Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date: (i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal; (ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest; (iii) the aggregate amount of any Principal Prepayments and Repurchase Proceeds included in the distributions to Certificateholders; (iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03; (v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period; (vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer; (vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period; (viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure; (ix) the aggregate amount of all Advances recovered during the related Due Period; (x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class of Subordinated Certificates; (xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date; (xii) the allocation to each Class of Certificates of any Realized Losses during the related Due Period; (xiii) the Outstanding Certificate Principal Balance of each Class of Certificates after giving effect to the distributions to each Class on such Distribution Date; and (xiv) the amount of any Compensating Interest Shortfalls on such Distribution Date.
Appears in 9 contracts
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Corp), Pooling and Servicing Agreement (Chase Mortgage Finance Corp), Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class and Component of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect to each Class and Component of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) the aggregate amount of any Principal Prepayments and Repurchase Proceeds included in the distributions to Certificateholders;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class and Component of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class and Component of Certificates after giving effect to the distributions to each Class on such Distribution Date; and
(xiv) the amount of any Compensating Interest Shortfalls on such Distribution Date.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Corp), Pooling and Servicing Agreement (Chase Mortgage Finance Corp), Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) the aggregate amount of any Principal Prepayments and Repurchase Proceeds included in the distributions to Certificateholders;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class Class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates after giving effect to the distributions to each Class on such Distribution Date; and
(xiv) the amount of any Compensating Interest Shortfalls on such Distribution Date.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Corp), Pooling and Servicing Agreement (Chase Funding Inc)
Statements to the Certificateholders. (a) Not later than the earlier of (i) three Business Days after the Determination Date and (ii) the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee (in such format as may be mutually agreed) the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall make available on its website located at wxx.xxxxxxxx.xxx/xxx or upon request shall send to each any Certificateholder, the Depositor, the Trustee (if other than the Paying Agent)Trustee, the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) the aggregate amount of any Principal Prepayments and Prepayments, Repurchase Proceeds or other unscheduled recoveries included in the distributions to Certificateholders;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (calculated using the Mortgage Bankers Association (MBA) method) (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and Payments, (B) in foreclosureforeclosure and (C) in bankruptcy, in each case, as of the end of the related Principal Prepayment Periodclose of business on the first day of the calendar month of such Distribution Date;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Outstanding Certificate Principal Balance of each Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates immediately prior to and after giving effect to the distributions to each Class on such Distribution Date;
(xiv) with respect to each Class of Certificates, any amounts of Net Interest Shortfalls, Compensating Interest Shortfalls and reductions relating to the Relief Act on such Distribution Date;
(xv) the number of Mortgage Loans with respect to which a reduction in the Mortgage Rate has occurred pursuant to the Relief Act, as well as the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions; both in the aggregate and for each Class of Certificates;
(xvi) updated pool composition information such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amounts;
(xvii) if applicable, any material changes to methodology regarding calculations of delinquencies and charge-offs;
(xviii) any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time;
(xix) material breaches of pool asset representations or warranties or transaction covenants;
(xx) information on ratio, coverage or other test used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met;
(xxi) excess interest payments for each Class of Certificates;
(xxii) whether a Trigger Event has occurred and is in effect;
(xxiii) as of each Distribution Date, the amount, if any, paid or received by the Supplemental Interest Trust pursuant to the Swap Agreement and the amount thereof to be paid to each Class of Certificates or the Swap Counterparty, as applicable;
(xxiv) as of each Distribution Date, the Overcollateralized Amount and the Overcollateralization Target Amount;
(xxv) as of each Distribution Date, the amount on deposit in the Supplemental Interest Trust Account;
(xxvi) as of each Distribution Date, the amount, if any, received by the Supplemental Interest Trust pursuant to the Yield Maintenance Agreement and the amount thereof to be paid to each class of Certificates;
(xxvii) if applicable, information regarding any new issuance of asset-backed securities backed by the same asset pool, any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable; and
(xivxxviii) if applicable, any material changes in the amount solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets. The Paying Agent’s responsibility for sending the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer which shall be provided as required in this Section 6.02(a). Upon reasonable advance notice in writing if required by federal regulation, the Servicer will provide to each Certificateholder which is a savings and loan association, bank or insurance company certain reports and access during business hours to information and documentation regarding the Mortgage Loans sufficient to permit such Certificateholder to comply with applicable regulations of regulatory authorities with respect to investment in the Certificates; provided, that the Servicer shall be entitled to be reimbursed by each such Certificateholder for the Servicer’s actual expenses incurred in providing such reports and access.
(b) The Servicer shall cause to be prepared, and the Servicer or the Trustee, as required by applicable law, shall file, any Compensating Interest Shortfalls and all tax returns, information statements or other filings required to be delivered to Certificateholders and any governmental taxing authority pursuant to any applicable law with respect to the Trust Fund and the transactions contemplated hereby (the Servicer or the Trustee may, at its option but with the consent of the other, which consent shall not be unreasonably withheld, appoint an organization which regularly engages in the preparation and filing of such documents on a continuous basis for profit and which represents itself to be expert in such Distribution Datematters) and the Servicer shall maintain a record of the information necessary for the application of Section 860E(e) of the Code and shall make such information available as required by Section 860D(a)(6) of the Code; provided, however, that the Servicer shall notify the Trustee of the Trustee’s obligation to make any such filings and that any fees of the organization appointed as provided above shall be paid by the Servicer; and provided further that if an organization is employed, as described above, to prepare and file any such filings, neither the Trustee nor the Servicer shall be liable for any errors by such organization.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (ChaseFlex Trust Series 2007-2), Pooling and Servicing Agreement (ChaseFlex Trust Series 2007-2)
Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) the aggregate amount of any Principal Prepayments and Repurchase Proceeds included in the distributions to Certificateholders, in each case both in the aggregate and by Mortgage Group;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03, both in the aggregate and by Mortgage Group;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance Balance, both in the aggregate and by Mortgage Group, as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period, in each case, both in the aggregate and by Mortgage Group;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure, in each case, both in the aggregate and by Mortgage Group;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date, both in the aggregate and by Mortgage Group;
(xii) the allocation to each Class of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates after giving effect to the distributions to each Class on such Distribution Date; and
(xiv) the amount of any Compensating Interest Shortfalls on such Distribution Date.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Corp), Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
Statements to the Certificateholders. (a) Not later than ------------------------------------ 12:00 noon California time on the second third Business Day prior to each Distribution Date, the Master Servicer shall send deliver to the Trustee and the Paying Agent for mailing by the Trustee to each holder of the related Class of Certificates, each Rating Agency, the Certificate Insurer and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, and each Rating Agency Surety a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates Certificates, the amount of such distribution to Holders of such Class allocable to principal. Such statement shall separately identify, in the aggregate and not on a Class by Class basis, the aggregate amount of any Principal Prepayments, Net Liquidation Proceeds and Repurchase Proceeds included in the distribution to all Classes;
(ii) with respect to each Class of Certificates Certificates, the amount of such distribution to Holders of such Class allocable to interest, identifying those cases in which the applicable Pass-Through Rate was based on the Alternate Certificate Rate and, to the extent information is reasonably available to the Master Servicer on such Determination Date, indicating the Pass-Through Rate applicable to each Class of Certificates for the next Distribution Date;
(iii) the aggregate amount amounts (stated separately) of any Principal Prepayments Class A Interest Shortfall and Repurchase Proceeds included in Class B Interest Shortfall for such Distribution Date and the distributions to Certificateholdersamounts (stated separately) of Class A Unpaid Interest Shortfall and Class B Unpaid Interest Shortfall;
(iv) the aggregate amount, if any, by which the sum of the Formula Principal Distribution Amount and the Unrecovered Principal Amounts for such Distribution Date exceeds the amount distributed on account of principal to the related Certificateholders on such Distribution Date;
(v) the amount of any Advances by the Master Servicer and by the Trustee pursuant to Section 6.03;
(v) 6.03 and the number amount of Outstanding delinquencies of Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of during the related Principal Prepayment Due Period;
(vi) the amount to be paid to the Certificate Insurer pursuant to Section 6.01(a) (the information required by this clause (vi) shall not be included in the statement to Certificateholders);
(vii) the Pool Principal Balance, after giving effect to the Formula Principal Distribution Amount and the Unrecovered Principal Amounts for such Distribution Date;
(viii) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Certificate Account by the Master Servicer and the amount of additional servicing compensation received by the Master Servicer attributable to penalties, fees and other items;
(ix) the amount of Servicing Advances paid by the Master Servicer and any Sub-Servicer;
(viix) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, Payment and (2) two Monthly Payments and Payments, (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
(viiixi) the number and book value (within the principal balance meaning of Mortgage Loans with respect to 12 C.F.R. Section 571.13 or comparable provision) of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ixxii) the aggregate amount of Aggregate Net Principal Liquidation Losses for Mortgage Loans that became Liquidated Mortgage Loans during the related Principal Prepayment Period;
(xiii) all Advances recovered during the related Due Principal Prepayment Period;
(xxiv) with respect the amount, if any, distributed to the following holders of Certificates from the Reserve Fund on such Distribution Date and the amount, if any, in the Reserve Fund after giving effect to such distribution;
(xv) the Distribution Account Shortfall, if any, and the Required Surety Payment, if any, for such Distribution Date;
(xvi) if such Distribution Date is a Pre-Funding Distribution Date, the Class A Percentage, amount transferred to the Class M Percentage, Distribution Account from the Class B Percentage, Pre-Funding Account;
(xvii) the aggregate Principal Balance of the Additional Collateral Mortgage Loans;
(xviii) the Class A Principal Balance, the Class M Principal Balance, Balance and the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates after giving effect to the distributions to each Class distribution on such Distribution Date; and
(xivxix) the amount of any Compensating Interest Shortfalls Class B Loss Amount for such Distribution Date. Not later than two Business Days prior to each Distribution Date, the Master Servicer shall deliver to the Paying Agent a statement, and on the following Distribution Date the Paying Agent shall also send to the Class R Certificateholders, the Company, the Trustee (if other than the Paying Agent), the Certificate Insurer, the Surety and the Rating Agency such statement, setting forth the amount, if any, distributed to such Holders on such Distribution Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MLCC Mortgage Investors Inc)
Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, trustee and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal, including the amounts distributed pursuant to Section 6.01(b)(i)(I);
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interestinterest and the amount of interest accrued on the Class A-5 Certificates but not paid;
(iii) the aggregate amount of any Principal Prepayments and Repurchase Proceeds included in the distributions to Certificateholders;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class Class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates after giving effect to the distributions to each Class on such Distribution Date; and
(xiv) with respect to each Class of Certificates, the amount of any Compensating Interest Shortfalls on such Distribution Date. The Paying Agent's responsibility for sending the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. Upon reasonable advance notice in writing if required by federal regulation, the Servicer will provide to each Certificateholder which is a savings and loan association, bank or insurance company certain reports and access during business hours to information and documentation regarding the Mortgage Loans sufficient to permit such Certificateholder to comply with applicable regulations of regulatory authorities with respect to investment in the Certificates; provided, that the Servicer shall be entitled to be reimbursed by each such Certificateholder for the Servicer's actual expenses incurred in providing such reports and access.
(b) The Servicer shall cause to be prepared, and the Servicer or the Trustee, as required by applicable law, shall file, any and all tax returns, information statements or other filings required to be delivered to Certificateholders and any governmental taxing authority pursuant to any applicable law with respect to the Trust Fund and the transactions contemplated hereby (the Servicer or the Trustee may, at its option but with the consent of the other, which consent shall not be unreasonably withheld, appoint an organization which regularly engages in the preparation and filing of such documents on a continuous basis for profit and which represents itself to be expert in such matters) and the Servicer shall maintain a record of the information necessary for the application of Section 860E(e) of the Code and shall make such information available as required by Section 860D(a)(6) of the Code; provided, however, that the Servicer shall notify the Trustee of the Trustee's obligation to make any such filings and that any fees of the organization appointed as provided above shall be paid by the Servicer; and provided further that if an organization is employed, as described above, to prepare and file any such filings, neither the Trustee nor the Servicer shall be liable for any errors by such organization.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class and Component of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) the aggregate amount of any Principal Prepayments and Repurchase Proceeds included in the distributions to Certificateholders;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M ClassM Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class and Component of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class and Component of Certificates after giving effect to the distributions to each Class on such Distribution Date; and
(xiv) the amount of any Compensating Interest Shortfalls on such Distribution Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not No later than each Distribution Date, the Paying Agent Trustee shall send prepare, based solely on loan level information furnished by the Servicer pursuant to Section 5.28, and shall make available to each Certificateholderholder of the related Class of Certificates, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect the amount of the distribution on the Distribution Date made to the Holders of each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect the amount of the distribution on the Distribution Date made to the Holders of each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) any unpaid Interest Shortfalls included in such distribution and the aggregate amount Interest Shortfalls remaining unpaid as of any Principal Prepayments and Repurchase Proceeds included in the distributions to Certificateholderssuch Distribution Date;
(iv) the aggregate amount Certificate Principal Balance or Notional Amount of any Advances by the Servicer pursuant each Class of Certificates after giving effect to Section 6.03distribution of principal on that Distribution Date;
(v) the number of Outstanding Mortgage Loans and Pool Balance for the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment PeriodDistribution Date;
(vi) the related amount of Senior Percentage and the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the ServicerSubordinate Percentage;
(vii) the number and aggregate principal amounts amount of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three Servicing Fees paid to or more Monthly Payments and (B) in foreclosure, in each case, as of retained by the end of Servicer with respect to the related Principal Prepayment PeriodDistribution Date;
(viii) the number and the principal balance Pass-Through Rate of Mortgage Loans with respect to any real estate acquired through foreclosure or grant interest on each Class of a deed in lieu of foreclosureCertificates for that Distribution Date;
(ix) the aggregate amount of all Advances recovered during included in the related Due Period;
(x) with respect to distribution for the following applicable Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period Date and the aggregate amount of Realized Losses since Advances outstanding as of the Cut-off Distribution Date;
(xiia) the allocation number and aggregate unpaid principal balance of Mortgage Loans (exclusive of Mortgage Loans in foreclosure) delinquent:
(i) 1 to each Class of Certificates of any Realized Losses during the related Due Period30 days;
(xiiiii) the Outstanding Certificate Principal Balance of each Class of Certificates after giving effect 31 to the distributions 60 days;
(iii) 61 to each Class on such Distribution Date90 days; and
(xiviv) 91 or more days.
(b) the amount number and aggregate unpaid principal balance of Mortgage Loans in foreclosure and delinquent;
(i) with respect to any Compensating Interest Shortfalls on such Mortgage Loan that became an REO Property during the preceding calendar month, the Mortgage Loan number of the related Mortgage Loan, the unpaid principal balance of the related Mortgage Loan and the principal balance of the related Mortgage Loan as of the date it became an REO Property;
(ii) the total number and cumulative principal balance of all REO Properties as of the close of business of the determination date;
(iii) the Senior Prepayment Percentage for the Distribution Date;
(iv) the aggregate Realized Losses incurred during the prior calendar month; and
(v) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)
Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not No later than each Distribution Date, the Paying Agent Trustee shall send to each Certificateholderprepare, the Depositor, the Trustee (if other than the Paying Agent), based solely on information furnished by the Servicer, any co-trusteeand shall provide to each holder of the related Class of Certificates, and each Rating Agency Agency, the Certificate Insurer and the Surety a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates Certificates, the amount of such distribution to Holders of such Class allocable to principal. Such statement shall separately identify, in the aggregate and not on a Class by Class basis, the aggregate amount of any Principal Prepayments, Net Liquidation Proceeds and Repurchase Proceeds included in the distribution to all Classes;
(ii) with respect to each Class of Certificates Certificates, the amount of such distribution to Holders of such Class allocable to interest, identifying those cases in which the Class A-I Pass-Through Rate was based on the Weighted Average Net Mortgage Rate for the Group I Loan;
(iii) the aggregate amount of any Principal Prepayments Class A Interest Shortfall for such Distribution Date and Repurchase Proceeds included in the distributions to Certificateholdersamount of Class A Unpaid Interest Shortfall;
(iv) the aggregate amount of any Monthly Advances by the Servicer or by the Trustee pursuant to Section 6.03;
(v) the number aggregate Stated Principal Balance of Outstanding Mortgage the Group I Loans and the Mortgage Pool Group II Loans, after giving effect to the Group I and Group II Principal Balance as of the close of business as of the end of the related Principal Prepayment PeriodDistribution Amount and any Realized Losses for such Distribution Date;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the ServicerServicer and the amount of additional servicing compensation received by the Servicer attributable to penalties, fees and other items;
(vii) the amount of any Servicing Advances paid by the Servicer or the Trustee;
(viii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, Payment and (2) two Monthly Payments and Payments, (3) three or more Monthly Payments and Payments, (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
foreclosure and (viiiC) the number and the principal balance of Mortgage Loans with respect to any that constitute real estate owned that was acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the book value (within the meaning of 12 C.F.R.ss.571.13 or comparable provision) of any REO Property (but only to the extent such information is reported by the Servicer to the Trustee);
(x) the aggregate amount of all Advances recovered Net Principal Liquidation Losses for Mortgage Loans that became Liquidated Mortgage Loans during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses all Monthly Advances recovered during the related Due Period (but only to the extent such information is aggregated and reported by the aggregate amount of Realized Losses since Servicer to the Cut-off DateTrustee);
(xii) the allocation to each Class of Certificates of any Realized Losses during Required Payment, if any, the related Due PeriodPreference Amount, if any, and the Required Surety Payment, if any, for such Distribution Date;
(xiii) the Outstanding Certificate aggregate Principal Balance of the Additional Collateral Mortgage Loans;
(xiv) the Group I and Group II Excess Cash Flow, if any, for such Distribution Date and the aggregate amount of Group I and Group II Excess Cash Flow distributed on such Distribution Date and all prior Distribution Dates;
(xv) the Class Principal Balance of each Class of Certificates after giving effect to the distributions to each Class distribution on such Distribution Date; and
(xivxvi) if such Distribution Date is a Pre-Funding Distribution Date, the amount transferred to the Distribution Account from the Pre-Funding Account. The Trustee's responsibility for distributing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information received from the Servicer. Notwithstanding the foregoing, the Trustee may make the statements described above available to Certificateholders by way of the Trustee's internet website and its fax-on-demand service. The Trustee's fax-on-demand service shall be accessible by calling (000) 000-0000. The Trustee's internet website shall be located initially at "xxx.xxxxxxx.xxx". The Trustee shall provide assistance in using its website or its fax-on-demand service through its customer service desk, which shall be accessible by calling (301) 815-6600. Any Certificateholder that is unable to use either such website or such fax-on-demand service, and so informs the Trustee's customer service desk by telephone, shall be entitled to receive paper copies of such statements via first class mail. The Trustee shall have the right to alter the manner in which such statements are distributed to Certificateholders to make such distribution more convenient and/or to improve access to such statements; provided that the Trustee shall provide the Certificateholders with timely and adequate notification of any Compensating Interest Shortfalls on such Distribution Datechange in manner of distribution.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)
Statements to the Certificateholders. (a) Not later than ------------------------------------ 12:00 noon California time on the second third Business Day prior to each Distribution Date, the Master Servicer shall send deliver to the Trustee and the Paying Agent for mailing by the Trustee to each holder of the related Class of Certificates, each Rating Agency, the Certificate Insurer and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, and each Rating Agency Surety a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates Certificates, the amount of such distribution to Holders of such Class allocable to principal. Such statement shall separately identify, in the aggregate and not on a Class by Class basis, the aggregate amount of any Principal Prepayments, Net Liquidation Proceeds and Repurchase Proceeds included in the distribution to all Classes;
(ii) with respect to each Class of Certificates Certificates, the amount of such distribution to Holders of such Class allocable to interest, identifying those cases in which the applicable Pass-Through Rate was based on the Alternate Certificate Rate and, to the extent information is reasonably available to the Master Servicer on such Determination Date, indicating the Pass-Through Rate applicable to each Class of Certificates for the next Distribution Date;
(iii) the aggregate amount amounts (stated separately) of any Principal Prepayments Class A Interest Shortfall and Repurchase Proceeds included in Class B Interest Shortfall for such Distribution Date and the distributions to Certificateholdersamounts (stated separately) of Class A Unpaid Interest Shortfall and Class B Unpaid Interest Shortfall;
(iv) the aggregate amount, if any, by which the sum of the Formula Principal Distribution Amount and the Unrecovered Principal Amounts for such Distribution Date exceeds the amount distributed on account of principal to the related Certificateholders on such Distribution Date;
(v) the amount of any Advances by the Master Servicer and by the Trustee pursuant to Section 6.03;
(v) 6.03 and the number amount of Outstanding delinquencies of Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of during the related Principal Prepayment Due Period;
(vi) the amount to be paid to the Certificate Insurer pursuant to Section 6.01(a) (the information required by this clause (vi) shall not be included in the statement to Certificateholders);
(vii) the Pool Principal Balance, after giving effect to the Formula Principal Distribution Amount and the Unrecovered Principal Amounts for such Distribution Date;
(viii) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Certificate Account by the Master Servicer and the amount of additional servicing compensation received by the Master Servicer attributable to penalties, fees and other items;
(ix) the amount of Servicing Advances paid by the Master Servicer and any Sub-Servicer;
(viix) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, Payment and (2) two Monthly Payments and Payments, (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
(viiixi) the number and book value (within the principal balance meaning of Mortgage Loans with respect to 12 C.F.R. Section 571.13 or comparable provision) of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ixxii) the aggregate amount of Aggregate Net Principal Liquidation Losses for Mortgage Loans that became Liquidated Mortgage Loans during the related Principal Prepayment Period;
(xiii) all Advances recovered during the related Due Principal Prepayment Period;
(xxiv) with respect the amount, if any, distributed to the following holders of Certificates from the Reserve Fund on such Distribution Date and the amount, if any, in the Reserve Fund after giving effect to such distribution;
(xv) the Distribution Account Shortfall, if any, and the Required Surety Payment, if any, for such Distribution Date, ;
(xvi) the Class A Percentage, aggregate Principal Balance of the Class M Percentage, the Class B Percentage, Additional Collateral Mortgage Loans;
(xvii) the Class A Principal Balance, the Class M Principal Balance, Balance and the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates after giving effect to the distributions to each Class distribution on such Distribution Date; and
(xivxviii) the amount of any Compensating Interest Shortfalls Class B Loss Amount for such Distribution Date. Not later than two Business Days prior to each Distribution Date, the Master Servicer shall deliver to the Paying Agent a statement, and on the following Distribution Date the Paying Agent shall also send to the Class R Certificateholders, the Company, the Trustee (if other than the Paying Agent), the Certificate Insurer, the Surety and the Rating Agency such statement, setting forth the amount, if any, distributed to such Holders on such Distribution Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MLCC Mortgage Investors Inc)
Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, trustee and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal, including the amounts distributed pursuant to Section 6.01(b)(i)(O);
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interestinterest and the amount of interest accrued on the Class A-11 Certificates but not paid;
(iii) the aggregate amount of any Principal Prepayments and Repurchase Proceeds included in the distributions to Certificateholders;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class Class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates after giving effect to the distributions to each Class on such Distribution Date; and
(xiv) with respect to each Class of Certificates, the amount of any Compensating Interest Shortfalls on such Distribution Date. The Paying Agent's responsibility for sending the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. Upon reasonable advance notice in writing if required by federal regulation, the Servicer will provide to each Certificateholder which is a savings and loan association, bank or insurance company certain reports and access during business hours to information and documentation regarding the Mortgage Loans sufficient to permit such Certificateholder to comply with applicable regulations of regulatory authorities with respect to investment in the Certificates; provided, that the Servicer shall be entitled to be reimbursed by each such Certificateholder for the Servicer's actual expenses incurred in providing such reports and access.
(b) The Servicer shall cause to be prepared, and the Servicer or the Trustee, as required by applicable law, shall file, any and all tax returns, information statements or other filings required to be delivered to Certificateholders and any governmental taxing authority pursuant to any applicable law with respect to the Trust Fund and the transactions contemplated hereby (the Servicer or the Trustee may, at its option but with the consent of the other, which consent shall not be unreasonably withheld, appoint an organization which regularly engages in the preparation and filing of such documents on a continuous basis for profit and which represents itself to be expert in such matters) and the Servicer shall maintain a record of the information necessary for the application of Section 860E(e) of the Code and shall make such information available as required by Section 860D(a)(6) of the Code; provided, however, that the Servicer shall notify the Trustee of the Trustee's obligation to make any such filings and that any fees of the organization appointed as provided above shall be paid by the Servicer; and provided further that if an organization is employed, as described above, to prepare and file any such filings, neither the Trustee nor the Servicer shall be liable for any errors by such organization.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class and Component of Certificates the amount of such distribution to Holders of such Class allocable to principal, including the amounts distributed pursuant to Section 6.01(b)(i)(P);
(ii) with respect to each Class and Component of Certificates the amount of such distribution to Holders of such Class allocable to interest, including the amounts distributed pursuant to Section 6.01(b)(i)(P);
(iii) the aggregate amount of any Principal Prepayments and Repurchase Proceeds included in the distributions to Certificateholders;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class and Component of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class and Component of Certificates after giving effect to the distributions to each Class on such Distribution Date; and
(xiv) the amount of any Compensating Interest Shortfalls on such Distribution Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
Statements to the Certificateholders. (a) Not later than the earlier of (i) three Business Days after the Determination Date and (ii) the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee (in such format as may be mutually agreed) the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall make available on its website located at hxxxx://xxx.xxxxxxxx.xxx or upon request shall send to each any Certificateholder, the Depositor, the Trustee (if other than the Paying Agent)Trustee, the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) the aggregate amount of any Principal Prepayments and Prepayments, Repurchase Proceeds or other unscheduled recoveries included in the distributions to Certificateholders, in each case both in the aggregate and by Mortgage Group;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03, both in the aggregate and by Mortgage Group;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance Balances as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (calculated using the Mortgage Bankers Association (MBA) method) (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and Payments, (B) in foreclosureforeclosure and (C) in bankruptcy, in each case, as of the end of the related Principal Prepayment Periodclose of business on the first day of the calendar month of such Distribution Date;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class 1-A Percentage, the Class 2-A Percentage, the Class 3-A Percentage, the Class M Percentage, the Class B B-1 Percentage, the Class B-2 Percentage, the Class B-3 Percentage, the Class B-4 Percentage, the Class B-5 Percentage, the Class A Principal Balance, the Class 1-A Principal Balance, the Class 2-A Principal Balance, the Class 3-A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, the Class 1-A Prepayment Percentage, the Class 2-A Prepayment Percentage, the Class 3-A Prepayment Percentage and the level of Credit Support, if any, with respect to each class Class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates Certificate of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates immediately prior to and after giving effect to the distributions to each Class on such Distribution Date;
(xiv) with respect to each Class of Certificates, any amounts of Compensating Interest Shortfalls and reductions relating to the Relief Act on such Distribution Date;
(xv) the number of Mortgage Loans with respect to which a reduction in the Mortgage Rate has occurred pursuant to the Relief Act, as well as the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions; both in the aggregate and for each Class of Certificates;
(xvi) updated pool composition information such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amounts;
(xvii) if applicable, any material changes to methodology regarding calculations of delinquencies and charge-offs;
(xviii) any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time;
(xix) material breaches of pool asset representations or warranties or transaction covenants;
(xx) information on ratio, coverage or other test used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met;
(xxi) if applicable, information regarding any new issuance of asset-backed securities backed by the same asset pool, any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable; and
(xivxxii) any material changes in the amount solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets. The Paying Agent’s responsibility for sending the above information to the Certificateholders is limited to the availability, timeliness and accuracy of any Compensating Interest Shortfalls on the information derived from the Servicer which shall be provided as required in this Section 6.02(a). Upon reasonable advance notice in writing if required by federal regulation, the Servicer will provide to each Certificateholder which is a savings and loan association, bank or insurance company certain reports and access during business hours to information and documentation regarding the Mortgage Loans sufficient to permit such Distribution DateCertificateholder to comply with applicable regulations of regulatory authorities with respect to investment in the Certificates; provided, that the Servicer shall be entitled to be reimbursed by each such Certificateholder for the Servicer’s actual expenses incurred in providing such reports and access.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Trust Series 2007-A3)
Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not No later than each Distribution Date, the Trustee shall prepare, based on information furnished by the Master Servicer, and the Paying Agent shall send mail to each Certificateholderholder of the related Class of Certificates, each Rating Agency, the Depositor, Certificate Insurer and the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, and each Rating Agency Surety a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates Certificates, the amount of such distribution to Holders of such Class allocable to principal. Such statement shall separately identify, in the aggregate and not on a Class by Class basis, the aggregate amount of any Principal Prepayments, Net Liquidation Proceeds and Repurchase Proceeds included in the distribution to all Classes;
(ii) with respect to each Class of Certificates Certificates, the amount of such distribution to Holders of such Class allocable to interest, identifying those cases in which the applicable Pass-Through Rate was based on the Alternate Certificate Rate;
(iii) the aggregate amount amounts (stated separately) of any Principal Prepayments Class A Interest Shortfall and Repurchase Proceeds included in Class B Interest Shortfall for such Distribution Date and the distributions to Certificateholdersamounts (stated separately) of Class A Unpaid Interest Shortfall and Class B Unpaid Interest Shortfall;
(iv) the aggregate amount of any Monthly Advances by the Master Servicer or by the Trustee pursuant to Section 6.036.03 and the amount of delinquencies of Mortgage Loans during the related Due Period;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of Balance, after giving effect to the close of business as of the end of the related Principal Prepayment PeriodDistribution Amount and any Realized Losses for such Distribution Date;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Master Servicer and the amount of additional servicing compensation received by the Master Servicer attributable to penalties, fees and other items;
(vii) the amount of any Servicing Advances paid by the Master Servicer;
(viiviii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, Payment and (2) two Monthly Payments and Payments, (3) three or more Monthly Payments and Payments, (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
foreclosure and (viiiC) the number and the principal balance of Mortgage Loans with respect to any that constitute real estate owned that was acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during Serious Delinquencies and the related Due PeriodFloor Amount with respect to such Distribution Date;
(x) with respect the book value (within the meaning of 12 C.F.R.ss.571.13 or comparable provision) of any REO Property (but only to the following Distribution Date, extent such information is reported by the Class A Percentage, Master Servicer to the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class of Subordinated CertificatesPaying Agent);
(xi) the aggregate amount of Realized Aggregate Net Principal Liquidation Losses for Mortgage Loans that became Liquidated Mortgage Loans during the related Due Period and the aggregate amount of Realized Losses since the Cut-off DatePrincipal Prepayment Period;
(xii) the allocation to each Class of Certificates of any Realized Losses all Monthly Advances recovered during the related Due PeriodPrincipal Prepayment Period (but only to the extent such information is aggregated and reported by the Master Servicer to the Paying Agent);
(xiii) the Outstanding Certificate Required Payment, if any, the Preference Amount, if any, and the Required Surety Payment, if any, for such Distribution Date;
(xiv) the aggregate Principal Balance of each the Additional Collateral Mortgage Loans;
(xv) the Excess Cash Flow Principal Amount, if any, for such Distribution Date and the aggregate amount of Excess Cash Flow Principal Amounts distributed on such Distribution Date and all prior Distribution Dates;
(xvi) the Class of Certificates A Principal Balance and the Class B Principal Balance after giving effect to the distributions to each Class distribution on such Distribution Date; and
(xivxvii) the Class B Loss Amount for such Distribution Date and the aggregate amount of any Compensating Interest Shortfalls on previously undistributed Class B Loss Amounts. The Paying Agent's and Trustee's responsibility for distributing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information received from the Master Servicer. Notwithstanding the foregoing, the Trustee may make the statements described above available to Certificateholders by way of the Trustee's internet website and its fax-on-demand service. The Trustee's fax-on-demand service shall be accessible by calling (301) 815-6610. The Trustee's internet website shall be located initixxxx xx "xxx.xtslink.com". The Trustee shall provide assistance in using its wxxxxxx xx xxx xax-on-demand service through its customer service desk, which shall be accessible by calling (301) 815-6600. Any Certificateholder that is unable to use either such Distribution Datewebsite or such fax-on-demand service, and so informs the Trustee's customer service desk by telephone, shall be entitled to receive paper copies of such statements via first class mail. The Trustee shall have the right to alter the manner in which such statements are distributed to Certificateholders to make such distribution more convenient and/or to improve access to such statements; provided that the Trustee shall provide the Certificateholders with timely and adequate notification of any such change in manner of distribution.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Sequoia Mort Trust 4 Mort Loan Asset Back Pass-Through Cert)
Statements to the Certificateholders. (a) Not later than the earlier of (i) three Business Days after the Determination Date and (ii) the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee (in such format as may be mutually agreed) the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall make available on its website located at hxxxx://xxx.xxxxxxxx.xxx or upon request shall send to each any Certificateholder, the Depositor, the Trustee (if other than the Paying Agent)Trustee, the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) the aggregate amount of any Principal Prepayments and Prepayments, Repurchase Proceeds or other unscheduled recoveries included in the distributions to Certificateholders, in each case both in the aggregate and by Pool;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03, both in the aggregate and by Pool;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (calculated using the Mortgage Bankers Association (MBA) method) (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and Payments, (B) in foreclosureforeclosure and (C) in bankruptcy, in each case, as of the end of the related Principal Prepayment Periodclose of business on the first day of the calendar month of such Distribution Date;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, the Non-PO Class 1-A Percentage, the Non-PO Class 2-A Percentage, the Non-PO Class 1-A Prepayment Percentage, the Non-PO Class 2-A Prepayment Percentage, the Non-PO Class 1-A Principal Balance, the Non-PO Class 2-A Principal Balance and the level of Credit Support, if any, with respect to each class Class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates Certificate of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates immediately prior to and after giving effect to the distributions to each Class on such Distribution Date;
(xiv) with respect to each Class of Certificates, any amounts of Compensating Interest Shortfalls and reductions relating to the Relief Act on such Distribution Date;
(xv) the number of Mortgage Loans with respect to which a reduction in the Mortgage Rate has occurred pursuant to the Relief Act, as well as the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions; both in the aggregate and for each Class of Certificates;
(xvi) updated pool composition information such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amounts;
(xvii) if applicable, any material changes to methodology regarding calculations of delinquencies and charge-offs;
(xviii) any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time;
(xix) material breaches of pool asset representations or warranties or transaction covenants;
(xx) information on ratio, coverage or other test used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met;
(xxi) [Reserved.];
(xxii) [Reserved.];
(xxiii) if applicable, information regarding any new issuance of asset-backed securities backed by the same asset pool, any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable; and
(xivxxiv) any material changes in the amount solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets. The Paying Agent’s responsibility for sending the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer which shall be provided as required in this Section 6.02(a). Upon reasonable advance notice in writing if required by federal regulation, the Servicer will provide to each Certificateholder which is a savings and loan association, bank or insurance company certain reports and access during business hours to information and documentation regarding the Mortgage Loans sufficient to permit such Certificateholder to comply with applicable regulations of regulatory authorities with respect to investment in the Certificates; provided, that the Servicer shall be entitled to be reimbursed by each such Certificateholder for the Servicer’s actual expenses incurred in providing such reports and access.
(b) The Servicer shall cause to be prepared, and the Servicer or the Trustee, as required by applicable law, shall file, any Compensating Interest Shortfalls and all tax returns, information statements or other filings required to be delivered to Certificateholders and any governmental taxing authority pursuant to any applicable law with respect to the Trust Fund and the transactions contemplated hereby (the Servicer or the Trustee may, at its option but with the consent of the other, which consent shall not be unreasonably withheld, appoint an organization which regularly engages in the preparation and filing of such documents on a continuous basis for profit and which represents itself to be expert in such Distribution Datematters) and the Servicer shall maintain a record of the information necessary for the application of Section 860E(e) of the Code and shall make such information available as required by Section 860D(a)(6) of the Code; provided, however, that the Servicer shall notify the Trustee of the Trustee’s obligation to make any such filings and that any fees of the organization appointed as provided above shall be paid by the Servicer; and provided further that if an organization is employed, as described above, to prepare and file any such filings, neither the Trustee nor the Servicer shall be liable for any errors by such organization.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Trust Series 2007-S6)
Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class and Component of Certificates the amount of such distribution to Holders of such Class allocable to principal, including the amounts distributed pursuant to Section 6.01(b)(i)(L);
(ii) with respect to each Class and Component of Certificates the amount of such distribution to Holders of such Class allocable to interest, including the amounts distributed pursuant to Section 6.01(b)(i)(L);
(iii) the aggregate amount of any Principal Prepayments and Repurchase Proceeds included in the distributions to Certificateholders;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class Class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class and Component of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class and Component of Certificates after giving effect to the distributions to each Class on such Distribution Date; and
(xiv) the amount of any Compensating Interest Shortfalls on such Distribution Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
Statements to the Certificateholders. (a) Not later than the earlier of (i) three Business Days after the Determination Date and (ii) the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee (in such format as may be mutually agreed) the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall make available on its website located at wxx.xxxxxxxx.xxx/xxx or upon request shall send to each any Certificateholder, the Depositor, the Trustee (if other than the Paying Agent)Trustee, the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) for each Mortgage Pool, the aggregate amount of any Principal Prepayments and Prepayments, Repurchase Proceeds or other unscheduled recoveries included in the distributions to Certificateholders, in each case both in the aggregate and by Pool;
(iv) for each Mortgage Pool, the aggregate amount of any Advances by the Servicer pursuant to Section 6.03, both in the aggregate and by Pool;
(v) the number of Outstanding Mortgage Loans in each Mortgage Pool and the Mortgage Pool Principal Balance Balances of each of Mortgage Pool I and Mortgage Pool II as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) for each Mortgage Pool, the number and aggregate principal amounts of Mortgage Loans (A) delinquent (calculated using the Mortgage Bankers Association (MBA) method) (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and Payments, (B) in foreclosureforeclosure and (C) in bankruptcy, in each case, as of the end of the related Principal Prepayment Periodclose of business on the first day of the calendar month of such Distribution Date;
(viii) for each Mortgage Pool, the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) for each Mortgage Pool, the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class I-A Percentage, the Class II-A Percentage, the Class I-M Percentage, the Class B II-M Percentage, the Class I-B1 Percentage, the Class II-B1 Percentage, the Class I-B2 Percentage, the Class II-B2 Percentage, the Class I-B3 Percentage, the Class II-B3 Percentage, the Class I-B4 Percentage, the Class II-B4 Percentage, the Class I-B5 Percentage, the Class II-B5 Percentage, the Class I-A Principal Balance, the Class II-A Principal Balance, the Class I-M Principal Balance, the Class II-M Principal Balance, the Class I-B Principal Balance, the NonClass I-PO B Principal Balance, the Class I-A Prepayment Percentage, the Class II-A Prepayment Percentage, the Class 1-A Percentage, the NonClass 2-PO A Percentage, the Class 3-A Percentage, the Class 4-A Percentage, the Class 5-A Percentage, the Class 6-A Percentage, the Class 7-A Percentage, the Class I-A Prepayment Percentage, the Class II-A Prepayment Percentage, the Class 1-A Prepayment Percentage, the Class 2-A Prepayment Percentage, the Class 3-A Prepayment Percentage, the Class 4-A Prepayment Percentage, the Class 5-A Prepayment Percentage, the Class 6-A Prepayment Percentage, the Class 7-A Prepayment Percentage, the Class 1-A Principal Balance, the Class 2-A Principal Balance, the Class 3-A Principal Balance, the Class 4-A Principal Balance, the Class 5-A Principal Balance, the Class 6-A Principal Balance, the Class 7-A Principal Balance and the level of Pool I Credit Support or Pool II Credit Support, as applicable, if any, with respect to each class Class of Subordinated Certificates;
(xi) for each Mortgage Pool, the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates Certificate of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates immediately prior to and after giving effect to the distributions to each Class on such Distribution Date;
(xiv) with respect to each Class of Certificates, any amounts of Compensating Interest Shortfalls and reductions relating to the Relief Act on such Distribution Date;
(xv) for each Mortgage Pool, the number of Mortgage Loans with respect to which a reduction in the Mortgage Rate has occurred pursuant to the Relief Act, as well as the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions; both in the aggregate and for each Class of Certificates;
(xvi) for each Mortgage Pool, updated pool composition information such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amounts;
(xvii) for each Mortgage Pool, if applicable, any material changes to methodology regarding calculations of delinquencies and charge-offs;
(xviii) for each Mortgage Pool, any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time;
(xix) for each Mortgage Pool, material breaches of pool asset representations or warranties or transaction covenants;
(xx) for each Mortgage Pool, information on ratio, coverage or other test used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met;
(xxi) for each Mortgage Pool, if applicable, information regarding any new issuance of asset-backed securities backed by the same asset pool, any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable; and
(xivxxii) for each Mortgage Pool, any material changes in the amount solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets. The Paying Agent’s responsibility for sending the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer which shall be provided as required in this Section 6.02(a). Upon reasonable advance notice in writing if required by federal regulation, the Servicer will provide to each Certificateholder which is a savings and loan association, bank or insurance company certain reports and access during business hours to information and documentation regarding the Mortgage Loans sufficient to permit such Certificateholder to comply with applicable regulations of regulatory authorities with respect to investment in the Certificates; provided, that the Servicer shall be entitled to be reimbursed by each such Certificateholder for the Servicer’s actual expenses incurred in providing such reports and access.
(b) The Servicer shall cause to be prepared, and the Servicer or the Trustee, as required by applicable law, shall file, any Compensating Interest Shortfalls and all tax returns, information statements or other filings required to be delivered to Certificateholders and any governmental taxing authority pursuant to any applicable law with respect to the Trust Fund and the transactions contemplated hereby (the Servicer or the Trustee may, at its option but with the consent of the other, which consent shall not be unreasonably withheld, appoint an organization which regularly engages in the preparation and filing of such documents on a continuous basis for profit and which represents itself to be expert in such Distribution Datematters) and the Servicer shall maintain a record of the information necessary for the application of Section 860E(e) of the Code and shall make such information available as required by Section 860D(a)(6) of the Code; provided, however, that the Servicer shall notify the Trustee of the Trustee’s obligation to make any such filings and that any fees of the organization appointed as provided above shall be paid by the Servicer; and provided further that if an organization is employed, as described above, to prepare and file any such filings, neither the Trustee nor the Servicer shall be liable for any errors by such organization.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Trust Series 2007-A2)
Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, trustee and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal, including the amounts distributed pursuant to Section 6.01(b)(i)(G);
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interestinterest and the amount of interest accrued on the Class A-3 Certificates but not paid;
(iii) the aggregate amount of any Principal Prepayments and Repurchase Proceeds included in the distributions to Certificateholders;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class Class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates after giving effect to the distributions to each Class on such Distribution Date; and
(xiv) with respect to each Class of Certificates, the amount of any Compensating Interest Shortfalls on such Distribution Date. The Paying Agent's responsibility for sending the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. Upon reasonable advance notice in writing if required by federal regulation, the Servicer will provide to each Certificateholder which is a savings and loan association, bank or insurance company certain reports and access during business hours to information and documentation regarding the Mortgage Loans sufficient to permit such Certificateholder to comply with applicable regulations of regulatory authorities with respect to investment in the Certificates; provided, that the Servicer shall be entitled to be reimbursed by each such Certificateholder for the Servicer's actual expenses incurred in providing such reports and access.
(b) The Servicer shall cause to be prepared, and the Servicer or the Trustee, as required by applicable law, shall file, any and all tax returns, information statements or other filings required to be delivered to Certificateholders and any governmental taxing authority pursuant to any applicable law with respect to the Trust Fund and the transactions contemplated hereby (the Servicer or the Trustee may, at its option but with the consent of the other, which consent shall not be unreasonably
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
Statements to the Certificateholders. (a) Not later than the earlier of (i) three Business Days after the Determination Date and (ii) the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee (in such format as may be mutually agreed) the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall make available on its website located at wxx.xxxxxxxx.xxx/xxx or upon request shall send to each any Certificateholder, the Depositor, the Trustee (if other than the Paying Agent)Trustee, the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) the aggregate amount of any Principal Prepayments and Prepayments, Repurchase Proceeds or other unscheduled recoveries included in the distributions to Certificateholders, in each case both in the aggregate and by Pool;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03, both in the aggregate and by Pool;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (calculated using the Mortgage Bankers Association (MBA) method) (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and Payments, (B) in foreclosureforeclosure and (C) in bankruptcy, in each case, as of the end of the related Principal Prepayment Periodclose of business on the first day of the calendar month of such Distribution Date;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, the Non-PO Class 1-A Percentage, the Non-PO Class 2-A Percentage, the Non-PO Class 1-A Prepayment Percentage, the Non-PO Class 2-A Prepayment Percentage, the Non-PO Class 1-A Principal Balance, the Non-PO Class 2-A Principal Balance and the level of Credit Support, if any, with respect to each class Class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates Certificate of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates immediately prior to and after giving effect to the distributions to each Class on such Distribution Date;
(xiv) with respect to each Class of Certificates, any amounts of Compensating Interest Shortfalls and reductions relating to the Relief Act on such Distribution Date;
(xv) the number of Mortgage Loans with respect to which a reduction in the Mortgage Rate has occurred pursuant to the Relief Act, as well as the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions; both in the aggregate and for each Class of Certificates;
(xvi) updated pool composition information such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amounts;
(xvii) if applicable, any material changes to methodology regarding calculations of delinquencies and charge-offs;
(xviii) any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time;
(xix) material breaches of pool asset representations or warranties or transaction covenants;
(xx) information on ratio, coverage or other test used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met;
(xxi) as of each Distribution Date, the amount, if any, received pursuant to each Yield Maintenance Agreement and the amount thereof to be paid to each Class of Certificates;
(xxii) as of each Distribution Date, the amount in the Reserve Fund;
(xxiii) if applicable, information regarding any new issuance of asset-backed securities backed by the same asset pool, any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable; and
(xivxxiv) any material changes in the amount solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets. The Paying Agent’s responsibility for sending the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer which shall be provided as required in this Section 6.02(a). Upon reasonable advance notice in writing if required by federal regulation, the Servicer will provide to each Certificateholder which is a savings and loan association, bank or insurance company certain reports and access during business hours to information and documentation regarding the Mortgage Loans sufficient to permit such Certificateholder to comply with applicable regulations of regulatory authorities with respect to investment in the Certificates; provided, that the Servicer shall be entitled to be reimbursed by each such Certificateholder for the Servicer’s actual expenses incurred in providing such reports and access.
(b) The Servicer shall cause to be prepared, and the Servicer or the Trustee, as required by applicable law, shall file, any Compensating Interest Shortfalls and all tax returns, information statements or other filings required to be delivered to Certificateholders and any governmental taxing authority pursuant to any applicable law with respect to the Trust Fund and the transactions contemplated hereby (the Servicer or the Trustee may, at its option but with the consent of the other, which consent shall not be unreasonably withheld, appoint an organization which regularly engages in the preparation and filing of such documents on a continuous basis for profit and which represents itself to be expert in such Distribution Datematters) and the Servicer shall maintain a record of the information necessary for the application of Section 860E(e) of the Code and shall make such information available as required by Section 860D(a)(6) of the Code; provided, however, that the Servicer shall notify the Trustee of the Trustee’s obligation to make any such filings and that any fees of the organization appointed as provided above shall be paid by the Servicer; and provided further that if an organization is employed, as described above, to prepare and file any such filings, neither the Trustee nor the Servicer shall be liable for any errors by such organization.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ChaseFlex Trust Series 2007-1)
Statements to the Certificateholders. (a) Not later than the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, Financial Security and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) the aggregate amount of any Principal Prepayments and Repurchase Proceeds included in the distributions to Certificateholders;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class Class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates after giving effect to the distributions to each Class on such Distribution Date; and;
(xiv) with respect to each Class of Certificates, the amount of any Compensating Interest Shortfalls on such Distribution Date;
(xv) the balance of the Class A-3 Reserve Fund and the FSA Reserve Account on such Distribution Date; and
(xvi) any deposits, gains or losses to the FSA Reserve Account in accordance with Section 6.09(n).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
Statements to the Certificateholders. (a) Not later than the earlier of (i) three Business Days after the Determination Date and (ii) the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee (in such format as may be mutually agreed) the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall make available on its website located at hxxxx://xxx.xxxxxxxx.xxx or upon request shall send to each any Certificateholder, the Depositor, the Trustee (if other than the Paying Agent)Trustee, the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) the aggregate amount of any Principal Prepayments and Prepayments, Repurchase Proceeds or other unscheduled recoveries included in the distributions to Certificateholders, in each case both in the aggregate and by Pool;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03, both in the aggregate and by Pool;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (calculated using the Mortgage Bankers Association (MBA) method) (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and Payments, (B) in foreclosureforeclosure and (C) in bankruptcy, in each case, as of the end of the related Principal Prepayment Periodclose of business on the first day of the calendar month of such Distribution Date;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, the Non-PO Class 1-A Percentage, the Non-PO Class 2-A Percentage, the Non-PO Class 1-A Prepayment Percentage, the Non-PO Class 2-A Prepayment Percentage, the Non-PO Class 1-A Principal Balance, the Non-PO Class 2-A Principal Balance and the level of Credit Support, if any, with respect to each class Class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates Certificate of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates immediately prior to and after giving effect to the distributions to each Class on such Distribution Date;
(xiv) with respect to each Class of Certificates, any amounts of Compensating Interest Shortfalls and reductions relating to the Relief Act on such Distribution Date;
(xv) the number of Mortgage Loans with respect to which a reduction in the Mortgage Rate has occurred pursuant to the Relief Act, as well as the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions; both in the aggregate and for each Class of Certificates;
(xvi) updated pool composition information such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amounts;
(xvii) if applicable, any material changes to methodology regarding calculations of delinquencies and charge-offs;
(xviii) any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time;
(xix) material breaches of pool asset representations or warranties or transaction covenants;
(xx) information on ratio, coverage or other test used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met;
(xxi) as of each Distribution Date, the amount, if any, received pursuant to each Yield Maintenance Agreement and the amount thereof to be paid to each Class of Certificates;
(xxii) as of each Distribution Date, the amount in the Reserve Fund;
(xxiii) if applicable, information regarding any new issuance of asset-backed securities backed by the same asset pool, any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable; and
(xivxxiv) any material changes in the amount solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets. The Paying Agent’s responsibility for sending the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer which shall be provided as required in this Section 6.02(a). Upon reasonable advance notice in writing if required by federal regulation, the Servicer will provide to each Certificateholder which is a savings and loan association, bank or insurance company certain reports and access during business hours to information and documentation regarding the Mortgage Loans sufficient to permit such Certificateholder to comply with applicable regulations of regulatory authorities with respect to investment in the Certificates; provided, that the Servicer shall be entitled to be reimbursed by each such Certificateholder for the Servicer’s actual expenses incurred in providing such reports and access.
(b) The Servicer shall cause to be prepared, and the Servicer or the Trustee, as required by applicable law, shall file, any Compensating Interest Shortfalls and all tax returns, information statements or other filings required to be delivered to Certificateholders and any governmental taxing authority pursuant to any applicable law with respect to the Trust Fund and the transactions contemplated hereby (the Servicer or the Trustee may, at its option but with the consent of the other, which consent shall not be unreasonably withheld, appoint an organization which regularly engages in the preparation and filing of such documents on a continuous basis for profit and which represents itself to be expert in such Distribution Datematters) and the Servicer shall maintain a record of the information necessary for the application of Section 860E(e) of the Code and shall make such information available as required by Section 860D(a)(6) of the Code; provided, however, that the Servicer shall notify the Trustee of the Trustee’s obligation to make any such filings and that any fees of the organization appointed as provided above shall be paid by the Servicer; and provided further that if an organization is employed, as described above, to prepare and file any such filings, neither the Trustee nor the Servicer shall be liable for any errors by such organization.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Trust Series 2007-S5)
Statements to the Certificateholders. (a) Not later than ------------------------------------ 12:00 noon California time on the second third Business Day prior to each Distribution Date, the Master Servicer shall send deliver to the Trustee and the Paying Agent for mailing by the Trustee to each holder of the related Class of Certificates, each Rating Agency, the Certificate Insurer and the Trustee the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall send to each Certificateholder, the Depositor, the Trustee (if other than the Paying Agent), the Servicer, any co-trustee, and each Rating Agency Surety a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates Certificates, the amount of such distribution to Holders of such Class allocable to principal. Such statement shall separately identify, in the aggregate and not on a Class by Class basis, the aggregate amount of any Principal Prepayments, Net Liquidation Proceeds and Repurchase Proceeds included in the distribution to all Classes;
(ii) with respect to each Class of Certificates Certificates, the amount of such distribution to Holders of such Class allocable to interest, identifying those cases in which the applicable Pass-Through Rate was based on the Alternate Certificate Rate;
(iii) the aggregate amount amounts (stated separately) of any Principal Prepayments Class A Interest Shortfall and Repurchase Proceeds included in Class B Interest Shortfall for such Distribution Date and the distributions to Certificateholdersamounts (stated separately) of Class A Unpaid Interest Shortfall and Class B Unpaid Interest Shortfall;
(iv) the aggregate amount, if any, by which the sum of the Formula Principal Distribution Amount and the Unrecovered Principal Amounts for such Distribution Date exceeds the amount distributed on account of principal to the related Certificateholders on such Distribution Date;
(v) the amount of any Advances by the Master Servicer and by the Trustee pursuant to Section 6.03;
(v) 6.03 and the number amount of Outstanding delinquencies of Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of during the related Principal Prepayment Due Period;
(vi) the amount to be paid to the Certificate Insurer pursuant to Section 6.01(a) (the information required by this clause (vi) shall not be included in the statement to Certificateholders);
(vii) the Pool Principal Balance, after giving effect to the Formula Principal Distribution Amount and the Unrecovered Principal Amounts for such Distribution Date;
(viii) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Certificate Account by the Master Servicer and the amount of additional servicing compensation received by the Master Servicer attributable to penalties, fees and other items;
(ix) the amount of Servicing Advances paid by the Master Servicer and any Sub-Servicer;
(viix) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, Payment and (2) two Monthly Payments and Payments, (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;
(viiixi) the number and book value (within the principal balance meaning of Mortgage Loans with respect to 12 C.F.R. Section 571.13 or comparable provision) of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ixxii) the aggregate amount of Aggregate Net Principal Liquidation Losses for Mortgage Loans that became Liquidated Mortgage Loans during the related Principal Prepayment Period;
(xiii) all Advances recovered during the related Due Principal Prepayment Period;
(xxiv) with respect the amount, if any, distributed to the following holders of Certificates from the Reserve Fund on such Distribution Date and the amount, if any, in the Reserve Fund after giving effect to such distribution;
(xv) the Distribution Account Shortfall, if any, and the Required Surety Payment, if any, for such Distribution Date;
(xvi) if such Distribution Date is a Pre-Funding Distribution Date, the Class A Percentage, amount transferred to the Class M Percentage, Distribution Account from the Class B Percentage, Pre-Funding Account;
(xvii) the aggregate Principal Balance of the Additional Collateral Mortgage Loans;
(xviii) the Class A Principal Balance, the Class M Principal Balance, Balance and the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates after giving effect to the distributions to each Class distribution on such Distribution Date; and
(xivxix) the amount of any Compensating Interest Shortfalls Class B Loss Amount for such Distribution Date. Not later than two Business Days prior to each Distribution Date, the Master Servicer shall deliver to the Paying Agent a statement, and on the following Distribution Date the Paying Agent shall also send to the Class R Certificateholders, the Company, the Trustee (if other than the Paying Agent), the Certificate Insurer, the Surety and the Rating Agency such statement, setting forth the amount, if any, distributed to such Holders on such Distribution Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MLCC Mort Inv Inc Mort Loan Asst Bk Pass Thru Cert Se 1997-A)
Statements to the Certificateholders. (a) Not later than the earlier of (i) three Business Days after the Determination Date and (ii) the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee (in such format as may be mutually agreed) the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall make available on its website located at hxxxx://xxx.xxxxxxxx.xxx or upon request shall send to each any Certificateholder, the Depositor, the Trustee (if other than the Paying Agent)Trustee, the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 and 6.01A on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) for each Mortgage Pool, the aggregate amount of any Principal Prepayments and Prepayments, Repurchase Proceeds or other unscheduled recoveries included in the distributions to CertificateholdersCertificateholders (in the case of the Pool I Certificates, in the aggregate and by Subgroup);
(iv) for each Mortgage Pool, the aggregate amount of any Advances by the Servicer pursuant to Section 6.036.03 (in the case of the Pool I Certificates, in the aggregate and by Subgroup);
(v) the number of Outstanding Mortgage Loans in each of Mortgage Pool I and Mortgage Pool II, the Mortgage Pool I Principal Balance and the Mortgage Pool II Principal Balance Balance, each as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) for each Mortgage Pool, the number and aggregate principal amounts of Mortgage Loans (A) delinquent (calculated using the Mortgage Bankers Association (MBA) method) (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and Payments, (B) in foreclosureforeclosure and (C) in bankruptcy, in each case, as of the end of the related Principal Prepayment Periodclose of business on the first day of the calendar month of such Distribution Date;
(viii) for each Mortgage Pool, the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) for each Mortgage Pool, the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution DateDate and (a) Mortgage Pool I, the Class I-A Percentage, the Class I-M Percentage, the Class I-B Percentage, the Class I-A Principal Balance, the Class I-M Principal Balance, the Class I-B Principal Balance, the NonClass I-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, the Class I-A Subgroup 1 Percentage, the Class I-A Subgroup 2 Percentage, the Class I-A Subgroup 3 Percentage, the Class I-A Subgroup 1 Principal Balance, the Class I-A Subgroup 2 Principal Balance, the Class I-A Subgroup 3 Principal Balance and the level of Credit Support, if any, with respect to each class Class of Pool I Subordinated Certificates or (b) Mortgage Pool II, the Outstanding Certificate Principal Balance of each Class of Pool II Certificates;
(xi) for each Mortgage Pool, the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates immediately prior to and after giving effect to the distributions to each Class on such Distribution Date;
(xiv) with respect to each Class of Certificates, any amounts of Net Interest Shortfalls (with respect to Pool II Certificates only), Compensating Interest Shortfalls and reductions relating to the Relief Act on such Distribution Date;
(xv) for each Mortgage Pool, the number of Mortgage Loans with respect to which a reduction in the Mortgage Rate has occurred pursuant to the Relief Act, as well as the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions; both in the aggregate and for each Class of Certificates;
(xvi) for each Mortgage Pool, updated pool composition information such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amounts;
(xvii) for each Mortgage Pool, if applicable, any material changes to methodology regarding calculations of delinquencies and charge-offs;
(xviii) for each Mortgage Pool, any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time;
(xix) for each Mortgage Pool, material breaches of pool asset representations or warranties or transaction covenants;
(xx) for each Mortgage Pool, information on ratio, coverage or other test used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met;
(xxi) excess interest payments for each Class of Pool II Certificates;
(xxii) whether a Trigger Event has occurred and is in effect;
(xxiii) as of each Distribution Date, the amount, if any, paid or received by the Supplemental Interest Trust pursuant to the Swap Agreement and the amount thereof to be paid to each Class of Certificates or the Swap Counterparty, as applicable;
(xxiv) as of each Distribution Date, the Overcollateralized Amount and the Overcollateralization Target Amount;
(xxv) as of each Distribution Date, the amount on deposit in the Supplemental Interest Trust Account;
(xxvi) as of each Distribution Date, the amount, if any, received by the Supplemental Interest Trust pursuant to the Yield Maintenance Agreement and the amount thereof to be paid to each class of Certificates;
(xxvii) for each Mortgage Pool, if applicable, information regarding any new issuance of asset-backed securities backed by the same asset pool, any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable; and
(xivxxviii) for each Mortgage Pool, if applicable, any material changes in the amount solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets. The Paying Agent’s responsibility for sending the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer which shall be provided as required in this Section 6.02(a). Upon reasonable advance notice in writing if required by federal regulation, the Servicer will provide to each Certificateholder which is a savings and loan association, bank or insurance company certain reports and access during business hours to information and documentation regarding the Mortgage Loans sufficient to permit such Certificateholder to comply with applicable regulations of regulatory authorities with respect to investment in the Certificates; provided, that the Servicer shall be entitled to be reimbursed by each such Certificateholder for the Servicer’s actual expenses incurred in providing such reports and access.
(b) The Servicer shall cause to be prepared, and the Servicer or the Trustee, as required by applicable law, shall file, any Compensating Interest Shortfalls and all tax returns, information statements or other filings required to be delivered to Certificateholders and any governmental taxing authority pursuant to any applicable law with respect to the Trust Fund and the transactions contemplated hereby (the Servicer or the Trustee may, at its option but with the consent of the other, which consent shall not be unreasonably withheld, appoint an organization which regularly engages in the preparation and filing of such documents on a continuous basis for profit and which represents itself to be expert in such Distribution Datematters) and the Servicer shall maintain a record of the information necessary for the application of Section 860E(e) of the Code and shall make such information available as required by Section 860D(a)(6) of the Code; provided, however, that the Servicer shall notify the Trustee of the Trustee’s obligation to make any such filings and that any fees of the organization appointed as provided above shall be paid by the Servicer; and provided further that if an organization is employed, as described above, to prepare and file any such filings, neither the Trustee nor the Servicer shall be liable for any errors by such organization.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ChaseFlex Trust Series 2007-3)
Statements to the Certificateholders. (a) Not later than the earlier of (i) three Business Days after the Determination Date and (ii) the second Business Day prior to each Distribution Date, the Servicer shall send to the Paying Agent and the Trustee (in such format as may be mutually agreed) the relevant information for purposes of this Section 6.02. Not later than each Distribution Date, the Paying Agent shall make available on its website located at wxx.xxxxxxxx.xxx/xxx or upon request shall send to each any Certificateholder, the Depositor, the Trustee (if other than the Paying Agent)Trustee, the Servicer, any co-trustee, and each Rating Agency a statement setting forth the following information, after giving effect to the distributions to be made by the Paying Agent pursuant to Section 6.01 on or as of such Distribution Date:
(i) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to principal;
(ii) with respect to each Class of Certificates the amount of such distribution to Holders of such Class allocable to interest;
(iii) the aggregate amount of any Principal Prepayments and Prepayments, Repurchase Proceeds or other unscheduled recoveries included in the distributions to Certificateholders, in each case both in the aggregate;
(iv) the aggregate amount of any Advances by the Servicer pursuant to Section 6.03, in the aggregate;
(v) the number of Outstanding Mortgage Loans and the Mortgage Pool Principal Balance as of the close of business as of the end of the related Principal Prepayment Period;
(vi) the related amount of the Servicing Fees (as adjusted pursuant to Section 6.05) retained or withdrawn from the Collection Account by the Servicer;
(vii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (calculated using the Mortgage Bankers Association (MBA) method) (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and Payments, (B) in foreclosureforeclosure and (C) in bankruptcy, in each case, as of the end of the related Principal Prepayment Periodclose of business on the first day of the calendar month of such Distribution Date;
(viii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure;
(ix) the aggregate amount of all Advances recovered during the related Due Period;
(x) with respect to the following Distribution Date, the Class A Percentage, the Class M Percentage, the Class B Percentage, the Class A Principal Balance, the Class M Principal Balance, the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, the Non-PO Class A Percentage and the level of Credit Support, if any, with respect to each class Class of Subordinated Certificates;
(xi) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date;
(xii) the allocation to each Class of Certificates Certificate of any Realized Losses during the related Due Period;
(xiii) the Outstanding Certificate Principal Balance of each Class of Certificates immediately prior to and after giving effect to the distributions to each Class on such Distribution Date;
(xiv) with respect to each Class of Certificates, any amounts of Compensating Interest Shortfalls and reductions relating to the Relief Act on such Distribution Date;
(xv) the number of Mortgage Loans with respect to which a reduction in the Mortgage Rate has occurred pursuant to the Relief Act, as well as the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions; both in the aggregate and for each Class of Certificates;
(xvi) updated pool composition information such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amounts;
(xvii) if applicable, any material changes to methodology regarding calculations of delinquencies and charge-offs;
(xviii) any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time;
(xix) material breaches of pool asset representations or warranties or transaction covenants;
(xx) information on ratio, coverage or other test used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met;
(xxi) as of each Distribution Date, the amount, if any, received pursuant to each Yield Maintenance Agreement and the amount thereof to be paid to each Class of Certificates;
(xxii) as of each Distribution Date, the amount in the Reserve Fund;
(xxiii) if applicable, information regarding any new issuance of asset-backed securities backed by the same asset pool, any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable; and
(xivxxiv) any material changes in the amount solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets. The Paying Agent’s responsibility for sending the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer which shall be provided as required in this Section 6.02(a). Upon reasonable advance notice in writing if required by federal regulation, the Servicer will provide to each Certificateholder which is a savings and loan association, bank or insurance company certain reports and access during business hours to information and documentation regarding the Mortgage Loans sufficient to permit such Certificateholder to comply with applicable regulations of regulatory authorities with respect to investment in the Certificates; provided, that the Servicer shall be entitled to be reimbursed by each such Certificateholder for the Servicer’s actual expenses incurred in providing such reports and access.
(b) The Servicer shall cause to be prepared, and the Servicer or the Trustee, as required by applicable law, shall file, any Compensating Interest Shortfalls and all tax returns, information statements or other filings required to be delivered to Certificateholders and any governmental taxing authority pursuant to any applicable law with respect to the Trust Fund and the transactions contemplated hereby (the Servicer or the Trustee may, at its option but with the consent of the other, which consent shall not be unreasonably withheld, appoint an organization which regularly engages in the preparation and filing of such documents on a continuous basis for profit and which represents itself to be expert in such Distribution Datematters) and the Servicer shall maintain a record of the information necessary for the application of Section 860E(e) of the Code and shall make such information available as required by Section 860D(a)(6) of the Code; provided, however, that the Servicer shall notify the Trustee of the Trustee’s obligation to make any such filings and that any fees of the organization appointed as provided above shall be paid by the Servicer; and provided further that if an organization is employed, as described above, to prepare and file any such filings, neither the Trustee nor the Servicer shall be liable for any errors by such organization.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
