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

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

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, 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, California 91361
(Address of principal executive offices) (Zip code)

Derek W. Stark, Secretary

PNMAC MORTGAGE OPPORTUNITY FUND, LP

3043 Townsgate Road, Westlake Village, California 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: June 30, 2015

EXPLANATORY NOTE

The Registrant is filing this amendment to its Form N-CSR for the six months ended June 30, 2015, originally filed with the Securities and Exchange Commission on September 3, 2015. The purpose of this amendment is to include a detailed Schedule of Investments in Item 6 – Investments as of June 30, 2015 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

Semi-Annual Report

As of and for the six months ended June 30, 2015

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Table of Contents

Financial Statements	Page

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

Additional Information	26

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Statement of Assets and Liabilities

June 30, 2015

(Unaudited)

Assets:
Investments at fair value (cost $204,504,215)	$	223,871,590
Receivable from PennyMac Loan Services, LLC		72,264,057
Other assets		5,990,974
Total assets		302,126,621

Liabilities:

Asset-backed secured financing at fair value		104,375,073
Payable to Investment Manager		594,471
Accrued expenses		623,787
Other liabilities		922,268
Total liabilities		106,515,599

Partners’ capital	$	195,611,022

Partners’ capital consists of:
Non-controlling interest	$	25,323,092
General partner		41,242,730
Limited partner		129,045,200
Total partners’ capital	$	195,611,022

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

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Summary Schedule of Investments

June 30, 2015

(Unaudited)

INVESTMENTS - 114%*
INVESTMENTS IN NONAFFILIATES - 91%*

Description	Note Rate			State	Principal Amount		Fair Value
Mortgage loans
Mortgage Loan ID#1000043954		7.25	%	FL	$	2,250,000	$	1,812,751
Mortgage Loan ID#1000015063		7.38	%	FL		1,350,000		1,256,028
Mortgage Loan ID#1000043569		2.63	%	CA		1,500,000		946,404
Mortgage Loan ID#1000002193		6.88	%	DC		990,000		861,073
Mortgage Loan ID#1000043880		3.00	%	OR		1,387,425		796,845
Mortgage Loan ID#1000035099		6.00	%	NE		999,000		750,218
Mortgage Loan ID#1000043772		5.88	%	FL		920,218		719,897
Mortgage Loan ID#1000028984		2.00	%	CA		1,364,442		713,624
Mortgage Loan ID#1000035161		7.75	%	NE		632,986		656,942
Mortgage Loan ID#1000043535		5.34	%	NE		889,824		642,522
Mortgage Loan ID#1000000557		6.90	%	NJ		990,473		633,812
Mortgage Loan ID#1000026543		6.25	%	GA		731,500		626,770
Mortgage Loan ID#1000025942		3.00	%	CA		621,594		600,835
Mortgage Loan ID#1000034768		3.00	%	NE		667,276		590,457
Mortgage Loan ID#1000001651		7.38	%	FL		1,453,630		570,968
Mortgage Loan ID#1000043744		6.38	%	CA		778,451		556,186
Mortgage Loan ID#1000015520		8.00	%	GA		1,000,000		554,965
Mortgage Loan ID#1000003584		4.29	%	MD		539,160		546,323
Mortgage Loan ID#1000035343		6.50	%	CA		896,757		544,343
Mortgage Loan ID#1000016663		6.88	%	OR		799,863		532,132
Mortgage Loan ID#1000016006		7.15	%	NY		641,150		528,536
Mortgage Loan ID#1000001411		3.00	%	CA		832,829		521,846
Mortgage Loan ID#1000027182		7.00	%	NE		649,095		509,229
Mortgage Loan ID#1000002189		7.25	%	NY		915,540		503,105
Mortgage Loan ID#1000026795		2.75	%	CA		574,455		499,272
Mortgage Loan ID#1000043694		5.50	%	CO		650,207		487,802
Mortgage Loan ID#1000026303		6.50	%	MI		487,764		482,928
Mortgage Loan ID#1000016833		6.50	%	NE		645,282		473,353
Mortgage Loan ID#1000026843		5.88	%	CA		536,000		469,836
Mortgage Loan ID#1000015179		4.25	%	CT		880,800		466,692
Mortgage Loan ID#1000026305		5.88	%	CA		595,536		463,683
Mortgage Loan ID#1000026020		3.00	%	CA		554,233		461,649
Mortgage Loan ID#1000043537		7.38	%	NE		570,325		461,508
Mortgage Loan ID#1000002184		2.00	%	NY		815,930		454,800
Mortgage Loan ID#1000043672		6.38	%	NE		551,822		452,409
Mortgage Loan ID#1000002404		3.44	%	NY		755,396		450,259
Mortgage Loan ID#1000001628		10.37	%	NY		451,250		449,086
Mortgage Loan ID#1000003907		6.00	%	MD		579,090		447,899
Mortgage Loan ID#1000002164		2.63	%	CA		560,168		433,559
Mortgage Loan ID#1000034934		2.00	%	NE		741,285		433,551
Other		5.65	%			237,789,639		127,636,490
						271,540,395		152,000,587

(continued)

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

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Summary Schedule of Investments

June 30, 2015

(Unaudited)

Description	Note Rate		State	Principal Amount		Fair Value
Real estate acquired in settlement of loans
Real Estate Owned ID#1000015629		N/A	CA	$	996,000	$	1,132,950
Real Estate Owned ID#1000015367		N/A	IL		545,527		753,858
Real Estate Owned ID#1000043536		N/A	MI		860,000		706,594
Real Estate Owned ID#1000001643		N/A	FL		621,672		703,003
Real Estate Owned ID#1000016499		N/A	NE		720,000		553,312
Real Estate Owned ID#1000043808		N/A	FL		471,000		544,788
Real Estate Owned ID#1000027525		N/A	NE		554,549		491,966
Real Estate Owned ID#1000028068		N/A	CA		485,478		489,772
Real Estate Owned ID#1000015181		N/A	IL		869,995		468,728
Real Estate Owned ID#1000016154		N/A	FL		472,046		465,230
Other		N/A			36,369,590		19,204,474
					42,965,857		25,514,675

TOTAL INVESTMENTS IN NONAFFILIATES (Cost $158,147,887)					314,506,252		177,515,262

INVESTMENTS IN AFFILIATES - 23%*

Name of Issuer				Shares		Fair Value
Short-Term Investment
BlackRock Liquidity Funds: TempFund Institutional Shares ^				$	46,356,328	$	46,356,328

TOTAL INVESTMENTS IN AFFILIATES (Cost $46,356,328)					46,356,328		46,356,328

TOTAL INVESTMENTS (Cost $204,504,215)							223,871,590

LIABILITIES - 53%*
Description	Cusip	Note Rate			Maturity Date	Principal Amount		Fair Value
Asset-backed secured financing
PNMAC 2015-NPL1 A-1-144A ^	70932GAA8		4.00	%	3/25/2055	$	97,428,063	$	97,317,871
PNMAC 2015-NPL1 A-1-REGS ^	U7088RAA5		4.00	%	3/25/2055		7,065,193		7,057,202

TOTAL LIABILITIES (Cost $104,385,593)									104,375,073


Other assets in excess of other liabilities - 39%*									76,114,505

TOTAL PARTNERS’ CAPITAL - 100%*								$	195,611,022

* 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.

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Statement of Operations

For the Six Months ended June 30, 2015

(Unaudited)

Investment income
Interest from mortgage loans	$	13,829,340
Dividends from related party-
BlackRock Liquidity Funds: Tempfund Institutional Shares		17,635
Home Affordable Modification Program incentives		605,547
Other		2,239
Total investment income		14,454,761

Expenses
Investment advisory fees		1,418,451
Collection and liquidation expenses		1,171,316
Interest		994,544
Mortgage loan servicing fees		955,550
Collateral valuation		951,937
Professional fees		476,956
Insurance		150,984
Directors’ fees and expenses		147,128
Administration fees		130,675
Taxes		51,019
Investment software licensing		35,753
Trustee fees		33,699
Custodian fees		24,447
Mortgage loan accounting fees		17,695
Registration fees		1,996
Total expenses before mortgage loan servicing fee rebate		6,562,150
Mortgage loan servicing fee rebate		(195,706	)
Net expenses		6,366,444
Net investment income		8,088,317

Net realized gain and change in unrealized gain on investments:
Net realized gain on investments		8,215,529
Net change in unrealized gain on investments		(12,041,997	)
Net realized gain and change in unrealized gain on investments		(3,826,468	)
Net income resulting from operations		4,261,849
Less: income attributable to Non-controlling Interest		1,217,334
Net increase in partners’ capital resulting from operations	$	3,044,515

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

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Statements of Changes in Partners’ Capital

For the Six Months ended June 30, 2015 and for the Year ended December 31, 2014

(Unaudited)

	Non-controlling			General			Limited
	Interest			Partner			Partner			Total
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
Distributions		(2,658,705	)		-			(101,570,693	)		(104,229,398	)
Increase in partners’ capital from operations:
Net investment income		2,886,047			48			5,202,222			8,088,317
Net realized gain on investments		(905,301	)		68			9,120,762			8,215,529
Net change in unrealized gain on investments		(763,412	)		(85	)		(11,278,500	)		(12,041,997	)
Net change in Carried Interest		-			469,726			(469,726	)		-
Net increase in partners’ capital from operations		1,217,334			469,757			2,574,758			4,261,849

Partners’ capital, June 30, 2015	$	25,323,092		$	41,242,730		$	129,045,200		$	195,611,022

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

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Consolidated Statements of Changes in Partners’ Capital

For the Six Months ended June 30, 2015 and for the Year ended December 31, 2014

(Unaudited)

Cash flows from operating activities:

Net increase in partners’ capital resulting from operations	$	4,261,849

Adjustments to reconcile net increase in partners’ capital resulting
from operations to net cash provided by operating activities:

Principal repayments on mortgage loans		9,701,936
Capitalization of interest on mortgage loans		(3,035,351	)
Sales of mortgage loans		47,635,550
Net change in short-term investment		(19,201,492	)
Accrual of unearned discount on mortgage loans		(8,205,115	)
Sales of real estate acquired in settlement of loans		10,062,170
Net realized gain on investments		(8,215,529	)
Net change in unrealized gain on investments		12,041,997
Changes in other assets and liabilities:
Increase in receivable from PennyMac Loan Services, LLC		(41,314,890	)
Increase in other assets		(3,714,197	)
Decrease in payable to Investment Manager		(293,628	)
Increase in accrued expenses and other liabilities		120,506
Net cash used in operating activities		(156,194	)

Cash flows from financing activities:
Issuance of asset-backed secured financing.		110,816,337
Repayment of asset-backed secured financing		(6,430,745	)
Distributions to Non-controlling Interest		(2,658,705	)
Distributions to Limited Partner		(101,570,693	)
Net cash provided by financing activities		156,194

Net change in cash		-

Cash at beginning of period		-
Cash at end of period	$	-


Supplemental cash flow information:
Cash paid for interest	$	937,287

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Financial Highlights

As of and for the Six Months ended June 30, 2015 and

Years ended December 31, 2014, 2013, 2012, 2011

(Unaudited)

For the six months ended June 30, 2015
	General			Limited
	Partner (1)			Partner			Total
Total Return (2) (7)
Before Carried Interest		1.52	%		0.86	%		0.86	%
Carried Interest (3)		-0.37	%		-0.04	%		-
After Carried Interest		1.15	%		0.82	%		0.86	%

Internal rate of return (4)		367.83	%		9.88	%		11.48	%

Ratio of net investment income to weighted average
partners capital (6)		4.63	%		5.01	%		5.01	%

Ratio of expenses to weighted average partners’ capital (1) (6)		3.48	%		5.83	%		5.83	%
Carried Interest		-22,308.45	%		0.22	%		-
Ratio of expenses and carried interest to weighted average
partners’ capital		-22,304.97	%		6.05	%		5.83	%

Partners’ capital, end of year	$	41,242,730		$	129,045,200		$	170,287,930
Portfolio turnover rate (7)								0.00	%

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	%

(Continued)

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Financial Highlights

As of and for the Six Months ended June 30, 2015 and

Years ended December 31, 2014, 2013, 2012, 2011

(Unaudited)

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	%

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	%

(Continued)

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Financial Highlights

As of and for the Six Months ended June 30, 2015 and

Years ended December 31, 2014, 2013, 2012, 2011

(Unaudited)

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	%

(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) and 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.

(6)	Annualized.

(7)	Not annualized.

(Concluded)

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

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 76% of the Master Fund at June 30, 2015 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., LLC, and PNMAC Mortgage Co (FI), LLC (these companies are referred to collectively as the “Mortgage Investments”).

·	PNMAC Mortgage Co. Funding, LLC is a wholly owned limited liability company that acquires, holds and works 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.

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

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

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 is classified as an investment company and 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:

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,

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

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 judgments 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.

Short-term Investment

The short-term investment, the BlackRock Liquidity Funds: TempFund Institutional Shares is carried at fair value with changes in fair value recognized in current period operations. Fair value is 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 investment is classified as a “Level 1” fair value financial statement item.

Dividends on short-term investment 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.

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 inputs 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.

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

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

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.

Asset-Backed Secured Financing

Asset-backed secured financing is carried at fair value. Changes in the fair value of asset-backed secured financing are recognized in current period results of operations under the caption Net change in unrealized gain on investments. Asset-backed secured financing is categorized as “Level 3” fair value financial statement items.

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.

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 June 30, 2015, 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 income 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 income 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 income 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.

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

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;

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.

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

Note 3—Fair Value

Following is a summary of financial statement items that are measured at fair value on a recurring basis for the six months ended June 30, 2015:

	Level 1		Level 2		Level 3		Total
Assets:
Short-term investment	$	46,356,328	$	-	$	-	$	46,356,328
Mortgage loans		-		-		152,000,587		152,000,587
Real estate acquired in settlement of loans		-		-		25,514,675		25,514,675
	$	46,356,328	$	-	$	177,515,262	$	223,871,590

Liabilities:
Asset-backed secured financing	$	-	$	-	$	104,375,073	$	104,375,073
	$	-	$	-	$	104,375,073	$	104,375,073

There were no transfers of items measured at fair value between fair value hierarchy levels during the six months ended June 30, 2015.

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 six months ended June 30, 2015.

	Mortgage Loans			Real Estate Acquired in Settlement of Loans			Total
Assets:
Balance at January 1, 2015	$	212,815,629		$	24,695,810		$	237,511,439
Sales		(47,635,550	)		(10,062,170	)		(57,697,720	)
Repayments		(9,701,936	)		-			(9,701,936	)
Capitalization of interest		3,035,351			-			3,035,351
Accrual of unearned discounts		8,205,115			-			8,205,115
Transfers of mortgage loans to REO		(14,437,073	)		14,437,073			-
Net gains/(losses) on investments:
Realized		9,851,319			(1,635,790	)		8,215,529
Unrealized		(10,132,268	)		(1,920,248	)		(12,052,516	)
Balance at June 30, 2015	$	152,000,587		$	25,514,675		$	177,515,262

Changes in fair value recognized during the year
relating to assets still held at June 30, 2015	$	(98,867	)	$	(2,343,620	)	$	(2,442,487	)

*Changes in fair value as a result of changes in instrument-specific credit risk relating to mortgage loans resulted in a gain of $2,364,416 for the six months ended June 30, 2015.

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

	Asset-backed Secured Financing
Liabilities:
Balance at January 1, 2015	$	-
Sales		110,816,337
Repurchases		(6,430,745	)
Net unrealized loss on investments		(10,519	)
Balance at June 30, 2015	$	104,375,073

Valuation Techniques and Assumptions

Most of the Master Fund’s assets and liabilities are carried at fair value with changes in fair value recognized in current period operations. A substantial portion of those assets and liabilities are “Level 3” financial statement items which require the use of significant unobservable inputs in the estimation of the items’ fair values. Unobservable inputs reflect the Investment Manager’s own judgments 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.

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

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.

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.

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

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

		Range
Valuation Techniques	Key Inputs	(Weighted average)
Discounted cash flow	Discount rate	2.32% - 23.43%
		(9.89%)
	Twelve-month housing price index change	2.30% - 5.76%
		(3.48%)
	Voluntary Prepayment speed (Life voluntary CRR) (1)	0.03% - 100.00%
		(2.74%)
	Total Prepayment speed (Life total CPR) (2)	1.39% - 100.00%
		(17.79%)

(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.

Asset-Backed Secured Financing

The fair value of the Company’s asset-backed secured financing is estimated based on the fair value of the underlying mortgage loans as described under Mortgage Loans above.

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

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 June 30, 2015:

					Weighted
			% Partners’		average
Loan Type	Fair value		capital		note rate
Fixed- interest rate	$	64,810,538		33.13%		5.52%
Adjustable rate / Hybrid		55,456,976		28.35%		5.58%
Balloon		30,658,353		15.67%		2.15%
Step Rate		1,020,343		0.52%		6.34%
Other		54,377		0.03%		7.00%
Total Portfolio	$	152,000,587		77.70%		4.76%

					Weighted
			% Partners’		average
Loan Age (1)	Fair value		capital		note rate
Less than 24 months	$	164,017		0.08%		4.64%
24-36 months		104,890		0.05%		4.22%
48-60 months		88,529		0.05%		5.61%
36-48 months		406,946		0.21%		3.91%
60 months or more		151,236,205		77.31%		4.76%
Total Portfolio	$	152,000,587		77.70%		4.76%

					Weighted
			% Partners’		average
Current Loan-to-Value(2)	Fair value		capital		note rate
Less than 80%	$	32,076,982		16.40%		5.05%
80%-99.99%		29,745,023		15.21%		5.09%
100%-119.99%		35,685,210		18.24%		4.97%
120% or Greater		54,478,503		27.84%		4.49%
Unsecured		14,869		0.01%		0.00%
Total Portfolio	$	152,000,587		77.70%		4.76%

1 Loan Age reflects the age of the loan as of June 30, 2015.

2 Current 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 June 30, 2015.

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

					Weighted
			% Partners’		average
Lien Position	Fair value		capital		note rate
1st Lien	$	150,224,185		76.79%		4.65%
2nd Lien		1,761,533		0.90%		6.37%
Unsecured		14,869		0.01%		0.00%
Total Portfolio	$	152,000,587		77.70%		4.76%

					Weighted
			% Partners’		average
Geographic Distribution	Fair value		capital		note rate
New York	$	33,528,568		17.14%		5.39%
California		22,441,475		11.47%		3.30%
Florida		21,388,137		10.93%		5.50%
New Jersey		11,082,197		5.67%		5.34%
Massachusetts		6,490,436		3.32%		4.36%
Maryland		5,535,011		2.83%		3.76%
Other/Unsecured		51,534,763		26.34%		4.65%
Total Portfolio	$	152,000,587		77.70%		4.76%

					Weighted
			% Partners’		average
Payment Status	Fair value		capital		note rate
Current (3)	$	36,711,531		18.77%		3.39%
30 days delinquent		17,677,471		9.04%		3.41%
60 days delinquent		10,959,223		5.60%		3.60%
90 days or more delinquent		32,760,516		16.75%		5.30%
In Foreclosure		53,891,846		27.54%		5.95%
Total Portfolio	$	152,000,587		77.70%		4.76%

3 Current loans include loans in and adhering to a forbearance plans as of June 30, 2015.

Following is a summary of the distribution of REO:

			% Partners’
Geographic Distribution	Fair value		capital
Florida	$	7,463,579		3.82%
New Jersey		3,783,242		1.93%
Illinois		2,915,258		1.49%
California		2,864,530		1.46%
New York		1,242,819		0.64%
Other		7,245,247		3.70%
Total Portfolio	$	25,514,675		13.04%

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

Note 5—Asset-backed Secured Financing

On April 9, 2015, the Master Fund entered into a transaction to securitize certain mortgage loans and REO by transferring them into a trust which then issued Asset-Backed Notes Series 2015-NPL1 (the “Notes”). Deutsche Bank National Trust Company serves as the Indenture Trustee. As of and for the six months ended June 30, 2015, the remaining Notes issued and outstanding have an unpaid principal balance of $104,493,255, a contractual maturity date of March 25, 2055, and an interest rate of 4%. Total interest expense relating to the Notes for the six months ended June 30, 2015 was $994,544.

Note 6—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.

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. Administration fees for the six months ended June 30, 2015 totaled $130,675.

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 subsidiaries pay U.S. Bank, N.A. a monthly fee computed at an annual rate of 0.009% of unpaid principal 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 six months ended June 30, 2015 totaled $17,695.

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 six months ended June 30, 2015 were $24,447.

Note 7—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 directors’ fees and expenses incurred for the six months ended June 30, 2015 were $147,128, of which $66,101 was payable at June 30, 2015.

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

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 8—Transactions with Affiliates

As of June 30, 2015, $41,240,614 in carried interest has been reallocated from the Limited Partner’s capital account to the General Partner’s capital account of which $469,726 was allocated in the six months ended June 30, 2015.

The Master Fund paid $439,882 to the Investment Manager for reimbursable expenses paid on the Master Fund’s behalf during the six months ended June 30, 2015. Of this amount, $247,698 was for professional fees, $141,830 was for collateral valuation, $1,594 was for insurance, $44,319 was for investment software licensing, $2,005 was for registration fees, and $2,436 was for custodian fees.

As of June 30, 2015, substantially all of the receivable from PLS of $72,264,057 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 mortgage loan 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 $1,418,451 during the six months ended June 30, 2015, of which $594,471 was payable to the Investment Manager at June 30, 2015.

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

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 charged by PLS before the rebate and waiver for the six months ended June 30, 2015 totaled $1,557,110. For the six months ended June 30, 2015, PLS reduced servicing fees by providing a rebate of $195,706 and a waiver of $601,560 relating to activity fees for the sale of certain loans.

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 $46,356,328 invested in the short-term investment at June 30, 2015, and for the six months ended June 30, 2015, the Master Fund received $17,635 of dividend income from this short-term investment.

Note 9—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.

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

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 decrease in fair value because of changes in market interest rates. Investments in mortgage loans with long-term maturities may experience significant decreases in fair value if long-term mortgage interest rates increase.

Market risk represents the potential loss in fair 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.

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.

PNMAC Mortgage Opportunity Fund, LP and Subsidiaries

Notes to Consolidated Financial Statements

As of and for the Six Months ended June 30, 2015

Note 10—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 $47,400,000 for the payment of distributions to investors.

****

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 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

June 19, 2015, 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.

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 19, 2015, 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 19, 2015 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.

Item 2. Code of Ethics.

Not applicable for semi-annual reports.

Item 3. Audit Committee Financial Expert.

Not applicable for semi-annual reports.

Item 4. Principal Accountant Fees and Services.

Not applicable for semi-annual reports.

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 - 114%*
INVESTMENTS IN NONAFFILIATES - 91%*

Description		Note Rate	State		Principal Amount			Fair Value
Mortgage loans
Mortgage Loan ID#1000043954		7.25%	FL	$	2,250,000		$	1,812,751
Mortgage Loan ID#1000015063		7.38%	FL		1,350,000			1,256,028
Mortgage Loan ID#1000043569		2.63%	CA		1,500,000			946,404
Mortgage Loan ID#1000002193		6.88%	DC		990,000			861,073
Mortgage Loan ID#1000043880		3.00%	OR		1,387,425			796,845
Mortgage Loan ID#1000035099		6.00%	NE		999,000			750,218
Mortgage Loan ID#1000043772		5.88%	FL		920,218			719,897
Mortgage Loan ID#1000028984		2.00%	CA		1,364,442			713,624
Mortgage Loan ID#1000035161		7.75%	NE		632,986			656,942
Mortgage Loan ID#1000043535		5.34%	NE		889,824			642,522
Mortgage Loan ID#1000000557		6.90%	NJ		990,473			633,812
Mortgage Loan ID#1000026543		6.25%	GA		731,500			626,770
Mortgage Loan ID#1000025942		3.00%	CA		621,594			600,835
Mortgage Loan ID#1000034768		3.00%	NE		667,276			590,457
Mortgage Loan ID#1000001651		7.38%	FL		1,453,630			570,968
Mortgage Loan ID#1000043744		6.38%	CA		778,451			556,186
Mortgage Loan ID#1000015520		8.00%	GA		1,000,000			554,965
Mortgage Loan ID#1000003584		4.29%	MD		539,160			546,323
Mortgage Loan ID#1000035343		6.50%	CA		896,757			544,343
Mortgage Loan ID#1000016663		6.88%	OR		799,863			532,132
Mortgage Loan ID#1000016006		7.15%	NY		641,150			528,536
Mortgage Loan ID#1000001411		3.00%	CA		832,829			521,846
Mortgage Loan ID#1000027182		7.00%	NE		649,095			509,229
Mortgage Loan ID#1000002189		7.25%	NY		915,540			503,105
Mortgage Loan ID#1000026795		2.75%	CA		574,455			499,272
Mortgage Loan ID#1000043694		5.50%	CO		650,207			487,802
Mortgage Loan ID#1000026303		6.50%	MI		487,764			482,928
Mortgage Loan ID#1000016833		6.50%	NE		645,282			473,353
Mortgage Loan ID#1000026843		5.88%	CA		536,000			469,836
Mortgage Loan ID#1000015179		4.25%	CT		880,800			466,692
Mortgage Loan ID#1000026305		5.88%	CA		595,536			463,683
Mortgage Loan ID#1000026020		3.00%	CA		554,233			461,649
Mortgage Loan ID#1000043537		7.38%	NE		570,325			461,508
Mortgage Loan ID#1000002184		2.00%	NY		815,930			454,800
Mortgage Loan ID#1000043672		6.38%	NE		551,822			452,409
Mortgage Loan ID#1000002404		3.44%	NY		755,396			450,259
Mortgage Loan ID#1000001628		10.37%	NY		451,250			449,086
Mortgage Loan ID#1000003907		6.00%	MD		579,090			447,899
Mortgage Loan ID#1000002164		2.63%	CA		560,168			433,559
Mortgage Loan ID#1000034934		2.00%	NE		741,285			433,551
Mortgage Loan ID#1000035850		2.00%	NY		732,743			432,771
Mortgage Loan ID#1000000560		6.80%	NY		613,522			423,834
Mortgage Loan ID#1000016313		7.00%	NY		413,491			422,521
Mortgage Loan ID#1000001631		8.88%	NY		472,500			422,063
Mortgage Loan ID#1000026981		2.00%	MA		777,294			419,095
Mortgage Loan ID#1000002379		4.91%	NY		564,483			413,549
Mortgage Loan ID#1000016710		5.88%	NJ		529,780			412,991
Mortgage Loan ID#1000043564		7.00%	NY		640,848			410,393
Mortgage Loan ID#1000017201		4.88%	MD		514,078			409,108
Mortgage Loan ID#1000029085		10.20%	FL		427,283			402,126
Mortgage Loan ID#1000001415		3.88%	CA		561,498			391,010
Mortgage Loan ID#1000015922		2.75%	MO		497,538			382,826
Mortgage Loan ID#1000002166		2.00%	NY		579,869			380,182
Mortgage Loan ID#1000001402		4.00%	CA		544,582			379,610
Mortgage Loan ID#1000026026		7.00%	NY		491,954			378,635
Mortgage Loan ID#1000027733		4.00%	IL		573,920			378,164
Mortgage Loan ID#1000028896		2.00%	NY		493,723			376,881
Mortgage Loan ID#1000002148		4.00%	NC		511,754			376,484
Mortgage Loan ID#1000038435		6.75%	CA		486,697			375,155
Mortgage Loan ID#1000002214		3.00%	CA		698,691			372,909
Mortgage Loan ID#1000027226		5.75%	NY		449,000			372,561
Mortgage Loan ID#1000003544		4.75%	MA		500,944			367,437
Mortgage Loan ID#1000002149		2.75%	NY		592,034			365,126
Mortgage Loan ID#1000002394		3.76%	CT		659,525			364,724
Mortgage Loan ID#1000027875		6.20%	NY		434,148			363,561
Mortgage Loan ID#1000035760		3.31%	NJ		548,714			363,374
Mortgage Loan ID#1000015901		4.00%	MA		500,358			362,154
Mortgage Loan ID#1000043828		6.38%	CA		434,022			359,035
Mortgage Loan ID#1000027253		6.75%	CA		545,979			358,783
Mortgage Loan ID#1000043930		2.00%	MI		461,454			357,501
Mortgage Loan ID#1000002169		2.00%	NY		526,926			356,493
Mortgage Loan ID#1000002398		10.00%	NY		860,000			354,163
Mortgage Loan ID#1000002055		4.25%	NY		764,106			354,047
Mortgage Loan ID#1000002384		7.88%	DC		607,464			352,902
Mortgage Loan ID#1000026872		7.25%	FL		537,720			351,762
Mortgage Loan ID#1000026767		2.75%	CA		399,205			349,683
Mortgage Loan ID#1000002161		2.00%	NY		632,049			348,997
Mortgage Loan ID#1000003896		4.13%	MA		438,552			348,625
Mortgage Loan ID#1000028071		6.25%	NJ		504,420			347,502
Mortgage Loan ID#1000002187		2.00%	NY		507,182			344,134
Mortgage Loan ID#1000015019		4.50%	CA		390,000			343,548
Mortgage Loan ID#1000043923		2.75%	MA		402,866			341,601
Mortgage Loan ID#1000016149		6.13%	FL		470,151			340,549
Mortgage Loan ID#1000038489		6.13%	NY		590,000			340,004
Mortgage Loan ID#1000028356		9.55%	CT		459,101			339,741
Mortgage Loan ID#1000016011		8.99%	FL		505,461			336,707
Mortgage Loan ID#1000017149		6.88%	FL		637,000			334,426
Mortgage Loan ID#1000016028		8.00%	MA		471,885			332,256
Mortgage Loan ID#1000027234		7.50%	NY		486,000			332,005
Mortgage Loan ID#1000000562		6.25%	NY		416,420			331,720
Mortgage Loan ID#1000000565		8.40%	NY		514,155			331,207
Mortgage Loan ID#1000015937		6.63%	CO		468,478			331,071
Mortgage Loan ID#1000015570		4.13%	OR		460,818			330,441
Mortgage Loan ID#1000043559		5.50%	VA		597,401			329,709
Mortgage Loan ID#1000002086		5.25%	AZ		410,225			329,256
Mortgage Loan ID#1000002319		8.75%	FL		324,882			328,496
Mortgage Loan ID#1000043914		6.50%	NY		525,000			326,417
Mortgage Loan ID#1000038487		6.38%	NY		444,734			323,627
Mortgage Loan ID#1000038427		6.25%	NY		351,415			322,633
Mortgage Loan ID#1000000603		2.63%	UT		390,583			322,318
Mortgage Loan ID#1002229087		6.13%	GA		545,063			321,309
Mortgage Loan ID#1000028933		7.85%	FL		398,382			321,125
Mortgage Loan ID#1000001612		4.87%	AZ		522,580			320,978
Mortgage Loan ID#1000028289		4.00%	MA		484,151			319,861
Mortgage Loan ID#1000025998		3.00%	CA		584,025			319,805
Mortgage Loan ID#1000002167		3.50%	NY		499,997			318,069
Mortgage Loan ID#1000027630		7.00%	NJ		479,925			318,067
Mortgage Loan ID#1000043590		6.50%	NM		236,339			317,821
Mortgage Loan ID#1000029315		3.00%	CA		624,710			317,109
Mortgage Loan ID#1000026032		4.00%	HI		420,101			315,853
Mortgage Loan ID#1000029411		10.75%	FL		389,253			315,505
Mortgage Loan ID#1000002117		5.14%	NJ		471,845			315,313
Mortgage Loan ID#1000029387		8.25%	NY		600,000			315,303
Mortgage Loan ID#1000043184		2.88%	CA		386,529			314,128
Mortgage Loan ID#1000029301		2.00%	CA		587,774			310,657
Mortgage Loan ID#1000017076		7.63%	NY		438,280			309,770
Mortgage Loan ID#1000002087		2.00%	CA		473,462			308,789
Mortgage Loan ID#1000035426		6.25%	CA		497,685			306,350
Mortgage Loan ID#1000043173		2.00%	NJ		389,037			304,918
Mortgage Loan ID#1000015511		2.00%	WI		675,687			304,321
Mortgage Loan ID#1000002145		7.88%	NY		412,500			303,974
Mortgage Loan ID#1000044071		5.15%	MN		398,594			302,410
Mortgage Loan ID#1000026083		2.00%	CA		355,136			302,133
Mortgage Loan ID#1000029184		9.54%	NY		535,400			301,269
Mortgage Loan ID#1000043617		4.88%	VA		344,564			301,004
Mortgage Loan ID#1000026629		2.75%	CA		423,929			300,988
Mortgage Loan ID#1000035122		5.00%	IL		508,358			299,962
Mortgage Loan ID#1000029225		2.00%	NE		476,362			299,697
Mortgage Loan ID#1000001047		7.50%	CA		333,126			299,638
Mortgage Loan ID#1000001398		2.00%	NY		437,859			297,322
Mortgage Loan ID#1000026059		3.00%	IL		501,592			296,567
Mortgage Loan ID#1000002341		4.00%	CA		499,412			296,210
Mortgage Loan ID#1000016921		6.85%	NY		454,027			295,355
Mortgage Loan ID#1000002180		3.00%	NY		691,587			294,900
Mortgage Loan ID#1000016021		8.65%	NY		280,813			294,854
Mortgage Loan ID#1000029181		2.00%	MS		283,284			293,806
Mortgage Loan ID#1000016228		5.75%	NY		435,120			292,751
Mortgage Loan ID#1000027987		7.15%	FL		293,875			292,013
Mortgage Loan ID#1000016592		2.88%	CA		441,861			291,398
Mortgage Loan ID#1000002113		6.88%	NV		374,789			290,915
Mortgage Loan ID#1000001626		3.00%	NY		874,530			289,315
Mortgage Loan ID#1000002031		2.00%	CA		419,766			287,937
Mortgage Loan ID#1000029207		6.63%	FL		354,830			287,899
Mortgage Loan ID#1000043886		7.17%	NJ		344,509			287,348
Mortgage Loan ID#1000000797		2.00%	CA		368,343			286,633
Mortgage Loan ID#1000016081		2.50%	FL		435,471			285,852
Mortgage Loan ID#1000044102		2.00%	MA		587,857			285,670
Mortgage Loan ID#1000002098		2.00%	WA		424,139			285,342
Mortgage Loan ID#1000026350		6.50%	NY		719,176			284,198
Mortgage Loan ID#1000002121		6.88%	NY		476,950			281,980
Mortgage Loan ID#1000003895		2.63%	MD		382,673			281,953
Mortgage Loan ID#1000002075		5.63%	FL		555,011			281,406
Mortgage Loan ID#1000025997		3.00%	WA		375,439			279,934
Mortgage Loan ID#1000043702		8.15%	NY		296,197			279,771
Mortgage Loan ID#1000001994		5.00%	CA		353,341			278,137
Mortgage Loan ID#1000035448		4.00%	CA		447,298			277,867
Mortgage Loan ID#1000027464		6.75%	FL		502,188			276,737
Mortgage Loan ID#1000001457		5.00%	NJ		509,993			275,783
Mortgage Loan ID#1000026575		6.13%	AZ		430,024			275,757
Mortgage Loan ID#1000029127		4.00%	CA		416,914			274,466
Mortgage Loan ID#1000035181		7.13%	NY		348,909			273,793
Mortgage Loan ID#1000038534		5.75%	NY		394,272			272,924
Mortgage Loan ID#1000043187		2.88%	CA		338,791			271,233
Mortgage Loan ID#1000043597		7.00%	NJ		429,998			270,749
Mortgage Loan ID#1000029111		3.88%	CA		413,631			268,326
Mortgage Loan ID#1000034782		5.88%	FL		284,120			267,558
Mortgage Loan ID#1000028993		2.00%	NJ		425,055			265,170
Mortgage Loan ID#1000043521		2.63%	VA		331,025			264,495
Mortgage Loan ID#1000002089		7.63%	AZ		403,655			263,654
Mortgage Loan ID#1000002108		5.00%	NY		389,604			263,330
Mortgage Loan ID#1000026150		7.75%	PA		284,148			262,794
Mortgage Loan ID#1000035004		3.00%	FL		319,794			258,370
Mortgage Loan ID#1000035967		3.50%	MD		484,314			256,644
Mortgage Loan ID#1000029300		2.00%	CA		497,440			256,597
Mortgage Loan ID#1000002092		4.13%	NY		433,578			256,424
Mortgage Loan ID#1000003891		8.63%	MA		318,750			253,935
Mortgage Loan ID#1000017406		1.88%	CA		327,373			252,667
Mortgage Loan ID#1000043949		2.00%	MD		357,488			250,775
Mortgage Loan ID#1000043951		8.90%	FL		355,030			250,337
Mortgage Loan ID#1000000544		6.00%	NY		693,175			249,128
Mortgage Loan ID#1000027887		5.13%	FL		381,340			249,045
Mortgage Loan ID#1000028873		2.00%	NY		520,523			248,402
Mortgage Loan ID#1000002367		4.65%	NY		469,083			248,057
Mortgage Loan ID#1000000533		2.00%	NY		320,546			247,736
Mortgage Loan ID#1000035785		6.00%	NY		428,000			247,703
Mortgage Loan ID#1000003528		2.00%	MD		364,265			246,521
Mortgage Loan ID#1000043832		4.32%	MD		311,838			245,735
Mortgage Loan ID#1000034959		5.00%	FL		414,474			245,572
Mortgage Loan ID#1000043574		8.70%	NJ		330,421			245,473
Mortgage Loan ID#1000027288		6.75%	IL		474,923			244,797
Mortgage Loan ID#1000034816		7.00%	NY		441,943			244,599
Mortgage Loan ID#1000002373		5.04%	NY		530,473			243,634
Mortgage Loan ID#1000026051		4.84%	CA		274,870			242,763
Mortgage Loan ID#1000029034		2.00%	CA		497,578			242,025
Mortgage Loan ID#1000002066		3.00%	CA		615,451			241,117
Mortgage Loan ID#1000001611		7.24%	NY		605,000			239,400
Mortgage Loan ID#1000035519		5.25%	MA		464,304			239,324
Mortgage Loan ID#1000044114		5.55%	CA		333,822			238,958
Mortgage Loan ID#1000026005		4.38%	CA		302,122			237,919
Mortgage Loan ID#1000002120		6.88%	NJ		478,086			237,825
Mortgage Loan ID#1000043804		5.00%	NJ		510,446			236,117
Mortgage Loan ID#1000025800		2.88%	FL		436,509			234,308
Mortgage Loan ID#1000016786		7.13%	NY		384,213			233,759
Mortgage Loan ID#1000001404		3.00%	NY		653,157			233,293
Mortgage Loan ID#1000017154		2.00%	NJ		320,708			233,269
Mortgage Loan ID#1000034848		5.63%	NY		255,003			233,092
Mortgage Loan ID#1000016216		7.00%	NY		286,852			232,972
Mortgage Loan ID#1000029217		2.40%	VA		346,324			232,117
Mortgage Loan ID#1000029331		4.21%	NY		466,889			231,957
Mortgage Loan ID#1000028856		2.00%	NV		471,699			231,488
Mortgage Loan ID#1000003667		3.50%	MA		350,839			229,175
Mortgage Loan ID#1000025992		3.00%	CA		513,255			228,298
Mortgage Loan ID#1000002069		6.13%	CA		270,000			226,690
Mortgage Loan ID#1000043582		2.75%	TX		461,763			226,160
Mortgage Loan ID#1000016110		7.88%	FL		286,771			225,752
Mortgage Loan ID#1000035218		8.86%	NY		214,846			225,588
Mortgage Loan ID#1000044147		2.00%	NY		371,577			225,483
Mortgage Loan ID#1000026012		4.88%	CA		333,191			225,401
Mortgage Loan ID#1000017505		3.50%	FL		242,480			224,156
Mortgage Loan ID#1000015500		7.50%	NY		504,000			222,719
Mortgage Loan ID#1000026597		5.63%	AZ		248,469			222,677
Mortgage Loan ID#1000029165		6.00%	WA		321,677			222,077
Mortgage Loan ID#1000044014		2.00%	MD		578,257			220,922
Mortgage Loan ID#1000002029		3.13%	CA		275,513			220,816
Mortgage Loan ID#1000002199		2.00%	NJ		490,727			218,874
Mortgage Loan ID#1000044110		7.50%	NY		217,575			217,207
Mortgage Loan ID#1000017367		2.75%	CO		298,058			215,565
Mortgage Loan ID#1000003884		2.63%	MA		278,775			215,374
Mortgage Loan ID#1000026413		5.13%	MA		352,241			214,007
Mortgage Loan ID#1000043164		2.63%	AZ		305,838			213,787
Mortgage Loan ID#1000044205		7.60%	MA		315,089			211,708
Mortgage Loan ID#1000017045		10.38%	MA		201,549			211,627
Mortgage Loan ID#1000002320		3.13%	AZ		401,845			211,379
Mortgage Loan ID#1000028953		9.10%	FL		233,596			210,247
Mortgage Loan ID#1000043641		6.38%	NY		504,303			209,654
Mortgage Loan ID#1000001463		4.98%	CA		545,510			209,441
Mortgage Loan ID#1000026229		2.00%	RI		320,880			208,817
Mortgage Loan ID#1000002153		2.00%	NV		538,243			208,444
Mortgage Loan ID#1000027962		6.00%	CA		248,342			208,318
Mortgage Loan ID#1000001509		3.00%	NY		602,954			206,887
Mortgage Loan ID#1000001455		6.00%	FL		255,902			206,629
Mortgage Loan ID#1000003614		4.25%	MA		386,628			205,721
Mortgage Loan ID#1000035744		3.00%	CA		232,230			205,698
Mortgage Loan ID#1000016758		6.80%	FL		364,363			205,524
Mortgage Loan ID#1000027997		5.38%	VA		225,937			205,441
Mortgage Loan ID#1000015152		5.88%	NY		468,750			204,948
Mortgage Loan ID#1000038468		6.13%	NY		531,936			203,957
Mortgage Loan ID#1000000697		9.00%	FL		527,100			203,585
Mortgage Loan ID#1000003926		3.88%	MA		336,278			202,817
Mortgage Loan ID#1000017521		2.00%	MD		501,029			202,395
Mortgage Loan ID#1000017230		4.13%	NY		263,576			201,847
Mortgage Loan ID#1000043850		8.73%	FL		277,812			201,661
Mortgage Loan ID#1000025961		4.63%	MO		315,025			200,549
Mortgage Loan ID#1000002378		4.33%	NY		369,586			200,049
Mortgage Loan ID#1000015317		2.00%	VA		286,294			200,028
Mortgage Loan ID#1000043399		4.13%	TX		229,674			199,681
Mortgage Loan ID#1000000896		7.38%	CA		260,000			199,523
Mortgage Loan ID#1000043637		7.38%	NY		250,260			199,264
Mortgage Loan ID#1000002332		7.88%	NY		360,000			199,085
Mortgage Loan ID#1000043867		8.64%	FL		308,070			198,262
Mortgage Loan ID#1000000538		5.75%	IL		299,999			198,205
Mortgage Loan ID#1000043261		8.00%	NJ		288,028			197,055
Mortgage Loan ID#1000000644		6.25%	VA		358,530			196,855
Mortgage Loan ID#1000001355		2.38%	FL		262,001			196,665
Mortgage Loan ID#1000028864		2.00%	CA		447,177			195,941
Mortgage Loan ID#1000026006		7.00%	WA		201,501			195,545
Mortgage Loan ID#1000001449		2.00%	CA		279,093			191,859
Mortgage Loan ID#1000029234		3.51%	IL		305,804			190,478
Mortgage Loan ID#1000029065		3.00%	CA		403,237			190,330
Mortgage Loan ID#1000001996		9.00%	PA		191,225			190,074
Mortgage Loan ID#1000026282		3.63%	VA		355,960			189,928
Mortgage Loan ID#1000000938		2.63%	CA		295,193			189,454
Mortgage Loan ID#1000034758		5.88%	WA		210,086			189,146
Mortgage Loan ID#1000043895		3.25%	MA		276,553			187,566
Mortgage Loan ID#1000029231		4.13%	IL		657,024			187,290
Mortgage Loan ID#1000035357		4.13%	NY		239,659			187,288
Mortgage Loan ID#1000026658		2.00%	NY		352,140			186,433
Mortgage Loan ID#1000028059		5.13%	MD		485,167			186,255
Mortgage Loan ID#1000029131		7.39%	FL		217,567			186,247
Mortgage Loan ID#1000027243		2.50%	CA		380,135			185,693
Mortgage Loan ID#1000000293		4.25%	VT		470,564			185,644
Mortgage Loan ID#1000028936		5.00%	NY		412,579			185,508
Mortgage Loan ID#1000026034		3.00%	CA		303,666			185,355
Mortgage Loan ID#1000003529		2.00%	GA		362,451			184,605
Mortgage Loan ID#1000002116		8.63%	NY		450,000			183,762
Mortgage Loan ID#1000015904		2.00%	NJ		370,295			183,430
Mortgage Loan ID#1000028224		6.00%	NY		209,009			181,516
Mortgage Loan ID#1000001610		9.38%	NY		347,672			179,964
Mortgage Loan ID#1000001580		3.00%	FL		495,720			179,156
Mortgage Loan ID#1000026024		2.00%	CA		326,127			178,092
Mortgage Loan ID#1000001616		7.38%	NJ		364,000			177,923
Mortgage Loan ID#1000043503		8.49%	NJ		201,435			177,766
Mortgage Loan ID#1000026003		3.00%	FL		210,128			177,696
Mortgage Loan ID#1000025940		3.00%	NH		263,931			177,384
Mortgage Loan ID#1000029254		9.50%	FL		434,175			177,176
Mortgage Loan ID#1000000399		5.75%	NJ		215,725			177,045
Mortgage Loan ID#1000002062		4.88%	NY		368,466			176,748
Mortgage Loan ID#1000001588		9.25%	NY		368,791	��		176,695
Mortgage Loan ID#1000001683		8.33%	TX		192,247			176,626
Mortgage Loan ID#1000029196		2.00%	CA		386,520			175,829
Mortgage Loan ID#1000027641		4.88%	NJ		240,000			175,351
Mortgage Loan ID#1000002021		3.13%	NY		222,303			174,640
Mortgage Loan ID#1000028937		2.00%	NY		426,650			174,560
Mortgage Loan ID#1000035646		7.99%	OR		207,000			174,504
Mortgage Loan ID#1000043875		2.75%	NC		197,093			173,520
Mortgage Loan ID#1000000995		5.98%	VA		277,467			173,091
Mortgage Loan ID#1000026149		7.13%	NJ		177,901			171,919
Mortgage Loan ID#1000026022		3.00%	NV		371,846			171,539
Mortgage Loan ID#1000016152		5.75%	NY		101,254			171,140
Mortgage Loan ID#1000029151		9.35%	FL		270,872			170,398
Mortgage Loan ID#1000029147		2.06%	FL		216,957			169,394
Mortgage Loan ID#1000002101		2.00%	CA		437,635			169,130
Mortgage Loan ID#1000026028		2.43%	CA		303,472			168,544
Mortgage Loan ID#1000027181		6.50%	FL		562,500			168,178
Mortgage Loan ID#1000028891		3.88%	VA		259,965			167,954
Mortgage Loan ID#1000001594		5.00%	FL		475,662			167,672
Mortgage Loan ID#1000015960		4.00%	OR		202,572			167,631
Mortgage Loan ID#1000028857		7.75%	NY		455,000			166,677
Mortgage Loan ID#1000043885		4.48%	MA		477,742			166,101
Mortgage Loan ID#1000043815		4.75%	NY		198,305			165,851
Mortgage Loan ID#1000002215		7.88%	NC		205,684			165,458
Mortgage Loan ID#1000035642		4.07%	CO		287,709			165,343
Mortgage Loan ID#1000044249		7.05%	CT		202,531			164,133
Mortgage Loan ID#1000002363		5.88%	NM		273,792			160,905
Mortgage Loan ID#1000029042		4.88%	PA		583,352			160,887
Mortgage Loan ID#1000027174		4.25%	MA		338,814			160,131
Mortgage Loan ID#1000028428		4.00%	CT		203,365			160,080
Mortgage Loan ID#1000029356		2.00%	CA		388,507			159,358
Mortgage Loan ID#1000043429		6.88%	IL		260,332			159,287
Mortgage Loan ID#1000035256		2.58%	CA		236,560			159,281
Mortgage Loan ID#1000026356		8.10%	MD		294,756			158,860
Mortgage Loan ID#1000025801		7.88%	FL		284,651			158,470
Mortgage Loan ID#1000001022		8.50%	FL		204,040			158,176
Mortgage Loan ID#1000001247		2.00%	OH		269,218			158,134
Mortgage Loan ID#1000043656		6.50%	DC		228,791			158,040
Mortgage Loan ID#1000003527		4.00%	MD		386,803			157,621
Mortgage Loan ID#1000003663		8.25%	WI		192,001			157,255
Mortgage Loan ID#1000000658		5.00%	NY		270,985			157,122
Mortgage Loan ID#1000001621		8.00%	NJ		385,884			156,773
Mortgage Loan ID#1000028805		2.00%	NY		466,883			156,673
Mortgage Loan ID#1000015325		4.00%	CT		206,434			156,329
Mortgage Loan ID#1000043516		3.25%	NJ		286,664			155,216
Mortgage Loan ID#1000017341		2.00%	WA		�� 222,823			154,324
Mortgage Loan ID#1000034994		6.63%	NJ		148,782			153,451
Mortgage Loan ID#1000025949		3.88%	CA		337,988			153,436
Mortgage Loan ID#1000002377		4.00%	CA		208,322			152,876
Mortgage Loan ID#1000001442		2.00%	NJ		275,151			152,582
Mortgage Loan ID#1000028919		4.13%	NM		267,287			152,508
Mortgage Loan ID#1000026604		2.00%	GA		170,832			151,701
Mortgage Loan ID#1000038481		2.00%	NJ		265,948			151,662
Mortgage Loan ID#1000044113		6.90%	FL		148,553			151,454
Mortgage Loan ID#1000017183		4.00%	FL		291,247			151,060
Mortgage Loan ID#1000028441		5.00%	FL		245,592			149,959
Mortgage Loan ID#1000015627		6.75%	NY		179,970			149,599
Mortgage Loan ID#1000026656		2.00%	GA		542,530			149,104
Mortgage Loan ID#1000001614		8.50%	NY		328,000			148,999
Mortgage Loan ID#1000029367		7.00%	NY		450,400			148,868
Mortgage Loan ID#1000002011		2.00%	FL		484,928			148,757
Mortgage Loan ID#1000016797		6.99%	NJ		154,748			148,452
Mortgage Loan ID#1000036021		2.00%	NY		313,646			147,552
Mortgage Loan ID#1000002340		4.45%	DC		213,060			146,533
Mortgage Loan ID#1000001619		2.00%	CA		183,871			146,448
Mortgage Loan ID#1000002200		5.25%	FL		222,641			146,102
Mortgage Loan ID#1000027053		7.01%	NJ		259,171			146,088
Mortgage Loan ID#1000034828		6.63%	NJ		184,785			145,514
Mortgage Loan ID#1000028793		2.00%	NC		265,010			145,275
Mortgage Loan ID#1000044253		7.50%	PA		207,848			145,135
Mortgage Loan ID#1000017452		3.83%	AZ		173,981			144,686
Mortgage Loan ID#1000017411		7.75%	FL		188,077			144,547
Mortgage Loan ID#1000034880		6.75%	NJ		277,822			143,838
Mortgage Loan ID#1000001225		4.82%	FL		185,387			143,361
Mortgage Loan ID#1000001327		4.78%	CA		268,783			143,245
Mortgage Loan ID#1000003516		4.13%	MA		212,870			142,766
Mortgage Loan ID#1000001242		3.38%	NY		233,825			142,316
Mortgage Loan ID#1000034960		7.38%	UT		141,537			142,142
Mortgage Loan ID#1000028925		7.20%	FL		245,204			141,876
Mortgage Loan ID#1000017171		6.00%	GA		146,427			141,649
Mortgage Loan ID#1000000219		3.75%	IL		219,981			141,562
Mortgage Loan ID#1000003953		4.38%	RI		255,456			141,132
Mortgage Loan ID#1000034923		6.88%	FL		141,084			141,084
Mortgage Loan ID#1000028488		8.13%	NY		135,824			141,076
Mortgage Loan ID#1000002369		4.00%	NY		361,237			140,881
Mortgage Loan ID#1000026017		2.00%	CA		319,900			140,790
Mortgage Loan ID#1000015919		4.50%	FL		304,416			140,472
Mortgage Loan ID#1000002002		2.00%	IL		258,957			140,299
Mortgage Loan ID#1000015875		2.00%	NY		197,240			140,284
Mortgage Loan ID#1000028949		3.00%	FL		193,214			140,005
Mortgage Loan ID#1000029137		2.00%	FL		234,861			139,699
Mortgage Loan ID#1000043686		2.00%	FL		219,196			139,134
Mortgage Loan ID#1000017081		6.75%	WA		146,388			138,624
Mortgage Loan ID#1000017267		7.99%	NY		156,361			138,461
Mortgage Loan ID#1000002009		3.00%	NJ		347,793			138,381
Mortgage Loan ID#1000028410		7.85%	SC		134,536			138,099
Mortgage Loan ID#1000029345		2.00%	ME		250,579			137,091
Mortgage Loan ID#1000015452		4.00%	MO		239,505			137,051
Mortgage Loan ID#1000028998		8.28%	FL		227,050			136,822
Mortgage Loan ID#1000029329		5.50%	KS		204,337			136,008
Mortgage Loan ID#1000028883		7.00%	FL		262,400			135,762
Mortgage Loan ID#1000002310		6.00%	ME		223,787			135,461
Mortgage Loan ID#1000003623		3.13%	MA		251,222			135,289
Mortgage Loan ID#1000015280		4.13%	PA		255,048			135,243
Mortgage Loan ID#1000026196		9.45%	MA		253,716			135,043
Mortgage Loan ID#1000002088		7.63%	NJ		338,947			134,694
Mortgage Loan ID#1000002040		4.00%	NC		198,973			134,670
Mortgage Loan ID#1000000662		4.13%	MN		230,231			134,315
Mortgage Loan ID#1000043979		2.00%	WA		177,682			133,785
Mortgage Loan ID#1000001995		7.00%	NY		216,015			133,784
Mortgage Loan ID#1000025982		7.50%	TX		133,526			133,404
Mortgage Loan ID#1000027353		2.00%	NY		265,976			132,883
Mortgage Loan ID#1000003668		3.00%	MD		345,499			132,868
Mortgage Loan ID#1000029089		9.00%	WA		191,021			132,180
Mortgage Loan ID#1000038507		6.38%	FL		300,000			132,061
Mortgage Loan ID#1000026056		6.00%	OR		155,322			131,919
Mortgage Loan ID#1000028317		8.13%	MD		125,540			131,817
Mortgage Loan ID#1000016457		8.00%	IL		226,931			131,494
Mortgage Loan ID#1000029044		5.00%	NJ		277,927			131,241
Mortgage Loan ID#1000001999		8.25%	NJ		274,345			130,724
Mortgage Loan ID#1000025985		4.78%	TX		124,338			130,479
Mortgage Loan ID#1000026182		4.75%	CA		228,476			130,388
Mortgage Loan ID#1000029198		5.13%	CA		316,575			130,335
Mortgage Loan ID#1000001064		5.90%	FL		198,266			130,330
Mortgage Loan ID#1000027676		2.00%	PA		183,318			130,090
Mortgage Loan ID#1000044258		4.00%	MA		390,105			129,119
Mortgage Loan ID#1000044265		7.99%	OR		180,439			128,970
Mortgage Loan ID#1000026019		2.00%	MD		181,163			128,548
Mortgage Loan ID#1000043544		2.50%	OH		179,019			128,545
Mortgage Loan ID#1000003863		8.63%	MD		163,362			128,436
Mortgage Loan ID#1000001937		7.88%	TX		140,917			127,833
Mortgage Loan ID#1000035995		3.00%	WA		208,543			127,805
Mortgage Loan ID#1000000439		4.88%	AL		316,769			127,622
Mortgage Loan ID#1000038587		3.00%	PA		212,869			127,470
Mortgage Loan ID#1000001346		2.38%	TX		161,319			127,359
Mortgage Loan ID#1000044104		2.50%	TX		156,236			127,137
Mortgage Loan ID#1000003858		2.63%	GA		155,747			126,952
Mortgage Loan ID#1000015271		3.00%	IN		178,608			126,912
Mortgage Loan ID#1000017375		5.00%	MO		175,039			125,258
Mortgage Loan ID#1000044250		8.65%	NM		240,714			124,832
Mortgage Loan ID#1000017330		5.02%	CT		209,804			124,221
Mortgage Loan ID#1000017455		5.88%	SC		134,825			124,091
Mortgage Loan ID#1000028173		5.83%	WA		162,457			123,855
Mortgage Loan ID#1000043289		5.50%	IL		219,034			123,230
Mortgage Loan ID#1000035869		4.00%	MS		153,959			123,198
Mortgage Loan ID#1000028474		4.88%	TX		140,683			123,047
Mortgage Loan ID#1000017068		4.00%	MD		204,325			122,613
Mortgage Loan ID#1000015617		7.55%	FL		187,903			122,474
Mortgage Loan ID#1000003647		2.00%	MI		291,049			122,415
Mortgage Loan ID#1000001915		7.75%	AZ		133,621			121,704
Mortgage Loan ID#1000043476		8.17%	NV		161,986			121,335
Mortgage Loan ID#1000043731		3.75%	NJ		206,001			121,307
Mortgage Loan ID#1000026007		4.51%	AZ		139,632			121,232
Mortgage Loan ID#1000000611		7.25%	NY		131,953			120,761
Mortgage Loan ID#1000044160		5.13%	OH		170,589			120,674
Mortgage Loan ID#1000029206		11.38%	NY		188,360			120,323
Mortgage Loan ID#1000029134		2.00%	FL		283,231			120,320
Mortgage Loan ID#1000016437		7.95%	IL		133,766			120,111
Mortgage Loan ID#1000026938		7.64%	NY		172,657			119,403
Mortgage Loan ID#1000043563		3.88%	FL		226,301			119,017
Mortgage Loan ID#1000001596		8.83%	NY		408,500			118,792
Mortgage Loan ID#1000001912		5.00%	FL		177,505			118,612
Mortgage Loan ID#1000001369		6.80%	IL		309,379			118,064
Mortgage Loan ID#1000016611		5.88%	IL		207,774			117,898
Mortgage Loan ID#1000017474		3.00%	IL		279,435			117,525
Mortgage Loan ID#1000001940		4.00%	NV		241,454			117,470
Mortgage Loan ID#1000001431		4.13%	NY		203,807			117,316
Mortgage Loan ID#1000026014		3.25%	OR		207,377			117,101
Mortgage Loan ID#1000001920		7.00%	AZ		126,510			116,833
Mortgage Loan ID#1000025967		9.25%	PA		112,054			116,822
Mortgage Loan ID#1000017513		4.13%	MA		185,639			116,715
Mortgage Loan ID#1000001966		2.00%	CT		249,305			116,496
Mortgage Loan ID#1000017245		7.89%	CA		152,951			115,986
Mortgage Loan ID#1000026021		3.00%	IL		262,602			115,980
Mortgage Loan ID#1000026016		2.00%	NM		246,338			115,917
Mortgage Loan ID#1000029258		8.00%	PA		115,263			115,680
Mortgage Loan ID#1000043360		7.95%	FL		165,439			115,519
Mortgage Loan ID#1000028960		8.25%	NY		314,675			115,496
Mortgage Loan ID#1000027985		4.88%	TN		156,208			115,495
Mortgage Loan ID#1000028216		6.38%	NJ		434,361			115,393
Mortgage Loan ID#1000035314		2.84%	MD		218,926			115,364
Mortgage Loan ID#1000026546		5.00%	VA		150,364			115,297
Mortgage Loan ID#1000043217		5.13%	OH		128,695			114,837
Mortgage Loan ID#1000043469		4.13%	PA		155,332			114,831
Mortgage Loan ID#1000044215		4.00%	TX		136,785			114,753
Mortgage Loan ID#1000026109		5.99%	MA		222,625			114,618
Mortgage Loan ID#1000027466		8.40%	NJ		283,206			114,544
Mortgage Loan ID#1000028969		6.00%	MD		184,196			114,245
Mortgage Loan ID#1000001259		3.75%	FL		373,756			114,177
Mortgage Loan ID#1000001271		4.00%	NJ		261,049			113,676
Mortgage Loan ID#1000035724		2.00%	CA		198,299			113,653
Mortgage Loan ID#1000001943		5.80%	MT		149,556			113,236
Mortgage Loan ID#1000001949		7.13%	NJ		195,145			113,199
Mortgage Loan ID#1000002289		6.00%	AZ		143,428			113,191
Mortgage Loan ID#1000026254		3.50%	VA		409,382			113,068
Mortgage Loan ID#1000001608		7.88%	NY		464,000			112,919
Mortgage Loan ID#1000003856		2.63%	AR		134,166			112,490
Mortgage Loan ID#1000028894		3.88%	FL		297,100			111,558
Mortgage Loan ID#1000029283		3.25%	NY		322,193			111,133
Mortgage Loan ID#1000035666		7.62%	NY		122,900			111,104
Mortgage Loan ID#1000001904		7.63%	TX		121,633			110,785
Mortgage Loan ID#1000017335		2.63%	VA		248,286			110,636
Mortgage Loan ID#1000015866		2.00%	PA		207,144			110,319
Mortgage Loan ID#1000034988		2.00%	FL		187,490			110,307
Mortgage Loan ID#1000027349		6.85%	CO		159,182			109,653
Mortgage Loan ID#1000034882		6.38%	NJ		202,992			109,491
Mortgage Loan ID#1000017485		6.80%	OH		113,338			109,477
Mortgage Loan ID#1000043284		7.75%	FL		161,248			108,638
Mortgage Loan ID#1000016888		2.00%	WI		140,490			108,618
Mortgage Loan ID#1000026110		2.00%	SC		233,587			108,460
Mortgage Loan ID#1000027040		2.00%	AL		205,208			108,173
Mortgage Loan ID#1000003489		7.13%	WI		125,013			107,887
Mortgage Loan ID#1000000706		2.63%	FL		231,992			107,618
Mortgage Loan ID#1000043594		7.90%	IN		135,622			107,483
Mortgage Loan ID#1000038508		4.50%	NJ		234,727			106,995
Mortgage Loan ID#1000043414		4.38%	NC		132,596			106,937
Mortgage Loan ID#1000038567		6.13%	ME		113,471			106,845
Mortgage Loan ID#1000036067		6.95%	MD		108,276			106,795
Mortgage Loan ID#1000002963		12.00%	AZ		115,551			106,738
Mortgage Loan ID#1000043180		3.00%	NJ		240,494			106,250
Mortgage Loan ID#1000014966		2.00%	MD		182,043			105,416
Mortgage Loan ID#1000001344		2.00%	FL		258,459			104,992
Mortgage Loan ID#1000029143		4.00%	PA		139,938			104,964
Mortgage Loan ID#1000028957		3.75%	CO		174,790			104,753
Mortgage Loan ID#1000000381		8.63%	NJ		255,000			104,725
Mortgage Loan ID#1000044020		3.40%	IL		180,496			104,529
Mortgage Loan ID#1000029409		4.84%	CA		123,828			104,472
Mortgage Loan ID#1000017460		7.00%	FL		234,309			104,330
Mortgage Loan ID#1000028865		7.40%	FL		161,600			104,287
Mortgage Loan ID#1000015924		7.51%	FL		164,700			104,162
Mortgage Loan ID#1000001928		6.38%	CO		122,070			104,141
Mortgage Loan ID#1000002359		8.63%	NY		259,846			104,102
Mortgage Loan ID#1000028256		9.82%	IL		179,064			103,912
Mortgage Loan ID#1000028995		2.00%	PA		349,024			103,306
Mortgage Loan ID#1000015336		8.26%	MN		112,622			103,033
Mortgage Loan ID#1000027454		3.88%	NJ		345,428			103,006
Mortgage Loan ID#1000035041		6.25%	NJ		242,563			102,718
Mortgage Loan ID#1000028798		4.84%	OH		126,594			102,683
Mortgage Loan ID#1000026752		4.75%	OH		190,458			102,289
Mortgage Loan ID#1000044181		6.75%	MI		137,148			101,795
Mortgage Loan ID#1000035732		4.13%	OR		144,208			101,714
Mortgage Loan ID#1000043833		6.38%	NY		115,112			101,198
Mortgage Loan ID#1000001948		7.63%	VA		122,130			100,824
Mortgage Loan ID#1000028502		7.50%	MD		98,262			100,785
Mortgage Loan ID#1000028156		5.99%	NJ		171,886			100,604
Mortgage Loan ID#1000017383		3.88%	TX		160,108			100,235
Mortgage Loan ID#1000034776		5.00%	IN		139,368			99,928
Mortgage Loan ID#1000035033		7.00%	NJ		152,649			99,662
Mortgage Loan ID#1000043977		9.79%	TX		127,373			99,370
Mortgage Loan ID#1000016883		8.40%	NJ		151,309			99,157
Mortgage Loan ID#1000027668		2.63%	OH		157,430			99,069
Mortgage Loan ID#1000001983		5.00%	FL		136,046			98,761
Mortgage Loan ID#1000026667		6.40%	MI		141,536			98,744
Mortgage Loan ID#1000016038		6.99%	DE		152,305			98,617
Mortgage Loan ID#1000026049		3.88%	FL		234,564			98,614
Mortgage Loan ID#1000025973		3.00%	PA		299,007			98,111
Mortgage Loan ID#1000017468		2.00%	NJ		175,653			97,917
Mortgage Loan ID#1000028922		4.13%	PA		216,589			97,830
Mortgage Loan ID#1000044209		4.00%	LA		106,260			97,805
Mortgage Loan ID#1000001326		3.75%	FL		135,257			97,106
Mortgage Loan ID#1000026749		7.92%	MI		148,889			97,091
Mortgage Loan ID#1000015963		2.63%	FL		166,400			97,046
Mortgage Loan ID#1000017418		3.75%	FL		211,982			96,701
Mortgage Loan ID#1000027403		5.38%	WI		202,915			96,538
Mortgage Loan ID#1000029115		2.00%	CA		371,515			96,346
Mortgage Loan ID#1000043320		4.88%	WI		208,536			96,267
Mortgage Loan ID#1000015608		4.00%	FL		125,254			95,808
Mortgage Loan ID#1000001066		9.50%	FL		203,067			95,416
Mortgage Loan ID#1000028177		4.13%	PA		135,377			95,061
Mortgage Loan ID#1000026334		5.13%	MD		202,000			94,946
Mortgage Loan ID#1000001569		2.00%	FL		228,601			94,655
Mortgage Loan ID#1000028902		10.25%	PA		98,962			94,337
Mortgage Loan ID#1000025964		4.13%	PA		116,339			94,247
Mortgage Loan ID#1000043128		6.86%	NJ		102,661			94,160
Mortgage Loan ID#1000035224		6.78%	NY		117,909			94,076
Mortgage Loan ID#1000026719		2.88%	TX		153,479			93,272
Mortgage Loan ID#1000003513		2.38%	GA		136,576			93,268
Mortgage Loan ID#1000029109		7.50%	IL		117,500			92,929
Mortgage Loan ID#1000029316		8.45%	TX		90,910			92,611
Mortgage Loan ID#1000026058		6.13%	TX		131,862			92,570
Mortgage Loan ID#1000029341		4.00%	MD		150,172			91,958
Mortgage Loan ID#1000015314		3.25%	IN		126,819			91,815
Mortgage Loan ID#1000025934		6.50%	TN		119,057			91,796
Mortgage Loan ID#1000035479		7.95%	FL		182,472			91,311
Mortgage Loan ID#1000029011		6.05%	MI		162,342			91,041
Mortgage Loan ID#1000029219		2.50%	FL		198,882			91,040
Mortgage Loan ID#1000027808		3.00%	GA		161,040			90,946
Mortgage Loan ID#1000028465		4.80%	OR		127,615			90,798
Mortgage Loan ID#1000044087		6.06%	MO		178,600			90,712
Mortgage Loan ID#1000017458		4.25%	VA		157,042			90,542
Mortgage Loan ID#1000027341		8.55%	TX		98,697			90,399
Mortgage Loan ID#1000043555		5.38%	NC		157,699			90,368
Mortgage Loan ID#1000043411		2.00%	MA		215,064			90,227
Mortgage Loan ID#1000026336		8.55%	PA		139,002			90,150
Mortgage Loan ID#1000001840		4.86%	MN		163,144			89,926
Mortgage Loan ID#1000000903		7.38%	CA		135,000			89,481
Mortgage Loan ID#1000027397		2.00%	CT		260,453			89,332
Mortgage Loan ID#1000001961		5.00%	CT		188,713			89,313
Mortgage Loan ID#1000015578		7.50%	GA		142,073			89,042
Mortgage Loan ID#1000043137		7.85%	FL		101,296			88,870
Mortgage Loan ID#1000035535		3.00%	LA		119,298			88,776
Mortgage Loan ID#1000043380		8.69%	TN		121,441			88,610
Mortgage Loan ID#1000028008		7.13%	AL		107,643			88,362
Mortgage Loan ID#1000015566		2.00%	FL		167,213			88,233
Mortgage Loan ID#1000044151		4.00%	PA		167,835			87,977
Mortgage Loan ID#1000025959		2.25%	KS		155,906			87,870
Mortgage Loan ID#1000026516		5.25%	CT		195,634			87,729
Mortgage Loan ID#1000001521		2.00%	NE		118,722			87,560
Mortgage Loan ID#1000027258		8.25%	AL		117,766			87,366
Mortgage Loan ID#1000001924		5.00%	WA		231,759			87,297
Mortgage Loan ID#1000026553		2.00%	IL		285,953			87,186
Mortgage Loan ID#1000001827		8.50%	IN		104,184			86,953
Mortgage Loan ID#1000043752		6.99%	OK		90,080			86,549
Mortgage Loan ID#1000043416		5.00%	CT		257,116			86,384
Mortgage Loan ID#1000017401		2.00%	IN		110,252			86,257
Mortgage Loan ID#1000043746		4.88%	CT		169,505			85,975
Mortgage Loan ID#1000003880		7.38%	MA		263,504			85,929
Mortgage Loan ID#1000027400		7.75%	NY		229,668			85,734
Mortgage Loan ID#1000027437		9.69%	NY		114,538			85,494
Mortgage Loan ID#1000026002		2.00%	CT		159,251			85,450
Mortgage Loan ID#1000003971		4.50%	MI		233,579			85,432
Mortgage Loan ID#1000003508		4.00%	GA		115,164			84,720
Mortgage Loan ID#1000017525		4.00%	MD		170,797			84,638
Mortgage Loan ID#1000035629		3.00%	DE		176,492			84,607
Mortgage Loan ID#1000043462		8.96%	NY		168,495			84,550
Mortgage Loan ID#1000043550		6.88%	NJ		193,444			84,298
Mortgage Loan ID#1000044296		4.50%	IL		331,189			84,140
Mortgage Loan ID#1000017321		5.15%	MD		178,133			84,019
Mortgage Loan ID#1000043304		9.59%	IL		121,557			83,980
Mortgage Loan ID#1000043400		7.99%	OH		140,107			83,894
Mortgage Loan ID#1000043863		3.00%	IL		173,654			83,707
Mortgage Loan ID#1000029008		2.00%	FL		314,834			83,259
Mortgage Loan ID#1000001830		3.00%	NV		161,021			83,225
Mortgage Loan ID#1000001464		2.00%	IL		256,155			82,926
Mortgage Loan ID#1000028931		2.00%	CT		226,749			82,754
Mortgage Loan ID#1000016053		9.25%	ME		119,370			82,652
Mortgage Loan ID#1000017342		5.75%	FL		240,241			82,459
Mortgage Loan ID#1000029027		4.63%	AZ		308,787			82,245
Mortgage Loan ID#1000029135		7.65%	IL		150,999			82,172
Mortgage Loan ID#1000043946		2.00%	MA		160,716			82,088
Mortgage Loan ID#1000043257		4.00%	FL		191,030			82,027
Mortgage Loan ID#1000016347		3.75%	OH		141,559			82,009
Mortgage Loan ID#1000003512		3.13%	GA		102,735			81,900
Mortgage Loan ID#1000027869		3.25%	LA		183,007			81,865
Mortgage Loan ID#1000001921		7.75%	VA		131,448			81,786
Mortgage Loan ID#1000027991		8.89%	GA		166,641			81,729
Mortgage Loan ID#1000016194		6.88%	NY		89,843			81,697
Mortgage Loan ID#1000043827		7.61%	PA		127,608			81,672
Mortgage Loan ID#1000001910		3.00%	NV		244,873			81,279
Mortgage Loan ID#1000035194		9.38%	RI		298,641			81,006
Mortgage Loan ID#1000029186		3.00%	FL		209,459			80,562
Mortgage Loan ID#1000027480		7.84%	FL		183,257			80,343
Mortgage Loan ID#1000043561		4.13%	AZ		180,714			80,215
Mortgage Loan ID#1000035205		2.59%	CO		144,459			80,174
Mortgage Loan ID#1000017039		3.00%	FL		257,332			79,718
Mortgage Loan ID#1000028848		2.00%	RI		325,033			79,677
Mortgage Loan ID#1000003627		3.00%	WI		161,713			79,615
Mortgage Loan ID#1000026556		9.10%	FL		135,516			79,391
Mortgage Loan ID#1000029180		8.60%	OH		143,347			78,864
Mortgage Loan ID#1000001128		5.00%	FL		121,690			78,794
Mortgage Loan ID#1000000440		2.63%	TX		91,155			78,686
Mortgage Loan ID#1000034925		2.00%	FL		246,669			78,620
Mortgage Loan ID#1000026583		2.00%	MD		314,022			78,510
Mortgage Loan ID#1000001793		8.50%	NY		86,238			78,256
Mortgage Loan ID#1000035363		2.60%	CA		87,914			78,170
Mortgage Loan ID#1000038454		6.50%	NJ		127,627			78,092
Mortgage Loan ID#1000028191		4.50%	PA		176,017			77,802
Mortgage Loan ID#1000028235		2.00%	MN		146,140			77,276
Mortgage Loan ID#1000000226		2.00%	AZ		164,170			77,270
Mortgage Loan ID#1000027380		4.00%	TX		102,906			77,063
Mortgage Loan ID#1000043722		6.88%	PA		91,882			76,963
Mortgage Loan ID#1000029162		7.50%	LA		119,965			76,151
Mortgage Loan ID#1000044193		4.00%	NC		178,252			75,673
Mortgage Loan ID#1000028487		5.13%	TN		123,125			75,533
Mortgage Loan ID#1000016574		6.25%	IL		160,406			75,433
Mortgage Loan ID#1000043928		7.99%	TX		105,703			75,249
Mortgage Loan ID#1000027754		4.85%	WA		232,573			75,090
Mortgage Loan ID#1000001265		3.00%	FL		267,940			75,048
Mortgage Loan ID#1000027534		7.75%	FL		358,907			74,888
Mortgage Loan ID#1000028909		2.00%	CA		225,324			74,654
Mortgage Loan ID#1000026256		8.75%	FL		143,301			74,137
Mortgage Loan ID#1000043575		5.88%	NY		177,408			73,919
Mortgage Loan ID#1000015282		2.00%	LA		128,818			73,707
Mortgage Loan ID#1000038532		7.88%	IL		148,505			73,664
Mortgage Loan ID#1000025970		7.00%	SD		84,016			73,624
Mortgage Loan ID#1000001800		7.88%	NY		103,649			73,509
Mortgage Loan ID#1000015257		4.00%	PA		130,313			73,364
Mortgage Loan ID#1000028440		2.00%	NY		119,679			73,301
Mortgage Loan ID#1000028832		4.58%	FL		601,406			73,244
Mortgage Loan ID#1000026384		4.00%	MN		152,568			73,187
Mortgage Loan ID#1000027941		8.75%	GA		189,174			72,885
Mortgage Loan ID#1000026614		4.88%	NC		146,473			72,877
Mortgage Loan ID#7000004746		4.75%	CA		94,264			72,761
Mortgage Loan ID#1000029010		2.00%	FL		123,636			72,696
Mortgage Loan ID#1000015261		4.88%	PA		118,868			72,601
Mortgage Loan ID#1000001909		5.00%	SC		207,600			72,558
Mortgage Loan ID#1000027381		11.50%	NC		68,615			72,046
Mortgage Loan ID#1000017362		5.25%	NY		117,135			71,835
Mortgage Loan ID#1000035844		5.75%	SC		231,898			71,817
Mortgage Loan ID#1000044116		6.95%	NJ		152,610			71,802
Mortgage Loan ID#1000017351		2.88%	KS		88,342			71,289
Mortgage Loan ID#1000029163		5.40%	PA		100,541			71,212
Mortgage Loan ID#1000043950		9.70%	OR		183,348			70,797
Mortgage Loan ID#1000016520		4.38%	FL		81,078			70,741
Mortgage Loan ID#1000015565		8.70%	NY		67,138			70,495
Mortgage Loan ID#1000044235		6.85%	NJ		90,853			70,437
Mortgage Loan ID#1000017447		8.15%	AL		66,816			70,157
Mortgage Loan ID#1000029122		4.75%	FL		167,763			69,919
Mortgage Loan ID#1000015277		4.88%	MD		95,823			69,872
Mortgage Loan ID#1000027365		2.00%	GA		117,163			69,859
Mortgage Loan ID#1000026200		4.00%	MA		244,148			69,639
Mortgage Loan ID#1000003477		2.00%	MS		125,614			69,609
Mortgage Loan ID#1000028406		7.50%	NY		90,270			69,009
Mortgage Loan ID#1000038442		4.13%	OK		147,888			68,856
Mortgage Loan ID#1000029422		7.30%	FL		191,565			68,625
Mortgage Loan ID#1000000563		8.99%	AZ		82,679			68,547
Mortgage Loan ID#1000027105		8.75%	OR		153,228			68,447
Mortgage Loan ID#1000002171		3.75%	NY		919,575			68,404
Mortgage Loan ID#1000026718		4.13%	AZ		205,156			67,949
Mortgage Loan ID#1000043409		5.15%	VA		107,497			67,916
Mortgage Loan ID#1000025968		7.50%	CA		183,306			67,846
Mortgage Loan ID#1000002006		7.75%	FL		75,001			67,794
Mortgage Loan ID#1000014981		4.82%	IL		117,456			67,324
Mortgage Loan ID#1000029060		2.00%	LA		101,261			67,228
Mortgage Loan ID#1000015272		7.83%	TX		63,849			67,041
Mortgage Loan ID#1000015651		8.70%	TX		63,833			67,005
Mortgage Loan ID#1000017526		2.00%	IA		89,232			66,616
Mortgage Loan ID#1000029423		2.40%	TX		93,025			65,140
Mortgage Loan ID#1000026544		7.25%	MA		213,353			64,759
Mortgage Loan ID#1000027656		6.00%	AZ		101,867			64,352
Mortgage Loan ID#1000029282		8.63%	CT		150,075			64,287
Mortgage Loan ID#1000028447		8.25%	NC		185,393			64,158
Mortgage Loan ID#1000014997		7.88%	NY		61,049			64,102
Mortgage Loan ID#1000044279		6.70%	TX		71,025			63,922
Mortgage Loan ID#1000026136		10.84%	GA		91,383			63,772
Mortgage Loan ID#1000003506		5.00%	MI		107,891			63,684
Mortgage Loan ID#1000029233		10.60%	FL		87,615			63,674
Mortgage Loan ID#1000025987		7.50%	WI		178,211			63,494
Mortgage Loan ID#1000028966		4.38%	ME		150,308			63,299
Mortgage Loan ID#1000025927		3.61%	ID		62,663			63,207
Mortgage Loan ID#1000001822		2.00%	FL		161,428			63,201
Mortgage Loan ID#1000027209		4.63%	IL		178,734			63,178
Mortgage Loan ID#1000028180		4.13%	PA		111,844			63,138
Mortgage Loan ID#1000001546		4.88%	NC		97,956			62,745
Mortgage Loan ID#1000015637		4.25%	AL		123,196			62,187
Mortgage Loan ID#1000034755		5.25%	OR		53,656			61,976
Mortgage Loan ID#1000026464		7.50%	WI		59,219			61,821
Mortgage Loan ID#1000000677		5.00%	FL		�� 145,506			61,502
Mortgage Loan ID#1000044152		5.00%	MO		72,477			61,476
Mortgage Loan ID#1000035249		9.00%	NY		58,168			61,076
Mortgage Loan ID#1000025958		4.13%	WI		130,269			60,191
Mortgage Loan ID#1000001968		5.00%	IL		133,383			60,033
Mortgage Loan ID#1000015930		8.00%	AZ		211,414			59,686
Mortgage Loan ID#1000028837		7.13%	OH		67,446			59,663
Mortgage Loan ID#1000015276		6.93%	PA		130,108			59,593
Mortgage Loan ID#1000029349		10.63%	FL		289,230			59,427
Mortgage Loan ID#1000027169		8.75%	NJ		96,438			59,412
Mortgage Loan ID#1000035990		2.00%	LA		146,852			59,365
Mortgage Loan ID#1000043627		4.63%	LA		130,145			59,244
Mortgage Loan ID#1000027625		4.88%	WI		170,894			58,948
Mortgage Loan ID#1000028840		3.19%	FL		209,736			58,811
Mortgage Loan ID#1000001233		2.00%	IL		164,938			58,767
Mortgage Loan ID#1000000426		2.63%	CO		145,574			58,238
Mortgage Loan ID#1000043618		6.88%	NY		275,497			57,932
Mortgage Loan ID#1000044075		11.99%	PA		61,921			57,157
Mortgage Loan ID#1000044196		7.99%	MD		148,017			56,632
Mortgage Loan ID#1000043981		2.00%	NC		123,646			56,564
Mortgage Loan ID#1000026230		7.25%	FL		78,703			56,376
Mortgage Loan ID#1000000621		4.50%	KY		104,945			56,005
Mortgage Loan ID#1000027352		7.88%	OH		94,569			55,879
Mortgage Loan ID#1000027361		7.45%	LA		57,203			55,626
Mortgage Loan ID#1000000376		11.13%	NY		53,400			55,575
Mortgage Loan ID#1000043222		3.50%	CA		60,529			55,458
Mortgage Loan ID#1002229098		8.00%	GA		56,503			55,021
Mortgage Loan ID#1000016908		5.00%	CA		69,952			54,636
Mortgage Loan ID#1000015260		4.00%	GA		93,351			54,547
Mortgage Loan ID#1000043995		2.00%	IL		307,220			54,406
Mortgage Loan ID#1000015563		4.00%	LA		68,686			54,369
Mortgage Loan ID#1000016784		8.25%	FL		197,654			54,179
Mortgage Loan ID#1000044223		8.55%	OK		82,868			53,974
Mortgage Loan ID#1000015268		4.85%	FL		159,583			53,736
Mortgage Loan ID#1000025947		4.25%	KS		72,303			53,656
Mortgage Loan ID#1000026554		10.68%	GA		50,933			53,480
Mortgage Loan ID#7000044223		4.25%	CA		185,718			53,440
Mortgage Loan ID#1000001792		2.00%	SC		99,207			53,250
Mortgage Loan ID#1000029244		6.47%	TX		55,985			53,224
Mortgage Loan ID#1000015614		2.63%	FL		114,872			53,128
Mortgage Loan ID#1000026986		7.75%	AL		140,740			52,848
Mortgage Loan ID#1000001589		2.63%	NJ		274,077			52,694
Mortgage Loan ID#1000038580		6.75%	CO		96,436			52,601
Mortgage Loan ID#1000043424		7.38%	AL		52,561			52,558
Mortgage Loan ID#1000015320		4.00%	DE		139,406			52,555
Mortgage Loan ID#1000003679		4.88%	MI		151,544			52,513
Mortgage Loan ID#1000026463		6.38%	MD		278,067			52,364
Mortgage Loan ID#1000044171		4.00%	IL		304,034			52,151
Mortgage Loan ID#7000014317		5.25%	VA		133,187			51,988
Mortgage Loan ID#1000043727		5.63%	IN		169,401			51,592
Mortgage Loan ID#1000034773		5.13%	PA		70,166			51,367
Mortgage Loan ID#1000015229		4.78%	IA		123,584			51,237
Mortgage Loan ID#1000027126		3.75%	IL		158,133			50,727
Mortgage Loan ID#1000043710		7.25%	PA		136,830			50,466
Mortgage Loan ID#1000036109		6.74%	NY		80,087			50,266
Mortgage Loan ID#1000003504		4.00%	AR		89,704			50,256
Mortgage Loan ID#1000000365		11.75%	VA		111,200			50,061
Mortgage Loan ID#1000044092		6.99%	PA		67,594			49,552
Mortgage Loan ID#1000000663		9.85%	NY		59,525			49,537
Mortgage Loan ID#1000028943		2.00%	FL		296,806			49,269
Mortgage Loan ID#1000035030		7.00%	FL		173,095			48,803
Mortgage Loan ID#1000027844		2.00%	MA		333,414			48,627
Mortgage Loan ID#1000029170		2.00%	PA		145,702			48,573
Mortgage Loan ID#1000029277		4.63%	IN		83,816			48,257
Mortgage Loan ID#1000015573		4.13%	NC		92,570			47,937
Mortgage Loan ID#1000025925		5.36%	NY		85,175			47,791
Mortgage Loan ID#1000026712		8.40%	TX		72,386			47,698
Mortgage Loan ID#1000043985		8.60%	IL		99,321			47,673
Mortgage Loan ID#1000043682		2.00%	IL		109,900			47,655
Mortgage Loan ID#1000015971		2.00%	IL		137,538			47,226
Mortgage Loan ID#1000044291		3.25%	TN		92,963			47,194
Mortgage Loan ID#1000017518		8.25%	NJ		123,081			46,842
Mortgage Loan ID#1000027348		5.15%	KY		81,069			46,827
Mortgage Loan ID#7000003524		4.75%	CA		166,153			46,364
Mortgage Loan ID#1000015553		10.99%	NY		44,036			46,238
Mortgage Loan ID#1000026763		11.75%	NY		52,577			46,182
Mortgage Loan ID#1000034867		4.00%	WI		71,300			46,158
Mortgage Loan ID#1000027992		3.13%	IL		79,937			46,115
Mortgage Loan ID#1000025935		4.13%	PA		210,627			45,897
Mortgage Loan ID#1000000363		11.63%	NY		44,083			45,860
Mortgage Loan ID#1000027318		7.75%	OH		67,421			45,542
Mortgage Loan ID#1000029172		6.39%	FL		110,376			45,400
Mortgage Loan ID#1000002535		2.00%	CA		200,129			45,352
Mortgage Loan ID#1000038414		5.00%	FL		110,871			44,963
Mortgage Loan ID#1000026592		3.25%	KY		124,709			44,767
Mortgage Loan ID#1000029417		7.94%	FL		173,000			44,707
Mortgage Loan ID#1000017087		8.00%	IL		64,371			44,023
Mortgage Loan ID#1000028413		4.88%	TX		72,374			43,639
Mortgage Loan ID#1000016871		4.31%	RI		206,663			43,186
Mortgage Loan ID#1000000412		2.63%	DE		136,687			43,128
Mortgage Loan ID#1000015939		4.00%	AZ		83,915			42,847
Mortgage Loan ID#1000016159		6.75%	NY		169,119			42,837
Mortgage Loan ID#1000016068		10.18%	FL		288,111			42,498
Mortgage Loan ID#1000015597		7.39%	OH		95,386			42,265
Mortgage Loan ID#1000016867		4.91%	NY		113,903			42,166
Mortgage Loan ID#1000015907		7.50%	TX		41,699			42,100
Mortgage Loan ID#1000001834		8.75%	NV		169,526			42,073
Mortgage Loan ID#1000029399		2.00%	MD		123,104			42,009
Mortgage Loan ID#1000001774		8.75%	NY		64,688			41,875
Mortgage Loan ID#1000015906		8.00%	TX		54,423			41,814
Mortgage Loan ID#1000043371		9.00%	OH		69,998			41,625
Mortgage Loan ID#1000026461		8.60%	TX		55,070			41,285
Mortgage Loan ID#1000029201		3.00%	WI		160,692			40,617
Mortgage Loan ID#1000029308		5.88%	MI		59,660			40,592
Mortgage Loan ID#1000034979		3.13%	IL		197,429			40,076
Mortgage Loan ID#1000029391		7.61%	FL		242,367			40,041
Mortgage Loan ID#1000028377		9.13%	IN		48,785			39,960
Mortgage Loan ID#1000017233		8.00%	TN		39,790			39,705
Mortgage Loan ID#1000017252		7.00%	NY		54,260			39,508
Mortgage Loan ID#1000027252		4.50%	WI		127,018			39,448
Mortgage Loan ID#1000015532		5.00%	SC		202,053			39,417
Mortgage Loan ID#1000043664		7.00%	WI		147,972			39,416
Mortgage Loan ID#1000044201		2.00%	IL		175,641			39,276
Mortgage Loan ID#1000044266		8.95%	NY		57,785			39,133
Mortgage Loan ID#1000015972		6.98%	FL		96,178			39,121
Mortgage Loan ID#1000025991		2.00%	NM		149,410			38,736
Mortgage Loan ID#1000026730		7.83%	FL		96,402			38,697
Mortgage Loan ID#1000017410		4.88%	MI		137,845			38,279
Mortgage Loan ID#1000015945		2.63%	IL		80,089			37,686
Mortgage Loan ID#1000038554		7.25%	IL		153,617			37,424
Mortgage Loan ID#1000044098		6.00%	MI		226,606			37,366
Mortgage Loan ID#1000027952		4.88%	IN		138,032			36,948
Mortgage Loan ID#1000027343		5.25%	WI		148,302			36,854
Mortgage Loan ID#1000029385		8.50%	FL		178,830			36,756
Mortgage Loan ID#1000044088		8.35%	AR		61,499			36,719
Mortgage Loan ID#1000026052		2.00%	CA		203,751			36,647
Mortgage Loan ID#1000025939		4.00%	KY		88,106			36,096
Mortgage Loan ID#1000029211		6.47%	PA		62,590			36,087
Mortgage Loan ID#1000028449		12.49%	AL		40,667			35,925
Mortgage Loan ID#1000043847		8.95%	UT		46,823			35,309
Mortgage Loan ID#1000034873		7.38%	NJ		63,813			34,983
Mortgage Loan ID#1002229033		9.38%	NC		77,510			34,733
Mortgage Loan ID#1000017142		3.52%	NY		42,139			34,691
Mortgage Loan ID#1000027358		7.80%	IL		�� 118,881			33,866
Mortgage Loan ID#1000001759		6.38%	OK		41,345			33,515
Mortgage Loan ID#1000026128		5.88%	IN		79,168			33,501
Mortgage Loan ID#1000001753		8.38%	NY		37,188			33,451
Mortgage Loan ID#1000028818		2.00%	WI		197,272			32,740
Mortgage Loan ID#1000014995		3.00%	CT		43,586			32,618
Mortgage Loan ID#1000043557		3.38%	NY		44,528			32,405
Mortgage Loan ID#1000025995		4.13%	AL		78,232			32,222
Mortgage Loan ID#1000026454		2.00%	IA		76,043			32,219
Mortgage Loan ID#1000029247		2.00%	TX		60,302			32,117
Mortgage Loan ID#1000015558		4.88%	NY		66,027			32,101
Mortgage Loan ID#1000003418		2.00%	NY		103,994			31,684
Mortgage Loan ID#1000003941		7.65%	TN		75,896			31,637
Mortgage Loan ID#1000027130		4.00%	LA		100,809			31,286
Mortgage Loan ID#1000001762		6.63%	OK		38,262			31,052
Mortgage Loan ID#1000000380		12.50%	MO		29,565			31,043
Mortgage Loan ID#1000026055		2.60%	FL		183,162			30,479
Mortgage Loan ID#1000027607		7.13%	IL		107,449			30,404
Mortgage Loan ID#1000044142		5.00%	OH		125,754			30,103
Mortgage Loan ID#1000001795		5.00%	VA		81,374			29,867
Mortgage Loan ID#1000016645		3.13%	FL		33,521			29,681
Mortgage Loan ID#1000029080		4.38%	IA		82,795			29,496
Mortgage Loan ID#1000026187		4.50%	PA		110,573			28,845
Mortgage Loan ID#1000036019		8.75%	SC		29,147			28,603
Mortgage Loan ID#1000001853		4.00%	FL		121,089			28,379
Mortgage Loan ID#1000003396		6.00%	CA		60,278			27,789
Mortgage Loan ID#7000030265		4.88%	OR		80,480			27,197
Mortgage Loan ID#1000015564		8.00%	MS		45,951			26,733
Mortgage Loan ID#1000029039		3.88%	PA		79,599			26,418
Mortgage Loan ID#1000000751		8.75%	FL		132,000			26,376
Mortgage Loan ID#1000028161		4.00%	IL		209,623			26,374
Mortgage Loan ID#1000036023		6.65%	OH		87,180			26,341
Mortgage Loan ID#7000020155		5.50%	CA		26,300			25,959
Mortgage Loan ID#1000043264		6.00%	OH		91,431			25,875
Mortgage Loan ID#1000035573		8.65%	FL		151,728			25,440
Mortgage Loan ID#1000043768		4.88%	MD		94,466			24,836
Mortgage Loan ID#7000000337		5.00%	NM		106,000			24,803
Mortgage Loan ID#1000003417		1.00%	NY		113,108			24,769
Mortgage Loan ID#1000003366		10.75%	NY		24,638			24,638
Mortgage Loan ID#1000025922		4.13%	OK		62,263			23,191
Mortgage Loan ID#1000002907		2.00%	FL		124,953			22,367
Mortgage Loan ID#1000016586		3.00%	CT		28,517			22,338
Mortgage Loan ID#1000027308		7.56%	ID		80,863			22,321
Mortgage Loan ID#1000001756		3.00%	NY		59,417			22,189
Mortgage Loan ID#1000002239		3.00%	FL		141,470			�� 21,870
Mortgage Loan ID#7000036752		5.50%	MN		65,974			21,652
Mortgage Loan ID#1000000641		8.00%	TX		49,371			21,574
Mortgage Loan ID#1000016696		6.54%	NY		24,092			21,528
Mortgage Loan ID#1000026506		4.13%	FL		118,753			21,107
Mortgage Loan ID#1000002951		4.00%	NY		129,305			20,415
Mortgage Loan ID#1000025920		5.00%	MI		53,202			20,302
Mortgage Loan ID#7000018838		6.75%	MD		53,367			20,244
Mortgage Loan ID#1000025933		7.00%	AL		52,525			20,178
Mortgage Loan ID#7000034626		4.88%	CA		45,831			20,135
Mortgage Loan ID#1000003201		5.38%	RI		59,945			19,998
Mortgage Loan ID#1000002985		10.88%	CA		52,846			19,805
Mortgage Loan ID#1000003601		7.00%	MD		185,250			19,511
Mortgage Loan ID#7000029095		5.00%	CA		43,918			19,399
Mortgage Loan ID#1000043709		4.13%	MI		160,934			19,102
Mortgage Loan ID#1000003336		3.00%	NJ		72,835			18,333
Mortgage Loan ID#1000035248		3.24%	PA		20,100			18,294
Mortgage Loan ID#1000029006		5.46%	NJ		95,825			17,723
Mortgage Loan ID#1000043430		11.25%	NJ		20,672			17,317
Mortgage Loan ID#1000001308		8.38%	NJ		160,615			17,247
Mortgage Loan ID#1000029236		10.90%	FL		142,909			17,134
Mortgage Loan ID#1000001120		7.50%	NY		47,436			17,132
Mortgage Loan ID#1000029105		3.88%	OH		130,121			16,974
Mortgage Loan ID#1000003269		8.63%	AZ		48,917			16,797
Mortgage Loan ID#1000043745		3.25%	NJ		21,033			16,687
Mortgage Loan ID#7000000429		5.00%	CA		51,845			16,662
Mortgage Loan ID#1000002467		6.75%	AZ		58,566			16,246
Mortgage Loan ID#1000043793		8.50%	NY		21,765			16,142
Mortgage Loan ID#1000003757		12.50%	MD		43,283			16,079
Mortgage Loan ID#1000003793		10.75%	MI		42,843			15,870
Mortgage Loan ID#1000003409		3.00%	NY		101,413			15,141
Mortgage Loan ID#1000002466		7.00%	AZ		41,070			15,101
Mortgage Loan ID#1000003288		6.13%	NY		50,021			14,891
Mortgage Loan ID#1000029401		9.25%	OH		89,296			14,780
Mortgage Loan ID#1000003265		12.75%	TX		48,071			14,607
Mortgage Loan ID#1000026584		8.75%	FL		88,703			14,508
Mortgage Loan ID#1000003386		10.38%	FL		65,802			14,430
Mortgage Loan ID#1000043439		8.99%	IN		66,092			14,410
Mortgage Loan ID#7000003226		3.00%	CA		82,648			14,035
Mortgage Loan ID#1000025919		2.00%	OH		47,400			13,291
Mortgage Loan ID#1000003424		1.00%	CA		92,815			13,258
Mortgage Loan ID#1000003375		6.00%	CA		63,896			13,166
Mortgage Loan ID#1000002916		1.00%	CA		78,265			13,149
Mortgage Loan ID#1000003380		3.23%	CA		81,674			13,102
Mortgage Loan ID#1000003936		4.88%	WI		84,066			12,911
Mortgage Loan ID#1000003284		10.50%	NC		50,346			12,900
Mortgage Loan ID#1000003379		5.50%	IL		80,144			12,861
Mortgage Loan ID#1000003330		10.88%	NY		62,150			12,660
Mortgage Loan ID#1000003014		5.63%	MT		41,616			12,518
Mortgage Loan ID#1000003048		3.75%	NY		42,661			12,335
Mortgage Loan ID#1000003249		11.63%	CO		24,603			12,065
Mortgage Loan ID#1000003393		3.00%	VA		81,056			12,052
Mortgage Loan ID#1000017143		3.25%	CA		15,594			11,899
Mortgage Loan ID#1000003215		12.50%	TX		18,476			11,731
Mortgage Loan ID#1000029287		3.00%	FL		232,180			11,713
Mortgage Loan ID#1000025928		7.00%	MI		44,102			11,683
Mortgage Loan ID#1000003295		10.75%	IL		37,471			11,584
Mortgage Loan ID#1000003425		6.15%	CA		61,314			11,440
Mortgage Loan ID#1000015867		7.63%	OH		70,330			11,404
Mortgage Loan ID#5000003989		0.00%	NV		22,574			11,382
Mortgage Loan ID#7000027645		5.00%	CA		19,761			11,378
Mortgage Loan ID#1000003338		9.13%	NY		68,699			11,069
Mortgage Loan ID#1000002455		5.64%	AZ		63,560			10,835
Mortgage Loan ID#1000003006		6.38%	NY		31,939			10,807
Mortgage Loan ID#1000003373		7.41%	NY		62,580			10,769
Mortgage Loan ID#1000003131		4.00%	NV		17,483			10,739
Mortgage Loan ID#1000003266		10.63%	NC		44,169			10,493
Mortgage Loan ID#1000003808		9.50%	NH		34,359			10,474
Mortgage Loan ID#1000043210		9.00%	VA		88,963			10,463
Mortgage Loan ID#1000002987		10.13%	CA		60,533			9,924
Mortgage Loan ID#1000001724		7.88%	NY		35,451			9,748
Mortgage Loan ID#7000021621		5.50%	CA		12,262			9,442
Mortgage Loan ID#1000003331		9.25%	IL		37,397			9,156
Mortgage Loan ID#1000003314		10.25%	UT		42,455			9,040
Mortgage Loan ID#1000002468		7.25%	AZ		19,042			9,009
Mortgage Loan ID#1000002439		5.50%	AZ		65,664			8,942
Mortgage Loan ID#1000003029		8.25%	FL		34,649			8,547
Mortgage Loan ID#1000017272		3.00%	NY		9,163			8,513
Mortgage Loan ID#1000003212		13.25%	PA		29,444			8,322
Mortgage Loan ID#7000001895		5.25%	CA		24,365			8,240
Mortgage Loan ID#1000003298		10.50%	TX		35,927			8,001
Mortgage Loan ID#1000003819		6.00%	GA		83,685			7,934
Mortgage Loan ID#1000002434		8.00%	AZ		27,202			7,884
Mortgage Loan ID#1000003980		5.38%	CT		31,827			7,880
Mortgage Loan ID#1000002431		10.50%	AZ		23,362			7,791
Mortgage Loan ID#1000003961		4.81%	NJ		30,697			7,507
Mortgage Loan ID#1000003155		10.63%	FL		41,530			7,432
Mortgage Loan ID#1000003216		4.36%	CO		45,070			7,418
Mortgage Loan ID#1000003077		13.25%	NM		20,320			7,403
Mortgage Loan ID#1000015928		10.25%	GA		8,789			7,373
Mortgage Loan ID#1000002238		2.00%	FL		83,902			7,334
Mortgage Loan ID#1000002475		7.25%	AZ		24,934			7,192
Mortgage Loan ID#1000003186		13.63%	VA		17,829			7,062
Mortgage Loan ID#1000002442		7.50%	AZ		22,540			7,049
Mortgage Loan ID#1000003274		7.45%	NV		37,781			6,856
Mortgage Loan ID#1000043353		9.64%	OH		107,055			6,849
Mortgage Loan ID#1000003591		8.13%	GA		19,611			6,829
Mortgage Loan ID#7000000222		2.88%	MO		32,198			6,774
Mortgage Loan ID#1000002474		7.25%	AZ		24,121			6,756
Mortgage Loan ID#1000003236		5.50%	TX		55,382			6,669
Mortgage Loan ID#1000003329		6.93%	VA		28,503			6,660
Mortgage Loan ID#1000003227		6.00%	OR		26,035			6,617
Mortgage Loan ID#1000003794		11.25%	WI		44,387			6,611
Mortgage Loan ID#7000016846		5.38%	FL		14,586			6,605
Mortgage Loan ID#1000003277		5.50%	NV		48,927			6,575
Mortgage Loan ID#1000002453		7.50%	AZ		21,889			6,546
Mortgage Loan ID#1000003313		8.19%	NJ		47,614			6,493
Mortgage Loan ID#7000036678		5.00%	FL		18,920			6,387
Mortgage Loan ID#1000003011		4.00%	CA		41,470			6,363
Mortgage Loan ID#1000002521		14.13%	TX		74,665			6,313
Mortgage Loan ID#7000524032		5.00%	CA		24,150			6,293
Mortgage Loan ID#1000003407		2.00%	CA		58,281			6,244
Mortgage Loan ID#1000003044		12.38%	FL		33,242			6,219
Mortgage Loan ID#7000035642		5.00%	CO		19,296			6,081
Mortgage Loan ID#1000003318		4.00%	CA		46,335			6,073
Mortgage Loan ID#1000002426		8.50%	AZ		18,773			5,975
Mortgage Loan ID#1000003956		8.50%	AL		52,170			5,945
Mortgage Loan ID#1000003789		12.63%	WI		25,162			5,916
Mortgage Loan ID#1000002445		8.50%	AZ		19,154			5,845
Mortgage Loan ID#1000003224		8.75%	PA		22,886			5,837
Mortgage Loan ID#1000003007		6.58%	NJ		29,324			5,413
Mortgage Loan ID#1000002459		6.01%	AZ		17,497			5,368
Mortgage Loan ID#7000016879		5.38%	CA		11,879			5,353
Mortgage Loan ID#1000003280		1.00%	AZ		65,385			5,307
Mortgage Loan ID#7000106608		5.00%	CA		13,433			5,205
Mortgage Loan ID#1000003363		2.00%	NY		55,516			5,195
Mortgage Loan ID#1000003003		9.63%	IL		20,880			5,108
Mortgage Loan ID#1000003200		5.65%	FL		40,049			5,104
Mortgage Loan ID#7000001886		5.25%	FL		20,777			5,103
Mortgage Loan ID#1000002427		7.01%	AZ		28,075			4,952
Mortgage Loan ID#1000003106		9.38%	TX		19,443			4,855
Mortgage Loan ID#1000002425		8.75%	AZ		8,057			4,626
Mortgage Loan ID#1000002983		4.82%	AZ		33,485			�� 4,597
Mortgage Loan ID#7000037380		3.38%	DE		15,489			4,565
Mortgage Loan ID#1000029342		2.00%	IA		67,144			4,472
Mortgage Loan ID#1000003203		9.50%	VA		23,924			4,452
Mortgage Loan ID#1000017061		2.00%	IL		221,626			4,362
Mortgage Loan ID#7000044724		4.50%	IL		15,331			4,356
Mortgage Loan ID#7000014197		5.25%	FL		17,182			4,339
Mortgage Loan ID#7000034325		5.00%	AL		11,263			4,298
Mortgage Loan ID#1000003151		13.75%	MN		30,182			4,285
Mortgage Loan ID#6000000582		1.00%	NY		59,338			4,236
Mortgage Loan ID#1000003104		13.38%	OH		22,574			4,168
Mortgage Loan ID#1000002998		2.00%	OH		72,926			4,088
Mortgage Loan ID#7000029305		5.00%	PA		11,975			4,021
Mortgage Loan ID#7000004323		2.00%	FL		121,631			4,001
Mortgage Loan ID#1000003189		1.00%	FL		41,169			3,733
Mortgage Loan ID#1000003065		2.00%	PA		33,101			3,686
Mortgage Loan ID#1000003272		2.38%	AZ		40,595			3,621
Mortgage Loan ID#1000003775		10.00%	MI		12,862			3,545
Mortgage Loan ID#5000004012		0.00%	FL		181,852			3,487
Mortgage Loan ID#1000003146		12.13%	NC		14,285			3,448
Mortgage Loan ID#1000003347		1.00%	NY		52,932			3,391
Mortgage Loan ID#7000049512		5.00%	FL		8,971			3,387
Mortgage Loan ID#1000003413		4.60%	NY		59,830			3,348
Mortgage Loan ID#7000227562		4.00%	CA		13,906			3,348
Mortgage Loan ID#7000040113		5.50%	FL		10,328			3,318
Mortgage Loan ID#1000003303		9.63%	VA		18,733			3,280
Mortgage Loan ID#7000038883		5.00%	MI		18,287			3,265
Mortgage Loan ID#1000003983		4.75%	CT		11,993			3,227
Mortgage Loan ID#1000003217		5.50%	NV		23,478			3,190
Mortgage Loan ID#1000003372		2.00%	VA		74,770			3,169
Mortgage Loan ID#1000003042		9.63%	VA		64,410			3,090
Mortgage Loan ID#7000056207		5.13%	AZ		8,318			3,089
Mortgage Loan ID#1000003430		1.00%	VA		67,443			3,080
Mortgage Loan ID#1000027712		7.75%	TX		3,508			3,055
Mortgage Loan ID#1000003387		5.50%	NY		62,639			3,031
Mortgage Loan ID#1000003420		1.00%	NY		99,915			2,997
Mortgage Loan ID#1000003067		1.00%	UT		49,248			2,888
Mortgage Loan ID#7000144524		4.00%	NV		16,510			2,863
Mortgage Loan ID#1000002972		12.88%	PA		19,131			2,826
Mortgage Loan ID#1000003218		4.00%	VA		51,044			2,719
Mortgage Loan ID#1000002462		7.00%	AZ		18,988			2,711
Mortgage Loan ID#1000003073		8.00%	NV		9,111			2,690
Mortgage Loan ID#7000037510		5.00%	CT		4,708			2,633
Mortgage Loan ID#1000003090		11.63%	TX		7,336			2,619
Mortgage Loan ID#1000003392		1.00%	NY		39,936			2,574
Mortgage Loan ID#1000000614		6.00%	IN		10,302			2,559
Mortgage Loan ID#1000003102		13.00%	NY		13,481			2,524
Mortgage Loan ID#1000003268		7.38%	FL		8,817			2,313
Mortgage Loan ID#7000098633		4.50%	FL		8,089			2,264
Mortgage Loan ID#1000003768		6.88%	TN		17,225			2,245
Mortgage Loan ID#7000036523		6.00%	IL		4,522			2,237
Mortgage Loan ID#1000003378		1.00%	CA		114,300			2,226
Mortgage Loan ID#1000002569		3.00%	FL		63,890			2,225
Mortgage Loan ID#7000036539		4.88%	IL		6,884			2,135
Mortgage Loan ID#1000001017		8.00%	NY		3,197			2,104
Mortgage Loan ID#1000003255		12.13%	MN		5,937			2,039
Mortgage Loan ID#1000003753		12.50%	MI		99,974			1,967
Mortgage Loan ID#1000002531		1.00%	NY		53,058			1,929
Mortgage Loan ID#7000275218		4.00%	IN		12,191			1,922
Mortgage Loan ID#1000003356		1.00%	NY		83,926			1,848
Mortgage Loan ID#7000242451		3.75%	FL		12,099			1,808
Mortgage Loan ID#1000003767		2.00%	TN		17,389			1,739
Mortgage Loan ID#1000002992		9.88%	WY		8,789			1,736
Mortgage Loan ID#1000003981		1.00%	NY		36,662			1,732
Mortgage Loan ID#7000032686		0.50%	VA		48,078			1,698
Mortgage Loan ID#1000003059		1.00%	AZ		19,097			1,655
Mortgage Loan ID#7000001222		5.00%	TX		11,102			1,615
Mortgage Loan ID#7000032678		4.00%	OH		5,046			1,498
Mortgage Loan ID#1000003115		1.00%	NJ		28,337			1,485
Mortgage Loan ID#7000362626		3.00%	FL		10,037			1,447
Mortgage Loan ID#1000028827		5.38%	IL		302,123			1,438
Mortgage Loan ID#1000003802		11.50%	MA		57,569			1,432
Mortgage Loan ID#7000314799		5.00%	OH		4,998			1,394
Mortgage Loan ID#1000002931		11.63%	NY		111,295			1,346
Mortgage Loan ID#1000003049		10.13%	CA		32,503			935
Mortgage Loan ID#7000038874		6.00%	OH		10,848			794
Mortgage Loan ID#1000003815		1.00%	MD		20,206			777
Mortgage Loan ID#1000003811		1.00%	GA		63,148			720
Mortgage Loan ID#1000003807		1.00%	MD		24,718			716
Mortgage Loan ID#1000003220		1.00%	IL		39,769			522
Mortgage Loan ID#1000003273		4.00%	IL		7,705			499
Mortgage Loan ID#1000029182		5.98%	FL		193,029			-
Mortgage Loan ID#1000025950		4.63%	IL		113,881			-
Mortgage Loan ID#1000002997		5.13%	NY		55,559			-
Mortgage Loan ID#1000003246		10.75%	NJ		46,826			-
Mortgage Loan ID#7000057184		4.50%	AZ		19,461			-
Mortgage Loan ID#5000004007		0.00%	CA		7,600			-
Mortgage Loan ID#5000004018		0.00%	FL		3,750			-
Mortgage Loan ID#5000003997		0.00%	ID		1,160			-
Mortgage Loan ID#7000030263		5.00%	WI		5,456			-
Mortgage Loan ID#5000004010		0.00%	VA		150			-
Mortgage Loan ID#7000063645		5.00%	VA		11,882			-
Mortgage Loan ID#5000003985		0.00%	ME		4,375			-
Mortgage Loan ID#1000025930		3.00%	MS		40,413			-
Mortgage Loan ID#7000026184		5.00%	TN		12,619			-
Mortgage Loan ID#7000033764		5.00%	IL		13,874			-
Mortgage Loan ID#1000000581		5.50%	WA		49,291			-
Mortgage Loan ID#1000003818		11.63%	MD		83,298			-
Mortgage Loan ID#1000002538		2.00%	NY		92,004			-
Mortgage Loan ID#1000002432		9.75%	AZ		19,528			-
Mortgage Loan ID#1000003752		1.00%	MD		81,772			-
Mortgage Loan ID#1000003351		2.00%	NY		42,695			-
Mortgage Loan ID#1000003278		7.21%	NY		68,303			-
Mortgage Loan ID#1000002771		11.88%	FL		19,620			-
Mortgage Loan ID#1000002942		10.25%	FL		105,651			-
Mortgage Loan ID#1000002530		6.00%	PA		63,029			-
Mortgage Loan ID#1000002406		10.25%	IL		49,062			-
Mortgage Loan ID#1000002422		10.25%	AZ		13,386			-
Mortgage Loan ID#1000002452		5.99%	AZ		23,451			-
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#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#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#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#1000002874		12.50%	NY		86,796			�� -
Mortgage Loan ID#1000002919		12.25%	NY		108,421			-
Mortgage Loan ID#1000002928		12.63%	FL		141,000			-
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#1000002999		10.75%	TX		25,151			-
Mortgage Loan ID#1000003027		10.50%	FL		50,213			-
Mortgage Loan ID#1000003147		3.00%	FL		45,801			-
Mortgage Loan ID#1000003253		10.25%	NJ		28,508			-
Mortgage Loan ID#1000003262		6.25%	VA		47,636			-
Mortgage Loan ID#1000003334		6.50%	CA		88,322			-
Mortgage Loan ID#1000003385		12.88%	NY		44,885			-
Mortgage Loan ID#1000003688		13.63%	MI		18,734			-
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#1000003760		9.50%	MA		42,788			-
Mortgage Loan ID#1000003792		13.00%	MI		51,564			-
Mortgage Loan ID#1000002556		6.38%	NV		59,406			-
Mortgage Loan ID#1000002572		7.63%	CA		82,494			-
Mortgage Loan ID#1000002890		9.75%	NY		24,250			-
Mortgage Loan ID#1000002921		8.13%	IL		80,000			-
Mortgage Loan ID#1000002966		7.63%	FL		36,270			-
Mortgage Loan ID#1000002984		5.63%	AZ		61,619			-
Mortgage Loan ID#1000003094		7.30%	TX		20,478			-
Mortgage Loan ID#1000003783		6.00%	AR		12,347			-
Mortgage Loan ID#1000003000		1.00%	AZ		57,733			-
Mortgage Loan ID#1000003088		8.90%	TX		13,065			-
Mortgage Loan ID#1000002737		2.00%	TX		19,418			-
Mortgage Loan ID#1000003317		6.50%	NJ		55,435			-
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#1000002553		1.00%	NV		46,458			-
Mortgage Loan ID#1000003207		1.00%	WA		39,095			-
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#1000003079		6.13%	HI		16,567			-
Mortgage Loan ID#1000002723		6.00%	AZ		34,524			-
Mortgage Loan ID#1000002513		8.37%	NJ		75,425			-
Mortgage Loan ID#1000003085		8.13%	OH		9,882			-
Mortgage Loan ID#1000003208		8.84%	PA		45,180			-
Mortgage Loan ID#1000003299		5.50%	DC		71,500			-
Mortgage Loan ID#1000003381		11.13%	NY		29,621			-
Mortgage Loan ID#1000003291		5.50%	NY		56,869			-
Mortgage Loan ID#1000003086		8.13%	OH		9,874			-
Mortgage Loan ID#1000003071		4.71%	FL		25,139			-
Mortgage Loan ID#1000002619		2.00%	FL		19,395			-
Mortgage Loan ID#1000003019		1.00%	FL		32,374			-
Mortgage Loan ID#1000003248		5.50%	NV		30,786			-
Mortgage Loan ID#1000003801		2.00%	MD		32,712			-
Mortgage Loan ID#1000002904		6.00%	NY		48,338			-
Mortgage Loan ID#1000003145		2.00%	FL		41,635			-
Mortgage Loan ID#1000003275		5.38%	FL		44,818			-
Mortgage Loan ID#1000003229		1.00%	PA		35,358			-
Mortgage Loan ID#1000002571		2.00%	NJ		85,612			-
Mortgage Loan ID#1000002564		5.68%	FL		49,312			-
Mortgage Loan ID#1000003204		4.40%	FL		55,923			-
Mortgage Loan ID#1000003805		9.75%	GA		33,754			-
Mortgage Loan ID#1000003101		5.50%	FL		50,730			-
Mortgage Loan ID#1000003816		12.00%	GA		38,482			-
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#1000002905		3.00%	MN		76,816			-
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#1000003357		3.00%	CA		76,518			-
Mortgage Loan ID#1000003192		2.00%	CA		39,923			-
Mortgage Loan ID#1000002511		2.00%	NJ		297,970			-
Mortgage Loan ID#1000003179		9.50%	AZ		30,304			-
Mortgage Loan ID#1000002484		1.00%	IL		37,841			-
Mortgage Loan ID#1000003395		10.50%	NY		81,055			-
Mortgage Loan ID#1000003213		10.25%	TX		43,985			-
Mortgage Loan ID#1000003038		4.13%	IL		47,473			-
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#1000003588		5.63%	GA		116,000			-
Mortgage Loan ID#1000003370		10.88%	CA		94,114			-
Mortgage Loan ID#1000003391		2.00%	NJ		52,193			-
Mortgage Loan ID#1000003744		2.00%	MA		42,622			-
Mortgage Loan ID#1000002909		2.00%	FL		79,814			-
Mortgage Loan ID#1000003210		6.00%	FL		46,595			-
Mortgage Loan ID#1000003305		11.50%	CA		79,314			-
Mortgage Loan ID#1000003367		2.00%	NY		82,587			-
Mortgage Loan ID#1000002915		1.00%	NY		136,851			-
Mortgage Loan ID#1000003394		6.50%	AZ		137,659			-
Mortgage Loan ID#1000003346		2.00%	NV		74,746			-
Mortgage Loan ID#1000002869		1.00%	CA		82,643			-
Mortgage Loan ID#1000002575		4.63%	NY		85,801			-
Mortgage Loan ID#1000003431		15.00%	AZ		149,277			-
Mortgage Loan ID#1000001468		0.00%	NY		10,000			-
Mortgage Loan ID#1000003304		10.50%	CA		102,564			-
Mortgage Loan ID#1000003353		1.00%	WA		85,689			-
Mortgage Loan ID#1000003364		3.00%	CA		105,953			-
Mortgage Loan ID#1000002417		6.50%	AZ		50,399			-
Mortgage Loan ID#1000002877		2.00%	NY		90,125			-
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#1000002618		1.00%	NY		54,971			-
Mortgage Loan ID#1000003327		2.00%	MN		101,592			-
Mortgage Loan ID#1000003426		6.38%	IL		86,603			-
Mortgage Loan ID#1000003398		2.00%	NJ		101,770			-
Mortgage Loan ID#1000003355		3.00%	VA		136,462			-
Mortgage Loan ID#1000002568		10.75%	IL		52,139			-
Mortgage Loan ID#1000001993		7.13%	IL		100,888			(966)

					271,540,395			152,000,587

Real estate acquired in settlement of loans
Real Estate Owned ID#1000015629		N/A	CA	$	996,000		$	1,132,950
Real Estate Owned ID#1000015367		N/A	IL		545,527			753,858
Real Estate Owned ID#1000043536		N/A	MI		860,000			706,594
Real Estate Owned ID#1000001643		N/A	FL		621,672			703,003
Real Estate Owned ID#1000016499		N/A	NE		720,000			553,312
Real Estate Owned ID#1000043808		N/A	FL		471,000			544,788
Real Estate Owned ID#1000027525		N/A	NE		554,549			491,966
Real Estate Owned ID#1000028068		N/A	CA		485,478			489,772
Real Estate Owned ID#1000015181		N/A	IL		869,995			468,728
Real Estate Owned ID#1000016154		N/A	FL		472,046			465,230
Real Estate Owned ID#1000015537		N/A	FL		460,001			391,231
Real Estate Owned ID#1000016184		N/A	NJ		440,001			382,935
Real Estate Owned ID#1000016181		N/A	FL		770,245			381,105
Real Estate Owned ID#1000029360		N/A	MI		544,877			359,840
Real Estate Owned ID#1000016162		N/A	FL		379,778			359,576
Real Estate Owned ID#1000026659		N/A	IL		587,418			356,100
Real Estate Owned ID#1000028903		N/A	CA		488,632			340,484
Real Estate Owned ID#1000035163		N/A	OR		689,500			326,675
Real Estate Owned ID#1000029171		N/A	FL		509,600			325,574
Real Estate Owned ID#1000002112		N/A	VA		298,857			322,096
Real Estate Owned ID#1000015110		N/A	VA		404,288			315,787
Real Estate Owned ID#1000001655		N/A	NY		648,000			308,298
Real Estate Owned ID#1000027283		N/A	NY		434,198			300,671
Real Estate Owned ID#1000017338		N/A	PA		282,904			291,864
Real Estate Owned ID#1000017415		N/A	PA		245,135			287,053
Real Estate Owned ID#1000043155		N/A	FL		307,146			282,917
Real Estate Owned ID#1000029087		N/A	CA		374,503			280,843
Real Estate Owned ID#1000043755		N/A	MN		478,088			280,020
Real Estate Owned ID#1000028945		N/A	FL		565,506			265,461
Real Estate Owned ID#1000015506		N/A	FL		917,000			262,274
Real Estate Owned ID#1000029380		N/A	NJ		400,000			261,900
Real Estate Owned ID#1000029054		N/A	FL		323,982			258,066
Real Estate Owned ID#1000029252		N/A	CA		375,530			234,193
Real Estate Owned ID#1000025971		N/A	CA		332,668			226,527
Real Estate Owned ID#1000026348		N/A	NV		366,420			222,500
Real Estate Owned ID#1000027008		N/A	MD		274,502			222,404
Real Estate Owned ID#1000044101		N/A	PA		181,868			221,073
Real Estate Owned ID#1000027210		N/A	NJ		339,999			219,878
Real Estate Owned ID#1000043232		N/A	NJ		444,598			218,378
Real Estate Owned ID#1000015381		N/A	FL		194,873			211,599
Real Estate Owned ID#1000029097		N/A	NJ		364,148			207,964
Real Estate Owned ID#1000038451		N/A	IL		184,189			198,528
Real Estate Owned ID#1000027708		N/A	NJ		260,260			196,939
Real Estate Owned ID#1000003963		N/A	WV		230,151			185,912
Real Estate Owned ID#1000043435		N/A	IL		235,219			183,208
Real Estate Owned ID#1000043996		N/A	PA		240,000			179,988
Real Estate Owned ID#1000043611		N/A	FL		236,250			179,163
Real Estate Owned ID#1000001490		N/A	NY		285,000			177,689
Real Estate Owned ID#1000044036		N/A	IL		235,889			172,998
Real Estate Owned ID#1000026640		N/A	CO		186,865			168,866
Real Estate Owned ID#1000026377		N/A	CT		316,051			166,292
Real Estate Owned ID#1000003962		N/A	FL		378,400			166,213
Real Estate Owned ID#1000035172		N/A	NY		415,887			164,849
Real Estate Owned ID#1000026688		N/A	MO		162,816			162,446
Real Estate Owned ID#1000027736		N/A	NJ		215,996			160,122
Real Estate Owned ID#1000035799		N/A	CA		196,015			159,761
Real Estate Owned ID#1000001636		N/A	FL		564,000			158,427
Real Estate Owned ID#1000044233		N/A	NJ		179,134			154,082
Real Estate Owned ID#1000016402		N/A	NY		352,869			152,362
Real Estate Owned ID#1000016408		N/A	FL		357,440			150,356
Real Estate Owned ID#1000001350		N/A	FL		217,822			148,755
Real Estate Owned ID#1000035270		N/A	MA		217,305			148,292
Real Estate Owned ID#1000044136		N/A	MD		296,082			146,159
Real Estate Owned ID#1000043629		N/A	WA		205,443			143,580
Real Estate Owned ID#1000029375		N/A	MD		198,256			139,552
Real Estate Owned ID#1000017433		N/A	SC		116,079			138,154
Real Estate Owned ID#1000026662		N/A	FL		203,460			136,468
Real Estate Owned ID#1000002203		N/A	FL		475,842			136,189
Real Estate Owned ID#1000044107		N/A	OH		174,516			135,331
Real Estate Owned ID#1000028999		N/A	FL		220,800			128,452
Real Estate Owned ID#1000043129		N/A	FL		122,549			127,542
Real Estate Owned ID#1000000379		N/A	TX		209,970			126,110
Real Estate Owned ID#1000043953		N/A	FL		213,696			123,516
Real Estate Owned ID#1000044243		N/A	AL		203,417			122,643
Real Estate Owned ID#1000017385		N/A	GA		184,063			118,958
Real Estate Owned ID#1000028475		N/A	DE		200,219			116,065
Real Estate Owned ID#1000029296		N/A	FL		333,511			114,394
Real Estate Owned ID#1000029266		N/A	FL		269,157			110,007
Real Estate Owned ID#1000043577		N/A	FL		142,999			109,431
Real Estate Owned ID#1000027386		N/A	IL		172,880			108,835
Real Estate Owned ID#1000001933		N/A	FL		228,125			108,378
Real Estate Owned ID#1000027095		N/A	FL		158,150			108,366
Real Estate Owned ID#1000001162		N/A	OH		141,924			107,636
Real Estate Owned ID#1000001067		N/A	FL		308,321			106,820
Real Estate Owned ID#1000000591		N/A	NJ		317,267			105,965
Real Estate Owned ID#1000043141		N/A	LA		133,059			105,953
Real Estate Owned ID#1000028801		N/A	FL		187,200			105,752
Real Estate Owned ID#1000026072		N/A	NJ		189,212			105,538
Real Estate Owned ID#1000038533		N/A	IL		138,251			104,707
Real Estate Owned ID#1000026081		N/A	ME		163,690			103,568
Real Estate Owned ID#1000029250		N/A	IL		402,528			103,292
Real Estate Owned ID#1000043370		N/A	FL		206,910			101,974
Real Estate Owned ID#1000043604		N/A	NJ		272,047			101,334
Real Estate Owned ID#1000035556		N/A	FL		141,777			100,948
Real Estate Owned ID#1000028824		N/A	TX		157,939			100,572
Real Estate Owned ID#1000016328		N/A	NJ		138,797			100,560
Real Estate Owned ID#1000028929		N/A	FL		145,505			99,029
Real Estate Owned ID#1000036088		N/A	CT		240,099			96,904
Real Estate Owned ID#1000043524		N/A	IL		240,000			94,693
Real Estate Owned ID#1000002039		N/A	NJ		262,475			93,600
Real Estate Owned ID#1000044021		N/A	MA		210,541			92,523
Real Estate Owned ID#1000028997		N/A	FL		203,467			89,641
Real Estate Owned ID#1000026994		N/A	NC		82,596			89,117
Real Estate Owned ID#1000001705		N/A	NJ		114,009			89,110
Real Estate Owned ID#1000029350		N/A	WI		137,650			85,204
Real Estate Owned ID#1000027759		N/A	FL		98,443			82,668
Real Estate Owned ID#1000025990		N/A	VA		131,197			82,491
Real Estate Owned ID#1000016047		N/A	MA		196,772			82,054
Real Estate Owned ID#1000043680		N/A	IL		192,224			79,843
Real Estate Owned ID#1000025960		N/A	OH		147,091			79,074
Real Estate Owned ID#1000028830		N/A	NJ		283,816			76,884
Real Estate Owned ID#1000015254		N/A	GA		104,881			70,209
Real Estate Owned ID#1000028175		N/A	IL		160,813			68,816
Real Estate Owned ID#1000026361		N/A	FL		167,029			68,768
Real Estate Owned ID#1000029077		N/A	FL		192,555			63,246
Real Estate Owned ID#1000026203		N/A	NJ		321,763			62,491
Real Estate Owned ID#1000028807		N/A	NJ		368,033			61,000
Real Estate Owned ID#1000035463		N/A	WA		112,500			56,208
Real Estate Owned ID#1000043302		N/A	AL		103,435			49,936
Real Estate Owned ID#1000035002		N/A	IL		178,595			48,892
Real Estate Owned ID#1000043920		N/A	NC		92,276			48,762
Real Estate Owned ID#1000001018		N/A	AZ		104,818			45,432
Real Estate Owned ID#1000015132		N/A	IL		267,660			44,095
Real Estate Owned ID#1000015599		N/A	PA		85,273			42,858
Real Estate Owned ID#1000044133		N/A	MD		126,711			40,578
Real Estate Owned ID#1000016097		N/A	FL		231,588			39,936
Real Estate Owned ID#1000043466		N/A	FL		127,311			36,851
Real Estate Owned ID#1000028493		N/A	FL		128,640			35,114
Real Estate Owned ID#1000027018		N/A	IL		99,756			34,657
Real Estate Owned ID#1000034760		N/A	NY		192,490			33,898
Real Estate Owned ID#1000027505		N/A	NY		123,383			33,533
Real Estate Owned ID#1000000529		N/A	NC		133,816			32,901
Real Estate Owned ID#1000016091		N/A	NY		75,372			32,240
Real Estate Owned ID#1000001766		N/A	NY		38,544			31,732
Real Estate Owned ID#1000043088		N/A	NJ		82,226			30,251
Real Estate Owned ID#1000036082		N/A	MD		112,200			27,865
Real Estate Owned ID#1000034970		N/A	IL		106,716			27,550
Real Estate Owned ID#1000028202		N/A	MD		186,144			27,226
Real Estate Owned ID#1000034766		N/A	NJ		58,017			26,915
Real Estate Owned ID#1000034971		N/A	IL		113,118			25,893
Real Estate Owned ID#1000029323		N/A	FL		54,944			25,167
Real Estate Owned ID#1000043879		N/A	WI		93,692			24,260
Real Estate Owned ID#1000034996		N/A	IL		130,113			23,042
Real Estate Owned ID#1000000374		N/A	VA		183,750			22,198
Real Estate Owned ID#1000026644		N/A	FL		142,402			21,743
Real Estate Owned ID#1000003632		N/A	MD		126,308			19,486
Real Estate Owned ID#1000043736		N/A	NJ		114,827			18,381
Real Estate Owned ID#1000044213		N/A	FL		153,984			17,822
Real Estate Owned ID#1000034972		N/A	NJ		283,530			16,155
Real Estate Owned ID#1000038579		N/A	NJ		144,272			15,589
Real Estate Owned ID#1000028485		N/A	IL		132,559			13,445
Real Estate Owned ID#1000035043		N/A	IL		112,187			12,155
Real Estate Owned ID#1000000764		N/A	FL		69,868			11,998
Real Estate Owned ID#1000028844		N/A	NJ		189,782			9,540
Real Estate Owned ID#1000035080		N/A	NJ		155,369			9,374
Real Estate Owned ID#1000001314		N/A	NJ		121,443			9,136
Real Estate Owned ID#1000001686		N/A	NY		85,384			6,108
Real Estate Owned ID#1000038398		N/A	NJ		36,672			3,943
Real Estate Owned ID#1000001523		N/A	NY		99,551			1,439
Real Estate Owned ID#1000029208		N/A	FL		124,578			(380)
Real Estate Owned ID#1000003780		N/A	GA		26,077			(1,763)
Real Estate Owned ID#1000001669		N/A	IL		199,616			(8,075)
Real Estate Owned ID#1000034894		N/A	PA		86,324			(8,673)
Real Estate Owned ID#1000001752		N/A	IN		147			(8,954)
Real Estate Owned ID#1000016929		N/A	ME		114,583			(9,232)
Real Estate Owned ID#1000001328		N/A	MN		186,121			(13,401)

					42,965,857			25,514,675

TOTAL INVESTMENTS IN NONAFFILIATES (Cost $158,147,887)					314,506,252			177,515,262

INVESTMENTS IN AFFILIATES - 23%*

Name of Issuer					Shares			Fair Value
Short-Term Investment
BlackRock Liquidity Funds: TempFund Institutional Shares ^				$	46,356,328		$	46,356,328

TOTAL INVESTMENTS IN AFFILIATES (Cost $46,356,328)					46,356,328			46,356,328

TOTAL INVESTMENTS (Cost $204,504,215)								223,871,590


LIABILITIES - 53%*
Description	Cusip	Note Rate	Maturity Date		Principal Amount			Fair Value
Asset-backed secured financing
PNMAC 2015-NPL1 A-1-144A ^	70932GAA8	4.00%	3/25/2055	$	97,428,063		$	97,317,871
PNMAC 2015-NPL1 A-1-REGS ^	U7088RAA5	4.00%	3/25/2055		7,065,193			7,057,202

TOTAL LIABILITIES (Cost $104,385,593								104,375,073


Other assets in excess of other liabilities - 39%*								76,114,505

TOTAL PARTNERS’ CAPITAL - 100%*							$	195,611,022

* 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.

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

Not applicable for semi-annual reports.

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

Not applicable for semi-annual reports.

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. Filed 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 to 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

PNMAC Mortgage Opportunity Fund Inactive N-CSRS/ACertified semi-annual shareholder report (management investment company) (amended)