Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.
Appears in 7 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc3), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He5), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He8)
Servicer. Amounts due to investors are allocated and remitted in accordance X with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ------------------ -------------- Disbursements made to an investor are posted within two business X days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ------------------ -------------- Amounts remitted to investors per the investor reports agree with X cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ------------------ -------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ------------------ -------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ------------------ -------------- Mortgage loan and related documents are safeguarded as required by X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ------------------ -------------- Any additions, removals or substitutions to the asset pool are X made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ------------------ -------------- Payments on mortgage loans, including any payoffs, made in X accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ------------------ -------------- The Servicer's records regarding the mortgage loans agree with the X Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ------------------ -------------- Changes with respect to the terms or status of an obligor's X mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ------------------ -------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, X modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction 1122(d)(4)(vii) agreements. -------------------- --------------------------------------------------------------------- ------------------ -------------- Records documenting collection efforts are maintained during the X period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring 1122(d)(4)(viii) delinquent mortgage loans including, for example, phone calls, -------------------- --------------------------------------------------------------------- ------------------ -------------- Exh. H-2 -------------------- --------------------------------------------------------------------- ------------------ -------------- letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). -------------------- --------------------------------------------------------------------- ------------------ -------------- Adjustments to interest rates or rates of return for mortgage loans X with variable rates are computed based on 1122(d)(4)(ix) the related mortgage loan documents. -------------------- --------------------------------------------------------------------- ------------------ -------------- Regarding any funds held in trust for an obligor (such as escrow X accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. -------------------- --------------------------------------------------------------------- ------------------ -------------- Payments made on behalf of an obligor (such as tax or insurance X payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. -------------------- --------------------------------------------------------------------- ------------------ -------------- Any late payment penalties in connection with any payment to be X made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the 1122(d)(4)(xii) late payment was due to the obligor's error or omission. -------------------- --------------------------------------------------------------------- ------------------ -------------- Disbursements made on behalf of an obligor are posted within two X business days to the obligor's records maintained by the servicer, or such other number of days 1122(d)(4)(xiii) specified in the transaction agreements. -------------------- --------------------------------------------------------------------- ------------------ -------------- Delinquencies, charge-offs and uncollectible accounts are X recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. -------------------- --------------------------------------------------------------------- ------------------ -------------- Any external enhancement or other support, identified in Item X 1114(a)(1) through (3) or Item 1115 of Regulation 1122(d)(4)(xv) AB, is maintained as set forth in the transaction agreements. -------------------- --------------------------------------------------------------------- ------------------ -------------- Exh. H-3 EXHIBIT I --------- SARBANES CERTIFICATION Re: The [ ] agreement dated as of [ ], 200[ ] (the "Agreement"), among [IDENTIFY PARTIES] I, ________________________________, the _______________________ of [Name of Servicer] (the "Servicer"), certify to [the Owner], [the Depositor], and the [Master Servicer] [Securities Administrator] [Trustee], and their officers, with the knowledge and intent that they will rely upon this certification, that:
Appears in 5 contracts
Samples: Servicing Agreement (Banc of America Funding 2006-5 Trust), Servicing Agreement (Banc of America Funding 2006-8t2 Trust), Servicing Agreement (Banc of America Funding 2007-2 Trust)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the 1122(d)(3)(iii) transaction agreements. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage 1122(d)(4)(i) loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X loan 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.---------------------------------------------------------------------------------------------
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (GSAA Home Equity Trust 2006-3), Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-4), Master Servicing and Trust Agreement (GSAA Home Equity Trust 2006-3)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements X 1122(d)(4)(vii) established by the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency X 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). ----------------------------------------------------------------------------------------------------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on 1122(d)(4)(ix) the related mortgage loan documents. X ----------------------------------------------------------------------------------------------------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 X calendar days of full repayment of the related mortgage loans, or 1122(d)(4)(x) such other number of days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such X 1122(d)(4)(xi) other number of days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or 1122(d)(4)(xii) omission. X ----------------------------------------------------------------------------------------------------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction X 1122(d)(4)(xiii) agreements. ----------------------------------------------------------------------------------------------------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. X ----------------------------------------------------------------------------------------------------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is 1122(d)(4)(xv) maintained as set forth in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- EXHIBIT B FORM OF ANNUAL CERTIFICATION Re: The [ ] agreement dated as of [ ], 200[ ] (the "Agreement"), among [IDENTIFY PARTIES] I, ________________________________, the _______________________ of Countrywide Home Loans, Inc., certify to [the Purchaser], [the Depositor], [Master Servicer], [Securities Administrator] or [Trustee], and its officers, with the knowledge and intent that they will rely upon this certification, that:
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He4), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He2), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He3)
Servicer. Amounts due to investors are allocated and remitted in accordance X with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------------- -------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or 1122(d)(3)(iv) custodial bank Statements X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related X 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Mortgage loan and related documents are safeguarded as required by 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or X 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------------- -------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the X transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the X Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ---------------------- -------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, X reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ---------------------- -------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and X concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. -------------------- ---------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring X delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). -------------------- --------------------------------------------------------------------- ---------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan X 1122(d)(4)(ix) documents. -------------------- --------------------------------------------------------------------- ----------------------
Appears in 2 contracts
Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-12xs), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-15xs)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Servicer/Trustee ------------------------------------------------------------------------------------------------------------------ Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X Servicer/Trustee 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X Servicer/Trustee 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Collateral or security on mortgage loans is maintained as required X Servicer/Trustee 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Mortgage loan and related documents are safeguarded as required by Trustee 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Trustee/Servicer ------------------------------------------------------------------------------------------------------------------ Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X Servicer 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Servicer ------------------------------------------------------------------------------------------------------------------ Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Servicer ------------------------------------------------------------------------------------------------------------------ Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements Servicer 1122(d)(4)(vii) established by the transaction agreements. ------------------------------------------------------------------------------------------------------------------ Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency Servicer 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). ------------------------------------------------------------------------------------------------------------------ Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. Servicer ------------------------------------------------------------------------------------------------------------------ Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar Servicer days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. ------------------------------------------------------------------------------------------------------------------ Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such Servicer 1122(d)(4)(xi) other number of days specified in the transaction agreements. ------------------------------------------------------------------------------------------------------------------ Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. Servicer ------------------------------------------------------------------------------------------------------------------ Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction Servicer 1122(d)(4)(xiii) agreements. ------------------------------------------------------------------------------------------------------------------ Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. Servicer ------------------------------------------------------------------------------------------------------------------ Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained Trustee 1122(d)(4)(xv) as set forth in the transaction agreements. ------------------------------------------------------------------------------------------------------------------ EXHIBIT Q ADDITIONAL FORM 10-D DISCLOSURE -------------------------------------------------------------------------------- Item on Form 10-D Party Responsible -------------------------------------------------------------------------------- Item 1: Distribution and Pool Servicer/Trustee Performance Information
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-Nc2), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-Nc2)
Servicer. Amounts due to investors are allocated and remitted in accordance X X with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Disbursements made to an investor are posted within two business X X days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Amounts remitted to investors per the investor reports agree with X X cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Collateral or security on mortgage loans is maintained as required X X X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Mortgage loan and related documents are safeguarded as required by X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Any additions, removals or substitutions to the asset pool are X X X made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Payments on mortgage loans, including any payoffs, made in X accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ The Servicer's records regarding the mortgage loans agree with the X Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Changes with respect to the terms or status of an obligor's X X mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Loss mitigation or recovery actions (e.e.g., forbearance plans, X X modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------------ Records documenting collection efforts are maintained during the X period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). ------------------------------------------------------------------------------------------------------------------------------------ Adjustments to interest rates or rates of return for mortgage loans X with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. ------------------------------------------------------------------------------------------------------------------------------------ Regarding any funds held in trust for an obligor (such as escrow X accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------------ Payments made on behalf of an obligor (such as tax or insurance X payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------------ Any late payment penalties in connection with any payment to be X made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. ------------------------------------------------------------------------------------------------------------------------------------ Disbursements made on behalf of an obligor are posted within two X business days to the obligor's records maintained by the Servicer, or such other number of days specified in the transaction 1122(d)(4)(xiii) agreements. ------------------------------------------------------------------------------------------------------------------------------------ Delinquencies, charge-offs and uncollectible accounts are X X recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. ------------------------------------------------------------------------------------------------------------------------------------ Any external enhancement or other support, identified in Item X 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained 1122(d)(4)(xv) as set forth in the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------------ [_______________________] Date: _________________________ By:_____________________________ Name: Title:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-6 Trust), Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-9 Trust)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements X 1122(d)(4)(vii) established by the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency X 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). ----------------------------------------------------------------------------------------------------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on 1122(d)(4)(ix) the related mortgage loan documents. X ----------------------------------------------------------------------------------------------------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 X calendar days of full repayment of the related mortgage loans, or 1122(d)(4)(x) such other number of days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such X 1122(d)(4)(xi) other number of days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or 1122(d)(4)(xii) omission. X ----------------------------------------------------------------------------------------------------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction X 1122(d)(4)(xiii) agreements. ----------------------------------------------------------------------------------------------------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. X ----------------------------------------------------------------------------------------------------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is 1122(d)(4)(xv) maintained as set forth in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- EXHIBIT DD REPRESENTATIONS AND WARRANTIES AGREEMENT This REPRESENTATIONS AND WARRANTIES AGREEMENT (this "Agreement"), dated as of September 28, 2007 (the "Closing Date"), is between MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC, successor in interest by xxxxxx xx XXXXAN STANLEY MORTGAGE CAPITAL INC. (the "Sponsor") and MORGAN STANLEY XXX XAXXXXX X INC. (the "Depositor").
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He7)
Servicer. Amounts due to investors are allocated and remitted in accordance Servicer/Trustee with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in the transaction 1122(d)(3)(ii) agreements. X ----------------------------------------------------------------------------------------------------------------- Servicer/Trustee -------------------- --------------------------------------------------------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X Servicer/Trustee 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X Servicer/Trustee 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) Servicer/Trustee by the transaction agreements 1122(d)(4)(i) or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- Servicer/Trustee -------------------- --------------------------------------------------------------------- ---------------------- Mortgage loan and related documents are safeguarded as required by Trustee 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ---------------------- Any additions, removals or substitutions to the asset pool are Trustee/Servicer made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the 1122(d)(4)(iii) transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Trustee/Servicer -------------------- --------------------------------------------------------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in Servicer accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the Servicer Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ---------------------- Changes with respect to the terms or status of an obligor's Servicer mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ---------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, Servicer modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. -------------------- --------------------------------------------------------------------- ---------------------- Records documenting collection efforts are maintained during the Servicer period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). -------------------- --------------------------------------------------------------------- ---------------------- Adjustments to interest rates or rates of return for mortgage loans Servicer with variable rates are computed 1122(d)(4)(ix) based on the related mortgage loan documents. Servicer -------------------- --------------------------------------------------------------------- ---------------------- P-2 ------------------------------------------------------------------------------------------ ---------------------- APPLICABLE SERVICING SERVICING CRITERIA CRITERIA ------------------------------------------------------------------------------------------ ---------------------- Reference Criteria -------------------- --------------------------------------------------------------------- ---------------------- Regarding any funds held in trust for an obligor (such as escrow Servicer accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. -------------------- --------------------------------------------------------------------- ---------------------- Payments made on behalf of an obligor (such as tax or insurance Servicer payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. -------------------- --------------------------------------------------------------------- ---------------------- Any late payment penalties in connection with any payment to be Servicer made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or 1122(d)(4)(xii) omission. Servicer -------------------- --------------------------------------------------------------------- ---------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction Servicer 1122(d)(4)(xiii) agreements. -------------------- --------------------------------------------------------------------- ---------------------- Delinquencies, charge-offs and uncollectible accounts are Servicer recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. -------------------- --------------------------------------------------------------------- ---------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained Trustee 1122(d)(4)(xv) as set forth in the transaction agreements. -------------------- --------------------------------------------------------------------- ---------------------- -------------------- --------------------------------------------------------------------- ---------------------- EXHIBIT Q ADDITIONAL FORM 10-D DISCLOSURE ------------------------------------------------- ----------------------------------------------- Item on Form 10-D Party Responsible ------------------------------------------------- ----------------------------------------------- Item 1: Distribution and Pool Performance Servicer Information Trustee
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as required by X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements X 1122(d)(4)(vii) established by the transaction agreements. --------------------------------------------------------------------------------------------------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency X 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). --------------------------------------------------------------------------------------------------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. X --------------------------------------------------------------------------------------------------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar X days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. --------------------------------------------------------------------------------------------------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such X 1122(d)(4)(xi) other number of days specified in the transaction agreements. --------------------------------------------------------------------------------------------------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. X --------------------------------------------------------------------------------------------------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of days specified in the transaction X 1122(d)(4)(xiii) agreements. --------------------------------------------------------------------------------------------------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. X X --------------------------------------------------------------------------------------------------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained X X 1122(d)(4)(xv) as set forth in the transaction agreements. --------------------------------------------------------------------------------------------------------------- [BANK OF AMERICA, NATIONAL ASSOCIATION] [WELLS FARGO BANK, N.A.] Date: _________________________ By: Namx: ________________________________ Title: ________________________________ EXHIBIT R-1 ADDITIONAL FORM 10-D INFORMATION Item on Form 10-D Party Responsible -------------------------------------------------------------------------------- Item 1: Distribution and Pool Depositor Performance Information Servicer Trustee
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2006-4)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set 1122(d)(3)(ii) terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------- ---------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X days 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ---------------- ---------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other 1122(d)(3)(iv) form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ---------------- ---------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ---------------- ---------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction 1122(d)(4)(i) agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------- ---------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- 1122(d)(4)(ii) agreements. ---------------- ---------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------- ---------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------- ---------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ---------------- ---------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements 1122(d)(4)(vi) and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ---------------- ---------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established 1122(d)(4)(vii) by the transaction agreements. ---------------- ---------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or 1122(d)(4)(vii) unemployment). ---------------- ---------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. ---------------- ----------------
Appears in 1 contract
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction 1122(d)(3)(iii) agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or 1122(d)(3)(iv) custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Mortgage loan and related documents are safeguarded as required 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- agreements. -------------------- ---------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements 1122(d)(4)(vi) and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the 1122(d)(4)(vii) transaction agreements. -------------------- ----------------------
Appears in 1 contract
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction 1122(d)(3)(iii) agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X statements. 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements 1122(d)(4)(vi) and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Loss mitigation or recovery actions (e.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CHL Mortgage Pass-Through Trust 2006-3)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in X 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) custodial bank statements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage X 1122(d)(4)(i) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Mortgage loan and related documents are safeguarded as required by X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or X 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the X transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal X 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.-------------------- ----------------------
Appears in 1 contract
Samples: Servicing Agreement (Sasco 2006-3h)
Servicer. Amounts due to investors are allocated and remitted in X accordance with timeframes, distribution priority and other 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Disbursements made to an investor are posted within two X business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction 1122(d)(3)(iii) agreements. ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Amounts remitted to investors per the investor reports X agree with cancelled checks, or other form of payment, 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Collateral or security on mortgage loans is maintained X X as required X 1122(d)(4)(i) by the transaction agreements or related 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Mortgage loan and related documents are safeguarded as X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Any additions, removals or substitutions to the asset X pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Payments on mortgage loans, including any payoffs, made X in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the 1122(d)(4)(iv) related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- The Servicer's records regarding the mortgage loans X agree with the Servicer's records with respect to an 1122(d)(4)(v) obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Changes with respect to the terms or status of an X obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset 1122(d)(4)(vi) documents. X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Loss mitigation or recovery actions (e.e.g., forbearance X plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the 1122(d)(4)(vii) transaction agreements. ----------------- -------------------------------------------------------- --------- -------- Records documenting collection efforts are maintained X during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary 1122(d)(4)(viii) (e.g., illness or unemployment). ----------------- -------------------------------------------------------- --------- -------- Adjustments to interest rates or rates of return for X mortgage loans with variable rates are computed based 1122(d)(4)(ix) on the related mortgage loan documents. ----------------- -------------------------------------------------------- --------- -------- Regarding any funds held in trust for an obligor (such X as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of 1122(d)(4)(x) days specified in the transaction agreements. ----------------- -------------------------------------------------------- --------- -------- Payments made on behalf of an obligor (such as tax or X insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the 1122(d)(4)(xi) transaction agreements. ----------------- -------------------------------------------------------- --------- -------- Any late payment penalties in connection with any X payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error 1122(d)(4)(xii) or omission. ----------------- -------------------------------------------------------- --------- -------- Disbursements made on behalf of an obligor are posted X within two business days to the obligor's records maintained by the Servicer, or such other number of days 1122(d)(4)(xiii) specified in the transaction agreements. ----------------- -------------------------------------------------------- --------- -------- Delinquencies, charge-offs and uncollectible accounts X X are recognized and recorded in accordance with the 1122(d)(4)(xiv) transaction agreements. ----------------- -------------------------------------------------------- --------- -------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction 1122(d)(4)(xv) agreements. ----------------- -------------------------------------------------------- --------- -------- [BANK OF AMERICA, NATIONAL ASSOCIATION] [WELLS FARGO BANK, N.A.] Date: _________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2006-1)
Servicer. Amounts due to investors are X X X allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in the 1122(d)(3)(ii) transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ------------------ ---------------------------------- ------------ ------------- -------------- Disbursements made to an X X X investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the 1122(d)(3)(iii) transaction agreements. ----------------------------------------------------------------------------------------------------------------- ------------------ ---------------------------------- ------------ ------------- -------------- Amounts remitted to investors X X X per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) bank statements. ----------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ------------------ ---------------------------------- ------------ ------------- -------------- POOL ASSET ADMINISTRATION ------------------ ---------------------------------- ------------ ------------- -------------- Collateral or security on mortgage loans pool X X assets is maintained as required X 1122(d)(4)(i) by the transaction agreements or 1122(d)(4)(i) related mortgage loan pool asset documents. ----------------------------------------------------------------------------------------------------------------- Mortgage loan ------------------ ---------------------------------- ------------ ------------- -------------- Pool assets and related X X X documents are safeguarded as 1122(d)(4)(ii) required by the transaction 1122(d)(4)(ii) agreements X ----------------------------------------------------------------------------------------------------------------- ------------------ ---------------------------------- ------------ ------------- -------------- Any additions, removals or X X X substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in 1122(d)(4)(iii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ------------------ ---------------------------------- ------------ ------------- -------------- Payments on mortgage loanspool assets, X X including any payoffs, made in accordance with the related mortgage loan pool asset documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X pool 1122(d)(4)(iv) loan asset documents. ----------------------------------------------------------------------------------------------------------------- ------------------ ---------------------------------- ------------ ------------- -------------- The Servicer's records regarding X X the mortgage loans pool assets agree with the Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ------------------ ---------------------------------- ------------ ------------- -------------- Changes with respect to the X X terms or status of an obligor's mortgage loans pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool 1122(d)(4)(vi) asset documents. X ----------------------------------------------------------------------------------------------------------------- ------------------ ---------------------------------- ------------ ------------- -------------- Loss mitigation or recovery X X actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction 1122(d)(4)(vii) agreements. ------------------ ---------------------------------- ------------ ------------- -------------- Records documenting collection X X efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or 1122(d)(4)(viii) unemployment). ------------------ ---------------------------------- ------------ ------------- -------------- Adjustments to interest rates or X X rates of return for pool assets with variable rates are computed based on the related pool asset 1122(d)(4)(ix) documents. ------------------ ---------------------------------- ------------ ------------- -------------- Regarding any funds held in X X trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the 1122(d)(4)(x) transaction agreements. ------------------ ---------------------------------- ------------ ------------- -------------- Payments made on behalf of an X X obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the 1122(d)(4)(xi) transaction agreements. ------------------ ---------------------------------- ------------ ------------- -------------- Any late payment penalties in X X connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error 1122(d)(4)(xii) or omission. ------------------ ---------------------------------- ------------ ------------- -------------- Disbursements made on behalf of X X an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the 1122(d)(4)(xiii) transaction agreements. ------------------ ---------------------------------- ------------ ------------- -------------- Delinquencies, charge-offs and X X uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. ------------------ ---------------------------------- ------------ ------------- -------------- Any external enhancement or [X] other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the 1122(d)(4)(xv) transaction agreements. ------------------ ---------------------------------- ------------ ------------- -------------- EXHIBIT P FORM 10-D, FORM 8-K AND FORM 10-K REPORTING RESPONSIBILITY As to each item described below, the entity indicated as the Responsible Party shall be responsible for reporting the information to the Trustee pursuant to Section 8.17(a)(iv):
Appears in 1 contract
Samples: Pooling and Servicing Agreement (PHH Mortgage Capital LLC)
Servicer. Amounts due to investors are allocated and remitted in accordance Securities with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in Administrator/Servicer/Master 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Servicer -------------------- --------------------------------------------------------------------- -------------------------------- Disbursements made to an investor are posted within two business Securities days to the Servicer's investor records, or such other number of X Administrator/Servicer/Master 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Servicer -------------------- --------------------------------------------------------------------- -------------------------------- Amounts remitted to investors per the investor reports agree with Securities cancelled checks, or other form of payment, or custodial bank X Administrator/Servicer/Master 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Servicer -------------------- --------------------------------------------------------------------- -------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- -------------------------------- Collateral or security on mortgage loans is maintained as required X Custodian/ Securities 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- Administrator/Servicer -------------------- --------------------------------------------------------------------- -------------------------------- Mortgage loan and related documents are safeguarded as required by Custodian/Securities 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- Administrator/Servicer -------------------- --------------------------------------------------------------------- -------------------------------- Any additions, removals or substitutions to the asset pool are Servicer/Securities made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Administrator -------------------- --------------------------------------------------------------------- -------------------------------- Payments on mortgage loans, including any payoffs, made in Servicer accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- -------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- -------------------------------- Changes with respect to the terms or status of an obligor's Servicer mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- -------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, Servicer modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. -------------------- --------------------------------------------------------------------- -------------------------------- Records documenting collection efforts are maintained during the Servicer period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). -------------------- --------------------------------------------------------------------- -------------------------------- Adjustments to interest rates or rates of return for mortgage loans Servicer with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. -------------------- --------------------------------------------------------------------- -------------------------------- Regarding any funds held in trust for an obligor (such as escrow Servicer accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. -------------------- --------------------------------------------------------------------- -------------------------------- Payments made on behalf of an obligor (such as tax or insurance Servicer payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. -------------------- --------------------------------------------------------------------- -------------------------------- Any late payment penalties in connection with any payment to be Servicer made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. -------------------- --------------------------------------------------------------------- -------------------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction 1122(d)(4)(xiii) agreements. Servicer -------------------- --------------------------------------------------------------------- -------------------------------- Delinquencies, charge-offs and uncollectible accounts are Servicer recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. -------------------- --------------------------------------------------------------------- -------------------------------- Any external enhancement or other support, identified in Item Securities Administrator 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained 1122(d)(4)(xv) as set forth in the transaction agreements. -------------------- --------------------------------------------------------------------- -------------------------------- EXHIBIT U ADDITIONAL FORM 10-D DISCLOSURE
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GSAMP Trust 2006-He5)
Servicer. Amounts due to investors are allocated and remitted in accordance X with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- X ----------------------- ----------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related X 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------------- Mortgage loan and related documents are safeguarded as required by X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------------- Any additions, removals or substitutions to the asset pool are X made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------------- Payments on mortgage loans, including any payoffs, made in X accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------------- The Servicer's records regarding the mortgage loans agree with the X Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------------- Changes with respect to the terms or status of an obligor's X mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, X modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. ----------------------- ----------------------- Records documenting collection efforts are maintained during the X period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). ----------------------- ----------------------- Adjustments to interest rates or rates of return for mortgage loans X with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. --------------------------------------------------------------------------------------------------------------------- Exh 17-2 --------------------------------------------------------------------------------------------------------------------- Applicable Servicing Servicing Criteria Criteria --------------------------------------------------------------------------------------------------------------------- Reference Criteria --------------------------------------------------------------------------------------------------------------------- ----------------------- ----------------------- Regarding any funds held in trust for an obligor (such as escrow X accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. ----------------------- ----------------------- Payments made on behalf of an obligor (such as tax or insurance X payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. ----------------------- ----------------------- Any late payment penalties in connection with any payment to be X made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. ----------------------- ----------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days 1122(d)(4)(xiii) specified in the transaction agreements. X ----------------------- ----------------------- Delinquencies, charge-offs and uncollectible accounts are X recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. ----------------------- ----------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation 1122(d)(4)(xv) AB, is maintained as set forth in the transaction agreements. ----------------------- ----------------------- --------------------------------------------------------------------------------------------------------------------- [SERVICER] [NAME OF SUBSERVICER] Date: _________________________ By:________________________________ Name: Title: Exh 17-3 EXHIBIT 18 ---------- Foreclosure Rights
Appears in 1 contract
Samples: Master Mortgage Loan Purchase and Servicing Agreement (Luminent Mortgage Trust 2006-7)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- POOL ASSET ADMINISTRATION -------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X [X] 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Mortgage loan and related documents are safeguarded as required by [X] 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- ---------------------------------------------------------------------------------------------------------------- APPLICABLE SERVICING SERVICING CRITERIA CRITERIA ---------------------------------------------------------------------------------------------------------------- REFERENCE CRITERIA ---------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or [X] 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. -------------------- ---------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). -------------------- ---------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. -------------------- ---------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. -------------------- ---------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. -------------------- ---------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. -------------------- ---------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction 1122(d)(4)(xiii) agreements. -------------------- ---------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. -------------------- ---------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained 1122(d)(4)(xv) as set forth in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- CHF ---------------------------------------------------------------------------------------------------------------- APPLICABLE SERVICING SERVICING CRITERIA CRITERIA ---------------------------------------------------------------------------------------------------------------- REFERENCE CRITERIA ---------------------------------------------------------------------------------------------------------------- GENERAL SERVICING CONSIDERATIONS
Appears in 1 contract
Samples: Mortgage Loan Purchase, Warranties and Servicing Agreement (Banc of America Funding 2006-6 Trust)
Servicer. Amounts due to investors are allocated and remitted in accordance X X with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Collateral or security on mortgage loans is maintained as required X X X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Mortgage loan and related documents are safeguarded as required by X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Any additions, removals or substitutions to the asset pool are X X made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Payments on mortgage loans, including any payoffs, made in X accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- The Servicer's records regarding the mortgage loans agree with the X Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Changes with respect to the terms or status of an obligor's X X mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Loss mitigation or recovery actions (e.e.g., forbearance plans, X X modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Records documenting collection efforts are maintained during the X period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Adjustments to interest rates or rates of return for mortgage loans X with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Regarding any funds held in trust for an obligor (such as escrow X accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Payments made on behalf of an obligor (such as tax or insurance X payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Any late payment penalties in connection with any payment to be X made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of days 1122(d)(4)(xiii) specified in the transaction agreements. X ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Delinquencies, charge-offs and uncollectible accounts are X X recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Any external enhancement or other support, identified in X(2) Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, 1122(d)(4)(xv) is maintained as set forth in the transaction agreements. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- [_______________________] Date: _______________________ By:_____________________________ Name: Title:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar3 Trust)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Trustee ---------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's Servicer`s investor records, or such other number of X 1122(d)(3)(iii) days specified in the Trustee 1122(d)(3)(iii) transaction agreements. ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, Trustee 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Collateral or security on mortgage loans pool assets is maintained as required X 1122(d)(4)(i) by the transaction agreements or related 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- Custodian ---------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as Custodian 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- Trustee ---------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's Servicer`s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance N/A 1122(d)(4)(iv) with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- The Servicer's Servicer`s records regarding the mortgage loans agree with the Servicer's Servicer`s records with respect to an obligor's 1122(d)(4)(v) obligor`s unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- N/A ---------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset N/A 1122(d)(4)(vi) documents. X ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by N/A 1122(d)(4)(vii) the transaction agreements. ---------------------------------------------------------------------------------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity`s activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling N/A plans in cases where delinquency is deemed temporary 1122(d)(4)(viii) (e.g., illness or unemployment). ---------------------------------------------------------------------------------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based 1122(d)(4)(ix) on the related mortgage loan documents. N/A ---------------------------------------------------------------------------------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor`s mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of N/A the related mortgage loans, or such other number of 1122(d)(4)(x) days specified in the transaction agreements. ---------------------------------------------------------------------------------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the N/A 1122(d)(4)(xi) transaction agreements. ---------------------------------------------------------------------------------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer`s funds and not charged to the obligor, unless the late payment was due to the N/A 1122(d)(4)(xii) obligor`s error or omission. ---------------------------------------------------------------------------------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor`s records maintained by the servicer, or such other number of N/A 1122(d)(4)(xiii) days specified in the transaction agreements. ---------------------------------------------------------------------------------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the 1122(d)(4)(xiv)
Appears in 1 contract
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other X 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or X such other number of X 1122(d)(3)(iii) days specified in the transaction 1122(d)(3)(iii) agreements. ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, X 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related X 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with X any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such X other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the 1122(d)(4)(iv) related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an X 1122(d)(4)(v) obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized X personnel in accordance with the transaction 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are X initiated, conducted and concluded in accordance with the timeframes or other requirements established by 1122(d)(4)(vii) the transaction agreements. ----------------- -------------------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such X other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary 1122(d)(4)(viii) (e.g., illness or unemployment). ------------------------------------------------------------------------------------------------------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on X 1122(d)(4)(ix) the related mortgage loan documents. -------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-1xs)
Servicer. Amounts due to investors are allocated and remitted in accordance X with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or 1122(d)(3)(iv) custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- X -------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Mortgage loan and related documents are safeguarded as required by X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Any additions, removals or substitutions to the asset pool are X made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in X accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the X Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Changes with respect to the terms or status of an obligor's X mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, X modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. -------------------- ---------------------- Records documenting collection efforts are maintained during the X period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). -------------------- ---------------------- Adjustments to interest rates or rates of return for mortgage loans X with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. -------------------- ---------------------- ------------------------------------------------------------------------------------------ ---------------------- APPLICABLE SERVICING SERVICING CRITERIA CRITERIA ------------------------------------------------------------------------------------------ ---------------------- Reference Criteria -------------------- --------------------------------------------------------------------- ---------------------- Regarding any funds held in trust for an obligor (such as escrow X accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. -------------------- ---------------------- Payments made on behalf of an obligor (such as tax or insurance X payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. -------------------- ---------------------- Any late payment penalties in connection with any payment to be X made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. -------------------- ---------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction X 1122(d)(4)(xiii) agreements. -------------------- ---------------------- Delinquencies, charge-offs and uncollectible accounts are X recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. -------------------- ---------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation 1122(d)(4)(xv) AB, is maintained as set forth in the transaction agreements. -------------------- --------------------------------------------------------------------- ---------------------- [Servicer] Date: _________________________ By: Name: ________________________________ Title: ________________________________ EXHIBIT 4 Exhibit 13 to the Servicing Agreement ------------------------------------- EXHIBIT 13 FORM OF ANNUAL CERTIFICATION Re: The [ ] agreement dated as of [ l, 200[ ] (the "Agreement"), among [IDENTIFY PARTIES] I, ____________________________, the _______________________ of [NAME OF COMPANY] (the "Company"), certify to [the Purchaser], [the Depositor], and the [Master Servicer] [Securities Administrator] [Trustee], and their officers, with the knowledge and intent that they will rely upon this certification, that
Appears in 1 contract
Samples: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-10)
Servicer. Amounts due to investors are allocated and remitted in accordance X X with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth 1122(d)(3)(ii) in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Disbursements made to an investor are posted within two business X X days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Amounts remitted to investors per the investor reports agree with X X cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Collateral or security on mortgage loans is maintained as X X X required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan 1122(d)(4)(i) documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Mortgage loan and related documents are safeguarded as required X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Any additions, removals or substitutions to the asset pool are X X X made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Payments on mortgage loans, including any payoffs, made in X accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance 1122(d)(4)(iv) with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ The Servicer's records regarding the mortgage loans agree with X the Servicer's records with respect to an obligor's unpaid 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Changes with respect to the terms or status of an obligor's X X mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Loss mitigation or recovery actions (e.e.g., forbearance plans, X X modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------------ Records documenting collection efforts are maintained during the X period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). ------------------------------------------------------------------------------------------------------------------------------------ Adjustments to interest rates or rates of return for mortgage X loans with variable rates are computed based on the related 1122(d)(4)(ix) mortgage loan documents. ------------------------------------------------------------------------------------------------------------------------------------ Regarding any funds held in trust for an obligor (such as escrow X accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or 1122(d)(4)(x) such other number of days specified in the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------------ Payments made on behalf of an obligor (such as tax or insurance X payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------------ Any late payment penalties in connection with any payment to be X made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due 1122(d)(4)(xii) to the obligor's error or omission. ------------------------------------------------------------------------------------------------------------------------------------ Disbursements made on behalf of an obligor are posted within two X business days to the obligor's records maintained by the Servicer, or such other number of days specified in the 1122(d)(4)(xiii) transaction agreements. ------------------------------------------------------------------------------------------------------------------------------------ Delinquencies, charge-offs and uncollectible accounts are X X recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. ------------------------------------------------------------------------------------------------------------------------------------ Any external enhancement or other support, identified in Item X(3) 1114(a)(1) through (3) or Item 1115 of Regulation AB, is 1122(d)(4)(xv) maintained as set forth in the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------------ [_______________________] Date:_________________________ By:_____________________________ Name: Title:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-1 Trust)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth 1122(d)(3)(ii) in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ----------------------- -------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, 1122(d)(3)(iii) or such other number of X 1122(d)(3)(iii) days specified in the transaction ----------------------- -------------------- -------------------------------------------------------------------------------------------------------------------- APPLICABLE SERVICING SERVICING CRITERIA CRITERIA -------------------------------------------------------------------------------------------------------------------- Reference Criteria -------------------------------------------------------------------------------------------------------------------- agreements. ----------------------------------------------------------------------------------------------------------------- ----------------------- -------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ----------------------- -------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ----------------------- -------------------- Collateral or security on mortgage loans is maintained as X required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan 1122(d)(4)(i) documents. ----------------------------------------------------------------------------------------------------------------- ----------------------- -------------------- Mortgage loan and related documents are safeguarded as required by X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ----------------------- -------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ----------------------- -------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance 1122(d)(4)(iv) with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ----------------------- -------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an 1122(d)(4)(v) obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ----------------------- -------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ----------------------- -------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by 1122(d)(4)(vii) the transaction agreements. ----------------------- -------------------- -------------------------------------------------------------------------------------------------------------------- APPLICABLE SERVICING SERVICING CRITERIA CRITERIA -------------------------------------------------------------------------------------------------------------------- Reference Criteria -------------------------------------------------------------------------------------------------------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). ----------------------- -------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related 1122(d)(4)(ix) mortgage loan documents. ----------------------- -------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of 1122(d)(4)(x) days specified in the transaction agreements. ----------------------- -------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. ----------------------- -------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. ----------------------- -------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of 1122(d)(4)(xiii) days specified in the transaction agreements. ----------------------- -------------------- 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts ----------------------- -------------------- -------------------------------------------------------------------------------------------------------------------- APPLICABLE SERVICING SERVICING CRITERIA CRITERIA -------------------------------------------------------------------------------------------------------------------- Reference Criteria -------------------------------------------------------------------------------------------------------------------- are recognized and recorded in accordance with the transaction agreements. ----------------------- -------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the 1122(d)(4)(xv) transaction agreements. -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- SCHEDULE 1-A LIST OF DOCUMENTS FOR COUNTRYWIDE With respect to each Mortgage Loan, the Mortgage Loan Documents shall consist of the following:
Appears in 1 contract
Samples: Custodial Agreement (Morgan Stanley Mortgage Loan Trust 2006-1ar)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Servicer/Trustee ------------------------------------------------------------------------------------------------------------------ Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X Servicer/Trustee 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X Servicer/Trustee 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Collateral or security on mortgage loans is maintained as required X Servicer/Trustee 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Mortgage loan and related documents are safeguarded as required by Trustee 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Trustee/Servicer ------------------------------------------------------------------------------------------------------------------ Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X Servicer 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Servicer ------------------------------------------------------------------------------------------------------------------ Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Servicer ------------------------------------------------------------------------------------------------------------------ Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements Servicer 1122(d)(4)(vii) established by the transaction agreements. ------------------------------------------------------------------------------------------------------------------ Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency Servicer 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). ------------------------------------------------------------------------------------------------------------------ Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. Servicer ------------------------------------------------------------------------------------------------------------------ Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar Servicer days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. ------------------------------------------------------------------------------------------------------------------ Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such Servicer 1122(d)(4)(xi) other number of days specified in the transaction agreements. ------------------------------------------------------------------------------------------------------------------ Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. Servicer ------------------------------------------------------------------------------------------------------------------ Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction Servicer 1122(d)(4)(xiii) agreements. ------------------------------------------------------------------------------------------------------------------ Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. Servicer ------------------------------------------------------------------------------------------------------------------ Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained Trustee 1122(d)(4)(xv) as set forth in the transaction agreements. ------------------------------------------------------------------------------------------------------------------ EXHIBIT U ADDITIONAL FORM 10-D DISCLOSURE -------------------------------------------------------------------------------- Item on Form 10-D Party Responsible -------------------------------------------------------------------------------- Item 1: Distribution and Pool Servicer/Trustee Performance Information
Appears in 1 contract
Samples: Pooling and Servicing Agreement (FFMLT Trust 2006-Ff4)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth 1122(d)(3)(ii) in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- REG AB SERVICING CRITERIA APPLICABLE INAPPLICABLE REFERENCE SERVICING CRITERIA SERVICING CRITERIA ----------------------------------------------------------------------------------------------------------------------------------- POOL ASSET ADMINISTRATION ----------------------------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan 1122(d)(4)(i) documents. ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as required 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance 1122(d)(4)(iv) with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. ----------------------------------------------------------------------------------------------------------------------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). ----------------------------------------------------------------------------------------------------------------------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related 1122(d)(4)(ix) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction 1122(d)(4)(x) agreements. ----------------------------------------------------------------------------------------------------------------------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due 1122(d)(4)(xii) to the obligor's error or omission. ----------------------------------------------------------------------------------------------------------------------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the 1122(d)(4)(xiii) transaction agreements. ----------------------------------------------------------------------------------------------------------------------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. ----------------------------------------------------------------------------------------------------------------------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is 1122(d)(4)(xv) maintained as set forth in the transaction agreements. ----------------------------------------------------------------------------------------------------------------------------------- EXHIBIT I SARBANES CERTIFICATION Re: The [ ] agreement dated as of [ ], 200[ ] (the "Agreement"), among [IDENTIFY PARTIES] I, ________________________________, the _______________________ of [Name of Servicer] (the "Servicer"), certify to [the Purchaser], [the Depositor], and the [Master Servicer] [Securities Administrator] [Trustee], and their officers, with the knowledge and intent that they will rely upon this certification, that:
Appears in 1 contract
Samples: Master Seller's Warranties and Servicing Agreement (Banc of America Funding 2006-2 Trust)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Mortgage loan and related documents are safeguarded as required by 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- agreements. --------------------- ---------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) any conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the W-3 ------------------------------------------------------------------------------------------ ---------------------- Servicing Criteria Applicable Servicing Criteria ------------------------------------------------------------------------------------------ ---------------------- Reference Criteria --------------------- -------------------------------------------------------------------- ---------------------- Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance 1122(d)(4)(iv) with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an 1122(d)(4)(v) obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements 1122(d)(4)(vi) and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by 1122(d)(4)(vii) the transaction agreements. --------------------- ---------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness 1122(d)(4)(viii) or unemployment). --------------------- ---------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on 1122(d)(4)(ix) the related mortgage loan documents. --------------------- ---------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's ------------------------------------------------------------------------------------------ ---------------------- Servicing Criteria Applicable Servicing Criteria ------------------------------------------------------------------------------------------ ---------------------- Reference Criteria --------------------- -------------------------------------------------------------------- ---------------------- mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days 1122(d)(4)(x) specified in the transaction agreements. --------------------- ---------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. --------------------- ---------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's 1122(d)(4)(xii) error or omission. --------------------- ---------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days 1122(d)(4)(xiii) specified in the transaction agreements. --------------------- ---------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. --------------------- ---------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction 1122(d)(4)(xv) agreements. --------------------- ---------------------- -------------------------------------------------------------------- --------------------- -------------------------------------------------------------------- ---------------------- [NAME OF MASTER SERVICER] [NAME OF TRUSTEE] [NAME OF CO-TRUSTEE] [NAME OF SUBSERVICER] Date: _________________________ By: ________________________________ Name: Title: EXHIBIT X [FORM OF] LIST OF ITEM 1119 PARTIES ALTERNATIVE LOAN TRUST 200_-__ MORTGAGE PASS-THROUGH CERTIFICATES, Series 200_-__ [Date] ---------------------------------------- ----------------------------------------------------------------------------- Party Contact Information ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- -----------------------------------------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-41cb)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Mortgage loan and related documents are safeguarded as required by X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. -------------------- ---------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). -------------------- ---------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. -------------------- ----------------------
Appears in 1 contract
Samples: Custodial Agreement (Morgan Stanley Mortgage Loan Trust 2006-6ar)
Servicer. Amounts due to investors are allocated and remitted in accordance X X with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Disbursements made to an investor are posted within two business X X days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Amounts remitted to investors per the investor reports agree with X X cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Collateral or security on mortgage loans is maintained as required X X X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Mortgage loan and related documents are safeguarded as required by X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- agreements. ------------------------------------------------------------------------------------------------------------------------------ Any additions, removals or substitutions to the asset pool are X X X made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Payments on mortgage loans, including any payoffs, made in X accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ The Servicer's records regarding the mortgage loans agree with the X Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Changes with respect to the terms or status of an obligor's X X mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Loss mitigation or recovery actions (e.e.g., forbearance plans, X X modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------ Records documenting collection efforts are maintained during the X period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). ------------------------------------------------------------------------------------------------------------------------------ Adjustments to interest rates or rates of return for mortgage loans X with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. ------------------------------------------------------------------------------------------------------------------------------ Regarding any funds held in trust for an obligor (such as escrow X accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------ Payments made on behalf of an obligor (such as tax or insurance X payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------ Any late payment penalties in connection with any payment to be X made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. ------------------------------------------------------------------------------------------------------------------------------ Disbursements made on behalf of an obligor are posted within two X business days to the obligor's records maintained by the Servicer, or such other number of days specified in the transaction 1122(d)(4)(xiii) agreements. ------------------------------------------------------------------------------------------------------------------------------ Delinquencies, charge-offs and uncollectible accounts are X X recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. ------------------------------------------------------------------------------------------------------------------------------ Any external enhancement or other support, identified in Item X(3) 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained 1122(d)(4)(xv) as set forth in the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------ [_______________________] Date: _________________________ By:_____________________________ Name: Title:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2008-Ar2 Trust)
Servicer. Amounts due By: -------------------------------------- Name: Title: Dated: __________________________________ SCHEDULE 3.2 G- FEE TABLE ------------------------------------------------------------------------------ Facility Debt Service Coverage Ratio G-Fee* ------------------------------------------------------------------------------ Greater than or equal to investors are allocated 1.50 : 1.00 but less than 1.60 : .0086 1.00 ------------------------------------------------------------------------------ Greater than or equal to 1.60 : 1.00 but less than 1.90 : .0074 1.00 ------------------------------------------------------------------------------ Greater than or equal to 1.90 : 1.00 but less than 2.25 : .0060 1.00 ------------------------------------------------------------------------------ Greater than or equal to 2.25 : 1.00 .0053 ------------------------------------------------------------------------------ * The G-Fee shall be increased by four basis points (.0004) for any Base Rate Borrowing Tranches having 180 or 360 day Interest Periods. [BORROWER MAY, SUBJECT TO LENDER'S CONSENT, REVISE THIS FORM OF RENEWAL REQUEST TO PROVIDE FOR THE RENEWAL OF MULTIPLE BORROWING TRANCHES UNDER A SINGLE RENEWAL REQUEST FORM OR TO PROVIDE FOR THE SPLITTING OF A MATURING BORROWING TRANCHE INTO MULTIPLE BORROWING TRANCHES UNDER A SINGLE RENEWAL REQUEST FORM] SCHEDULE 3.3.3 RENEWAL REQUEST ______________, 20__ [Lender's Name and remitted in accordance with timeframesAddress] Attention: Ladies and Gentlemen: Reference is made to the Credit Agreement dated as of ___________, distribution priority 20__, as amended (the "Credit Agreement") by and other 1122(d)(3)(ii) among _______________________ (collectively, "Borrower"), and ____________________, a _______________________ ("Lender"). Unless otherwise defined herein, terms set forth defined in the transaction agreementsCredit Agreement are used herein with the same meanings. X ----------------------------------------------------------------------------------------------------------------- Disbursements made I, __________________, the _______________ of Borrower, a __________________________, do hereby certify on behalf of Borrower as of the date hereof, as follows: _____Borrower hereby requests Lender to an investor are posted within two business days to renew the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified Borrowing Tranche in the transaction agreementsamount of $______________, whose Interest Period will mature on ___________, ____. ----------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checksor _____ Borrower, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted provisions of the Credit Agreement, will repay $___________ of the outstanding principal amount of the Borrowing Tranche originally funded in the amount of $____________, whose Interest Period will mature on ________, ____, prior to such maturity date, and hereby requests Lender to renew such Borrowing Tranche in the amount of the remaining principal balance of such Borrowing Tranche, the remaining principal balance being equal to $___________. or _____ Borrower hereby requests Lender to convert $_______________ of the Prime rate Borrowing Tranche into a Base Rate Borrowing Tranche. or Borrower hereby requests Lender to convert $___________ of the Base Rate Borrowing Tranche in the amount of $______________, whose Interest Period will mature on ________________, to the Servicer's obligor records maintained no Prime Rate Borrowing Tranche [and to renew the remainder of said Borrowing Tranche as a separate Borrowing Tranche]. or _____ Borrower hereby requests Lender to combine two (2) or more than two business days after receiptBorrowing Tranches pursuant to the provisions of the Credit Agreement into a single Borrowing Tranche, or such other number of days specified specifically Borrower hereby requests that Lender combine the Borrowing Tranche in the transaction agreementsamount of $______________, and allocated to principalwhose Interest Period will mature on ___________, interest or other items (e.g., escrow) in accordance ____ with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- The Servicer's records regarding Borrowing Tranche in the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status amount of an obligor's mortgage loans (e.g.$______________, loan modifications or re-agings) are madewhose Interest Period will mature on ___________, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.____ [add descriptions of additional Borrowing Tranches as necessary.
Appears in 1 contract
Samples: Credit Agreement (Summit Properties Partnership L P)
Servicer. Amounts due to investors are allocated and remitted in X X accordance with timeframes, distribution priority and other 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the X X 1122(d)(3)(iii) transaction agreements. ----------------------------------------------------------------------------------------------------------------- ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, X X 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Collateral or security on mortgage loans is maintained X X X as required X 1122(d)(4)(i) by the transaction agreements or related 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Mortgage loan and related documents are safeguarded as X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Any additions, removals or substitutions to the asset X X X pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Payments on mortgage loans, including any payoffs, X made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance 1122(d)(4)(iv) with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- The Servicer's records regarding the mortgage loans X agree with the Servicer's records with respect to an 1122(d)(4)(v) obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Changes with respect to the terms or status of an X X obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset 1122(d)(4)(vi) documents. X ----------------------------------------------------------------------------------------------------------------- ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Loss mitigation or recovery actions (e.e.g., forbearance X X plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by 1122(d)(4)(vii) the transaction agreements. ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Records documenting collection efforts are maintained X during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary 1122(d)(4)(viii) (e.g., illness or unemployment). ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Adjustments to interest rates or rates of return for X mortgage loans with variable rates are computed based 1122(d)(4)(ix) on the related mortgage loan documents. ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Regarding any funds held in trust for an obligor (such X as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of 1122(d)(4)(x) days specified in the transaction agreements. ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Payments made on behalf of an obligor (such as tax or X insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the 1122(d)(4)(xi) transaction agreements. ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Any late payment penalties in connection with any X payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of X 1122(d)(4)(xiii) days specified in the transaction agreements. ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Delinquencies, charge-offs and uncollectible accounts X X are recognized and recorded in accordance with the 1122(d)(4)(xiv) transaction agreements. ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the X(3) 1122(d)(4)(xv) transaction agreements. ------------------- -------------------------------------------------------- --------- --------- ---------- ----------- [_______________________] Date: _________________________ By: ---------------------------------- Name: Title:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2008 -1 Trust)
Servicer. Applicable Servicing Servicing Criteria Criteria ------------------------------------------------------------------------------------------------------------------------ Reference Criteria ------------------------------------------------------------------------------------------------------------------------ Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in the 1122(d)(3)(ii) transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------------- ------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X days 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ---------------------- ------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ---------------------- ------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ---------------------- ------------------------- Collateral or security on mortgage loans is maintained as required X by 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------------- ------------------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the 1122(d)(4)(ii) transaction agreements X ----------------------------------------------------------------------------------------------------------------- agreements. ---------------------- ------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements 1122(d)(4)(iii) in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------------- ------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., 1122(d)(4)(iv) escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.---------------------- -------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2007-14t2)
Servicer. Amounts due to investors are allocated and remitted in accordance X with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or 1122(d)(3)(iv) custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- X -------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Collateral or security on mortgage loans is maintained as X required X 1122(d)(4)(i) by the transaction agreements or related 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Mortgage loan and related documents are safeguarded as required by X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Any additions, removals or substitutions to the asset pool are X made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in X accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the X Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Changes with respect to the terms or status of an obligor's X mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, X modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. -------------------- ---------------------- Records documenting collection efforts are maintained during the X period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). -------------------- --------------------------------------------------------------------- ---------------------- Adjustments to interest rates or rates of return for mortgage loans X with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. -------------------- --------------------------------------------------------------------- ----------------------
Appears in 1 contract
Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-17xs)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- X X -------------------- --------------------------------------------------------------------- ----------- ---------- Mortgage loan and related documents are safeguarded as required by X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with X 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements X 1122(d)(4)(vii) established by the transaction agreements. -------------------- --------------------------------------------------------------------- ----------- ---------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, X letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or 1122(d)(4)(viii) unemployment). -------------------- --------------------------------------------------------------------- ----------- ---------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. X -------------------- --------------------------------------------------------------------- ----------- ---------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar X days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. -------------------- --------------------------------------------------------------------- ----------- ---------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such X 1122(d)(4)(xi) other number of days specified in the transaction agreements. -------------------- --------------------------------------------------------------------- ----------- ---------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the X 1122(d)(4)(xii) obligor's error or omission. -------------------- --------------------------------------------------------------------- ----------- ---------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xiii) -------------------- --------------------------------------------------------------------- ----------- ---------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. X X -------------------- --------------------------------------------------------------------- ----------- ---------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, 1122(d)(4)(xv) is maintained as set forth in the transaction agreements. X X -------------------- --------------------------------------------------------------------- ----------- ---------- [SERVICER] [WELLS FARGO BANK, N.A.] Date: By: ________________________________ Name: ________________________________ Title: ________________________________ EXHIBIT R-1 ADDITIONAL FORM 10-D INFORMATION ----------------------------------------------------------- ---------------------------------------------------------- Item on Form 10-D Party Responsible ----------------------------------------------------------- ----------------------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Funding Corp)
Servicer. Paying Agent ------------------------------------------------------------------------------------------------------------------------ Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in the 1122(d)(3)(ii) transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Paying Agent ------------------------------------------------------------------------------------------------------------------------ Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X days 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Paying Agent ------------------------------------------------------------------------------------------------------------------------ Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- Paying Agent ------------------------------------------------------------------------------------------------------------------------ POOL ASSET ADMINISTRATION ------------------------------------------------------------------------------------------------------------------------ Trustee Master Servicer Collateral or security on mortgage loans is maintained as required X by Special Servicer 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- Primary Servicer ------------------------------------------------------------------------------------------------------------------------ Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the 1122(d)(4)(ii) transaction agreements X ----------------------------------------------------------------------------------------------------------------- agreements. Trustee ------------------------------------------------------------------------------------------------------------------------ Custodian Any additions, removals or substitutions to the asset pool are made, Master Servicer reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements Special Servicer 1122(d)(4)(iii) in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Primary Servicer ------------------------------------------------------------------------------------------------------------------------ Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., Master Servicer 1122(d)(4)(iv) escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- Primary Servicer ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------- RELEVANT SERVICING CRITERIA APPLICABLE PARTY(IES) ------------------------------------------------------------------------------------------------------------------------- REFERENCE CRITERIA ------------------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Master Servicer 1122(d)(4)(v) Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Primary Servicer ------------------------------------------------------------------------------------------------------------------------ Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and Master Servicer approved by authorized personnel in accordance with the transaction Special Servicer 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Primary Servicer ------------------------------------------------------------------------------------------------------------------------ Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the Master Servicer 1122(d)(4)(vii) transaction agreements. Special Servicer ------------------------------------------------------------------------------------------------------------------------ Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling Master Servicer plans in cases where delinquency is deemed temporary (e.g., illness or Special Servicer 1122(d)(4)(viii) unemployment). Primary Servicer ------------------------------------------------------------------------------------------------------------------------ Adjustments to interest rates or rates of return for mortgage loans with Master Servicer 1122(d)(4)(ix) variable rates are computed based on the related mortgage loan documents. Primary Servicer ------------------------------------------------------------------------------------------------------------------------ Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the Master Servicer 1122(d)(4)(x) transaction agreements. Primary Servicer ------------------------------------------------------------------------------------------------------------------------ Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days Master Servicer 1122(d)(4)(xi) specified in the transaction agreements. Primary Servicer ------------------------------------------------------------------------------------------------------------------------ Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error Master Servicer 1122(d)(4)(xii) or omission. Primary Servicer ------------------------------------------------------------------------------------------------------------------------ Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or Master Servicer 1122(d)(4)(xiii) such other number of days specified in the transaction agreements. Primary Servicer ------------------------------------------------------------------------------------------------------------------------ Delinquencies, charge-offs and uncollectible accounts are recognized and Master Servicer 1122(d)(4)(xiv) recorded in accordance with the transaction agreements. Primary Servicer ------------------------------------------------------------------------------------------------------------------------ Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in 1122(d)(4)(xv) the transaction agreements. N/A ------------------------------------------------------------------------------------------------------------------------ SCHEDULE XV Additional Form 10-D Disclosure The parties identified in the "Party Responsible" column are obligated pursuant to Section 13.4 of the Pooling and Servicing Agreement to disclose to the Depositor and the Paying Agent any information described in the corresponding Form 10-D Item described in the "Item on Form 10-D" column to the extent such party has actual knowledge (and in the case of financial statements required to be provided in connection with Item 6 below, possession) of such information (other than information as to itself). Each of the Paying Agent, the Trustee, the Master Servicer, any Primary Servicer and the Special Servicer (in its capacity as such) shall be entitled to rely on the accuracy of the Prospectus Supplement (other than information with respect to itself that is set forth in or omitted from the Prospectus Supplement), in the absence of specific notice to the contrary from the Depositor or Seller. Each of the Paying Agent, the Trustee, the Master Servicer, any Primary Servicer and the Special Servicer (in its capacity as such) shall be entitled to assume that there is no "significant obligor" other than a party identified as such in the Prospectus Supplement. For this Series 2006-HQ10 Pooling and Servicing Agreement, each of the Paying Agent, the Trustee, the Master Servicer, any Primary Servicer and the Special Servicer (in its capacity as such) shall be entitled to assume that there is no provider of credit enhancement, liquidity or derivative instruments within the meaning of Items 1114 or 1115 of Regulation AB other than a party identified as such in the Prospectus Supplement. ------------------------------------------------------------------------------------------------------------------------- ITEM ON FORM 10-D PARTY RESPONSIBLE ------------------------------------------------------------------------------------------------------------------------- Item 1A: Distribution and Pool Performance Information: o Master Servicer o Item 1121(a)(13) of Regulation AB o Paying Agent/Trustee ------------------------------------------------------------------------------------------------------------------------- Item 1B: Distribution and Pool Performance Information: o Paying Agent o Item 1121 (a)(14) of Regulation AB o Depositor ------------------------------------------------------------------------------------------------------------------------- Item 2: Legal Proceedings: o Master Servicer (as to itself) o Item 1117 of Regulation AB (to the extent o Special Servicer (as to itself) material to certificate holders) o Paying Agent (as to itself) o Trustee (as to itself) o Depositor (as to itself) o Primary Servicer (as to itself) o Any other Reporting Servicer (as to itself) o Trustee/Paying Agent/Master Servicer/Depositor/Special Servicer as to the Trust (in the case of the Master Servicer and the Special Servicer, to be reported by the party controlling such litigation pursuant to Section 9.35) o The Seller as sponsor (as defined in Regulation AB) o Originators under Item 1110 of Regulation AB o Party under Item 1100(d)(1) of Regulation AB ------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2006-Hq10)
Servicer. Amounts due to investors are allocated and remitted in X accordance with timeframes, distribution priority and other terms 1122(d)(3)(ii) terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two X business days to the Servicer's investor records, or such 1122(d)(3)(iii) other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports X agree with cancelled checks, or other form of payment, or 1122(d)(3)(iv) custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as X required X 1122(d)(4)(i) by the transaction agreements or related mortgage 1122(d)(4)(i) loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as X X(1) 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- agreements. --------------------------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool X are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in X X(2) accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in 1122(d)(4)(iv) accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree X with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's X mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized authorised personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool 1122(d)(4)(vi) asset documents. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, X modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other 1122(d)(4)(vii) requirements established by the transaction agreements. -------------------------------------------------------------------------------------------------------------------------------- ---------- -------------------------------------------------------------------------------------------------------------------------------- Servicing Criteria Applicable Performed Inapplicable Servicing by Servicing Criteria Vendor(s) Criteria -------------------------------------------------------------------------------------------------------------------------------- Reference Criteria --------------------------------------------------------------------------------------------------------------------------------- Records documenting collection efforts are maintained during X the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records arc maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness 1122(d)(4)(viii) or unemployment). -------------------------------------------------------------------------------------------------------------------------------- Adjustments to interest rates or rates of return for mortgage X loans with variable rates are computed based on the related 1122(d)(4)(ix) mortgage loan documents. -------------------------------------------------------------------------------------------------------------------------------- Regarding any funds held in trust for an obligor (such as X escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days 1122(d)(4)(x) specified in the transaction agreements. -------------------------------------------------------------------------------------------------------------------------------- Payments made on behalf of an obligor (such as tax or X insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other 1122(d)(4)(xi) number of days specified in the transaction agreements. -------------------------------------------------------------------------------------------------------------------------------- Any late payment penalties in connection with any payment X to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the 1122(d)(4)(xii) late payment was due to the obligor's error or omission. -------------------------------------------------------------------------------------------------------------------------------- Disbursements made on behalf of an obligor are posted X within two business days to the obligor's records maintained by the servicer, or such other number of days specified in 1122(d)(4)(xiii) the transaction agreements. -------------------------------------------------------------------------------------------------------------------------------- Delinquencies, charge-offs and uncollectible accounts are X recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. -------------------------------------------------------------------------------------------------------------------------------- Any external enhancement or other support, identified in Item X 1114(a)(1) through (3) or Item 1115 of Regulation AB, is 1122(d)(4)(xv) maintained as set forth in the transaction agreements. -------------------------------------------------------------------------------------------------------------------------------- ----------
Appears in 1 contract
Samples: Servicing Agreement (Citigroup HELOC Trust 2006-Ncb1)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or 1122(d)(3)(iv) custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- X ------------------------------------------------------------------------------------------------------------------ Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Mortgage loan and related documents are safeguarded as required by X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ Applicable Servicing Servicing Criteria Criteria ------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2007-1)
Servicer. Amounts due to investors are allocated and remitted in Securities accordance with timeframes, distribution priority and other Administrator/Servicer/Master 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Servicer ---------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within Securities two business days to the Servicer's investor records, Administrator/Servicer/Master or such other number of X 1122(d)(3)(iii) days specified in the Servicer 1122(d)(3)(iii) transaction agreements. ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports Securities agree with cancelled checks, or other form of payment, Administrator/Servicer/Master 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Servicer ---------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is Custodian/ Securities maintained as required X 1122(d)(4)(i) by the transaction agreements Administrator/Servicer 1122(d)(4)(i) or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as Custodian/Securities 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- Administrator/Servicer ---------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset Servicer/Securities pool are made, reviewed and approved in accordance Administrator with any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, Servicer made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance 1122(d)(4)(iv) with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans Servicer agree with the Servicer's records with respect to an 1122(d)(4)(v) obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an Servicer obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset 1122(d)(4)(vi) documents. X ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance Servicer plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by 1122(d)(4)(vii) the transaction agreements. ---------------------------------------------------------------------------------------------------------- Records documenting collection efforts are maintained Servicer during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary 1122(d)(4)(viii) (e.g., illness or unemployment). ---------------------------------------------------------------------------------------------------------- Adjustments to interest rates or rates of return for Servicer mortgage loans with variable rates are computed based 1122(d)(4)(ix) on the related mortgage loan documents. ---------------------------------------------------------------------------------------------------------- Regarding any funds held in trust for an obligor (such Servicer as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of 1122(d)(4)(x) days specified in the transaction agreements. ---------------------------------------------------------------------------------------------------------- Payments made on behalf of an obligor (such as tax or Servicer insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the 1122(d)(4)(xi) transaction agreements. ---------------------------------------------------------------------------------------------------------- Any late payment penalties in connection with any Servicer payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. ---------------------------------------------------------------------------------------------------------- Disbursements made on behalf of an obligor are posted Servicer within two business days to the obligor's records maintained by the servicer, or such other number of 1122(d)(4)(xiii) days specified in the transaction agreements. ---------------------------------------------------------------------------------------------------------- Delinquencies, charge-offs and uncollectible accounts Servicer are recognized and recorded in accordance with the 1122(d)(4)(xiv) transaction agreements. ---------------------------------------------------------------------------------------------------------- Any external enhancement or other support, identified Securities Administrator in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the 1122(d)(4)(xv) transaction agreements. ---------------------------------------------------------------------------------------------------------- EXHIBIT U ADDITIONAL FORM 10-D DISCLOSURE
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GSAMP Trust 2007-H1)
Servicer. Securities Amounts due to investors are allocated and remitted in Administrator/ accordance with timeframes, distribution priority and other Servicer/Master 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Servicer -------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within Securities two business days to the Servicer's investor records, Administrator/ or such other number of X 1122(d)(3)(iii) days specified in the Servicer/Master 1122(d)(3)(iii) transaction agreements. ----------------------------------------------------------------------------------------------------------------- Servicer -------------------------------------------------------------------------------------------------- Securities Amounts remitted to investors per the investor reports Administrator/ agree with cancelled checks, or other form of payment, Servicer/Master 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Servicer -------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements Custodian/ Securities 1122(d)(4)(i) or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- Administrator/Servicer -------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as Custodian/Securities 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- Administrator/Servicer -------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance Servicer/Securities with any 1122(d)(4)(iii) conditions or requirements in the transaction Administrator 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after Servicer receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance 1122(d)(4)(iv) with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an Servicer 1122(d)(4)(v) obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by Servicer authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset 1122(d)(4)(vi) documents. X ----------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GSAMP Trust 2006-He7)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- X ------------------------------------------------------------------------------------------------------------------------------------ Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Collateral or security on mortgage loans is maintained as required X X X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Mortgage loan and related documents are safeguarded as required by X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- X ------------------------------------------------------------------------------------------------------------------------------------ Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- X ------------------------------------------------------------------------------------------------------------------------------------ Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements X X 1122(d)(4)(vii) established by the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------------ Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency X 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). ------------------------------------------------------------------------------------------------------------------------------------ Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. X ------------------------------------------------------------------------------------------------------------------------------------ Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar X days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------------ Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such X 1122(d)(4)(xi) other number of days specified in the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------------ Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. X ------------------------------------------------------------------------------------------------------------------------------------ Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of days specified in the transaction X 1122(d)(4)(xiii) agreements. ------------------------------------------------------------------------------------------------------------------------------------ Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. X X ------------------------------------------------------------------------------------------------------------------------------------ Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained X(2) 1122(d)(4)(xv) as set forth in the transaction agreements. ------------------------------------------------------------------------------------------------------------------------------------ [_______________________] Date: _________________________ By:_____________________________ Name: Title:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar4 Trust)
Servicer. Amounts due By: ------------------------------- Name: ------------------------------- Title: ------------------------------- Date: ------------------------------- ---------- (4) See Section 4.06 for appropriate designation for account. -B2-1- The undersigned, as Depository, hereby certifies that the above described account has been established under Account Number ______, at the office of the Depository indicated above, and agrees to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth honor withdrawals on such account as provided above. The full amount deposited at any time in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) account will be insured by the transaction agreements Federal Deposit Insurance Corporation through the Bank Insurance Fund ("BIF") or related mortgage loan documentsthe Savings Association Insurance Fund ("SAIF"). ----------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- Any additions-------------------------------------- Depository By: ------------------------------- Name: ------------------------------- Title: ------------------------------- Date: ------------------------------- -B2-2- EXHIBIT C-1 MONTHLY REMITTANCE ADVICE -C1-1- STANDARD LAYOUT FIELD NAME DESCRIPTION FORMAT ------------- ---------------------------------------------------------- -------------------------- INVNUM INVESTOR LOAN NUMBER Number no decimals SERVNUM SERVICER LOAN NUMBER, removals or substitutions to the asset pool are madeREQUIRED Number no decimals BEGSCHEDBAL BEGINNING SCHEDULED BALANCE FOR SCHED/SCHED Number two decimals BEGINNING TRAIL BALANDE FOR ACTUAL/ACTUAL, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Payments on mortgage loansREQUIRED SCHEDPRIN SCHEDULED PRINCIPAL AMOUNT FOR SCHEDULED/SCHEDULED Number two decimals ACTUAL PRINCIPAL COLLECTED FOR ACTUAL/ACTUAL, including any payoffsREQUIRED, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained .00 IF NO COLLECTIONS CURT1 CURTAILMENT 1 XXXXXX, .00 IF NOT APPLICABLE Number two decimals CURT1DATE CURTAILMENT 1 DATE, BLANK IF NOT APPLICABLE DD-MMM-YY CURT1ADJ CURTAILMENT 1 ADJUSTMENT, .00 IF NOT APPLICABLE Number two decimals CURT2 CURTAILMENT 2 XXXXXX, .00 IF NOT APPLICABLE Number two decimals CURT2DATE CURTAILMENT 2 DATE, BLANK IF NOT APPLICABLE DD-MMM-YY CURT2ADJ CURTAILMENT 2 ADJUSTMENT, .00 IF NOT APPLICABLE Number two decimals LIQPRIN PAYOFF, LIQUIDATION PRINCIPAL, .00 IF NOT APPLICABLE Number two decimals OTHPRIN OTHER PRINCIPAL, .00 IF NOT APPLICABLE Number two decimals PRINREMIT TOTAL PRINCIPAL REMITTANCE AMOUNT, .00 IF NOT APPLICABLE Number two decimals INTREMIT NET INTEREST REMIT, INCLUDE PAYOFF INTEREST, Number two decimals .00 IF NOT APPLICABLE TOTREMIT TOTAL REMITTANCE AMOUNT, .00 IF NOT APPLICABLE Number two decimals ENDSCHEDBAL ENDING SCHEDULED BALANCE FOR SCHEDULED/SCHEDULED Number two decimals ENDING TRIAL BALANCE FOR ACTUAL/ACTUAL .00 IF PAIDOFF, LIQUIDATED OR FULL CHARGEOFF ENDACTBAL ENDING TRIAL BALANCE Number two decimals .00 IF PAIDOFF, LIQUIDATED OR FULL CHARGEOFF ENDDUEDATE ENDING ACTUAL DUE DATE, NOT LAST PAID INSTALLMENT DD-MMM-YY ACTCODE 60 IF PAIDOFF, BLANK IF NOT APPLICABLE Number no more than decimals ACTDATE ACTUAL PAYOFF DATE, BLANK IF NOT APPLICABLE DD-MMM-YY INTRATE INTEREST RATE, REQUIRED Number seven decimals Example .0700000 for 7.00% SFRATE SERVICE FEE RATE, REQUIRED Number seven decimals Example .0025000 for .25% PTRATE PASS THRU RATE, REQUIRED Number seven decimals Example .0675000 for 6.75% PIPMT P&I CONSTANT, REQUIRED Number two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or redecimals .00 IF PAIDOFF -C1-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.1- EXHIBIT C-2 MONTHLY DELINQUENT LOAN ADVICE
Appears in 1 contract
Samples: Correspondent Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)
Servicer. Amounts due to investors are allocated and remitted in X accordance with timeframes, distribution priority and other 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Disbursements made to an investor are posted within two X business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction 1122(d)(3)(iii) agreements. ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Amounts remitted to investors per the investor reports X agree with cancelled checks, or other form of payment, 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Collateral or security on mortgage loans is maintained X X as required X 1122(d)(4)(i) by the transaction agreements or related 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Mortgage loan and related documents are safeguarded as X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Any additions, removals or substitutions to the asset X pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Payments on mortgage loans, including any payoffs, made X in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the 1122(d)(4)(iv) related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- The Servicer's records regarding the mortgage loans X agree with the Servicer's records with respect to an 1122(d)(4)(v) obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Changes with respect to the terms or status of an X obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset 1122(d)(4)(vi) documents. X ----------------------------------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------- --------- -------- Loss mitigation or recovery actions (e.e.g., forbearance X plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the 1122(d)(4)(vii) transaction agreements. ----------------- -------------------------------------------------------- --------- -------- Records documenting collection efforts are maintained X during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary 1122(d)(4)(viii) (e.g., illness or unemployment). ----------------- -------------------------------------------------------- --------- -------- Adjustments to interest rates or rates of return for X mortgage loans with variable rates are computed based 1122(d)(4)(ix) on the related mortgage loan documents. ----------------- -------------------------------------------------------- --------- -------- Regarding any funds held in trust for an obligor (such X as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of 1122(d)(4)(x) days specified in the transaction agreements. ----------------- -------------------------------------------------------- --------- -------- Payments made on behalf of an obligor (such as tax or X insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the 1122(d)(4)(xi) transaction agreements. ----------------- -------------------------------------------------------- --------- -------- Any late payment penalties in connection with any X payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error 1122(d)(4)(xii) or omission. ----------------- -------------------------------------------------------- --------- -------- Disbursements made on behalf of an obligor are posted X within two business days to the obligor's records maintained by the Servicer, or such other number of days 1122(d)(4)(xiii) specified in the transaction agreements. ----------------- -------------------------------------------------------- --------- -------- Delinquencies, charge-offs and uncollectible accounts X X are recognized and recorded in accordance with the 1122(d)(4)(xiv) transaction agreements. ----------------- -------------------------------------------------------- --------- -------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction 1122(d)(4)(xv) agreements. ----------------- -------------------------------------------------------- --------- -------- [BANK OF AMERICA, NATIONAL ASSOCIATION] [WELLS FARGO BANK, N.A.] Date: _________________________ By: Namx: ________________________________ Title: ________________________________ EXHIBIT R-1 ADDITIONAL FORM 10-D INFORMATION ------------------------------------------------- ----------------------------------------------- Item on Form 10-D Party Responsible ------------------------------------------------- ----------------------------------------------- Item 1: Distribution and Pool Performance Depositor Information Servicer Trustee
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Mortgage Securities Inc)
Servicer. Amounts due By: ------------------------------------ Name: ---------------------------------- Title: --------------------------------- Date: ---------------------------------- ---------- /4/ See Section 4.06 for appropriate designation for account. -B2-1- The undersigned, as Depository, hereby certifies that the above described account has been established under Account Number ______, at the office of the Depository indicated above, and agrees to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth honor withdrawals on such account as provided above. The full amount deposited at any time in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) account will be insured by the transaction agreements Federal Deposit Insurance Corporation through the Bank Insurance Fund ("BIF") or related mortgage loan documentsthe Savings Association Insurance Fund ("SAIF"). ----------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- Any additions--------------------------------------- Depository By: ----------------------------------- Name: ---------------------------------- Title: --------------------------------- Date: ---------------------------------- -B2-2- EXHIBIT C-1 MONTHLY REMITTANCE ADVICE [Intentionally Omitted] -C1-1- STANDARD LAYOUT FIELD NAME DESCRIPTION FORMAT ----------- -------------------------------------------------------- -------------------------- INVNUM INVESTOR LOAN NUMBER Number no decimals SERVNUM SERVICER LOAN NUMBER, removals or substitutions to the asset pool are madeREQUIRED Number no decimals BEGSCHEDBAL BEGINNING SCHEDULED BALANCE FOR SCHED/SCHED Number two decimals BEGINNING TRAIL BALANDE FOR ACTUAL/ACTUAL, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Payments on mortgage loansREQUIRED SCHEDPRIN SCHEDULED PRINCIPAL AMOUNT FOR SCHEDULED/SCHEDULED Number two decimals ACTUAL PRINCIPAL COLLECTED FOR ACTUAL/ACTUAL, including any payoffsREQUIRED, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained .00 IF NO COLLECTIONS CURT1 CURTAILMENT 1 XXXXXX, .00 IF NOT APPLICABLE Number two decimals CURT1DATE CURTAILMENT 1 DATE, BLANK IF NOT APPLICABLE DD-MMM-YY CURT1ADJ CURTAILMENT 1 ADJUSTMENT, .00 IF NOT APPLICABLE Number two decimals CURT2 CURTAILMENT 2 XXXXXX, .00 IF NOT APPLICABLE Number two decimals CURT2DATE CURTAILMENT 2 DATE, BLANK IF NOT APPLICABLE DD-MMM-YY CURT2ADJ CURTAILMENT 2 ADJUSTMENT, .00 IF NOT APPLICABLE Number two decimals LIQPRIN PAYOFF, LIQUIDATION PRINCIPAL, .00 IF NOT APPLICABLE Number two decimals OTHPRIN OTHER PRINCIPAL, .00 IF NOT APPLICABLE Number two decimals PRINREMIT TOTAL PRINCIPAL REMITTANCE AMOUNT, .00 IF NOT APPLICABLE Number two decimals INTREMIT NET INTEREST REMIT, INCLUDE PAYOFF INTEREST, Number two decimals .00 IF NOT APPLICABLE TOTREMIT TOTAL REMITTANCE AMOUNT, .00 IF NOT APPLICABLE Number two decimals ENDSCHEDBAL ENDING SCHEDULED BALANCE FOR SCHEDULED/SCHEDULED Number two decimals ENDING TRIAL BALANCE FOR ACTUAL/ACTUAL .00 IF PAIDOFF, LIQUIDATED OR FULL CHARGEOFF ENDACTBAL ENDING TRIAL BALANCE Number two decimals .00 IF PAIDOFF, LIQUIDATED OR FULL CHARGEOFF ENDDUEDATE ENDING ACTUAL DUE DATE, NOT LAST PAID INSTALLMENT DD-MMM-YY ACTCODE 60 IF PAIDOFF, BLANK IF NOT APPLICABLE Number no more than decimals ACTDATE ACTUAL PAYOFF DATE, BLANK IF NOT APPLICABLE DD-MMM-YY INTRATE INTEREST RATE, REQUIRED Number seven decimals Example .0700000 for 7.00% SFRATE SERVICE FEE RATE, REQUIRED Number seven decimals Example .0025000 for .25% PTRATE PASS THRU RATE, REQUIRED Number seven decimals Example .0675000 for 6.75% PIPMT P&I CONSTANT, REQUIRED Number two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or redecimals .00 IF PAIDOFF -C1-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.1- EXHIBIT C-2 MONTHLY DELINQUENT LOAN ADVICE
Appears in 1 contract
Samples: Correspondent Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003 24a)
Servicer. Amounts due to investors are allocated and remitted in accordance X with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Collateral or security on mortgage loans is maintained as required X X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Mortgage loan and related documents are safeguarded as required by X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Any additions, removals or substitutions to the asset pool are X made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Payments on mortgage loans, including any payoffs, made in X accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- The Servicer's records regarding the mortgage loans agree with the X Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Changes with respect to the terms or status of an obligor's X mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ----------- ---------- Loss mitigation or recovery actions (e.e.g., forbearance plans, X modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. -------------------- --------------------------------------------------------------------- ----------- ---------- Records documenting collection efforts are maintained during the X period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). -------------------- --------------------------------------------------------------------- ----------- ---------- Adjustments to interest rates or rates of return for mortgage loans X with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. -------------------- --------------------------------------------------------------------- ----------- ---------- Regarding any funds held in trust for an obligor (such as escrow X accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. -------------------- --------------------------------------------------------------------- ----------- ---------- Payments made on behalf of an obligor (such as tax or insurance X payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. -------------------- --------------------------------------------------------------------- ----------- ---------- Any late payment penalties in connection with any payment to be X made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. -------------------- --------------------------------------------------------------------- ----------- ---------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of days specified in the transaction X 1122(d)(4)(xiii) agreements. -------------------- --------------------------------------------------------------------- ----------- ---------- Delinquencies, charge-offs and uncollectible accounts are X X recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. -------------------- --------------------------------------------------------------------- ----------- ---------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained X X 1122(d)(4)(xv) as set forth in the transaction agreements. -------------------- --------------------------------------------------------------------- ----------- ---------- [BANK OF AMERICA, NATIONAL ASSOCIATION] [WELLS FARGO BANK, N.A.] Date: ------------------------------ 6. By: Name: -------------------------------------- Title: -------------------------------------- EXHIBIT R-1 ADDITIONAL FORM 10-D INFORMATION
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2006-2)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction 1122(d)(3)(iii) agreements. ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- agreements. --------------------- ---------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X loan 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an 1122(d)(4)(v) obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements 1122(d)(4)(vi) and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the 1122(d)(4)(vii) transaction agreements. --------------------- ---------------------- --------------------- ---------------------- S-2 ------------------------------------------------------------------------------------------ ---------------------- Applicable Servicing Servicing Criteria Criteria ------------------------------------------------------------------------------------------ ---------------------- Reference Criteria --------------------- -------------------------------------------------------------------- ---------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or 1122(d)(4)(viii) unemployment). --------------------- ---------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on 1122(d)(4)(ix) the related mortgage loan documents. --------------------- ---------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction 1122(d)(4)(x) agreements. --------------------- ---------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction 1122(d)(4)(xi) agreements. --------------------- ---------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or 1122(d)(4)(xii) omission. --------------------- ---------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days 1122(d)(4)(xiii) specified in the transaction agreements. --------------------- ---------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. --------------------- ---------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction 1122(d)(4)(xv) agreements. --------------------- -------------------------------------------------------------------- ---------------------- --------------------- -------------------------------------------------------------------- ---------------------- [NAME OF MASTER SERVICER] [NAME OF TRUSTEE] [NAME OF CO-TRUSTEE] [NAME OF SUBSERVICER] Date:______________________________ By:________________________________ Name: Title: EXHIBIT T [FORM OF] LIST OF ITEM 1119 PARTIES ALTERNATIVE LOAN TRUST 200_-__ MORTGAGE PASS-THROUGH CERTIFICATES, Series 200_-__ [Date] -------------------------------- ----------------------------------------------- Party Contact Information -------------------------------- ----------------------------------------------- -------------------------------- ----------------------------------------------- -------------------------------- ----------------------------------------------- -------------------------------- ----------------------------------------------- -------------------------------- ----------------------------------------------- -------------------------------- ----------------------------------------------- -------------------------------- ----------------------------------------------- -------------------------------- ----------------------------------------------- -------------------------------- ----------------------------------------------- T-1 EXHIBIT U FORM OF XXXXXXXX-XXXXX CERTIFICATION (REPLACEMENT OF MASTER SERVICER) Re: Alternative Loan Trust 200[ ]-OA[ ], Mortgage Pass-Through Certificates, Series 200[ ]-OA[ ] ----------------------------------------------------------- The undersigned Servicer hereby certifies to the Depositor and its officers, directors and Affiliates (collectively, the "Certification Parties") as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Trust Fund to be signed by an officer of the Depositor and submitted to the Securities and Exchange Commission pursuant to the Xxxxxxxx-Xxxxx Act of 2002:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oa17)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such 1122(d)(3)(iii) other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or 1122(d)(3)(iv) custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage 1122(d)(4)(i) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool 1122(d)(4)(vi) asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the 1122(d)(4)(vii) transaction agreements. -------------------- ----------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CWABS Asset-Backed Certificates Trust 2007-1)
Servicer. Amounts due to investors are allocated and remitted in accordance with X timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in the 1122(d)(3)(ii) transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of days specified X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related X 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the X 1122(d)(4)(ii) transaction agreements X ----------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements X 1122(d)(4)(iii) in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.----------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Omnibus Assignment, Assumption and Recognition Agreement (Morgan Stanley Mortgage Loan Trust 2006-7)
Servicer. Amounts due to investors are allocated and remitted in accordance X with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or 1122(d)(3)(iv) custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- X -------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as X required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Mortgage loan and related documents are safeguarded as required by X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Any additions, removals or substitutions to the asset pool are X made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in X accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the X Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Changes with respect to the terms or status of an obligor's X mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, X modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. -------------------- ---------------------- Records documenting collection efforts are maintained during the X period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). -------------------- --------------------------------------------------------------------- ---------------------- Adjustments to interest rates or rates of return for mortgage loans X with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. -------------------- --------------------------------------------------------------------- ----------------------
Appears in 1 contract
Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-6xs)
Servicer. Amounts due to investors are allocated and remitted in X accordance with timeframes, distribution priority and other terms 1122(d)(3)(ii) terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two X business days to the Servicer's investor records, or such 1122(d)(3)(iii) other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports X agree with cancelled checks, or other form of payment, or 1122(d)(3)(iv) custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as X required X 1122(d)(4)(i) by the transaction agreements or related mortgage 1122(d)(4)(i) loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as X X(1) 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- agreements. --------------------------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool X are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in X accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in 1122(d)(4)(iv) accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree X with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's X mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized authorised personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool 1122(d)(4)(vi) asset documents. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, X modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other 1122(d)(4)(vii) requirements established by the transaction agreements. --------------------------------------------------------------------------------------------------------------------------------- Records documenting collection efforts are maintained during X the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records arc maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness 1122(d)(4)(viii) or unemployment). --------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- Adjustments to interest rates or rates of return for mortgage X loans with variable rates are computed based on the related 1122(d)(4)(ix) mortgage loan documents. -------------------------------------------------------------------------------------------------------------------------------- Regarding any funds held in trust for an obligor (such as X escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days 1122(d)(4)(x) specified in the transaction agreements. -------------------------------------------------------------------------------------------------------------------------------- Payments made on behalf of an obligor (such as tax or X insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other 1122(d)(4)(xi) number of days specified in the transaction agreements. -------------------------------------------------------------------------------------------------------------------------------- Any late payment penalties in connection with any payment X to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the 1122(d)(4)(xii) late payment was due to the obligor's error or omission. -------------------------------------------------------------------------------------------------------------------------------- Disbursements made on behalf of an obligor are posted X within two business days to the obligor's records maintained by the servicer, or such other number of days specified in 1122(d)(4)(xiii) the transaction agreements. -------------------------------------------------------------------------------------------------------------------------------- Delinquencies, charge-offs and uncollectible accounts are X recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. -------------------------------------------------------------------------------------------------------------------------------- Any external enhancement or other support, identified in Item X 1114(a)(1) through (3) or Item 1115 of Regulation AB, is 1122(d)(4)(xv) maintained as set forth in the transaction agreements. --------------------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Custodial Agreement (Citigroup HELOC Trust 2006-Ncb1)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) other terms set forth in the transaction agreements. X X ----------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the X X 1122(d)(3)(iii) transaction agreements. ----------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, X X 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related 1122(d)(4)(i) mortgage loan documents. X X X ----------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X X X ----------------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance X 1122(d)(4)(iv) with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an 1122(d)(4)(v) obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset X X 1122(d)(4)(vi) documents. X ----------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by X X 1122(d)(4)(vii) the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling X plans in cases where delinquency is deemed temporary 1122(d)(4)(viii) (e.g., illness or unemployment). ----------------------------------------------------------------------------------------------------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based 1122(d)(4)(ix) on the related mortgage loan documents. X ----------------------------------------------------------------------------------------------------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of X the related mortgage loans, or such other number of 1122(d)(4)(x) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the X 1122(d)(4)(xi) transaction agreements. ----------------------------------------------------------------------------------------------------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the X 1122(d)(4)(xii) obligor's error or omission. ----------------------------------------------------------------------------------------------------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of X 1122(d)(4)(xiii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the 1122(d)(4)(xiv) transaction agreements. X X ----------------------------------------------------------------------------------------------------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the X(3) 1122(d)(4)(xv) transaction agreements. ----------------------------------------------------------------------------------------------------------------- [_______________________] Date: _________________________ By:_____________________________ Name: Title:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-17 Trust)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- X ----------------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the X X 1122(d)(3)(iii) transaction agreements. ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, X X 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- X X X ----------------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- X X ----------------------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance X 1122(d)(4)(iv) with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an 1122(d)(4)(v) obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset X X 1122(d)(4)(vi) documents. X ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-19 Trust)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such 1122(d)(3)(iii) other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or 1122(d)(3)(iv) custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Mortgage loan and related documents are safeguarded as required 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements 1122(d)(4)(vi) and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the 1122(d)(4)(vii) transaction agreements. -------------------- ----------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CWHEQ Home Equity Loan Trust, Series 2006-S1)
Servicer. Amounts due to investors are allocated and remitted in accordance X with timeframes, distribution priority and other X 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) custodial bank statements. ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------------------------------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related X 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as required by X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or X 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business X days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal X 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.-----------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-1ar)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Mortgage loan and related documents are safeguarded as required by X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. -------------------- ---------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). -------------------- ---------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. -------------------- ---------------------- ----------------------------------------------------------------------------------------------------------------- APPLICABLE SERVICING SERVICING CRITERIA CRITERIA ----------------------------------------------------------------------------------------------------------------- Reference Criteria -------------------- --------------------------------------------------------------------- ---------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. -------------------- ---------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. -------------------- ---------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. -------------------- ---------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction 1122(d)(4)(xiii) agreements. -------------------- ---------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. -------------------- ---------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained 1122(d)(4)(xv) as set forth in the transaction agreements. -------------------- --------------------------------------------------------------------- ---------------------- ----------------------------------------------------------------------------------------------------------------- SCHEDULE 1-A LIST OF DOCUMENTS FOR AMERICAN HOME With respect to each Mortgage Loan, the Mortgage Loan Documents shall include each of the following items, which shall be available for inspection by the Purchaser and any prospective Purchaser, and which shall be delivered to the Custodian, or to such other Person as the Purchaser shall designate in writing:
Appears in 1 contract
Samples: Custodial Agreement (Morgan Stanley Mortgage Loan Trust 2006-6ar)
Servicer. Amounts due to investors are allocated and remitted in Securities accordance with timeframes, distribution priority and other Administrator/Servicer/Master 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Servicer --------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, Securities or such other number of X 1122(d)(3)(iii) days specified in the Administrator/Servicer/Master 1122(d)(3)(iii) transaction agreements. ----------------------------------------------------------------------------------------------------------------- Servicer --------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports Securities agree with cancelled checks, or other form of payment, Administrator/Servicer/Master 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- Servicer --------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements Custodian/ Securities 1122(d)(4)(i) or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- Administrator/Servicer --------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as Custodian/Securities 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- Administrator/Servicer --------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction Servicer/Securities 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- Administrator --------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance Servicer 1122(d)(4)(iv) with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an 1122(d)(4)(v) obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Servicer --------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset Servicer 1122(d)(4)(vi) documents. X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by Servicer 1122(d)(4)(vii) the transaction agreements. --------------------------------------------------------------------------------------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling Servicer plans in cases where delinquency is deemed temporary 1122(d)(4)(viii) (e.g., illness or unemployment). --------------------------------------------------------------------------------------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based 1122(d)(4)(ix) on the related mortgage loan documents. Servicer --------------------------------------------------------------------------------------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of Servicer the related mortgage loans, or such other number of 1122(d)(4)(x) days specified in the transaction agreements. --------------------------------------------------------------------------------------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the Servicer 1122(d)(4)(xi) transaction agreements. --------------------------------------------------------------------------------------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the Servicer 1122(d)(4)(xii) obligor's error or omission. --------------------------------------------------------------------------------------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of Servicer 1122(d)(4)(xiii) days specified in the transaction agreements. --------------------------------------------------------------------------------------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the 1122(d)(4)(xiv)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GSAMP Trust 2007-Nc1)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other X 1122(d)(3)(ii) terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or X 1122(d)(3)(iii) such other number of X 1122(d)(3)(iii) days ofdays specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, X 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan X 1122(d)(4)(i) documents. ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Mortgage loan and related documents are safeguarded as required 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or X 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days X specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance 1122(d)(4)(iv) with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid X 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, X reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- --------------------- ---------------------- Loss mitigation or recovery actions (e.
Appears in 1 contract
Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-11)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related 1122(d)(4)(i) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Mortgage loan and related documents are safeguarded as required by 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- agreements. -------------------- ---------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements 1122(d)(4)(vi) and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- -------------------- ---------------------- S-2 ------------------------------------------------------------------------------------------ ---------------------- Servicing Criteria Applicable Servicing Criteria ------------------------------------------------------------------------------------------ ---------------------- Reference Criteria -------------------- --------------------------------------------------------------------- ---------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the 1122(d)(4)(vii) transaction agreements. -------------------- ---------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). -------------------- ---------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on 1122(d)(4)(ix) the related mortgage loan documents. -------------------- ---------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. -------------------- ---------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction 1122(d)(4)(xi) agreements. -------------------- ---------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or 1122(d)(4)(xii) omission. -------------------- ---------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction 1122(d)(4)(xiii) agreements. -------------------- ---------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the 1122(d)(4)(xiv) transaction agreements. -------------------- ---------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained 1122(d)(4)(xv) as set forth in the transaction agreements. -------------------- --------------------------------------------------------------------- ---------------------- -------------------- --------------------------------------------------------------------- ---------------------- [NAME OF MASTER SERVICER] [NAME OF TRUSTEE] [NAME OF SUBSERVICER] Date: _________________________ By: ____________________________ Name: Title: EXHIBIT T [FORM OF] LIST OF ITEM 1119 PARTIES MORTGAGE PASS-THROUGH CERTIFICATES, Series 200_-__ [Date] ---------------------------------------- ----------------------------------------------------------------------------- Party Contact Information ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- ---------------------------------------- ----------------------------------------------------------------------------- EXHIBIT U FORM OF SARBANES-OXLEY CERTIFICATION (Replacement of Master Servicer) Re: Alternative Loan Trust 2006-OA1, Mortgage Pass-Through Certificates, Series 2006-OA1 The undersigned Servicer hereby certifies to the Depositor and its officers, directors and Affiliates (collectively, the "Certification Parties") as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Trust Fund to be signed by an officer of the Depositor and submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oa2)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------- ----------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction 1122(d)(3)(iii) agreements. ----------------------------------------------------------------------------------------------------------------- ---------------- ----------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other 1122(d)(3)(iv) form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ---------------- ----------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ---------------- ----------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage 1122(d)(4)(i) loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------- ----------------- Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- agreements. ---------------- ----------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------- ----------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance 1122(d)(4)(iv) with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------- ----------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ---------------- ----------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ---------------- ----------------- --------------------------------------------------------------------------------------------------------- Applicable Servicing Criteria Servicing Criteria --------------------------------------------------------------------------------------------------------- Reference Criteria --------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other 1122(d)(4)(vii) requirements established by the transaction agreements. ---------------- ----------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or 1122(d)(4)(viii) unemployment). ---------------- ----------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related 1122(d)(4)(ix) mortgage loan documents. ---------------- ----------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction 1122(d)(4)(x) agreements. ---------------- ----------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the 1122(d)(4)(xi) transaction agreements. ---------------- ----------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due 1122(d)(4)(xii) to the obligor's error or omission. ---------------- ----------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the 1122(d)(4)(xiii) transaction agreements. ---------------- ----------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. ---------------- ----------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is 1122(d)(4)(xv) maintained as set forth in the transaction agreements. ---------------- ----------------- --------------------------------------------------------------------------------------------------------- [NAME OF MASTER SERVICER] [NAME OF TRUSTEE] [NAME OF SUBSERVICER] Date: _________________________ By: ________________________________ Name: Title: EXHIBIT T [FORM OF] LIST OF ITEM 1119 PARTIES MORTGAGE PASS-THROUGH CERTIFICATES, Series 200_-__ [Date] ------------------------------------------------------------------------------ Party Contact Information ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ T-1 EXHIBIT U FORM OF SARBANES-OXLEY CERTIFICATION (Replacement of Master Servicer) Re: Alternative Loan Trust 2006-OA1, Mortgage Pass-Through Certificates, -------------------------------------------------------------------- Series 2006-OA1 --------------- The undersigned Servicer hereby certifies to the Depositor and its officers, directors and Affiliates (collectively, the "Certification Parties") as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Trust Fund to be signed by an officer of the Depositor and submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oa9)
Servicer. Trustee Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in the 1122(d)(3)(ii) transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ------------------ ------------------ Trustee Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X days 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ------------------ ------------------ Trustee Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ------------------ ------------------ Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ------------------ ------------------ Trustee Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by Master Servicer the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- Special Servicer 1122(d)(4)(i) Primary Servicer ------------------ ------------------ Trustee Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the 1122(d)(4)(ii) transaction agreements X ----------------------------------------------------------------------------------------------------------------- agreements. ------------------ ------------------ Trustee Any additions, removals or substitutions to the asset pool are made, Master Servicer reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements Special Servicer 1122(d)(4)(iii) in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Primary Servicer ------------------ ------------------ Master Servicer Payments on mortgage loans, including any payoffs, made in accordance Primary Servicer with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., 1122(d)(4)(iv) escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ------------------ ------------------ Master Servicer The Servicer's records regarding the mortgage loans agree with the Primary Servicer Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ------------------ ------------------ Master Servicer Changes with respect to the terms or status of an obligor's mortgage Special Servicer loans (e.g., loan modifications or re-agings) are made, reviewed and Primary Servicer approved by authorized personnel in accordance with the transaction 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ------------------ ------------------ Special Servicer Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the 1122(d)(4)(vii) transaction agreements. ------------------ ------------------ Master Servicer Records documenting collection efforts are maintained during the period (only for the a mortgage loan is delinquent in accordance with the transaction period prior to agreements. Such records are maintained on at least a monthly basis, or a servicing such other period specified in the transaction agreements, and describe transfer event the entity's activities in monitoring delinquent mortgage loans (as defined in including, for example, phone calls, letters and payment rescheduling the transaction plans in cases where delinquency is deemed temporary (e.g., illness or agreements)) unemployment). Special Servicer 1122(d)(4)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Commercial Mortgage Inc., Series 2007-2)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Trustee/Servicer --------------------------------------------------------------------------------------------------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X Trustee/Servicer 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X Trustee/Servicer 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Collateral or security on mortgage loans is maintained as required X Trustee/Servicer 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Mortgage loan and related documents are safeguarded as required by Trustee/Servicer 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- Trustee/Servicer --------------------------------------------------------------------------------------------------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X Servicer 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- Servicer --------------------------------------------------------------------------------------------------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- Servicer --------------------------------------------------------------------------------------------------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements Servicer 1122(d)(4)(vii) established by the transaction agreements. --------------------------------------------------------------------------------------------------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency Servicer 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). --------------------------------------------------------------------------------------------------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. Servicer --------------------------------------------------------------------------------------------------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar Servicer days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. --------------------------------------------------------------------------------------------------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such Servicer 1122(d)(4)(xi) other number of days specified in the transaction agreements. --------------------------------------------------------------------------------------------------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. Servicer --------------------------------------------------------------------------------------------------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction Servicer 1122(d)(4)(xiii) agreements. --------------------------------------------------------------------------------------------------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. Servicer/Trustee --------------------------------------------------------------------------------------------------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained Trustee, if 1122(d)(4)(xv) as set forth in the transaction agreements. applicable. --------------------------------------------------------------------------------------------------------------- EXHIBIT Q ADDITIONAL FORM 10-D DISCLOSURE ----------------------------------------------------------- ---------------------------------------------------------- Item on Form 10-D Party Responsible ----------------------------------------------------------- ---------------------------------------------------------- Item 1: Distribution and Pool Performance Servicer Information Trustee Depositor
Appears in 1 contract
Samples: Pooling and Servicing Agreement (SABR LLC Trust 2006-Fr1)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set 1122(d)(3)(ii) terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------ Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified 1122(d)(3)(iiispecified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------ Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or 1122(d)(3)(iv) custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------ Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------ Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements or related mortgage loan 1122(d)(4)(i) documents. ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------ Mortgage loan and related documents are safeguarded as 1122(d)(4)(ii) required by the transaction 1122(d)(4)(ii) agreements X ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------ Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the transaction 1122(d)(4)(iii) agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------ Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------ The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------ Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------ Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. ---------------- ------------------ Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed 1122(d)(4)(viii)temporary (e.g., illness or unemployment). ---------------- ------------------ Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related 1122(d)(4)(ix) mortgage loan documents. ---------------- ------------------
Appears in 1 contract
Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-7)
Servicer. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other 1122(d)(3)(ii) other terms set forth in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X 1122(d)(3)(iii) days specified in the transaction 1122(d)(3)(iii) agreements. ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, 1122(d)(3)(iv) or custodial bank X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------- Collateral or security on mortgage loans is maintained as required X 1122(d)(4)(i) by the transaction agreements X 1122(d)(4)(i) or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------- Mortgage loan and related documents are safeguarded as X 1122(d)(4)(ii) as required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------- Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any 1122(d)(4)(iii) conditions or requirements in the 1122(d)(4)(iii) transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------- Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the 1122(d)(4)(iv) related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------- The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an 1122(d)(4)(v) obligor's 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------- Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ---------------- ------------------- Loss mitigation or recovery actions (e.e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the 1122(d)(4)(vii) transaction agreements. ---------------- ------------------- Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary 1122(d)(4)(viii) (e.g., illness or unemployment). ---------------- ------------------- Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based 1122(d)(4)(ix) on the related mortgage loan documents. ---------------- ------------------- --------------------------------------------------------------------------------------------------- APPLICABLE SERVICING SERVICING CRITERIA CRITERIA --------------------------------------------------------------------------------------------------- Reference Criteria --------------------------------------------------------------------------------------------------- Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of 1122(d)(4)(x) days specified in the transaction agreements. ---------------- ------------------- Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the 1122(d)(4)(xi) transaction agreements. ---------------- ------------------- Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. ---------------- ------------------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of 1122(d)(4)(xiii) days specified in the transaction agreements. ---------------- ------------------- Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the 1122(d)(4)(xiv) transaction agreements. ---------------- ------------------- Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the 1122(d)(4)(xv) transaction agreements. --------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Custodial Agreement (Morgan Stanley Mortgage Loan Trust 2006-3ar)
Servicer. Amounts due to investors are allocated and remitted in accordance X X with timeframes, distribution priority and other 1122(d)(3)(ii) terms set forth in 1122(d)(3)(ii) the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of X X 1122(d)(3)(iii) days specified in the transaction agreements. ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank X X 1122(d)(3)(iv) statements. ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Pool Asset Administration ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Collateral or security on mortgage loans is maintained as required X X X 1122(d)(4)(i) by the transaction agreements or related mortgage loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Mortgage loan and related documents are safeguarded as required by X X 1122(d)(4)(ii) required by the transaction agreements X ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Any additions, removals or substitutions to the asset pool are X X X made, reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) conditions or requirements in the transaction agreements. X ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Payments on mortgage loans, including any payoffs, made in X accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage X 1122(d)(4)(iv) loan documents. ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- The Servicer's records regarding the mortgage loans agree with the X Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) unpaid principal balance. X ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Changes with respect to the terms or status of an obligor's X X mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with 1122(d)(4)(vi) the transaction agreements and related pool asset documents. X ----------------------------------------------------------------------------------------------------------------- ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Loss mitigation or recovery actions (e.e.g., forbearance plans, X X modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements 1122(d)(4)(vii) established by the transaction agreements. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Records documenting collection efforts are maintained during the X period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency 1122(d)(4)(viii) is deemed temporary (e.g., illness or unemployment). ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Adjustments to interest rates or rates of return for mortgage loans X with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Regarding any funds held in trust for an obligor (such as escrow X accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Payments made on behalf of an obligor (such as tax or insurance X payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such 1122(d)(4)(xi) other number of days specified in the transaction agreements. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Any late payment penalties in connection with any payment to be X made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of days specified in the transaction X 1122(d)(4)(xiii) agreements. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Delinquencies, charge-offs and uncollectible accounts are X X recognized and recorded in accordance with the transaction 1122(d)(4)(xiv) agreements. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- Any external enhancement or other support, identified in X (3) Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, 1122(d)(4)(xv) is maintained as set forth in the transaction agreements. ---------------- --------------------------------------------------------------------- ---------- ---------- ----------- ----------- [_______________________] Date: _________________________ By:_____________________________ Name: Title:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-7 Trust)
