Reports to Master Servicer. Not later than the tenth (10th) calendar day of each month (or if such tenth calendar day is not a Business Day, the immediately succeeding Business Day), the Servicer shall furnish to the Master Servicer (i) (a) monthly loan data in a mutually agreed-upon format, (b) default loan data in the format set forth in Exhibit X-1 hereto (or in such other format mutually agreed-upon between the Servicer and the Master Servicer) and (c) information regarding realized losses and gains in the format set forth in Exhibit X-2 hereto (or in such other format mutually agreed between the Servicer and the Master Servicer), in each case relating to the period ending on the last day of the preceding calendar month, (ii) all such information required pursuant to clause (i)(a) above on a magnetic tape, electronic mail, or other similar media reasonably acceptable to the Master Servicer and (iii) all supporting documentation with respect to the information required pursuant to clause (i)(c) above.
Reports to Master Servicer. On or before the tenth calendar day of each month, the Company shall furnish to the Master Servicer electronically in a format acceptable to the Master Servicer loan accounting reports in the investor’s assigned loan number order to document the payment activity on each EMC Mortgage Loan on an individual mortgage loan basis. With respect to each month, such loan accounting reports shall contain the following:
(i) with respect to each Scheduled Payment and each Loan Group (on both an actual and scheduled basis with respect to mortgage loan balances and on an actual basis with respect to paid-through dates), the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the amount of any Prepayment Interest Shortfall);
(ii) with respect to each Monthly Payment and each Loan Group, the amount of such remittance allocable to scheduled interest;
(iii) the amount of servicing compensation received by the Company during the prior calendar month;
(iv) with respect to each Loan Group, the aggregate stated principal balance of the EMC Mortgage Loans;
(v) with respect to each Loan Group, the aggregate amount of Advances made by the Company pursuant to Section 6.01;
(vi) with respect to each Loan Group the aggregate of any expenses reimbursed to the Company during the prior calendar month pursuant to Section 5.02;
(vii) with respect to each Loan Group the number and aggregate outstanding principal balances of EMC Mortgage Loans (a) delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(viii) with respect to each Loan Group the amount of any Prepayment Charges collected by the Company and the amount of Prepayment Charges paid by the Company in connection with a waiver that is not permitted under this Agreement.
Reports to Master Servicer. On or before the tenth calendar day of each month, the Company shall furnish to the Master Servicer electronically in a format acceptable to the Master Servicer loan accounting reports in the investor's assigned loan number order to document the payment activity on each EMC Mortgage Loan on an individual mortgage loan basis. With respect to each month, such loan accounting reports shall contain the following:
(i) with respect to each Scheduled Payment (on both an actual and scheduled basis with respect to mortgage loan balances and on an actual basis with respect to paid-through dates), the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the amount of any Prepayment Interest Shortfall);
(ii) with respect to each Monthly Payment, the amount of such remittance allocable to scheduled interest;
(iii) the amount of servicing compensation received by the Company during the prior calendar month;
(iv) the aggregate scheduled principal balance of the EMC Mortgage Loans;
(v) the aggregate amount of Advances made by the Company pursuant to Section 6.01;
(vi) the aggregate of any expenses reimbursed to the Company during the prior calender month pursuant to Section 5.02;
(vii) the number and aggregate outstanding principal balances of EMC Mortgage Loans (a) delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(viii) the amount of any Prepayment Charges collected by the Company and the amount of Prepayment Charges paid by the Company in connection with a waiver that is not permitted under this Agreement.
Reports to Master Servicer. (i) On or before the fifth Business Day of each month (or, with respect to information as to Full Principal Prepayments and prepayment penalties no later than one (1) Business Day after the end of each Prepayment Period), the Company shall furnish to the Master Servicer electronically in a format acceptable to the Master Servicer loan accounting reports in the investor’s assigned loan number order to document the payment activity on each EMC Mortgage Loan on an individual mortgage loan basis and containing the data required by the forms attached hereto as Exhibit S, Exhibit T and Exhibit U, Exhibit X, Exhibit Y, Exhibit Z, Exhibit AA and Exhibit BB or in a format mutually agreed upon between the Company and the Master Servicer. In addition, the Company shall provide to the Master Servicer and the Depositor:
(ii) any and all information and appropriate verification of information which may be reasonably available to the Company, whether through letters of its auditors and counsel or otherwise, as the Depositor or any such other participant shall request upon reasonable demand; and
(iii) such additional representations, warranties, covenants, opinions of counsel, letters from auditors, and certificates of public officials or officers of the Company as are reasonably agreed upon by the Depositor and the Company or any such other participant.
Reports to Master Servicer. Not later than the tenth (10th) calendar day of each month (or if such tenth calendar day is not a Business Day, the immediately succeeding Business Day), the related Servicer shall furnish to the Master Servicer (i) (a) monthly loan data in a mutually agreed-upon format containing all of the information set forth in Exhibit X-1, (b) default loan data in the format set forth in Exhibit X-2 hereto (or in such other format mutually agreed-upon between such Servicer and the Master Servicer) and (c) information regarding realized losses and gains in the format set forth in Exhibit X-3 hereto (or in such other format mutually agreed between such Servicer and the Master Servicer), in each case relating to the period ending on the last day of the preceding calendar month, (ii) all such information required pursuant to clause (i)(a) above on a magnetic tape, electronic mail, or other similar media reasonably acceptable to the Master Servicer and (iii) all supporting documentation with respect to the information required pursuant to clause (i)(c) above. Not later than two (2) Business Days after the Determination Date of each calendar month, GMACM shall furnish to the Master Servicer a monthly report containing such information regarding prepayments of Mortgage Loans during the applicable Prepayment Period in a format as mutually agreed to between GMACM and the Master Servicer.
Reports to Master Servicer. (i) On or before the tenth calendar day of each month, the Company shall furnish to the Master Servicer electronically in a format acceptable to the Master Servicer loan accounting reports in the investor’s assigned loan number order to document the payment activity on each EMC Mortgage Loan on an individual mortgage loan basis and containing the data required by the forms attached hereto as Exhibit S, Exhibit T and Exhibit U or in a format mutually agreed upon between the Company and the Master Servicer. In addition, the Company shall provide to the Master Servicer and the Depositor:
(i) any and all information and appropriate verification of information which may be reasonably available to the Company, whether through letters of its auditors and counsel or otherwise, as the Depositor or any such other participant shall request upon reasonable demand; and
(ii) such additional representations, warranties, covenants, opinions of counsel, letters from auditors, and certificates of public officials or officers of the Company as are reasonably agreed upon by the Depositor and the Company or any such other participant.
Reports to Master Servicer. On or before the tenth calendar day of each month, the Company shall furnish to the Master Servicer electronically in a format acceptable to the Master Servicer loan accounting reports in the investor’s assigned loan number order to document the payment activity on each EMC Mortgage Loan on an individual mortgage loan basis. With respect to each month, such loan accounting reports shall be in the format agreed to by the Company and the Master Servicer, including but not limited to the following information with respect to each EMC Mortgage Loan:
(i) with respect to each Scheduled Payment (on both an actual and scheduled basis with respect to Mortgage Loan balances and on an actual basis with respect to paid-through dates), the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the amount of any Prepayment Interest Shortfall);
(ii) with respect to each Monthly Payment, the amount of such remittance allocable to scheduled interest;
(iii) the amount of servicing compensation received by the Company during the prior calendar month;
(iv) the aggregate stated principal balance of the EMC Mortgage Loans;
(v) the aggregate amount of Advances made by the Company pursuant to Section 6.01;
(vi) the aggregate of any expenses reimbursed to the Company during the prior calender month pursuant to Section 5.02;
(vii) the number and aggregate Stated Principal Balance of the Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 30 days Delinquent, (2) 60 days Delinquent and (3) 90 days or more Delinquent, (B) in foreclosure and delinquent and (1) 30 days Delinquent, (2) 60 days Delinquent and (3) 90 days or more Delinquent (C) in bankruptcy and delinquent (1) 30 days Delinquent, (2) 60 days Delinquent and (3) 90 days or more Delinquent, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date and separately identifying such information for the (1) second lien Mortgage Loans, and (3) Adjustable Rate Mortgage Loans; and
(viii) the amount of any Prepayment Charges collected by the Company and the amount of Prepayment Charges paid by the Company in connection with a waiver that is not permitted under this Agreement. The Master Servicer shall be entitled to rely conclusively on the Mortgage Loan data provided by the Company and the Servicer and shall have no liability for any errors in such Mortgage Loan data.
Reports to Master Servicer. On or before the fifth Business Day of each month (or, with respect to information as to Full Principal Prepayments and prepayment penalties no later than one (1) Business Day after the end of each Prepayment Period), the Company shall furnish to the Master Servicer electronically in a format acceptable to the Master Servicer loan accounting reports in the investor’s assigned loan number order to document the payment activity on each Mortgage Loan on an individual mortgage loan basis and containing the data required by the forms attached hereto as Exhibit R, Exhibit S, Exhibit T, Exhibit U, Exhibit V, Exhibit W, Exhibit X and Exhibit Y or in a format mutually agreed upon between the Company and the Master Servicer. In addition, the Company shall provide to the Master Servicer and the Depositor:
Reports to Master Servicer. On or before the sixteenth calendar day of each month, the Servicer shall furnish to the Master Servicer electronically in a format acceptable to the Master Servicer loan accounting reports in the investor’s assigned loan number order to document the payment activity on each HELOC on an individual mortgage loan basis. With respect to each month, such loan accounting reports shall be in the format agreed to by the Servicer and the Master Servicer, including but not limited to the following information with respect to each HELOC:
(i) with respect to each Monthly Payment (on an actual basis with respect to HELOC balances and paid-through dates), the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the amount of any Interest Shortfall);
(ii) with respect to each Monthly Payment, the amount of such remittance allocable to interest;
(iii) the amount of servicing compensation received by the Servicer during the prior calendar month;
(iv) the aggregate principal balance of the HELOCs;
(v) the aggregate of any expenses reimbursed to the Servicer during the prior calendar month pursuant to Section 5.03;
(vi) the aggregate Additional Balances and Additional Balance Advance Amounts created during the prior calendar month; and
(vii) the number and aggregate Outstanding Principal Balances of HELOCs (a) delinquent, exclusive of HELOCs in foreclosure, (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 Payment Date. The Master Servicer shall be entitled to rely conclusively on the HELOC data provided by the Servicer and shall have no liability for any errors in such HELOC data.
Reports to Master Servicer. (a) Not later than 3:00 p.m. Eastern time on the eighteenth (18th) calendar day of each month (or if such eighteenth calendar day is not a Business Day, the immediately following Business Day), the Servicer shall furnish to the Master Servicer (i) (a) monthly loan data in a mutually agreed-upon format, (b) default loan data in the format set forth in Exhibit X-1 hereto (or in such other format mutually agreed-upon between the Servicer and the Master Servicer) and (c) information regarding realized losses and gains in the format set forth in Exhibit X-2 hereto (or in such other format mutually agreed between the Servicer and the Master Servicer), in each case relating to the period ending on the last day of the preceding calendar month, (ii) all such information reasonably required pursuant to clause (i)(a) above on a magnetic tape, electronic mail, or other similar media reasonably acceptable to the Master Servicer and (iii) all supporting documentation with respect to the information required pursuant to clause (i)(c) above.
(b) In addition, each month the Servicer shall provide to the Depositor, or the Depositor’s designee, which may include NovaStar Mortgage, Inc. (“NovaStar”), loan-level performance data of each Mortgage Loan listed on the Mortgage Loan Schedule as having been originated by NovaStar. For purposes of this subsection, loan level performance data shall be limited to the following: (i) date (as of end of the month); (ii) loan id; (iii) current interest rate; (iv) actual beginning principal balance; (v) actual ending principal balance; (vi) scheduled principal and interest; (vii) scheduled principal; (viii) actual principal collected account; (ix) actual gross interest collected amount; (x) next payment due date; (xi) loan modification flag (Y/N); (xii) in foreclosure (Y/N); (xiii) in REO (Y/N); (xiv) bankruptcy type (7, 11, 13 or blank); (xv) post-petition due date (for bankruptcy chapter 13 loans only); (xvi) paid-in-full date; (xvii) paid-in-full principal; (xviii) prepay penalty collected amount; (xix) foreclosure completed date; (xx) liquidation date; (xxi) liquidation type (REO sale, short sale, third party sale, write off, other); (xxii) loss amount before any mortgage insurance claim; (xxiii) mortgage insurance company name; (xxiv) mortgage insurance claim received amount.
