Common use of Underwriting Methodology Clause in Contracts

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's ’s income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's ’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's ’s income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's ’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs employs, in part, objective mathematical principles which relate the related Mortgagorborrower's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagorborrower's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor borrower had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's ’s income, credit history, assets and liabilities to the proposed payment and such underwriting methodology did and does not rely on the extent of the related Mortgagor's ’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;.

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's borrower’s income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's borrower’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor borrower had a reasonable ability to make timely payments on the Mortgage Loan;.

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs includes objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs employs, in part, objective mathematical principles which relate the related Mortgagor's ’s income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's ’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate related the related Mortgagor's income, assets and liabilities to the proposed payment and/or the Mortgagor's past credit history and such underwriting methodology does not rely solely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs employs, in part, objective mathematical principles which relate the related Mortgagorborrower's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagorborrower's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor borrower had a reasonable ability to make timely payments on the Mortgage Loan;; and

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's ’s income, assets and liabilities to the proposed payment and such underwriting methodology did and does not rely solely on the extent of the related Mortgagor's ’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;.

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs employs, in part, objective mathematical principles which relate the related Mortgagorborrower's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagorborrower's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor borrower had a reasonable ability to make timely payments on the Mortgage Loan;.

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's ’s income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's ’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs employs, in part, objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;.

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's ’s income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's ’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;Loan (ccc)

Underwriting Methodology. The With respect to delegated underwritten loans, the methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely solely on the extent of the related Mortgagor's ’s equity in the collateral as the principal determining factor in approving such credit extensionextension of credit. Such underwriting The methodology confirmed that at employed objective criteria such as the time of origination (application/approval) Mortgagor’s income, assets, liabilities and the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;proposed mortgage payment in accordance with Agency Guidelines.

Underwriting Methodology. The methodology used in underwriting the extension of credit for each MILA Mortgage Loan employs employs, in part, objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the MILA Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's ’s income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's ’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;.

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs employs, in part, objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage the Loan employs objective mathematical principles which relate the related MortgagorBorrower's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related MortgagorBorrower's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor Borrower had a reasonable ability to make timely payments on the Mortgage Loan;.

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extensionextension (other than no documentation Mortgage Loans). Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely solely on the extent of the related Mortgagor's ’s equity in the collateral as the principal determining factor in approving such credit extensionextension of credit. Such underwriting The methodology confirmed employed related objective criteria such as the Mortgagor’s income, assets and liabilities to the proposed mortgage payment and, based on such methodology, the Mortgage Loan’s originator made a reasonable determination that at the time of origination (application/approval) the related Mortgagor had a reasonable the ability to make timely payments on the Mortgage Loan;.

Underwriting Methodology. The With respect to delegated underwritten loans, the methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely solely on the extent of the related Mortgagor's Customer’s equity in the collateral as the principal determining factor in approving such credit extensionextension of credit. Such underwriting The methodology confirmed that at employed objective criteria such as the time of origination Customer’s income, assets, liabilities and the proposed mortgage payment in accordance with Investor Guidelines. (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;oo)

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs employs, in part, objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;had

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's ’s income, credit history, assets and liabilities to the proposed payment and such underwriting methodology did and does not rely on the extent of the related Mortgagor's ’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's =s income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's =s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does did not rely solely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extensionextension of credit. Such underwriting The methodology confirmed employed objective criteria such as the Mortgagor's income, assets and liabilities, to the proposed mortgage payment and, based on such methodology, the Mortgage Loan's originator made a reasonable determination that at the time of origination (application/approval) the related Mortgagor had a reasonable the ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's borrower’s income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's borrower’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor borrower had a reasonable ability to make timely payments on the Mortgage Loan;. jjj.

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely solely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extensionextension of credit. Such underwriting The methodology confirmed employed objective criteria such as the Mortgagor's income, assets and liabilities, to the proposed mortgage payment and, based on such methodology, the Mortgage Loan's originator made a reasonable determination that at the time of origination (application/approval) the related Mortgagor had a reasonable the ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely solely on the extent of the related Mortgagor's ’s equity in the collateral as the principal determining factor in approving such credit extensionextension of credit. Such underwriting The methodology confirmed employed objective criteria such as the Mortgagor’s income, assets and liabilities, to the proposed mortgage payment and, based on such methodology, the Mortgage Loan’s originator made a reasonable determination that at the time of origination (application/approval) the related Mortgagor had a reasonable the ability to make timely payments on the Mortgage Loan;; ooo.

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's borrower’s income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's borrower’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor borrower had a reasonable ability to make timely payments on the Mortgage Loan;. lll.

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's borrower’s income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's borrower’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor borrower had a reasonable ability to make timely payments on the Mortgage Loan;. hhh.

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, credit history, assets and liabilities to the proposed payment and such underwriting methodology did and does not rely solely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

Underwriting Methodology. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely solely on the extent of the related Mortgagor's ’s equity in the collateral as the principal determining factor in approving such credit extensionextension of credit. Such underwriting The methodology confirmed employed objective criteria such as the Mortgagor’s income, assets and liabilities, to the proposed mortgage payment and, based on such methodology, the Mortgage Loan’s originator made a reasonable determination that at the time of origination (application/approval) the related Mortgagor had a reasonable the ability to make timely payments on the Mortgage Loan;.