Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549-1004
RE: Bombardier Capital Mortgage Securitization Corporation:
BCMSC Trust 2000-A
Ladies and Gentlemen:
On behalf of Bombardier Capital Mortgage Securitization Corporation (The
Registrant), we hereby file with the Commission a Current Report on Form 8-K
(The "Report") on behalf of the BCMSC Trust 2000-A and deliver to you herewith
the following documents:
One copy of the Report, including the exhibit being filed therewith,
together with an exhibit index:
Please acknowledge receipt and filing of this letter to
Bombardier Capital Mortgage Securitization Corporation:
1600 Mountain View Drive, Colchester, VT 05446.
Very truly yours,
/s/ Brian Peters
Brian Peters
Bombardier Capital Mortgage Securitization Corporation:
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report ( Date of Earliest Event Reported) November 27, 2002
BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORPORATION
(Depositor)
(Exact name of registrant as specified in its charter)
on behalf of
BCMSC Trust Series 2000-A
Delaware 333-40113 03-0355080
(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1600 Mountain View Drive, Colchester, Vermont 05446
(Address of principal executive offices) (ZIP code)
Registrant's telephone number, including area code: (802) 654-7200
Page 1 of 9
Exhibit Index Appears on Page 4
Item 5. Other Event
Information concerning interest and principal distributions made on the
Certificates Certificates)of the BCMSC Trust Series 2000-A on November 15,2002
is contained in the Distribution Date Statement provided to each holder of the
Certificates. Such Distribution Date Statement is attached hereto as Exhibit
99.1 and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits:
99.1. Distribution Date Statement relating to interest and prinicipal
distributions made on November 15, 2002 on the Series 2000-A Certificates
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized on the date indicated.
BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORPORATION
BY: /s/ Brian Peters
Brian Peters
Title: President
Date: November 27, 2002
I. ORIGINAL DEAL PARAMETERS
(A) Initial Pool Principal Balance $416,788,877.53
(B) Initial Certificates Principal Balance $ 401,190,000.00
(i) Initial Class A-1 Certificate Principal Balance $ 85,000,000.00
Certificate Amount Percentage 20.39%
Certificate Pass-through Rate 1.96%
(ii) Initial Class A-2 Certificate Principal Balance $ 76,000,000.00
Certificate Amount Percentage 18.23%
Certificate Pass-through Rate 7.58%
(iii) Initial Class A-3 Certificate Principal Balance $ 50,000,000.00
Certificate Amount Percentage 12.00%
Certificate Pass-through Rate 7.83%
(iv) Initial Class A-4 Certificate Principal Balance $ 74,531,000.00
Certificate Amount Percentage 17.88%
Certificate Pass-through Rate 8.29%
(v) Initial Class A-5 Certificate Principal Balance $ 25,000,000.00
Certificate Amount Percentage 6.00%
Certificate Pass-through Rate 8.32%
(vi) Initial Class M-1 Certificate Principal Balance $ 29,178,000.00
Certificate Amount Percentage 7.00%
Certificate Pass-through Rate 8.51%
(vii) Initial Class M-2 Certificate Principal Balance $ 20,841,000.00
Certificate Amount Percentage 5.00%
Certificate Pass-through Rate 9.00%
(viii)Initial Class B-1 Certificate Principal Balance $ 18,757,000.00
Certificate Amount Percentage 4.50%
Certificate Pass-through Rate 9.00%
(ix) Initial Class B-2 Certificate Principal Balance $ 21,883,000.00
Certificate Amount Percentage 5.25%
Certificate Pass-through Rate 9.00%
(C) Initial Weighted Average Coupon (WAC) 10.90%
(D) Initial Weighted Average Original Maturity (WAOM) 325.00 months
(E) Initial Weighted Average Remaining Maturity (WAM) 323.00 months
(F) Initial Number of Receivables 9,828
(G) Servicing Fee Rate 1.00%
(H) Credit Enhancement
(i) Reserve Fund Initial Deposit Percentage 0.00%
(ii) Reserve Fund Target % 0.00%
(iii) Target Overcollateralization Percentage Prior to Crossover Date 5.25%
(iv) Target Overcollateralization Percentage After Crossover Date 9.19%
(v) Target Overcollateralization Floor 1.25%
(vi) Target Credit Enhancement % Prior to Crossover Date 5.25%
(vii) Target Credit Enhancement % After Crossover Date 9.19%
(viii)Target Credit Enhancement Floor 1.25%
(ix) Target Credit Enhancement Amount $ 21,881,416.07
(I) Crossover Date Tests
Earliest Crossover Date Feb-2005
Percent of Initial Suboridnation Percentage 186.00%
(J) Class B-2 Floor Percentage (of Initial Pool Balance) 0.75%
II. CURRENT PORTFOLIO INFORMATION
(A) Beginning Pool Schedule Balance $309,237,583.01
(B) Beginning Pool Factor 74.195258%
(C) Ending Pool Schedule Balance $ 304,364,948.38
(D) Ending Pool Factor 73.026169%
(E) Ending Total Certificate Balance (after Current Distributions) $ 304,364,948.38
(F) Current Overcollateralization Amount (after Current Distributions) 0.00
(G) Weighted Average Coupon (WAC) 10.83%
(H) Weighted Average Remaining Maturity (WAM) 294.54 months
(I) Ending Number of Receivables 7,261
III. COLLECTION CALCULATIONS
(A) Interest
(i) Scheduled Interest Collections durring Current Period 2,360,999.26
(ii) Paid Ahead Interest Collections applied to Current Period 48,424.30
(iii) Net Servicer Advance (174,611.20)
(iiia)Reimbursement to Servicer For Previously Unrecovered Advances *VI(D) (150,325.32)
(iv) Liquidation Proceeds Attributable to Interest 155,763.74
(v) Repuchased Loan Proceeds Attributable to Interest (Breaches of Rep or Warranty) 0.00
(vi) Repuchased Loan Proceeds Attributable to Interest (Delinquent Loans) 0.00
(vii) Recoveries on Previously Liquidated Contracts 2,256.00
-------------
(viii)Total Interest Amount Available for Distribution 2,242,506.78
(B) Principal
(i) Scheduled Principal Collections 224,471.16
(ii) Full and Partial Principal Prepayments 744,565.17
(iii) Paid Ahead Principal Collections Applied to Current Period 442.57
(iv) Net Servicer Advance (7,926.67)
(v) Liquidation Proceeds Attributable to Principal 918,137.68
(vi) Repurchase Proceeds Attributable to Principal (Breaches of Rep or Warranty) 0.00
(vii) Repurchase Proceeds Attributable to Principal (Delinquent Loans) 0.00
(viii)Other Principal Amounts 0.00
-------------
(ix) Total Principal Amount Available for Distribution 1,879,689.91
IV. DISTRIBUTION CALCULATIONS
(A) Total Interest Available for Distribution 2,242,506.78
(B) Total Principal Available for Distribution 1,879,689.91
(C) Reserve Fund Draw Amount Required 0.00
(D) Draw on Letter of Credit for Interest Distribution 0.00
Less:
Monthly Servicing Fee 257,697.99
Reimbursement to Servicer for Liquidation Expense 77,616.29
Late Payment Fees, Extension Fees and Other Permitted Fees 0.00
Other Permitted Withdrawals from Certificate Account 0.00
-------------
Available Distribution Amount 3,786,882.41
Interest Accrual Period 31 days
Total Interest Amount Due 1,984,808.79
Total Interest Distribution Amount 1,984,808.79
Amount Available for Principal Distribution Amount 1,802,073.62
Principal Distribution Calculation:
Total Principal Amount Available for Distribution 1,879,689.91
Principal Loss on Liquidated Assets 2,992,944.72
------------
Principal Distribution Due 4,872,634.63
Overcollaterallization Writedown Amount 0.00
Overcollaterallization Reduction Amount 0.00
Accelerated Principal Distribution Amount for Current Period 0.00
-------------
Total Principal Amount to be Distributed 4,872,634.63
Draw on Letter of Credit for Principal Distribution 0.00
Excess Interest 0.00
Reserve Account Deposit 0.00
Reserve Account Release 0.00
Class X Distribution Amount 0.00
Class R Distribution Amount 0.00
V. SERVICER ADVANCE
(A) Interest
(i) Beginning Advance 12,765,960.48
(ii) Monthly Servicer Advance (Reimbursement) (174,611.20)
(iii) Reimbursement of Previously Unrecovered Advances *VI(D) (139,787.52)
-------------
(iv) Ending Advance Balance 12,451,561.76
(B) Principal
(i) Beginning Advance 1,009,862.45
(ii) Monthly Servicer Advance (Reimbursement) (7,926.67)
(iii) Reimbursement of Previously Unrecovered Advances *VI(D) (10,537.80)
-------------
(iv) Ending Advance Balance 991,397.98
(C) Total Servicer Advance
(i) Beginning Advance 13,775,822.93
(ii) Monthly Servicer Advance (Reimbursement) (182,537.87)
(iii) Reimbursement of Previously Unrecovered Advances *VI(D) (150,325.32)
-------------
(iv) Ending Advance Balance 13,442,959.74
VI. CREDIT ENHANCEMENT
(A) Overcollateralization
(I) Target Overcollaterallization Amount 21,881,416.07
(ii) Beginning Balance 0.00
(iii) Write Down for Certificate Distributions 0.00
(iv) Overcollaterallization Addition Amount 0.00
(v) Overcollaterallization Reduction Amount 0.00
-------------
(vi) Ending Balance 0.00
(B) Reserve Fund (if applicable)
(i) Required Reserve Fund Balance 0.00
(ii) Beginning Reserve Fund Balance 0.00
(iii) Draws for Certificate Distributions 0.00
(iv) Excess Interest Deposited 0.00
(v) Reserve Fund Release 0.00
-------------
(vi) Ending Reserve Fund Balance 0.00
(C) Letter of Credit (if applicable)
(i) Beginning LC Balance 0.00
(ii) Draw on LC for Interest Distribution 0.00
(iii) Draw on LC for Principal Distribution 0.00
-------------
(iv) Ending Balance 0.00
(D) Unreimbursed Servicer Advances (see note*)
(i) Previous Unreimbursed Advance Balance 4,722,580.82
(ii) Current Months Reimbursement from Excess Interest (150,325.32)
-------------
(iii) Ending Unreimbursed Advance Balance 4,572,255.50
Note: **represents advances made in respect of contracts that were liquidated,
and not reimbursed, before the current period.
VII. CERTIFICATE DISTRIBUTIONS
(A) Senior Certificates - Interest
(i) Class A-1
Pass-Through Rate 1.96%
Beginning Carryover Interest $ -
Current Interest Accrual $ 40,330.96
Current Carryover Interest Accrual $ -
Interest Paid $ 40,330.96
Ending Carryover Balance $ -
Interest Paid Per $1000 $ 0.47
(ii) Class A-2
Pass-Through Rate 7.58%
Beginning Carryover Interest $ -
Current Interest Accrual $ 446,926.40
Current Carryover Interest Accrual $ -
Interest Paid $ 446,926.40
Ending Carryover Balance $ -
Interest Paid Per $1000 $ 5.88
(iii) Class A-3
Pass-Through Rate 7.83%
Beginning Carryover Interest $ -
Current Interest Accrual $ 303,928.59
Current Carryover Interest Accrual $ -
Interest Paid $ 303,928.59
Ending Carryover Balance $ -
Interest Paid Per $1000 $ 6.08
(iv) Class A-4
Pass-Through Rate 8.29%
Beginning Carryover Interest $ -
Current Interest Accrual $ 479,657.52
Current Carryover Interest Accrual $ -
Interest Paid $ 479,657.52
Ending Carryover Balance $ -
Interest Paid Per $1000 $ 6.44
(v) Class A-5
Pass-Through Rate 8.32%
Beginning Carryover Interest $ -
Current Interest Accrual $ 161,474.19
Current Carryover Interest Accrual $ -
Interest Paid $ 161,474.19
Ending Carryover Balance $ -
Interest Paid Per $1000 $ 6.46
(B) Subordinate Certificates - Interest
(i) Class M1
Pass-Through Rate 8.51%
Beginning Carryover Interest $ -
Current Interest Accrual $ 207,017.91
Current Carryover Interest Accrual $ -
Interest Paid $ 207,017.91
Ending Carryover Balance $ -
Beginning Carryover Writedown Interest $ -
Current Writedown Interest $ -
Current Carryover Writedown Interest Accrual $ -
Writedown interest Paid $ -
Ending Carryover Writedown Interest $ -
Interest Paid Per $1000 $ 7.10
(ii) Class M2
Pass-Through Rate 9.00%
Beginning Carryover Interest $ -
Current Interest Accrual $ 156,307.50
Current Carryover Interest Accrual $ -
Interest Paid $ 156,307.50
Ending Carryover Balance $ -
Beginning Carryover Writedown Interest $ -
Current Writedown Interest $ -
Current Carryover Writedown Interest Accrual $ -
Writedown interest Paid $ -
Ending Carryover Writedown Interest $ -
Interest Paid Per $1000 $ 7.50
(iii) Class B1
Pass-Through Rate 9.00%
Beginning Carryover Interest $ -
Current Interest Accrual $ 140,677.50
Current Carryover Interest Accrual $ -
Interest Paid $ 140,677.50
Ending Carryover Balance $ -
Beginning Carryover Writedown Interest $ -
Current Writedown Interest $ -
Current Carryover Writedown Interest Accrual $ -
Writedown interest Paid $ -
Ending Carryover Writedown Interest $ -
Interest Paid Per $1000 $ 7.50
(iv) Class B2
Pass-Through Rate 9.00%
Beginning Carryover Interest $ -
Current Interest Accrual $ 48,488.22
Current Carryover Interest Accrual $ -
Interest Paid $ 48,488.22
Ending Carryover Balance $ -
Beginning Carryover Writedown Interest $ -
Current Writedown Interest $ -
Current Carryover Writedown Interest Accrual $ -
Writedown interest Paid $ -
Ending Carryover Writedown Interest $ -
Interest Paid Per $1000 $ 2.22
(C) Senior Certificates - Principal
(i) Class A-1
Initial Certificate Balance 85,000,000.00
Initial Certificate Percentage 20.39%
Beginning Certificate Balance 23,895,896.24
Current Principal Due 184,029.11
Current Principal Paid 184,029.11
Principal Shortfall Carryover For Current Period 0.00
Accelerated Principal Distribution 0.00
Ending Certificate Balance 23,711,867.13
Ending Pool Factor 7.79%
Principal Paid per $1000 2.17
Total Class Distribution 184,029.11
(ii) Class A-2
Initial Certificate Balance 76,000,000.00
Initial Certificate Percentage 18.23%
Beginning Certificate Balance 70,800,222.25
Current Principal Due 545,252.68
Current Principal Paid 545,252.68
Principal Shortfall Carryover For Current Period 0.00
Accelerated Principal Distribution 0.00
Ending Certificate Balance 70,254,969.57
Ending Pool Factor 23.08%
Principal Paid per $1000 7.17
Total Class Distribution 545,252.68
(iii) Class A-3
Initial Certificate Balance 50,000,000.00
Initial Certificate Percentage 12.00%
Beginning Certificate Balance 46,579,093.58
Current Principal Due 358,718.87
Current Principal Paid 358,718.87
Principal Shortfall Carryover For Current Period 0.00
Accelerated Principal Distribution 0.00
Ending Certificate Balance 46,220,374.71
Ending Pool Factor 15.19%
Principal Paid per $1000 7.17
Total Class Distribution 358,718.87
(iv) Class A-4
Initial Certificate Balance 74,531,000.00
Initial Certificate Percentage 17.88%
Beginning Certificate Balance 69,431,728.48
Current Principal Due 534,713.52
Current Principal Paid 534,713.52
Principal Shortfall Carryover For Current Period 0.00
Accelerated Principal Distribution 0.00
Ending Certificate Balance 68,897,014.96
Ending Pool Factor 22.64%
Principal Paid per $1000 7.17
Total Class Distribution 534,713.52
(v) Class A-5
Initial Certificate Balance 25,000,000.00
Initial Certificate Percentage 6.00%
Beginning Certificate Balance 23,289,546.80
Current Principal Due 179,359.44
Current Principal Paid 179,359.44
Principal Shortfall Carryover For Current Period 0.00
Accelerated Principal Distribution 0.00
Ending Certificate Balance 23,110,187.37
Ending Pool Factor 7.59%
Principal Paid per $1000 7.17
Total Class Distribution 179,359.44
(D) Subordinate Certificates - Principal
(i) Class M1
Initial Certificate Balance 29,178,000.00
Initial Certificate Percentage 7.00%
Beginning Certificate Balance 29,178,000.00
Current Principal Due 0.00
Current Principal Paid 0.00
Principal Shortfall Carryover For Current Period 0.00
Ending Certificate Balance- Excluding Writedowns 29,178,000.00
Ending Pool Factor 9.59%
Principal Paid per $1000 0.00
Beginning Outstanding Writedown 0.00
Current Writedown/Writeup 0.00
Ending Certificate Balance- Including Writedowns 29,178,000.00
Total Class Distribution 0.00
(ii) Class M2
Initial Certificate Balance 20,841,000.00
Initial Certificate Percentage 5.00%
Beginning Certificate Balance 20,841,000.00
Current Principal Due 0.00
Current Principal Paid 0.00
Principal Shortfall Carryover For Current Period 0.00
Ending Certificate Balance- Excluding Writedowns 20,841,000.00
Ending Pool Factor 6.85%
Principal Paid per $1000 0.00
Beginning Outstanding Writedown 0.00
Current Writedown/Writeup 0.00
Ending Certificate Balance- Including Writedowns 20,841,000.00
Total Class Distribution 0.00
(iii) Class B1
Initial Certificate Balance 18,757,000.00
Initial Certificate Percentage 4.50%
Beginning Certificate Balance 18,757,000.00
Current Principal Due 0.00
Current Principal Paid 0.00
Principal Shortfall Carryover For Current Period 0.00
Ending Certificate Balance- Excluding Writedowns 18,757,000.00
Ending Pool Factor 6.16%
Principal Paid per $1000 0.00
Beginning Outstanding Writedown 0.00
Current Writedown/Writeup 0.00
Ending Certificate Balance- Including Writedowns 18,757,000.00
Total Class Distribution 0.00
(iv) Class B2
Initial Certificate Balance 21,883,000.00
Initial Certificate Percentage 5.25%
Beginning Certificate Balance 6,465,095.65
Current Principal Due 0.00
Current Principal Paid 0.00
Principal Shortfall Carryover For Current Period 0.00
Ending Certificate Balance- Excluding Writedowns 21,883,000.00
Ending Pool Factor 1.12%
Principal Paid per $1000 140.32
Beginning Outstanding Writedown 15,417,904.34
Current Writedown/Writeup (3,070,561.01)
Ending Certificate Balance- Including Writedowns 3,394,534.64
Total Class Distribution (3,070,561.01)
(E) Total Certificate Balances
Beg of Period End of Period
(i) Aggregate Balance of Certificates $ 309,237,583.01 $ 304,364,948.38
(ii) Total Certificate Pool Factor 77.0800825% 75.8655371%
VIII.DELINQUENCY INFORMATION
Percent of Percent of
Delinquent Receivables at End of Due Period : Scheduled Balance Pool Balance Units Total Units
30-59 Days Delinquent $ 26,775,190.08 8.80% 643 8.86%
60-89 Days Delinquent $ 14,100,930.92 4.63% 334 4.60%
90 Days or More Delinquent $ 35,769,828.41 11.75% 811 11.17%
Homes Repossessed or Foreclosed Upon $ 10,004,408.25 3.29% 222 3.06%
Bankruptcy* (included in above delinquency$ 26,951,186.43 8.85% 595 8.19%
Extensions granted during period 172
Rewrites granted during period 0
* The Bankruptcy units and balances are already included in the above delinquency numbers.
This information is provided for reference only.
IX. REPURCHASED CONTRACTS
(A) Repurchased Contracts - Breach of Rep or Warranty
(i) Beginning Cumulative Repurchased Contracts since cutoff $ 1,225,016.66
(ii) Number of Contracts repurchased this period -
(iii) Repurchase Price of Contracts this period $ -
(iv) Ending Cumulative Repurchased Contracts since cutoff $ 1,225,016.66
(B) Repurchased Contracts - Delinquent Loans
(i) Beginning Cumulative Repurchased Contracts since cutoff $ -
(ii) Number of Contracts repurchased this period -
(iii) Repurchase Price of Contracts this period $ -
(iv) Ending Cumulative Repurchased Contracts since cutoff $ -
X. REPOSSESSION / LOSS INFORMATION
Units Scheduled Balance
Beginning Repossession Inventory 242 $ 10,899,598.29
Repossessions Incurred 77 $ 2,971,680.81
Less Repurchase of Delinquent Loans 0 $ -
Less Repossessions Sold 97 $ 3,866,870.85
_____________________________
Ending Repossession Inventory 222 $ 10,004,408.25
Principal Balance of Repossessions Liquidated $ 3,866,870.85
Reimbursement of Servicer Advances on Liquidated Contracts $ 44,211.55
Liquidation Proceeds Attributable to Principal $ 918,137.68
-------------
Principal Loss on Liquidation of Repo $ 2,992,944.72
Reimbursement to Servicer for Liquidation Expense $ 77,616.29
Recoveries for Previously Liquidated Contracts $ 2,256.00
-------------
Net Liquidation Loss (Realized Loss) $ 3,068,305.01
Recoveries
Liquidation Proceeds Attributable to Interest $ 155,763.74
Liquidation Proceeds Attributable to Principal $ 918,137.68
Recoveries for Previously Liquidated Contracts $ 2,256.00
-------------
Total Recoveries $ 1,076,157.42
Recovery Percentage of Principal Balance of Repossessions Liquidated 28%
XI. TRIGGERS
Has the Crossover Date Occurred? NO
Where the Current Distribution Date of 11/15/02
is greater than the Earliest Crossover Date of 2/29/2005
And
Subordinated Certificates Beginning Principal Balance of 75,241,095.65
plus the Current Overcollateralization Amount of 0.00
divided by the Current Beginning Pool Principal Balance of 309,237,583.01
------------
Equals 24.33%
------------
And is greater than the:
Subordinated Initital Certificates Percentage of 25.49%
multiplied by the
Percentage (as Percent of Initial Class Subordination Percentage) 186%
------------
Equals 47.41%
------------
Principal Distribution Tests: Actual Ratio Test Ratio Result
Over 60 Days Delinquent
-----------------------------
Current Mo 19.67%
1st Preceding Mo 20.16%
2nd Preceding Mo 19.35%
Average 60 Day Delinquency Ratio: 19.73% 5.50% FAIL
Over 30 Days Delinquent
-----------------------------
Current Mo 28.47%
1st Preceding Mo 29.32%
2nd Preceding Mo 27.95%
Average 30 Day Delinquency Ratio: 28.58% 8.50% FAIL
Net Liquidation Losses
Ending Pool Bal (Realized Losses)
-----------------------------------------------------------
Current Mo 304,364,948.38 3,068,305.01
1st Preceding Mo 309,237,583.01 3,645,985.65
2nd Preceding Mo 315,113,966.93 2,954,824.45
------------------------------------------------------------------------------
Total 928,716,498.32 9,669,115.11
------------------------------------------------------------------------------
Divided by 3
------------------------------------
Average 309,572,166.11
Sum of last 3 months of Losses 9,669,115.11
Divided by 3 month average of Pool Balance 309,572,166.11
Annualized (multiply by 4) 4
Current Realized Loss Ratio: 12.49% 3.00% FAIL
Beginning Cumulative Realized Losses 53,700,399.49
Net Liquidation Losses (Realized Losses) 3,068,305.01
-----------------
Ending Cumulative Realized Losses 56,768,704.50
Divided by Initial Pool Principal Balance 416,788,877.53
Cumulative Realized Loss Ratio: 13.62% 7.00% FAIL
Should Principal Be Distributed to the Subordinated Certificates? NO
The undersigned, duly authorized representatives of Bombardier Capital Inc., do
hereby certify that this Remittance Report has been prepared in accordance with
the Pooling and Servicing Agreement and is correct, to the best of our
knowledge.
BY: _____________________ DATE:_________________________
NAME: Ana Dropps
TITLE: Controller - Mortgage Finance Division
BY: _____________________ DATE:_________________________
NAME: Ana Dropps
TITLE: Vice President - Finance