Exhibit 99.3
July 1, 2005
Colonial Savings, F.A.
0000 Xxxx Xxxxxxx
Xxxx Xxxxx, Xxxxx 00000
Attention: X. Xxxxx Xxxxxxx
Reference is made to that certain Correspondent Servicing Agreement,
dated as of June 26, 2002 (the "Servicing Agreement") annexed as Exhibit C,
among Colonial Savings, F.A. (the "Servicer"), Xxxxxx Brothers Bank, FSB (the
"Bank") and Aurora Loan Services Inc. (the "Master Servicer"). This notice
constitutes a "Transfer Notice" as contemplated by Section 7.01 of the Servicing
Agreement. Capitalized terms used herein without definition and defined in the
Servicing Agreement are used herein as defined therein. Reference is also made
to that certain Assignment and Assumption Agreement, dated as of July 1, 2005
(the "Assignment") annexed as Exhibit A, by and between the Bank and Xxxxxx
Brothers Holdings Inc. (the "Owner") pursuant to which the Owner acquired from
the Bank all of the Bank's right, title and interest in and to certain of the
Mortgage Loans currently serviced under the Servicing Agreement and assumed for
the benefit of the Servicer and the Bank the rights and obligations of the Bank
as owner of such Mortgage Loans pursuant to the Servicing Agreement. Exhibits
D-1 and D-2 hereto shall supercede Exhibits C-1 and C-2 to the Servicing
Agreement.
The Servicer is hereby notified that the Owner has effected a
Reconstitution with respect to the mortgage loans listed on the attached
schedule (the "Mortgage Loans"). The Servicer is hereby advised of the following
with respect to such Reconstitution and the related Mortgage Loans:
EFFECTIVE DATE OF RECONSTITUTION: July 1, 2005
CUT-OFF DATE: July 1, 2005
NEW OWNER: Xxxxx Fargo Bank, National Association, as trustee for the
Structured Adjustable Rate Mortgage Loan Trust, Series 2005-17
Certificateholders
MASTER SERVICER: Aurora Loan Services LLC
The Servicer is also hereby advised that a REMIC election has been made
with respect to the Mortgage Loans subject to the Reconstitution.
By countersigning this notice and returning it to the Master Servicer
named above, the Servicer hereby acknowledges and agrees that, from and after
the Effective Date, the Servicer shall service the Mortgage Loans in accordance
with the terms of the Servicing Agreement for the benefit of the New Owner named
above, as the Owner of the Mortgage Loans. From and after the Effective Date,
the New Owner named above shall have the same rights under the Servicing
Agreement as the Initial Owner named therein with respect to the Mortgage Loans.
1
In addition to the terms and conditions set forth in the Servicing
Agreement, the Servicer hereby acknowledges and agrees that on or before the
last day of February of each year, beginning with February 28, 2006, the
Servicer, at its own expense, will deliver to the Owner and the Master Servicer
a Servicing Officer's certificate stating, as to each signer thereof, that (i) a
review of the activities of the Servicer during such preceding fiscal year and
of performance under this Agreement has been made under such officers'
supervision and (ii) to the best of such officers' knowledge, based on such
review, the Servicer has fulfilled all its obligations under this Agreement for
such year, or, if there has been a default in the fulfillment of all such
obligations, specifying each such default known to such officer and the nature
and status thereof including the steps being taken by the Servicer to remedy
such default.
For so long as a certificate under the Xxxxxxxx-Xxxxx Act of 2002, as
amended, ("Xxxxxxxx-Xxxxx") is required to be given on behalf of Structured
Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series
2005-17 (the "Trust Fund,") no later than March 15th of each year (or if not a
Business Day, the immediately preceding Business Day), or at any other time that
the Master Servicer, Structured Asset Securities Corporation (the "Depositor")
or Xxxxx Fargo Bank, National Association (the "Trustee") provides a
certification pursuant to Xxxxxxxx-Xxxxx and upon thirty (30) days written
request of such parties, an officer of the Servicer shall execute and deliver an
Officer's Certificate to the Master Servicer, the Trustee and the Depositor for
the benefit of the Trust Fund and the Master Servicer, the Trustee and the
Depositor and their officers, directors and affiliates, in the form of Exhibit B
hereto.
[SIGNATURE PAGE IMMEDIATELY FOLLOWS]
2
XXXXXX BROTHERS HOLDINGS INC., as Owner
By:___________________________________
Name: Xxxxx Xxxxxxx
Title: Authorized Signatory
Acknowledged by:
COLONIAL SAVINGS, F.A.,
as Servicer
By:_______________________________
Name: Xxxx Xxxxx
Title: Senior Vice President
EXHIBIT A
Assignment Agreement
A-1
EXHIBIT B
Structured Asset Securities Corporation
000 Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Aurora Loan Services LLC
000 Xxxxxxxxx Xxxxx Xxxxx
Xxxxxxxxx, XX 00000
Mail Stop Code - 3195
Re: Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through
Certificates, Series 2005-17
Reference is made to the Transfer Notice, dated as of July 1, 2005 (the
"Notice"), by and among Xxxxxx Brothers Holdings Inc., as owner and Colonial
Savings, F.A., as servicer (the "Servicer"). I, [identify the certifying
individual], a [title] of the Servicer, hereby certify to Xxxxx Fargo Bank,
National Association, as trustee (the "Trustee"), Aurora Loan Services LLC, as
master servicer (the "Master Servicer") and Structured Asset Securities
Corporation, as depositor (the "Depositor"), and their respective officers,
directors and affiliates, and with the knowledge and intent that they will rely
upon this certification, that:
1. I have reviewed the information required to be delivered to the Master
Servicer pursuant to the Servicing Agreement (the "Servicing Information");
2. Based on my knowledge, the Servicing Information does not contain any
material untrue information or omit to state information necessary to make
the Servicing Information, in light of the circumstances under which such
information was provided, not misleading as of the date of this
certification;
3. Based on my knowledge, the Servicing Information has been provided to the
Master Servicer when and as required under the Servicing Agreement;
4. I am responsible for reviewing the activities performed by the Servicer
under the Servicing Agreement, and based upon the review required
thereunder, and except as disclosed in writing to you on or prior to the
date of this certification ( a copy of which disclosure is attached
hereto), the Servicer has, as of the date of this certification, fulfilled
its obligations under this Servicing Agreement; and
B-1
5. I have disclosed to the accountants conducting the annual review required
under Section 6.05 of the Servicing Agreement all significant deficiencies
relating to the Servicer's compliance with the Servicing Agreement.
COLONIAL SAVINGS, F.A.
Name: ____________________________
Title: ____________________________
Date: ____________________________
B-2
EXHIBIT C
Servicing Agreement
C-1
EXHIBIT D-1
FORM OF MONTHLY REMITTANCE ADVICE
FIELD NAME DESCRIPTION FORMAT
---------- ----------- ------
INVNUM INVESTOR LOAN NUMBER Number no decimals
SERVNUM SERVICER LOAN NUMBER, REQUIRED Number no decimals
BEGSCHEDBAL BEGINNING SCHEDULED BALANCE FOR SCHED/SCHED Number two decimals
BEGINNING TRAIL BALANCE FOR ACTUAL/ACTUAL, REQUIRED
SCHEDPRIN SCHEDULED PRINCIPAL AMOUNT FOR SCHEDULED/SCHEDULED Number two decimals
ACTUAL PRINCIPAL COLLECTED FOR ACTUAL/ACTUAL, REQUIRED,
.00 IF NO COLLECTIONS
CURT1 CURTAILMENT 1 AMOUNT, .00 IF NOT APPLICABLE Number two decimals
CURT1DATE CURTAILMENT 1 DATE, BLANK IF NOT APPLICABLE DD-MMM-YY
CURT1ADJ CURTAILMENT 1 ADJUSTMENT, .00 IF NOT APPLICABLE Number two decimals
CURT2 CURTAILMENT 2 AMOUNT, .00 IF NOT APPLICABLE Number two decimals
CURT2DATE CURTAILMENT 2 DATE, BLANK IF NOT APPLICABLE DD-MMM-YY
CURT2ADJ CURTAILMENT 2 ADJUSTMENT, .00 IF NOT APPLICABLE Number two decimals
LIQPRIN PAYOFF, LIQUIDATION PRINCIPAL, .00 IF NOT APPLICABLE Number two decimals
OTHPRIN OTHER PRINCIPAL, .00 IF NOT APPLICABLE Number two decimals
PRINREMIT TOTAL PRINCIPAL REMITTANCE AMOUNT, .00 IF NOT APPLICABLE Number two decimals
INTREMIT NET INTEREST REMIT, INCLUDE PAYOFF INTEREST, Number two decimals
.00 IF NOT APPLICABLE
TOTREMIT TOTAL REMITTANCE AMOUNT, .00 IF NOT APPLICABLE Number two decimals
ENDSCHEDBAL ENDING SCHEDULED BALANCE FOR SCHEDULED/SCHEDULED Number two decimals
ENDING TRIAL BALANCE FOR ACTUAL/ACTUAL
.00 IF PAIDOFF, LIQUIDATED OR FULL CHARGEOFF
ENDACTBAL ENDING TRIAL BALANCE Number two decimals
.00 IF PAIDOFF, LIQUIDATED OR FULL CHARGEOFF
ENDDUEDATE ENDING ACTUAL DUE DATE, NOT LAST PAID INSTALLMENT DD-MMM-YY
ACTCODE 60 IF PAIDOFF, BLANK IF NOT APPLICABLE Number no decimals
ACTDATE ACTUAL PAYOFF DATE, BLANK IF NOT APPLICABLE DD-MMM-YY
INTRATE INTEREST RATE, REQUIRED Number seven decimals
Example .0700000 for 7.00%
SFRATE SERVICE FEE RATE, REQUIRED Number seven decimals
D-1-1
Example .0025000 for .25%
PTRATE PASS THRU RATE, REQUIRED Number seven decimals
Example .0675000 for 6.75%
PIPMT P&I CONSTANT, REQUIRED Number two decimals
.00 IF PAIDOFF
D-1-2
EXHIBIT D-2
STANDARD LAYOUT FOR MONTHLY DEFAULTED LOAN REPORT
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DATA FIELD FORMAT DATA DESCRIPTION
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% of MI coverage NUMBER(6,5) The percent of coverage
provided by the PMI company
in the event of loss on a
defaulted loan.
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Actual MI claim filed date DATE(MM/DD/YYYY) Actual date that the claim
was submitted to the PMI
company.
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Actual bankruptcy start date DATE(MM/DD/YYYY) Actual date that the
bankruptcy petition is filed
with the court.
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Actual MI claim amount filed NUMBER(15,2) The amount of the claim that
was filed by the servicer
with the PMI company.
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Actual discharge date DATE(MM/DD/YYYY) Actual date that the
Discharge Order is entered
in the bankruptcy docket.
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Actual due date DATE(MM/DD/YYYY) Actual due date of the next
outstanding payment amount
due from the mortgagor.
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Actual eviction complete date DATE(MM/DD/YYYY) Actual date that the
eviction proceedings are
completed by local counsel.
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Actual eviction start date DATE(MM/DD/YYYY) Actual date that the
eviction proceedings are
commenced by local counsel.
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Actual first legal date DATE(MM/DD/YYYY) Actual date that foreclosure
counsel filed the first
legal action as defined by
state statute.
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Actual redemption end date DATE(MM/DD/YYYY) Actual date that the
foreclosure redemption
period expires.
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Bankruptcy chapter VARCHAR2(2) 7= Chapter 7 filed 11= Chapter 11 filed Chapter of bankruptcy filed.
12= Chapter 12 filed 13= Chapter 13 filed
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Bankruptcy flag VARCHAR2(2) Y=Active Bankruptcy N=No Active Bankruptcy Servicer defined indicator
that identifies that the
property is an asset in an
active bankruptcy case.
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Bankruptcy Case Number VARCHAR2(15) The court assigned case
number of the bankruptcy
filed by a party with
interest in the property.
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D-2-1
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MI claim amount paid NUMBER(15,2) The amount paid to the
servicer by the PMI company
as a result of submitting an
MI claim.
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MI claim funds received date DATE(MM/DD/YYYY) Actual date that funds were
received from the PMI
company as a result of
transmitting an MI claim.
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Current loan amount NUMBER(10,2) Current unpaid principal
balance of the loan as of
the date of reporting to
Aurora Master Servicing.
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Date FC sale scheduled DATE(MM/DD/YYYY) Date that the foreclosure
sale is scheduled to be
held.
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Date relief/dismissal granted DATE(MM/DD/YYYY) Actual date that the
dismissal or relief from
stay order is entered by the
bankruptcy court.
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Date REO offer accepted DATE(MM/DD/YYYY) Actual date of acceptance
of an REO offer.
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Date REO offer received DATE(MM/DD/YYYY) Actual date of receipt of
an REO offer.
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Delinquency value NUMBER(10,2) Value obtained typically
from a BPO prior to
foreclosure referral not
related to loss mitigation
activity.
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Delinquency value source VARCHAR2(15) BPO= Broker's Price Appraisal=Appraisal Name of vendor or
Opinion management company that
provided the delinquency
valuation amount.
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Delinquency value date DATE(MM/DD/YYYY) Date that the delinquency
valuation amount was
completed by vendor or
property management company.
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Delinquency flag VARCHAR2(2) Y= 90+ delinq. Servicer defined indicator
N=Less than 90 days delinquent that identifies that the
loan is delinquent but is
not involved in loss
mitigation, foreclosure,
bankruptcy or REO.
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Foreclosure flag VARCHAR2(2) Y=Active foreclosure N=No active foreclosure Servicer defined indicator
that identifies that the
loan is involved in
foreclosure proceedings.
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Corporate expense balance NUMBER(10,2) Total of all cumulative
expenses advanced by the
servicer for non-escrow
expenses such as but not
limited to: FC fees and
costs, bankruptcy fees and
costs, property preservation
and property inspections.
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D-2-2
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Foreclosure attorney DATE(MM/DD/YYYY) Actual date that the loan
referral date was referred to local
counsel to begin foreclosure
proceedings.
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Foreclosure valuation NUMBER(15,2) Value obtained during the
amount foreclosure process. Usually
as a result of a BPO and
typically used to calculate
the bid.
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Foreclosure valuation DATE(MM/DD/YYYY) Date that foreclosure
date valuation amount was
completed by vendor or
property management company.
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Foreclosure valuation VARCHAR2(80) BPO= Broker's Price Appraisal=Appraisal Name of vendor or management
source Opinion company that provided the
foreclosure valuation
amount.
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FHA 27011A transmitted DATE(MM/DD/YYYY) Actual date that the FHA
date 27011A claim was submitted
to HUD.
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FHA 27011 B transmitted DATE(MM/DD/YYYY) Actual date that the FHA
date 27011B claim was submitted
to HUD.
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VA LGC/ FHA Case number VARCHAR2(15) Number that is assigned
individually to the loan by
either HUD or VA at the time
of origination. The number
is located on the Loan
Guarantee Certificate (LGC)
or the Mortgage Insurance
Certificate (MIC).
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FHA Part A funds DATE(MM/DD/YYYY) Actual date that funds were
received date received from HUD as a
result of transmitting the
27011A claim.
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Foreclosure actual DATE(MM/DD/YYYY) Actual date that the
sale date foreclosure sale was held.
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Servicer loan number VARCHAR2(15) Individual number that
uniquely identifies loan as
defined by servicer.
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Loan type VARCHAR2(2) 1=FHA Residential 2=VA Residential Type of loan being serviced
3=Conventional w/o PMI 4=Commercial generally defined by the
5=FHA Project 6=Conventional w/PMI existence of certain types
7=HUD 235/265 8=Daily Simple Interest Loan of insurance. (ie: FHA, VA,
9=Farm Loan U=Unknown conventional insured,
S=Sub prime conventional uninsured, SBA,
etc.)
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Loss mit approval DATE(MM/DD/YYYY) The date determined that the
date servicer and mortgagor agree
to pursue a defined loss
mitigation alternative.
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D-2-3
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Loss mit flag VARCHAR2(2) Y= Active loss N=No active loss Servicer defined indicator tha
mitigation mitigation identifies that the loan is
involved in completing a
loss mitigation alternative.
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Loss mit removal date DATE(MM/DD/YYYY) The date that the mortgagor
is denied loss mitigation
alternatives or the date
that the loss mitigation
alternative is completed
resulting in a current or
liquidated loan.
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Loss mit type VARCHAR2(2) L=Loss Mitigation LT=Litigation pending The defined loss mitigation
NP=Pending non-performing sale CH=Charge off alternative identified on the
DI=Deed in lieu FB=Forbearance plan loss mit approval date.
MO=Modification PC=Partial claim
SH=Short sale VA=VArefunding
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Loss mit value NUMBER(10,2) Value obtained typically
from a BPO prior to
foreclosure sale intended to
aid in the completion of
loss mitigation activity.
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Loss mit value date DATE(MM/DD/YYYY) Name of vendor or management
company that provided the
loss mitigation valuation
amount.
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Loss mit value source VARCHAR2(15) BPO= Broker's Price Opinion Appraisal=Appraisal Date that the lost
mitigation valuation amount
was completed by vendor or
property management company.
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MI certificate number VARCHAR2(15) A number that is assigned
individually to the loan by
the PMI company at the time
of origination. Similar to
the VA LGC/FHA Case Number
in purpose.
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LPMI Cost NUMBER(7,7) The current premium paid to
the PMI company for Lender
Paid Mortgage Insurance.
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Occupancy status VARCHAR2(1) O=Owner occupied T=Tenant occupied The most recent status of the
U=Unknown V=Vacant property regarding who if
anyone is occupying the
property. Typically a result
of a routine property
inspection.
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First Vacancy date/ DATE(MM/DD/YYYY) The date that the most recent
Occupancy status date occupancy status was
determined. Typically the
date of the most recent
property inspection.
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Original loan amount NUMBER(10,2) Amount of the contractual
obligations (ie: note and
mortgage/deed of trust).
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D-2-4
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Original value amount NUMBER(10,2) Appraised value of
property as of origination
typically determined
through the appraisal
process.
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Origination date DATE(MM/DD/YYYY) Date that the contractual
obligations (ie: note and
mortgage/deed of trust) of
the mortgagor was
executed.
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FHA Part B funds received DATE(MM/DD/YYYY) Actual date that funds were
date received from HUD as a
result of transmitting the
27011B claim.
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Post petition due date DATE(MM/DD/YYYY) The post petition due date
of a loan involved in a
chapter 13 bankruptcy.
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Property condition VARCHAR2(2) 1= Excellent 2=Good Physical condition of the
3=Average 4=Fair property as most recently
5=Poor 6=Very poor reported to the servicer by
vendor or property
management company.
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Property type VARCHAR2(2) 1=Single family 2=Town house Type of property secured by
3=Condo 4=Multifamily 5=Other mortgage such as: single
6=Prefabricated B=Commercial C=Land only family, 2-4 unit, etc.
7=Mobile home U=Unknown D=Farm
A=Church P=PUD R=Row house
O=Co-op M=Manufactured housing 24=2-4 family
CT=Condotel MU=Mixed use
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Reason for default VARCHAR2(3) 001=Death of principal mtgr 02=Illness of principal mtgr Cause of delinquency as
003=Illness of mtgr's family member identified by mortgagor.
004=Death of mtgr's family member 005=Marital difficulties
006=Curtailment of income 007=Excessive obligations
008=Abandonment of property 009=Distant employee transfer
011=Property problem 012=Inability to sell property
013=Inability to rent property 014=Military service
015=Other 016=Unemployment
017=Business failure 019=Casualty loss
022=Energy-Environment costs 023= Servicing problems
026= Payment adjustment 027=Payment dispute
029=Transfer ownership pending 030=Fraud
031=Unable to contact borrower INC=Incarceration
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REO repaired value NUMBER(10,2) The projected value of the
property that is adjusted
from the "as is" value
assuming necessary repairs
have been made to the
property as determined by
the vendor/property
management company.
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D-2-5
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REO list price adjustment NUMBER(15,2) The most recent listing/
amount pricing amount as updated
by the servicer for REO
properties.
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REO list price adjustment DATE(MM/DD/YYYY) The most recent date that
amount the servicer advised the
agent to make an
adjustment to the REO
listing price
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REO value (as is) NUMBER(10,2) The value of the property
without making any
repairs as determined by
the vendor/property
management company.
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REO actual closing date DATE(MM/DD/YYYY) The actual date that the
sale of the REO property
closed escrow.
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REO flag VARCHAR2(7) Y=Active REO N=No active REO Servicer defined
indicator that identifies
that the property is now
Real Estate Owned.
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REO original list date DATE(MM/DD/YYYY) The initial/first date
that the property was
listed with an agent as
an REO.
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REO original list price NUMBER(15,2) The initial/first price
that was used to list the
property with an agent as
an REO.
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REO net sales proceeds NUMBER(10,2) The actual REO sales
price less closing costs
paid. The net sales
proceeds are identified
within the HUD1
settlement statement.
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REO sales price NUMBER(10,2) Actual sales price agreed
upon by both the
purchaser and servicer as
documented on the HUD1
settlement statement.
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REO scheduled close date DATE(MM/DD/YYYY) The date that the sale of
the REO property is
scheduled to close
escrow.
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REO value date DATE(MM/DD/YYYY) Date that the vendor or
management company
completed the valuation
of the property resulting
in the REO value (as is).
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REO value source VARCHAR2(15) BPO= Broker's Price Opinion Appraisal=Appraisal Name of vendor or
management company that
provided the REO value
(as is).
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Repay first due date DATE(MM/DD/YYYY) The due date of the first
scheduled payment due
under a forbearance or
repayment plan agreed to
by both the mortgagor and
servicer.
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Repay next due date DATE(MM/DD/YYYY) The due date of the next
outstanding payment due
under a forbearance or
repayment plan agreed to
by both the mortgagor and
servicer.
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D-2-6
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Repay plan broken/reinstated/closed date DATE(MM/DD/YYYY) The servicer defined date upon which the servicer
considers that the plan is no longer in effect as
a result of plan completion or mortgagor's failure
to remit payments as scheduled.
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Repay plan created date DATE(MM/DD/YYYY) The date that both the mortgagor and servicer
agree to the terms of a forbearance or repayment
plan.
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SBO loan number NUMBER(9) Individual number that uniquely identifies loan as
defined by Xxxxxx Xxxxxx Xxxxxxxxx.
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Escrow balance/advance balance NUMBER(10,2) The positive or negative account balance that is
dedicated to payment of hazard insurance, property
taxes, MI, etc. (escrow items only)
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Title approval letter received date DATE(MM/DD/YYYY) The actual date that the title approval was
received as set forth in the HUD title approval
letter.
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Title package HUD/VA date DATE(MM/DD/YYYY) The actual date that the title package was
submitted to either HUD or VA.
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VA claim funds received date DATE(MM/DD/YYYY) The actual date that funds were received by the
servicer from the VA for the expense claim
submitted by the servicer.
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VA claim submitted date DATE(MM/DD/YYYY) The actual date that the expense claim was
submitted by the servicer to the VA.
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VA first funds received amount NUMBER(15,2) The amount of funds received by the servicer from
VA as a result of the specified bid.
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VA first funds received date DATE(MM/DD/YYYY) The date that the funds from the specified bid
were received by the servicer from the VA.
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VA XXX submitted date DATE(MM/DD/YYYY) Actual date that the Notice of Election to Convey
was submitted to the VA.
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Zip Code VARCHAR2(5) US postal zip code that corresponds to property
location.
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D-2-7
8
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FNMA Delinquency VARCHAR2(3) 09=Forbearance 17=Preforeclosure sale The code that is
status code 24=Drug seizure 26=Refinance 27=Assumption electronically reported
28=Modification 29=Charge-off 30=Third-party sale to FNMA by the servicer
31=Probate 32=Military indulgence 43=Foreclosure that reflects the
44=Deed-in-lieu 49=Assignment 61=Second lien considerations current defaulted status
62=VA no-bid 63=VA Refund 64=VA Buydown of a loan. (ie: 65, 67,
65=Ch. 7 bankruptcy 66=Ch. 11 bankruptcy 67=Ch. 13 bankruptcy 43 or 44)
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FNMA delinquency VARCHAR2(3) 001=Death of principal mtgr 002=Illness of principal mtgr The code that is
reason code 003=Illness of mtgr's family member 004=Death of mtgr's family member electronically reported
005=Marital difficulties 006=Curtailment of income to FNMA by the servicer
007=Excessive obligations 008=Abandonment of property that describes the
009=Distant employee transfer 011=Property problem circumstance that
012=Inability to sell property 013=Inability to rent property appears to be the
014=Military service 015=Other primary contributing
016=Unemployment 017=Business failure factor to the
019=Casualty loss 022=Energy-Environment costs delinquency.
023= Servicing problems 026= Payment adjustment
027=Payment dispute 029=Transfer ownership pending
030=Fraud 031=Unable to contact borrower
INC=Incarceration
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Suspense balance NUMBER(10,2) Money submitted to the
servicer, credited to
the mortgagor's account
but not allocated to
principal, interest,
escrow, etc.
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Restricted escrow NUMBER(10,2) Money held in escrow by
balance the mortgage company
through completion of
repairs to property.
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Investor number NUMBER (10,2) Unique number assigned
to a group of loans in
the servicing system.
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D-2-8
