Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class allocable to interest; (iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date; (v) the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period; (vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap; (vii) the amount of Advances included in the distribution on such Distribution Date; (viii) the cumulative amount of Applied Realized Loss Amounts to date; (ix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (x) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xi) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period; (xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date; (xiii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month; (xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and (xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Certs Ser 2003-Ac7), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Trust 2004 Ac1), Pooling and Servicing Agreement (Bear Stearns Asset Backed Certs Series 2003-Ac6)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller, the Class AF-5B Insurer and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date and (iii) the allocation of any Subsequent Recoveries for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are converted to REO Properties in bankruptcy or foreclosure or are REO Properties, and each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Liquidated Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLoans;
(xiii14) with respect to any Liquidated Mortgage Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC whether a Fixed Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; andTrigger Event, an Adjustable Rate Trigger Event and/or a Group 2 Sequential Trigger Event has occurred;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable Certificates;
(17) prior to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement end of the Funding Period, (and, at its optionA) the amount on deposit in the Pre-Funding Account (if any) on the related Determination Date (net of investment income) and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and on the Distribution Date immediately following the end of the Funding Period, any additional files containing unused Pre- Funded Amount (if any) included in the same information in an alternative formatPrincipal Distribution Amount for such Distribution Date;
(18) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk amount, if any, of Realized Losses and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible Subsequent Recoveries allocated to the above parties. To Class 2-A-2 Certificates and the extent timely received from Fixed Rate Subordinate Certificates and the Securities AdministratorAdjustable Rate Subordinate Certificates for such Distribution Date;
(19) the amount, if any, due to the Trustee will also make on behalf of the related Monthly Statements available to Certificateholders via Trust, and the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing amount, if any, received by the Trustee's internet website can be obtained by calling Trustee on behalf of the Trustee's customer service desk at (800) 934-6802.Trust, in respect of each Corridor Contract for such Distribution Date;
(b20) The Securities Administrator's responsibility all payments made by the Master Servicer in respect of Compensating Interest for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of such Distribution Date;
(21) the information derived from set forth in the Prepayment Charge Schedule;
(22) with respect to any Mortgage Loan repurchased by a Seller or purchased by the Depositor or the Master Servicer, the Company loan number and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment AssumptionStated Principal Balance relating thereto;
(ii23) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each amount paid by the Class of regular and residual interests created hereunder and AF-5B Insurer under the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of Class AF-5B Policy for such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMICDistribution Date; and
(vii24) Any taxes (including penalties and interest) imposed on all amounts paid to the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by Class AF-5B Insurer in respect of the Depositor pursuant to Section 10.12Class AF-5B Reimbursement Amount for such Distribution Date.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2005-3), Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2005-3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer Certificates and the Depositor via its website a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and therein, (C) the Extra Principal Distribution Amount (if any)) and (D) the amount of Prepayment Charges distributed to the Class P Certificates;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts Losses for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the amount of the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, Period and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the cumulative amount of Advances included Realized Losses to date and, in addition, if the distribution on such Distribution DateCertificate Principal Balances of the Mezzanine Certificates have all been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Certificates;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans in (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan Loans that was were liquidated during the preceding calendar month, the loan number and the aggregate of the Stated Principal Balance Balances of, and Realized Loss Losses on, such Mortgage Loan Loans as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xix) the total number and principal balance of any real estate owned or REO Properties as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiiixii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xivxiii) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund;
(xiv) the amount of any Guaranteed Distribution paid on such Distribution Date, the amount of any Reimbursement Amount paid to the Certificate Insurer on such Distribution Date pursuant to paragraph 2 of clause THIRD of Section 5.04(a) and the amount of any Reimbursement Amount remaining after giving effect to any such payments to the Certificate Insurer; and
(xv) the amount amounts payable in respect of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesCap Contract. The Securities Administrator Trustee may make the foregoing Monthly Statement monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities AdministratorTrustee's internet website. The Securities AdministratorTrustee's internet website shall initially be located at "www.ctslink.com___________". Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities AdministratorTrustee's customer service desk at (301___) 815___-6600____. Parxxxx xxxx xxx Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator Trustee may change the way Monthly Statements monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities AdministratorTrustee's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and provided by the Servicers. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 6.05 5.06 to each Rating AgencyAgency and the Certificate Insurer.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.129.12.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc.), Pooling and Servicing Agreement (Nomura Asset Acceptance Corp)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer Certificates and the Depositor via its website a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and therein, (C) the Extra Principal Distribution Amount (if any)) and (D) the amount of Prepayment Charges distributed to the Class P Certificates;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts Losses for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the amount of the Servicing Fees paid to or retained by the Company or the related each Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, Period and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the cumulative amount of Advances included Realized Losses to date and, in addition, if the distribution on such Distribution DateCertificate Principal Balances of the Mezzanine Certificates have all been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Certificates;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans in (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan Loans that was were liquidated during the preceding calendar month, the loan number and the aggregate of the Stated Principal Balance Balances of, and Realized Loss Losses on, such Mortgage Loan Loans as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xix) the total number and principal balance of any real estate owned or REO Properties as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiiixii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xivxiii) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund;
(xiv) the amount of any Guaranteed Distribution paid on such Distribution Date, the amount of any Reimbursement Amount paid to the Certificate Insurer on such Distribution Date pursuant to paragraph 2 of clause THIRD of Section 5.04(a) and the amount of any Reimbursement Amount remaining after giving effect to any such payments to the Certificate Insurer; and
(xv) the amount amounts payable in respect of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesCap Contract. The Securities Administrator Trustee may make the foregoing Monthly Statement monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities AdministratorTrustee's internet website. The Securities AdministratorTrustee's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx Assixxxxxx xx xxing xxxxx the website can be obtained by calling the Securities AdministratorTrustee's customer service desk at (301) 815-6600. Parxxxx Partiex xxxx xxx unable xxxble to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator Trustee may change the way Monthly Statements monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities AdministratorTrustee's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and provided by the Servicers. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 6.05 5.06 to each Rating AgencyAgency and the Certificate Insurer.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.129.12.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (NAAC Alternative Loan Trust, Series 2004 - AP3), Pooling and Servicing Agreement (NAAC Alternative Loan Trust, Series 2004 - AP3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carryforward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) [reserved];
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) the amount of any Enhancement Payments made with respect to such Distribution Date;
(xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event has occurred;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-IO Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-IO Certificates) on such Distribution Date;
(xix) [reserved];
(xx) with respect to the September 2001 Distribution Date, (A) the amount on deposit in the Net WAC Reserve FundPre-Funding Account (if any) on the related Determination Date and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and the amount any Enhancement Payments for such Distribution Date and the amount remaining under the Seller Loss Coverage Obligation;
(xxi) with respect to the October 2001 Distribution Date, (A) the remaining amounts in Pre-Funding Account (if any) at the end of the Funding Period that are included in the Principal Distribution Amount and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and the amount any Enhancement Payments for such Distribution Date and the amount remaining under the Seller Loss Coverage Obligation;
(xxii) the amount, if any, received under the Cap Contract for such Distribution Date; and
(xvxxiii) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Reserve Fund Excluded Carryover Amount.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.bnymbs.com.
(c) Within a reasonable period of time after the end of each timx xxxxx xxx xxx xx xxch calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Back Certificates Series 2001-3), Pooling and Servicing Agreement (Cwabs Inc Asset Back Certificates Series 2001-3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) the Fixed Rate Extra Principal Distribution Amount (if any) and the Adjustable Rate Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Class Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for each Loan Group for the following Distribution Date;
(v) the related amount of the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due PeriodMaster Servicer;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) any Interest Carryforward Amount for each such Class;
(viii) the Fixed Net Rate and the Adjustable Net Rate;
(ix) the amount of Advances for each Certificate Group included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts for each Certificate Group to date;
(ixxi) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 30 days, (2) 31 to 60 days, (23) 61 to 90 days and (34) 91 or more days, and (B) in foreclosure and delinquent (1) 30 days, (2) 31 to 60 days, (23) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date and the date of acquisition thereof;
(xixiii) the total number and principal balance of any real estate owned or REO Properties in each Loan Group as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixiv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end Stated Principal Balance of the preceding monthall Liquidated Loans in each Loan Group;
(xivxv) with respect to any Liquidated Loan in each Loan Group, the loan number and Stated Principal Balance relating thereto;
(xvi) with respect to each Loan Group, whether a Trigger Event has occurred;
(xvii) any Fixed Net WAC Rate Carryover Amount for paid and any remaining Fixed Net Rate Carryover remaining on the Fixed Rate Certificates on such Distribution Date;
(xviii) any Adjustable Rate Certificate Carryover paid and any remaining Adjustable Rate Certificate Carryover remaining on each Class of Adjustable Rate Certificates and the amount on deposit in the Net WAC Reserve Fundsuch Distribution Date; and
(xvxix) the amount of the distribution made on such Distribution Date with respect to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administratorsecond Distribution Date, the Trustee will also make number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty (30) days after the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Closing Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Cwabs Inc), Pooling and Servicing Agreement (Cwabs Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carryforward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) [reserved];
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) the amount of any Enhancement Payments made with respect to such Distribution Date;
(xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event has occurred;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-IO Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-IO Certificates) on such Distribution Date;
(xix) [reserved];
(xx) with respect to the June 2001 Distribution Date, (A) the amount on deposit in the Net WAC Reserve FundPre-Funding Account (if any) on the related Determination Date and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and the amount any Enhancement Payments for such Distribution Date and the amount remaining under the Seller Loss Coverage Obligation;
(xxi) with respect to the July 2001 Distribution Date, (A) the remaining amounts in Pre-Funding Account (if any) at the end of the Funding Period that are included in the Principal Distribution Amount and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and the amount any Enhancement Payments for such Distribution Date and the amount remaining under the Seller Loss Coverage Obligation;
(xxii) the amount, if any, received under the Cap Contract for such Distribution Date; and
(xvxxiii) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Reserve Fund Excluded Carryover Amount.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.bnymbs.com.
(c) Within a reasonable period of time after the end xx xxxx xxxxx xxx xxd of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Cwabs Inc), Pooling and Servicing Agreement (Cwabs Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance Amount of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the amount of the Master Servicing Fee paid to or retained by the Master Servicer for the related Due Period and the amount of the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Interest Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC related Interest Rate Cap;
(vii) the amount of Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period;
(xi) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's ’s internet website. The Securities Administrator's ’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxx.xxx”. Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities Administrator's ’s customer service desk at (301000) 815000-66000000. Parxxxx xxxx xxx Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities Administrator's ’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall cause to be furnished furnish upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 6.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class class of regular Regular Interests and residual interests Residual Interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class class of regular Regular Interests and residual interests Residual Interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class class of regular or residual interests Regular Interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests Regular Interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests Regular Interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "“prohibited transactions," "” “contributions" ” or "“net income from foreclosure property" ” or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac7), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac4)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Master Servicer shall prepare and make available cause to be forwarded by first Class mail to each Holder of Certificatesa Class of Certificates of the Trust Fund, the Trustee, the Master Servicer Subservicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (Btherein and(B) the aggregate of all scheduled payments of principal included therein and (C) the Extra Principal Distribution Amount (Amount, if any);
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carryforward Amount;
(iv) the Class Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Pool Stated Principal Balances of all of the Mortgage Loans Balance for the following Distribution Date;
(vvi) the related amount of the Servicing Fees Fee paid to or retained by the Company or the related Servicer for the related Due PeriodSubservicer;
(vivii) the related amount of the Master Servicer Fee paid to or retained by the Master Servicer;
(viii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Net WAC Rate CapDistribution Date;
(viiix) the Net Mortgage Rates for each of the Group I Mortgage Loans and the Group II Mortgage Loans;
(x) the amount of Advances for each Certificate Group included in the distribution on such Distribution Date;
(viiixi) the cumulative amount of Applied Realized Loss Amounts for each Certificate Group to date;
(ixxii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 30 days, (2) 31 to 60 days, (23) 61 to 90 days and (34) 91 or more days, and (B) in foreclosure and delinquent (1) 30 days, (2) 31 to 60 days, (23) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date and the date of acquisition thereof;
(xixiv) the total number and principal balance of any real estate owned or REO Properties in each Loan Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixv) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Liquidated Loans as of the last day of the calendar month preceding such Distribution Date;
(xiii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for in each Class of Certificates and the amount on deposit in the Net WAC Reserve FundLoan Group; and
(xvxvi) the amount of the distribution made on such Distribution Date with respect to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information Liquidated Loan in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities AdministratorLoan Group, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.loan number and Stated Principal Balance relating thereto;
(bxvii) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 with respect to each Rating Agency.Loan Group, whether a Group I Trigger Event or a Group II Trigger Event has occurred; and
(cxviii) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Group II Certificates, any Class of regular and residual interests created hereunder and on the Mortgage LoansIIA-1 Interest Carryover Amount, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage LoansIIM-1 Interest Carryover Amount, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) Class IIM-2 Interest Carryover Amount or premium accrued or amortized through the end of such calendar quarter with respect to each any Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12IIB Interest Carryover Amount.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morserv Inc), Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carryforward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool, each Loan Group and each Loan Subgroup;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) any Group 1 Net Rate Carryover and Group 2 Net Rate Carryover paid on such Distribution Date;
(ix) the amount of Advances for each Certificate Group included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts for each Certificate Group to date;
(ixxi) the amount of any Enhancement Payments made with respect to such Distribution Date;
(xii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group and each Loan Subgroup: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 30 days, (2) 61 30 to 90 59 days, (3) 60 to 89 days and (34) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 to 60 30 days, (2) 61 30 to 90 59 days, (3) 60 to 89 days and (34) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group and Loan Subgroup, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance Balances of the any Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are converted to REO Properties, in each Loan Group and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans each Loan Subgroup as of the last day close of business on the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans in each Loan Group;
(xivxvi) with respect to any Liquidated Loan in each Loan Group and each Loan Subgroup, the loan number and Stated Principal Balance relating thereto;
(xvii) with respect to each Loan Group, whether a Trigger Event has occurred;
(xviii) any Group 1 Net WAC Rate Carryover Amount for paid and any remaining Group 1 Net Rate Carryover remaining on the Group 1 Certificates on such Distribution Date;
(xix) any Group 2 Net Rate Carryover paid and any remaining Group 2 Net Rate Carryover remaining on each Class of Group 2 Certificates and on such Distribution Date;
(xx) with respect to the March 2001 Distribution Date, (A) the amount on deposit in the Net WAC Reserve Fund; and
Pre-Funding Account (xvif any) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available Determination Date (specifying the portions thereof allocated to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause purchase Subsequent Mortgage Loans to be furnished upon request to each Person who at any time during the calendar year was a Certificateholderincluded in Loan Group 1, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(iLoan Subgroup 2A and Loan Subgroup 2B, respectively) and (a)(iiB) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation the aggregate Stated Principal Balances of the Trustee shall be deemed to have been satisfied to Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the extent that substantially comparable information shall be provided by related Due Period (specifying the Trustee or aggregate Stated Principal Balances such Subsequent Mortgage Loans included in the Securities Administrator pursuant to any requirements of Loan Group 1, Loan Subgroup 2A and Loan Subgroup 2B, as the Code as from time to time in effect.case may be);
(dxxi) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
April 2001 Distribution Date, (iA) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
remaining amounts in Pre-Funding Account (iiif any) The projected remaining principal and interest cash flows as of at the end of any calendar quarter with respect to each Class of regular the Funding Period that are included in (x) the Group 1 Principal Distribution Amount and residual interests created hereunder and (y) the Mortgage Loans, based on the Prepayment Assumption;
Group 2 Principal Distribution Amount (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of clause (y), specifying the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and portion thereof allocated to the Mortgage Loans, together with each constant yield to maturity used in computing Class AV-1 Certificates and the same;
(v) The treatment of losses realized with respect portion thereof allocated to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iiiClass AV-2) and (ivB) above shall be provided by the Depositor pursuant to Section 10.12.aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period (specifying the aggregate Stated Principal Balances such Subsequent Mortgage Loans included in the Loan Group 1, Loan Subgroup 2A and Loan Subgroup 2B, as the case may be); and the amount any Enhancement Payments for such Distribution Date and the amount remaining under the Seller Loss Coverage Obligation; and (xxii) the amount, if any, received under the Cap Contract for such Distribution Date; and
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Cwabs Inc), Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2001-1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) the Fixed Rate Extra Principal Distribution Amount (if any) and the Adjustable Rate Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Class Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for each Loan Group for the following Distribution Date;
(v) the related amount of the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due PeriodMaster Servicer;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) any interest carryforward amount for each such Class;
(viii) [reserved];
(ix) the amount of Advances for each Certificate Group included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts for each Certificate Group to date;
(ixxi) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 89 days, (3) 90 or more days and (34) 91 or more daysin bankruptcy, and (B) in foreclosure and delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 days and 89 days, (3) 91 90 or more days and (C4) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more daysbankruptcy, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date and the date of acquisition thereof;
(xixiii) the total number and principal balance of any real estate owned or REO Properties in each Loan Group as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixiv) the Realized Losses during the related Prepayment Period Stated Principal Balance of all Liquidated Loans in each Loan Group and the cumulative Realized Losses for each Loan Group through the end of the preceding month;
(xivxv) with respect to any Liquidated Loan in each Loan Group, the Net WAC Rate Carryover Amount for loan number and Stated Principal Balance relating thereto;
(xvi) with respect to each Class of Certificates and the amount on deposit in the Net WAC Reserve FundLoan Group, whether a Trigger Event has occurred; and
(xvxvii) the amount any Adjustable Rate Certificate Carryover paid and any remaining Adjustable Rate Certificate Carryover remaining on each Class of the distribution made Adjustable Rate Certificates on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Bk Sec Inc Asset Bk Cer Ser 1999-2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of a Class of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificatesforth:
(i) the amount of the related distribution to Holders of each Class of Certificates allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments Scheduled Payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class of Certificates allocable to interest, any Unpaid Interest Shortfall included in such distribution and any remaining Unpaid Interest Shortfall after giving effect to such distribution;
(iii) the Certificate Class Principal Balance or Certificate Class Notional Balance Balance, as the case may be, of each Class of Certificates after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Pool Stated Principal Balances of all of the Mortgage Loans Balance for the following Distribution Date;
(va) the aggregate of the Servicing Fees paid to or retained by the Company or Servicers, (b) the related compensation paid to the Master Servicer for and (c) the related Due Periodcompensation paid to the Trustee;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Net WAC Rate CapDistribution Date;
(vii) the Net WAC Rate for such Distribution Date;
(viii) the aggregate of the Stated Principal Balances of the Discount Loans and, for any Distribution Date following the Initial Optional Call Date, the weighted average of the Net Mortgage Rates of the Discount Loans;
(a) the amount of Servicer Advances included in the distribution on such Distribution Date and (b) the amount of Master Servicer Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ixx) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 30 days, (2) 31 to 60 days, (23) 61 to 90 days and (34) 91 or more days, (B) in foreclosure and delinquent (1) 30 days, (2) 31 to 60 days, (23) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, and (C) as to which foreclosure has been postponed, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxi) the Rolling Six-Month Delinquency Rate for such Distribution Date;
(xii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date and the date of acquisition thereof;
(xixiii) the total number and principal balance of any real estate owned or REO Properties as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixiv) the three month rolling average of the percent equivalent of a fractionwith respect to any Liquidated Loan, the numerator of which is the aggregate loan number, Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is Realized Losses relating thereto;
(xv) the aggregate Stated Principal Balance of all Liquidated Loans, the aggregate of all Realized Losses relating thereto incurred during the Mortgage Loans as preceding calendar month, and the portion of such Realized Losses attributable to Special Hazard Losses, Fraud Losses and Bankruptcy Losses, respectively;
(xvi) the last day aggregate amount of the calendar month preceding Realized Losses allocated to each Class of Certificates for such Distribution Date;
(xiiixvii) the Realized Losses during Senior Credit Enhancement Percentage, the related Prepayment Period Mezzanine Credit Enhancement Percentage and the cumulative Realized Losses through the end of the preceding monthsuch Class Credit Enhancement Percentage separately stated, before and after giving effect to distributions on such Distribution Date;
(xivxviii) the Net WAC Rate Carryover Amount whether a Trigger Event is in effect for such Distribution Date;
(xix) whether a Credit Enhancement Lockout Event with respect to each Class of the Mezzanine Certificates and the amount on deposit Subordinate Certificates is in the Net WAC Reserve Fundeffect for such Distribution Date;
(xx) whether a Stepdown Condition Precedent is in effect for such Distribution Date; and
(xvxxi) the amount of Purchase Price paid for any Defective Mortgage Loans and Defaulted Mortgage Loans purchased by the distribution made on such Distribution Date to Seller or the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, applicable Servicer and any additional files containing the same information Substitution Adjustment Amounts paid in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802connection with any Replacement Mortgage Loans.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived obtained from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to (i) Redwood Trust, Inc. at 000 Xxxxxxx Xxxxxxx, Xxxxx 0000, Xxxx Xxxxxx, Xxxxxxxxxx 00000, (ii) each Rating AgencyAgency at its address specified in Section 10.05(b) hereof and (iii) Bloomberg Financial Markets at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Xxxx Xxxxxx and 000 Xxxxxxxx Xxxx Xxxxx, Xxxxxxxx, New Jersey 08542, Attention: Xxxx Xxxx.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vii) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R and Class A-RLT Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each A-R or Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any nonA-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12RLT Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance Amount of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the amount of the Master Servicing Fee paid to or retained by the Master Servicer for the related Due Period and the amount of the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC related Interest Rate Cap;
(vii) the amount of Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period;
(xi) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.comxxx.xxxxxxx.xxx". Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at (301000) 815000-66000000. Parxxxx xxxx xxx Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxxxxxxx://xxxxxxxxxxxxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing Assistance in using the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800000) 934000-68020000.
(b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 6.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class Certificateholders allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments principal prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class Certificateholders allocable to interestinterest and, with respect to the Group I Certificates, the portion thereof, if any, provided by the Swap Agreement;
(iii) Unpaid Interest Shortfall Amount and any Net WAC Cap Rate Carryover Amounts for the Class I-A, Class I-M and Class I-B Certificates and Group II Offered Certificates;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each the Class I-A, Class I-M and Class I-B Certificates and Group II Certificates before and after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for and Charge-Off Amounts, as applicable, on such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances Balance of all of the Mortgage Group I Loans or Group II HELOCs, as applicable, for the following Distribution Date;
(vvi) the amount of the related Servicing Fees paid to or retained by and the Company or the related Master Servicer Fees for the related Due Collection Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, for such Distribution Date and whether such Pass-Through Rate rate was limited by based on the related Net WAC Rate CapCap Rate;
(viiviii) the amount of Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts Stated Principal Balance of Mortgage the Group I Loans or Group II HELOCs, as applicable, (A) Delinquent (Delinquent, exclusive of Mortgage Group I Loans or Group II HELOCs in foreclosure and bankruptcy) foreclosure, (1) 31 to 60 30-59 days, (2) 61 to 90 60-89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 to 60 30-59 days, (2) 61 to 90 60-89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) with respect to any Mortgage Group I Loan or Group II HELOC that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss onor Charge-Off Amount, as applicable, on such Mortgage Group I Loan or Group II HELOC as of the end of the related Prepayment Collection Period;
(xi) whether a Trigger Event exists;
(xii) the total number and principal balance of any related real estate owned owned, or REO Properties REO, properties as of the end of the related Prepayment Collection Period;
(xiixiii) the three cumulative Realized Losses or Charge-Off Amounts, as applicable, through the end of the preceding month;
(xiv) the three-month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Group I Loans or Group II HELOCs that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance Balances of all of the Mortgage Group I Loans or Group II HELOCs, as of the last day of the calendar month preceding such Distribution Date;
(xiii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; andapplicable,
(xv) the amount of the distribution made Prepayment Charges remitted by the related Servicer and the amount on such Distribution Date deposit in the related Reserve Fund; and
(xvi) the amount of any Net Swap Payment payable to the Holders portion of the Class P Certificates allocable trust representing the Group I Certificates, any Net Swap Payment payable to Prepayment Chargesthe Swap Provider, any Swap Termination Payment payable to the trust and any Swap Termination Payment payable to the Swap Provider. The foregoing information and reports shall be prepared and determined by the Securities Administrator based solely on data provided to the Securities Administrator by the Master Servicer (in a format agreed to by the Securities Administrator and the Master Servicer) no later than five (5) Business Days prior to the Distribution Date. In preparing or furnishing the foregoing information, the Securities Administrator shall be entitled to rely conclusively on the accuracy of the information or data regarding the Mortgage Loans and the related REO Property that has been provided to the Securities Administrator by the Master Servicer, and the Securities Administrator shall not be obligated to verify, recompute, reconcile or recalculate any such information or data. The Securities Administrator may shall be entitled to conclusively rely on the Mortgage Loan data provided by the Master Servicer and shall have no liability for any errors in such Mortgage Loan data. The Securities Administrator will make the foregoing Monthly Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to the parties hereto, the Certificateholders and each Rating Agency via the Securities Administrator's ’s internet website. The Securities Administrator's ’s internet website shall initially be by located at "www.ctslink.com"wxx.xxxxxxxx.xxx. Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities Administrator's ’s customer service desk at (301000) 815000-66000000. Parxxxx xxxx xxx Parties that are unable to use the above distribution options option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may shall have the right to change the way Monthly Statements such statements are distributed in order to make such distributions distribution more convenient or and/or more accessible to the above partiesparties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. To the extent timely received from As a condition to access the Securities Administrator’s internet website, the Trustee will also make Securities Administrator may require registration and the related Monthly Statements available to Certificateholders via the Trustee's internet websiteacceptance of a disclaimer. The Trustee's internet website Securities Administrator will initially not be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing liable for the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802dissemination of information in accordance with this Agreement.
(b) The Securities Administrator's ’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicersrelated Servicer. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 6.06 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall cause to be furnished upon written request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 6.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Pass-Through Certificates, Series 2005-5)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller, the Class AF-5B Insurer and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date and (iii) the allocation of any Subsequent Recoveries for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date; 146
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are converted to REO Properties in bankruptcy or foreclosure or are REO Properties, and each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Liquidated Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLoans;
(xiii14) with respect to any Liquidated Mortgage Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC whether a Fixed Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; andTrigger Event, an Adjustable Rate Trigger Event, a Group 3 Sequential Trigger Event or a Group 4 Sequential Trigger Event has occurred;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable Certificates;
(17) prior to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement end of the Funding Period, (and, at its optionA) the amount on deposit in the Pre-Funding Account (if any) on the related Determination Date (net of investment income) and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and on the Distribution Date immediately following the end of the Funding Period, any additional files containing unused Pre-Funded Amount (if any) included in the same information in an alternative formatPrincipal Distribution Amount for such Distribution Date;
(18) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk amount, if any, of Realized Losses and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible Subsequent Recoveries allocated to the above parties. To the extent timely received from the Securities AdministratorClass 2-AV-2 and Class 3-AV-3 Certificates, the Trustee will also make Fixed Rate Subordinate Certificates and the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.Adjustable Rate Subordinate Certificates for such Distribution Date;
(b19) The Securities Administrator's responsibility the amount, if any, received in respect of each Corridor Contract for making such Distribution Date;
(20) all payments made by the above information available to the Certificateholders is limited to the availability, timeliness and accuracy Master Servicer in respect of Compensating Interest for such Distribution Date; 147
(21) the information derived from set forth in the Prepayment Charge Schedule;
(22) with respect to any Mortgage Loan repurchased by a Seller or purchased by the Depositor or the Master Servicer, the Company loan number and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment AssumptionStated Principal Balance relating thereto;
(ii23) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each amount paid by the Class of regular and residual interests created hereunder and AF-5B Insurer under the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of Class AF-5B Policy for such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMICDistribution Date; and
(vii24) Any taxes (including penalties and interest) imposed on all amounts paid to the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by Class AF-5B Insurer in respect of the Depositor pursuant to Section 10.12Class AF-5B Reimbursement Amount for such Distribution Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2005-1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution DateMortgage Pool;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) with respect to the February and March 2002 Distribution Dates, the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) [Reserved];
(xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event has occurred;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-IO and Class A-R Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the amount Class A-IO and Class A-R Certificates) on deposit in the Net WAC Reserve Fundsuch Distribution Date;
(xix) [Reserved];
(xx) [Reserved];
(xxi) [Reserved]; and
(xvxxii) the amount of the distribution made on amount, if any, received under each Cap Contract for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.bnymbs.com.
(c) Within a reasonable period of time after the end xx xxxx xxxxx xxx xxd of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificatess Series 2002 Bc1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date and (iii) the allocation of any Subsequent Recoveries for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are converted to REO Properties in bankruptcy or foreclosure or are REO Properties, and each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Liquidated Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLoans;
(xiii14) with respect to any Liquidated Mortgage Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit whether a Trigger Event is in the Net WAC Reserve Fund; andeffect;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable Certificates;
(17) prior to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement end of the Funding Period, (and, at its optionA) the amount on deposit in the Pre-Funding Account (if any) on the related Determination Date (net of investment income) and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and on the Distribution Date immediately following the end of the Funding Period, any additional files containing unused Pre-Funded Amount (if any) included in the same information in an alternative formatPrincipal Distribution Amount for such Distribution Date;
(18) available the amount of Applied Realized Loss Amounts and Subsequent Recoveries, if any, applied to each month to Certificateholders via Class of Certificates for such Distribution Date;
(19) the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at amount of any Net Swap Payment and any Swap Termination Payment (301a) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible payable to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available Swap Counterparty with respect to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.such Distribution Date or
(b) The Securities Administrator's responsibility for making the above information available payable to the Certificateholders is limited Swap Contract Administrator for such Distribution Date and allocated to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment AssumptionSwap Trust;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Asset-Backed Certificates Trust 2005-Ab5)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller, the Guarantor, the Class 1-AV-1 Insurer and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date and (iii) the allocation of any Subsequent Recoveries for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are converted to REO Properties in bankruptcy or foreclosure or are REO Properties, and each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Liquidated Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLoans;
(xiii14) with respect to any Liquidated Mortgage Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC whether a Fixed Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; andTrigger Event or an Adjustable Rate Trigger Event has occurred;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable Certificates;
(17) prior to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement end of the Funding Period, (and, at its optionA) the amount on deposit in the Pre-Funding Account (if any) on the related Determination Date (net of investment income) and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and on the Distribution Date immediately following the end of the Funding Period, any additional files containing unused Pre-Funded Amount (if any) included in the same information in an alternative formatPrincipal Distribution Amount for such Distribution Date;
(18) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk amount, if any, of Realized Losses and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible Subsequent Recoveries allocated to the above parties. To Fixed Rate Subordinate Certificates and the extent timely Adjustable Rate Subordinate Certificates for such Distribution Date;
(19) the amount, if any, received from under each Corridor Contract for such Distribution Date;
(20) all payments made by the Securities AdministratorMaster Servicer in respect of Compensating Interest for such Distribution Date;
(21) the information set forth in the Prepayment Charge Schedule;
(22) with respect to any Mortgage Loan repurchased by a Seller or purchased by the Depositor, the Trustee will also make Guarantor or the related Monthly Statements available Master Servicer, the loan number and Stated Principal Balance relating thereto;
(23) the amount paid by the Guarantor under the Xxxxxx Xxx Guaranty for such Distribution Date;
(24) all amounts paid to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing Guarantor in respect of the Trustee's internet website can be obtained Guarantor Reimbursement Amount for such Distribution Date;
(25) the amount paid by calling the Trustee's customer service desk at Class 1-AV-1 Insurer under the Class 1-AV-1 Policy for such Distribution Date; and
(80026) 934all amounts paid to the Class 1-6802AV-1 Insurer in respect of the Class 0-XX-0 Xxxxxxxxxxxxx Amount for such Distribution Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available Trustee shall send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency, the Class 1-AV-1 Insurer, the Guarantor and the NIM Insurer. The Trustee may make the above information available to Certificateholders and the Class 1-AV-1 Insurer via the Trustee's website at xxxx://xxx.xxxxxxxxxxxxxxxxxxxx.xxx. On the third Business Day preceding each Distribution Date, the Trustee shall deliver to the Guarantor (by electronic medium as specified in the next sentence) a statement identifying the Class Factor for the Class 1-AV-1 Certificates. The Trustee shall deliver such statement on or before 12:00 p.m. (New York time) on such day via the internet using the following domain name: xxxx_xxxxx@xxxxxxxxx.xxx. If a Guarantor Payment will be payable on a Distribution Date, all information required under Section 4.05(a) must also be similarly delivered to the Guarantor on such third Business Day preceding such Distribution Date. The second consecutive failure by the Trustee to deliver such Class Factor for the Class 1-AV-1 Certificates (or to deliver an accurate Class Factor for the Class 1-AV-1 Certificates) to the Guarantor shall constitute an event of default and permit the Guarantor to remove the Trustee for cause; provided that the Master Servicer had delivered the information set forth above for the related Distribution Date to the Trustee.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(ia)(1), (a)(2) and (a)(iia)(6) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to 153 have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i1) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii2) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii3) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv4) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v5) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi6) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii7) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i1), (ii2), (iii3) and (iv4) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004-15)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available to each Holder of Certificates, the TrusteeCertificateholder, the Master Servicer and the Depositor a statement statement, based solely on information provided by the Master Servicer and/or the Sub-servicer, setting forth for with respect to the Certificatesrelated distribution:
(i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any the sum of Principal Prepayments and Liquidation Proceeds included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class thereof allocable to interest, any Class Unpaid Interest Shortfall included in such distribution and any remaining Class Unpaid Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Principal Balance or Certificate Notional Balance Amount of each Class of Certificates after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Pool Stated Principal Balances of all of the Mortgage Loans Balance, each Loan Group Principal Balance and each Subordinated Loan Group Balance for the following Distribution Date;
(vvi) each Group Senior Percentage and each Group Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Periodwith respect to such Distribution Date;
(viviii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate CapDistribution Date;
(viiix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ixx) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (34) 91 or more days, days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxi) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the last day of the related Prepayment Periodcalendar month preceding such Distribution Date;
(xixii) the total number and principal balance of any real estate owned or REO Properties (and market value, if available) as of the end close of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of business on the last day of the calendar month preceding such Distribution Date;
(xiii) each Group Senior Prepayment Percentage for the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding monthfollowing Distribution Date;
(xiv) the Net WAC Rate Carryover Amount for each Class aggregate amount of Certificates and Realized Losses incurred during the amount on deposit in the Net WAC Reserve Fundpreceding calendar month; and
(xv) the amount Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the distribution made on such Distribution Date related Determination Date.
(b) The Trustee's responsibility for disbursing the above information to the Holders Certificateholders is limited to the availability, timeliness and accuracy of the Class P Certificates allocable to Prepayment Chargesinformation provided by the Master Servicer. The Securities Administrator may Trustee will provide a copy of each statement provided pursuant to this Section 4.04 to each Rating Agency. The Trustee will make the foregoing Monthly Statement a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, and other parties to this Agreement via the Securities AdministratorTrustee's internet websitewebsite and its fax-on-demand service. The Securities AdministratorTrustee's fax-on-demand service may be accessed by calling (301) 000-0000. Xxe Trustee's internet website shall initially be located at "www.ctslink.comwww.xxxxxxx.xxx". Axxxxxxxxx xx xxing Xssistance in using the website or the fax-on-demand service can be obtained by calling the Securities AdministratorTrustee's customer service desk at (301) 815000-66000000. Parxxxx xxxx xxx Xxrties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may Trustee shall have the right to change the way Monthly Statements such statements are distributed in order to make such distributions distribution more convenient or and/or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness parties and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause provide timely and adequate notification to be furnished upon request to each Person who at all above parties and Certificateholders regarding any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effectchanges.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mellon Residential Funding Cor Mor Pas THR Cer Ser 2000-Tbc1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution DateMortgage Pool;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) with respect to the May, June July, August and September 2002 Distribution Dates, the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) [Reserved];
(xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event has occurred;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-IO, Class A-R and Class P Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-IO, Class A-R and Class P Certificates) on such Distribution Date;
(xix) the amount of Prepayment Charges collected or waived by the Master Servicer;
(xx) with respect to the May, June, July and August 2002 Distribution Date, (A) the amount on deposit in the Net WAC Reserve FundPre-Funding Account (if any) on the related Determination Date and B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period;
(xxi) with respect to the Distribution Date immediately following the end of the Funding Period, (A) the remaining amounts in the Pre-Funding Account (if any) at the end of the Funding Period that are included in the Principal Distribution Amount and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and
(xvxxii) the amount of the distribution made on amount, if any, received under each Cap Contract for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsreporting.com.
(c) Within a reasonable period of time after the end pexxxx xx xxxx xxxxx xxx xxx of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2002 Bc2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer Certificates and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class (other than Class APO) allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans and of the Mortgage Loans in each Loan Group for the following Distribution Date;
(v) the related amount of the Servicing Fees paid to or retained by the Company or the related Servicer Servicers for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Interest Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the amount of Advances included in the distribution on such Distribution Datereserved;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans in each Loan Group for each such Loan Group and the mortgage pool (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan that was liquidated during the preceding calendar monthmonth in each Loan Group and the mortgage pool, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xix) the total number and principal balance of any real estate owned or REO Properties in each Loan Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;; and
(xiiixii) the Realized Losses for each Loan Group during the related Prepayment Period and the cumulative Realized Losses for each Loan Group and the mortgage pool through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator Trustee may make the foregoing Monthly Statement monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities AdministratorTrustee's internet website. The Securities AdministratorTrustee's internet website shall initially be located at "www.ctslink.comxxx.xxxxxxxxxxxxx.xxx/xxxxxx". Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at (301877) 815722-66001095. Parxxxx xxxx xxx Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities AdministratorTrustee's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master ServicerDepositor, the Company Servicers and the ServicersCredit Risk Manager. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 6.05 5.06 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.129.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corp)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) with respect to the December 2001 and February, March and April 2002 Distribution Dates, the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) the amount of any Enhancement Payments made with respect to such Distribution Date;
(xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event has occurred;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-IO Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-IO Certificates) on such Distribution Date;
(xix) the amount of any Enhancement Payments for such Distribution Date and the amount remaining under the Seller Loss Coverage Obligation;
(xx) with respect to the December 2001 and January 2002 Distribution Date, (A) the amount on deposit in the Net WAC Reserve FundPre-Funding Account (if any) on the related Determination Date and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period;
(xxi) with respect to the February 2002 Distribution Date, (A) the remaining amounts in Pre-Funding Account (if any) at the end of the Funding Period that are included in the Principal Distribution Amount and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period;
(xxii) the amount, if any, received under the Cap Contract for such Distribution Date; and
(xvxxiii) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Excluded Carryover Amount.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.bnymbs.com.
(c) Within a reasonable period of time after reasonablx xxxxxx xx xxxx xxxxr the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2001-4)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the amount of the Master Servicing Fee paid to or retained by the Master Servicer for the related Due Period and the amount of the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the amount of Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period;
(xi) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I LLC 2004-Ac3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date; 116
(ix) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) [reserved];
(xii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan in each Loan Group, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event is in effect;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) on such Distribution Date;
(xix) the amount of Prepayment Charges collected or waived by the Master Servicer;
(xx) with respect to the July 2004 Distribution Date, (A) the amount on deposit in the Net WAC Reserve FundPre-Funding Account (if any) on the related Determination Date and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period;
(xxi) with respect to the August 2004 Distribution Date, (A) the remaining amounts in Pre-Funding Account (if any) at the end of the Funding Period that are included in the Principal Distribution Amount and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and
(xvxxii) the amount, if any, due and the amount of received under the distribution made on Corridor Contracts for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsreporting.com.
(cx) Within a reasonable Xxxxxx x xxxxxxable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder 118 and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make cause to be made available to each Holder of CertificatesCertificateholder, each Servicer, the TrusteeDepositor, the Master Servicer and the Depositor each Rating Agency, a statement setting forth for with respect to the Certificatesrelated distribution:
(i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) indicating the aggregate amount of any portion thereof attributable to Scheduled Payments and Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)Prepayments;
(ii) the amount of such distribution to Holders of each Class thereof allocable to interest, indicating the portion thereof attributable to any Class Unpaid Interest Amounts included in such distribution;
(iii) if the Certificate distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Principal Balance or Certificate Notional Balance of each Class of Certificates after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans Aggregate Loan Balance and Aggregate Loan Group Balance for each Loan Group, in each case, for the following Distribution Date;
(vvi) the amount of the Servicing Fees paid and TGIC Fees, if applicable, with respect to or retained by the Company or the related Servicer for the related Due Periodsuch Distribution Date;
(vivii) the Pass-Through Rate for each such Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate CapDistribution Date;
(viiviii) the amount of Advances included in the distribution on such Distribution Date;
(viii) Date and the cumulative aggregate amount of Applied Realized Loss Amounts to dateAdvances outstanding as of the close of business on such Distribution Date;
(ix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyor delinquent (with a notation indicating which Mortgage Loans, if any, are in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans with respect to any Mortgage Loan that was liquidated during which Prepayment Penalties were collected and the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, aggregate amount of such Mortgage Loan as of the end of the related Prepayment PeriodPenalties;
(xi) the total number and principal balance of any real estate owned or REO Properties (and market value, if available) as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xii) the three aggregate amount of Realized Losses incurred during the preceding calendar month rolling and aggregate Realized Losses through such Distribution Date;
(xiii) the weighted average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all term to maturity of the Mortgage Loans as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xiii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;; and
(xiv) the Net WAC Rate Carryover Amount for each Class number and principal amount of Certificates claims submitted and claims paid under the TGIC Policy during the preceding calendar month and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the number and principal amount of claims submitted and claims paid under the distribution made on TGIC Policy through such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet websiteDate. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities Administrator's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicereach Servicer which shall be provided as required in Section 4.05. On each Distribution Date, the Company Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP Level Factors for each Class of Offered Certificates as of such Distribution Date, using a format and media mutually acceptable to the ServicersTrustee and Bloomberg. In connection with providing the information specified in this Section 4.04 to Bloomberg, the Trustee and any director, officer, employee or agent of the Trustee shall be indemnified and held harmless by DLJMC, to the extent, in the manner and subject to the limitations provided in Section 9.05. The Securities Administrator Trustee will also make the monthly statements to Certificateholders available each month to each party referred to in Section 4.04(a) via the Trustee's website. The Trustee's website can be accessed at http://www.abs.bankone.com/absmbs or at such other site as the Truxxxx xxx xxxxxxxxx xxxx xxxx xx time. Persons that are unable to use the above website are entitled to have a paper copy of each statement provided pursuant mailed to them via first class mail by written notice to the Trustee addressed to the Corporate Trust Office. The Trustee shall have the right to change the way the reports referred to in this Section 6.05 are distributed in order to each Rating Agencymake such distribution more convenient and/or more accessible to the above parties and to the Certificateholders. The Trustee shall provide timely and adequate notification to all above parties and to the Certificateholders regarding any such change. The Trustee may fully rely upon and shall have no liability with respect to information provided by any Servicer.
(cb) Within Upon request, within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) with respect to the August 2004 Distribution Date, the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) [reserved];
(xii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan in each Loan Group, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event is in effect;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) on such Distribution Date;
(xix) the amount on deposit in of Prepayment Charges collected or waived by the Net WAC Reserve FundMaster Servicer;
(xx) [reserved];
(xxi) [reserved]; and
(xvxxii) the amount, if any, due, and the amount of the distribution made on received under each Cap Contract for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsreporting.com.
(c) Within a reasonable period of time after the end of each calendar txxx xxxxx xxx xxx xx xxxx xalendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CWABS Asset Backed Certificates Trust 2004-Bc3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date and (iii) the allocation of any Subsequent Recoveries for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are converted to REO Properties, and as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Liquidated Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLoans;
(xiii14) with respect to any Liquidated Mortgage Loan, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit whether a Trigger Event is in the Net WAC Reserve Fund; andeffect;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make Certificates;
(17) the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk amount of Realized Losses and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible Subsequent Recoveries applied to the above parties. To Subordinate Certificates for such Distribution Date;
(18) prior to the extent timely end of the Funding Period, (A) the amount on deposit in the Pre-Funding Account (if any) on the related Determination Date (net of investment income) and the amount (if any) included in the Principal Distribution Amount and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period;
(19) the amount, if any, due to the Trustee on behalf of the Trust, and the amount, if any, received from by the Securities AdministratorTrustee on behalf of the Trust, in respect of the Corridor Contract for such Distribution Date;
(20) all payments made by the Master Servicer in respect of Compensating Interest for such Distribution Date;
(21) the information set forth in the Prepayment Charge Schedule;
(22) with respect to any Mortgage Loan repurchased by a Seller or purchased by the Master Servicer or the Depositor, the Trustee will also make loan number and Stated Principal Balance relating thereto; and
(23) the amount of any claims made, and any claims rejected, under the Mortgage Insurance Policy during the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Due Period.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available Trustee shall send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating AgencyAgency and the NIM Insurer. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.bnyinvestorreporting.cox.
(cx) Within a reasonable Xxxxxx x xxxxonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(ia)(1), (a)(2) and (a)(iia)(6) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i1) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii2) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii3) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv4) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v5) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi6) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii7) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i1), (ii2), (iii3) and (iv4) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2005-Ab1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are converted to REO Properties, and in each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLiquidated Loans;
(xiii14) with respect to any Liquidated Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit whether a Trigger Event is in the Net WAC Reserve Fund; andeffect;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make Certificates;
(17) the foregoing Monthly Statement aggregate amount of Mortgage Loans in which respect of which the Master Servicer has submitted claims under the Mortgage Insurance Policies and the aggregate amount of such claims;
(and, at its option, any additional files containing 18) the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible amount of Realized Losses applied to the above parties. To Subordinate Certificates for such Distribution Date;
(19) the extent timely amount, if any, received from under each Corridor Contract for such Distribution Date;
(20) all payments made by the Securities Administrator, Master Servicer in respect of Compensating Interest for such Distribution Date; and
(21) the Trustee will also make information set forth in the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Prepayment Charge Schedule.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating AgencyAgency and the NIM Insurer. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsreporting.com.
(cx) Within a reasonable Xxxxxx x xxxxxxxble period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was 105 a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(ia)(1), (a)(2) and (a)(iia)(6) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i1) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii2) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii3) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv4) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v5) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi6) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii7) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i1), (ii2), (iii3) and (iv4) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004-1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution DateDate based solely on information provided by the Servicer or Interim Servicers, as applicable, the Securities Administrator Trustee shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the each $1,000 principal amount of Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and therein, (C) the Extra Principal Distribution Amount (Amount, if any), and (D) the aggregate amount of prepayment penalties, if any;
(ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class;
(iii) any Interest Carryforward Amount for each Class of the Offered Certificates;
(iv) the Class Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Pool Stated Principal Balances of all of the Mortgage Loans Balance for the following such Distribution Date;
(vvi) the related amount of the Servicing Fees Fee paid to or retained by the Company or the related Servicer for the related Due PeriodServicer;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Net WAC Rate CapDistribution Date;
(viiviii) the amount of Advances included in the distribution on such Distribution Date;
(viiiix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date;
(ixx) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date;
(xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the last day of the related Prepayment Periodcalendar month preceding such Distribution Date and the date of acquisition thereof;
(xixiii) the total number and principal balance of any real estate owned or REO Properties as of the end close of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of business on the last day of the calendar month preceding such Distribution Date;
(xiiixiv) the Realized Losses aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date;
(xv) whether a Trigger Event has occurred;
(xvi) with respect to each Class of Certificates, any Interest Carryforward Amount with respect to such Distribution Date for each such Class, any Interest Carryforward Amount paid for each such Class and any remaining Interest Carryforward Amount for each such Class;
(xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class;
(xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date;
(xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the cumulative Realized Losses through aggregate of such amounts for all such Mortgage Loans since the end of the preceding monthCut-off Date;
(xivxx) [Reserved];
(xxi) the Net WAC Rate Carryover Amount for amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(v);
(xxii) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest and the amount on deposit of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest;
(xxiii) as of each Distribution Date, the amount, if any, to be deposited in the Net WAC Reserve Fund; andCap Contract Account as described in Section 4.04(k) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(k) hereof.
(xvb) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may Trustee will make the foregoing Monthly Statement statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will , initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx www.ctslink.com." The Servicer shall deliver to the NIMs Insurer a xxxx xx xxing xxx xxxort delivered by the Servicer to the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar yearyear upon written request, the Trustee shall make available on its website or cause to be furnished upon request to the NIMs Insurer and each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates Class R Certificate and the applicable Class R-X Certificate and the NIMs Insurer the Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Class R Certificate or the Class R-X Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC the REMICs with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMICthe REMICs; and
(vii) Any taxes (including penalties and interest) imposed on the REMICREMICs, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Asst Back Certs Ser 2003-4he)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, the TrusteeCertificateholder, the Master Servicer and Servicer, the Depositor and each Rating Agency a statement setting forth for with respect to the Certificatesrelated distribution:
(i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Principal Balance or Certificate Notional Balance of each Class of Certificates after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Pool Stated Principal Balances of all of the Mortgage Loans Balance and each Loan Group Principal Balance for the following Distribution Date;
(vvi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Periodwith respect to such Distribution Date;
(viviii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate CapDistribution Date;
(viiix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ixx) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (34) 91 or more days, days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxi) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date and the date of acquisition thereof;
(xixii) the total number and principal balance of any real estate owned or REO Properties in each Loan Group (and market value, if available) as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding monthfollowing Distribution Date;
(xiv) the Net WAC Rate Carryover Amount for each Class aggregate amount of Certificates Realized Losses incurred during the preceding calendar month and the aggregate amount on deposit of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in the Net WAC Reserve Fund; andeach Loan Group;
(xv) the amount Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the distribution made on such Distribution Date related Determination Date; and
(xvi) with respect to the Holders second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Class P Certificates allocable to Prepayment ChargesClosing Date, the Remaining Non-PO Supplemental Loan Amount and Remaining PO Supplemental Loan Amount distributed as principal. The Securities Administrator Trustee may make the foregoing Monthly Statement (and, at its option, any additional files containing the same above information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802xxxx://xxx.xxxxxxxxxxxx.xxx.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from provided by the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vii) of this Section 6.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carryforward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateLoans;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) any Net Rate Carryover paid on such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) the amount of any Enhancement Payments made with respect to such Distribution Date and remaining Seller Loss Coverage;
(xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 30 days, (2) 31 to 60 days, (23) 61 to 90 days and (34) 91 or more days, and (B) in foreclosure and delinquent Delinquent (1) 30 days, (2) 31 to 60 days, (23) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance Balances of the any Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are converted to REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day close of business on the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated;
(xivxvi) with respect to any Liquidated Mortgage Loans, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event has occurred;
(xviii) any Net WAC Rate Carryover Amount for each Class of paid and any remaining Net Rate Carryover remaining on the Certificates and on such Distribution Date;
(xix) with respect to the February 2000 Distribution Date, (A) the amount on deposit in the Net WAC Reserve Fund; and
Pre-Funding Account (xvif any) on the related Determination Date and (B) the amount aggregate Stated Principal Balances of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Monthly Statements available to Certificateholders via Due Period (specifying the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing aggregate Stated Principal Balances such Subsequent Mortgage Loans, as the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802case may be).
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at xxxx://xxx.xxxxxx.xxx.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Certificates Series 2001-Bc1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller, the Depositor, the Mortgage Pool Insurer and the Depositor Co-Trustee a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect to (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) with respect to the May 2003 Distribution Date, the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiii) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixiv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxv) with respect to any Liquidated Loan, the loan number and Stated Principal Balance relating thereto;
(xvi) whether a Trigger Event has occurred;
(xvii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-IO Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-IO Certificates) on such Distribution Date; and
(xviii) the amount of proceeds received under the Mortgage Pool Insurance Policy included in such distribution, the amount of any Insurer Support Reserve Fund Applied Amounts, the amount on deposit in the Net WAC Insurer Support Reserve Fund; and
(xv) the amount of the distribution made Fund on such Distribution Date (after giving effect to any such deposits on such Distribution Date) and, to the Holders of extent that the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same Trustee receives such information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities AdministratorMaster Servicer, the Trustee will also make remaining amount available under the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Mortgage Pool Insurance Policy.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsreporting.com.
(c) Within a reasonable period of time after the end xxxxxx xx xxxx xxxxx xxx xxd of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset-Backed Certificates Series 2003-S1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, the TrusteeCertificateholder, the Master Servicer and Servicer, the Depositor and each Rating Agency a statement setting forth for with respect to the Certificatesrelated distribution:
(i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Principal Balance or Certificate Notional Balance of each Class of Certificates after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Pool Stated Principal Balances of all of the Mortgage Loans Balance and each Loan Group Principal Balance for the following Distribution Date;
(vvi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Periodwith respect to such Distribution Date;
(viviii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate CapDistribution Date;
(viiix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ixx) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (34) 91 or more days, days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxi) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date and the date of acquisition thereof;
(xixii) the total number and principal balance of any real estate owned or REO Properties in each Loan Group (and market value, if available) as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding monthfollowing Distribution Date;
(xiv) the Net WAC Rate Carryover Amount for each Class aggregate amount of Certificates Realized Losses incurred during the preceding calendar month and the aggregate amount on deposit of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in the Net WAC Reserve Fund; andeach Loan Group;
(xv) the amount Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the distribution made on such Distribution Date related Determination Date; and
(xvi) with respect to the Holders second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Class P Certificates allocable to Prepayment ChargesClosing Date, each Remaining Non-PO Supplemental Loan Amount and Remaining PO Supplemental Loan Amount distributed as principal. The Securities Administrator Trustee may make the foregoing Monthly Statement (and, at its option, any additional files containing the same above information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802http://www.mbsreporting.com.
(bx) The Securities AdministratorXxx Xxxxtee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from provided by the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vii) of this Section 6.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date and (iii) the allocation of any Subsequent Recoveries for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are converted to REO Properties, and as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Liquidated Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLoans;
(xiii14) with respect to any Liquidated Mortgage Loan, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit whether a Trigger Event is in the Net WAC Reserve Fund; andeffect;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make Certificates;
(17) the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk amount of Realized Losses and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible Subsequent Recoveries applied to the above parties. To Subordinate Certificates for such Distribution Date;
(18) prior to the extent timely received end of the Funding Period, (A) the amount on deposit in the Pre-Funding Account (if any) on the related Determination Date (net of investment income) and the amount (if any) included in the Principal Distribution Amount and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period;
(19) the amount, if any, due from the Securities AdministratorCorridor Contract Counterparty, and the amounts received under the Corridor Contract for such Distribution Date;
(20) all payments made by the Master Servicer in respect of Compensating Interest for such Distribution Date;
(21) the information set forth in the Prepayment Charge Schedule;
(22) with respect to any Mortgage Loan repurchased by a Seller or purchased by the Master Servicer or the Depositor, the Trustee will also make loan number and Stated Principal Balance relating thereto; and
(23) the amount of any claims made, and any claims rejected, under the Mortgage Insurance Policy during the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Due Period.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available Trustee shall send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating AgencyAgency and the NIM Insurer. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsreporting.com.
(cx) Within a Xxxxxx x reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(ia)(1), (a)(2) and (a)(iia)(6) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i1) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii2) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii3) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv4) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v5) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi6) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii7) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. 103 The information pursuant to clauses (i1), (ii2), (iii3) and (iv4) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004-Ab2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer Certificates and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)the amount of Prepayment Charges distributed to the Class AIO-1 Certificates;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans and of the Mortgage Loans in each Loan Group for the following Distribution Date;
(v) the amount of the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Interest Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the amount of Advances included in the distribution on such Distribution Datereserved;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans in each Loan Group for each such Loan Group and the mortgage pool (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan that was liquidated during the preceding calendar monthmonth in each Loan Group and the mortgage pool, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xix) the total number and principal balance of any real estate owned or REO Properties in each Loan Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;; and
(xiiixii) the Realized Losses for each Loan Group during the related Prepayment Period and the cumulative Realized Losses for each Loan Group and the mortgage pool through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator Trustee may make the foregoing Monthly Statement monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities AdministratorTrustee's internet website. The Securities AdministratorTrustee's internet website shall initially be located at "www.ctslink.comwww.jpmorganchase.com/axxxxx". Axxxxxxxxx Xxxxxxxxxx xx xxing xxxxx the website can be obtained by calling the Securities Administrator's customer service desk at (301877) 815722-66001095. Parxxxx xxxx xxx Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities AdministratorTrustee's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master ServicerDepositor, the Company Servicer and the ServicersCredit Risk Manager. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 6.05 5.06 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.129.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corp)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class (other than the Class P Certificates and Class PO Certificates) allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans and of the Mortgage Loans in each Loan Group for the following Distribution Date;
(v) the amount of the Master Servicing Fee paid to or retained by the Master Servicer for the related Due Period and the amount of the Servicing Fees paid to or retained by the Company or and the related Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans in each Loan Group for each such Loan Group and the mortgage pool (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) with respect to any Mortgage Loan that was liquidated during the preceding calendar monthmonth in each Loan Group and the mortgage pool, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period;
(xi) the total number and principal balance of any real estate owned or REO Properties in each Loan Group as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiii) the Realized Losses for each Loan Group during the related Prepayment Period and the cumulative Realized Losses for each Loan Group and the mortgage pool through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates then applicable Senior Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the amount on deposit in the Net WAC Reserve FundSubordinate Prepayment Percentages; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx Asxxxxxxxx xx xxing xxxng the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx Partxxx xxxx xxx unable xnable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxxhttps://trustinvestoxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing xxxng the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement based on the information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2004-Ac2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of Interest Carry Forward Amount and any Basis Risk Shortfall Carry Forward Amount for each Class allocable to interestof Certificates;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateLoans;
(v) the related amount of the Master Servicing Fees Fee paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Class A, Class M and Class B Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the applicable Net WAC Rate CapCap Rate;
(vii) the amount of Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts Stated Principal Balances of the Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xi) the total number and principal balance of any real estate owned or REO Properties as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution DateDistribution;
(xiii) the Realized Losses during the related Prepayment Due Period and the cumulative Realized Losses through the end of the preceding month;; and
(xiv) the Net WAC Rate Carryover Amount aggregate amount of Extraordinary Trust Fund Expenses withdrawn from the Protected Account or the Distribution Account for each Class of Certificates such Distribution Date; and The foregoing information and reports shall be prepared and determined by the Securities Administrator based solely on Mortgage Loan data provided to the Securities Administrator by the Master Servicer (in a format agreed to by the Securities Administrator and the amount Master Servicer) no later than five (5) Business Days prior to the Distribution Date. In preparing or furnishing the foregoing information, the Securities Administrator shall be entitled to rely conclusively on deposit in the Net WAC Reserve Fund; and
(xv) the amount accuracy of the distribution made on such Distribution Date information or data regarding the Mortgage Loans and the related REO Property that has been provided to the Holders of Securities Administrator by the Class P Certificates allocable Master Servicer, and the Securities Administrator shall not be obligated to Prepayment Chargesverify, recompute, reconcile or recalculate any such information or data. The Securities Administrator may shall be entitled to conclusively rely on the Mortgage Loan data provided by the Master Servicer and shall have no liability for any errors in such Mortgage Loan data. The Securities Administrator will make the foregoing Monthly Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to the parties hereto, the Certificateholders and each Rating Agency via the Securities Administrator's ’s internet website. The Securities Administrator's ’s internet website shall initially be by located at "www.ctslink.com"[xxx.xxxxxxxx.xxx]. Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities Administrator's ’s customer service desk at (301000) 815000-66000000. Parxxxx xxxx xxx Parties that are unable to use the above distribution options option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may shall have the right to change the way Monthly Statements such statements are distributed in order to make such distributions distribution more convenient or and/or more accessible to the above partiesparties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. To the extent timely received from As a condition to access the Securities Administrator’s internet website, the Trustee will also make Securities Administrator may require registration and the related Monthly Statements available to Certificateholders via the Trustee's internet websiteacceptance of a disclaimer. The Trustee's internet website Securities Administrator will initially not be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing liable for the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802dissemination of information in accordance with this Agreement.
(b) The Securities Administrator's ’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the ServicersServicer. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 6.06 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall cause to be furnished upon written request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 6.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the The Securities Administrator shall furnish quarterly to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class class of regular Regular Interests and residual interests Residual Interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class class of regular Regular Interests and residual interests Residual Interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;; and
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class class of regular or residual interests Regular Interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;.
(v) The treatment of losses realized Realized Losses with respect to the Mortgage Loans or the regular interests Regular Interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests Regular Interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "“prohibited transactions," "” “contributions" ” or "“net income from foreclosure property" ” or state or local income or franchise taxes. The Certain information pursuant to clauses (i), (ii), (iii) and (iviii) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage-Backed Certificates, Series 2005-7)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each related Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of the Class A-9 Certificates allocable to interest and the portion thereof, if any, provided by the Corridor Contract;
(iii) with respect to each Subgroup, the amount of such distribution to Holders of each related Class allocable to interest;
(iiiiv) with respect to each Subgroup, the Certificate Principal Balance or Certificate Notional Balance Amount of each related Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the related Mortgage Loans for the following Distribution Date;
(vvi) the amount of the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Interest Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) the amount of Advances included in the distribution on such Distribution Date;
(viiiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixx) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxi) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period;
(xixii) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xiixiii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiiixiv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xivxv) the Net WAC Rate Carryover Amount for each amount due, and the amount received, in respect of the Corridor Contract;
(xvi) the amount paid to the Class of A-9 Certificates and from the Corridor Contract Reserve Fund;
(xvii) the amount on deposit in the Net WAC Corridor Contract Reserve FundFund for the following Distribution Date; and
(xvxviii) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to related Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's ’s internet website. The Securities Administrator's ’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxx.xxx”. Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities Administrator's ’s customer service desk at (301000) 815000-66000000. Parxxxx xxxx xxx Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities Administrator's ’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 6.06 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall cause to be furnished furnish upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 6.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular related Regular Interests and residual interests related Residual Interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class related class of regular Regular Interests and residual interests Residual Interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class related class of regular Regular Interests or residual interests Residual Interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests Regular Interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests Regular Interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "“prohibited transactions," "” “contributions" ” or "“net income from foreclosure property" ” or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac8)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap];
(vii) the amount of Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to datedate and, in addition, if the Certificate Principal Balances of the Subordinate Certificates have all been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Certificates;
(ix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period;
(xi) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;; and
(xiii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.comwww.[___].com". Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at (301___) 815___-6600____. Parxxxx xxxx xxx Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxxwww.jpmorgan.com/absmbs". Xxxxxxxxxx xx xxing Assistance in using the Trustee's internet website can be obtained xxxxxxx xxx xx xxxxxxxx by calling the Trustee's customer service desk at (800___) 934___-6802____.
(b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I LLC)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificatesa Class of Certificates of the Trust Fund, the TrusteeServicer, the Master Servicer Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;Mortgage Pool and each Loan Group; 107
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) with respect to the December 2004 Distribution Date, the Seller Shortfall Interest Requirement (if any) for the related Servicer Advance Date;
(ix) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) [reserved];
(xii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan in each Loan Group, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event is in effect;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) on such Distribution Date;
(xix) the amount on deposit in of Prepayment Charges collected or waived by the Net WAC Reserve FundServicer;
(xx) [reserved];
(xxi) [reserved]; and
(xvxxii) the amount, if any, due, and the amount of the distribution made on received under each Cap Contract for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at xxxx://xxx.xxxxxxxxxxxxxxxxxxxx.xxx.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; andand 109
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004-Ec1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Master Servicer shall prepare and make available cause to be forwarded by first Class mail to each Holder of Certificatesa Class of Certificates of the Trust Fund, the Trustee, the Master Servicer Subservicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (Btherein and(B) the aggregate of all scheduled payments of principal included therein and (C) the Extra Principal Distribution Amount (Amount, if any);
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carryforward Amount;
(iv) the Class Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Pool Stated Principal Balances of all of the Mortgage Loans Balance for the following Distribution Date;
(vvi) the related amount of the Servicing Fees Fee paid to or retained by the Company or the related Servicer for the related Due PeriodSubservicer;
(vivii) the related amount of the Master Servicer Fee paid to or retained by the Master Servicer;
(viii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Net WAC Rate CapDistribution Date;
(viiix) the Net Mortgage Rates for each of the Group I Mortgage Loans and the Group II Mortgage Loans;
(x) the amount of Advances for each Certificate Group included in the distribution on such Distribution Date;
(viiixi) the cumulative amount of Applied Realized Loss Amounts for each Certificate Group to date;
(ixxii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date and the date of acquisition thereof;
(xixiv) the total number and principal balance of any real estate owned or REO Properties in each Loan Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixv) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Liquidated Loans as of the last day of the calendar month preceding such Distribution Date;
(xiii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for in each Class of Certificates and the amount on deposit in the Net WAC Reserve FundLoan Group; and
(xvxvi) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to any Liquidated Loan in each Loan Group, the following matters:
(i) The original projected principal loan number and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment AssumptionStated Principal Balance relating thereto;
(iixvii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Loan Group, whether a Group I Trigger Event or a Group II Trigger Event has occurred or, if applicable, a Stepup Trigger Event has occurred;
(xviii) with respect to each Class of regular Group II Certificates, any Interest Carryforward Amount with respect to such Distribution Date for each such Class, any Interest Carryforward Amount paid for each such Class and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;any remaining Interest Carryforward Amount for each such Class; and
(iiixix) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to Group II Certificates (other than the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(vClass IIA-2 Certificates) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC Interest Carryover Amount with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount Distribution Date for each such Class, any Interest Carryover Amount paid for each such Class and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12remaining Interest Carryover Amount for each such Class.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Funding Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are converted to REO Properties, and in each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLiquidated Loans;
(xiii14) with respect to any Liquidated Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit whether a Trigger Event is in the Net WAC Reserve Fund; andeffect;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make Certificates;
(17) [Reserved];
(18) the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible amount of Realized Losses applied to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.Subordinate Certificates for such Distribution Date;
(b19) The Securities Administrator's responsibility the amount, if any, received under each Corridor Contract for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from such Distribution Date;
(20) all payments made by the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy Servicer in respect of each statement provided pursuant to this Section 6.05 to each Rating Agency.Compensating Interest for such Distribution Date; and
(c21) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12Charge Schedule.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset-Backed Certificates Series 2004-3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer Certificates and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and therein, (C) the Extra Principal Distribution Amount (if any)) and (D) the amount of Prepayment Charges distributed to the Class P Certificates;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the amount of the Servicing Fees paid to or retained by the Company or the related Servicer Servicers for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, Period and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the amount of Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to datedate and, in addition, if the Certificate Principal Balances of the Subordinated Certificates have all been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Certificates;
(ixviii) the number and aggregate principal amounts of Mortgage Loans in (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xix) the total number and principal balance of any real estate owned or REO Properties as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiiixii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;; and
(xivxiii) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator Trustee may make the foregoing Monthly Statement monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities AdministratorTrustee's internet website. The Securities AdministratorTrustee's internet website shall initially be located at "www.ctslink.comxxx.xxxxxxxxxxxxx.xxx/xxxxxx". Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities AdministratorTrustee's customer service desk at (301000) 815000-66000000. Parxxxx xxxx xxx Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator Trustee may change the way Monthly Statements monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities AdministratorTrustee's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master ServicerDepositor, the Company Servicers and the ServicersCredit Risk Manager. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 6.05 5.06 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.129.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Nomura Asset Acc Corp Alter Ln Tr Ser 2003-A3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution DateMortgage Pool;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) with respect to the April 2004 Distribution Date, the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiii) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixiv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxv) with respect to any Liquidated Loan, the loan number and Stated Principal Balance relating thereto;
(xvi) whether a Trigger Event is in effect;
(xvii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) on such Distribution Date;
(xviii) the amount on deposit in of Prepayment Charges collected or waived by the Net WAC Reserve FundMaster Servicer;
(xix) [reserved];
(xx) [reserved]; and
(xvxxi) the amount of amount, if any, received under the distribution made on Corridor Contract for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The Trustee may make the above information pursuant available to clauses (i), (ii), (iii) and (iv) above shall be provided by Certificateholders via the Depositor pursuant to Section 10.12Trustee's website at XXXX://XXX.XXXXXXXXXXXX.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004 Bc1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer Certificates via its website and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and therein, (C) the Extra Principal Distribution Amount (if any)) and (D) the amount of Prepayment Charges distributed to the Class P Certificates;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the amount of the Servicing Fees paid to or retained by the Company or the related Servicer Servicers for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, Period and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the cumulative amount of Advances included Realized Losses to date and, in addition, if the distribution on such Distribution DateCertificate Principal Balances of the Mezzanine Certificates have all been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Certificates;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans in (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xix) the total number and principal balance of any real estate owned or REO Properties as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiiixii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;; and
(xivxiii) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator Trustee may make the foregoing Monthly Statement monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities AdministratorTrustee's internet website. The Securities AdministratorTrustee's internet website shall initially be located at "www.ctslink.comwww.jpmorganchase.com/xxx". Axxxxxxxxx Xxxxxxxxxx xx xxing xxxxx the website can be obtained by calling the Securities AdministratorTrustee's customer service desk at (301877) 815722-66001095. Parxxxx Partiex xxxx xxx unable xxxble to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator Trustee may change the way Monthly Statements monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities AdministratorTrustee's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master ServicerDepositor, the Company Servicers and the ServicersCredit Risk Manager. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 6.05 5.06 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.129.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Pass-Through Certificates Series 2004-Ap1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the amount of Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to datedate and, in addition, if the Certificate Principal Balances of the Subordinate Certificates have all been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Certificates;
(ix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period;
(xi) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.comxxx.xxxxxxx.xxx". Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxxxxx.xxxxxxxx.xxx/xxxxxx". Xxxxxxxxxx xx xxing Assistance in using the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800000) 934000-68020000.
(b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc 2003-Ac4)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall Trustee shal l prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer Certificates via its website and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and therein, (C) the Extra Principal Distribution Amount (if any)) and (D) the amount of Prepayment Charges distributed to the Class P Certificates;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts Losses for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the amount of the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, Period and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the cumulative amount of Advances included Realized Losses to date and, in addition, if the distribution on such Distribution DateCertificate Principal Balances of the Mezzanine Certificates have all been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Certificates;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans in (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xix) the total number and principal balance of any real estate owned or REO Properties as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiiixii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;; and
(xivxiii) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator Trustee may make the foregoing Monthly Statement monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities AdministratorTrustee's internet website. The Securities AdministratorTrustee's internet website shall initially be located at "www.ctslink.comxxx.xxxxxxxx.xxx/xxx". Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities AdministratorTrustee's customer service desk at (301000) 815000-66000000. Parxxxx xxxx xxx Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator Trustee may change the way Monthly Statements monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities AdministratorTrustee's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company Depositor and the ServicersServicer. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 6.05 5.06 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.129.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Nomura Asset Acc Corp ALT LN TR Ser 2004-Ap2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each applicable Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
Date and (iviii) the aggregate allocation of the Stated Principal Balances of all of the Mortgage Loans any Subsequent Recoveries for the following such Distribution Date;
(v) the aggregate Stated Principal Balance of the Mortgage Loans for the Mortgage Pool;
(vi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of interest bearing Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) with respect to the January 2006 Distribution Date, the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) [reserved];
(xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) the total number and principal balance Stated Principal Balance of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event is in effect;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) on such Distribution Date;
(xix) the amount on deposit of Prepayment Charges collected or waived by the Master Servicer;
(xx) the amount of Realized Losses and Subsequent Recoveries applied to the Class A Certificates and Subordinated Certificates for such Distribution Date;
(xxi) all payments made by the Master Servicer in the Net WAC Reserve Fundrespect of Compensating Interest for such Distribution Date; and
(xvxxii) the amount, if any, due, and the amount of received under the distribution made on Corridor Contract for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities Administrator's Trustee’s responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee’s website at xxxx://xxx.xxxxxxxxxxxxxxxxxxxx.xxx.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "“prohibited transactions," "” “contributions" ” or "“net income from foreclosure property" ” or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Asset-Backed Certificates Trust 2005-Im3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class (other than Class PO- 1 and Class PO-2) allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans and of the Mortgage Loans in each Loan Group for the following Distribution Date;
(v) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by the Company or the related any Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class amount of Certificates with respect the distribution made on such Distribution Date to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by Holders of the Net WAC Rate CapClass XP Certificates allocable to Prepayment Charges and Prepayment Charge Payment Amounts;
(vii) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans in each Loan Group for each such Loan Group and the mortgage pool (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) with respect to any Mortgage Loan that was liquidated during the preceding calendar monthmonth in each Loan Group and the mortgage pool, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xi) the total number and principal balance of any real estate owned or REO Properties in each Loan Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiii) the Realized Losses for each Loan Group during the related Prepayment Period and the cumulative Realized Losses for each Loan Group and the mortgage pool through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date and (iii) the allocation of any Subsequent Recoveries for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are converted to REO Properties in bankruptcy or foreclosure or are REO Properties, and each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Liquidated Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLoans;
(xiii14) with respect to any Liquidated Mortgage Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit whether a Trigger Event is in the Net WAC Reserve Fund; andeffect;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable Certificates;
(17) prior to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement end of the Funding Period, (and, at its optionA) the amount on deposit in the Pre-Funding Account (if any) on the related Determination Date (net of investment income) and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and on the Distribution Date immediately following the end of the Funding Period, any additional files containing unused Pre-Funded Amount (if any) included in the same information in an alternative formatPrincipal Distribution Amount for such Distribution Date;
(18) available the amount of Applied Realized Loss Amounts and Subsequent Recoveries, if any, applied to each month to Certificateholders via Class of Certificates for such Distribution Date;
(19) the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at amount of any Net Swap Payment and any Swap Termination Payment (301a) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible payable to the above parties. To Swap Counterparty with respect to such Distribution Date or (b) payable to the extent timely received from Swap Contract Administrator for such Distribution Date and allocated to the Securities AdministratorSwap Trust;
(20) all payments made by the Master Servicer in respect of Compensating Interest for such Distribution Date;
(21) the information set forth in the Prepayment Charge Schedule;
(22) with respect to any Mortgage Loan repurchased by a Seller or purchased by the Depositor or the Master Servicer, the Trustee will also make loan number and Stated Principal Balance relating thereto; and
(23) the amount of any claims made, and any claims rejected, under the Mortgage Insurance Policy during the related Monthly Statements available to Certificateholders via the Trustee's internet websiteDue Period. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.118
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available Trustee shall send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating AgencyAgency and the NIM Insurer. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.bnyinvestorreporting.cxx.
(cx) Within a reasonable Xxxxxx x xxxxxxxble period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(ia)(1), (a)(2) and (a)(iia)(6) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i1) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii2) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii3) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv4) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v5) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi6) The amount and timing of any non-interest expenses of a the related REMIC; andand 119
(vii7) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i1), (ii2), (iii3) and (iv4) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Asset Backed Certificates Trust 2005-Ab4)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer Depositor and the Depositor Credit Risk Manager via its website a statement setting forth the following information for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and therein, (C) the Extra Principal Distribution Amount (if any)) and (D) the amount of Prepayment Charges distributed to the Class P Certificates;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts Losses for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the amount of the Servicing Fees paid to or retained by the Company or Servicers and the related Master Servicing Fee paid to the Master Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, Period and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the cumulative amount of Advances included Realized Losses to date and, in addition, if the distribution on such Distribution DateCertificate Principal Balances of the Mezzanine Certificates have all been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Certificates;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans in (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan Loans that was were liquidated during the preceding calendar month, the loan number and the aggregate of the Stated Principal Balance Balances of, and Realized Loss Losses on, such Mortgage Loan Loans as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xix) the total number and principal balance of any real estate owned or REO Properties as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiiixii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xivxiii) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund;
(xiv) amounts payable in respect of the Cap Contract; and
(xv) the amount of the distribution made on Credit Risk Management Fees paid to the Credit Risk Manager and/or the Seller for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesDate. The Securities Administrator may make the foregoing Monthly Statement monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's ’s internet website. The Securities Administrator's ’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxx.xxx”. Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities Administrator's ’s customer service desk at (301000) 815000-66000000. Parxxxx xxxx xxx Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To The Securities Administrator shall be entitled to rely on but shall not be responsible for the extent timely received from content or accuracy of any information provided by third parties for purposes of preparing such statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802part of any other party hereto).
(b) The Securities Administrator's ’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company provided by each Servicer and the ServicersCap Provider. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 5.06 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall cause to be furnished upon written request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "“prohibited transactions," "” “contributions" ” or "“net income from foreclosure property" ” or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.129.13.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of a Class of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificatesforth:
(i) the amount of the related distribution to Holders of each Class of Certificates allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments Scheduled Payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class of Certificates allocable to interest, any Unpaid Interest Shortfall included in such distribution and any remaining Unpaid Interest Shortfall after giving effect to such distribution;
(iii) the Certificate Class Principal Balance or Certificate Class Notional Balance Balance, as the case may be, of each Class of Certificates after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Pool Stated Principal Balances of all of the Mortgage Loans Balance for the following Distribution Date;
(va) the aggregate of the Servicing Fees paid to or retained by the Company or Servicers, (b) the related compensation paid to the Master Servicer for and (c) the related Due Periodcompensation paid to the Trustee;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Net WAC Rate CapDistribution Date;
(vii) the Net WAC Rate for such Distribution Date;
(viii) the aggregate of the Stated Principal Balances of the Discount Loans and, for any Distribution Date following the Initial Optional Call Date, the weighted average of the Net Mortgage Rates of the Discount Loans;
(a) the amount of Servicer Advances included in the distribution on such Distribution Date and (b) the amount of Master Servicer Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ixx) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 30 days, (2) 31 to 60 days, (23) 61 to 90 days and (34) 91 or more days, (B) in foreclosure and delinquent (1) 30 days, (2) 31 to 60 days, (23) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, and (C) as to which foreclosure has been postponed, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxi) the Rolling Six-Month Delinquency Rate for such Distribution Date;
(xii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date and the date of acquisition thereof;
(xixiii) the total number and principal balance of any real estate owned or REO Properties as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixiv) the three month rolling average of the percent equivalent of a fractionwith respect to any Liquidated Loan, the numerator of which is the aggregate loan number, Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is Realized Losses relating thereto;
(xv) the aggregate Stated Principal Balance of all Liquidated Loans, the aggregate of all Realized Losses relating thereto incurred during the Mortgage Loans as preceding calendar month, and the portion of such Realized Losses attributable to Special Hazard Losses, Fraud Losses and Bankruptcy Losses, respectively;
(xvi) the last day aggregate amount of the calendar month preceding Realized Losses allocated to each Class of Certificates for such Distribution Date;
(xiiixvii) the Realized Losses during Senior Credit Enhancement Percentage, the related Prepayment Period Mezzanine Credit Enhancement Percentage and the cumulative Realized Losses through the end of the preceding monthsuch Class Credit Enhancement Percentage separately stated, before and after giving effect to distributions on such Distribution Date;
(xivxviii) the Net WAC Rate Carryover Amount whether a Trigger Event is in effect for such Distribution Date;
(xix) whether a Credit Enhancement Lockout Event with respect to each Class of the Mezzanine Certificates and the amount on deposit Subordinate Certificates is in the Net WAC Reserve Fundeffect for such Distribution Date; and
(xvxx) the amount of the distribution made on whether a Stepdown Condition Precedent is in effect for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived obtained from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to (i) Redwood Trust, Inc. at 000 Xxxxxxx Xxxxxxx, Xxxxx 0000, Xxxx Xxxxxx, Xxxxxxxxxx 00000, (ii) each Rating AgencyAgency at its address specified in Section 10.05(b) hereof and (iii) Bloomberg Financial Markets at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Xxxx Xxxxxx and 000 Xxxxxxxx Xxxx Xxxxx, Xxxxxxxx, New Jersey 08542, Attention: Xxxx Xxxx.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vii) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R and Class A-RLT Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each A-R or Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any nonA-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12RLT Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date and (iii) the allocation of any Subsequent Recoveries for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are converted to REO Properties, and in each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLiquidated Loans;
(xiii14) with respect to any Liquidated Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit whether a Trigger Event is in the Net WAC Reserve Fund; andeffect;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make Certificates;
(17) [Reserved];
(18) the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk amount of Realized Losses and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible Subsequent Recoveries applied to the above parties. To Class A Certificates and the extent timely Subordinate Certificates for such Distribution Date;
(19) the amount, if any, received from under each Corridor Contract for such Distribution Date;
(20) all payments made by the Securities AdministratorMaster Servicer in respect of Compensating Interest for such Distribution Date;
(21) the information set forth in the Prepayment Charge Schedule; and
(22) with respect to any Mortgage Loan repurchased by a Seller or purchased by the Master Servicer, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802loan number and Stated Principal Balance relating thereto.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating AgencyAgency and the NIM Insurer. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsreporting.com.
(cx) Within a Xxxxxx x reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(ia)(1), (a)(2) and (a)(iia)(6) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i1) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii2) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii3) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv4) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v5) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi6) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii7) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i1), (ii2), (iii3) and (iv4) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset-Backed Certificates Series 2004-5)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, the TrusteeCertificateholder, the Master Servicer and Servicer, the Depositor and each Rating Agency a statement setting forth for with respect to the Certificatesrelated distribution:
(i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class thereof allocable to interest, and any Interest Carry Forward Amount for each Class;
(iii) the Class Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Pool Stated Principal Balances of all of the Mortgage Loans Balance for the following Distribution Date;
(v) the Net Rate Carryover paid on any Class of LIBOR Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(vi) the amount of the Master Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Periodwith respect to such Distribution Date;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate CapDistribution Date;
(viiviii) the amount of Advances included in the distribution on such Distribution Date;
(viii) Date and the cumulative aggregate amount of Applied Realized Loss Amounts to dateAdvances outstanding as of the close of business on such Distribution Date;
(ix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (34) 91 or more days, days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date and the date of acquisition thereof;
(xi) the total number and principal balance of any real estate owned or REO Properties (and market value, if available) as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding Overcollateralized Amount for such Distribution Date;
(xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period preceding calendar month and the cumulative aggregate amount of Subsequent Recoveries, if any, reducing the Realized Losses through the end of from the preceding monthcalendar months;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit whether a Trigger Event is in the Net WAC Reserve Fund; andeffect;
(xv) the amount of amount, if any, received under the distribution made on Corridor Contract for such Distribution Date Date;
(xvi) the amount due and the amount paid, respectively, under the Corridor Contract; and
(xvii) with respect to the Holders second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Class P Certificates allocable to Prepayment ChargesClosing Date. The Securities Administrator Trustee may make the foregoing Monthly Statement (and, at its option, any additional files containing the same above information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802http://www.mbsreporting.com.
(bx) The Securities Administrator's responsibility Xxx Xxxxxxx'x xesponsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from provided by the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI to this Agreement.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vii) of this Section 6.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carryforward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool, each Loan Group and each Loan Subgroup;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) any Group 1 Net Rate Carryover and Group 2 Net Rate Carryover paid on such Distribution Date;
(ix) the amount of Advances for each Certificate Group included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts for each Certificate Group to date;
(ixxi) the amount of any Enhancement Payments made with respect to such Distribution Date;
(xii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group and each Loan Subgroup: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 30 days, (2) 61 30 to 90 59 days, (3) 60 to 89 days and (34) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 to 60 30 days, (2) 61 30 to 90 59 days, (3) 60 to 89 days and (34) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group and Loan Subgroup, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance Balances of the any Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are converted to REO Properties, in each Loan Group and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans each Loan Subgroup as of the last day close of business on the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans in each Loan Group;
(xivxvi) with respect to any Liquidated Loan in each Loan Group and each Loan Subgroup, the loan number and Stated Principal Balance relating thereto;
(xvii) with respect to each Loan Group, whether a Trigger Event has occurred;
(xviii) any Group 1 Net WAC Rate Carryover Amount for paid and any remaining Group 1 Net Rate Carryover remaining on the Group 1 Certificates on such Distribution Date;
(xix) any Group 2 Net Rate Carryover paid and any remaining Group 2 Net Rate Carryover remaining on each Class of Group 2 Certificates and on such Distribution Date;
(xx) with respect to the March 2001 Distribution Date, (A) the amount on deposit in the Net WAC Reserve FundPre-Funding Account (if any) on the related Determination Date (specifying the portions thereof allocated to purchase Subsequent Mortgage Loans to be included in Loan Group 1, Loan Subgroup 2A and Loan Subgroup 2B, respectively) and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period (specifying the aggregate Stated Principal Balances such Subsequent Mortgage Loans included in the Loan Group 1, Loan Subgroup 2A and Loan Subgroup 2B, as the case may be);
(xxi) with respect to the April 2001 Distribution Date, (A) the remaining amounts in Pre-Funding Account (if any) at the end of the Funding Period that are included in (x) the Group 1 Principal Distribution Amount and (y) the Group 2 Principal Distribution Amount (in the case of clause (y), specifying the portion thereof allocated to the Class AV-1 Certificates and the portion thereof allocated to the Class AV-2) and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period (specifying the aggregate Stated Principal Balances such Subsequent Mortgage Loans included in the Loan Group 1, Loan Subgroup 2A and Loan Subgroup 2B, as the case may be); and the amount any Enhancement Payments for such Distribution Date and the amount remaining under the Seller Loss Coverage Obligation; and
(xvxxii) the amount, if any, received under the Cap Contract for such Distribution Date; and
(xxiii) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Reserve Fund Excluded BF-2 Carryover Amount.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.bnymbs.com.
(c) Within a reasonable period of time after reasonxxxx xxxxxx xx xxxx xfter the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2001-1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance Amount of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the amount of the Master Servicing Fee paid to or retained by the Master Servicer for the related Due Period and the amount of the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the amount of Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period;
(xi) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 6.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2004-Ac7)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;; 105
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) with respect to the November 2004 Distribution Date, the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) [reserved];
(xii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan in each Loan Group, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event is in effect;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) on such Distribution Date;
(xix) the amount on deposit in of Prepayment Charges collected or waived by the Net WAC Reserve FundMaster Servicer;
(xx) [reserved];
(xxi) [reserved]; and
(xvxxii) the amount, if any, due, and the amount of the distribution made on received under each Cap Contract for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsrepxxxxxx.xxx.
(cx) Within Xithin a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. 107 The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CWABS Asset-Backed Certificates Trust 2004-Bc4)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) with respect to the April, May and June 2002 Distribution Dates, the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) the amount of any Enhancement Payments made with respect to such Distribution Date;
(xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event has occurred;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-IO Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-IO Certificates) on such Distribution Date;
(xix) the amount of any Enhancement Payments for such Distribution Date and the amount remaining under the Seller Loss Coverage Obligation;
(xx) with respect to the April and May 2002 Distribution Date, (A) the amount on deposit in the Net WAC Reserve FundPre-Funding Account (if any) on the related Determination Date and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period;
(xxi) with respect to the June 2002 Distribution Date, (A) the remaining amounts in Pre-Funding Account (if any) at the end of the Funding Period that are included in the Principal Distribution Amount and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period;
(xxii) the amount, if any, received under the Cap Contract for such Distribution Date; and
(xvxxiii) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Excluded Carryover Amount.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.bnymbs.com.
(cx) Within a reasonable Xxxxxx x xxxxxxxxxe period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2002 1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller, the Guarantor and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date and (iii) the allocation of any Subsequent Recoveries for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are converted to REO Properties in bankruptcy or foreclosure or are REO Properties, and each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Liquidated Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLoans;
(xiii14) with respect to any Liquidated Mortgage Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC whether a Fixed Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; andTrigger Event or an Adjustable Rate Trigger Event has occurred;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make Certificates;
(17) [Reserved];
(18) the foregoing Monthly Statement (andamount, at its optionif any, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk of Realized Losses and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible Subsequent Recoveries allocated to the above parties. To Fixed Rate Subordinate Certificates and the extent timely Adjustable Rate Subordinate Certificates for such Distribution Date;
(19) the amount, if any, received from under each Corridor Contract for such Distribution Date;
(20) all payments made by the Securities AdministratorMaster Servicer in respect of Compensating Interest for such Distribution Date;
(21) the information set forth in the Prepayment Charge Schedule;
(22) with respect to any Mortgage Loan repurchased by a Seller or purchased by the Depositor, the Trustee will also make Guarantor or the related Monthly Statements available Master Servicer, the loan number and Stated Principal Balance relating thereto;
(23) the amount paid by the Guarantor under the Fannie Mae Guaranty for such Disxxxxxxixx Date; and
(24) all amounts paid to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing Guarantor in respect of the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Guarantor Reimbursement Amount for such Distribution Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available Trustee shall send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating AgencyAgency and the NIM Insurer. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsreporting.com. Xx xxx xxxxd Business Day preceding each Distribution Date, the Trustee shall deliver to the Guarantor (by electronic medium as specified in the next sentence) a statement identifying the Class Factor for the Class 1-AV-1 Certificates. The Trustee shall deliver such statement on or before 3:00 p.m. (New York time) on such day via the internet using the following domain name: bond_admin@fanniemae.com. If a Gxxxxxxxx Xxxxxxx xxxx xx payable on a Distribution Date, all information required under Section 4.05(a) must also be similarly delivered to the Guarantor on such third Business Day preceding such Distribution Date. The second consecutive failure by the Trustee to deliver such Class Factor for the Class 1-AV-1 Certificates (or to deliver an accurate Class Factor for the Class 1-AV-1 Certificates) to the Guarantor shall constitute an event of default and permit the Guarantor to remove the Trustee for cause; provided that the Master Servicer had delivered the information set forth above for the related Distribution Date to the Trustee.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(ia)(1), (a)(2) and (a)(iia)(6) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i1) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii2) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii3) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv4) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v5) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi6) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii7) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i1), (ii2), (iii3) and (iv4) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004-7)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date and (iii) the allocation of any Subsequent Recoveries for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Period;acquisition thereof; 113
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are converted to REO Properties, and in each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Liquidated Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLoans;
(xiii14) with respect to any Liquidated Mortgage Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; andwhether a Trigger Event or a Group 1 Sequential Trigger Event has occurred;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates;
(17) [Reserved];
(18) the amount of Realized Losses and Subsequent Recoveries applied to the Class 1-A-2 Certificates allocable and the Subordinate Certificates for such Distribution Date;
(19) prior to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement end of the Funding Period, (and, at its optionA) the amount on deposit in the Pre-Funding Account (if any) on the related Determination Date (net of investment income) and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and on the Distribution Date immediately following the end of the Funding Period, any additional files containing unused Pre-Funded Amount (if any) included in the same Principal Distribution Amount for such Distribution Date;
(20) the amount, if any, received in respect of each Corridor Contract for such Distribution Date;
(21) all payments made by the Master Servicer in respect of Compensating Interest for such Distribution Date;
(22) the information set forth in an alternative formatthe Prepayment Charge Schedule; and
(23) available each month with respect to Certificateholders via any Mortgage Loan repurchased by a Seller or purchased by the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing Depositor or the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities AdministratorMaster Servicer, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802loan number and Stated Principal Balance relating thereto.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available Trustee shall send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating AgencyAgency and the NIM Insurer. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.bnyinvestorreporting.com.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(ia)(1), (a)(2) and (a)(iia)(6) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i1) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii2) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii3) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv4) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v5) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi6) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii7) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i1), (ii2), (iii3) and (iv4) above shall be provided by the Depositor pursuant to Section 10.12.8.11 hereof. 115
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2005-2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer Depositor and the Depositor Credit Risk Manager via its website a statement setting forth the following information for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and therein, (C) the Extra Principal Distribution Amount (if any)) and (D) the amount of Prepayment Charges distributed to the Class P Certificates;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts Losses for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the amount of the Servicing Fees paid to or retained by the Company or Servicer and the related Master Servicing Fee paid to the Master Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, Period and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the cumulative amount of Advances included Realized Losses to date and, in addition, if the distribution on such Distribution DateCertificate Principal Balances of the Mezzanine Certificates have all been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Certificates;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Mortgage Loans in (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan Loans that was were liquidated during the preceding calendar month, the loan number and the aggregate of the Stated Principal Balance Balances of, and Realized Loss Losses on, such Mortgage Loan Loans as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xix) the total number and principal balance of any real estate owned or REO Properties as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiiixii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xivxiii) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund;
(xiv) amounts payable in respect of the Cap Contract; and
(xv) the amount of the distribution made on Credit Risk Management Fees paid to the Credit Risk Manager and/or the Seller for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesDate. The Securities Administrator may make the foregoing Monthly Statement monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's ’s internet website. The Securities Administrator's ’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxx.xxx”. Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities Administrator's ’s customer service desk at (301000) 815000-66000000. Parxxxx xxxx xxx Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To The Securities Administrator shall be entitled to rely on but shall not be responsible for the extent timely received from content or accuracy of any information provided by third parties for purposes of preparing such statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802part of any other party hereto).
(b) The Securities Administrator's ’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from provided by the Master Servicer, the Company Servicer and the ServicersCap Provider. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 5.06 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall cause to be furnished upon written request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "“prohibited transactions," "” “contributions" ” or "“net income from foreclosure property" ” or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.129.13.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class; 101
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are converted to REO Properties, and in each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLiquidated Loans;
(xiii14) with respect to any Liquidated Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit whether a Trigger Event is in the Net WAC Reserve Fund; andeffect;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make Certificates;
(17) [Reserved];
(18) the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible amount of Realized Losses applied to the above parties. To Subordinate Certificates for such Distribution Date; 102
(19) the extent timely amount, if any, received from under each Corridor Contract for such Distribution Date;
(20) all payments made by the Securities Administrator, Master Servicer in respect of Compensating Interest for such Distribution Date; and
(21) the Trustee will also make information set forth in the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Prepayment Charge Schedule.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating AgencyAgency and the NIM Insurer. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsreporting.com.
(cx) Within a reasonable Xxxxxx x xxxxxxxxle period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(ia)(1), (a)(2) and (a)(iia)(6) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i1) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii2) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii3) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv4) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v5) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any 103 cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi6) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii7) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i1), (ii2), (iii3) and (iv4) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004-4)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) with respect to the August 2004 Distribution Date, the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) [reserved];
(xii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan in each Loan Group, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event is in effect;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-R, Class C and Class P Certificates) on such Distribution Date;
(xix) the amount on deposit in of Prepayment Charges collected or waived by the Net WAC Reserve FundMaster Servicer;
(xx) [reserved];
(xxi) [reserved]; and
(xvxxii) the amount, if any, due, and the amount of the distribution made on received under each Cap Contract for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsrepxxxxxx.xxx.
(cx) Within Xxxxin a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CWABS Asset Backed Certificates Trust 2004-Bc3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class Certificateholders allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments principal prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class Certificateholders allocable to interestinterest and, with respect to the Group I Certificates, the portion thereof, if any, provided by the Swap Agreement;
(iii) Unpaid Interest Shortfall Amount and any Net WAC Cap Rate Carryover Amounts for the Class I-A, Class I-M and Class I-B Certificates and Group II Offered Certificates;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each the Class I-A, Class I-M and Class I-B Certificates and Group II Certificates before and after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for and Charge-Off Amounts, as applicable, on such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances Balance of all of the Mortgage Group I Loans or Group II HELOCs, as applicable, for the following Distribution Date;
(vvi) the amount of the related Servicing Fees paid to or retained by and the Company or the related Master Servicer Fees for the related Due Collection Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, for such Distribution Date and whether such Pass-Through Rate rate was limited by based on the related Net WAC Rate CapCap Rate;
(viiviii) the amount of Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts Stated Principal Balance of Mortgage the Group I Loans or Group II HELOCs, as applicable, (A) Delinquent (Delinquent, exclusive of Mortgage Group I Loans or Group II HELOCs in foreclosure and bankruptcy) foreclosure, (1) 31 to 31-60 days, (2) 61 to 61-90 days and (3) 91 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 to 31-60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 61-90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) with respect to any Mortgage Group I Loan or Group II HELOC that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss onor Charge-Off Amount, as applicable, on such Mortgage Group I Loan or Group II HELOC as of the end of the related Prepayment Collection Period;
(xi) whether a Trigger Event exists;
(xii) the total number and principal balance of any related real estate owned owned, or REO Properties REO, properties as of the end of the related Prepayment Collection Period;
(xiixiii) the three cumulative Realized Losses or Charge-Off Amounts, as applicable, through the end of the preceding month;
(xiv) the three-month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Group I Loans or Group II HELOCs that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance Balances of all of the Mortgage Group I Loans or Group II HELOCs, as of the last day of the calendar month preceding such Distribution Date;
(xiii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; andapplicable,
(xv) the amount of the distribution made Prepayment Charges remitted by the related Servicer and the amount on such Distribution Date deposit in the related Reserve Fund; and
(xvi) the amount of any Net Swap Payment payable to the Holders portion of the Class P Certificates allocable trust representing the Group I Certificates, any Net Swap Payment payable to Prepayment Chargesthe Swap Provider, any Swap Termination Payment payable to the trust and any Swap Termination Payment payable to the Swap Provider. The foregoing information and reports shall be prepared and determined by the Securities Administrator based solely on data provided to the Securities Administrator by the Master Servicer (in a format agreed to by the Securities Administrator and the Master Servicer) no later than four (4) Business Days prior to the Distribution Date. In preparing or furnishing the foregoing information, the Securities Administrator shall be entitled to rely conclusively on the accuracy of the information or data regarding the Mortgage Loans and the related REO Property that has been provided to the Securities Administrator by the Master Servicer, and the Securities Administrator shall not be obligated to verify, recompute, reconcile or recalculate any such information or data. The Securities Administrator may shall be entitled to conclusively rely on the Mortgage Loan data provided by the Master Servicer and shall have no liability for any errors in such Mortgage Loan data. The Securities Administrator will make the foregoing Monthly Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to the parties hereto, the Certificateholders and each Rating Agency via the Securities Administrator's ’s internet website. The Securities Administrator's ’s internet website shall initially be by located at "www.ctslink.com"xxx.xxxxxxxx.xxx. Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities Administrator's ’s customer service desk at (301000) 815000-66000000. Parxxxx xxxx xxx Parties that are unable to use the above distribution options option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may shall have the right to change the way Monthly Statements such statements are distributed in order to make such distributions distribution more convenient or and/or more accessible to the above partiesparties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. To the extent timely received from As a condition to access the Securities Administrator’s internet website, the Trustee will also make Securities Administrator may require registration and the related Monthly Statements available to Certificateholders via the Trustee's internet websiteacceptance of a disclaimer. The Trustee's internet website Securities Administrator will initially not be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing liable for the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802dissemination of information in accordance with this Agreement.
(b) The Securities Administrator's ’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicersrelated Servicer. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 6.06 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall cause to be furnished upon written request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 6.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Saco I Trust 2005-5)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each applicable Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
Date and (iviii) the aggregate allocation of the Stated Principal Balances of all of the Mortgage Loans any Subsequent Recoveries for the following such Distribution Date;
(v) the aggregate Stated Principal Balance of the Mortgage Loans for the Mortgage Pool;
(vi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of interest bearing Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) with respect to the November 2005 Distribution Date, the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) [reserved];
(xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) the total number and principal balance Stated Principal Balance of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event is in effect;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-IO, Class A-R, Class C and Class P Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-IO, Class A-R, Class C and Class P Certificates) on such Distribution Date;
(xix) the amount on deposit of Prepayment Charges collected or waived by the Master Servicer;
(xx) the amount of Realized Losses and Subsequent Recoveries applied to the Class A Certificates and Subordinated Certificates for such Distribution Date;
(xxi) all payments made by the Master Servicer in the Net WAC Reserve Fundrespect of Compensating Interest for such Distribution Date; and
(xvxxii) the amount, if any, due, and the amount of received under the distribution made on Corridor Contract for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities Administrator's Trustee’s responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee’s website at xxxx://xxx.xxxxxxxxxxxxxxxxxxxx.xxx.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "“prohibited transactions," "” “contributions" ” or "“net income from foreclosure property" ” or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc. Asset-Backed Certificates Trust 2005-Im2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution DateMortgage Pool;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) with respect to the September 2002 Distribution Date, the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) [Reserved];
(xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event has occurred;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-R, the Class X and Class N Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-R, Class X and Class N Certificates) on such Distribution Date;
(xix) the amount on deposit in of Prepayment Charges collected or waived by the Net WAC Reserve FundMaster Servicer;
(xx) [reserved];
(xxi) [reserved]; and
(xvxxii) the amount of amount, if any, received under the distribution made on Cap Contract for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsreporting.com.
(c) Within a reasonable period of time after the end of each xx xxxx xxxxx xxx xxx xx xxch calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.was
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Back Cert Series 2002-Bc3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Class 1-A-1 Insurer, each Seller and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date and (iii) the allocation of any Subsequent Recoveries for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are converted to REO Properties, and in each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Liquidated Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLoans;
(xiii14) with respect to any Liquidated Mortgage Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit whether a Trigger Event is in the Net WAC Reserve Fund; andeffect;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make Certificates;
(17) [Reserved];
(18) the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk amount of Realized Losses and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible Subsequent Recoveries applied to the above parties. To Subordinate Certificates for such Distribution Date;
(19) prior to the extent timely received end of the Funding Period, (A) the amount on deposit in the Pre-Funding Account (if any) on the related Determination Date (net of investment income) and the amount (if any) included in the Principal Distribution Amount and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period;
(20) the amount, if any, due from the Securities AdministratorCorridor Contract Counterparty, and the amounts received under each Corridor Contract for such Distribution Date;
(21) all payments made by the Master Servicer in respect of Compensating Interest for such Distribution Date;
(22) the information set forth in the Prepayment Charge Schedule;
(23) with respect to any Mortgage Loan repurchased by a Seller or purchased by the Master Servicer, the Trustee will also make loan number and Stated Principal Balance relating thereto;
(24) all amounts paid to the Class 1-A-1 Insurer in respect of any Class 1-A-1 Premium and Reimbursement Amount, and the amount of any claims made under the Class 1-A-1 Policy, and
(25) the amount of any claims made, and any claims rejected, under the Mortgage Insurance Policy during the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Due Period.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency, the Class 1-A-1 Insurer and the NIM Insurer. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsreporting.com.
(cx) Within a Xxxxxx x reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(ia)(1), (a)(2) and (a)(iia)(6) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i1) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii2) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii3) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv4) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v5) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi6) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii7) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i1), (ii2), (iii3) and (iv4) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Master Servicer shall prepare and make available cause to be forwarded by first Class mail to each Holder of Certificatesa Class of Certificates of the Trust Fund, the Trustee, the Master Servicer Subservicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (Btherein and(B) the aggregate of all scheduled payments of principal included therein and (C) the Extra Principal Distribution Amount (Amount, if any);
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carryforward Amount;
(iv) the Class Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Pool Stated Principal Balances of all of the Mortgage Loans Balance for the following Distribution Date;
(vvi) the related amount of the Servicing Fees Fee paid to or retained by the Company or the related Servicer for the related Due PeriodSubservicer;
(vivii) the related amount of the Master Servicer Fee paid to or retained by the Master Servicer;
(viii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Net WAC Rate CapDistribution Date;
(viiix) the Net Mortgage Rates for each of the Group I Mortgage Loans and the Group II Mortgage Loans;
(x) the amount of Advances for each Certificate Group included in the distribution on such Distribution Date;
(viiixi) the cumulative amount of Applied Realized Loss Amounts for each Certificate Group to date;
(ixxii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date and the date of acquisition thereof;
(xixiv) the total number and principal balance of any real estate owned or REO Properties in each Loan Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixv) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all Liquidated Loans in each Loan Group;
(xvi) with respect to any Liquidated Loan in each Loan Group, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Group I Trigger Event has occurred;
(xviii) with respect to the Group II Class A Certificates, any Class IIA-1 Interest Carryover Amount with respect to such Distribution Date, any Class IIA-1 Interest Carryover Amount paid and any remaining Class IIA-1 Interest Carryover Amount.
(xix) the amount of the Mortgage Loans as of the last day of the calendar month preceding any Insured Payment with respect to such Distribution Date;
(xiiixx) the Realized Losses during amount of any Group II Certificate Insurer Reimbursable Amounts paid to the related Prepayment Period and the cumulative Realized Losses through the end of the preceding monthGroup II Certificate Insurer;
(xivxxi) the Net WAC Rate Carryover related amount of the Premium Amount for each Class of Certificates and paid to the amount on deposit in the Net WAC Reserve FundGroup II Certificate Insurer; and
(xvxxii) whether each test set forth in the amount definition of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Group II Stepdown Event has been satisfied.
(b) The Securities AdministratorMaster Servicer's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the ServicersSubservicer. The Securities Administrator Master Servicer will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating AgencyAgency and to the Group II Certificate Insurer.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee Master Servicer shall cause to be furnished upon request to each Person who at any time during the calendar year was a CertificateholderCertificateholder and to the Group II Certificate Insurer, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Master Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator Master Servicer pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Master Servicer shall furnish to the Holders of the Residual Class R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Funding Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller, the Guarantor, the Class AF-5B Insurer and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date and (iii) the allocation of any Subsequent Recoveries for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;; 149
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are converted to REO Properties in bankruptcy or foreclosure or are REO Properties, and each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Liquidated Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLoans;
(xiii14) with respect to any Liquidated Mortgage Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC whether a Fixed Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; andTrigger Event or an Adjustable Rate Trigger Event has occurred;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable Certificates;
(17) prior to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement end of the Funding Period, (and, at its optionA) the amount on deposit in the Pre-Funding Account (if any) on the related Determination Date (net of investment income) and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and on the Distribution Date immediately following the end of the Funding Period, any additional files containing unused Pre-Funded Amount (if any) included in the same information in an alternative formatPrincipal Distribution Amount for such Distribution Date;
(18) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk amount, if any, of Realized Losses and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible Subsequent Recoveries allocated to the above parties. To Fixed Rate Subordinate Certificates and the extent timely Adjustable Rate Subordinate Certificates for such Distribution Date;
(19) the amount, if any, received from under each Corridor Contract for such Distribution Date;
(20) all payments made by the Securities AdministratorMaster Servicer in respect of Compensating Interest for such Distribution Date;
(21) the information set forth in the Prepayment Charge Schedule;
(22) with respect to any Mortgage Loan repurchased by a Seller or purchased by the Depositor, the Trustee will also make Guarantor or the related Monthly Statements available Master Servicer, the loan number and Stated Principal Balance relating thereto;
(23) the amount paid by the Guarantor under the Fannie Mae Guaranty for such Distribution Date; 150
(24) all amounts paid to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing Guarantor in respect of the Trustee's internet website can be obtained Guarantor Reimbursement Amount for such Distribution Date;
(25) the amount paid by calling the Trustee's customer service desk at Class AF-5B Insurer under the Class AF-5B Policy for such Distribution Date; and
(80026) 934-6802all amounts paid to the Class AF-5B Insurer in respect of the Class AF-5B Reimbursement Amount for such Distribution Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available Trustee shall send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating AgencyAgency and the NIM Insurer. The Trustee may make the above information available to Certificateholders and the Class AF-5B Insurer via the Trustee's website at http://www.mbsreporting.com. On the third Business Dax xxxxxxxxx xxxx Xxxxxxxxxxon Date, the Trustee shall deliver to the Guarantor (by electronic medium as specified in the next sentence) a statement identifying the Class Factor for the Class 1-AV-1 Certificates. The Trustee shall deliver such statement on or before 3:00 p.m. (New York time) on such day via the internet using the following domain name: bond_admin@fanniemae.com. If a Guarantor Payment will be payable xx x Xxxxxxxxxxxx Xxxx, all information required under Section 4.05(a) must also be similarly delivered to the Guarantor on such third Business Day preceding such Distribution Date. The second consecutive failure by the Trustee to deliver such Class Factor for the Class 1-AV-1 Certificates (or to deliver an accurate Class Factor for the Class 1-AV-1 Certificates) to the Guarantor shall constitute an event of default and permit the Guarantor to remove the Trustee for cause; provided that the Master Servicer had delivered the information set forth above for the related Distribution Date to the Trustee.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(ia)(1), (a)(2) and (a)(iia)(6) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i1) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii2) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual 151 interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii3) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv4) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v5) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi6) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii7) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i1), (ii2), (iii3) and (iv4) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Trust 2004-10)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(v) the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the amount of Advances included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to datedate and, in addition, if the Certificate Principal Balances of the Subordinate Certificates have all been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Certificates;
(ix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period;
(xi) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xiv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xv) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx Asxxxxxxxx xx xxing xxxng the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx Partxxx xxxx xxx unable xnable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxxwww.jpmorgan.com/absxxx". Xxxxxxxxxx xx xxing xxxng the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800877) 934722-68021095.
(b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset-Backed Certificates Series 2003-Ac5)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, the Seller and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) [reserved];
(xii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan in each Loan Group, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event is in effect;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-IO, Class A-R, Class C and Class P Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-IO, Class A-R, Class C and Class P Certificates) on such Distribution Date;
(xix) the amount of Prepayment Charges collected or waived by the Master Servicer;
(xx) with respect to the August 2004 Distribution Date, (A) the amount on deposit in the Net WAC Reserve FundPre-Funding Account (if any) on the related Determination Date and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period;
(xxi) with respect to the September 2004 Distribution Date, (A) the remaining amounts in Pre-Funding Account (if any) at the end of the Funding Period that are included in the Principal Distribution Amount and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and
(xvxxii) the amount, if any, due and the amount of received under the distribution made on Corridor Contracts for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsreporting.com.
(cx) Within a reasonable Xxxxxx x xxxxxxxxxe period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004-Ecc2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carryforward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateLoans;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) any Net Rate Carryover paid on such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) the amount of any Enhancement Payments made with respect to such Distribution Date and remaining Seller Loss Coverage;
(xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 30 days, (2) 31 to 60 days, (23) 61 to 90 days and (34) 91 or more days, and (B) in foreclosure and delinquent Delinquent (1) 30 days, (2) 31 to 60 days, (23) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance Balances of the any Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are converted to REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day close of business on the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated;
(xivxvi) with respect to any Liquidated Mortgage Loans, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event has occurred;
(xviii) any Net WAC Rate Carryover Amount for each Class of paid and any remaining Net Rate Carryover remaining on the Certificates and on such Distribution Date;
(xix) with respect to the February 2000 Distribution Date, (A) the amount on deposit in the Net WAC Reserve Fund; and
Pre-Funding Account (xvif any) on the related Determination Date and (B) the amount aggregate Stated Principal Balances of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Monthly Statements available to Certificateholders via Due Period (specifying the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing aggregate Stated Principal Balances such Subsequent Mortgage Loans, as the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802case may be).
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.bnymbs.com.
(cx) Within a reasonable Xxxxxx x xxxxxxxxle period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Certificates Series 2001-Bc1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) any Interest Carry Forward Amount for each Class;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution DateMortgage Pool;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(viiviii) [Reserved];
(ix) the amount of Advances included in the distribution on such Distribution Date;
(viiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixxi) the amount of any Enhancement Payments made with respect to such Distribution Date;
(xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxiii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end of the related Prepayment PeriodLoan;
(xixiv) and the total number and principal balance aggregate Stated Principal Balances of any real estate owned or Mortgage Loans converted to REO Properties as of the end close of business on the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month Determination Date preceding such Distribution Date;
(xiiixv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end aggregate Stated Principal Balances of the preceding monthall Liquidated Loans;
(xivxvi) with respect to any Liquidated Loan, the loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event has occurred;
(xviii) any Net WAC Rate Carryover Amount for paid on each Class of Certificates (other than the Class A-IO Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-IO Certificates) on such Distribution Date;
(xix) [Reserved];
(xx) with respect to the September 2001 Distribution Date, (A) the amount on deposit in the Net WAC Reserve FundPre-Funding Account (if any) on the related Determination Date and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and the amount any Enhancement Payments for such Distribution Date and the amount remaining under the Seller Loss Coverage Obligation;
(xxi) with respect to the October 2001 Distribution Date, (A) the remaining amounts in Pre-Funding Account (if any) at the end of the Funding Period that are included in the Principal Distribution Amount and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and the amount any Enhancement Payments for such Distribution Date and the amount remaining under the Seller Loss Coverage Obligation; and
(xvxxii) the amount of amount, if any, received under the distribution made on Cap Contract for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802Date.
(b) The Securities AdministratorTrustee's responsibility for making disbursing the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available send a copy of each statement provided pursuant to this Section 6.05 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.bnymbs.com.
(cx) Within a Xxxxxx x reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 6.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Class A-R Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.128.11.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2001-Bc3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer and the Depositor a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) the Extra Principal Distribution Amount (if any);
(ii) the amount of such distribution to Holders of each Class allocable to interestinterest and the portion thereof, if any, provided by the Yield Maintenance Agreements;
(iii) the Interest Carry Forward Amount and any Basis Risk Shortfall Carry Forward Amount for each Class of Certificates;
(iv) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(ivv) the aggregate of the Stated Principal Balances of all of the Mortgage Loans for the following Distribution Date;
(vvi) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vivii) the Pass-Through Rate for each Class of Offered Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the applicable Net WAC Rate Cap;
(viiviii) the amount of Advances included in the distribution on such Distribution Date;
(viiiix) the cumulative amount of Applied Realized Loss Amounts to date;
(ixx) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xxi) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xixii) the total number and principal balance of any real estate owned or REO Properties as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date;
(xiixiii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiiixiv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xivxv) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fundwhether a Trigger Event exists; and
(xvxvi) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator Trustee may make the foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities AdministratorTrustee's internet website. The Securities AdministratorTrustee's internet website shall initially be located at "www.ctslink.comwww.etrustee.net". Axxxxxxxxx Xxxxxxxxxx xx xxing the website can be obtained by calling the Securities AdministratorTrustee's customer service desk at (301312) 815904-66007053. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator Trustee may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.
(b) The Securities AdministratorTrustee's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Company and the Servicers. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 6.05 5.05 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.129.12.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Certificates Series 2004-He2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and make available cause to be forwarded by first class mail to each Holder of Certificates, a Class of Certificates of the TrusteeTrust Fund, the Master Servicer Servicer, each Seller, the Class 1-AV-1 Insurer and the Depositor a statement setting forth for the Certificates:
(i1) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, therein and (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any)therein;
(ii2) the amount of such distribution to Holders of each Class allocable to interest;
(iii3) any Interest Carry Forward Amount for each Class;
(4) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date and (iii) the allocation of any Subsequent Recoveries for such Distribution Date;
(iv5) the aggregate of the Stated Principal Balances of all Balance of the Mortgage Loans for the following Distribution DateMortgage Pool and each Loan Group;
(v6) the related amount of the Servicing Fees paid to or retained by the Company or the related Master Servicer for the related Due Period;
(vi7) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii8) the Net Rate Carryover paid on any Class of Certificates on such Distribution Date and any Net Rate Carryover remaining on any Class of Certificates on such Distribution Date;
(9) the amount of Advances for each Loan Group included in the distribution on such Distribution Date;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix10) the number and aggregate principal amounts of Mortgage Loans in each Loan Group: (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x11) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as and the date of the end of the related Prepayment Periodacquisition thereof;
(xi12) the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the any Mortgage Loans that are 60 days or more delinquent or are converted to REO Properties in bankruptcy or foreclosure or are REO Properties, and each Loan Group as of the denominator close of which is business on the Determination Date preceding such Distribution Date;
(13) the aggregate Stated Principal Balance of all of the Liquidated Mortgage Loans as of the last day of the calendar month preceding such Distribution DateLoans;
(xiii14) with respect to any Liquidated Mortgage Loan in each Loan Group, the Realized Losses during the related Prepayment Period loan number and the cumulative Realized Losses through the end of the preceding monthStated Principal Balance relating thereto;
(xiv15) the Net WAC whether a Fixed Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; andTrigger Event or an Adjustable Rate Trigger Event has occurred;
(xv16) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges. The Securities Administrator may make Certificates;
(17) [Reserved];
(18) the foregoing Monthly Statement (andamount, at its optionif any, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Parxxxx xxxx xxx unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk of Realized Losses and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible Subsequent Recoveries allocated to the above parties. To Fixed Rate Subordinate Certificates and the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802.Adjustable Rate Subordinate Certificates for such Distribution Date;
(b19) The Securities Administrator's responsibility the amount, if any, received under each Corridor Contract for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from such Distribution Date;
(20) all payments made by the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy Servicer in respect of each statement provided pursuant to this Section 6.05 to each Rating Agency.Compensating Interest for such Distribution Date;
(c21) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses the Prepayment Charge Schedule;
(a)(i22) with respect to any Mortgage Loan repurchased by a Seller or purchased by the Depositor, Master Servicer, the loan number and Stated Principal Balance relating thereto; and
(a)(ii23) of this Section 6.05 aggregated the amounts paid by the Class 1-AV-1 Insurer for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied Distribution Date; and
(24) all amounts paid to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to Class 1-AV-1 Insurer in respect of any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate Class 1-AV-1 Premiums payable with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption 1-AV-1 Policy and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and 1-AV-1 Reimbursement Amounts paid to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any nonClass 1-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12AV-1 Insurxx.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004-12)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and make available to each Holder of Certificates, the Trustee, the Master Servicer Depositor and the Depositor Credit Risk Manager via its website a statement setting forth for the Certificates:
(i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and therein, (C) the Extra Principal Distribution Amount (if any)) and (D) the amount of Prepayment Charges distributed to the Class P Certificates;
(ii) the amount of such distribution to Holders of each Class allocable to interest;
(iii) the Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts Losses for such Distribution Date;
(iv) the aggregate of the Stated Principal Balances of all of the Group I Mortgage Loans and Group II Mortgage Loans for the following Distribution Date;
(v) the amount of the Servicing Fees paid to or retained by the Company or the related Servicer for the related Due Period;
(vi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net WAC Rate Cap;
(vii) the cumulative amount of Advances included Realized Losses to date and, in addition, if the distribution on such Distribution DateCertificate Principal Balances of the Subordinate Certificates have all been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Certificates;
(viii) the cumulative amount of Applied Realized Loss Amounts to date;
(ix) the number and aggregate principal amounts of Group I Mortgage Loans and Group II Mortgage Loans in (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 thirty-one (31) to 60 sixty (60) days, (2) 61 sixty-one (61) to 90 ninety (90) days and (3) 91 ninety-one (91) or more days, (B) in foreclosure and delinquent (1) 31 thirty-one (31) to 60 sixty (60) days, (2) 61 sixty-one (61) to 90 ninety (90) days and (3) 91 or more days and ninety-one (C91) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan Loans that was were liquidated during the preceding calendar month, the loan number and the aggregate of the Stated Principal Balance Balances of, and Realized Loss Losses on, such Mortgage Loans (on a Loan Group basis) as of the end close of business on the last day of the related Prepayment Periodcalendar month preceding such Distribution Date;
(xix) the total number and principal balance of any real estate owned or REO Properties as of the end close of business on the last day of the related Prepayment Periodcalendar month preceding such Distribution Date;
(xiixi) the three three-month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated stated Principal Balance of the Group I Mortgage Loans or Group II Mortgage Loans, as applicable, that are 60 sixty (60) days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Group I Mortgage Loans or Group II Mortgage Loans, as applicable, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xiiixii) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xivxiii) the Net WAC Rate Carryover Amount for each Class of Certificates and the amount on deposit in the Net WAC Reserve Fund; and
(xvxiv) the amount amounts payable in respect of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesCap Contracts. The Securities Administrator may make the foregoing Monthly Statement monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's ’s internet website. The Securities Administrator's ’s internet website shall initially be located at "www.ctslink.com"“wxx.xxxxxxx.xxx”. Axxxxxxxxx xx xxing Assistance in using the website can be obtained by calling the Securities Administrator's ’s customer service desk at (301000) 815000-66000000. Parxxxx xxxx xxx Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To The Securities Administrator shall also be entitled to rely on but shall not be responsible for the extent timely received from content or accuracy of any information provided by third parties for purposes of preparing such statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator’s internet website, the Trustee will also make Securities Administrator may require registration and the related Monthly Statements available to Certificateholders via the Trustee's internet websiteacceptance of a disclaimer. The Trustee's internet website Securities Administrator will initially not be located at "https://trustinvestxxxxxxxxxxx.xxxxxx.xxx". Xxxxxxxxxx xx xxing liable for the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (800) 934-6802dissemination of information in accordance with this Agreement.
(b) The Securities Administrator's ’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from provided by the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 5.06 to each Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall cause to be furnished upon written request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "“prohibited transactions," "” “contributions" ” or "“net income from foreclosure property" ” or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.129.13.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (NAAC Alternative Loan Trust, Series 2005-Wf1)
