General Servicing Considerations. monitoring performance or other triggers and events of default X monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets fidelity bond and E&O policies in effect X timing of deposits to custodial account X wire transfers to investors by authorized personnel X advances or guarantees made, reviewed and approved as required X accounts maintained as required X accounts at federally insured depository institutions X unissued checks safeguarded X monthly reconciliations of accounts X investor reports X remittances X proper posting of distributions X reconciliation of remittances and payment statements X maintenance of pool collateral X safeguarding of pool assets/documents X additions, removals and substitutions of pool assets posting and allocation of pool asset payments to pool assets reconciliation of servicer records modifications or other changes to terms of pool assets loss mitigation and recovery actions records regarding collection efforts adjustments to variable interest rates on pool assets matters relating to funds held in trust for obligors payments made on behalf of obligors (such as for taxes or insurance) late payment penalties with respect to payments made on behalf of obligors records with respect to payments made on behalf of obligors recognition and recording of delinquencies, charge-offs and uncollectible accounts X maintenance of external credit enhancement or other support 1 The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-2), Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2007-1)
General Servicing Considerations. monitoring performance or other triggers and events of default X monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets fidelity bond and E&O policies in effect X timing of deposits to custodial account X wire transfers to investors by authorized personnel X advances or guarantees made, reviewed and approved as required X accounts maintained as required X accounts at federally insured depository institutions X unissued checks safeguarded X monthly reconciliations of accounts X investor reports X remittances X proper posting of distributions X reconciliation of remittances and payment statements X maintenance of pool collateral X safeguarding of pool assets/documents X additions, removals and substitutions of pool assets posting and allocation of pool asset payments to pool assets reconciliation of servicer records modifications or other changes to terms of pool assets loss mitigation and recovery actions records regarding collection efforts adjustments to variable interest rates on pool assets matters relating to funds held in trust for obligors payments made on behalf of obligors (such as for taxes or insurance) late payment penalties with respect to payments made on behalf of obligors records with respect to payments made on behalf of obligors recognition and recording of delinquencies, charge-offs and uncollectible accounts X maintenance of external credit enhancement or other support 1 The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria.support
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2007-1), Pooling and Servicing Agreement (TBW Mortgage-Backed Trust Series 2006-6)
General Servicing Considerations. monitoring performance or other triggers and events of default X monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets fidelity bond and E&O policies in effect X timing of deposits to custodial account X wire transfers to investors by authorized personnel X advances or guarantees made, reviewed and approved as required X accounts maintained as required X accounts at federally insured depository institutions X unissued checks safeguarded X monthly reconciliations of accounts X investor reports X remittances X proper posting of distributions X reconciliation of remittances and payment statements X maintenance of pool collateral X safeguarding of pool assets/documents X additions, removals and substitutions of pool assets posting and allocation of pool asset payments to pool assets reconciliation of servicer records modifications or other changes to terms of pool assets loss mitigation and recovery actions records regarding collection efforts adjustments to variable interest rates on pool assets matters relating to funds held in trust for obligors payments made on behalf of obligors (such as for taxes or insurance) late payment penalties with respect to payments made on behalf of obligors records with respect to payments made on behalf of obligors recognition and recording of delinquencies, charge-offs and uncollectible accounts X maintenance of external credit enhancement or other support 1 ________________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Second Lien Trust 2006-1)
General Servicing Considerations. monitoring performance or other triggers and events of default X monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets fidelity bond and E&O policies in effect X timing of deposits to custodial account X wire transfers to investors by authorized personnel X advances or guarantees made, reviewed and approved as required X accounts maintained as required X accounts at federally insured depository institutions X unissued checks safeguarded X monthly reconciliations of accounts X investor reports X remittances X proper posting of distributions X reconciliation of remittances and payment statements X maintenance of pool collateral X safeguarding of pool assets/documents X additions, removals and substitutions of pool assets posting and allocation of pool asset payments to pool assets reconciliation of servicer records modifications or other changes to terms of pool assets loss mitigation and recovery actions records regarding collection efforts adjustments to variable interest rates on pool assets matters relating to funds held in trust for obligors payments made on behalf of obligors (such as for taxes or insurance) late payment penalties with respect to payments made on behalf of obligors records with respect to payments made on behalf of obligors recognition and recording of delinquencies, charge-offs and uncollectible accounts X maintenance of external credit enhancement or other support 1 _______________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2006-1)
General Servicing Considerations. monitoring performance or other triggers and events of default X monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets fidelity bond and E&O policies in effect X timing of deposits to custodial account X wire transfers to investors by authorized personnel X advances or guarantees made, reviewed and approved as required X accounts maintained as required X accounts at federally insured depository institutions X unissued checks safeguarded X monthly reconciliations of accounts X investor reports X remittances X proper posting of distributions X reconciliation of remittances and payment statements X maintenance of pool collateral X safeguarding of pool assets/documents X additions, removals and substitutions of pool assets posting and allocation of pool asset payments to pool assets X reconciliation of servicer records X modifications or other changes to terms of pool assets X loss mitigation and recovery actions X records regarding collection efforts X adjustments to variable interest rates on pool assets X matters relating to funds held in trust for obligors X payments made on behalf of obligors (such as for taxes or insurance) X late payment penalties with respect to payments made on behalf of obligors X records with respect to payments made on behalf of obligors X recognition and recording of delinquencies, charge-offs and uncollectible accounts X maintenance of external credit enhancement or other support 1 X The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2006-1)
General Servicing Considerations. monitoring performance or other triggers and events of default X monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets fidelity bond and E&O policies in effect X timing of deposits to custodial account X wire transfers to investors by authorized personnel X advances or guarantees made, reviewed and approved as required X accounts maintained as required X accounts at federally insured depository institutions X unissued checks safeguarded X monthly reconciliations of accounts X investor reports X remittances X proper posting of distributions X reconciliation of remittances and payment statements X maintenance of pool collateral X safeguarding of pool assets/documents X additions, removals and substitutions of pool assets posting and allocation of pool asset payments to pool assets reconciliation of servicer records modifications or other changes to terms of pool assets loss mitigation and recovery actions records regarding collection efforts adjustments to variable interest rates on pool assets matters relating to funds held in trust for obligors payments made on behalf of obligors (such as for taxes or insurance) late payment penalties with respect to payments made on behalf of obligors records with respect to payments made on behalf of obligors recognition and recording of delinquencies, charge-offs and uncollectible accounts X maintenance of external credit enhancement or other support 1 _________________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-1)
General Servicing Considerations. monitoring performance or other triggers and events of default X monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets fidelity bond and E&O policies in effect X timing of deposits to custodial account X wire transfers to investors by authorized personnel X advances or guarantees made, reviewed and approved as required X accounts maintained as required X accounts at federally insured depository institutions X unissued checks safeguarded X monthly reconciliations of accounts X investor reports X remittances X proper posting of distributions X reconciliation of remittances and payment statements X maintenance of pool collateral X safeguarding of pool assets/documents X additions, removals and substitutions of pool assets posting and allocation of pool asset payments to pool assets reconciliation of servicer records modifications or other changes to terms of pool assets loss mitigation and recovery actions records regarding collection efforts adjustments to variable interest rates on pool assets matters relating to funds held in trust for obligors payments made on behalf of obligors (such as for taxes or insurance) late payment penalties with respect to payments made on behalf of obligors records with respect to payments made on behalf of obligors recognition and recording of delinquencies, charge-offs and uncollectible accounts X maintenance of external credit enhancement or other support 1 ___________________________ The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-Oa2)