PNMAC Mortgage Opportunity Fund N-CSR/A Certified annual shareholder report (management investment company) (amended)

As filed with the Securities and Exchange Commission on October 27, 2017

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-22228

Investment Company Act file number

PNMAC Mortgage Opportunity Fund, LP(Exact name of registrant as specified in charter)

3043 Townsgate Road

Westlake Village, CA 91361(Address of principal executive offices) (Zip code)

Derek W. Starks, Secretary

PNMAC MORTGAGE OPPORTUNITY FUND, LP

3043 Townsgate Road

Westlake Village, CA 91361

(Name and address of agent for service)

Copies to:

Richard T. Prins, Esq.

Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square

New York, New York 10036

(818) 224-7050

Registrant’s telephone number, including area code

Date of fiscal year end: December 31

Date of reporting period:  December 31, 2014

EXPLANATORY NOTE

The Registrant is filing this amendment to its Form N-CSR for the fiscal year ended December 31, 2014, originally filed with the Securities and Exchange Commission on March 19, 2015. The purpose of this amendment is to include an audited Schedule of Investments in Item 6 – Investments as of December 31, 2014 and updated certifications attached as Exhibit 99. Except as set forth above, this amendment does not amend, update or change any other items or disclosures found in the original Form N-CSR filing.

Item 1. Reports to Stockholders.

PNMAC Mortgage Opportunity Fund, LP

and Subsidiaries

Annual Report

As of and for the year ended December 31, 2014

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Table of Contents

	Page
Financial Statements
Consolidated Statement of Assets and Liabilities	2
Consolidated Summary Schedule of Investments	3
Consolidated Statement of Operations	5
Consolidated Statements of Changes in Partners’ Capital	6
Consolidated Statement of Cash Flows	7
Consolidated Financial Highlights	8
Notes to Consolidated Financial Statements	11
Report of Independent Registered Public Accounting Firm	26
Additional Information	27
Directors and Officers	29

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Statement of Assets and Liabilities

December 31, 2014

Assets:
Investments at fair value (cost $233,246,384)	$	264,666,275
Receivable from PennyMac Loan Services, LLC		30,949,167
Interest receivable		2,100,476
Other assets		176,301
Total assets		297,892,219
Liabilities:
Payable to Investment Manager		888,099
Accrued expenses		450,014
Other liabilities		975,535
Total liabilities		2,313,648
Partners’ capital	$	295,578,571
Partners’ capital consists of:
Non-controlling Interest	$	26,764,463
General partner		40,772,973
Limited partner		228,041,135
Total partners’ capital	$	295,578,571

The accompanying notes are an integral part of these financial statements.

2

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Summary Schedule of Investments

December 31, 2014

INVESTMENTS - 90%*
INVESTMENTS IN NONAFFILIATES - 80%*
Description	Note Rate			State	Principal Amount		Fair Value
Mortgage loans
Mortgage Loan ID#1000043954		7.25	%	FL	$	2,250,000	$	1,803,097
Mortgage Loan ID#1000043543		4.00	%	CA		1,724,117		1,207,610
Mortgage Loan ID#1000015063		7.38	%	FL		1,350,000		1,032,277
Mortgage Loan ID#1000043569		2.63	%	CA		1,500,000		916,242
Mortgage Loan ID#1000002193		6.88	%	DC		990,000		877,102
Mortgage Loan ID#1000028984		2.00	%	CA		1,364,442		849,093
Mortgage Loan ID#1000043880		3.00	%	OR		1,387,425		846,737
Mortgage Loan ID#1000043932		2.88	%	MA		963,658		827,444
Mortgage Loan ID#1000027965		2.75	%	CO		916,891		803,634
Mortgage Loan ID#1000035343		6.50	%	CA		900,315		784,944
Mortgage Loan ID#1000015629		6.00	%	CA		996,000		782,377
Mortgage Loan ID#1000000784		7.00	%	CA		763,585		762,536
Mortgage Loan ID#1000017381		5.88	%	MA		849,072		756,536
Mortgage Loan ID#1000035099		6.00	%	NE		999,000		750,082
Mortgage Loan ID#1000015520		8.00	%	GA		1,000,000		707,678
Mortgage Loan ID#1000000557		6.90	%	NJ		990,473		698,466
Mortgage Loan ID#1000015969		7.43	%	MA		705,097		688,659
Mortgage Loan ID#1000043772		5.88	%	FL		920,218		680,737
Mortgage Loan ID#1000034910		3.00	%	CA		815,462		678,932
Mortgage Loan ID#1000015179		4.25	%	CT		887,187		660,366
Mortgage Loan ID#1000016466		3.00	%	CA		781,095		658,980
Mortgage Loan ID#1000015438		3.00	%	AZ		741,808		648,918
Mortgage Loan ID#1000026482		2.63	%	CA		745,574		639,399
Mortgage Loan ID#1000043535		5.34	%	NE		970,251		634,449
Mortgage Loan ID#1000026543		6.25	%	GA		731,500		633,220
Mortgage Loan ID#1000034768		2.88	%	NE		678,801		607,797
Mortgage Loan ID#1000035161		7.75	%	NE		632,986		594,283
Mortgage Loan ID#1000016663		6.88	%	OR		799,863		581,572
Mortgage Loan ID#1000028962		2.00	%	CA		713,838		558,432
Mortgage Loan ID#1000002189		7.25	%	NY		918,098		555,647
Mortgage Loan ID#1000025942		2.00	%	CA		626,372		541,117
Mortgage Loan ID#1000000811		3.00	%	CA		644,764		540,708
Mortgage Loan ID#1000026981		2.00	%	MA		779,245		530,980
Mortgage Loan ID#1000001651		7.38	%	FL		813,787		522,000
Mortgage Loan ID#1000043744		6.38	%	CA		778,451		513,723
Mortgage Loan ID#1000016006		7.15	%	NY		641,150		511,260
Mortgage Loan ID#1000043755		7.50	%	MI		478,088		511,147
Mortgage Loan ID#1000001411		3.00	%	CA		832,829		504,520
Mortgage Loan ID#1000027182		7.00	%	NE		649,095		499,818
Mortgage Loan ID#1000016833		6.50	%	NE		645,282		495,849
Mortgage Loan ID#1000026843		5.88	%	CA		536,000		489,102
Mortgage Loan ID#1000002404		3.44	%	NY		755,396		484,896
Mortgage Loan ID#1000016499		5.75	%	NE		720,000		481,573
Mortgage Loan ID#1000015840		4.00	%	CA		775,577		475,645
Mortgage Loan ID#1000015367		5.88	%	IL		545,527		474,317
Other		4.83	%			323,892,471		182,011,728
						364,100,790		212,815,629

(continued)

The accompanying notes are an integral part of these financial statements.

3

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Summary Schedule of Investments

December 31, 2014

(continued)

Description Note Rate State Principal Amount Fair Value

Real estate acquired in settlement of loans
Real Estate Owned ID#1000043536	N/A	MI	$	860,000	$	815,639
Real Estate Owned ID#1000001643	N/A	FL		621,672		772,666
Real Estate Owned ID#1000038536	N/A	MA		930,546		765,000
Real Estate Owned ID#1000043808	N/A	FL		471,000		620,000
Real Estate Owned ID#1000029360	N/A	MI		544,877		490,000
Other	N/A			41,706,101		21,232,505
				45,134,196		24,695,810
TOTAL INVESTMENTS IN NONAFFILIATES (Cost $206,091,548)				409,234,986		237,511,439
INVESTMENTS IN AFFILIATES - 10%*
Name of Issuer			Shares		Fair Value
Short-Term Investment
BlackRock Liquidity Funds: TempFund Institutional Shares ^				27,154,836		27,154,836
TOTAL INVESTMENTS IN AFFILIATES (Cost $27,154,836)				27,154,836		27,154,836
TOTAL INVESTMENTS (Cost $233,246,384)						264,666,275
Other assets in excess of other liabilities - 10%*						30,912,296
TOTAL PARTNERS’ CAPITAL - 100%*					$	295,578,571
*   Percentages are stated as a percent of partners’ capital
^  Investment represents securities held or issued by related parties
All investments are in the United States of America.

(Concluded)

The accompanying notes are an integral part of these financial statements.

4

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Statement of Operations

For the Year Ended December 31, 2014

Investment income
Interest from mortgage loans	$	45,461,373
Dividends from related party-
BlackRock Liquidity Funds: Tempfund Institutional Shares		8,331
Home Affordable Modification Program incentives		1,961,959
Other		90,156
Total investment income		47,521,819
Expenses
Mortgage loan servicing fees		5,015,209
Investment advisory fees		4,205,492
Collection and liquidation expenses		2,566,228
Interest		717,401
Professional fees		489,521
Collateral valuation		424,736
Insurance		312,905
Directors’ fees and expenses		296,905
Trustee fees		105,295
Administration fees		255,341
Loan accounting fees		48,487
Investment software licensing		47,633
Taxes		32,646
Custodian fees.		24,670
Registration fees		13,809
Total expenses before mortgage loan servicing fee rebate		14,556,278
Mortgage loan servicing fee rebate		(792,610	)
Net expenses		13,763,668
Net investment income		33,758,151
Net realized gain and change in unrealized gain on investments:
Net realized gain on investments		30,370,190
Net change in unrealized gain on investments		(31,062,723	)
Net realized gain and change in unrealized gain on investments		(692,533	)
Net income resulting from operations		33,065,618
Less: income attributable to Non-controlling Interest		16,045,681
Net increase in partners’ capital resulting from operations	$	17,019,937

The accompanying notes are an integral part of these financial statements.

5

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Statements of Changes in Partners’ Capital

For the Years Ended December 31, 2014 and 2013

				General			Limited
				Partner			Partner			Total
Partners’ capital, December 31, 2012		-		$	29,786,420		$	331,483,559		$	361,269,979
Distributions		-			-			(60,997,001	)		(60,997,001	)
Increase in partners’ capital from operations:
Net investment income		-			40			2,782,962			2,783,002
Net change in unrealized gain on investments		-			214			38,971,781			38,971,995
Net change in Carried Interest		-			7,917,934			(7,917,934	)		-
Net increase in partners’ capital from operations		-			7,918,188			33,836,809			41,754,997
	Non-controlling
	Interest
Partners’ capital, December 31, 2013	$	-			37,704,608			304,323,367			342,027,975
Adjustment for adoption of Accounting
Standards Update 2013-08 (Note 2)		45,394,581			-			-			45,394,581
Partners’ capital, January 1, 2014		45,394,581			37,704,608			304,323,367			387,422,556
Distributions		(34,675,799	)		-			(90,233,804	)		(124,909,603	)
Increase in partners’ capital from operations:
Net investment income		5,123,517			201			28,634,433			33,758,151
Net realized gain on investments		15,006,262			94			15,363,834			30,370,190
Net change in unrealized gain on investments		(4,084,098	)		(165	)		(26,978,460	)		(31,062,723	)
Net change in Carried Interest		-			3,068,235			(3,068,235	)		-
Net increase in partners’ capital from operations		16,045,681			3,068,365			13,951,572			33,065,618
Partners’ capital, December 31, 2014	$	26,764,463		$	40,772,973		$	228,041,135		$	295,578,571

The accompanying notes are an integral part of these financial statements.

6

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Statement of Cash Flows

For the Year ended December 31, 2014

Cash flows from operating activities:
Net increase in partners’ capital resulting from operations	$	33,065,618
Adjustments to reconcile net increase in partners’ capital resulting
from operations to net cash provided by operating activities:
Principal repayments on mortgage loans		30,218,488
Capitalization of interest on mortgage loans		(8,653,704	)
Sales of mortgage loans and real estate acquired in settlement of loans		154,371,972
Net change in short-term investment		(8,407,271	)
Accrual of unearned discount on mortgage loans		(29,129,936	)
Amortization of premium on asset-backed secured financing		(82,219	)
Net realized gain on investments		(30,370,190	)
Net change in unrealized gain on investments		31,062,723
Changes in other assets and liabilities:
Decrease in interest receivable		836,081
Decrease in receivable from PennyMac Loan Services, LLC		1,114,210
Decrease in other assets		1,001,117
Decrease in payable to Investment Manager		(245,920	)
Decrease in interest payable		(176,802	)
Decrease in accrued expenses		(106,249	)
Increase in other liabilities		99,526
Net cash provided by operating activities		174,597,444
Cash flows from financing activities:
Repayment of asset-backed secured financing		(49,687,841	)
Capital distributions to Non-controlling Interest		(34,675,799	)
Capital distributions to Limited Partner		(90,233,804	)
Net cash used in financing activities		(174,597,444	)
Net change in cash		-
Cash at beginning of year		-
Cash at end of year	$	-
Supplemental cash flow information:
Cash paid for income taxes	$	32,646
Cash paid for interest	$	976,422

The accompanying notes are an integral part of these financial statements.

7

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Financial Highlights

As of and for the Years ended December 31, 2014, 2013, 2012, 2011, 2010

For the year ended December 31, 2014
	General			Limited
	Partner (1)			Partner			Total
Total Return (2)
Before Carried Interest		6.67	%		5.39	%		5.39	%
Carried Interest (3)		1.47	%		-0.36	%		-
After Carried Interest		8.14	%		5.03	%		5.39	%
Internal rate of return (4)	426.38		%	10.15		%	11.85		%
Ratio of net investment income to weighted average
partners capital		9.92	%		9.38	%		9.38	%
Ratio of expenses to weighted average partners’ capital (1)		2.81	%		4.41	%		4.41	%
Carried Interest		-151,179.28	%		1.00	%		-
Ratio of expenses and carried interest to weighted average
partners’ capital		-151,176.47	%		5.41	%		4.41	%
Partners’ capital, end of year	$	40,772,973		$	228,041,135		$	268,814,108
Portfolio turnover rate								0.00	%
For the year ended December 31, 2013
	General			Limited
	Partner (1)			Partner			Total
Total Return (2)
Before Carried Interest		14.95	%		13.86	%		13.86	%
Carried Interest (3)		11.63	%		-1.40	%		-
After Carried Interest		26.58	%		12.46	%		13.86	%
Internal rate of return (4)		605.95	%		10.79	%		12.72	%
Ratio of net investment income to weighted average
partners capital		2.18	%		0.86	%		0.86	%
Ratio of expenses to weighted average partners’ capital (1)		0.31	%		1.68	%		1.68	%
Carried Interest		-430,447.69	%		2.44	%		-
Ratio of expenses and carried interest to weighted average
partners’ capital		-430,447.38	%		4.12	%		1.68	%
Partners’ capital, end of year	$	37,704,608		$	304,323,367		$	342,027,975
Portfolio turnover rate (5)								0.00	%

(Continued)

The accompanying notes are an integral part of these financial statements.

8

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Financial Highlights

As of and for the Years ended December 31, 2014, 2013, 2012, 2011, 2010

For the year ended December 31, 2012
	General			Limited
	Partner (1)			Partner			Total
Total Return (2)
Before Carried Interest		9.13	%		7.70	%		7.70	%
Carried Interest (3)		12.58	%		-0.97	%		-
After Carried Interest		21.71	%		6.73	%		7.70	%
Internal rate of return (4)		944.06	%		10.54	%		12.55	%
Ratio of net investment income to weighted average
partners capital		8.44	%		6.57	%		6.57	%
Ratio of expenses to weighted average partners’ capital (1)		0.83	%		2.30	%		2.30	%
Carried Interest		-327,857.36	%		1.39	%		-
Ratio of expenses and carried interest to weighted average
partners’ capital		-327,856.53	%		3.69	%		2.30	%
Partners’ capital, end of year	$	29,786,420		$	331,483,559		$	361,269,979
Portfolio turnover rate (5)								15.00	%
For the year ended December 31, 2011
	General			Limited
	Partner (1)			Partner			Total
Total Return (2)
Before Carried Interest		8.48	%		6.98	%		6.98	%
Carried Interest (3)		29.87	%		-1.47	%		-
After Carried Interest		38.35	%		5.51	%		6.98	%
Internal rate of return (4)		1,872.29	%		11.80	%		14.16	%
Ratio of net investment income to weighted average
partners capital		7.22	%		5.82	%		5.82	%
Ratio of expenses to weighted average partners’ capital (1)		0.83	%		2.30	%		2.30	%
Carried Interest		-451,547.69	%		1.68	%		-
Ratio of expenses and carried interest to weighted average
partners’ capital		-451,546.86	%		3.98	%		2.30	%
Partners’ capital, end of year	$	24,474,178		$	378,888,045		$	403,362,223
Portfolio turnover rate (5)								7.00	%

(Continued)

The accompanying notes are an integral part of these financial statements.

9

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Financial Highlights

As of and for the Years ended December 31, 2014, 2013, 2012, 2011, 2010

For the year ended December 31, 2010
	General			Limited
	Partner (1)			Partner			Total
Total Return (2)
Before Carried Interest		30.97	%		29.05	%		29.05	%
Carried Interest (3)		1,613,442.17	%		-4.89	%		-
After Carried Interest		1,613,473.14	%		24.16	%		29.05	%
Internal rate of return (4)		5,897.95	%		15.29	%		18.15	%
Ratio of net investment income to weighted average
partners capital		8.27	%		5.51	%		5.51	%
Ratio of expenses to weighted average partners’ capital (1)		0.76	%		2.36	%		2.36	%
Carried Interest		-1,386,765.96	%		4.77	%		-
Ratio of expenses and carried interest to weighted average
partners’ capital		-1,386,765.20	%		7.13	%		2.36	%
Partners’ capital, end of year	$	17,689,725		$	402,536,555		$	420,226,280
Portfolio turnover rate (5)								61.00	%

(1)	In accordance with the Limited Partnership Agreement of the Master Fund, not all expenses are allocated to the General Partner (see Note 8).
(2)	Total return is calculated for each partner class taken as a whole.  An investor’s return may vary from these returns based
	on different fee arrangements (as applicable) and the timing of capital transactions.
(3)	The carried interest is allocated (and subsequently distributed) by the Master Fund to the General Partner as allocable
	shares of the Master Fund’s gains.
(4)	Internal rate of return is computed based on the actual dates of the cash inflows (capital contributions), outflows (distributions),
	with the exception of distributions declared but not paid, net of carried interest on a life-to date basis.
(5)	Portfolio turnover rates do not include non-cash contributions or non-cash distributions from Mortgage Investments.

(Concluded)

The accompanying notes are an integral part of these financial statements.

10

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

Note 1—Organization

PNMAC Mortgage Opportunity Fund, LP (the “Master Fund”) is a limited liability partnership organized under the laws of the state of Delaware. The Master Fund is registered under the Investment Company Act of 1940, as amended. Interests in the Master Fund were issued solely in private placement transactions that do not involve any “public offering” within the meaning of Section 4(2) of the Securities Act of 1933, as amended. The investment objective of the Master Fund is to achieve attractive total returns by capitalizing on dislocations in the mortgage market through opportunistic investments primarily in U.S. residential mortgages and related assets, instruments, and entities.

The Master Fund is managed by PNMAC Capital Management, LLC (the “Investment Manager”). The Investment Manager is a registered investment adviser with the Securities and Exchange Commission (“the SEC”). The general partner of the Master Fund is PNMAC Opportunity Fund Associates, LLC (the “General Partner”), a Delaware limited liability company. Both the Investment Manager and General Partner are wholly-owned subsidiaries of Private National Mortgage Acceptance Company, LLC (“PNMAC”).

The Master Fund operates as a master fund in a master-feeder fund structure. The Master Fund acts as a central investment mechanism for (i) PNMAC Mortgage Opportunity Fund, LLC (the “Fund” or “Limited Partner”) and (ii) the General Partner. The Fund owned 77% of the Master Fund at December 31, 2014 and is the sole limited partner. The General Partner has the exclusive right to conduct the operations of the Master Fund.

The Master Fund conducts its operations through its subsidiaries: PNMAC Mortgage Co. Funding, LLC, PNMAC Mortgage Co. Funding II, LLC, PNMAC Mortgage Co., LLC,  and PNMAC Mortgage Co (FI), LLC (these companies are referred to collectively as the “Mortgage Investments”).

·   PNMAC Mortgage Co. Funding, LLC and PNMAC Mortgage Co. Funding II, LLC are wholly owned limited liability companies that acquire, hold and work out distressed U.S. residential mortgage loans and MBS resulting from securitization of such mortgage loans.

·   PNMAC Mortgage Co. LLC is a wholly owned limited liability company that acquires, holds and works out distressed U.S. residential mortgage loans.

·   PNMAC Mortgage Co (FI), LLC is an investment company that was formed to pool investor capital and take an interest in the proceeds of FNBN I, LLC (“FNBN”). FNBN is a limited liability company formed to own a pool of residential mortgage loans in a transaction with the Federal Deposit Insurance Corporation (the “FDIC”).

PNMAC Mortgage Co (FI), LLC is the sole member and manager of FNBN. Accordingly, PNMAC Mortgage Co (FI), LLC consolidates its investment in FNBN. The FDIC owns a substantial participation interest in the proceeds of the mortgage loans held by FNBN that depends on the amount of proceeds collected. The FDIC’s interest in FNBN is shown as a Non-controlling Interest in the Master Fund (the “Non-controlling Interest”). The FDIC’s Non-controlling Interest in FNBN is included in the Consolidated Statement of Assets and Liabilities as a component of Partners’ Capital.

The Master Fund owns a 100% interest in a series of PNMAC Mortgage Co (FI), LLC. The series holds its own assets and recognizes the revenues and expenses attributable to those assets.

11

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

PNMAC Mortgage Co (FI), LLC’s operating agreement with the FDIC governing its investment in FNBN limits PNMAC Mortgage Co (FI), LLC’s ability to transfer any of its rights or interests in FNBN. PNMAC Mortgage Co (FI), LLC may only transfer all or any part of its interest or rights if (i) the transferee is a qualified transferee as defined in the operating agreement and (ii) it first obtains prior written consent of the FDIC. The contract specifies that the consent shall not be unreasonably withheld, delayed or conditioned, if the transferee is a qualified transferee.

Through its mortgage servicing agreement with PennyMac Loan Services, LLC (“PLS”), the Master Fund proactively works with borrowers to perform loan servicing and loss mitigation activities to maximize returns and minimize credit losses. PLS is a wholly owned subsidiary of PNMAC.

The Master Fund seeks to maximize the value of the mortgage loans that it acquires based on whether the acquired loans are performing or nonperforming:

· The objective for performing loans is value enhancement through effective “high touch” servicing, which is based on significant levels of borrower outreach and contact, and the ability to implement long-term, sustainable loan modification and restructuring programs that address borrowers’ ability and willingness to pay their mortgage loans. Once the Master Fund has improved the credit quality of a loan, the Master Fund may monetize the enhanced value through various disposition strategies.

· When loan modifications and other efforts are unable to cure distressed loans, the Master Fund’s objective is to effect timely acquisition and liquidation of the property securing the mortgage loan.

As market conditions permit, PNMAC Mortgage Co., LLC may transfer the mortgage loans it owns to the Master Fund to be securitized for financing purposes or sale. The Master Fund may hold interests in pools of such securitized mortgage loans and invests directly in other mortgage-related investment securities.

The Master Fund began operations on August 11, 2008 and will continue in existence through December 31, 2016, subject to three one-year extensions by the Investment Manager at its discretion, in accordance with the terms of the Limited Partnership Agreement governing the Master Fund.

Note 2—Significant Accounting Policies

The Master Fund prepares its financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”) as codified by the Financial Accounting Standards Board (“FASB”) in its Accounting Standards Codification (the “Codification”). The Master Fund reports its investments in accordance with the Financial Services - Investment Companies topic of the Codification.

Following are the significant accounting policies adopted by the Master Fund:

Basis of Preparation

In June of 2013, the FASB issued an Accounting Standards Update (“ASU”) to the Codification, ASU 2013-08 Financial Services – Investment Companies - Amendments to the Scope, Measurement and Disclosure Requirements (“ASU 2013-08”). ASU 2013-08 changes the approach to determining whether an entity is an investment company within the scope of the Financial Services – Investment Companies topic of the Codification and provides comprehensive implementation guidance for that assessment. ASU 2013-08 also modifies measurement and disclosure requirements for investment companies within the scope of the Financial Services – Investment Companies topic of the Codification. ASU 2013-08 became effective for the Master Fund’s financial statements for the year ended December 31, 2014.

12

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

As the result of the Master Fund’s adoption of ASU 2013-08, the Investment Manager has concluded that the Master Fund and Mortgage Investments are all classified as investment companies. As a result of this new classification, the Master Fund has changed the reporting of its Mortgage Investments from recording them as separate investments at fair value to consolidation of the Mortgage Investments in its financial statements.

As a result of this change, in 2014, the Master Fund consolidated the Mortgage Investments’ assets and liabilities on its Consolidated Statement of Assets and Liabilities, the income and expenses relating to such investments on its Consolidated Statement of Operations and has recognized a Non-controlling Interest (described in Note 2 – Significant Accounting Policies – Partners’ Capital and Non-controlling Interest). Due to the prospective adoption of ASU 2013-08, certain opening balance adjustments were required to conform to current year presentation in the statement of changes in partners’ capital and Note 3.  Additionally, the adoption caused a change in the cost basis of the investments, which resulted in an offsetting reclassification between unrealized gains and interest income.  There was no change to either the General or Limited Partners’ capital accounts as a result of these changes.

Intercompany accounts and transactions have been eliminated upon consolidation.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires the Investment Manager to make estimates and assumptions that affect the reported amount of assets and liabilities, recognition of interest income and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results will likely differ from those estimates.

Fair Value

The Master Fund carries its investments at fair value with changes in fair value recognized in current period results of operations. The Master Fund groups its assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the observability of the assumptions used to determine fair value. The three levels are described below:

Level 1 – Quoted prices in active market for identical assets or liabilities.

Level 2 – Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants would use in pricing an asset or liability and are developed based on market data obtained from sources independent of the Master Fund. These may include quoted prices for similar assets and liabilities, interest rates, prepayment speeds, credit risk and others.

Level 3 – Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Investment Manager’s own assumptions about the factors that market participants use in pricing an asset or liability, and are based on the best information available in the circumstances.

While the Investment Manager believes its valuation methods are appropriate and consistent with those used by other market participants, the use of different methods or assumptions to estimate the fair value of certain financial instruments would likely result in a different estimate of fair value at the reporting date. Those fair values may differ significantly from the fair values that would have been used had a readily available market for such assets or liabilities existed, or had such assets or liabilities been liquidated, and those differences could be material to the financial statements.

13

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

Short-term Investments

The short-term investments are carried at fair value with changes in fair value recognized in current period operations.  Short-term investments, which represent investments in an institutional liquidity (or money market) fund, are valued based on the value per share published by the manager of the money market fund on the valuation date.  The Master Fund’s short-term investments are classified as a “Level 1” fair value financial statement item.

Interest Income Recognition

Interest income on mortgage loans is recognized over the life of the mortgage loan using the interest method. The Fund Administrator estimates, at the time of purchase, the future expected cash flows and determines the effective interest rate based on the estimated cash flows and the Master Fund’s purchase price. The Fund Administrator updates its cash flow estimates monthly.

Estimating cash flows is subject to a number of assumptions that are subject to uncertainties, including the rate and timing of principal repayments, the mortgage note interest rate, interest rate fluctuations, interest payment shortfalls due to delinquencies on the underlying mortgage loans, the likelihood of modification and the timing of the magnitude of credit losses on the mortgage loans. The Fund Administrator, subject to the oversight of the Investment Manager, applies its judgment in developing its inputs. These uncertainties are difficult to predict and are subject to future events whose outcomes will affect the Master Fund’s fair value amounts and interest income.

Dividends

Dividends on short-term investment which represents deposits in an institutional money market fund are accrued based on the interest earned by the money market fund reduced by its operating expenses as reported by the money market fund for the reporting period.

Home Affordable Modification Program Incentive Fees

The Master Fund receives incentive fees for successful modification of certain mortgage loans that are either delinquent or at risk of default under the U.S. Department of Housing and Urban Development’s Home Affordable Modification Program (“HAMP”). HAMP establishes standard loan modification guidelines for “at risk” homeowners and provides incentive payments to certain participants for achieving modifications and successfully remaining in the program. HAMP incentive fees are recognized as income when the Master Fund receives the incentive payments.

Expenses

The Master Fund is charged for those expenses that are directly attributable to it, such as, but not limited to advisory fees, custody fees, and interest. Expenses that are not directly attributable to the Master Fund are generally allocated among the entities in proportion to their assets. All expenses are recognized on the accrual basis of accounting.

Income Taxes

The Master Fund has elected to be treated as a partnership for federal income tax purposes. Each partner is responsible for the tax liability or benefit relating to such partner’s distributive share of taxable income or loss. Accordingly, no provision for federal income taxes is reflected in the accompanying financial statements.

14

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

The Investment Manager’s assessment of the requirement to provide for income taxes also includes an assessment of the liability arising from uncertain income tax positions. The Investment Manager has concluded that there is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions that will be taken on the tax return for the fiscal year ended December 31, 2014. The Investment Manager is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. In developing its conclusion, the Investment Manager of the Master Fund has analyzed all tax years that are open for examination by the relevant income taxing authority. As of December 31, 2014, open federal and state income tax years include the tax years ended December 31, 2011 through 2014 and December 31, 2010 through 2014, respectively. The Master Fund has no examination in progress.

If applicable, the Master Fund will recognize interest charges related to unrecognized tax benefits in “interest expense” and penalties in “other expenses” on the statement of operations.

No distributions will be made by the Master Fund to cover any taxes due on Limited Partners’ investments in the Master Fund. Investors may not redeem capital from the Master Fund, and they must have other sources of cash available to them to pay such taxes.

Partners’ Capital and Non-controlling Interest

Net profits or net losses of the Master Fund for each month are allocated to the capital accounts of partners as of the last day of each month in accordance with the partners’ respective investment ownership percentages of the Master Fund. Net profits or net losses are measured as the net change in the value of the partners’ capital of the Master Fund during the fiscal period, before giving effect to any repurchases of interests in the Master Fund, and excluding the amount of any items to be allocated to the capital accounts of the partners of the Master Fund, other than in accordance with the partners’ respective investment ownership percentages.

The Non-controlling Interest is secured by a first priority security interest in the mortgage loans owned by FNBN.  The Non-controlling Interest will terminate upon completion of the final distribution of proceeds from FNBN’s mortgage loans. The Non-controlling Interest has no voting rights.  The Non-controlling Interest has a clean-up call right exercisable after 10 years or when the unpaid principal balance of FNBN’s mortgage loans is 10% or less of the unpaid principal balance on the date of commencement of operations.

Distributions are made to the Non-controlling Interest and the Master Fund from cash flows remaining after FNBN is reimbursed for any allowable fees and costs (including management fees payable to FNBN). Initially, the Non-controlling Interest was entitled to receive 80% of proceeds available for distribution until the total distributions were $160 million. This occurred in December 2011 and as a result the Non-controlling Interest receives 60% of proceeds available for distribution.

Capital Distributions and Carried Interest

Partner distributions, other than the distributions to the Non-controlling Interest, are made in accordance with the following distribution priorities:

1. First, 100% to the Limited Partner until the Limited Partner has received 100% of the Limited Partner’s capital contributions (irrespective of whether such capital contributions were used to make investment, pay management fees and expenses or any other purpose);

2. Second, 100% to the Limited Partner, until the Limited Partner has received a preferred return on the amounts described in (1) above calculated at a rate of 8%, compounded annually;

15

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

3. Third, 100% to the General Partner until the General Partner has received an amount equal to 20% of the sum of (a) the profits distributed to the Limited Partner pursuant to (2) above and (b) the amount paid to the General Partner pursuant to this item (3); and

4. Thereafter, (i) 80% to the Limited Partner and (ii) 20% to the General Partner (the “Carried Interest”).

The Carried Interest is allocated (and subsequently distributed) by the Master Fund to the General Partner as allocable shares of the Master Fund’s gains.

Indemnifications

Under the Master Fund’s organizational documents, its officers and directors are indemnified against certain liabilities arising out of the performance of their duties to the Master Fund. In addition, in the normal course of business, the Master Fund may enter into contracts that provide general indemnification to other parties. The Master Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Master Fund that have not yet occurred, and may not occur. However, the Master Fund has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Note 3—Fair Value

Following is a summary of financial statement items that are measured at fair value on a recurring basis for the year ended December 31, 2014:

	Level 1		Level 2		Level 3		Total
Assets:
Short-term investment	$	27,154,836	$	-	$	-	$	27,154,836
Mortgage loans		-		-		212,815,629		212,815,629
Real estate acquired in settlement of loans		-		-		24,695,810		24,695,810
	$	27,154,836	$	-	$	237,511,439	$	264,666,275

There were no transfers of items measured at fair value between fair value hierarchy levels during the year ended December 31, 2014.

16

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

The following tables present a roll forward of the assets and liabilities for which Level 3 inputs were used to determine fair value for the year ended December 31, 2014.

	Mortgage Loans			Real Estate Acquired in Settlement of Loans			Mortgage Investments			Mortgage- Backed Security			Total
Assets:
Balance at December 31, 2013	$	-		$	-		$	333,598,762		$	5,887,357		$	339,486,119
Effect of adoption of ASU 2013-08*		355,800,716			29,012,927			(333,598,762	)		(5,887,357	)		45,327,524
Balance at January 1, 2014		355,800,716			29,012,927			-			-			384,813,643
Sales		(128,761,773	)		(25,610,199	)		-			-			(154,371,972	)
Repayments		(30,218,488	)		-			-			-			(30,218,488	)
Capitalization of interest		8,653,704			-			-			-			8,653,704
Accrual of unearned discounts		29,129,936						-			-			29,129,936
Transfers of mortgage loans to REO		(32,406,886	)		32,406,886			-			-			-
Net gains/(losses) on investments:
Realized		40,681,086			(10,310,896	)		-			-			30,370,190
Unrealized**		(30,062,666	)		(802,908	)		-			-			(30,865,574	)
Balance at December 31, 2014	$	212,815,629		$	24,695,810		$	-		$	-		$	237,511,439
Changes in fair value recognized during the year
relating to assets still held at December 31, 2014	$	(1,148,573	)	$	2,865,338		$	-		$	-		$	1,716,765

	Asset-backed Secured Financing
Liabilities:
Balance at December 31, 2013	$	-
Effect of adoption of ASU 2013-08*		49,572,911
Balance at January 1, 2014		49,572,911
Repurchases		(49,687,841	)
Amortization of premium		(82,219	)
Net unrealized loss on investments		197,149
Balance at December 31, 2014	$	-

*Adjustments for the adoption of ASU 2013-08 reflect the conversion of the Master Fund’s accounting for its Mortgage Investments from separate investments recorded at fair value to consolidation of the Mortgage Investments and recognition of mortgage loans, real estate acquired in settlement of loans, and asset-backed secured financing held by the Mortgage Investments.

**Changes in fair value as a result of changes in instrument-specific credit risk relating to mortgage loans resulted in a gain of $7,470,211 for the year ended December 31, 2014.

17

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

Valuation Techniques and Assumptions

Most of the Master Fund’s assets are carried at fair value with changes in fair value recognized in current period operations. A substantial portion of those assets are “Level 3” financial statement items which require the use of significant unobservable inputs in the estimation of the assets’ fair values. Unobservable inputs reflect the Investment Manager’s own assumptions about the factors that market participants use in pricing an asset or liability, and are based on the best information available under the circumstances.

Because the fair value of “Level 3” financial instruments is difficult to estimate, the Investment Manager’s process includes performance of these items’ valuation by a specialized staff and significant executive management oversight. The Investment Manager has assigned the responsibility for estimating the fair values of “Level 3” financial statement items to its Financial Analysis and Valuation group (the “FAV group”), which is responsible for estimating the fair value of and monitoring the Master Fund’s investment portfolios and maintenance of its valuation policies and procedures.

The Investment Manager’s FAV group submits the results of its valuations to the Investment Manager’s valuation committee, which oversees and approves the valuations before such valuations are included in the Master Fund’s periodic financial statements. The Investment Manager’s valuation committee includes the chief executive, financial, operating, credit, and asset/liability management officers of PNMAC.

The FAV group monitors the models used for valuation of the Master Fund’s “Level 3” financial statement items, including the models’ performance versus actual results and reports those results to the valuation committee. The results developed in the FAV group’s monitoring activities are used to calibrate subsequent projections used to estimate fair value.

The FAV group is responsible for reporting to the Investment Manager’s valuation committee on a monthly basis on the changes in the valuation of the portfolio, including major factors affecting the valuation and any changes in model methods and assumptions. To assess the reasonableness of its valuations, the FAV group presents an analysis of the effect on the valuation of each of the changes to the significant inputs to the models.

The following describes the methods used to estimate the fair values of Level 3 financial statement items:

Mortgage Loans

Mortgage loans held by the Master Fund are generally not saleable into active mortgage loan markets. Therefore the Master Fund classifies these assets as “Level 3” financial statement items, and their fair values are generally estimated using a discounted cash flow valuation model. Inputs to the model include current interest rates, loan amount, payment status and property type, and forecasts of future interest rates, home prices, prepayment speeds, default and loss severities.

The Investment Manager incorporates lack of liquidity into its fair value estimates based on the type of asset or liability measured and the valuation method used. For example, for mortgage loans where the significant inputs have become unobservable due to illiquidity in the markets for distressed mortgage loans or non-Agency, non-conforming mortgage loans, a discounted cash flow technique is used to estimate fair value. This technique incorporates forecasting of expected cash flows discounted at an appropriate market discount rate that is intended to reflect the lack of liquidity in the market.

18

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

The valuation process includes the computation by stratum of the loan population and a review for reasonableness of various measures such as weighted average life, projected prepayment and default speeds, and projected default and loss percentages. The Investment Manager’s FAV staff computes the effect on fair value of changes in inputs such as interest rates, home prices, and delinquency status to assess the reasonableness of changes in the loan valuation. The results of the estimates of fair value of the Master Fund’s mortgage loans are reported to the Investment Manager’s valuation committee as part of its review and approval of monthly valuation results.

Changes in fair value attributable to investment-specific credit risk are measured by the effect on the loan’s fair value of changes in the respective loan’s delinquency status at period-end from the later of the beginning of the period or acquisition date.

The significant unobservable inputs used in the fair value measurement of the Master Fund’s mortgage loans are discount rate, home price projections, voluntary prepayment speeds and default speeds. Significant changes in any of those inputs in isolation could result in a significant change to the loans’ fair value. Increases in home price projections are generally accompanied by an increase in voluntary prepayment speeds.

Following is a quantitative summary of key assumptions used in the valuation of mortgage loans at fair value:

Valuation Techniques	Key Inputs	Range (Weighted average)
Discounted cash flow	Discount   rate	2.34% - 22.95%
		(9.27%)
	Twelve-month housing price indexchange	4.04% - 5.34%
		(4.64%)
	Voluntary Prepayment speed (Life voluntary CRR) (1)	0.02% - 3.65%
		(2.85%)
	Total Prepayment speed (Life total CPR) (2)	1.25% - 23.13%
		(17.37%)

________________

(1) Prepayment speed is measured using Constant Repayment Rate

(2) Prepayment speed is measured using Conditional Prepayment Rate

Real Estate Acquired in Settlement of Loans

Fair value of real estate acquired in settlement of loans (“REO”) is determined by using a current estimate of fair value from a broker’s price opinion, a full appraisal or the price given in a pending contract of sale. REO fair values are reviewed by the Investment Manager’s staff appraisers when the Master Fund obtains multiple indications of fair value and there are significant differences between the fair values received. The Investment Manager’s staff appraisers will attempt to resolve the differences between the indications of fair value. In circumstances where the appraisers are not able to generate adequate data to support a fair value conclusion, the staff appraisers will order an additional appraisal to resolve the property’s fair value.

REO may be subsequently revalued due to the Master Fund receiving greater access to the property, the property being held for an extended period or management receiving indications that the property’s fair value may not be supported by developing market conditions.

19

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

Note 4—Concentration of Credit Risk

The Master Fund has assumed a concentration of credit risk in connection with its investments in mortgage loans and REO. The following is a summary of the distribution of mortgage loans held by the Master Fund as measured by fair value at December 31, 2014:

Loan Type	Fair value		% Partners’ capital			Weighted average note rate
Adjustable rate / Hybrid	$	75,815,371		25.65	%		5.40	%
Fixed- interest rate		93,977,280		31.80	%		5.67	%
Step Rate		41,792,635		14.14	%		2.28	%
Balloon		1,190,760		0.40	%		6.50	%
Other		39,583		0.01	%		7.00	%
Total Portfolio	$	212,815,629		72.00	%		4.83	%

Lien Position Fair value % Partners’ capital Weighted average note rate

1st Lien	$	211,064,458	71.40	%	4.76	%
2nd Lien		1,736,310	0.59	%	6.20	%
Unsecured		14,861	0.01	%	0.00	%
Total Portfolio	$	212,815,629	72.00	%	4.83	%

Loan Age (1) Fair value % Partners’ capital Weighted average note rate

Less than 24 months	$	223,810	0.08	%	4.45	%
24-36 months		135,308	0.05	%	5.59	%
48-60 months		5,073	0.00	%	5.25	%
36-48 months		6,695,689	2.27	%	2.79	%
60 months or more		205,755,749	69.60	%	4.92	%
Total Portfolio	$	212,815,629	72.00	%	4.83	%

1Loan Age reflects the age of the loan as of December 31, 2014.

20

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

Current Loan-to-Value(2)	Fair value		% Partners’ capital			Weighted average note rate
Less than 80%	$	38,977,294		13.19	%		5.03	%
80%-99.99%		47,457,244		16.06	%		4.93	%
100%-119.99%		58,037,925		19.64	%		4.85	%
120% or Greater		68,328,305		23.10	%		4.72	%
Unsecured		14,861		0.01	%		0.00	%
Total Portfolio	$	212,815,629		72.00	%		4.83	%

Payment Status Fair value % Partners’ capital Weighted average note rate

Current (3)	$	76,305,712	25.82	%	3.71	%
30 days delinquent		21,989,781	7.44	%	3.57	%
60 days delinquent		8,973,882	3.04	%	3.26	%
90 days or more delinquent		38,754,178	13.11	%	5.34	%
In Forclosure		66,792,076	22.59	%	6.24	%
Total Portfolio	$	212,815,629	72.00	%	4.83	%

Geographic Distribution Fair value % Partners’ capital Weighted average note rate

New York	$	37,019,537	12.52	%	5.62	%
California		35,080,563	11.87	%	3.33	%
Florida		29,639,761	10.03	%	5.59	%
New Jersey		16,123,375	5.45	%	5.36	%
Maryland		10,359,395	3.50	%	4.53	%
Illinois		8,875,266	3.00	%	4.63	%
Other/Unsecured		75,717,732	25.63	%	4.70	%
Total Portfolio	$	212,815,629	72.00	%	4.83	%

2Current loan-to-value measures the ratio of the current balance of the loan and all superior liens (“Loan”) to the estimate of the value of the property securing the liens (“Value”) as of   December 31, 2014.

3Current loans include loans in and adhering to a forbearance plans as of December 31, 2014.

21

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

Following is a summary of the distribution of REO:

Geographic Distribution		Fair value	% Partners’ capital
Florida	$	7,824,106	2.65	%
California		2,086,158	0.71	%
Illinois		1,714,515	0.58	%
New Jersey		1,672,847	0.57	%
Maryland		1,553,528	0.53	%
Other		9,844,656	3.32	%
Total Portfolio	$	24,695,810	8.36	%

Note 5—Investment Advisory, Administration and Custodian Fees

The Master Fund has an Investment Management Agreement with PNMAC Capital Management, LLC. Under the terms of the agreement, the Master Fund pays the Investment Manager a fee equal an annual rate of 1.5% of the Master Fund’s net asset value so long as the fee does not exceed 1.5% of the aggregate capital contributions to the Master Fund. The investment advisory fee is assessed monthly based on the partners’ beginning-of the month capital balances and is paid to the Investment Manager quarterly after the end of the quarter.

Investment advisory fees for the year ended December 31, 2014 were $4,205,492, of which $888,099 was payable to the Investment Manager at December 31, 2014.

The General Partner is not charged a management fee. The only expenses charged to the General Partner are those specifically relating to it.

The Master Fund has engaged U.S. Bancorp Fund Services, LLC to serve as the Master Fund’s administrator, fund accountant, transfer agent, and dividend paying agent. The Master Fund pays the administrator a monthly fee computed at an annual rate of 0.04% of the first $1,000,000,000 of the Master Fund’s total monthly net assets, 0.03% on the next $1,000,000,000 of the Master Fund’s total monthly net assets, and 0.02% on the balance of the Master Fund’s total monthly net assets subject to an annual minimum fee of $180,000. The administration expense for the year ended December 31, 2014 was $255,341.

The Master Fund and an affiliated fund have engaged U.S. Bank, N.A. to provide mortgage loan accounting services for the mortgage loans held in the Mortgage Investments. The Master Fund and an

affiliated fund pay U.S. Bank, N.A. a monthly fee computed at an annual rate of 0.9 basis points of unpaid principle balance of mortgage loans subject to an annual minimum fee of $20,000. The mortgage loan accounting fees charged to the Master Fund for the year ended December 31, 2014 were $48,487.

U.S. Bank, N.A. serves as the Master Fund’s custodian. The Master Fund pays the custodian a monthly fee computed at an annual rate of 0.01% on the Master Fund’s average daily market value subject to an annual minimum fee of $28,800 across all funds managed by the Investment Manager. Custody fees charged to the Master Fund for the year ended December 31, 2014 were $24,670.

Note 6—Directors and Officers

The Fund and Master Fund share the same board of directors. The Master Fund’s board of directors has overall responsibility for monitoring and overseeing the investment program of the Master Fund and its management and operations. All directors’ fees and expenses are paid by the Master Fund.  Certain officers of the Master Fund are affiliated with the Investment Manager. Such officers receive no compensation from the Master Fund for serving in their respective roles. Independent directors receive an annual retainer of $64,800 and a fee per meeting of the board of directors or committees of $2,000, subject to a cap of $15,000 per year for all non-regularly-scheduled meetings. The chairperson of the audit committee receives an annual retainer of $10,000 in addition to the amounts above. Directors are reimbursed by the Master Fund for their travel expenses related to board meetings. The total director fees and expenses incurred for the year ended December 31, 2014 were $296,905, of which $69,100 was payable at December 31, 2014.

22

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

One of the directors is an officer of the Investment Manager and the Master Fund and receives no compensation from the Master Fund for serving as a Director.

Note 7—Transactions with Affiliates

As of December 31, 2014, $40,770,889 in carried interest has been reallocated from the Limited Partner’s capital account to the General Partner’s capital account of which $3,068,235 was allocated in the year ended December 31, 2014.

The Master Fund paid $1,373,230 to the Investment Manager for reimbursable expenses paid on the Master Fund’s behalf during the year ended December 31, 2014. Of this amount, $553,737 was for professional fees, $424,736 was for collateral valuation, $309,175 was for insurance, $67,670 was for investment software licensing, $14,296 was for registration fees, and $3,616 was for custodian fees.

As of December 31, 2014, substantially all of the receivable from PLS of $30,949,167 on the Consolidated Statement of Assets and Liabilities  represents funds advanced to PLS to fund collection and liquidation costs relating to mortgage loans and REO serviced by PLS on the Fund’s behalf as well as principal, interest, and REO sales proceeds collections receivable.

Investment advisory fees are assessed monthly based on the partners’ beginning of the month capital balances and are paid to the Investment Manager quarterly after the end of the calendar quarter. The Master Fund incurred investment advisory fees of $4,205,492 during the year ended December 31, 2014, of which $888,099 was payable to the Investment Manager at December 31, 2014.

PLS acts as the primary mortgage servicer for all mortgage loans owned by the Master Fund. The servicing agreement between PLS and Master Fund generally provides for servicing fees of 50 to 100 basis points of unpaid principal balance per year, depending on the type and quality of the loans being serviced, plus other specified fees and charges. The servicing arrangement also requires that PLS will rebate to the Master Fund an amount equal to 13% of servicing-related fees charged to the Master Fund to approximate overall “at cost” pricing with respect to loan servicing activities for such assets. Total servicing fees before the rebate for the year ended December 31, 2014 totaled $5,015,209, comprised of $14,470 paid to non-affiliates and $5,000,739 charged by PLS. PLS reduced servicing fees by providing a rebate of $792,610 and a waiver of $875,713 relating to activity fees for the sale of certain loans for the year ended December 31, 2014.

The Master Fund’s short-term investment, the BlackRock Liquidity Funds: TempFund Institutional Shares, is managed by BlackRock Institutional Management Corporation which is a wholly owned subsidiary of BlackRock, Inc. BlackRock Inc. is an affiliate of the Master Fund. The Master Fund had $27,154,836 invested in the short-term investment at December 31, 2014, and for the year ended December 31, 2014, the Master Fund received $8,331 of dividend income from this short-term investment.

23

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

Note 8—Risk Factors

The Master Fund’s investment activities expose it to various types and degrees of risk associated with the financial instruments and markets in which it invests.

Investments in mortgage loans have exposure to risk that includes interest rate risk, market risk, and default risk (the potential non-payment of principal and interest, including default or bankruptcy of the issuer or the intermediary in the case of a mortgage loan participation). Mortgage loans are also subject to prepayment risk, which will affect the maturity of, and yield on, such investments.

Investments in REO are also subject to various risk factors. Generally, real estate investments could be adversely affected by a recession, natural disaster or general economic downturn in the area where the properties are located as well as the availability of similar properties in such area. Real estate investment performance is also subject to the effectiveness of a particular property manager in managing the property.

The Master Fund is indirectly subject to interest rate risk. Interest rate risk is the risk that investments in mortgage loans held by the Master Fund will decline in value because of changes in market interest rates. Investments in mortgage loans with long-term maturities may experience significant decreases in value if long-term mortgage interest rates increase.

Market risk represents the potential loss in value of financial instruments caused by movements in market factors including, but not limited to, market liquidity, investor sentiment, interest rates and foreign exchange rates. The Master Fund’s portfolio includes certain investments that are generally illiquid and have a greater amount of market risk than more liquid investments. These investments may trade in limited markets or have restrictions on resale or transfer and may not be able to be liquidated on demand if needed. The fair value assigned to these investments may differ significantly from the values that could be realized upon liquidation or that would have been used had a ready market existed. Such differences could be material to the financial statements.

Adverse changes in economic conditions are more likely to lead to a weakened capacity of borrowers to make principal interest payments. An economic downturn could severely affect the ability of highly leveraged borrowers to service their debt obligations or to repay their obligations. Under adverse market or economic conditions, the secondary market could contract further as well, increasing the illiquid nature of the loans. As a result, the Master Fund could find it more difficult to sell loans or may be able to sell only at prices lower than if such investments were widely traded.

An investment in the Master Fund is subject to investment risk, including the possible loss of the entire investment. An investment in the Master Fund represents an indirect investment in the loans held by the Master Fund. The fair value, like other market investments, may move up or down, sometimes rapidly and unpredictably. An investment in the Master Fund at any point in time may be worth less than the original investment. Investment fair values can fluctuate for several reasons including the general condition of the mortgage market or when political or economic events affecting the issuers occur.  As part of its investment strategy, the Master Fund may utilize borrowings. Master Fund investments may also use borrowings in the ordinary course of their operations. The use of borrowings, and the Master Fund’s ability to service the debt and comply with all of the covenants relating to such borrowings, may materially affect the operations of the Master Fund or its investments, and thus its ultimate value. Financing may not always be available on acceptable terms, in the necessary amounts, or for the period needed. This could have a material negative effect on the performance of the Master Fund.

24

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Year ended December 31, 2014

The Master Fund clears substantially all of its investment purchases and sales and maintains substantially all of its investments and cash positions at U.S. Bank, N.A. Credit risk is measured by the loss the Master Fund would record if U.S. Bank, N.A. failed to perform pursuant to the terms of its obligations.

Due to the nature of the master fund/feeder fund structure, the Master Fund could be materially affected by subscription or redemption activity.

Note 9—Subsequent Events

Management has evaluated all events or transactions through the date of issuance of these financial statements. During this period, the Master Fund paid distributions to the Fund in the amount of $295,583 for the payment of shareholder servicing fees and $10,000,000 for the payment of distributions to investors.

****

25

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Report of Independent Registered Public Accounting Firm

As of and for the Year ended December 31, 2014

  Deloitte & Touche LLP Suite 2700 555 West 5th Street Los Angeles, CA 90013-1010 USA Tel: +1 213 688 0800 Fax: +1 213 688 0100 www.deloitte.com

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Partners of

PNMAC Mortgage Opportunity Fund, LP and subsidiaries:

We have audited the accompanying consolidated statement of assets and liabilities of PNMAC Mortgage Opportunity Fund, LP and subsidiaries (the “Master Fund”), including the consolidated summary schedule of investments, as of December 31, 2014, and the related consolidated statements of operations and cash flows for the year then ended, the consolidated statement of changes in partners’ capital for each of the two years in the period then ended, and the consolidated financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Master Fund’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement.  The Master Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.  Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Master Fund’s internal control over financial reporting.  Accordingly, we express no such opinion.  An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  Our procedures included confirmation of investments owned as of December 31, 2014, by correspondence with the custodian and brokers; where replies were not received from the custodian, we performed other auditing procedures.  We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of PNMAC Mortgage Opportunity Fund, LP and subsidiaries as of December 31, 2014, the results of their operations and their cash flows for the year then ended, the changes in their partners’ capital for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.

As discussed in Note 2 to the consolidated financial statements, the Master Fund has changed its method of accounting for its investments in Mortgage Entities from reporting them individually at fair value in prior periods to consolidating those entities beginning January 1, 2014, due to the adoption of Financial Accounting Standards Board Accounting Standards Update No. 2013-08 Financial Services – Investment Companies – Amendments to the Scope, Measurement and Disclosure Requirements.

As discussed in Note 3 to the consolidated financial statements, the financial statements include investments in mortgage loans and real estate acquired in settlement of loans, valued at $237,511,439 (79.7% of total assets) as of December 31, 2014, whose fair values have been estimated by management in the absence of readily determinable fair values.

Member of Deloitte Touche Tohmatsu Limited

March 12, 2015

26

PNMAC Mortgage Opportunity Fund, LP

Additional Information

Form N-Q

The Master Fund files its complete schedule of portfolio holdings for the first and third quarters of each fiscal year with the SEC on Form N-Q. The Master Fund’s Form N-Q is available without charge by visiting the SEC’s Website at www.sec.gov and may be reviewed and copied at the SEC’s Public Reference Room in Washington D.C. You may obtain information on the operation of the Public Reference Room by calling (800) SEC-0330.

Proxy Voting

A description of the policies and procedures that the Master Fund uses to determine how to vote proxies relating to portfolio securities owned by the Master Fund and information regarding how the Master Fund voted proxies relating to portfolio securities during the most recent 12 month period ended June 30 are available to stockholders (i) without charge, upon request, by calling the Master Fund collect at (818) 224-7442; and (ii) on the SEC’s Website at http://www.sec.gov.

Board of Directors

The Master Fund’s Form N-2 includes additional information about the Master Fund’s directors and is available upon request without charge by calling the Master Fund collect at (818) 224-7442 or by visiting the SEC’s Website at www.sec.gov.

Forward-Looking Statements

This report contains “forward-looking statements,’’ which are based on current management expectations. Actual future results, however, may prove to be different from expectations. You can identify forward-looking statements by words such as “may,’’ “will,’’ “believe,’’ “attempt,’’ “seem,’’ “think,’’ “ought,’’ “try,’’ and other similar terms. The Master Fund’s past investment performance and returns are not predictive of its future investment performance and returns. The Master Fund cannot promise future investment performance or returns. Management’s opinions are a reflection of its best judgment at the time this report is compiled, and it disclaims any obligation to update or alter forward-looking statements as a result of new information, future events, or otherwise.

Approval of Investment Management Agreement

On June 2, 2014, the Board of Directors of the Master Fund and the Fund (collectively, the “Funds”), including the “non-interested” Directors (the “Independent Directors”), met in person and voted to approve the continuance of the Investment Management Agreements (including the portions of the Master Fund’s partnership agreement referred to therein) with the Investment Manager for an additional year.

In considering whether to recommend approval of the Investment Management Agreements, the Independent Directors reviewed materials provided by the Investment Manager and counsel to the Independent Directors. The Independent Directors also met with senior personnel of the Investment Manager and discussed a number of topics affecting their determination, including the following:

(i) The nature, extent, and quality of services expected to be provided by the Investment Manager. The Independent Directors reviewed the services that the Investment Manager provided to the Funds since inception in August 2008 and are expected to continue to provide to the Funds.  In addition, the Independent Directors considered the size, education, background, and experience of the Investment Manager’s staff, including the mortgage finance and capital markets experience of the Investment Manager’s senior management team.  Lastly, the Independent Directors reviewed the Investment Manager’s ability to attract and retain quality and experienced personnel.  The Independent Directors concluded that the scope of services provided since inception and expected to be provided by the Investment Manager to the Funds, and the experience and expertise of the personnel performing such services, was consistent with the nature, extent, and quality expected of an investment adviser of investment vehicles such as the Funds.

27

PNMAC Mortgage Opportunity Fund, LP

Additional Information

(ii) The investment performance of the Funds and the Investment Manager.  The Independent Directors received information about the performance of the Funds and the Investment Manager in managing the Fund.  The Directors also received performance information regarding the Funds compared to certain indexes, benchmarks, and/or registered and non-registered funds managed by other investment advisers that had somewhat comparable investment programs.

(iii) Cost of the services to be provided and profits to be realized by the Investment Manager and its affiliates from the relationship with the Funds.  The Independent Directors considered the estimated cost of the services provided by the Investment Manager.  As part of their analysis, the Independent Directors gave substantial consideration to the compensation payable to the Investment Manager.  The Independent Directors noted that the compensation terms would remain the same.  In reviewing the management compensation, the Independent Directors considered the management fees and operating expense ratios of other registered and non-registered funds managed by other investment advisers that had somewhat comparable investment programs.  The Independent Directors also reviewed and took into account other relationships between the Funds and the Investment Manager and its related persons, including the shareholder servicing agreement between the Investment Manager and the Fund, the mortgage servicing agreements between the Master Fund and an affiliate of the Investment Manager, and an agreement with BlackRock, which has an investment in the Investment Manager’s parent company, for a portfolio valuation analytic model.  The Independent Directors also considered the compensation charged by the Investment Manager to its other clients.  Finally, the Independent Directors took those other service agreements into account in the context of evaluating the profitability of the Investment Manager in respect of the overall relationship of the Investment Manager and its related persons to the Funds.

(iv) Economies of Scale.  The Independent Directors also considered that possible economies of scale from future growth of the Funds were not relevant inasmuch as the Funds were closed to any new investment and had limited terms.

The Independent Directors had an opportunity to have Executive Session with counsel to the Independent Directors.  During the course of their deliberations at the meeting on June 2, 2014, the Independent Directors thoroughly reviewed and evaluated the factors to be considered for approval of the Investment Management Agreements including, but not limited to:  the expenses incurred in performance of services by the Investment Manager; the compensation to be received by the Investment Manager under the Investment Management Agreements; the fees charged by the Investment Manager’s peers; the past performance of the Investment Manager; and the range and quality of services provided by the Investment Manager.

The Independent Directors expressed satisfaction with the information provided at the meeting on June 2, 2014 and prior meetings, and acknowledged that they had received sufficient information to consider and approve the continuance of the Investment Management Agreements.  No single factor was determinative to the decision of the Independent Directors.  Rather, after weighing all of the reasons discussed above, the Independent Directors unanimously approved the continuance of the Investment Management Agreements.

The Independent Directors concluded that the compensation that the Investment Manager would receive under the Investment Management Agreements was reasonable.

28

PNMAC Mortgage Opportunity Fund, LP

Directors and Officers

Name, Age, and Address	Position(s) Held with Master Fund	Term of Office and Length of Time Served	Principal Occupation(s) During Past Five Years	Number of Portfolios in Master Fund Complex Overseen by Director and Officers	Other Directorships/ Trusteeships Held
Independent Directors
Nancy Corsiglia (58)  c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, CA 93021	Director; Audit Committee Member; Governance and Nominating Committee Chairman	Indefinite Term. Served since August 25, 2010.	Engagement Partner at Tatum since 2014, Managing Partner of Devonshire Advisory Group since 2010 and Managing Director of Strategic Risk Associates, LLC since  2012.  Previously, Executive Vice President–Finance and Chief Financial Officer of the Bank of Virginia from 2010 to 2011. Previously, Executive Vice President and Chief Financial Officer of Federal Agricultural Mortgage Corp.Financial Officer of the Bank of Virginia from 2010 to 2011. Previously, Executive Vice President and Chief Financial Officer of Federal Agricultural Mortgage Corp.	2	Trustee of the Stoneleigh-Burnham School and Member of Board of Directors of Partners for Haitian Children. Previously served on the Board of Directors of the National Symphony Orchestra
Thomas P. Gybel (47) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, CA 93021	Director; Audit Committee Chairman; Governance and Nominating Committee Member	Indefinite Term. Served since May 29, 2008.	Senior advisor to financial services companies, Managing Director of White Mountains Capital Inc. from 2008 to 2010, and Managing Director of Global Finance for Deutsche Bank Securities Inc. from 2004 to 2007.	2	Member of Board of Directors and Chairman of the Special Committee of Ambac Assurance Corporation and Member of Board of Directors of Det Danske Suzuki Institut
Peter W. McClean (71) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, CA 93021	Director; Audit Committee Member; Governance and Nominating Committee Member	Indefinite Term. Served since May 29, 2008.	Managing Director of Gulfstream Advisors LLC since 2004 and President and Chief Executive Officer of Measurisk LLC from 2001 through 2003.	2	Member of Board of Directors of Northeast Bank, AZL Variable Insurance Products Trust and AZL Fund of Funds Trust (Allianz Funds).

29

Name, Age, and Address Position(s) Held with Master Fund Term of Office and Length of Time Served Principal Occupation(s) During Past Five Years Number of Portfolios in Master Fund Complex Overseen by Director and Officers Other Directorships/ Trusteeships Held

Interested Directors
David A. Spector (51) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, CA 93021	Director, President, Chief Operating Officer, Authorized Person	Indefinite Term. Served since May 29, 2008.	Chief Investment Officer of the Investment Adviser	2	Member of the Board of Directors of: PennyMac Financial Services, Inc.; PNMAC Mortgage Co., LLC; PennyMac Loan Services, LLC; PNMAC Opportunity Fund Associates, LLC; PennyMac Securities Holding, LLC; PennyMac GP OP, Inc.; PennyMac Corp; PennyMac Loan Services, Inc.; PNMAC Capital Management, LLC; and PMT Funding, LLC.Member of the Board of Trustees of PennyMac Mortgage Investment Trust.
Stanford L. Kurland (62) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, CA 93021	Chief Executive Officer, Authorized Person	Indefinite Term. Served since May 29, 2008.	Founder, Chairman and Chief Executive Officer of the Investment Adviser	2	Member of the Board of Directors of: PennyMac Financial Services, Inc.; PNMAC Mortgage Co., LLC; PennyMac Loan Services, LLC; PNMAC Opportunity Fund Associates, LLC; PennyMac Securities Holding, LLC; PennyMac GP OP, Inc.; PennyMac Corp; PennyMac Loan Services, Inc.; PNMAC Capital Management, LLC; and PMT Funding, LLC.Member of the Board of Trustees of PennyMac Mortgage Investment Trust.
David M. Walker (59) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, CA 93021	Chief Credit and Enterprise Risk Officer (no title with the Master Fund, only with the Investment Adviser)	Indefinite Term. Served since May 29, 2008.	Chief Credit and Enterprise Risk Officer of the Investment Adviser	2	None

30

Name, Age, and Address Position(s) Held with Master Fund Term of Office and Length of Time Served Principal Occupation(s) During Past Five Years Number of Portfolios in Master Fund Complex Overseen by Director and Officers Other Directorships/ Trusteeships Held

Anne D. McCallion (60) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, CA 93021	Chief Financial Officer	Indefinite Term. Served since April 27, 2009.	Chief Financial Officer of the Investment Advisor	2	Director of PennyMac Corp.
Derek W. Stark (47) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, CA 93021	Chief Legal Officer and Secretary, Authorized person	Indefinite Term. Served since August 14, 2012.	Executive Vice President, General Counsel, Corporate and Securities and Assistant Secretary of the Investment Advisor	2	None
Emily Silva  (50) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, CA 93021	Chief Compliance Officer	Indefinite Term.	Chief Compliance Officer of the Investment Advisor; Managing Director, Cipperman Compliance Services, LLC	2	None
Vandad Fartaj (40) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, CA 93021	Chief Capital Markets Officer (no title with the Master Fund, only with the Investment Adviser)	Indefinite Term. Served since March 3, 2010	Chief Capital Markets Officer of the Investment Advisor; formerly, Managing Director, Capital Markets for PNMAC Capital Markets, LLC	2	None
Andy S. Chang (37) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, CA 93021	Chief Business Development Officer (no title with the Master Fund, only with the Investment Adviser)	Indefinite Term. Served since May 29, 2008	Chief Business Development Officer of the Investment Advisor	2	None

31

Item 2. Code of Ethics.

On June 2, 2014, the Board of Directors of PNMAC Mortgage Opportunity Fund, LP approved changes to the Code of Ethics. The Code was amended:

a. To prohibit gifts/entertainment in amount greater than $100 per person (reduced from the current $250), without prior approval from the Chief Compliance Officer. Further, gifts/entertainment are to be reported quarterly (rather than at the end of the month after giving or receiving gifts or entertainment).

b. To require quarterly reporting of political contributions and outside business activities for all Access Persons.

c. To consolidate some of the reporting forms (code acknowledgement, political contributions) into a single quarterly reporting form.

Item 3. Audit Committee Financial Expert.

The registrant’s board of trustees has determined that there is at least one audit committee financial expert serving on its audit committee.  Mr. Peter W. McClean is the “audit committee financial expert” and is considered to be “independent” as each term is defined in Form N‑CSR.

Item 4. Principal Accountant Fees and Services.

The registrant has engaged its principal accountant to perform audit services, and tax services during the past two fiscal years.  “Audit services” refer to performing an audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years. “Tax services” refer to professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning. The following table details the aggregate fees billed or expected to be billed to the Fund and an affiliated Fund, PNMAC Mortgage Opportunity Fund, LLC for each of the last two fiscal years for audit fees, and tax fees by the principal accountant.

	FYE  12/31/2014	FYE  12/31/2013
Audit Fees	$265,000	$201,660
Audit-Related Fees	$0	$ 0
Tax Fees	$24,186	$16,440
All Other Fees	$0	$0

The audit committee has adopted pre-approval policies and procedures that require the audit committee to pre‑approve all audit and non‑audit services of the registrant, including services provided to any entity affiliated with the registrant.

The percentage of fees billed by Deloitte & Touche LLP applicable to non-audit services pursuant to waiver of pre-approval requirement were as follows:

	FYE  12/31/2014	FYE  12/31/2013
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

All of the principal accountant’s hours spent on auditing the registrant’s financial statements were attributed to work performed by full‑time permanent employees of the principal accountant.  (If more than 50 percent of the accountant’s hours were spent to audit the registrant’s financial statements for the most recent fiscal year, state how many hours were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees.)

The following table indicates the non-audit fees billedor expected to be billed by the registrant’s accountant for services to the registrant and to the registrant’s investment adviser (and any other controlling entity, etc.—not including any sub-adviser) for the last two years.  The audit committee of the board of trustees/directors has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser is compatible with maintaining the principal accountant’s independence and has concluded that the provision of such non-audit services by the accountant has not compromised the accountant’s independence.

Non-Audit Related Fees	FYE  12/31/2014	FYE  12/31/2013
Registrant	None	None
Registrant’s Investment Adviser	None	None

Item 5. Audit Committee of Listed Registrants.

Not applicable to registrants who are not listed issuers (as defined in Rule 10A-3 under the Securities Exchange Act of 1934).

Item 6. Investments.

INVESTMENTS - 90%*
INVESTMENTS IN NONAFFILIATES - 80%*
Description	Note Rate		State		PrincipalAmount		Fair Value
Mortgage loans
Mortgage Loan ID#1000043954	7.25%		FL	$	2,250,000	$	1,803,097
Mortgage Loan ID#1000043543	4.00%		CA		1,724,117		1,207,610
Mortgage Loan ID#1000015063	7.38%		FL		1,350,000		1,032,277
Mortgage Loan ID#1000043569	2.63%		CA		1,500,000		916,242
Mortgage Loan ID#1000002193	6.88%		DC		990,000		877,102
Mortgage Loan ID#1000028984	2.00%		CA		1,364,442		849,093
Mortgage Loan ID#1000043880	3.00%		OR		1,387,425		846,737
Mortgage Loan ID#1000043932	2.88%		MA		963,658		827,444
Mortgage Loan ID#1000027965	2.75%		CO		916,891		803,634
Mortgage Loan ID#1000035343	6.50%		CA		900,315		784,944
Mortgage Loan ID#1000015629	6.00%		CA		996,000		782,377
Mortgage Loan ID#1000000784	7.00%		CA		763,585		762,536
Mortgage Loan ID#1000017381	5.88%		MA		849,072		756,536
Mortgage Loan ID#1000035099	6.00%		NE		999,000		750,082
Mortgage Loan ID#1000015520	8.00%		GA		1,000,000		707,678
Mortgage Loan ID#1000000557	6.90%		NJ		990,473		698,466
Mortgage Loan ID#1000015969	7.43%		MA		705,097		688,659
Mortgage Loan ID#1000043772	5.88%		FL		920,218		680,737
Mortgage Loan ID#1000034910	3.00%	��	CA		815,462		678,932
Mortgage Loan ID#1000015179	4.25%		CT		887,187		660,366
Mortgage Loan ID#1000016466	3.00%		CA		781,095		658,980
Mortgage Loan ID#1000015438	3.00%		AZ		741,808		648,918
Mortgage Loan ID#1000026482	2.63%		CA		745,574		639,399
Mortgage Loan ID#1000043535	5.34%		NE		970,251		634,449
Mortgage Loan ID#1000026543	6.25%		GA		731,500		633,220
Mortgage Loan ID#1000034768	2.88%		NE		678,801		607,797
Mortgage Loan ID#1000035161	7.75%		NE		632,986		594,283
Mortgage Loan ID#1000016663	6.88%		OR		799,863		581,572
Mortgage Loan ID#1000028962	2.00%		CA		713,838		558,432
Mortgage Loan ID#1000002189	7.25%		NY		918,098		555,647
Mortgage Loan ID#1000025942	2.00%		CA		626,372		541,117
Mortgage Loan ID#1000000811	3.00%		CA		644,764		540,708
Mortgage Loan ID#1000026981	2.00%		MA		779,245		530,980
Mortgage Loan ID#1000001651	7.38%		FL		813,787		522,000
Mortgage Loan ID#1000043744	6.38%		CA		778,451		513,723
Mortgage Loan ID#1000016006	7.15%		NY		641,150		511,260
Mortgage Loan ID#1000043755	7.50%		MI		478,088		511,147
Mortgage Loan ID#1000001411	3.00%		CA		832,829		504,520
Mortgage Loan ID#1000027182	7.00%		NE		649,095		499,818
Mortgage Loan ID#1000016833	6.50%		NE		645,282		495,849
Mortgage Loan ID#1000026843	5.88%		CA		536,000		489,102
Mortgage Loan ID#1000002404	3.44%		NY		755,396		484,896
Mortgage Loan ID#1000016499	5.75%		NE		720,000		481,573
Mortgage Loan ID#1000015840	4.00%		CA		775,577		475,645
Mortgage Loan ID#1000015367	5.88%		IL		545,527		474,317
Mortgage Loan ID#1000043694	5.50%		CT		650,206		473,222
Mortgage Loan ID#1000029315	2.00%		CA		628,527		464,223
Mortgage Loan ID#1000015181	6.63%		IL		869,994		462,261
Mortgage Loan ID#1000000560	6.80%		NY		613,521		455,971
Mortgage Loan ID#1000026373	9.55%		GA		551,934		455,175
Mortgage Loan ID#1000038489	6.13%		NY		589,999		451,728
Mortgage Loan ID#1000026305	5.88%		CA		598,473		449,231
Mortgage Loan ID#1000043672	6.38%		NY		551,821		445,697
Mortgage Loan ID#1000027303	2.00%		NJ		677,313		445,027
Mortgage Loan ID#1000015570	4.13%		OR		465,672		438,137
Mortgage Loan ID#1000034934	2.00%		NY		745,445		436,631
Mortgage Loan ID#1000000753	5.00%		FL		680,306		436,552
Mortgage Loan ID#1000027525	8.00%		NJ		554,549		435,132
Mortgage Loan ID#1000016756	2.00%		MD		602,831		434,683
Mortgage Loan ID#1000043712	4.00%		MN		535,048		428,540
Mortgage Loan ID#1000002184	2.00%		NY		863,002		426,873
Mortgage Loan ID#1000002164	2.63%		CA		569,424		426,346
Mortgage Loan ID#1000003907	6.00%		MD		579,090		424,519
Mortgage Loan ID#1000026020	2.00%		CA		556,533		422,218
Mortgage Loan ID#1000026686	2.88%		MD		571,423		418,794
Mortgage Loan ID#1000035426	5.25%		CA		497,714		414,212
Mortgage Loan ID#1000001631	8.88%		NY		472,500		414,100
Mortgage Loan ID#1000001628	10.37%		NY		451,250		409,132
Mortgage Loan ID#1000000974	2.63%		CA		501,146		408,370
Mortgage Loan ID#1000026026	7.00%		NY		491,954		407,525
Mortgage Loan ID#1000016911	4.88%		CA		523,815		406,757
Mortgage Loan ID#1000016710	5.88%		NJ		529,780		405,002
Mortgage Loan ID#1000029085	10.20%		FL		427,283		404,541
Mortgage Loan ID#1000017076	7.63%		NY		438,280		397,708
Mortgage Loan ID#1000015922	2.88%		MO		505,904		394,927
Mortgage Loan ID#1000016313	7.00%		NY		413,491		392,476
Mortgage Loan ID#1000043537	7.38%		NY		570,325		390,273
Mortgage Loan ID#1000016791	7.75%		KY		497,342		388,669
Mortgage Loan ID#1000017507	2.75%		CA		485,086		387,280
Mortgage Loan ID#1000028071	6.25%		NJ		504,420		384,329
Mortgage Loan ID#1000002166	2.00%		NY		583,735		380,874
Mortgage Loan ID#1000035839	4.73%		IL		472,112		378,716
Mortgage Loan ID#1000003544	4.75%		MA		502,741		378,335
Mortgage Loan ID#1000029184	9.54%		NY		535,400		374,975
Mortgage Loan ID#1000035850	6.13%		NY		567,662		373,468
Mortgage Loan ID#1000001402	4.00%		CA		547,831		369,858
Mortgage Loan ID#1000043559	5.50%		VA		597,401		368,131
Mortgage Loan ID#1000016181	7.13%		FL		770,245		366,240
Mortgage Loan ID#1000002398	10.00%		NY		860,000		365,950
Mortgage Loan ID#1000015506	7.38%		FL		917,000		365,372
Mortgage Loan ID#1000016162	6.88%		FL		379,778		364,789
Mortgage Loan ID#1000001626	9.86%		NY		453,150		362,327
Mortgage Loan ID#1000026795	2.75%		CA		581,236		362,023
Mortgage Loan ID#1000027733	4.00%		IL		573,920		361,605
Mortgage Loan ID#1000002149	2.75%		NY		638,037		360,655
Mortgage Loan ID#1000028288	4.88%		CA		401,707		359,026
Mortgage Loan ID#1000038435	6.75%		CA		487,371		358,859
Mortgage Loan ID#1000027226	5.75%		NY		449,000		357,123
Mortgage Loan ID#1000026767	2.75%		CA		406,766		356,877
Mortgage Loan ID#1000001652	8.50%		NY		570,386		355,151
Mortgage Loan ID#1000002148	3.00%		NC		516,302		355,077
Mortgage Loan ID#1000002194	5.88%		NY		434,961		354,960
Mortgage Loan ID#1000043930	2.00%		MI		464,854		354,431
Mortgage Loan ID#1000002394	3.76%		CT		659,525		354,275
Mortgage Loan ID#1000017201	4.88%		MD		514,078		353,632
Mortgage Loan ID#1000043582	2.75%		TX		467,389		352,739
Mortgage Loan ID#1000000562	6.25%		NY		417,279		351,465
Mortgage Loan ID#1000043828	6.38%		CA		��             434,022		350,494
Mortgage Loan ID#1000029225	2.00%		NE		478,036		350,380
Mortgage Loan ID#1000043545	6.30%		NY		407,266		350,245
Mortgage Loan ID#1000035163	7.00%		OR		689,500		350,171
Mortgage Loan ID#1000016011	8.99%		FL		505,461		350,129
Mortgage Loan ID#1000002171	3.75%		NY		926,769		349,907
Mortgage Loan ID#1000027875	6.20%		NY		434,148		349,888
Mortgage Loan ID#1000043564	7.00%		NY		640,848		349,148
Mortgage Loan ID#1000043923	2.75%		MA		402,866		349,067
Mortgage Loan ID#1000028068	6.25%		CA		485,478		348,874
Mortgage Loan ID#1000035760	3.31%		NJ		548,714		348,808
Mortgage Loan ID#1000017149	6.88%		FL		637,000		348,725
Mortgage Loan ID#1000028356	9.55%		CT		459,238		348,686
Mortgage Loan ID#7000000336	5.00%		NM		380,988		345,308
Mortgage Loan ID#1000015019	4.50%		CA		390,000		345,173
Mortgage Loan ID#1000002145	7.88%		NY		412,500		343,800
Mortgage Loan ID#1000028059	5.13%		MD		486,279		343,533
Mortgage Loan ID#1000002187	2.00%		NY		511,553		342,659
Mortgage Loan ID#1000035122	5.00%		IL		511,309		341,801
Mortgage Loan ID#1000027630	7.00%		NJ		479,925		341,548
Mortgage Loan ID#1000029411	10.75%		FL		389,253		340,441
Mortgage Loan ID#1002229087	6.13%		GA		545,063		340,329
Mortgage Loan ID#1000026721	4.88%		OH		395,900		339,864
Mortgage Loan ID#1000000544	6.00%		NY		693,175		338,741
Mortgage Loan ID#1000003539	3.00%		MD		531,508		335,977
Mortgage Loan ID#1000002379	3.00%		NY		586,013		335,310
Mortgage Loan ID#1000029194	2.00%		CA		558,744		332,042
Mortgage Loan ID#1000003584	4.29%		MD		539,160		330,378
Mortgage Loan ID#1000027253	6.75%		CA		545,979		330,067
Mortgage Loan ID#1000002384	7.88%		DC		607,464		329,706
Mortgage Loan ID#1000001655	7.75%		NY		648,000		329,007
Mortgage Loan ID#1000003894	4.63%		MD		395,511		328,544
Mortgage Loan ID#1000016149	6.13%		FL		470,151		328,328
Mortgage Loan ID#1000044130	4.00%		FL		459,641		328,048
Mortgage Loan ID#1000002055	8.13%		NY		496,000		327,835
Mortgage Loan ID#1000002086	5.25%		AZ		416,226		327,228
Mortgage Loan ID#1000029300	2.00%		CA		499,618		326,894
Mortgage Loan ID#1000017409	4.88%		RI		368,550		325,304
Mortgage Loan ID#1000027234	7.50%		NY		486,000		324,954
Mortgage Loan ID#1000015937	6.63%		CO		469,206		323,959
Mortgage Loan ID#1000044086	5.95%		FL		362,032		322,845
Mortgage Loan ID#1000043184	2.88%		CA		390,544		320,737
Mortgage Loan ID#1000026005	3.38%		CA		305,660		320,083
Mortgage Loan ID#1000029217	2.40%		VA		351,336		319,741
Mortgage Loan ID#1000026043	3.00%		MN		480,013		319,219
Mortgage Loan ID#1000001612	4.74%		AZ		530,067		317,850
Mortgage Loan ID#1000038427	6.25%		NY		351,415		315,605
Mortgage Loan ID#1000028289	4.00%		MA		484,151		315,397
Mortgage Loan ID#1000026872	7.25%		FL		537,720		314,992
Mortgage Loan ID#1000002167	3.50%		NY		499,997		314,541
Mortgage Loan ID#1000038487	6.38%		NY		444,734		313,581
Mortgage Loan ID#1000002319	8.75%		FL		324,882		313,553
Mortgage Loan ID#1000002180	3.00%		NY		692,368		310,895
Mortgage Loan ID#1000000565	8.40%		NY		514,155		310,079
Mortgage Loan ID#1000043617	4.88%		VA		346,067		308,906
Mortgage Loan ID#1000044102	2.00%		MA		591,915		308,674
Mortgage Loan ID#1000003896	4.13%		MA		438,552		306,863
Mortgage Loan ID#1000043914	6.50%		NY		525,000		306,650
Mortgage Loan ID#1000001463	4.00%		CA		547,681		304,992
Mortgage Loan ID#1000000333	6.00%		NY		507,724		304,414
Mortgage Loan ID#1000029054	9.26%		FL		323,982		304,237
Mortgage Loan ID#1000026032	4.00%		HI		420,101		302,937
Mortgage Loan ID#1000029209	2.00%		NY		509,303		302,834
Mortgage Loan ID#1000029387	8.25%		NY		600,000		302,135
Mortgage Loan ID#1000002087	2.00%		CA		479,570		302,034
Mortgage Loan ID#1000002075	5.63%		FL		557,729		301,860
Mortgage Loan ID#1000015511	2.00%		WI		675,687		301,318
Mortgage Loan ID#1000016921	6.85%		NY		454,027		297,973
Mortgage Loan ID#1000025992	2.00%		CA		515,519		297,928
Mortgage Loan ID#1000044071	5.15%		MN		398,594		297,467
Mortgage Loan ID#1000043178	2.63%		CA		461,032		296,634
Mortgage Loan ID#1000001047	7.50%		CA		335,988		296,399
Mortgage Loan ID#1000016021	8.65%		NY		280,813		294,854
Mortgage Loan ID#1000016592	2.88%		CA		449,677		294,540
Mortgage Loan ID#1000016184	5.75%		NJ		440,000		294,381
Mortgage Loan ID#1000000767	2.00%		CA		392,624		293,120
Mortgage Loan ID#1000027987	7.15%		FL		293,875		291,878
Mortgage Loan ID#1000002113	6.88%		NV		374,789		291,833
Mortgage Loan ID#1000001398	2.00%		NY		441,750		291,567
Mortgage Loan ID#1000000797	2.00%		CA		371,349		290,189
Mortgage Loan ID#1000003926	3.88%		MA		341,319		290,159
Mortgage Loan ID#1000026350	6.50%		NY		719,176		288,440
Mortgage Loan ID#1000035448	4.00%		CA		448,104		288,165
Mortgage Loan ID#1000002121	6.88%		NY		476,950		288,160
Mortgage Loan ID#1000002117	5.14%		NJ		478,093		283,789
Mortgage Loan ID#1000038468	6.13%		NY		531,936		282,923
Mortgage Loan ID#1000025998	3.00%		CA		584,025		281,169
Mortgage Loan ID#1000002161	7.00%		NY		558,480		279,326
Mortgage Loan ID#1000002214	4.70%		CA		577,360		278,604
Mortgage Loan ID#1000026575	6.13%		AZ		430,024		277,635
Mortgage Loan ID#1000043779	2.63%		CA		311,380		276,151
Mortgage Loan ID#1000035519	5.25%		MA		464,304		276,060
Mortgage Loan ID#1000002098	2.00%		WA		427,718		275,528
Mortgage Loan ID#1000035967	3.50%		MD		490,047		274,114
Mortgage Loan ID#1000026022	2.00%		NV		373,891		273,829
Mortgage Loan ID#1000043949	2.00%		MD		359,941		273,032
Mortgage Loan ID#1000000981	4.00%		KS		440,707		273,010
Mortgage Loan ID#1000043521	2.63%		VA		338,597		272,728
Mortgage Loan ID#1000038534	5.75%		NY		394,272		271,279
Mortgage Loan ID#1000002089	7.63%		AZ		403,655		270,669
Mortgage Loan ID#1000025997	2.00%		WA		378,733		270,542
Mortgage Loan ID#1000029331	4.21%		NY		466,889		270,039
Mortgage Loan ID#1000002341	3.00%		CA		501,533		270,012
Mortgage Loan ID#1000034816	7.00%		NY		441,943		269,924
Mortgage Loan ID#1000027887	5.13%		FL		381,340		269,675
Mortgage Loan ID#1000001994	5.00%		CA		357,707		268,089
Mortgage Loan ID#1000043702	8.15%		NY		296,197		268,072
Mortgage Loan ID#1000029107	2.00%		CA		405,380		266,611
Mortgage Loan ID#1000026629	2.75%		CA		423,929		265,339
Mortgage Loan ID#1000003438	2.63%		DC		302,157		264,873
Mortgage Loan ID#1000016028	8.00%		MA		471,885		264,543
Mortgage Loan ID#1000016216	7.00%		NY		286,852		264,407
Mortgage Loan ID#1000043574	8.70%		NJ		330,421		262,492
Mortgage Loan ID#1000015152	5.88%		NY		468,750		260,968
Mortgage Loan ID#1000017406	1.88%		CA		332,267		260,939
Mortgage Loan ID#1000044114	5.55%		CA		333,822		260,780
Mortgage Loan ID#1000026312	2.00%		MA		561,626		260,562
Mortgage Loan ID#1000000530	5.38%		TX		261,490		260,154
Mortgage Loan ID#1000028993	2.00%		NJ		425,055		259,601
Mortgage Loan ID#1000044014	2.00%		MD		578,257		259,111
Mortgage Loan ID#1000002108	5.00%		NY		389,604		258,709
Mortgage Loan ID#1000043187	2.88%		CA		338,791		257,520
Mortgage Loan ID#1000000603	2.63%		UT		397,412		255,908
Mortgage Loan ID#1000003891	8.63%		MA		318,750		253,500
Mortgage Loan ID#1000035785	6.00%		NY		428,000		253,276
Mortgage Loan ID#1000001415	3.88%		CA		561,498		252,734
Mortgage Loan ID#1000027677	2.00%		NM		524,617		252,369
Mortgage Loan ID#1000028896	2.00%		NY		497,456		252,233
Mortgage Loan ID#1000029301	2.00%		CA		593,673		251,760
Mortgage Loan ID#1000026656	2.00%		GA		546,343		250,176
Mortgage Loan ID#1000043804	5.00%		NJ		569,394		249,408
Mortgage Loan ID#1000026150	7.75%		PA		284,148		249,362
Mortgage Loan ID#1000043253	4.75%		MI		298,670		248,876
Mortgage Loan ID#1000002373	5.04%		NY		530,473		248,576
Mortgage Loan ID#1000026051	4.84%		CA		278,249		248,288
Mortgage Loan ID#1000026195	2.63%		FL		417,034		248,122
Mortgage Loan ID#1000000533	2.00%		NY		323,225		248,088
Mortgage Loan ID#1000029036	5.00%		DE		387,436		247,955
Mortgage Loan ID#1000043597	7.00%		NJ		429,998		246,753
Mortgage Loan ID#1000026303	6.50%		MN		487,764		245,423
Mortgage Loan ID#1000002367	4.65%		NY		469,083		245,369
Mortgage Loan ID#1000029343	2.00%		NY		370,765		245,288
Mortgage Loan ID#1000026001	3.50%		CA		432,507		245,010
Mortgage Loan ID#1000035642	4.07%		CO		289,475		244,753
Mortgage Loan ID#1000029207	6.63%		FL		354,830		244,515
Mortgage Loan ID#1000029230	2.00%		CA		514,041		244,222
Mortgage Loan ID#1000027864	4.88%		CA		278,932		243,015
Mortgage Loan ID#1000015500	7.50%		NY		504,000		241,742
Mortgage Loan ID#1000029097	7.80%		NJ		364,148		241,385
Mortgage Loan ID#1000003537	7.88%		GA		329,755		241,293
Mortgage Loan ID#1000044258	4.00%		MA		392,117		240,958
Mortgage Loan ID#1000028933	7.85%		FL		398,382		240,190
Mortgage Loan ID#1000000346	2.00%		NJ		310,922		239,485
Mortgage Loan ID#1000002169	2.00%		NY		532,645		239,093
Mortgage Loan ID#1000000697	9.00%		FL		527,100		238,185
Mortgage Loan ID#1000043832	3.32%		MD		315,151		237,158
Mortgage Loan ID#1000025800	2.88%		FL		441,480		236,925
Mortgage Loan ID#1000003925	6.50%		MA		234,276		236,573
Mortgage Loan ID#1000027283	8.38%		NY		434,198		236,266
Mortgage Loan ID#1000035334	5.00%		FL		278,466		236,145
Mortgage Loan ID#1000035181	7.13%		NY		348,909		235,224
Mortgage Loan ID#1000002057	4.00%		VA		488,233		234,885
Mortgage Loan ID#1000002101	2.00%		CA		438,211		234,276
Mortgage Loan ID#1000026426	5.13%		VA		284,600		234,273
Mortgage Loan ID#1000035189	4.13%		MD		395,347		233,257
Mortgage Loan ID#1000003667	3.50%		MA		356,446		231,962
Mortgage Loan ID#1000016670	2.00%		NV		318,054		231,628
Mortgage Loan ID#1000043886	7.17%		NJ		344,509		231,609
Mortgage Loan ID#1000026597	5.63%		AZ		251,569		230,166
Mortgage Loan ID#1000001404	3.00%		NY		654,981		229,964
Mortgage Loan ID#1000043641	6.38%		NY		504,303		229,858
Mortgage Loan ID#1000017154	2.00%		NJ		323,441		229,575
Mortgage Loan ID#1000016786	7.13%		NY		384,213		229,284
Mortgage Loan ID#1000002066	3.00%		CA		617,670		228,910
Mortgage Loan ID#1000025918	3.00%		NH		294,509		228,691
Mortgage Loan ID#1000029165	6.00%		WA		322,333		227,326
Mortgage Loan ID#1000038417	6.13%		MN		295,314		227,324
Mortgage Loan ID#1000043951	8.90%		FL		355,030		226,389
Mortgage Loan ID#1000027464	6.75%		FL		502,188		226,332
Mortgage Loan ID#1000034923	6.88%		FL		411,763		226,324
Mortgage Loan ID#1000034848	5.63%		NY		255,003		226,081
Mortgage Loan ID#1000026042	2.68%		CA		339,050		225,672
Mortgage Loan ID#1000035218	8.86%		NY		214,846		225,588
Mortgage Loan ID#1000026012	4.88%		CA		334,342		225,380
Mortgage Loan ID#1000034959	5.00%		FL		414,474		225,320
Mortgage Loan ID#1000003884	2.63%		MA		279,035		225,251
Mortgage Loan ID#1000026083	2.00%		CA		360,656		224,656
Mortgage Loan ID#1000025807	4.88%		MD		341,768		223,325
Mortgage Loan ID#1000044110	7.50%		NY		219,905		223,157
Mortgage Loan ID#1000043590	6.50%		NM		236,339		222,124
Mortgage Loan ID#1000002069	6.13%		CA		270,000		221,909
Mortgage Loan ID#1000015901	3.00%		MA		469,203		218,670
Mortgage Loan ID#1000002378	4.33%		NY		369,586		218,652
Mortgage Loan ID#1000017505	3.50%		FL		242,480		218,542
Mortgage Loan ID#1000016457	8.00%		IL		226,931		218,338
Mortgage Loan ID#1000001611	7.24%		NY		605,000		218,220
Mortgage Loan ID#1000043155	4.38%		FL		307,146		217,809
Mortgage Loan ID#1000034782	5.88%		FL		284,120		215,867
Mortgage Loan ID#1000029198	5.13%		CA		318,401		215,427
Mortgage Loan ID#1000043895	3.25%		MA		276,553		215,252
Mortgage Loan ID#1000029181	2.00%		MS		285,684		215,207
Mortgage Loan ID#1000038481	2.00%		NJ		267,083		214,936
Mortgage Loan ID#1000028873	2.00%		NY		520,523		214,169
Mortgage Loan ID#1000026348	6.50%		NV		366,420		213,159
Mortgage Loan ID#1000027795	6.88%		FL		252,537		211,880
Mortgage Loan ID#1000028953	9.10%		FL		233,596		211,793
Mortgage Loan ID#1000043173	2.00%		NJ		394,459		211,685
Mortgage Loan ID#1000017045	10.38%		MA		201,549		211,627
Mortgage Loan ID#1000029164	6.75%		CO		223,552		211,452
Mortgage Loan ID#1000017164	4.88%		NJ		443,473		211,412
Mortgage Loan ID#1000027288	6.75%		IL		474,923		211,027
Mortgage Loan ID#1000035837	2.25%		IL		403,363		210,999
Mortgage Loan ID#1000000644	6.25%		VA		364,099		210,862
Mortgage Loan ID#1000027962	6.00%		CA		248,999		210,743
Mortgage Loan ID#1000026229	2.00%		RI		346,786		210,212
Mortgage Loan ID#1000002029	3.13%		CA		275,513		208,296
Mortgage Loan ID#1000043493	4.00%		CA		253,548		207,863
Mortgage Loan ID#1000025961	4.63%		MO		349,744		206,672
Mortgage Loan ID#1000026003	3.00%		FL		211,114		206,054
Mortgage Loan ID#1000035829	3.88%		IL		335,572		206,038
Mortgage Loan ID#1000044147	2.00%		NY		371,577		205,757
Mortgage Loan ID#1000025965	3.00%		AK		204,311		205,631
Mortgage Loan ID#1000001455	6.00%		FL		258,254		205,209
Mortgage Loan ID#1000002153	2.00%		NV		541,293		204,389
Mortgage Loan ID#1000001509	3.00%		NY		602,954		203,435
Mortgage Loan ID#1000043850	8.73%		FL		277,812		202,728
Mortgage Loan ID#1000029127	5.51%		CA		375,264		202,242
Mortgage Loan ID#1000029034	2.00%		CA		513,351		201,309
Mortgage Loan ID#1000027640	7.88%		NJ		407,906		201,199
Mortgage Loan ID#1000025801	7.88%		FL		284,651		200,611
Mortgage Loan ID#1000035875	2.83%		NY		263,673		200,250
Mortgage Loan ID#1000001355	2.38%		FL		272,038		199,791
Mortgage Loan ID#1000043853	7.71%		CA		199,984		199,405
Mortgage Loan ID#1000043429	6.88%		IL		260,332		198,872
Mortgage Loan ID#1000026059	2.00%		IL		497,155		198,664
Mortgage Loan ID#1000000293	7.13%		VT		397,653		197,999
Mortgage Loan ID#1000000896	7.38%		CA		260,000		197,881
Mortgage Loan ID#1000043399	4.13%		TX		230,896		197,793
Mortgage Loan ID#1000026044	4.50%		FL		325,036		197,580
Mortgage Loan ID#1000028856	2.00%		NV		471,699		197,528
Mortgage Loan ID#1000016758	6.80%		FL		364,363		197,502
Mortgage Loan ID#1000035175	2.00%		FL		274,280		197,279
Mortgage Loan ID#1000028864	2.00%		CA		535,966		197,213
Mortgage Loan ID#1000002199	2.00%		NJ		493,135		197,007
Mortgage Loan ID#1000038572	5.00%		NJ		250,810		196,879
Mortgage Loan ID#1000035004	6.00%		FL		210,446		196,396
Mortgage Loan ID#1000026596	4.00%		CT		241,856		196,092
Mortgage Loan ID#1000043135	2.00%		PA		250,434		196,075
Mortgage Loan ID#1000017367	2.75%		CO		298,058		195,363
Mortgage Loan ID#1000000602	2.00%		MN		322,276		194,858
Mortgage Loan ID#1000016768	5.00%		PA		329,530		194,636
Mortgage Loan ID#1000035822	7.65%		OH		190,934		194,426
Mortgage Loan ID#1000017086	4.00%		NH		243,250		194,106
Mortgage Loan ID#1000029329	5.50%		KS		205,095		193,753
Mortgage Loan ID#1000002116	8.63%		NY		450,000		193,626
Mortgage Loan ID#1000044036	7.88%		IL		235,889		193,426
Mortgage Loan ID#1000017521	2.00%		MD		501,513		193,141
Mortgage Loan ID#1000027181	6.50%		FL		562,500		192,617
Mortgage Loan ID#1000015014	2.00%		NV		387,863		192,516
Mortgage Loan ID#1000015904	2.00%		NJ		370,295		192,469
Mortgage Loan ID#1000001621	8.00%		NJ		385,884		191,716
Mortgage Loan ID#1000001610	9.38%		NY		347,672		189,948
Mortgage Loan ID#1000002320	3.13%		AZ		404,822		188,376
Mortgage Loan ID#1000001449	2.00%		CA		281,066		188,287
Mortgage Loan ID#1000043261	8.00%		NJ		288,028		187,087
Mortgage Loan ID#1000028937	2.00%		NY		426,650		186,469
Mortgage Loan ID#1000029283	3.25%		NY		326,256		186,451
Mortgage Loan ID#1000001588	9.25%		NY		368,791		186,446
Mortgage Loan ID#1000015317	2.00%		VA		288,623		186,209
Mortgage Loan ID#1000000938	2.63%		CA		299,017		185,639
Mortgage Loan ID#1000027243	2.50%		CA		380,135		185,256
Mortgage Loan ID#1000043637	7.38%		NY		250,260		185,128
Mortgage Loan ID#1000001022	8.50%		FL		205,419		185,127
Mortgage Loan ID#1000029131	7.39%		FL		217,567		185,092
Mortgage Loan ID#1000043885	4.48%		MA		479,462		184,944
Mortgage Loan ID#1000026182	4.75%		CA		228,963		184,516
Mortgage Loan ID#1000026024	2.00%		CA		327,839		183,037
Mortgage Loan ID#1000003895	2.63%		MD		382,791		182,549
Mortgage Loan ID#1000043164	2.63%		AZ		305,838		182,458
Mortgage Loan ID#1000043867	8.64%		FL		308,070		182,075
Mortgage Loan ID#1000027375	6.70%		NV		183,173		181,828
Mortgage Loan ID#1000003893	3.25%		MD		342,364		181,236
Mortgage Loan ID#1000026658	2.00%		NY		356,212		180,954
Mortgage Loan ID#1000016803	5.00%		PA		253,122		179,843
Mortgage Loan ID#1000029111	3.88%		CA		416,026		179,283
Mortgage Loan ID#1000002062	4.88%		NY		368,466		179,222
Mortgage Loan ID#1000001616	7.38%		NJ		364,000		178,859
Mortgage Loan ID#1000027180	2.50%		NJ		423,409		178,019
Mortgage Loan ID#1000017415	5.03%		PA		245,135		177,983
Mortgage Loan ID#1000035256	2.64%		CA		245,357		177,748
Mortgage Loan ID#1000001580	3.00%		FL		499,734		177,631
Mortgage Loan ID#1000003614	8.25%		MA		321,995		176,845
Mortgage Loan ID#1000043516	3.25%		NJ		289,492		175,839
Mortgage Loan ID#1000003888	2.63%		MA		295,622		174,882
Mortgage Loan ID#1000027641	4.88%		NJ		240,000		174,371
Mortgage Loan ID#1000025949	3.88%		CA		393,114		174,178
Mortgage Loan ID#1000029134	2.00%		FL		284,857		174,084
Mortgage Loan ID#1000026513	3.75%		CO		208,704		173,911
Mortgage Loan ID#1000016632	2.88%		FL		228,852		173,783
Mortgage Loan ID#1000043180	3.00%		NJ		241,166		173,701
Mortgage Loan ID#1000001683	8.33%		TX		193,764		173,031
Mortgage Loan ID#1000043815	4.75%		NY		199,027		172,453
Mortgage Loan ID#1000029231	4.13%		IL		657,024		172,388
Mortgage Loan ID#1000029065	2.00%		CA		405,275		172,259
Mortgage Loan ID#1000027518	2.00%		CT		342,925		171,918
Mortgage Loan ID#1000035568	2.00%		DC		344,211		171,776
Mortgage Loan ID#1000026171	4.88%		CA		334,747		171,770
Mortgage Loan ID#1000015960	4.00%		OR		204,721		171,422
Mortgage Loan ID#1000043503	8.49%		NJ		201,435		171,395
Mortgage Loan ID#1000002021	3.13%		NY		226,136		171,256
Mortgage Loan ID#1000028861	2.00%		OH		257,494		170,751
Mortgage Loan ID#1000027334	6.75%		FL		196,634		170,342
Mortgage Loan ID#1000002363	5.88%		NM		273,792		170,275
Mortgage Loan ID#1000026028	2.43%		CA		307,444		170,268
Mortgage Loan ID#1000035931	2.75%		WI		195,806		170,255
Mortgage Loan ID#1000028441	5.00%		FL		246,961		170,009
Mortgage Loan ID#1000000439	4.88%		AL		316,769		169,746
Mortgage Loan ID#1000003880	7.38%		MA		263,504		168,808
Mortgage Loan ID#1000003528	2.00%		MD		368,981		168,586
Mortgage Loan ID#1000043611	8.25%		FL		236,250		168,582
Mortgage Loan ID#1000017421	4.00%		MA		258,855		168,487
Mortgage Loan ID#1000001596	8.83%		NY		408,500		168,355
Mortgage Loan ID#1000000995	5.98%		VA		278,957		167,627
Mortgage Loan ID#1000017423	5.45%		OR		181,793		167,446
Mortgage Loan ID#1000026149	7.13%		NJ		177,901		167,166
Mortgage Loan ID#1000002332	7.88%		NY		360,000		167,128
Mortgage Loan ID#1000000591	4.00%		NJ		317,267		165,995
Mortgage Loan ID#1000028891	3.88%		VA		261,701		165,554
Mortgage Loan ID#1000002120	6.88%		NJ		478,086		165,504
Mortgage Loan ID#1000029254	9.50%		FL		435,029		165,376
Mortgage Loan ID#1000026640	3.88%		CO		186,865		165,340
Mortgage Loan ID#1000001457	4.00%		NJ		511,873		165,272
Mortgage Loan ID#1000027416	5.00%		MD		218,089		165,177
Mortgage Loan ID#1000028224	6.00%		NY		209,009		164,931
Mortgage Loan ID#1000027708	5.63%		NJ		260,260		164,613
Mortgage Loan ID#1000035088	6.88%		NJ		334,282		164,157
Mortgage Loan ID#1000035206	4.13%		FL		194,570		163,541
Mortgage Loan ID#1000026356	8.10%		MD		294,756		163,431
Mortgage Loan ID#1000035724	2.00%		CA		200,400		163,362
Mortgage Loan ID#1000002031	2.00%		CA		423,976		163,163
Mortgage Loan ID#1000026685	6.49%		TN		167,729		163,108
Mortgage Loan ID#1000000381	8.63%		NJ		255,000		162,759
Mortgage Loan ID#1000029151	9.35%		FL		270,872		162,561
Mortgage Loan ID#1000026081	9.93%		ME		163,690		162,220
Mortgage Loan ID#1000034880	6.75%		NJ		277,822		162,028
Mortgage Loan ID#1000028928	6.00%		CA		174,276		161,493
Mortgage Loan ID#1000027663	2.00%		CA		202,859		161,380
Mortgage Loan ID#1000044250	8.65%		NM		240,962		161,078
Mortgage Loan ID#1000015381	5.25%		FL		194,873		160,765
Mortgage Loan ID#1000029042	4.88%		PA		583,352		160,337
Mortgage Loan ID#1000029252	2.00%		CA		375,530		159,949
Mortgage Loan ID#1000001594	4.00%		FL		477,351		159,636
Mortgage Loan ID#1000000538	5.75%		IL		299,999		159,574
Mortgage Loan ID#1000035357	6.60%		NY		175,264		159,373
Mortgage Loan ID#1000001993	7.13%		IL		100,888		159,243
Mortgage Loan ID#1000017338	2.00%		PA		282,904		158,886
Mortgage Loan ID#1000026011	4.50%		CA		321,906		158,323
Mortgage Loan ID#1000000658	5.00%		NY		274,266		158,047
Mortgage Loan ID#1000026334	5.13%		MD		202,665		157,875
Mortgage Loan ID#1000002088	7.63%		NJ		338,947		157,839
Mortgage Loan ID#1000028805	2.00%		NY		466,883		157,651
Mortgage Loan ID#1000016485	5.00%		FL		265,020		157,522
Mortgage Loan ID#1000001247	2.00%		OH		270,793		157,454
Mortgage Loan ID#1000000626	4.88%		CO		212,005		157,247
Mortgage Loan ID#1000043416	5.00%		CT		259,088		157,201
Mortgage Loan ID#1000003971	4.50%		MI		234,133		156,866
Mortgage Loan ID#1000003527	3.00%		MD		387,757		156,570
Mortgage Loan ID#1000016386	2.63%		CA		177,060		156,406
Mortgage Loan ID#1000028857	7.75%		NY		455,000		156,058
Mortgage Loan ID#1000044113	6.90%		FL		150,328		155,903
Mortgage Loan ID#1000025986	3.00%		FL		250,582		155,720
Mortgage Loan ID#1000025946	8.00%		AZ		177,135		155,418
Mortgage Loan ID#1000027548	8.88%		FL		309,346		155,378
Mortgage Loan ID#1000001614	8.50%		NY		328,000		155,019
Mortgage Loan ID#1000002340	4.45%		DC		213,060		154,888
Mortgage Loan ID#1000035216	2.00%		IL		195,979		153,842
Mortgage Loan ID#1000002092	4.29%		NY		405,518		153,812
Mortgage Loan ID#1000036021	2.00%		NY		316,664		152,957
Mortgage Loan ID#1000028901	2.00%		CA		314,501		151,323
Mortgage Loan ID#1000016582	4.50%		NJ		254,459		151,195
Mortgage Loan ID#1000029196	2.00%		CA		388,620		150,846
Mortgage Loan ID#1000028998	8.28%		FL		227,050		149,642
Mortgage Loan ID#1000044253	7.50%		PA		209,915		149,632
Mortgage Loan ID#1000003953	4.38%		RI		258,983		149,324
Mortgage Loan ID#1000003663	8.25%		WI		193,599		149,315
Mortgage Loan ID#1000028999	6.88%		FL		220,800		149,207
Mortgage Loan ID#1000026583	2.00%		MD		314,869		148,615
Mortgage Loan ID#1000016110	7.88%		FL		286,771		148,592
Mortgage Loan ID#1000043471	5.00%		NY		225,504		148,538
Mortgage Loan ID#1000002377	4.00%		CA		209,875		148,372
Mortgage Loan ID#1000017457	4.98%		AZ		218,289		148,088
Mortgage Loan ID#1000027879	4.13%		IL		239,921		147,952
Mortgage Loan ID#1000044106	2.90%		MA		248,085		147,874
Mortgage Loan ID#1000035744	2.88%		CA		237,770		147,829
Mortgage Loan ID#1000027053	7.01%		NJ		259,171		147,439
Mortgage Loan ID#1000015837	2.00%		NY		515,006		147,436
Mortgage Loan ID#1000015280	4.57%		PA		238,955		147,407
Mortgage Loan ID#1000043935	5.00%		MO		229,897		146,845
Mortgage Loan ID#1000016081	2.50%		FL		416,844		146,585
Mortgage Loan ID#1000027997	5.38%		VA		229,449		145,875
Mortgage Loan ID#1000044249	7.05%		CT		202,531		145,245
Mortgage Loan ID#1000002369	4.00%		NY		361,237		144,493
Mortgage Loan ID#1000035239	10.87%		UT		137,609		144,490
Mortgage Loan ID#1000026196	9.45%		MA		253,716		144,437
Mortgage Loan ID#1000017267	7.99%		NY		157,225		144,429
Mortgage Loan ID#1000001271	4.00%		NJ		261,906		143,971
Mortgage Loan ID#1000034994	6.63%		NJ		148,782		143,911
Mortgage Loan ID#1000016047	7.75%		MA		196,772		143,635
Mortgage Loan ID#1000043342	7.99%		FL		236,776		143,466
Mortgage Loan ID#1000044107	7.35%		OH		174,516		143,457
Mortgage Loan ID#1000017183	4.00%		FL		291,247		143,258
Mortgage Loan ID#1000017383	3.88%		TX		161,602		143,068
Mortgage Loan ID#1000001225	4.82%		FL		189,218		142,514
Mortgage Loan ID#1000002039	7.63%		NJ		262,475		142,444
Mortgage Loan ID#1000000650	8.35%		WV		166,460		142,184
Mortgage Loan ID#1000028410	7.85%		SC		136,392		142,146
Mortgage Loan ID#1000043147	5.25%		OR		154,404		142,067
Mortgage Loan ID#1000026703	5.00%		AZ		198,050		141,929
Mortgage Loan ID#1000015875	2.00%		NY		199,625		141,858
Mortgage Loan ID#1000034828	6.63%		NJ		184,785		141,832
Mortgage Loan ID#1000017520	2.63%		MN		181,027		141,824
Mortgage Loan ID#1000028488	8.00%		NY		137,170		141,658
Mortgage Loan ID#1000017253	7.08%		MA		140,268		141,498
Mortgage Loan ID#1000044202	5.13%		TX		222,492		141,340
Mortgage Loan ID#1000017463	6.13%		MD		179,918		141,337
Mortgage Loan ID#1000043669	3.00%		CA		184,064		141,178
Mortgage Loan ID#1000003516	4.13%		MA		213,867		140,930
Mortgage Loan ID#1000043257	4.00%		FL		210,109		140,572
Mortgage Loan ID#1000017499	2.00%		DE		172,394		140,430
Mortgage Loan ID#1000001996	9.00%		PA		191,225		140,315
Mortgage Loan ID#1000003864	2.63%		MD		171,358		140,267
Mortgage Loan ID#1000029367	7.00%		NY		450,400		140,174
Mortgage Loan ID#1000044233	9.99%		NJ		179,134		140,073
Mortgage Loan ID#1000001589	2.63%		NJ		380,528		139,880
Mortgage Loan ID#1000029345	2.00%		ME		253,925		139,601
Mortgage Loan ID#1000026019	2.00%		MD		184,622		138,598
Mortgage Loan ID#1000002011	2.00%		FL		484,928		138,308
Mortgage Loan ID#1000001064	5.90%		FL		200,408		138,073
Mortgage Loan ID#1000026046	3.00%		CA		164,937		137,943
Mortgage Loan ID#1000043979	2.00%		WA		179,628		137,904
Mortgage Loan ID#1000016228	5.75%		NY		435,120		137,469
Mortgage Loan ID#1000026719	2.88%		TX		155,934		137,286
Mortgage Loan ID#1000017230	6.52%		NY		239,853		137,110
Mortgage Loan ID#1000043746	4.88%		CT		170,327		136,994
Mortgage Loan ID#1000017452	3.83%		AZ		176,459		136,965
Mortgage Loan ID#1000043548	4.75%		FL		221,630		136,862
Mortgage Loan ID#1000043734	2.00%		FL		414,630		136,615
Mortgage Loan ID#1000025982	7.50%		TX		134,551		135,981
Mortgage Loan ID#1000017081	6.75%		WA		146,388		135,844
Mortgage Loan ID#1000017495	4.98%		CT		152,422		135,834
Mortgage Loan ID#1000027353	2.00%		NY		267,725		135,714
Mortgage Loan ID#1000001327	4.00%		CA		270,110		135,518
Mortgage Loan ID#1000044228	4.75%		VA		156,312		135,239
Mortgage Loan ID#1000028925	7.20%		FL		245,204		135,101
Mortgage Loan ID#1000002009	3.00%		NJ		348,621		134,727
Mortgage Loan ID#1000002040	4.00%		NC		200,073		134,635
Mortgage Loan ID#1000015566	2.00%		FL		168,183		134,352
Mortgage Loan ID#1000027736	6.00%		NJ		215,996		134,173
Mortgage Loan ID#1000003529	2.00%		GA		362,451		134,065
Mortgage Loan ID#1000028949	3.00%		FL		197,248		133,935
Mortgage Loan ID#1000035629	3.00%		DE		177,117		133,876
Mortgage Loan ID#1000044205	7.60%		MA		315,089		133,867
Mortgage Loan ID#1000026553	2.00%		IL		335,884		133,829
Mortgage Loan ID#1000026688	7.70%		MO		162,816		133,821
Mortgage Loan ID#1000035938	4.00%		CT		153,214		133,628
Mortgage Loan ID#1000027676	2.00%		PA		185,308		133,435
Mortgage Loan ID#1000029008	2.00%		FL		315,783		133,325
Mortgage Loan ID#1000003623	3.13%		MA		251,222		133,199
Mortgage Loan ID#1000000611	7.25%		NY		132,971		133,173
Mortgage Loan ID#1000025984	2.00%		CA		242,586		132,881
Mortgage Loan ID#1000017330	5.02%		CT		209,804		132,405
Mortgage Loan ID#1000016797	6.99%		NJ		156,885		132,366
Mortgage Loan ID#1000028317	8.13%		MD		126,675		132,179
Mortgage Loan ID#1000044038	2.63%		KS		166,729		132,153
Mortgage Loan ID#1000025985	3.90%		TX		126,138		131,973
Mortgage Loan ID#1000000228	2.63%		IL		191,920		131,846
Mortgage Loan ID#1000001999	8.25%		NJ		276,675		131,751
Mortgage Loan ID#1000044061	4.00%		KY		161,068		131,033
Mortgage Loan ID#1000028373	6.40%		TX		136,092		131,029
Mortgage Loan ID#1000002002	2.00%		IL		261,179		130,990
Mortgage Loan ID#1000043875	2.88%		NC		202,123		130,944
Mortgage Loan ID#1000015627	6.75%		NY		179,970		130,303
Mortgage Loan ID#1000043455	4.00%		NV		182,242		130,009
Mortgage Loan ID#1000001067	7.25%		FL		308,321		129,999
Mortgage Loan ID#1000001995	7.00%		NY		216,015		129,983
Mortgage Loan ID#1000026056	6.00%		OR		155,322		129,802
Mortgage Loan ID#1000029206	11.38%		NY		188,360		129,776
Mortgage Loan ID#1000044104	2.50%		TX		158,814		129,671
Mortgage Loan ID#1000029137	2.00%		FL		238,679		129,481
Mortgage Loan ID#1000016611	5.88%		IL		207,774		128,851
Mortgage Loan ID#1000026647	2.00%		CA		154,535		128,658
Mortgage Loan ID#1000026119	2.00%		OH		162,301		128,617
Mortgage Loan ID#1000035869	4.00%		MS		156,031		128,353
Mortgage Loan ID#1000044137	4.88%		KY		150,952		128,091
Mortgage Loan ID#1000001346	2.38%		TX		166,301		127,976
Mortgage Loan ID#1000026017	2.00%		CA		321,130		127,939
Mortgage Loan ID#1000043289	5.50%		IL		221,734		127,761
Mortgage Loan ID#1000043686	7.20%		FL		154,723		127,547
Mortgage Loan ID#1000029262	7.20%		FL		369,035		127,510
Mortgage Loan ID#1000001937	7.88%		TX		142,127		127,352
Mortgage Loan ID#1000003858	2.63%		GA		155,747		127,238
Mortgage Loan ID#1000026010	5.13%		WA		198,267		126,945
Mortgage Loan ID#1000001242	3.50%		NY		235,287		126,559
Mortgage Loan ID#1000043462	8.96%		NY		169,438		126,337
Mortgage Loan ID#1000000817	6.63%		CA		199,994		126,292
Mortgage Loan ID#1000027985	4.88%		TN		156,862		126,045
Mortgage Loan ID#1000034882	6.38%		NJ		202,992		125,986
Mortgage Loan ID#1000015942	8.00%		NM		119,878		125,319
Mortgage Loan ID#1000017474	3.00%		IL		279,435		125,290
Mortgage Loan ID#1000038587	3.00%		PA		213,294		124,829
Mortgage Loan ID#1000028474	4.88%		TX		141,183		124,526
Mortgage Loan ID#1000026006	7.00%		WA		194,918		124,377
Mortgage Loan ID#1000035533	4.13%		NJ		189,428		123,487
Mortgage Loan ID#1000016328	6.25%		NJ		138,797		123,416
Mortgage Loan ID#1000015617	7.55%		FL		187,903		122,505
Mortgage Loan ID#1000017375	5.00%		MO		183,496		122,396
Mortgage Loan ID#1000029186	3.00%		FL		211,436		122,394
Mortgage Loan ID#1000038507	6.38%		FL		300,000		122,351
Mortgage Loan ID#1000029003	5.50%		CA		174,182		122,284
Mortgage Loan ID#1000001442	2.38%		NJ		244,693		122,158
Mortgage Loan ID#1000016053	9.25%		ME		119,370		121,987
Mortgage Loan ID#1000028882	2.00%		NY		302,276		121,763
Mortgage Loan ID#1000028428	6.45%		CT		197,114		121,616
Mortgage Loan ID#1000028078	6.25%		OR		126,356		121,565
Mortgage Loan ID#1000002310	6.00%		ME		223,787		121,553
Mortgage Loan ID#1000043304	9.59%		IL		121,800		121,531
Mortgage Loan ID#1000017245	7.89%		CA		153,870		121,351
Mortgage Loan ID#1000029044	5.00%		NJ		277,927		121,085
Mortgage Loan ID#1000026912	2.00%		NY		256,854		121,036
Mortgage Loan ID#1000001608	7.88%		NY		464,000		120,966
Mortgage Loan ID#1000001915	7.75%		AZ		134,915		120,089
Mortgage Loan ID#1000043731	3.75%		NJ		206,001		120,049
Mortgage Loan ID#1000027861	7.33%		FL		152,496		119,649
Mortgage Loan ID#1000025940	3.00%		NH		264,857		119,407
Mortgage Loan ID#1000029325	4.63%		FL		186,905		119,265
Mortgage Loan ID#1000026463	6.38%		MD		278,067		119,063
Mortgage Loan ID#1000017335	2.63%		VA		250,423		118,863
Mortgage Loan ID#1000028793	2.00%		NC		265,952		118,296
Mortgage Loan ID#1000027131	2.75%		FL		133,728		118,289
Mortgage Loan ID#1000035205	2.59%		CO		147,230		118,164
Mortgage Loan ID#1000017342	5.75%		FL		240,241		118,161
Mortgage Loan ID#1000028216	6.38%		NJ		437,092		118,151
Mortgage Loan ID#1000000399	5.75%		NJ		299,822		118,141
Mortgage Loan ID#1000026007	3.51%		AZ		141,708		117,826
Mortgage Loan ID#1000016437	7.95%		IL		133,766		117,814
Mortgage Loan ID#1000017513	4.13%		MA		186,836		117,689
Mortgage Loan ID#1000027466	8.40%		NJ		283,206		117,672
Mortgage Loan ID#1000044178	2.00%		MA		177,336		117,521
Mortgage Loan ID#1000028884	3.00%		NJ		188,376		117,394
Mortgage Loan ID#1000028173	5.83%		WA		162,457		117,386
Mortgage Loan ID#1000034972	7.13%		NJ		283,530		116,965
Mortgage Loan ID#1000015271	3.00%		IN		178,608		116,947
Mortgage Loan ID#1000026938	7.64%		NY		175,908		116,916
Mortgage Loan ID#1000025967	9.25%		PA		112,415		116,692
Mortgage Loan ID#1000002359	8.63%		NY		259,846		116,670
Mortgage Loan ID#1000003856	2.63%		AR		136,340		116,667
Mortgage Loan ID#1000015578	7.50%		GA		142,691		116,583
Mortgage Loan ID#1000017321	5.15%		MD		182,177		116,445
Mortgage Loan ID#1000001259	3.75%		FL		377,124		116,075
Mortgage Loan ID#1000001431	4.13%		NY		204,557		116,001
Mortgage Loan ID#1000003863	8.63%		MD		164,228		115,968
Mortgage Loan ID#1000029122	4.75%		FL		184,157		115,908
Mortgage Loan ID#1000025983	6.75%		MI		147,310		115,794
Mortgage Loan ID#1000043129	7.31%		FL		122,549		115,766
Mortgage Loan ID#1000043480	5.00%		FL		204,076		115,341
Mortgage Loan ID#1000003647	2.00%		MI		292,910		115,308
Mortgage Loan ID#1000029089	9.00%		WA		192,477		115,200
Mortgage Loan ID#1000001912	5.00%		FL		178,094		115,199
Mortgage Loan ID#1000029147	2.06%		FL		222,914		115,168
Mortgage Loan ID#1000028256	9.82%		IL		179,064		115,097
Mortgage Loan ID#1000029320	4.50%		FL		228,137		114,883
Mortgage Loan ID#1000001920	7.00%		AZ		128,014		114,882
Mortgage Loan ID#1000026546	4.88%		VA		152,405		114,731
Mortgage Loan ID#1000035199	5.00%		FL		130,295		114,677
Mortgage Loan ID#1000038533	7.88%		IL		138,251		114,534
Mortgage Loan ID#1000026016	4.38%		NM		221,616		114,498
Mortgage Loan ID#1000044171	4.00%		IL		305,103		114,342
Mortgage Loan ID#1000001943	5.80%		MT		151,192		114,254
Mortgage Loan ID#1000016574	6.25%		IL		160,406		114,007
Mortgage Loan ID#1000034758	5.88%		WA		176,658		113,743
Mortgage Loan ID#1000043594	7.90%		IN		135,622		113,711
Mortgage Loan ID#1000026014	3.25%		OR		210,223		113,587
Mortgage Loan ID#1000034988	2.00%		FL		187,490		113,498
Mortgage Loan ID#1000027208	5.00%		IL		142,608		113,343
Mortgage Loan ID#1000043544	2.50%		OH		179,019		113,290
Mortgage Loan ID#1000028960	8.25%		NY		314,675		113,223
Mortgage Loan ID#1000017485	6.80%		OH		114,608		113,145
Mortgage Loan ID#1000001924	4.00%		WA		232,409		112,910
Mortgage Loan ID#1000027901	5.00%		AZ		121,898		112,584
Mortgage Loan ID#1000015990	8.85%		IL		123,753		112,457
Mortgage Loan ID#1000017443	7.40%		TN		110,039		112,199
Mortgage Loan ID#1000035737	2.00%		CA		139,485		111,975
Mortgage Loan ID#1000028918	3.31%		FL		228,373		111,689
Mortgage Loan ID#1000026614	4.88%		NC		146,880		111,342
Mortgage Loan ID#1000027040	2.00%		AL		207,479		111,016
Mortgage Loan ID#1000029356	2.00%		CA		391,795		110,735
Mortgage Loan ID#1000026109	5.99%		MA		222,625		110,543
Mortgage Loan ID#1000028235	2.00%		MN		146,140		110,467
Mortgage Loan ID#1000017110	4.00%		SC		196,535		109,941
Mortgage Loan ID#1000043827	7.61%		PA		127,608		109,747
Mortgage Loan ID#1000036067	6.95%		MD		109,496		109,675
Mortgage Loan ID#1000029258	8.00%		PA		115,263		109,598
Mortgage Loan ID#1000001904	7.63%		TX		124,038		109,186
Mortgage Loan ID#1000002215	7.88%		NC		207,028		109,184
Mortgage Loan ID#1000035151	2.00%		NJ		147,235		108,942
Mortgage Loan ID#1000028995	2.00%		PA		350,472		108,930
Mortgage Loan ID#1000027209	4.63%		IL		194,303		108,929
Mortgage Loan ID#1000044265	7.99%		OR		180,439		108,827
Mortgage Loan ID#1000015334	4.88%		IL		178,563		108,825
Mortgage Loan ID#1000017411	7.75%		FL		188,077		108,750
Mortgage Loan ID#1000016038	6.99%		DE		152,305		108,439
Mortgage Loan ID#1000001619	2.00%		CA		187,763		108,429
Mortgage Loan ID#1000015325	4.00%		CT		208,263		108,186
Mortgage Loan ID#1000027349	6.85%		CO		160,416		108,088
Mortgage Loan ID#1000043928	7.99%		TX		106,259		108,000
Mortgage Loan ID#1000043476	8.17%		NV		161,986		107,475
Mortgage Loan ID#1000003489	7.13%		WI		126,758		107,290
Mortgage Loan ID#1000035666	7.62%		NY		122,900		107,241
Mortgage Loan ID#1000017362	5.25%		NY		118,032		107,210
Mortgage Loan ID#1000028883	7.00%		FL		262,400		107,105
Mortgage Loan ID#1000003842	3.63%		MD		105,178		106,980
Mortgage Loan ID#1000001344	2.00%		FL		261,186		106,974
Mortgage Loan ID#1000035995	3.00%		WA		208,543		106,695
Mortgage Loan ID#1000038567	6.13%		ME		115,037		106,425
Mortgage Loan ID#1000002289	6.00%		AZ		145,779		106,352
Mortgage Loan ID#1000028832	4.58%		FL		601,406		106,338
Mortgage Loan ID#1000025973	3.00%		PA		299,875		106,252
Mortgage Loan ID#1000026282	3.50%		VA		360,657		106,053
Mortgage Loan ID#1000044139	4.38%		RI		231,001		106,044
Mortgage Loan ID#1000028487	5.13%		TN		123,125		105,941
Mortgage Loan ID#1000017518	8.25%		NJ		124,967		105,923
Mortgage Loan ID#1000028411	7.50%		FL		151,243		105,911
Mortgage Loan ID#1000035314	2.84%		MD		218,926		105,825
Mortgage Loan ID#1000028422	4.13%		MN		269,335		105,183
Mortgage Loan ID#1000043284	7.75%		FL		161,248		105,164
Mortgage Loan ID#1000028992	5.00%		WI		197,700		105,071
Mortgage Loan ID#1000027174	4.78%		MA		286,450		104,182
Mortgage Loan ID#1000028957	3.75%		CO		177,257		104,157
Mortgage Loan ID#1000043809	8.50%		FL		104,873		103,919
Mortgage Loan ID#1000028902	10.25%		PA		98,962		103,910
Mortgage Loan ID#1000027454	3.88%		NJ		345,428		103,839
Mortgage Loan ID#1000035041	6.25%		NJ		242,563		103,753
Mortgage Loan ID#1000038508	4.50%		NJ		234,727		103,544
Mortgage Loan ID#1000002963	12.00%		AZ		115,551		103,401
Mortgage Loan ID#1000026110	2.00%		SC		236,923		103,185
Mortgage Loan ID#1000003845	2.88%		MD		119,878		102,534
Mortgage Loan ID#1000029261	5.20%		UT		120,819		102,469
Mortgage Loan ID#1000001928	6.38%		CO		123,406		102,335
Mortgage Loan ID#1000029375	4.78%		MD		198,256		102,306
Mortgage Loan ID#1000026829	2.00%		IL		233,033		102,246
Mortgage Loan ID#1000035033	7.00%		NJ		152,649		102,226
Mortgage Loan ID#1000027494	4.00%		FL		239,598		102,171
Mortgage Loan ID#1000028919	8.00%		NM		248,401		102,148
Mortgage Loan ID#1000028156	5.99%		NJ		171,886		102,059
Mortgage Loan ID#1000034960	7.38%		UT		142,908		101,908
Mortgage Loan ID#1000043404	4.00%		WI		143,293		101,871
Mortgage Loan ID#1000026749	7.92%		MI		151,400		101,805
Mortgage Loan ID#1000028981	4.75%		PA		141,998		101,794
Mortgage Loan ID#1000017260	9.65%		MA		97,573		101,787
Mortgage Loan ID#1000043919	8.00%		IA		99,426		101,765
Mortgage Loan ID#1000043448	7.09%		FL		106,991		101,651
Mortgage Loan ID#1000028475	4.82%		DE		200,219		101,529
Mortgage Loan ID#1000027397	2.00%		CT		260,453		101,500
Mortgage Loan ID#1000044020	3.40%		IL		182,350		101,381
Mortgage Loan ID#1000027668	3.00%		OH		157,430		101,286
Mortgage Loan ID#1000038566	2.00%		FL		199,147		100,644
Mortgage Loan ID#1000035045	6.38%		FL		188,154		100,634
Mortgage Loan ID#1000028502	7.50%		MD		98,262		100,372
Mortgage Loan ID#1000001859	7.88%		MO		125,800		99,875
Mortgage Loan ID#1000029306	6.38%		FL		143,999		99,666
Mortgage Loan ID#1000044209	4.00%		LA		107,802		99,628
Mortgage Loan ID#1000017068	4.00%		MD		205,917		99,491
Mortgage Loan ID#1000035741	2.00%		FL		235,131		99,412
Mortgage Loan ID#1000028894	3.88%		FL		300,106		99,346
Mortgage Loan ID#1000044151	4.00%		PA		168,428		99,078
Mortgage Loan ID#1000001983	5.00%		FL		207,770		98,965
Mortgage Loan ID#1000043833	6.38%		NY		115,112		98,804
Mortgage Loan ID#1000026002	2.00%		CT		159,251		98,577
Mortgage Loan ID#1000015924	7.51%		FL		164,700		98,552
Mortgage Loan ID#1000015929	6.13%		NY		117,061		98,497
Mortgage Loan ID#1000000365	11.75%		VA		111,200		98,362
Mortgage Loan ID#1000044181	6.75%		MI		138,119		98,294
Mortgage Loan ID#1000001569	2.00%		FL		292,630		98,031
Mortgage Loan ID#1000017341	2.00%		WA		223,870		97,994
Mortgage Loan ID#1000026034	2.00%		CA		306,274		97,622
Mortgage Loan ID#1000016152	5.75%		NY		101,254		97,478
Mortgage Loan ID#1000029234	3.51%		IL		310,668		97,377
Mortgage Loan ID#1000001948	7.63%		VA		123,183		97,311
Mortgage Loan ID#1000000776	4.88%		PA		126,371		96,732
Mortgage Loan ID#1000043360	7.95%		FL		166,017		96,296
Mortgage Loan ID#1000043320	4.88%		WI		209,451		96,253
Mortgage Loan ID#1000029143	4.00%		PA		140,705		96,154
Mortgage Loan ID#1000000254	2.00%		NC		122,408		96,134
Mortgage Loan ID#1000001326	3.75%		FL		136,514		95,842
Mortgage Loan ID#1000029341	4.00%		MD		151,024		95,621
Mortgage Loan ID#1000015132	6.88%		IL		267,660		95,219
Mortgage Loan ID#1000027500	2.00%		FL		512,208		95,209
Mortgage Loan ID#1000028414	6.99%		OH		95,908		95,183
Mortgage Loan ID#1000025934	6.50%		TN		120,440		95,031
Mortgage Loan ID#1000043977	9.79%		TX		127,587		94,434
Mortgage Loan ID#1000028830	6.99%		NJ		283,816		94,381
Mortgage Loan ID#1000026947	9.49%		MI		89,963		94,278
Mortgage Loan ID#1000026049	3.88%		FL		234,564		94,122
Mortgage Loan ID#1000027402	6.50%		TX		97,632		93,880
Mortgage Loan ID#1000026058	6.13%		TX		132,592		93,861
Mortgage Loan ID#1000027998	2.63%		TX		108,884		93,786
Mortgage Loan ID#1000017236	6.55%		CO		95,887		93,659
Mortgage Loan ID#1000043411	2.00%		MA		215,064		93,653
Mortgage Loan ID#1000015229	4.78%		IA		123,981		93,610
Mortgage Loan ID#1000017455	9.00%		SC		122,729		93,507
Mortgage Loan ID#1000028865	7.40%		FL		161,600		93,404
Mortgage Loan ID#1000003668	3.00%		MD		346,878		93,298
Mortgage Loan ID#1000035535	3.00%		LA		120,436		93,277
Mortgage Loan ID#1000028922	4.13%		PA		217,594		93,272
Mortgage Loan ID#1000017468	2.00%		NJ		177,487		93,157
Mortgage Loan ID#1000029011	6.05%		MI		163,933		93,069
Mortgage Loan ID#1000026254	3.50%		VA		409,382		92,917
Mortgage Loan ID#1000028385	2.00%		TX		114,109		92,874
Mortgage Loan ID#1000029316	8.45%		TX		90,910		92,485
Mortgage Loan ID#1000035990	2.00%		LA		147,716		92,434
Mortgage Loan ID#1000001961	5.00%		CT		189,488		92,375
Mortgage Loan ID#1000035224	6.78%		NY		118,552		92,222
Mortgage Loan ID#1000043128	6.86%		NJ		102,661		92,119
Mortgage Loan ID#1000035270	4.00%		MA		217,305		92,117
Mortgage Loan ID#1000001369	6.80%		IL		309,379		91,984
Mortgage Loan ID#1000043550	6.88%		NJ		193,444		91,213
Mortgage Loan ID#1000029323	3.63%		FL		159,342		91,176
Mortgage Loan ID#1000035646	7.99%		OR		207,000		91,125
Mortgage Loan ID#1000015473	2.13%		MN		110,900		91,103
Mortgage Loan ID#1000027403	5.38%		WI		202,915		90,525
Mortgage Loan ID#1000001940	4.00%		NV		241,454		90,433
Mortgage Loan ID#1000027258	8.25%		AL		118,779		90,262
Mortgage Loan ID#1000043752	6.99%		OK		90,961		90,183
Mortgage Loan ID#1000043941	2.00%		ID		150,010		89,896
Mortgage Loan ID#1000044087	6.06%		MO		182,450		89,853
Mortgage Loan ID#1000043400	7.99%		OH		140,107		89,797
Mortgage Loan ID#1000034996	7.13%		IL		130,113		89,601
Mortgage Loan ID#1000035732	4.13%		OR		144,208		89,396
Mortgage Loan ID#1000028478	6.39%		SC		108,605		89,047
Mortgage Loan ID#1000025959	2.25%		KS		158,409		88,805
Mortgage Loan ID#1000001066	9.50%		FL		203,067		88,776
Mortgage Loan ID#1000000529	5.50%		NC		133,816		88,474
Mortgage Loan ID#1000026604	2.00%		GA		172,798		88,272
Mortgage Loan ID#1000027415	5.13%		FL		165,380		88,197
Mortgage Loan ID#1000044117	4.00%		OH		84,686		88,008
Mortgage Loan ID#1000003513	8.38%		GA		130,372		87,720
Mortgage Loan ID#1000034776	5.00%		IN		108,580		87,700
Mortgage Loan ID#1000001521	2.00%		NE		120,451		87,446
Mortgage Loan ID#1000027869	3.25%		LA		183,007		87,331
Mortgage Loan ID#1000035194	9.38%		RI		298,641		87,254
Mortgage Loan ID#1000028936	5.00%		NY		460,660		87,206
Mortgage Loan ID#1000015261	4.88%		PA		118,949		86,909
Mortgage Loan ID#1000000677	5.00%		FL		146,312		86,776
Mortgage Loan ID#1000017401	2.00%		IN		111,571		86,509
Mortgage Loan ID#1000016888	2.00%		WI		141,443		86,498
Mortgage Loan ID#1000001464	2.00%		IL		257,030		86,480
Mortgage Loan ID#1000025990	5.20%		VA		131,197		86,413
Mortgage Loan ID#1000027341	8.55%		TX		98,697		86,395
Mortgage Loan ID#1000026667	6.40%		MI		143,178		86,229
Mortgage Loan ID#1000043469	10.06%		PA		149,414		86,119
Mortgage Loan ID#1000000426	2.63%		CO		145,574		85,992
Mortgage Loan ID#1000003506	5.00%		MI		108,330		85,792
Mortgage Loan ID#1000029347	4.13%		FL		155,952		85,559
Mortgage Loan ID#1000027991	8.89%		GA		166,641		85,455
Mortgage Loan ID#1000001840	4.00%		MN		164,004		85,168
Mortgage Loan ID#1000044160	5.13%		OH		171,459		85,027
Mortgage Loan ID#1000017171	6.00%		GA		146,996		84,961
Mortgage Loan ID#1000016347	3.75%		OH		141,559		84,759
Mortgage Loan ID#1000035673	4.88%		CO		148,458		84,675
Mortgage Loan ID#1000043137	7.85%		FL		101,296		84,547
Mortgage Loan ID#1000035479	7.95%		FL		182,472		84,407
Mortgage Loan ID#1000001800	7.88%		NY		104,482		84,406
Mortgage Loan ID#1000026384	4.00%		MN		153,216		84,217
Mortgage Loan ID#1000002200	5.25%		FL		225,012		84,153
Mortgage Loan ID#1000028466	7.50%		IL		102,242		83,862
Mortgage Loan ID#1000000662	7.85%		MN		212,409		83,858
Mortgage Loan ID#1000026361	7.45%		FL		167,029		83,844
Mortgage Loan ID#1000003508	4.00%		GA		115,801		83,278
Mortgage Loan ID#1000017460	7.00%		FL		234,521		83,263
Mortgage Loan ID#1000001966	5.40%		CT		212,338		83,140
Mortgage Loan ID#1000028465	4.80%		OR		127,615		82,933
Mortgage Loan ID#1000001910	3.00%		NV		245,946		82,877
Mortgage Loan ID#1000025964	7.00%		PA		112,408		82,648
Mortgage Loan ID#1000028931	2.00%		CT		226,749		82,645
Mortgage Loan ID#1000000773	11.75%		PA		79,318		82,606
Mortgage Loan ID#1000001128	5.00%		FL		121,690		82,425
Mortgage Loan ID#1000016194	6.88%		NY		89,843		82,342
Mortgage Loan ID#1000015933	7.13%		AZ		80,848		82,284
Mortgage Loan ID#1000035363	2.60%		CA		91,967		82,203
Mortgage Loan ID#1000044215	7.25%		TX		108,509		81,958
Mortgage Loan ID#1000038454	6.50%		NJ		127,627		81,860
Mortgage Loan ID#1000027400	7.75%		NY		229,668		81,832
Mortgage Loan ID#1000038579	6.38%		NJ		144,272		81,743
Mortgage Loan ID#1000015608	6.15%		FL		119,053		81,699
Mortgage Loan ID#1000035080	7.13%		NJ		155,369		81,607
Mortgage Loan ID#1000017428	9.23%		NC		78,208		81,491
Mortgage Loan ID#1000001921	7.75%		VA		132,562		81,437
Mortgage Loan ID#1000015257	4.00%		PA		130,749		81,190
Mortgage Loan ID#1000043946	2.00%		MA		160,716		81,157
Mortgage Loan ID#1000001827	8.50%		IN		103,457		81,136
Mortgage Loan ID#1000028988	6.88%		FL		97,375		80,785
Mortgage Loan ID#1000025970	7.00%		SD		84,669		80,682
Mortgage Loan ID#1000028969	6.00%		MD		184,196		80,206
Mortgage Loan ID#1000017039	3.00%		FL		257,894		80,103
Mortgage Loan ID#1000043380	8.69%		TN		121,441		80,002
Mortgage Loan ID#1000027372	7.55%		NJ		78,968		79,681
Mortgage Loan ID#1000001949	7.13%		NJ		195,145		79,542
Mortgage Loan ID#1000028191	4.50%		PA		176,017		79,314
Mortgage Loan ID#1000029010	2.00%		FL		125,717		79,268
Mortgage Loan ID#1000014981	4.82%		IL		118,215		79,195
Mortgage Loan ID#1000043618	6.88%		NY		276,775		79,129
Mortgage Loan ID#1000043863	3.00%		IL		173,654		79,036
Mortgage Loan ID#1000017433	8.39%		SC		116,079		79,021
Mortgage Loan ID#1000015320	4.00%		DE		139,406		78,840
Mortgage Loan ID#1000027437	9.69%		NY		114,538		78,596
Mortgage Loan ID#1000029201	2.00%		WI		160,855		78,568
Mortgage Loan ID#1000000440	2.63%		TX		92,868		78,562
Mortgage Loan ID#1000043561	4.13%		AZ		181,516		78,231
Mortgage Loan ID#1000029115	2.00%		CA		372,462		78,131
Mortgage Loan ID#1000038554	7.25%		IL		153,617		78,079
Mortgage Loan ID#1000015930	8.00%		AZ		212,936		77,785
Mortgage Loan ID#1000027035	5.13%		FL		88,839		77,589
Mortgage Loan ID#1000028183	3.75%		WA		180,315		77,432
Mortgage Loan ID#1000001830	3.00%		NV		161,021		77,424
Mortgage Loan ID#1000001793	8.50%		NY		86,882		77,312
Mortgage Loan ID#1000043794	4.88%		WI		187,694		77,162
Mortgage Loan ID#1000028825	4.75%		FL		223,739		77,070
Mortgage Loan ID#1000043217	5.13%		OH		127,363		76,999
Mortgage Loan ID#1000015866	3.00%		PA		163,783		76,902
Mortgage Loan ID#1000028337	8.35%		MI		81,365		76,779
Mortgage Loan ID#1000029180	8.60%		OH		143,347		76,344
Mortgage Loan ID#7000014317	5.25%		VA		134,497		76,311
Mortgage Loan ID#1000017491	2.00%		CT		97,153		76,203
Mortgage Loan ID#1000034969	8.00%		IL		152,489		76,138
Mortgage Loan ID#1000028954	2.00%		FL		95,078		75,717
Mortgage Loan ID#1000026021	2.00%		IL		255,874		75,653
Mortgage Loan ID#1000014985	5.00%		MD		85,322		75,587
Mortgage Loan ID#1000029422	7.30%		FL		191,565		75,510
Mortgage Loan ID#1000027754	4.85%		WA		232,820		75,293
Mortgage Loan ID#1000015282	2.00%		LA		129,771		75,193
Mortgage Loan ID#1000001265	3.00%		FL		269,243		75,132
Mortgage Loan ID#1000027808	3.00%		GA		161,040		75,132
Mortgage Loan ID#1000027534	7.75%		FL		359,864		74,914
Mortgage Loan ID#1000000903	7.38%		CA		135,000		74,865
Mortgage Loan ID#1000028177	9.74%		PA		117,284		74,822
Mortgage Loan ID#1000029219	2.50%		FL		198,882		74,537
Mortgage Loan ID#1000043921	4.88%		MD		247,427		74,216
Mortgage Loan ID#1000043661	7.00%		TX		75,533		74,043
Mortgage Loan ID#1000043722	6.88%		PA		92,005		73,925
Mortgage Loan ID#1000035997	2.00%		MS		96,770		73,862
Mortgage Loan ID#1000028950	7.50%		WI		95,334		73,697
Mortgage Loan ID#1000026544	7.25%		MA		215,907		73,124
Mortgage Loan ID#1000043414	4.38%		NC		133,508		73,072
Mortgage Loan ID#1000029135	7.65%		IL		152,496		73,026
Mortgage Loan ID#1000003477	2.00%		MS		126,617		72,970
Mortgage Loan ID#1000035844	5.75%		SC		231,898		72,957
Mortgage Loan ID#1000000706	2.63%		FL		231,992		72,953
Mortgage Loan ID#1000044142	5.00%		OH		125,957		72,574
Mortgage Loan ID#1000044116	6.95%		NJ		152,610		72,564
Mortgage Loan ID#1000029027	4.63%		AZ		309,110		72,342
Mortgage Loan ID#1000027365	2.00%		GA		119,316		72,229
Mortgage Loan ID#1000043393	9.20%		KY		68,739		72,176
Mortgage Loan ID#1000028798	4.84%		OH		128,514		71,768
Mortgage Loan ID#1000026230	7.25%		FL		79,811		71,761
Mortgage Loan ID#1000025987	7.50%		WI		178,211		71,340
Mortgage Loan ID#1000029162	7.50%		LA		119,965		71,307
Mortgage Loan ID#1000029060	2.00%		LA		101,978		71,253
Mortgage Loan ID#1000029140	5.00%		FL		106,934		71,219
Mortgage Loan ID#1000017447	8.15%		AL		67,515		70,891
Mortgage Loan ID#1000026256	8.75%		FL		143,301		70,864
Mortgage Loan ID#1000000694	2.63%		FL		160,179		70,861
Mortgage Loan ID#1000015565	8.70%		NY		67,138		70,495
Mortgage Loan ID#1000027505	9.25%		NY		123,383		70,480
Mortgage Loan ID#1000043595	9.74%		ME		123,741		70,366
Mortgage Loan ID#1000017410	4.88%		MI		137,845		70,073
Mortgage Loan ID#1000016120	8.25%		NJ		77,266		70,035
Mortgage Loan ID#1000001909	5.00%		SC		207,600		69,905
Mortgage Loan ID#1000015452	4.00%		MO		240,684		69,868
Mortgage Loan ID#1000044296	4.50%		IL		331,189		69,715
Mortgage Loan ID#1000025968	7.50%		CA		184,382		69,665
Mortgage Loan ID#1000000226	2.00%		AZ		164,669		69,584
Mortgage Loan ID#1000029233	10.60%		FL		87,615		69,546
Mortgage Loan ID#1000003918	8.50%		AR		67,704		69,506
Mortgage Loan ID#1000015972	6.98%		FL		96,310		69,459
Mortgage Loan ID#1000017061	2.00%		IL		222,726		69,451
Mortgage Loan ID#1000029423	2.40%		TX		94,221		69,451
Mortgage Loan ID#1000017087	8.00%		IL		66,441		69,151
Mortgage Loan ID#1000044276	4.75%		MA		96,391		69,025
Mortgage Loan ID#1000029038	2.00%		WI		152,329		69,004
Mortgage Loan ID#1000016159	6.75%		NY		169,119		68,994
Mortgage Loan ID#1000026556	9.10%		FL		135,516		68,990
Mortgage Loan ID#1000014966	2.00%		MD		186,032		68,968
Mortgage Loan ID#1000044279	6.70%		TX		73,163		68,920
Mortgage Loan ID#1000027480	7.84%		FL		183,257		68,919
Mortgage Loan ID#1000038532	7.88%		IL		148,505		68,755
Mortgage Loan ID#1000016784	8.25%		FL		197,654		68,705
Mortgage Loan ID#1000044271	3.38%		MN		77,867		68,645
Mortgage Loan ID#1000016520	5.50%		FL		81,293		68,624
Mortgage Loan ID#1000029163	3.96%		PA		101,956		68,209
Mortgage Loan ID#1000026336	8.55%		PA		139,002		68,088
Mortgage Loan ID#1000015614	2.63%		FL		116,635		67,892
Mortgage Loan ID#1000043575	5.88%		NY		177,408		67,713
Mortgage Loan ID#1000027018	8.79%		IL		99,756		67,685
Mortgage Loan ID#1000017517	2.00%		NM		109,080		67,537
Mortgage Loan ID#1000028440	2.00%		NY		120,313		67,488
Mortgage Loan ID#1000000654	4.75%		NC		81,880		67,360
Mortgage Loan ID#1000044235	6.85%		NJ		90,853		67,186
Mortgage Loan ID#1000043955	4.13%		PA		87,813		67,084
Mortgage Loan ID#1000025960	5.98%		OH		147,091		67,057
Mortgage Loan ID#1000015272	7.83%		TX		63,849		67,041
Mortgage Loan ID#1000015945	2.63%		IL		81,453		67,034
Mortgage Loan ID#1000001822	2.00%		FL		162,997		66,664
Mortgage Loan ID#1000028447	8.25%		NC		185,786		66,659
Mortgage Loan ID#1000026592	3.25%		KY		124,709		66,354
Mortgage Loan ID#1000026136	10.84%		GA		91,383		66,109
Mortgage Loan ID#1000000390	2.63%		IL		97,658		65,859
Mortgage Loan ID#1000026994	10.14%		NC		82,596		65,843
Mortgage Loan ID#1000002006	7.75%		FL		75,001		65,754
Mortgage Loan ID#1000015940	7.00%		OH		65,454		65,596
Mortgage Loan ID#1000028909	2.00%		CA		277,370		65,572
Mortgage Loan ID#1000029279	5.25%		MI		97,954		65,359
Mortgage Loan ID#1000026704	5.35%		FL		214,130		65,345
Mortgage Loan ID#1000000613	10.40%		IN		88,165		65,304
Mortgage Loan ID#1000043409	5.15%		VA		107,770		64,773
Mortgage Loan ID#1000034773	5.13%		PA		70,166		64,671
Mortgage Loan ID#1000044021	6.78%		MA		210,541		64,667
Mortgage Loan ID#1000028837	7.13%		OH		69,708		64,557
Mortgage Loan ID#1000038442	4.13%		OK		148,211		64,173
Mortgage Loan ID#1000014997	7.88%		NY		61,049		64,102
Mortgage Loan ID#1000029407	4.75%		KY		130,120		64,088
Mortgage Loan ID#1000044152	5.00%		MO		72,776		63,899
Mortgage Loan ID#1000043627	4.63%		LA		130,145		63,651
Mortgage Loan ID#1000026609	4.00%		IL		81,218		63,592
Mortgage Loan ID#1000027352	7.88%		OH		95,492		63,323
Mortgage Loan ID#1000025939	4.00%		KY		88,398		63,213
Mortgage Loan ID#1000026718	8.19%		AZ		201,020		63,079
Mortgage Loan ID#1000028848	2.00%		RI		325,033		62,885
Mortgage Loan ID#1000003512	3.13%		GA		105,626		62,598
Mortgage Loan ID#1000043563	3.88%		FL		229,946		62,561
Mortgage Loan ID#1000000412	2.63%		DE		136,687		62,513
Mortgage Loan ID#1000026464	7.50%		WI		60,100		62,448
Mortgage Loan ID#1000027105	8.75%		OR		153,228		62,222
Mortgage Loan ID#1000015314	3.25%		IN		127,932		62,205
Mortgage Loan ID#1000015939	4.00%		AZ		84,235		61,975
Mortgage Loan ID#1000015532	5.00%		SC		202,359		61,911
Mortgage Loan ID#1000016432	3.00%		GA		68,986		61,753
Mortgage Loan ID#1000043709	4.13%		MI		161,372		61,722
Mortgage Loan ID#1000035249	9.00%		NY		59,934		61,697
Mortgage Loan ID#1000043950	9.70%		OR		183,348		61,177
Mortgage Loan ID#1000027990	7.95%		MI		60,517		61,166
Mortgage Loan ID#7000004746	4.75%		CA		95,209		61,140
Mortgage Loan ID#1000000219	3.75%		IL		219,981		61,113
Mortgage Loan ID#1000026364	2.00%		PA		88,792		60,803
Mortgage Loan ID#1000035192	5.00%		TX		85,725		60,534
Mortgage Loan ID#1000029268	4.13%		IA		82,377		60,343
Mortgage Loan ID#1000028180	4.13%		PA		112,431		60,250
Mortgage Loan ID#1000015597	7.39%		OH		95,527		60,109
Mortgage Loan ID#1000029109	7.50%		IL		118,557		60,006
Mortgage Loan ID#1000043088	7.15%		NJ		82,226		59,916
Mortgage Loan ID#1000027381	11.50%		NC		69,424		59,895
Mortgage Loan ID#1000016871	4.31%		RI		206,663		59,801
Mortgage Loan ID#1000028008	7.13%		AL		109,176		59,281
Mortgage Loan ID#1000016084	5.13%		LA		72,845		59,255
Mortgage Loan ID#1000027380	4.81%		TX		79,672		59,235
Mortgage Loan ID#1000029409	4.84%		CA		127,306		58,442
Mortgage Loan ID#1000029092	2.13%		MO		98,164		58,347
Mortgage Loan ID#1000043222	3.47%		CA		63,044		58,271
Mortgage Loan ID#1000027361	7.45%		LA		58,585		58,089
Mortgage Loan ID#1000016908	5.00%		CA		75,176		57,809
Mortgage Loan ID#1000043981	2.00%		NC		125,314		57,691
Mortgage Loan ID#1000035556	4.89%		FL		141,777		57,619
Mortgage Loan ID#1000043133	2.00%		IL		107,958		57,539
Mortgage Loan ID#1000029239	5.63%		FL		65,178		57,229
Mortgage Loan ID#1000003941	7.65%		TN		76,228		57,193
Mortgage Loan ID#1000044213	6.00%		FL		153,984		56,883
Mortgage Loan ID#1000015336	8.26%		MN		113,745		56,799
Mortgage Loan ID#1000026752	10.88%		OH		149,036		56,639
Mortgage Loan ID#1000015563	4.00%		LA		69,135		56,617
Mortgage Loan ID#1000001233	2.00%		IL		166,139		56,457
Mortgage Loan ID#1000017351	2.88%		KS		86,922		56,244
Mortgage Loan ID#1000043705	2.00%		NY		87,331		56,160
Mortgage Loan ID#1000026554	10.68%		GA		53,420		56,091
Mortgage Loan ID#1000026516	5.25%		CT		196,509		55,896
Mortgage Loan ID#1000015931	7.88%		IL		53,407		55,406
Mortgage Loan ID#1000000621	4.50%		KY		105,303		55,400
Mortgage Loan ID#1000029080	4.38%		IA		82,915		55,364
Mortgage Loan ID#1000043879	8.48%		WI		93,692		55,092
Mortgage Loan ID#1000000563	8.99%		AZ		83,387		54,881
Mortgage Loan ID#1000043424	7.38%		AL		53,821		54,759
Mortgage Loan ID#1000025958	4.13%		WI		130,805		54,751
Mortgage Loan ID#1000000663	9.85%		NY		59,525		54,590
Mortgage Loan ID#1000027941	8.75%		GA		189,174		54,408
Mortgage Loan ID#1000015971	2.00%		IL		139,609		54,245
Mortgage Loan ID#1000015932	6.13%		NY		64,780		54,228
Mortgage Loan ID#1000015260	4.00%		GA		94,683		54,123
Mortgage Loan ID#1000027844	2.00%		MA		335,905		54,016
Mortgage Loan ID#1002229098	8.00%		GA		56,503		53,654
Mortgage Loan ID#1000044219	2.00%		ID		102,185		53,615
Mortgage Loan ID#1000016068	10.18%		FL		288,111		53,230
Mortgage Loan ID#1000000376	11.13%		NY		53,400		53,216
Mortgage Loan ID#1000043555	5.38%		NC		143,114		53,053
Mortgage Loan ID#1000044193	6.25%		NC		152,631		53,039
Mortgage Loan ID#1000028840	3.19%		FL		209,736		52,963
Mortgage Loan ID#1000026454	2.00%		IA		77,141		52,650
Mortgage Loan ID#1000001792	2.00%		SC		100,849		52,609
Mortgage Loan ID#1000044223	8.55%		OK		82,868		52,518
Mortgage Loan ID#1000043264	6.00%		OH		91,889		52,462
Mortgage Loan ID#1000015558	4.88%		NY		66,257		52,283
Mortgage Loan ID#1000029266	8.00%		FL		269,157		52,277
Mortgage Loan ID#1000029277	4.63%		IN		84,723		52,219
Mortgage Loan ID#1000026712	8.40%		TX		72,575		52,196
Mortgage Loan ID#1000036109	6.74%		NY		80,087		52,072
Mortgage Loan ID#1000035573	4.13%		FL		152,874		51,969
Mortgage Loan ID#1000001546	4.88%		NC		97,956		51,478
Mortgage Loan ID#1000017525	5.07%		MD		149,038		51,405
Mortgage Loan ID#1000026638	7.88%		TX		57,895		51,287
Mortgage Loan ID#1000027625	4.88%		WI		170,894		50,708
Mortgage Loan ID#1000044092	6.99%		PA		70,153		50,629
Mortgage Loan ID#1000043995	2.00%		IL		307,220		50,234
Mortgage Loan ID#1000028943	2.00%		FL		296,806		49,858
Mortgage Loan ID#1000034931	6.38%		PA		89,323		49,662
Mortgage Loan ID#1000029282	8.63%		CT		150,075		49,423
Mortgage Loan ID#1000043710	7.25%		PA		136,830		49,326
Mortgage Loan ID#7000003524	4.75%		CA		167,607		49,312
Mortgage Loan ID#1000029172	6.39%		FL		110,376		49,285
Mortgage Loan ID#1000043768	4.88%		MD		95,043		49,257
Mortgage Loan ID#1000029349	10.63%		FL		289,230		49,189
Mortgage Loan ID#1000001774	8.75%		NY		64,688		49,032
Mortgage Loan ID#1000028406	7.50%		NY		90,270		49,020
Mortgage Loan ID#1000015963	2.63%		FL		166,400		48,863
Mortgage Loan ID#1000015651	8.70%		TX		64,591		48,608
Mortgage Loan ID#1000025925	5.36%		NY		85,175		48,027
Mortgage Loan ID#1000027348	5.15%		KY		82,564		47,557
Mortgage Loan ID#1000043656	6.50%		DC		228,791		47,550
Mortgage Loan ID#1000043985	8.60%		IL		105,039		47,360
Mortgage Loan ID#1000015599	5.03%		PA		85,273		47,312
Mortgage Loan ID#1000028144	8.74%		IL		89,432		47,236
Mortgage Loan ID#1000003826	2.63%		MD		56,485		47,186
Mortgage Loan ID#1000035207	2.00%		NJ		59,729		47,014
Mortgage Loan ID#1000044291	3.25%		TN		93,668		46,847
Mortgage Loan ID#1000043577	6.63%		FL		142,999		46,744
Mortgage Loan ID#1000017526	2.00%		IA		91,758		46,628
Mortgage Loan ID#1000025935	4.13%		PA		210,750		46,460
Mortgage Loan ID#1000001018	8.25%		AZ		104,818		46,408
Mortgage Loan ID#1000029170	2.00%		PA		146,402		46,239
Mortgage Loan ID#1000015564	8.00%		MS		46,640		46,193
Mortgage Loan ID#1000016867	4.91%		NY		113,903		46,078
Mortgage Loan ID#1000027126	3.75%		IL		158,133		46,066
Mortgage Loan ID#1000034867	4.00%		WI		71,351		45,898
Mortgage Loan ID#1000003679	4.88%		MI		151,995		45,805
Mortgage Loan ID#1000043727	6.20%		IN		109,192		45,551
Mortgage Loan ID#1000016382	6.24%		FL		55,738		45,516
Mortgage Loan ID#1000034755	5.25%		OR		53,656		45,407
Mortgage Loan ID#1000038580	6.75%		CO		96,436		45,349
Mortgage Loan ID#1000017418	3.75%		FL		211,982		45,174
Mortgage Loan ID#1000014995	2.88%		CT		48,843		45,174
Mortgage Loan ID#1000026763	11.75%		NY		52,577		45,031
Mortgage Loan ID#1000044196	7.99%		MD		148,017		44,642
Mortgage Loan ID#1000003627	3.00%		WI		157,221		43,901
Mortgage Loan ID#1000043682	2.00%		IL		110,583		43,818
Mortgage Loan ID#1000015637	5.03%		AL		106,848		43,685
Mortgage Loan ID#1000017233	8.00%		TN		43,315		43,682
Mortgage Loan ID#1000028367	7.52%		LA		42,637		43,598
Mortgage Loan ID#1000035030	7.00%		FL		173,095		43,494
Mortgage Loan ID#1000001308	8.38%		NJ		160,615		43,361
Mortgage Loan ID#1000038414	5.00%		FL		110,871		43,224
Mortgage Loan ID#1000025927	2.61%		ID		63,905		42,785
Mortgage Loan ID#1000027656	6.00%		AZ		��      104,245		42,722
Mortgage Loan ID#1000043664	7.00%		WI		147,972		42,511
Mortgage Loan ID#1000034979	3.13%		IL		198,848		42,324
Mortgage Loan ID#1000016883	8.40%		NJ		151,309		41,914
Mortgage Loan ID#1000043557	3.38%		NY		44,528		41,523
Mortgage Loan ID#1000029308	5.88%		MI		60,211		41,433
Mortgage Loan ID#1000001834	8.75%		NV		169,526		41,430
Mortgage Loan ID#1000028413	4.88%		TX		72,633		41,342
Mortgage Loan ID#1000015268	4.85%		FL		159,583		41,059
Mortgage Loan ID#1000025991	2.00%		NM		149,410		41,019
Mortgage Loan ID#1000000754	2.63%		FL		87,000		40,866
Mortgage Loan ID#1000015906	8.00%		TX		54,921		40,553
Mortgage Loan ID#1000029182	5.98%		FL		193,513		40,423
Mortgage Loan ID#1000043371	9.00%		OH		74,472		40,383
Mortgage Loan ID#1000016005	4.13%		FL		73,446		40,225
Mortgage Loan ID#1000044266	8.95%		NY		57,785		40,000
Mortgage Loan ID#1000044075	11.99%		PA		63,061		39,791
Mortgage Loan ID#1000027992	3.13%		IL		79,937		39,755
Mortgage Loan ID#1000028377	9.13%		IN		49,312		39,672
Mortgage Loan ID#1000017252	7.00%		NY		55,163		39,583
Mortgage Loan ID#1000027318	7.75%		OH		67,572		39,386
Mortgage Loan ID#1000025922	4.13%		OK		62,518		39,213
Mortgage Loan ID#1000027252	4.50%		WI		127,488		39,186
Mortgage Loan ID#7000044223	4.25%		CA		187,360		39,159
Mortgage Loan ID#1000026730	7.83%		FL		96,832		38,040
Mortgage Loan ID#1000015277	4.88%		MD		96,247		37,974
Mortgage Loan ID#1000029401	9.25%		OH		89,792		37,864
Mortgage Loan ID#1000044201	2.00%		IL		175,641		37,840
Mortgage Loan ID#1000029391	7.61%		FL		242,367		37,567
Mortgage Loan ID#1000000641	8.00%		TX		49,717		37,518
Mortgage Loan ID#1000026461	8.60%		TX		55,070		37,422
Mortgage Loan ID#1000025919	2.00%		OH		47,400		37,416
Mortgage Loan ID#1000015553	10.99%		NY		44,036		37,260
Mortgage Loan ID#1000043847	8.95%		UT		47,958		37,176
Mortgage Loan ID#1000044246	7.25%		TX		95,747		36,996
Mortgage Loan ID#1000029244	6.47%		TX		56,664		36,934
Mortgage Loan ID#1000044088	8.35%		AR		62,174		36,900
Mortgage Loan ID#1000025947	6.50%		KS		69,018		36,547
Mortgage Loan ID#1000027952	4.88%		IN		139,213		36,465
Mortgage Loan ID#1000003504	5.00%		AR		87,126		36,439
Mortgage Loan ID#1000026986	7.75%		AL		140,920		36,428
Mortgage Loan ID#1000029211	6.47%		PA		64,566		35,796
Mortgage Loan ID#1000029385	8.50%		FL		178,830		35,753
Mortgage Loan ID#1000027308	7.56%		ID		80,863		35,731
Mortgage Loan ID#1000028966	4.38%		ME		134,044		35,412
Mortgage Loan ID#1000034873	7.38%		NJ		63,813		35,081
Mortgage Loan ID#1000027343	5.25%		WI		149,254		35,036
Mortgage Loan ID#1000025926	7.00%		TX		35,708		34,962
Mortgage Loan ID#1000017142	3.52%		NY		42,139		34,804
Mortgage Loan ID#1000029247	2.00%		TX		60,959		34,563
Mortgage Loan ID#1000029105	3.88%		OH		130,442		34,380
Mortgage Loan ID#1000043466	6.64%		FL		127,311		34,177
Mortgage Loan ID#1000015573	4.25%		NC		87,187		33,935
Mortgage Loan ID#1000000749	2.63%		FL		42,460		33,177
Mortgage Loan ID#1000028449	12.49%		AL		40,992		33,080
Mortgage Loan ID#1000027358	7.80%		IL		118,881		32,923
Mortgage Loan ID#1000026506	8.60%		FL		112,583		32,511
Mortgage Loan ID#1000027607	7.13%		IL		107,449		32,198
Mortgage Loan ID#1000001759	6.38%		OK		41,788		32,094
Mortgage Loan ID#1000036019	8.75%		SC		32,525		32,045
Mortgage Loan ID#1000028866	8.75%		OH		57,066		31,993
Mortgage Loan ID#1000001685	4.00%		IN		51,348		31,892
Mortgage Loan ID#1000025995	4.13%		AL		78,645		31,813
Mortgage Loan ID#1000001753	8.38%		NY		37,504		31,779
Mortgage Loan ID#1000026128	5.88%		IN		79,168		31,556
Mortgage Loan ID#1002229033	9.38%		NC		77,510		31,370
Mortgage Loan ID#1000001853	4.00%		FL		121,089		31,263
Mortgage Loan ID#1000034970	8.00%		IL		106,716		31,237
Mortgage Loan ID#1000015276	6.93%		PA		130,108		31,232
Mortgage Loan ID#1000001523	9.00%		NY		99,551		31,088
Mortgage Loan ID#1000026187	4.50%		PA		110,706		31,062
Mortgage Loan ID#1000016645	3.38%		FL		35,023		31,044
Mortgage Loan ID#1000000380	12.50%		MO		29,701		30,804
Mortgage Loan ID#1000015867	7.63%		OH		70,489		30,553
Mortgage Loan ID#1000015907	7.50%		TX		42,376		30,399
Mortgage Loan ID#1000034971	8.00%		IL		113,118		30,258
Mortgage Loan ID#1000044098	6.00%		MI		227,176		30,214
Mortgage Loan ID#1000026200	2.00%		MA		226,132		30,208
Mortgage Loan ID#1000001795	5.00%		VA		81,688		30,118
Mortgage Loan ID#1000001762	6.63%		OK		38,658		29,449
Mortgage Loan ID#1000026052	2.00%		CA		204,904		29,271
Mortgage Loan ID#1000027130	4.00%		LA		101,175		29,000
Mortgage Loan ID#1000003936	4.88%		WI		84,536		28,675
Mortgage Loan ID#1000028485	8.19%		IL		132,559		28,399
Mortgage Loan ID#7000000337	5.00%		NM		106,000		28,090
Mortgage Loan ID#1000001968	5.00%		IL		134,322		27,825
Mortgage Loan ID#1000000890	5.13%		PA		89,287		27,132
Mortgage Loan ID#7000030265	4.88%		OR		81,157		26,997
Mortgage Loan ID#7000036752	5.50%		MN		67,659		26,956
Mortgage Loan ID#1000003396	6.00%		CA		62,966		25,846
Mortgage Loan ID#1000026055	2.60%		FL		183,162		25,674
Mortgage Loan ID#1000028161	4.00%		IL		209,623		25,588
Mortgage Loan ID#1000027169	8.75%		NJ		90,920		25,337
Mortgage Loan ID#1000000666	2.63%		IN		49,619		24,951
Mortgage Loan ID#1000043745	3.38%		NJ		29,972		24,741
Mortgage Loan ID#1000003366	10.75%		NY		24,638		24,638
Mortgage Loan ID#1000044257	7.49%		PA		107,207		24,289
Mortgage Loan ID#1000029208	8.38%		FL		124,578		24,204
Mortgage Loan ID#1000043439	8.99%		IN		66,606		24,163
Mortgage Loan ID#1000036023	6.65%		OH		87,926		23,753
Mortgage Loan ID#1000029039	3.88%		PA		79,599		23,706
Mortgage Loan ID#1000003417	1.00%		NY		115,430		23,586
Mortgage Loan ID#1000001756	3.00%		NY		59,417		22,958
Mortgage Loan ID#1000029236	10.90%		FL		143,295		22,427
Mortgage Loan ID#7000018838	6.75%		MD		53,707		22,176
Mortgage Loan ID#1000002907	2.00%		FL		128,512		21,786
Mortgage Loan ID#1000016696	6.54%		NY		24,092		21,618
Mortgage Loan ID#1000016586	3.00%		CT		28,517		21,218
Mortgage Loan ID#1000035248	3.24%		PA		23,043		20,987
Mortgage Loan ID#1000001752	8.50%		IN		52,351		20,810
Mortgage Loan ID#1000000751	8.75%		FL		132,000		20,636
Mortgage Loan ID#1000003601	7.00%		MD		185,250		20,574
Mortgage Loan ID#1000025920	5.00%		MI		53,424		20,054
Mortgage Loan ID#1000003201	5.38%		RI		60,122		19,726
Mortgage Loan ID#7000029095	5.00%		CA		45,135		19,578
Mortgage Loan ID#1000002521	14.13%		TX		75,021		19,450
Mortgage Loan ID#7000000228	2.63%		CA		93,318		19,409
Mortgage Loan ID#1000001017	8.00%		NY		21,101		19,400
Mortgage Loan ID#1000000389	4.13%		OH		49,981		19,333
Mortgage Loan ID#1000003265	12.75%		TX		48,334		19,103
Mortgage Loan ID#1000003418	2.00%		NY		103,994		19,066
Mortgage Loan ID#1000043430	11.25%		NJ		22,571		19,063
Mortgage Loan ID#1000003352	10.00%		LA		75,338		18,703
Mortgage Loan ID#1000001724	7.88%		NY		35,451		18,595
Mortgage Loan ID#7000034626	4.88%		CA		46,206		18,591
Mortgage Loan ID#1000003336	3.00%		NJ		74,067		17,701
Mortgage Loan ID#1000043793	8.50%		NY		23,683		17,631
Mortgage Loan ID#1000029006	5.46%		NJ		95,825		17,402
Mortgage Loan ID#1000003372	2.00%		VA		74,770		17,062
Mortgage Loan ID#7000020155	5.50%		CA		26,792		17,042
Mortgage Loan ID#1000003266	10.63%		NC		44,512		16,825
Mortgage Loan ID#1000000747	9.50%		FL		140,000		16,478
Mortgage Loan ID#7000000429	5.00%		CA		52,413		16,428
Mortgage Loan ID#1000002467	6.75%		AZ		60,174		16,122
Mortgage Loan ID#1000029399	2.00%		MD		122,918		16,053
Mortgage Loan ID#1000002951	3.00%		NY		131,316		15,934
Mortgage Loan ID#1000003269	8.63%		AZ		49,609		15,516
Mortgage Loan ID#1000002473	6.75%		AZ		56,142		15,487
Mortgage Loan ID#1000029291	2.00%		FL		115,599		15,471
Mortgage Loan ID#1000003365	4.80%		NJ		76,460		15,365
Mortgage Loan ID#1000029417	7.94%		FL		173,000		15,270
Mortgage Loan ID#7000003226	3.00%		CA		83,751		15,239
Mortgage Loan ID#1000001120	7.50%		NY		47,436		15,009
Mortgage Loan ID#1000002466	7.00%		AZ		43,190		14,768
Mortgage Loan ID#1000003757	12.50%		MD		47,631		14,758
Mortgage Loan ID#1000017143	3.25%		CA		15,666		14,616
Mortgage Loan ID#7000004803	2.50%		CA		80,392		14,578
Mortgage Loan ID#1000017458	4.86%		VA		140,913		14,471
Mortgage Loan ID#1000003386	10.38%		FL		66,180		14,223
Mortgage Loan ID#1000025928	7.00%		MI		44,102		14,105
Mortgage Loan ID#1000015841	4.38%		MO		59,733		14,094
Mortgage Loan ID#1000003284	10.50%		NC		50,861		13,866
Mortgage Loan ID#1000028970	8.15%		WV		232,964		13,852
Mortgage Loan ID#1000026584	8.75%		FL		89,008		13,780
Mortgage Loan ID#1000003288	6.13%		NY		50,021		13,525
Mortgage Loan ID#1000034766	7.25%		NJ		58,017		13,378
Mortgage Loan ID#1000003409	2.00%		NY		103,168		12,774
Mortgage Loan ID#1000003215	12.50%		TX		19,169		12,700
Mortgage Loan ID#1000003249	11.63%		CO		29,344		12,698
Mortgage Loan ID#1000002985	10.88%		CA		53,837		12,659
Mortgage Loan ID#1000003379	5.50%		IL		81,076		12,630
Mortgage Loan ID#1000038398	7.25%		NJ		41,087		12,357
Mortgage Loan ID#5000003989	0.00%		NV		24,074		11,991
Mortgage Loan ID#7000027645	5.00%		CA		21,560		11,975
Mortgage Loan ID#1000003048	3.75%		NY		42,661		11,853
Mortgage Loan ID#1000043461	2.00%		AL		13,725		11,701
Mortgage Loan ID#1000003380	3.23%		CA		82,717		11,603
Mortgage Loan ID#1000003793	10.75%		MI		43,519		11,573
Mortgage Loan ID#1000003375	6.00%		CA		64,665		11,386
Mortgage Loan ID#1000043210	9.00%		VA		88,963		11,385
Mortgage Loan ID#1000003131	4.00%		NV		17,811		11,383
Mortgage Loan ID#1000001766	7.63%		NY		38,544		11,268
Mortgage Loan ID#1000003393	2.00%		VA		82,642		11,216
Mortgage Loan ID#1000003295	10.75%		IL		40,750		11,200
Mortgage Loan ID#1000003330	10.88%		NY		62,493		10,941
Mortgage Loan ID#1000003298	10.50%		TX		36,148		10,707
Mortgage Loan ID#1000002455	5.64%		AZ		64,279		10,705
Mortgage Loan ID#1000034925	2.00%		FL		247,505		10,389
Mortgage Loan ID#1000002461	9.00%		NV		36,352		10,314
Mortgage Loan ID#1000003006	6.38%		NY		31,939		10,209
Mortgage Loan ID#1000017272	3.00%		NY		10,802		10,011
Mortgage Loan ID#1000003373	7.41%		NY		63,145		9,944
Mortgage Loan ID#1000015928	10.25%		GA		9,305		9,770
Mortgage Loan ID#1000003425	6.15%		CA		62,016		9,647
Mortgage Loan ID#1000002468	7.25%		AZ		20,925		9,475
Mortgage Loan ID#1000003338	9.13%		NY		69,815		9,126
Mortgage Loan ID#1000000363	11.63%		NY		44,083		8,608
Mortgage Loan ID#1000029287	2.00%		FL		233,217		8,599
Mortgage Loan ID#1000003808	9.50%		NH		34,784		8,522
Mortgage Loan ID#1000003029	8.25%		FL		34,956		8,458
Mortgage Loan ID#1000002439	5.50%		AZ		66,378		8,360
Mortgage Loan ID#1000003331	9.25%		IL		37,660		8,294
Mortgage Loan ID#7000001895	5.25%		CA		24,588		8,208
Mortgage Loan ID#1000003980	5.38%		CT		32,193		8,184
Mortgage Loan ID#1000002434	8.00%		AZ		27,701		8,072
Mortgage Loan ID#1000003819	6.00%		GA		84,440		7,976
Mortgage Loan ID#1000003186	13.63%		VA		17,911		7,905
Mortgage Loan ID#1000025933	7.00%		AL		53,151		7,865
Mortgage Loan ID#1000043353	9.64%		OH		107,055		7,720
Mortgage Loan ID#1000002431	10.50%		AZ		23,921		7,717
Mortgage Loan ID#1000027712	7.75%		TX		8,373		7,668
Mortgage Loan ID#7000036678	5.00%		FL		19,421		7,570
Mortgage Loan ID#1000003961	3.81%		NJ		31,151		7,546
Mortgage Loan ID#7000057184	4.50%		AZ		19,461		7,527
Mortgage Loan ID#1000002238	2.00%		FL		144,952		7,429
Mortgage Loan ID#7000000222	2.75%		MO		32,678		7,402
Mortgage Loan ID#7000021621	5.50%		CA		12,878		7,327
Mortgage Loan ID#1000003212	13.25%		PA		29,602		7,221
Mortgage Loan ID#1000003216	4.36%		CO		45,778		7,190
Mortgage Loan ID#1000002475	7.25%		AZ		25,522		7,153
Mortgage Loan ID#1000003274	7.45%		NV		38,122		7,131
Mortgage Loan ID#1000003155	10.63%		FL		41,968		7,102
Mortgage Loan ID#1000003591	8.13%		GA		20,885		7,102
Mortgage Loan ID#1000029342	2.00%		IA		68,039		7,098
Mortgage Loan ID#1000003236	5.50%		TX		56,105		7,010
Mortgage Loan ID#1000002452	5.99%		AZ		23,451		6,966
Mortgage Loan ID#1000002442	7.50%		AZ		23,203		6,946
Mortgage Loan ID#7000016846	5.38%		FL		15,103		6,899
Mortgage Loan ID#1000003329	6.93%		VA		29,649		6,807
Mortgage Loan ID#1000002474	7.25%		AZ		24,731		6,777
Mortgage Loan ID#1000003794	11.25%		WI		44,622		6,579
Mortgage Loan ID#1000003277	5.50%		NV		49,508		6,560
Mortgage Loan ID#1000003313	8.19%		NJ		48,006		6,525
Mortgage Loan ID#1000002453	7.50%		AZ		22,473		6,498
Mortgage Loan ID#1000003042	9.63%		VA		64,843		6,369
Mortgage Loan ID#1000003077	13.25%		NM		20,398		6,335
Mortgage Loan ID#1000003203	9.50%		VA		23,924		6,168
Mortgage Loan ID#1000003044	12.38%		FL		34,731		6,107
Mortgage Loan ID#1000003227	6.00%		OR		27,211		6,049
Mortgage Loan ID#1000028818	2.00%		WI		197,272		6,040
Mortgage Loan ID#1000003106	9.38%		TX		19,576		6,037
Mortgage Loan ID#1000003224	8.75%		PA		23,537		6,037
Mortgage Loan ID#1000002445	8.50%		AZ		19,591		5,809
Mortgage Loan ID#1000003956	8.50%		AL		52,170		5,796
Mortgage Loan ID#1000003011	3.00%		CA		42,112		5,709
Mortgage Loan ID#1000002997	5.13%		NY		55,897		5,702
Mortgage Loan ID#1000002462	7.00%		AZ		19,706		5,662
Mortgage Loan ID#1000003314	10.25%		UT		42,731		5,661
Mortgage Loan ID#6000000582	1.00%		NY		60,461		5,635
Mortgage Loan ID#7000001886	5.25%		FL		20,980		5,632
Mortgage Loan ID#1000003007	6.58%		NJ		29,637		5,616
Mortgage Loan ID#7000016879	5.38%		CA		12,233		5,554
Mortgage Loan ID#1000002239	3.00%		FL		141,470		5,537
Mortgage Loan ID#7000032686	0.50%		VA		48,616		5,457
Mortgage Loan ID#1000003789	12.63%		WI		25,321		5,446
Mortgage Loan ID#1000002459	6.01%		AZ		18,051		5,414
Mortgage Loan ID#1000002426	8.50%		AZ		19,299		5,275
Mortgage Loan ID#1000003430	1.00%		VA		68,396		5,206
Mortgage Loan ID#1000003280	1.00%		AZ		66,698		5,077
Mortgage Loan ID#7000014197	5.25%		FL		17,305		5,073
Mortgage Loan ID#1000003003	9.63%		IL		21,019		5,032
Mortgage Loan ID#7000037380	3.38%		DE		15,952		5,015
Mortgage Loan ID#1000003200	5.65%		FL		40,508		4,997
Mortgage Loan ID#1000002425	8.75%		AZ		9,191		4,973
Mortgage Loan ID#1000002427	7.01%		AZ		28,320		4,911
Mortgage Loan ID#7000044724	4.50%		IL		15,771		4,853
Mortgage Loan ID#7000106608	5.00%		CA		13,772		4,757
Mortgage Loan ID#1000003407	2.00%		CA		59,517		4,589
Mortgage Loan ID#1000003303	9.63%		VA		18,868		4,551
Mortgage Loan ID#1000002983	4.82%		AZ		33,937		4,491
Mortgage Loan ID#1000003104	13.38%		OH		22,669		4,435
Mortgage Loan ID#7000029305	5.00%		PA		12,325		4,390
Mortgage Loan ID#7000034325	5.00%		AL		11,570		4,043
Mortgage Loan ID#1000003151	13.75%		MN		30,337		3,941
Mortgage Loan ID#7000040113	5.50%		FL		10,589		3,753
Mortgage Loan ID#7000049512	5.00%		FL		9,407		3,713
Mortgage Loan ID#1000003065	2.00%		PA		33,735		3,510
Mortgage Loan ID#1000003983	4.75%		CT		12,164		3,473
Mortgage Loan ID#1000003272	2.38%		AZ		41,306		3,461
Mortgage Loan ID#1000003189	1.00%		FL		42,034		3,396
Mortgage Loan ID#7000056207	5.13%		AZ		8,555		3,380
Mortgage Loan ID#1000003775	10.00%		MI		12,942		3,276
Mortgage Loan ID#1000002998	2.00%		OH		74,264		3,261
Mortgage Loan ID#1000003146	12.13%		NC		14,350		3,255
Mortgage Loan ID#1000003802	11.50%		MA		57,856		3,229
Mortgage Loan ID#1000000614	6.00%		IN		10,394		3,184
Mortgage Loan ID#7000144524	4.00%		NV		16,688		3,137
Mortgage Loan ID#1000003217	5.50%		NV		23,755		3,076
Mortgage Loan ID#1000002972	12.88%		PA		19,210		2,954
Mortgage Loan ID#1000003102	13.00%		NY		13,748		2,908
Mortgage Loan ID#1000003347	1.00%		NY		53,970		2,813
Mortgage Loan ID#7000227562	4.00%		CA		14,032		2,787
Mortgage Loan ID#1000003268	7.38%		FL		9,209		2,713
Mortgage Loan ID#7000098633	4.50%		FL		9,059		2,659
Mortgage Loan ID#1000003218	4.00%		VA		51,770		2,637
Mortgage Loan ID#1000003073	8.00%		NV		9,340		2,636
Mortgage Loan ID#7000037510	5.00%		CT		4,861		2,631
Mortgage Loan ID#1000003067	1.00%		UT		50,264		2,508
Mortgage Loan ID#5000004012	0.00%		FL		181,917		2,498
Mortgage Loan ID#7000036539	4.88%		IL		7,130		2,482
Mortgage Loan ID#7000242451	3.75%		FL		12,213		2,431
Mortgage Loan ID#1000002569	3.00%		FL		64,913		2,337
Mortgage Loan ID#7000001222	5.00%		TX		11,259		2,199
Mortgage Loan ID#7000036523	6.00%		IL		4,561		2,146
Mortgage Loan ID#1000003392	1.00%		NY		40,918		2,112
Mortgage Loan ID#1000003420	1.00%		NY		100,942		2,099
Mortgage Loan ID#7000275218	4.00%		IN		12,300		2,014
Mortgage Loan ID#1000003318	3.00%		CA		47,183		1,894
Mortgage Loan ID#1000003090	11.63%		TX		7,676		1,844
Mortgage Loan ID#1000003255	12.13%		MN		7,328		1,834
Mortgage Loan ID#7000032678	4.00%		OH		5,214		1,766
Mortgage Loan ID#1000014999	10.63%		PA		1,804		1,740
Mortgage Loan ID#1000003981	1.00%		NY		37,340		1,610
Mortgage Loan ID#7000362626	3.00%		FL		10,143		1,592
Mortgage Loan ID#1000003767	2.00%		TN		17,711		1,535
Mortgage Loan ID#1000003059	1.00%		AZ		19,417		1,503
Mortgage Loan ID#1000003246	10.75%		NJ		47,000		1,503
Mortgage Loan ID#7000314799	5.00%		OH		5,136		1,433
Mortgage Loan ID#1000003115	1.00%		NJ		28,896		1,359
Mortgage Loan ID#1000003149	12.88%		MO		9,016		1,066
Mortgage Loan ID#7000033764	5.00%		IL		14,242		1,020
Mortgage Loan ID#1000003356	1.00%		NY		85,000		964
Mortgage Loan ID#1000002992	9.88%		WY		8,953		924
Mortgage Loan ID#7000004323	2.00%		FL		123,473		832
Mortgage Loan ID#1000003378	1.00%		CA		115,395		730
Mortgage Loan ID#1000002987	10.13%		CA		60,993		647
Mortgage Loan ID#1000002531	1.00%		NY		54,090		623
Mortgage Loan ID#1000003273	3.00%		IL		8,308		609
Mortgage Loan ID#1000003815	1.00%		MD		20,472		529
Mortgage Loan ID#1000003807	1.00%		MD		25,088		519
Mortgage Loan ID#5000004002	0.00%		CA		380		373
Mortgage Loan ID#1000003220	1.00%		IL		40,163		145
Mortgage Loan ID#1000003768	6.88%		TN		17,422		87
Mortgage Loan ID#5000004010	0.00%		VA		500		-
Mortgage Loan ID#5000003997	0.00%		ID		1,610		-
Mortgage Loan ID#5000004011	0.00%		IN		3,000		-
Mortgage Loan ID#5000003985	0.00%		ME		4,375		-
Mortgage Loan ID#7000030263	5.00%		WI		5,456		-
Mortgage Loan ID#5000004018	0.00%		FL		5,250		-
Mortgage Loan ID#7000063645	5.00%		VA		11,882		-
Mortgage Loan ID#5000004007	0.00%		CA		9,400		-
Mortgage Loan ID#7000038883	5.00%		MI		18,672		-
Mortgage Loan ID#1000015919	4.50%		FL		305,112		-
Mortgage Loan ID#1000043822	2.88%		CO		9,987		-
Mortgage Loan ID#1000043918	9.15%		IN		611		-
Mortgage Loan ID#1000025930	2.00%		MS		40,865		-
Mortgage Loan ID#1000025950	4.63%		IL		114,233		-
Mortgage Loan ID#7000026184	5.00%		TN		12,619		-
Mortgage Loan ID#5000004021	0.00%		TX		24,167		-
Mortgage Loan ID#1000000581	5.50%		WA		49,291		-
Mortgage Loan ID#1000028827	5.38%		IL		302,123		-
Mortgage Loan ID#7000035642	5.00%		CO		20,576		-
Mortgage Loan ID#7000038874	6.00%		OH		12,294		-
Mortgage Loan ID#1000001468	0.00%		NY		10,000		-
Mortgage Loan ID#1000003049	10.13%		CA		36,216		-
Mortgage Loan ID#1000002538	2.00%		NY		93,439		-
Mortgage Loan ID#1000003019	1.00%		FL		32,714		-
Mortgage Loan ID#1000002406	10.25%		IL		49,062		-
Mortgage Loan ID#1000002422	10.25%		AZ		13,386		-
Mortgage Loan ID#1000002432	9.75%		AZ		21,065		-
Mortgage Loan ID#1000002519	13.38%		NJ		85,620		-
Mortgage Loan ID#1000002526	9.50%		NJ		50,000		-
Mortgage Loan ID#1000002533	12.75%		NY		179,088		-
Mortgage Loan ID#1000002553	1.00%		NV		46,768		-
Mortgage Loan ID#1000002567	11.50%		VA		58,649		-
Mortgage Loan ID#1000002582	12.75%		NY		103,510		-
Mortgage Loan ID#1000002594	12.25%		IL		13,368		-
Mortgage Loan ID#1000002649	13.00%		FL		40,803		-
Mortgage Loan ID#1000002680	13.75%		UT		69,665		-
Mortgage Loan ID#1000002681	14.00%		FL		67,464		-
Mortgage Loan ID#1000002726	13.50%		FL		41,392		-
Mortgage Loan ID#1000002758	11.00%		FL		25,933		-
Mortgage Loan ID#1000002768	11.38%		AZ		21,809		-
Mortgage Loan ID#1000002770	12.25%		FL		39,977		-
Mortgage Loan ID#1000002771	11.88%		FL		19,696		-
Mortgage Loan ID#1000002784	12.63%		FL		83,881		-
Mortgage Loan ID#1000002785	14.25%		FL		28,347		-
Mortgage Loan ID#1000002791	11.38%		FL		41,930		-
Mortgage Loan ID#1000002796	11.25%		IL		48,863		-
Mortgage Loan ID#1000002797	12.75%		FL		30,544		-
Mortgage Loan ID#1000002803	10.88%		IL		55,217		-
Mortgage Loan ID#1000002835	10.50%		NJ		58,382		-
Mortgage Loan ID#1000002848	14.25%		NJ		75,905		-
Mortgage Loan ID#1000002855	11.50%		NJ		86,000		-
Mortgage Loan ID#1000002859	11.50%		NY		68,741		-
Mortgage Loan ID#1000002874	12.50%		NY		86,796		-
Mortgage Loan ID#1000002888	14.25%		FL		87,689		-
Mortgage Loan ID#1000002919	12.25%		NY		108,421		-
Mortgage Loan ID#1000002928	12.63%		FL		141,000		-
Mortgage Loan ID#1000002931	11.63%		NY		111,295		-
Mortgage Loan ID#1000002934	11.75%		CA		63,761		-
Mortgage Loan ID#1000002970	9.63%		CA		55,487		-
Mortgage Loan ID#1000002978	9.38%		FL		22,588		-
Mortgage Loan ID#1000002981	10.50%		OH		22,827		-
Mortgage Loan ID#1000002996	11.75%		FL		82,677		-
Mortgage Loan ID#1000003027	10.50%		FL		50,213		-
Mortgage Loan ID#1000003123	14.00%		NV		18,914		-
Mortgage Loan ID#1000003147	3.00%		FL		45,801		-
Mortgage Loan ID#1000003206	10.63%		RI		63,455		-
Mortgage Loan ID#1000003253	10.25%		NJ		28,508		-
Mortgage Loan ID#1000003262	6.25%		VA		47,636		-
Mortgage Loan ID#1000003278	7.21%		NY		68,888		-
Mortgage Loan ID#1000003334	6.50%		CA		88,322		-
Mortgage Loan ID#1000003351	2.00%		NY		43,085		-
Mortgage Loan ID#1000003693	9.63%		GA		36,042		-
Mortgage Loan ID#1000003727	12.50%		MA		29,062		-
Mortgage Loan ID#1000003741	12.38%		GA		62,331		-
Mortgage Loan ID#1000003752	1.00%		MD		83,404		-
Mortgage Loan ID#1000003753	12.50%		MI		99,974		-
Mortgage Loan ID#1000003760	9.50%		MA		42,788		-
Mortgage Loan ID#1000003776	11.63%		WI		17,852		-
Mortgage Loan ID#1000003783	6.00%		AR		12,887		-
Mortgage Loan ID#1000003792	13.00%		MI		51,564		-
Mortgage Loan ID#1000003363	2.00%		NY		56,872		-
Mortgage Loan ID#1000003094	7.30%		TX		20,687		-
Mortgage Loan ID#1000003088	8.90%		TX		13,156		-
Mortgage Loan ID#1000003317	6.50%		NJ		56,266		-
Mortgage Loan ID#1000003096	11.25%		TX		11,653		-
Mortgage Loan ID#1000003068	9.01%		FL		18,958		-
Mortgage Loan ID#5000003993	0.00%		OH		500		-
Mortgage Loan ID#1000003092	12.13%		PA		6,657		-
Mortgage Loan ID#1000003207	1.00%		WA		39,095		-
Mortgage Loan ID#1000003387	5.50%		NY		63,378		-
Mortgage Loan ID#1000002530	6.00%		PA		63,818		-
Mortgage Loan ID#1000002737	2.00%		TX		19,787		-
Mortgage Loan ID#1000003362	2.00%		NJ		25,610		-
Mortgage Loan ID#1000003226	5.50%		FL		24,637		-
Mortgage Loan ID#1000002527	2.00%		NJ		20,463		-
Mortgage Loan ID#1000002435	5.18%		AZ		26,991		-
Mortgage Loan ID#1000002513	8.37%		NJ		75,425		-
Mortgage Loan ID#1000003219	11.38%		FL		43,957		-
Mortgage Loan ID#1000003000	1.00%		AZ		57,903		-
Mortgage Loan ID#1000003299	5.50%		DC		73,007		-
Mortgage Loan ID#1000003381	11.13%		NY		29,621		-
Mortgage Loan ID#1000003291	5.50%		NY		56,869		-
Mortgage Loan ID#1000003208	8.84%		PA		45,291		-
Mortgage Loan ID#1000003071	4.71%		FL		25,139		-
Mortgage Loan ID#1000002619	2.00%		FL		19,395		-
Mortgage Loan ID#1000002723	6.00%		AZ		34,945		-
Mortgage Loan ID#1000003309	10.88%		NY		30,119		-
Mortgage Loan ID#1000003801	2.00%		MD		32,712		-
Mortgage Loan ID#1000003248	5.50%		NV		30,833		-
Mortgage Loan ID#1000002904	6.00%		NY		48,338		-
Mortgage Loan ID#1000002524	2.00%		NY		83,354		-
Mortgage Loan ID#1000002571	2.00%		NJ		85,612		-
Mortgage Loan ID#1000003204	4.40%	��	FL		55,923		-
Mortgage Loan ID#1000003805	9.75%		GA		33,754		-
Mortgage Loan ID#1000003145	2.00%		FL		41,635		-
Mortgage Loan ID#1000002564	5.68%		FL		49,498		-
Mortgage Loan ID#1000003101	5.50%		FL		50,730		-
Mortgage Loan ID#1000003816	12.00%		GA		38,482		-
Mortgage Loan ID#1000003424	1.00%		CA		109,605		-
Mortgage Loan ID#1000003229	1.00%		PA		35,784		-
Mortgage Loan ID#1000002534	2.00%		NJ		108,500		-
Mortgage Loan ID#1000003308	11.63%		FL		73,798		-
Mortgage Loan ID#1000003164	12.50%		FL		51,085		-
Mortgage Loan ID#1000003111	9.88%		AZ		36,273		-
Mortgage Loan ID#1000003243	1.00%		CA		63,487		-
Mortgage Loan ID#1000002528	2.00%		NJ		132,028		-
Mortgage Loan ID#1000003413	2.60%		NY		64,170		-
Mortgage Loan ID#1000003357	3.00%		CA		76,518		-
Mortgage Loan ID#1000003192	2.00%		CA		39,923		-
Mortgage Loan ID#1000002905	3.00%		MN		78,572		-
Mortgage Loan ID#1000003179	9.50%		AZ		30,304		-
Mortgage Loan ID#1000003395	10.50%		NY		81,055		-
Mortgage Loan ID#1000003213	10.25%		TX		43,985		-
Mortgage Loan ID#1000003388	11.00%		NJ		71,597		-
Mortgage Loan ID#1000002517	1.00%		DC		29,170		-
Mortgage Loan ID#1000003348	3.00%		NJ		58,809		-
Mortgage Loan ID#1000003041	11.63%		IL		63,587		-
Mortgage Loan ID#1000003109	2.00%		FL		35,207		-
Mortgage Loan ID#1000003370	10.88%		CA		94,114		-
Mortgage Loan ID#1000003191	8.25%		AZ		43,940		-
Mortgage Loan ID#1000003038	4.13%		IL		48,285		-
Mortgage Loan ID#1000003391	2.00%		NJ		52,193		-
Mortgage Loan ID#1000003744	2.00%		MA		42,622		-
Mortgage Loan ID#1000003210	6.00%		FL		46,595		-
Mortgage Loan ID#1000002916	1.00%		CA		78,265		-
Mortgage Loan ID#1000003305	11.50%		CA		79,314		-
Mortgage Loan ID#1000003367	2.00%		NY		82,587		-
Mortgage Loan ID#1000002484	1.00%		IL		38,383		-
Mortgage Loan ID#1000002909	2.00%		FL		79,816		-
Mortgage Loan ID#1000003346	2.00%		NV		74,746		-
Mortgage Loan ID#1000002869	1.00%		CA		83,353		-
Mortgage Loan ID#1000002915	1.00%		NY		136,851		-
Mortgage Loan ID#1000003818	11.63%		MD		87,010		-
Mortgage Loan ID#1000002575	4.63%		NY		85,801		-
Mortgage Loan ID#1000003431	15.00%		AZ		149,277		-
Mortgage Loan ID#1000003811	9.88%		GA		47,511		-
Mortgage Loan ID#1000003304	10.50%		CA		102,564		-
Mortgage Loan ID#1000003820	6.27%		MD		66,882		-
Mortgage Loan ID#1000003364	3.00%		CA		105,953		-
Mortgage Loan ID#1000002535	2.00%		CA		200,129		-
Mortgage Loan ID#1000002417	6.50%		AZ		50,399		-
Mortgage Loan ID#1000002877	2.00%		NY		90,345		-
Mortgage Loan ID#1000003251	6.50%		CA		88,732		-
Mortgage Loan ID#1000003784	10.50%		GA		181,824		-
Mortgage Loan ID#1000002580	3.10%		NY		86,665		-
Mortgage Loan ID#1000003398	2.00%		NJ		101,770		-
Mortgage Loan ID#1000003416	2.00%		NY		126,673		-
Mortgage Loan ID#1000003355	3.00%		VA		138,295		-
Mortgage Loan ID#1000002568	10.75%		IL		52,139		-
Mortgage Loan ID#1000002556	6.38%		NV		59,406		-
Mortgage Loan ID#1000002572	8.38%		CA		82,979		-
Mortgage Loan ID#1000002890	9.75%		NY		24,250		-
Mortgage Loan ID#1000002921	8.13%		IL		80,000		-
Mortgage Loan ID#1000002942	10.25%		FL		119,951		-
Mortgage Loan ID#1000002966	7.63%		FL		36,270		-
Mortgage Loan ID#1000002984	5.63%		AZ		61,619		-
Mortgage Loan ID#1000003014	5.63%		MT		41,785		-
Mortgage Loan ID#1000003079	6.13%		HI		16,567		-
Mortgage Loan ID#1000003085	8.13%		OH		9,882		-
Mortgage Loan ID#1000003086	8.13%		OH		9,874		-
Mortgage Loan ID#1000003275	5.38%		FL		44,818		-
Mortgage Loan ID#1000002511	2.00%		NJ		297,970		-
Mortgage Loan ID#1000003588	5.63%		GA		116,000		-
Mortgage Loan ID#1000003394	6.50%		AZ		137,659		-
Mortgage Loan ID#1000003353	1.00%		WA		85,689		-
Mortgage Loan ID#1000003327	2.00%		MN		101,592		-
Mortgage Loan ID#1000003426	6.38%		IL		86,603		-
Mortgage Loan ID#1000002618	1.00%		NY		55,141		-
Mortgage Loan ID#1000002999	10.75%		TX		25,151		(150)
Mortgage Loan ID#1000003385	12.88%		NY		44,885		(1,000)
Mortgage Loan ID#1000003688	13.63%		MI		18,734		(1,000)
					364,100,790		212,815,629
Real estate acquired in settlement of loans
Real Estate Owned ID#1000043536	N/A		MI	$	860,000	$	815,639
Real Estate Owned ID#1000001643	N/A		FL		621,672		772,666
Real Estate Owned ID#1000038536	N/A		MA		930,546		765,000
Real Estate Owned ID#1000043808	N/A		FL		471,000		620,000
Real Estate Owned ID#1000029360	N/A		MI		544,877		490,000
Real Estate Owned ID#1000017442	N/A		AZ		511,696		403,271
Real Estate Owned ID#1000016154	N/A		FL		472,046		388,977
Real Estate Owned ID#1000029171	N/A		FL		509,600		363,075
Real Estate Owned ID#1000026659	N/A		IL		587,418		356,653
Real Estate Owned ID#1000015110	N/A		VA		404,288		335,587
Real Estate Owned ID#1000028903	N/A		CA		488,632		318,767
Real Estate Owned ID#1000026961	N/A		FL		564,276		303,403
Real Estate Owned ID#1000027710	N/A		VA		310,505		295,689
Real Estate Owned ID#1000015086	N/A		CA		391,950		295,340
Real Estate Owned ID#1000002112	N/A		VA		298,857		288,153
Real Estate Owned ID#1000044207	N/A		CA		335,489		287,009
Real Estate Owned ID#1000028945	N/A		FL		565,506		284,800
Real Estate Owned ID#1000029087	N/A		CA		374,503		274,712
Real Estate Owned ID#1000002328	N/A		FL		337,877		255,728
Real Estate Owned ID#1000028123	N/A		MN		428,646		252,680
Real Estate Owned ID#1000028807	N/A		NJ		368,033		247,636
Real Estate Owned ID#1000016358	N/A		FL		328,133		247,029
Real Estate Owned ID#1000029380	N/A		NJ		400,000		244,326
Real Estate Owned ID#1000017008	N/A		FL		334,222		239,752
Real Estate Owned ID#1000026377	N/A		CT		316,051		239,153
Real Estate Owned ID#1000044101	N/A		PA		181,868		229,531
Real Estate Owned ID#1000027658	N/A		MD		336,289		226,325
Real Estate Owned ID#1000025971	N/A		CA		332,668		223,694
Real Estate Owned ID#1000026098	N/A		NH		648,836		221,929
Real Estate Owned ID#1000043691	N/A		MN		413,140		213,153
Real Estate Owned ID#1000027008	N/A		MD		274,502		212,320
Real Estate Owned ID#1000043232	N/A		NJ		444,598		212,058
Real Estate Owned ID#1000027210	N/A		NJ		339,999		210,285
Real Estate Owned ID#1000038451	N/A		IL		184,189		209,963
Real Estate Owned ID#1000003963	N/A		WV		230,151		198,339
Real Estate Owned ID#1000034760	N/A		NY		192,490		192,849
Real Estate Owned ID#1000003526	N/A		MD		269,749		190,714
Real Estate Owned ID#1000043435	N/A		IL		235,219		187,491
Real Estate Owned ID#1000029037	N/A		WI		233,121		185,275
Real Estate Owned ID#1000026239	N/A		AZ		206,601		182,102
Real Estate Owned ID#1000016029	N/A		TX		650,022		181,884
Real Estate Owned ID#1000001490	N/A		NY		285,000		181,365
Real Estate Owned ID#1000044261	N/A		NV		329,204		179,230
Real Estate Owned ID#1000001371	N/A		OR		235,924		176,343
Real Estate Owned ID#1000002203	N/A		FL		475,842		174,771
Real Estate Owned ID#1000043996	N/A		PA		240,000		174,746
Real Estate Owned ID#1000028991	N/A		CA		328,803		171,279
Real Estate Owned ID#1000044243	N/A		AL		203,417		169,486
Real Estate Owned ID#1000035799	N/A		CA		196,015		168,461
Real Estate Owned ID#1000003962	N/A		FL		378,400		160,500
Real Estate Owned ID#1000016402	N/A		NY		352,869		159,443
Real Estate Owned ID#1000027846	N/A		CA		271,063		158,439
Real Estate Owned ID#1000015537	N/A		FL		460,000		157,399
Real Estate Owned ID#1000035172	N/A		NY		415,887		157,361
Real Estate Owned ID#1000027650	N/A		FL		340,000		157,263
Real Estate Owned ID#1000001971	N/A		CA		243,883		150,354
Real Estate Owned ID#1000016597	N/A		FL		319,000		146,284
Real Estate Owned ID#1000016279	N/A		NY		390,501		145,773
Real Estate Owned ID#1000043695	N/A		FL		165,708		144,778
Real Estate Owned ID#1000001636	N/A		FL		564,000		144,628
Real Estate Owned ID#1000026662	N/A		FL		203,460		143,912
Real Estate Owned ID#1000044040	N/A		OH		166,230		143,059
Real Estate Owned ID#1000027021	N/A		MD		247,076		141,725
Real Estate Owned ID#1000000379	N/A		TX		209,970		140,724
Real Estate Owned ID#1000043797	N/A		FL		279,623		140,695
Real Estate Owned ID#1000026577	N/A		MD		367,198		140,415
Real Estate Owned ID#1000016408	N/A		FL		357,440		137,683
Real Estate Owned ID#1000029250	N/A		IL		402,528		137,628
Real Estate Owned ID#1000001350	N/A		FL		217,822		135,905
Real Estate Owned ID#1000029124	N/A		MD		197,621		135,362
Real Estate Owned ID#1000026417	N/A		CT		263,730		135,256
Real Estate Owned ID#1000026413	N/A		MA		352,241		135,208
Real Estate Owned ID#1000044136	N/A		MD		296,082		134,999
Real Estate Owned ID#1000043370	N/A		FL		206,910		134,551
Real Estate Owned ID#1000043524	N/A		IL		240,000		133,633
Real Estate Owned ID#1000001162	N/A		OH		141,924		129,785
Real Estate Owned ID#1000016150	N/A		FL		480,000		128,689
Real Estate Owned ID#1000043629	N/A		WA		205,443		127,938
Real Estate Owned ID#1000027319	N/A		TN		155,858		125,812
Real Estate Owned ID#1000016507	N/A		PA		201,766		125,630
Real Estate Owned ID#1000026462	N/A		MS		256,448		124,475
Real Estate Owned ID#1000035018	N/A		NJ		263,766		124,008
Real Estate Owned ID#1000026072	N/A		NJ		189,212		123,481
Real Estate Owned ID#1000043953	N/A		FL		213,696		122,151
Real Estate Owned ID#1000028801	N/A		FL		187,200		122,017
Real Estate Owned ID#1000001705	N/A		NJ		158,103		121,996
Real Estate Owned ID#1000029350	N/A		WI		137,650		120,782
Real Estate Owned ID#1000029296	N/A		FL		333,511		119,800
Real Estate Owned ID#1000017385	N/A		GA		184,063		118,312
Real Estate Owned ID#1000043961	N/A		MD		197,564		115,710
Real Estate Owned ID#1000001337	N/A		FL		198,860		115,526
Real Estate Owned ID#1000027386	N/A		IL		172,880		115,008
Real Estate Owned ID#1000015468	N/A		FL		214,449		113,497
Real Estate Owned ID#1000027567	N/A		FL		341,091		110,299
Real Estate Owned ID#1000028037	N/A		FL		188,286		110,143
Real Estate Owned ID#1000043604	N/A		NJ		272,047		107,353
Real Estate Owned ID#1000027095	N/A		FL		158,150		106,789
Real Estate Owned ID#1000028824	N/A		TX		157,939		105,690
Real Estate Owned ID#1000036088	N/A		CT		240,099		103,499
Real Estate Owned ID#1000028929	N/A		FL		145,505		103,215
Real Estate Owned ID#1000044146	N/A		FL		105,075		101,771
Real Estate Owned ID#1000035766	N/A		IL		212,150		101,354
Real Estate Owned ID#1000015549	N/A		IN		138,225		100,654
Real Estate Owned ID#1000001284	N/A		IL		236,454		98,530
Real Estate Owned ID#1000043693	N/A		FL		252,393		98,151
Real Estate Owned ID#1000015254	N/A		GA		104,881		97,486
Real Estate Owned ID#1000016629	N/A		OK		189,534		96,914
Real Estate Owned ID#1000044255	N/A		NE		129,170		93,493
Real Estate Owned ID#1000026203	N/A		NJ		321,763		93,385
Real Estate Owned ID#1000029099	N/A		FL		172,481		92,192
Real Estate Owned ID#1000035463	N/A		WA		112,500		84,290
Real Estate Owned ID#1000028409	N/A		FL		190,537		84,210
Real Estate Owned ID#1000001873	N/A		NJ		169,198		83,457
Real Estate Owned ID#1000026288	N/A		OK		113,031		81,838
Real Estate Owned ID#1000027759	N/A		FL		98,443		79,814
Real Estate Owned ID#1000001933	N/A		FL		228,125		78,745
Real Estate Owned ID#1000043141	N/A		LA		133,059		77,090
Real Estate Owned ID#1000028175	N/A		IL		160,813		76,098
Real Estate Owned ID#1000034935	N/A		NY		55,895		75,390
Real Estate Owned ID#1000043412	N/A		PA		128,272		73,904
Real Estate Owned ID#1000001850	N/A		FL		144,426		71,171
Real Estate Owned ID#1000044264	N/A		FL		154,734		71,008
Real Estate Owned ID#1000001922	N/A		FL		231,309		70,862
Real Estate Owned ID#1000029077	N/A		FL		192,555		67,609
Real Estate Owned ID#1000044109	N/A		PA		115,173		65,850
Real Estate Owned ID#1000028997	N/A		FL		203,467		63,635
Real Estate Owned ID#1000043680	N/A		IL		192,224		63,327
Real Estate Owned ID#1000017412	N/A		MD		93,968		63,034
Real Estate Owned ID#1000000676	N/A		FL		135,804		61,015
Real Estate Owned ID#1000016097	N/A		FL		231,588		56,681
Real Estate Owned ID#1000035002	N/A		IL		178,595		55,699
Real Estate Owned ID#1000043302	N/A		AL		103,435		54,267
Real Estate Owned ID#1000043920	N/A		NC		92,276		52,233
Real Estate Owned ID#1000036082	N/A		MD		112,200		50,505
Real Estate Owned ID#1000043802	N/A		TX		57,665		49,863
Real Estate Owned ID#1000038562	N/A		PA		99,231		49,392
Real Estate Owned ID#1000016158	N/A		FL		210,000		47,115
Real Estate Owned ID#1000035082	N/A		FL		206,838		44,702
Real Estate Owned ID#1000015212	N/A		IL		255,025		42,618
Real Estate Owned ID#1000028867	N/A		SC		124,739		41,798
Real Estate Owned ID#1000028297	N/A		VT		143,796		41,139
Real Estate Owned ID#1000016091	N/A		NY		75,372		40,881
Real Estate Owned ID#1000043965	N/A		SC		134,739		40,473
Real Estate Owned ID#1000000523	N/A		DE		172,100		40,229
Real Estate Owned ID#1000027873	N/A		IL		172,730		40,160
Real Estate Owned ID#1000028493	N/A		FL		128,640		39,936
Real Estate Owned ID#1000035065	N/A		FL		270,320		39,503
Real Estate Owned ID#1000043119	N/A		LA		63,933		39,223
Real Estate Owned ID#1000029357	N/A		LA		92,307		37,799
Real Estate Owned ID#1000044133	N/A		MD		126,711		36,992
Real Estate Owned ID#1000017036	N/A		MO		136,489		36,813
Real Estate Owned ID#1000001874	N/A		FL		207,989		35,469
Real Estate Owned ID#1000017450	N/A		FL		158,788		32,955
Real Estate Owned ID#1000035043	N/A		IL		112,187		31,989
Real Estate Owned ID#1000034951	N/A		FL		417,000		31,943
Real Estate Owned ID#1000034967	N/A		IL		114,414		30,848
Real Estate Owned ID#1000044192	N/A		FL		122,646		29,904
Real Estate Owned ID#1000001686	N/A		NY		85,384		29,390
Real Estate Owned ID#1000026708	N/A		OH		164,273		29,370
Real Estate Owned ID#1000001314	N/A		NJ		121,443		28,576
Real Estate Owned ID#1000001862	N/A		VA		121,259		27,747
Real Estate Owned ID#1000026935	N/A		PA		62,280		27,568
Real Estate Owned ID#1000028202	N/A		MD		186,144		25,724
Real Estate Owned ID#1000029190	N/A		FL		119,170		24,475
Real Estate Owned ID#1000000374	N/A		VA		183,750		23,934
Real Estate Owned ID#1000017337	N/A		CT		183,723		23,851
Real Estate Owned ID#1000036032	N/A		IN		82,381		23,153
Real Estate Owned ID#1000043736	N/A		NJ		114,827		22,879
Real Estate Owned ID#1000026644	N/A		FL		142,402		19,673
Real Estate Owned ID#1000035077	N/A		FL		235,602		19,365
Real Estate Owned ID#1000003632	N/A		MD		126,308		19,229
Real Estate Owned ID#1000015143	N/A		FL		87,051		17,876
Real Estate Owned ID#1000044079	N/A		OH		82,331		16,721
Real Estate Owned ID#1000027257	N/A		MD		199,799		15,599
Real Estate Owned ID#1000034894	N/A		PA		86,324		13,709
Real Estate Owned ID#1000000764	N/A		FL		69,868		11,100
Real Estate Owned ID#1000028844	N/A		NJ		189,782		10,292
Real Estate Owned ID#1000028920	N/A		PA		59,746		8,700
Real Estate Owned ID#1000028197	N/A		MD		115,415		4,412
Real Estate Owned ID#1000001328	N/A		MN		186,121		4,187
Real Estate Owned ID#1000003780	N/A		GA		26,077		(2,036)
Real Estate Owned ID#1000027199	N/A		FL		95,515		(6,922)
Real Estate Owned ID#1000016929	N/A		ME		114,583		(9,542)
Real Estate Owned ID#1000001786	N/A		PA		124,851		(10,308)
Real Estate Owned ID#1000001669	N/A		IL		202,153		(13,538)
					45,134,196		24,695,810
TOTAL INVESTMENTS IN NONAFFILIATES (Cost $206,091,548)					409,234,986		237,511,439
INVESTMENTS IN AFFILIATES - 10%*
Name of Issuer					Shares		Fair Value
Short-Term Investment
BlackRock Liquidity Funds: TempFund Institutional Shares ^					27,154,836		27,154,836
TOTAL INVESTMENTS IN AFFILIATES (Cost $27,154,836)					27,154,836		27,154,836
TOTAL INVESTMENTS (Cost $233,246,384)							264,666,275
Other assets in excess of other liabilities - 10%*							30,912,296
TOTAL PARTNERS’ CAPITAL - 100%*						$	295,578,571
*   Percentages are stated as a percent of partners’ capital
^  Investment represents securities held or issued by related parties
All investments are in the United States of America.

	Deloitte & Touche LLP 555 West 5th Street Suite 2700 Los Angeles, CA 90013-1010 USA
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON DETAILED SCHEDULE OF INVESTMENTS

To the Board of Directors and Partners of

PNMAC Mortgage Opportunity Fund, LP and subsidiaries:

We have audited the accompanying schedule of investments (the "schedule") of PNMAC Mortgage Opportunity Fund, LP and subsidiaries (the "Master Fund") as of December 31, 2014 (included in Item 6 of this Form N-CSR). The schedule is the responsibility of the Master Fund's management. Our responsibility is to express an opinion on this schedule based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the schedule is free of material misstatement. The Master Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting as it relates to the schedule. Our audit included consideration of internal control over financial reporting as it relates to the schedule as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Master Fund's internal control over financial reporting as it relates to the schedule. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the schedule, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall schedule presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the schedule of investments referred to above presents fairly, in all material respects, the investments of PNMAC Mortgage Opportunity Fund, LP and subsidiaries as of December 31, 2014, in conformity with accounting principles generally accepted in the United States of America.

October 27, 2017

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

(a) (1) The Five persons with the most significant responsibility for the day-to-day management of the Registrant’s portfolio are Stanford L. Kurland, David A. Spector, David M. Walker, Andy S. Chang, and Vandad Fartaj. The titles, business experience, and length of service of Messrs. Kurland, Spector, Walker, Chang, and Fartaj are included in the following table:

Name	Title	Length of Service	Business Experience During Past 5 Years	Role of Portfolio Manager
Stanford L. Kurland (62) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, California 93021	Founder, Chairman and Chief Executive Officer of the Investment Adviser	Served since May 29, 2008	Chairman and Chief Executive Officer of PennyMac Financial Services, Inc. (since 2012) and  Private National Mortgage Acceptance Company, LLC (since 2008); Chairman and Chief Executive Officer of PennyMac Loan Services, LLC (since 2008); Chairman of the Board of Trustees and Chief Executive Officer of PennyMac Mortgage Investment Trust (since 2009).	Chairman and Chief Executive Officer of the Investment Adviser
David A. Spector (51) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, California 93021	Chief Investment Officer	Served since May 29, 2008	President and Chief Operating Officer of PennyMac Financial Services, Inc. (since 2012); President and Chief Investment Officer of Private National Mortgage Acceptance Company, LLC (since 2008); Member of the Board of Directors of PNMAC Mortgage Opportunity Fund, LLC (since 2008) and  PNMAC Mortgage Opportunity Fund, LP (since 2008) and Member of the Board of Trustees and President and Chief Operating Officer of PennyMac Mortgage Investment Trust (since 2009).Investment Trust.	As Chief Investment Officer, is responsible for oversight of all activities pertaining to investments, and directs the activities of portfolio management, capital markets, and credit as each relates to mortgage credit and company credit risk
David M. Walker (59) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, California 93021	Chief Credit and Enterprise Risk Officer of the Investment Adviser	Served since May 29, 2008	Chief Credit and Enterprise Risk Officer of PennyMac Financial Services, Inc. (since 2012) and Private National Mortgage Acceptance Company, LLC (since 2008); Chief Credit and Enterprise Risk Officer of Private National Mortgage Acceptance Company, LLC (since 2011).	As Chief Credit and Enterprise Risk Officer, is responsible for developing and maintaining the loan grading system, default curves, the loan loss severity matrix, new loan underwriting and modification standards, overseeing representation and warranty claims.

Name	Title	Length of Service	Business Experience During Past 5 Years	Role of Portfolio Manager
Andy S. Chang (37) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, California 93021	Chief Business Development Officer of the Investment Adviser	Served since May 29, 2008	Chief Business Development Officer of PennyMac Financial Services, Inc. (since 2012) and Private National Mortgage Acceptance Company, LLC (since 2009).	As Chief Business Development Officer, is responsible for establishing relationships with sellers, negotiating purchase/sales agreements, and coordinating transaction details.
Vandad Fartaj (40) c/o PNMAC Capital Management, LLC, 6101 Condor Drive, Moorpark, California 93021	Chief Capital Markets Officer of the Investment Adviser	Served since March 3, 2010	Chief Capital Markets Officer of PennyMac Financial Services, Inc. (since 2012) and Private National Mortgage Acceptance Company, LLC (since 2010); Formerly, Managing Director, Capital Markets, for Private National Mortgage Acceptance Company, LLC (2008 to 2010.	As Chief Capital Markets Officer, is responsible for all capital markets activities including asset valuation, trading, hedging and research.

(2) The following table provides information about the other accounts managed on a day-to-day basis by each of the portfolio managers as of December 31, 2014:

Name of Manager	Total Number of Accounts Managed	Total Assets in Accounts Managed	Number of Accounts for Which Advisory Fee is Based on Performance	Assets in Accounts for Which Advisory Fee is Based on Performance
Stanford L. Kurland
Registered investment companies	2	$533,459,947	2	$533,459,947
Other pooled investment vehicles	3	$5,134,445,475	2	$5,134,445,475
Other accounts				$0
David A. Spector
Registered investment companies	2	$533,459,947	2	$533,459,947
Other pooled investment vehicles	3	$5,134,445,475	2	$5,134,445,475
Other accounts				$0
Vandad Fartaj
Registered investment companies	2	$533,459,947	2	$533,459,947
Other pooled investment vehicles	3	$5,134,445,475	2	$5,134,445,475
Other accounts				$0
David M. Walker
Registered investment companies	2	$533,459,947	2	$533,459,947
Other pooled investment vehicles	3	$5,134,445,475	2	$5,134,445,475
Other accounts				$0
Andy S. Chang
Registered investment companies	2	$533,459,947	2	$533,459,947
Other pooled investment vehicles	3	$5,134,445,475	2	$5,134,445,475
Other accounts				$0

 Potential Material Conflicts of Interests:

The Investment Adviser and its respective affiliates, members and employees may manage or advise other clients, including other investment vehicles and entities (“Other Accounts”). Investment opportunities will be apportioned among the Fund and Other Accounts pursuant to an allocation methodology that assesses the risk/expected return of loans in a given population such that each Fund and Other Accounts receive a pro-rata share based on capital available for investment. There is no assurance that the Fund will be offered any specific investment opportunities that come to the attention of the Investment Adviser or that the Fund will be permitted to invest the full amount it desires to invest in any such opportunity that is made available.

(3) Compensation:

Messrs. Kurland, Spector, Walker, Chang, and Fartaj receive a fixed salary from Private National Mortgage Acceptance Company, LLC (“PennyMac”), the parent company of the Investment Adviser. Additionally, each of the managers will receive pro rata distributions of the profits of PennyMac based on his equity interest therein. During the year ended December 31, 2014, Messrs. Kurland, Spector, Walker, Chang, and Fartaj received from one of the managed accounts, restricted stock units which vest over a four year period.None of Messrs. Kurland, Spector, Walker, Chang and Fartaj receive any direct compensation from the Registrant.

(4) The following table provides information about the dollar range of equity securities in the registrant beneficially owned by each of the portfolio managers as of December 31, 2014:

Name of Manager	Aggregate Dollar Range of Holdings in the Registrant
Stanford L. Kurland	None
David A. Spector	None
David M. Walker	None
Andy S. Chang	None
Vandad Fartaj	None

(b) Not applicable.

Item 9. Purchases of Equity Securities by Closed‑End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

The registrant’s nominating committee charter does not contain any changes to procedures by which shareholders may recommend nominees to the registrant’s board of directors

Item 11. Controls and Procedures.

(a) The Registrant’s Chief Executive Officer and Chief Financial Officer have reviewed the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as of a date within 90 days of the filing of this report, as required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d‑15(b) under the Securities Exchange Act of 1934.  Based on their review, such officers have concluded that the disclosure controls and procedures are effective in ensuring that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known to them by others within the Registrant and by the Registrant’s service provider.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 12. Exhibits.

(a) (1) Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy Item 2 requirements through filing an exhibit. Not applicable during this period. .

(2) A separate certification for each principal executive and principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  Furnished herewith.

(3) Any written solicitation to purchase securities under Rule 23c‑1 under the Act sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons.  Not applicable during this period.

(b) Certifications pursuant to Section 906 of the Sarbanes‑Oxley Act of 2002.  Furnished herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)  PNMAC Mortgage Opportunity Fund, LP               

By (Signature and Title)          /s/ David A. Spector                        

David A. Spector, CEO

Date       October 27, 2017                                                              

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)          /s/ David A. Spector                        

David A. Spector, CEO

Date       October 27, 2017                                                               

By (Signature and Title)          /s/ Andrew S. Chang                      

Andrew S. Chang, CFO

Date       October 27, 2017