Common use of Statements Clause in Contracts

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than each Distribution Date, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following information: (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;

Appears in 1 contract

Sources: Trust and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2003-1)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ and forward by mail to each Holder of the Regular Certificates, a statement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period and accrued and unpaid Special Servicing Fees; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount Pool Balance at the close of Insured Payments, if any; (vii) business at the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (viii) whether the number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days past due on a Fairbanks Termination Trigger Eventcontractual basis, Wilshire Termination Trigger Event (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a GreenPoint Termination Trigger Event has occurredcontractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) the amount of the distribution with respect to each Class any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of Offered Certificates (based on a Certificate in such Mortgage Loan, the original unpaid principal amount balance and the Principal Balance of $1,000)such Mortgage Loan as of the date it became an REO Property; (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount book value of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance total number and cumulative principal balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, all REO Properties as of the close of business on of the last Business Day day of the calendar month next preceding Collection Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Offered Certificates and the Class B-3 Certificates for such Distribution Date, separately identifying the portions thereof attributable to LIBOR Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) the amount of the Trustee Fee paid; (xviii) the LIBOR Carryover Amounts distributed on such Distribution Date and the aggregate number amounts remaining after giving effect to distributions thereof on such Distribution Date; (xix) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xx) whether a Trigger Event has occurred and aggregate Stated Principal Balance is continuing, and the cumulative Realized Losses, as a percentage of such Mortgage Loansthe original Pool Balance; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution DateAvailable Funds; (xxii) the number rate at which interest accrues for each Class of Mortgagors and the Stated Principal Balances of the related Mortgages Certificates for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages Liquidation Report for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status aggregate Principal Balance of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in purchased by the name of, Servicer or on behalf Seller during the related Collection Period and indicating the Section of this Agreement requiring or allowing the Trustee, as purchase of the close of business of the last Business Day of the month next preceding the Distribution Date;each such Mortgage Loan; and (xxv) the book value aggregate Principal Balance of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all the Mortgage Loans repurchased by the Servicer (or an affiliate) during the related Collection Period in connection with Section 3.16. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the calendar month next preceding Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date; (xxvi) , the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable Trustee shall forward to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as Residual Certificateholders a copy of the close reports forwarded to the Regular Certificateholders in respect of business on such Distribution Date with such other information as the last Business Day Trustee deems necessary or appropriate. Such obligation of the related Collection Period; (xxviii) Trustee shall be deemed to have been satisfied to the number extent that substantially comparable information shall be prepared and Stated Principal Balance of all Mortgage Loans that are subject furnished to loss mitigation as Residual Certificateholders by the Trustee pursuant to any requirements of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth Code as from time to time in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Solomon Mortgage Ln Tr Ser 2002-Cb3 C-Bass MRT Ln as BCK Cer)

Statements. (a) Based solely upon the On each Distribution Date, based, as applicable, on information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than each Distribution DateMaster Servicer, the Trustee shall prepare and forward by mail to each Holder of the Regular Certificates, the Master Servicer, the Certificate Insurer and the Rating Agencies, a statement as to the distributions made on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Class A Certificates, separately identified, allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Class A Certificates allocable to interest, separately identified; (iii) the Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount as of such Distribution Date for each Class of Class A Certificates and the General Excess Available Amount for each related Loan Group for such Distribution Date; (iv) the aggregate amount of servicing compensation received by the Master Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns and, separately identified, the amount of compensation paid to the Special Servicer; (v) the aggregate amount of Advances for the related Due Period; (vi) the Pool Principal Balance and the Loan Group Balance for each Loan Group at the Close of Business at the end of the related Due Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (viii) separately stated for each Loan Group, the number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days past due on a contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the Close of Business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (x) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding due period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Class Certificate Principal Balance of each Class of Class A Certificates, after giving effect to the distributions made on such Distribution Date; (xv) the Interest Distributable Amount in respect of each Class of Class A Certificates for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the aggregate Premium Amount to be paid to the Certificate Insurer; (xviii) the Group II Available Funds Cap Carryover Amount, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Deficiency Amount after giving effect to the distribution of principal on such Distribution Date; (xx) whether the Step Down Cumulative Loss Test, Step Down Rolling Delinquency Test, Step Down Rolling Loss Test, Step Up Cumulative Loss Test, Step Up Rolling Delinquency Test, Step Up Rolling Loss Test and/or Step Up Spread Squeeze Test have been met, the cumulative realized losses with respect to each Loan Group, as a percentage of the original Loan Group Balance, the Delinquency Percentage and the Annual Loss Percentage; (xxi) the Available Funds with respect to each Loan Group; (xxii) the Pass-Through Rate for the Class A-2 Certificates for such Distribution Date; (xxiii) the Liquidation Report for such Distribution Date; (xxiv) the aggregate Principal Balance of Mortgage Loans purchased by the Master Servicer, Special Servicer or Seller during the related Due Period and indicating the Section of this Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxv) the aggregate amount representing (a) collections of Prepayment Premiums during the related Prepayment Period to be distributed to Holders of the Class P Certificates and (b) any amounts distributable as principal to such Holders, on such Distribution Date; and (xxvi) the X-1 Component Distributable Amount and X-2 Component Distributable Amount for such Distribution Date and (a) the portion thereof distributed on the current Distribution Date and the portion thereof remaining unpaid on such Distribution Date, (b) any such amount for any prior Distribution Date distributed on the current Distribution Date and (c) any such amount for any prior Distribution Date remaining unpaid after giving effect to the distributions on the current Distribution Date, separately stated. The Trustee shall forward such report concurrently with each distribution to the Certificateholders, the Certificate Insurer (at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention: Surveillance Department) and the Rating Agencies on the related Distribution Date. The Trustee may also make such reports available on its each month to each party referred to in this paragraph via the Trustee's website. The Trustee's website initially located can be accessed at ▇▇▇▇://▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ /invr. The Trustee's obligations pursuant to this Section 4.03 are limited to the Depositor, each Owner, extent of its receipt of all necessary information from the Servicers, Master Servicer. The Trustee may fully rely upon and shall have no liability with respect to information provided by the Certificate Insurer and Master Servicer. In the Rating Agencies a statement setting forth the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; through (iii) above, the Pass-Through Rate amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates the Cut-off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable furnished by the Trustee to Certificateholders pursuant to any requirements of the Certificates with respect Code as are in force from time to such time. (c) On each Distribution Date; (iv) , the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable Trustee shall forward to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount R Certificateholders a copy of the interest and principal reports forwarded to the Regular Certificateholders in respect of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent;Trustee deems necessary or appropriate. (xixd) Within a reasonable period of time after the Stated Principal Balance end of each calendar year, the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Class R Certificateholder. Such obligation of the largest Mortgage Loans outstanding; (xx) Trustee shall be deemed to have been satisfied to the number, aggregate Stated Principal Balances extent that substantially comparable information shall be prepared and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as furnished to Certificateholders by the Trustee pursuant to any requirements of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are Code as from time to time in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (United Panam Financial Corp)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ , a statement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount of Insured Payments, if any; (vii) Pool Balance and the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, Loan Group Balance for each Class Loan Group at the close of Offered Certificates and business at the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (viiivii) whether a Fairbanks Termination Trigger Eventseparately stated for each Loan Group, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredthe number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (ixviii) separately stated for each Loan Group, the amount number and aggregate unpaid principal balance of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based a) 30 to 59 days past due on a Certificate contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class bankruptcy as of the Offered Certificates (based close of business on a Certificate in the original principal amount last day of $1,000) which will be outstanding after giving effect to any payment of principal on the calendar month preceding such Distribution Date; (xiiiix) separately stated for each Loan Group, with respect to any Mortgage Loan that became an REO Property during the aggregate Pool preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of all such Mortgage Loans, Loan as of the last day of the related Collection Perioddate it became an REO Property; (xivx) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent separately stated for each Loan Group, the book value of the preceding three months any REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Offered Certificates and Class B-5 and Class B-6 Certificates for such Distribution Date, separately identifying the portions thereof attributable to Net WAC Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) any amounts to be deposited in the Reserve Account pursuant to the Cap Contract as described in Section 4.02(f) and the amount thereof to be paid to the Class M-1, Class M-2, Class M-3 or Class M-4 Certificates; (xviii) [Reserved]; (xix) the amount of the Trustee Fee paid; (xx) the Net WAC Carryover Amounts distributed on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure Liquidation Report for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the such Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because purchased by the Servicer or Seller during the related Collection Period and indicating the Section of Section 32 this Agreement requiring or allowing the purchase of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgageseach such Mortgage Loan; and e. other; (xxvii) the aggregate Principal Balance of the Mortgage Loans repurchased by the Servicer (or an affiliate) during the related Collection Period in connection with Section 3.16. Parties that are unable to use ▇▇▇.▇▇▇▇▇▇.▇▇▇ are entitled to have a paper copy mailed to them via first class mail by calling the Trustee at (651) 495-3847 and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxxic) On each Distribution Date, the number and Pool Balance with respect Trustee shall make available to each product type of all Mortgage Loans in Chapter 13 the Residual Certificateholders a copy of the United States Bankruptcy reports made available to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Residual Certificateholders by the Trustee pursuant to any requirements of the Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 as from time to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;time in force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (C-Bass Mortgage Loan Asset-Backed Certificates, Series 2005-Cb3)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Group 1 Subordinate Percentage, Group 2 Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Subgroup for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group and Loan Subgroup, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) Reserved; (x) Reserved; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components; and (xxix) the amount of the Certificate Insurer Reimbursement Amount, if any; and (xxx) the Deficiency Amount, if any, to be paid by the Certificate Insurer. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at ▇▇▇.▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Ownerand the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the Servicersamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the Rating Agencies calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement setting containing the information set forth the following information: in subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interestabove, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable Trustee shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberTrustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the DepositorTrustee, each OwnerCertificateholder, the ServicersSeller, the Certificate Insurer Master Servicer and the Rating Agencies Agency, a statement setting forth based, as applicable, on loan-level information obtained from the following informationMaster Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount on deposit of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Account Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (iixvii) the Accrued Certificate InterestInterest Distributable Amount in respect of each Class of Certificates, Interest Shortfall Carryforward Amountfor such Distribution Date and the respective portions thereof, if any, remaining unpaid following the Basis Risk Carry Forward Amount, if any, distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Principal Unpaid Interest Shortfall Amount for such Distribution Amount, Date; (xix) the Available Funds with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateLoan Group; (iiixx) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to for such Distribution Date; (ivxxi) the application aggregate Principal Balance of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to purchased hereunder by the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for Seller during the related Collection Period in Due Period, and indicating the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day relevant section of the related Collection Period; (viii) whether a Fairbanks Termination Trigger EventServicing Agreement, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount Section of this Agreement, as applicable, requiring or allowing the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, purchase of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution DateLoan; (xxii) the number amount of Mortgagors and the Stated any Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 Deficiency Amounts or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution DateAccrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Datecurrent Recoveries allocable to each Loan Group; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as cumulative Recoveries allocable to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Dateeach Loan Group; (xxv) the book value amount of any real estate acquired through foreclosure Basis Risk Shortfall or grant of a deed in lieu of foreclosure for all Mortgage Loans as of Unpaid Basis Risk Shortfall, if any, and the close of business on related accrued interest thereon, with respect to the last Business Day of the calendar month next preceding the Distribution Date;LIBOR Certificates; and (xxvi) payments made under the number of Mortgage Loans; Yield Maintenance Agreement, if any. The Securities Administrator will make the Distribution Date Statement (xxviiand, at its option, any additional files containing the same information in an alternative format) identifying available each month to Certificateholders and the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “www.ctslink.com.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (301) ▇▇▇-▇▇▇▇. ▇▇rties that are unable to use the amount of Net Liquidation Proceeds applicable above distribution option are entitled to have a paper copy mailed to them via first c▇▇▇▇ ▇▇▇▇ ▇▇ ▇alling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the unpaid principal balance from parties, and the loan); and d. Mortgage Loans purchased from Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the Trust; case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-Off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxviiic) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the On each Distribution Date; (xxix) , the number Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth shall supply an electronic tape to Loan Performance and Intex Solutions in Lending Act; (xxx) the amount of current a format acceptable to Loan Performance and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business Intex Solutions on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;a monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-10)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall or Unpaid Basis Risk Shortfall, if any, and the related accrued interest thereon, with respect to the LIBOR Certificates; and (xxvi) payments made under the Yield Maintenance Agreement, if any. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued Certificate Interestamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, Interest Shortfall Carryforward Amountthe Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates information set forth in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Securities Administrator shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-10)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each OwnerCertificateholder, the Servicers, the Certificate Insurer Seller and the Rating Agencies Agency, a statement setting forth based, as applicable, on loan-level information obtained from the following informationServicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, amount of the Basis Risk Carry Forward Amount, if any, and distribution made on such Distribution Date to the Principal Distribution Amount, with respect to Holders of each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateallocable to interest; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and LIBOR applicable to the Certificates Subordinate Prepayment Percentage with respect to such each Loan Group for the following Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to the Household Mortgage Loans distributable enable Certificateholders to the Class P Certificates, on the next Distribution Date in accordance with this Agreementprepare their tax returns; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date related Due Period and the remaining Certificate Balance amount of each Class of Offered Certificates following any such paymentunreimbursed Advances; (vi) the amount Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of Insured Payments, if anythe related Determination Date; (vii) the amount, if any, of any Realized Losses for the Loan Group Balance and related Collection Period in the aggregate, Net WAC for each Class Loan Group at the Close of Offered Certificates and Business at the amount of Cumulative Realized Losses as of the last day end of the related Collection Due Period; (viii) whether a Fairbanks Termination Trigger Eventfor each Loan Group, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredthe aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the amount aggregate Principal Balance of the distribution with respect to each Class One-Month LIBOR Indexed Mortgage Loans at the Close of Offered Certificates (based on a Certificate in Business at the original principal amount end of $1,000)the related Due Period; (x) for each Loan Group, the amount of such distribution allocable to principal aggregate Principal Balance of the MTA Indexed Mortgage Loans, separately identifying Loans at the aggregate amount Close of any Principal Prepayments, Loan Purchase Price amounts or other recoveries Business at the end of principal included thereinthe related Due Period; (xi) for each Loan Group, the amount number, weighted average remaining term to maturity and weighted average Loan Rate of such distribution allocable to interest on the related Mortgage Loans (based on a Certificate in as of the original principal amount of $1,000)related Due Date; (xii) the number and aggregate unpaid principal amount, if any, balance of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of in the last day of the related Collection Period; aggregate and for each Loan Group, (xiva) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C30 to 59 days Delinquent, (b) of the Code 60 to assist the Certificateholders in computing their market discount; 89 days Delinquent, (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days 90 or more Delinquent for days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each of the preceding three months case as of the close of business on the last Business Day day of the preceding calendar month next preceding the Distribution Datemonth; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-2)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the ServicersCertificateholder, the Certificate Insurer, the Yield Maintenance Provider, the Seller, any NIMS Insurer and the each Rating Agencies Agency, a statement setting forth based, as applicable, on loan-level information obtained from the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account and the Class 2A-1C2 Yield Maintenance Account shall be based on information provided by the Yield Maintenance Provider regarding any Yield Maintenance Distributable Amounts and Class 2A-1C2 Yield Maintenance Distributable Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreement or the Class 2A-1C2 Yield Maintenance Agreement, as applicable. The Distribution Date Statement shall include the following information, in each case, with respect to such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) [Reserved]; (iv) the aggregate amount on deposit in of Servicing Fees and Custodial Fees for the Certificate Account on related Due Period; (v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Loan Group Balance for each Loan Group and the Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (vii) the Pool Balance and the Loan Group Balance for such Distribution Date; (iiviii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 CertificatesLoan Group, the aggregate amount Principal Balance of the interest and principal MTA Indexed Mortgage Loans at the Close of each Class of Offered Certificates to be paid on such Distribution Date and Business at the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Due Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the distribution Trust Fund with respect to each Class an identification of Offered Certificates (based on a Certificate in the original principal amount general purpose of $1,000)such amounts and the party receiving such amounts; (x) for each Loan Group, the amount of such distribution allocable number, weighted average remaining term to principal maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans, separately identifying Loans as of the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included thereinrelated Due Date; (xi) for each Loan Group, the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original number and aggregate unpaid principal amount of $1,000); (xii) the principal amount, if any, of each Class balance of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all related Mortgage Loans, as of the last day of the related Collection Period; (xiva) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C30 to 59 days Delinquent, (b) of the Code 60 to assist the Certificateholders in computing their market discount; 89 days Delinquent, (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days 90 or more Delinquent for days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each of the preceding three months case as of the close of business on the last Business Day day of the preceding calendar month next preceding month, using the Distribution DateMBA method; (xviiixii) such other information as for each Loan Group, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; book value (xixif available) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, any REO Property as of the close Close of business Business on the last Business Day of the calendar month next preceding the Distribution Date and Date, and, cumulatively, the aggregate total number and aggregate Stated Principal Balance cumulative principal balance of such Mortgage Loansall REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xxixiii) the statusfor each Loan Group, the numberaggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the Stated Principal Balances cumulative amount of all Mortgage Loans that are in foreclosure proceedings as Realized Losses and the amount of the close Realized Losses, if any, allocated to each Class of business Certificates after giving effect to any distributions made thereon, on the last Business Day of the calendar month next preceding such Distribution Date; (xxiixv) the number Class Principal Balance of Mortgagors each Class of Certificates and the Stated Apportioned Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days DelinquentSubordinate Certificates after giving effect to any distributions made thereon, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiiixvi) for each Loan Group, the number of Mortgagors Monthly Interest Distributable Amount and the Stated Principal Balances Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the related Mortgages for all Mortgage Loans involved respective portions thereof, if any, remaining unpaid following the distributions made in foreclosure proceedings and whether respect of such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business Certificates on the last Business Day of the calendar month next preceding such Distribution Date; (xvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) for each Loan Group, the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(d); (xxii) current Recoveries allocable to each Loan Group; (xxiii) cumulative Recoveries allocable to each Loan Group; (xxiv) the existence and status amount of any Mortgaged Properties Basis Risk Shortfall and Unpaid Basis Risk Shortfall, if any, for all Mortgage Loans as each Class after giving effect to which title has been taken in the name ofany distributions made thereon, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the such Distribution Date; (xxv) for each Loan Group, the book value amount of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure Deferred Interest and Net Deferred Interest, if any, for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Datesuch Loan Group; (xxvi) the number amount of Mortgage Loansthe Certificate Insurer Reimbursement Amount, if any; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (Deficiency Amount, if any, to be paid by the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection PeriodCertificate Insurer; (xxviii) the number and Stated amount of Net Deferred Interest, if any, added to the Class Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date;Certificates (xxix) the number and Stated Principal Balance amount of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Actany Unpaid Interest Shortfall Amount; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed any Final Maturity Reserve Amount deposited in lieu; d. no equity second mortgages; the Final Maturity Reserve Account, and e. other; as of the close of business , on the last Business Day Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of the related Collection PeriodCertificates; (xxxi) the number Overcollateralized Amount for that Distribution Date; (xxxii) the Overcollateralization Target Amount for that Distribution Date; (xxxiii) the amount remitted by the Administrator to the Trustee pursuant to the Yield Maintenance Allocation Agreement; and (xxxiv) the amount of any Class P Distributable Amount. The Trustee shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and Pool Balance with respect the other parties to each product type this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of all Mortgage Loans information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in Chapter 13 a separate section of the United States Bankruptcy Code report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 ("CHAPTER 13 LOANS"§ 229.1121) separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;of Regulation AB.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Harborview 2006-9)

Statements. (a) Based solely upon the On each Distribution Date, based, as applicable, on information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than each Distribution Date, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the ServicersServicer, the Certificate Insurer Administrator shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Rating Agencies Agencies, a statement setting forth as to the following informationdistributions made on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Pool Balance at the Close of Business at the end of the related Due Period; (iv) the number, aggregate principal balance, and weighted average Mortgage Rate of the Mortgage Loans as of the related Determination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (v) the number and aggregate unpaid principal balance of Mortgage Loans that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and (C) REO Properties; (vi) the aggregate amount on deposit in of Principal Prepayments made during the related Prepayment Period; (vii) the aggregate amount of Realized Losses incurred during the related Prepayment Period and the cumulative amount of Realized Losses; (viii) the Certificate Account Principal Balance of the Class A-1 Certificates, the Mezzanine Certificates and the Class O Certificates, after giving effect to the distributions made on such Distribution Date; (iiix) the Accrued Certificate Interest, Unpaid Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each the Class individuallyA-1 Certificates, all Classes of the Offered Mezzanine Certificates in and the aggregate, all Classes of Class A AIO Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal PrepaymentsPrepayment Interest Shortfalls for such Distribution Date, Loan Purchase Price amounts or other recoveries of principal included thereinto the extent not covered by payments by the Servicer pursuant to Section 3.25; (xi) the amount of Credit Enhancement Percentage for such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000)Distribution Date; (xii) the principal amountAvailable Funds Cap Carryforward Amount for the Class A-1 Certificates and the Mezzanine Certificates, if any, of each Class of for such Distribution Date and the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding remaining unpaid after giving effect to any payment of principal reimbursements therefor on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loansrespective REMIC Pass-Through Rates applicable to the Class A-1 Certificates, as of the last day of Mezzanine Certificates and the related Collection PeriodClass AIO Certificates for such Distribution Date and the REMIC Pass-Through Rate applicable to the Class A-1 Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xiv) based the Supplemental Interest Payment for each Class on such Distribution Date; In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Certificate Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Certificate Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist time. (c) On each Distribution Date, the Certificate Administrator shall forward to the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in computing their market discount; (xv) the weighted average interest rate respect of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the such Distribution Date; (xviii) Date with such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent;Certificate Administrator deems necessary or appropriate. (xixd) Within a reasonable period of time after the Stated Principal Balance end of each calendar year, the Certificate Administrator shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the largest Mortgage Loans outstanding;Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Certificate Administrator pursuant to any requirements of the Code as from time to time in force. (xxe) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business No later than noon on the last Business Day of the calendar month next preceding the prior to each Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the statusDate, the numberCertificate Administrator shall forward, and by facsimile transmission, the Stated Principal Balances statement prepared pursuant to paragraph (a) of this Section 4.03, together with all Mortgage Loans that are in foreclosure proceedings as other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the close of business on the last Business Day of the calendar month next preceding such Trustee. On each Distribution Date; (xxii) , the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect Trustee shall forward by mail to each product type Certificateholder the statement prepared pursuant to paragraph (a) of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;this Section 4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Funding Corp)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) Reserved; (x) Reserved; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreement, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at ▇▇▇.▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Trustee shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the related Accrual Period and LIBOR applicable calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to the Certificates with respect provide to such Distribution Date; Person a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberTrustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2005-3)

Statements. (a) Based solely upon the On each Distribution Date, based, as applicable, on information provided to it by the Servicers Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Master Servicer, the Certificate Insurer and the Rating Agencies, a statement as to the distributions made on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class S-1 Certificates), separately identified, allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to interest, separately identified; (iii) the Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount for each Certificate Group for such Distribution Date; (iv) with respect to each Loan Group, the aggregate amount of servicing compensation received by the Master Servicer with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) with respect to each Loan Group, the aggregate amount of Advances of interest made by the Master Servicer for such Distribution Date and the amount of any recoveries received by the Master Servicer in reimbursement of Advances of interest made by the Master Servicer with respect to prior Distribution Dates; (vi) the aggregate Principal Balance of the Loans in each Loan Group at the Close of Business at the end of the related Due Period; (vii) the number, aggregate Principal Balance, weighted average remaining term to maturity and weighted average Loan Rate of the Loans in each Loan Group as of the last day of the related Due Period; (viii) the number and aggregate unpaid principal balance of Loans in each Loan Group that were (A) Delinquent (exclusive of Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the Close of Business on the last day of the calendar month preceding such Distribution Date and (D) REO Properties; (ix) with respect to each Loan Group and any Loan therein that became an REO Property during the preceding Prepayment Period, the unpaid Principal Balance thereof and the Principal Balance thereof as of the date it became an REO Property; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xi) with respect to each Loan Group, the aggregate amount of Principal Prepayments made during the related Due Period; (xii) with respect to each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses for such Loan Group; (xiii) the aggregate amount of Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date, identifying to which Loan Group or Certificate Group such expenses relate; (xiv) the Certificate Principal Balance of the each Class of the Class A Certificates and each Class of the Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xv) the Monthly Interest Distributable Amount in respect of the each Class of the Class A Certificates, the Class S-1 Certificates and each Class of the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each Class of the Class A Certificates, the Class S-1 Certificates and each Class of the Class C Certificates for such Distribution Date; (xvi) with respect to each Loan Group, the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 7.08(d3.26; (xvii) hereofthe amount of the premium payable under the Policy for such Distribution Date, not later than separately identifying the portion of such premium payable with respect to the Class A-1 Certificates and the Class S-1 Certificates, on the one hand, and with respect to the Class A-2 Certificates, on the other hand; (xviii) when the Stepdown Date has occurred; (xix) the respective Pass-Through Rates applicable to the Class A Certificates, the Class S-1 Certificates and the Class C Certificates for such Distribution Date and, in the case of the Class A Certificates, whether such Pass-Through Rate was the related Net WAC Rate; (xx) the Net WAC Rate for each Certificate Group for such Distribution Date; (xxi) the Group I Available Funds and the Group II Available Funds for such Distribution Date; (xxii) the number and aggregate principal balance of all Subsequent Loans added to Loan Group I during the preceding Due Period; (xxiii) the amount on deposit in the Pre-Funding Account immediately prior to the related Due Period, the amount withdrawn therefrom during the related Due Period and the amount remaining on deposit therein as of the end of the related Due Period and as of such Distribution Date; (xxiv) the amount on deposit in the Interest Coverage Account immediately pto such Distribution Date, the amount withdrawn therefrom for such Distribution Date and included in the Group I Available Funds for such Distribution Date, the amount remaining on deposit after taking into account such withdrawal and the maximum amount that (assuming sufficient funds therein) would be withdrawn therefrom on future Distribution Dates and included in the Group I Available Funds for such Distribution Dates in accordance with Section 4.11(c) if the Funding Period were to end on June 19, 2001 and no Subsequent Loans were purchased for inclusion in the Loan Group I after the end of the Due Period relating to the current Distribution Date; (xxv) for the distribution occurring on the Distribution Date immediately following the end of the Funding Period, the balance on deposit in the Pre-Funding Account that has not been used to purchase Subsequent Loans and that is being distributed to the Class A Certificates as a mandatory prepayment of principal, if any, on such Distribution Date; (xxvi) the amount of any Insured Amount for such Distribution Date (separately identifying for each insured Class, any interest portion of such Insured Amount payable on such Class and any principal portion of such Insured Amount payable on such Class) and the amount of any Insured Payment in respect of a Preference Amount included in the amount distributed on each insured Class on such Distribution Date; and (xxvii) amount of Cumulative Insurance Payments for such Distribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date, in each case separately identified by Certificate Group. The Trustee shall will make such statement (and, at its option, any additional files containing the same information in an alternative format) available on its website initially located at ▇each month to Certificateholders, the Certificate Insurer and the Rating Agencies via w▇▇.▇▇▇▇▇▇▇▇.▇▇▇/. Parties that are unable to use w▇▇.▇▇▇▇▇▇▇▇.▇▇are entitled to have a paper copy mailed to them via first class mail by calling the Trustee at (▇▇▇) ▇▇▇-▇▇▇▇ and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the Depositor, each Owner, the Servicers, the Certificate Insurer above parties and the Rating Agencies a statement setting forth Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the related Accrual Period and LIBOR applicable calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to the Certificates with respect provide to such Distribution Date; Person a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution furnished by the Trustee to Certificateholders pursuant to any requirements of payment the Code as are in force from time to time. (c) On each Distribution Date, the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable Trustee shall forward to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount R Certificateholders a copy of the interest and principal reports forwarded to the Regular Certificateholders in respect of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent;Trustee deems necessary or appropriate. (xixd) Within a reasonable period of time after the Stated Principal Balance end of each calendar year, the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Class R Certificateholder. Such obligation of the largest Mortgage Loans outstanding; (xx) Trustee shall be deemed to have been satisfied to the number, aggregate Stated Principal Balances extent that substantially comparable information shall be prepared and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as furnished to Certificateholders by the Trustee pursuant to any requirements of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are Code as from time to time in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Sec Corp New South Home Equity Trust 2001-1)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.www.chase.com/sfa, a statement as to the distributions made on such D▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following information: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period and accrued and unpaid Special Servicing Fees; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount of Insured Payments, if any; (vii) Pool Balance and the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, Loan Group Balance for each Class Loan Group at the close of Offered Certificates and business at the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (viiivii) whether a Fairbanks Termination Trigger Eventseparately stated for each Loan Group and each Sub-group, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredthe number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (ixviii) separately stated for each Loan Group and each Sub-group, the amount number and aggregate unpaid principal balance of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based a) 30 to 59 days past due on a Certificate contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class bankruptcy as of the Offered Certificates (based close of business on a Certificate in the original principal amount last day of $1,000) which will be outstanding after giving effect to any payment of principal on the calendar month preceding such Distribution Date; (xiiiix) separately stated for each Loan Group and each Sub-group, with respect to any Mortgage Loan that became an REO Property during the aggregate Pool preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of all such Mortgage Loans, Loan as of the last day of the related Collection Perioddate it became an REO Property; (xivx) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent separately stated for each Loan Group and each Sub-group, the book value of the preceding three months any REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xi) separately stated for each Loan Group and each Sub-group, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected or deposits by the Seller in lieu thereof pursuant to Section 3.01 during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) separately stated for each Loan Group and each Sub-group, the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Offered Certificates for such Distribution Date, separately identifying the portions thereof attributable to Rate Payments, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) [Reserved]; (xviii) [Reserved]; (xix) the amount of the Trustee Fee paid; (xx) the LIBOR Carryover Amounts for the Class A-1F and Class A-1A Certificates distributed on such Distribution Date and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure Liquidation Report for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the such Distribution Date; (xxvi) the number amount of Mortgage Loansany transfers from the HLTV Reserve Account and the amount remaining on deposit in the HLTV Reserve Account (with respect to each Loan Group) after giving effect to any such transfers; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount Principal Balance of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from by the Trust; as of the close of business on the last Business Day of Servicer or Seller during the related Collection Period;Period and indicating the Section of this Agreement requiring or allowing the purchase of each such Mortgage Loan; and (xxviii) the number and Stated aggregate Principal Balance of all the Mortgage Loans that are subject repurchased by the Seller during the related Collection Period in connection with Section 3.16. The Trustee may fully rely upon and shall have no liability with respect to loss mitigation information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the calendar month next preceding Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date; (xxix) , the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 Trustee shall forward to the Class R Certificateholders a copy of the Truth reports forwarded to the Regular Certificateholders in Lending Act; (xxx) respect of such Distribution Date with such other information as the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as Trustee deems necessary or appropriate. Such obligation of the close of business on Trustee shall be deemed to have been satisfied to the last Business Day extent that substantially comparable information shall be prepared and furnished to Class R Certificateholders by the Trustee pursuant to any requirements of the related Collection Period; (xxxi) the number and Pool Balance with respect Code as from time to each product type of all Mortgage Loans time in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each OwnerCertificateholder, the ServicersSeller, the Certificate Insurer and the Rating Agencies Agency, a statement setting forth based, as applicable, on loan-level information obtained from and the following informationServicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount on deposit of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or PO Components; (xvi) the Class Certificate Account Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (iixvii) the Accrued Certificate InterestInterest Distributable Amount in respect of each Class of Certificates, Interest Shortfall Carryforward Amountfor such Distribution Date and the respective portions thereof, if any, remaining unpaid following the Basis Risk Carry Forward Amount, if any, distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Principal Unpaid Interest Shortfall Amount for such Distribution Amount, Date; (xix) the Available Funds with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateLoan Group; (iiixx) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to for such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiiixxi) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the preceding three months as Servicing Agreement, or the Section of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquentthis Agreement, as applicable, requiring or allowing the purchase of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of each such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution DateLoan; (xxii) the number amount of Mortgagors and the Stated any Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 Deficiency Amounts or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution DateAccrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Datecurrent Recoveries allocable to each Loan Group; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as cumulative Recoveries allocable to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Dateeach Loan Group; (xxv) the book value amount of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of Basis Risk Shortfall, if any, and the close of business on the last Business Day of the calendar month next preceding the Distribution Daterelated accrued interest thereon; (xxvi) for each Loan Group, the number amount of Mortgage Loans;Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) identifying payments made under the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan)Yield Maintenance Agreement, if any; and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of all Mortgage Loans the related Certificates and PO Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are subject unable to loss mitigation use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-Off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the calendar month next preceding Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date; (xxix) , the number Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth shall supply an electronic tape to Loan Performance and Intex Solutions in Lending Act; (xxx) the amount of current a format acceptable to Loan Performance and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business Intex Solutions on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;a monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-11)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ , a statement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount of the distribution made on deposit in such Distribution Date to the Certificate Account Holders of each Class of Certificates allocable to principal, separately identified; (ii) the applicable Record Date, accrual date and Determination Date; (iii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class CE Distributable Amount, separately identified; (iv) the Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for such Distribution Date; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of servicing compensation received by the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and Servicer during the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the aggregate amount of Insured Payments, if anyAdvances for the related Collection Period; (vii) the amount, if any, Pool Balance at the close of any Realized Losses for business at the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Eventthe number, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredweighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (ix) the amount number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the distribution with respect to each Class close of Offered Certificates (based business on a Certificate in the original principal amount last day of $1,000)the calendar month preceding such Distribution Date; (x) with respect to any Mortgage Loan that became an REO Property during the amount preceding calendar month, the loan number of such distribution allocable to Mortgage Loan, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included thereindate it became an REO Property; (xi) the amount book value of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; 101 (xiii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class P Certificates; (xiv) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xv) any material modifications, extensions or waivers to the terms, fees, penalties or payments of the related Mortgage Loans; (xvi) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xvii) the Accrued Certificate Interest in respect of each Class of the Class A, Class M and Class B Certificates for such Distribution Date, separately identifying the portions thereof attributable to Net WAC Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xix) the amount of any Net Swap Payments or Swap Termination Payments paid or received by the Supplemental Interest Trust pursuant to the Swap Agreement and the amount of any Defaulted Swap Termination Payments paid by the Supplemental Interest Trust; (xx) [Reserved]; (xxi) the amount of the Trustee Fee paid; (xxii) the Net WAC Carryover Amounts distributed on such Distribution Date; (xxiii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxiv) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution DateAvailable Funds; (xxvi) the number rate at which interest accrues for each Class of Mortgage LoansCertificates for such Distribution Date; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection PeriodReport for such Distribution Date; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated aggregate Principal Balance of Mortgage Loans that are being contested because of Section 32 of purchased by the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of Servicer or Seller during the related Collection PeriodPeriod and indicating the Section of this Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (C-Bass Mortgage Loan Asset-Backed Series 2006-Cb4)

Statements. (a) Based solely upon Concurrently with each distribution to Certificateholders, the Securities Administrator shall make available to each Certificateholder, the Seller, the Master Servicer, the Trustee and the Rating Agencies, a statement based, as applicable, on loan-level information provided to it by the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to Loan Group 1, Loan Group 2 and Loan Group 3 for the following Distribution Date; (iv) the Group 4 Senior Percentage, the Group 4 Senior Prepayment Percentage, the Group 4 Subordinate Percentage and the Group 4 Subordinate Prepayment Percentage with respect to Loan Group 4 for the following Distribution Date; (v) the aggregate amount of servicing compensation received by each Servicer during the related Due Period; (vi) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances as reported by each Servicer; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) [reserved]. (ix) the aggregate Principal Balance of the One-Month LIBOR Indexed, Six-Month LIBOR Indexed, One-Year LIBOR Indexed and One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period (for Loan Groups 1 through 3 in the aggregate and for Loan Group 4 separately); (x) the amount of the Master Servicer Fees paid to or retained by the Master Servicer; (xi) the aggregate amount of Servicing Fees paid to or retained by the Servicers; (xii) to the extent that such amounts are paid out of the Distribution Account, the amount of fees, expenses or indemnification amounts paid by the Trust with an identification of the general purpose of such amounts and the party receiving such amounts; (xiii) for each Loan Group, the number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xiv) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, using the “MBA” method (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xv) the rolling six-month delinquency rate for that Distribution Date; (xvi) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xvii) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xviii) the aggregate amount of Realized Losses for each Loan Group and Recoveries incurred during the related Due Period and the cumulative amount of Realized Losses and Recoveries as of such Distribution Date; (xix) the cumulative amount of Realized Losses for each Loan Group; (xx) the Realized Losses and Recoveries, if any, allocated to each Class of Certificates on the related Distribution Date; (xxi) the Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xxii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xxiii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xxiv) the Available Funds with respect to each of Loan Groups 1, 2 and 3 and the Group 4 Available Funds with respect to Loan Group 4; (xxv) the Pass-Through Rate and Adjusted Pass-Through Rate (in the case of the Group 4 Certificates other than the Class 4-AX Certificates) for each Class of Certificates for such Distribution Date (xxvi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period; (xxvii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group with respect to Loan Groups 1, 2 and 3 or amounts paid pursuant to Section 7.08(d5.01(f)(i); (xxviii) hereof, not later than each Distribution Datethe total number of Mortgage Loans in the aggregate and the aggregate Stated Principal Balance for the Group 1 Mortgage Loans (also separately stating such information for the Adjustable Rate Mortgage Loans, the Trustee Three-Year Hybrid Mortgage Loans and the Five-Year Hybrid Mortgage Loans), the Group 2 Mortgage Loans, the Group 3 Mortgage Loans and Group 4 Mortgage Loans (also stating separately such information for Negative Amortization Loans), in each case at the close of business at the end of the related Due Period; (xxix) with respect to Group 4 Mortgage Loans, the amount of any Deferred Interest and Net Deferred Interest, if any, and the amount of any Net Deferred Interest, if any, added to the Class Principal Balance of the Group 4 Certificates; and (xxx) with respect to Mortgage Loans serviced by Cenlar, but only if such Mortgage Loans were subject to a modification of terms made during the related Due Period as part of a loss mitigation strategy, the following items: (a) the percentage (by outstanding Principal Balance) and the number of Mortgage Loans that were modified in the related Due Period; (b) the cumulative percentage (by Cut-Off Date Principal Balance) of modified mortgage loans; (c) the amount of principal forgiven with respect to modified Mortgage Loans for the related Due Period; (d) the cumulative amount of principal forgiven with respect to modified Mortgage Loans from the Closing Date; (e) the percentage (by outstanding Principal Balance) of modified Mortgage Loans that are included in the delinquency trigger calculation for purposes of the Step Down Conditions, the Two Times Test, the Group 4 Step Down Conditions and the Group 4 Two Times Test; (f) the delinquency status of the modified Mortgage Loans both pre- and post- modification; (g) the number of times the Mortgage Loan has been subject to modification; (h) the effective date of the modification; (i) the number of modifications made to Mortgage Loans in the last twelve months; (j) the percentage (by outstanding Principal Balance) of modified Mortgage Loans that are current or delinquent in payment and the delinquency status of the modified Mortgage Loans from the Closing Date; and (k) the Loan Rate of the modified Mortgage Loans pre- and post- modification. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall make available on its website initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ .” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at 1-866-846-4526. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-Off Date. (l) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the related Accrual Period and LIBOR applicable calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to the Certificates with respect provide to such Distribution Date; Person a statement containing the information set forth in subclauses (i), (ii) and (iv) the application above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the amounts described in clause (ii) above Securities Administrator shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvm) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2007-5)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Yield Maintenance Provider, the Seller, any NIMS Insurer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account, the Class ▇▇-▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Account and the Class ▇▇-▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Account shall be based on information provided by the Yield Maintenance Provider regarding any Yield Maintenance Distributable Amounts, Class 2A-1A2 Yield Maintenance Distributable Amounts and Class 2A-1A3 Yield Maintenance Distributable Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreement, the Class ▇▇-▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Agreement or the Class ▇▇-▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Agreement, as applicable. The Distribution Date Statement shall include the following information, in each case, with respect to such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) [Reserved]; (iv) the aggregate amount of Servicing Fees for the related Due Period; (v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Loan Group Balance for each Loan Group and the Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (vii) the Pool Balance, Pool Collateral Balance and the Loan Group Balance for such Distribution Date; (viii) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) for each Loan Group, the number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, using the OTS method; (xii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period; (xiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xv) the Class Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) for each Loan Group, the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(d); (xxii) current Recoveries allocable to each Loan Group; (xxiii) cumulative Recoveries allocable to each Loan Group; (xxiv) the amount of any Basis Risk Shortfall, if any, for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the Certificates (xxix) the amount of any Unpaid Interest Shortfall Amount; (xxx) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxxi) the Overcollateralized Amount for that Distribution Date; (xxxii) the Overcollateralization Target Amount for that Distribution Date; (xxxiii) the amount remitted by the Administrator to the Trustee pursuant to the Yield Maintenance Allocation Agreement; (xxxiv) the payments, if any, made from the Yield Maintenance Account and the amount distributed to the LIBOR Certificates from such payments; (xxxv) the amount on deposit in the Prefunding Account in the aggregate and for each Loan Group (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the Distribution Date in the month following the end of the Prefunding Period) and the amount of funds remaining in the Capitalized Interest Account (after giving effect to distributions on such Distribution Date); and (xxxvi) the aggregate Principal Balance and number of Subsequent Mortgage Loans purchased in the Prefunding Period. The Trustee shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Trustee shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-off Date. In addition to the related Accrual Period information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to any NIMS Insurer and LIBOR applicable each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person or any NIMS Insurer, such information as is reasonably necessary to the Certificates with respect provide to such Distribution Date; Person or any NIMS Insurer a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a Certificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberTrustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView 2006-12)

Statements. (a) Based solely upon the On each Distribution Date, based, as applicable, on information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than each Distribution DateMaster Servicer, the Trustee shall prepare and forward by mail to each Holder of the Regular Certificates, the Master Servicer, the Certificate Insurer and the Rating Agencies, a statement as to the distributions made on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Class A Certificates, (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Class A Certificates allocable to principal and interest, separately identified; (iii) the Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount as of such Distribution Date for each Class of Class A Certificates and the General Excess Available Amount for each related Loan Group for such Distribution Date; (iv) the aggregate amount of servicing compensation received by the Master Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns and, separately identified, the amount of compensation paid to the Special Servicer; (v) the aggregate amount of Advances for the related Prepayment Period; (vi) the Pool Principal Balance and the Loan Group Balance for each Loan Group at the Close of Business at the end of the related Prepayment Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (viii) separately stated for each Loan Group, the number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days past due on a contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the Close of Business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan as to which the related Mortgaged Property became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the Principal Balance of such Mortgage Loan as of the Close of Business on the last day of the related Prepayment Period, and the date on which it became an REO Property; (x) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding due period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Class Certificate Principal Balance of each Class of Class A Certificates, after giving effect to the distributions made on such Distribution Date; (xv) the Interest Distributable Amount in respect of each Class of Class A Certificates for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the amount of premium to be paid to the Certificate Insurer and the Trustee Fee for such Distribution Date, stated separately; (xviii) the Group I Interest Carryover and the Group II Interest Carryover, if any, for such Distribution Date and the amount remaining unpaid on each Interest Carryover after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Deficiency Amount after giving effect to the distribution of principal on such Distribution Date; (xx) whether the Step Down Cumulative Loss Test, Step Down Rolling Delinquency Test, Step Down Rolling Loss Test, Step Up Cumulative Loss Test, Step Up Rolling Delinquency Test, Step Up Rolling Loss Test and/or Step Up Spread Squeeze Test have been met, the cumulative realized losses with respect to each Loan Group, as a percentage of the original Loan Group Balance, the Delinquency Percentage and the Annual Loss Percentage; (xxi) the Available Funds with respect to each Loan Group; (xxii) the Pass-Through Rate for the Class A-1 and Class A-2 Certificates for such Distribution Date; (xxiii) the Liquidation Report for such Distribution Date; (xxiv) the aggregate Principal Balance of Mortgage Loans purchased by the Master Servicer, Special Servicer or Seller during the related Due Period and indicating the Section of this Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxv) the amount of premium to be paid to the PMI Insurer; (xxvi) the aggregate amount representing collections of Prepayment Premiums during the related Prepayment Period included in Group I Available Funds and Group II Available Funds, on such Distribution Date; (xxvii) the Class X Group I IO Component Distributable Amount and the Class X Group II IO Component Distributable Amount for such Distribution Date and (a) the portion thereof distributed on the current Distribution Date and the portion thereof remaining unpaid on such Distribution Date, (b) any such amount for any prior Distribution Date distributed on the current Distribution Date and (c) any such amount for any prior Distribution Date remaining unpaid after giving effect to the distributions on the current Distribution Date, separately stated; and (xxviii) the amount on deposit in each of the Pre-Funding Accounts and Capitalized Interest Accounts, if any, stated separately. The Trustee shall forward such report concurrently with each distribution to the Certificateholders, the Certificate Insurer (at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention: Surveillance Department) and the Rating Agencies on the related Distribution Date. The Trustee may also make such reports available on its each month to each party referred to in this paragraph via the Trustee's website. The Trustee's website initially located can be accessed at ▇▇▇▇://▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ /invr. The Trustee's obligations pursuant to this Section 4.03 are limited to the Depositor, each Owner, extent of its receipt of all necessary information from the Servicers, Master Servicer. The Trustee may fully rely upon and shall have no liability with respect to information provided by the Certificate Insurer and Master Servicer. In the Rating Agencies a statement setting forth the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the related Accrual Period and LIBOR applicable calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to the Certificates with respect provide to such Distribution Date; Person a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution furnished by the Trustee to Certificateholders pursuant to any requirements of payment the Code as are in force from time to time. (c) On each Distribution Date, the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable Trustee shall forward to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount R Certificateholders a copy of the interest and principal reports forwarded to the Regular Certificateholders in respect of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent;Trustee deems necessary or appropriate. (xixd) Within a reasonable period of time after the Stated Principal Balance end of each calendar year, the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Class R Certificateholder. Such obligation of the largest Mortgage Loans outstanding; (xx) Trustee shall be deemed to have been satisfied to the number, aggregate Stated Principal Balances extent that substantially comparable information shall be prepared and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as furnished to Certificateholders by the Trustee pursuant to any requirements of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are Code as from time to time in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) [reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) current Recoveries allocable to each Loan Group; and (xxiv) cumulative Recoveries allocable to each Loan Group. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued Certificate Interestamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, Interest Shortfall Carryforward Amountthe Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates information set forth in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Securities Administrator shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-5)

Statements. (a) Based solely upon Two Business Days prior to each Distribution Date, the Securities Administrator shall make available to the Securities Administrator, and concurrently with each distribution to Certificateholders, the Certificate Insurer, the Credit Risk Manager, the Securities Administrator shall make available to each Certificateholder, the Seller, the Master Servicer, the Trustee and the Rating Agencies, a statement based, as applicable, on loan-level information provided to it by the Servicers pursuant to Section 7.08(d) hereofMaster Servicer and the Servicer, not no later than each the third Business Day prior to the related Distribution Date, (the Trustee “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) [Reserved]; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the amount of Advances for each Loan Group for the related Due Period and the amount of unreimbursed Advances; (vi) the Loan Group Balance for each Loan Group, the related Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (vii) [Reserved]; (viii) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) for each Loan Group, the number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xii) for each Loan Group, the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiii) for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates; (xv) the Class Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) for each Loan Group, the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxi) [reserved]; (xxii) for each Loan Group, current Recoveries allocable thereto; (xxiii) for each Loan Group, cumulative Recoveries allocable thereto; (xxiv) for each Loan Group, the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the Certificates; (xxix) the Overcollateralization Amount for that Distribution Date; (xxx) the Overcollateralization Target Amount for that Distribution Date; (xxxi) for each Loan Group, the aggregate minimum amount of payments required to be made in respect of interest and principal on the Mortgage Loans; (xxxii) the number of Mortgage Loans and the aggregate Stated Principal Balance of Mortgage Loans that have negative amortization; and (xxxiii) The amount of any Class P Distributable Amount and the Class ES Distributable Amount. The Securities Administrator shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available on its each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-Off Date. In addition to the related Accrual Period and LIBOR applicable information listed above, such Distribution Date Statement shall also include the information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the Certificates with respect calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Distribution Date; Person a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Dsla Mortgage Loan Trust 2006-Ar1)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ prepare and forward by mail to each Holder of the Depositor, each OwnerRegular Certificates, the Servicers, the Certificate Insurer Servicer and the Rating Agencies Agencies, a statement setting forth as to the following informationdistributions made on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount of Insured Payments, if any; (vii) Pool Balance and the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, Loan Group Balance for each Class Loan Group at the close of Offered Certificates and business at the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (viiivii) whether a Fairbanks Termination Trigger Eventseparately stated for each Loan Group, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredthe number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (ixviii) separately stated for each Loan Group, the amount number and aggregate unpaid principal balance of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based a) 30 to 59 days past due on a Certificate contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class bankruptcy as of the Offered Certificates (based close of business on a Certificate in the original principal amount last day of $1,000) which will be outstanding after giving effect to any payment of principal on the calendar month preceding such Distribution Date; (xiiiix) separately stated for each Loan Group, with respect to any Mortgage Loan that became an REO Property during the aggregate Pool preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of all such Mortgage Loans, Loan as of the last day of the related Collection Perioddate it became an REO Property; (xivx) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent separately stated for each Loan Group, the book value of the preceding three months any REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected or deposits by the Seller in lieu thereof pursuant to Section 3.01 during the related Collection Period and the amounts thereof allocable to the Class BB Certificates and the Class X Certificates; (xiii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Offered Certificates for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) [Reserved]; (xviii) [Reserved]; (xix) the amount of the Trustee Fee paid; (xx) the LIBOR Carryover Amount for the Class A-1A Certificates after giving effect to distributions thereof on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure Liquidation Report for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the such Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because purchased by the Servicer or Seller during the related Collection Period and indicating the Section of Section 32 this Agreement requiring or allowing the purchase of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgageseach such Mortgage Loan; and e. other; (xxvii) the aggregate Principal Balance of the Mortgage Loans repurchased by the Seller during the related Collection Period in connection with Section 3.16. The Trustee shall forward such report concurrently with each distribution to the Certificateholders, the Rating Agencies, Bloomberg (at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇ ▇▇▇▇▇▇) and Intex Solutions (at ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇) on the related Distribution Date. The Trustee will also make such reports available each month via the Trustee's website. The Trustee's website can be accessed at ▇▇▇.▇▇▇▇▇.▇▇▇/▇▇▇ or at such other site as the Trustee may designate from time to time. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxxic) On each Distribution Date, the number and Pool Balance Trustee shall forward to the Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with respect such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, the Trustee shall deliver to each product type of all Mortgage Loans Person who at any time during the calendar year was a Class R Certificateholder, if requested in Chapter 13 writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Class R Certificateholder. Such obligation of the United States Bankruptcy Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 as from time to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;time in force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, any NIMS Insurer, the Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer, the Swap Provider, the Basis Risk Cap Provider and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following information, in each case, with respect to such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) [Reserved]; (iv) the aggregate amount of Servicing Fees, Subservicing Fees, Master Servicing Fees and Credit Risk Manager Fees for the related Due Period; (v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Loan Group Balance for each Loan Group and the Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (vii) the Pool Balance, the Pool Collateral Balance and the Loan Group Balance for such Distribution Date; (viii) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) for each Loan Group, the number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, using the OTS method; (xii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period; (xiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xv) the Class Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvii) for each Class, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) for each Loan Group, the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period; (xxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxii) current Recoveries allocable to each Loan Group; (xxiii) cumulative Recoveries allocable to each Loan Group; (xxiv) the amount of any Basis Risk Shortfall, if any, for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvi) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the Certificates; (xxvii) the amount of any Unpaid Interest Shortfall Amount; (xxviii) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxix) the Overcollateralized Amount for that Distribution Date; (xxx) the Overcollateralization Target Amount for that Distribution Date; (xxxi) the amount of any Class P Distributable Amount and the amount of any Class ES Distributable Amount; (xxxii) the amount on deposit in the Prefunding Account in the aggregate and for each Loan Group (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the Distribution Date in the month following the end of the Prefunding Period); (xxxiii) the amount of any payments made by the Basis Risk Cap Provider to the Basis Risk Cap Account pursuant to Section 5.13; (xxxiv) the aggregate Principal Balance and number of Subsequent Mortgage Loans purchased in the Prefunding Period; and (xxxv) the amount of any Net Swap Payment to the Supplemental Interest Trust made pursuant to Section 5.10, any Net Swap Payment to the Swap Provider made pursuant to Section 5.10, any Swap Termination Payment to the Supplemental Interest Trust made pursuant to Sections 5.10 and any Swap Termination Payment to the Swap Provider made pursuant to Section 5.10. The Securities Administrator shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Initial Cut-off Date. In addition to the related Accrual Period information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to any NIMS Insurer and LIBOR applicable each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person or any NIMS Insurer, such information as is reasonably necessary to the Certificates with respect provide to such Distribution Date; Person or any NIMS Insurer a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a Certificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView 2007-4)

Statements. (a) Based solely upon Two Business Days prior to each Distribution Date, the Securities Administrator shall make available to the Securities Administrator, and concurrently with each distribution to Certificateholders, the Certificate Insurer, the Credit Risk Manager, the Securities Administrator shall make available to each Certificateholder, the Seller, the Master Servicer, the Trustee and the Rating Agencies, a statement based, as applicable, on loan-level information provided to it by the Servicers pursuant to Section 7.08(d) hereofMaster Servicer and the Servicer, not no later than each the third Business Day prior to the related Distribution Date, (the Trustee “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) [Reserved]; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the amount of Advances for each Loan Group for the related Due Period and the amount of unreimbursed Advances; (vi) the Loan Group Balance for each Loan Group, the related Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (vii) [Reserved]; (viii) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) for each Loan Group, the number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xii) for each Loan Group, the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiii) for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates; (xv) the Class Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) for each Loan Group, the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxi) [reserved]; (xxii) for each Loan Group, current Recoveries allocable thereto; (xxiii) for each Loan Group, cumulative Recoveries allocable thereto; (xxiv) for each Loan Group, the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the Certificates; (xxix) the Overcollateralization Amount for that Distribution Date; (xxx) the Overcollateralization Target Amount for that Distribution Date; (xxxi) for each Loan Group, the aggregate minimum amount of payments required to be made in respect of interest and principal on the Mortgage Loans; (xxxii) the number of Mortgage Loans and the aggregate Stated Principal Balance of Mortgage Loans that have negative amortization; and (xxxiii) The amount of any Class P Distributable Amount. The Securities Administrator shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available on its each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-Off Date. In addition to the related Accrual Period and LIBOR applicable information listed above, such Distribution Date Statement shall also include the information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the Certificates with respect calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Distribution Date; Person a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Dsla Mortgage Loan Trust 2006-Ar1)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based on the Trustee Mortgage Loan information contained in the Master Servicer’s Certificate, the Securities Administrator shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ prepare a statement (the “Distribution Date Statement”) as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest and the Class CE Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate for each Class Overcollateralization Amount as of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to Servicing Fee retained by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentServicing Advances that are Nonrecoverable Advances (if any); (vi) the amount Pool Balance, at the close of Insured Payments, if anybusiness at the end of the related Collection Period; (vii) the amountnumber, if anyweighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (viii) the number and aggregate Stated Principal Balance of Mortgage Loans (a) 30 to 59 days past due using the Mortgage Bankers Association methodology, (b) 60 to 89 days past due using the Mortgage Bankers Association methodology, (c) 90 or more days past due using the Mortgage Bankers Association methodology, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of any Realized Losses for the close of business on the last day of the related Collection Period; (ix) the aggregate number of Mortgage Loans that became REO Properties during the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount aggregate Stated Principal Balance of Cumulative Realized Losses such Mortgage Loans (calculated as of the date each such Mortgage Loan became an REO Property); (x) the total number and aggregate Stated Principal Balance of all REO Properties as of the close of business of the last day of the related Collection Period; (viiixi) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) Prepayments made during the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000)related Prepayment Period; (xii) the principal amountaggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiii) the Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions and allocations of Applied Realized Loss Amounts made on such Distribution Date, separately identifying any reduction thereof due to allocations of Applied Realized Loss Amounts (xiv) the Accrued Certificate Interest in respect of each Class of Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of each Class of the Offered such Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on for such Distribution Date; (xiiixv) the aggregate Pool Balance of all Mortgage Loanscumulative Realized Losses, as a percentage of the last day of Cut-off Date Pool Balance; (xvi) the Available Funds for the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent rate at which interest accrues for each Class of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Certificates for such Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquentaggregate amount of Net Liquidation Proceeds for the related Collection Period; (xix) the aggregate Stated Principal Balance of the largest Mortgage Loans outstandingpurchased by a Seller or American General during the related Prepayment Period; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage LoansLoans that were the subject of a Principal Prepayment in full during the related Prepayment Period; (xxi) for each Mortgage Loan that the status, Trustee has requested that the number, applicable Seller repurchase (i) the date on which such repurchase request was made and the Stated Principal Balances of all (ii) whether such Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution DateLoan has been repurchased; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status amount of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in Reimbursement Amounts received by the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of Trust Fund during the related Collection Period; (xxviiixxiii) the aggregate amount of Administration Expenses paid by the Trust Fund to (x) the Master Servicer, Custodian and Securities Administrator during the current calendar year and (y) the Designated Successor Servicer and Trustee during the current calendar year; (xxiv) the aggregate amount of Unreimbursed Servicer Default Expenses and the aggregate amount of Master Servicing Transfer Costs, in each case paid by the Trust during the related Collection Period; and (xxv) with respect to Mortgage Loans that were subject to a Servicer Modification during the related Collection Period: (a) the Mortgage Loan identifying number; (b) the date of modification; (c) the Stated Principal Balance prior to and after modification; (d) the Monthly Payment prior to and after modification; (e) the Mortgage Interest Rate prior to and after modification; (f) the maturity date prior to and after modification; and (g) the number and Stated Principal Balance of all Mortgage Loans that are subject months Delinquent prior to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date;modification; and (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxxxxvi) the amount of current Subsequent Recoveries received during the related Prepayment Period. The Securities Administrator may fully rely upon and cumulative Realized Losses shall have no liability with respect to information with respect to the Mortgage Loans provided by the Master Servicer. In the case of information furnished pursuant to subclauses (separately identifying principal i), (ii) and interest losses(xiv) from following resolution types: a. REO Property sold; b. short sale; c. deed above, the amounts shall be expressed in lieu; d. no equity second mortgages; and e. other; a separate section of the dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. The Securities Administrator shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to beneficial owners of business on Certificates that provide appropriate certification in the last Business Day form furnished by the Securities Administrator (which may be submitted electronically via the Securities Administrator’s internet website) and other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall furnish to each Person who at any time during the calendar year was a Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii) and (xii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxxic) On each Distribution Date, the number and Pool Balance with respect Securities Administrator shall forward to each product type of all Mortgage Loans in Chapter 13 the Class R Certificateholder upon request a copy of the United States Bankruptcy reports forwarded to the Certificateholders of Certificates other than the Class R Certificate in respect of such Distribution Date with such other information as the Securities Administrator deems necessary or appropriate. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to the Class R Certificateholder by the Servicer pursuant to any requirements of the Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 as from time to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;time in force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American General Finance Inc)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) current Recoveries allocable to each Loan Group; and (xxiv) cumulative Recoveries allocable to each Loan Group. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued Certificate Interestamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, Interest Shortfall Carryforward Amountthe Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates information set forth in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Securities Administrator shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)

Statements. (a) Based solely upon Two Business Days prior to the Auction Distribution Date, the Securities Administrator shall make available to the Auction Administrator, and concurrently with each distribution to Certificateholders, the Securities Administrator shall make available to each Certificateholder, the Seller, the Master Servicer, the Trustee, the Yield Maintenance Counterparty and the Rating Agencies, a statement based, as applicable, on loan-level information provided to it by the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account shall be based on information provided by the Yield Maintenance Counterparty regarding any Yield Maintenance Amounts required to be paid by the Yield Maintenance Counterparty for the related Distribution Date pursuant to Section 7.08(dthe Yield Maintenance Agreements. The Distribution Date Statement shall include the following: (i) hereofthe amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, not later than Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Mortgage Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Mortgage Loan Group Balance and related Net WAC for each Mortgage Loan Group at the Close of Business at the end of the related Due Period; (vii) the aggregate Principal Balance of the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (viii) the aggregate Principal Balance of the Six-Month LIBOR Indexed, One-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) the amount of the Master Servicer Fees paid to or retained by the Master Servicer; (x) the aggregate amount of Servicer Fees paid to or retained by the Servicers; (xi) the amount of fees, expenses or indemnification amounts paid by the Trust with an identification of the general purpose of such amounts and the party receiving such amounts; (xii) for each Mortgage Loan Group, the number, weighted average remaining term to maturity, weighted average life and weighted average Mortgage Rate of the related Mortgage Loans as of the related Due Date; (xiii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Mortgage Loan Group, using the “MBA” method (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiv) the rolling six-month delinquency rate for that Distribution Date; (xv) the total number and cumulative principal balance of all REO Properties in each Mortgage Loan Group as of the Close of Business of the last day of the preceding Due Period; (xvi) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Mortgage Loan Group made during the related Prepayment Period; (xvii) the aggregate amount of Realized Losses for each Mortgage Loan Group and Subsequent Recoveries incurred during the related Due Period and the cumulative amount of Realized Losses and Recoveries as of such Distribution Date; (xviii) the cumulative amount of Realized Losses for each Mortgage Loan Group; (xix) the Realized Losses and Subsequent Recoveries, if any, allocated to each Class of Certificates on the related Distribution Date; (xx) the Class Principal Amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xxi) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xxii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xxiii) the Available Funds with respect to each Mortgage Loan Group; (xxiv) the Interest Rate for each Class of Certificates for such Distribution Date and, through the Auction Distribution Date, the Trustee level of LIBOR used to determine the applicable Interest Rate; (xxv) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or TMI during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxvi) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxvii) (A) the amounts paid to each Class of Senior Certificates (other than the Class A-X Certificates) from Yield Maintenance Amounts received from the Yield Maintenance Counterparty for such period, expressed as a per annum rate and as a dollar amount, (B) the amounts paid to the Class A-X Certificates from any excess Yield Maintenance Amounts received under the related Yield Maintenance Agreement expressed as a per annum rate and as a dollar amount and (C) the Yield Maintenance Amount and applicable strike rate for each Yield Maintenance Agreement for such Distribution Date; (xxviii) on the Auction Distribution Date, the Par Price (as defined in the Auction Administration Agreement) for each Class of Auction Certificates as reported to the Master Servicer by the Securities Administrator; and (xxix) the total number of Mortgage Loans in the aggregate and the aggregate Scheduled Principal Balance in the aggregate and separately for the Group 1 Mortgage Loans (also separately stating such information for the Adjustable Rate Mortgage Loans, the Three-Year Hybrid Mortgage Loans, the Five-Year Hybrid Mortgage Loans and the Seven-Year Hybrid Mortgage Loans) and the Group 2 Mortgage Loans, in each case at the close of business at the end of the related Due Period. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall make available on its website initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the related Accrual Period and LIBOR applicable calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to the Certificates with respect provide to such Distribution Date; Person a statement containing the information set forth in subclauses (i), (ii) and (iv) the application above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the amounts described in clause (ii) above Securities Administrator shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Trust Agreement (Thornburg Mortgage Securities Trust 2006-4)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.www.chase.com/sfa, a statement as to the distributions made on such ▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following information▇▇▇e: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of the Class N Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period and accrued and unpaid Special Servicing Fees; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount of Insured Payments, if any; (vii) Pool Balance and the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, Loan Group Balance for each Class Loan Group at the close of Offered Certificates and business at the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (viiivii) whether a Fairbanks Termination Trigger Eventseparately stated for each Loan Group and each Sub-group, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredthe number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (ixviii) separately stated for each Loan Group and each Sub-group, the amount number and aggregate unpaid principal balance of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based a) 30 to 59 days past due on a Certificate contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class bankruptcy as of the Offered Certificates (based close of business on a Certificate in the original principal amount last day of $1,000) which will be outstanding after giving effect to any payment of principal on the calendar month preceding such Distribution Date; (xiiiix) separately stated for each Loan Group and each Sub-group, with respect to any Mortgage Loan that became an REO Property during the aggregate Pool preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of all such Mortgage Loans, Loan as of the last day of the related Collection Perioddate it became an REO Property; (xivx) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent separately stated for each Loan Group and each Sub-group, the book value of the preceding three months any REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xi) separately stated for each Loan Group and each Sub-group, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected or deposits by the Seller in lieu thereof pursuant to Section 3.01 during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) separately stated for each Loan Group and each Sub-group, the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the beginning balance of amounts on deposit in the Excess Reserve Fund as of the preceding Distribution Date, any withdrawals from and deposits into the Excess Reserve Fund as of the Distribution Date, and the ending balance of amounts on deposit in the Excess Reserve Fund on such Distribution Date; (xvi) the beginning balance of amounts on deposit in the Class N Reserve Fund as of the preceding Distribution Date, any withdrawals from and deposits into the Class N Reserve Fund as of the Distribution Date, and the ending balance of amounts on deposit in the Class N Reserve Fund on such Distribution Date; (xvii) the Accrued Certificate Interest in respect of each Class of Offered Certificates for such Distribution Date, separately identifying the portions thereof attributable to Rate Payments, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xix) [Reserved]; (xx) the Principal Balance of the Re-performing 60+ Day Delinquent Loans; (xxi) the amount of the Trustee Fee paid; (xxii) Class A-1A LIBOR Carryover Amounts for the Class A-1A Certificates distributed on such Distribution Date and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxiii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxiv) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution DateAvailable Funds; (xxvi) the number rate at which interest accrues for each Class of Mortgage LoansCertificates for such Distribution Date; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection PeriodReport for such Distribution Date; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date;[Reserved] (xxix) the number and Stated aggregate Principal Balance of Mortgage Loans that are being contested because purchased by the Servicer or Seller during the related Collection Period and indicating the Section of Section 32 this Agreement requiring or allowing the purchase of the Truth in Lending Act;each such Mortgage Loan; and (xxx) the aggregate Principal Balance of the Mortgage Loans repurchased by the Seller during the related Collection Period in connection with Section 3.16. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate Section of the report as a dollar amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; for each Class for each $1,000 original dollar amount as of the close Cut-Off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxxic) On each Distribution Date, the number and Pool Balance with respect Trustee shall provide to each product type of all Mortgage Loans in Chapter 13 the Class R Certificateholders a copy of the United States Bankruptcy reports provided to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Class R Certificateholders by the Trustee pursuant to any requirements of the Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 as from time to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;time in force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Funding Corp)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and each Rating Agency, a statement based, as applicable, on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the Depositordistributions to be made or made, each Owneras applicable, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationon such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount on deposit of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year LIBOR, Six-Month LIBOR and One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the Certificate Account aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, in each case, using the MBA method; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Principal Balance or Class Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (iixvii) the Accrued Certificate InterestMonthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, Interest Shortfall Carryforward Amountfor such Distribution Date and the respective portions thereof, if any, remaining unpaid following the Basis Risk Carry Forward Amount, if any, distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Principal Unpaid Interest Shortfall Amount for such Distribution Amount, Date; (xix) the Available Funds with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateLoan Group; (iiixx) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to for such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiiixxi) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the preceding three months as Servicing Agreement, or the Section of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquentthis Agreement, as applicable, requiring or allowing the purchase of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of each such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution DateLoan; (xxii) the number amount of Mortgagors and the Stated any Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 Deficiency Amounts or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution DateAccrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date;current Recoveries allocable to each Loan Group; and (xxiv) cumulative Recoveries allocable to each Loan Group; The Trustee shall make the existence Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and status the other parties to this Agreement via the Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of any Mortgaged Properties for all Mortgage Loans as information furnished pursuant to which title has been taken subclauses (i) and (ii) above, the amounts shall be expressed in the name of, or on behalf a separate section of the Trustee, report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the last Business Day Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the month next preceding the Code as are in force from time to time. (c) On each Distribution Date; (xxv) , the book value of any real estate acquired through foreclosure or grant of Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a deed format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in lieu of foreclosure for all Mortgage Loans as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;a monthly basis.

Appears in 1 contract

Sources: Pooling Agreement (Harborview 2006-3)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall prepare and make available on its website initially located at h▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ , or at such other site as the Trustee may designate from time to time, for access by each Holder of the Regular Certificates and the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth as to the following informationdistributions made on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal; (ii) the Accrued Certificate Interestamount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest, Interest Shortfall Carryforward Amount, if any, separately identified; the Basis Risk Carry Forward Amount, if any, amount of the distribution made on such Distribution Date to the Holders of the Class CE-1 Certificates and the Principal Distribution Amount, aggregate amount of Prepayment Charges collected (including amounts deposited in connection with respect the full or partial waiver of such Prepayment Charges pursuant to each Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateP Certificates; (iii) the Pass-Through Rate for each Class Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency, the Targeted Overcollateralization Amount and the Monthly Excess Interest Amount as of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application fees and expenses of the amounts described in clause (ii) above to the allocation Trust accrued and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, paid on the next such Distribution Date in accordance with this Agreementand to whom such fees and expenses were paid; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal related Collection Period (including the general purpose of each Class of Offered Certificates such Advances to be paid on the extent such Distribution Date and information is provided to the remaining Certificate Balance of each Class of Offered Certificates following any such paymentTrustee by the Servicer); (vi) the amount Pool Balance at the close of Insured Payments, if any; (vii) business at the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (viii) whether the number and aggregate unpaid Principal Balance of Mortgage Loans (a) 30 to 59 days past due on a Fairbanks Termination Trigger Eventcontractual basis, Wilshire Termination Trigger Event (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a GreenPoint Termination Trigger Event has occurredcontractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) the amount of the distribution with respect to each Class any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of Offered Certificates (based on a Certificate in such Mortgage Loan, the original unpaid principal amount balance and the Principal Balance of $1,000)such Mortgage Loan as of the date it became an REO Property; (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount book value of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiii) the Certificate Principal Balance or Notional Amount, as applicable, of each Class of Certificates (other than the Residual Certificates), after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xiv) the Accrued Certificate Interest in respect of each Class of Class A Certificates, Mezzanine Certificates and Class B Certificates for such Distribution Date, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date and the amount of any Net WAC Rate Carryover Amounts; (xv) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvi) the Net WAC Rate Carryover Amounts distributed on such Distribution Date and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxvxvii) whether a Stepdown Date or Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xviii) the book value Available Funds; (xix) the rate at which interest accrues for each Class of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure Certificates for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the such Distribution Date; (xxvixx) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Report for such Distribution Date; (xxixxxi) the number and Stated aggregate Principal Balance of Mortgage Loans that are being contested because purchased by the Servicer or Sponsor during the related Collection Period and indicating the Section of Section 32 this Agreement requiring or allowing the purchase of the Truth in Lending Acteach such Mortgage Loan; (xxxxxii) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgagesany Net Swap Payments or Swap Termination Payments; and e. other; (xxiii) the applicable Record Date, Interest Accrual Period, Determination Date, Distribution Date and any other applicable determination dates for calculating distributions for such Distribution Date. The Trustee’s responsibility for providing the above statement is limited to the availability, timeliness and accuracy of the information derived from the Servicer. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close of business on Cut-off Date. Parties that are unable to use or access the last Business Day Trustee’s website are entitled to have a paper copy of the related Collection Period;above statement mailed to them by first class mail by calling the Trustee at (▇▇▇) ▇▇▇-▇▇▇▇. (xxxib) Within a reasonable period of time after the number and Pool Balance with respect end of each calendar year, the Trustee shall furnish to each product type Person who at any time during the calendar year was a Certificateholder of all Mortgage Loans a Regular Certificate, if requested in Chapter 13 writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the United States Bankruptcy Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. ("CHAPTER 13 LOANS"c) separately identifying: a. those Chapter 13 Loans On each Distribution Date, the Trustee shall forward to the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 substantially comparable information shall be prepared and furnished to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 Residual Certificateholders by the Trustee pursuant to 3 payments behind their payment plan;any requirements of the Code as from time to time in force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (C-Bass Mortgage Loan Trust 2007-Cb3)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ , a statement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount of the distribution made on deposit in such Distribution Date to the Certificate Account Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the applicable Record Date, accrual date and Determination Date; (iii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, separately identified; (iv) the Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for such Distribution Date; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of servicing compensation received by the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and Servicer during the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the aggregate amount of Insured Payments, if anyAdvances for the related Collection Period; (vii) the amount, if any, of any Realized Losses for Pool Balance and the related Collection Period in the aggregate, Loan Group Balance for each Class Loan Group at the close of Offered Certificates and business at the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Eventseparately stated for each Loan Group, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredthe number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (ix) separately stated for each Loan Group, the amount number and aggregate unpaid principal balance of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class bankruptcy as of the Offered Certificates (based close of business on a Certificate in the original principal amount last day of $1,000) which will be outstanding after giving effect to any payment of principal on the calendar month preceding such Distribution Date; (xiiix) separately stated for each Loan Group, with respect to any Mortgage Loan that became an REO Property during the aggregate Pool preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of all such Mortgage Loans, Loan as of the last day of the related Collection Perioddate it became an REO Property; (xivxi) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent separately stated for each Loan Group, the book value of the preceding three months any REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xii) separately stated for each Loan Group, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiv) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xv) separately stated for each Loan Group, any material modifications, extensions or waivers to the terms, fees, penalties or payments of the related Mortgage Loans; (xvi) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xvii) the Accrued Certificate Interest in respect of each Class of the Class A, Class M and Class B Certificates for such Distribution Date, separately identifying the portions thereof attributable to Net WAC Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xix) any amounts to be deposited in the Reserve Account pursuant to the Cap Contracts as described in Section 4.02(f) and the amount thereof to be paid to the Class AV or Class M Certificates; (xx) the balance of the Reserve Account as of such Distribution Date; (xxi) the amount of the Trustee Fee paid; (xxii) the Net WAC Carryover Amounts distributed on such Distribution Date; (xxiii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxiv) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution DateAvailable Funds; (xxvi) the number rate at which interest accrues for each Class of Mortgage LoansCertificates for such Distribution Date; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection PeriodReport for such Distribution Date; (xxviii) the number and Stated aggregate Principal Balance of all Mortgage Loans that are subject to loss mitigation as purchased by the Servicer or Sponsor during the related Collection Period and indicating the Section of this Agreement requiring or allowing the close purchase of business on the last Business Day of the calendar month next preceding the Distribution Date;each such Mortgage Loan; and (xxix) the number and Stated aggregate Principal Balance of the Mortgage Loans repurchased by the Servicer (or an affiliate) during the related Collection Period in connection with Section 3.16. Parties that are being contested because unable to use ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇ are entitled to have a paper copy mailed to them via first class mail by calling the Trustee at (▇▇▇) ▇▇▇-▇▇▇▇ and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of Section 32 information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the Truth in Lending Act; (xxx) the report as a dollar amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxxic) On each Distribution Date, the number and Pool Balance with respect Trustee shall make available to each product type of all Mortgage Loans in Chapter 13 the Residual Certificateholders a copy of the United States Bankruptcy reports made available to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Residual Certificateholders by the Trustee pursuant to any requirements of the Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 as from time to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;time in force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Ownit Mortgage Loan Trust, Series 2006-1)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each OwnerCertificateholder, the ServicersSeller, the Certificate Insurer and the Rating Agencies Agency, a statement setting forth based, as applicable, on loan-level information obtained from and the following informationServicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, amount of the Basis Risk Carry Forward Amount, if any, and distribution made on such Distribution Date to the Principal Distribution Amount, with respect to Holders of each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateallocable to interest; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and LIBOR applicable to the Certificates Subordinate Prepayment Percentage with respect to such each Loan Group for the following Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to the Household Mortgage Loans distributable enable Certificateholders to the Class P Certificates, on the next Distribution Date in accordance with this Agreementprepare their tax returns; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date related Due Period and the remaining Certificate Balance amount of each Class of Offered Certificates following any such paymentunreimbursed Advances; (vi) the amount of Insured Payments, if any[reserved]; (vii) the amount, if any, of any Realized Losses for the Loan Group Balance and related Collection Period in the aggregate, Net WAC and Net WAC Cap for each Class Loan Group at the Close of Offered Certificates and Business at the amount of Cumulative Realized Losses as of the last day end of the related Collection Due Period; (viii) whether a Fairbanks Termination Trigger Eventfor each Loan Group, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredthe aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the amount aggregate Principal Balance of the distribution with respect to each Class One-Month LIBOR Indexed Mortgage Loans at the Close of Offered Certificates (based on a Certificate in Business at the original principal amount end of $1,000)the related Due Period; (x) for each Loan Group, the amount of such distribution allocable to principal aggregate Principal Balance of the COFI Indexed Mortgage Loans, separately identifying Loans at the aggregate amount Close of any Principal Prepayments, Loan Purchase Price amounts or other recoveries Business at the end of principal included thereinthe related Due Period; (xi) for each Loan Group, the amount number, weighted average remaining term to maturity and weighted average Loan Rate of such distribution allocable to interest on the related Mortgage Loans (based on a Certificate in as of the original principal amount of $1,000)related Due Date; (xii) the number and aggregate unpaid principal amount, if any, balance of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of in the last day of the related Collection Period; aggregate and for each Loan Group, (xiva) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C30 to 59 days Delinquent, (b) of the Code 60 to assist the Certificateholders in computing their market discount; 89 days Delinquent, (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days 90 or more Delinquent for days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each of the preceding three months case as of the close of business on the last Business Day day of the preceding calendar month next preceding the Distribution Datemonth; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-9)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, any NIMS Insurer, the Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following information, in each case, with respect to such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) [Reserved]; (iv) the aggregate amount of Servicing Fees, Master Servicing Fees and Credit Risk Manager’s Fees for the related Due Period; (v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Loan Group Balance for each Loan Group and the Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (vii) [Reserved]; (viii) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) for each Loan Group, the number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, using the MBA method; (xii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiii) for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xv) the Class Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) for each Loan Group, the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxii) the amount of any Basis Risk Shortfall and Unpaid Basis Risk Shortfall, if any, for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxiii) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxiv) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the Certificates (xxv) the amount of any Unpaid Interest Shortfall Amount; (xxvi) the amount of any Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxvii) the Overcollateralized Amount for that Distribution Date; (xxviii) the Overcollateralization Target Amount for that Distribution Date; (xxix) the number of Mortgage Loans and the aggregate Stated Principal Balance of Mortgage Loans that have negative amortization; and (xxx) the amount of any Class P Distributable Amount. The Securities Administrator shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-off Date. In addition to the related Accrual Period information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to any NIMS Insurer and LIBOR applicable each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person or any NIMS Insurer, such information as is reasonably necessary to the Certificates with respect provide to such Distribution Date; Person or any NIMS Insurer a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a Certificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Harborview 2006-8)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall (i) prepare and forward by mail to each Holder of the Regular Certificates and (ii) make available on its website initially located at www.usbank.com/abs for access by e▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ ▇▇ ▇▇▇ Regular Certificates, a statement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances in respect of the interest Trust Fund and principal of each Class of Offered Certificates to be paid on such Distribution Date and Loan Group for the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount Pool Balance and each Group Balance at the close of Insured Payments, if any; (vii) business at the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ixvii) the amount of the distribution with respect number, weighted average remaining term to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal maturity and weighted average Mortgage Interest Rate of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of Trust Fund and in each Class Loan Group as of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution related Due Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xviiviii) the number and Stated Principal Balance aggregate unpaid principal balance of the Mortgage Loans that were in the Trust Fund and in each Loan Group (a) 30 to 59 days past due on a contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more Delinquent for each of the preceding three months days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last Business Day day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (C-Bass Mortgage Loan Asset-Backed Certificates Series 2005-Cb1)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller and each Rating Agency, a statement based on loan-level information obtained from the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Subgroup for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Pool Balance for such Distribution Date; (vii) the Loan Subgroup Balance, the Non-PO Loan Group Balance and related Net WAC for each Loan Subgroup at the Close of Business at the end of the related Due Period; (viii) [Reserved]; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Subgroup, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Subgroup, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, in each case, using the MBA method; (xiii) the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Subgroup as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Subgroup made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Subgroup and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or after giving effect to any distribution made thereon, on such Distribution Date; (xvi) the Class Principal Balance or Class Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Subgroup; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current and cumulative Recoveries allocable to each Loan Subgroup; (xxiv) current and cumulative PO Recoveries allocable to Subgroup 1; and (xxv) the amount of any Class P Distributable Amount for such Distribution Date. The Trustee shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “h▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇.▇▇▇/▇▇▇▇.” Assistance in using the website can be obtained by calling the Trustee customer service desk at (▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Trustee shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-off Date. In addition to the related Accrual Period and LIBOR applicable information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the Certificates with respect calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Distribution Date; Person a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberTrustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (RBSGC 2007-A)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon, with respect to the Class 1A-1, Class 2A-1, Class 2A-2 and Class 2A-3 Certificates; (xxiv) the amount of compensation received by the Trustee during the related Due Period; (xxv) the amount of compensation received by the Custodian during the related Due Period; (xxvi) the amount of any Lender-Paid Mortgage Insurance Fees paid; (xxvii) for each Loan Group, the amount of Deferred Interest, if any, for such Loan Group, and (xxviii) the amount of Deferred Interest, if any, added to the Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Trustee shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued Certificate Interestamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, Interest Shortfall Carryforward Amountthe Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates information set forth in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Trustee shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberTrustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc Harborview Mort Ln Tr 03 3)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on the Remittance Report obtained from the Master Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) [Reserved]; (iv) the amount of servicing compensation received by the Servicer during the related Due Period; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) [Reserved]; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Principal Balance of each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(d); (xxiii) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon, with respect to the LIBOR Certificates; (xxiv) [reserved]; (xxv) [reserved]; (xxvi) [reserved]; (xxvii) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxviii) the amount of Net Deferred Interest, if any, added to the Certificate Principal Balance of the related Certificates; (xxix) current Recoveries allocable to each Loan Group; (xxx) cumulative Recoveries allocable to each Loan Group; (xxxi) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxxii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxxiii) the Overcollateralization Amount for that Distribution Date; (xxxiv) the Overcollateralization Target Amount for that Distribution Date (xxxv) for each Loan Group, the aggregate minimum amount of payments required to be made in respect of interest and principal on the Mortgage Loans. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Ownerand the Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the Servicersamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the Rating Agencies calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement setting containing the information set forth the following information: in subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Securities Administrator shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2005-Ar6)

Statements. (a) Based solely upon Two Business Days prior to the Auction Distribution Date, the Securities Administrator shall make available to the Auction Administrator, and concurrently with each distribution to Certificateholders, the Securities Administrator shall make available to each Certificateholder, the Seller, the Master Servicer, the Trustee, the Yield Maintenance Counterparty and the Rating Agencies, a statement based, as applicable, on loan-level information provided to it by the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account shall be based on information provided by the Yield Maintenance Counterparty regarding any Yield Maintenance Amounts required to be paid by the Yield Maintenance Counterparty for the related Distribution Date pursuant to Section 7.08(dthe Yield Maintenance Agreements. The Distribution Date Statement shall include the following: (i) hereofthe amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest, not later including any Required Reserve Fund Deposits; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Available Funds Cap for each Class of Senior Certificates (other than the Class A-X Certificates) on such Distribution Date; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) the aggregate Principal Balance of the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) the aggregate Principal Balance of the Six-Month LIBOR Indexed, One-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) the amount of the Master Servicer Fees paid to or retained by the Master Servicer; (xi) the aggregate amount of Servicer Fees paid to or retained by the Servicers; (xii) the amount of fees, expenses or indemnification amounts paid by the Trust with an identification of the general purpose of such amounts and the party receiving such amounts; (xiii) for each Loan Group, the number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xiv) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xv) the rolling six-month delinquency rate for that Distribution Date; (xvi) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xvii) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xviii) the aggregate amount of Realized Losses for each Loan Group and Recoveries incurred during the related Due Period and the cumulative amount of Realized Losses and Recoveries as of such Distribution Date; (xix) the cumulative amount of Realized Losses for each Loan Group; (xx) the Realized Losses and Recoveries, if any, allocated to each Class of Certificates on the related Distribution Date; (xxi) the Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xxii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xxiii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xxiv) the Available Funds with respect to each Loan Group; (xxv) the Pass-Through Rate for each Class of Certificates for such Distribution Date and, through the Auction Distribution Date, the Trustee level of LIBOR used to determine the applicable Pass-Through Rate; (xxvi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or TMI during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxvii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxviii) (A) the amounts paid to each Class of Senior Certificates (other than the Class A-X Certificate) from Yield Maintenance Amounts received from the Yield Maintenance Counterparty for such period in reduction of any Available Funds Cap Shortfalls, expressed as a per annum rate and as a dollar amount, (B) the amounts paid to the Class A-X Certificates from the excess Yield Maintenance Amounts expressed as a per annum rate and as a dollar amount and (C) the notional balances on each Yield Maintenance Agreement for such Distribution Date; (xxix) the amount of any Unpaid Available Funds Cap Shortfall (if applicable) and the related accrued interest thereon, with respect to the Class A-1, Class A-2 and Class A-3 Certificates following the distributions and allocations made in respect of such Certificates on such Distribution Date; (xxx) the amount of any Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the earlier of the Distribution Date in January 2036 and the termination of the Trust, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxxi) on the Auction Distribution Date, the Par Price (as defined in the Auction Administration Agreement) for each Class of Auction Certificates as reported to the Master Servicer by the Securities Administrator; and (xxxii) the total number of Mortgage Loans in the aggregate and the aggregate Stated Principal Balance in the aggregate and separately for each of the Three-Year, Five-Year, Seven-Year and Ten-Year Hybrid Mortgage Loans, in each case at the close of business at the end of the related Due Period. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall make available on its website initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the $1,000 original dollar amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Cut-Off Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2006-1)

Statements. (a) Based solely upon the On each Distribution Date, based, as applicable, on information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than each Distribution DateServicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicers and the Rating Agencies, a statement as to the distributions made on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Overcollateralized Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period; (vi) the Pool Balance at the Close of Business at the end of the related Due Period; (vii) the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Determination Date; (viii) the number and aggregate unpaid Stated Principal Balance of Mortgage Loans that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the Close of Business on the last day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [reserved]; (x) the total number and cumulative Stated Principal Balance of all REO Properties as of the Close of Business of the last day of the preceding Prepayment Period and the number and aggregate Stated Principal Balance of all Subsequent Mortgage Loans added during the Funding Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xii) the aggregate amount of Realized Losses incurred during the related Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance of each Class of Floating Rate Certificates and the Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xv) the Monthly Interest Distributable Amount in respect of each Class of Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each Class of Floating Rate Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the related Servicer pursuant to Section 3.24; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the Net WAC Rate Carryover Amount for each Class of Floating Rate Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the distribution of principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the Available Funds; (xxii) the respective Pass-Through Rates applicable to each Class of Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Floating Rate Certificates for the immediately succeeding Distribution Date; (xxiii) payments, if any, made under the Cap Contract; and (xxiv) the amount on deposit in the Pre-Funding Account and the Interest Coverage Account; and (xxv) for the distribution occurring on the Distribution Date immediately following the end of the Funding Period, the balance on deposit in the Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans, as applicable, and that is being distributed to the Class A Certificates as a mandatory distribution of principal, if any, on such Distribution Date. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the Rating Agencies via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “h▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇.▇▇▇/▇▇▇▇”. Assistance in using the website can be obtained by calling the Trustee’s customer service desk at (▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the Depositor, each Ownerabove parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. As a condition to access to the Trustee’s internet website, the Servicers, the Certificate Insurer Trustee may require registration and the Rating Agencies acceptance of a statement setting forth disclaimer. The Trustee will not be liable for the following information: (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes dissemination of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date information in accordance with this Agreement;. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-off Date. (vb) Within a reasonable period of time after the Certificate Balance end of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificatescalendar year, the aggregate amount Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the interest Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and principal furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Class Distribution Date, the Trustee shall make available to the Residual Certificateholders a copy of Offered Certificates the reports forwarded to be paid on the Regular Certificateholders in respect of such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent;Trustee deems necessary or appropriate. (xixd) Within a reasonable period of time after the Stated Principal Balance end of each calendar year, the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the largest Mortgage Loans outstanding; (xx) Trustee shall be deemed to have been satisfied to the number, aggregate Stated Principal Balances extent that substantially comparable information shall be prepared and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as furnished to Certificateholders by the Trustee pursuant to any requirements of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are Code as from time to time in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Soundview Home Loan Trust 2005-2)

Statements. (a) Based solely upon the On each Distribution Date, based, as applicable, on information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than each Distribution DateServicer, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to each Holder of the Depositor, each OwnerRegular Certificates, the Servicers, the Certificate Insurer Servicer and the Rating Agencies Agencies, a statement setting forth (the following information"Distribution Date Statement") as to the distributions made on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for such Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]; (vii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (viii) the Loan Group Balance for each Loan Group at the Close of Business on deposit the last Business Day of the related Due Period; (ix) Net WAC with respect to each Loan Group; (x) the number, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans in each Loan Group as of the related Due Date; (xi) separately stated for each Loan Group, the number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the Close of Business on the last day of the calendar month preceding such Distribution Date; (xii) separately for each Loan Group, the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xiv) [reserved]; (xv) separately for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Account Principal Balance of each Class of Certificates (other than the Class X Certificates) after giving effect to any distributions made thereon on such Distribution Date, and the Class Certificate Notional Balance of the Class X Certificates as of such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of the Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (iixviii) the Accrued Certificate Interest, aggregate amount of any Prepayment Interest Shortfalls and the Unpaid Interest Shortfall Carryforward AmountAmount for such Distribution Date, if anyto the extent not covered by payments by the Servicer pursuant to Section 3.24 hereof, in each case by Loan Group; (xix) the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, Loan Group Available Funds with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateLoan Group; (iiixx) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to for such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans;; and (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of purchased by the Truth in Lending Act; (xxx) Servicer or the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of Seller during the related Collection Period; (xxxi) the number and Pool Balance Due Period with respect to each product type Loan Group, and indicating the Section of this Agreement requiring or allowing the purchase of each such Mortgage Loan. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee's internet website and will forward the Distribution Date Statement to each Rating Agency. The Trustee's internet website shall initially be located at "www.ctslink.com". Assistance in u▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇e or the fax-on-demand service can be obtained by calling the Trustee's customer service desk at (301) 815-6600. Parties that are ▇▇▇▇▇▇ ▇▇ ▇▇▇ the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and requesting same. The Trustee shall have the right to change the way Distribution Date Statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all the above parties regarding any such changes. The Trustee's obligations pursuant to this Section 4.04 are limited to the extent of its receipt of all Mortgage Loans necessary information from the Servicer. The Trustee may fully rely upon and shall have no liability with respect to information provided by the Servicer. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in Chapter 13 a separate section of the United States Bankruptcy report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. ("CHAPTER 13 LOANS"c) separately identifying: a. those Chapter 13 Loans On or before January 31 of each year, the Servicer, on behalf of the Trust, shall provide the Trustee with written notice listing all Distribution Date Statements with respect to Distribution Dates occurring in the prior calendar year that are currently meeting their payment plan; b. those Chapter 13 Loans were included in a Form 8-K filing pursuant to Section 3.22(b), provided, that are 1 if no Form 10-K is required to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 be filed for such prior calendar year, no written notice shall be required. No later than March 15 of each year in which such written notice is provided by the Servicer to 3 payments behind their payment plan;the Trustee, the Trustee shall sign a certification (in the form attached hereto as Exhibit P), for the benefit of the Person(s) signing the Form 10-K Certification, regarding certain aspects Form 10-K Certification.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Seller, any NIMS Insurer, the Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following information, in each case, with respect to such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) [Reserved]; (iv) the aggregate amount of Servicing Fees, Master Servicing Fees and Credit Risk Manager’s Fees for the related Due Period; (v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Loan Group Balance for each Loan Group and the Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (vii) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (viii) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) for each Loan Group, the number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, using the MBA method; (xii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiii) for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xv) the Class Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) for each Loan Group, the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxii) the amount of any Basis Risk Shortfall and Unpaid Basis Risk Shortfall, if any, for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxiii) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxiv) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxv) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxvi) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the Certificates (xxvii) the amount of any Unpaid Interest Shortfall Amount; (xxviii) the amount of any Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the earlier of (i) the Distribution Date in September 2026 and (ii) the termination of the Trust, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxix) the Overcollateralized Amount for that Distribution Date; (xxx) the Overcollateralization Target Amount for that Distribution Date; (xxxi) the amount of any Class P Distributable Amount; and (xxxii) the amount on deposit in the Prefunding Account in the aggregate and for each Loan Group (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the Distribution Date in the month following the end of the Prefunding Period). The Securities Administrator shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Ownerand the Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the Servicersamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Initial Cut-off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to any NIMS Insurer, the Certificate Insurer and each Person who at any time during the Rating Agencies calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer a statement setting containing the information set forth the following information: in subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interestabove, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a Certificateholder and the Principal Distribution Amount, with respect such other customary information which a Certificateholder reasonably requests to each Class individually, all Classes prepare its tax returns. Such obligation of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable Securities Administrator shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Dsla 2006-Ar2)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, any NIMS Insurer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Servicer, the Swap Provider and the Basis Risk Cap Provider (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following information, in each case, with respect to such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) [Reserved]; (iv) the aggregate amount of Servicing Fees for the related Due Period; (v) the amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Net WAC at the Close of Business at the end of the related Due Period; (vii) the Pool Balance for such Distribution Date; (viii) the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (ix) the number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (x) the number and aggregate unpaid principal balance of the related Mortgage Loans, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, using the OTS method; (xi) the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Due Period; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xiv) the Class Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xv) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Available Funds; (xviii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xix) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xx) current Recoveries; (xxi) cumulative Recoveries; (xxii) the amount of any Basis Risk Shortfall, if any, for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxiii) the amount of any Unpaid Interest Shortfall Amount or Basis Risk Shortfalls (if applicable); (xxiv) the Overcollateralized Amount for that Distribution Date; (xxv) the Overcollateralization Target Amount for that Distribution Date; (xxvi) the amount of any payments made by the Basis Risk Cap Provider to the Basis Risk Cap Account made pursuant to Section 5.09; (xxvii) the amount of any Net Swap Payment to the Supplemental Interest Trust made pursuant to Section 5.10, any Net Swap Payment to the Swap Provider made pursuant to Section 5.10, any Swap Termination Payment to the Supplemental Interest Trust made pursuant to Sections 5.10 and any Swap Termination Payment to the Swap Provider made pursuant to Section 5.10; The Trustee shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Trustee’s customer service desk at 1-▇▇▇-▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Trustee shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-off Date. In addition to the related Accrual Period information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to any NIMS Insurer and LIBOR applicable each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person or any NIMS Insurer, such information as is reasonably necessary to the Certificates with respect provide to such Distribution Date; Person or any NIMS Insurer a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a Certificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberTrustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView 2006-11)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) Reserved; (x) Reserved; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreement, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at ▇▇▇.▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Trustee shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the related Accrual Period and LIBOR applicable calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to the Certificates with respect provide to such Distribution Date; Person a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberTrustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Greenwich HarborView Mortgage Loan Trust 2005-1)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the ServicersCertificateholder, the Certificate Insurer Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Rating Agencies a statement setting forth Servicer (the following information“Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, amount of the Basis Risk Carry Forward Amount, if any, and distribution made on such Distribution Date to the Principal Distribution Amount, with respect to Holders of each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateallocable to interest; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and LIBOR applicable to the Certificates Subordinate Prepayment Percentage with respect to such each Loan Group for the following Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to the Household Mortgage Loans distributable enable Certificateholders to the Class P Certificates, on the next Distribution Date in accordance with this Agreementprepare their tax returns; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date related Due Period and the remaining Certificate Balance amount of each Class of Offered Certificates following any such paymentunreimbursed Advances; (vi) the amount of Insured Payments, if anyPool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the amount, if any, of any Realized Losses for the Loan Group Balance and related Collection Period in the aggregate, Net WAC and applicable Net WAC Cap for each Class Loan Group at the Close of Offered Certificates and Business at the amount of Cumulative Realized Losses as of the last day end of the related Collection Due Period; (viii) whether a Fairbanks Termination Trigger Eventfor each Loan Group, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredthe aggregate Principal Balance of the One-Month MTA and LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000)[Reserved]; (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein[Reserved]; (xi) for each Loan Group, the amount number, weighted average remaining term to maturity and weighted average Loan Rate of such distribution allocable to interest on the related Mortgage Loans (based on a Certificate in as of the original principal amount of $1,000)related Due Date; (xii) the number and aggregate unpaid principal amount, if any, balance of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of in the last day of the related Collection Period; aggregate and for each Loan Group, (xiva) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C30 to 59 days Delinquent, (b) of the Code 60 to assist the Certificateholders in computing their market discount; 89 days Delinquent, (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days 90 or more Delinquent for days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each of the preceding three months case as of the close of business on the last Business Day day of the preceding calendar month next preceding month, in each case, using the Distribution DateMBA method; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xixxiii) the Stated Principal Balance book value (if available) of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, any REO Property as of the close Close of business Business on the last Business Day of the calendar month next preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Principal Balance or Class Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the aggregate number and aggregate Stated Principal Balance respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Mortgage LoansCertificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxi) the status, aggregate Principal Balance of Mortgage Loans purchased hereunder by the numberSeller during the related Due Period, and indicating the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as relevant section of the close Servicing Agreement, or the Section of business on this Agreement, as applicable, requiring or allowing the last Business Day purchase of the calendar month next preceding each such Distribution DateMortgage Loan; (xxii) the number amount of Mortgagors and the Stated any Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 Deficiency Amounts or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution DateAccrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Datecurrent Recoveries allocable to each Loan Group; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as cumulative Recoveries allocable to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Dateeach Loan Group; (xxv) the book value amount of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of Basis Risk Shortfall, if any, and the close of business on the last Business Day of the calendar month next preceding the Distribution Daterelated accrued interest thereon; (xxvi) for each Loan Group, the number amount of Mortgage LoansDeferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable Deferred Interest, if any, added to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day Class Principal Balance of the related Collection PeriodCertificates; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as amount of the close of business on the last Business Day of the calendar month next preceding the Distribution DateCertificate Insurer Reimbursement Amount, if any; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of Deficiency Amount, if any, to be paid by the Truth in Lending ActCertificate Insurer; (xxx) the amount number of current mortgage loans and cumulative Realized Losses (separately identifying the aggregate principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as balance of the close of business on the last Business Day of the related Collection Periodmortgage loans that have negatively amortized in each Loan Group; (xxxi) the number amount of any Class X-1 Distributable Amount, Class X-2 Distributable Amount and Pool Balance Class X-B Distributable Amount; (xxxii) the aggregate amount of any insurance claim payments received with respect to each product type of all Mortgage Loans in Chapter 13 the Bulk PMI Policy during the related Due Period; and (xxxiii) the amount of the United States Bankruptcy Code Bulk PMI Fee paid during the Due Period to which such distribution relates. The Trustee shall make the Distribution Date Statement ("CHAPTER 13 LOANS"and, at its option, any additional files containing the same information in an alternative format) separately identifyingavailable each month to Certificateholders and the other parties to this Agreement via the Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “▇▇▇▇▇: a. those Chapter 13 Loans //▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are currently meeting their payment plan;unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-off Date. b. those Chapter 13 Loans (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are 1 in force from time to 2 payments behind their payment plan;time. c. those Chapter 13 Loans that are 2 (c) On each Distribution Date, the Trustee shall supply an electronic tape to 3 payments behind their payment plan;Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Pooling Agreement (Harborview 2006-5)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) [reserved] (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) the amount of any unpaid Basis Risk Shortfall or Unpaid Basis Risk Shortfall (if applicable) and the related accrued interest thereon, with respect to the LIBOR Certificates; (xxiv) current Recoveries allocable to each Loan Group; and (xxv) cumulative Recoveries allocable to each Loan Group. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued Certificate Interestamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, Interest Shortfall Carryforward Amountthe Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates information set forth in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Securities Administrator shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-4)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.www.jpmorgan.com/sfr, a statement as to the distributions made on such ▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following information: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount Pool Balance at the close of Insured Payments, if any; (vii) business at the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (viii) whether the number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days past due on a Fairbanks Termination Trigger Eventcontractual basis, Wilshire Termination Trigger Event (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a GreenPoint Termination Trigger Event has occurredcontractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) the amount of the distribution with respect to each Class any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of Offered Certificates (based on a Certificate in such Mortgage Loan, the original unpaid principal amount balance and the Principal Balance of $1,000)such Mortgage Loan as of the date it became an REO Property; (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount book value of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Offered Certificates for such Distribution Date, separately identifying the portions thereof attributable to LIBOR Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) [Reserved]; (xviii) [Reserved]; (xix) the amount of the Trustee Fee paid; (xx) the LIBOR Carryover Amounts distributed on such Distribution Date and the portion thereof constituting LIBOR Carryover Amounts, the amount of all LIBOR Carryover Amounts covered by withdrawals from the Reserve Account and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure Liquidation Report for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the such Distribution Date; (xxvi) the number aggregate Principal Balance of Mortgage LoansLoans purchased by the Servicer or Seller during the related Collection Period and indicating the Section of this Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (Principal Balance of the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from repurchased by the Trust; as of the close of business on the last Business Day of Servicer (or an affiliate) during the related Collection Period;Period in connection with Section 3.16. (xxviii) the number amount of Subsequent Recoveries received during the related Prepayment Period. Parties that are unable to use http://www.jpmorgan.com/sfr are entitled to have a paper copy mailed to ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ by calling the Trustee at (877) 722-1095 and Stated Principal Balance of indicating such. The Trustee shall have the right to ▇▇▇▇▇▇ ▇▇▇ ▇▇y such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans that are subject provided by the Servicer. In the case of information furnished pursuant to loss mitigation subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the calendar month next preceding Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date; (xxix) , the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 Trustee shall make available to the Residual Certificateholders a copy of the Truth reports made available to the Regular Certificateholders in Lending Act; (xxx) respect of such Distribution Date with such other information as the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as Trustee deems necessary or appropriate. Such obligation of the close of business on Trustee shall be deemed to have been satisfied to the last Business Day extent that substantially comparable information shall be prepared and furnished to Residual Certificateholders by the Trustee pursuant to any requirements of the related Collection Period; (xxxi) the number and Pool Balance with respect Code as from time to each product type of all Mortgage Loans time in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp C-Bass Mortgage Loan Asset-Backed Certificates, Series 2004-Cb5)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Trustee Mortgage Loan information contained in the Remittance Report, the Certificate Administrator shall make available prepare and post on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ and forward by mail to each Holder of the Regular Certificates, a statement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period and accrued and unpaid Special Servicing Fees; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount Pool Balance at the close of Insured Payments, if any; (vii) business at the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (viii) whether the number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days past due on a Fairbanks Termination Trigger Eventcontractual basis, Wilshire Termination Trigger Event (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a GreenPoint Termination Trigger Event has occurredcontractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) the amount of the distribution with respect to each Class any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of Offered Certificates (based on a Certificate in such Mortgage Loan, the original unpaid principal amount balance and the Principal Balance of $1,000)such Mortgage Loan as of the date it became an REO Property; (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount book value of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviiixi) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the aggregate amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of Principal Prepayments made during the related Collection Prepayment Period; (xxxixii) the number aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and Pool Balance with respect the amounts thereof allocable to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment planClass N Certificates and the Class X Certificates; b. those Chapter 13 Loans that are 1 (xiii) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to 2 payments behind their payment planthe distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (C Bass Mortgage Loan Asset Backed Certs Ser 2002 Cb1)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ , a statement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies distributions made on such Distribution Date (a statement setting forth the following information:“Monthly Statement”): (i) the aggregate amount on deposit in date of such Distribution Date and the Certificate Account on Determination Date and LIBOR Determination Date for such Distribution Date; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyfor each Class, the Basis Risk Carry Forward Amount, if any, applicable Record Date and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateInterest Accrual Period; (iii) the Pass-Through Rate for amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates applicable allocable to principal or reduction of Notional Amount, separately identified; (iv) the amount of the distribution made on such Distribution Date to the related Accrual Period Holders of each Class of Certificates allocable to interest or Class CE Distributable Amount, separately identified; (v) the Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and LIBOR applicable to the Certificates with respect to Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for such Distribution Date; (ivvi) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of servicing compensation received by the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and Servicer during the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if anyrelated Collection Period; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the aggregate amount of Cumulative Realized Losses as of the last day of Advances for the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance at the close of all Mortgage Loans, as of business at the last day end of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xvix) the weighted average interest rate of the Mortgage Loans; (xvi) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage LoansLoans as of the related Due Date; (xviix) the number and Stated aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days past due on a contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of the such Mortgage Loans that were 60 days or more Delinquent for each Loan as of the preceding three months date it became an REO Property; (xii) the book value of any REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xiii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiv) the aggregate amount of Prepayment Penalties collected (including amounts deposited in connection with the full or partial waiver of such Prepayment Penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class P Certificates; (xv) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xvi) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xvii) the Accrued Certificate Interest in respect of each Class of Fixed-Rate and Floating Rate Certificates for such Distribution Date, separately identifying the portions thereof attributable to Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xxvxviii) the book value aggregate amount of any real estate acquired through foreclosure or grant Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xix) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of a deed in lieu of foreclosure for all the Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day day of the related Collection Period; (xx) the amount of any Cap Payment, Net Swap Payments, Net Swap Receipts, Swap Termination Payments or Defaulted Swap Termination Payments, for such Distribution Date; (xxi) the amount of the Trustee Fee paid; (xxii) the Cap Carryover Amounts distributed on such Distribution Date and the portion thereof constituting Cap Carryover Amounts, the amount of all Cap Carryover Amounts covered by withdrawals from the Cap Carryover Reserve Account and the Swap Account and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxiii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxiv) whether a Trigger Event has occurred and is continuing (including the calculation thereof and the aggregate outstanding balance of all 60+ Day Delinquent Mortgage Loans) and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxv) the Interest Remittance Amount and the Principal Remittance Amount; (xxvi) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxvii) [Reserved]; (xxviii) the number and Stated aggregate Principal Balance of all Mortgage Loans that are subject to loss mitigation as purchased by the Servicer or Seller during the related Collection Period and indicating the Section of this Agreement requiring or allowing the close purchase of business on the last Business Day of the calendar month next preceding the Distribution Dateeach such Mortgage Loan; (xxix) the number and Stated aggregate Principal Balance of the Mortgage Loans that are being contested because of repurchased by the Servicer (or an affiliate) during the related Collection Period in connection with Section 32 of the Truth in Lending Act3.16; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of Subsequent Recoveries received during the related Collection Prepayment Period; (xxxi) whether a 40-Year Trigger Event has occurred and is continuing; (xxxii) material breaches of Mortgage Loan representations and warranties of which the number Trustee or Servicer has knowledge or has received written notice; and (xxxiii) material breaches of any covenants under this Agreement of which the Trustee or Servicer has knowledge or has received written notice. Parties that are unable to use ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ are entitled to have a paper copy mailed to them via first class mail by calling the Trustee’s transaction manager at (▇▇▇) ▇▇▇-▇▇▇▇ and Pool Balance indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to each product type of all information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (iii) through (v) above, the amounts shall be expressed in Chapter 13 a separate section of the United States Bankruptcy report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder (other than the Residual Certificateholders), if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (iii), (iv), (xvii) and (xxii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. ("CHAPTER 13 LOANS"c) separately identifying: a. those Chapter 13 Loans On each Distribution Date, the Trustee shall make available to the Residual Certificateholders a copy of the reports made available to the Certificateholders pursuant to Section 4.06(b) in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 substantially comparable information shall be prepared and furnished to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 Residual Certificateholders by the Trustee pursuant to 3 payments behind their payment plan;any requirements of the Code as from time to time in force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (C-Bass 2007-Cb5 Trust)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on the Remittance Report obtained from the Master Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the amount of servicing compensation received by the Servicer during the related Due Period; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Loan Group Balance and the Non-PO Loan Group Balance, and the related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (vii) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (viii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (ix) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (x) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xi) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses, if any, allocated to each Class of Certificates and the PO Components; (xii) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xiii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xiv) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xv) the Available Funds with respect to each Loan Group; (xvi) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xvii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xviii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xix) the amount of compensation received by the Trustee during the related Due Period; (xx) the amount of compensation received by the Custodian during the related Due Period; (xxi) current and cumulative Recoveries; (xxii) current and cumulative PO Recoveries; (xxiii) current and cumulative Charged-off Recoveries; and (xxiv) the aggregate amount of Charged-off Amounts incurred during the related Due Period and the cumulative amount of Charged-off Amounts, if any, allocated to any Class of Certificates or the PO Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued Certificate Interestamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, Interest Shortfall Carryforward Amountthe Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates information set forth in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; subclauses (i) through (iii) and (xvii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Securities Administrator shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Charlie Mac Trust 2004-2)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Seller, the Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following : (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) [Reserved]; (iv) the aggregate amount of Servicing Fees, Master Servicing Fees and Credit Risk Manager’s Fees for the related Due Period; (v) the amount of Advances for each Loan Group for the related Due Period and the amount of unreimbursed Advances; (vi) the Loan Group Balance for each Loan Group, the related Net WAC for each Loan Group and the Subordinate Net WAC Cap at the Close of Business at the end of the related Due Period; (vii) [Reserved]; (viii) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) for each Loan Group, the number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, using the MBA method; (xii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiii) for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates; (xv) the Class Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) for each Loan Group, the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxii) for each Loan Group, the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxiii) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxiv) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxv) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxvi) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the Certificates; (xxvii) the Overcollateralized Amount for that Distribution Date; (xxviii) the Overcollateralization Target Amount for that Distribution Date; (xxix) the number of Mortgage Loans and the aggregate Stated Principal Balance of Mortgage Loans that have negative amortization; and (xxx) The amount of any Class P Distributable Amount and the Class ES Distributable Amount. The Securities Administrator shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the related Accrual Period and LIBOR applicable calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to the Certificates with respect provide to such Distribution Date; Person a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Harborview 2006-Bu1)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) current Recoveries allocable to each Loan Group; and (xxiv) cumulative Recoveries allocable to each Loan Group. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued Certificate Interestamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, Interest Shortfall Carryforward Amountthe Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates information set forth in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Securities Administrator shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2005-4)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at www.jpmorgan.com/absmbs a statement as to the distributions made on ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following information: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances in respect of the interest Trust Fund and principal of each Class of Offered Certificates to be paid on such Distribution Date and Loan Group for the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount Pool Balance and each Group Balance at the close of Insured Payments, if any; (vii) business at the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans in the Trust Fund and in each Loan Group as of the related Due Date; (viii) whether the number and aggregate unpaid principal balance of Mortgage Loans in the Trust Fund and in each Loan Group (a) 30 to 59 days past due on a Fairbanks Termination Trigger Eventcontractual basis, Wilshire Termination Trigger Event (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a GreenPoint Termination Trigger Event has occurredcontractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) the amount of the distribution with respect to each Class any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Loan Group of Offered Certificates (based on a Certificate in such Mortgage Loan, the original unpaid principal amount balance and the Principal Balance of $1,000)such Mortgage Loan as of the date it became an REO Property; (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount book value of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in the Trust Fund and each Loan Group as of the close of business of the last day of the preceding Collection Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period, both for the Trust Fund as a whole as well as for each Loan Group; (xii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses, in each case for the Trust Fund as a whole as well as for each Loan Group; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Offered Certificates and the Class M-6 Certificates for such Distribution Date, separately identifying the portions thereof attributable to Net Rate Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.22; (xvii) the amount of the Trustee Fee paid; (xviii) the beginning and ending balances of the Basis Risk Reserve Fund on such other information as Distribution Date, the Depositor may reasonably request with respect to Mortgage Loans that are DelinquentBasis Risk Reserve Fund Deposit for such Distribution Date, and the Required Basis Risk Reserve Fund Amount for such Distribution Date; (xix) the Stated Principal Balance Net Rate Carryover Amounts distributed on such Distribution Date, separately identifying any Net Rate Carryover Amounts paid from amounts received in respect of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberInterest Rate Cap Agreements, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business any Net Rate Carryover Amounts remaining after giving effect to distributions thereof on the last Business Day of the calendar month next preceding such Distribution Date; (xxiixx) any Overcollateralization Deficiency after giving effect to the number distribution of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business principal on the last Business Day of the calendar month next preceding such Distribution Date; (xxi) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxii) the Available Funds; (xxiii) the number rate at which interest accrues for each Class of Mortgagors and the Stated Principal Balances of the related Mortgages Certificates for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties Liquidation Report for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the such Distribution Date; (xxv) the book value aggregate Principal Balance of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as in each Loan Group and in the Trust Fund purchased by the Servicer or Seller during the related Collection Period and indicating the Section of this Agreement requiring or allowing the close purchase of business on the last Business Day of the calendar month next preceding the Distribution Date;each such Mortgage Loan; and (xxvi) the number aggregate Principal Balance of the Mortgage Loans; Loans in each Loan Group and in the Trust Fund repurchased by the Servicer (xxviior an affiliate) identifying during the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs related Collection Period in connection with Section 3.16. Parties that are unable to use http://www.jpmorgan.com/sfr are entitled to have a paper copy maile▇ ▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇ail by calling the Trustee at (212) 623-5600 and indicating such. The Trustee shall have the amount of Net Liquidation Proceeds applicable righ▇ ▇▇ ▇▇▇▇▇▇ ▇▇e way such statements are distributed in order to make such distribution more convenient and/or more accessible to the unpaid principal balance from above parties and the loan); and d. Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans purchased from provided by the Trust; Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxviiic) On each Distribution Date, the number and Stated Principal Balance of all Mortgage Loans that are subject Trustee shall provide to loss mitigation as the Residual Certificateholders a copy of the close reports provided to the Regular Certificateholders in respect of business on such Distribution Date with such other information as the last Business Day Trustee deems necessary or appropriate. Such obligation of the calendar month next preceding Trustee shall be deemed to have been satisfied to the Distribution Date; (xxix) extent that substantially comparable information shall be prepared and furnished to Residual Certificateholders by the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 Trustee pursuant to any requirements of the Truth Code as from time to time in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Sec Corp C Bass Mort Ln as Bk Cert Se 03 Cb6)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Yield Maintenance Provider, the Seller, any NIMS Insurer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account shall be based on information provided by the Yield Maintenance Provider regarding any Yield Maintenance Distributable Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreement. The Distribution Date Statement shall include the following information, in each case, with respect to such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) [Reserved]; (iv) the aggregate amount of Servicing Fees, Credit Risk Manager Fees and Custodial Fees for the related Due Period; (v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Loan Group Balance for each Loan Group and the Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (vii) the Pool Balance and the Loan Group Balance for such Distribution Date; (viii) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) for each Loan Group, the number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, using the OTS method; (xii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period; (xiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xv) the Class Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) for each Loan Group, the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(d); (xxii) current Recoveries allocable to each Loan Group; (xxiii) cumulative Recoveries allocable to each Loan Group; (xxiv) the amount of any Basis Risk Shortfall, if any, for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the Certificates (xxix) the amount of any Unpaid Interest Shortfall Amount; (xxx) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxxi) the Overcollateralized Amount for that Distribution Date; (xxxii) the Overcollateralization Target Amount for that Distribution Date; (xxxiii) the amount remitted by the Administrator to the Trustee pursuant to the Yield Maintenance Allocation Agreement; (xxxiv) the payments, if any, made from the Yield Maintenance Account and the amount distributed to the LIBOR Certificates from such payments; and (xxxv) the amount of any Class P Distributable Amount and the amount of any Class ES Distributable Amount. The Trustee shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Trustee shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-off Date. In addition to the related Accrual Period information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to any NIMS Insurer and LIBOR applicable each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person or any NIMS Insurer, such information as is reasonably necessary to the Certificates with respect provide to such Distribution Date; Person or any NIMS Insurer a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a Certificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberTrustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView 2006-10)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇for access by each Holder of the Regular Certificates, a statement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement[reserved]; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses Advances for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (vi) the Pool Balance at the close of business at the end of the related Collection Period and the number and aggregate Principal Balance of all Subsequent Mortgage Loans added during the Funding Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (viii) whether the number and aggregate unpaid Principal Balance of Mortgage Loans (a) 30 to 59 days past due on a Fairbanks Termination Trigger Eventcontractual basis, Wilshire Termination Trigger Event (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a GreenPoint Termination Trigger Event has occurredcontractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) the amount of the distribution with respect to each Class any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of Offered Certificates (based on a Certificate in such Mortgage Loan, the original unpaid principal amount balance and the Principal Balance of $1,000)such Mortgage Loan as of the date it became an REO Property; (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount book value of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance total number and cumulative principal balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, all REO Properties as of the close of business on of the last Business Day day of the calendar month next preceding Collection Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of Prepayment Charges collected (including amounts deposited in connection with the full or partial waiver of such Prepayment Charges pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Class A Certificates, Mezzanine Certificates and Class B Certificates for such Distribution Date, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date and the amount of any Net WAC Rate Carryover Amounts; (xvi) the aggregate number amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) the amount of the Trustee Fee paid; (xviii) the Net WAC Rate Carryover Amounts distributed on such Distribution Date and aggregate Stated Principal Balance the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xix) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Mortgage LoansDistribution Date; (xx) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution DateAvailable Funds; (xxii) the number rate at which interest accrues for each Class of Mortgagors and the Stated Principal Balances of the related Mortgages Certificates for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages Liquidation Report for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status aggregate Principal Balance of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in purchased by the name of, Servicer or on behalf Seller during the related Collection Period and indicating the Section of this Agreement requiring or allowing the Trustee, as purchase of the close of business of the last Business Day of the month next preceding the Distribution Dateeach such Mortgage Loan; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed amount on deposit in lieu of foreclosure for all Mortgage Loans as of the close of business on Pre-Funding Account and the last Business Day of the calendar month next preceding the Distribution DateInterest Coverage Account; (xxvi) for the number distributions occurring on the Distribution Dates in the month following the end of the Funding Period, the balance on deposit in the Pre-Funding Account (exclusive of any investment income therein) not used to purchase Subsequent Mortgage Loans;Loans and that is being distributed to the Class A Certificates as a mandatory distribution of principal, if any, on such Distribution Date; and (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs Principal Balance of the Mortgage Loans repurchased by the Servicer (or an affiliate) during the amount of Net Liquidation Proceeds applicable related Collection Period in connection with Section 3.16. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from provided by the Trust; Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxviiic) On each Distribution Date, the number and Stated Principal Balance of all Mortgage Loans that are subject Trustee shall forward to loss mitigation as the Residual Certificateholders a copy of the close reports forwarded to the Regular Certificateholders in respect of business on such Distribution Date with such other information as the last Business Day Trustee deems necessary or appropriate. Such obligation of the calendar month next preceding Trustee shall be deemed to have been satisfied to the Distribution Date; (xxix) extent that substantially comparable information shall be prepared and furnished to Residual Certificateholders by the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 Trustee pursuant to any requirements of the Truth Code as from time to time in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust, Series 2005-Cb8, C-Bass Mortgage Loan Asset-Backed Certificates)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) [reserved] (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) the amount of any unpaid Basis Risk Shortfall or Unpaid Basis Risk Shortfall (if applicable) and the related accrued interest thereon, with respect to the Class 1-A Certificates; (xxiv) current Recoveries allocable to each Loan Group; and (xxv) cumulative Recoveries allocable to each Loan Group. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued Certificate Interestamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, Interest Shortfall Carryforward Amountthe Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates information set forth in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Securities Administrator shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Greenwich Capital Accep Mort Loan Pass-THR Certs Ser 2004-1)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at http://www.usbank.com/abs, a statement as to the distributions made on ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following information: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount of Insured Payments, if any; (vii) Pool Balance and the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, Loan Group Balance for each Class Loan Group at the close of Offered Certificates and business at the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (viiivii) whether a Fairbanks Termination Trigger Eventseparately stated for each Loan Group, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredthe number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (ixviii) separately stated for each Loan Group, the amount number and aggregate unpaid principal balance of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based a) 30 to 59 days past due on a Certificate contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class bankruptcy as of the Offered Certificates (based close of business on a Certificate in the original principal amount last day of $1,000) which will be outstanding after giving effect to any payment of principal on the calendar month preceding such Distribution Date; (xiiiix) separately stated for each Loan Group, with respect to any Mortgage Loan that became an REO Property during the aggregate Pool preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of all such Mortgage Loans, Loan as of the last day of the related Collection Perioddate it became an REO Property; (xivx) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent separately stated for each Loan Group, the book value of the preceding three months any REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Fixed-Rate and Floating Rate Certificates for such Distribution Date, separately identifying the portions thereof attributable to Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) [Reserved]; (xviii) [Reserved]; (xix) the amount of the Trustee Fee paid; (xx) the Cap Carryover Amounts distributed on such Distribution Date and the portion thereof constituting Cap Carryover Amounts, the amount of all Cap Carryover Amounts covered by withdrawals from the Reserve Accounts and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure Liquidation Report for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the such Distribution Date; (xxvi) the number aggregate Principal Balance of Mortgage LoansLoans purchased by the Servicer or Seller during the related Collection Period and indicating the Section of this Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (Principal Balance of the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from repurchased by the Trust; as of the close of business on the last Business Day of Servicer (or an affiliate) during the related Collection Period;Period in connection with Section 3.16; and (xxviii) the number amount of Subsequent Recoveries received during the related Prepayment Period. Parties that are unable to use http://www.usbank.com/abs are entitled to have a paper copy mailed to t▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ by calling the Trustee at (651) 495-3847 and Stated Principal Balance of indicating such. The Trustee shall have the right to ▇▇▇▇▇▇ ▇▇▇ ▇▇y such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans that are subject provided by the Servicer. In the case of information furnished pursuant to loss mitigation subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the calendar month next preceding Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date; (xxix) , the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 Trustee shall make available to the Residual Certificateholders a copy of the Truth reports made available to the Regular Certificateholders in Lending Act; (xxx) respect of such Distribution Date with such other information as the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as Trustee deems necessary or appropriate. Such obligation of the close of business on Trustee shall be deemed to have been satisfied to the last Business Day extent that substantially comparable information shall be prepared and furnished to Residual Certificateholders by the Trustee pursuant to any requirements of the related Collection Period; (xxxi) the number and Pool Balance with respect Code as from time to each product type of all Mortgage Loans time in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (ABFC C-Bass Mortgage Loan Asset-Backed Certificates, Series 2005-Cb5)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, in each case, using the MBA method; (xiii) the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Principal Balance or Class Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s Internet website. The Trustee’s Internet website shall initially be located at ▇▇▇.▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Ownerand the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the Servicersamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-off Date. In addition to the information listed above, such Distribution Date Statement shall also include such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the Rating Agencies calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement setting containing the information set forth the following information: in subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interestabove, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable Trustee shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberTrustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling Agreement (Harborview 2006-4)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ , a statement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount Pool Balance at the close of Insured Payments, if any; (vii) business at the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (viii) whether the number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days past due on a Fairbanks Termination Trigger Eventcontractual basis, Wilshire Termination Trigger Event (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a GreenPoint Termination Trigger Event has occurredcontractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) the amount of the distribution with respect to each Class any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of Offered Certificates (based on a Certificate in such Mortgage Loan, the original unpaid principal amount balance and the Principal Balance of $1,000)such Mortgage Loan as of the date it became an REO Property; (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount book value of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; Back to Contents (xiii) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each of the Class A, Class M and Class B Certificates for such Distribution Date, separately identifying the portions thereof attributable to Net WAC Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) any amounts to be deposited in the Reserve Account pursuant to the Cap Contract as described in Section 4.02(f) and the amount thereof to be paid to the Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5 or Class M-6 Certificates; (xviii) [Reserved]; (xix) the amount of the Trustee Fee paid; (xx) the Excess Net WAC Amounts distributed on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure Liquidation Report for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the such Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because purchased by the Servicer or Seller during the related Collection Period and indicating the Section of Section 32 this Agreement requiring or allowing the purchase of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgageseach such Mortgage Loan; and e. other; (xxvii) the aggregate Principal Balance of the Mortgage Loans repurchased by the Servicer (or an affiliate) during the related Collection Period in connection with Section 3.16. Back to Contents Parties that are unable to use ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇ are entitled to have a paper copy mailed to them via first class mail by calling the Trustee at (▇▇▇) ▇▇▇-▇▇▇▇ and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxxic) On each Distribution Date, the number and Pool Balance with respect Trustee shall make available to each product type of all Mortgage Loans in Chapter 13 the Residual Certificateholders a copy of the United States Bankruptcy reports made available to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Residual Certificateholders by the Trustee pursuant to any requirements of the Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 as from time to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;time in force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (C-Bass Mortgage Loan Asset-Backed Certificates, Series 2005-Cb6)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) current Recoveries allocable to each Loan Group; and (xxiv) cumulative Recoveries allocable to each Loan Group. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued Certificate Interestamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, Interest Shortfall Carryforward Amountthe Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates information set forth in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Securities Administrator shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-7)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at www.jpmorgan.com/absmbs a statement as to the distributions made on ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following information: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances in respect of the interest Trust Fund and principal of each Class of Offered Certificates to be paid on such Distribution Date and Loan Group for the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount Pool Balance and each Group Balance at the close of Insured Payments, if any; (vii) business at the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans in the Trust Fund and in each Loan Group as of the related Due Date; (viii) whether the number and aggregate unpaid principal balance of Mortgage Loans in the Trust Fund and in each Loan Group (a) 30 to 59 days past due on a Fairbanks Termination Trigger Eventcontractual basis, Wilshire Termination Trigger Event (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a GreenPoint Termination Trigger Event has occurredcontractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) the amount of the distribution with respect to each Class any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Loan Group of Offered Certificates (based on a Certificate in such Mortgage Loan, the original unpaid principal amount balance and the Principal Balance of $1,000)such Mortgage Loan as of the date it became an REO Property; (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount book value of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, Trust Fund and each Loan Group as of the close of business of the last Business Day day of the month next preceding Collection Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period, both for the Trust Fund as a whole as well as for each Loan Group; (xii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses, in each case for the Trust Fund as a whole as well as for each Loan Group; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Offered Certificates (other than the Class A-IO Certificates) and the Class B-2 and Class B-3 Certificates for such Distribution Date, separately identifying the portions thereof attributable to Net Rate Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the Group 1 Class A-IO Component Notional Amount, the Group 2 Class A-IO Component Notional Amount and the Group 3 Class A-IO Component Notional Amount; (xvii) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xviii) the amount of the Trustee Fee paid; (xix) the beginning and ending balances of the Basis Risk Reserve Fund on such Distribution Date, the Basis Risk Reserve Fund Deposit for such Distribution Date, and the Required Basis Risk Reserve Fund Amount for such Distribution Date; (xx) the Net Rate Carryover Amounts distributed on such Distribution Date, separately identifying any Net Rate Carryover Amounts paid from amounts received in respect of the Interest Rate Cap Agreements, and any Net Rate Carryover Amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure Liquidation Report for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the such Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because in each Loan Group and in the Trust Fund purchased by the Servicer or Seller during the related Collection Period and indicating the Section of Section 32 this Agreement requiring or allowing the purchase of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgageseach such Mortgage Loan; and e. other; (xxvii) the aggregate Principal Balance of the Mortgage Loans in each Loan Group and in the Trust Fund repurchased by the Servicer (or an affiliate) during the related Collection Period in connection with Section 3.16. Parties that are unable to use http://www.jpmorgan.com/absmbs are entitled to have a paper copy mai▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇il by calling the Trustee at (212) 623-5600 and indicating such. The Trustee shall have the right ▇▇ ▇▇▇▇▇▇ ▇▇▇ way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxxic) On each Distribution Date, the number and Pool Balance with respect Trustee shall provide to each product type of all Mortgage Loans in Chapter 13 the Residual Certificateholders a copy of the United States Bankruptcy reports provided to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Residual Certificateholders by the Trustee pursuant to any requirements of the Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 as from time to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;time in force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Sec Corp C Bass Mort Ln as Bk Ce Se 02-Cb6)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ , a statement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount of Insured Payments, if any; (vii) Pool Balance and the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, Loan Group Balance for each Class Loan Group at the close of Offered Certificates and business at the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (viiivii) whether a Fairbanks Termination Trigger Eventseparately stated for each Loan Group, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loansnumber, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution related Due Date; (xxviviii) separately stated for each Loan Group, the number of Mortgage Loans; (xxvii) identifying the and aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxxa) the amount of current and cumulative Realized Losses 30 to 59 days past due on a contractual basis, (separately identifying principal and interest lossesb) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business 60 to 89 days past due on the last Business Day of the related Collection Period; a contractual basis, (xxxic) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;90 or more days past due on a contractual basis,

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc C-Bass 2004-Cb6 Trust)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Seller, the Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [reserved]; (x) [reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance of the related Certificates; (xxix) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxx) the Deficiency Amount, if any, to be paid by the Certificate Insurer; and (xxxi) The amount of any Class 1-P Distributable Amount, Class 2-P Distributable Amount, Class 3-P Distributable Amount, Class 3-XB Distributable Amount and Class ES Distributable Amount. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Ownerand the Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the Servicersamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the Rating Agencies calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement setting containing the information set forth the following information: in subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Securities Administrator shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2005-15)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.www.jpmorgan.com/sfr, a statement as to the distributions made on such ▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following information: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount of Insured Payments, if any; (vii) Pool Balance and the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, Loan Group Balance for each Class Loan Group at the close of Offered Certificates and business at the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (viiivii) whether a Fairbanks Termination Trigger Eventseparately stated for each Loan Group, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredthe number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (ixviii) separately stated for each Loan Group, the amount number and aggregate unpaid principal balance of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based a) 30 to 59 days past due on a Certificate contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class bankruptcy as of the Offered Certificates (based close of business on a Certificate in the original principal amount last day of $1,000) which will be outstanding after giving effect to any payment of principal on the calendar month preceding such Distribution Date; (xiiiix) separately stated for each Loan Group, with respect to any Mortgage Loan that became an REO Property during the aggregate Pool preceding calendar month, the loan 103 number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of all such Mortgage Loans, Loan as of the last day of the related Collection Perioddate it became an REO Property; (xivx) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent separately stated for each Loan Group, the book value of the preceding three months any REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Offered Certificates and Class B-4 Certificates for such Distribution Date, separately identifying the portions thereof attributable to LIBOR Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) [Reserved]; (xviii) [Reserved]; (xix) the amount of the Trustee Fee paid; (xx) the LIBOR Carryover Amounts distributed on such Distribution Date and the portion thereof covered by withdrawals from the Reserve Account and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure Liquidation Report for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the such Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because purchased by the Servicer or Seller during the related Collection Period and indicating the Section of Section 32 this Agreement requiring or allowing the purchase of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgageseach such Mortgage Loan; and e. other; (xxvii) the aggregate Principal Balance of the Mortgage Loans repurchased by the Servicer (or an affiliate) during the related Collection Period in connection with Section 3.16. Parties that are unable to use http://www.jpmorgan.com/sfr are entitled to have a paper copy mailed t▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ by calling the Trustee at (212) 623-5600 and indicating such. The Trustee shall have the right t▇ ▇▇▇▇▇▇ ▇▇▇ ▇ay such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxxic) On each Distribution Date, the number and Pool Balance with respect Trustee shall make available to each product type of all Mortgage Loans in Chapter 13 the Residual Certificateholders a copy of the United States Bankruptcy reports made available to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Residual 105 Certificateholders by the Trustee pursuant to any requirements of the Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 as from time to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;time in force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)

Statements. (a) Based solely upon the On each Distribution Date, based, as applicable, on information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than each Distribution DateServicer, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to each Holder of the Depositor, each OwnerRegular Certificates, the Servicers, the Certificate Insurer Servicer and the Rating Agencies Agencies, a statement setting forth (the following information"Distribution Date Statement") as to the distributions made on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates (and each Component in the case of the Classes of Subordinate Certificates) allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Pro Rata Senior Percentage, Senior Percentage, Senior Prepayment Percentage and Subordinate Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]; (vii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (viii) the Loan Group Balance for each Loan Group at the Close of Business at the end of the related Due Period; (ix) the number, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans in each Loan Group as of the related Due Date; (x) separately stated for each Loan Group, the number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the Close of Business on deposit the last day of the calendar month preceding such Distribution Date; (xi) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xiii) the aggregate Deferred Interest Amount accrued on the Group II Mortgage Loans and added to the Principal Balances thereof for the related Due Period; (xiv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xv) the Class Certificate Account Principal Balance of each Class of Certificates (other than the Class X Certificate), the Component Balance of each Component and the Class X Notional Balance after giving effect to any distributions made thereon, and any Deferred Interest Amounts allocated thereto, on such Distribution Date; (iixvi) the Accrued Certificate InterestInterest Distributable Amount in respect of each Class of the Certificates, Interest Shortfall Carryforward Amountfor such Distribution Date and the respective portions thereof, if any, remaining unpaid following the Basis Risk Carry Forward Amount, if any, distributions made in respect of such Certificates on such Distribution Date; (xvii) the aggregate amount of any Prepayment Interest Shortfalls and the Principal Unpaid Interest Shortfall Amount for such Distribution AmountDate, to the extent not covered by payments by the Servicer pursuant to Section 3.24 hereof in each case by Loan Group; (xviii) the Loan Group Available Funds with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateLoan Group; (iiixix) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to for such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding;; and (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of purchased by the Truth in Lending Act; (xxx) Servicer or the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of Seller during the related Collection Period; (xxxi) the number and Pool Balance Due Period with respect to each product type Loan Group, and indicating the Section of this Agreement requiring or allowing the purchase of each such Mortgage Loan. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee's internet website and its fax-on-demand service and will forward the Distribution Date Statement to each Rating Agency. The Trustee's fax-on-demand service may be accessed by calling (301) 815-6610. The Trustee's internet website shall initially be located at "www.ctslink.com". Assistance in usi▇▇ ▇▇▇ ▇▇▇▇▇▇▇ or the fax-on-demand service can be obtained by calling the Trustee's customer service desk at (301) 815-6600. Parties that are un▇▇▇▇ ▇▇ ▇▇▇ ▇▇e above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and requesting same. The Trustee shall have the right to change the way Distribution Date Statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all the above parties regarding any such changes. The Trustee's obligations pursuant to this Section 4.04 are limited to the extent of its receipt of all Mortgage Loans necessary information from the Servicer. The Trustee may fully rely upon and shall have no liability with respect to information provided by the Servicer. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in Chapter 13 a separate section of the United States Bankruptcy report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that as are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 in force from time to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;time.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at w▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ , a statement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Class BB Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount Pool Balance at the close of Insured Payments, if any; (vii) business at the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (viii) whether the number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days past due on a Fairbanks Termination Trigger Eventcontractual basis, Wilshire Termination Trigger Event (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a GreenPoint Termination Trigger Event has occurredcontractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) the amount of the distribution with respect to each Class any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of Offered Certificates (based on a Certificate in such Mortgage Loan, the original unpaid principal amount balance and the Principal Balance of $1,000)such Mortgage Loan as of the date it became an REO Property; (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount book value of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance total number and cumulative principal balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, all REO Properties as of the close of business on of the last Business Day day of the calendar month next preceding Collection Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected during the related Collection Period and the amounts thereof allocable to the Class BB Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Class BB Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Offered Certificates for such Distribution Date and the aggregate number and aggregate Stated Principal Balance respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Mortgage LoansCertificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) the amount of the Trustee Fee paid; (xviii) the LIBOR Carryover Amount for the Class A-1 Certificates after giving effect to distributions thereof on such Distribution Date; (xix) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xx) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution DateAvailable Funds; (xxii) the number rate at which interest accrues for each Class of Mortgagors Certificates and the Stated Principal Balances of the related Mortgages Maximum Rate for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages any Liquidation Report for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status aggregate Principal Balance of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in purchased by an Originator or the name of, Servicer during the related Collection Period and indicating the Section of this Agreement requiring or on behalf allowing the purchase of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date;each such Mortgage Loan; and (xxv) the book value aggregate Principal Balance of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all the Mortgage Loans as of repurchased by the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of Servicer during the related Collection Period;Period in connection with Section 3.16. (xxviiib) Within a reasonable period of time after the number and Stated Principal Balance end of all Mortgage Loans that are subject each calendar year, the Trustee shall furnish to loss mitigation each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the close of business on Trustee shall be deemed to have been satisfied to the last Business Day extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that Code as are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) force from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect time to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;time.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Painewebber Mortgage Acceptance Corp Iv Series 2000-He-1)

Statements. (a) Based solely upon the On each Distribution Date, based, as applicable, on information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than each Distribution DateServicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Rating Agencies, a statement as to the distributions made on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Overcollateralized Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period; (vi) the Pool Balance at the Close of Business at the end of the related Due Period; (vii) the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Determination Date and the number; (viii) the number and aggregate unpaid Stated Principal Balance of Mortgage Loans that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the Close of Business on the last day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [reserved]; (x) the total number and cumulative Stated Principal Balance of all REO Properties as of the Close of Business of the last day of the preceding Prepayment Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xii) the aggregate amount of Realized Losses incurred during the related Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance of each Class of Floating Rate Certificates and the Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xv) the Monthly Interest Distributable Amount in respect of each Class of Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each Class of Floating Rate Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the Net WAC Rate Carryover Amount for each Class of Floating Rate Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the distribution of principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the Available Funds; (xxii) the respective Pass-Through Rates applicable to each Class of Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Floating Rate Certificates for the immediately succeeding Distribution Date; and (xxiii) payments, if any, made under the Cap Contract. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the Rating Agencies via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “h▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇.▇▇▇/▇▇▇▇”. Assistance in using the website can be obtained by calling the Trustee’s customer service desk at (▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the Depositor, each Ownerabove parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. As a condition to access to the Trustee’s internet website, the Servicers, the Certificate Insurer Trustee may require registration and the Rating Agencies acceptance of a statement setting forth disclaimer. The Trustee will not be liable for the following information: (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes dissemination of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date information in accordance with this Agreement;. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-off Date. (vb) Within a reasonable period of time after the Certificate Balance end of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificatescalendar year, the aggregate amount Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the interest Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and principal furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Class Distribution Date, the Trustee shall make available to the Residual Certificateholders a copy of Offered Certificates the reports forwarded to be paid on the Regular Certificateholders in respect of such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent;Trustee deems necessary or appropriate. (xixd) Within a reasonable period of time after the Stated Principal Balance end of each calendar year, the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the largest Mortgage Loans outstanding; (xx) Trustee shall be deemed to have been satisfied to the number, aggregate Stated Principal Balances extent that substantially comparable information shall be prepared and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as furnished to Certificateholders by the Trustee pursuant to any requirements of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are Code as from time to time in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Soundview Home Loan Trust 2005-3)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇for access by each Holder of the Regular Certificates, a statement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement[reserved]; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount Pool Balance at the close of Insured Payments, if any; (vii) business at the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (viii) whether the number and aggregate unpaid Principal Balance of Mortgage Loans (a) 30 to 59 days past due on a Fairbanks Termination Trigger Eventcontractual basis, Wilshire Termination Trigger Event (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a GreenPoint Termination Trigger Event has occurredcontractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) the amount of the distribution with respect to each Class any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of Offered Certificates (based on a Certificate in such Mortgage Loan, the original unpaid principal amount balance and the Principal Balance of $1,000)such Mortgage Loan as of the date it became an REO Property; (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount book value of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance total number and cumulative principal balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, all REO Properties as of the close of business on of the last Business Day day of the calendar month next preceding Collection Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of Prepayment Charges collected (including amounts deposited in connection with the full or partial waiver of such Prepayment Charges pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Class A Certificates, Mezzanine Certificates and Class B Certificates for such Distribution Date, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date and the amount of any Net WAC Rate Carryover Amounts; (xvi) the aggregate number amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) the amount of the Trustee Fee paid; (xviii) the Net WAC Rate Carryover Amounts distributed on such Distribution Date and aggregate Stated Principal Balance the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xix) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Mortgage LoansDistribution Date; (xx) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution DateAvailable Funds; (xxii) the number rate at which interest accrues for each Class of Mortgagors and the Stated Principal Balances of the related Mortgages Certificates for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages Liquidation Report for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status aggregate Principal Balance of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in purchased by the name of, Servicer or on behalf Seller during the related Collection Period and indicating the Section of this Agreement requiring or allowing the Trustee, as purchase of the close of business of the last Business Day of the month next preceding the Distribution Date;each such Mortgage Loan; and (xxv) the book value aggregate Principal Balance of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all the Mortgage Loans repurchased by the Servicer (or an affiliate) during the related Collection Period in connection with Section 3.16. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the calendar month next preceding Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date; (xxvi) , the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable Trustee shall forward to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as Residual Certificateholders a copy of the close reports forwarded to the Regular Certificateholders in respect of business on such Distribution Date with such other information as the last Business Day Trustee deems necessary or appropriate. Such obligation of the related Collection Period; (xxviii) Trustee shall be deemed to have been satisfied to the number extent that substantially comparable information shall be prepared and Stated Principal Balance of all Mortgage Loans that are subject furnished to loss mitigation as Residual Certificateholders by the Trustee pursuant to any requirements of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth Code as from time to time in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ , a statement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount of the distribution made on deposit in such Distribution Date to the Certificate Account Holders of each Class of Certificates allocable to principal, separately identified; (ii) the applicable Record Date, accrual date and Determination Date; (iii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class CE-1 Distributable Amount, separately identified; (iv) the Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for such Distribution Date; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of servicing compensation received by the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and Servicer during the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the aggregate amount of Insured Payments, if any;Advances for the related Collection Period; 104 (vii) the amount, if any, Pool Balance at the close of any Realized Losses for business at the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Eventthe number, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredweighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (ix) the amount number and aggregate unpaid principal balance of Mortgage Loans (a) 31 to 60 days Delinquent, (b) 61 to 90 days Delinquent, (c) 91 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the distribution with respect to each Class close of Offered Certificates (based business on a Certificate in the original principal amount last day of $1,000)the calendar month preceding such Distribution Date; (x) with respect to any Mortgage Loan that became an REO Property during the amount preceding calendar month, the loan number of such distribution allocable to Mortgage Loan, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included thereindate it became an REO Property; (xi) the amount book value of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class P Certificates; (xiv) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xv) any material modifications, extensions or waivers to the terms, fees, penalties or payments of the related Mortgage Loans; (xvi) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xvii) the Accrued Certificate Interest in respect of each Class of the Class A, Class M and Class B Certificates for such Distribution Date, separately identifying the portions thereof attributable to Net WAC Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xix) the amount of any Net Swap Payments or Swap Termination Payments paid or received by the Supplemental Interest Trust pursuant to the Swap Agreement and the amount of any Defaulted Swap Termination Payments paid by the Supplemental Interest Trust; 105 (xx) the amount, if any, received pursuant to the Cap Agreement and the amount thereof, if any, to be paid to each Class of Certificates; (xxi) the amount of the Trustee Fee paid; (xxii) the Net WAC Carryover Amounts distributed on such Distribution Date; (xxiii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxiv) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution DateAvailable Funds; (xxvi) the number rate at which interest accrues for each Class of Mortgage LoansCertificates for such Distribution Date; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection PeriodReport for such Distribution Date; (xxviii) the number and Stated aggregate Principal Balance of all Mortgage Loans that are subject to loss mitigation as purchased by the Servicer or Seller during the related Collection Period and indicating the Section of this Agreement requiring or allowing the close purchase of business on the last Business Day of the calendar month next preceding the Distribution Dateeach such Mortgage Loan; (xxix) the number and Stated aggregate Principal Balance of the Mortgage Loans that are being contested because of repurchased by the Servicer (or an affiliate) during the related Collection Period in connection with Section 32 of the Truth in Lending Act3.16; (xxx) the amount of current distributed to the Class CE-1, Class CE-2, Class P, Class R and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection PeriodClass R-X Certificates; (xxxi) the number and Pool Balance related Distribution Date; and (xxxii) the amount of cash received with respect to each product type of the related accrual period. Parties that are unable to use ▇▇▇.▇▇▇▇▇▇.▇▇▇/▇▇▇ are entitled to have a paper copy mailed to them via first class mail by calling the Trustee at (800) 934-6802 and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i), (iii) and (iv) above, the amounts shall be expressed in Chapter 13 a separate section of the United States Bankruptcy Code report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-off Date. ("CHAPTER 13 LOANS"b) separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 Within a reasonable period of time after the end of each calendar year, the Trustee shall furnish to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to 3 payments behind their payment plan;provide to such Person a statement containing the information set forth in subclauses (i), (iii), (xvii) and

Appears in 1 contract

Sources: Pooling and Servicing Agreement (C-Bass Mortgage Loan Asset-Backed Certificates, Series 2006-Cb8)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to each Certificateholder, the Certificate Insurer, the Sponsor, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicers and the Master Servicer during the related Due Period; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Pool Balance for such Distribution Date; (vii) the Net WAC and applicable Net WAC Cap at the Close of Business at the end of the related Due Period; (viii) the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) the aggregate Principal Balance of the One-Month COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) [Reserved]; (xi) the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, in each case, using the MBA method; (xiii) the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates; (xvi) the Class Principal Balance or Class Notional Balance, as applicable, of each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds; (xx) the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Sponsor or an Originator, as applicable, during the related Due Period; (xxii) current Recoveries allocable to the Mortgage Loans; (xxiii) cumulative Recoveries allocable to the Mortgage Loans; (xxiv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxv) the amount of Deferred Interest and Net Deferred Interest, if any, for the Mortgage Loans; (xxvi) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxvii) the amount of the Certificate Insurer Reimbursement Amount, if any; and (xxviii) the Deficiency Amount, if any, to be paid by the Certificate Insurer. The Securities Administrator shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Ownerand the Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the Servicersamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the Rating Agencies calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement setting containing the information set forth the following information: in subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; ), (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the amounts described in clause (ii) above Securities Administrator shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Luminent Mortgage Trust 2006-2)

Statements. (a) Based solely upon the On each Distribution Date, based, as applicable, on information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than each Distribution DateServicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer, the Certificate Insurer and the Rating Agencies, a statement as to the distributions made on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to interest; (iii) reserved; (iv) the aggregate amount of servicing compensation received by the Servicer with respect to the related Remittance Period (separately identifying Servicing Fees and other servicing compensation) and such other customary information as the Trustee reasonably deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Remittance Period; (vi) the Pool Balance at the Close of Business at the end of the related Remittance Period; (vii) the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Determination Date; (viii) the number and aggregate unpaid Stated Principal Balance of Mortgage Loans (a) that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each preceding case as of the Close of Business on the last day of the calendar month preceding such Distribution Date, and (b) the related Mortgaged Properties of which are REO Properties; (ix) the total number and cumulative Stated Principal Balance of all REO Properties as of the Close of Business of the last day of the preceding Prepayment Period; (x) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xi) the aggregate amount of Realized Losses incurred during the related Prepayment Period and the cumulative amount of Realized Losses; (xii) the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date (xiii) the aggregate Certificate Principal Balance of each Class of Regular Certificates after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the case of the Subordinated Certificates and the Class C Certificates); (xiv) the Certificate Factor for each Class of the Regular Certificates applicable to such Distribution Date; (xv) the Accrued Certificate Interest for the Senior Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, with respect to the Class A Certificates and the Subordinated Certificates for such Distribution Date; (xvi) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the aggregate amount of any Relief Act Interest Shortfalls for such Distribution Date; (xviii) the Overcollateralized Amount and the Excess Overcollateralization Amount for such Distribution Date; (xix) the Credit Enhancement Percentage for such Distribution Date; (xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount remaining unpaid after payments from the Excess Reserve Fund Account are made pursuant to Section 4.01(e); (xxi) when the Stepdown Date has occurred and when a Trigger Event is in effect; (xxii) the deposits to and withdrawals from the Excess Reserve Fund Account on such Distribution Date; (xxiii) the Available Funds for such Distribution Date; (xxiv) the respective Pass-Through Rates applicable to the Senior Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and the respective Pass-Through Rates applicable to the Senior Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date; (xxv) the aggregate Notional Amount of the Class C Certificates and Class IO Certificates, in each case after giving effect the reductions thereof to occur on such Distribution Date; (xxvi) the amount of the Reimbursement Amount for such Distribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date; (xxvii) the amount on deposit in the Interest Coverage Account; and (xxviii) for the distribution occurring on the Distribution Date immediately following the end of the Funding Period, the balance on deposit in the Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to the Certificateholders on such Distribution Date. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Trustee, the Certificate Insurer and the Rating Agencies via the Trustee’s internet website. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness, and accuracy of the information derived from the Servicer. By each Determination Date, the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.01 and any other information on which the Servicer and the Trustee mutually agree. The Trustee’s internet website shall initially be located at h▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇.▇▇▇/▇▇▇▇. Assistance in using the website can be obtained by calling the Trustee’s customer service desk at 1-▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the Depositor, each Owner, the Servicers, the Certificate Insurer above parties and the Rating Agencies a statement setting forth Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued amounts shall be expressed in a separate section of the report as a dollar amount for each hypothetical Certificate Interesthaving an initial Certificate Principal Balance or Notional Amount (in the case of the Class C Certificates) equal to $1,000. (b) Within a reasonable period of time after the end of each calendar year, Interest Shortfall Carryforward Amountthe Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect such information as is reasonably necessary to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect provide to such Distribution Date; Person a statement containing the information set forth in subclauses (ivi) the application of the amounts described in clause and (ii) above above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution furnished by the Trustee to Certificateholders pursuant to any requirements of payment the Code as are in force from time to time. On each Distribution Date, the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable Trustee shall make available to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount R Certificateholders a copy of the interest and principal reports forwarded to the Regular Certificateholders in respect of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may Trustee deems necessary or appropriate. Within a reasonable period of time after the end of each calendar year, the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably request with respect necessary to Mortgage Loans provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that are Delinquent; substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (xixi) the Stated Principal Balance of private placement memorandum or other disclosure document relating to such Certificates, if any, in the largest Mortgage Loans outstanding; form most recently provided to the Trustee; and (xxii) the numberin all cases, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquentthis Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) 60-89 days Delinquent all monthly statements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and all other notices, reports, statements and written communications delivered to the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) 90-119 days Delinquent, all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and (D) 120-149 days Delinquentany and all Officers’ Certificates delivered to the Trustee by the Servicer since the Closing Date to evidence the Servicer’s determination that any Advance or Servicing Advance was, (E) 150-179 days Delinquent or if made, would be a Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and (F) 180 or more days Delinquent, as mailing of any and all of the close of business on foregoing items will be available from the last Business Day Trustee upon request at the expense of the calendar month next preceding person requesting the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;same.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac Residential Mortgage-Backed Trust, Series 2006-L4)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.www.chase.com/absmbs, a statement as to the distributions made on suc▇ ▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following information: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of the Class N Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period and accrued and unpaid Special Servicing Fees; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount Pool Balance at the close of Insured Payments, if any; (vii) business at the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (viii) whether the number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days past due on a Fairbanks Termination Trigger Eventcontractual basis, Wilshire Termination Trigger Event (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a GreenPoint Termination Trigger Event has occurredcontractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) the amount of the distribution with respect to each Class any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of Offered Certificates (based on a Certificate in such Mortgage Loan, the original unpaid principal amount balance and the Principal Balance of $1,000)such Mortgage Loan as of the date it became an REO Property; (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount book value of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected or deposits by the Seller in lieu thereof pursuant to Section 3.01 during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the beginning balance of amounts on deposit in the Excess Reserve Fund as of the preceding Distribution Date, any withdrawals from and deposits into the Excess Reserve Fund as of the Distribution Date, and the ending balance of amounts on deposit in the Excess Reserve Fund on such Distribution Date; (xvi) [Reserved]; (xvii) the Accrued Certificate Interest in respect of each Class of Offered Certificates and the Class B-2 Certificates for such Distribution Date, separately identifying the portions thereof attributable to Rate Payments, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xix) [Reserved]; (xx) the Principal Balance of the Re-performing 60+ Day Delinquent Loans; (xxi) the amount of the Trustee Fee paid; (xxii) Class A-1A LIBOR Carryover Amounts for the Class A-1A Certificates distributed on such Distribution Date and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxiii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxiv) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution DateAvailable Funds; (xxvi) the number rate at which interest accrues for each Class of Mortgage LoansCertificates for such Distribution Date; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection PeriodReport for such Distribution Date; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date;[Reserved] (xxix) the number and Stated aggregate Principal Balance of Mortgage Loans that are being contested because purchased by the Servicer or Seller during the related Collection Period and indicating the Section of Section 32 this Agreement requiring or allowing the purchase of the Truth in Lending Act;each such Mortgage Loan; and (xxx) the aggregate Principal Balance of the Mortgage Loans repurchased by the Seller during the related Collection Period in connection with Section 3.16. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate Section of the report as a dollar amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; for each Class for each $1,000 original dollar amount as of the close Cut-Off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxxic) On each Distribution Date, the number Trustee shall provide to the Class R and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 Class R-4 Certificateholders a copy of the United States Bankruptcy reports provided to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Class R and Class R-4 Certificateholders by the Trustee pursuant to any requirements of the Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 as from time to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;time in force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Funding Corp)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.www.usbank.com/abs and forward by mail to each Holder of the Regular Ce▇▇▇▇▇▇▇▇.▇▇▇/, ▇ ▇▇▇▇▇▇ ement as to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following informationdistributions made on such Distribution Date: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period and accrued and unpaid Special Servicing Fees; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount of Insured Payments, if any; (vii) Pool Balance and the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, Loan Group Balance for each Class Loan Group at the close of Offered Certificates and business at the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (viiivii) whether a Fairbanks Termination Trigger Eventseparately stated for each Loan Group, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredthe number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (ixviii) separately stated for each Loan Group, the amount number and aggregate unpaid principal balance of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based a) 30 to 59 days past due on a Certificate contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class bankruptcy as of the Offered Certificates (based close of business on a Certificate in the original principal amount last day of $1,000) which will be outstanding after giving effect to any payment of principal on the calendar month preceding such Distribution Date; (xiiiix) separately stated for each Loan Group, with respect to any Mortgage Loan that became an REO Property during the aggregate Pool preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of all such Mortgage Loans, Loan as of the last day of the related Collection Perioddate it became an REO Property; (xivx) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent separately stated for each Loan Group, the book value of the preceding three months any REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates and each Component, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Offered Certificates and each Component for such Distribution Date, separately identifying the portions thereof attributable to LIBOR Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) [Reserved]; (xviii) [Reserved]; (xix) the amount of the Trustee Fee paid; (xx) the Cap Carryover Amounts distributed on such Distribution Date and the portion thereof constituting LIBOR Carryover Amounts and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure Liquidation Report for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the such Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because purchased by the Servicer or Seller during the related Collection Period and indicating the Section of Section 32 this Agreement requiring or allowing the purchase of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgageseach such Mortgage Loan; and e. other; (xxvii) the aggregate Principal Balance of the Mortgage Loans repurchased by the Servicer (or an affiliate) during the related Collection Period in connection with Section 3.16. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxxic) On each Distribution Date, the number and Pool Balance with respect Trustee shall forward to each product type of all Mortgage Loans in Chapter 13 the Residual Certificateholders a copy of the United States Bankruptcy reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Residual Certificateholders by the Trustee pursuant to any requirements of the Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 as from time to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;time in force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (C Bass Mortgage Loan Asset Backed Cert Series 2002-Cb5)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) [reserved] (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); and (xxiii) the amount of any unpaid Basis Risk Shortfall or Unpaid Basis Risk Shortfall (if applicable) and the related accrued interest thereon, with respect to the Class 1-A Certificates. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued Certificate Interestamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, Interest Shortfall Carryforward Amountthe Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates information set forth in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Securities Administrator shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Greenwich Capital Accept Inc Harborview Mort Loan Tr 2003 2)

Statements. (a) Based solely upon Concurrently with each distribution to Certificateholders, the Securities Administrator shall make available to each Certificateholder, the Seller, the Master Servicer, the Trustee and the Rating Agencies, a statement based, as applicable, on loan-level information provided to it by the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances as reported by each Servicer; (vi) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (vii) the aggregate Principal Balance of the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (viii) the aggregate Principal Balance of the Six-Month LIBOR Indexed, One-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) the amount of the Master Servicer Fees paid to or retained by the Master Servicer; (x) the aggregate amount of Servicing Fees paid to or retained by the Servicers; (xi) to the extent that such amounts are paid out of the Distribution Account, the amount of fees, expenses or indemnification amounts paid by the Trust with an identification of the general purpose of such amounts and the party receiving such amounts; (xii) for each Loan Group, the number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xiii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, using the “MBA” method (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiv) the rolling six-month delinquency rate for that Distribution Date; (xv) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xvi) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xvii) the aggregate amount of Realized Losses for each Loan Group and Recoveries incurred during the related Due Period and the cumulative amount of Realized Losses and Recoveries as of such Distribution Date; (xviii) the cumulative amount of Realized Losses for each Loan Group; (xix) the Realized Losses and Recoveries, if any, allocated to each Class of Certificates on the related Distribution Date; (xx) the Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xxi) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xxii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xxiii) the Available Funds with respect to each Loan Group; (xxiv) the Pass-Through Rate for each Class of Certificates for such Distribution Date and the level of LIBOR used to determine the applicable Pass-Through Rate; (xxv) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxvi) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 7.08(d5.01(f)(i); (xxvii) hereof, not later than each Distribution Datethe total number of Mortgage Loans in the aggregate and the aggregate Stated Principal Balance for the Group 1 Mortgage Loans (also separately stating such information for the Adjustable Rate Mortgage Loans, the Trustee Three-Year Hybrid Mortgage Loans and the Five-Year Hybrid Mortgage Loans), the Group 2 Mortgage Loans and the Group 3 Mortgage Loans, in each case at the close of business at the end of the related Due Period; and (xxviii) the amount of any Class ES Distributable Amount. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall make available on its website initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ .” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at 1-866-846-4526. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if anyabove, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes amounts shall be expressed in a separate section of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate report as a dollar amount for each Class for each $1,000 original dollar amount as of Certificates applicable the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the related Accrual Period and LIBOR applicable calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to the Certificates with respect provide to such Distribution Date; Person a statement containing the information set forth in subclauses (i), (ii) and (iv) the application above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the amounts described in clause (ii) above Securities Administrator shall be deemed to have been satisfied to the allocation extent that substantially comparable information shall be prepared and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2007-4)

Statements. (a) Based solely upon Two Business Days prior to each Distribution Date, the Securities Administrator shall make available to the Trustee, and concurrently with each distribution to Certificateholders, the Securities Administrator shall make available to each Certificateholder, the Seller, the Master Servicer, the Trustee and the Rating Agency, a statement based, as applicable, on loan-level information provided to it by the Servicers Master Servicer, (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the Six-Month LIBOR Indexed, One-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) [reserved] (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; and (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 7.08(d5.01(f)(i). The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) hereof, not later than available each Distribution Date, month to Certificateholders and the Trustee other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall make available on its website initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued Certificate Interestamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, Interest Shortfall Carryforward Amountthe Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates information set forth in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Trustee shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc Thorn Mort Sec Tr 2003-1)

Statements. (a) Based solely upon the On each Distribution Date, based, as applicable, on information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than each Distribution DateServicer, the Trustee shall make available to each Holder of the Regular Certificates, the Seller, the Servicer and the Rating Agencies, a statement (the "Distribution Date Statement") as to the distributions made on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Pro Rata Senior Percentage, Senior Percentage, Senior Prepayment Percentage and Subordinate Percentage for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Pool Balance and Net WAC at the Close of Business at the end of the related Due Period; (viii) the aggregate Principal Balance of the Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) the number, weighted average remaining term to maturity and weighted average Loan Rate of the Mortgage Loans as of the related Due Date; (x) the number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the Close of Business on the last day of the calendar month preceding such Distribution Date; (xi) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Due Period; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xiv) the Class Certificate Principal Balance of each Class of Certificates (other than the Class X Certificates) and the Class X Certificate Notional Balance of the Class X Certificates, after giving effect to any distributions made thereon, on such Distribution Date; (xv) the Interest Distributable Amount in respect of each Class of the Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24 hereof; (xvii) the Available Funds; (xviii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; and (xix) the aggregate Principal Balance of Mortgage Loans purchased by the Servicer or the Seller during the related Due Period, and indicating the Section of this Agreement requiring or allowing the purchase of each such Mortgage Loan. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee's internet website and will forward the Distribution Date Statement to each Rating Agency. The Trustee's internet website shall initially be located at "▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇/". Assistance in using the website can be obtained by calling the Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and requesting same. The Trustee shall have the right to change the way Distribution Date Statements are distributed in order to make such distribution more convenient and/or more accessible to the Depositor, each Owner, the Servicers, the Certificate Insurer above parties and the Rating Agencies a statement setting forth Trustee shall provide timely and adequate notification to all the following information: above parties regarding any such changes. The Trustee's obligations pursuant to this Section 4.04 are limited to the extent of its receipt of all necessary information from the Servicer. The Trustee may fully rely upon and shall have no liability with respect to information provided by the Servicer. In the case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued Certificate Interestamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. In addition, Interest Shortfall Carryforward Amountcertain additional information as agreed upon by the Servicer will be provided by the Trustee to a Certificateholder upon the request of such Certificateholder. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates information set forth in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Trustee shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) On each Distribution Date, the weighted average interest rate of the Mortgage Loans;Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. (xvid) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;[Reserved].

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Group 1 Subordinate Percentage, Group 2 Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans and the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) Reserved; (x) Reserved; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) [reserved; (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreement, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance of the related Certificates. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇▇▇ . Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the Depositorparties, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the following information: case of information furnished pursuant to subclauses (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; and (ii) above, the Accrued Certificate Interestamounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, Interest Shortfall Carryforward Amountthe Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if anyrequested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates information set forth in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Pass-Through Rate for each Class of Certificates applicable Securities Administrator shall be deemed to have been satisfied to the related Accrual Period extent that substantially comparable information shall be prepared and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist the Certificateholders in computing their market discount;time. (xvc) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for On each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the numberSecurities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and the Stated Principal Balances of all Mortgage Loans that are shall supply an electronic tape to Loan Performance and Intex Solutions in foreclosure proceedings as of the close of business a format acceptable to Loan Performance and Intex Solutions on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2005-7)

Statements. (a) Based solely upon the On each Distribution Date, based, as applicable, on information provided to it by the Servicers Servicer, the Certificate Administrator shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Rating Agencies, a statement as to the distributions made on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Pool Balance at the Close of Business at the end of the related Due Period; (iv) the number, aggregate principal balance, and weighted average Mortgage Rate of the Mortgage Loans as of the related Determination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (v) the number and aggregate unpaid principal balance of Mortgage Loans that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and (C) REO Properties; (vi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (vii) the aggregate amount of Realized Losses incurred during the related Prepayment Period and the cumulative amount of Realized Losses; (viii) the Certificate Principal Balance of the Class A-1 Certificates, the Mezzanine Certificates and the Class O Certificates, after giving effect to the distributions made on such Distribution Date; (ix) the Unpaid Interest Shortfall Amount, if any, with respect to the Class A-1 Certificates, the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date; (x) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 7.08(d3.25; (xi) hereofthe Credit Enhancement Percentage for such Distribution Date; (xii) the Available Funds Cap Carryforward Amount for the Class A-1 Certificates and the Mezzanine Certificates, not if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; and (xiii) the respective REMIC Pass-Through Rates applicable to the Class A-1 Certificates, the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date and the REMIC Pass-Through Rate applicable to the Class A-1 Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Certificate Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Certificate Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Certificate Administrator shall forward to the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Certificate Administrator deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, the Certificate Administrator shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Certificate Administrator pursuant to any requirements of the Code as from time to time in force. (e) No later than noon on the Business Day prior to each Distribution Date, the Certificate Administrator shall forward, by facsimile transmission, the statement prepared pursuant to paragraph (a) of this Section 4.03, together with all other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the Trustee. On each Distribution Date, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following information: (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect forward by mail to each Class individually, all Classes of Certificateholder the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; statement prepared pursuant to paragraph (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(Ca) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of this Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Novastar Mortgage Funding Corp)

Statements. (a) Based solely upon the On each Distribution Date, based, as applicable, on information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than each Distribution Date, the Trustee shall make available on its website initially located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the ServicersServicer, the Certificate Insurer Administrator shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Rating Agencies Agencies, a statement setting forth as to the following informationdistributions made on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Pool Balance at the Close of Business at the end of the related Due Period; (iv) the number, aggregate principal balance, and weighted average Mortgage Rate of the Mortgage Loans as of the related Determination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (v) the number and aggregate unpaid principal balance of Mortgage Loans that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and (C) REO Properties; (vi) the aggregate amount on deposit in of Principal Prepayments made during the related Prepayment Period; (vii) the aggregate amount of Realized Losses incurred during the related Prepayment Period and the cumulative amount of Realized Losses; (viii) the Certificate Account Principal Balance of the Class A-1 Certificates, the Mezzanine Certificates and the Class O Certificates, after giving effect to the distributions made on such Distribution Date; (iiix) the Accrued Certificate Interest, Unpaid Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each the Class individuallyA-1 Certificates, all Classes of the Offered Mezzanine Certificates in and the aggregate, all Classes of Class A AIO Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class of Offered Certificates and the amount of Cumulative Realized Losses as of the last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal PrepaymentsPrepayment Interest Shortfalls for such Distribution Date, Loan Purchase Price amounts or other recoveries of principal included thereinto the extent not covered by payments by the Servicer pursuant to Section 3.25; (xi) the amount of Credit Enhancement Percentage for such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000)Distribution Date; (xii) the principal amountAvailable Funds Cap Carryforward Amount for the Class A-1 Certificates and the Mezzanine Certificates, if any, of each Class of for such Distribution Date and the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding remaining unpaid after giving effect to any payment of principal reimbursements therefor on such Distribution Date; (xiii) the aggregate Pool Balance of all Mortgage Loansrespective REMIC Pass-Through Rates applicable to the Class A-1 Certificates, as of the last day of Mezzanine Certificates and the related Collection PeriodClass AIO Certificates for such Distribution Date and the REMIC Pass-Through Rate applicable to the Class A-1 Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xiv) based the Supplemental Interest Payment for each Class on such Distribution Date; In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Certificate Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) Certificate Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to assist time. (c) On each Distribution Date, the Certificate Administrator shall forward to the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in computing their market discount; (xv) the weighted average interest rate respect of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the such Distribution Date; (xviii) Date with such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent;Certificate Administrator deems necessary or appropriate. (xixd) Within a reasonable period of time after the Stated Principal Balance end of each calendar year, the Certificate Administrator shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the largest Mortgage Loans outstanding;Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Certificate Administrator pursuant to any requirements of the Code as from time to time in force. (xxe) No later than noon on the numberBusiness Day prior to each Distribution Date, aggregate Stated Principal Balances and percentage the Certificate Administrator shall forward, by facsimile transmission, the statement prepared pursuant to paragraph (a) of Mortgage Loans that are: this Section 4.03, together with all other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the Trustee. On each Distribution Date, the Trustee shall forward by mail to each Certificateholder the statement prepared pursuant to paragraph (Aa) 30-59 days Delinquent, of this Section 4.03. Neither the Trustee nor the Certificate Administrator shall have any responsibility to (Bi) 60-89 days Delinquent and verify information provided by the Servicer to be included in such statement or (Cii) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquentinclude any information required to be included in such statement if the Servicer has failed to timely produce such information to the Certificate Administrator, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the close of business on the last Business Day of the related Collection Period; (xxxi) the number and Pool Balance with respect to each product type of all Mortgage Loans in Chapter 13 of the United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;required pursuant hereto.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Funding Corp)

Statements. (a) Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Trustee shall make available prepare and post on its website initially located at ▇▇▇.www.usbank.com/abs, a statement as to the distributions made on such Di▇▇▇▇▇▇▇▇.▇▇/▇▇▇▇▇▇ to the Depositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following information: (i) the aggregate amount on deposit in of the Certificate Account distribution made on such Distribution DateDate to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and all Classes of Class B Certificates in the aggregateseparately identified; (iii) the Pass-Through Rate Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) the application of the amounts described in clause (ii) above to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the aggregate amount of Prepayment Penalties attributable to servicing compensation received by the Household Mortgage Loans distributable to Servicer during the Class P Certificates, on the next Distribution Date in accordance with this Agreementrelated Collection Period; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the aggregate amount of Advances for the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such paymentrelated Collection Period; (vi) the amount of Insured Payments, if any; (vii) Pool Balance and the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, Loan Group Balance for each Class Loan Group at the close of Offered Certificates and business at the amount of Cumulative Realized Losses as of the last day end of the related Collection Period; (viiivii) whether a Fairbanks Termination Trigger Eventseparately stated for each Loan Group, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurredthe number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (ixviii) separately stated for each Loan Group, the amount number and aggregate unpaid principal balance of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (x) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based a) 30 to 59 days past due on a Certificate contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in the original principal amount of $1,000); (xii) the principal amount, if any, of each Class bankruptcy as of the Offered Certificates (based close of business on a Certificate in the original principal amount last day of $1,000) which will be outstanding after giving effect to any payment of principal on the calendar month preceding such Distribution Date; (xiiiix) separately stated for each Loan Group, with respect to any Mortgage Loan that became an REO Property during the aggregate Pool preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of all such Mortgage Loans, Loan as of the last day of the related Collection Perioddate it became an REO Property; (xivx) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance of the Mortgage Loans that were 60 days or more Delinquent separately stated for each Loan Group, the book value of the preceding three months any REO Property as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xviii) such other information as , and, cumulatively, the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate total number and aggregate Stated Principal Balance of such Mortgage Loans; (xxi) the status, the number, and the Stated Principal Balances cumulative principal balance of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged REO Properties for all Mortgage Loans as to which title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day day of the month next preceding Collection Period; (xi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Offered Certificates and the Class B-4 Certificates for such Distribution Date, separately identifying the portions thereof attributable to LIBOR Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) [Reserved]; (xviii) [Reserved]; (xix) the amount of the Trustee Fee paid; (xx) the LIBOR Carryover Amounts distributed on such Distribution Date and the portion thereof constituting LIBOR Carryover Amounts, the amount of all LIBOR Carryover Amounts covered by withdrawals from the Reserve Account and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxv) the book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure Liquidation Report for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the such Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Collection Period; (xxviii) the number and Stated Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance of Mortgage Loans that are being contested because purchased by the Servicer or Seller during the related Collection Period and indicating the Section of Section 32 this Agreement requiring or allowing the purchase of the Truth in Lending Act; (xxx) the amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgageseach such Mortgage Loan; and e. other; (xxvii) the aggregate Principal Balance of the Mortgage Loans repurchased by the Servicer (or an affiliate) during the related Collection Period in connection with Section 3.16. Parties that are unable to use usbank.com/abs are entitled to have a paper copy mailed to them via fir▇▇ ▇▇▇▇▇ ▇▇▇▇ by calling the Trustee at (800) 934-6802 and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the close Cut-off Date. (b) Within a reasonable period of business on time after the last Business Day end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii), (xv) and (xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the related Collection Period;Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (xxxic) On each Distribution Date, the number and Pool Balance with respect Trustee shall make available to each product type of all Mortgage Loans in Chapter 13 the Residual Certificateholders a copy of the United States Bankruptcy reports made available to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Residual Certificateholders by the Trustee pursuant to any requirements of the Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 as from time to 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 to 3 payments behind their payment plan;time in force.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp C Bass Mor Ln as Bk Ce Se 2004 Cb1)