SUBSERVICING SUPPLEMENT dated as of December 26, 2012 between OCWEN LOAN SERVICING, LLC and HLSS HOLDINGS, LLC
Exhibit 10.2
dated as of December 26, 2012
between
OCWEN LOAN SERVICING, LLC
and
HLSS HOLDINGS, LLC
CONTENTS
| Clause | Page | |||||
| ARTICLE I. DEFINITIONS |
1 | |||||
| 1.1 |
Definitions |
1 | ||||
| ARTICLE II. SUBSERVICING |
3 | |||||
| 2.1 |
Engagement as Subservicer |
3 | ||||
| 2.2 |
Servicing Transfer Procedures |
3 | ||||
| 2.3 |
Reference to Master Subservicing Agreement |
3 | ||||
| ARTICLE III. SERVICING FEES |
3 | |||||
| 3.1 |
Base Subservicing Fee |
3 | ||||
| 3.2 |
Performance Fee |
4 | ||||
| ARTICLE IV. MISCELLANEOUS |
4 | |||||
| 4.1 |
Incorporation |
4 | ||||
| 4.2 |
Third Party Beneficiaries |
4 | ||||
| SCHEDULE I | Servicing Agreements | |
| SCHEDULE II | Retained Servicing Fee Percentage | |
| SCHEDULE III | Target Ratio Schedule |
This SUBSERVICING SUPPLEMENT, dated as of December 26, 2012 (this “Subservicing Supplement”), is by and between HLSS HOLDINGS, LLC, a Delaware limited liability company (“Servicer”), and OCWEN LOAN SERVICING, LLC, a Delaware limited liability company (“Ocwen”).
RECITALS:
WHEREAS, as of the applicable Servicing Transfer Date (as defined herein), Servicer will become the servicer of certain Mortgage Loans (as defined in the Master Subservicing Agreement) pursuant to the terms of those certain pooling and servicing agreements or other servicing agreements listed in Schedule I hereto; and
WHEREAS, Servicer and Ocwen are parties to that certain Master Subservicing Agreement dated as of October 1, 2012 (the “Master Subservicing Agreement”); and
WHEREAS, Servicer desires to engage Ocwen to act as subservicer with respect to the Mortgage Loans relating to those pooling and servicing agreements or other servicing agreements listed in Schedule I hereto, as of the applicable Servicing Transfer Date (as defined herein), and Ocwen desires to act as subservicer with respect to the Mortgage Loans relating to those pooling and servicing agreements or other servicing agreements, on the terms set forth in the Master Subservicing Agreement, as supplemented by this Subservicing Supplement.
NOW, THEREFORE, in consideration of the premises and mutual agreements hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, Servicer and Ocwen agree as follows:
ARTICLE I.
DEFINITIONS.
1.1 Definitions. (a) For purposes of this Subservicing Supplement, the following capitalized terms shall have the respective meanings set forth or referenced below.
“Base Subservicing Fee” has the meaning set forth in Section 3.1.
“Deferred Servicing Agreement” has the meaning set forth in the Sale Supplement.
“Excess Servicing Advances” shall mean, for any calendar month, the amount, if any, by which the outstanding Servicing Advances with respect to the Servicing Agreements as of the last day of such calendar month exceeds an amount equal to (a) the Target Ratio for such calendar month multiplied by (b) the unpaid principal balance of the Mortgage Loans subject to the Servicing Agreements as of the last day of such calendar month.
“Monthly Servicing Fee” shall mean, for each calendar month, the sum of the Base Subservicing Fee for such calendar month and the Seller Monthly Servicing Fee (as defined in the Sale Supplement) for such calendar month.
“Performance Fee” has the meaning set forth in Section 3.2.
“Retained Servicing Fee” shall mean, for any calendar month, an amount equal to the sum of (a) the product of the Retained Servicing Fee Percentage for such calendar month and the average unpaid principal balance of all Mortgage Loans subject to the Subject Servicing Agreements and the Deferred Servicing Agreements during such calendar month, and (b) the Retained Servicing Fee Shortfall, if any, for the immediately prior calendar month.
“Retained Servicing Fee Percentage” shall mean, for any calendar month, the percentage set forth on Schedule II to this Subservicing Supplement.
“Retained Servicing Fee Shortfall” shall mean, for any calendar month, beginning in January, 2013, an amount equal to the excess, if any, of (a) the Retained Servicing Fee for such calendar month over (b) the excess, if any, of (x) the aggregate Servicing Fees actually received by Servicer pursuant to the Subject Servicing Agreements and with respect to the Deferred Servicing Agreements during such calendar month (whether directly pursuant to such Subject Servicing Agreement or pursuant to Sale Supplement, as applicable) over (y) the Monthly Servicing Fee for such calendar month.
“Sale Supplement” shall mean that certain Sale Supplement, dated as of the date hereof, between Servicer and Home Loan Servicing Solutions, Ltd., as Purchasers, and Ocwen, as Seller, as the same may be amended, supplemented or otherwise modified from time to time.
“Scheduled Termination Date” means, with respect to each Subject Servicing Agreement serviced pursuant to this Subservicing Supplement, the date which is six (6) years after the closing date of the initial acquisition of assets pursuant to the Sale Supplement.
“Servicing Agreement” shall mean each of the pooling and servicing agreements or other servicing agreements listed in Schedule I hereto.
“Servicing Fees” shall mean, with respect to any Servicing Agreement, the servicing fees payable to Servicer and Home Loan Servicing Solutions, Ltd. under the Sale Supplement and the Subject Servicing Agreements, including each “servicing fee” payable based on a percentage of the outstanding principal balance of the Mortgage Loans serviced pursuant to such Servicing Agreement, but excluding any Ancillary Income, Prepayment Interest Excess or any amounts earned in connection with the investment of funds in the related Custodial Accounts and Escrow Accounts.
“Servicing Transfer Date” shall have the meaning specified in the Sale Supplement.
“Subject Servicing Agreement” shall mean, as of any date of determination, each Servicing Agreement with respect to which the Servicing Transfer Date has occurred on or prior to such date and with respect to which the Subservicing Termination Date has not occurred on or prior to such date.
“Target Ratio” for each calendar month shall mean the amount specified in Schedule III with respect to such month.
(b) Any capitalized term used but not defined in this Subservicing Supplement shall have the meaning assigned to such term in the Master Subservicing Agreement.
ARTICLE II.
SUBSERVICING
2.1 Engagement as Subservicer. Servicer hereby engages Ocwen to act as subservicer, and Ocwen agrees to act as subservicer, with respect to the Mortgage Loans relating to those certain pooling and servicing agreements or other servicing agreements listed in Schedule I hereto (the “Subject Servicing Agreements”) pursuant to the terms of the Master Subservicing Agreement, as supplement by this Subservicing Supplement, on and after the related Servicing Transfer Date for such Subject Servicing Agreement. Except as set forth in this Subservicing Supplement or the Master Subservicing Agreement, Ocwen further agrees to be responsible for performing all of the duties and obligations of Servicer and its subservicers under each Subject Servicing Agreement, and to meet any standards and fulfill any requirements applicable to Servicer or its subservicer under each Subject Servicing Agreement on and after the related Servicing Transfer Date.
2.2 Servicing Transfer Procedures. Servicer and Ocwen each covenant and agree to following the Servicing Transfer Procedures agreed pursuant to the Sale Supplement with respect to each Subject Servicing Agreement.
2.3 Reference to Master Subservicing Agreement. Each of Servicer and Subservicer agrees that (a) this Subservicing Supplement is a “Subservicing Supplement” executed pursuant to Section 2.1 of the Master Subservicing Agreement, (b) the terms of this Subservicing Supplement are hereby incorporated into the Master Subservicing Agreement with respect to the Subject Servicing Agreements and the related Mortgage Loans to the extent set forth therein, (c) each of the Subject Servicing Agreements listed in Schedule I is a “Subject Servicing Agreement” as such term is used in the Master Subservicing Agreement on and after the related Servicing Transfer Date, and (d) the terms of this Subservicing Supplement apply to the Subject Servicing Agreements specified herein and not to any other “Subject Servicing Agreement” as that term is used in the Master Subservicing Agreement. In the event of any conflict between the provisions of this Subservicing Supplement and the Master Subservicing Agreement, the terms of this Subservicing Supplement shall prevail.
ARTICLE III.
SERVICING FEES
3.1 Base Subservicing Fee. As compensation for its services with respect to the Subject Servicing Agreements, Servicer shall pay Ocwen a monthly base subservicing fee for each calendar month during which Ocwen is servicing Mortgage Loans with respect to Subject Servicing Agreements pursuant to this Subservicing Supplement equal to 12.00% of the
Subservicing Supplement
aggregate Servicing Fees actually received by Servicer and Home Loan Servicing Solutions, Ltd. pursuant to the Subject Servicing Agreements during such calendar month (the “Base Subservicing Fee”).
3.2 Performance Fee. Servicer shall pay to Ocwen for each calendar month during which Ocwen is servicing Mortgage Loans with respect to Subject Servicing Agreements pursuant to this Subservicing Supplement a performance fee (the “Performance Fee”) equal to the greater of (a) zero and (b) the excess, if any, of the aggregate of all Servicing Fees actually received by Servicer pursuant to the Subject Servicing Agreements and with respect to the Deferred Servicing Agreements during such calendar month (whether directly pursuant to such Subject Servicing Agreement or pursuant to the Sale Supplement, as applicable) over the sum of (i) the Monthly Servicing Fee for such calendar month and (ii) the Retained Servicing Fee for such calendar month, multiplied by (y) a fraction, (i) the numerator of which is the average unpaid principal balance of all Mortgage Loans subject to the Subject Servicing Agreements during such calendar month and (ii) the denominator of which is equal to the sum of the average unpaid principal balance of all Mortgage Loans subject to the Deferred Servicing Agreements during such calendar month and the average unpaid principal balance of all Mortgage Loans subject to the Subject Servicing Agreements during such calendar month, or such other allocation percentage which is agreed by Servicer and Ocwen (the “Allocation Percentage”). The Performance Fee, if any, for any calendar month will be reduced by 4.25% per annum (i.e., 0.3542% per month) of the Excess Servicing Advances, if any, for such calendar month multiplied by the Allocation Percentage, and the amount of any such reduction in the Performance Fee shall be retained by Servicer. If the Closing Date does not occur on the first day of a calendar month, the Performance Fee for the period from the Closing Date to the last of the calendar month in which the Closing Date occurs shall be calculated in a pro rata manner based on the number of days in such period.
ARTICLE IV.
MISCELLANEOUS
4.1 Incorporation. The provisions of Article 10 of the Master Subservicing Agreement are hereby incorporated into this Subservicing Supplement by reference, mutatis mutandis, as if its provisions were fully set forth herein.
4.2 Third Party Beneficiaries. Ocwen and Servicer each acknowledges and agrees that the indenture trustee, on behalf of the holders of related notes, with respect to any Servicing Advance Facility pursuant to which Servicer has transferred Servicer Advances made pursuant to a Servicing Agreement is an express third party beneficiary of this Subservicing Supplement and the Subservicing Agreement solely with respect to the Servicing Agreements related to such Servicing Advance Facility.
[Signature Page Follows]
Subservicing Supplement
IN WITNESS WHEREOF, the parties hereto have caused this Subservicing Supplement to be executed and delivered as of the date first above written.
| HLSS HOLDINGS, LLC | ||||
| By: | /s/ Xxxxx Xxxxxx | |||
| Name: | Xxxxx Xxxxxx | |||
| Title: | CFO | |||
| OCWEN LOAN SERVICING, LLC | ||||
| By: Ocwen Mortgage Servicing, Inc., as its sole member | ||||
| By: | /s/ Xxxxxxx X. Xxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxx | |||
| Title: | Treasurer | |||
Subservicing Supplement
SCHEDULE I
SERVICING AGREEMENTS
| Investor # |
Deal Name | |
| 3447 |
C-BASS 2007-CB4 | |
| 3163 |
GSAMP 2007-HE1 | |
| 3567 |
Nomura 2007-3 | |
| 3237 |
PC 2006-1 | |
| 3436 |
C-BASS 2006-CB7 | |
| 3158 |
GSAMP 2006-HE7 | |
| 3217 |
Nomura 2006-FM2 | |
| 3038 |
CMLTI 2007-AMC3 | |
| 3166 |
GSAMP 2007-NC1 | |
| 3025 |
C-BASS 2007-MX1 | |
| 2967 |
ARSI 2004-W6 | |
| 2966 |
ARSI 2004-W5 | |
| 2963 |
ARSI 2003-W3 | |
| 3418 |
SURF 2003-BC4 | |
| 2988 |
C-BASS 2004-CB2 | |
| 2948 |
ABSC 2004-HE10 | |
| 3209 |
XXXXXX XXXXXXX 2003-HE1 | |
| 3088 |
Fremont 2004-A | |
| 0000 |
XXXXXXX XX XX XX 0000-0 | |
| 3471 |
Fieldstone 2005-1 | |
| 3410 |
Soundview 2005-3 | |
| 0000 |
XXXXXXX XX XX XX 0000-0 | |
| 3414 |
STALT 2006-1F | |
| 3000 |
C-BASS 2005-CB6 | |
| 2958 |
AMIT 2005-1 | |
| 3085 |
First NLC 2005-2 | |
| 3093 |
Fremont 2005-2 | |
| 3008 |
C-BASS 2006-CB4 | |
| 3169 |
GSAMP Trust 2005-WMC3 | |
| 3226 |
Ownit 2006-2 | |
| 2945 |
ABFC 2006-HE1 | |
| 3448 |
C-BASS 2007-CB5 | |
| 3159 |
GSAMP 2006-NC1 | |
| 3573 |
Nomura 2007-2 | |
| 3416 |
SURF 2003-BC2 | |
| 2962 |
ARSI 2003-W1 | |
| 2961 |
AMSI 2004-FR1 |
Sch I-1
| 3338 |
RALI 2006-QS17 | |
| 3382 |
RAMP 2005-RP3 | |
| 2989 |
C-BASS 2004-CB3 | |
| 2984 |
C-BASS 2003-CB5 | |
| 3196 |
MLMI 2003-WMC2 | |
| 3215 |
NCHELT 2003-A | |
| 3145 |
GSAMP 2004-NC1 | |
| 2991 |
X-XXXX 0000-XX0 | |
| 0000 |
Xxxxxxxxxx 2004-4 | |
| 2987 |
X-XXXX 0000-XX0 | |
| 0000 |
Xxxxxxxxxx 2004-3 | |
| 2992 |
X-XXXX 0000-XX0 | |
| 0000 |
X-XXXX 2004-CB8 | |
| 2998 |
C-BASS 2005-CB3 | |
| 2990 |
C-BASS 2004-CB4 | |
| 2957 |
AMIT 2004-1 | |
| 3224 |
Ownit 2005-5 | |
| 3037 |
CMLTI 2006-SHL1 | |
| 3026 |
C-BASS 2007-RP1 | |
| 3441 |
C-BASS 2006-RP2 | |
| 0000 |
XXXX XXXXX 2005-WLL1 | |
| 3230 |
Ownit 2006-6 | |
| 3235 |
PC 2005-3 | |
| 3197 |
MLMI 2007-HE2 | |
| 3005 |
C-BASS 2006-CB1 | |
| 3081 |
Fieldstone 2007-1 | |
| 3111 |
GE WMC 2005-1 | |
| 3153 |
GSAMP 2006-HE2 | |
| 3227 |
Ownit 2006-3 | |
| 3155 |
GSAMP 2006-HE4 | |
| 3411 |
Soundview 2006-1 | |
| 3474 |
Fieldstone 2006-1 | |
| 3231 |
Ownit 2006-7 | |
| 3078 |
Fieldstone 2006-2 | |
| 3228 |
Ownit 2006-4 | |
| 3433 |
X-XXXX 0000-XX0 | |
| 0000 |
XXXXX 2006-HE1 | |
| 3079 |
Fieldstone 2006-3 | |
| 3160 |
GSAMP 2007-FM1 | |
| 3112 |
GE WMC 2005-2 | |
| 3164 |
GSAMP 2007-HE2 | |
| 3426 |
TERWIN 2003-HE2 | |
| 3415 |
SURF 2003-BC1 | |
| 3309 |
Provident 1998-4 |
Sch I-2
| 2979 |
C-BASS 2002-CB5 | |
| 2947 |
ABSC 2001-HE2 | |
| 2944 |
ABFC 2004-AHL1 | |
| 3449 |
CITI 2003-HE1 | |
| 3319 |
RAAC 2006-SP3 | |
| 2975 |
C-BASS 2002-CB1 | |
| 2950 |
ACE 2003-FM1 | |
| 2986 |
C-BASS 2003-RP1 | |
| 2981 |
X-XXXX 0000-XX0 | |
| 0000 |
XXXXX 2003-SEA | |
| 2980 |
X-XXXX 0000-XX0 | |
| 0000 |
XXXXX 2004-HE1 | |
| 2995 |
C-BASS 2004-RP1 | |
| 3320 |
RAAC 2006-SP4 | |
| 2976 |
C-BASS 2002-CB2 | |
| 3427 |
TERWIN 2003-HE4 | |
| 3082 |
Finance America 2003-1 | |
| 3323 |
RAAC 2007-SP3 | |
| 3194 |
Meritage 2003-1 {Provident} | |
| 2982 |
C-BASS 2003-CB2 | |
| 3403 |
SBM7 2002-CIT1 | |
| 2973 |
X-XXXX 0000-XX0 | |
| 0000 |
XXXXXX XXXXXXX 2002-NC2 | |
| 3205 |
XXXXXX XXXXXXX 2002-NC1 | |
| 2977 |
C-BASS 2002-CB3 | |
| 3220 |
Ownit 2005-1 | |
| 3219 |
OWNIT 2004-1 | |
| 3193 |
Merill Lynch2003-HE1-Provident | |
| 3312 |
Provident 2000-2 | |
| 2983 |
X-XXXX 0000-XX0 | |
| 0000 |
XXXXXX XXXXXXX 2002-HE3 | |
| 3080 |
Fieldstone 2006-S1 | |
| 2968 |
ARSI 2004-W7 | |
| 2943 |
ABFC 2003-AHL1 | |
| 3417 |
SURF 2003-BC3 | |
| 2951 |
ACE 2003-HS1 (Provident) | |
| 3207 |
XXXXXX XXXXXXX 2002-NC4 | |
| 3211 |
XXXXXX XXXXXXX 2003-NC3 | |
| 3311 |
Provident 2000-1 | |
| 3406 |
SBMSI 2001-2 | |
| 3212 |
XXXXXX XXXXXXX 2003-NC4 | |
| 3455 |
CFSB 2003-HE5 | |
| 3434 |
C-BASS 2005-RP1 | |
| 3208 |
XXXXXX XXXXXXX 2002-NC5 |
Sch I-3
| 3450 |
CMLT 2004-RES1 | |
| 3420 |
SURF 2004-BC1 | |
| 3202 |
XXXXXX XXXXXXX 2002-AM3 | |
| 3087 |
Fremont 2003-B | |
| 2949 |
ABSC 2004-HE4 | |
| 3409 |
Soundview 2003-1 | |
| 2996 |
C-BASS 2005-CB1 | |
| 2954 |
ACE 2004-RM2 | |
| 3470 |
Fieldstone 2004-5 | |
| 2985 |
X-XXXX 0000-XX0 | |
| 0000 |
XXXXX 2004-AHL | |
| 3475 |
Fremont 2004-C | |
| 3210 |
XXXXXX XXXXXXX 2003-NC2 | |
| 3412 |
Soundview 2006-A | |
| 3147 |
GSAMP 2005-NC1 | |
| 2997 |
C-BASS 2005-CB2 | |
| 3084 |
Finance America 2004-3 | |
| 3435 |
C-BASS 2005-RP2 | |
| 3083 |
FINANCE AMERICA 2004-1 | |
| 3185 |
GSRPM 2006-1 | |
| 3310 |
Provident 1999-3 | |
| 3308 |
PPT 2004-1 | |
| 3232 |
Ownit 2006-OT1 | |
| 3027 |
C-BASS 2007-SL1 | |
| 3421 |
SURF 2004-BC2 | |
| 3419 |
SURF 2004-AA1 | |
| 2993 |
X-XXXX 0000-XX0 | |
| 0000 |
XXXXX 2004-NC2 | |
| 3454 |
XXXX 0000-XX0 | |
| 0000 |
XXXX 2003-HE7 | |
| 3422 |
SURF 2004-BC3 | |
| 2953 |
ACE 2004-FM2 | |
| 3476 |
Fremont 2004-D | |
| 3222 |
Ownit 2005-3 | |
| 3028 |
C-BASS 2007-SP1 | |
| 3432 |
X-XXXX 0000-XX0 | |
| 0000 |
XXXXXX XXXXXXX 2003-NC8 | |
| 3443 |
C-BASS 2006-SL1 | |
| 3423 |
SURF 2004-BC4 | |
| 3424 |
SURF 2005-BC1 | |
| 3221 |
Ownit 2005-2 | |
| 3401 |
SABR 2004-NC1 | |
| 2999 |
C-BASS 2005-CB5 | |
| 2955 |
ACE 2005-AG1 |
Sch I-4
| 3029 |
C-BASS 2007-SP2 | |
| 3095 |
Fremont 2005-B | |
| 3440 |
C-BASS 2006-RP1 | |
| 3039 |
C-BASS 2005-CB4 | |
| 0000 |
XXXXXXX XX XX XX 0000-0 | |
| 3094 |
Fremont 2005-A | |
| 3162 |
GSAMP 2007-H1 | |
| 3141 |
GSAMP 2002-HH | |
| 3223 |
Ownit 2005-4 | |
| 3229 |
Ownit 2006-5 | |
| 3439 |
C-BASS 2006-MH1 | |
| 3225 |
Ownit 2006-1 | |
| 3472 |
Fieldstone 2005-2 | |
| 2946 |
ABFC 2007-NC1 | |
| 3096 |
Fremont 2005-C | |
| 3473 |
Fieldstone 2005-3 | |
| 3006 |
C-BASS 2006-CB2 | |
| 3167 |
GSAMP Trust 2005-HE5 | |
| 3097 |
Fremont 2005-D | |
| 3099 |
Fremont 2006-2 | |
| 3100 |
Fremont 2006-A | |
| 3156 |
GSAMP 2006-HE5 | |
| 3154 |
GSAMP 2006-HE3 | |
| 3101 |
Fremont 2006-B | |
| 2956 |
ACE 2006-FM1 | |
| 3098 |
Fremont 2005-E | |
| 3104 |
Fremont 2006-E | |
| 3103 |
Fremont 2006-D | |
| 3102 |
Fremont 2006-C | |
| 3442 |
C-BASS 2006-SC1 | |
| 3565 |
ACE 2003-NC1 {Provident} | |
| 2952 |
ACE 2004-1 (Provident) | |
| 3148 |
GSAMP 2005-WMC1 | |
| 3009 |
C-BASS 2006-CB5 | |
| 3236 |
PC 2005-4 | |
| 3437 |
C-BASS 2006-CB8 | |
| 3007 |
C-BASS 2006-CB3 | |
| 3188 |
JPMAC 2005-FRE1 | |
| 3216 |
Nomura 2006-FM1 | |
| 3477 |
Fremont 2005-1 | |
| 3149 |
GSAMP 2005-WMC2 | |
| 3024 |
C-BASS 2007-CB6 | |
| 3446 |
X-XXXX 0000-XX0 | |
| 0000 |
XXXXX 0000-XX0 |
Xxx I-5
| 3113 |
GE-WMC 2006-1 | |
| 3010 |
C-BASS 2006-CB6 | |
| 3444 |
C-BASS 2007-CB1 | |
| 3438 |
C-BASS 2006-CB9 | |
| 3151 |
GSAMP 2006-FM3 | |
| 3150 |
GSAMP 2006-FM2 | |
| 3170 |
GSAMP Trust 2006-HE8 | |
| 3161 |
GSAMP 2007-FM2 | |
| 3445 |
C-BASS 2007-CB2 | |
| 2519 |
ACE 2006-HE1 | |
| 2594 |
CSSLT 2006-1 | |
| 2704 |
EquiFirst 2005-1 (Grwch) | |
| 2705 |
First Franklin FFML 2005-FF1 (Barclays) | |
| 2706 |
MSAC 2007-HE1 | |
| 2707 |
MSHEL 2007-2 | |
| 2720 |
Saxon 06-2 | |
| 2721 |
Saxon 03-3 | |
| 2723 |
Saxon 04-3 | |
| 2724 |
Saxon 05-1 | |
| 2725 |
ABFC 2007-WMC1 | |
| 2726 |
MSAC 2007-NC3 | |
| 2728 |
MSAC 2007-HE7 | |
| 2732 |
Soundview 2006-EQ1 | |
| 2733 |
MSAC 2007-HE6 | |
| 2736 |
SAST 2007-3 | |
| 2740 |
First Franklin 2002-FF2 | |
| 2741 |
First Franklin 2002-FF4 | |
| 2746 |
IXIS RE Capital Trust 2005-HE3 | |
| 2747 |
IXIS RE Capital Trust 2005-HE4 | |
| 2748 |
Xxxxxx Xxxxxxx IXIS 2006-1 | |
| 2750 |
IXIS RE Capital Trust 2006-HE1 | |
| 2760 |
Xxxxxx Xxxxxxx ST TR I 2007-1 | |
| 2762 |
Natixis 2007-HE2 | |
| 2763 |
NCFC 2006-MTA-1 | |
| 3801 |
NCFC 2006-1 | |
| 3806 |
NMFT 2007-1 | |
| 3814 |
ABSC 2004-HE9 (CSFB) 1/15/05 | |
| 3819 |
Meritage 2005-1 (Grwch) | |
| 3829 |
ACE 0000-XX0 (Xxxxxxxx) | |
| 3833 |
SABR 2005-FR2 (Barclays) | |
| 3834 |
ABSC 2005-HE2 (CSFB) | |
| 3837 |
FIRST FRANKLIN 2004-FFH3 (Grwch) |
Sch I-6
| 3839 |
Meritage 2004-2 (Grwch) | |
| 3842 |
SAST 2007-4 | |
| 3857 |
Saxon 02-3 | |
| 3858 |
Saxon 03-1 | |
| 2699 |
ABSC 2004-HE5 (CSFB) | |
| 2700 |
ABSC 2004-HE7 (CSFB) 11/15/04 | |
| 2703 |
EquiFirst 2004-2 (Grwch) | |
| 2716 |
SAST 2007-1 | |
| 2717 |
Saxon 05-2 | |
| 2722 |
Saxon 04-2 | |
| 2727 |
MSAC 2007-HE5 | |
| 2729 |
NMFT 2007-2 | |
| 2731 |
Saxon 06-3 | |
| 2734 |
Saxon 04-1 | |
| 2735 |
MSAC 2007-NC4 | |
| 3793 |
Soundview 0000-0 (Xxxxx) XXXXX | |
| 0000 |
XXXX 0000-XX0 (Xxxxxxxx) | |
| 3815 |
ACE 0000-XX0 (Xxxxxxxx) | |
| 3817 |
Soundview Home Loan Trust 2004-1 (Grwch) | |
| 3818 |
Soundview 2004-WMC1 (Grwch) | |
| 3820 |
Soundview 2005-2 (Grwch) | |
| 3828 |
ACE 0000-XX0 (Xxxxxxxx) | |
| 3830 |
ACE 0000-XXXX0 (Xxxxxxxx) | |
| 3831 |
MSHEL 2007-1 | |
| 3832 |
MSAC 2007-HE4 | |
| 3835 |
First Franklin 2004-FFH2 (Grwch) | |
| 3836 |
First Franklin 2004-FF5 (Grwch) | |
| 3838 |
ABFC 2005-HE2 (B of A) | |
| 3840 |
Meritage 2005-2 (Grwch) | |
| 3849 |
Saxon 00-3 | |
| 3854 |
Saxon 02-2 | |
| 3855 |
Saxon 03-2 | |
| 3566 |
Xxxxxx Xxxxxxx 2002-HE1 | |
| 000 |
XXX XXXXX 0000-0 | |
| 000 |
XXXXX 1999-R2 | |
| 413 |
Delta Funding Series 1997-2 | |
| 414 |
Delta Funding Series 1997-3 | |
| 416 |
Delta Funding Series 1998-1 | |
| 460 |
Delta Funding Series 1999-2 | |
| 461 |
Delta Funding Series 1999-3 | |
| 465 |
Delta Funding Series 1999-1 | |
| 520 |
Ocwen 1998-R2 | |
| 527 |
BCF 1997-R2 |
Sch I-7
| 554 |
SBMS 1997-HUD1 | |
| 596 |
Amreit Eagle | |
| 598 |
Xxxxxx Securitization 1998-2 | |
| 2046 |
Metropolitan 1997-B | |
| 2047 |
Xxxxxxxxxxxx 0000-X | |
| 0000 |
Xxxxxxxxxxxx 1998-B | |
| 2050 |
Metropolitan 1999-B | |
| 2052 |
MAFI II REMIC TRUST 1999-D S/S | |
| 2063 |
MSDW 2001-NC1 | |
| 2141 |
Salomon 2001-NC2 | |
| 2143 |
Delta Funding Series 2001-2 | |
| 2155 |
MSDW 2001-NC3 | |
| 2175 |
NCMC 2002-NCA | |
| 2190 |
XXXX 0000-0 | |
| 0000 |
XXXX 2002-3 | |
| 2234 |
XXXX 0000-0 | |
| 0000 |
XXXX 2003-1 | |
| 2266 |
XXXX 0000-0 | |
| 0000 |
XXXX 2003-3 | |
| 2319 |
XXXX 0000-0 | |
| 0000 |
XXXXX 2006-SEA1 | |
| 2584 |
GSRPM 2006-2 | |
| 2601 |
GSAMP 2007-SEA1 | |
| 2614 |
GSRPM 2007-1 | |
| 2713 |
NMFT 2004-2 | |
| 3789 |
ABSC 2001-HE1 | |
| 3791 |
ACE 2002-HE1 | |
| 3816 |
ACE 2005-HE4 | |
| 331 |
Xxxxxx/Sasco 1999SP-1 | |
| 356 |
Norwest/Xxxxxx/Sasco 98-8 | |
| 361 |
Amresco Residential Securities Corp. | |
| 363 |
Amresco 1998-3 | |
| 383 |
First Alliance 1997-4 | |
| 385 |
First Alliance 1998-2 | |
| 387 |
First Alliance 1998-4 | |
| 388 |
First Alliance 1999-1 | |
| 390 |
First Alliance 1999-3 | |
| 395 |
Amresco 1997-1 | |
| 396 |
Amresco 1997-2 | |
| 397 |
Amresco 1997-3 | |
| 535 |
BCF 1996-R1 | |
| 549 |
BCF 1997-R1 | |
| 561 |
BCF 1997-R3 | |
| 569 |
Ocwen 1998-R1 | |
| 595 |
Ocwen 1998-R3 | |
| 3823 |
GSAA HOME EQUITY 2006-2 |
Sch I-8
SCHEDULE II
RETAINED SERVICING FEE PERCENTAGE
| From Month1 |
To Month |
Retained Fee | ||
| 1 |
3 | 28.50 bps | ||
| 4 |
6 | 27.75 bps | ||
| 7 |
9 | 27.00 bps | ||
| 10 |
12 | 26.00 bps | ||
| 13 |
15 | 25.25 bps | ||
| 16 |
18 | 24.00 bps | ||
| 19 |
21 | 23.25 bps | ||
| 22 |
24 | 22.00 bps | ||
| 25 |
27 | 22.00 bps | ||
| 28 |
30 | 21.00 bps | ||
| 31 |
33 | 20.50 bps | ||
| 34 |
36 | 20.00 bps | ||
| 37 |
39 | 19.00 bps | ||
| 40 |
72 | 19.00 bps |
| 1 | Starting with January 2013. |
Sch II-1
SCHEDULE III
TARGET RATIO SCHEDULE
| Month2 | Target Advance Ratio | |||
| 1 |
5.25 | % | ||
| 2 |
5.13 | % | ||
| 3 |
5.01 | % | ||
| 4 |
4.86 | % | ||
| 5 |
4.73 | % | ||
| 6 |
4.60 | % | ||
| 7 |
4.50 | % | ||
| 8 |
4.39 | % | ||
| 9 |
4.30 | % | ||
| 10 |
4.21 | % | ||
| 11 |
4.14 | % | ||
| 12 |
4.07 | % | ||
| 13 |
4.00 | % | ||
| 14 |
3.93 | % | ||
| 15 |
3.86 | % | ||
| 16 |
3.75 | % | ||
| 17 |
3.65 | % | ||
| 18 |
3.55 | % | ||
| 19 |
3.45 | % | ||
| 20 |
3.36 | % | ||
| 21 |
3.26 | % | ||
| 22 |
3.21 | % | ||
| 23 |
3.15 | % | ||
| 24 |
3.09 | % | ||
| 25 |
3.04 | % | ||
| 26 |
2.99 | % | ||
| 27 |
2.94 | % | ||
| 28 |
2.85 | % | ||
| 29 |
2.78 | % | ||
| 30 |
2.70 | % | ||
| 31 |
2.63 | % | ||
| 32 |
2.55 | % | ||
| 33 |
2.48 | % | ||
| 34 |
2.44 | % | ||
| 35 |
2.40 | % | ||
| 2 | Starting with January, 2013. |
Sch III-1
| Month2 | Target Advance Ratio | |||
| 36 |
2.35 | % | ||
| 37 |
2.31 | % | ||
| 38 |
2.27 | % | ||
| 39 |
2.23 | % | ||
| 40 |
2.17 | % | ||
| 41 |
2.11 | % | ||
| 42 |
2.05 | % | ||
| 43 |
2.00 | % | ||
| 44 |
1.94 | % | ||
| 45 |
1.89 | % | ||
| 46 |
1.86 | % | ||
| 47 |
1.82 | % | ||
| 48 |
1.79 | % | ||
| 49 |
1.76 | % | ||
| 50 |
1.76 | % | ||
| 51 |
1.75 | % | ||
| 52 |
1.75 | % | ||
| 53 |
1.75 | % | ||
| 54 |
1.75 | % | ||
| 55 |
1.75 | % | ||
| 56 |
1.75 | % | ||
| 57 |
1.75 | % | ||
| 58 |
1.75 | % | ||
| 59 |
1.75 | % | ||
| 60 |
1.75 | % | ||
| 61 |
1.75 | % | ||
| 62 |
1.75 | % | ||
| 63 |
1.75 | % | ||
| 64 |
1.75 | % | ||
| 65 |
1.75 | % | ||
| 66 |
1.75 | % | ||
| 67 |
1.75 | % | ||
| 68 |
1.75 | % | ||
| 69 |
1.75 | % | ||
| 70 |
1.75 | % | ||
| 71 |
1.75 | % | ||
| 72 |
1.75 | % | ||
Sch III-2
