.27 Yes 3YP 37.65 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.990 3.000 642 SISA Cash Out Refinance Owner Occupied D-PUDS 2503219561 5.968 1,482.19 Yes 3YP 13.04 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.375 3.000 681 Full Rate/Term Refinance Investor Condominium 2503219758 6.343 677.81 Yes 2YP 12.57 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.750 3.000 680 Stated Rate/Term Refinance Owner Occupied Condominium 2503219991 9.5925 1895 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120601 20120701 62 3.000 3.000 1.000 6.000 16.000 3.000 710 Express Verified Assets Purchase Second Home Condominium 2503219998 7.093 2,484.38 Yes 3YP 44.95 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 2.750 3.000 1.000 6.000 13.500 2.750 682 Stated Cash Out Refinance Investor SFR 2503220195 6.9675 3662.92 Yes 1YP 42.99 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.375 3.000 704 Stated Purchase Owner Occupied 3-FAMILY 2503220202 9.3725 904.7 No NO 49.08 5/6 LIBOR LIBOR 6 6 20120601 20120701 62 3.650 3.000 1.000 6.000 16.600 3.650 719 SISA Purchase Investor Condominium 2503220475 5.718 832.43 Yes 3YP 33.69 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.125 3.000 763 Full Rate/Term Refinance Owner Occupied Condominium 2503220490 5.843 978.99 Yes 1YP 8.53 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.250 3.000 667 Full Rate/Term Refinance Investor D-PUDS 2503220495 5.968 2,260.47 No NO 23.94 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.375 3.000 754 Express Verified Assets Rate/Term Refinance Investor SFR 2503220534 5.843 843.75 Yes 3YP 54.13 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.250 3.000 738 Stated Rate/Term Refinance Investor SFR 2503220545 5.968 901.27 Yes 3YP 54.13 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.375 3.000 738 Stated Rate/Term Refinance Investor Condominium 2503220773 8.313 3,924.00 Yes 1YP 49.92 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.720 3.000 700 Stated Cash Out Refinance Owner Occupied 3-FAMILY 2503220885 9.6525 1776.75 No NO 36.00 5/6 LIBOR IO 120 LIBOR 6 6 20120601 20120701 62 4.125 3.000 1.000 6.000 17.500 4.125 649 SISA Purchase Investor PUD 2503220903 6.443 1,957.96 No NO 44.79 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 12.850 3.875 671 SISA Rate/Term Refinance Owner Occupied SFR 2503221019 7.843 1,598.44 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.250 3.000 772 Express Verified Assets Rate/Term Refinance Second Home SFR 2503221022 5.703 2,140.37 No NO 40.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 12.750 3.875 702 Full Rate/Term Refinance Owner Occupied SFR 2503221039 5.843 2,114.58 Yes 1YP 45.20 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.250 3.000 660 SISA Rate/Term Refinance Investor 2-FAMILY 2503221100 6.092 3,367.49 Yes 3YP 43.48 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.500 3.000 1.000 6.000 12.890 3.500 766 Stated Rate/Term Refinance Owner Occupied SFR 2503221230 5.593 1,500.00 Yes 3YP 36.95 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.000 3.000 671 Stated Rate/Term Refinance Investor SFR 2503221374 6.583 932.00 Yes 3YP 37.08 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.990 3.000 676 Stated Cash Out Refinance Investor SFR 2503221398 7.583 2,150.64 Yes 3YP 36.60 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 13.990 3.625 754 SISA Cash Out Refinance Owner Occupied SFR 2503221439 6.943 1,612.19 Yes 1YP 17.42 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.350 3.000 660 Stated Cash Out Refinance Investor Condominium 2503221440 7.093 1,755.00 Yes 3YP 46.25 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.500 3.000 621 Stated Cash Out Refinance Owner Occupied SFR 2503221519 6.743 722.69 Yes 1YP 18.51 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.150 3.000 660 Stated Cash Out Refinance Investor SFR 2503221582 5.513 2,001.42 Yes 3YP 52.74 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.500 3.000 1.000 6.000 12.580 3.500 713 Full Rate/Term Refinance Owner Occupied SFR 2503221638 7.4425 793.53 Yes 3YP 36.07 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 13.850 3.875 679 Stated Purchase Owner Occupied SFR 2503221639 9.3025 2982.64 Yes 2YP 49.19 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 15.710 3.000 637 Stated Purchase Owner Occupied HI-RISE 2503221660 6.143 4,107.40 Yes 2YP 38.84 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.550 3.000 756 Full Rate/Term Refinance Investor HI-RISE 2503221734 5.363 3,251.07 Yes 3YP 34.19 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 12.590 3.875 705 Full Rate/Term Refinance Owner Occupied SFR 2503222011 7.093 3,300.00 No NO 30.80 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 2.250 3.000 1.000 6.000 13.500 2.250 732 Stated Cash Out Refinance Investor 4-FAMILY 2503222019 5.883 2,398.59 Yes 3YP 38.66 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 12.290 3.875 648 Full Rate/Term Refinance Owner Occupied SFR 2503222030 6.583 2,054.37 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.990 3.000 684 Express Non-Verified Assets Cash Out Refinance Second Home SFR 2503222113 7.013 2,003.40 Yes 1YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.420 3.000 629 Express Verified Assets Cash Out Refinance Owner Occupied SFR 2503222136 5.968 2,291.02 Yes 3YP 41.38 7/6 LIBOR IO 120 LIBOR 6 6 20140501 20140601 85 3.875 3.000 1.000 6.000 12.375 3.875 724 Stated Cash Out Refinance Owner Occupied SFR 2503222167 6.1925 2389.2 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.500 3.000 1.000 6.000 12.600 3.500 707 Express Verified Assets Purchase Owner Occupied SFR 2503222198 6.218 2,484.38 No NO 42.05 7/6 LIBOR IO 120 LIBOR 6 6 20140501 20140601 85 3.875 3.000 1.000 6.000 12.625 3.875 786 Stated Cash Out Refinance Owner Occupied 2-FAMILY 2503222214 6.643 1,997.50 Yes 1YP 48.83 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.050 3.000 620 Stated Cash Out Refinance Owner Occupied SFR 2503222225 8.4425 3245 Yes 2YP 44.93 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.850 3.000 701 Stated Purchase Owner Occupied SFR 2503222244 9.0475 2570.9 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.750 3.000 1.000 6.000 16.375 3.750 690 Express Non-Verified Assets Purchase Investor SFR 2503222247 6.093 2,517.46 Yes 3YP 39.13 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.500 3.000 670 Stated Cash Out Refinance Owner Occupied SFR 2503222346 7.343 1,326.17 Yes 1YP 47.92 5/6 LIBOR 40/30 BAL LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.750 3.000 648 Stated Cash Out Refinance Owner Occupied SFR 2503222413 8.4625 1089.63 Yes 3YP 40.00 7/6 LIBOR LIBOR 6 6 20140501 20140601 85 4.125 3.000 1.000 6.000 15.990 4.125 688 Stated Purchase Owner Occupied SFR 2503222431 6.043 720.25 Yes 1YP 47.60 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.450 3.000 698 Full Rate/Term Refinance Owner Occupied Condominium 2503222514 6.343 1,777.50 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.750 3.000 650 Express Verified Assets Cash Out Refinance Owner Occupied SFR 2503222544 6.7175 2850 Yes 3YP 43.50 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.125 3.000 751 Stated Purchase Owner Occupied 2-FAMILY 2503222561 7.953 3,044.95 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 4.000 3.000 1.000 6.000 15.050 4.000 683 Express Verified Assets Rate/Term Refinance Investor SFR 2503222626 8.873 3,334.70 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120601 20120701 62 3.625 3.000 1.000 6.000 16.150 3.625 724 Express Verified Assets Cash Out Refinance Owner Occupied SFR 2503222675 6.2025 2728.13 Yes 3YP 49.26 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 13.500 3.875 668 Stated Purchase Owner Occupied SFR 2503222708 7.583 1,731.17 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 13.990 3.875 665 Express Verified Assets Cash Out Refinance Owner Occupied SFR 2503222752 7.6175 2806.7 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120601 20120701 62 3.000 3.000 1.000 6.000 14.025 3.000 665 Express Non-Verified Assets Purchase Owner Occupied SFR 2503222764 7.843 3,217.50 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120601 20120701 62 3.000 3.000 1.000 6.000 14.250 3.000 701 Express Verified Assets Cash Out Refinance Investor 2-FAMILY 2503222786 6.093 3,358.33 Yes 3YP 33.85 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 12.500 3.875 777 Stated Rate/Term Refinance Owner Occupied 2-FAMILY 2503222813 6.293 2,596.25 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.700 3.000 678 Express Verified Assets Cash Out Refinance Owner Occupied SFR 2503222819 9.5125 1975.59 No NO 32.98 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.750 3.000 1.000 6.000 16.840 3.750 696 Stated Purchase Investor SFR 2503222841 6.7575 1571.36 Yes 3YP 31.88 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 4.125 3.000 1.000 6.000 14.375 4.125 690 Stated Purchase Owner Occupied Condominium 2503222932 5.718 571.67 Yes 1YP 29.02 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.125 3.000 741 Full Rate/Term Refinance Investor SFR 2503222949 5.843 1,187.50 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 12.250 3.875 678 Express Verified Assets Rate/Term Refinance Investor SFR 2503222982 9.6525 3807.2 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 4.000 3.000 1.000 6.000 16.750 4.000 727 Express Non-Verified Assets Purchase Investor D-PUDS 2503222996 9.6525 3738.59 Yes 3YP 0.00 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 4.000 3.000 1.000 6.000 16.750 4.000 732 Express Non-Verified Assets Purchase Investor SFR 2503223013 5.898 2,233.02 Yes 3YP 34.13 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.305 3.000 710 Stated Cash Out Refinance Investor SFR 2503223027 7.6325 1447.2 Yes 3YP 40.89 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 2.250 3.000 1.000 6.000 14.040 2.250 813 Stated Purchase Owner Occupied D-PUDS 2503223104 9.4525 970.05 Yes 1YP 44.79 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 16.800 3.875 666 Stated Purchase Investor SFR 2503223117 9.1925 2480.87 No NO 40.53 5/6 LIBOR LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 15.600 3.625 699 Full Purchase Owner Occupied 3-FAMILY 2503223127 7.193 1,225.75 Yes 2YP 43.98 5/6 LIBOR LIBOR 6 6 20120601 20120701 62 3.875 3.000 1.000 6.000 13.600 3.875 757 Stated Cash Out Refinance Owner Occupied SFR 2503223128 6.793 2,160.00 No NO 42.52 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.200 3.000 661 Stated Cash Out Refinance Owner Occupied SFR 2503223197 5.718 2,439.03 Yes 1YP 44.65 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.500 3.000 1.000 6.000 12.125 3.500 717 Full Rate/Term Refinance Owner Occupied D-PUDS 2503223270 6.218 2,164.17 Yes 3YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.625 3.000 705 Express Non-Verified Assets Rate/Term Refinance Owner Occupied SFR 2503223290 6.693 4,437.50 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.100 3.000 715 Express Verified Assets Cash Out Refinance Investor SFR 2503223402 6.702 1,454.10 Yes 3YP 39.47 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 4.000 3.000 1.000 6.000 14.450 4.000 643 Stated Cash Out Refinance Owner Occupied D-PUDS 2503223422 7.2225 3024.76 Yes 1YP 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120601 20120701 62 4.250 3.000 1.000 6.000 14.990 4.250 666 Express Non-Verified Assets Purchase Owner Occupied SFR 2503223427 6.403 3,696.00 Yes 1YP 49.92 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.875 3.000 1.000 6.000 13.700 3.875 668 Stated Rate/Term Refinance Owner Occupied SFR 2503223465 6.343 2,137.50 No NO 26.11 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.750 3.000 723 Stated Cash Out Refinance Owner Occupied SFR 2503223532 7.9325 2774.44 Yes 2YP 29.15 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 14.340 3.000 785 SISA Purchase Owner Occupied SFR 2503223553 6.118 1,914.00 Yes 3YP 49.98 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.525 3.000 705 Full Cash Out Refinance Owner Occupied D-PUDS 2503223558 7.7225 1549.48 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.500 3.000 1.000 6.000 14.750 3.500 718 Express Verified Assets Purchase Investor Condominium 2503223569 6.693 1,609.33 Yes 1YP 38.76 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 13.100 3.000 668 Stated Cash Out Refinance Owner Occupied SFR 2503223587 6.343 2,345.63 No NO 37.30 5/6 LIBOR IO 120 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.750 3.000 639 Stated Cash Out Refinance Owner Occupied SFR 2503223720 7.0925 3235 Yes 3YP 40.22 5/6 LIBOR IO 60 LIBOR 6 6 20120601 20120701 62 3.000 3.000 1.000 6.000 13.500 3.000 633 Express Verified Assets Purchase Investor 2-FAMILY 2503223847 7.153 2,597.66 No NO 0.00 5/6 LIBOR IO 120 LIBOR 6 6 20120601 20120701 62 3.875 3.000 1.000 6.000 14.750 3.875 736 Express Verified Assets Cash Out Refinance Owner Occupied SFR 2503223850 6.9725 1302.44 Yes 3YP 18.80 7/6 LIBOR LIBOR 6 6 20140601 20140701 86 4.125 3.000 1.000 6.000 14.570 4.125 653 Stated Purchase Investor SFR 2503223876 8.843 2,972.03 Yes 3YP 46.59 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.625 3.000 1.000 6.000 15.990 3.625 687 Stated Cash Out Refinance Investor SFR 2503223890 6.2175 2583.75 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120501 20120601 61 3.000 3.000 1.000 6.000 12.625 3.000 802 Express No Doc Purchase Owner Occupied Condominium 2503223894 8.8225 1532.42 Yes 1YP 0.00 5/6 LIBOR LIBOR 6 6 20120601 20120701 62 3.600 3.000 1.000 6.000 15.850 3.600 789 Express Non-Verified Assets Purchase Investor SFR 2503223973 7.4675 861.38 Yes 3YP 13.44 5/6 LIBOR LIBOR 6 6 20120601 20120701 62 3.650 3.000 1.000 6.000 13.875 3.650 710 Stated Purchase Investor Condominium 2503224073 9.153 2,190.94 No NO 26.03 5/6 LIBOR IO 120 LIBOR 6 6 20120601 20120701 62 3.500 3.000 1.000 6.000 16.250 3.500 721 Stated Cash Out Refinance Investor SFR 2503224074 8.8525 3708.73 Yes 3YP 30.43 5/6 LIBOR IO 120 LIBOR 6 6 20120601 20120701 62 4.000 3.000 1.000 6.000 16.500 4.000 676 Stated Purchase Investor HI-RISE 2503224208 5.933 3,187.50 Yes 3YP 48.04 5/6 LIBOR IO 120 LIBOR 6 6 20120601 20120701 62 4.500 3.000 1.000 6.000 13.500 4.500 688 Stated Rate/Term Refinance Owner Occupied SFR 2503224250 7.503 1,680.48 No NO 31.92 5/6 LIBOR LIBOR 6 6 20120601 20120701 62 4.200 3.000 1.000 6.000 15.100 4.200 650 SISA Cash Out Refinance Owner Occupied SFR 2503224264 6.933 2,691.67 Yes 3YP 36.19 5/6 LIBOR IO 120 LIBOR 6 6 20120601 20120701 62 4.050 3.000 1.000 6.000 14.500 4.050 687 Stated Cash Out Refinance Owner Occupied SFR 2503224346 6.618 1,848.93 Yes 3YP 32.71 5/6 LIBOR LIBOR 6 6 20120601 20120701 62 3.875 3.000 1.000 6.000 13.875 3.875 626 Stated Cash Out Refinance Owner Occupied SFR 2503224451 6.0825 2294.98 No NO 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120601 20120701 62 3.850 3.000 1.000 6.000 13.570 3.850 703 Express Verified Assets Purchase Owner Occupied SFR 2503224503 7.508 1,055.33 Yes 3YP 0.00 5/6 LIBOR IO 60 LIBOR 6 6 20120601 20120701 62 3.000 3.000 1.000 6.000 13.915 3.000 729 Express Non-Verified Assets Rate/Term Refinance Investor SFR 2503224705 8.5125 3137.88 Yes 1YP 0.00 5/6 LIBOR LIBOR 6 6 20120601 20120701 62 3.650 3.000 1.000 6.000 15.690 3.650 711 Express Non-Verified Assets Purchase Investor D-PUDS
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EXHIBIT I
SPONSOR REPRESENTATIONS AND WARRANTIES
Sponsor’s Representations Assigned by Company to Trustee
Representations and Warranties. Pursuant to the Mortgage Loan Purchase Agreement, the Sponsor has made certain representations and warranties to the Company and the Certificate Insurer. The Sponsor shall confirm such representations and warranties and shall deliver a Sponsor’s Warranty Certificate and an Officer’s Certificate on the Closing Date and the Subsequent Transfer Date (i) reaffirming such representations and warranties and (ii) specifically restating and reaffirming the following representations and warranties as of such date. The following representations are, pursuant to the Pooling and Servicing Agreement, assigned by the Company to the Trustee for the benefit of the Certificate holders and the Certificate Insurer, together with the related repurchase rights specified in the Mortgage Loan Purchase Agreement. Pursuant to the Mortgage Loan Purchase Agreement, the Sponsor’s Warranty Certificate and related Officer’s Certificate, the Sponsor affirms each such representation and warranty and agrees, consents to and acknowledges the assignment thereof to the Trustee. All capitalized terms herein shall have the meanings assigned in the Pooling and Servicing Agreement and the Sponsor’s Warranty Certificate, as applicable.
The Sponsor hereby represents and warrants to the Company, Certificate Insurer and Trustee, as to each Mortgage Loan, that as of the Closing Date, Subsequent Transfer Date or as of such other date specifically provided herein:
(i) as of the Cut-off date or the Subsequent Cut-off Date, the information set forth in the Mortgage Loan Schedule hereto is true and correct in all material respects;
(ii) as of the Cut-off date or the Subsequent Cut-off Date, the Mortgage Loans, individually and in the aggregate, conform in all material respects to the descriptions thereof in the Prospectus Supplement;
(iii) the terms of the Mortgage Note and the Mortgage have not been impaired, waived, altered or modified in any respect, except by written instruments, (i) if required by law in the jurisdiction where the Mortgaged Property is located, or (ii) to protect the interests of the Trustee on behalf of the Certificateholders;
(iv) the Mortgage File for each Mortgage Loan contains a true and complete copy of each of the documents contained in such Mortgage File, including all amendments, modifications and, if applicable, waivers and assumptions that have been executed in connection with such Mortgage Loan;
(v) immediately prior to the transfer to the Purchaser, the Seller was the sole owner of beneficial title and holder of each Mortgage and Mortgage Note relating to the Mortgage Loans and is conveying the same free and clear of any and all liens, claims, encumbrances, participation interests, equities, pledges, charges or security interests of any nature and the Seller has full right and authority to sell or assign the same pursuant to this Agreement;
(vi) each Mortgage is a valid and enforceable first lien on the property securing the related Mortgage Note and each Mortgaged Property is owned by the Mortgagor in fee simple (except with respect to common areas in the case of condominiums, PUDs and de minimis PUDs) or by leasehold for a term longer than the term of the related Mortgage by at least five years, subject only to (i) the lien of current real property taxes and assessments, (ii) covenants, conditions and restrictions, rights of way, easements and other matters of public record as of the date of recording of such Mortgage, such exceptions being acceptable to mortgage lending institutions generally or specifically reflected in the appraisal obtained in connection with the origination of the related Mortgage Loan or referred to in the lender’s title insurance policy delivered to the originator of the related Mortgage Loan and (iii) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the security intended to be provided by such Mortgage;
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(vii) as of the Cut-off date or the Subsequent Cut-off Date, no payment of principal of or interest on or in respect of any Mortgage Loan is 30 or more days Delinquent;
(viii) there is no mechanics’ lien or claim for work, labor or material affecting the premises subject to any Mortgage which is or may be a lien prior to, or equal with, the lien of such Mortgage except those which are insured against by the title insurance policy referred to in (xiii) below;
(ix) as of the Cut off Date or the Subsequent Cut-off Date, (i) no Mortgage Loan had been 30 days or more Delinquent more than once during the preceding 12 months, (ii) no Mortgage Loan had been Delinquent for 60 days or more during the preceding 12 months and (iii) to the Seller’s knowledge, there was no delinquent tax or assessment lien against the property subject to any Mortgage, except where such lien was being contested in good faith and a stay had been granted against levying on the property];
(x) there is no valid offset, defense or counterclaim to any Mortgage Note or Mortgage, including the obligation of the Mortgagor to pay the unpaid principal and interest on such Mortgage Note;
(xi) to the Seller’s knowledge, except to the extent insurance is in place which will over such damage, the physical property subject to any Mortgage is free of material damage and is in good repair and there is no proceeding pending or threatened for the total or partial condemnation of any Mortgaged Property;
(xii) each Mortgage Loan complies in all material respects with applicable local, state and federal laws, including, without limitation, usury, equal credit opportunity, real estate settlement procedures, the Federal Truth In Lending Act and disclosure laws, including, but not limited to, any applicable predatory lending laws. The consummation of the transactions contemplated hereby, including without limitation, the receipt of interest by the owner of such Mortgage Loan or the holders of Certificates secured thereby, will not involve the violation of any such laws. Each Mortgage Loan is being serviced in all material respects in accordance with applicable local, state and federal laws, including, without limitation, the Federal Truth In Lending Act and other consumer protection laws, real estate settlement procedures, usury, equal credit opportunity and disclosure laws;
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(xiii) a lender’s title insurance policy (on an ALTA or CLTA form) or binder, or other assurance of title customary in the relevant jurisdiction therefor in a form acceptable to Fannie Mae or Freddie Mac, was issued on the date that each Mortgage Loan was created by a title insurance company which, to the best of Seller’s knowledge, was qualified to do business in the jurisdiction where the related Mortgaged Property is located, insuring the Seller and its successors and assigns that the Mortgage is a first priority lien on the related Mortgaged Property in the original principal amount of the Mortgage Loan. Seller is the sole insured under such lender’s title insurance policy, and such policy, binder or assurance is valid and remains in full force and effect, and each such policy, binder or assurance shall contain all applicable endorsements including a negative amortization endorsement, if applicable. With respect to no more than 10% of the Mortgage Loans, a copy of the original title insurance policy is included in the mortgage file;
(xiv) in the event the Mortgage constitutes a deed of trust, either a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves and is named in the Mortgage or if no duly qualified trustee has been properly designated and so serves, the Mortgage contains satisfactory provisions for the appointment of such trustee by the holder of the Mortgage at no cost or expense to such holder, and no fees or expenses are or will become payable by Purchaser to the trustee under the deed of trust, except in connection with a trustee’s sale after default by the mortgagor;
(xv) at the time of origination, each Mortgaged Property was the subject of an appraisal which conforms to the Seller’s underwriting requirements, and a complete copy of such appraisal is contained in the Mortgage File;
(xvi) neither the Seller nor any servicer of the related Mortgage Loans has advanced funds or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required by the Mortgage, except for (i) interest accruing from the date of the related Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is later, to the date which precedes by 30 days the first Due Date under the related Mortgage Note, and (ii) customary advances for insurance and taxes;
(xvii) each Mortgage Note, the related Mortgage and other agreements executed in connection therewith are genuine, and each is the legal, valid and binding obligation of the maker thereof, enforceable in accordance with its terms except as such enforcement may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditor’s rights generally and by general equity principles (regardless of whether such enforcement is considered in a proceeding in equity or at law); and, to the best of Seller’s knowledge, all parties to each Mortgage Note and the Mortgage had legal capacity to execute the Mortgage Note and the Mortgage and each Mortgage Note and Mortgage has been duly and properly executed by the Mortgagor;
(xviii) to the extent required under applicable law, each conduit seller and subsequent mortgagee or servicer of the Mortgage Loans was authorized to transact and do business in the jurisdiction in which the related Mortgaged Property is located at all times when it held or serviced the Mortgage Loan; and any obligations of the holder of the related Mortgage Note, Mortgage and other loan documents have been complied with in all material respects; servicing of each Mortgage Loan has been in accordance with the servicing standard set forth in Section 3.01 of the Pooling and Servicing Agreement and the terms of the Mortgage Notes, the Mortgage and other loan documents, whether the creation of such Mortgage Loan and servicing was done by the Seller, its affiliates, or any third party which created the Mortgage Loan on behalf of, or sold the Mortgage Loan to, any of them, or any servicing agent of any of the foregoing;
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(xix) the related Mortgage Note and Mortgage contain customary and enforceable provisions such as to render the rights and remedies of the holder adequate for the realization against the Mortgaged Property of the benefits of the security, including realization by judicial, or, if applicable, non judicial foreclosure, and, to the Seller’s knowledge, there is no homestead or other exemption available to the Mortgagor which would interfere with such right to foreclosure;
(xx) except with respect to holdbacks required by certain Mortgage Loans which holdbacks create a fund for (i) the repair of Mortgaged Property due to damage from adverse weather conditions, or (ii) the completion of new construction, or both, the proceeds of the Mortgage Loans have been fully disbursed, 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; and all costs, fees and expenses incurred in making, closing or recording the Mortgage Loan have been paid, except recording fees with respect to Mortgages not recorded as of the Closing Date;
(xxi) as of the Closing Date or the Subsequent Transfer Date, the improvements on each Mortgaged Property securing a Mortgage Loan is insured (by an insurer which is acceptable to the Seller) against loss by fire and such hazards as are covered under a standard extended coverage endorsement in the locale in which the Mortgaged Property is located, in an amount which is not less than the lesser of the maximum insurable value of the improvements securing such Mortgage Loan or the outstanding principal balance of the Mortgage Loan, but in no event in an amount less than an amount that is required to prevent the Mortgagor from being deemed to be a co insurer thereunder; if the improvement on the Mortgaged Property is a condominium unit, it is included under the coverage afforded by a blanket policy for the condominium project; if upon origination of the related Mortgage Loan, the improvements on the Mortgaged Property were in an area identified as a federally designated flood area, a flood insurance policy is in effect in an amount representing coverage not less than the least of (i) the outstanding principal balance of the Mortgage Loan, (ii) the restorable cost of improvements located on such Mortgaged Property or (iii) the maximum coverage available under federal law; and each Mortgage obligates the Mortgagor thereunder to maintain the insurance referred to above at the Mortgagor’s cost and expense;
(xxii) there is no monetary default existing under any Mortgage or the related Mortgage Note and there is no material event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach or event of acceleration; and neither the Seller, any of its affiliates nor any servicer of any related Mortgage Loan has taken any action to waive any default, breach or event of acceleration; no foreclosure action is threatened or has been commenced with respect to the Mortgage Loan;
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(xxiii) to the Seller’s knowledge, no Mortgagor, at the time of origination of the applicable Mortgage, was a debtor in any state or federal bankruptcy or insolvency proceeding;
(xxiv) [Reserved];
(xxv) 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;
(xxvi) to the Seller’s knowledge, the Mortgaged Property and all improvements thereon comply with all requirements of any applicable zoning and subdivision laws and ordinances;
(xxvii) no instrument of release or waiver has been executed in connection with the Mortgage Loans, and no Mortgagor has been released, in whole or in part, except in connection with an assumption agreement which has been approved by the primary mortgage guaranty insurer, if any, and which has been delivered to the Trustee;
(xxviii) [Reserved];
(xxix) no Mortgage Loan was originated based on an appraisal of the related Mortgaged Property made prior to completion of construction of the improvements thereon unless a certificate of completion was obtained prior to closing of the Mortgage Loan;
(xxx) each of the Mortgaged Properties consists of a single parcel of real property with a detached single family residence erected thereon, or a two to four family dwelling, or an individual condominium unit in a condominium project or a townhouse, a condohotel, an individual unit in a PUD or an individual unit in a de minimis PUD;
(xxxi) no Mortgaged Property consists of a single parcel of real property with a cooperative housing development erected thereon. Any condominium unit, PUD or de minimis PUD conforms with Progressive Loan Series Program requirements regarding such dwellings or is covered by a waiver confirming that such condominium unit, PUD or de minimis PUD is acceptable to the Seller;
(xxxii) each Mortgage Loan constitutes a “qualified mortgage” under Section 860G(a)(3)(A) of the Code and Treasury Regulation Section 1.860G 2(a)(1);
(xxxiii) with respect to each Mortgage Loan directly originated by the Seller (and not through a third party broker or other third party) as of the Closing Date, to the best of Seller’s knowledge, there has been no fraud, misrepresentation or dishonesty with respect to the origination of any Mortgage Loan;
(xxxiv) no selection procedure reasonably believed by the Seller to be adverse to the interests of the Certificateholders or the Certificate Insurer was utilized in selecting the Mortgage Loans;
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(xxxv) no Mortgage Loan is subject to the Home Ownership and Equity Protection Act of 1994 or any comparable state law;
(xxxvi) no proceeds from any Mortgage Loan were used to finance single premium credit insurance policies;
(xxxvii) no Mortgage Loan provides for payment of a Prepayment Charge on Principal Prepayments made more than five years from the date of the first contractual Due Date of the related Mortgage Loan;
(xxxviii) none of the Mortgage Loans is a “high cost home loan” as defined in the Georgia Fair Lending Act, as amended (the “Georgia Act”), the New York Predatory Lending Law, codified as N.Y. Banking Law §6 I, N.Y. Gen. Bus. Law §771 a, and N.Y. Real Prop. Acts Law §1302 (together, the “New York Act”), the Arkansas Home Loan Protection Act, as amended (the “Arkansas Act”), or Kentucky Revised Statutes §360.100, as amended (the “Kentucky Act”); and all the Mortgage Loans that are subject to the Georgia Act, the New York Act, the Arkansas Act and the Kentucky Act comply with the requirements of each such act. Each Mortgage Loan for which the related Mortgaged Property is located in the State of Georgia was originated prior to October 1, 2002, or on or after March 7, 2003;
(xxxix) no mortgage loan in the trust is a “high cost home,” “covered” (excluding home loans defined as “covered home loans” in the New Jersey Home Ownership Security Act of 2002 that were originated between November 26, 2003 and July 7, 2004), “high risk home” or “predatory” loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees);
(xl) no subprime mortgage loan originated on or after October 1, 2002 underlying the Security will impose a prepayment premium for a term in excess of three years. Any loans originated prior to such date, and any non subprime loans, will not impose prepayment penalties in excess of five years;
(xli) the servicer for each mortgage loan underlying the Security has fully furnished and will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (i.e., favorable and unfavorable) on its borrower credit files to Equifax, Experian, and Trans Union Credit Information Company (three of the credit repositories), on a monthly basis;
(xlii) with respect to any mortgage loan originated on or after August 1, 2004 and underlying the Security, neither the related mortgage nor the related mortgage note requires the borrower to submit to arbitration to resolve any dispute arising out of or relating in any way to the mortgage loan transaction;
(xliii) no mortgage loan is a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the then current Standard & Poor’s LEVELS® Glossary which is now Version 5.7 Revised, Appendix E, attached as Exhibit 3 hereto) and no mortgage loan originated on or after October 1, 2002 through March 6, 2003 is secured by property located in the State of Georgia;
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(xliv) information provided to the rating agencies, including the loan level detail, is true and correct according to the rating agency requirements;
(xlv) the prepayment penalties included in the transaction are enforceable and were originated in compliance with all applicable federal, state and local laws;
(xlvi) the schedule of Prepayment Charges is true and correct;
(xlvii) the information set forth in the prepayment penalty schedule (including the prepayment penalty summary attached thereto) is complete, true and correct in all material respects on the date or dates when such information is furnished and each prepayment penalty is permissible and enforceable in accordance with its terms (except to the extent that the enforceability thereof may be limited by bankruptcy, insolvency, moratorium, receivership and other similar laws affecting creditor's rights generally or the collectability thereof may be limited due to acceleration in connection with a foreclosure) under applicable federal, state and local law; and
(xlix) the Servicer will not waive any part of any prepayment penalty unless the waiver relates to a default or a reasonably foreseeable default, the prepayment penalty would cause an undue hardship to the related borrower, the Mortgaged Property is sold by the Mortgagor, the collection of any prepayment penalty would violate any relevant law or regulation or the waiving of the prepayment penalty would otherwise benefit the Trust Fund and it is expected that the waiver would maximize recovery of total proceeds taking into account the value of the prepayment penalty and related Mortgage Loan and doing so is standard and customary in servicing similar Mortgage Loans (including any waiver of a prepayment penalty in connection with a refinancing of a Mortgage Loan that is related to a default or a reasonably foreseeable default). The Servicer will not waive a prepayment penalty in connection with a refinancing of a Mortgage Loan that is not related to a default or a reasonably foreseeable default.
I-7
EXHIBIT J
FORM FOR INFORMATION UNDER SECTION 3.24
April 30, 2007
Deutsche Bank National Trust Company
1761 East St. Andrew Place
Santa Ana, California 92705-4934
Re: | Impac Secured Assets Corp. |
Mortgage Pass-Through Certificates, Series 2007-3
Pursuant to Section 3.24 of the Pooling and Servicing Agreement, dated as of April 1, 2007 (the “Pooling and Servicing Agreement”), among Impac Funding Corporation, as master servicer, Impac Secured Assets Corp., as depositor (the “Depositor”), and Deutsche Bank National Trust Company, as trustee, relating to the Certificates referenced above, the undersigned does hereby notify you that:
(a) The prepayment assumption used in pricing the Certificates with respect to the Mortgage Loans in Series 2007-3 consisted of a Prepayment Assumption (the “Prepayment Assumption”) of ____% per annum.
(b) With respect to each Class of Certificates comprising the captioned series, set forth below is (i) the first price, as a percentage of the Certificate Principal Balance or Notional Amount of each Class of Certificates, at which 10% of the aggregate Certificate Principal Balance or Notional Amount of each such Class of Certificates was first sold at a single price, if applicable, or (ii) if more than 10% of a Class of Certificates have been sold but no single price is paid for at least 10% of the aggregate Certificate Principal Balance or Notional Amount of such Class of Certificates, then the weighted average price at which the Certificates of such Class were sold expressed as a percentage of the Certificate Principal Balance or Notional Amount of such Class of Certificates, or (iii) if less than 10% of the aggregate Certificate Principal Balance or Notional Amount of a Class of Certificates has been sold, the purchase price for each such Class of Certificates paid by [_____________] (the “Underwriter”), expressed as a percentage of the Certificate Principal Balance or Notional Amount of such Class of Certificates calculated by: (1) estimating the fair market value of each such Class of Certificates as of April 30, 2007; (2) adding such estimated fair market value to the aggregate purchase prices of each Class of Certificates described in clause (i) or (ii) above; (3) dividing each of the fair market values determined in clause (1) by the sum obtained in clause (2); (4) multiplying the quotient obtained for each Class of Certificates in clause (3) by the purchase price paid by the Underwriters for all the Certificates purchased by it; and (5) for each Class of Certificates, dividing the product obtained from such Class of Certificates in clause (4) by the initial Certificate Principal Balance or Notional Amount of such Class of Certificates or (iv) the fair market value (but not less than zero) as of the Closing Date of each Certificate of each Class of Certificates retained by the Company or an affiliate corporation, or delivered to the seller:
J-1
Series 2007-3
Class A1-A: | ____% |
Class A1-B: | ____% |
Class A1-C | ____% |
Class A-M: | ____% |
Class M-1: | ____% |
Class M-2: | ____% |
Class M-3: | ____% |
Class M-4: | ____% |
Class M-5: | ____% |
Class M-6: | ____% |
Class M-7: | ____% |
Class M-8: | ____% |
Class B: | ____% |
Class C: | ____% |
Class P: | ____% |
Class R: | ____% |
Capitalized terms not defined herein have the meanings assigned to them in the Pooling and Servicing Agreement.
J-2
EXHIBIT K
IMPAC SERVICING GUIDE
(Provided Upon Request)
K-1
EXHIBIT L-1
FORM 10-K CERTIFICATION
RE: | Impac Secured Assets Corp., |
Mortgage Pass-Through Certificates, Series 2007-3
I, [identify the certifying individual], certify that:
1. I have reviewed this report on Form 10-K and all reports on Form 10-D required to be filed in respect of the period covered by this report on Form 10-K of [identify the issuing entity] (the “Exchange Act periodic reports”);
2. Based on my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, all of the distribution, servicing and other information required to be provided under Form 10-D for the period covered by this report is included in the Exchange Act periodic reports;
4. [I am responsible for reviewing the activities performed by the servicer(s) and based on my knowledge and the compliance review(s) conducted in preparing the servicer compliance statement(s) required in this report under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act periodic reports, the servicer(s) [has/have] fulfilled [its/their] obligations under the servicing agreement(s); and] [Based on my knowledge and the servicer compliance statement(s) required in this report under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act periodic reports, the servicer(s) [has/have] fulfilled [its/their] obligations under the servicing agreement(s); and]
5. All of the reports on assessment of compliance with servicing criteria for asset-backed securities and their related attestation reports on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this report, except as otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been disclosed in this report on Form 10-K.
[In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties [name of servicer, sub-servicer, co-servicer, depositor or trustee].]
Date:
_______________________
[Signature]
[Title]
L-1-1
EXHIBIT L-2
FORM 10-K BACK-UP CERTIFICATION (MASTER SERVICER)
Re: | Impac Secured Assets Corp., |
Mortgage Pass-Through Certificates, Series 2007-3
I, [Identify the certifying individual], a [______________] of Impac Funding Corporation, as Master Servicer, hereby certify to Impac Secured Assets Corp. and its officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification, that:
1. Based on my knowledge, the distribution information required to be provided by the Trustee under the Agreement is included in these distribution reports.
Capitalized terms used but not defined herein have the meanings ascribed to them in the Pooling and Servicing Agreement, dated April 1, 2007 (the “Agreement”), among Impac Secured Assets Corp., as Depositor, Impac Funding Corporation, as Master Servicer and Deutsche Bank National Trust Company, as Trustee.
IMPAC FUNDING CORPORATION, as
Master Servicer
By:__________________________
Name:
Title:
Date:
L-2-1
EXHIBIT L-3
FORM 10-K BACK-UP CERTIFICATION (TRUSTEE)
Re: | Impac Secured Assets Corp., |
Mortgage Pass-Through Certificates, Series 2007-3
I, [Identify the certifying individual], a [_________________] of Deutsche Bank National Trust Company, as Trustee, hereby certify to Impac Secured Assets Corp. and its officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification, that:
1. I have reviewed the annual report on Form 10-K for the fiscal year [__], and all reports on Form 10-D containing distribution reports filed in respect of periods included in the year covered by that annual report, of the Issuer relating to the above-referenced trust;
2. Based on my knowledge, the information in these distribution reports prepared by the Trustee, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by that annual report; and
3. Based on my knowledge, the distribution information required to be provided by the Trustee under the Agreement is included in these distribution reports.
Capitalized terms used but not defined herein have the meanings ascribed to them in the Pooling and Servicing Agreement, dated April 1, 2007 (the “Agreement”), among Impac Secured Assets Corp., as Depositor, Impac Funding Corporation, as Master Servicer, and Deutsche Bank National Trust Company, as Trustee.
DEUTSCHE BANK NATIONAL TRUST COMPANY, as
Trustee
By:__________________________
Name:
Title:
Date:
L-3-1
EXHIBIT L-4
FORM OF BACK-UP CERTIFICATION TO FORM 10-K CERTIFICATE
Re: The [ ] agreement dated as of [ ], 200[ ] (the “Agreement”), among [IDENTIFY PARTIES]
I, ________________________________, the _______________________ of [NAME OF COMPANY], certify to [the Purchaser], [the Depositor], and the [Master Servicer] [Trustee], and their officers, with the knowledge and intent that they will rely upon this certification, that:
(1) I have reviewed the servicer compliance statement of the Company provided in accordance with Item 1123 of Regulation AB (the “Compliance Statement”), the report on assessment of the Company’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Item 1122 of Regulation AB (the “Servicing Assessment”), the registered public accounting firm’s attestation report provided in accordance with Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”), and all servicing reports, officer’s certificates and other information relating to the servicing of the Mortgage Loans by the Company during 200[ ] that were delivered by the Company to the [Depositor] [Master Servicer] [Trustee] pursuant to the Agreement (collectively, the “Company Servicing Information”);
(2) Based on my knowledge, the Company Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Company Servicing Information;
(3) Based on my knowledge, all of the Company Servicing Information required to be provided by the Company under the Agreement has been provided to the [Depositor] [Master Servicer] [Trustee];
(4) I am responsible for reviewing the activities performed by the Company as servicer under the Agreement, and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Company has fulfilled its obligations under the Agreement in all material respects; and
L-4-1
(5) The Compliance Statement required to be delivered by the Company pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Company and by any Subservicer or Subcontractor pursuant to the Agreement, have been provided to the [Depositor] [Master Servicer]. Any material instances of noncompliance described in such reports have been disclosed to the [Depositor] [Master Servicer]. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports.
Date: | _________________________ |
By:
Name: | ________________________________ |
Title: | ________________________________ |
L-4-2
EXHIBIT M
FORM OF INTEREST RATE SWAP AGREEMENT AND CAP CONTRACTS
M-1
![](https://capedge.com/proxy/8-KA/0001144204-07-028894/bearstearns_logo-horizsmall.jpg)
BEAR STEARNS FINANCIAL PRODUCTS INC.
383 MADISON AVENUE
NEW YORK, NEW YORK 10179
212-272-4009
DATE: | April 30, 2007 |
TO: | Deutsche Bank National Trust Company, not in its individual capacity, but solely as supplemental interest trust trustee (the “Supplemental Interest Trust Trustee”) on behalf of the supplemental interest trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3 (the “Supplemental Interest Trust”) |
ATTENTION: | Marion Hogan |
TELEPHONE: | 714-247-6282 |
FACSIMILE: | 714-247-6285 |
FROM: | Derivatives Documentation |
TELEPHONE: | 212-272-2711 |
FACSIMILE: | 212-272-9857 |
SUBJECT: | Fixed Income Derivatives Confirmation and Agreement |
REFERENCE NUMBER: | FXNEC9418 |
The purpose of this long-form confirmation (“Confirmation”) is to confirm the terms and conditions of the current Transaction entered into on the Trade Date specified below (the “Transaction”) between Bear Stearns Financial Products Inc. (“Party A”) and Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3 (“Party B”). Reference is hereby made to the Pooling and Servicing Agreement, dated as of April 1, 2007, among Impac Secured Assets Corp., as Depositor, Impac Funding Corporation, as master servicer, and Deutsche Bank National Trust Company, as trustee (the “Pooling and Servicing Agreement”). This Confirmation evidences a complete and binding agreement between you and us to enter into the Transaction on the terms set forth below and replaces any previous agreement between us with respect to the subject matter hereof. This Confirmation constitutes a “Confirmation” and also constitutes a “Schedule” as referred to in the ISDA Master Agreement, and Paragraph 13 of a Credit Support Annex to the Schedule.
1. | This Confirmation shall supplement, form a part of, and be subject to an agreement in the form of the ISDA Master Agreement (Multicurrency - Cross Border) as published and copyrighted in 1992 by the International Swaps and Derivatives Association, Inc. (the “ISDA Master Agreement”), as if Party A and Party B had executed an agreement in such form on the date hereof, with a Schedule as set forth in Item 3 of this Confirmation, and an ISDA Credit Support Annex (Bilateral Form - ISDA Agreements Subject to New York Law Only version) as published and copyrighted in 1994 by the International Swaps and Derivatives Association, Inc., with Paragraph 13 thereof as set forth in Annex A hereto (the “Credit Support Annex”). For the avoidance of doubt, the Transaction described herein shall be the sole Transaction governed by such ISDA Master Agreement. In the event of any inconsistency among any of the following documents, the relevant document first listed shall govern: (i) this Confirmation, exclusive of the provisions set forth in Item 3 hereof and Annex A hereto; (ii) the provisions set forth in Item 3 hereof, which are incorporated by reference into the Schedule; (iii) the Credit Support Annex; (iv) the Definitions; and (v) the ISDA Master Agreement. |
Each reference herein to a “Section” (unless specifically referencing the Pooling and Servicing Agreement) or to a “Section” “of this Agreement” will be construed as a reference to a Section of the ISDA Master Agreement; each herein reference to a “Part” will be construed as a reference to the provisions herein deemed incorporated in a Schedule to the ISDA Master Agreement; each reference herein to a “Paragraph” will be construed as a reference to a Paragraph of the Credit Support Annex.
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 2 of 24
2. The terms of the particular Transaction to which this Confirmation relates are as follows:
Type of Transaction: | Interest Rate Cap |
Notional Amount: | With respect to any Calculation Period, the amount set forth for such period on Schedule I attached hereto. |
Trade Date: | April 13, 2007 |
Effective Date: | April 25, 2012 |
Termination Date: | July 25, 2013, subject to adjustment in accordance with the Business Day Convention. |
Fixed Amount (Premium):
Fixed Rate Payer: | Counterparty |
Fixed Rate Payer
Payment Date: | April 30, 2007 |
Fixed Amount: | USD 129,000 |
Floating Amounts: |
Floating Rate Payer: | Party A |
Cap Rate: | 7.50000% |
Floating Rate Payer
Payment Dates: | The 25th calendar day of each month during the Term of this Transaction, commencing May 25, 2012, and ending on the Termination Date, subject to adjustment in accordance with the Business Day Convention. |
Floating Rate for initial
Calculation Period: | To be determined. |
Floating Rate Option: | USD-LIBOR-BBA, provided, however, that if the Floating Rate determined from such Floating Rate Option for any Calculation Period is greater than 11.50000% then the Floating Rate for such Calculation Period shall be deemed to be 11.50000%. |
Designated Maturity: | One month |
Floating Rate Day
Count Fraction: | Actual/360 |
Reset Dates: | The first day of each Calculation Period. |
Compounding: | Inapplicable |
Business Days: | New York |
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 3 of 24
Business Day
Convention: | Following |
Calculation Agent: | Party A |
3. | Provisions Deemed Incorporated in a Schedule to the ISDA Master Agreement: |
Part 1. | Termination Provisions. |
For the purposes of this Agreement:-
(a) | “Specified Entity” will not apply to Party A or Party B for any purpose. |
(b) | “Specified Transaction” will have the meaning specified in Section 14. |
(c) | Events of Default. |
The statement below that an Event of Default will apply to a specific party means that upon the occurrence of such an Event of Default with respect to such party, the other party shall have the rights of a Non-defaulting Party under Section 6 of this Agreement; conversely, the statement below that such event will not apply to a specific party means that the other party shall not have such rights.
(i) | The “Failure to Pay or Deliver” provisions of Section 5(a)(i) will apply to Party A and will apply to Party B; provided, however, that notwithstanding anything to the contrary in Section 5(a)(i) or in Paragraph 7, any failure by Party A to comply with or perform any obligation to be complied with or performed by Party A under the Credit Support Annex shall not constitute an Event of Default under Section 5(a)(i) unless (A) a Required Ratings Downgrade Event has occurred and been continuing for 30 or more Local Business Days and (B) such failure is not remedied on or before the third Local Business Day after notice of such failure is given to Party A. |
(ii) | The “Breach of Agreement” provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B. |
(iii) | The “Credit Support Default” provisions of Section 5(a)(iii) will apply to Party A and will not apply to Party B except that Section 5(a)(iii)(1) will apply to Party B solely in respect of Party B’s obligations under Paragraph 3(b); provided, however, that notwithstanding anything to the contrary in Section 5(a)(iii)(1), any failure by Party A to comply with or perform any obligation to be complied with or performed by Party A under the Credit Support Annex shall not constitute an Event of Default under Section 5(a)(iii) unless (A) a Required Ratings Downgrade Event has occurred and been continuing for 30 or more Local Business Days and (B) such failure is not remedied on or before the third Local Business Day after notice of such failure is given to Party A. |
(iv) | The “Misrepresentation” provisions of Section 5(a)(iv) will apply to Party A and will not apply to Party B. |
(v) | The “Default under Specified Transaction” provisions of Section 5(a)(v) will apply to Party A and will not apply to Party B. |
(vi) | The “Cross Default” provisions of Section 5(a)(vi) will apply to Party A and will not apply to Party B. For purposes of Section 5(a)(vi), solely with respect to Party A: |
“Specified Indebtedness” will have the meaning specified in Section 14.
“Threshold Amount” means USD 100,000,000.
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 4 of 24
(vii) | The “Bankruptcy” provisions of Section 5(a)(vii) will apply to Party A and will apply to Party B except that the provisions of Section 5(a)(vii)(2), (6) (to the extent that such provisions refer to any appointment contemplated or effected by the Pooling and Servicing Agreement or any appointment to which Party B has not become subject), (7) and (9) will not apply to Party B; provided that, with respect to Party B only, Section 5(a)(vii)(4) is hereby amended by adding after the words “against it” the words “(excluding any proceeding or petition instituted or presented by Party A or its Affiliates)”, and Section 5(a)(vii)(8) is hereby amended by deleting the words “to (7) inclusive” and inserting lieu thereof “, (3), (4) as amended, (5), (6) as amended, or (7)”. |
(viii) | The “Merger Without Assumption” provisions of Section 5(a)(viii) will apply to Party A and will apply to Party B. |
(d) | Termination Events. |
The statement below that a Termination Event will apply to a specific party means that upon the occurrence of such a Termination Event, if such specific party is the Affected Party with respect to a Tax Event, the Burdened Party with respect to a Tax Event Upon Merger (except as noted below) or the non-Affected Party with respect to a Credit Event Upon Merger, as the case may be, such specific party shall have the right to designate an Early Termination Date in accordance with Section 6 of this Agreement; conversely, the statement below that such an event will not apply to a specific party means that such party shall not have such right; provided, however, with respect to “Illegality” the statement that such event will apply to a specific party means that upon the occurrence of such a Termination Event with respect to such party, either party shall have the right to designate an Early Termination Date in accordance with Section 6 of this Agreement.
(i) | The “Illegality” provisions of Section 5(b)(i) will apply to Party A and will apply to Party B. |
(ii) | The “Tax Event” provisions of Section 5(b)(ii) will apply to Party A and will apply to Party B. |
(iii) | The “Tax Event Upon Merger” provisions of Section 5(b)(iii) will apply to Party A and will apply to Party B, provided that Party A shall not be entitled to designate an Early Termination Date by reason of a Tax Event upon Merger in respect of which it is the Affected Party. |
(iv) | The “Credit Event Upon Merger” provisions of Section 5(b)(iv) will not apply to Party A and will not apply to Party B. |
(e) | The “Automatic Early Termination” provision of Section 6(a) will not apply to Party A and will not apply to Party B. |
(f) | Payments on Early Termination. For the purpose of Section 6(e) of this Agreement: |
(i) | The Second Method will apply. |
(ii) | Market Quotation will apply, provided, however, that, if Party A is the Defaulting Party or the sole Affected Party, the following provisions will apply: |
(A) | Section 6(e) is hereby amended by inserting on the first line thereof the words “or is effectively designated” after “If an Early Termination Date occurs”; |
(B) | The definition of Market Quotation in Section 14 shall be deleted in its entirety and replaced with the following: |
“Market Quotation” means, with respect to one or more Terminated Transactions, and a party making the determination, an amount determined on the basis of one or more Firm Offers from Reference Market-makers that are Eligible Replacements. Each Firm Offer will be (1) for an amount that would be paid to Party B (expressed as a negative number) or by Party B (expressed as a positive number) in consideration of an agreement between Party B and such Reference Market-maker to enter into a Replacement Transaction, and (2) made on the basis that Unpaid Amounts in respect of the Terminated Transaction or group of Transactions are to be excluded but, without limitation, any payment or delivery that would, but for the relevant Early Termination Date, have been required (assuming satisfaction of each applicable condition precedent) after that Early Termination Date are to be included. The party making the determination (or its agent) will request each Reference Market-maker that is an Eligible Replacement to provide its Firm Offer to the extent reasonably practicable as of the same day and time (without regard to different time zones) on or as soon as reasonably practicable after the designation or occurrence of the relevant Early Termination Date. The day and time as of which those Firm Offers are to be provided (the “bid time”) will be selected in good faith by the party obliged to make a determination under Section 6(e), and, if each party is so obliged, after consultation with the other. If at least one Firm Offer from an Approved Replacement (which, if accepted, would determine the Market Quotation) is provided at the bid time, the Market Quotation will be the Firm Offer (among such Firm Offers as specified in clause (C) below) actually accepted by Party B no later than the Business Day immediately preceding the Early Termination Date. If no Firm Offer from an Approved Replacement (which, if accepted, would determine the Market Quotation) is provided at the bid time, it will be deemed that the Market Quotation in respect of such Terminated Transaction or group of Transactions cannot be determined.
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 5 of 24
(C) | If more than one Firm Offer from an Approved Replacement (which, if accepted, would determine the Market Quotation) is provided at the bid time, Party B shall accept the Firm Offer (among such Firm Offers) which would require either (x) the lowest payment by Party B to the Reference Market-maker, to the extent Party B would be required to make a payment to the Reference Market-maker or (y) the highest payment from the Reference Market-maker to Party B, to the extent the Reference Market-maker would be required to make a payment to Party B. If only one Firm Offer from an Approved Replacement (which, if accepted, would determine the Market Quotation) is provided at the bid time, Party B shall accept such Firm Offer. |
(D) | If Party B requests Party A in writing to obtain Market Quotations, Party A shall use its reasonable efforts to do so. |
(E) | If the Settlement Amount is a negative number, Section 6(e)(i)(3) shall be deleted in its entirety and replaced with the following: |
“(3) Second Method and Market Quotation. If the Second Method and Market Quotation apply, (I) Party B shall pay to Party A an amount equal to the absolute value of the Settlement Amount in respect of the Terminated Transactions, (II) Party B shall pay to Party A the Termination Currency Equivalent of the Unpaid Amounts owing to Party A and (III) Party A shall pay to Party B the Termination Currency Equivalent of the Unpaid Amounts owing to Party B; provided, however, that (x) the amounts payable under the immediately preceding clauses (II) and (III) shall be subject to netting in accordance with Section 2(c) of this Agreement and (y) notwithstanding any other provision of this Agreement, any amount payable by Party A under the immediately preceding clause (III) shall not be netted-off against any amount payable by Party B under the immediately preceding clause (I).”
(g) | “Termination Currency” means USD. |
(h) | Additional Termination Events. Additional Termination Events will apply as provided in Part 5(c). |
Part 2. Tax Matters.
(a) | Tax Representations. |
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 6 of 24
(i) | Payer Representations. For the purpose of Section 3(e) of this Agreement: |
(A) | Party A makes the following representation(s): |
It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under Section 2(e), 6(d)(ii) or 6(e) of this Agreement) to be made by it to the other party under this Agreement.
In making this representation, it may rely on:
(1) | the accuracy of any representations made by the other party pursuant to Section 3(f) of this Agreement; |
(2) | the satisfaction of the agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and the accuracy and effectiveness of any document provided by the other party pursuant to Section 4(a)(i) or 4(a)(iii) of this Agreement; and |
(3) | the satisfaction of the agreement of the other party contained in Section 4(d) of this Agreement, provided that it shall not be a breach of this representation where reliance is placed on clause (ii) and the other party does not deliver a form or document under Section 4(a)(iii) by reason of material prejudice to its legal or commercial position. |
(B) | Party B makes the following representation(s): |
None.
(ii) | Payee Representations. For the purpose of Section 3(f) of this Agreement: |
(A) | Party A makes the following representation(s): |
Party A is a corporation organized under the laws of the State of Delaware and its U.S. taxpayer identification number is 13-3866307.
(B) | Party B makes the following representation(s): |
None.
(b) | Tax Provisions. |
(i) | Gross Up. Section 2(d)(i)(4) shall not apply to Party B as X, such that Party B shall not be required to pay any additional amounts referred to therein. |
(ii) | Indemnifiable Tax. Notwithstanding the definition of “Indemnifiable Tax” in Section 14 of this Agreement, all Taxes in relation to payments by Party A shall be Indemnifiable Taxes (including any Tax imposed in relation to a Credit Support Document or in relation to any payment thereunder) unless (i) such Taxes are assessed directly against Party B and not by deduction or withholding by Party A or (ii) arise as a result of a Change in Tax Law (in which case such Tax shall be an Indemnifiable Tax only if such Tax satisfies the definition of Indemnifiable Tax provided in Section 14). In relation to payments by Party B, no Tax shall be an Indemnifiable Tax. |
Part 3. Agreement to Deliver Documents.
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 7 of 24
(a) | For the purpose of Section 4(a)(i), tax forms, documents, or certificates to be delivered are: |
Party required to deliver document | Form/Document/ Certificate | Date by which to be delivered | ||
Party A | An original completed and executed United States Internal Revenue Service Form W-9 (or any successor thereto) with respect to any payments received or to be received by Party A that eliminates U.S. federal withholding and backup withholding Tax on payments to Party A under this Agreement. | (i) upon execution of this Agreement, (ii) on or before the first payment date under this Agreement, including any Credit Support Document, (iii) promptly upon the reasonable demand by Party B, (iv) prior to the expiration or obsolescence of any previously delivered form, and (v) promptly upon the information on any such previously delivered form becoming inaccurate or incorrect. | ||
Party B | (i) Upon execution of this Agreement, an original completed and executed United States Internal Revenue Service Form W-9 (or any successor thereto) with respect to any payments received or to be received by the initial beneficial owner of payments to Party B under this Agreement, and (ii) thereafter, the appropriate tax certification form (i.e., IRS Form W-9 or IRS Form W-8BEN, W-8IMY, W-8EXP or W-8ECI, as applicable (or any successor form thereto)) with respect to any payments received or to be received by the beneficial owner of payments to Party B under this Agreement from time to time. | (i) upon execution of this Agreement, (ii) on or before the first payment date under this Agreement, including any Credit Support Document, (iii) in the case of a tax certification form other than a Form W-9, before December 31 of each third succeeding calendar year, (iv) promptly upon the reasonable demand by Party B, (v) prior to the expiration or obsolescence of any previously delivered form, and (vi) promptly upon the information on any such previously delivered form becoming inaccurate or incorrect. |
(b) For the purpose of Section 4(a)(ii), other documents to be delivered are:
Party required to deliver document | Form/Document/ Certificate | Date by which to be delivered | Covered by Section 3(d) Representation | |||
Party A and Party B | Any documents required by the receiving party to evidence the authority of the delivering party or its Credit Support Provider, if any, for it to execute and deliver the Agreement, this Confirmation, and any Credit Support Documents to which it is a party, and to evidence the authority of the delivering party or its Credit Support Provider to perform its obligations under the Agreement, this Confirmation and any Credit Support Document, as the case may be | Upon the execution and delivery of this Agreement | Yes | |||
Party A and Party B | A certificate of an authorized officer of the party, as to the incumbency and authority of the respective officers of the party signing the Agreement, this Confirmation, and any relevant Credit Support Document, as the case may be | Upon the execution and delivery of this Agreement | Yes |
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 8 of 24
Party required to deliver document | Form/Document/ Certificate | Date by which to be delivered | Covered by Section 3(d) Representation | |||
Party A | Annual Report of Party A containing consolidated financial statements certified by independent certified public accountants and prepared in accordance with generally accepted accounting principles in the country in which Party A is organized | Upon request by Party B | Yes | |||
Party A | Quarterly Financial Statements of Party A containing unaudited, consolidated financial statements of Party A’s fiscal quarter prepared in accordance with generally accepted accounting principles in the country in which Party A is organized | Upon request by Party B | Yes | |||
Party A and Party B | An opinion of counsel of such party regarding the enforceability of this Agreement in a form reasonably satisfactory to the other party. | Upon the execution and delivery of this Agreement | No | |||
Party B | An executed copy of the Pooling and Servicing Agreement | Promptly upon filing of such agreement with the U.S. Securities and Exchange Commission | No |
Part 4. Miscellaneous.
(a) | Address for Notices: For the purposes of Section 12(a) of this Agreement: |
Address for notices or communications to Party A:
Address: | 383 Madison Avenue, New York, New York 10179 |
Attention: | DPC Manager |
Facsimile: | (212) 272-5823 |
with a copy to:
Address: | One Metrotech Center North, Brooklyn, New York 11201 |
Attention: | Derivative Operations 7th Floor |
Facsimile: | (212) 272-1634 |
Address: | Ambac Assurance Corporation |
One State Street Plaza |
New York, New York 10004 |
Attention: | Risk Management, Asset-Backed Securities |
Facsmile: | (212) 480-3682 |
(For all purposes)
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 9 of 24
Address for notices or communications to Party B:
Address: | IMPAC Secured Assets Corp. 2007-3 |
c/o Deutsche Bank National Trust Company |
1761 East St. Andrew Place |
Santa Ana, CA 92705 |
Attention: | Marion Hogan |
Facsimile: | (714) 247-6285 |
Phone: | (714) 247-6282 |
with a copy to:
Address: | Ambac Assurance Corporation |
One State Street Plaza |
New York, New York 10004 |
Attention: | Risk Management, Asset-Backed Securities |
Facsmile: | (212) 480-3682 |
(For all purposes)
(b) | Process Agent. For the purpose of Section 13(c): |
Party A appoints as its Process Agent: Not applicable.
Party B appoints as its Process Agent: Not applicable.
(c) | Offices. The provisions of Section 10(a) will apply to this Agreement; neither Party A nor Party B has any Offices other than as set forth in the Notices Section. |
(d) | Multibranch Party. For the purpose of Section 10(c) of this Agreement: |
Party A is not a Multibranch Party.
Party B is not a Multibranch Party. |
(e) | Calculation Agent. The Calculation Agent is Party A. |
(f) | Credit Support Document. |
Party A: | The Credit Support Annex, and any guarantee in support of Party A’s obligations under this Agreement. |
Party B: | The Credit Support Annex. |
(g) | Credit Support Provider. |
Party A: | The guarantor under any guarantee in support of Party A’s obligations under this Agreement. |
Party B: | None. |
(h) | Governing Law. The parties to this Agreement hereby agree that the law of the State of New York shall govern their rights and duties in whole, without regard to the conflict of law provisions thereof other than New York General Obligations Law Sections 5-1401 and 5-1402. |
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 10 of 24
(i) | Netting of Payments. The parties agree that subparagraph (ii) of Section 2(c) will apply to each Transaction hereunder. |
(j) | Affiliate. Party A and Party B shall be deemed to have no Affiliates for purposes of this Agreement, including for purposes of Section 6(b)(ii). |
Part 5. Others Provisions.
(a) | Definitions. Unless otherwise specified in a Confirmation, this Agreement and each Transaction under this Agreement are subject to the 2000 ISDA Definitions as published and copyrighted in 2000 by the International Swaps and Derivatives Association, Inc. (the “Definitions”), and will be governed in all relevant respects by the provisions set forth in the Definitions, without regard to any amendment to the Definitions subsequent to the date hereof. The provisions of the Definitions are hereby incorporated by reference in and shall be deemed a part of this Agreement, except that (i) references in the Definitions to a “Swap Transaction” shall be deemed references to a “Transaction” for purposes of this Agreement, and (ii) references to a “Transaction” in this Agreement shall be deemed references to a “Swap Transaction” for purposes of the Definitions. Each term capitalized but not defined in this Agreement shall have the meaning assigned thereto in the Pooling and Servicing Agreement. |
(b) | Amendments to ISDA Master Agreement. |
(i) | Single Agreement. Section 1(c) is hereby amended by the adding the words “including, for the avoidance of doubt, the Credit Support Annex” after the words “Master Agreement”. |
(ii) | [Reserved.] |
(iii) | [Reserved.] |
(iv) | Representations. Section 3 is hereby amended by adding at the end thereof the following subsection (g): |
“(g) | Relationship Between Parties. |
(1) | Nonreliance. (i) It is not relying on any statement or representation of the other party regarding the Transaction (whether written or oral), other than the representations expressly made in this Agreement or the Confirmation in respect of that Transaction, (ii) it has consulted with its own legal, regulatory, tax, business, investment, financial and accounting advisors to the extent it has deemed necessary, and it has made its own investment, hedging and trading decisions based upon its own judgment and upon any advice from such advisors as it has deemed necessary and not upon any view expressed by the other party, (iii) it is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into this Transaction; it being understood that information and explanations related to the terms and conditions of this Transaction shall not be considered investment advice or a recommendation to enter into this Transaction, and (iv) it has not received from the other party any assurance or guaranty as to the expected results of this Transaction. |
(2) | Evaluation and Understanding. (i) It has the capacity to evaluate (internally or through independent professional advice) the Transaction and has made its own decision to enter into the Transaction and (ii) it understands the terms, conditions and risks of the Transaction and is willing and able to accept those terms and conditions and to assume those risks, financially and otherwise. |
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 11 of 24
(3) | Purpose. It is entering into the Transaction for the purposes of managing its borrowings or investments, hedging its underlying assets or liabilities or in connection with a line of business. |
(4) | Status of Parties. The other party is not acting as an agent, fiduciary or advisor for it in respect of the Transaction. |
(5) | Eligible Contract Participant. It is an “eligible swap participant” as such term is defined in, Section 35.1(b)(2) of the regulations (17 C.F.R. 35) promulgated under, and an “eligible contract participant” as defined in Section 1(a)(12) of the Commodity Exchange Act, as amended.” |
(v) | Transfer to Avoid Termination Event. Section 6(b)(ii) is hereby amended by (i) deleting the words “or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party,” and (ii) deleting the last paragraph thereof and inserting the following in lieu thereof: |
“Notwithstanding anything to the contrary in Section 7 (as amended herein) and Part 5(f), any transfer by Party A under this Section 6(b)(ii) shall not require the consent of Party B for such transfer if the following conditions are satisfied:
(1) | the transferee (the “Section 6 Transferee”) is an Eligible Replacement; |
(2) | if the Section 6 Transferee is domiciled in a different country or political subdivision thereof from both Party A and Party B, such transfer satisfies the Rating Agency Condition; |
(3) | the Section 6 Transferee will not, as a result of such transfer, be required on the next succeeding Scheduled Payment Date to withhold or deduct on account of any Tax (except in respect of default interest) amounts in excess of that which Party A would, on the next succeeding Scheduled Payment Date have been required to so withhold or deduct unless the Section 6 Transferee would be required to make additional payments pursuant to Section 2(d)(i)(4) corresponding to such excess; |
(4) | a Termination Event or Event of Default does not occur as a result of such transfer; and |
(5) | the Section 6 Transferee confirms in writing that it will accept all of the interests and obligations in and under this Agreement which are to be transferred to it in accordance with the terms of this provision.” |
(vi) | Jurisdiction. Section 13(b) is hereby amended by: (i) deleting in the second line of subparagraph (i) thereof the word "non-", (ii) deleting “; and” from the end of subparagraph 1 and inserting “.” in lieu thereof, and (iii) deleting the final paragraph thereof. |
(vii) | Local Business Day. The definition of Local Business Day in Section 14 is hereby amended by the addition of the words “or any Credit Support Document” after “Section 2(a)(i)” and the addition of the words “or Credit Support Document” after “Confirmation”. |
(c) | Additional Termination Events. The following Additional Termination Events will apply: |
(i) | S&P First Level Downgrade. If an S&P Approved Ratings Downgrade Event has occurred and is continuing and Party A fails to take any action described under Part (5)(d)(i)(1), within the time period specified therein, then an Additional Termination Event shall have occurred with respect to Party A, Party A shall be the sole Affected Party with respect to such Additional Termination Event and all Transactions hereunder shall be Affected Transaction. |
(ii) | Moody’s First Rating Trigger Collateral. If (A) it is not the case that a Moody’s Second Trigger Ratings Event has occurred and been continuing for 30 or more Local Business Days and (B) Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Annex, then an Additional Termination Event shall have occurred with respect to Party A, Party A shall be the sole Affected Party with respect to such Additional Termination Event and all Transactions hereunder shall be Affected Transactions. |
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 12 of 24
(iii) | S&P Second Level Downgrade. If an S&P Required Ratings Downgrade Event has occurred and is continuing and Party A fails to take any action described under Part (5)(d)(i)(2) within the time period specified therein, then an Additional Termination Event shall have occurred with respect to Party A, Party A shall be the sole Affected Party with respect to such Additional Termination Event and all Transactions hereunder shall be Affected Transaction. |
(iv) | Moody’s Second Rating Trigger Replacement. If (A) a Moody’s Second Trigger Ratings Event has occurred and been continuing for 30 or more Local Business Days and (B) (i) at least one Eligible Replacement has made a Firm Offer to be the transferee of all of Party A’s rights and obligations under this Agreement (and such Firm Offer remains an offer that will become legally binding upon such Eligible Replacement upon acceptance by the offeree) and/or (ii) an Eligible Guarantor has made a Firm Offer to provide an Eligible Guarantee (and such Firm Offer remains an offer that will become legally binding upon such Eligible Guarantor immediately upon acceptance by the offeree), then an Additional Termination Event shall have occurred with respect to Party A, Party A shall be the sole Affected Party with respect to such Additional Termination Event and all Transactions hereunder shall be Affected Transactions. |
(v) | Amendment of the Pooling and Servicing Agreement. If, without the prior written consent of Party A, where such consent is required under the Pooling and Servicing Agreement (such consent not to be unreasonably withheld, conditioned or delayed), an amendment or modification is made to the Pooling and Servicing Agreement which amendment or modification could reasonably be expected to have a material adverse effect on the rights and interests of Party A under the Credit Support Annex, an Additional Termination Event shall have occurred with respect to Party B, Party B shall be the sole Affected Party and all Transactions hereunder shall be Affected Transactions.. |
(d) | Rating Agency Downgrade. |
(i) | S&P Downgrade: |
(1) | In the event that an S&P Approved Ratings Downgrade Event occurs and is continuing, then within 30 days after such rating downgrade, Party A shall, subject to the Rating Agency Condition with respect to S&P, at its own expense, either (i) procure a Permitted Transfer, (ii) obtain an Eligible Guarantee or (iii) post collateral in accordance with the Credit Support Annex. |
(2) | In the event that an S&P Required Ratings Downgrade Event occurs and is continuing, then within 10 Local Business Days after such rating withdrawal or downgrade, Party A shall, subject to the Rating Agency Condition with respect to S&P, at its own expense, procure either (i) a Permitted Transfer or (ii) an Eligible Guarantee. |
(ii) | Moody’s Downgrade. |
(1) | In the event that a Moody’s Second Trigger Ratings Event occurs and is continuing, Party A shall, as soon as reasonably practicable thereafter, at its own expense and using commercially reasonable efforts, either (i) procure a Permitted Transfer or (ii) obtain an Eligible Guarantee. |
(e) | Item 1115 Agreement. Party A and Party B hereby agree that the terms of the Item 1115 Agreement, dated as of February 22, 2007 (the “Item 1115 Agreement”) among Impac Funding Corporation (the “Sponsor”), Impac Secured Assets Corp., (the “Depositor”), and Party A (the “Derivative Provider”) shall be incorporated by reference into this Agreement and Party B shall be an express third party beneficiary of the Item 1115 Agreement. A copy of the Item 1115 Agreement is annexed hereto at Annex B. |
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 13 of 24
(f) | Transfers. |
(i) Section 7 is hereby amended to read in its entirety as follows:
“Except with respect to a Permitted Transfer pursuant to Section 6(b)(ii), Part 5(d), Part 5(b)(v) or the succeeding sentence, neither Party A nor Party B is permitted to assign, novate or transfer (whether by way of security or otherwise) as a whole or in part any of its rights, obligations or interests under the Agreement or any Transaction unless (a) the prior written consent of the other party is obtained and (b) the Rating Agency Condition has been satisfied with respect to S&P. At any time at which no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold, Party A may make a Permitted Transfer.”
(ii) | If an Eligible Replacement has made a Firm Offer (which remains an offer that will become legally binding upon acceptance by Party B) to be the transferee pursuant to a Permitted Transfer, Party B shall, at Party A’s written request and at Party A’s expense, execute such documentation provided to it as is reasonably deemed necessary by Party A to effect such transfer. |
(g) | Non-Recourse. Party A acknowledges and agree that, notwithstanding any provision in this Agreement to the contrary, the obligations of Party B hereunder are limited recourse obligations of Party B, payable solely from theSupplemental Interest Trust and the proceeds thereof, in accordance with the priority of payments and other terms of the Pooling and Servicing Agreement and that Party A will not have any recourse to any of the directors, officers, agents, employees, shareholders or affiliates of Party B with respect to any claims, losses, damages, liabilities, indemnities or other obligations in connection with any transactions contemplated hereby. In the event that the Supplemental Interest Trust and the proceeds thereof, should be insufficient to satisfy all claims outstanding and following the realization of the Supplemental Interest Trust and the proceeds thereof, any claims against or obligations of Party B under this Agreement or any other confirmation thereunder still outstanding shall be extinguished and thereafter not revive. The Supplemental Interest Trust Trustee shall not have liability for any failure or delay in making a payment hereunder to Party A due to any failure or delay in receiving amounts in the Supplemental Interest Trust from the Trust created pursuant to the Pooling and Servicing Agreement. This provision will survive the termination of this Agreement. |
(h) | Timing of Payments by Party B upon Early Termination. Notwithstanding anything to the contrary in Section 6(d)(ii), to the extent that all or a portion (in either case, the “Unfunded Amount”) of any amount that is calculated as being due in respect of any Early Termination Date under Section 6(e) from Party B to Party A will be paid by Party B from amounts other than any upfront payment paid to Party B by an Eligible Replacement that has entered a Replacement Transaction with Party B, then such Unfunded Amount shall be due on the next subsequent Distribution Date following the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii), and on any subsequent Distribution Dates until paid in full (or if such Early Termination Date is the final Distribution Date, on such final Distribution Date); provided, however, that if the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii) is a Distribution Date, such payment will be payable on such Distribution Date. |
(i) | Rating Agency Notifications. Notwithstanding any other provision of this Agreement, no Early Termination Date shall be effectively designated hereunder by Party B and no transfer of any rights or obligations under this Agreement shall be made by either party unless each Swap Rating Agency has been given prior written notice of such designation or transfer. |
(j) | No Set-off. Except as expressly provided for in Section 2(c), Section 6 or Part 1(f)(i)(D) hereof, and notwithstanding any other provision of this Agreement or any other existing or future agreement, each party irrevocably waives any and all rights it may have to set off, net, recoup or otherwise withhold or suspend or condition payment or performance of any obligation between it and the other party hereunder against any obligation between it and the other party under any other agreements. Section 6(e) shall be amended by deleting the following sentence: “The amount, if any, payable in respect of an Early Termination Date and determined pursuant to this Section will be subject to any Set-off.”. |
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 14 of 24
(k) | Amendment. Notwithstanding any provision to the contrary in this Agreement, no amendment of either this Agreement or any Transaction under this Agreement shall be permitted by either party unless each of the Swap Rating Agencies has been provided prior written notice of the same and such amendment satisfies the Rating Agency Condition with respect to S&P. |
(l) | Notice of Certain Events or Circumstances. Each Party agrees, upon learning of the occurrence or existence of any event or condition that constitutes (or that with the giving of notice or passage of time or both would constitute) an Event of Default or Termination Event with respect to such party, promptly to give the other Party and to each Swap Rating Agency notice of such event or condition; provided that failure to provide notice of such event or condition pursuant to this Part 5(l) shall not constitute an Event of Default or a Termination Event. |
(m) Proceedings. No Relevant Entity shall institute against, or cause any other person to institute against, or join any other person in instituting against Party B, the Supplemental Interest Trust, or the trust formed pursuant to the Pooling and Servicing Agreement, in any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any federal or state bankruptcy or similar law for a period of one year (or, if longer, the applicable preference period) and one day following payment in full of the Certificates and any Notes. This provision will survive the termination of this Agreement.
(n) | Supplemental Interest Trust Trustee Liability Limitations. It is expressly understood and agreed by the parties hereto that (a) this Agreement is executed and delivered by Deutsche Bank National Trust Company (“Deutsche”) not in its individual capacity, but solely as Supplemental Interest Trust Trustee under the Pooling and Servicing Agreement in the exercise of the powers and authority conferred and invested in it thereunder; (b) Deutsche has been directed pursuant to the Pooling and Servicing Agreement to enter into this Agreement and to perform its obligations hereunder; (c) each of the representations, warranties, covenants, undertakings and agreements herein made on behalf of the Supplemental Interest Trust is made and intended not as personal representations, undertakings and agreements by Deutsche but is made and intended for the purpose of binding only the Supplemental Interest Trust; and (d) nothing herein contained shall be construed as creating any liability on Deutsche Bank National Trust Company, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties who are signatories to this Agreement and by any person claiming by, through or under such parties and (e) under no circumstances shall Deutsche Bank National Trust Company be personally liable for the payment of any indemnity, indebtedness, fees or expenses of the Supplemental Interest Trust or be liable for the breach or failure of any obligations, representation, warranty or covenant made or undertaken by the Supplemental Interest Trust under this Agreement. |
(o) | Severability. If any term, provision, covenant, or condition of this Agreement, or the application thereof to any party or circumstance, shall be held to be invalid or unenforceable (in whole or in part) in any respect, the remaining terms, provisions, covenants, and conditions hereof shall continue in full force and effect as if this Agreement had been executed with the invalid or unenforceable portion eliminated, so long as this Agreement as so modified continues to express, without material change, the original intentions of the parties as to the subject matter of this Agreement and the deletion of such portion of this Agreement will not substantially impair the respective benefits or expectations of the parties; provided, however, that this severability provision shall not be applicable if any provision of Section 2, 5, 6, or 13 (or any definition or provision in Section 14 to the extent it relates to, or is used in or in connection with any such Section) shall be so held to be invalid or unenforceable. |
The parties shall endeavor to engage in good faith negotiations to replace any invalid or unenforceable term, provision, covenant or condition with a valid or enforceable term, provision, covenant or condition, the economic effect of which comes as close as possible to that of the invalid or unenforceable term, provision, covenant or condition.
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 15 of 24
(p) | Agent for Party B. Party A acknowledges that Party B has appointed the Supplemental Interest Trust Trustee and the Trustee as its agents under the Pooling and Servicing Agreement to carry out certain functions on behalf of Party B, and that the Supplemental Interest Trust Trustee and the Trust shall be entitled to give notices and to perform and satisfy the obligations of Party B hereunder on behalf of Party B. |
(q) | Limitation on Events of Default. Notwithstanding the provisions of Sections 5 and 6, if at any time and so long as Party B has satisfied in full all its payment obligations under Section 2(a)(i) and has at the time no future payment obligations, whether absolute or contingent, under such Section, then unless Party A is required pursuant to appropriate proceedings to return to Party B or otherwise returns to Party B upon demand of Party B any portion of any such payment, (a) the occurrence of an event described in Section 5(a) with respect to Party B shall not constitute an Event of Default or Potential Event of Default with respect to Party B as Defaulting Party and (b) Party A shall be entitled to designate an Early Termination Date pursuant to Section 6 only as a result of the occurrence of a Termination Event set forth in either Section 5(b)(i) or 5(b)(ii) with respect to Party A as the Affected Party, or Section 5(b)(iii) with respect to Party A as the Burdened Party. For purposes of the Transaction to which this Agreement relates, Party B’s only obligation under Section 2(a)(i) is to pay the Fixed Amount on the Fixed Amount Payer Payment Date. |
(r) | Consent to Recording. Each party hereto consents to the monitoring or recording, at any time and from time to time, by the other party of any and all communications between trading, marketing, and operations personnel of the parties and their Affiliates, waives any further notice of such monitoring or recording, and agrees to notify such personnel of such monitoring or recording. |
(s) | Waiver of Jury Trial. Each party waives any right it may have to a trial by jury in respect of any suit, action or proceeding relating to this Agreement or any Credit Support Document. |
(t) | Form of ISDA Master Agreement. Party A and Party B hereby agree that the text of the body of the ISDA Master Agreement is intended to be the printed form of the ISDA Master Agreement (Multicurrency - Crossborder) as published and copyrighted in 1992 by the International Swaps and Derivatives Association, Inc. |
(u) | Payment Instructions. Party A hereby agrees that, unless notified in writing by Party B of other payment instructions, any and all amounts payable by Party A to Party B under this Agreement shall be paid to the account specified in Item 4 of this Confirmation, below. |
(v) | Capacity. Party A represents to Party B on the date on which Party A enters into this Agreement that it is entering into the Agreement and the Transaction as principal and not as agent of any person. The Supplemental Interest Trust Trustee represents to Party A on the date on which Party B enters into this Agreement that the Supplemental Interest Trust Trustee is executing the Agreement not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust. |
(w) | Substantial financial transactions. Each party hereto is hereby advised and acknowledges as of the date hereof that the other party has engaged in (or refrained from engaging in) substantial financial transactions and has taken (or refrained from taking) other material actions in reliance upon the entry by the parties into the Transaction being entered into on the terms and conditions set forth herein and in the Pooling and Servicing Agreement relating to such Transaction, as applicable. This paragraph shall be deemed repeated on the trade date of each Transaction. |
(x) | Third Party Beneficiary. The parties hereto acknowledge and agree that the Certificate Insurer shall be an express third-party beneficiary of this Agreement |
(y) | Optional Termination. In connection with the optional termination of the trust fund pursuant to Section 9.01 of the Pooling and Servicing Agreement, with effect following all distributions on the final Distribution Date under the Pooling and Servicing Agreement (such date, the “Optional Termination Distribution Date”): |
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 16 of 24
(a) | (1) (A) Party B hereby assigns all of its rights and delegates all of its liabilities and obligations to Impac Mortgage Holdings, Inc., (“IMHI”) and IMHI hereby assumes all of Party B’s rights, liabilities, and obligations, under the Confirmations arising after the final distributions on the Optional Termination Distribution Date (the “Assigned Transactions”) and (B) Party A hereby consents to such assignment, delegation and assumption; |
(2) Party A and IMHI agree to enter into the Assigned Transactions as evidenced by confirmations (the “New Confirmations”) and each such New Confirmation will constitute a Confirmation (as that word is defined in the New Agreement, defined below) that supplements, forms a part of, and is subject to, an agreement (the “New Agreement”) in the form of the 1992 Multicurrency - Cross Border Master Agreement in the form published by the International Swaps and Derivatives Association, Inc. (the “ISDA Form”), executed by Party A and IMHI, but without any Schedule except for the election of the State of New York as the governing law and USD as the Termination Currency (as that word is defined in the New Agreement). Party A and IMHI further agree that such New Confirmations shall have substantially identical terms to the Assigned Transactions and Confirmations.
(b) | Party A and Party B are each released and discharged from further obligations owed under and in respect of the Assigned Transactions and their respective rights against each other thereunder are cancelled; |
(c) | Party A hereby agrees that IMHI may do one of the following with each of the Assigned Transactions and the New Confirmations: |
(i) | retain such Assigned Transaction and New Confirmation; |
(ii) | assign all of its rights and delegate all of its liabilities and obligations under such Assigned Transaction and New Confirmation to a third party, such assignment and delegation to be effective upon the receipt of written consent thereto from Party A (in its sole and absolute discretion); or |
(iii) | terminate such Assigned Transaction by giving three Business Days’ prior written notice to Party A (the “Optional Swap Termination”). In connection with the Optional Swap Termination, if any, a termination payment (if any) shall be payable by IMHI or Party A, as applicable, as determined by the Calculation Agent by the application of Section 6(e)(ii) of the ISDA Form Master Agreement, with Market Quotation and Second Method being the applicable method for determining the termination payment. The exercise of the right to terminate under this provision shall not be an Event of Default under any of the other Transactions between IMHI and Bear Stearns Financial Products Inc. For purposes of the Optional Swap Termination, IMHI shall be the sole Affected Party. |
(d) | If IMHI exercises its right to retain an Assigned Transaction and New Confirmation pursuant to Part 5(y)(a)(2) of this Agreement, then Party A has the right to do one of the following with each such Assigned Transaction and New Confirmation: |
(i) retain such Assigned Transaction and New Confirmation;
(ii) assign all of its rights and delegate all of its liabilities and obligations under such Assigned Transaction to a subsidiary of The Bear Stearns Companies, Inc. without the consent of IMHI;
or
(iii) assign all of its rights and delegate all of its liabilities and obligations under such Assigned Transaction to a third party with the consent of IMHI; provided, however, that if Party A exercises its right to assign such Assigned Transaction under (ii) or (iii) above the counterparty shall be an entity that (1) has executed an ISDA Master Agreement with IMHI and (2) agrees to accept all of the terms and conditions of such Assigned Transaction and New Confirmation without amendment or supplement.
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 17 of 24
(z) | Additional Definitions. |
As used in this Agreement, the following terms shall have the meanings set forth below, unless the context clearly requires otherwise:
“Approved Ratings Threshold” means each of the S&P Approved Ratings Threshold and the Moody’s First Trigger Ratings Threshold.
“Approved Replacement” means, with respect to a Market Quotation, an entity making such Market Quotation, which entity would satisfy conditions (a), (b), (c) and (d)of the definition of Permitted Transfer (as determined by Party B in its sole discretion, acting in a commercially reasonable manner) if such entity were a Transferee, as defined in the definition of Permitted Transfer.
“Eligible Guarantee” means an unconditional and irrevocable guarantee of all present and future payment obligations and obligations to post collateral of Party A or an Eligible Replacement to Party B under this Agreement that is provided by an Eligible Guarantor as principal debtor rather than surety and that is directly enforceable by Party B, the form and substance of which guarantee are subject to the Rating Agency Condition with respect to S&P.
“Eligible Guarantor” means an entity that (A) has credit ratings from S&P at least equal to the S&P Approved Ratings Threshold and (B) has credit ratings from Moody’s at least equal to the Moody’s Second Trigger Ratings Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee of an Eligible Guarantor with credit ratings below the Moody’s First Trigger Ratings Threshold will not cause a Collateral Event (as defined in the Credit Support Annex) not to occur or continue with respect to Moody’s. An Eligible Guarantor shall provide to Party B in writing all credit ratings described in this definition, upon the request of Party B.
“Eligible Replacement” means an entity (A) (i) (a) that has credit ratings from S&P at least equal to the S&P Approved Ratings Threshold, and (b) has credit ratings from Moody’s at least equal to the Moody’s Second Trigger Ratings Threshold, provided, for the avoidance of doubt, that an Eligible Replacement with credit ratings below the Moody’s First Trigger Ratings Threshold will not cause a Collateral Event (as defined in the Credit Support Annex) not to occur or continue with respect to Moody’s, or (ii) the present and future obligations (for the avoidance of doubt, not limited to payment obligations) of which entity to Party B under this Agreement are guaranteed pursuant to an Eligible Guarantee. An Eligible Replacement shall provide to Party B in writing all credit ratings described in this definition, upon the request of Party B.
“Estimated Swap Termination Payment” means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e), taking into account then current market conditions.
“Firm Offer” means (A) with respect to an Eligible Replacement, a quotation from such Eligible Replacement (i) in an amount equal to the actual amount payable by or to Party B in consideration of an agreement between Party B and such Eligible Replacement to replace Party A as the counterparty to this Agreement by way of novation or, if such novation is not possible, an agreement between Party B and such Eligible Replacement to enter into a Replacement Transaction (assuming that all Transactions hereunder become Terminated Transactions), and (ii) that constitutes an offer by such Eligible Replacement to replace Party A as the counterparty to this Agreement or enter a Replacement Transaction that will become legally binding upon such Eligible Replacement upon acceptance by Party B, and (B) with respect to an Eligible Guarantor, an offer by such Eligible Guarantor to provide an Eligible Guarantee that will become legally binding upon such Eligible Guarantor upon acceptance by the offeree.
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 18 of 24
“Moody’s” means Moody’s Investors Service, Inc., or any successor thereto.
“Moody’s First Trigger Ratings Event” means that no Relevant Entity has credit ratings from Moody’s at least equal to the Moody’s First Trigger Ratings Threshold.
“Moody’s First Trigger Ratings Threshold” means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.
“Moody’s Second Trigger Ratings Event” means that no Relevant Entity has credit ratings from Moody’s at least equal to the Moody’s Second Trigger Ratings Threshold.
“Moody’s Second Trigger Ratings Threshold” means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.
“Permitted Transfer” means a transfer by novation by Party A pursuant to Section 6(b)(ii), Part 5(d), Part 5(b)(v), Part 5(e) or the second sentence of Section 7 (as amended herein) to a transferee (the “Transferee”) of all, but not less than all, of Party A’s rights, liabilities, duties and obligations under this Agreement, with respect to which transfer each of the following conditions is satisfied: (a) the Transferee is an Eligible Replacement; (b) Party A and the Transferee are both “dealers in notional principal contracts” within the meaning of Treasury regulations section 1.1001-4 (in each case as certified by such entity); (c) as of the date of such transfer the Transferee would not be required to withhold or deduct on account of Tax from any payments under this Agreement or would be required to gross up for such Tax under Section 2(d)(i)(4); (d) an Event of Default or Termination Event would not occur as a result of such transfer; (e) pursuant to a written instrument (the “Transfer Agreement”), the Transferee acquires and assumes all rights and obligations of Party A under the Agreement and the relevant Transaction; (f) Party B shall have determined, in its sole discretion, acting in a commercially reasonable manner, that such Transfer Agreement is effective to transfer to the Transferee all, but not less than all, of Party A’s rights and obligations under the Agreement and all relevant Transactions; (g) Party A will be responsible for any costs or expenses incurred in connection with such transfer (including any replacement cost of entering into a replacement transaction); (h) either (A) Moody’s has been given prior written notice of such transfer and the Rating Agency Condition is satisfied with respect to S&P or (B) each Swap Rating Agency has been given prior written notice of such transfer and such transfer is in connection with the assignment and assumption of this Agreement without modification of its terms, other than party names, dates relevant to the effective date of such transfer, tax representations (provided that the representations in Part 2(a)(i) are not modified) and any other representations regarding the status of the substitute counterparty of the type included in Part 5(b)(iv), Part 5(v)(i)(2) or Part 5(v)(ii), notice information and account details; and (i) such transfer otherwise complies with the terms of the Pooling and Servicing Agreement.
“Rating Agency Condition” means, with respect to any particular proposed act or omission to act hereunder and each Swap Rating Agency specified in connection with such proposed act or omission, that the party acting or failing to act must consult with each of the specified Swap Rating Agencies and receive from each such Swap Rating Agency a prior written confirmation that the proposed action or inaction would not cause a downgrade or withdrawal of the then-current rating of any Certificates or Notes.
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 19 of 24
“Relevant Entity” means Party A and, to the extent applicable, a guarantor under an Eligible Guarantee.
“Replacement Transaction” means, with respect to any Terminated Transaction or group of Terminated Transactions, a transaction or group of transactions that (i) would have the effect of preserving for Party B the economic equivalent of any payment or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that Date, and (ii) has terms which are substantially the same as this Agreement, including, without limitation, rating triggers, Regulation AB compliance, and credit support documentation, save for the exclusion of provisions relating to Transactions that are not Terminated Transaction.
“Required Ratings Downgrade Event” means that no Relevant Entity has credit ratings at least equal to the Required Ratings Threshold. For purposes of determining whether a Required Ratings Downgrade Event has occurred, each Relevant Entity shall provide its credit ratings to Party B in writing, upon request of Party B.
“Required Ratings Threshold” means each of the S&P Required Ratings Threshold and the Moody’s Second Trigger Ratings Threshold.
“S&P” means Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc., or any successor thereto.
“S&P Approved Ratings Downgrade Event” means that no Relevant Entity has credit ratings at least equal to the S&P Approved Ratings Threshold.
“S&P Approved Ratings Threshold” means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a short-term unsecured and unsubordinated debt rating from S&P of “A-1”, or, if such entity does not have a short-term unsecured and unsubordinated debt rating from S&P, a long-term unsecured and unsubordinated debt rating or counterparty rating from S&P of “A+”.
“S&P Required Ratings Downgrade Event” means that no Relevant Entity has credit ratings at least equal to the S&P Required Ratings Threshold.
“S&P Required Ratings Threshold” means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a long-term unsecured and unsubordinated debt rating or counterparty rating from S&P of “BBB-”.
“Swap Rating Agencies” means, with respect to any date of determination, each of S&P and Moody’s, to the extent that each such rating agency is then providing a rating for any of the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp. Mortgage Pass-Through Certificates, Series 2007-3 (the “Certificates”) or any notes backed by the Certificates (the “Notes”).
[Remainder of this page intentionally left blank.]
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 20 of 24
4. | Account Details and Settlement Information: |
Payments to Party A:
Citibank, N.A., New York
ABA Number: 021-0000-89, for the account of Bear, Stearns Securities Corp.
Account Number: 0925-3186, for further credit to Bear Stearns Financial Products Inc.
Sub-account Number: 102-04654-1-3
Attention: Derivatives Department
Payments to Party B:
Deutsche Bank Trust Company Americas
ABA: 021001033
A/C# 014-19-663
AC Name: NYLTD Funds Control - Stars West
Ref: Impac Secured Assets Corp. 2007-3 Cap Payment
NEITHER THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE BEAR STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT PROVIDER ON THIS AGREEMENT.
This Agreement may be executed in several counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.
Party B hereby agrees to check this Confirmation and to confirm that the foregoing correctly sets forth the terms of the Transaction by signing in the space provided below and returning to Party A a facsimile of the fully-executed Confirmation to 212-272-9857. For inquiries regarding U.S. Transactions, please contact Derivatives Documentation by telephone at 212-272-2711. For all other inquiries please contact Derivatives Documentation by telephone at 353-1-402-6233. Originals will be provided for your execution upon your request.
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 21 of 24
We are very pleased to have executed this Transaction with you and we look forward to completing other transactions with you in the near future.
Very truly yours,
BEAR STEARNS FINANCIAL PRODUCTS INC.
By: _______________________________
Name:
Title:
Name:
Title:
Party B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the date hereof.
DEUTSCHE BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST TRUST WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-3, IMPAC SECURED ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-3
By: _______________________________
Name:
Title:
Name:
Title:
am
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 22 of 24
SCHEDULE I
(all such dates subject to adjustment in accordance with the Following Business Day Convention)
From and including | To but excluding | Notional Amount (USD) |
Effective Date | 25-May-12 | 161,826,352.67 |
25-May-12 | 25-Jun-12 | 151,263,754.40 |
25-Jun-12 | 25-Jul-12 | 141,511,904.07 |
25-Jul-12 | 25-Aug-12 | 132,504,019.82 |
25-Aug-12 | 25-Sep-12 | 124,179,097.46 |
25-Sep-12 | 25-Oct-12 | 116,486,851.73 |
25-Oct-12 | 25-Nov-12 | 109,380,292.96 |
25-Nov-12 | 25-Dec-12 | 103,113,625.92 |
25-Dec-12 | 25-Jan-13 | 98,129,052.74 |
25-Jan-13 | 25-Feb-13 | 94,098,228.14 |
25-Feb-13 | 25-Mar-13 | 90,805,942.90 |
25-Mar-13 | 25-Apr-13 | 87,963,778.14 |
25-Apr-13 | 25-May-13 | 85,210,648.69 |
25-May-13 | 25-Jun-13 | 82,545,124.15 |
25-Jun-13 | Termination Date | 79,962,538.10 |
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 23 of 24
Annex A
Paragraph 13 of the Credit Support Annex
Reference Number: FXNEC9418
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3
April 30, 2007
Page 24 of 24
Annex B
ANNEX A
ISDA®
CREDIT SUPPORT ANNEX
to the Schedule to the
ISDA Master Agreement
dated as of April 30, 2007 between
Bear Stearns Financial Products Inc. (hereinafter referred to as “Party A” or “Pledgor”)
and
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3 (hereinafter referred to as “Party B” or “Secured Party”)
For the avoidance of doubt, and notwithstanding anything to the contrary that may be contained in the Agreement, this Credit Support Annex shall relate solely to the Transaction documented in the Confirmation dated April 30, 2007, between Party A and Party B, Reference Number FXNEC9418.
Paragraph 13. Elections and Variables.
(a) | Security Interest for “Obligations”. The term “Obligations” as used in this Annex includes the following additional obligations: |
With respect to Party A: not applicable.
With respect to Party B: not applicable.
(b) | Credit Support Obligations. |
(i) | Delivery Amount, Return Amount and Credit Support Amount. |
(A) | “Delivery Amount” has the meaning specified in Paragraph 3(a) as amended (I) by deleting the words “upon a demand made by the Secured Party on or promptly following a Valuation Date” and inserting in lieu thereof the words “not later than the close of business on each Valuation Date” and (II) by deleting in its entirety the sentence beginning “Unless otherwise specified in Paragraph 13” and ending “(ii) the Value as of that Valuation Date of all Posted Credit Support held by the Secured Party.” and inserting in lieu thereof the following: |
The “Delivery Amount” applicable to the Pledgor for any Valuation Date will equal the greatest of
(1) | the amount by which (a) the S&P Credit Support Amount for such Valuation Date exceeds (b) the S&P Value as of such Valuation Date of all Posted Credit Support held by the Secured Party, |
(2) | the amount by which (a) the Moody’s First Trigger Credit Support Amount for such Valuation Date exceeds (b) the Moody’s First Trigger Value as of such Valuation Date of all Posted Credit Support held by the Secured Party, and |
(3) | the amount by which (a) the Moody’s Second Trigger Credit Support Amount for such Valuation Date exceeds (b) the Moody’s Second Trigger Value as of such Valuation Date of all Posted Credit Support held by the Secured Party. |
(B) | “Return Amount” has the meaning specified in Paragraph 3(b) as amended by deleting in its entirety the sentence beginning “Unless otherwise specified in Paragraph 13” and ending “(ii) the Credit Support Amount.” and inserting in lieu thereof the following: |
The “Return Amount” applicable to the Secured Party for any Valuation Date will equal the least of
(1) | the amount by which (a) the S&P Value as of such Valuation Date of all Posted Credit Support held by the Secured Party exceeds (b) the S&P Credit Support Amount for such Valuation Date, |
(2) | the amount by which (a) the Moody’s First Trigger Value as of such Valuation Date of all Posted Credit Support held by the Secured Party exceeds (b) the Moody’s First Trigger Credit Support Amount for such Valuation Date, and |
(3) | the amount by which (a) the Moody’s Second Trigger Value as of such Valuation Date of all Posted Credit Support held by the Secured Party exceeds (b) the Moody’s Second Trigger Credit Support Amount for such Valuation Date. |
(C) | “Credit Support Amount” shall not apply. For purposes of calculating any Delivery Amount or Return Amount for any Valuation Date, reference shall be made to the S&P Credit Support Amount, the Moody’s First Trigger Credit Support Amount, or the Moody’s Second Trigger Credit Support Amount, in each case for such Valuation Date, as provided in Paragraphs 13(b)(i)(A) and 13(b)(i)(B), above. |
(ii) | Eligible Collateral. |
The items set forth on the schedule of Eligible Collateral attached as Schedule A hereto will qualify as “Eligible Collateral” (for the avoidance of doubt, all Eligible Collateral described in (D) and (E) of column one of the Collateral Schedule to be denominated in USD).
(iii) | Other Eligible Support. |
The following items will qualify as “Other Eligible Support” for the party specified:
Not applicable.
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(iv) | Threshold. |
(A) | “Independent Amount” means zero with respect to Party A and Party B. |
(B) | “Threshold” means, with respect to Party A and any Valuation Date, zero if (i) a Collateral Event has occurred and has been continuing (x) for at least 30 days or (y) since this Annex was executed or (ii) a Required Ratings Downgrade Event has occurred and is continuing; otherwise, infinity. |
“Threshold” means, with respect to Party B and any Valuation Date, infinity.
(C) | “Minimum Transfer Amount” means USD 100,000 with respect to Party A and Party B; provided, however, that if the aggregate Certificate Principal Balance of the Certificates and the aggregate principal balance of the Notes rated by S&P is at the time of any transfer less than USD 50,000,000, the “Minimum Transfer Amount” shall be USD 50,000. |
(D) | Rounding: The Delivery Amount will be rounded up to the nearest integral multiple of USD 10,000. The Return Amount will be rounded down to the nearest integral multiple of USD 10,000. |
(c) | Valuation and Timing. |
(i) | “Valuation Agent” means Party A. |
(ii) | “Valuation Date” means each Local Business Day on which any of the S&P Credit Support Amount, the Moody’s First Trigger Credit Support Amount or the Moody’s Second Trigger Credit Support Amount is greater than zero. |
(iii) | “Valuation Time” means the close of business in the city of the Valuation Agent on the Local Business Day immediately preceding the Valuation Date or date of calculation, as applicable; provided that the calculations of Value and Exposure will be made as of approximately the same time on the same date. The Valuation Agent will notify each party (or the other party, if the Valuation Agent is a party) of its calculations not later than the Notification Time on the applicable Valuation Date (or in the case of Paragraph 6(d), the Local Business Day following the day on which such relevant calculations are performed).” |
(iv) | “Notification Time” means 11:00 a.m., New York time, on a Local Business Day. |
(v) | External Calculations. At any time at which Party A (or, to the extent applicable, its Credit Support Provider) does not have a long-term unsubordinated and unsecured debt rating of at least “BBB+” from S&P, the Valuation Agent shall (at its own expense) obtain external calculations of Party B’s Exposure from at least two Reference Market-makers on the last Local Business Day of each calendar month. Any determination of the S&P Credit Support Amount shall be based on the greatest of Party B’s Exposure determined by the Valuation Agent and such Reference Market-makers. Such external calculation may not be obtained from the same Reference Market-maker more than four times in any 12-month period. |
(vi) | Notice to S&P. At any time at which Party A (or, to the extent applicable, its Credit Support Provider) does not have a long-term unsubordinated and unsecured debt rating of at least “BBB+” from S&P, the Valuation Agent shall provide to S&P not later than the Notification Time on the Local Business Day following each Valuation Date its calculations of Party B’s Exposure and the S&P Value of any Eligible Credit Support or Posted Credit Support for that Valuation Date. The Valuation Agent shall also provide to S&P any external marks of Party B’s Exposure. |
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(d) | Conditions Precedent and Secured Party’s Rights and Remedies. The following Termination Events will be a “Specified Condition” for the party specified (that party being the Affected Party if the Termination Event occurs with respect to that party): With respect to Party A and Party B: None. |
(e) | Substitution. |
(i) | “Substitution Date” has the meaning specified in Paragraph 4(d)(ii). |
(ii) | Consent. If specified here as applicable, then the Pledgor must obtain the Secured Party’s consent for any substitution pursuant to Paragraph 4(d): Inapplicable. |
(f) | Dispute Resolution. |
(i) | “Resolution Time” means 1:00 p.m. New York time on the Local Business Day following the date on which the notice of the dispute is given under Paragraph 5. |
(ii) | Value. Notwithstanding anything to the contrary in Paragraph 12, for the purpose of Paragraphs 5(i)(C) and 5(ii), the S&P Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value, on any date, of Eligible Collateral other than Cash will be calculated as follows: |
For Eligible Collateral in the form of securities listed in Paragraph 13(b)(ii): the product of (1)(x) the bid-side quotation at the Valuation Time for such securities on the principal national securities exchange on which such securities are listed, or (y) if such securities are not listed on a national securities exchange, the arithmetic mean of the bid-side quotations for such securities quoted at the Valuation Time by any three principal market makers for such securities selected by the Valuation Agent, provided that if only two bid-side quotations are obtained, then the arithmetic mean of such two bid-side quotations will be used, and if only one bid-side quotation is obtained, such quotation shall be used, or (z) if no such bid price is listed or quoted for such date, the bid price listed or quoted (as the case may be) at the Valuation Time for the day next preceding such date on which such prices were available and (2) the applicable Valuation Percentage for such Eligible Collateral.
(iii) | Alternative. The provisions of Paragraph 5 will apply. |
(g) | Holding and Using Posted Collateral. |
(i) | Eligibility to Hold Posted Collateral; Custodians. Party B (or its Custodian) will be entitled to hold Posted Collateral pursuant to Paragraph 6(b), provided that the following conditions applicable to it are satisfied: |
(1) | it is not a Defaulting Party. |
(2) | Posted Collateral consisting of Cash or certificated securities that cannot be paid or delivered by book-entry may be held only in any state of the United States which has adopted the Uniform Commercial Code. |
(3) | in the case of any Custodian for Party B, such Custodian (or, to the extent applicable, its parent company or credit support provider) shall then have a short-term unsecured and unsubordinated debt rating from S&P of at least “A-1”. |
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Initially, the Custodian for Party B is: The Supplemental Interest Trust Trustee.
(ii) | Use of Posted Collateral. The provisions of Paragraph 6(c) will not apply to Party B, and Party B shall not have any right to use Posted Collateral or take any action specified in such Paragraph 6(c). |
(h) | Distributions and Interest Amount. |
(i) | Interest Rate. The “Interest Rate” will be the actual interest rate earned on Posted Collateral in the form of Cash that is held by Party B or its Custodian. Posted Collateral in the form of Cash shall be invested in such overnight (or redeemable within two Local Business Days of demand) Permitted Investments rated at least (x) AAAm or AAAm-G by S&P and (y) Prime-1 by Moody’s or Aaa by Moody’s, as directed by Party A. Gains and losses incurred in respect of any investment of Posted Collateral in the form of Cash in Permitted Investments as directed by Party A shall be for the account of Party A. |
(ii) | Amendment of Paragraph 6(d)(i) - Distributions. Clause (d)(i) of Paragraph 6 shall be amended and restated to read in its entirety as follows: |
“(i) Distributions. Subject to Paragraph 4(a), if Party B receives Distributions on a Local Business Day, it will Transfer to Party A not later than the following Local Business Day any Distributions it receives to the extent that a Delivery Amount would not be created or increased by that Transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed to be a Valuation Date for this purpose). ”
(iii) | Amendment of Paragraph 6(d)(ii) - Interest Amount. Clause (d)(ii) of Paragraph 6 shall be amended and restated to read in its entirety as follows: |
“(ii) Interest Amount. In lieu of any interest, dividends or other amounts paid with respect to Posted Collateral in the form of Cash (all of which may be retained by the Secured Party), the Secured Party will Transfer to the Pledgor on the 20th day of each calendar month (or if such day is not a Local Business Day, the next Local Business Day) the Interest Amount. Any Interest Amount or portion thereof not Transferred pursuant to this Paragraph will constitute Posted Collateral in the form of Cash and will be subject to the security interest granted under Paragraph 2. For purposes of calculating the Interest Amount the amount of interest calculated for each day of the interest period shall be compounded monthly.” Secured Party shall not be obligated to transfer any Interest Amount unless and until it has received such amount.
(i) | Additional Representation(s). There are no additional representations by either party. |
(j) | Other Eligible Support and Other Posted Support. |
(i) | “Value” with respect to Other Eligible Support and Other Posted Support means: not applicable. |
(ii) | “Transfer” with respect to Other Eligible Support and Other Posted Support means: not applicable. |
(k) | Demands and Notices.All demands, specifications and notices under this Annex will be made pursuant to the Notices Section of this Agreement, except that any demand, specification or notice shall be given to or made at the following addresses, or at such other address as the relevant party may from time to time designate by giving notice (in accordance with the terms of this paragraph) to the other party: |
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If to Party A, at the address specified pursuant to the Notices Section of this Agreement.
If to Party B, at the address specified pursuant to the Notices Section of this Agreement.
If to Party B’s Custodian: at the address designated in writing from time to time.
(l) | Address for Transfers. Each Transfer hereunder shall be made to the address specified below or to an address specified in writing from time to time by the party to which such Transfer will be made. |
Party A account details for holding collateral:
Citibank, N.A., New York
ABA Number: 021-0000-89, for the account of Bear, Stearns Securities Corp.
Account Number: 0925-3186, for further credit to Bear Stearns Financial Products Inc.
Sub-account Number: 102-04654-1-3
Attention: Derivatives Department
Party B’s Custodian account details for holding collateral:
Deutsche Bank Trust Company Americas
ABA: 021001033
A/C# 014-19-663
AC Name: NYLTD Funds Control - Stars West
Ref: Impac Secured Assets Corp. 2007-3 Collateral Payment
(m) | Other Provisions. |
(i) | Collateral Account. Party B shall open and maintain a segregated account, which shall be an Eligible Account, and hold, record and identify all Posted Collateral in such segregated account. |
(ii) | Agreement as to Single Secured Party and Single Pledgor. Party A and Party B hereby agree that, notwithstanding anything to the contrary in this Annex, (a) the term “Secured Party” as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9. |
(iii) | Calculation of Value. Paragraph 4(c) is hereby amended by deleting the word “Value” and inserting in lieu thereof “S&P Value, Moody’s First Trigger Value, Moody’s Second Trigger Value”. Paragraph 4(d)(ii) is hereby amended by (A) deleting the words “a Value” and inserting in lieu thereof “an S&P Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value” and (B) deleting the words “the Value” and inserting in lieu thereof “S&P Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”. Paragraph 5 (flush language) is hereby amended by deleting the word “Value” and inserting in lieu thereof “S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger Value”. Paragraph 5(i) (flush language) is hereby amended by deleting the word “Value” and inserting in lieu thereof “S&P Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”. Paragraph 5(i)(C) is hereby amended by deleting the word “the Value, if” and inserting in lieu thereof “any one or more of the S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger Value, as may be”. Paragraph 5(ii) is hereby amended by (1) deleting the first instance of the words “the Value” and inserting in lieu thereof “any one or more of the S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger Value” and (2) deleting the second instance of the words “the Value” and inserting in lieu thereof “such disputed S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger Value”. Each of Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by deleting the word “Value” and inserting in lieu thereof “least of the S&P Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”. |
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(iv) | Form of Annex. Party A and Party B hereby agree that the text of Paragraphs 1 through 12, inclusive, of this Annex is intended to be the printed form of ISDA Credit Support Annex (Bilateral Form - ISDA Agreements Subject to New York Law Only version) as published and copyrighted in 1994 by the International Swaps and Derivatives Association, Inc. |
(v) | Events of Default. Clause (iii) of Paragraph 7 shall not apply to Party B. |
(vi) | Expenses. Notwithstanding anything to the contrary in Paragraph 10, the Pledgor will be responsible for, and will reimburse the Secured Party for, all transfer and other taxes and other costs involved in any Transfer of Eligible Collateral. |
(vii) | Withholding. Paragraph 6(d)(ii) is hereby amended by inserting immediately after “the Interest Amount” in the fourth line thereof the words “less any applicable withholding taxes.” |
(ix) Additional Definitions. As used in this Annex:
“Collateral Event” means that no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold.
“DV01” means, with respect to a Transaction and any date of determination, the estimated change in the Secured Party’s Transaction Exposure with respect to such Transaction that would result from a one basis point change in the relevant swap curve on such date, as determined by the Valuation Agent in good faith and in a commercially reasonable manner. The Valuation Agent shall, upon request of Party B, provide to Party B a statement showing in reasonable detail such calculation.
“Exposure” has the meaning specified in Paragraph 12, except that after the word “Agreement” the words “(assuming, for this purpose only, that Part 1(f) of the Schedule is deleted)” shall be inserted.
“Local Business Day” means, for purposes of this Annex: any day on which (A) commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in New York and the location of Party A, Party B and any Custodian, and (B) in relation to a Transfer of Eligible Collateral, any day on which the clearance system agreed between the parties for the delivery of Eligible Collateral is open for acceptance and execution of settlement instructions (or in the case of a Transfer of Cash or other Eligible Collateral for which delivery is contemplated by other means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign deposits) in New York and the location of Party A, Party B and any Custodian.
“Moody’s First Trigger Credit Support Amount” means, for any Valuation Date, the excess, if any, of
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(I) | (A) | for any Valuation Date on which (I) a Moody’s First Trigger Ratings Event has occurred and has been continuing (x) for at least 30 Local Business Days or (y) since this Annex was executed and (II) it is not the case that a Moody’s Second Trigger Ratings Event has occurred and been continuing for at least 30 Local Business Days, an amount equal to the greater of (a) zero and (b) the sum of (i) the Secured Party’s Exposure for such Valuation Date and (ii) the sum, for each Transaction to which this Annex relates, of the lesser of (x) the product of the Moody’s First Trigger DV01 Multiplier and DV01 for such Transaction and such Valuation Date and (y) the product of (i) Moody’s First Trigger Notional Amount Multiplier, (ii) if a Scale Factor is specified in such Transaction, the Scale Factor (as defined in such Transaction) for such Transaction, or, if no Scale Factor is specified in such Transaction, 1 and (iii) the Notional Amount for such Transaction for the Calculation Period for such Transaction (each as defined in the related Confirmation) which includes such Valuation Date, or |
(B) | for any other Valuation Date, zero, over |
(II) the Threshold for Party A such Valuation Date.
“Moody’s First Trigger DV01 Multiplier” means 15.
“Moody’s First Trigger Value” means, on any date and with respect to any Eligible Collateral other than Cash, the bid price obtained by the Valuation Agent multiplied by the Moody’s First Trigger Valuation Percentage for such Eligible Collateral set forth in Paragraph 13(b)(ii).
“Moody’s First Trigger Notional Amount Multiplier” means 2%.
“Moody’s Second Trigger Credit Support Amount” means, for any Valuation Date, the excess, if any, of
(I) | (A) | for any Valuation Date on which it is the case that a Moody’s Second Trigger Ratings Event has occurred and been continuing for at least 30 Local Business Days, an amount equal to the greatest of (a) zero, (b) the aggregate amount of the next payment due to be paid by Party A under each Transaction to which this Annex relates, and (c) the sum of (x) the Secured Party’s Exposure for such Valuation Date and (y) the sum, for each Transaction to which this Annex relates, of: |
(1) | if such Transaction is not a Transaction-Specific Hedge, the lesser of (i) the product of the Moody’s Second Trigger DV01 Multiplier and DV01 for such Transaction and such Valuation Date and (ii) the product of (1) the Moody’s Second Trigger Notional Amount Multiplier, (2) if a Scale Factor is specified in such Transaction, the Scale Factor (as defined in such Transaction) for such Transaction, or, if no Scale Factor is specified in such Transaction, 1 and (3) the Notional Amount for such Transaction for the Calculation Period for such Transaction (each as defined in the related Confirmation) which includes such Valuation Date; or |
(2) | if such Transaction is a Transaction-Specific Hedge, the lesser of (i) the product of the Moody’s Second Trigger Transaction-Specific Hedge DV01 Multiplier and DV01 for such Transaction and such Valuation Date and (ii) the product of (1) the Moody’s Second Trigger Transaction-Specific Hedge Notional Amount Multiplier, (2) if a Scale Factor is specified in such Transaction, the Scale Factor (as defined in such Transaction) for such Transaction, or, if no Scale Factor is specified in such Transaction, 1 and (3) the Notional Amount for such Transaction for the Calculation Period for such Transaction (each as defined in the related Confirmation) which includes such Valuation Date; or |
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(B) | for any other Valuation Date, zero, over |
(II) the Threshold for Party A for such Valuation Date.
“Moody’s Second Trigger DV01 Multiplier” means 50.
“Moody’s Second Trigger Notional Amount Multiplier” means 8%.
“Moody’s Second Trigger Transaction-Specific Hedge DV01 Multiplier” means 65.
“Moody’s Second Trigger Transaction-Specific Hedge Notional Amount Multiplier” means 10%.
“Moody’s Second Trigger Value” means, on any date and with respect to any Eligible Collateral other than Cash, the bid price obtained by the Valuation Agent multiplied by the Moody’s Second Trigger Valuation Percentage for such Eligible Collateral set forth in Paragraph 13(b)(ii).
“Remaining Weighted Average Maturity” means, with respect to a Transaction, the expected weighted average maturity for such Transaction as determined by the Valuation Agent.
“S&P Credit Support Amount” means, for any Valuation Date, the excess, if any, of
(I) | (A) | for any Valuation Date on which (i) an S&P Approved Ratings Downgrade Event has occurred and been continuing for at least 30 days or (ii) a S&P Required Ratings Downgrade Event has occurred and is continuing, an amount equal to the sum of (1) 100.0% of the Secured Party’s Exposure for such Valuation Date and (2) the sum, for each Transaction to which this Annex relates, of the product of (i) the Volatility Buffer for such Transaction, (ii) if a Scale Factor is specified in such Transaction, the Scale Factor (as defined in such Transaction) for such Transaction, or, if no Scale Factor is specified in such Transaction, 1 and (iii) the Notional Amount of such Transaction for the Calculation Period of such Transaction (each as defined in the related Confirmation) which includes such Valuation Date, or |
(B) | for any other Valuation Date, zero, over |
(II) the Threshold for Party A for such Valuation Date.
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“S&P Value” means, on any date and with respect to any Eligible Collateral other than Cash, the product of (A) the bid price obtained by the Valuation Agent for such Eligible Collateral and (B) the S&P Valuation Percentage for such Eligible Collateral set forth in paragraph 13(b)(ii).
“Transaction Exposure” means, for any Transaction, Exposure determined as if such Transaction were the only Transaction between the Secured Party and the Pledgor.
“Transaction-Specific Hedge” means any Transaction that is (i) an interest rate swap in respect of which (x) the notional amount of the interest rate swap is “balance guaranteed” or (y) the notional amount of the interest rate swap for any Calculation Period (as defined in the related Confirmation) otherwise is not a specific dollar amount that is fixed at the inception of the Transaction, (ii) an interest rate cap, (iii) an interest rate floor or (iv) an interest rate swaption.
“Valuation Percentage” shall mean, for purposes of determining the S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger Value with respect to any Eligible Collateral or Posted Collateral, the applicable S&P Valuation Percentage, Moody’s First Trigger Valuation Percentage, or Moody’s Second Trigger Valuation Percentage for such Eligible Collateral or Posted Collateral, respectively, in each case as set forth in Paragraph 13(b)(ii).
“Value” shall mean, in respect of any date, the related S&P Value, the related Moody’s First Trigger Value, and the related Moody’s Second Trigger Value.
“Volatility Buffer” means, for any Transaction, the related percentage set forth in the following table.
The higher of the S&P credit rating of (i) Party A and (ii) the Credit Support Provider of Party A, if applicable | Remaining Weighted Average Maturity up to 3 years | Remaining Weighted Average Maturity up to 5 years | Remaining Weighted Average Maturity up to 10 years | Remaining Weighted Average Maturity up to 30 years |
“A-2” or higher | 2.75% | 3.25% | 4.00% | 4.75% |
“A-3” | 3.25% | 4.00% | 5.00% | 6.25% |
“BB+” or lower | 3.50% | 4.50% | 6.75% | 7.50% |
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Page of
IN WITNESS WHEREOF, the parties have executed this Annex by their duly authorized representatives as of the date of the Agreement.
BEAR STEARNS FINANCIAL PRODUCTS INC. | DEUTSCHE BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST TRUST WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-3, IMPAC SECURED ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-3 |
By: _____________________________ Name Title: Date: | By: __________________________ Name: Title: Date: |
REFERENCE NUMBER: FXNEC9418
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SCHEDULE A
ELIGIBLE COLLATERAL
ISDA Collateral Asset Definition (ICAD) Code | Remaining Maturity in Years | S&P Valuation Percentage | Moody’s First Trigger Valuation Percentage | Moody’s Second Trigger Valuation Percentage |
(A) US-CASH | N/A | 100% | 100% | 100% |
(B) EU-CASH | N/A | 92.5% | 98% | 94% |
(C) GB-CASH | N/A | 94.1% | 98% | 95% |
(D) US-TBILL US-TNOTE US-TBOND | ||||
1 or less | 98.9% | 100% | 100% | |
More than 1 but not more than 2 | 98.0% | 100% | 99% | |
More than 2 but not more than 3 | 97.4% | 100% | 98% | |
More than 3 but not more than 5 | 95.5% | 100% | 97% | |
More than 5 but not more than 7 | 93.7% | 100% | 96% | |
More than 7 but not more than 10 | 92.5% | 100% | 94% | |
More than 10 but not more than 20 | 91.1% | 100% | 90% | |
More than 20 | 88.6% | 100% | 88% | |
(E) US-GNMA US-FNMA US-FHLMC | ||||
1 or less | 98.5% | 100% | 99% | |
More than 1 but not more than 2 | 97.7% | 100% | 99% | |
More than 2 but not more than 3 | 97.3% | 100% | 98% | |
More than 3 but not more than 5 | 94.5% | 100% | 96% | |
More than 5 but not more than 7 | 93.1% | 100% | 93% | |
More than 7 but not more than 10 | 90.7% | 100% | 93% |
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More than 10 but not more than 20 | 87.7% | 100% | 89% | |
More than 20 | 84.4% | 100% | 87% | |
(F) Fixed-Rate GA-EUROZONE-GOV | Rated AAA or better by S&P | Rated Aa3 or better by Moody's | Rated Aa3 or better by Moody's | |
1 or less | 98.8% | 98% | 94% | |
More than 1 but not more than 2 | 97.9% | 98% | 93% | |
More than 2 but not more than 3 | 97.1% | 98% | 92% | |
More than 3 but not more than 5 | 91.2% | 98% | 90% | |
More than 5 but not more than 7 | 87.5% | 98% | 89% | |
More than 7 but not more than 10 | 83.8% | 98% | 88% | |
More than 10 but not more than 20 | 75.5% | 98% | 84% |
The ISDA Collateral Asset Definition (ICAD) Codes used in this Schedule A are taken from the Collateral Asset Definitions (First Edition - June 2003) as published and copyrighted in 2003 by the International Swaps and Derivatives Association, Inc.
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International Swaps and Derivatives Association, Inc.
MASTER AGREEMENT
dated as of April 30, 2007
LEHMAN BROTHERS SPECIAL FINANCING INC. | DEUTSCHE BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL INTEREST TRUST TRUSTEE (THE “SUPPLEMENTAL INTEREST TRUST TRUSTEE”) WITH RESPECT TO THE SUPPLEMENTAL INTEREST TRUST RELATING TO IMPAC SECURED ASSETS TRUST 2007-3, IMPAC SECURED ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-3 (THE “TRUST” AND “PARTY B”) |
have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions.
Accordingly, the parties agree as follows:¾
1. Interpretation
(a) Definitions. The terms defined in Section 14 and in the Schedule will have the meanings therein specified for the purpose of this Master Agreement.
(b) Inconsistency. In the event of any inconsistency between the provisions of the Schedule and the other provisions of this Master Agreement, the Schedule will prevail. In the event of any inconsistency between the provisions of any Confirmation and this Master Agreement (including the Schedule), such Confirmation will prevail for the purposes of the relevant Transaction.
(c) Single Agreement. All Transactions are entered into in reliance on the fact that this Master Agreement and all Confirmations form a single agreement between the parties (collectively referred to as this “Agreement”), and the parties would not otherwise enter into any Transactions.
2. Obligations
(a) General Conditions.
(i) Each party will make each payment or delivery specified in each Confirmation to be made by it, subject to the other provisions of this Agreement.
(ii) Payments under this Agreement will be made on the due date for value on that date in the place of the account specified in the relevant Confirmation or otherwise pursuant to this Agreement, in freely transferable funds and in the manner customary for payments in the required currency. Where settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant Confirmation or elsewhere in this Agreement.
(iii) Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or Potential Event of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other applicable condition precedent specified in this Agreement.
Copyright ã 1992 by International Swap and Derivatives Association, Inc.
value of that which was (or would have been) required to be delivered as of the originally scheduled date for delivery, in each case together with (to the extent permitted under applicable law) interest, in the currency of such amounts, from (and including) the date such amounts or obligations were or would have been required to have been paid or performed to (but excluding) such Early Termination Date, at the Applicable Rate. Such amounts of interest will be calculated on the basis of daily compounding and the actual number of days elapsed. The fair market value of any obligation referred to in clause (b) above shall be reasonably determined by the party obliged to make the determination under Section 6(e) or, if each party is so obliged, it shall be the average of the Termination Currency Equivalents of the fair market values reasonably determined by both parties.
IN WITNESS WHEREOF the parties have executed this document on the respective dates specified below with effect from the date specified on the first page of this document.
LEHMAN BROTHERS SPECIAL FINANCING INC. | DEUTSCHE BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL INTEREST TRUST TRUSTEE (THE “SUPPLEMENTAL INTEREST TRUST TRUSTEE”) WITH RESPECT TO THE SUPPLEMENTAL INTEREST TRUST RELATING TO IMPAC SECURED ASSETS TRUST 2007-3, IMPAC SECURED ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-3 (THE “TRUST” AND “PARTY B”) | |
(Name of Party) | (Name of Party) | |
Name: | Name: | |
Title: | Title: | |
Date: | Date: | |
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(Multicurrency-Cross Border)
SCHEDULE
to the
Master Agreement
dated as of April 30, 2007
between
LEHMAN BROTHERS SPECIAL FINANCING INC. (“Party A”),
a corporation organized under the laws of
the State of Delaware
and
DEUTSCHE BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL INTEREST TRUST TRUSTEE (THE “SUPPLEMENTAL INTEREST TRUST TRUSTEE”) WITH RESPECT TO THE SUPPLEMENTAL INTEREST TRUST RELATING TO IMPAC SECURED ASSETS TRUST 2007-3, IMPAC SECURED ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-3 (THE “TRUST” AND “PARTY B”)
All terms used herein and not otherwise defined are given their meaning in the Pooling and Servicing Agreement dated as of April 1, 2007 among Impac Secured Assets Corp.. as Depositor, Impac Funding Corporation, as master servicer and Deutsche Bank National Trust Company, as Trustee (the “Pooling and Servicing Agreement”).
Part 1. | Termination Provisions. |
For the purposes of this Agreement:-
(a) “Specified Entity” will not apply to Party A or Party B for any purpose.
(b) | “Specified Transaction” will have the meaning specified in Section 14. |
(c) | Events of Default. |
(i) | The “Failure to Pay or Deliver” provisions of Section 5(a)(i) will apply to Party A and will apply to Party B; provided, however, that Section 5(a)(i) is hereby amended by replacing the word “third” with the word “first”; provided, further, that notwithstanding anything to the contrary in Section 5(a)(i), any failure by Party A to comply with or perform any obligation to be complied with or performed by Party A under the Credit Support Annex shall not constitute an Event of Default under Section 5(a)(i) unless (A) a Required Ratings Downgrade Event has occurred and been continuing for 30 or more Local Business Days and (B) such failure is not remedied on or before the third Local Business Day after notice of such failure is given to Party A. |
(ii) | The “Breach of Agreement” provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B. |
(iii) | The “Credit Support Default” provisions of Section 5(a)(iii) will apply to Party A and will not apply to Party B except that Section 5(a)(iii)(1) will apply to Party B solely in respect of Party B’s obligations under Paragraph 3(b) of the Credit Support Annex; provided, however, that notwithstanding anything to the contrary in Section 5(a)(iii)(1), any failure by Party A to comply with or perform any obligation to be complied with or performed by Party A under the Credit Support Annex shall not constitute an Event of Default under Section 5(a)(iii) unless (A) a Required Ratings Downgrade Event has occurred and been continuing for 30 or more Local Business Days and (B) such failure is not remedied on or before the third Local Business Day after notice of such failure is given to Party A. |
(iv) | The “Misrepresentation” provisions of Section 5(a)(iv) will apply to Party A and will not apply to Party B. |
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(v) | The “Default under Specified Transaction” provisions of Section 5(a)(v) will apply to Party A and will not apply to Party B. |
(vi) | The “Cross Default” provisions of Section 5(a)(vi) will apply to Party A and will not apply to Party B. For purposes of Section 5(a)(vi), solely with respect to Party A: |
“Specified Indebtedness” will have the meaning specified in Section 14.
“Threshold Amount” means with respect to Party A three percent (3%) of the Stockholders’ Equity of Lehman Brothers Holdings Inc. (“Lehman Brothers Holdings Inc.” or “Holdings”), (or its equivalent in any other currency) or if applicable, another Eligible Guarantor.
“Stockholders’ Equity” means with respect to an entity, at any time, the sum (as shown in the most recent annual audited financial statements of such entity) of (i) its capital stock (including preferred stock) outstanding, taken at par value, (ii) its capital surplus and (iii) its retained earnings, minus (iv) treasury stock, each to be determined in accordance with generally accepted accounting principles.
(vii) | The “Bankruptcy” provisions of Section 5(a)(vii) will apply to Party A and will apply to Party B except that the provisions of Section 5(a)(vii)(2), (6) (to the extent that such provisions refer to any appointment contemplated or effected by the Pooling and Servicing Agreement or any appointment to which Party B has not become subject), (7) and (9) will not apply to Party B; provided that, with respect to Party B only, Section 5(a)(vii)(4) is hereby amended by adding after the words “against it” the words “(excluding any proceeding or petition instituted or presented by Party A or its Affiliates)”, and Section 5(a)(vii)(8) is hereby amended by deleting the words “to (7) inclusive” and inserting lieu thereof “, (3), (4) as amended, (5), or (6) as amended”. |
(viii) | The “Merger Without Assumption” provisions of Section 5(a)(viii) will apply to Party A and will apply to Party B. |
(d) Termination Events.
(i) The “Illegality” provisions of Section 5(b)(i) will apply to Party A and will apply to Party B.
(ii) | The “Tax Event” provisions of Section 5(b)(ii) will apply to Party A except that, for purposes of the application of Section 5(b)(ii) to Party A, Section 5(b)(ii) is hereby amended by deleting the words “(x) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (y)”, and the “Tax Event” provisions of Section 5(b)(ii) will apply to Party B. |
(iii) | The “Tax Event Upon Merger” provisions of Section 5(b)(iii) will apply to Party A and will apply to Party B, provided that Party A shall not be entitled to designate an Early Termination Date by reason of a Tax Event upon Merger in respect of which it is the Affected Party. |
(iv) | The “Credit Event Upon Merger” provisions of Section 5(b)(iv) will not apply to Party A and will not apply to Party B. |
(e) | The “Automatic Early Termination” provision of Section 6(a) will not apply to Party A and will not apply to Party B. |
(f) Payments on Early Termination. For the purpose of Section 6(e) of this Agreement:
(i) | Market Quotation will apply, provided, however, that, in the event of a Derivative Provider Trigger Event, the following provisions will apply: |
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(A) | The definition of Market Quotation in Section 14 shall be deleted in its entirety and replaced with the following: |
“Market Quotation” means, with respect to one or more Terminated Transactions, a Firm Offer which is (1) made by a Reference Market-maker that is an Eligible Replacement, (2) for an amount that would be paid to Party B (expressed as a negative number) or by Party B (expressed as a positive number) in consideration of an agreement between Party B and such Reference Market-maker to enter into a Replacement Transaction, and (3) made on the basis that Unpaid Amounts in respect of the Terminated Transaction or group of Transactions are to be excluded but, without limitation, any payment or delivery that would, but for the relevant Early Termination Date, have been required (assuming satisfaction of each applicable condition precedent) after that Early Termination Date is to be included.
(B) | The definition of Settlement Amount shall be deleted in its entirety and replaced with the following: |
“Settlement Amount” means, with respect to any Early Termination Date, an amount (as determined by Party B) equal to:
(a) | If a Market Quotation for the relevant Terminated Transaction or group of Terminated Transactions is accepted by Party B so as to become legally binding on or before the day falling ten Local Business Days after the day on which the Early Termination Date is designated, or such later day as Party B may specify in writing to Party A, but in either case no later than one Local Business Day prior to the Early Termination Date (such day, the “Latest Settlement Amount Determination Day”), the Termination Currency Equivalent of the amount (whether positive or negative) of such Market Quotation; |
(b) | If, on the Latest Settlement Amount Determination Day, no Market Quotation for the relevant Terminated Transaction or group of Terminated Transactions has been accepted by Party B so as to become legally binding and one or more Market Quotations from Approved Replacements have been made and remain capable of becoming legally binding upon acceptance, the Settlement Amount shall equal the Termination Currency Equivalent of the amount (whether positive or negative) of the lowest of such Market Quotations (for the avoidance of doubt, the lowest of such Market Quotations shall be the lowest Market Quotation of such Market Quotations expressed as a positive number or, if any of such Market Quotations is expressed as a negative number, the Market Quotation expressed as a negative number with the largest absolute value); or |
(c) | If, on the Latest Settlement Amount Determination Day, no Market Quotation for the relevant Terminated Transaction or group of Terminated Transactions is accepted by Party B so as to become legally binding and no Market Quotation from an Approved Replacement has been made and remains capable of becoming legally binding upon acceptance, the Settlement Amount shall equal Party B’s Loss (whether positive or negative and without reference to any Unpaid Amounts) for the relevant Terminated Transaction or group of Terminated Transactions. |
(C) | If Party B requests Party A in writing to obtain Market Quotations, Party A shall use its reasonable efforts to do so before the Latest Settlement Amount Determination Day. |
(D) | If the Settlement Amount is a negative number, Section 6(e)(i)(3) shall be deleted in its entirety and replaced with the following: |
“(3) Second Method and Market Quotation. If the Second Method and Market Quotation apply, (I) Party B shall pay to Party A an amount equal to the absolute value of the Settlement Amount in respect of the Terminated Transactions, (II) Party B shall pay to Party A the Termination Currency Equivalent of the Unpaid Amounts owing to Party A and (III) Party A shall pay to Party B the Termination Currency Equivalent of the Unpaid Amounts owing to Party B; provided, however, that (x) the amounts payable under the immediately preceding clauses (II) and (III) shall be subject to netting in accordance with Section 2(c) of this Agreement and (y) notwithstanding any other provision of this Agreement, any amount payable by Party A under the immediately preceding clause (III) shall not be netted-off against any amount payable by Party B under the immediately preceding clause (I).”
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(E) | At any time on or before the Latest Settlement Amount Determination Day at which two or more Market Quotations from Approved Replacements remain capable of becoming legally binding upon acceptance, Party B shall be entitled to accept only the lowest of such Market Quotations (for the avoidance of doubt, the lowest of such Market Quotations shall be the lowest Market Quotation of such Market Quotations expressed as a positive number or, if any of such Market Quotations is expressed as a negative number, the Market Quotation expressed as a negative number with the largest absolute value). |
(ii) | The Second Method will apply. |
(g) “Termination Currency” means USD.
(h) Additional Termination Events. Additional Termination Events will apply as provided in Part 5(c).
Part 2. Tax Matters.
(a) Tax Representations.
(i) | Payer Representations. For the purpose of Section 3(e) of this Agreement: None. |
(ii) Payee Representations. For the purpose of Section 3(f) of this Agreement:
(A) | Party A makes the following representation(s): Party A represents that it is a corporation duly organized and validly existing under the laws of the State of Delaware. |
(B) Party B makes the following representation(s): None.
(b) | Tax Provisions. |
(i) | Gross Up. Section 2(d)(i)(4) shall not apply to Party B as X, and Section 2(d)(ii) shall not apply to Party B as Y, in each case such that Party B shall not be required to pay any additional amounts referred to therein. |
(ii) | Indemnifiable Tax. The definition of “Indemnifiable Tax” in Section 14 is deleted in its entirety and replaced with the following: |
“Indemnifiable Tax” means, in relation to payments by Party A, any Tax and, in relation to payments by Party B, no Tax.
(iii) | Tax Representations in Confirmations. For purposes of Sections 2(d)(i)(4) and 3(f), any payee tax representation specified in a Confirmation under this Agreement shall be deemed to be specified in this Schedule. |
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Part 3. Agreement to Deliver Documents.
(a) For the purpose of Section 4(a)(i), tax forms, documents, or certificates to be delivered are:
Party required to deliver document | Form/Document/ Certificate | Date by which to be delivered | ||
Party A and Party B | Forms and/or documents described in Section 4(a)(iii) of the Agreement. | Upon reasonable demand by the other party. |
(b) For the purpose of Section 4(a)(ii), other documents to be delivered are:
Party required to deliver document | Form/Document/ Certificate | Date by which to be delivered | Covered by Section 3(d) Representation | |||
Party A and Party B | Any documents required by the receiving party to evidence the authority of the delivering party or its Credit Support Provider, if any, for it to execute and deliver the Agreement, this Confirmation, and any Credit Support Documents to which it is a party, and to evidence the authority of the delivering party or its Credit Support Provider to perform its obligations under the Agreement, this Confirmation and any Credit Support Document, as the case may be. | Upon the execution and delivery of this Agreement. | Yes | |||
Party A and Party B | A certificate of an authorized officer of the party, as to the incumbency and authority of the respective officers of the party signing the Agreement, this Confirmation, and any relevant Credit Support Document, as the case may be. | Upon the execution and delivery of this Agreement. | Yes | |||
Party A | Annual Report of Party A’s Credit Support Provider containing consolidated financial statements certified by independent certified public accountants and prepared in accordance with generally accepted accounting principles in the country in which Party A’s Credit Support Provider is organized. | Promptly upon becoming publicly available. | Yes | |||
Party A | Quarterly Financial Statements of Party A’s Credit Support Provider containing unaudited, consolidated financial statements of Party A’s fiscal quarter prepared in accordance with generally accepted accounting principles in the country in which Party A’s Credit Support Provider is organized. | Promptly upon becoming publicly available. | Yes |
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Party required to deliver document | Form/Document/ Certificate | Date by which to be delivered | Covered by Section 3(d) Representation | |||
Party A | An opinion of counsel to Party A and Party A’s Credit Support Provider substantially in the form of Exhibit B to this Schedule. | Upon the execution and delivery of this Agreement. | No | |||
Party B | Opinion(s) of counsel to Party B related to the Pooling and Servicing Agreement and other deal documents in the form reasonably acceptable to Party A. | Upon the execution and delivery of this Agreement. | No | |||
Party A | A guarantee of Lehman Brothers Holding Inc. substantially in the form of Exhibit A to this Schedule. | Upon the execution and delivery of this Agreement. | No | |||
Party B | Monthly Report. | At such time as each Monthly Report is delivered to Party B. | No | |||
Party B | Copy of any notice delivered to or by Party B under the Pooling and Servicing Agreement. | Promptly upon availability. | No | |||
Party B | Pooling and Servicing Agreement. | Promptly upon execution in final form. | No |
Part 4. Miscellaneous.
(a) | Address for Notices: For the purposes of Section 12(a) of this Agreement: |
Address for notices or communications to Party A:
Address: | Lehman Brothers Special Financing Inc. |
c/o Lehman Brothers Inc.
Corporate Advisory Division
Transaction Management Group
745 Seventh Avenue
New York, New York 10019
Attention: | Documentation Manager |
Telephone No.: | (212) 526-7187 |
Facsimile No.: | (212) 526-7672 |
(For all purposes)
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Address for notices or communications to Party B:
Address: | c/o Wilmington Trust Company |
Rodney Square North
1100 North Market Street
Wilmington, Delaware 19890-0001
Attention: | Corporate Trust Administration |
Telephone No.: | (302) 636-6119 |
Facsimile No.: | (302) 636-4148 |
With a copy to:
Address: | Deutsche Bank National Trust Company |
1761 E. Saint Andrew Place
Santa Ana, CA 92705
Attention: Trust Administration - IM07S3
Telephone No.: | (714) 247-6000 |
Facsimile No.: | (714) 247-6285 |
And With a copy to:
Address: | Ambac Assurance Corporation, One State Street Plaza, New York, NY 10004 |
Attention: Risk Management, Asset-Backed Securities
Facsimile: | (212) 480-3682 |
(For all purposes)
(b) Process Agent. For the purpose of Section 13(c):
Party A appoints as its Process Agent: Not applicable.
Party B appoints as its Process Agent: Not applicable.
(c) | Offices. The provisions of Section 10(a) will apply to this Agreement. |
(d) | Multibranch Party. For the purpose of Section 10(c) of this Agreement: |
Party A is not a Multibranch Party.
Party B is not a Multibranch Party. |
(e) | Calculation Agent. The Calculation Agent is Party A; provided, however, that if an Event of Default shall have occurred and is continuing with respect to Party A, Party B shall have the right to appoint a financial institution which shall qualify as Reference Market-maker to act as Calculation Agent until the discontinuance of the Event of Default with respect to Party A or the designation of an Early Termination Date under Section 6(c)(ii), reasonably acceptable to Party A, the cost for which shall be borne by Party A. |
(f) Credit Support Document.
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Party A: | The Credit Support Annex which supplements, forms part of, and is subject to this Agreement, and any guarantee in support of Party A’s obligations under this Agreement. |
Party B: The Credit Support Annex, solely in respect of Party B’s obligations under Paragraph 3(b) of the Credit Support Annex.
(g) | Credit Support Provider. |
Party A: The guarantor under any guarantee in support of Party A’s obligations under this Agreement.
Party B: None.
(h) | Governing Law. The parties to this Agreement hereby agree that the law of the State of New York shall govern their rights and duties in whole, without regard to the conflict of law provisions thereof other than New York General Obligations Law Sections 5-1401 and 5-1402. |
(i) | Netting of Payments. The parties agree that subparagraph (ii) of Section 2(c) will apply to each Transaction hereunder. |
(j) | Affiliate.“Affiliate” shall have the meaning assigned thereto in Section 14; provided, however, that Party B shall be deemed to have no Affiliates for purposes of this Agreement, including for purposes of Section 6(b)(ii); and provided further, that (except for the purpose of Part 1(c)(vii)) with respect to Party A, such definition shall be understood to exclude Lehman Brothers Derivative Products Inc. and Lehman Brothers Financial Products Inc. |
Part 5. Others Provisions.
(a) | Definitions. Unless otherwise specified in a Confirmation, this Agreement and each Transaction under this Agreement are subject to the 2000 ISDA Definitions as published and copyrighted in 2000 by the International Swaps and Derivatives Association, Inc. (the “Definitions”), and will be governed in all relevant respects by the provisions set forth in the Definitions, without regard to any amendment to the Definitions subsequent to the date hereof. The provisions of the Definitions are hereby incorporated by reference in and shall be deemed a part of this Agreement, except that (i) references in the Definitions to a “Swap Transaction” shall be deemed references to a “Transaction” for purposes of this Agreement, and (ii) references to a “Transaction” in this Agreement shall be deemed references to a “Swap Transaction” for purposes of the Definitions. Each term capitalized but not defined in this Agreement shall have the meaning assigned thereto in the Pooling and Servicing Agreement. |
In the event of any inconsistency among any of the following documents, the relevant document first listed shall govern: (i) the Confirmation, (ii) the Credit Support Annex; (iii) the Schedule, (iv) the Definitions and (v) the ISDA Master Agreement.
Each reference herein to a “Section” (unless specifically referencing the Pooling and Servicing Agreement) or to a “Section” “of this Agreement” will be construed as a reference to a Section of the ISDA Master Agreement; each herein reference to a “Part” will be construed as a reference to the provisions herein deemed incorporated in a Schedule to the ISDA Master Agreement; each reference herein to a “Paragraph” will be construed as a reference to a Paragraph of the Credit Support Annex.
(b) Amendments to ISDA Master Agreement.
(i) | Single Agreement. Section 1(c) is hereby amended by the adding the words “including, for the avoidance of doubt, the Credit Support Annex” after the words “Master Agreement”. |
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(ii) | Representations. Section 3 is hereby amended by adding at the end thereof the following subsection (g): |
“(g) | Relationship Between Parties. |
(1) | Nonreliance. In connection with the negotiation of, the entering into, and the execution of, this Agreement, any Credit Support Document to which it is a party, and each Transaction hereunder, each party acknowledges and agrees that: (i) It is not relying on any statement or representation of the other party regarding this Agreement, any Credit Support Document to which it is a party and each Transaction hereunder (whether written or oral), other than the representations expressly made in this Agreement, such Credit Support Document or the Confirmation in respect of that Transaction, it being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction; (ii) it has not received from the other party any assurance or guarantee as to the expected results of any Transaction; and (iii) it has consulted with its own legal, regulatory, tax, business, investment, financial and accounting advisors to the extent it has deemed necessary, and it has made its own investment, hedging and trading decisions based upon its own judgment and upon any advice from such advisors as it has deemed necessary and not upon any view expressed by the other party. |
(2) | Evaluation and Understanding. (i) It has the capacity to evaluate (internally or through independent professional advice) the Transaction and has made its own decision to enter into the Transaction and (ii) It understands the terms, conditions and risks of the Transaction and is willing and able to accept those terms and conditions and to assume those risks, financially and otherwise. |
(3) | Purpose. It is entering into the Transaction for the purposes of managing its borrowings or investments, hedging its underlying assets or liabilities or in connection with a line of business. |
(4) | Status of Parties. The other party is not acting as an agent, fiduciary or advisor for it in respect of the Transaction. |
(5) | Eligible Contract Participant. It is an “eligible swap participant” as such term is defined in, Section 35.1(b)(2) of the regulations (17 C.F.R. 35) promulgated under, and an “eligible contract participant” as defined in Section 1(a)(12) of the Commodity Exchange Act, as amended. |
(iii) | Transfer to Avoid Termination Event. Section 6(b)(ii) is hereby amended by (i) deleting the words “or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party,” and (ii) by deleting the words “to transfer” and inserting the words “to effect a Permitted Transfer” in lieu thereof. |
(iv) | Jurisdiction. Section 13(b) is hereby amended by: (i) deleting in the second line of subparagraph (i) thereof the word "non-", (ii) deleting “; and” from the end of subparagraph (i) and inserting “.” in lieu thereof, and (iii) deleting the final paragraph thereof. |
(v) | Local Business Day. The definition of Local Business Day in Section 14 is hereby amended by the addition of the words “or any Credit Support Document” after “Section 2(a)(i)” and the addition of the words “or Credit Support Document” after “Confirmation”. |
(c) | Additional Termination Events. The following Additional Termination Events will apply: |
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(i) | First Rating Trigger Collateral. If (A) it is not the case that a Moody’s Second Trigger Ratings Event has occurred and been continuing for 30 or more Local Business Days and (B) Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Annex, then an Additional Termination Event shall have occurred with respect to Party A and Party A shall be the sole Affected Party with respect to such Additional Termination Event. |
(ii) | Second Rating Trigger Replacement. If (A) a Required Ratings Downgrade Event has occurred and been continuing for 30 or more Local Business Days and (B) (i) at least one Eligible Replacement has made a Firm Offer to be the transferee of all of Party A’s rights and obligations under this Agreement (and such Firm Offer remains an offer that will become legally binding upon such Eligible Replacement upon acceptance by the offeree) and/or (ii) an Eligible Guarantor has made a Firm Offer to provide an Eligible Guarantee (and such Firm Offer remains an offer that will become legally binding upon such Eligible Guarantor immediately upon acceptance by the offeree), then an Additional Termination Event shall have occurred with respect to Party A and Party A shall be the sole Affected Party with respect to such Additional Termination Event. |
(iii) | Amendment of Pooling and Servicing Agreement. If, without the prior written consent of Party A , where such consent is required under the Pooling and Servicing Agreement (such consent not to be unreasonably withheld), an amendment is made to the Pooling and Servicing Agreement which amendment could reasonably be expected to have a material adverse effect on the interests of Party A, (excluding, for the avoidance of doubt, any amendment to the Pooling and Servicing Agreement that is entered into solely for the purpose of appointing a successor servicer, master servicer, securities administrator, trustee or other service provider) under this Agreement, an Additional Termination Event shall have occurred with respect to Party B and Party B shall be the sole Affected Party with respect to such Additional Termination Event. |
(iv) | Inability to pay Class A Certificates. Solely with respect to the Transaction with Reference Number Risk ID: 1505159L / Effort ID: N1348743 / Global Deal ID: 3023486, if the Trustee fails or admits in writing its inability to pay (a) on any Distribution Date, any related Monthly Interest Distributable Amount with respect to its Class A Certificates or (b) on the Distribution Date immediately following the maturity date of the Mortgage Loan with the latest maturity date, the ultimate payment of principal with respect to its Class A Certificates, in either case to the extent required pursuant to the terms of the Pooling and Servicing Agreement to be paid to the Class A Certificates, then an Additional Termination Event shall have occurred with respect to Party B with Party B as the sole Affected Party with respect to such Additional Termination Event. |
(d) | Required Ratings Downgrade Event. In the event that no Relevant Entity has credit ratings at least equal to the Required Ratings Threshold, then Party A shall, as soon as reasonably practicable and so long as a Required Ratings Downgrade Event is in effect, at its own expense, using commercially reasonable efforts, procure either (A) a Permitted Transfer or (B) an Eligible Guarantee. |
(e) | Item 1115 Agreement. Party A and Party B hereby agree that the terms of the Item 1115 Agreement, dated as of April 30, 2007 (the “Item 1115 Agreement”), among Impac Funding Corporation (“Sponsor”), Impac Secured Assets Corp. (“Depositor”) and Lehman Brothers Special Financing Inc. (the “Derivative Provider”), shall be incorporated by reference into this Agreement and Party B shall be an express third party beneficiary of the Item 1115 Agreement. A copy of the Item 1115 Agreement is annexed hereto at Exhibit E. |
(f) | Transfers. |
(i) Section 7 is hereby amended to read in its entirety as follows:
“Except with respect to any Permitted Transfer pursuant to Section 6(b)(ii), Part 5(d), the Item 1115 Agreement, or the succeeding sentence, neither Party A nor Party B is permitted to assign, novate or transfer (whether by way of security or otherwise) as a whole or in part any of its rights, obligations or interests under the Agreement or any Transaction unless (a) the prior written consent of the other party is obtained, and (b) the Rating Agency Condition has been satisfied with respect to S&P. At any time at which no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold, Party A may make a Permitted Transfer.”
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(ii) | If an Eligible Replacement has made a Firm Offer (which remains an offer that will become legally binding upon acceptance by Party B) to be the transferee pursuant to a Permitted Transfer, Party B shall, at Party A’s written request and at Party A’s expense, take any reasonable steps required to be taken by Party B to effect such transfer. |
(g) | Non-Recourse. Party A acknowledges and agrees that, notwithstanding any provision in this Agreement to the contrary, the obligations of Party B hereunder are limited recourse obligations of Party B, payable solely from the Supplemental Interest Trust and the proceeds thereof, in accordance with the priority of payments and other terms of the Pooling and Servicing Agreement and that Party A will not have any recourse to any of the directors, officers, employees, agents, shareholders or affiliates of the Party B with respect to any claims, losses, damages, liabilities, indemnities or other obligations in connection with any transactions contemplated hereby. In the event that the Supplemental Interest Trust and the proceeds thereof, should be insufficient to satisfy all claims outstanding and following the realization of the account held by the Supplemental Interest Trust and the proceeds thereof, any claims against or obligations of Party B under the ISDA Master Agreement or any other confirmation thereunder still outstanding shall be extinguished and thereafter not revive. The Supplemental Interest Trust Trustee shall not have liability for any failure or delay in making a payment hereunder to Party A due to any failure or delay in receiving amounts in the account held by the Supplemental Interest Trust from the Trust created pursuant to the Pooling and Servicing Agreement. Nothing in this Part 5(g) shall preclude Party A from declaring an Event of Default or Termination Event as set forth in this Agreement. |
(h) | Timing of Payments by Party B upon Early Termination. Notwithstanding anything to the contrary in Section 6(d)(ii), to the extent that all or a portion (in either case, the “Unfunded Amount”) of any amount that is calculated as being due in respect of any Early Termination Date under Section 6(e) from Party B to Party A will be paid by Party B from amounts other than any upfront payment paid to Party B by an Eligible Replacement that has entered a Replacement Transaction with Party B, then such Unfunded Amount shall be due on the next subsequent Distribution Date following the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii), and on any subsequent Distribution Dates until paid in full (or if such Early Termination Date is the final Distribution Date, on such final Distribution Date); provided, however, that if the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii) is a Distribution Date, such payment will be payable on such Distribution Date. |
(i) | Rating Agency Notifications. Notwithstanding any other provision of this Agreement, no Early Termination Date shall be effectively designated hereunder by Party B and no transfer of any rights or obligations under this Agreement shall be made by either party unless each Swap Rating Agency has been given prior written notice of such designation or transfer. |
(j) | No Set-off. Except as expressly provided for in Section 2(c), Section 6 or Part 1(f)(i)(D) hereof and notwithstanding any other provision of this Agreement or any other existing or future agreement, each party irrevocably waives any and all rights it may have to set off, net, recoup or otherwise withhold or suspend or condition payment or performance of any obligation between it and the other party hereunder against any obligation between it and the other party under any other agreements. Section 6(e) shall be amended by deleting the following sentence: “The amount, if any, payable in respect of an Early Termination Date and determined pursuant to this Section will be subject to any Set-off.”. |
(k) | Amendment. Notwithstanding any provision to the contrary in this Agreement, no amendment of either this Agreement or any Transaction under this Agreement shall be permitted by either party unless each of the Swap Rating Agencies has been provided prior written notice of the same and such amendment satisfies the Rating Agency Condition with respect to S&P. |
(l) | Notice of Certain Events or Circumstances. Each Party agrees, upon learning of the occurrence or existence of any event or condition that constitutes (or that with the giving of notice or passage of time or both would constitute) an Event of Default or Termination Event with respect to such party, promptly to give the other Party and to each Swap Rating Agency notice of such event or condition; provided that failure to provide notice of such event or condition pursuant to this Part 5(l) shall not constitute an Event of Default or a Termination Event. |
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(m) Proceedings. No Relevant Entity shall institute against, or cause any other person to institute against Party B, the Supplemental Interest Trust, or the trust formed pursuant to the Pooling and Servicing Agreement, in any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any federal or state bankruptcy or similar law for a period of one year (or, if longer, the applicable preference period) and one day following payment in full of the Certificates and any Notes; provided, that this provision shall not restrict or prohibit Party A from joining any other person, including, without limitation, the Trustee, in any bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceedings already commenced or other analogous proceedings already commenced under applicable law. This provision will survive the termination of this Agreement.
(n) Supplemental Interest Trust Trustee Liability Limitations. It is expressly understood and agreed by the parties hereto that (a) this Agreement is executed by Deutsche Bank National Trust Company (“Deutsche”) not in its individual capacity, but solely as Supplemental Interest Trust Trustee under the Pooling and Servicing Agreement in the exercise of the powers and authority conferred and invested in it thereunder; (b) Deutsche has been directed pursuant to the Pooling and Servicing Agreement to enter into this Agreement and to perform its obligations hereunder; (c) each of the representations, undertakings and agreements herein made on behalf of the Supplemental Interest Trust is made and intended not as personal representations of the Supplemental Interest Trust Trustee but is made and intended for the purpose of binding only the Supplemental Interest Trust; and (d) nothing herein contained shall be construed as creating any liability on Deutsche Bank National Trust Company, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties who are signatories to this Agreement and by any person claiming by, through or under such parties and (e) under no circumstances shall Deutsche Bank National Trust Company be personally liable for the payment of any indemnity, indebtedness, fees or expenses of the Trust or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Trust under this Agreement.
(o) | Severability. If any term, provision, covenant, or condition of this Agreement, or the application thereof to any party or circumstance, shall be held to be invalid or unenforceable (in whole or in part) in any respect, the remaining terms, provisions, covenants, and conditions hereof shall continue in full force and effect as if this Agreement had been executed with the invalid or unenforceable portion eliminated, so long as this Agreement as so modified continues to express, without material change, the original intentions of the parties as to the subject matter of this Agreement and the deletion of such portion of this Agreement will not substantially impair the respective benefits or expectations of the parties; provided, however, that this severability provision shall not be applicable if any provision of Section 2, 5, 6, or 13 (or any definition or provision in Section 14 to the extent it relates to, or is used in or in connection with any such Section) shall be so held to be invalid or unenforceable. |
The parties shall endeavor to engage in good faith negotiations to replace any invalid or unenforceable term, provision, covenant or condition with a valid or enforceable term, provision, covenant or condition, the economic effect of which comes as close as possible to that of the invalid or unenforceable term, provision, covenant or condition.
(p) | Agent for Party B. Party A acknowledges that the Depositor has appointed the Supplemental Interest Trust Trustee as agent pursuant to the Pooling and Servicing Agreement, to carry out certain functions on behalf of Party B, and that the Supplemental Interest Trust Trustee shall be entitled to give notices and to perform and satisfy the obligations of Party B hereunder on behalf of Party B. |
(q) | Escrow Payments. If (whether by reason of the time difference between the cities in which payments are to be made or otherwise) it is not possible for simultaneous payments to be made on any date on which both parties are required to make payments hereunder, either Party may at its option and in its sole discretion notify the other Party that payments on that date are to be made in escrow. In this case deposit of the payment due earlier on that date shall be made by 2:00 pm (local time at the place for the earlier payment) on that date with an escrow agent selected by the notifying party, accompanied by irrevocable payment instructions (i) to release the deposited payment to the intended recipient upon receipt by the escrow agent of the required deposit of any corresponding payment payable by the other party on the same date accompanied by irrevocable payment instructions to the same effect or (ii) if the required deposit of the corresponding payment is not made on that same date, to return the payment deposited to the party that paid it into escrow. The party that elects to have payments made in escrow shall pay all costs of the escrow arrangements. |
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(r) | Consent to Recording. Each party hereto consents to the monitoring or recording, at any time and from time to time, by the other party of any and all communications between trading, marketing, and operations personnel of the parties and their Affiliates, waives any further notice of such monitoring or recording. Promptly upon the request by a party, the other party will provide a copy of such recording to the party making the request. |
(s) | Waiver of Jury Trial. Each party waives any right it may have to a trial by jury in respect of any suit, action or proceeding relating to this Agreement, any Transaction or any Credit Support Document and acknowledges that this waiver is a material inducement to the other party’s entering into this agreement and each transaction hereunder. |
(t) | Form of ISDA Master Agreement. Party A and Party B hereby agree that the text of the body of the ISDA Master Agreement is intended to be the printed form of the ISDA Master Agreement (Multicurrency - Crossborder) as published and copyrighted in 1992 by the International Swaps and Derivatives Association, Inc. |
(u) | Additional representations. |
(i) Party A represents to Party B on the date on which Party A enters into each Transaction and this Agreement that it is entering into the Agreement and each Transaction as principal and not as agent of any person. |
(ii) The Supplemental Interest Trust Trustee represents to Party A on the date on which the Supplemental Interest Trust Trustee executes this Agreement that it is executing the Agreement in its capacity as Supplemental Interest Trust Trustee.
(v) | Acknowledgements. |
(i) | Substantial financial transactions. Each party hereto is hereby advised and acknowledges as of the date hereof that the other party has engaged in (or refrained from engaging in) substantial financial transactions and has taken (or refrained from taking) other material actions in reliance upon the entry by the parties into the Transaction being entered into on the terms and conditions set forth herein and in the Pooling and Servicing Agreement relating to such Transaction, as applicable. This paragraph shall be deemed repeated on the trade date of each Transaction. |
(ii) | Bankruptcy Code. Subject to Part 5(m), without limiting the applicability if any, of any other provision of the U.S. Bankruptcy Code as amended (the “Bankruptcy Code”) (including without limitation Sections 362, 546, 556, and 560 thereof and the applicable definitions in Section 101 thereof), the parties acknowledge and agree that all Transactions entered into hereunder will constitute “forward contracts” or “swap agreements” as defined in Section 101 of the Bankruptcy Code or “commodity contracts” as defined in Section 761 of the Bankruptcy Code, that the rights of the parties under Section 6 of this Agreement will constitute contractual rights to liquidate Transactions, that any margin or collateral provided under any margin, collateral, security, pledge, or similar agreement related hereto will constitute a “margin payment” as defined in Section 101 of the Bankruptcy Code, and that the parties are entities entitled to the rights under, and protections afforded by, Sections 362, 546, 556, and 560 of the Bankruptcy Code. |
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(w) | Limitation on Events of Default. Solely with respect to the Transaction with Reference Number Risk ID: 1505111L / Effort ID: N1348676 / Global Deal ID: 3023391 (the “Cap Transaction”), and notwithstanding the provisions of Sections 5 and 6, if at any time and so long as Party B has satisfied in full all its payment obligations under Section 2(a)(i) in respect of the Cap Transaction and has at the time no future payment obligations, whether absolute or contingent, under such Section in respect of the Cap Transaction, then unless Party A is required pursuant to appropriate proceedings to return to Party B or otherwise returns to Party B upon demand of Party B any portion of any such payment in respect of the Cap Transaction, (a) the occurrence of an event described in Section 5(a) with respect to Party B shall not constitute an Event of Default or Potential Event of Default with respect to Party B as Defaulting Party in respect of the Cap Transaction and (b) Party A shall be entitled to designate an Early Termination Date pursuant to Section 6 in respect of the Cap Transaction only as a result of the occurrence of a Termination Event set forth in either Section 5(b)(i) or 5(b)(ii) with respect to Party A as the Affected Party, or Section 5(b)(iii) with respect to Party A as the Burdened Party. Party A acknowledges and agrees that Party B’s only payment obligation under Section 2(a)(i) in respect of the Cap Transaction is to pay the related Fixed Amount on the related Fixed Amount Payer Payment Date. |
(x) | Optional Termination. Upon the occurrence of a termination of the Trust Fund pursuant to Section 9.01 (the “Optional Termination”) of the Pooling and Servicing Agreement: |
(a) Party B hereby assigns all of its rights and delegates all of its liabilities and obligations to Impac Mortgage Holdings, Inc., and Impac Mortgage Holdings, Inc. hereby assumes all of Party B’s rights, liabilities, and obligations, under the New Transaction and the New Confirmation arising on or after the final Payment Date under the Pooling and Servicing Agreement (such date, the “Optional Termination Payment Date”; such transaction and confirmation, collectively, the “Assigned Transaction”). The Assigned Transaction shall be governed by and form part of an agreement in the form of a 1992 ISDA Master Agreement between Party A and Impac Mortgage Holdings, Inc., dated as of April 26, 2001, as amended and supplemented from time to time. Party A hereby consents to the assignment and delegation by Party B of all of its rights, liabilities, and obligations under the Assigned Transaction to Impac Mortgage Holdings, Inc.;
(b) Party A and Party B hereby release one another from all liabilities and obligations owed under and in respect of the Assigned Transaction, and Party B hereby terminates its rights under and in respect of the Assigned Transaction;
(c) Party A hereby agrees that Impac Mortgage Holdings, Inc. may do one of the following with the Assigned Transaction:
(i) retain such Assigned Transaction;
(ii) further assign all of its rights and delegate all of its liabilities and obligations under the Assigned Transaction to a third party, such assignment and delegation to be effective upon the receipt of written consent thereto from Party A (in its sole and absolute discretion); or
(iii) terminate the Assigned Transaction by giving three Business Days’ prior written notice to Party A (the “Optional Termination Date”). On such Optional Termination Date, if any, a termination payment (if any) shall be payable by Impac Mortgage Holdings, Inc. or Party A, as applicable, as determined by the Calculation Agent by the application of Section 6(e)(ii) of the Agreement, with Market Quotation and Second Method being the applicable method for determining the termination payment. The exercise of the right to terminate under this provision shall not be an Event of Default under any of the other Transactions that are part of the Old Agreement or the New Agreement. For purposes of the Optional Termination Date, Impac Mortgage Holdings, Inc. shall be the sole Affected Party.
(z) | Insurer as Third Party Beneficiary. The parties hereto acknowledge and agree that Ambac Assurance Corporation shall be an express third-party beneficiary of this Agreement and shall be entitled to rely on (and enforce) the representations, warranties, covenants and obligations as set forth herein. |
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(aa) | Notices to Insurer. Each of Party A and Party B acknowledges and agrees that a copy of each written default and/or termination notice sent to the other party hereto with respect to this Agreement shall be sent to the Ambac Assurance Corporation at its address as set forth herein. |
(bb) | No Violation or Conflict Representation. Section 3(a)(iii) is hereby amended by inserting in the second line thereof after the words “constitutional documents” and before the words “, any order or judgment” the phrase “(including, but not limited to, the Pooling and Servicing Agreement as amended,).”; provided, such amendment shall be applicable only with respect to the Representations of Party B. |
(cc) | Accuracy of Specified Information. Section 3(d) is hereby amended by inserting in the third line thereof after the words “in every material respect” and before the period the phrase “or, in the case of audited or unaudited financial statements, a fair presentation, in all material respects, of the financial condition of the relevant person.” |
(dd) | Party A as Third-Party Beneficiary. Party B consents to Party A that Party A shall be an express third-party beneficiary of the Pooling and Servicing Agreement. |
(ee) | Notices. For the purposes of subsections (iii) and (v) of Section 12(a), the date of receipt shall be presumed to be the date sent if sent on a Local Business Day or, if not sent on a Local Business Day, the date of receipt shall be presumed to be the first Local Business Day following the date sent. |
(ee) | Service of Process. The third sentence of Section 13(c) shall be amended by adding the following language at the end thereof: "if permitted in the jurisdiction where the proceedings are initiated and in the jurisdiction where service is to be made." |
(ff) Additional Definitions.
As used in this Agreement, the following terms shall have the meanings set forth below, unless the context clearly requires otherwise:
“Approved Ratings Threshold” means each of the S&P Approved Ratings Threshold and the Moody’s First Trigger Ratings Threshold.
“Approved Replacement” means, with respect to a Market Quotation, an entity making such Market Quotation, which entity would satisfy conditions (a), (b), (c) and (d) of the definition of Permitted Transfer (as determined by Party B in its sole discretion, acting in a commercially reasonable manner) if such entity were a Transferee, as defined in the definition of Permitted Transfer.
“Derivative Provider Trigger Event” means (i) an Event of Default with respect to which Party A is a Defaulting Party, (ii) a Termination Event with respect to which Party A is the sole Affected Party or (iii) an Additional Termination Event with respect to which Party A is the sole Affected Party.
“Eligible Guarantee” means an unconditional and irrevocable guarantee of all present and future obligations of Party A (or an Eligible Replacement) to Party B under this Agreement that (a) is in a form identical to the attached hereto as Exhibit A, or (b) is provided by an Eligible Guarantor as principal debtor rather than surety and that is directly enforceable by Party B, the form and substance of which guarantee is identical to that attached hereto as Exhibit A (except for the name, address and the jurisdiction of the guarantor), notice of which has been given to each Swap Rating Agency, or that otherwise satisfies the Rating Agency Condition with respect to S&P, and either (A) a law firm has given a legal opinion confirming that none of the guarantor’s payments to Party B under such guarantee will be subject to Tax collected by withholding or (B) such guarantee provides that, in the event that any of such guarantor’s payments to Party B are subject to Tax collected by withholding, such guarantor is required to pay such additional amount as is necessary to ensure that the net amount actually received by Party B (free and clear of any Tax collected by withholding) will equal the full amount Party B would have received had no such withholding been required.
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“Eligible Guarantor” means an entity that (A) has credit ratings from S&P at least equal to the S&P Approved Ratings Threshold and (B) has credit ratings from Moody’s at least equal to the Moody’s Second Trigger Ratings Threshold, including without limitation, Holdings for so long as Holdings has such credit ratings. An Eligible Guarantor shall provide to Party B in writing all credit ratings described in this definition, upon request of Party B.
“Eligible Replacement” means an entity (A) (i) (a) that has credit ratings from S&P at least equal to the S&P Approved Ratings Threshold, and (b) has credit ratings from Moody’s at least equal to the Moody’s Second Trigger Ratings Threshold, or (ii) the present and future obligations (for the avoidance of doubt, not limited to payment obligations) of which entity to Party B under this Agreement are guaranteed pursuant to an Eligible Guarantee and (B) that has executed an Item 1115 Agreement with Depositor. An Eligible Replacement shall provide to Party B in writing all credit ratings described in this definition, upon request of Party B.
“Estimated Swap Termination Payment” means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.
“Firm Offer” means (A) with respect to an Eligible Replacement, a quotation from such Eligible Replacement (i) in an amount equal to the actual amount payable by or to Party B in consideration of an agreement between Party B and such Eligible Replacement to replace Party A as the counterparty to this Agreement by way of novation or, if such novation is not possible, an agreement between Party B and such Eligible Replacement to enter into a Replacement Transaction (assuming that all Transactions hereunder become Terminated Transactions), and (ii) that constitutes an offer by such Eligible Replacement to replace Party A as the counterparty to this Agreement or enter a Replacement Transaction that will become legally binding upon such Eligible Replacement upon acceptance by Party B, and (B) with respect to an Eligible Guarantor, an offer by such Eligible Guarantor to provide an Eligible Guarantee that will become legally binding upon such Eligible Guarantor upon acceptance by the offeree.
“Moody’s” means Moody’s Investors Service, Inc., or any successor thereto.
“Moody’s First Trigger Ratings Event” means that no Relevant Entity has credit ratings from Moody’s at least equal to the Moody’s First Trigger Ratings Threshold.
“Moody’s First Trigger Ratings Threshold” means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.
“Moody’s Second Trigger Ratings Event” means that no Relevant Entity has credit ratings from Moody’s at least equal to the Moody’s Second Trigger Ratings Threshold.
“Moody’s Second Trigger Ratings Threshold” means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.
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“Permitted Transfer” means a transfer by novation by Party A pursuant to Section 6(b)(ii), Part 5(d), the Item 1115 Agreement, or the second sentence of Section 7 (as amended herein) to a transferee (the “Transferee”) of all, but not less than all, of Party A’s rights, liabilities, duties and obligations under this Agreement, with respect to which transfer each of the following conditions is satisfied: (a) the Transferee is an Eligible Replacement; (b) Party A and the Transferee are both “dealers in notional principal contracts” within the meaning of Treasury regulations section 1.1001-4; (c) as of the date of such transfer the Transferee would not be required to withhold or deduct on account of Tax from any payments under this Agreement or would be required to gross up for such Tax under Section 2(d)(i)(4); (d) an Event of Default or Termination Event would not occur as a result of such transfer; (e) pursuant to a written instrument (the “Transfer Agreement”), the Transferee acquires and assumes all rights and obligations of Party A under the Agreement and the relevant Transaction; (f) Party B shall have determined in its sole discretion, such Transfer Agreement relates to all, but not less than all, of Party A’s rights and obligations under the Agreement and all relevant Transactions; (g) Party A will be responsible for any costs or expenses incurred in connection with such transfer (including any replacement cost of entering into a replacement transaction); (h) each Swap Rating Agency has been given prior written notice of such transfer and such transfer is in connection with the assignment and assumption of this Agreement without modification of its terms, other than party names, dates relevant to the effective date of such transfer, tax representations (provided that the representations in Part 2(a)(i) are not modified) and any other representations regarding the status of the substitute counterparty of the type included in Part 5(b)(iv), Part 5(v)(i)(2) or Part 5(v)(ii), notice information and account details, and (i) such transfer otherwise complies with the terms of the Pooling and Servicing Agreement.
“Rating Agency Condition” means, with respect to any particular proposed act or omission to act hereunder and each Swap Rating Agency specified in connection with such proposed act or omission, that the party acting or failing to act must consult with each of the specified Swap Rating Agencies and receive from each such Swap Rating Agency a prior written confirmation that the proposed action or inaction would not cause a downgrade or withdrawal of the then-current rating of any Certificates or Notes.
“Relevant Entity” means Party A and, to the extent applicable, a guarantor under an Eligible Guarantee.
“Replacement Transaction” means, with respect to any Terminated Transaction or group of Terminated Transactions, a transaction or group of transactions that (i) would have the effect of preserving for Party B the economic equivalent of any payment or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that Date, and (ii) has terms which are substantially the same as this Agreement, including, without limitation, rating triggers, Regulation AB compliance, and credit support documentation, save for the exclusion of provisions relating to Transactions that are not Terminated Transaction, as determined by Party B in its sole discretion, acting in a commercially reasonable manner.
“Required Ratings Downgrade Event” means that no Relevant Entity has credit ratings at least equal to the Required Ratings Threshold.
“Required Ratings Threshold” means each of the S&P Required Ratings Threshold and the Moody’s Second Trigger Ratings Threshold.
“S&P” means Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc., or any successor thereto.
“S&P Approved Ratings Threshold” means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a short-term unsecured and unsubordinated debt rating from S&P of “A-1”, or, if such entity does not have a short-term unsecured and unsubordinated debt rating from S&P, a long-term unsecured and unsubordinated debt rating or counterparty rating from S&P of “A+”.
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“S&P Required Ratings Threshold” means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a long-term unsecured and unsubordinated debt rating or counterparty rating from S&P of “BBB+”.
“Swap Rating Agencies” means, with respect to any date of determination, each of S&P and Moody’s, to the extent that each such rating agency is then providing a rating for any of the Impac Trust 2007-3, Mortgage Pass-Through Certificates, Series 2007-3 (the “Certificates”) or any notes backed by the Certificates (the “Notes”).
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LEHMAN BROTHERS SPECIAL FINANCING INC. | DEUTSCHE BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL INTEREST TRUST TRUSTEE (THE “SUPPLEMENTAL INTEREST TRUST TRUSTEE”) WITH RESPECT TO THE SUPPLEMENTAL INTEREST TRUST RELATING TO IMPAC SECURED ASSETS TRUST 2007-3, IMPAC SECURED ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-3 (THE “TRUST” AND “PARTY B”) | |
(Name of Party) | (Name of Party) | |
Name: | Name: | |
Title: | Title: | |
Date: | Date: | |
IMPAC MORTGAGE HOLDINGS, INC. | ||
(Name of Party) | ||
Name: | ||
Title: | ||
Date: |
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Exhibit A
GUARANTEE OF LEHMAN BROTHERS HOLDINGS INC.
LEHMAN BROTHERS SPECIAL FINANCING INC. (“Party A”) and Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee with respect to the Supplemental Interest Trust relating to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3 (“Party B”) have entered into a Master Agreement dated as of April 30, 2007, as amended from time to time (the “Master Agreement”), pursuant to which Party A and Party B have entered and/or anticipate entering into one or more transactions (each a “Transaction”), the Confirmation of each of which supplements, forms part of, and will be read and construed as one with, the Master Agreement (collectively referred to as the “Agreement”). This Guarantee is a Credit Support Document as contemplated in the Agreement. For value received, and in consideration of the financial accommodation accorded to Party A by Party B under the Agreement, LEHMAN BROTHERS HOLDINGS INC., a corporation organized and existing under the laws of the State of Delaware (“Guarantor”), hereby agrees to the following:
(a) Guarantor hereby unconditionally guarantees to Party B the due and punctual payment of all amounts payable by Party A in connection with each Transaction when and as Party A’s obligations thereunder shall become due and payable in accordance with the terms of the Agreement (whether at maturity, by acceleration or otherwise). Guarantor hereby agrees, upon written demand by Party B, to pay or cause to be paid any such amounts punctually when and as the same shall become due and payable.
(b) Guarantor hereby agrees that its obligations under this Guarantee constitute a guarantee of payment when due and not of collection.
(c) Guarantor hereby agrees that its obligations under this Guarantee shall be unconditional, irrespective of the validity, regularity or enforceability of the Agreement against Party A (other than as a result of the unenforceability thereof against Party B), the absence of any action to enforce Party A’s obligations under the Agreement, any waiver or consent by Party B with respect to any provisions thereof, the entry by Party A and Party B into any amendments to the Agreement, additional Transactions under the Agreement or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor (excluding the defense of payment or statute of limitations, neither of which is waived) provided, however, that Guarantor shall be entitled to exercise any right that Party A could have exercised under the Agreement to cure any default in respect of its obligations under the Agreement or to setoff, counterclaim or withhold payment in respect of any Event of Default or Potential Event of Default in respect of Party B or any Affiliate, but only to the extent such right is provided to Party A under the Agreement. The Guarantor acknowledges that Party A and Party B may from time to time enter into one or more Transactions pursuant to the Agreement and agrees that the obligations of the Guarantor under this Guarantee will upon the execution of any such Transaction by Party A and Party B extend to all such Transactions without the taking of further action by the Guarantor.
(d) This Guarantee shall remain in full force and effect until the first to occur of (i) receipt by Party B of a written notice of termination from Guarantor or (ii) none of the obligations of Party A remain outstanding. Termination of this Guarantee shall not affect Guarantor’s liability hereunder as to obligations incurred or arising out of Transactions entered into prior to the termination hereof.
(e) Guarantor further agrees that this Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time, payment, or any part thereof, of any obligation or interest thereon is rescinded or must otherwise be restored by Party B upon an Event of Default as set forth in Section 5(a)(vii) of the Master Agreement affecting Party A or Guarantor.
(f) Guarantor hereby waives (i) promptness, diligence, presentment, demand of payment, protest, order and, except as set forth in paragraph (a) hereof, notice of any kind in connection with the Agreement and this Guarantee, or (ii) any requirement that Party B exhaust any right to take any action against Party A or any other person prior to or contemporaneously with proceeding to exercise any right against Guarantor under this Guarantee.
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This Guarantee shall be governed by and construed in accordance with the laws of the State of New York without regard to conflicts of laws principles. All capitalized terms not defined in this Guarantee, but defined in the Agreement, shall have the meanings assigned thereto in the Agreement.
IN WITNESS WHEREOF, Guarantor has caused this Guarantee to be executed by its duly authorized officer as of the date of the Agreement.
LEHMAN BROTHERS HOLDINGS INC. | |
By: __________________________________ | |
Name: | |
Title: | |
Date: |
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EXHIBIT B to Schedule
[Form of Opinion of Counsel for
Lehman Brothers Special Financing Inc. and
Lehman Brothers Holdings Inc.]
[date]
[COUNTERPARTY NAME]
[COUNTERPARTY ADDRESS]
Ladies and Gentlemen:
I have acted as counsel to Lehman Brothers Special Financing Inc., a Delaware corporation (“Party A”), and Lehman Brothers Holdings Inc., a Delaware corporation (“Guarantor”), and am familiar with matters pertaining to the execution and delivery of the Master Agreement (the “Master Agreement”) dated as of April 30, 2007, between Party A and Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee with respect to the Supplemental Interest Trust relating to the Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3, and the guarantee of Guarantor (the “Guarantee”) delivered in connection with the Master Agreement.
In connection with this opinion, I have examined, or have had examined on my behalf, an executed copy of the Master Agreement and the Guarantee, certificates and statements of public officials and officers of Party A and Guarantor and such other agreements, instruments, documents and records as I have deemed necessary or appropriate for the purposes of this opinion.
Except as expressly set forth herein, no independent investigation (including, without limitation, conducting any review, search or investigation of any public files, records or dockets) has been undertaken to determine the existence or absence of the facts that are material to my opinions, and no inference as to my knowledge concerning such facts should be made.
When used herein the phrase “to my knowledge” means to my actual knowledge without independent investigation.
References in this letter to “Applicable Laws” are to those laws, rules and regulations of the State of New York which, in my experience, are normally applicable to transactions of the type contemplated by the Master Agreement and the Guarantee. References in this letter to “Governmental Authorities” are to executive, legislative, judicial, administrative or regulatory bodies of the State of New York. References in this letter to “Governmental Approval” are to any consent, approval, license, authorization or validation of, or filing, recording or registration with, any Governmental Authority pursuant to Applicable Laws.
Based on the foregoing but subject to the assumptions, exceptions, qualifications and limitations hereinafter expressed, I am of the opinion that:
1. | Each of Party A and Guarantor is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware. |
2. | The execution, delivery and performance of the Master Agreement, in the case of Party A, and the Guarantee, in the case of Guarantor, are within its corporate power, have been duly authorized by all necessary corporate action and do not conflict with any provision of its certificate of incorporation or by-laws. |
3. | The Master Agreement, in the case of Party A, and the Guarantee, in the case of Guarantor, have been duly executed and delivered and each constitutes a legal, valid and binding obligation under Applicable Laws, enforceable against it under Applicable Laws in accordance with its respective terms. |
4. | To my knowledge, no Governmental Approval is required in connection with the execution, delivery and performance of the Master Agreement, in the case of Party A, or the Guarantee, in the case of Guarantor, except those that have been obtained and, to my knowledge, are in effect. |
The foregoing opinions are subject to the following assumptions, exceptions, qualifications and limitations:
A. My opinion in paragraph 3 above is subject to: (i) bankruptcy, insolvency, reorganization, receivership, moratorium or similar laws affecting creditors’ rights generally (including, without limitation, the effect of statutory or other laws regarding fraudulent or other similar transfers or conveyances); (ii) general principles of equity, regardless of whether enforceability is considered in a proceeding in equity or at law; and (iii) laws and considerations of public policy, including where clauses (i) through (iii) above may limit the enforceability of provisions (a) regarding the termination and close-out methodology under the Master Agreement, including but not limited to Section 6(e) thereof, (b) regarding indemnification and contribution rights and obligations, (c) regarding the waiver or limitation of rights to trial by jury, oral amendments to written agreements or rights of setoff, (d) relating to submission to jurisdiction, venue or service of process and (e) purporting to prohibit or restrict, or require the consent of the “account debtor” (as defined in Section 9-102 of the Uniform Commercial Code as in effect in the State of New York (the “NYUCC” )) for, the creation, perfection or enforcement of a security interest in “accounts” or “general intangibles” (in each case, as defined in Section 9-102 of the NYUCC).
B. I am a member of the Bar of the [State of New York] [Commonwealth of Massachusetts] and render no opinion on any laws other than the laws of the State of New York and the General Corporation Law of the State of Delaware. Except as described, I have not examined, or had examined on my behalf, and I do not express any opinion with respect to, Delaware law.
C. My opinions are limited to the present laws and to the facts as they presently exist, and no opinion is to be inferred or implied beyond the matters expressly so stated. I assume no obligation to revise or supplement this opinion should the present laws of the jurisdictions referred to in paragraph B above be changed by legislative action, judicial decision or otherwise.
D. This letter is rendered solely to you solely for your benefit in connection with the Master Agreement and the Guarantee and the transactions related thereto and may not be relied upon by any other person, entity or agency or by you in any other context or for any other purpose. This letter may not be circulated, used or quoted in whole or in part, nor may copies hereof be furnished or delivered to any other person, without the prior written consent of Lehman Brothers Holdings Inc., except that you may furnish copies hereof (i) to your independent auditors and attorneys, (ii) to any United States, state or local authority having jurisdiction over you, (iii) pursuant to the order of any court of competent jurisdiction or any governmental agency and (iv) in connection with any legal action arising out of the Master Agreement or the Guarantee.
E. I have assumed with your permission (i) the genuineness of all signatures by each party other than Party A or Guarantor, (ii) the authenticity of documents submitted to me as originals and the conformity to authentic original documents of all documents submitted to me as copies, (iii) the accuracy of the matters set forth in the documents, agreements and instruments I reviewed, (iv) that each party other than Party A and Guarantor is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, (v) the due execution and delivery, pursuant to due authorization, of the Master Agreement by each party other than Party A and (vi) that the Master Agreement is the legal, valid, binding and enforceable obligation of each party other than Party A, enforceable against each such party in accordance with its terms.
The foregoing opinions are given on the express understanding that the undersigned is an officer of Lehman Brothers Inc. and shall in no event incur any personal or other liability in connection with said opinions. By accepting and relying upon this opinion, each addressee hereof (i) acknowledges and agrees that the undersigned shall have no personal or other liability in connection herewith and (ii) agrees to not assert or raise any such claim against the undersigned in any proceeding or in any manner otherwise.
Very truly yours,
Exhibit C/D
Forms of Opinion of Counsel for Party B
Exhibit E
Item 1115 Agreement
![](https://capedge.com/proxy/8-KA/0001144204-07-028894/lehman_logolarge.jpg)
Transaction
Date: | 30 April, 2007 |
To: | Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee (the “Supplemental Interest Trust Trustee”) with respect to the Supplemental Interest Trust relating to Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3. |
Attention: | Documentation Unit |
From: | Lehman Brothers Special Financing Inc. |
Transaction Management Group
Facsimile: | (+1) 646-885-9551 (United States of America) |
Telephone: | 212-526-9570 (Louis P. Bardos) |
Ref. Numbers: | Risk ID: 1505159L / Effort ID: N1348743 / Global Deal ID: 3023486 |
Dear Sir or Madam:
The purpose of this communication (this “Confirmation”) is to confirm the terms and conditions of the transaction (the “Transaction”) entered into between Lehman Brothers Special Financing Inc. (“Party A”) and Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee with respect to the Supplemental Interest Trust relating to Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3 (“Party B”) on the Trade Date specified below. This Confirmation constitutes a “Confirmation” as referred to in the Agreement specified below.
This Confirmation supplements, forms part of, and is subject to, the ISDA Master Agreement dated as of 30 April, 2007, as amended and supplemented from time to time, between Party A and Party B (the “Agreement”). All provisions contained in the Agreement shall govern this Confirmation except as expressly modified below.
The definitions and provisions contained in the 2000 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc. (the “Definitions”) are incorporated into this Confirmation. In the event of any inconsistency between the Definitions and the terms of this Confirmation, this Confirmation will govern. For the purpose of the Definitions, references herein to a “Transaction” shall be deemed to be references to a “Swap Transaction”.
The terms of the particular Transaction to which this Confirmation relates are as follows:
General Terms: | |
Trade Date: | 26 April, 2007 |
Effective Date: | 30 April, 2007 |
Termination Date: | 25 April, 2012, subject to adjustment in accordance with the Following Business Day Convention. |
Notional Amount: | USD598,988,120.00 - subject to adjustment in accordance with Appendix A attached hereto. |
Risk ID: 1505159L / Effort ID: 1348743 / Global Deal ID: 3023486
Page 1 of 8
Floating Amounts: | |
Floating Amount Payer: | Party A |
Floating Amount Payer Payment Dates: | The 25th calendar day of each month, from and including 25 May, 2007 to and including the Termination Date, subject to adjustment in accordance with the Following Business Day Convention. |
Floating Rate Option: | USD-LIBOR-BBA |
Designated Maturity: | 1 month |
Spread: | Inapplicable |
Floating Rate Day Count Fraction: | Actual/360 |
Floating Rate for initial Calculation Period: | 5.32% |
Reset Dates: | The first day of each Calculation Period |
Fixed Amounts: | |
Fixed Amount Payer: | Party B |
Fixed Amount Payer Payment Dates: | The 25th calendar day of each month, from and including 25 May, 2007 to and including the Termination Date, subject to adjustment in accordance with the Following Business Day Convention. |
Fixed Rate: | As per the Fixed Rate Schedule below: |
Fixed Rate Schedule | ||
Calculation Period from and including | Calculation Period up to but excluding | Fixed Rate (%) |
30-Apr-2007 | 25-May-2007 | 5.00765 |
25-May-2007 | 25-Jun-2007 | 5.00746 |
25-Jun-2007 | 25-Jul-2007 | 5.007 |
25-Jul-2007 | 25-Aug-2007 | 5.00624 |
25-Aug-2007 | 25-Sep-2007 | 5.00517 |
25-Sep-2007 | 25-Oct-2007 | 5.00375 |
25-Oct-2007 | 25-Nov-2007 | 5.00195 |
25-Nov-2007 | 25-Dec-2007 | 4.99972 |
25-Dec-2007 | 25-Jan-2008 | 4.99701 |
25-Jan-2008 | 25-Feb-2008 | 4.9938 |
25-Feb-2008 | 25-Mar-2008 | 4.99017 |
25-Mar-2008 | 25-Apr-2008 | 4.98602 |
25-Apr-2008 | 25-May-2008 | 4.98169 |
25-May-2008 | 25-Jun-2008 | 4.97723 |
25-Jun-2008 | 25-Jul-2008 | 4.97264 |
25-Jul-2008 | 25-Aug-2008 | 4.96793 |
Risk ID: 1505159L / Effort ID: 1348743 / Global Deal ID: 3023486
Page 2 of 8
25-Aug-2008 | 25-Sep-2008 | 4.96309 |
25-Sep-2008 | 25-Oct-2008 | 4.9581 |
25-Oct-2008 | 25-Nov-2008 | 4.95297 |
25-Nov-2008 | 25-Dec-2008 | 4.94768 |
25-Dec-2008 | 25-Jan-2009 | 4.94214 |
25-Jan-2009 | 25-Feb-2009 | 4.93646 |
25-Feb-2009 | 25-Mar-2009 | 4.93061 |
25-Mar-2009 | 25-Apr-2009 | 4.9251 |
25-Apr-2009 | 25-May-2009 | 4.9251 |
25-May-2009 | 25-Jun-2009 | 4.9251 |
25-Jun-2009 | 25-Jul-2009 | 4.9251 |
25-Jul-2009 | 25-Aug-2009 | 4.9251 |
25-Aug-2009 | 25-Sep-2009 | 4.9251 |
25-Sep-2009 | 25-Oct-2009 | 4.9251 |
25-Oct-2009 | 25-Nov-2009 | 4.9251 |
25-Nov-2009 | 25-Dec-2009 | 4.9251 |
25-Dec-2009 | 25-Jan-2010 | 4.9251 |
25-Jan-2010 | 25-Feb-2010 | 4.9251 |
25-Feb-2010 | 25-Mar-2010 | 4.9251 |
25-Mar-2010 | 25-Apr-2010 | 4.9251 |
25-Apr-2010 | 25-May-2010 | 4.86032 |
25-May-2010 | 25-Jun-2010 | 4.86032 |
25-Jun-2010 | 25-Jul-2010 | 4.86032 |
25-Jul-2010 | 25-Aug-2010 | 4.86032 |
25-Aug-2010 | 25-Sep-2010 | 4.86032 |
25-Sep-2010 | 25-Oct-2010 | 4.86032 |
25-Oct-2010 | 25-Nov-2010 | 4.86032 |
25-Nov-2010 | 25-Dec-2010 | 4.86032 |
25-Dec-2010 | 25-Jan-2011 | 4.86032 |
25-Jan-2011 | 25-Feb-2011 | 4.86032 |
25-Feb-2011 | 25-Mar-2011 | 4.86032 |
25-Mar-2011 | 25-Apr-2011 | 4.86032 |
25-Apr-2011 | 25-May-2011 | 4.86032 |
25-May-2011 | 25-Jun-2011 | 4.86032 |
25-Jun-2011 | 25-Jul-2011 | 4.86032 |
25-Jul-2011 | 25-Aug-2011 | 4.86032 |
25-Aug-2011 | 25-Sep-2011 | 4.86032 |
25-Sep-2011 | 25-Oct-2011 | 4.86032 |
25-Oct-2011 | 25-Nov-2011 | 4.86032 |
25-Nov-2011 | 25-Dec-2011 | 4.86032 |
25-Dec-2011 | 25-Jan-2012 | 4.86032 |
25-Jan-2012 | 25-Feb-2012 | 4.86032 |
25-Feb-2012 | 25-Mar-2012 | 4.86032 |
25-Mar-2012 | 25-Apr-2012 | 4.86032 |
Risk ID: 1505159L / Effort ID: 1348743 / Global Deal ID: 3023486
Page 3 of 8
Fixed Rate Day Count Fraction: | 30/360 |
Business Days: | New York |
Miscellaneous: | |
Calculation Agent: | Party A |
Office: | For the purposes of this Transaction, Party A is not a Multibranch Party, and the Office of Party B is its Head Office. |
Risk ID: 1505159L / Effort ID: 1348743 / Global Deal ID: 3023486
Page 4 of 8
Please confirm your agreement with the foregoing by executing this Confirmation and returning such Confirmation, in its entirety, to us at facsimile number (+1) 646-885-9551 (United States of America), Attention: Confirmations Group.
Yours sincerely, | Accepted and agreed to: |
Lehman Brothers Special Financing Inc. | DEUTSCHE BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL INTEREST TRUST TRUSTEE WITH RESPECT TO THE SUPPLEMENTAL INTEREST TRUST RELATING TO IMPAC SECURED ASSETS TRUST 2007-3, IMPAC SECURED ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-3. |
By: ________________________ Name: Title: | |
Risk ID: 1505159L / Effort ID: 1348743 / Global Deal ID: 3023486
Page 5 of 8
Appendix A | |
*Calculation Periods up to but excluding the Payment Date scheduled to occur: | Outstanding Notional Amount: |
25 May, 2007 | USD 598,988,120.00 |
25 June, 2007 | USD 596,405,111.82 |
25 July, 2007 | USD 591,619,837.50 |
25 August, 2007 | USD 584,587,861.54 |
25 September, 2007 | USD 575,283,707.22 |
25 October, 2007 | USD 563,702,910.61 |
25 November, 2007 | USD 549,870,461.28 |
25 December, 2007 | USD 533,829,808.62 |
25 January, 2008 | USD 515,663,461.74 |
25 February, 2008 | USD 495,546,117.64 |
25 March, 2008 | USD 474,015,031.98 |
25 April, 2008 | USD 451,087,165.92 |
25 May, 2008 | USD 427,798,189.42 |
25 June, 2008 | USD 405,663,515.64 |
25 July, 2008 | USD 384,626,548.51 |
25 August, 2008 | USD 364,633,696.32 |
25 September, 2008 | USD 345,633,699.78 |
25 October, 2008 | USD 327,577,946.60 |
25 November, 2008 | USD 310,420,272.41 |
25 December, 2008 | USD 294,116,577.50 |
25 January, 2009 | USD 278,518,793.08 |
25 February, 2009 | USD 263,726,734.27 |
25 March, 2009 | USD 249,693,207.44 |
25 April, 2009 | USD 236,843,190.00 |
25 May, 2009 | USD 229,620,015.00 |
25 June, 2009 | USD 222,615,135.00 |
25 July, 2009 | USD 215,822,880.00 |
25 August, 2009 | USD 209,235,960.00 |
25 September, 2009 | USD 202,848,705.00 |
25 October, 2009 | USD 196,655,040.00 |
Risk ID: 1505159L / Effort ID: 1348743 / Global Deal ID: 3023486
Page 6 of 8
*Calculation Periods up to but excluding the Payment Date scheduled to occur: | Outstanding Notional Amount: |
25 November, 2009 | USD 190,648,890.00 |
25 December, 2009 | USD 184,824,990.00 |
25 January, 2010 | USD 179,177,265.00 |
25 February, 2010 | USD 173,700,855.00 |
25 March, 2010 | USD 168,390,900.00 |
25 April, 2010 | USD 163,241,730.00 |
25 May, 2010 | USD 123,082,155.00 |
25 June, 2010 | USD 119,316,645.00 |
25 July, 2010 | USD 115,665,480.00 |
25 August, 2010 | USD 112,124,880.00 |
25 September, 2010 | USD 108,692,010.00 |
25 October, 2010 | USD 105,363,090.00 |
25 November, 2010 | USD 102,135,600.00 |
25 December, 2010 | USD 99,006,075.00 |
25 January, 2011 | USD 95,971,365.00 |
25 February, 2011 | USD 93,029,265.00 |
25 March, 2011 | USD 90,176,310.00 |
25 April, 2011 | USD 87,410,295.00 |
25 May, 2011 | USD 84,728,070.00 |
25 June, 2011 | USD 82,127,745.00 |
25 July, 2011 | USD 79,606,485.00 |
25 August, 2011 | USD 77,161,770.00 |
25 September, 2011 | USD 74,791,710.00 |
25 October, 2011 | USD 72,493,785.00 |
25 November, 2011 | USD 70,265,790.00 |
25 December, 2011 | USD 68,105,520.00 |
25 January, 2012 | USD 66,011,085.00 |
25 February, 2012 | USD 63,980,595.00 |
25 March, 2012 | USD 62,011,845.00 |
25 April, 2012 | USD 60,103,260.00 |
*subject to adjustment in accordance with the Following Business Day Convention.
Risk ID: 1505159L / Effort ID: 1348743 / Global Deal ID: 3023486
Page 7 of 8
Risk ID: 1505159L / Effort ID: 1348743 / Global Deal ID: 3023486
Page 8 of 8
![](https://capedge.com/proxy/8-KA/0001144204-07-028894/lehman_logolarge.jpg)
Transaction
Date: | 30 April, 2007 |
To: | Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee (the “Supplemental Interest Trust Trustee”) with respect to the Supplemental Interest Trust relating to Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3. |
Attention: | Documentation Unit |
From: | Lehman Brothers Special Financing Inc. |
Transaction Management Group
Facsimile: | (+1) 646-885-9551 (United States of America) |
Telephone: 212-526-9570 (Louis P. Bardos)
Ref. Numbers: | Risk ID: 1505111L / Effort ID: N1348676 / Global Deal ID: 3023391 |
Dear Sir or Madam:
The purpose of this communication (this “Confirmation”) is to confirm the terms and conditions of the transaction (the “Transaction”) entered into between Lehman Brothers Special Financing Inc. (“Party A”) and Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trust Trustee with respect to the Supplemental Interest Trust relating to Impac Secured Assets Trust 2007-3, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3 (“Party B”) on the Trade Date specified below. This Confirmation constitutes a “Confirmation” as referred to in the Agreement specified below.
This Confirmation supplements, forms part of, and is subject to, the ISDA Master Agreement dated as of 30 April, 2007, as amended and supplemented from time to time, between Party A and Party B (the “Agreement”). All provisions contained in the Agreement shall govern this Confirmation except as expressly modified below.
The definitions and provisions contained in the 2000 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc. (the “Definitions”) are incorporated into this Confirmation. In the event of any inconsistency between the Definitions and the terms of this Confirmation, this Confirmation will govern. For the purpose of the Definitions, references herein to a “Transaction” shall be deemed to be references to a “Swap Transaction”.
The terms of the particular Transaction to which this Confirmation relates are as follows:
General Terms: | |
Trade Date: | 26 April, 2007 |
Effective Date: | 30 April, 2007 |
Termination Date: | 25 April, 2012, subject to adjustment in accordance with the Following Business Day Convention. |
Notional Amount: | USD189,054,880.00 - subject to adjustment in accordance with Appendix A attached hereto. |
Risk ID: 1505111L / Effort ID: 1348676 / Global Deal ID: 3023391
Page 1 of 8
Fixed Amounts: | |
Fixed Amount Payer: | Inapplicable |
Fixed Amount Payer Payment Dates: | Inapplicable |
Fixed Amount: | By its execution hereof and with effect from the Trade Date above Party A and Party B irrevocably acknowledges receipt of all agreed consideration from the other party in respect of this Transaction. |
Floating Amounts: | |
Floating Amount Payer: | Party A |
Cap Rate: | As per the Cap Rate Schedule below: |
Cap Rate Schedule | ||
Calculation Period from and including | Calculation Period up to but excluding | Cap Rate (%) |
30-Apr-2007 | 25-May-2007 | 5.06138 |
25-May-2007 | 25-Jun-2007 | 5.06103 |
25-Jun-2007 | 25-Jul-2007 | 5.06068 |
25-Jul-2007 | 25-Aug-2007 | 5.06031 |
25-Aug-2007 | 25-Sep-2007 | 5.05993 |
25-Sep-2007 | 25-Oct-2007 | 5.05955 |
25-Oct-2007 | 25-Nov-2007 | 5.05915 |
25-Nov-2007 | 25-Dec-2007 | 5.05873 |
25-Dec-2007 | 25-Jan-2008 | 5.05831 |
25-Jan-2008 | 25-Feb-2008 | 5.05786 |
25-Feb-2008 | 25-Mar-2008 | 5.05741 |
25-Mar-2008 | 25-Apr-2008 | 5.05716 |
25-Apr-2008 | 25-May-2008 | 5.05715 |
25-May-2008 | 25-Jun-2008 | 5.05715 |
25-Jun-2008 | 25-Jul-2008 | 5.05715 |
25-Jul-2008 | 25-Aug-2008 | 5.05715 |
25-Aug-2008 | 25-Sep-2008 | 5.05715 |
25-Sep-2008 | 25-Oct-2008 | 5.05715 |
25-Oct-2008 | 25-Nov-2008 | 5.05715 |
25-Nov-2008 | 25-Dec-2008 | 5.05715 |
25-Dec-2008 | 25-Jan-2009 | 5.05715 |
25-Jan-2009 | 25-Feb-2009 | 5.05714 |
25-Feb-2009 | 25-Mar-2009 | 5.05714 |
25-Mar-2009 | 25-Apr-2009 | 5.05714 |
25-Apr-2009 | 25-May-2009 | 5.05714 |
Risk ID: 1505111L / Effort ID: 1348676 / Global Deal ID: 3023391
Page 2 of 8
25-May-2009 | 25-Jun-2009 | 5.05714 |
25-Jun-2009 | 25-Jul-2009 | 5.05714 |
25-Jul-2009 | 25-Aug-2009 | 5.05714 |
25-Aug-2009 | 25-Sep-2009 | 5.05714 |
25-Sep-2009 | 25-Oct-2009 | 5.05713 |
25-Oct-2009 | 25-Nov-2009 | 5.05713 |
25-Nov-2009 | 25-Dec-2009 | 5.05713 |
25-Dec-2009 | 25-Jan-2010 | 5.05713 |
25-Jan-2010 | 25-Feb-2010 | 5.05713 |
25-Feb-2010 | 25-Mar-2010 | 5.03253 |
25-Mar-2010 | 25-Apr-2010 | 5.01379 |
25-Apr-2010 | 25-May-2010 | 5.01378 |
25-May-2010 | 25-Jun-2010 | 5.01378 |
25-Jun-2010 | 25-Jul-2010 | 5.01378 |
25-Jul-2010 | 25-Aug-2010 | 5.01378 |
25-Aug-2010 | 25-Sep-2010 | 5.01378 |
25-Sep-2010 | 25-Oct-2010 | 5.01378 |
25-Oct-2010 | 25-Nov-2010 | 5.01378 |
25-Nov-2010 | 25-Dec-2010 | 5.01377 |
25-Dec-2010 | 25-Jan-2011 | 5.01377 |
25-Jan-2011 | 25-Feb-2011 | 5.01377 |
25-Feb-2011 | 25-Mar-2011 | 5.01377 |
25-Mar-2011 | 25-Apr-2011 | 5.01377 |
25-Apr-2011 | 25-May-2011 | 5.01377 |
25-May-2011 | 25-Jun-2011 | 5.01376 |
25-Jun-2011 | 25-Jul-2011 | 5.01376 |
25-Jul-2011 | 25-Aug-2011 | 5.01376 |
25-Aug-2011 | 25-Sep-2011 | 5.01376 |
25-Sep-2011 | 25-Oct-2011 | 5.01376 |
25-Oct-2011 | 25-Nov-2011 | 5.01376 |
25-Nov-2011 | 25-Dec-2011 | 5.01375 |
25-Dec-2011 | 25-Jan-2012 | 5.01375 |
25-Jan-2012 | 25-Feb-2012 | 5.01375 |
25-Feb-2012 | 25-Mar-2012 | 4.83329 |
25-Mar-2012 | 25-Apr-2012 | 4.83329 |
Floating Amount Payer Payment Dates: | The 25th calendar day of each month, from and including 25 May, 2007 to and including the Termination Date, subject to adjustment in accordance with the Following Business Day Convention. |
Floating Rate Option: | USD-LIBOR-BBA |
Risk ID: 1505111L / Effort ID: 1348676 / Global Deal ID: 3023391
Page 3 of 8
Floating Rate for the initial Calculation Period: | 5.32% |
Designated Maturity: | 1 month |
Spread: | Inapplicable |
Floating Rate Day Count Fraction: | Actual/360 |
Reset Dates: | The first day of each Calculation Period |
Business Days: | New York |
Miscellaneous: | |
Calculation Agent: | Party A |
Office: | For the purposes of this Transaction, Party A is not a Multibranch Party, and the Office of Party B is its Head Office. |
Risk ID: 1505111L / Effort ID: 1348676 / Global Deal ID: 3023391
Page 4 of 8
Please confirm your agreement with the foregoing by executing this Confirmation and returning such Confirmation, in its entirety, to us at facsimile number (+1) 646-885-9551 (United States of America), Attention: Confirmations Group.
Yours sincerely, | Accepted and agreed to: |
Lehman Brothers Special Financing Inc. | DEUTSCHE BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL INTEREST TRUST TRUSTEE WITH RESPECT TO THE SUPPLEMENTAL INTEREST TRUST RELATING TO IMPAC SECURED ASSETS TRUST 2007-3, IMPAC SECURED ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-3. |
By: ________________________ Name: Title: | |
Risk ID: 1505111L / Effort ID: 1348676 / Global Deal ID: 3023391
Page 5 of 8
Appendix A | |
*Calculation Periods up to but excluding the Period End Date scheduled to occur: | Outstanding Notional Amount: |
25 May, 2007 | USD 189,054,880.00 |
25 June, 2007 | USD 187,962,065.00 |
25 July, 2007 | USD 186,458,185.00 |
25 August, 2007 | USD 184,541,810.00 |
25 September, 2007 | USD 182,214,245.00 |
25 October, 2007 | USD 179,479,120.00 |
25 November, 2007 | USD 176,343,185.00 |
25 December, 2007 | USD 172,815,455.00 |
25 January, 2008 | USD 168,908,050.00 |
25 February, 2008 | USD 164,635,675.00 |
25 March, 2008 | USD 160,015,745.00 |
25 April, 2008 | USD 155,321,650.00 |
25 May, 2008 | USD 150,596,120.00 |
25 June, 2008 | USD 146,013,320.00 |
25 July, 2008 | USD 141,569,075.00 |
25 August, 2008 | USD 137,259,080.00 |
25 September, 2008 | USD 133,079,435.00 |
25 October, 2008 | USD 129,026,200.00 |
25 November, 2008 | USD 125,095,470.00 |
25 December, 2008 | USD 121,283,640.00 |
25 January, 2009 | USD 117,587,185.00 |
25 February, 2009 | USD 114,002,490.00 |
25 March, 2009 | USD 110,526,385.00 |
25 April, 2009 | USD 107,155,340.00 |
25 May, 2009 | USD 103,886,495.00 |
25 June, 2009 | USD 100,716,490.00 |
25 July, 2009 | USD 97,642,605.00 |
25 August, 2009 | USD 94,661,795.00 |
25 September, 2009 | USD 91,771,280.00 |
25 October, 2009 | USD 88,968,420.00 |
Risk ID: 1505111L / Effort ID: 1348676 / Global Deal ID: 3023391
Page 6 of 8
Appendix A | |
*Calculation Periods up to but excluding the Period End Date scheduled to occur: | Outstanding Notional Amount: |
25 November, 2009 | USD 86,250,395.00 |
25 December, 2009 | USD 83,614,810.00 |
25 January, 2010 | USD 81,059,175.00 |
25 February, 2010 | USD 78,581,000.00 |
25 March, 2010 | USD 62,502,180.00 |
25 April, 2010 | USD 54,729,430.00 |
25 May, 2010 | USD 53,055,030.00 |
25 June, 2010 | USD 51,431,450.00 |
25 July, 2010 | USD 49,857,220.00 |
25 August, 2010 | USD 48,330,660.00 |
25 September, 2010 | USD 46,850,580.00 |
25 October, 2010 | USD 45,415,370.00 |
25 November, 2010 | USD 44,023,770.00 |
25 December, 2010 | USD 42,674,520.00 |
25 January, 2011 | USD 41,366,150.00 |
25 February, 2011 | USD 40,097,680.00 |
25 March, 2011 | USD 38,867,640.00 |
25 April, 2011 | USD 37,675,120.00 |
25 May, 2011 | USD 36,518,790.00 |
25 June, 2011 | USD 35,397,670.00 |
25 July, 2011 | USD 34,310,710.00 |
25 August, 2011 | USD 33,256,790.00 |
25 September, 2011 | USD 32,235,000.00 |
25 October, 2011 | USD 31,244,290.00 |
25 November, 2011 | USD 30,283,750.00 |
25 December, 2011 | USD 29,352,470.00 |
25 January, 2012 | USD 28,449,540.00 |
25 February, 2012 | USD 27,574,190.00 |
25 March, 2012 | USD 13,780,410.00 |
Risk ID: 1505111L / Effort ID: 1348676 / Global Deal ID: 3023391
Page 7 of 8
Appendix A | |
*Calculation Periods up to but excluding the Period End Date scheduled to occur: | Outstanding Notional Amount: |
25 April, 2012 | USD 13,356,280.00 |
*subject to adjustment in accordance with the Following Business Day Convention.
Risk ID: 1505111L / Effort ID: 1348676 / Global Deal ID: 3023391
Page 8 of 8
ISDA®
CREDIT SUPPORT ANNEX
to the Schedule to the
ISDA Master Agreement
dated as of April 30, 2007 between
LEHMAN BROTHERS SPECIAL FINANCING INC.
(hereinafter referred to as “Party A” or “Pledgor”)
and
DEUTSCHE BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL INTEREST TRUST TRUSTEE (THE “SUPPLEMENTAL INTEREST TRUST TRUSTEE”) WITH RESPECT TO THE SUPPLEMENTAL INTEREST TRUST RELATING TO IMPAC SECURED ASSETS TRUST 2007-3, IMPAC SECURED ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-3 (hereinafter referred to as “Party B” or “Secured Party”).
Paragraph 13. Elections and Variables.
(a) | Security Interest for “Obligations”. The term “Obligations” as used in this Annex includes the following additional obligations: |
With respect to Party A: not applicable.
With respect to Party B: not applicable.
(b) | Credit Support Obligations. |
(i) | Delivery Amount, Return Amount and Credit Support Amount. |
(A) | “Delivery Amount” has the meaning specified in Paragraph 3(a) as amended (I) by deleting the words “upon a demand made by the Secured Party on or promptly following a Valuation Date” and inserting in lieu thereof the words “not later than the close of business on each Valuation Date” and (II) by deleting in its entirety the sentence beginning “Unless otherwise specified in Paragraph 13” and ending “(ii) the Value as of that Valuation Date of all Posted Credit Support held by the Secured Party.” and inserting in lieu thereof the following: |
(B) | The “Delivery Amount” applicable to the Pledgor for any Valuation Date will equal the greatest of |
(1) | the amount by which (a) the S&P Credit Support Amount for such Valuation Date exceeds (b) the S&P Value as of such Valuation Date of all Posted Credit Support held by the Secured Party, |
(2) | the amount by which (a) the Moody’s First Trigger Credit Support Amount for such Valuation Date exceeds (b) the Moody’s First Trigger Value as of such Valuation Date of all Posted Credit Support held by the Secured Party, and |
(4) | the amount by which (a) the Moody’s Second Trigger Credit Support Amount for such Valuation Date exceeds (b) the Moody’s Second Trigger Value as of such Valuation Date of all Posted Credit Support held by the Secured Party. |
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(C) | “Return Amount” has the meaning specified in Paragraph 3(b) as amended by deleting in its entirety the sentence beginning “Unless otherwise specified in Paragraph 13” and ending “(ii) the Credit Support Amount.” and inserting in lieu thereof the following: |
The “Return Amount” applicable to the Secured Party for any Valuation Date will equal the least of
(1) | the amount by which (a) the S&P Value as of such Valuation Date of all Posted Credit Support held by the Secured Party exceeds (b) the S&P Credit Support Amount for such Valuation Date, |
(2) | the amount by which (a) the Moody’s First Trigger Value as of such Valuation Date of all Posted Credit Support held by the Secured Party exceeds (b) the Moody’s First Trigger Credit Support Amount for such Valuation Date, and |
(4) | the amount by which (a) the Moody’s Second Trigger Value as of such Valuation Date of all Posted Credit Support held by the Secured Party exceeds (b) the Moody’s Second Trigger Credit Support Amount for such Valuation Date. |
(D) | “Credit Support Amount” shall not apply. For purposes of calculating any Delivery Amount or Return Amount for any Valuation Date, reference shall be made to the S&P Credit Support Amount, Moody’s First Trigger Credit Support Amount, or the Moody’s Second Trigger Credit Support Amount, in each case for such Valuation Date, as provided in Paragraphs 13(b)(i)(A) and 13(b)(i)(B), above. |
(ii) Eligible Collateral. On any day, the following items will qualify as “Eligible Collateral”(for the avoidance of doubt, all Eligible Collateral to be denominated in USD):
Collateral | S&P Valuation Percentage | Moody’s First Trigger Valuation Percentage | Moody’s Second Trigger Valuation Percentage |
(A) Cash | 100% | 100% | 100% |
(B) Fixed-rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturity on such date of not more than one year | 98.5% | 100% | 100% |
(C) Fixed-rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturity on such date of more than one year but not more than ten years | 89.9% | 100% | 94% |
(D) Fixed-rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturity on such date of more than ten years | 83.9% | 100% | 87% |
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(ii) | Other Eligible Support. |
The following items will qualify as “Other Eligible Support” for the party specified:
Not applicable.
(iii) | Threshold. |
(A) | “Independent Amount” means zero with respect to Party A and Party B. |
(B) | “Threshold” means, with respect to Party A and any Valuation Date, zero if (i) a Collateral Event has occurred and has been continuing (x) for at least 30 days or (y) since this Annex was executed, or (ii) a Required Ratings Downgrade Event has occurred and is continuing; otherwise, infinity. |
“Threshold” means, with respect to Party B and any Valuation Date, infinity.
(C) | “Minimum Transfer Amount” means USD 100,000 with respect to Party A and Party B; provided, however, that if the aggregate Certificate Principal Balance of the Certificates and any Notes rated by S&P is at the time of any transfer less than USD 50,000,000, the “Minimum Transfer Amount” shall be USD 50,000. |
(D) | Rounding: The Delivery Amount will be rounded up to the nearest integral multiple of USD 10,000. The Return Amount will be rounded down to the nearest integral multiple of USD 10,000. |
(c) | Valuation and Timing. |
(i) | “Valuation Agent” means Party A. All calculations by the Valuation Agent must be made in accordance with standard market practice, including, in the event of a dispute as to the Value of any Eligible Credit Support or Posted Credit Support, by making reference to quotations received by the Valuation Agent from one or more Pricing Sources. |
(ii) | “Valuation Date” means each Local Business Day on which any of the S&P Credit Support Amount, the Moody’s First Trigger Credit Support Amount or the Moody’s Second Trigger Credit Support Amount is greater than zero. |
(iii) | “Valuation Time” means the close of business in the city of the Valuation Agent on the Local Business Day immediately preceding the Valuation Date or date of calculation, as applicable; provided that the calculations of Value and Exposure will be made as of approximately the same time on the same date. The Valuation Agent will notify each party (or the other party, if the Valuation Agent is a party) of its calculations not later than the Notification Time on the applicable Valuation Date (or in the case of Paragraph 6(d), the Local Business Day following the day on which such relevant calculations are performed).” |
(iv) | “Notification Time” means 1:00 p.m., New York time, on a Local Business Day. |
(v) | External Verification. Notwithstanding anything to the contrary in the definitions of Valuation Agent or Valuation Date, at any time at which Party A (or, to the extent applicable, its Credit Support Provider) does not have a long-term unsubordinated and unsecured debt rating of at least “BBB+” from S&P, the Valuation Agent shall (A) calculate the Secured Party’s Exposure and the S&P Value of Posted Credit Support on each Valuation Date based on internal marks and (B) verify such calculations with external marks monthly by obtaining on the last Local Business Day of each calendar month two external marks for each Transaction to which this Annex relates and for all Posted Credit Support; such verification of the Secured Party’s Exposure shall be based on the higher of the two external marks. Each external mark in respect of a Transaction shall be obtained from an independent Reference Market-maker that would be eligible and willing to enter into such Transaction in the absence of the current derivative provider, provided that an external mark may not be obtained from the same Reference Market-maker more than four times in any 12-month period. The Valuation Agent shall obtain these external marks directly or through an independent third party, in either case at no cost to Party B. The Valuation Agent shall calculate on each Valuation Date (for purposes of this paragraph, the last Local Business Day in each calendar month referred to above shall be considered a Valuation Date) the Secured Party’s Exposure based on the greater of the Valuation Agent’s internal marks and the external marks received. If the S&P Value on any such Valuation Date of all Posted Credit Support then held by the Secured Party is less than the S&P Credit Support Amount on such Valuation Date (in each case as determined pursuant to this paragraph), Party A shall, within three Local Business Days of such Valuation Date, Transfer to the Secured Party Eligible Credit Support having an S&P Value as of the date of Transfer at least equal to such deficiency. |
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(vi) | Notice to S&P. At any time at which Party A (or, to the extent applicable, its Credit Support Provider) does not have a long-term unsubordinated and unsecured debt rating of at least “BBB+” from S&P, the Valuation Agent shall provide to S&P not later than the Notification Time on the Local Business Day following each Valuation Date its calculations of the Secured Party’s Exposure and the S&P Value of any Eligible Credit Support or Posted Credit Support for that Valuation Date. The Valuation Agent shall also provide to S&P any external marks received pursuant to the preceding paragraph. |
(d) | Conditions Precedent and Secured Party’s Rights and Remedies. The following Termination Events will be a “Specified Condition” for the party specified (that party being the Affected Party if the Termination Event occurs with respect to that party): None. |
(e) | Substitution. |
(i) | “Substitution Date” has the meaning specified in Paragraph 4(d)(ii). |
(ii) | Consent. If specified here as applicable, then the Pledgor must obtain the Secured Party’s consent for any substitution pursuant to Paragraph 4(d): Inapplicable. |
(f) | Dispute Resolution. |
(i) | “Resolution Time” means 1:00 p.m. New York time on the Local Business Day following the date on which the notice of the dispute is given under Paragraph 5. |
(ii) | Value. Notwithstanding anything to the contrary in Paragraph 12, for the purpose of Paragraphs 5(i)(C) and 5(ii), the S&P Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value, on any date, of Eligible Collateral other than Cash will be calculated as follows: |
For Eligible Collateral in the form of securities listed in Paragraph 13(b)(ii): the sum of (A) the product of (1)(x) the bid price at the Valuation Time for such securities on the principal national securities exchange on which such securities are listed, or (y) if such securities are not listed on a national securities exchange, the bid price for such securities quoted at the Valuation Time by any principal market maker for such securities selected by the Valuation Agent, or (z) if no such bid price is listed or quoted for such date, the bid price listed or quoted (as the case may be) at the Valuation Time for the day next preceding such date on which such prices were available and (2) the applicable Valuation Percentage for such Eligible Collateral, and (B) the accrued interest on such securities (except to the extent Transferred to the Pledgor pursuant to Paragraph 6(d)(ii) or included in the applicable price referred to in the immediately preceding clause (A)) as of such date.
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(iii) | Alternative. The provisions of Paragraph 5 will apply. |
(g) | Holding and Using Posted Collateral. |
(i) | Eligibility to Hold Posted Collateral; Custodians. Party B (or any Custodian) will be entitled to hold Posted Collateral pursuant to Paragraph 6(b), provided that the following conditions applicable to it are satisfied: |
Party B may appoint as Custodian (A) the entity then serving as Supplemental Interest Trust Trustee or (B) any entity other than the entity then serving as Supplemental Interest Trust Trustee if such other entity (or, to the extent applicable, its parent company or credit support provider) is a bank or a trust company located in the United States having and has a short-term unsecured and unsubordinated debt rating from S&P of at least “A-1.”
Initially, the Custodian for Party B is: The Supplemental Interest Trust Trustee.
(ii) | Use of Posted Collateral. The provisions of Paragraph 6(c)(i) will not apply to Party B, but the provisions of Paragraph 6(c)(ii) will apply to Party B. |
(h) | Distributions and Interest Amount. |
(i) | Interest Rate. The “Interest Rate” will be the actual interest rate earned on Posted Collateral in the form of Cash that is held by Party B or its Custodian. Posted Collateral in the form of Cash shall be invested in such overnight (or redeemable within two Local Business Days of demand) Permitted Investments rated at least (x) AAAm or AAAm-G by S&P and (y) Prime-1 by Moody’s or Aaa by Moody’s, as directed by Party A (unless (x) an Event of Default or an Additional Termination Event has occurred with respect to which Party A is the defaulting or sole Affected Party or (y) an Early Termination Date has been designated, in which case such Posted Collateral shall be held uninvested). Gains and losses incurred in respect of any investment of Posted Collateral in the form of Cash in Permitted Investments as directed by Party A shall be for the account of Party A.. |
(ii) | Transfer of Interest Amount. The Transfer of the Interest Amount will be made on the second Local Business Day following the end of each calendar month and on any other Local Business Day on which Posted Collateral in the form of Cash is Transferred to the Pledgor pursuant to Paragraph 3(b), in each case to the extent that a Delivery Amount would not be created or increased by that Transfer; provided, however, that the obligation of Party B to Transfer any Interest Amount to Party A shall be limited to the extent that Party B has earned and received such funds and such funds are available to Party B. |
(iii) | Alternative to Interest Amount. The provisions of Paragraph 6(d)(ii) will apply. |
(i) | Additional Representation(s). There are no additional representations by either party. |
(j) | Other Eligible Support and Other Posted Support. |
(i) | “Value” with respect to Other Eligible Support and Other Posted Support means: not applicable. |
(ii) | “Transfer” with respect to Other Eligible Support and Other Posted Support means: not applicable. |
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(k) | Demands and Notices.All demands, specifications and notices under this Annex will be made pursuant to the Notices Section of this Agreement, except that any demand, specification or notice shall be given to or made at the following addresses, or at such other address as the relevant party may from time to time designate by giving notice (in accordance with the terms of this paragraph) to the other party: |
If to Party A, at the address specified pursuant to the Notices Section of this Agreement.
If to Party B, at the address specified pursuant to the Notices Section of this Agreement.
If to Party B’s Custodian: | Deutsche Bank National Trust Company |
1761 E. Saint Andrew Place
Santa Ana, CA 92705
Trust Administration - IM07S3
(l) | Address for Transfers. Each Transfer hereunder shall be made to the address specified below or to an address specified in writing from time to time by the party to which such Transfer will be made. |
Party A account details for holding collateral - to be provided from time to time.
Party B’s Custodian account details for holding collateral:
Deutsche Bank Trust Company Americas
ABA: 021001033
A/C# 014-19-663
AC Name: NYLTD Funds Control - Stars West
Ref: IM07S3
(m) | Other Provisions. |
(i) | Collateral Account. Party B shall open and maintain a segregated account, which shall be an Eligible Account segregated from the Swap Account and the Interest Rate Cap Account, as defined in the related Pooling and Servicing Agreement, and hold, record and identify all Posted Collateral in such segregated account. |
(ii) | Agreement as to Single Secured Party and Single Pledgor. Notwithstanding anything to the contrary in the recital of this Annex, Paragraph 1(b), Paragraph 2 or the definitions in Paragraph 12, Party A and Party B hereby agree that, notwithstanding anything to the contrary in this Annex, (a) the term “Secured Party” as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9. |
(iii) | Calculation of Value. Paragraph 4(c) is hereby amended by deleting the word “Value” and inserting in lieu thereof “S&P Value, Moody’s First Trigger Value, Moody’s Second Trigger Value”. Paragraph 4(d)(ii) is hereby amended by (A) deleting the words “a Value” and inserting in lieu thereof “an S&P Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value” and (B) deleting the words “the Value” and inserting in lieu thereof “S&P Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”. Paragraph 5 (flush language) is hereby amended by deleting the word “Value” and inserting in lieu thereof “S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger Value”. Paragraph 5(i) (flush language) is hereby amended by deleting the word “Value” and inserting in lieu thereof “S&P Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”. Paragraph 5(i)(C) is hereby amended by deleting the word “the Value, if” and inserting in lieu thereof “any one or more of the S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger Value, as the case may be”. Paragraph 5(ii) is hereby amended by (1) deleting the first instance of the words “the Value” and inserting in lieu thereof “any one or more of the S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger Value” and (2) deleting the second instance of the words “the Value” and inserting in lieu thereof “such disputed S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger Value”. Each of Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by deleting the word “Value” and inserting in lieu thereof “least of the S&P Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”. |
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(iv) | Form of Annex. Party A and Party B hereby agree that the text of Paragraphs 1 through 12, inclusive, of this Annex is intended to be the printed form of ISDA Credit Support Annex (Bilateral Form - ISDA Agreements Subject to New York Law Only version) as published and copyrighted in 1994 by the International Swaps and Derivatives Association, Inc. |
(v) | Events of Default. Paragraph 7 will not apply to cause any Event of Default to exist with respect to Party B except that Paragraph 7(i) will apply to Party B solely in respect of Party B’s obligations under Paragraph 3(b) of the Credit Support Annex. Notwithstanding anything to the contrary in Paragraph 7, any failure by Party A to comply with or perform any obligation to be complied with or performed by Party A under the Credit Support Annex shall only be an Event of Default if (A) a Required Ratings Downgrade Event has occurred and been continuing for 30 or more Local Business Days, and (B) such failure is not remedied on or before the third Local Business Day after notice of such failure is given to Party A. |
(vi) | Expenses. Notwithstanding anything to the contrary in Paragraph 10, the Pledgor will be responsible for, and will reimburse the Secured Party for, all transfer and other taxes and other costs involved in any Transfer of Eligible Collateral. |
(vii) | Withholding. Paragraph 6(d)(ii) is hereby amended by inserting immediately after “the Interest Amount” in the fourth line thereof the words “less any applicable withholding taxes.” |
(viii) | Additional Definitions. As used in this Annex: |
“Collateral Event” means that no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold.
“DV01” means, with respect to a Transaction and any date of determination, the estimated change in the Secured Party’s Transaction Exposure with respect to such Transaction that would result from a one basis point change in the relevant swap curve on such date, as determined by the Valuation Agent in good faith and in a commercially reasonable manner. The Valuation Agent shall, upon request of Party B, provide to Party B a statement showing in reasonable detail such calculation.
“Exposure” has the meaning specified in Paragraph 12, except that after the word “Agreement” the words “(assuming, for this purpose only, that Part 1(f) of the Schedule is deleted)” shall be inserted and (2) at the end of such definition, the words “with terms substantially the same as those of this Agreement.” shall be inserted.
“Local Business Day” means, for purposes of this Annex: any day on which (A) commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in New York and the location of Party A, Party B and any Custodian, and (B) in relation to a Transfer of Eligible Collateral, any day on which the clearance system agreed between the parties for the delivery of Eligible Collateral is open for acceptance and execution of settlement instructions (or in the case of a Transfer of Cash or other Eligible Collateral for which delivery is contemplated by other means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign deposits) in New York and the location of Party A, Party B and any Custodian.
17
“Moody’s First Trigger Credit Support Amount” means, for any Valuation Date, the excess, if any, of
(I) | (A) | for any Valuation Date on which (I) a Moody’s First Trigger Ratings Event has occurred and has been continuing (x) for at least 30 Local Business Days or (y) since this Annex was executed and (II) it is not the case that a Moody’s Second Trigger Ratings Event has occurred and been continuing for at least 30 Local Business Days, an amount equal to the greater of (a) zero and (b) the sum of (i) the Secured Party’s Exposure for such Valuation Date and (ii) the sum, for each Transaction to which this Annex relates, of |
the least of (x) the product of the Moody’s First Trigger DV01 Multiplier and DV01 for such Transaction and such Valuation Date, (y) the product of (i) Moody’s First Trigger Notional Amount Multiplier and (ii) the Notional Amount for such Transaction for the Calculation Period for such Transaction (each as defined in the related Confirmation) which includes such Valuation Date and (z) the product of (i) the applicable Moody’s First Trigger Factor set forth in Table 1 and (ii) the Notional Amount for such Transaction for the Calculation Period for such Transaction (each as defined in the related Confirmation) which includes such Valuation Date; or |
(B) | for any other Valuation Date, zero, over |
(II) the Threshold for Party A such Valuation Date.
“Moody’s First Trigger DV01 Multiplier” means 15.
“Moody’s First Trigger Value” means, on any date and with respect to any Eligible Collateral other than Cash, the bid price obtained by the Valuation Agent multiplied by the Moody’s First Trigger Valuation Percentage for such Eligible Collateral set forth in Paragraph 13(b)(ii).
“Moody’s First Trigger Notional Amount Multiplier” means 2%.
“Moody’s Second Trigger Credit Support Amount” means, for any Valuation Date, the excess, if any, of
(I) | (A) | for any Valuation Date on which it is the case that a Moody’s Second Trigger Ratings Event has occurred and been continuing for at least 30 Local Business Days, an amount equal to the greatest of (a) zero, (b) the aggregate amount of the next payment due to be paid by Party A under each Transaction to which this Annex relates, and (c) the sum of (x) the Secured Party’s Exposure for such Valuation Date and (y) the sum, for each Transaction to which this Annex relates, of |
(1) if such Transaction is not a Transaction-Specific Hedge,:
the least of (i) the product of the Moody’s Second Trigger DV01 Multiplier and DV01 for such Transaction and such Valuation Date, (ii) the product of (1) the Moody’s Second Trigger Notional Amount Multiplier and (2) the Notional Amount for such Transaction for the Calculation Period of such Transaction (each as defined in the related Confirmation) which includes such Valuation Date; and (iii) the product of (1) the applicable Moody’s Second Trigger Factor set forth in Table 2 and (2) the Notional Amount for such Transaction for the Calculation Period for such Transaction (each as defined in the related Confirmation) which includes such Valuation Date; or
18
(2) if such Transaction is a Transaction-Specific Hedge,
the least of (i) the product of the Moody’s Second Trigger Transaction-Specific Hedge DV01 Multiplier and DV01 for such Transaction and such Valuation Date, (ii) the product of (1) the Moody’s Second Trigger Transaction-Specific Hedge Notional Amount Multiplier and (2) the Notional Amount for such Transaction for the Calculation Period for such Transaction (each as defined in the related Confirmation) which includes such Valuation Date; and (iii) the product of (1) the applicable Moody’s Second Trigger Factor set forth in Table 3 and (2) the Notional Amount for such Transaction for the Calculation Period for such Transaction (each as defined in the related Confirmation) which includes such Valuation Date; or
(B) | for any other Valuation Date, zero, over |
(II) the Threshold for Party A for such Valuation Date.
“Moody’s Second Trigger DV01 Multiplier” means 50.
“Moody’s Second Trigger Notional Amount Multiplier” means 8%.
“Moody’s Second Trigger Transaction-Specific Hedge DV01 Multiplier” means 65.
“Moody’s Second Trigger Transaction-Specific Hedge Notional Amount Multiplier” means 10%.
“Moody’s Second Trigger Value” means, on any date and with respect to any Eligible Collateral other than Cash, the bid price obtained by the Valuation Agent multiplied by the Moody’s Second Trigger Valuation Percentage for such Eligible Collateral set forth in Paragraph 13(b)(ii).
“Pricing Sources” means the sources of financial information commonly known as Bloomberg, Bridge Information Services, Data Resources Inc., Interactive Data Services, International Securities Market Association, Merrill Lynch Securities Pricing Service, Muller Data Corporation, Reuters, Wood Gundy, Trepp Pricing, JJ Kenny, and S&P.
“Remaining Weighted Average Maturity” means, with respect to a Transaction, the expected weighted average maturity for such Transaction as determined by the Valuation Agent.
“S&P Approved Ratings Downgrade Event” means that no Relevant Entity has credit ratings at least equal to the S&P Approved Ratings Threshold.
“S&P Credit Support Amount” means, for any Valuation Date, the excess, if any, of
(I) | (A) | for any Valuation Date on which (i) a S&P Approved Ratings Downgrade Event has occurred and been continuing for at least 30 days, or (ii) a S&P Required Ratings Downgrade Event has occurred and is continuing, an amount equal to the sum of (1) 100.0% of the Secured Party’s Exposure for such Valuation Date and (2) the sum, for each Transaction to which this Annex relates, of the product of (i) the S&P Volatility Buffer for such Transaction and (ii) the Notional Amount of such Transaction for the Calculation Period of such Transaction (each as defined in the related Confirmation) which includes such Valuation Date, or |
19
(B) | for any other Valuation Date, zero, over |
(II) the Threshold for Party A for such Valuation Date.
“S&P Required Ratings Downgrade Event” means that no Relevant Entity has credit ratings at least equal to the S&P Required Ratings Threshold.
“S&P Value” means, on any date and with respect to any Eligible Collateral other than Cash, the product of (A) the bid price obtained by the Valuation Agent for such Eligible Collateral and (B) the S&P Valuation Percentage for such Eligible Collateral set forth in paragraph 13(b)(ii).
“S&P Volatility Buffer” means, for any Transaction, the related percentage set forth in the following tables for S&P.
The higher of the S&P credit rating of (i) Party A and (ii) the Credit Support Provider of Party A, if applicable | Remaining Weighted Average Maturity of such Transaction up to 3 years | Remaining Weighted Average Maturity of such Transaction up to 5 years | Remaining Weighted Average Maturity of such Transaction Up to 10 years | Remaining Weighted Average Maturity of such Transaction up to 30 years |
“A-2” or higher | 2.75% | 3.25% | 4.00% | 4.75% |
“A-3” | 3.25% | 4.00% | 5.00% | 6.25% |
“BB+” or lower | 3.50% | 4.50% | 6.75% | 7.50% |
“Transaction Exposure” means, for any Transaction, Exposure determined as if such Transaction were the only Transaction between the Secured Party and the Pledgor.
“Transaction-Specific Hedge” means any Transaction that is (i) an interest rate swap in respect of which (x) the notional amount of the interest rate swap is “balance guaranteed” or (y) the notional amount of the interest rate swap for any Calculation Period (as defined in the related Confirmation) otherwise is not a specific dollar amount that is fixed at the inception of the Transaction, (ii) an interest rate cap, (iii) an interest rate floor or (iv) an interest rate swaption.
“Valuation Percentage” shall mean, for purposes of determining the S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger Value with respect to any Eligible Collateral or Posted Collateral, the applicable S&P Valuation Percentage, Moody’s First Trigger Valuation Percentage, or Moody’s Second Trigger Valuation Percentage for such Eligible Collateral or Posted Collateral, respectively, in each case as set forth in Paragraph 13(b)(ii).
“Value” shall mean, in respect of any date, the related S&P Value, the related Moody’s First Trigger Value, and the related Moody’s Second Trigger Value.
20
“Volatility Buffer” means, for any Transaction, the related percentage set forth in the following table (other than a Transaction identified in the related Confirmation as a Timing Hedge).
[Remainder of this page intentionally left blank]
IN WITNESS WHEREOF, the parties have executed this Annex by their duly authorized representatives as of the date of the Agreement.
LEHMAN BROTHERS SPECIAL FINANCING INC. | DEUTSCHE BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL INTEREST TRUST TRUSTEE (THE “SUPPLEMENTAL INTEREST TRUST TRUSTEE”) WITH RESPECT TO THE SUPPLEMENTAL INTEREST TRUST RELATING TO IMPAC SECURED ASSETS TRUST 2007-3, IMPAC SECURED ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-3 (THE “TRUST” AND “PARTY B”) | |
(Party A) | (Party B) | |
Name: | Name: | |
Title: | Title: | |
Date: | Date: |
21
Table 1
Moody’s First Trigger Factor
Remaining Weighted Average Life of Hedge in Years | Daily Collateral Posting |
1 or less | 0.15% |
More than 1 but not more than 2 | 0.30% |
More than 2 but not more than 3 | 0.40% |
More than 3 but not more than 4 | 0.60% |
More than 4 but not more than 5 | 0.70% |
More than 5 but not more than 6 | 0.80% |
More than 6 but not more than 7 | 1.00% |
More than 7 but not more than 8 | 1.10% |
More than 8 but not more than 9 | 1.20% |
More than 9 but not more than 10 | 1.30% |
More than 10 but not more than 11 | 1.40% |
More than 11 but not more than 12 | 1.50% |
More than 12 but not more than 13 | 1.60% |
More than 13 but not more than 14 | 1.70% |
More than 14 but not more than 15 | 1.80% |
More than 15 but not more than 16 | 1.90% |
More than 16 but not more than 17 | 2.00% |
More than 17 but not more than 18 | 2.00% |
More than 18 but not more than 19 | 2.00% |
More than 19 but not more than 20 | 2.00% |
More than 20 but not more than 21 | 2.00% |
More than 21 but not more than 22 | 2.00% |
More than 22 but not more than 23 | 2.00% |
More than 23 but not more than 24 | 2.00% |
More than 24 but not more than 25 | 2.00% |
More than 25 but not more than 26 | 2.00% |
More than 26 but not more than 27 | 2.00% |
More than 27 but not more than 28 | 2.00% |
More than 28 but not more than 29 | 2.00% |
More than 29 | 2.00% |
1
Table 2
Moody’s Second Trigger Factor for Interest Rate Swaps with Fixed Notional Amounts
Remaining Weighted Average Life of Hedge in Years | Daily Collateral Posting |
1 or less | 0.50% |
More than 1 but not more than 2 | 1.00% |
More than 2 but not more than 3 | 1.50% |
More than 3 but not more than 4 | 1.90% |
More than 4 but not more than 5 | 2.40% |
More than 5 but not more than 6 | 2.80% |
More than 6 but not more than 7 | 3.20% |
More than 7 but not more than 8 | 3.60% |
More than 8 but not more than 9 | 4.00% |
More than 9 but not more than 10 | 4.40% |
More than 10 but not more than 11 | 4.70% |
More than 11 but not more than 12 | 5.00% |
More than 12 but not more than 13 | 5.40% |
More than 13 but not more than 14 | 5.70% |
More than 14 but not more than 15 | 6.00% |
More than 15 but not more than 16 | 6.30% |
More than 16 but not more than 17 | 6.60% |
More than 17 but not more than 18 | 6.90% |
More than 18 but not more than 19 | 7.20% |
More than 19 but not more than 20 | 7.50% |
More than 20 but not more than 21 | 7.80% |
More than 21 but not more than 22 | 8.00% |
More than 22 but not more than 23 | 8.00% |
More than 23 but not more than 24 | 8.00% |
More than 24 but not more than 25 | 8.00% |
More than 25 but not more than 26 | 8.00% |
More than 26 but not more than 27 | 8.00% |
More than 27 but not more than 28 | 8.00% |
More than 28 but not more than 29 | 8.00% |
More than 29 | 8.00% |
2
Table 3
Moody’s Second Trigger Factor for Transaction-Specific Hedges
Remaining Weighted Average Life of Hedge in Years | Daily Collateral Posting |
1 or less | 0.65% |
More than 1 but not more than 2 | 1.30% |
More than 2 but not more than 3 | 1.90% |
More than 3 but not more than 4 | 2.50% |
More than 4 but not more than 5 | 3.10% |
More than 5 but not more than 6 | 3.60% |
More than 6 but not more than 7 | 4.20% |
More than 7 but not more than 8 | 4.70% |
More than 8 but not more than 9 | 5.20% |
More than 9 but not more than 10 | 5.70% |
More than 10 but not more than 11 | 6.10% |
More than 11 but not more than 12 | 6.50% |
More than 12 but not more than 13 | 7.00% |
More than 13 but not more than 14 | 7.40% |
More than 14 but not more than 15 | 7.80% |
More than 15 but not more than 16 | 8.20% |
More than 16 but not more than 17 | 8.60% |
More than 17 but not more than 18 | 9.00% |
More than 18 but not more than 19 | 9.40% |
More than 19 but not more than 20 | 9.70% |
More than 20 but not more than 21 | 10.00% |
More than 21 but not more than 22 | 10.00% |
More than 22 but not more than 23 | 10.00% |
More than 23 but not more than 24 | 10.00% |
More than 24 but not more than 25 | 10.00% |
More than 25 but not more than 26 | 10.00% |
More than 26 but not more than 27 | 10.00% |
More than 27 but not more than 28 | 10.00% |
More than 28 but not more than 29 | 10.00% |
More than 29 | 10.00% |
3
EXHIBIT N
SERVICING CRITERIA TO BE ADDRESSED
IN ASSESSMENT OF COMPLIANCE
(RMBS unless otherwise noted)
Where there are multiple checks for criteria the attesting party will identify in their management assertion that they are attesting only to the portion of the distribution chain they are responsible for in the related transaction agreements.
Key: X - obligation
Reg AB Reference | Servicing Criteria | Sub-Servicer | Master Servicer | Trustee |
General Servicing Considerations | ||||
1122(d)(1)(i) | Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. | X | X | X |
1122(d)(1)(ii) | If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. | To the extent applicable | X | |
1122(d)(1)(iii) | Any requirements in the transaction agreements to maintain a back-up servicer for the Pool Assets are maintained. | |||
1122(d)(1)(iv) | A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. | X | X | |
Cash Collection and Administration | ||||
1122(d)(2)(i) | Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. | X | X | X |
1122(d)(2)(ii) | Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. | X | X | X |
1122(d)(2)(iii) | Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. | X | X | |
1122(d)(2)(iv) | The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. | X | X | X |
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1122(d)(2)(v) | Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. | X | X | X |
1122(d)(2)(vi) | Unissued checks are safeguarded so as to prevent unauthorized access. | If applicable | ||
1122(d)(2)(vii) | Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. | X | X | X |
Investor Remittances and Reporting | ||||
1122(d)(3)(i) | Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of Pool Assets serviced by the Sub-Servicer. | X | X | |
1122(d)(3)(ii) | Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. | X | X | |
1122(d)(3)(iii) | Disbursements made to an investor are posted within two business days to the Sub-Servicer’s investor records, or such other number of days specified in the transaction agreements. | X | X | |
1122(d)(3)(iv) | Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. | X | X | |
Pool Asset Administration | ||||
1122(d)(4)(i) | Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. | X | X |
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1122(d)(4)(ii) | Pool assets and related documents are safeguarded as required by the transaction agreements | X | X | |
1122(d)(4)(iii) | Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. | X | X | X |
1122(d)(4)(iv) | Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Sub-Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. | X | ||
1122(d)(4)(v) | The Sub-Servicer’s records regarding the pool assets agree with the Sub-Servicer’s records with respect to an obligor’s unpaid principal balance. | X | ||
1122(d)(4)(vi) | Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. | X | X | |
1122(d)(4)(vii) | Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. | X | X | |
1122(d)(4)(viii) | Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). | X | ||
1122(d)(4)(ix) | Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. | X | X | |
1122(d)(4)(x) | Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. | X |
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1122(d)(4)(xi) | Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the Sub-Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. | X | ||
1122(d)(4)(xii) | Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Sub-Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission. | X | ||
1122(d)(4)(xiii) | Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the Sub-Servicer, or such other number of days specified in the transaction agreements. | X | ||
1122(d)(4)(xiv) | Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. | X | X | |
1122(d)(4)(xv) | Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. | X | X |
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EXHIBIT O
FORM 10-D, FORM 8-K AND FORM 10-K
REPORTING RESPONSIBILITY
As to each item described below, the entity indicated as the Responsible Party shall be primarily responsible for reporting the information to the Trustee pursuant to Section 3.25. If the Trustee is indicated below as to any item, then the Trustee is primarily responsible for obtaining that information.
Under Item 1 of Form 10-D: a) items marked “4.02 statement” are required to be included in the periodic Distribution Date statement under Section 4.02, provided by the Trustee based on information received from the Master Servicer; and b) items marked “Form 10-D report” are required to be in the Form 10-D report but not the 4.02 statement, provided by the party indicated. Information under all other Items of Form 10-D is to be included in the Form 10-D report.
Form | Item | Description | Responsible Party |
10-D | Must be filed within 15 days of the Distribution Date. | ||
1 | Distribution and Pool Performance Information | ||
Item 1121(a) - Distribution and Pool Performance Information | |||
(1) Any applicable record dates, accrual dates, determination dates for calculating distributions and actual distribution dates for the distribution period. | 4.02 statement | ||
(2) Cash flows received and the sources thereof for distributions, fees and expenses. | 4.02 statement | ||
(3) Calculated amounts and distribution of the flow of funds for the period itemized by type and priority of payment, including: | 4.02 statement | ||
(i) Fees or expenses accrued and paid, with an identification of the general purpose of such fees and the party receiving such fees or expenses. | 4.02 statement | ||
(ii) Payments accrued or paid with respect to enhancement or other support identified in Item 1114 of Regulation AB (such as insurance premiums or other enhancement maintenance fees), with an identification of the general purpose of such payments and the party receiving such payments. | 4.02 statement | ||
(iii) Principal, interest and other distributions accrued and paid on the asset-backed securities by type and by class or series and any principal or interest shortfalls or carryovers. | 4.02 statement | ||
(iv) The amount of excess cash flow or excess spread and the disposition of excess cash flow. | 4.02 statement | ||
(4) Beginning and ending principal balances of the asset-backed securities. | 4.02 statement | ||
(5) Interest rates applicable to the pool assets and the asset-backed securities, as applicable. Consider providing interest rate information for pool assets in appropriate distributional groups or incremental ranges. | 4.02 statement | ||
(6) Beginning and ending balances of transaction accounts, such as reserve accounts, and material account activity during the period. | 4.02 statement | ||
(7) Any amounts drawn on any credit enhancement or other support identified in Item 1114 of Regulation AB, as applicable, and the amount of coverage remaining under any such enhancement, if known and applicable. | 4.02 statement | ||
(8) Number and amount of pool assets at the beginning and ending of each period, and updated pool composition information, such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amounts. | 4.02 statement Updated pool composition information fields to be as specified by Depositor from time to time | ||
(9) Delinquency and loss information for the period. In addition, describe any material changes to the information specified in Item 1100(b)(5) of Regulation AB regarding the pool assets. | 4.02 statement. Form 10-D report: Depositor | ||
(10) Information on the amount, terms and general purpose of any advances made or reimbursed during the period, including the general use of funds advanced and the general source of funds for reimbursements. | 4.02 statement | ||
(11) Any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time. | Form 10-D report; Sub-Servicer | ||
(12) Material breaches of pool asset representations or warranties or transaction covenants. | Form 10-D report: Sub-Servicer | ||
(13) Information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met. | 4.02 statement | ||
(14) Information regarding any new issuance of asset-backed securities backed by the same asset pool, [information regarding] any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding or revolving period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable. Disclose any material changes in the solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets. | Form 10-D report: Depositor Form 10-D report: Depositor Form 10-D report: Depositor | ||
Item 1121(b) - Pre-Funding or Revolving Period Information Updated pool information as required under Item 1121(b). | Depositor |
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2 | Legal Proceedings | ||
Item 1117 - Legal proceedings pending against the following entities, or their respective property, that is material to Certificateholders, including proceedings known to be contemplated by governmental authorities: Seller Depositor Trustee Trustee Issuing entity Master Servicer Originator | Seller Depositor Trustee Trustee Depositor Master Servicer Originator | ||
3 | Sales of Securities and Use of Proceeds | ||
Information from Item 2(a) of Part II of Form 10-Q: With respect to any sale of securities by the sponsor, depositor or issuing entity, that are backed by the same asset pool or are otherwise issued by the issuing entity, whether or not registered, provide the sales and use of proceeds information in Item 701 of Regulation S-K. Pricing information can be omitted if securities were not registered. | Depositor | ||
4 | Defaults Upon Senior Securities | ||
Information from Item 3 of Part II of Form 10-Q: Report the occurrence of any Event of Default (after expiration of any grace period and provision of any required notice) | N/A | ||
5 | Submission of Matters to a Vote of Security Holders | ||
Information from Item 4 of Part II of Form 10-Q | Trustee | ||
6 | Significant Obligors of Pool Assets | ||
Item 1112(b) - Significant Obligor Financial Information* | N/A | ||
*This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Item. | |||
7 | Significant Enhancement Provider Information | ||
Item 1114(b)(2) - Credit Enhancement Provider Financial Information* Determining applicable disclosure threshold Obtaining required financial information or effecting incorporation by reference | N/A N/A | ||
Item 1115(b) - Derivative Counterparty Financial Information* Determining current maximum probable exposure Determining current significance percentage Obtaining required financial information or effecting incorporation by reference | Depositor | ||
*This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. | |||
8 | Other Information | ||
Disclose any information required to be reported on Form 8-K during the period covered by the Form 10-D but not reported | The Responsible Party for the applicable Form 8-K item as indicated below | ||
9 | Exhibits | ||
Distribution report | Trustee | ||
Exhibits required by Item 601 of Regulation S-K, such as material agreements | Depositor | ||
8-K | Must be filed within four business days of an event reportable on Form 8-K. | ||
1.01 | Entry into a Material Definitive Agreement | ||
Disclosure is required regarding entry into or amendment of any definitive agreement that is material to the securitization, even if depositor is not a party. Examples: servicing agreement, custodial agreement. Note: disclosure not required as to definitive agreements that are fully disclosed in the prospectus | Depositor |
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1.02 | Termination of a Material Definitive Agreement | ||
Disclosure is required regarding termination of any definitive agreement that is material to the securitization (other than expiration in accordance with its terms), even if depositor is not a party. Examples: servicing agreement, custodial agreement. | Depositor | ||
1.03 | Bankruptcy or Receivership | ||
Disclosure is required regarding the bankruptcy or receivership, if known to the Depositor, Sub-Servicer or Trustee, with respect to any of the following: Sponsor (Seller), Depositor, Sub-Servicer, Trustee, Swap Provider, Custodian | Depositor/Sub-Servicer | ||
2.04 | Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement | ||
Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the 4.02 statement | N/A | ||
3.03 | Material Modification to Rights of Security Holders | ||
Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement | Party requesting material modification | ||
5.03 | Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year | ||
Disclosure is required of any amendment “to the governing documents of the issuing entity” | Depositor | ||
5.06 | Change in Shell Company Status | ||
[Not applicable to ABS issuers] | Depositor | ||
6.01 | ABS Informational and Computational Material | ||
[Not included in reports to be filed under Section 3.25] | Depositor | ||
6.02 | Change of Master Servicer or Trustee | ||
Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers, certificate administrator or trustee. Reg AB disclosure about any new servicer or trustee is also required. | Trustee or Master Servicer | ||
6.03 | Change in Credit Enhancement or Other External Support | ||
Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external credit enhancements as well as derivatives. Reg AB disclosure about any new enhancement provider is also required. | Depositor | ||
6.04 | Failure to Make a Required Distribution | Trustee | |
6.05 | Securities Act Updating Disclosure | ||
If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. | Depositor | ||
If there are any new servicers or originators required to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. | Depositor | ||
7.01 | Regulation FD Disclosure | Depositor | |
8.01 | Other Events | ||
Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to security holders. | Depositor | ||
9.01 | Financial Statements and Exhibits | The Responsible Party applicable to reportable event | |
10-K | Must be filed within 90 days of the fiscal year end for the registrant. | ||
9B | Other Information | ||
Disclose any information required to be reported on Form 8-K during the fourth quarter covered by the Form 10-K but not reported | The Responsible Party for the applicable Form 8-K item as indicated above | ||
15 | Exhibits and Financial Statement Schedules | ||
Item 1112(b) - Significant Obligor Financial Information | N/A | ||
Item 1114(b)(2) - Credit Enhancement Provider Financial Information Determining applicable disclosure threshold Obtaining required financial information or effecting incorporation by reference | N/A N/A | ||
Item 1115(b) - Derivative Counterparty Financial Information Determining current maximum probable exposure Determining current significance percentage Obtaining required financial information or effecting incorporation by reference | Depositor | ||
Item 1117 - Legal proceedings pending against the following entities, or their respective property, that is material to Certificateholders, including proceedings known to be contemplated by governmental authorities: | |||
Seller Depositor Trustee Issuing entity Master Servicer Originator | Seller Depositor Trustee Issuing entity Master Servicer Originator | ||
Item 1119 - Affiliations and relationships between the following entities, or their respective affiliates, that are material to Certificateholders: Seller Depositor Trustee Issuing entity Master Servicer Originator Credit Enhancer/Support Provider, if any Significant Obligor, if any | Seller Depositor Trustee (only with respect to affiliations with the sponsor, depositor or issuing entity) Issuing entity Master Servicer Originator Depositor Depositor | ||
Item 1122 - Assessment of Compliance with Servicing Criteria | Each Party participating in the servicing function | ||
Item 1123 -Servicer Compliance Statement | Master Servicer |
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EXHIBIT P
[RESERVED]
P-1
EXHIBIT Q
FORM OF COUNTRYWIDE SERVICING AGREEMENT
(Provided Upon Request)
Q-1
EXECUTION COPY
EXHIBIT R
FORM OF ITEM 1115 AGREEMENT
Item 1115 Agreement (this “Agreement”), dated as of April 30, 2007, among Impac Funding Corporation (“Sponsor”), Impac Secured Assets Corp. (“Depositor”) and Lehman Brothers Special Financing Inc. (the “Derivative Provider”).
RECITALS
WHEREAS, Depositor has filed a registration statement on Form S-3 (each, a “Registration Statement”) with the U.S. Securities and Exchange Commission (the “Commission”) for purposes of offering mortgage-backed or asset-backed notes and/or certificates (the “Securities”) through one or more special purpose vehicles (each, an “Issuing Entity”);
WHEREAS, from time to time, on or prior to the closing date of a securitization (the “Closing Date”) pursuant to which Securities are offered and for which the Derivative Provider has provided a letter in the form of Exhibit One to Addendum A (each, a “Securitization”), the Derivative Provider enters into certain derivative agreements with the Issuing Entity (or a trustee or securities or swap administrator or other person acting in a similar capacity in connection with such Securitization (each, an “Administrator”)), or the Derivative Provider enters into certain derivative agreements with the Sponsor or an affiliate of the Sponsor and such derivative agreements are assigned to the Issuing Entity or an Administrator (each such agreement entered into from and after the date hereof, in either case, a “Derivative Agreement”);
WHEREAS, the Derivative Provider agrees and acknowledges that the Sponsor and the Depositor are required under Regulation AB (as defined herein) to disclose certain financial data and/or financial statements with respect to the Derivative Provider, depending on the applicable “significance percentage” for each Derivative Agreement as calculated from time to time in accordance with Item 1115 of Regulation AB;
WHEREAS, the Sponsor, on behalf of itself and each Issuing Entity through which it effects Securitizations, the Depositor and the Derivative Provider, desire to set forth certain rights and obligations with regard to financial data and/or financial statements which the Sponsor and the Depositor are required to disclose in accordance with Regulation AB (as defined herein) and certain related matters.
NOW, THEREFORE, in consideration of the mutual agreements set forth herein and for other good and valuable consideration the receipt and adequacy of which is hereby acknowledged, the parties hereby agree as follows:
Section 1. Definitions.
Additional Termination Event: With respect to any Derivative Agreement, as defined in the related Master Agreement.
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Affected Party: With respect to any Derivative Agreement, as defined in the related Master Agreement.
Business Day: Any day other than a Saturday, a Sunday or any day on which banking institutions in the states where the parties are located are authorized or obligated by law, executive order or governmental decree to be closed.
Company Information: As defined in Addendum A.
Company Financial Information: With respect to each Securitization, the financial data described in Item 1115(b)(1) of Regulation AB or the financial statements described in Item 1115(b)(2) of Regulation AB, in either case with respect to the Derivative Provider and any affiliated entities providing derivative instruments to the related Issuing Entity and/or Administrator; provided that the Derivative Provider shall not be required to calculate the “significance percentage” for purposes of this Agreement.
GAAP: As defined in Section 3(c).
Exchange Act: The Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.
Exchange Act Reports: With respect to an Issuing Entity, all Distribution Reports on Form 10-D, Current Reports on Form 8-K and Annual Reports on Form 10-K and any amendments thereto, required to be filed with respect to such Issuing Entity pursuant to the Exchange Act.
Free Writing Prospectus: With respect to each Securitization, the free writing prospectus or prospectuses prepared in connection with the public offering and sale of the related Securities and used to price such Securities and referenced in Exhibit One to Addendum A.
Master Agreement: With respect to any Derivative Agreement, the ISDA Master Agreement referenced in such Derivative Agreement, together with any Schedule, Credit Support Annex and Confirmations forming a part thereof or incorporated therein by reference, or, if no such ISDA Master Agreement exists, the ISDA Master Agreement deemed to apply to such Derivative Agreement pursuant to its terms, together with any Schedule, Credit Support Annex and Confirmations deemed to form a part thereof or to be incorporated therein by reference.
Prospectus Supplement: With respect to each Securitization, the prospectus supplement prepared in connection with the public offering and sale of the related Securities and referenced in Exhibit One to Addendum A.
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.
Securities Act: The Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.
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Section 2. | Information to be Provided by the Derivative Provider. |
(a) | Prior to printing the Free Writing Prospectus and/or Prospectus Supplement relating to each Securitization, the Derivative Provider, at its own expense, shall: |
(i) | provide to the Depositor such information as is reasonably requested in writing (via fax or in electronic form or such other format as agreed upon by the Depositor and the Derivative Provider) by the Depositor for the purpose of compliance with Item 1115(a)(1) of Regulation AB or the Securities Act in respect of such Securitization, which information shall include, at a minimum: |
(A) | the Derivative Provider’s legal name (and any d/b/a), |
(B) | the organizational form of the Derivative Provider, |
(C) | a description of the general character of the business of the Derivative Provider, |
(D) | a description of any affiliation (as set forth in Item 1119(a)) between the Derivative Provider and any of the following parties: |
the Sponsor (or any other sponsor identified to the Derivative Provider by the Sponsor or the Depositor),
the Depositor,
the Issuing Entity,
any servicer (or other person acting in a similar capacity) identified to the Derivative Provider by the Sponsor or the Depositor,
any trustee (or other person acting in a similar capacity) identified to the Derivative Provider by the Sponsor or the Depositor,
any originator identified to the Derivative Provider by the Sponsor or the Depositor,
any enhancement or support provider identified to the Derivative Provider by the Sponsor or the Depositor, and
any other material Securitization party identified to the Derivative Provider by the Sponsor;
(E) | information relating to any legal or governmental proceedings; and |
(F) | any other information reasonably identified in writing (via fax or in electronic form or such other format as agreed upon by the Depositor and the Derivative Provider) to the Derivative Provider that is material or otherwise required for the purpose of compliance (as determined by the Depositor in its sole discretion) with the Securities Act; and |
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(ii) | if reasonably requested by the Depositor for the purpose of compliance with Item 1115(b) of Regulation AB with respect to such Securitization, provide to the Depositor the Company Financial Information described in Item 1115(b)(1) of Regulation AB or Item 1115(b)(2) of Regulation AB (as specified by the Depositor). |
(b) | Following the Closing Date with respect to each Securitization and only for so long as the Depositor is required to file Exchange Act Reports in respect of the related Issuing Entity: |
(i) | the Derivative Provider, at its own expense, shall no later than the 25th calendar day of each month, notify the Depositor in writing of any affiliations that develop following the Closing Date between the Derivative Provider and any of the parties specified in Section 2(a)(i)(D) (and any other parties identified in writing by the Depositor), and provide to the Depositor a description of such affiliations; |
(ii) | if, on any Business Day the Depositor provides written notice to the Derivative Provider that the “significance percentage” for any Derivative Agreement relating to such Securitization (calculated separately or in the aggregate with other Derivative Agreements for such Securitization, such aggregation as determined by the Depositor in its sole discretion), is (x) 10% or more (but less than 20%) or (y) 20% or more, in each case based on a reasonable good-faith determination by the Depositor of the “significance percentage” in accordance with Item 1115 of Regulation AB (the providing of such notice, a “Derivative Disclosure Event”), the Derivative Provider, at its own expense, shall within ten (10) calendar days following receipt of such notice: |
(A) | provide to the Depositor the Company Financial Information described in (x) Item 1115(b)(1) of Regulation AB or (y) Item 1115(b)(2) of Regulation AB, respectively, |
(B) | with respect to each Derivative Agreement entered into in connection with such Securitization, cause another entity to replace the Derivative Provider as a party to such Derivative Agreement by way of a Permitted Transfer (as defined in such Derivative Agreement) or, if such replacement cannot be effected, to enter into a replacement derivative agreement on terms substantially identical to such Derivative Agreement (as determined by the Depositor in its sole discretion), which entity (1) meets or exceeds (or a guarantor, as applicable, for such entity meets or exceeds) any rating agency criteria set forth in, or otherwise applicable to, such Derivative Agreement (as determined by the Depositor in its sole discretion), (2) has entered into an agreement with Sponsor and Depositor substantially in the form of this Agreement, (3) has agreed to comply with the immediately preceding clause (A) and Section 2(b)(iii), and (4) has been approved by the Depositor (which approval shall not be unreasonably withheld), |
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(C) | only if sufficient to satisfy the requirements of Item 1115 of Regulation AB that are applicable to the Derivative Provider by the Depositor in its sole discretion, obtain a guaranty of the Derivative Provider’s obligations under each Derivative Agreement entered into in connection with such Securitization from an affiliate of the Derivative Provider, which affiliate (1) meets or exceeds any rating agency criteria set forth in, or otherwise applicable to, such Derivative Agreement (as determined by the Depositor in its sole discretion), (2) has entered into an agreement with the Sponsor and Depositor substantially in the form of this Agreement, (3) has agreed to comply with the immediately preceding clause (A) and Section 2(b)(iii), and (4) has been approved by the Depositor (which approval shall not be unreasonably withheld), or |
(D) | only if sufficient to satisfy the requirements of Item 1115 of Regulation AB that are applicable to the Derivative Provider as determined by the Depositor in its sole discretion, post collateral in an amount sufficient to reduce the “significance percentage” for purposes of Item 1115 of Regulation AB with respect to any Derivative Agreement relating to such Securitization, calculated separately or in the aggregate with other Derivative Agreements for such Securitization (1) to 9.50% if the Depositor has notified the Derivative Provider that the “significance percentage” is 10% or more (but less than 20%) or (2) to 19.50% if the Depositor has notified the Derivative Provider that the “significance percentage” is 20% or more; and |
(iii) | for so long (A) as the Depositor is required to file Exchange Act Reports in respect of the related Issuing Entity and (B) the “significance percentage” for any Derivative Agreement relating to such Securitization (calculated separately or in the aggregate with other Derivative Agreements for such Securitization) is (x) 10% or more (but less than 20%) or (y) 20% or more, in each case based on a reasonable good-faith determination by the Depositor of the significance percentage in accordance with Item 1115 of Regulation AB, if the Derivative Provider has provided Company Financial Information to the Depositor pursuant to Section 2(a)(ii) or Section 2(b)(ii), the Derivative Provider, at its own expense, shall within five (5) days of the release of any updated Company Financial Information, provide to the Depositor such updated Company Financial Information. |
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(c) | The Derivative Provider shall provide all Company Financial Information provided pursuant to this Section 2 in Microsoft Word® format, Microsoft Excel® format or another format suitable for conversion to the format required for filing by the Depositor with the Commission via the Electronic Data Gathering and Retrieval System (EDGAR) (for avoidance of doubt, Company Financial Information shall not be provided in .pdf format); alternatively, if permitted by Regulation AB (as determined by the Sponsor in its sole discretion), the Derivative Provider may provide such Company Financial Information by providing to the Depositor written consent to incorporate by reference in Exchange Act Reports of the Depositor such Company Financial Information from reports filed by the Derivative Provider pursuant to the Exchange Act. In addition, the Derivative Provider shall also provide Company Financial Information provided pursuant to Section 2(a)(ii) in a format appropriate for use in the related Free Writing Prospectus and Prospectus Supplement. If any Company Financial Information provided pursuant to this Section 2 has been audited, the Derivative Provider shall cause its outside accounting firm to provide to the Depositor such accounting firm’s written consent to the filing or incorporation by reference in the Exchange Act Reports of the Depositor of such accounting firm’s report relating to its audits of such Company Financial Information. If any Company Financial Information provided pursuant to this Section 2 has not been audited, the Derivative Provider shall provide to the Depositor an appropriate agreed-upon procedures letter from the Derivative Provider’s outside accounting firm in respect of such Company Financial Information. |
Section 3. | Representations and Warranties of the Derivative Provider. |
The Derivative Provider represents and warrants to the Depositor, as of the date on which the Derivative Provider first provides Company Financial Information to the Depositor under Section 2(a)(ii), Section 2(b)(ii) or Section 2(b)(iii), that, except as disclosed in writing to the Depositor prior to such date:
(a) | the outside accounting firm that certifies the financial statements and supporting schedules included in Company Financial Information, or which provides a procedures letter with respect to such Company Financial Information, (as applicable) is an independent registered public accounting firm as required by the Securities Act; |
(b) | the selected financial data and summary financial information included in the Company Financial Information present fairly the information shown therein and have been compiled on a basis consistent with that of the audited financial statements of the Derivative Provider; |
(c) | the financial statements included in the Company Financial Information present fairly the consolidated financial position of the Derivative Provider (or the entity that consolidates the Derivative Provider) and its consolidated subsidiaries as of the dates indicated and the consolidated results of their operations and cash flows for the periods specified; except as otherwise stated in the Company Financial Information, such financial statements have been prepared in conformity with United States generally accepted accounting principles (“GAAP”) applied on a consistent basis; and the supporting schedules included in the Company Financial Information present fairly in accordance with GAAP the information required to be stated therein; and |
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(d) | the Company Financial Information and other Company Information included in any Free Writing Prospectus or Prospectus Supplement or referenced via a website link or incorporated by reference in the Registration Statement (including through filing on an Exchange Act Report), at the time they were or hereafter are filed with the Commission, complied in all material respects with the requirements of Item 1115(b) of Regulation AB (in the case of the Company Financial Information), and did not and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. |
Section 4. | Third Party Beneficiaries. |
(a) | The Derivative Provider agrees that the terms of this Agreement shall be incorporated by reference into any Derivative Agreement as it relates to such Derivative Agreement so that each Issuing Entity or Administrator that is a party to a Derivative Agreement shall be an express third party beneficiary of this Agreement to the extent that it relates to such Derivative Agreement. |
Section 5. | Indemnification. |
(a) | The Derivative Provider indemnification set forth in Addendum A hereto is incorporated by reference herein. |
(b) | In connection with each Securitization that the Derivative Provider participates in, on or prior to the Closing Date of such Securitization, the Derivative Provider shall provide to the Depositor a letter signed by an authorized representative of the Derivative Provider, substantially in the form attached hereto as Exhibit One to Addendum A, incorporating into this Agreement and making a part of the indemnification provisions of this Agreement the Company Information provided by it for inclusion in the Free Writing Prospectus and the Prospectus Supplement relating to such Securitization, as of the date of such Free Writing Prospectus or Prospectus Supplement, as applicable. |
Section 6. | Additional Termination Events. |
(a) | (i) Any breach by the Derivative Provider of a representation or warranty set forth in Section 3 to the extent made as of a date prior to a Closing Date, which is not cured by such Closing Date (or, in the case of information required under Section 2(a), the date of printing of the Free Writing Prospectus or Prospectus Supplement, as applicable), or (ii) any breach by the Derivative Provider of a representation or warranty pursuant to Section 3 to the extent made as of a date subsequent to such Closing Date, or (iii) any failure by the Derivative Provider to comply with the requirements of Section 2(a), Section 2(b)(ii) or so much of Section 2(b)(iii) as relates to Section 2(a) or 2(b)(ii), in each case with respect to any Securitization, shall immediately and automatically, without notice, constitute an Additional Termination Event under each Derivative Agreement entered into in connection with such Securitization, with respect to which the Derivative Provider shall be the sole Affected Party. |
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(b) | In the event that a replacement entity or replacement derivative agreement has been secured in accordance with Section 2(b)(ii)(B), or a guarantor has been secured in accordance with Section 2(b)(ii)(C), the Derivative Provider shall promptly reimburse the Issuing Entity for all reasonable incidental expenses incurred by the Issuing Entity in connection with the replacement of the Derivative Provider or Derivative Agreement or addition of such guarantor. The provisions of this paragraph shall not limit whatever rights the Issuing Entity may have under other provisions of this Agreement or otherwise, whether in equity or at law, such as an action for damages, specific performance or injunctive relief. |
Section 7. | Miscellaneous. |
(a) | Construction. Throughout this Agreement, as the context requires, (i) the singular tense and number includes the plural, and the plural tense and number includes the singular, (ii) the past tense includes the present, and the present tense includes the past, and (iii) references to parties, sections, schedules, and exhibits mean the parties, sections, schedules, and exhibits of and to this Agreement. The section headings in this Agreement are inserted only as a matter of convenience, and in no way define, limit, extend, or interpret the scope of this Agreement or of any particular section. |
(b) | Assignment. No party to this Agreement may assign its rights under this Agreement without the prior written consent of the other parties hereto. Subject to the foregoing, this Agreement shall be binding on and inure to the benefit of the parties and their respective successors and permitted assigns. |
(c) | Notices. All notices and other communications hereunder will be in writing (including by facsimile) and effective only upon receipt, and, if sent to the Derivative Provider will be mailed or delivered to Lehman Brothers Inc., 745 Seventh Ave., 19th floor, New York, New York 10019, Fax: (646) 758-3689, Attn: Renilde Zug, if sent to the Sponsor will be mailed or delivered to Impac Funding Corporation, 19500 Jamboree Road, Irvine, California 92612, Fax: (949) 221-4856, Attn: Nancy Pollard, and if sent to the Depositor will be mailed or delivered to Impac Secured Assets Corp., 19500 Jamboree Road, Irvine, California 92612, Fax: (949) 475-3950, Attn: Gretchen Verdugo. |
(d) | Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York without regard to the conflict of laws principles thereof (other than Sections 5-1401 and 5-1402 of the New York General Obligations Law). |
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(e) | Additional Documents. Each party hereto agrees to execute any and all further documents and writings and to perform such other actions which may be or become necessary or expedient to effectuate and carry out this Agreement. |
(f) | Suspension of Obligations. The Derivative Provider’s obligations under this Agreement with respect to any Securitization, including, without limitation, its obligations to provide Company Information, Company Financial Information or any other information required by Regulation AB, obtain a guaranty of it’s obligations, post collateral and secure another entity to replace the Derivative Provider as a party under the applicable Derivative Agreement, shall be terminated beginning in any such year in which the Derivative Provider receives notification from the Administrator that the trust fund’s obligation to file periodic reports under the Exchange Act with respect to such Securitization has been terminated; provided however, the indemnification obligations of the Derivative Provider set forth in this Agreement shall survive the suspension of the Derivative Provider’s other obligations under this Agreement only to the extent of any failure of the Derivative Provider to comply with this Agreement that occurred prior to such suspension of the Exchange Act reporting. This obligation with respect to any Securitization shall continue to be terminated unless the Administrator or the Depositor notify the Derivative Provider that the trust fund’s obligations to file reports under the Exchange Act with respect to such Securitization has resumed. |
(g) | Amendment and Waiver. This Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto. No waiver of any provision of this Agreement or of any rights or obligations of any party under this Agreement shall be effective unless in writing and signed by the party or parties waiving compliance, and shall be effective only in the specific instance and for the specific purpose stated in that writing. |
(h) | Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, all of which together shall constitute one and the same instrument. |
(i) | Severability. Any provision hereof which is prohibited or unenforceable shall be ineffective only to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof. |
(j) | Integration. This Agreement contains the entire understanding of the parties with respect to the subject matter hereof. There are no restrictions, agreements, promises, representations, warranties, covenants or undertakings with respect to the subject matter hereof other than those expressly set forth or referred to herein. This Agreement supersedes all prior agreements and understandings between the parties with respect to its subject matter. |
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IN WITNESS WHEREOF, the parties hereto have caused their names to be signed hereto by their respective officers thereunto duly authorized as of the day and year first above written.
IMPAC FUNDING CORPORATION
By:
Name:
Title:
Name:
Title:
IMPAC SECURED ASSETS CORP.
By:
Name:
Title:
Name:
Title:
LEHMAN BROTHERS SPECIAL FINANCING INC.
By:
Name:
Title:
Name:
Title:
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Addendum A
(a) The Derivative Provider agrees to indemnify and hold harmless the Depositor and the Sponsor and each of its directors and officers and affiliates and each person, if any, who controls the Depositor within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, against (I) any and all actual losses, claims, expenses (including the reasonable fees and expenses of legal counsel), damages or liabilities to which the Depositor or the Sponsor or any such director, officer or controlling person may become subject, under the Securities Act or otherwise, insofar as such losses, claims, expenses, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact or omission of a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading in the information provided pursuant to Section 2(a) of this Agreement by or on behalf of the Derivative Provider that is included in a Free Writing Prospectus and/or Prospectus Supplement related to the Securitization and identified in Exhibit One hereto (collectively, the “Company Information”) (as of the respective dates of such Free Writing Prospectus and Prospectus Supplement) or any Company Financial Information or any other information required to be provided by the Derivative Provider pursuant to Section 2 of this Agreement, or (II) for any and all actual losses, claims, expenses, damages or liabilities incurred by the Depositor or the Sponsor or any such director, officer or controlling person in connection with the failure of the Derivative Provider to comply with this Agreement; and will reimburse any such reasonable legal or other expenses actually incurred by the Depositor or the Sponsor or any such director, officer or controlling person in connection with investigating or defending any such loss, claim, damage, liability or action. This indemnity agreement will be in addition to any liability which the Derivative Provider may otherwise have.
(b) The Depositor agrees to indemnify and hold harmless the Derivative Provider, each of its directors, each of its officers and each person, if any, who controls the Derivative Provider within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, against any and all actual losses, claims, expenses, damages or liabilities to which the Derivative Provider or any such director, officer or controlling person may become subject, under the Securities Act or otherwise, insofar as such losses, claims, expenses, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in the Free Writing Prospectus and/or Prospectus Supplement related to the Securitization other than with respect to the Company Information, or omission to state therein a material fact required to be stated therein or necessary to make the statements made therein not misleading; and will reimburse such reasonable legal or other expenses actually incurred by the Derivative Provider or any such director, officer or controlling person in connection with investigating or defending any such loss, claim, damage, liability or action. This indemnity agreement will be in addition to any liability which the Depositor may otherwise have.
(c) Promptly after receipt by an indemnified party under this Agreement of notice of the commencement of any action described therein, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Agreement, notify the indemnifying party of the commencement thereof, but the omission so to notify the indemnifying party will not relieve the indemnifying party from any liability that it may have to any indemnified party (a) under this Agreement except to the extent that the omission to notify the indemnifying party with respect to this Agreement materially adversely affects the indemnifying party's ability to perform under this Agreement or (b) otherwise than under this Agreement. In case any such action is brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein, and, to the extent that it may wish to do so, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and, after notice from the indemnifying party to such indemnified party under this Agreement, such indemnifying party shall not be liable for any legal or other expenses subsequently incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation.
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Any indemnified party shall have the right to employ separate counsel in any such action and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such indemnified party unless: (i) the employment thereof has been specifically authorized by the indemnifying party in writing; (ii) such indemnified party shall have been advised by such counsel that there may be one or more legal defenses available to it which are different from or additional to those available to the indemnifying party and in the reasonable judgment of such counsel it is advisable for such indemnified party to employ separate counsel; (iii) a conflict or potential conflict exists (based on advice of counsel to the indemnified party) between the indemnified party and the indemnifying party (in which case the indemnifying party will not have the right to direct the defense of such action on behalf of the indemnified party) or (iv) the indemnifying party has failed to assume the defense of such action and employ counsel reasonably satisfactory to the indemnified party, in which case, if such indemnified party notifies the indemnifying party in writing that it elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of such action on behalf of such indemnified party, it being understood, however, the indemnifying party shall not, in connection with any one such action or separate but substantially similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to local counsel) at any time for all such indemnified parties, which firm shall be designated in writing by the indemnified party.
Each indemnified party, as a condition of the indemnity agreements contained in clause (a) and clause (b), shall use its best efforts to cooperate with the indemnifying party in the defense of any such action or claim. No indemnifying party shall be liable for any settlement of any such action or claim effected without its written consent (which consent shall not be unreasonably withheld), but if settled with its written consent or if there be a final judgment for the plaintiff in any such action, the indemnifying party agrees to indemnify and hold harmless any indemnified party from and against any loss or liability (to the extent set forth in clause (a) or clause (b) as applicable) by reason of such settlement or judgment.
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(d) If the indemnification provided for in clause (a) or clause (b) is unavailable or insufficient to hold harmless an indemnified party under clause (a) or (b) above, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of the losses, claims, expenses, damages or liabilities referred to in clause (a) or (b) above (i) in such proportion as is appropriate to reflect the relative benefits received by the Depositor on the one hand and the Derivative Provider on the other from the offering of the Offered Certificates and the Private Certificates or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Depositor on the one hand and the Derivative Provider on the other in connection with the statements or omissions which resulted in such losses, claims, expenses, damages or liabilities as well as any other relevant equitable considerations. The relative benefits received by the Depositor on the one hand and the Derivative Provider on the other shall be deemed to be in the same proportion as the total net proceeds from the offering (before deducting expenses) received by the Depositor bear to the total fees received by the Derivative Provider. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the Depositor or by the Derivative Provider and the parties' relative intent, knowledge, access to information and opportunity to correct or prevent such untrue statement or omission. The amount paid by an indemnified party as a result of the losses, claims, expenses, damages or liabilities referred to above in the first sentence of this clause (d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any action or claim, except where the indemnified party is required to bear such expenses, which is the subject of this clause (d). No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.
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EXECUTION COPY
Exhibit One to Addendum A
IMPAC SECURED ASSETS CORP.
IMPAC SECURED ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-3
Letter to the Depositor relating to the Company Information
Pursuant to Item 1115 Agreement
April 30, 2007
Impac Secured Assets Corp.
19500 Jamboree Road
Irvine, CA 92612
Ladies and Gentleman:
In accordance with Section 5(b) of the Item 1115 Agreement (the “Agreement”) dated as of April 30, 2007 IMPAC FUNDING CORPORATION as sponsor, IMPAC SECURED ASSETS CORP. the “Depositor”), and LEHMAN BROTHERS SPECIAL FINANCING INC., (the “Derivative Provider”), the information provided by the Derivative Provider contained in the Prospectus Supplement, dated April 27, 2007, including any supplement or amendment thereto, under the captions “The Interest Rate Swap Agreement and Cap Contracts - The Swap Provider”, attached hereto as Exhibit A (the “Company Information”) in connection with IMPAC SECURED ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-3 is hereby incorporated into the Agreement and made a part of the indemnification provisions of the Agreement as of the date of the related Prospectus Supplement. The Company Information is the only information furnished by the Derivative Provider to the Depositor for inclusion in the Prospectus Supplement. The indemnification provisions of the Agreement shall be in full force and effect as it relates to the Company Information as they relate to any other information provided by the Derivative Provider pursuant to the Agreement.
[SIGNATURE PAGE FOLLOWS]
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Very truly yours,
LEHMAN BROTHERS SPECIAL FINANCING INC.
By: ________________________
Name:
Title:
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EXHIBIT A
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EXHIBIT S
FORM OF SUBSEQUENT TRANSFER INSTRUMENT
Pursuant to this Subsequent Transfer Instrument, dated [_________] (the “Instrument”), between Impac Secured Assets Corp. as seller (the “Company”), and Deutsche Bank National Trust Company as Trustee and purchaser (the “Trustee”), and pursuant to the Pooling and Servicing Agreement, dated as of [_________] (the “Agreement”), among Impac Secured Assets Corp., Impac Funding Corporation and the Trustee, the Company and the Trustee agree to the sale by the Company and the purchase by the Trustee of the Subsequent Mortgage Loans on the attached Schedule 1 of Mortgage Loans (the “Subsequent Mortgage Loans”).
Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Agreement.
Section 1. Conveyance of Subsequent Mortgage Loans; Acceptance of Mortgage Loans by the Trustee.
(a) The Company does hereby sell, transfer, assign, set over and convey to the Trustee without recourse, all of its right, title and interest in and to the Subsequent Mortgage Loans, including all amounts due on the Subsequent Mortgage Loans after the related Subsequent Cut-off Date, and all items with respect to the Subsequent Mortgage Loans to be delivered pursuant to Section 2.07 of the Agreement; provided, however that the Company reserves and retains all right, title and interest in and to amounts due on the Subsequent Mortgage Loans on or prior to the related Subsequent Cut-off Date. The Company, contemporaneously with the delivery of this Instrument, has delivered or caused to be delivered to the Trustee each item set forth in Section 2.02 of the Agreement. The transfer to the Trustee by the Company of the Subsequent Mortgage Loans identified on the Mortgage Loan Schedule shall be absolute and is intended by the Company, the Master Servicer, the Trustee, the Certificateholders and the Certificate Insurer to constitute and to be treated as a sale by the Company to the Trust Fund.
(b) The Company, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey to the Trustee without recourse for the benefit of the Certificate holders and the Certificate Insurer all the right, title and interest of the Company, in, to and under the Subsequent Mortgage Loan Purchase Agreement, dated May 18, 2007, between the Company, as purchaser and Impac Funding Corporation, as seller (the “Subsequent Mortgage Loan Purchase Agreement”).
(c) The Trustee acknowledges receipt of, subject to the exceptions the applicable Custodian notes pursuant to the procedures described in Section 2.02 of the Agreement, the documents (or certified copies thereof) referred to in Section 2.1(b) of the Subsequent Mortgage Loan Purchase Agreement, and declares that it holds and will continue to hold those documents and any amendments, replacements or supplements thereto and all other assets as Trustee in trust for the use and benefit of all present and future Holders of the Certificates and the Certificate Insurer.
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(d) Additional terms of the sale are set forth on Attachment A hereto.
Section 2. Representations and Warranties; Conditions Precedent.
(a) The Company hereby confirms that each of the conditions and the representations and warranties set forth in Section 2.07 of the Agreement are satisfied as of the date hereof.
(b) All terms and conditions of the Agreement are hereby ratified and confirmed; provided, however, that in the event of any conflict, the provisions of this Instrument shall control over the conflicting provisions of the Agreement.
Section 3. Recordation of Instrument.
To the extent permitted by applicable law, this Instrument, or a memorandum thereof if permitted under applicable law, is subject to recordation in all appropriate public offices for real property records in all of the counties or other comparable jurisdictions in which any or all of the properties subject to the Mortgages are situated, and in any other appropriate public recording office or elsewhere, such recordation to be effected by the Master Servicer at the Certificateholders’ expense on direction of the related Certificateholders, but only when accompanied by an Opinion of Counsel to the effect that such recordation materially and beneficially affects the interests of the Certificateholders or is necessary for the administration or servicing of the Subsequent Mortgage Loans.
Section 4. Governing Law.
This Instrument shall be construed in accordance with the laws of the State of New York and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws, without giving effect to principles of conflicts of law.
Section 5. Counterparts.
This Instrument may be executed in one or more counterparts and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original; such counterparts, together, shall constitute one and the same instrument.
Section 6. Successors and Assigns.
This Instrument shall inure to the benefit of and be binding upon the Company and the Trustee and their respective successors and assigns.
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IMPAC SECURED ASSETS CORP.,
as Seller
By: __________________________
Name: Gretchen Verdugo
Title: EVP, CFO
DEUTSCHE BANK NATIONAL TRUST COMPANY,
as trustee under the Pooling and Servicing Agreement relating to Impac Secured Assets Corp. Mortgage Pass-Through Certificates, Series 2007-3
By: ___________________________
Name:
Title:
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EXHIBIT T
FORM OF ADDITION NOTICE
[___________]
Deutsche Bank National Trust Company
1761 East St. Andrew Place
Santa Ana, California 92705-4934
RE: | Pooling and Servicing Agreement, dated as of [____________] |
among Impac Secured Assets Corp., Impac Funding Corporation and |
Deutsche Bank National Trust Company, |
Mortgage Pass-Through Certificates, Series 2007-3, Subsequent Transfer |
Ladies and Gentlemen:
Pursuant to Section 2.07 of the Pooling and Servicing Agreement, the Company has designated Subsequent Mortgage Loans to be transferred to the Trustee on [__________], with an approximate aggregate principal balance of $[______]. Capitalized terms not otherwise defined herein have the meaning set forth in the Pooling and Servicing Agreement.
Please acknowledge your receipt of this notice by countersigning the enclosed copy in the space indicated below and returning it to the attention of the undersigned.
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Very truly yours,
IMPAC SECURED ASSETS CORP.,
By: ___________________________________
Name: Gretchen Verdugo
Title: EVP, CFO
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ACKNOWLEDGED AND AGREED:
DEUTSCHE BANK NATIONAL TRUST COMPANY,
as Trustee under the Pooling and Servicing Agreement
relating to Impac Secured Assets Corp. Mortgage
Pass-Through Certificates, Series 2007-3
By: __________________________________
Name: |
Title:
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