OPTEUM MORTGAGE ACCEPTANCE CORPORATION, DEPOSITOR, WELLS FARGO BANK, N.A. MASTER SERVICER AND SECURITIES ADMINISTRATOR, AND HSBC BANK USA, NATIONAL ASSOCIATION TRUSTEE POOLING AND SERVICING AGREEMENT DATED AS OF JUNE 1, 2006 ASSET-BACKED PASS-THROUGH...
OPTEUM
MORTGAGE ACCEPTANCE CORPORATION,
DEPOSITOR,
XXXXX
FARGO BANK, N.A.
MASTER
SERVICER AND SECURITIES ADMINISTRATOR,
AND
HSBC
BANK
USA, NATIONAL ASSOCIATION
TRUSTEE
DATED
AS
OF JUNE 1, 2006
________________________
ASSET-BACKED
PASS-THROUGH CERTIFICATES
SERIES
2006-2
TABLE
OF
CONTENTS
ARTICLE
I
|
|
DEFINITIONS
|
|
Section
1.01
|
Defined
Terms.
|
Accepted
Master Servicing Practices
|
Accrual
Period
|
Accrued
Certificate Interest
|
Adjustable
Rate Mortgage Loans
|
Advance
|
Affected
Party
|
Affiliate
|
Aggregate
Stated Principal Balance
|
Agreement
|
Allocated
Realized Loss Amount
|
Assignment
|
Assignment
Agreement
|
Available
Distribution Amount
|
Bankruptcy
Code
|
Basic
Principal Distribution Amount
|
Basis
Risk Shortfall
|
Basis
Risk Shortfall Carry-Forward Amount
|
Basis
Risk Shortfall Reserve Fund
|
Book-Entry
Certificate
|
Business
Day
|
Cash
Liquidation
|
Cenlar
|
Certificate
|
Certificate
Account
|
Certificate
Account Deposit Date
|
Certificateholder
or Holder
|
Certificate
Margin
|
Certificate
Owner
|
Certificate
Principal Balance
|
Certificate
Register
|
Class
|
Class
A Certificate
|
Class
A1 Certificate
|
Class
A1A Certificate
|
Class
A1B Certificate
|
Class
A1C Certificate
|
Class
A2 Certificate
|
Class
IO Distribution Amount
|
Class
IO Interest
|
Class
M Certificates
|
Class
M-1 Certificate
|
Class
M-1 Principal Distribution Amount
|
Class
M-2 Certificate
|
Class
M-2 Principal Distribution Amount
|
Class
M-3 Certificate
|
Class
M-3 Principal Distribution Amount
|
Class
M-4 Certificate
|
Class
M-4 Principal Distribution Amount
|
Class
M-5 Certificate
|
Class
M-5 Principal Distribution Amount
|
Class
M-6 Certificate
|
Class
M-6 Principal Distribution Amount
|
Class
M-7 Certificate
|
Class
M-7 Principal Distribution Amount
|
Class
M-8 Certificate
|
Class
M-8 Principal Distribution Amount
|
Class
M-9 Certificate
|
Class
M-9 Principal Distribution Amount
|
Class
M-10 Certificate
|
Class
M-10 Principal Distribution Amount
|
Class
P Certificate
|
Class
R Certificate
|
Class
R-1 Interest
|
Class
R-2 Interest
|
Class
R-3 Interest
|
Closing
Date
|
Code
|
Collateral
Value
|
Commission
|
Compensating
Interest
|
Corporate
Trust Office
|
Corresponding
Certificate
|
Credit
Support Depletion Date
|
Curtailment
|
Custodial
Account
|
Custodial
Agreement
|
Custodian
|
Cut-off
Date
|
Defaulting
Party
|
Deficient
Valuation
|
Definitive
Certificate
|
Deleted
Mortgage Loan
|
Delinquent
|
Depositor
|
Depository
|
Depository
Participant
|
Determination
Date
|
Disqualified
Organization
|
Distribution
Date
|
Due
Date
|
Due
Period
|
XXXXX
|
Eligible
Account
|
ERISA
Restricted Certificates
|
Event
of Default
|
Exchange
Act Reports
|
Exchange
Act
|
Extra
Principal Distribution Amount
|
Xxxxxx
Xxx
|
FDIC
|
Xxxxx
|
Xxxxxxx
Mac
|
Initial
Certificate Principal Balance
|
Initial
Notional Amount
|
Insurance
Policy
|
Insurance
Proceeds
|
Interest
Carry Forward Amount
|
Interest
Determination Date
|
Interest
Remittance Amount
|
Late
Collections
|
Lender-Paid
Insured Loans
|
Lender-Paid
Primary Insurance Policy
|
Lender-Paid
Primary Insurance Rate
|
LIBOR
|
LIBOR
Business Day
|
Liquidated
Mortgage Loan
|
Liquidation
Proceeds
|
Loan-to-Value
Ratio
|
Lost
Note Affidavit
|
Majority
Class C Certificateholder
|
Marker
Rate
|
Master
Servicer
|
Master
Servicing Fee
|
Master
Servicing Fee Rate
|
Maximum
Uncertificated Accrued Interest Deferral Amount
|
MERS
|
MERS®
System
|
MIN
|
MOM
Loan
|
Monthly
Payment
|
Xxxxx’x
|
Mortgage
|
Mortgage
File
|
Mortgage
Loan
|
Mortgage
Loan Purchase Agreement
|
Mortgage
Loan Schedule
|
Mortgage
Note
|
Mortgage
Rate
|
Mortgaged
Property
|
Mortgagor
|
Net
Liquidation Proceeds
|
Net
Monthly Excess Cashflow
|
Net
Mortgage Rate
|
Net
Prepayment Interest Shortfall
|
Net
Swap Payment
|
Net
WAC Rate
|
Nonrecoverable
Advance
|
Non-United
States Person
|
Notional
Amount
|
Offered
Certificates
|
Officers’
Certificate
|
Opinion
of Counsel
|
Optional
Termination Date
|
OTS
|
Outstanding
Mortgage Loan
|
Overcollateralization
Deficiency Amount
|
Overcollateralization
Floor Amount
|
Overcollateralization
Release Amount
|
Overcollateralization
Target Amount
|
Overcollateralized
Amount
|
Ownership
Interest
|
Pass-Through
Rate
|
Percentage
Interest
|
Permitted
Investment
|
Permitted
Transferee
|
Person
|
Prepayment
Assumption
|
Prepayment
Charge
|
Prepayment
Interest Shortfall
|
Prepayment
Period
|
Primary
Hazard Insurance Policy
|
Primary
Insurance Policy
|
Principal
Distribution Amount
|
Principal
Prepayment
|
Principal
Prepayment in Full
|
Principal
Remittance Amount
|
Prospectus
Supplement
|
Protected
Account
|
Purchase
Price
|
Qualified
Insurer
|
Qualified
Substitute Mortgage Loan
|
Rating
Agency
|
Realized
Loss
|
Record
Date
|
Regular
Certificate
|
Regular
Interest
|
Relief
Act
|
Relief
Act Interest Shortfall
|
REMIC
|
REMIC
1
|
REMIC
1 Regular Interests
|
REMIC
1 Regular Interest
|
REMIC
2
|
REMIC
2 Interest Loss Allocation Amount
|
REMIC
2 Marker Allocation Percentage
|
REMIC
2 Overcollateralized Amount
|
REMIC
2 Principal Loss Allocation Amount
|
REMIC
2 Overcollateralization Target Amount
|
REMIC
2 Regular Interests
|
REMIC
3
|
REMIC
Provisions
|
REMIC
Regular Interest
|
Remittance
Report
|
REO
Acquisition
|
REO
Disposition
|
REO
Imputed Interest
|
REO
Proceeds
|
REO
Property
|
Request
for Release
|
Residual
Certificates
|
Residual
Interest
|
Responsible
Officer
|
Securities
Administrator
|
Senior
Enhancement Percentage
|
Servicer
|
Servicer
Remittance Date
|
Servicing
Advances
|
Servicing
Agreement
|
Servicing
Criteria
|
Servicing
Fee
|
Servicing
Fee Rate
|
Single
Certificate
|
Sponsor
|
Standard
& Poor’s
|
Startup
Day
|
Stated
Principal Balance
|
Stepdown
Date
|
Subservicer
|
Subservicer
Remittance Date
|
Subservicing
Agreement
|
Subsequent
Recoveries
|
Substitution
Adjustment
|
Supplemental
Interest Trust
|
Swap
Agreement
|
Swap
LIBOR
|
Swap
Provider
|
Swap
Provider Trigger Event
|
Swap
Termination Payment
|
Tax
Returns
|
Transfer
|
Transferor
|
Trigger
Event
|
Trust
Fund or Trust
|
Trust
REMIC
|
Trustee
|
Uncertificated
Accrued Interest
|
Uncertificated
Notional Amount
|
Uncertificated
Notional Amount
|
Uncertificated
Principal Balance
|
Uncertificated
Pass-Through Rate
|
Uncertificated
REMIC 1 Pass-Through Rate
|
Uncertificated
REMIC 0 Xxxx-Xxxxxxx Xxxx
|
Xxxxxxxxx
Xxxxx
|
Xxxxxx
Xxxxxx Person
|
Voting
Rights
|
Weighted
Average Net Mortgage Rate
|
Section
1.02
|
Determination
of LIBOR.
|
Section
1.03
|
Allocation
of Certain Interest Shortfalls.
|
ARTICLE
II
|
|
CONVEYANCE
OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
|
|
Section
2.01
|
Conveyance
of Mortgage Loans.
|
Section
2.02
|
Acceptance
of the Trust Fund by the Trustee.
|
Section
2.03
|
Representations,
Warranties and Covenants of the Master Servicer and the
Depositor.
|
Section
2.04
|
Assignment
of Interest in the Mortgage Loan Purchase Agreement.
|
Section
2.05
|
Issuance
of Certificates; Conveyance of REMIC Regular Interests and Acceptance
of
REMIC 1, REMIC 2 and REMIC 3 by the Trustee.
|
Section
2.06
|
Negative
Covenants of the Trustee and Master Servicer.
|
Section
2.07
|
Purposes
and Powers of the Trust.
|
ARTICLE
III
|
|
ADMINISTRATION
AND SERVICING OF THE TRUST FUND
|
|
Section
3.01
|
Administration
and Servicing of Mortgage Loans.
|
Section
3.02
|
REMIC-Related
Covenants.
|
Section
3.03
|
Monitoring
of Servicer.
|
Section
3.04
|
Fidelity
Bond.
|
Section
3.05
|
Power
to Act; Procedures.
|
Section
3.06
|
Due-on-Sale
Clauses; Assumption Agreements.
|
Section
3.07
|
Release
of Mortgage Files.
|
Section
3.08
|
Documents,
Records and Funds in Possession of Master Servicer To Be Held
for
Trustee.
|
Section
3.09
|
Standard
Hazard Insurance and Flood Insurance Policies.
|
Section
3.10
|
Presentment
of Claims and Collection of Proceeds.
|
Section
3.11
|
Maintenance
of the Primary Mortgage Insurance Policies.
|
Section
3.12
|
Trustee
to Retain Possession of Certain Insurance Policies and
Documents.
|
Section
3.13
|
Realization
Upon Defaulted Mortgage Loans.
|
Section
3.14
|
Compensation
for the Master Servicer.
|
Section
3.15
|
REO
Property.
|
Section
3.16
|
Protected
Accounts.
|
Section
3.17
|
Custodial
Account.
|
Section
3.18
|
Permitted
Withdrawals and Transfers from the Custodial Account.
|
Section
3.19
|
Certificate
Account.
|
Section
3.20
|
Permitted
Withdrawals and Transfers from the Certificate Account.
|
Section
3.21
|
Annual
Statement as to Compliance.
|
Section
3.22
|
Assessments
of Compliance and Attestation Reports.
|
Section
3.23
|
Reports
Filed with Securities and Exchange Commission.
|
Section
3.24
|
Intention
of the Parties and Interpretation.
|
Section
3.25
|
UCC.
|
Section
3.26
|
Optional
Purchase of Defaulted Mortgage Loans.
|
ARTICLE
IV
|
|
PAYMENTS
TO CERTIFICATEHOLDERS
|
|
Section
4.01
|
Distributions.
|
Section
4.02
|
Statements
to Certificateholders.
|
Section
4.03
|
Remittance
Reports; Advances by the Master Servicer.
|
Section
4.04
|
Distributions
on the REMIC Regular Interests.
|
Section
4.05
|
Allocation
of Realized Losses.
|
Section
4.06
|
Information
Reports to Be Filed by the Servicer.
|
Section
4.07
|
Compliance
with Withholding Requirements.
|
Section
4.08
|
Basis
Risk Shortfall Reserve Fund.
|
Section
4.09
|
Supplemental
Interest Trust.
|
Section
4.10
|
Tax
Treatment of Swap Payments and Swap Termination
Payments.
|
ARTICLE
V
|
|
THE
CERTIFICATES
|
|
Section
5.01
|
The
Certificates.
|
Section
5.02
|
Registration
of Transfer and Exchange of Certificates.
|
Section
5.03
|
Mutilated,
Destroyed, Lost or Stolen Certificates.
|
Section
5.04
|
Persons
Deemed Owners.
|
Section
5.05
|
Rule
144A Information.
|
ARTICLE
VI
|
|
THE
DEPOSITOR AND THE MASTER SERVICER
|
|
Section
6.01
|
Liability
of the Depositor and the Master Servicer.
|
Section
6.02
|
Merger,
Consolidation or Conversion of the Depositor or the Master
Servicer.
|
Section
6.03
|
Limitation
on Liability of the Depositor, the Master Servicer, the Securities
Administrator and Others.
|
Section
6.04
|
Limitation
on Resignation of the Master Servicer.
|
Section
6.05
|
Sale
and Assignment of Master Servicing.
|
ARTICLE
VII
|
|
DEFAULT
|
|
Section
7.01
|
Events
of Default.
|
Section
7.02
|
Trustee
to Act; Appointment of Successor.
|
Section
7.03
|
Notification
to Certificateholders.
|
Section
7.04
|
Waiver
of Events of Default.
|
Section
7.05
|
List
of Certificateholders.
|
ARTICLE
VIII
|
|
CONCERNING
THE TRUSTEE AND SECURITIES ADMINISTRATOR
|
|
Section
8.01
|
Duties
of Trustee and the Securities Administrator.
|
Section
8.02
|
Certain
Matters Affecting the Trustee and the Securities
Administrator.
|
Section
8.03
|
Trustee
and Securities Administrator Not Liable for Certificates or Mortgage
Loans.
|
Section
8.04
|
Trustee
and Securities Administrator May Own Certificates.
|
Section
8.05
|
Trustee’s
and Securities Administrator’s Fees.
|
Section
8.06
|
Eligibility
Requirements for Trustee and the Securities
Administrator.
|
Section
8.07
|
Resignation
and Removal of the Trustee and the Securities
Administrator.
|
Section
8.08
|
Successor
Trustee and Successor Securities Administrator.
|
Section
8.09
|
Merger
or Consolidation of Trustee or Securities
Administrator.
|
Section
8.10
|
Appointment
of Co-Trustee or Separate Trustee.
|
ARTICLE
IX
|
|
TERMINATION
|
|
Section
9.01
|
Termination
Upon Repurchase or Liquidation of All Mortgage Loans or upon
Purchase of
Certificates.
|
Section
9.02
|
Termination
of REMIC 2, and REMIC 3.
|
Section
9.03
|
Additional
Termination Requirements.
|
ARTICLE
X
|
|
REMIC
PROVISIONS
|
|
Section
10.01
|
REMIC
Administration.
|
Section
10.02
|
Prohibited
Transactions and Activities.
|
Section
10.03
|
Master
Servicer, Securities Administrator and Trustee
Indemnification.
|
ARTICLE
XI
|
|
MISCELLANEOUS
PROVISIONS
|
|
Section
11.01
|
Amendment.
|
Section
11.02
|
Recordation
of Agreement; Counterparts.
|
Section
11.03
|
Limitation
on Rights of Certificateholders.
|
Section
11.04
|
Governing
Law.
|
Section
11.05
|
Notices.
|
Section
11.06
|
Severability
of Provisions.
|
Section
11.07
|
Successors
and Assigns.
|
Section
11.08
|
Article
and Section Headings.
|
Section
11.09
|
Notice
to Rating Agencies.
|
Section
11.10
|
Third
Party Rights.
|
Signatures
Acknowledgments
Exhibit
A
|
Form
of Class A Certificate
|
Exhibit
B-1
|
Form
of Class M Certificate
|
Exhibit
B-2
|
Form
of Class C Certificate
|
Exhibit
B-3
|
Form
of Class P Certificate
|
Exhibit
B-4
|
Form
of Class R Certificate
|
Exhibit
C
|
Form
of Custodian Initial Certification
|
Exhibit
D
|
Form
of Custodian Final Certification
|
Exhibit
E
|
Form
of Remittance Report
|
Exhibit
F
|
Form
of Request for Release
|
Exhibit
G-1
|
Form
of Investor Representation Letter
|
Exhibit
G-2
|
Form
of Transferor Representation Letter
|
Exhibit
G-3
|
Form
of Rule 144A Investment Representation
|
Exhibit
G-4
|
Form
of Transferor Certificate for Transfers of Residual
Certificates
|
Exhibit
G-5
|
Form
of Transfer Affidavit and Agreement for Transfers of Residual
Certificates
|
Exhibit
H
|
Mortgage
Loan Schedule
|
Exhibit
I
|
[Reserved]
|
Exhibit
J
|
[Reserved]
|
Exhibit
K
|
Form
of Assignment Agreement
|
Exhibit
L
|
Form
of Back-up Certification
|
Exhibit
M
|
Servicing
Agreement
|
Exhibit
N
|
Form
of Custodial Agreement
|
Exhibit
O
|
Interest
Rate Swap Agreement
|
Exhibit
P
|
Form
of Mortgage Loan Purchase Agreement
|
Exhibit
Q
|
Servicing
Criteria to Be Addressed in Assessment of Compliance
|
Exhibit
R
|
Form
10-D, Form 8-K and Form 10-K Reporting Responsibility
|
Exhibit
S
|
Additional
Disclosure Notification
|
This
Pooling and Servicing Agreement, dated and effective as of June 1, 2006,
is
entered into among Opteum Mortgage Acceptance Corporation, as depositor
(the
“Depositor”), Xxxxx Fargo Bank, N.A., as master servicer (in such capacity, the
“Master Servicer”) and as securities administrator (in such capacity, the
“Securities Administrator”), and HSBC Bank USA, National Association, as trustee
(the “Trustee”).
PRELIMINARY
STATEMENT:
The
Depositor intends to sell pass-through certificates (collectively, the
“Certificates”), to be issued hereunder in multiple classes, which in the
aggregate will evidence the entire beneficial ownership interest in the
Trust
Fund created hereunder. The Certificates will consist of seventeen classes
of
certificates, designated as (i) the Class
A1A, Class A1B, Class A1C, Class A2 Certificates, (ii)
the
Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class
M-7,
Class M-8, Class M-9 and Class M-10 Certificates, (iii) the Class C
Certificates, (iv) the Class P Certificates and (v) the Class R
Certificates.
REMIC
1
As
provided herein, the Securities Administrator will make an election to
treat the
segregated pool of assets consisting of the Trust Fund (exclusive of the
Basis
Risk Shortfall Reserve Fund and for the avoidance of doubt, the Supplemental
Interest Trust and the Swap Agreement) as a REMIC for federal income tax
purposes, and such segregated pool of assets will be designated as “REMIC 1”.
The Class R-1 Interest will represent the sole class of “residual interests” in
REMIC 1 for purposes of the REMIC Provisions.
The
following table irrevocably sets forth the designation, the Uncertificated
REMIC
1 Pass-Through Rate, the initial Uncertificated Principal Balance, and
for
purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the
“latest possible maturity date” for each of the REMIC 1 Regular Interests. None
of the REMIC 1 Regular Interests will be certificated.
Designation
|
Uncertificated
REMIC 1
Pass-Through
Rate
|
Initial
Certificate
Principal
Balance
|
Assumed
Final
Maturity
Date(1)
|
|
I
|
(2)
|
$
|
3,688,419.46
|
July
25, 2036
|
I-1-A
|
(2)
|
$
|
3,228,186.00
|
July
25, 2036
|
I-1-B
|
(2)
|
$
|
3,228,186.00
|
July
25, 2036
|
I-2-A
|
(2)
|
$
|
4,026,978.00
|
July
25, 2036
|
I-2-B
|
(2)
|
$
|
4,026,978.00
|
July
25, 2036
|
I-3-A
|
(2)
|
$
|
4,818,705.00
|
July
25, 2036
|
I-3-B
|
(2)
|
$
|
4,818,705.00
|
July
25, 2036
|
I-4-A
|
(2)
|
$
|
5,597,643.00
|
July
25, 2036
|
I-4-B
|
(2)
|
$
|
5,597,643.00
|
July
25, 2036
|
I-5-A
|
(2)
|
$
|
6,356,632.50
|
July
25, 2036
|
I-5-B
|
(2)
|
$
|
6,356,632.50
|
July
25, 2036
|
I-6-A
|
(2)
|
$
|
7,086,593.25
|
July
25, 2036
|
I-6-B
|
(2)
|
$
|
7,086,593.25
|
July
25, 2036
|
I-7-A
|
(2)
|
$
|
7,773,131.25
|
July
25, 2036
|
I-7-B
|
(2)
|
$
|
7,773,131.25
|
July
25, 2036
|
I-8-A
|
(2)
|
$
|
8,378,902.50
|
July
25, 2036
|
I-8-B
|
(2)
|
$
|
8,378,902.50
|
July
25, 2036
|
I-9-A
|
(2)
|
$
|
8,782,497.75
|
July
25, 2036
|
I-9-B
|
(2)
|
$
|
8,782,497.75
|
July
25, 2036
|
I-10-A
|
(2)
|
$
|
8,912,710.50
|
July
25, 2036
|
I-10-B
|
(2)
|
$
|
8,912,710.50
|
July
25, 2036
|
I-11-A
|
(2)
|
$
|
8,749,302.75
|
July
25, 2036
|
I-11-B
|
(2)
|
$
|
8,749,302.75
|
July
25, 2036
|
I-12-A
|
(2)
|
$
|
8,375,990.25
|
July
25, 2036
|
I-12-B
|
(2)
|
$
|
8,375,990.25
|
July
25, 2036
|
I-13-A
|
(2)
|
$
|
7,968,356.25
|
July
25, 2036
|
I-13-B
|
(2)
|
$
|
7,968,356.25
|
July
25, 2036
|
I-14-A
|
(2)
|
$
|
7,580,557.50
|
July
25, 2036
|
I-14-B
|
(2)
|
$
|
7,580,557.50
|
July
25, 2036
|
I-15-A
|
(2)
|
$
|
7,211,608.50
|
July
25, 2036
|
I-15-B
|
(2)
|
$
|
7,211,608.50
|
July
25, 2036
|
I-16-A
|
(2)
|
$
|
6,860,628.00
|
July
25, 2036
|
I-16-B
|
(2)
|
$
|
6,860,628.00
|
July
25, 2036
|
I-17-A
|
(2)
|
$
|
6,526,732.50
|
July
25, 2036
|
I-17-B
|
(2)
|
$
|
6,526,732.50
|
July
25, 2036
|
I-18-A
|
(2)
|
$
|
6,209,084.25
|
July
25, 2036
|
I-18-B
|
(2)
|
$
|
6,209,084.25
|
July
25, 2036
|
I-19-A
|
(2)
|
$
|
5,906,829.75
|
July
25, 2036
|
I-19-B
|
(2)
|
$
|
5,906,829.75
|
July
25, 2036
|
I-20-A
|
(2)
|
$
|
5,619,303.75
|
July
25, 2036
|
I-20-B
|
(2)
|
$
|
5,619,303.75
|
July
25, 2036
|
I-21-A
|
(2)
|
$
|
5,345,829.75
|
July
25, 2036
|
I-21-B
|
(2)
|
$
|
5,345,829.75
|
July
25, 2036
|
I-22-A
|
(2)
|
$
|
5,085,360.00
|
July
25, 2036
|
I-22-B
|
(2)
|
$
|
5,085,360.00
|
July
25, 2036
|
I-23-A
|
(2)
|
$
|
4,837,563.00
|
July
25, 2036
|
I-23-B
|
(2)
|
$
|
4,837,563.00
|
July
25, 2036
|
I-24-A
|
(2)
|
$
|
4,602,084.75
|
July
25, 2036
|
I-24-B
|
(2)
|
$
|
4,602,084.75
|
July
25, 2036
|
I-25-A
|
(2)
|
$
|
4,378,077.00
|
July
25, 2036
|
I-25-B
|
(2)
|
$
|
4,378,077.00
|
July
25, 2036
|
I-26-A
|
(2)
|
$
|
4,165,013.25
|
July
25, 2036
|
I-26-B
|
(2)
|
$
|
4,165,013.25
|
July
25, 2036
|
I-27-A
|
(2)
|
$
|
3,962,298.75
|
July
25, 2036
|
I-27-B
|
(2)
|
$
|
3,962,298.75
|
July
25, 2036
|
I-28-A
|
(2)
|
$
|
3,769,456.50
|
July
25, 2036
|
I-28-B
|
(2)
|
$
|
3,769,456.50
|
July
25, 2036
|
I-29-A
|
(2)
|
$
|
3,586,003.50
|
July
25, 2036
|
I-29-B
|
(2)
|
$
|
3,586,003.50
|
July
25, 2036
|
I-30-A
|
(2)
|
$
|
3,411,485.25
|
July
25, 2036
|
I-30-B
|
(2)
|
$
|
3,411,485.25
|
July
25, 2036
|
I-31-A
|
(2)
|
$
|
3,245,454.00
|
July
25, 2036
|
I-31-B
|
(2)
|
$
|
3,245,454.00
|
July
25, 2036
|
I-32-A
|
(2)
|
$
|
3,087,864.75
|
July
25, 2036
|
I-32-B
|
(2)
|
$
|
3,087,864.75
|
July
25, 2036
|
I-33-A
|
(2)
|
$
|
2,937,564.75
|
July
25, 2036
|
I-33-B
|
(2)
|
$
|
2,937,564.75
|
July
25, 2036
|
I-34-A
|
(2)
|
$
|
2,794,568.25
|
July
25, 2036
|
I-34-B
|
(2)
|
$
|
2,794,568.25
|
July
25, 2036
|
I-35-A
|
(2)
|
$
|
2,658,535.50
|
July
25, 2036
|
I-35-B
|
(2)
|
$
|
2,658,535.50
|
July
25, 2036
|
I-36-A
|
(2)
|
$
|
2,529,110.25
|
July
25, 2036
|
I-36-B
|
(2)
|
$
|
2,529,110.25
|
July
25, 2036
|
I-37-A
|
(2)
|
$
|
1,791,540.00
|
July
25, 2036
|
I-37-B
|
(2)
|
$
|
1,791,540.00
|
July
25, 2036
|
I-38-A
|
(2)
|
$
|
2,288,900.25
|
July
25, 2036
|
I-38-B
|
(2)
|
$
|
2,288,900.25
|
July
25, 2036
|
I-39-A
|
(2)
|
$
|
2,177,488.50
|
July
25, 2036
|
I-39-B
|
(2)
|
$
|
2,177,488.50
|
July
25, 2036
|
I-40-A
|
(2)
|
$
|
2,071,497.75
|
July
25, 2036
|
I-40-B
|
(2)
|
$
|
2,071,497.75
|
July
25, 2036
|
I-41-A
|
(2)
|
$
|
1,970,667.00
|
July
25, 2036
|
I-41-B
|
(2)
|
$
|
1,970,667.00
|
July
25, 2036
|
I-42-A
|
(2)
|
$
|
1,874,743.50
|
July
25, 2036
|
I-42-B
|
(2)
|
$
|
1,874,743.50
|
July
25, 2036
|
I-43-A
|
(2)
|
$
|
1,783,489.50
|
July
25, 2036
|
I-43-B
|
(2)
|
$
|
1,783,489.50
|
July
25, 2036
|
I-44-A
|
(2)
|
$
|
1,696,674.00
|
July
25, 2036
|
I-44-B
|
(2)
|
$
|
1,696,674.00
|
July
25, 2036
|
I-45-A
|
(2)
|
$
|
1,614,084.75
|
July
25, 2036
|
I-45-B
|
(2)
|
$
|
1,614,084.75
|
July
25, 2036
|
I-46-A
|
(2)
|
$
|
1,535,515.50
|
July
25, 2036
|
I-46-B
|
(2)
|
$
|
1,535,515.50
|
July
25, 2036
|
I-47-A
|
(2)
|
$
|
1,460,769.75
|
July
25, 2036
|
I-47-B
|
(2)
|
$
|
1,460,769.75
|
July
25, 2036
|
I-48-A
|
(2)
|
$
|
1,389,662.25
|
July
25, 2036
|
I-48-B
|
(2)
|
$
|
1,389,662.25
|
July
25, 2036
|
I-49-A
|
(2)
|
$
|
1,322,015.25
|
July
25, 2036
|
I-49-B
|
(2)
|
$
|
1,322,015.25
|
July
25, 2036
|
I-50-A
|
(2)
|
$
|
24,600,309.75
|
July
25, 2036
|
I-50-B
|
(2)
|
$
|
24,600,309.75
|
July
25, 2036
|
P
|
(2)
|
$
|
100.00
|
July
25, 2036
|
(1)
|
For
purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
the Distribution Date in the month following the maturity date
for the
Mortgage Loan with the latest possible maturity date has been
designated
as the “latest possible maturity date” for each REMIC 1 Regular
Interest.
|
(2)
|
Calculated
in accordance
with the definition of “Uncertificated REMIC 1 Pass-Through Rate”
herein.
|
REMIC
2
As
provided herein, the Securities Administrator will make an election to
treat the
segregated pool of assets consisting of the REMIC 1 Regular Interests as
a REMIC
for federal income tax purposes, and such segregated pool of assets will
be
designated as “REMIC 2”. The Class R-2 Interest will represent the sole class of
“residual interests” in REMIC 2 for purposes of the REMIC
Provisions.
The
following table irrevocably sets forth the designation, the Uncertificated
REMIC
2 Pass-Through Rate, the initial Uncertificated Principal Balance, and
for
purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the
“latest possible maturity date” for each of the REMIC 2 Regular Interests. None
of the REMIC 2 Regular Interests will be certificated.
Designation
|
Uncertificated
REMIC 2
Pass-Through
Rate
|
Initial
Certificate
Principal
Balance
|
Assumed
Final
Maturity
Date(1)
|
|
LT-AA
|
(2)
|
$
|
481,744,891.56
|
July
25, 2036
|
LT-A1A
|
(2)
|
$
|
1,846,000.00
|
July
25, 2036
|
LT-A1B
|
(2)
|
$
|
1,442,690.00
|
July
25, 2036
|
LT-A1C
|
(2)
|
$
|
719,620.00
|
July
25, 2036
|
LT-A2
|
(2)
|
$
|
445,370.00
|
July
25, 2036
|
LT-M-1
|
(2)
|
$
|
86,020.00
|
July
25, 2036
|
LT-M-2
|
(2)
|
$
|
73,730.00
|
July
25, 2036
|
LT-M-3
|
(2)
|
$
|
46,700.00
|
July
25, 2036
|
LT-M-4
|
(2)
|
$
|
41,790.00
|
July
25, 2036
|
LT-M-5
|
(2)
|
$
|
39,330.00
|
July
25, 2036
|
LT-M-6
|
(2)
|
$
|
31,950.00
|
July
25, 2036
|
LT-M-7
|
(2)
|
$
|
27,040.00
|
July
25, 2036
|
LT-M-8
|
(2)
|
$
|
24,580.00
|
July
25, 2036
|
LT-M-9
|
(2)
|
$
|
24,580.00
|
July
25, 2036
|
LT-M-10
|
(2)
|
$
|
29,480.00
|
July
25, 2036
|
LT-ZZ
|
(2)
|
$
|
4,952,648.40
|
July
25, 2036
|
LT-IO
|
(2)
|
(3)
|
July
25, 0000
|
|
XX-X
|
(2)
|
$
|
100.00
|
July
25, 2036
|
(1)
|
For
purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
the Distribution Date in the month following the maturity date
for the
Mortgage Loan with the latest possible maturity date has been
designated
as the “latest possible maturity date” for each REMIC 1 Regular
Interest.
|
(2)
|
Calculated
in accordance with the definition of “Uncertificated REMIC 2 Pass-Through
Rate” herein.
|
(3)
|
REMIC
2 Regular Interest LT-IO will not have a Certificate Principal
Balance,
but will accrue interest on its Uncertificated Notional Amount,
as defined
herein.
|
REMIC
3
As
provided herein, the Securities Administrator will make an election to
treat the
segregated pool of assets consisting of the REMIC 2 Regular Interests as
a REMIC
for federal income tax purposes, and such segregated pool of assets will
be
designated as “REMIC 3”. The Class R-3 Interest will represent the sole class of
“residual interests” in REMIC 3 for purposes of the REMIC
Provisions.
The
following table irrevocably sets forth the Class designation, Pass-Through
Rate
and Initial Certificate Principal Balance for each Class of Certificates
and
Interests that represents ownership of one or more of the “regular interests” in
REMIC 3 created hereunder.
Each
Certificate, other than the Class P Certificate, the Class C Certificate
and the
Class R Certificates, represents ownership of a regular interest in REMIC
3 and
also represents (i) the right to receive payments with respect to the
Basis
Risk Shortfall Carry-Forward Amount and
(ii) the obligation to pay the Class IO Distribution Amount (as defined
herein).
The entitlement to principal of each REMIC 3 Regular Interest ownership
of which
is represented by a regular interest which corresponds to each Certificate
shall
be equal in amount and timing to the entitlement to principal of such
Certificate.
Class
Designation
|
Initial
Certificate
Principal
Balance
|
Pass-Through
Rate
|
Assumed
Final Maturity
Date(1)
|
|
Class
A1A(2)
|
$
|
184,600,000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
A1B(2)
|
$
|
144,269,000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
A1C(2)
|
$
|
71,962,000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
A2(2)
|
$
|
44,532,000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
M-1(2)
|
$
|
8,602,000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
M-2(2)
|
$
|
7,373,000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
M-3(2)
|
$
|
4,670,000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
M-4(2)
|
$
|
4,179,000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
M-5(2)
|
$
|
3,933,000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
M-6(2)
|
$
|
3,195,000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
M-7(2)
|
$
|
2,704,000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
M-8(2)
|
$
|
2,458,000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
M-9(2)
|
$
|
2,458.000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
M-10(2)
|
$
|
2,948,000.00
|
Adjustable(3)
|
July
25, 2036
|
Class
C
|
$
|
3,688,839.46
|
Variable(4)
|
July
25, 2036
|
Class
P
|
$
|
100.00
|
(5)
|
July
25, 2036
|
Class
IO Interest
|
(6)
|
(7)
|
July
25, 2036
|
(1)
|
For
purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
the Distribution Date in the month following the maturity date
for the
Mortgage Loan with the latest possible maturity date has been
designated
as the “latest possible maturity date” for each REMIC 3 Regular
Interest.
|
(2)
|
This
Class of Certificates represents ownership of a “regular interest” in
REMIC 3. Any amount distributed on this Class of Certificates
on any
Distribution Date in excess of the amount distributable on the
related
REMIC 3 Regular Interest on such Distribution Date shall be treated
for
federal income tax purposes as having been paid from the Basis
Risk
Shortfall Reserve Fund or the Supplemental Interest Trust, as
applicable,
and any amount distributable on such REMIC 3 regular interest
on such
Distribution Date in excess of the amount distributable on such
Class of
Certificates on such Distribution Date shall be treated as having
been
paid in respect of such certificate and paid by the holder thereof
to the
Supplemental Interest Trust, all pursuant to and as further provided
in
Section 4.09 hereof.
|
(3)
|
Calculated
in accordance with the definition of “Pass-Through Rate” herein. Each
REMIC 3 Regular Interest the ownership of which is represented
by a Class
A Certificate or Class M Certificate will have the same Pass-Through
Rate
as such Certificate, except with respect to the Net WAC Rate.
The Net WAC
Rate for each such REMIC 3 Regular Interest and Certificate are
specified
in the definition of Net WAC Rate.
|
(4)
|
The
Class C Certificates will accrue interest at its variable Pass-Through
Rate on the Notional Amount of the Class C Certificates outstanding
from
time to time which shall equal the aggregate of the Uncertificated
Principal Balances of the REMIC 2 Regular Interests (other than
REMIC 2
Regular Interest LT-P). The Class C Certificates will not accrue
interest
on its Certificate Principal
Balance.
|
(5)
|
The
Class P Certificates do not accrue
interest.
|
(6)
|
For
federal income tax purposes, the Class IO Interest will not have
a
Pass-Through Rate, but will be entitled to 100% of the amounts
distributed
on REMIC 2 Regular Interest LT-IO.
|
(7)
|
For
federal income tax purposes, the Class IO Interest will not have
an
Uncertificated Principal Balance, but will have a notional amount
equal to
the Uncertificated Notional Amount of REMIC 2 Regular Interest
IO.
|
ARTICLE
I
DEFINITIONS
Section
1.01 Defined
Terms.
Whenever
used in this Agreement, the following words and phrases, unless the context
otherwise requires, shall have the meanings specified in this Article.
Unless
otherwise specified, all calculations in respect of interest on the Class
A
Certificates and the Class M Certificates shall be made on the basis of
a
360-day year consisting of the actual number of days in the related Accrual
Period. All calculations of interest with regard to the Class C Certificates,
Class IO Interest, REMIC 1 Regular Interests and REMIC 2 Regular Interest
shall
be on the basis of a 360-day year consisting of twelve 30-days months.
The Class
P and Class R Certificates do not accrue interest.
“10-K
Filing Deadline”: As defined in Section 3.23(a)(iii)(A).
“Accepted
Master Servicing Practices”: With respect to any Mortgage Loan, as applicable,
either (x) those customary mortgage master servicing practices of prudent
mortgage master servicing institutions that master service mortgage loans
of the
same type and quality as such Mortgage Loan in the jurisdiction where the
related Mortgaged Property is located, to the extent applicable to the
Trustee
or the Master Servicer (except in its capacity as successor to the Servicer),
or
(y) as provided in this Agreement, to the extent applicable to the Master
Servicer, but in no event below the standard set forth in clause
(x).
“Accrual
Period”: With respect to any Distribution Date, the Class A Certificates and
Class M Certificates, the period commencing on the immediately preceding
Distribution Date (or, in the case of the first Distribution Date, the
Closing
Date) and ending on the day immediately preceding the current Distribution
Date.
With respect to any Distribution Date and the Class C Certificates, the
calendar
month preceding the month in which such Distribution Date occurs. The Class
P
Certificates and Class R Certificates
will
not
accrue any interest and therefore have no Accrual Period.
“Accrued
Certificate Interest”: With respect to the Class A Certificates, Class M
Certificates and Class C Certificates and any Distribution Date, the amount
of
interest accrued during the related Accrual Period at the related Pass-Through
Rate on the Certificate Principal Balance (or Notional Amount in the case
of the
Class C Certificates) of such Class immediately prior to such Distribution
Date,
in each case, reduced by any Net Prepayment Interest Shortfalls and Relief
Act
Interest Shortfalls (allocated to such Certificate as set forth in
Section 1.03). The Accrued Certificate Interest on the Class A Certificates
and Class M Certificates will be calculated on the basis of a 360-day year
and
the actual number of days in the related Accrual Period. The Accrued Certificate
Interest on the Class C Certificates will be calculated on the basis of
a
360-day year consisting of twelve 30-days months.
“Additional
Disclosure Notification”: As defined in Section 3.23(a)(i)(B).
“Additional
Form 10-D Disclosure”: As defined in Section 3.23(a)(i)(A).
“Additional
Form 10-K Disclosure”: As defined in Section 3.23(a)(iii)(A).
“Adjustable
Rate Mortgage Loans”: The Mortgage Loans identified in the Mortgage Loan
Schedule as having a Mortgage Rate which is adjustable at any point during
the
life of the related Mortgage, including any Mortgage Loans delivered in
replacement thereof.
“Advance”:
As to any Mortgage Loan, any advance made by the Servicer or the Master
Servicer
on any Distribution Date pursuant to Section 4.03.
“Affected
Party”: As defined in the Swap Agreement.
“Affiliate”:
With respect to any Person, any other Person controlling, controlled by
or under
common control with such Person. For purposes of this definition, “control”
means the power to direct the management and policies of a Person, directly
or
indirectly, whether through ownership of voting securities, by contract
or
otherwise and “controlling” and “controlled” shall have meanings correlative to
the foregoing.
“Aggregate
Stated Principal Balance”: As of any date of determination, the aggregate Stated
Principal Balance of the Mortgage Loans.
“Agreement”:
This Pooling and Servicing Agreement and all amendments hereof.
“Allocated
Realized Loss Amount”: With respect to any Distribution Date and any Class of
Class M Certificates and the Class A Certificates, an amount equal to the
sum of
any Realized Loss allocated to that class of Certificates on that Distribution
Date and any Allocated Realized Loss Amount for that class remaining unpaid
from
any previous Distribution Date.
“Assignment”:
An assignment of Mortgage, notice of transfer or equivalent instrument,
in
recordable form, which is sufficient under the laws of the jurisdiction
wherein
the related Mortgaged Property is located to reflect a record the sale
of the
Mortgage.
“Assignment
Agreement”: The Assignment, Assumption and Recognition Agreement, dated as of
the Closing Date, among the Depositor, the Trustee and the Sponsor, whereby
the
Servicing Agreement is being assigned to the Trust, and attached hereto
as
Exhibit K.
“Available
Distribution Amount”: With respect to any Distribution Date, an amount equal to
the aggregate of the following amounts with respect to the Mortgage Loans:
(a)
all previously undistributed payments on account of principal and all previously
undistributed payments on account of interest received after the Cut-off
Date
and on or prior to the related Determination Date, (b) any Advances and
Compensating Interest paid by the Servicer or the Master Servicer with
respect
to such Distribution Date and (c) any reimbursed amount in connection with
losses on investments of deposits in an account, except: (i) all payments
that
were due on or before the Cut-off Date; (ii) all Principal Prepayments,
Liquidation Proceeds, Prepayment Interest Excess and Subsequent Recoveries
received after the applicable Prepayment Period; (iii) all payments, other
than
Principal Prepayments, that represent early receipt of scheduled payments
due on
a date or dates subsequent to the related Due Date; (iv) amounts received
on
particular Mortgage Loans as late payments of principal or interest and
respecting which, and to the extent that, there are any unreimbursed Advances;
(v) any investment earnings on amounts on deposit in the Custodial Account
and
the Certificate Account and amounts permitted to be withdrawn from the
Custodial
Account and the Certificate Account pursuant to this Agreement; (vi) amounts
needed to pay the Servicing Fees or to reimburse the Servicer or the Master
Servicer for amounts due under the Servicing Agreement and the Agreement
to the
extent such amounts have not been retained by, or paid previously to, the
Servicer or the Master Servicer; (vii) to pay any fees with respect to
either
Lender-Paid Primary Insurance Policy; and (viii) any amounts reimbursable
to the
Trustee, the Master Servicer, the Securities Administrator and the Custodian
pursuant to this Agreement.
“Back-Up
Certification”: As defined in the Section 3.23(a)(iii)(D).
“Bankruptcy
Code”: The Bankruptcy Code of 1978, as amended.
“Basic
Principal Distribution Amount”: With respect to any Distribution Date, the
excess, if any, of (x) the Principal Remittance Amount for such Distribution
Date, over (y) the Overcollateralization Release Amount.
“Basis
Risk Shortfall”: With respect to any Class of the Class A Certificates and Class
M Certificates, on each Distribution Date where the clause (ii) of the
definition of “Pass-Through Rate” is less than the related clause (i) of the
related definition of “Pass-Through Rate”, the excess, if any, of (x) the
aggregate Accrued Certificate Interest thereon for such Distribution Date
calculated pursuant to clause (i) of the related definition of “Pass-Through
Rate,” over (y) interest accrued on the Mortgage Loans at the Net WAC
Rate.
“Basis
Risk Shortfall Carry-Forward Amount”: With respect to each Class of the Class A
Certificates and Class M Certificates and any Distribution Date, as determined
separately for each such Class of the Class A Certificates or Class M
Certificates, an amount equal to the aggregate amount of Basis Risk Shortfall
for such Certificates on such Distribution Date, if any, plus any unpaid
Basis
Risk Shortfall for such Class of Certificates from prior Distribution Dates,
plus interest thereon at the Pass-Through Rate for such Distribution Date,
to
the extent not previously reimbursed by the Net Monthly Excess Cashflow
or
payments from the Supplemental Interest Trust.
“Basis
Risk Shortfall Reserve Fund”: A reserve fund established by the Securities
Administrator on behalf of the Trustee for the benefit of the Holders of
the
Class A Certificates and Class M Certificates. The Basis Risk Shortfall
Reserve
Fund is an “outside reserve fund” within the meaning of Treasury regulation
Section 1.860G-2(h), which is not an asset of any REMIC, ownership of which
is evidenced by the Class C Certificates, and which is established and
maintained pursuant to Section 4.08.
“Book-Entry
Certificate”: Any Certificate registered in the name of the Depository or its
nominee.
“Business
Day”: Any day other than (i) a Saturday or a Sunday, or (ii) a day on which
the
New York Stock Exchange or Federal Reserve is closed or on which banking
institutions in the jurisdiction in which the Trustee, the Master Servicer,
the
Servicer, any Subservicer or the Corporate Trust Office of the Securities
Administrator is located are authorized or obligated by law or executive
order
to be closed.
“Cash
Liquidation”: As to any defaulted Mortgage Loan other than a Mortgage Loan as to
which an REO Acquisition occurred, a determination by the Servicer that
it has
received all Insurance Proceeds, Liquidation Proceeds and other payments
or cash
recoveries which the Servicer reasonably and in good faith expects to be
finally
recoverable with respect to such Mortgage Loan.
“Cenlar”:
Cenlar FSB.
“Certificate”:
Any Class A, Class M, Class C, Class P or Class R Certificate.
“Certificate
Account”: The trust account or accounts created and maintained pursuant to
Section 3.19, which shall be entitled “HSBC Bank USA, National Association,
in trust for registered holders of Opteum Mortgage Acceptance Corporation,
Asset-Backed Pass-Through Certificates, Series 2006-2”, and which account or
accounts must each be an Eligible Account.
“Certificate
Account Deposit Date”: With respect to any Distribution Date, the Business Day
immediately preceding such Distribution Date.
“Certificateholder”
or “Holder”: The Person in whose name a Certificate is registered in the
Certificate Register, except that only a Permitted Transferee shall be
a holder
of a Residual Certificate for any purposes hereof and, solely for the purposes
of giving any consent pursuant to this Agreement, any Certificate registered
in
the name of the Depositor or the Master Servicer or any affiliate thereof
shall
be deemed not to be outstanding and the Voting Rights to which such Certificate
is entitled shall not be taken into account in determining whether the
requisite
percentage of Voting Rights necessary to effect any such consent has been
obtained, except as otherwise provided in Section 11.01. The Trustee and
the Securities Administrator shall be entitled to rely upon a certification
of
the Depositor or the Master Servicer in determining if any Certificates
are
registered in the name of the respective affiliate. All references herein
to
“Holders” or “Certificateholders” shall reflect the rights of Certificate Owners
as they may indirectly exercise such rights through the Depository and
participating members thereof, except as otherwise specified herein;
provided,
however,
that
the Trustee and the Securities Administrator shall be required to recognize
as a
“Holder” or “Certificateholder” only the Person in whose name a Certificate is
registered in the Certificate Register.
“Certificate
Margin”: With respect to the Class A1A, Class A1B, Class A1C, Class A2, Class
M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7,
Class
M-8, Class M-9 and Class M-10 Certificates and solely for the purposes
of the
definition of Marker Rate and Maximum Uncertificated Accrued Interest Deferral
Amount, the REMIC 2 Regular Interests (other than REMIC 2 Regular Interests
LT-AA, LT-ZZ and LT-P), on any Distribution Date prior to the Step-Up Date,
0.060%, 0.160%, 0.270%, 0.260%, 0.300%, 0.320%, 0.340%, 0.410%, 0.420%,
0.500%,
1.050%, 1.200%, 1.250% and 1.250% per annum, respectively, and on any
Distribution Date on and after the Step-Up Date, 0.120%, 0.320%, 0.540%,
0.520%,
0.450%, 0.480%, 0.510%, 0.615%, 0.630%, 0.750%, 1.575%, 1.800%, 1.875%
and
1.875% per annum, respectively.
“Certificate
Owner”: With respect to a Book-Entry Certificate, the Person who is the
beneficial owner of such Certificate, as reflected on the books of an indirect
participating brokerage firm for which a Depository Participant acts as
agent,
if any, and otherwise on the books of a Depository Participant, if any,
and
otherwise on the books of the Depository.
“Certificate
Principal Balance”: With respect to any Class of Class A Certificates or Class M
Certificates immediately prior to any Distribution Date, the Initial Certificate
Principal Balance thereof, plus any Subsequent Recoveries added to the
Certificate Principal Balance of such Certificate, reduced by the sum of
(a) all
amounts actually distributed in respect of principal of such Class and,
(b) in
the case of a Class A2 Certificate and Class M Certificate, Realized Losses
allocated thereto on all prior Distribution Dates. With respect to the
Class C
Certificates as of any date of determination, an amount equal to the excess,
if
any, of (A) the then aggregate Uncertificated Principal Balances of the
REMIC 2
Regular Interests over (B) the then aggregate Certificate Principal Balances
of
the Class A Certificates, the Class M Certificates and the Class P Certificates
then outstanding.
“Certificate
Register”: The register maintained pursuant to Section 5.02.
“Certification
Parties”: As defined in the Section 3.23(a)(iii)(D).
“Certifying
Person”: As defined in the Section 3.23(a)(iii)(D).
“Class”:
Collectively, all of the Certificates bearing the same designation.
“Class
A
Certificate”: Any Class A1A, Class A1B, Class A1C or Class A2
Certificate.
“Class
A1
Certificate”: Any Class A1A, Class A1B or Class A1C Certificate.
“Class
A
Principal Distribution Amount”: For any applicable Distribution Date on or after
the Stepdown Date as long as a Trigger Event has not occurred with respect
to
such Distribution Date, an amount equal to the excess (if any) of (x) the
aggregate Certificate Principal Balance of the Class A Certificates immediately
prior to such Distribution Date over (y) the lesser of (a) the Aggregate
Stated
Principal Balance of the Mortgage Loans as of the last day of the related
Due
Period (after giving effect to scheduled payments of principal due during
the
related Due Period, to the extent received or advanced, and unscheduled
collections of principal received on the Mortgage Loans during the related
Prepayment Period, and after reduction for Realized Losses incurred during
the
related Prepayment Period) multiplied by 81.20% and (b) the amount, if
any, by
which (i) the Aggregate Stated Principal Balance of the Mortgage Loans
as of the
last day of the related Due Period (after giving effect to scheduled payments
of
principal due on the Mortgage Loans during the related Due Period, to the
extent
received or advanced, and unscheduled collections of principal on the Mortgage
Loans received during the related Prepayment Period, and after reduction
for
Realized Losses on the Mortgage Loans incurred during the related Prepayment
Period) exceeds (ii) the Overcollateralization Floor Amount.
“Class
C
Certificate”: Any one of the Class C Certificates as designated on the face
thereof substantially in the form annexed hereto as Exhibit B-2, executed
by the
Securities Administrator and authenticated and delivered by the Securities
Administrator, representing the right to distributions as set forth herein
and
therein and evidencing a REMIC Regular Interest in REMIC 3.
“Class
A1A Certificate”: Any one of the Class A1A Certificates as designated on the
face thereof substantially in the form annexed hereto as Exhibit A, executed
by
the Securities Administrator and authenticated and delivered by the Securities
Administrator, representing the right to distributions as set forth herein
and
therein and evidencing (i) a REMIC Regular Interest in REMIC 3, (ii) the
right
to receive the related Basis Risk Shortfall Carry-Forward Amount and (iii)
the
obligation to pay any Class IO Distribution Amount.
“Class
A1B Certificate”: Any one of the Class A1B Certificates as designated on the
face thereof substantially in the form annexed hereto as Exhibit A, executed
by
the Securities Administrator and authenticated and delivered by the Securities
Administrator, representing the right to distributions as set forth herein
and
therein and evidencing (i) a REMIC Regular Interest in REMIC 3, (ii) the
right
to receive the related Basis Risk Shortfall Carry-Forward Amount and (iii)
the
obligation to pay any Class IO Distribution Amount.
“Class
A1C Certificate”: Any one of the Class A1C Certificates as designated on the
face thereof substantially in the form annexed hereto as Exhibit A, executed
by
the Securities Administrator and authenticated and delivered by the Securities
Administrator, representing the right to distributions as set forth herein
and
therein and evidencing (i) a REMIC Regular Interest in REMIC 3, (ii) the
right
to receive the related Basis Risk Shortfall Carry-Forward Amount and (iii)
the
obligation to pay any Class IO Distribution Amount.
“Class
A2
Certificate”: Any one of the Class A2 Certificates as designated on the face
thereof substantially in the form annexed hereto as Exhibit A, executed
by the
Securities Administrator and authenticated and delivered by the Securities
Administrator, representing the right to distributions as set forth herein
and
therein and evidencing (i) a REMIC Regular Interest in REMIC 3, (ii) the
right
to receive the related Basis Risk Shortfall Carry-Forward Amount and (iii)
the
obligation to pay any Class IO Distribution Amount.
“Class
IO Distribution Amount”: As defined in Section 4.09 hereof. For
purposes of clarity, the Class IO Distribution Amount for any Distribution
Date
shall equal the amount payable to the Supplemental Interest Trust on such
Distribution Date in excess of the amount payable on the Class IO Interest
on
such Distribution Date, all as further provided in Section 4.09 hereof.
“Class
IO
Interest”: An uncertificated interest in the Trust Fund held by the Trustee,
evidencing a REMIC Regular Interest in REMIC 3 for purposes of the REMIC
Provisions.
“Class
M
Certificates”: The Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class
M-6, Class M-7, Class M-8, Class M-9 and Class M-10 Certificates.
“Class
M-1 Certificate”: Any one of the Class M-1 Certificates as designated on the
face thereof substantially in the form annexed hereto as Exhibit B-1, executed
by the Securities Administrator and authenticated and delivered by the
Securities Administrator, representing the right to distributions as set
forth
herein and therein and evidencing (i) a REMIC Regular Interest in REMIC
3, (ii)
the right to receive the related Basis Risk Shortfall Carry-Forward Amount
and
(iii) the obligation to pay any Class IO Distribution Amount.
“Class
M-1 Principal Distribution Amount”: For any applicable Distribution Date on or
after the Stepdown Date as long as a Trigger Event has not occurred with
respect
to such Distribution Date, an amount equal to the excess (if any) of (x)
the sum
of (i) the aggregate Certificate Principal Balance of the Class A Certificates
(after taking into account the distribution of the Class A Principal
Distribution Amount on such Distribution Date) and (ii) the Certificate
Principal Balance of the Class M-1 Certificates immediately prior to such
Distribution Date over (y) the lesser of (a) the Aggregate Stated Principal
Balance of the Mortgage Loans as of the last day of the related Due Period
(after giving effect to scheduled payments of principal due during the
related
Due Period, to the extent received or advanced, and unscheduled collections
of
principal received during the related Prepayment Period, and after reduction
for
Realized Losses incurred during the related Prepayment Period) multiplied
by
84.70% and (b) the amount, if any, by which (i) the Aggregate Stated Principal
Balance of the Mortgage Loans as of the last day of the related Due Period
(after giving effect to scheduled payments of principal due during the
related
Due Period, to the extent received or advanced, and unscheduled collections
of
principal received during the related Prepayment Period, and after reduction
for
Realized Losses incurred during the related Prepayment Period) exceeds
(ii) the
Overcollateralization Floor Amount.
“Class
M-2 Certificate”: Any one of the Class M-2 Certificates as designated on the
face thereof substantially in the form annexed hereto as Exhibit B-1, executed
by the Securities Administrator and authenticated and delivered by the
Securities Administrator, representing the right to distributions as set
forth
herein and therein and evidencing (i) a REMIC Regular Interest in REMIC
3, (ii)
the right to receive the related Basis Risk Shortfall Carry-Forward Amount
and
(iii) the obligation to pay any Class IO Distribution Amount.
“Class
M-2 Principal Distribution Amount”: For any applicable Distribution Date on or
after the Stepdown Date as long as a Trigger Event has not occurred with
respect
to such Distribution Date, an amount equal to the excess (if any) of (x)
the sum
of (i) the aggregate Certificate Principal Balance of the Class A Certificates
and Class M-1 Certificates (after taking into account the distribution
of the
Class A Principal Distribution Amount and the Class M-1 Principal Distribution
Amount on such Distribution Date) and (ii) the Certificate Principal Balance
of
the Class M-2 Certificates immediately prior to such Distribution Date
over (y)
the lesser of (a) the Aggregate Stated Principal Balance of the Mortgage
Loans
as of the last day of the related Due Period (after giving effect to scheduled
payments of principal due during the related Due Period, to the extent
received
or advanced, and unscheduled collections of principal received during the
related Prepayment Period, and after reduction for Realized Losses incurred
during the related Prepayment Period) multiplied by 87.70% and (b) the
amount,
if any, by which (i) the Aggregate Stated Principal Balance of the Mortgage
Loans as of the last day of the related Due Period (after giving effect
to
scheduled payments of principal due during the related Due Period, to the
extent
received or advanced, and unscheduled collections of principal received
during
the related Prepayment Period, and after reduction for Realized Losses
incurred
during the related Prepayment Period) exceeds (ii) the Overcollateralization
Floor Amount.
“Class
M-3 Certificate”: Any one of the Class M-3 Certificates as designated on the
face thereof substantially in the form annexed hereto as Exhibit B-1, executed
by the Securities Administrator and authenticated and delivered by the
Securities Administrator, representing the right to distributions as set
forth
herein and therein and evidencing (i) a REMIC Regular Interest in REMIC
3, (ii)
the right to receive the related Basis Risk Shortfall Carry-Forward Amount
and
(iii) the obligation to pay any Class IO Distribution Amount.
“Class
M-3 Principal Distribution Amount”: For any applicable Distribution Date on or
after the Stepdown Date as long as a Trigger Event has not occurred with
respect
to such Distribution Date, an amount equal to the excess (if any) of (x)
the sum
of (i) the aggregate Certificate Principal Balance of the Class A, Class
M-1 and
Class M-2 Certificates (after taking into account the distributions of
the Class
A, Class M-1 and Class M-2 Principal Distribution Amounts on such Distribution
Date) and (ii) the Certificate Principal Balance of the Class M-3 Certificates
immediately prior to such Distribution Date over (y) the lesser of (a)
the
Aggregate Stated Principal Balance of the Mortgage Loans as of the last
day of
the related Due Period (after giving effect to scheduled payments of principal
due during the related Due Period, to the extent received or advanced,
and
unscheduled collections of principal received during the related Prepayment
Period, and after reduction for Realized Losses incurred during the related
Prepayment Period) multiplied by 89.60% and (b) the amount, if any, by
which (i)
the Aggregate Stated Principal Balance of the Mortgage Loans as of the
last day
of the related Due Period (after giving effect to scheduled payments of
principal due during the related Due Period, to the extent received or
advanced,
and unscheduled collections of principal received during the related Prepayment
Period, and after reduction for Realized Losses incurred during the related
Prepayment Period) exceeds (ii) the Overcollateralization Floor
Amount.
“Class
M-4 Certificate”: Any one of the Class M-4 Certificates as designated on the
face thereof substantially in the form annexed hereto as Exhibit B-1, executed
by the Securities Administrator and authenticated and delivered by the
Securities Administrator, representing the right to distributions as set
forth
herein and therein and evidencing (i) a REMIC Regular Interest in REMIC
3, (ii)
the right to receive the related Basis Risk Shortfall Carry-Forward Amount
and
(iii) the obligation to pay any Class IO Distribution Amount.
“Class
M-4 Principal Distribution Amount”: For any applicable Distribution Date on or
after the Stepdown Date as long as a Trigger Event has not occurred with
respect
to such Distribution Date, an amount equal to the excess (if any) of (x)
the sum
of (i) the aggregate Certificate Principal Balance of the Class A, Class
M-1,
Class M-2 and Class M-3 Certificates (after taking into account the distribution
of the Class A, Class M-1, Class M-2 and Class M-3 Principal Distribution
Amounts on such Distribution Date) and (ii) the Certificate Principal Balance
of
the Class M-4 Certificates immediately prior to such Distribution Date
over (y)
the lesser of (a) the Aggregate Stated Principal Balance of the Mortgage
Loans
as of the last day of the related Due Period (after giving effect to scheduled
payments of principal due during the related Due Period, to the extent
received
or advanced, and unscheduled collections of principal received during the
related Prepayment Period, and after reduction for Realized Losses incurred
during the related Prepayment Period) multiplied by 91.30% and (b) the
amount,
if any, by which (i) the Aggregate Stated Principal Balance of the Mortgage
Loans as of the last day of the related Due Period (after giving effect
to
scheduled payments of principal due during the related Due Period, to the
extent
received or advanced, and unscheduled collections of principal received
during
the related Prepayment Period, and after reduction for Realized Losses
incurred
during the related Prepayment Period) exceeds (ii) the Overcollateralization
Floor Amount.
“Class
M-5 Certificate”: Any one of the Class M-5 Certificates as designated on the
face thereof substantially in the form annexed hereto as Exhibit B-1, executed
by the Securities Administrator and authenticated and delivered by the
Securities Administrator, representing the right to distributions as set
forth
herein and therein and evidencing (i) a REMIC Regular Interest in REMIC
3, (ii)
the right to receive the related Basis Risk Shortfall Carry-Forward Amount
and
(iii) the obligation to pay any Class IO Distribution Amount.
“Class
M-5 Principal Distribution Amount”: For any applicable Distribution Date on or
after the Stepdown Date as long as a Trigger Event has not occurred with
respect
to such Distribution Date, an amount equal to the excess (if any) of (x)
the sum
of (i) the aggregate Certificate Principal Balance of the Class A, Class
M-1,
Class M-2, Class M-3 and Class M-4 Certificates (after taking into account
the
distribution of the Class A, Class M-1, Class M-2, Class M-3 and Class
M-4
Principal Distribution Amounts on such Distribution Date) and (ii) the
Certificate Principal Balance of the Class M-5 Certificates immediately
prior to
such Distribution Date over (y) the lesser of (a) the Aggregate Stated
Principal
Balance of the Mortgage Loans as of the last day of the related Due Period
(after giving effect to scheduled payments of principal due during the
related
Due Period, to the extent received or advanced, and unscheduled collections
of
principal received during the related Prepayment Period, and after reduction
for
Realized Losses incurred during the related Prepayment Period) multiplied
by
92.90% and (b) the amount, if any, by which (i) the Aggregate Stated Principal
Balance of the Mortgage Loans as of the last day of the related Due Period
(after giving effect to scheduled payments of principal due during the
related
Due Period, to the extent received or advanced, and unscheduled collections
of
principal received during the related Prepayment Period, and after reduction
for
Realized Losses incurred during the related Prepayment Period) exceeds
(ii) the
Overcollateralization Floor Amount.
“Class
M-6 Certificate”: Any one of the Class M-6 Certificates as designated on the
face thereof substantially in the form annexed hereto as Exhibit B-1, executed
by the Securities Administrator and authenticated and delivered by the
Securities Administrator, representing the right to distributions as set
forth
herein and therein and evidencing (i) a REMIC Regular Interest in REMIC
3, (ii)
the right to receive the related Basis Risk Shortfall Carry-Forward Amount
and
(iii) the obligation to pay any Class IO Distribution Amount.
“Class
M-6 Principal Distribution Amount”: For any applicable Distribution Date on or
after the Stepdown Date as long as a Trigger Event has not occurred with
respect
to such Distribution Date, an amount equal to the excess (if any) of (x)
the sum
of (i) the aggregate Certificate Principal Balance of the Class A, Class
M-1,
Class M-2, Class M-3, Class M-4 and Class M-5 Certificates (after taking
into
account the distribution of the Class A, Class M-1, Class M-2, Class M-3,
Class
M-4 and Class M-5 Principal Distribution Amounts on such Distribution Date)
and
(ii) the Certificate Principal Balance of the Class M-6 Certificates immediately
prior to such Distribution Date over (y) the lesser of (a) the Aggregate
Stated
Principal Balance of the Mortgage Loans as of the last day of the related
Due
Period (after giving effect to scheduled payments of principal due during
the
related Due Period, to the extent received or advanced, and unscheduled
collections of principal received during the related Prepayment Period,
and
after reduction for Realized Losses incurred during the related Prepayment
Period) multiplied by 94.20% and (b) the amount, if any, by which (i) the
Aggregate Stated Principal Balance of the Mortgage Loans as of the last
day of
the related Due Period (after giving effect to scheduled payments of principal
due during the related Due Period, to the extent received or advanced,
and
unscheduled collections of principal received during the related Prepayment
Period, and after reduction for Realized Losses incurred during the related
Prepayment Period) exceeds (ii) the Overcollateralization Floor
Amount.
“Class
M-7 Certificate”: Any one of the Class M-7 Certificates as designated on the
face thereof substantially in the form annexed hereto as Exhibit B-1, executed
by the Securities Administrator and authenticated and delivered by the
Securities Administrator, representing the right to distributions as set
forth
herein and therein and evidencing (i) a REMIC Regular Interest in REMIC
3, (ii)
the right to receive the related Basis Risk Shortfall Carry-Forward Amount
and
(iii) the obligation to pay any Class IO Distribution Amount.
“Class
M-7 Principal Distribution Amount”: For any applicable Distribution Date on or
after the Stepdown Date as long as a Trigger Event has not occurred with
respect
to such Distribution Date, an amount equal to the excess (if any) of (x)
the sum
of (i) the aggregate Certificate Principal Balance of the Class A, Class
M-1,
Class M-2, Class M-3, Class M-4, Class M-5 and Class M-6 Certificates (after
taking into account the distribution of the Class A, Class M-1, Class M-2,
Class
M-3, Class M-4, Class M-5 and Class M-6 Principal Distribution Amounts
on such
Distribution Date) and (ii) the Certificate Principal Balance of the Class
M-7
Certificates immediately prior to such Distribution Date over (y) the lesser
of
(a) the Aggregate Stated Principal Balance of the Mortgage Loans as of
the last
day of the related Due Period (after giving effect to scheduled payments
of
principal due during the related Due Period, to the extent received or
advanced,
and unscheduled collections of principal received during the related Prepayment
Period, and after reduction for Realized Losses incurred during the related
Prepayment Period) multiplied by 95.30% and (b) the amount, if any, by
which (i)
the Aggregate Stated Principal Balance of the Mortgage Loans as of the
last day
of the related Due Period (after giving effect to scheduled payments of
principal due during the related Due Period, to the extent received or
advanced,
and unscheduled collections of principal received during the related Prepayment
Period, and after reduction for Realized Losses incurred during the related
Prepayment Period) exceeds (ii) the Overcollateralization Floor
Amount.
“Class
M-8 Certificate”: Any one of the Class M-8 Certificates as designated on the
face thereof substantially in the form annexed hereto as Exhibit B-1, executed
by the Securities Administrator and authenticated and delivered by the
Securities Administrator, representing the right to distributions as set
forth
herein and therein and evidencing (i) a REMIC Regular Interest in REMIC
3, (ii)
the right to receive the related Basis Risk Shortfall Carry-Forward Amount
and
(iii) the obligation to pay any Class IO Distribution Amount.
“Class
M-8 Principal Distribution Amount”: For any applicable Distribution Date on or
after the Stepdown Date as long as a Trigger Event has not occurred with
respect
to such Distribution Date, an amount equal to the excess (if any) of (x)
the sum
of (i) the aggregate Certificate Principal Balance of the Class A, Class
M-1,
Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 Certificates
(after taking into account the distribution of the Class A, Class M-1,
Class
M-2, Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 Principal
Distribution Amounts on such Distribution Date) and (ii) the Certificate
Principal Balance of the Class M-8 Certificates immediately prior to such
Distribution Date over (y) the lesser of (a) the Aggregate Stated Principal
Balance of the Mortgage Loans as of the last day of the related Due Period
(after giving effect to scheduled payments of principal due during the
related
Due Period, to the extent received or advanced, and unscheduled collections
of
principal received during the related Prepayment Period, and after reduction
for
Realized Losses incurred during the related Prepayment Period) multiplied
by
96.30% and (b) the amount, if any, by which (i) the Aggregate Stated Principal
Balance of the Mortgage Loans as of the last day of the related Due Period
(after giving effect to scheduled payments of principal due during the
related
Due Period, to the extent received or advanced, and unscheduled collections
of
principal received during the related Prepayment Period, and after reduction
for
Realized Losses incurred during the related Prepayment Period) exceeds
(ii) the
Overcollateralization Floor Amount.
“Class
M-9 Certificate”: Any one of the Class M-9 Certificates as designated on the
face thereof substantially in the form annexed hereto as Exhibit B-1, executed
by the Securities Administrator and authenticated and delivered by the
Securities Administrator, representing the right to distributions as set
forth
herein and therein and evidencing (i) a REMIC Regular Interest in REMIC
3, (ii)
the right to receive the related Basis Risk Shortfall Carry-Forward Amount
and
(iii) the obligation to pay any Class IO Distribution Amount.
“Class
M-9 Principal Distribution Amount”: For any applicable Distribution Date on or
after the Stepdown Date as long as a Trigger Event has not occurred with
respect
to such Distribution Date, an amount equal to the excess (if any) of (x)
the sum
of (i) the aggregate Certificate Principal Balance of the Class A, Class
M-1,
Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class
M-8
Certificates (after taking into account the distribution of the Class A,
Class
M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and
Class
M-8 Principal Distribution Amounts on such Distribution Date) and (ii)
the
Certificate Principal Balance of the Class M-9 Certificates immediately
prior to
such Distribution Date over (y) the lesser of (a) the Aggregate Stated
Principal
Balance of the Mortgage Loans as of the last day of the related Due Period
(after giving effect to scheduled payments of principal due during the
related
Due Period, to the extent received or advanced, and unscheduled collections
of
principal received during the related Prepayment Period, and after reduction
for
Realized Losses incurred during the related Prepayment Period) multiplied
by
97.30% and (b) the amount, if any, by which (i) the Aggregate Stated Principal
Balance of the Mortgage Loans as of the last day of the related Due Period
(after giving effect to scheduled payments of principal due during the
related
Due Period, to the extent received or advanced, and unscheduled collections
of
principal received during the related Prepayment Period, and after reduction
for
Realized Losses incurred during the related Prepayment Period) exceeds
(ii) the
Overcollateralization Floor Amount.
“Class
M-10 Certificate”: Any one of the Class M-10 Certificates as designated on the
face thereof substantially in the form annexed hereto as Exhibit B-1, executed
by the Securities Administrator and authenticated and delivered by the
Securities Administrator, representing the right to distributions as set
forth
herein and therein and evidencing (i) a REMIC Regular Interest in REMIC
3, (ii)
the right to receive the related Basis Risk Shortfall Carry-Forward Amount
and
(iii) the obligation to pay any Class IO Distribution Amount.
“Class
M-10 Principal Distribution Amount”: For any applicable Distribution Date on or
after the Stepdown Date as long as a Trigger Event has not occurred with
respect
to such Distribution Date, an amount equal to the excess (if any) of (x)
the sum
of (i) the aggregate Certificate Principal Balance of the Class A, Class
M-1,
Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class
M-8 and
Class M-9 Certificates (after taking into account the distribution of the
Class
A, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class
M-7,
Class M-8 and Class M-9 Principal Distribution Amounts on such Distribution
Date) and (ii) the Certificate Principal Balance of the Class M-10 Certificates
immediately prior to such Distribution Date over (y) the lesser of (a)
the
Aggregate Stated Principal Balance of the Mortgage Loans as of the last
day of
the related Due Period (after giving effect to scheduled payments of principal
due during the related Due Period, to the extent received or advanced,
and
unscheduled collections of principal received during the related Prepayment
Period, and after reduction for Realized Losses incurred during the related
Prepayment Period) multiplied by 98.50% and (b) the amount, if any, by
which (i)
the Aggregate Stated Principal Balance of the Mortgage Loans as of the
last day
of the related Due Period (after giving effect to scheduled payments of
principal due during the related Due Period, to the extent received or
advanced,
and unscheduled collections of principal received during the related Prepayment
Period, and after reduction for Realized Losses incurred during the related
Prepayment Period) exceeds (ii) the Overcollateralization Floor
Amount.
“Class
P
Certificate”: Any one of the Class P Certificates as designated on the face
thereof substantially in the form annexed hereto as Exhibit B-3, executed
by the
Securities Administrator and authenticated and delivered by the Securities
Administrator, representing the right to distributions as set forth herein
and
therein and evidencing a REMIC Regular Interest in REMIC 3.
“Class
R
Certificate”: Any one of the Class R Certificates as designated on the face
thereof substantially in the form annexed hereto as Exhibit B-4, executed
by the
Securities Administrator and authenticated and delivered by the Securities
Administrator, evidencing the ownership of the Class R-1 Interest, Class
R-2
Interest and Class R-3 Interest.
“Class
R-1 Interest”: The uncertificated Residual Interest in REMIC 1.
“Class
R-2 Interest”: The uncertificated Residual Interest in REMIC 2.
“Class
R-3 Interest”: The uncertificated Residual Interest in REMIC 3.
“Closing
Date”: June 26, 2006.
“Code”:
The Internal Revenue Code of 1986, as amended.
“Collateral
Value”: The appraised value of a Mortgaged Property based upon the lesser of
(i)
the appraisal made at the time of the origination of the related Mortgage
Loan,
or (ii) the sales price of such Mortgaged Property at such time of origination.
With respect to a Mortgage Loan the proceeds of which were used to refinance
an
existing mortgage loan, the appraised value of the Mortgaged Property based
upon
the appraisal obtained at the time of refinancing.
“Commission”:
The Securities and Exchange Commission.
“Compensating
Interest”: With respect to any Distribution Date, an amount equal to Prepayment
Interest Shortfalls resulting from Principal Prepayments during the related
Prepayment Period, but not more than the sum of the Servicing Fees and
any
Prepayment Interest Excess for the immediately preceding Due
Period.
“Corporate
Trust Office”: With respect to the Trustee, the principal corporate trust office
of the Trustee at which at any particular time its corporate trust business
related to this Agreement shall be administered, which office at the date
of the
execution of this Agreement is located at 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx
Xxxx
00000, Attention: Corporate Trust Services - Opteum, and with respect to
the
Securities Administrator, for Certificate transfer purposes, Xxxxx Fargo
Center,
Xxxxx Xxxxxx xxx Xxxxxxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxxxx 00000, Attn:
Corporate
Trust Services - Opteum 2006-2, and for all other purposes, 0000 Xxx Xxxxxxxxx
Xxxx, Xxxxxxxx, Xxxxxxxx, 00000, Attn: Corporate Trust Services - Opteum
2006-2.
“Corresponding
Certificate”: With respect to:
(i) |
REMIC
2 Regular Interest LT-A1A, the Class A1A
Certificates,
|
(ii) |
REMIC
2 Regular Interest LT-A1B, the Class A1B
Certificates,
|
(iii) |
REMIC
2 Regular Interest LT-A1C, the Class A1C
Certificates,
|
(iv) |
REMIC
2 Regular Interest LT-A2, the Class A2
Certificates,
|
(v) |
REMIC
2 Regular Interest LT-M1, the Class M-1
Certificates,
|
(vi) |
REMIC
2 Regular Interest LT-M2, the Class M-2
Certificates,
|
(vii) |
REMIC
2 Regular Interest LT-M3, the Class M-3
Certificates,
|
(viii) |
REMIC
2 Regular Interest LT-M4, the Class M-4
Certificates,
|
(ix) |
REMIC
2 Regular Interest LT-M5, the Class M-5
Certificates,
|
(x) |
REMIC
2 Regular Interest LT-M6, the Class M-6
Certificates,
|
(xi) |
REMIC
2 Regular Interest LT-M7, the Class M-7
Certificates,
|
(xii) |
REMIC
2 Regular Interest LT-M8, the Class M-8
Certificates;
|
(xiii) |
REMIC
2 Regular Interest LT-M9, the Class M-9
Certificates;
|
(xiv) |
REMIC
2 Regular Interest LT-M10, the Class M-10 Certificates;
and
|
(xv) |
REMIC
2 Regular Interest LT-P, the Class P
Certificates.
|
“Credit
Support Depletion Date”: The Distribution Date after the aggregate Certificate
Principal Balance of the Class M Certificates and the Overcollateralized
Amount
have been reduced to zero.
“Curtailment”:
Any Principal Prepayment made by a Mortgagor which is not a Principal Prepayment
in Full.
“Custodial
Account”: The custodial account or accounts created and maintained by the Master
Servicer pursuant to Section 3.17 in the name of a depository institution,
as custodian for the Holders of the Certificates. Any such account or accounts
shall be an Eligible Account.
“Custodial
Agreement”: An agreement, dated as of the Closing Date among the Depositor, the
Master Servicer, the Trustee and the Custodian in substantially the form
of
Exhibit N hereto.
“Custodian”:
JPMorgan Chase Bank, National Association, or any successor custodian appointed
pursuant to the provisions hereof and of the Custodial Agreement.
“Cut-off
Date”: June 1, 2006.
“Defaulting
Party”: As defined in the Swap Agreement.
“Deficient
Valuation”: With respect to any Mortgage Loan, a valuation by a court of
competent jurisdiction of the Mortgaged Property in an amount less than
the then
outstanding indebtedness under the Mortgage Loan, or any reduction in the
amount
of principal to be paid in connection with any scheduled Monthly Payment
that
constitutes a permanent forgiveness of principal, which valuation or reduction
results from a proceeding under the Bankruptcy Code.
“Definitive
Certificate”: Any definitive, fully registered Certificate.
“Deleted
Mortgage Loan”: A Mortgage Loan replaced or to be replaced with a Qualified
Substitute Mortgage Loan.
“Delinquent”:
A Mortgage Loan is “delinquent” if any payment due thereon is not made pursuant
to the terms of such Mortgage Loan by the close of business on the day
such
payment is scheduled to be due. A Mortgage Loan is “30 days delinquent” if such
payment has not been received by the close of business on the corresponding
day
of the month immediately succeeding the month in which such payment was
due, or,
if there is no such corresponding day (e.g., as when a 30-day month follows
a
31-day month in which a payment was due on the 31st day of such month),
then on
the last day of such immediately succeeding month. Similarly for “60 days
delinquent,” “90 days delinquent” and so on.
“Depositor”:
Opteum Mortgage Acceptance Corporation, or its successor in
interest.
“Depository”:
The Depository Trust Company, or any successor Depository hereafter named.
The
nominee of the initial Depository for purposes of registering those Certificates
that are to be Book-Entry Certificates is Cede & Co. The Depository shall at
all times be a “clearing corporation” as defined in Section 8-102(5) of the
Uniform Commercial Code of the State of New York and a “clearing agency”
registered pursuant to the provisions of Section 17A of the Securities
Exchange Act of 1934, as amended.
“Depository
Participant”: A broker, dealer, bank or other financial institutions or other
Person for whom from time to time a Depository effects book-entry transfers
and
pledges of securities deposited with the Depository.
“Determination
Date”: The
20th
day (or
if such 20th
day is
not a Business Day, the Business Day immediately preceding such 20th
day) of
the month of the related Distribution Date.
“Disqualified
Organization”: Any organization defined as a “disqualified organization” under
Section 860E(e)(5) of the Code, which includes any of the following: (i)
the United States, any State or political subdivision thereof, any possession
of
the United States, or any agency or instrumentality of any of the foregoing
(other than an instrumentality which is a corporation if all of its activities
are subject to tax and, except for the Xxxxxxx Mac, a majority of its board
of
directors is not selected by such governmental unit), (ii) a foreign government,
any international organization, or any agency or instrumentality of any
of the
foregoing, (iii) any organization (other than certain farmers’ cooperatives
described in Section 521 of the Code) which is exempt from the tax imposed
by Chapter 1 of the Code (including the tax imposed by Section 511 of the
Code on unrelated business taxable income), (iv) rural electric and telephone
cooperatives described in Section 1381(a)(2)(C) of the Code and (v) any
other Person so designated by the Securities Administrator based upon an
Opinion
of Counsel that the holding of an Ownership Interest in a Residual Certificate
by such Person may cause any REMIC or any Person having an Ownership Interest
in
any Class of Certificates (other than such Person) to incur a liability
for any
federal tax imposed under the Code that would not otherwise be imposed
but for
the Transfer of an Ownership Interest in a Residual Certificate to such
Person.
The terms “United States”, “State” and “international organization” shall have
the meanings set forth in Section 7701 of the Code or successor
provisions.
“Distribution
Date”: The 25th day of any month, or if such 25th day is not a Business Day,
the
Business Day immediately following such 25th day, commencing in July
2006.
“Due
Date”: With respect to all of the Mortgage Loans, the first day of the
month.
“Due
Period”: With respect to any Distribution Date, the period commencing on the
second day of the month preceding the month of such Distribution Date (or,
with
respect to the first Due Period, the day following the Cut-off Date) and
ending
on the first day of the month of the related Distribution Date.
“XXXXX”:
The Electronic Data Gathering and Retrieval System of the
Commission.
“Eligible
Account”: Any of (i) a segregated account maintained with a federal or state
chartered depository institution (A) the short-term obligations of which
are
rated A-1+ or better by Standard & Poor’s and P-1 by Moody’s at the time of
any deposit therein or (B) insured by the FDIC (to the limits established
by
such Corporation), the uninsured deposits in which account are otherwise
secured
such that, as evidenced by an Opinion of Counsel (obtained by the Person
requesting that the account be held pursuant to this clause (B)) delivered
to
the Trustee prior to the establishment of such account, the Certificateholders
will have a claim with respect to the funds in such account and a perfected
first priority security interest against any collateral (which shall be
limited
to Permitted Investments, each of which shall mature not later than the
Business
Day immediately preceding the Distribution Date next following the date
of
investment in such collateral or the Distribution Date if such Permitted
Investment is an obligation of the institution that maintains the Certificate
Account or Custodial Account) securing such funds that is superior to claims
of
any other depositors or general creditors of the depository institution
with
which such account is maintained, (ii) a segregated trust account or accounts
maintained with a federal or state chartered depository institution or
trust
company subject to regulations regarding fiduciary funds on deposit similar
to
Title 12 of the Code of Federal Regulations Section 9.10(b), which, in
either case, has corporate trust powers, acting in its fiduciary capacity
or
(iii) a segregated account or accounts of a depository institution acceptable
to
the Rating Agencies (as evidenced in writing by a letter from the Rating
Agencies to the Trustee that use of any such account as the Custodial Account
or
the Certificate Account will not have an adverse effect on the then-current
ratings assigned to the Classes of the Certificates then rated by the Rating
Agencies). Eligible Accounts may bear interest.
“ERISA
Restricted Certificates”: The Class C, Class P and Class R
Certificates.
“Event
of
Default”: One or more of the events described in Section 7.01.
“Exchange
Act Reports”: Any reports required to be filed pursuant to Section 3.23 of
this Agreement.
“Exchange
Act”: The Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder.
“Extra
Principal Distribution Amount”: With respect to any Distribution Date, is the
lesser of (x) the Overcollateralization Deficiency Amount for such Distribution
Date and (y) the sum of (i) the Net Monthly Excess Cashflow Amount for
such
Distribution Date and (ii) amounts available from the Supplemental Interest
Trust to pay principal as provided in Section 4.01(g)(2).
“Xxxxxx
Xxx”: Federal National Mortgage Association or any successor.
“FDIC”:
Federal Deposit Insurance Corporation or any successor.
“Fitch”:
Fitch, Inc., or its successor in interest.
“Xxxxxxx
Mac”: Federal Home Loan Mortgage Corporation or any successor.
“Form
8-K
Disclosure Information”: As defined in Section 3.23(a)(ii)(A).
“Initial
Certificate Principal Balance”: With respect to each Class of Regular
Certificates, the Initial Certificate Principal Balance of such Class of
Certificates as set forth in the Preliminary Statement hereto, or with
respect
to any single Certificate, the Initial Certificate Principal Balance as
stated
on the face thereof.
“Initial
Notional Amount”: With respect to any Class C Certificates, the aggregate of the
initial Uncertificated Principal Balance of the REMIC 2 Regular Interests
(other
than REMIC 2 Regular Interest LT-P).
“Insurance
Policy”: With respect to any Mortgage Loan, any insurance policy (including the
Lender-Paid Primary Insurance Policy) which is required to be maintained
from
time to time under this Agreement in respect of such Mortgage Loan.
“Insurance
Proceeds”: Proceeds paid in respect of the Mortgage Loans pursuant to any
Insurance Policy, to the extent such proceeds are payable to the mortgagee
under
the Mortgage, any Subservicer, the Master Servicer or the Trustee and are
not
applied to the restoration of the related Mortgaged Property or released
to the
Mortgagor in accordance with the procedures that the Master Servicer would
follow in servicing mortgage loans held for its own account.
“Interest
Carry Forward Amount”: With respect to each Class of the Class A Certificates
and Class M Certificates and each Distribution Date, the excess of (a)
the
Accrued Certificate Interest for such Class with respect to prior Distribution
Dates, over (b) the amount actually distributed to such Class with respect
to
interest on such prior Distribution Dates, with interest on such excess
at the
related Pass-Through Rate.
“Interest
Determination Date”: With respect to the first Accrual Period, the second LIBOR
Business Day preceding the Closing Date, and with respect to each Accrual
Period
thereafter, the second LIBOR Business Day preceding the related Distribution
Date on which such Accrual Period commences.
“Interest
Remittance Amount”: With respect to any Distribution Date, that portion of the
Available Distribution Amount for such Distribution Date allocable to interest
received or advanced on the Mortgage Loans, less an amount equal to any
Net Swap
Payment or Swap Termination Payment (not due to a Swap Provider Trigger
Event)
deposited in the Supplemental Interest Trust for payment to the Swap
Provider.
“Late
Collections”: With respect to any Mortgage Loan, all amounts received during any
Due Period, whether as late payments of Monthly Payments or as Insurance
Proceeds, Liquidation Proceeds or otherwise, which represent late payments
or
collections of Monthly Payments due but delinquent for a previous Due Period
and
not previously recovered.
“Lender-Paid
Insured Loans”: The Mortgage Loans included in the Trust Fund covered by the
Lender-Paid Primary Insurance Policy, as applicable, as indicated on the
Mortgage Loan Schedule.
“Lender-Paid
Primary Insurance Policy”: The lender-paid Primary Insurance Policy issued by
United Guaranty Corporation and the lender-paid Primary Insurance Policy
issued
by PMI Mortgage Insurance Company, each as assigned to the Trust on the
Closing
Date, or any replacement policy therefore.
“Lender-Paid
Primary Insurance Rate”: With respect to any Lender-Paid Insured Loan covered by
the Lender-Paid Primary Insurance Policy, the rate per annum at which the
premium on the Lender-Paid Primary Insurance Policy accrues.
“LIBOR”:
With respect to any Distribution Date and the Pass-Through Rates on the
Offered
Certificates and the Class M-10 Certificates, the arithmetic mean of the
Loan
interbank offered rate quotations of reference banks (which will be selected
by
the Securities Administrator) for one-month U.S. dollar deposits, expressed
on a
per annum basis, determined in accordance with Section 1.02.
“LIBOR
Business Day”: A day on which banks are open for dealing in foreign currency and
exchange in London and New York City.
“Liquidated
Mortgage Loan”: As to any Distribution Date, any Mortgage Loan in respect of
which the Servicer has determined, in accordance with the servicing procedures
specified in the Servicing Agreement, as of the end of the related Prepayment
Period, that all Liquidation Proceeds which it expects to recover with
respect
to the liquidation of the Mortgage Loan or disposition of the related REO
Property have been recovered.
“Liquidation
Proceeds”: Amounts (other than Insurance Proceeds) received by the Servicer or
Master Servicer in connection with the taking of an entire Mortgaged Property
by
exercise of the power of eminent domain or condemnation or in connection
with
the liquidation of a defaulted Mortgage Loan through trustee’s sale, foreclosure
sale or otherwise and any Subsequent Recoveries, other than amounts received
in
respect of any REO Property.
“Loan-to-Value
Ratio”: As of any date of determination, the fraction, expressed as a
percentage, the numerator of which is the current principal balance of
the
related Mortgage Loan at the date of determination and the denominator
of which
is the Collateral Value of the related Mortgaged Property.
“Lost
Note Affidavit”: With respect to any Mortgage Loan as to which the original
Mortgage Note has been permanently lost, misplaced or destroyed and has
not been
replaced, an affidavit from the Sponsor certifying that the original Mortgage
Note has been lost, misplaced or destroyed (together with a copy of the
related
Mortgage Note) and indemnifying the Trust Fund against any loss, cost or
liability resulting from the failure to deliver the original Mortgage Note
in
the form of Exhibit J hereto.
“Majority
Class C Certificateholder”: With respect to the Class C Certificates and any
Distribution Date, the Holder of a 50.01% or greater Percentage Interest
of the
Class C Certificates.
“Marker
Rate”: With respect to the Class C Certificates and any Distribution Date, a
per
annum rate equal to two (2) times the weighted average of the Uncertificated
REMIC 2 Pass-Through Rates for each REMIC 2 Regular Interest (other than
REMIC 2
Regular Interest LT-AA, LT-IO and LT-P) subject to a cap (for each such
REMIC 2
Regular Interest other than REMIC 2 Regular Interest LT-ZZ) equal to the
Pass-Through Rate for the REMIC 3 Regular Interest the ownership of which
is
represented by the Corresponding Certificate for the purpose of this
calculation; with the rate on REMIC 2 Regular Interest LT-ZZ subject to
a cap of
zero for the purpose of this calculation; provided, however, that solely
for
this purpose, calculations of the Uncertificated REMIC 2 Pass-Through Rate
and
the related caps with respect to each such REMIC 2 Regular Interest (other
than
REMIC 2 Regular Interest LT-ZZ) shall be multiplied by a fraction, the
numerator
of which is the actual number of days in the Interest Accrual Period and
the
denominator of which is 30.
“Master
Servicer”: Xxxxx Fargo Bank, N.A., or any successor master servicer appointed as
herein provided.
“Master
Servicing Fee”: With respect to each Mortgage Loan, an amount, payable out of
any payment of interest on the Mortgage Loan, equal to interest at the
Master
Servicing Fee Rate on the Stated Principal Balance of such Mortgage Loan
as of
the Due Date in the calendar month preceding the month in which the payment
of
the Master Servicing Fee is due.
“Master
Servicing Fee Rate”: On each Mortgage Loan, a rate equal to 0.0075% per
annum.
“Maximum
Uncertificated Accrued Interest Deferral Amount”: With respect to any
Distribution Date, the excess of (a) accrued interest at the Uncertificated
REMIC 2 Pass-Through Rate applicable to REMIC 2 Regular Interest LT-ZZ
for such
Distribution Date on a balance equal to the excess of (i) the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-ZZ over (ii) the REMIC
2
Overcollateralized Amount, in each case for such Distribution Date over
(b) the
sum of (I) Uncertificated Accrued Interest on each REMIC 2 Regular Interest
(other than REMCI 2 Regular Interest LT-AA, REMIC 2 Regular Interest LT-ZZ
and
REMIC 2 Regular Interest LT-IO) with the rate on each such REMIC 2 Regular
Interest subject to a cap equal to the Pass-Through Rate for the REMIC
3 Regular
Interest the ownership of which is represented by the Corresponding Certificate;
provided, however, that solely for this purpose, calculations of the
Uncertificated REMIC 2 Pass-Through Rate and the related caps shall be
multiplied by a fraction, the numerator of which is the actual number of
days in
the Interest Accrual Period and the denominator of which is 30.
“MERS”:
Mortgage Electronic Registration Systems, Inc., a corporation organized and
existing under the laws of the State of Delaware, or any successor
thereto.
“MERS®
System”: The system of recording transfers of Mortgages electronically
maintained by MERS.
“MIN”:
The Mortgage Identification Number for Mortgage Loans registered with MERS
on
the MERS® System.
“MOM
Loan”: With respect to any Mortgage Loan, MERS acting as the mortgagee of such
Mortgage Loan, solely as nominee for the originator of such Mortgage Loan
and
its successors and assigns, at the origination thereof.
“Monthly
Payment”: With respect to any Mortgage Loan, the scheduled monthly payment of
principal and interest on such Mortgage Loan which is payable by a Mortgagor
from time to time under the related Mortgage Note as originally executed
(after
adjustment, if any, for Deficient Valuations occurring prior to such Due
Date,
and after any adjustment by reason of any bankruptcy or similar proceeding
or
any moratorium or similar waiver or grace period).
“Moody’s”:
Xxxxx’x Investors Service, Inc., or its successor in interest.
“Mortgage”:
The mortgage, deed of trust or any other instrument securing the Mortgage
Loan.
“Mortgage
File”: The mortgage documents listed in Section 2.01 pertaining to a
particular Mortgage Loan and any additional documents required to be added
to
the Mortgage File pursuant to this Agreement; provided, that whenever the
term
“Mortgage File” is used to refer to documents actually received by the Custodian
as agent for the Trustee, such term shall not be deemed to include such
additional documents required to be added unless they are actually so
added.
“Mortgage
Loan”: Each of the mortgage loans, transferred and assigned to the Trustee
pursuant to Section 2.01 or 2.04 and from time to time held in the Trust
Fund (including any Qualified Substitute Mortgage Loans), the Mortgage
Loans so
transferred, assigned and held being identified in the Mortgage Loan Schedule.
As used herein, the term “Mortgage Loan” includes the related Mortgage Note and
Mortgage.
“Mortgage
Loan Purchase Agreement”: The Mortgage Loan Purchase Agreement dated as the
Cut-off Date, between Opteum Financial Services, LLC as sponsor, Opteum,
Inc. as
guarantor and the Depositor as purchaser, and all amendments thereof and
supplements thereto, a form of which is attached hereto as Exhibit
P.
“Mortgage
Loan Schedule”: As of any date of determination, the schedule of Mortgage Loans
included in the Trust Fund. The initial schedule of Mortgage Loans with
accompanying information transferred on the Closing Date to the Custodian
on
behalf of the Trustee as part of the Trust Fund for the Certificates, attached
hereto as Exhibit H (as amended from time to time to reflect the addition
of
Qualified Substitute Mortgage Loans) (and, for purposes of the Custodian
on
behalf of the Trustee pursuant to Section 2.02, in computer-readable form
as delivered to the Trustee), which list shall set forth the following
information with respect to each Mortgage Loan:
(i) |
the
loan number;
|
(ii) |
the
city, state and zip code of the Mortgaged
Property;
|
(iii) |
the
original term to maturity;
|
(iv) |
the
original principal balance and the original Mortgage
Rate;
|
(v) |
the
first Distribution Date;
|
(vi) |
[reserved];
|
(vii) |
the
type of Mortgaged Property;
|
(viii) |
the
Monthly Payment in effect as of the Cut-off
Date;
|
(ix) |
the
principal balance as of the Cut-off
Date;
|
(x) |
the
Mortgage Rate as of the Cut-off
Date;
|
(xi) |
the
occupancy status;
|
(xii) |
the
purpose of the Mortgage Loan;
|
(xiii) |
the
Collateral Value of the Mortgaged
Property;
|
(xiv) |
the
original term to maturity;
|
(xv) |
the
paid-through date of the Mortgage
Loan;
|
(xvi) |
[reserved];
|
(xvii) |
the
Servicing Fee Rate;
|
(xviii) |
the
Net Mortgage Rate for such Mortgage
Loan;
|
(xix) |
whether
the Mortgage Loan is covered by a private mortgage insurance
policy or an
original certificate of private mortgage
insurance;
|
(xx) |
the
documentation type;
|
(xxi) |
the
type and term of the related Prepayment Charge, if
any;
|
(xxii) |
whether
such Mortgage Loan is a Lender-Paid Insured Loan and, if so,
the
Lender-Paid Primary Insurance Rate;
|
(xxiii) |
with
respect to each Adjustable Rate Mortgage
Loan.
|
(a) |
the
frequency of each adjustment date;
|
(b) |
the
next adjustment date;
|
(c) |
the
Maximum Mortgage Rate;
|
(d) |
the
Minimum Mortgage Rate;
|
(e) |
the
Mortgage Rate as of the Cut-off
Date;
|
(f) |
the
related Periodic Rate Cap;
|
(g) |
the
Gross Margin; and
|
(h) |
the
purpose of the Mortgage Loan.
|
“Mortgage
Note”: The note or other evidence of the indebtedness of a Mortgagor under a
Mortgage Loan.
“Mortgage
Rate”: With respect to any Mortgage Loan, the annual rate at which interest
accrues on such Mortgage Loan, as adjusted from time to time in accordance
with
the provisions of the Mortgage Note.
“Mortgaged
Property”: The underlying property securing a Mortgage Loan.
“Mortgagor”:
The obligor or obligors on a Mortgage Note.
“Net
Liquidation Proceeds”: With respect to any Liquidated Mortgage Loan or any other
disposition of related Mortgaged Property (including REO Property) the
related
Liquidation Proceeds net of Advances, Servicing Advances, Servicing Fees
and any
other accrued and unpaid servicing fees received and retained in connection
with
the liquidation of such Mortgage Loan or Mortgaged Property.
“Net
Monthly Excess Cashflow”: For any Distribution Date, the excess of (x) the
Available Distribution Amount for such Distribution Date over (y) the sum
for
such Distribution Date of (A) the aggregate Accrued Certificate Interest
for the
Class A Certificates and Class M Certificates, (B) the aggregate Interest
Carry
Forward Amount for the Class A Certificates and (C) the Principal Remittance
Amount.
“Net
Mortgage Rate”: With respect to each Mortgage Loan Due Date, a per annum rate of
interest equal to the then-applicable Mortgage Rate on such Mortgage Loan
less
the sum of (i) the Servicing Fee Rate, (ii) the Master Servicing Fee Rate
and
(iii) with respect to the related Lender-Paid Insured Loans, the Lender-Paid
Primary Insurance Rate.
“Net
Prepayment Interest Shortfall”: With respect to any Distribution Date, the
excess, if any, of any Prepayment Interest Shortfalls for such date over
the
Compensating Interest.
“Net
Swap
Payment”: With respect to each Distribution Date, the net payment required to be
made pursuant to the terms of the Swap Agreement by either the Swap Provider
or
the Supplemental Interest Trust, which net payment shall not take into
account
any Swap Termination Payment.
“Net
WAC
Rate”: With respect to any Distribution Date, a per annum rate (adjusted to
an
effective rate reflecting the accrual of interest on an actual/360 basis)
equal
to the excess, if any, of (A) the weighted average of the Net Mortgage
Rates of
the Mortgage Loans as of the first day of the calendar month preceding
the month
in which the Distribution Date occurs; over (B) the sum of (1) a per annum
rate
equal to the Net Swap Payment payable to the Swap Provider on such Distribution
Date, and (2) a per annum rate equal to any Swap Termination Payment (not
due to
a Swap Provider Trigger Event) payable to the Swap Provider on such Distribution
Date, divided by the outstanding Stated Principal Balance of the Mortgage
Loans
as of the first day of the calendar month preceding the month in which
the
Distribution Date occurs and multiplied by 12. With respect to any Distribution
Date and the REMIC 3 Regular Interests the ownership of which is represented
by
the Class A Certificates and Class M Certificates, the weighted average
(adjusted for the actual number of days elapsed in the related Accrual
Period)
of the Uncertificated REMIC 2 Pass-Through Rate on the REMIC 2 Regular
Interests
(other than REMIC 2 Regular Interest LT-IO and REMIC 2 Regular Interest
LT-P),
weighted on the basis of the Uncertificated Principal Balance of each such
REMIC
2 Regular Interest immediately prior to such Distribution Date.
“Nonrecoverable
Advance”: Any Advance or Servicing Advance previously made or proposed to be
made in respect of a Mortgage Loan which, in the good faith judgment of
the
Servicer or the Master Servicer, will not or, in the case of a proposed
Advance
or Servicing Advance, would not be ultimately recoverable from related
Late
Collections, Insurance Proceeds, Liquidation Proceeds or REO Proceeds.
The
determination by the Servicer or the Master Servicer that it has made a
Nonrecoverable Advance or that any proposed Advance or Servicing Advance
would
constitute a Nonrecoverable Advance, shall be evidenced by a certificate
of a
Servicing Officer delivered, in the case of the Servicer, to the Depositor
and
the Master Servicer, and in the case of the Master Servicer, to the Depositor
and the Trustee.
“Non-United
States Person”: Any Person other than a United States Person.
“Notional
Amount”: With respect to the Class C Certificates, immediately prior to any
Distribution Date, the aggregate of the Uncertificated Principal Balances
of the
REMIC 2 Regular Interests, other than REMIC 2 Regular Interest
LT-P.
“Offered
Certificates”: The Class A Certificates and Class M Certificates (except for the
Class M-10 Certificates).
“Officers’
Certificate”: A certificate signed by the Chairman of the Board, the Vice
Chairman of the Board, the President or a vice president and by the Treasurer,
the Secretary, or one of the assistant treasurers or assistant secretaries
of
the Depositor, the Sponsor, the Master Servicer or of any Subservicer and
delivered to the Depositor and Trustee.
“Opinion
of Counsel”: A written opinion of counsel, who may be counsel for the Depositor,
the Sponsor, or the Master Servicer, reasonably acceptable to the Trustee
and
Securities Administrator; except that any opinion of counsel relating to
(a) the
qualification of any account required to be maintained pursuant to this
Agreement as an Eligible Account, (b) the qualification of each REMIC as
a
REMIC, (c) compliance with the REMIC Provisions or (d) resignation of the
Master
Servicer pursuant to Section 6.04 must be an opinion of counsel who (i) is
in fact independent of the Depositor and the Master Servicer, (ii) does
not have
any direct financial interest or any material indirect financial interest
in the
Depositor or the Master Servicer or in an affiliate of either and (iii)
is not
connected with the Depositor or the Master Servicer as an officer, employee,
director or person performing similar functions.
“Optional
Termination Date”: A Distribution Date on or following the first Distribution
Date on which the Aggregate Stated Principal Balance of the Mortgage Loans,
and
properties acquired in respect thereof, remaining in the Trust
Fund
has been
reduced to less than or equal to 10% of the Aggregate Stated Principal
Balance
of the Mortgage Loans as of the Cut-off Date.
“OTS”:
Office of Thrift Supervision or any successor.
“Outstanding
Mortgage Loan”: As to any Due Date, a Mortgage Loan (including an REO Property)
which was not the subject of a Principal Prepayment in Full, Cash Liquidation
or
REO Disposition and which was not purchased prior to such Due Date pursuant
to
Sections 2.02, 2.04 or 3.14.
“Overcollateralization
Deficiency Amount”: With respect to any Distribution Date, the amount, if any,
by which the Overcollateralization Target Amount exceeds the Overcollateralized
Amount (calculated for the purpose of this definition only, solely after
giving
effect to distributions in respect of the Principal Remittance Amount on
such
Distribution Date) on such Distribution Date.
“Overcollateralization
Floor Amount”: An amount equal to approximately 0.50% of the Aggregate Stated
Principal Balance of the Mortgage Loans as of the Cut-off Date.
“Overcollateralization
Release Amount”: With respect to any Distribution Date, the lesser of (x) the
Principal Remittance Amount for such Distribution Date and (y) the excess,
if
any, of (i) the Overcollateralized Amount (after giving effect to distributions
in respect of the Principal Remittance Amount to be made on such Distribution
Date) for such Distribution Date over (ii) the Overcollateralization Target
Amount for such Distribution Date.
“Overcollateralization
Target Amount”: With respect to any Distribution Date, (a) prior to the Stepdown
Date, approximately 0.75% of the Aggregate Stated Principal Balance of
the
Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date
and if
a Trigger Event is not in effect, the greater of (i) 1.50% of the then
current
Aggregate Stated Principal Balance of the Mortgage Loans as of the last
day of
the related Due Period and (ii) the Overcollateralization Floor Amount
or (c) on
or after the Stepdown Date and if a Trigger Event is in effect, the
Overcollateralization Target Amount for the immediately preceding Distribution
Date. Notwithstanding the foregoing, on and after any Distribution Date
following the reduction of the aggregate Certificate Principal Balance
of the
Class A Certificates and the Class M Certificates to zero, the
Overcollateralization Target Amount shall be zero.
“Overcollateralized
Amount”: With respect to any Distribution Date, the amount, if any, by which (i)
the Aggregate Stated Principal Balance of the Mortgage Loans (after giving
effect to scheduled payments of principal due during the related Due Period,
to
the extent received or advanced, and unscheduled collections of principal
received during the related Prepayment Period and any Realized Losses on
the
Mortgage Loans) exceeds (ii) the aggregate Certificate Principal Balance
of the
Class A, Class M and Class P Certificates as of such Distribution Date
(after
giving effect to distributions on such Distribution Date).
“Ownership
Interest”: As to any Certificate, any ownership or security interest in such
Certificate, including any interest in such Certificate as the Holder thereof
and any other interest therein, whether direct or indirect, legal or beneficial,
as owner or as pledgee.
“Pass-Through
Rate”: With respect to each Distribution Date and each class of the Class A
Certificates and the Class M Certificates, a floating rate equal to the
lesser
of (i) One-Month LIBOR plus the related Certificate Margin, and (ii) the
Net WAC
Rate with respect to such Distribution Date.
With
respect to any Distribution Date and the Class C Certificates, a per annum
rate
equal to the percentage equivalent of a fraction, the numerator of which
is (x)
the sum of the amounts calculated pursuant to clauses (1) through (17)
below,
and the denominator of which is (y) the aggregate of the Uncertificated
Principal Balances of the REMIC 2 Regular Interests (other than REMIC 1
Regular
Interests LT-P and LT-IO). For purposes of calculating the Pass-Through
Rate for
the Class C Certificates, the numerator is equal to the sum of the following
components:
1. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-AA
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-AA;
2. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-A1A
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-A1A;
3. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-A1B
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-A1B;
4. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-A1C
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-A1C;
5. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-A2
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-A2;
6. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-M1
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-M1;
7. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-M2
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-M2;
8. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-M3
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-M3;
9. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-M4
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-M4;
10. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-M5
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-M5;
11. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-M6
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-M6;
12. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-M7
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-M7;
13. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-M8
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-M8;
14. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-M9
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-M9;
15. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-M10
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-M10;
16. the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-ZZ
minus the Marker Rate, applied to an amount equal to the Uncertificated
Principal Balance of REMIC 2 Regular Interest LT-ZZ; and
17. 100%
of
the interest on REMIC 2 Regular Interest LT-P.
The
Class
P Certificates and Class R Certificates will not accrue interest and therefore
will not have a Pass-Through Rate.
“Percentage
Interest”: With respect to any Certificate (other than a Class R Certificate),
the undivided percentage ownership interest in the related Class evidenced
by
such Certificate, which percentage ownership interest shall be equal to
the
Initial Certificate Principal Balance thereof or Initial Notional Amount,
as
applicable, thereof divided by the aggregate Initial Certificate Principal
Balance or Initial Notional Amount, as applicable, of all of the Certificates
of
the same Class. With respect to any Class R Certificate, the interest in
distributions to be made with respect to such Class evidenced thereby,
expressed
as a percentage, as stated on the face of each such Certificate.
“Permitted
Investment”: One or more of the following:
(i) obligations
of or guaranteed as to principal and interest by the United States or any
agency
or instrumentality thereof when such obligations are backed by the full
faith
and credit of the United States;
(ii) repurchase
agreements on obligations specified in clause (i) maturing not more than
one
month from the date of acquisition thereof, provided that the unsecured
obligations of the party agreeing to repurchase such obligations are at
the time
rated by each Rating Agency in its highest short-term rating available,
provided, however, that such repurchase agreements are treated as financings
under generally accepted accounting principles (“GAAP”);
(iii) federal
funds, certificates of deposit, demand deposits, time deposits and bankers’
acceptances (which shall each have an original maturity of not more than
90 days
and, in the case of bankers’ acceptances, shall in no event have an original
maturity of more than 365 days or a remaining maturity of more than 30
days)
denominated in United States dollars of any U.S. depository institution
or trust
company incorporated under the laws of the United States or any state thereof
or
of any domestic branch of a foreign depository institution or trust company;
provided that the debt obligations of such depository institution or trust
company (or, if the only Rating Agency is Standard & Poor’s, in the case of
the principal depository institution in a depository institution holding
company, debt obligations of the depository institution holding company)
at the
date of acquisition thereof have been rated by each Rating Agency in its
highest
short-term rating available; and provided further that, if the only Rating
Agency is Standard & Poor’s and if the depository or trust company is a
principal subsidiary of a bank holding company and the debt obligations
of such
subsidiary are not separately rated, the applicable rating shall be that
of the
bank holding company; and, provided further that, if the original maturity
of
such short-term obligations of a domestic branch of a foreign depository
institution or trust company shall exceed 30 days, the short-term rating
of such
institution shall be A-1+ in the case of Standard & Poor’s if Standard &
Poor’s is the Rating Agency;
(iv) commercial
paper (having original maturities of not more than 365 days) of any corporation
incorporated under the laws of the United States or any state thereof which
on
the date of acquisition has been rated by Moody’s and Standard & Poor’s in
their highest short-term ratings available; provided that such commercial
paper
shall have a remaining maturity of not more than 30 days;
(v) a
money
market fund or a qualified investment fund rated by Moody’s in its highest
long-term ratings available and rated AAAm or AAAm-G by Standard & Poor’s,
including any such funds for which Xxxxx Fargo Bank, N.A. or any affiliate
thereof serves as an investment advisor, manager, administrator, shareholder,
servicing agent, and/or custodian or sub-custodian; provided that such
obligations are not inconsistent with the definition of assets which may
be held
by a “qualified special purpose entity” as described in paragraph 35(c)(6) of
Financial Accounting Standards Number 140; and
(vi) other
obligations or securities that are acceptable to each Rating Agency as
a
Permitted Investment hereunder and will not reduce the rating assigned
to any
Class of Certificates by such Rating Agency below the lower of the then-current
rating or the rating assigned to such Certificates as of the Closing Date
by
such Rating Agency, as evidenced in writing; provided that such obligations
are
not inconsistent with the definition of assets which may be held by a “qualified
special purpose entity” as described in paragraph 35(c)(6) of Financial
Accounting Standards Number 140;
provided,
however,
that no
instrument shall be a Permitted Investment if it represents, either (1)
the
right to receive only interest payments with respect to the underlying
debt
instrument or (2) the right to receive both principal and interest payments
derived from obligations underlying such instrument and the principal and
interest payments with respect to such instrument provide a yield to maturity
greater than 120% of the yield to maturity at par of such underlying
obligations.
To
the
extent that the Securities Administrator receives any materials in connection
with the holding of any Permitted Investment which require the holder to
vote,
the Securities Administrator shall not exercise its voting rights.
Permitted
Investments shall not be sold prior to maturity, except that a money market
fund
or qualified investment fund may be liquidated at any time.
“Permitted
Transferee”: Any transferee of a Residual Certificate other than a Disqualified
Organization, a Non-United States Person or an “electing large partnership” (as
defined in Section 775 of the Code).
“Person”:
Any individual, corporation, partnership, limited liability company, joint
venture, association, joint-stock company, trust, unincorporated organization
or
government or any agency or political subdivision thereof.
“Prepayment
Assumption”: As defined in the Prospectus Supplement.
“Prepayment
Charge”: With respect to any Mortgage Loan, the charges, penalties or premiums,
if any, due in connection with a full or partial prepayment of such Mortgage
Loan in accordance with the terms of the related Mortgage Note (or any
rider or
annex thereto), or any amounts in respect thereof paid by the Sponsor in
accordance with the Mortgage Loan Purchase Agreement or the Servicer in
accordance with the Servicing Agreement.
“Prepayment
Interest Excess”: With respect to any Distribution Date, for each Mortgage Loan
that was the subject of a Principal Prepayment in Full during the period
from
the related Due Date to the end of the related Prepayment Period, any payment
of
interest received in connection therewith (net of any applicable Servicing
Fee)
representing interest accrued for any portion of such month of
receipt.
“Prepayment
Interest Shortfall”: As to any Distribution Date and any Mortgage Loan (other
than a Mortgage Loan relating to an REO Property) that was the subject
of (a) a
Principal Prepayment in Full during the related Prepayment Period, an amount
equal to the excess of one month’s interest at the Net Mortgage Rate on the
Stated Principal Balance of such Mortgage Loan over the amount of interest
(adjusted to the Net Mortgage Rate) paid by the Mortgagor for such Prepayment
Period to the date of such Principal Prepayment in Full or (b) a Curtailment
during the prior calendar month, an amount equal to one month’s interest at the
Mortgage Rate on the amount of such Curtailment.
“Prepayment
Period”: With respect to each Distribution Date and any full Principal
Prepayments on the Mortgage Loans, the 16th of the calendar month immediately
preceding the month in which the related Servicer Remittance Date occurs
(or
with respect to the first Distribution Date, the period from June 1, 2006)
to
the 15th of the calendar month in which the related Distribution Date occurs.
With respect to each Distribution Date and any partial Principal Prepayments
on
the Mortgage Loans, the calendar month immediately preceding the month
in which
the related Servicer Remittance Date occurs.
“Primary
Hazard Insurance Policy”: Each primary hazard insurance policy required to be
maintained pursuant to Section 3.13.
“Primary
Insurance Policy”: Any primary policy of mortgage guaranty insurance including
the Lender-Paid Primary Insurance Policy or any replacement policy
therefor.
“Principal
Distribution Amount”: With respect to any Distribution Date, an amount equal to
the sum of the Basic Principal Distribution Amount plus the Extra Principal
Distribution Amount.
“Principal
Prepayment”: Any payment of principal made by the Mortgagor on a Mortgage Loan
which is received in advance of its scheduled Due Date and which is not
accompanied by an amount of interest representing scheduled interest due
on any
date or dates in any month or months subsequent to the month of
prepayment.
“Principal
Prepayment in Full”: Any Principal Prepayment made by a Mortgagor of the entire
unpaid principal balance of the Mortgage Loan.
“Principal
Remittance Amount”: With respect to any Distribution Date, the sum (net of any
amounts due the Servicer or Master Servicer and any Net Swap Payment or
Swap
Termination Payment (not due to a Swap Provider Trigger Event) deposited
in the
Supplemental Interest Trust for payment to the Swap Provider on such
Distribution Date (to the extent not paid from interest collections)) of
(i)
each scheduled payment of principal collected or advanced on the Mortgage
Loans
by the Servicer or Master Servicer that was due during the related Due
Period,
(ii) the principal portion of all partial and full Principal Prepayments
of the
Mortgage Loans applied by the Servicer or Master Servicer during the related
Prepayment Period, (iii) the principal portion of all Net Liquidation Proceeds,
REO Proceeds, Insurance Proceeds and Subsequent Recoveries received during
the
related Prepayment Period, (iv) the principal portion of proceeds of Mortgage
Loan purchases made pursuant to Section 2.02, 2.04 or 3.06, in each case
received or made during the related Prepayment Period, (v) the principal
portion
of any related Substitution Adjustments deposited in the Custodial Account
during the related Prepayment Period, and (vi) on the Distribution Date
on which
the Trust Fund is to be terminated pursuant to Section 9.01, the principal
portion of the termination price received from the Servicer or the Master
Servicer, as applicable, in connection with a termination of the Trust
Fund to
occur on such Distribution Date.
“Prospectus
Supplement”: That certain Prospectus Supplement dated June 21, 2006, relating to
the public offering of the Offered Certificates.
“Protected
Account”: An account established and maintained for the benefit of
Certificateholders by the Servicer with respect to the related Mortgage
Loans
and with respect to REO Property pursuant to the Servicing
Agreement.
“Purchase
Price”: With respect to any Mortgage Loan (or REO Property) required to be
purchased pursuant to Section 2.02, 2.04, 3.06 or 3.26, an amount equal to
the sum of (i) 100% of the Stated Principal Balance thereof, (ii) unpaid
accrued
interest (or REO Imputed Interest) at the applicable Net Mortgage Rate
on the
Stated Principal Balance thereof outstanding during each Due Period that
such
interest was not paid or advanced, from the date through which interest
was last
paid by the Mortgagor or advanced and distributed to Certificateholders
together
with unpaid Servicing Fees and, if such Mortgage Loan is a Lender-Paid
Insured
Loan, the premium payable at the Lender-Paid Primary Insurance Rate, from
the
date through which interest was last paid by the Mortgagor, in each case
to the
first day of the month in which such Purchase Price is to be distributed,
plus
(iii) the aggregate of all Advances and Servicing Advances made in respect
thereof that were not previously reimbursed and (iv) costs and damages
incurred
by the Trust Fund in connection with a repurchase pursuant to Section 2.04
hereof that arises out of a violation of any anti-predatory lending law
which
also constitutes an actual breach of representations (xxxii), (xxxiii),
(xxxiv),
(xxxv), (xxxvi) or (xxxviii) of Section 3.1(b) of the Mortgage Loan
Purchase Agreement.
“Qualified
Insurer”: Any insurance company duly qualified as such under the laws of the
state or states in which the related Mortgaged Property or Mortgaged Properties
is or are located, duly authorized and licensed in such state or states
to
transact the type of insurance business in which it is engaged and approved
as
an insurer by the Master Servicer, so long as the claims paying ability
of which
is acceptable to the Rating Agencies for pass-through certificates having
the
same rating as the Certificates rated by the Rating Agencies as of the
Closing
Date.
“Qualified
Substitute Mortgage Loan”: A Mortgage Loan substituted by the Depositor for a
Deleted Mortgage Loan which must, on the date of such substitution, as
confirmed
in an Officers’ Certificate of the Sponsor delivered to the Trustee, (i) have an
outstanding principal balance, after deduction of the principal portion
of the
monthly payment due in the month of substitution (or in the case of a
substitution of more than one Mortgage Loan for a Deleted Mortgage Loan,
an
aggregate outstanding principal balance, after such deduction), not in
excess of
the Stated Principal Balance of the Deleted Mortgage Loan (the amount of
any
shortfall to be paid to the Master Servicer for deposit in the Custodial
Account
in the month of substitution); (ii) have a Mortgage Rate and a Net Mortgage
Rate
no lower than and not more than 1% per annum higher than the Mortgage Rate
and
Net Mortgage Rate, respectively, of the Deleted Mortgage Loan as of the
date of
substitution; (iii) have a Loan-to-Value Ratio at the time of substitution
no
higher than that of the Deleted Mortgage Loan at the time of substitution;
(iv)
have a remaining term to stated maturity not greater than (and not more
than one
year less than) that of the Deleted Mortgage Loan; (v) comply with each
representation and warranty set forth in Section 2.04 hereof; and, (vi)
comply with each non-statistical representation and warranty set forth
in the
Mortgage Loan Purchase Agreement.
“Rating
Agency”: Standard & Poor’s and Moody’s and each of their successors. If such
agencies and their successors are no longer in existence, “Rating Agency” shall
be such nationally recognized statistical rating agency, or other comparable
Person, designated by the Depositor, notice of which designation shall
be given
to the Trustee, the Securities Administrator and Master Servicer. References
herein to the two highest long term debt ratings of a Rating Agency shall
mean
“AA” or better in the case of Standard & Poor’s and “Aa2” or better in the
case of Moody’s and references herein to the two highest short-term debt ratings
of a Rating Agency shall mean “A-1+” in the case of Standard & Poor’s and
“P-1” in the case of Moody’s, and in the case of any other Rating Agency such
references shall mean such rating categories without regard to any plus
or
minus.
“Realized
Loss”: With respect to each Mortgage Loan or REO Property as to which a Cash
Liquidation or REO Disposition has occurred, an amount (not less than zero)
equal to (i) the Stated Principal Balance of the Mortgage Loan as of the
date of
Cash Liquidation or REO Disposition, plus (ii) interest (and REO Imputed
Interest, if any) at the Net Mortgage Rate from the Due Date as to which
interest was last paid or advanced to Certificateholders up to the date
of the
Cash Liquidation or REO Disposition on the Stated Principal Balance of
such
Mortgage Loan outstanding during each Due Period that such interest was
not paid
or advanced, minus (iii) the proceeds, if any, received during the month
in
which such Cash Liquidation or REO Disposition occurred, to the extent
applied
as recoveries of interest at the Net Mortgage Rate and to principal of
the
Mortgage Loan, net of the portion thereof reimbursable to the Master Servicer
or
the Servicer with respect to related Advances or Servicing Advances not
previously reimbursed. With respect to each Mortgage Loan which has become
the
subject of a Deficient Valuation, the difference between the principal
balance
of the Mortgage Loan outstanding immediately prior to such Deficient Valuation
and the principal balance of the Mortgage Loan as reduced by the Deficient
Valuation. In addition, to the extent the Servicer or Master Servicer receives
Subsequent Recoveries with respect to any Mortgage Loan, the amount of
the
Realized Loss with respect to that Mortgage Loan will be reduced to the
extent
such recoveries are applied to reduce the Certificate Principal Balance
of any
Class of Certificates on any Distribution Date.
“Record
Date”: With respect to any Book-Entry Certificates and any Distribution Date,
the close of business on the Business Day immediately preceding such
Distribution Date. With respect to any Certificates that are not Book-Entry
Certificates, the close of business on the last Business Day of the calendar
month preceding such Distribution Date.
“Regular
Certificate”: Any of the Certificates other than a Residual
Certificate.
“Regular
Interest”: A “regular interest” in a REMIC within the meaning of
Section 860G(a)(1) of the Code.
“Regulation
AB”:
Asset
Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be
amended from time to time, and subject to such clarification and interpretation
as have been provided by the Commission in the adopting release (Asset-Backed
Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531
(Jan.
7, 2005)) or by the staff of the Commission, or as may be provided by the
Commission or its staff from time to time.
“Relief
Act”: The Servicemembers Civil Relief Act, f/k/a Soldiers’ and Sailors’ Civil
Relief Act of 1940, as amended.
“Relief
Act Interest Shortfall”: With respect to any Distribution Date, for any Mortgage
Loan with respect to which there has been a reduction in the amount of
interest
collectible thereon for the most recently ended Due Period as a result
of the
application of the Relief Act, the amount by which (i) interest collectible
on
such Mortgage Loan during such Due Period is less than (ii) one month’s interest
on the Principal Balance of such Mortgage Loan at the Loan Rate for such
Mortgage Loan before giving effect to the application of the Relief
Act.
“REMIC”:
A “real estate mortgage investment conduit” within the meaning of
Section 860D of the Code.
“REMIC
1”: The segregated pool of assets subject hereto (exclusive of the Basis
Risk
Shortfall Reserve Fund and the Supplemental Interest Trust) with respect
to
which a REMIC election is to be made, conveyed in trust to the Trustee,
for the
benefit of the Holders of the REMIC 1 Regular Interests and the Holders
of the
Class R Certificates (as holders of the Class R-1 Interest), consisting
of: (i)
each Mortgage Loan (exclusive of payments of principal and interest due
on or
before the Cut-off Date, if any, received by the Master Servicer which
shall not
constitute an asset of the Trust Fund) as from time to time are subject
to this
Agreement and all payments under and proceeds of such Mortgage Loans (exclusive
of any prepayment fees and late payment charges received on the Mortgage
Loans),
together with all documents included in the related Mortgage File, subject
to
Section 2.01; (ii) such funds or assets as from time to time are deposited
in the Custodial Account or the Certificate Account and belonging to the
Trust
Fund; (iii) any REO Property; (iv) the Primary Hazard Insurance Policies,
if
any, the Primary Insurance Policies, if any, and all other Insurance Policies
with respect to the Mortgage Loans; and (v) the Depositor’s interest in respect
of the representations and warranties made by the Sponsor in the Mortgage
Loan
Purchase Agreement as assigned to the Trustee pursuant to Section 2.04
hereof. REMIC 1 specifically does not include the Basis Risk Shortfall
Reserve
Fund and the Supplemental Interest Trust.
“REMIC
1
Regular Interests”: REMIC 1 Regular Interest I, REMIC 1 Regular Interest P and
REMIC 1 Regular Interest I-1-A through REMIC 1 Regular Interest I-50-B
as
designated in the Preliminary Statement hereto.
“REMIC
1
Regular Interest”: Any of the separate non-certificated beneficial ownership
interests in REMIC I issued hereunder and designated as a “regular interest” in
REMIC 1. Each REMIC 1 Regular Interest shall accrue interest at the related
Uncertificated REMIC 1 Pass-Through Rate in effect from time to time, and
shall
be entitled to distributions of principal, subject to the terms and conditions
hereof, in an aggregate amount equal to its initial Uncertificated Principal
Balance as set forth in the Preliminary Statement hereto. The designations
for
the respective REMIC 1 Regular Interests are set forth in the Preliminary
Statement hereto.
“REMIC
2”: The segregated pool of assets consisting of all of the REMIC 1 Regular
Interests conveyed in trust to the Trustee, for the benefit of the Holders
of
the REMIC 2 Regular Interests and the Holders of the Class R (as holders
of the
Class R-2 Interest), pursuant to Article II hereunder, and all amounts
deposited
therein, with respect to which a separate REMIC election is to be
made.
“REMIC
2
Interest Loss Allocation Amount”: With respect to any Distribution Date, an
amount equal to (a) the product of (i) the aggregate Principal Balance
of the
Mortgage Loans and related REO Properties then outstanding and (ii) the
Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT-AA
minus the Marker Rate, divided by (b) 12.
“REMIC
2
Overcollateralized Amount”: With respect to any date of determination, (i) 1% of
the aggregate Uncertificated Principal Balances of REMIC 2 Regular Interest
LT-AA, REMIC 2 Regular Interest LT-A1A, REMIC 2 Regular Interest LT-A1B,
REMIC 2
Regular Interest LT-A1C, REMIC 2 Regular Interest LT-A2, REMIC 2 Regular
Interest LT-M1, REMIC 2 Regular Interest LT-M2, REMIC 2 Regular Interest
LT-M3,
REMIC 2 Regular Interest LT-M4, REMIC 2 Regular Interest LT-M5, REMIC 2
Regular
Interest LT-M6, REMIC 2 Regular Interest LT-M7, REMIC 2 Regular Interest
LT-M8,
REMIC 2 Regular Interest LT-M9, REMIC 2 Regular Interest LT-M10, REMIC
2 Regular
Interest LT-ZZ and REMIC 2 Regular Interest LT-P, minus (ii) the aggregate
of
the Uncertificated Principal Balances of REMIC 2 Regular Interest LT-A1A,
REMIC
2 Regular Interest LT-A1B, REMIC 2 Regular Interest LT-A1C, REMIC 2 Regular
Interest LT-A2, REMIC 2 Regular Interest LT-M1, REMIC 2 Regular Interest
LT-M2,
REMIC 2 Regular Interest LT-M3, REMIC 2 Regular Interest LT-M4, REMIC 2
Regular
Interest LT-M5, REMIC 2 Regular Interest LT-M6, REMIC 2 Regular Interest
LT-M7,
REMIC 2 Regular Interest LT-M8, REMIC 2 Regular Interest LT-M9, REMIC 2
Regular
Interest LT-M10 and REMIC 2 Regular Interest LT-P, in each case as of such
date
of determination.
“REMIC
2
Principal Loss Allocation Amount”: With respect to any Distribution Date and the
Mortgage Loans, an amount equal to (a) the product of (i) 50% of the aggregate
Principal Balance of the Mortgage Loans and related REO Properties then
outstanding and (ii) 1 minus a fraction, the numerator of which is two
times the
aggregate of the Uncertificated Principal Balances of REMIC 2 Regular Interest
LT-A1A, REMIC 2 Regular Interest LT-A1B, REMIC 2 Regular Interest LT-A1C,
REMIC
2 Regular Interest LT-A2, REMIC 2 Regular Interest LT-M1, REMIC 2 Regular
Interest LT-M2, REMIC 2 Regular Interest LT-M3, REMIC 2 Regular Interest
LT-M4,
REMIC 2 Regular Interest LT-M5, REMIC 2 Regular Interest LT-M6, REMIC 2
Regular
Interest LT-M7, REMIC 2 Regular Interest LT-M8, REMIC 2 Regular Interest
LT-M9
and REMIC 2 Regular Interest LT-M10 and the denominator of which is the
aggregate of the Uncertificated Principal Balances of REMIC 2 Regular Interest
LT-A1A, REMIC 2 Regular Interest LT-A1B, REMIC 2 Regular Interest LT-A1C,
REMIC
2 Regular Interest LT-A2, REMIC 2 Regular Interest LT-M1, REMIC 2 Regular
Interest LT-M2, REMIC 2 Regular Interest LT-M3, REMIC 2 Regular Interest
LT-M4,
REMIC 2 Regular Interest LT-M5, REMIC 2 Regular Interest LT-M6, REMIC 2
Regular
Interest LT-M7, REMIC 2 Regular Interest LT-M8, REMIC 2 Regular Interest
LT-M9,
REMIC 2 Regular Interest LT-M10 and REMIC 2 Regular Interest LT-ZZ.
“REMIC
2
Overcollateralization Target Amount”: 1.00% of the Overcollateralization Target
Amount.
“REMIC
2
Regular Interests”: Any one of the separate non-certificated beneficial
ownership interests in REMIC 2 issued hereunder and designated as a “regular
interest” in REMIC 2 and identified in the Preliminary Statement. Each REMIC 2
Regular Interest shall accrue interest at the related Uncertificated REMIC
2
Pass-Through Rate in effect from time to time, and shall be entitled to
distributions of principal (other than REMIC 2 Regular Interest LT-IO),
subject
to the terms and conditions hereof, in an aggregate amount equal to its
initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto. REMIC 2 Regular Interest LT-P shall also be entitled to any Prepayment
Charges received by the Trust Fund.
“REMIC
3”: The segregated pool of assets consisting of all of the REMIC 2 Regular
Interests conveyed in trust to the Trustee, for the benefit of the Holders
of
the Regular Certificates, Class IO Interest and the Holders of the Class
R
Certificates (as holders of the Class R-3 Interest), pursuant to Article
II
hereunder, and all amounts deposited therein, with respect to which a separate
REMIC election is to be made.
“REMIC
3
Regular Interest”: The Class IO Interest and any “regular interest” in REMIC 3
the ownership of which is represented by a Class A Certificate or Class
M
Certificate.
“REMIC
Provisions”: Provisions of the federal income tax law relating to real estate
mortgage investment conduits, which appear at Sections 860A through 860G
of
Subchapter M of Chapter 1 of the Code, and related provisions, and proposed,
temporary and final regulations and published rulings, notices and announcements
promulgated thereunder, as the foregoing may be in effect from time to
time.
“REMIC
Regular Interest”: A REMIC 1 Regular Interest, REMIC 2 Regular Interest or REMIC
3 Regular Interest.
“Remittance
Report”: A report prepared by the Master Servicer (and delivered to the
Securities Administrator) providing the information set forth in Exhibit
E
attached hereto.
“REO
Acquisition”: The acquisition by the Servicer on behalf of the Trust Fund for
the benefit of the Certificateholders of any REO Property pursuant to
Section 3.15.
“REO
Disposition”: The receipt by the Servicer of Insurance Proceeds, Liquidation
Proceeds, Subsequent Recoveries and other payments and recoveries (including
proceeds of a final sale) which the Servicer expects to be finally recoverable
from the sale or other disposition of the REO Property.
“REO
Imputed Interest”: As to any REO Property, for any period, an amount equivalent
to interest (at the Mortgage Rate that would have been applicable to the
related
Mortgage Loan had it been outstanding) on the unpaid principal balance
of the
Mortgage Loan as of the date of acquisition thereof (as such balance is
reduced
pursuant to Section 3.15 by any income from the REO Property treated as a
recovery of principal).
“REO
Proceeds”: Proceeds, net of directly related expenses, received in respect of
any REO Property (including, without limitation, proceeds from the rental
of the
related Mortgaged Property and of any REO Disposition), which proceeds
are
required to be deposited into the Custodial Account as and when
received.
“REO
Property”: A Mortgaged Property acquired by the Servicer on behalf of the Trust
Fund through foreclosure or deed-in-lieu of foreclosure in connection with
a
defaulted Mortgage Loan.
“Reportable
Event”: As defined in Section 3.23(a)(ii)(A).
“Request
for Release”: A release signed by a Servicing Officer, in the form of Exhibit F
attached hereto.
“Residual
Certificates”: The Class R Certificates.
“Residual
Interest”: The sole class of “residual interests” in a REMIC within the meaning
of Section 860G(a)(2) of the Code.
“Responsible
Officer”: When used with respect to the Trustee shall mean any officer within
the Corporate Trust Office of the Trustee with direct responsibility for
the
administration of this Agreement and also, with respect to a particular
matter,
any other officer of the Trustee to whom such matter is referred because
of such
officer’s knowledge of and familiarity with the particular subject. When used
with respect to the Securities Administrator shall mean any officer assigned
with direct responsibility for the administration of this Agreement and
also,
with respect to a particular matter, any other officer of the Securities
Administrator to whom such matter is referred because of such officer’s
knowledge of and familiarity with the particular subject.
“Xxxxxxxx-Xxxxx
Act”: The Xxxxxxxx-Xxxxx Act of 2002 and the rules and regulations of the
Commission promulgated thereunder (including any interpretations thereof
by the
Commission’s staff).
“Xxxxxxxx-Xxxxx
Certification”: A written certification signed by an officer of the Master
Servicer that complies with (i) the Xxxxxxxx-Xxxxx Act, and (ii) Exchange
Act
Rules 13a-14(d) and 15d-14(d), as in effect from time to time; provided
that if,
after the Closing Date (a) the Xxxxxxxx-Xxxxx Act is amended, (b) the Rules
referred to in clause (ii) are modified or superseded by any subsequent
statement, rule or regulation of the Commission or any statement of a division
thereof, or (c) any future releases, rules and regulations are published
by the
Commission from time to time pursuant to the Xxxxxxxx-Xxxxx Act, which
in any
such case affects the form or substance of the required certification and
results in the required certification being, in the reasonable judgment
of the
Master Servicer, materially more onerous that then form of the required
certification as of the Closing Date, the Xxxxxxxx-Xxxxx Certification
shall be
as agreed to by the Master Servicer and the Depositor following a negotiation
in
good faith to determine how to comply with any such new
requirements.
“Securities
Act”: The Securities Act of 1933, as amended, and the rules and regulations
thereunder.
“Securities
Administrator”: Xxxxx Fargo Bank, N.A., or its successor in interest, or any
successor securities administrator appointed as herein provided.
“Senior
Enhancement Percentage”: For any Distribution Date, the percentage obtained by
dividing (x) the sum of (i) the aggregate Certificate Principal Balance
of the
Class M Certificates prior to the distribution of the Principal Distribution
Amount on such Distribution Date and (ii) the Overcollateralization Amount,
by
(y) the Aggregate Stated Principal Balance of the Mortgage Loans after
giving
effect to distributions to be made on that Distribution Date.
“Servicer”:
Opteum Financial Services, LLC, or its successor in interest.
“Servicer
Remittance Date”:
The
21st day of any month, or if such 21st day is not a Business Day, the first
Business Day immediately preceding such 21st day. The first Remittance
Date
shall occur on July 21, 2006.
“Servicing
Advances”: All customary, reasonable and necessary “out of pocket” costs and
expenses incurred in connection with a default, delinquency or other
unanticipated event in the performance by the Master Servicer, the Servicer
or
any Subservicer of its servicing obligations, including, but not limited
to, the
cost of (i) the preservation, restoration and protection of a Mortgaged
Property, (ii) any enforcement or judicial proceedings, including foreclosures,
including any expenses incurred in relation to any such proceedings that
result
from the Mortgage Loan being registered on the MERS System, (iii) the management
and liquidation of any REO Property, including reasonable fees paid to
any
independent contractor in connection therewith, and (iv) compliance with
the
obligations under the second paragraph of Section 3.01, Section 3.09
and Section 3.13 (other than any deductible described in the last paragraph
thereof).
“Servicing
Agreement”: The Servicing Agreement dated March 27, 2006, between Xxxxx Fargo
Bank, N.A. as master servicer and Opteum Financial Services, LLC as seller
and
servicer, attached hereto as Exhibit M.
“Servicing
Criteria”: The “servicing criteria” set forth in Item 1122(d) of Regulation AB,
as such may be amended from time to time, or those Servicing Criteria otherwise
mutually agreed to by the Master Servicer and the Servicer in response
to
evolving interpretations of Regulation AB and incorporated into a revised
Exhibit Q.
“Servicing
Fee”: With respect to each Mortgage Loan, accrued interest at the Servicing
Fee
Rate with respect to the Mortgage Loan on the same principal balance on
which
interest on the Mortgage Loan accrues for the calendar month. The Servicing
Fee
consists of servicing and other related compensation payable to the Servicer
or
to the Master Servicer if the Master Servicer is directly servicing the
loan,
and includes any amount payable to any Subservicer by the Servicer.
“Servicing
Fee Rate”: With respect to each Mortgage Loan, the servicing fee rate set forth
in the Mortgage Loan Schedule. With respect to each adjustable rate Mortgage
Loan, the Servicing Fee Rate will equal 0.250% per annum; provided that,
on and
after the first interest rate adjustment date, for any such adjustable
rate
Mortgage Loan, that rate will equal 0.375% per annum.
“Servicing
Officer”: Any officer of the Master Servicer involved in, or responsible for,
the administration and servicing of the Mortgage Loans, whose name and
specimen
signature appear on a list of servicing officers furnished to the Trustee
by the
Master Servicer, as such list may from time to time be amended.
“Significance
Estimate”: With respect to any Distribution Date, and in accordance with Item
1115 of Regulation AB, shall be an amount determined based on the reasonable
good-faith estimate by the Sponsor or its affiliate of the aggregate maximum
probable exposure of the outstanding Certificates to the Swap Agreement.
“Significance
Percentage”: With respect to any Distribution Date, and in accordance with Item
1115 of Regulation AB, shall be a percentage equal to the Significance
Estimate
divided by the aggregate outstanding Certificate Principal Balance of the
Class
A Certificates and Class M Certificates, prior to the distribution of the
Principal Distribution Amount on such Distribution Date.
“Single
Certificate”: A Regular Certificate of any Class (other than a Class P
Certificate) evidencing an Initial Certificate Principal Balance or Initial
Notional Amount, as applicable, of $1,000, or, in the case of a Class P
Certificate, a Certificate of such Class evidencing an Initial Certificate
Principal Balance of $100.
“Sponsor”:
Opteum Financial Services, LLC, or its successor in interest.
“Standard
& Poor’s”: Standard & Poor’s, a division of The XxXxxx-Xxxx Companies,
Inc., or its successor in interest.
“Startup
Day”: The day designated as such pursuant to Article X hereof.
“Stated
Principal Balance”: With respect to any Mortgage Loan or related REO Property at
any given time, (i) the principal balance of the Mortgage Loan outstanding
as of
the Cut-off Date, after application of principal payments due on or before
such
date, whether or not received, minus (ii) the sum of (a) the principal
portion
of the Monthly Payments due with respect to such Mortgage Loan or REO Property
during each Due Period ending prior to the most recent Distribution Date
which
were received or with respect to which an Advance was made, and (b) all
Principal Prepayments with respect to such Mortgage Loan or REO Property,
and
all Insurance Proceeds, Liquidation Proceeds, Subsequent Recoveries and
REO
Proceeds to the extent applied by the Master Servicer as recoveries of
principal
in accordance with Section 3.15 with respect to such Mortgage Loan or REO
Property, which were distributed pursuant to Section 4.01 on any previous
Distribution Date, and (c) any Realized Loss with respect thereto allocated
pursuant to Section 4.07 for any previous Distribution Date.
“Step-Up
Date”: The first Distribution Date following the first possible Optional
Termination Date.
“Stepdown
Date”: The later to occur of (x) the Distribution Date occurring in July 2009
and (y) the first Distribution Date for which the Senior Enhancement Percentage
is greater than or equal to approximately 18.80%.
“Subservicer”:
Any Subservicer appointed by the Servicer pursuant to the Servicing Agreement.
Initially, the Subservicer shall be Cenlar.
“Subservicer
Remittance
Date”:
The
21st day of each month, or if such day is not a Business Day, the immediately
preceding Business Day.
“Subservicing
Agreement”: The written contract between the Servicer and a Subservicer and any
successor Subservicer relating to servicing and administration of certain
Mortgage Loans as provided in the Servicing Agreement.
“Subsequent
Recoveries”: As of any Distribution Date, amounts received by the Servicer or
Master Servicer (net of any related expenses permitted to be reimbursed
pursuant
to Section 4.02) or surplus amounts held by the Servicer or Master Servicer
to cover estimated expenses (including, but not limited to, recoveries
in
respect of the representations and warranties made by the Sponsor pursuant
to
the Mortgage Loan Purchase Agreement) specifically related to a Mortgage
Loan
that was the subject of a liquidation or final disposition of any REO Property
prior to the related Prepayment Period that resulted in a Realized
Loss.
“Substitution
Adjustment”: As defined in Section 2.04 hereof.
“Supplemental
Interest Trust”: The corpus of a trust created pursuant to Section 4.09 of
this Agreement and designated as the “Supplemental Interest Trust,” consisting
of the Swap Agreement, the Class IO Interest and the right to receive payments
in respect of the Class IO Distribution Amount. For the avoidance of doubt,
the
Supplemental Interest Trust does not constitute a part of the Trust
Fund.
“Swap
Agreement”: The interest rate swap agreement, dated June 26, 2006, between HSBC
Bank USA, National Association, as trustee on behalf of the Supplemental
Interest Trust, and the Swap Provider, which agreement provides for Net
Swap
Payments and Swap Termination Payments to be paid, as provided therein,
together
with any schedules, confirmations or other agreements relating thereto,
attached
hereto as Exhibit O.
“Swap
LIBOR”: LIBOR as determined pursuant to the Swap Agreement.
“Swap
Provider”: The swap provider under the Swap Agreement either (a) entitled to
receive payments from the Supplemental Interest Trust or (b) required to
make
payments to the Supplemental Interest Trust, in either case pursuant to
the
terms of the Swap Agreement, and any successor in interest or assign. Initially,
the Swap Provider shall be The Bank of New York.
“Swap
Provider Trigger Event”: A Swap Provider Trigger Event shall have occurred if
any of an Event of Default (under the Swap Agreement) with respect to which
the
Swap Provider is a Defaulting Party, a Termination Event (under the Swap
Agreement) with respect to which the Swap Provider is the sole Affected
Party or
an Additional Termination Event (under the Swap Agreement) with respect
to which
the Swap Provider is the sole Affected Party has occurred.
“Swap
Termination Payment”: Upon the designation of an “Early Termination Date” as
defined in the Swap Agreement, the payment to be made by the Supplemental
Interest Trust to the Swap Provider, or by the Swap Provider to the Supplemental
Interest Trust, as applicable, pursuant to the terms of the Swap
Agreement.
“Tax
Returns”: The federal income tax return on Internal Revenue Service Form 1066,
U.S. Real Estate Mortgage Investment Conduit Income Tax Return, including
Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC
Taxable Income or Net Loss Allocation, or any successor forms, to be filed
on
behalf of each REMIC due to their classification as REMICs under the REMIC
Provisions, together with any and all other information, reports or returns
that
may be required to be furnished to the Certificateholders or filed with
the
Internal Revenue Service or any other governmental taxing authority under
any
applicable provisions of federal, state or local tax laws.
“Transfer”:
Any direct or indirect transfer, sale, pledge, hypothecation or other form
of
assignment of any Ownership Interest in a Certificate.
“Transferor”:
Any Person who is disposing by Transfer of any Ownership Interest in a
Certificate.
“Trigger
Event”: A Trigger Event is in effect with respect to any Distribution Date
if:
(1)
the
six-month rolling average of the aggregate principal balance of Mortgage
Loans
that are 60 or more days Delinquent (including for this purpose any such
Mortgage Loans in foreclosure and Mortgage Loans with respect to which
the
related mortgaged property has been acquired by the trust) as of the close
of
business on the last day of the preceding calendar month equals or exceeds
37.25% of the Senior Enhancement Percentage; or
(2)
in
the
case of any Distribution Date after the 36th
Distribution Date, the cumulative amount of Realized Losses incurred on
the
Mortgage Loans from the Cut-off Date through the end of the calendar month
immediately preceding such Distribution Date exceeds the applicable percentage
set forth below of the Aggregate Stated Principal Balance of the Mortgage
Loans
as of the Cut-off Date:
July
2006 to June 2009
|
N/A
|
July
2009 to June 2010
|
0.65%
|
July
2010 to June 2011
|
1.15%
|
July
2011 to June 2012
|
1.65%
|
July
2012 and thereafter
|
1.95%
|
“Trust
Fund” or “Trust”: REMIC 1, REMIC 2, REMIC 3, the Basis Risk Shortfall Reserve
Fund, the Custodial Account and the Certificate Account.
“Trust
REMIC”: Any of REMIC 1, REMIC 2 or REMIC 3.
“Trustee”:
HSBC Bank USA, National Association, or its successor in interest, or any
successor trustee appointed as herein provided.
“Uncertificated
Accrued Interest”: With respect to each REMIC Regular Interest on each
Distribution Date, an amount equal to one month’s interest at the related
Uncertificated Pass-Through Rate on the Uncertificated Principal Balance
or
Uncertificated Notional Amount, as applicable, of such REMIC Regular Interest.
In each case, Uncertificated Accrued Interest will be reduced by any Net
Prepayment Interest Shortfalls and Relief Act Interest Shortfalls (allocated
to
such REMIC Regular Interests as set forth in Section 1.03).
“Uncertificated
Notional Amount”: With respect to REMIC 2 Regular Interest LT-IO and each
Distribution Date listed below, the aggregate Uncertificated Principal
Balance
of the REMIC 1 Regular Interests ending with the designation “A” listed
below:
Distribution
Date
|
REMIC
1 Regular Interests
|
1
|
I-1-A
through X-00-X
|
0
|
X-0-X
xxxxxxx X-00-X
|
0
|
X-0-X
through X-00-X
|
0
|
X-0-X
xxxxxxx X-00-X
|
0
|
X-0-X
through X-00-X
|
0
|
X-0-X
xxxxxxx X-00-X
|
0
|
X-0-X
through X-00-X
|
0
|
X-0-X
xxxxxxx X-00-X
|
0
|
X-0-X
through I-50-A
|
10
|
I-10-A
through I-50-A
|
11
|
I-11-A
through I-50-A
|
12
|
I-12-A
through I-50-A
|
13
|
I-13-A
through I-50-A
|
14
|
I-14-A
through I-50-A
|
15
|
I-15-A
through I-50-A
|
16
|
I-16-A
through I-50-A
|
17
|
I-17-A
through I-50-A
|
18
|
I-18-A
through I-50-A
|
19
|
I-19-A
through I-50-A
|
20
|
I-20-A
through I-50-A
|
21
|
I-21-A
through I-50-A
|
22
|
I-22-A
through I-50-A
|
23
|
I-23-A
through I-50-A
|
24
|
I-24-A
through I-50-A
|
25
|
I-25-A
through I-50-A
|
26
|
I-26-A
through I-50-A
|
27
|
I-27-A
through I-50-A
|
28
|
I-28-A
through I-50-A
|
29
|
I-29-A
through I-50-A
|
30
|
I-30-A
through I-50-A
|
31
|
I-31-A
through I-50-A
|
32
|
I-32-A
through I-50-A
|
33
|
I-33-A
through I-50-A
|
34
|
I-34-A
through I-50-A
|
35
|
I-35-A
through I-50-A
|
36
|
I-36-A
through I-50-A
|
37
|
I-37-A
through I-50-A
|
38
|
I-38-A
through I-50-A
|
39
|
I-39-A
through I-50-A
|
40
|
I-40-A
through I-50-A
|
41
|
I-41-A
through I-50-A
|
42
|
I-42-A
through I-50-A
|
43
|
I-43-A
through I-50-A
|
44
|
I-44-A
through I-50-A
|
45
|
I-45-A
through I-50-A
|
46
|
I-46-A
through I-50-A
|
47
|
I-47-A
through I-50-A
|
48
|
I-48-A
through I-50-A
|
49
|
I-49-A
and I-50-A
|
50
|
I-50-A
|
thereafter
|
$0.00
|
With
respect to the Class IO Interest and any Distribution Date, an amount equal
to
the Uncertificated Notional Amount of the REMIC 2 Regular Interest IO.
“Uncertificated
Principal Balance”: With respect to each REMIC Regular Interest (other than
REMIC 2 Regular Interest LT-IO), the principal amount of such REMIC Regular
Interest outstanding as of any date of determination. As of the Closing
Date,
the Uncertificated Principal Balance of each such REMIC Regular Interest
shall
equal the amount set forth in the Preliminary Statement hereto as its initial
Uncertificated Principal Balance. On each Distribution Date, the Uncertificated
Principal Balance of each such REMIC 2 Regular Interest shall be reduced
by all
distributions of principal made on such REMIC 2 Regular Interest on such
Distribution Date pursuant to Section 4.06 and, if and to the extent
necessary and appropriate, shall be further reduced on such Distribution
Date by
Realized Losses as provided in Section 4.07. The Uncertificated Principal
Balance of REMIC 2 Regular Interest LT-ZZ shall be increased by interest
deferrals as provided in Section 4.06. The Uncertificated Principal Balance
of each REMIC Regular Interest shall never be less than zero.
“Uncertificated
Pass-Through Rate”: The Uncertificated REMIC 1 Pass-Through Rate or
Uncertificated REMIC 2 Pass-Through Rate.
“Uncertificated
REMIC 1 Pass-Through Rate”: With respect to REMIC 1 Regular Interest I and REMIC
1 Regular Interest P, a per annum rate equal to the weighted average Net
Mortgage Rate of the Mortgage Loans. With respect to each REMIC 1 Regular
Interest ending with the designation “A”, a per annum rate equal to the weighted
average Net Mortgage Rate of the Mortgage Loans multiplied by 2, subject
to a
maximum rate of 10.900%. With respect to each REMIC 1 Regular Interest
ending
with the designation “B”, the greater of (x) a per annum rate equal to the
excess, if any, of (i) 2 multiplied by the weighted average Net Mortgage
Rate of
the Mortgage Loans over (ii) 10.900% and (y) 0.00%.
“Uncertificated
REMIC 2 Pass-Through Rate”: With respect to REMIC 2 Regular Interest LT-AA,
REMIC 2 Regular Interest LT-A1A, REMIC 2 Regular Interest LT-A1B, REMIC
2
Regular Interest LT-A1C, REMIC 2 Regular Interest LT-A2, REMIC 2 Regular
Interest LT-M1, REMIC 2 Regular Interest LT-M2, REMIC 2 Regular Interest
LT-M3,
REMIC 2 Regular Interest LT-M4, REMIC 2 Regular Interest LT-M5, REMIC 2
Regular
Interest LT-M6, REMIC 2 Regular Interest LT-M7, REMIC 2 Regular Interest
LT-M8,
REMIC 2 Regular Interest LT-M9, REMIC 2 Regular Interest LT-M10, REMIC
2 Regular
Interest LT-ZZ and REMIC 2 Regular Interest LT-P, a
per
annum rate (but not less than zero) equal to the weighted average of (w)
with
respect to REMIC 1 Regular Interest I and REMIC 1 Regular Interest P, the
Uncertificated REMIC 1 Pass-Through Rate for such REMIC 1 Regular Interest
for
each such Distribution Date, (x) with respect to REMIC 1 Regular Interests
ending with the designation “B”, the weighted average of the Uncertificated
REMIC 1 Pass-Through Rates for such REMIC 1 Regular Interests, weighted
on the
basis of the Uncertificated Principal Balance of such REMIC 1 Regular Interests
for each such Distribution Date and (y) with respect to REMIC 1 Regular
Interests ending with the designation “A”, for each Distribution Date listed
below, the weighted average of the rates listed below for each such REMIC
1
Regular Interest listed below, weighted on the basis of the Uncertificated
Principal Balance of each such REMIC 1 Regular Interest for each such
Distribution Date:
Distribution
Date
|
REMIC
1 Regular Interest
|
Rate
|
1
|
I-1-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
2
|
I-2-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
3
|
I-3-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
and I-2-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
4
|
I-4-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-3-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
5
|
I-5-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-4-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
6
|
I-6-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-5-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
7
|
I-7-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-6-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
8
|
I-8-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-7-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
9
|
I-9-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-8-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
10
|
I-10-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-9-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
11
|
I-11-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-10-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
12
|
I-12-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-11-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
13
|
I-13-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-12-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
14
|
I-14-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-13-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
15
|
I-15-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-14-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
16
|
I-16-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-15-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
17
|
I-17-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-16-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
18
|
I-18-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-17-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
19
|
I-19-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-18-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
20
|
I-20-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-19-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
21
|
I-21-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-20-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
22
|
I-22-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-21-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
23
|
I-23-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-22-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
24
|
I-24-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-23-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
25
|
I-25-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-24-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
26
|
I-26-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-25-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
27
|
I-27-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-26-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
28
|
I-28-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-27-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
29
|
I-29-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-28-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
30
|
I-30-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-29-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
31
|
I-31-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-30-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
32
|
I-32-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-31-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
33
|
I-33-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-32-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
34
|
I-34-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-33-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
35
|
I-35-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-34-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
36
|
I-36-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-35-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
37
|
I-37-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-36-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
38
|
I-38-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-37-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
39
|
I-39-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-38-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
40
|
I-40-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-39-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
41
|
I-41-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-40-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
42
|
I-42-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-41-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
43
|
I-43-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-42-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
44
|
I-44-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-43-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
45
|
I-45-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-44-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
46
|
I-46-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-45-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
47
|
I-47-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-46-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
48
|
I-48-A
through I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-47-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
49
|
I-49-A
and I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-48-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
50
|
I-50-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
REMIC 1 Pass-Through Rate
|
I-1-A
through I-49-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
|
thereafter
|
I-1-A
through I-50-A
|
Uncertificated
REMIC 1 Pass-Through Rate
|
With
respect to REMIC 2 Regular Interest LT-IO, the excess of (i) the weighted
average of the Uncertificated REMIC 1 Pass-Through Rates for REMIC 1 Regular
Interests ending with the designation “A”, over (ii) 2 multiplied by Swap LIBOR.
“Uninsured
Cause”: Any cause of damage to property subject to a Mortgage such that the
complete restoration of such property is not fully reimbursable by the
hazard
insurance policies or flood insurance policies required to be maintained
pursuant to Section 3.13.
“United
States Person”: A citizen or resident of the United States, a corporation or a
partnership (including an entity treated as a corporation or partnership
for
United States federal income tax purposes) created or organized in, or
under the
laws of, the United States or any State thereof or the District of Columbia
(except, in the case of a partnership, to the extent provided in regulations)
provided that, for purposes solely of the restrictions on the transfer
of Class
R Certificates, no partnership or other entity treated as a partnership
for
United States federal income tax purposes shall be treated as a United
States
Person unless all persons that own an interest in such partnership either
directly or through any entity that is not a corporation for United States
federal income tax purposes are required by the applicable operative agreement
to be United States Persons or an estate whose income is subject to United
States federal income tax regardless of its source, or a trust if a court
within
the United States is able to exercise primary supervision over the
administration of the trust and one or more such United States Persons
have the
authority to control all substantial decisions of the trust. To the extent
prescribed in regulations by the Secretary of the Treasury, a trust which
was in
existence on August 20, 1996 (other than a trust treated as owned by the
grantor
under subpart E of part I of subchapter J of chapter 1 of the Code), and
which
was treated as a United States person on August 20, 1996 may elect to continue
to be treated as a United States person notwithstanding the previous
sentence.
“Voting
Rights”: The portion of the voting rights of all of the Certificates which is
allocated to any Certificate. At all times during the term of this Agreement,
(i) 97% of all Voting Rights will be allocated among the Holders of the
Class A
Certificates and Class M Certificates in proportion to the then outstanding
Certificate Principal Balances of their respective Certificates, (ii) 1%
of all
Voting Rights will be allocated to the Holders of the Class C Certificates,
(iii) 1% of all Voting Rights will be allocated to the Holders of the Class
P
Certificates and (iv) 1% of all Voting Rights will be allocated to the
Holders
of the Class R Certificates. The Voting Rights allocated to any Class of
Certificates shall be allocated among all Holders of the Certificates of
such
Class in proportion to the outstanding Percentage Interests in such Class
represented thereby.
“Weighted
Average Net Mortgage Rate”: The weighted average of the Net Mortgage Rates of
the Mortgage Loans, weighted on the basis of the Stated Principal Balances
thereof as of the close of business on the first day of the calendar month
preceding the month in which such Distribution Date occurs.
Section
1.02 Determination
of LIBOR.
LIBOR
applicable to the calculation of the Pass-Through Rate on the Class A
Certificates and Class M Certificates for the Interest Determination Date
for
the initial Accrual Period shall be 4.82% per annum and for each subsequent
Accrual Period will be determined on each subsequent Interest Determination
Date.
On
each
Interest Determination Date following the initial Interest Determination
Date,
LIBOR shall be established by the Securities Administrator and, as to any
Accrual Period, will equal the rate for one month United States dollar
deposits
that appears on the Telerate Screen Page 3750 as of 11:00 a.m., London
time, on
such Interest Determination Date. “Telerate Screen Page 3750” means the display
designated as page 3750 on the Telerate Service (or such other page as
may
replace page 3750 on that service for the purpose of displaying London
interbank
offered rates of major banks). If such rate does not appear on such page
(or
such other page as may replace that page on that service, or if such service
is
no longer offered, LIBOR shall be so established by use of such other service
for displaying LIBOR or comparable rates as may be selected by the Securities
Administrator), the rate will be the Reference Bank Rate. The “Reference Bank
Rate” will be determined on the basis of the rates at which deposits in U.S.
Dollars are offered by the reference banks (which shall be any three major
banks
that are engaged in transactions in the London interbank market, selected
by the
Securities Administrator after consultation with the Master Servicer) as
of
11:00 a.m., London time, on the Interest Determination Date to prime banks
in
the London interbank market for a period of one month in amounts approximately
equal to the aggregate Certificate Principal Balance of the Class A Certificates
and Class M Certificates then outstanding. The Securities Administrator
will
request the principal London office of each of the reference banks to provide
a
quotation of its rate. If at least two such quotations are provided, the
rate
will be the arithmetic mean of the quotations rounded up to the next multiple
of
1/16%. If on such date fewer than two quotations are provided as requested,
the
rate will be the arithmetic mean of the rates quoted by one or more major
banks
in New York City, selected by the Securities Administrator, as of 11:00
a.m.,
New York City time, on such date for loans in U.S. Dollars to leading European
banks for a period of one month in amounts approximately equal to the aggregate
Certificate Principal Balance of the Class A Certificates and Class M
Certificates then outstanding. If no such quotations can be obtained, the
rate
will be LIBOR for the prior Distribution Date; provided however, if, under
the
priorities described above, LIBOR for a Distribution Date would be based
on
LIBOR for the previous Distribution Date for the third consecutive Distribution
Date, the Securities Administrator shall select an alternative comparable
index
(over which the Securities Administrator has no control), used for determining
one-month Eurodollar lending rates that is calculated and published (or
otherwise made available) by an independent party.
The
establishment of LIBOR by the Securities Administrator on any Interest
Determination Date and the Securities Administrator’s subsequent calculation of
the Pass-Through Rate applicable to the Class A Certificates and Class
M
Certificates for the relevant Accrual Period, in the absence of manifest
error,
will be final and binding.
The
Securities Administrator will supply to any Certificateholder so requesting
by
telephone the Pass-Through Rate on the Class A Certificates and Class M
Certificates for the current and the immediately preceding Accrual
Period.
Section
1.03 Allocation
of Certain Interest Shortfalls.
For
purposes of calculating the amount of the Accrued Certificate Interest
for the
Class A, Class M and Class C Certificates for any Distribution Date, the
aggregate amount of any Net Prepayment Interest Shortfalls and any Relief
Act
Interest Shortfalls incurred in respect of the Mortgage Loans for any
Distribution Date shall be allocated first, to the Class C Certificates
to the
extent of one month’s interest at the then applicable Pass-Through Rate on the
Notional Amount of each such Certificate and, thereafter, among the Class
A
Certificates and Class M Certificates on a pro
rata
basis
based on, and to the extent of, one month’s interest at the then applicable
respective Pass-Through Rate on the respective Certificate Principal Balance
of
each such Certificate.
For
purposes of calculating the amount of Uncertificated Accrued Interest for
the
REMIC 1 Regular Interests for any Distribution Date the aggregate amount
of any
Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls
incurred in respect of the Mortgage Loans shall be allocated first, REMIC
1
Regular Interest I and to the REMIC 1 Regular Interests ending with the
designation “B”, pro
rata
based
on, and to the extent of, one month’s interest at the then applicable respective
Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated
Principal Balances of each such REMIC 1 Regular Interest , and then, to
REMIC 1
Regular Interests ending with the designation “A”, pro rata based on, and to the
extent of, one month’s interest at the then applicable respective Uncertificated
REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances
of each such REMIC 1 Regular Interest.
The
aggregate amount of any Net Prepayment Interest Shortfalls and any Relief
Act
Interest Shortfalls incurred in respect of the Mortgage Loans for any
Distribution Date shall be allocated among REMIC 2 Regular Interest LT-AA,
REMIC
2 Regular Interest LT-A1A, REMIC 2 Regular Interest LT-A1B, REMIC 2 Regular
Interest LT-A1C, REMIC 2 Regular Interest LT-A2, REMIC 2 Regular Interest
LT-M1,
REMIC 2 Regular Interest LT-M2, REMIC 2 Regular Interest LT-M3, REMIC 2
Regular
Interest LT-M4, REMIC 2 Regular Interest LT-M5, REMIC 2 Regular Interest
LT-M6,
REMIC 2 Regular Interest LT-M7, REMIC 2 Regular Interest LT-M8, REMIC 2
Regular
Interest LT-M9, REMIC 2 Regular Interest LT-M10 and REMIC 2 Regular Interest
LT-ZZ, pro
rata,
based
on, and to the extent of, one month’s interest at the then applicable respective
Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated
Principal Balances of each such REMIC 2 Regular Interest.
ARTICLE
II
CONVEYANCE
OF MORTGAGE LOANS;
ORIGINAL
ISSUANCE OF CERTIFICATES
Section
2.01 Conveyance
of Mortgage Loans.
The
Depositor, as of the Closing Date, and concurrently with the execution
and
delivery hereof, does hereby assign, transfer, sell, set over and otherwise
convey to the Trustee without recourse all the right, title and interest
of the
Depositor in and to (1) the Mortgage Loans identified on the Mortgage Loan
Schedule (including any Prepayment Charges but exclusive of any late payment
charges received thereon), (2) the rights with respect to the Servicing
Agreement as assigned to the Trustee on behalf the Certificateholders by
the
Assignment Agreement and (3) all other assets included or to be included
in the
Trust Fund for the benefit of the Certificateholders. Such assignment includes
all principal and interest due and received by the Servicer on or with
respect
to the Mortgage Loans (other than payment of principal and interest due
on or
before the Cut-off Date).
The
Depositor, the Master Servicer and the Trustee agree that it is not intended
that any Mortgage Loan be included in the Trust that is either (i) a “High-Cost
Home Loan” as defined in the New Jersey Home Ownership Act effective November
27, 2003, (ii) a “High-Cost Home Loan” as defined in the New Mexico Home Loan
Protection Act effective January 1, 2004, (iii) a “High Cost Home Mortgage Loan”
as defined in the Massachusetts Predatory Home Practices Act effective
November
7, 2004, or (iv) a “High-Cost Home Loan” as defined in the Indiana House
Enrolled Act No. 1229, effective as of January 1, 2005.
In
connection with such transfer and assignment, the Depositor has caused
the
Sponsor to deliver to, and deposit with the Custodian as agent for the
Trustee,
as described in the Mortgage Loan Purchase Agreement, with respect to each
Mortgage Loan, the following documents or instruments:
(i) the
original Mortgage Note (including all riders thereto) bearing all intervening
endorsements necessary to show a complete chain of endorsements from the
original payee, endorsed “Pay to the order of _____without recourse”, via
original signature, and, if previously endorsed, signed in the name of
the last
endorsee by a duly qualified officer of the last endorsee or, with respect
to
any Mortgage Loan as to which the original Mortgage Note has been permanently
lost or destroyed and has not been replaced, a Lost Note Affidavit. If
the
Mortgage Loan was acquired by the last endorsee in a merger, the endorsement
must be by “[name of last endorsee], successor by merger to [name of the
predecessor].” If the Mortgage Loan was acquired or originated by the last
endorsee while doing business under another name, the endorsement must
be by
“[name of last endorsee], formerly known as [previous name].” Within 45 days
after the Closing Date, the Custodian shall endorse the Mortgage Note in
the
name of “HSBC Bank USA, National Association, as trustee under the Pooling and
Servicing Agreement relating to Opteum Mortgage Acceptance Corporation,
Asset-Backed Pass-Through Certificates, Series 2006-2” for each Mortgage
Note;
(ii) The
original recorded Mortgage, noting the presence of the MIN of the Mortgage
Loan
and either language indicating that the Mortgage Loan is a MOM loan or
if the
Mortgage Loan was not a MOM loan at origination, the original Mortgage
and the
assignment thereof to MERS, with evidence of recording indicated thereon;
provided that if such document is not included because of a delay by the
public
recording office where such document has been delivered for recordation
or such
office as a matter of policy does not return the original of such document
or if
such original Mortgage has been lost, the Sponsor shall include or cause
to be
included a copy thereof certified by the appropriate recording office,
if
available;
(iii) the
original Assignment of Mortgage in blank, in form and substance acceptable
for
recordation in the jurisdiction in which the related mortgage property
is
located and signed in the name of the Last Endorsee by an authorized officer;
unless the Mortgage Loan is registered on the MERS system;
(iv) The
original intervening Assignments, if any, with evidence of recording thereon,
showing an unbroken chain of title to the Mortgage from the originator
thereof
to Person assigning it to the Trustee (or to MERS, if the Mortgage Loan
is
registered on the MERS® System); provided that if such document is not included
because of a delay by the public recording office where such document has
been
delivered for recordation or such office as a matter of policy does not
return
the original of such document, the Sponsor shall include or cause to be
included
a copy thereof certified by the appropriate recording office, if
available;
(v) The
originals of each assumption, modification or substitution agreement, if
any,
relating to the Mortgage Loan; and
(vi) the
original title insurance policy, or, if such policy has not been issued,
any one
of an original or a copy of the preliminary title report, title binder
or title
commitment on the Mortgaged Property with the original policy of the insurance
to be delivered promptly following the receipt thereof.
Within
30
days after the Closing Date, the Depositor shall complete or cause to be
completed the Assignments of Mortgage in the name of “HSBC Bank USA, National
Association, as trustee under the Pooling and Servicing Agreement relating
to
Opteum Mortgage Acceptance Corporation, Asset-Backed Pass-Through Certificates,
Series 2006-2” (or shall prepare or cause to be prepared new forms of Assignment
of Mortgage so completed in the name of the Trustee) for each Mortgage
Property
in a state, if any, which is specifically excluded from the Opinion of
Counsel
delivered by the Depositor to the Trustee and the Custodian, each such
assignment shall be recorded in the appropriate public office for real
property
records, and returned to the Custodian, at no expense to the
Custodian.
The
Sponsor is obligated as described in the Mortgage Loan Purchase Agreement,
with
respect to the Mortgage Loans, to deliver to the Custodian as agent for
the
Trustee: (a) either the original recorded Mortgage, or in the event such
original cannot be delivered by the Sponsor, a copy of such Mortgage certified
as true and complete by the appropriate recording office, in those instances
where a copy thereof certified by the Sponsor was delivered to the Custodian
as
agent for the Trustee pursuant to clause (ii) above; and (b) either the
original
Assignment or Assignments of the Mortgage, with evidence of recording thereon,
showing an unbroken chain of assignment from the originator to the Sponsor,
or
in the event such original cannot be delivered by the Sponsor, a copy of
such
Assignment or Assignments certified as true and complete by the appropriate
recording office, in those instances where copies thereof certified by
the
Sponsor were delivered to the Custodian as agent for the Trustee pursuant
to
clause (iv) above. However, pursuant to the Mortgage Loan Purchase Agreement,
the Sponsor need not cause to be recorded any assignment in any jurisdiction
under the laws of which, as evidenced by an Opinion of Counsel delivered
by the
Sponsor to the Trustee, the Custodian and the Rating Agencies, the recordation
of such assignment is not necessary to protect the Trustee’s interest in the
related Mortgage Loan; provided,
however,
notwithstanding the delivery of any Opinion of Counsel, each assignment
shall be
submitted for recording by the Sponsor in the manner described above, at
no
expense to the Trust or the Trustee, upon the earliest to occur of: (i)
reasonable direction by the Holders of Certificates evidencing at least
25% of
the Voting Rights, (ii) the occurrence of an Event of Default, (iii) the
occurrence of a bankruptcy, insolvency or foreclosure relating to the Sponsor,
(iv) the occurrence of a servicing transfer as described in Section 7.02
hereof and (v) if the Sponsor is not the Master Servicer and with respect
to any
one assignment, the occurrence of a bankruptcy, insolvency or foreclosure
relating to the Mortgagor under the related Mortgage.
Notwithstanding
anything to the contrary contained in this Section 2.01, in those instances
where the public recording office retains the original Mortgage after it
has
been recorded, the Sponsor shall be deemed to have satisfied its obligations
hereunder upon delivery to the Custodian as agent for the Trustee of a
copy of
such Mortgage certified by the public recording office to be a true and
complete
copy of the recorded original thereof.
If
any
Assignment is lost or returned unrecorded to the Custodian as agent for
the
Trustee because of any defect therein, the Sponsor is required, as described
in
the Mortgage Loan Purchase Agreement, to prepare a substitute Assignment
or cure
such defect, as the case may be, and the Sponsor shall cause such Assignment
to
be recorded in accordance with this section.
The
Sponsor is required as described in the Mortgage Loan Purchase Agreement,
with
respect to the Mortgage Loans, to exercise its best reasonable efforts
to
deliver or cause to be delivered to the Custodian as agent for the Trustee
within 120 days of the Closing Date, with respect to the Mortgage Loans,
the
original or a photocopy of the title insurance policy with respect to each
such
Mortgage Loan assigned to the Trustee pursuant to this
Section 2.01.
In
connection with the assignment of any Mortgage Loan registered on the MERS®
System, the Sponsor further agrees that it will cause, at the Sponsor’s own
expense, as of the Closing Date, the MERS® System to indicate that such Mortgage
Loans have been assigned by the Sponsor to the Trustee in accordance with
this
Agreement for the benefit of the Certificateholders by including (or deleting,
in the case of Mortgage Loans which are repurchased in accordance with
this
Agreement) in such computer files (a) the code in the field which identifies
the
specific Trustee and (b) the code in the field “Pool Field” which identifies the
series of the Certificates issued in connection with such Mortgage Loans.
The
Depositor further agrees that it will not, and will not permit the Servicer
to
alter the codes referenced in this paragraph with respect to any Mortgage
Loan
during the term of this Agreement unless and until such Mortgage Loan is
repurchased in accordance with the terms of this Agreement.
All
original documents relating to the Mortgage Loans which are not delivered
to the
Custodian as agent for the Trustee are and shall be held by the Sponsor
in trust
for the benefit of the Trustee on behalf of the Certificateholders.
Except
as
may otherwise expressly be provided herein, none of the Depositor, the
Custodian, the Master Servicer, or the Trustee shall (and the Master Servicer
shall ensure that no Servicer shall) assign, sell, dispose of or transfer
any
interest in the Trust Fund or any portion thereof, or cause the Trust Fund
or
any portion thereof to be subject to any lien, claim, mortgage, security
interest, pledge or other encumbrance.
It
is
intended that the conveyance of the Mortgage Loans by the Depositor to
the
Trustee as provided in this Section be, and be construed as, a sale of
the
Mortgage Loans as provided for in this Section 2.01 by the Depositor to the
Trustee for the benefit of the Certificateholders. It is, further, not
intended
that such conveyance be deemed a pledge of the Mortgage Loans by the Depositor
to the Trustee to secure a debt or other obligation of the Depositor. However,
in the event that the Mortgage Loans are held to be property of the Depositor,
or if for any reason this Agreement is held or deemed to create a security
interest in the Mortgage Loans, then it is intended that, (a) this Agreement
shall also be deemed to be a security agreement within the meaning of Articles
8
and 9 of the New York Uniform Commercial Code and the Uniform Commercial
Code of
any other applicable jurisdiction; (b) the conveyance provided for in this
Section shall be deemed to be (1) a grant by the Depositor to the Trustee
of a
security interest in all of the Depositor’s right (including the power to convey
title thereto), title and interest, whether now owned or hereafter acquired,
in
and to (A) the Mortgage Loans, including the Mortgage Notes, the Mortgages,
any
related Insurance Policies and all other documents in the related Mortgage
Files, (B) all amounts payable to the holders of the Mortgage Loans in
accordance with the terms thereof and (C) all proceeds of the conversion,
voluntary or involuntary, of the foregoing into cash, instruments, securities
or
other property, including without limitation all amounts from time to time
held
or invested in the Certificate Account or the Custodial Account, whether
in the
form of cash, instruments, securities or other property and (2) an assignment
by
the Depositor to the Trustee of any security interest in any and all of
the
Sponsor’s right (including the power to convey title thereto), title and
interest, whether now owned or hereafter acquired, in and to the property
described in the foregoing clauses (1)(A) through (D); (c) the possession
by the
Custodian as agent for the Trustee or any other agent of the Trustee of
Mortgage
Notes and such other items of property as constitute instruments, money,
negotiable documents or chattel paper shall be deemed to be “possession by the
secured party” or possession by a purchaser or a person designated by such
secured party, for purposes of perfecting the security interest pursuant
to the
New York Uniform Commercial Code and the Uniform Commercial Code of any
other
applicable jurisdiction (including, without limitation, Sections 9-115,
9-305,
8-102, 8-301, 8-501 and 8-503 thereof); and (d) notifications to persons
holding
such property, and acknowledgments, receipts or confirmations from persons
holding such property, shall be deemed notifications to, or acknowledgments,
receipts or confirmations from, financial intermediaries, bailees or agents
(as
applicable) of the Trustee for the purpose of perfecting such security
interest
under applicable law. The Depositor and the Trustee shall, to the extent
consistent with this Agreement, take such actions as may be necessary to
ensure
that, if this Agreement were deemed to create a security interest in the
Mortgage Loans and the REMIC 1 Regular Interests, such security interest
would
be deemed to be a perfected security interest of first priority under applicable
law and will be maintained as such throughout the term of the
Agreement.
Concurrently
with the execution of this Agreement, the Swap Agreement shall be delivered
to
the Trustee. In connection therewith, the Depositor hereby directs the
Trustee
(solely in its capacity as such) to execute and deliver the Swap
Agreement.
Notwithstanding
anything to the contrary contained herein, the parties hereto acknowledge
that
the functions of the Trustee with respect to the custody, acceptance, inspection
and release of the Mortgage Files, including but not limited to certain
insurance policies and documents contemplated by Section 3.12 of this Agreement,
and preparation and delivery of the certifications shall be performed by
the
Custodian pursuant to the terms and conditions of the Custodial
Agreement.
Section
2.02 Acceptance
of the Trust Fund by the Trustee.
The
Trustee acknowledges receipt (subject to any exceptions noted in the Initial
Certification described below), of the documents referred to in
Section 2.01 above and all other assets included in the definition of
“Trust Fund” and declares that it (or the Custodian on its behalf) holds and
will hold such documents and the other documents delivered to Custodian
as agent
for the Trustee constituting the Mortgage Files, and that it holds or will
hold
such other assets included in the definition of “Trust Fund” (to the extent
delivered or assigned to the Custodian as agent for the Trustee), in trust
for
the exclusive use and benefit of all present and future
Certificateholders.
The
Trustee agrees that, for the benefit of the Certificateholders, the Custodian
as
agent for the Trustee will review each Mortgage File on or before the Closing
Date to ascertain that all documents required to be delivered to it are
in its
possession, and the Custodian as agent for the Trustee agrees to execute
and
deliver, or cause to be executed and delivered, to the Depositor on the
Closing
Date, with respect to each Mortgage Loan, an Initial Certification in the
form
annexed hereto as Exhibit C to the effect that, as to each Mortgage Loan
listed
in the Mortgage Loan Schedule (other than any Mortgage Loan paid in full
or any
Mortgage Loan specifically identified in such certification as not covered
by
such certification), (i) all documents required to be delivered to it pursuant
to this Agreement with respect to such Mortgage Loan are in its possession,
and
(ii) such documents have been reviewed by it and appear regular on their
face
and relate to such Mortgage Loan. Neither the Custodian, the Trustee or
the
Master Servicer shall be under any duty to determine whether any Mortgage
File
should include any of the documents specified in clauses (v) or (vi) of
Section 2.01. Neither the Custodian, the Trustee or the Master Servicer
shall be under any duty or obligation to inspect, review or examine said
documents, instruments, certificates or other papers to determine that
the same
are genuine, enforceable or appropriate for the represented purpose or
that they
have actually been recorded, or they are in recordable form or that they
are
other than what they purport to be on their face.
Within
180 days of the Closing Date, with respect to the Mortgage Loans, the Custodian
as agent for the Trustee shall deliver to the Depositor a Final Certification
in
the form annexed hereto as Exhibit D evidencing the completeness of the
Mortgage
Files, with any applicable exceptions noted thereon.
If
in the
process of reviewing the Mortgage Files and preparing the certifications
referred to above the Custodian as agent for the Trustee or the Master
Servicer
finds any document or documents constituting a part of a Mortgage File
to be
missing or defective in any material respect, the Custodian as agent for
the
Trustee shall promptly notify the Trustee, the Sponsor and the Depositor.
The
Custodian as agent for the Trustee shall promptly notify the Sponsor and
the
Securities Administrator of such defect and request that the Sponsor cure
any
such defect within 60 days from the date on which the Sponsor was notified
of
such defect, and if the Sponsor does not cure such defect in all material
respects during such period, request on behalf of the Certificateholders
that
the Sponsor purchase such Mortgage Loan from the Trust Fund at the Purchase
Price within 90 days after the date on which the Sponsor was notified of
such
defect; provided that if such defect would cause the Mortgage Loan to be
other
than a “qualified mortgage” as defined in Section 860G(a)(3) of the Code,
any such cure or repurchase must occur within 90 days from the date such
breach
was discovered. It is understood and agreed that the obligation of the
Sponsor
to cure a material defect in, or purchase any Mortgage Loan as to which
a
material defect in a constituent document exists shall constitute the sole
remedy respecting such defect available to Certificateholders or the Trustee
on
behalf of Certificateholders. The Purchase Price for the purchased Mortgage
Loan
shall be deposited or caused to be deposited upon receipt by the Master
Servicer
in the Custodial Account and, upon receipt by the Custodian as agent for
the
Trustee and the Securities Administrator of written notification of such
deposit
signed by a Servicing Officer, the Custodian as agent for the Trustee shall
release or cause to be released to the Sponsor the related Mortgage File
and
shall execute and deliver such instruments of transfer or assignment, in
each
case without recourse, as the Sponsor shall require as necessary to vest
in the
Sponsor ownership of any Mortgage Loan released pursuant hereto and at
such time
the Custodian as agent for the Trustee shall have no further responsibility
with
respect to the related Mortgage File. In furtherance of the foregoing,
if the
Sponsor is not a member of MERS and the Mortgage is registered on the MERS®
System, the Trustee, at the Sponsor’s expense, shall cause MERS to execute and
deliver an assignment of the Mortgage in recordable form to transfer the
Mortgage from MERS to the Sponsor and shall cause such Mortgage to be removed
from registration on the MERS® System in accordance with MERS’ rules and
regulations.
In
connection with any repurchase of a Mortgage Loan or the cure of a breach
of a
representation or warranty pursuant to this Section 2.02, the Sponsor shall
promptly furnish to the Securities Administrator and the Trustee an officer’s
certificate, signed by a duly authorized officer of the Sponsor to the
effect
that such repurchase or cure has been made in accordance with the terms
and
conditions of this Agreement and that all conditions precedent to such
repurchase or cure have been satisfied, including the delivery to the Securities
Administrator of the Purchase Price for deposit into the Custodial Account,
together with copies of any Opinion of Counsel required to be delivered
pursuant
to this Agreement and the related Request for Release, in which the Securities
Administrator and the Trustee may rely. Solely for purposes of the Securities
Administrator providing an Assessment of Compliance, upon receipt of such
documentation, the Securities Administrator shall approve such repurchase,
substitution or cure, as applicable, and which approval shall consist solely
of
the Securities Administrator’s receipt of such documentation and
deposits.
Section
2.03 Representations,
Warranties and Covenants of the Master Servicer and the Depositor.
(a) The
Master Servicer hereby represents and warrants to and covenants with the
Depositor for the benefit of Certificateholders and the Trustee
that:
(i) The
Master Servicer is, and throughout the term hereof shall remain, a corporation
duly organized, validly existing and in good standing under the laws of
the
state of its incorporation, the Master Servicer is, and shall remain, in
compliance with the laws of each state in which any Mortgaged Property
is
located to the extent necessary to perform its obligations under this Agreement,
and the Master Servicer or an affiliate is, and shall remain, approved
to
service mortgage loans for Xxxxxx Xxx and Xxxxxxx Mac;
(ii) The
execution and delivery of this Agreement by the Master Servicer, and the
performance and compliance with the terms of this Agreement by the Master
Servicer, will not violate the Master Servicer’s articles of incorporation or
bylaws or constitute a default (or an event which, with notice or lapse
of time,
or both, would constitute a default) under, or result in the breach of,
any
material agreement or other instrument to which it is a party or which
is
applicable to it or any of its assets;
(iii) The
Master Servicer has the full power and authority to enter into and consummate
all transactions contemplated by this Agreement, has duly authorized the
execution, delivery and performance of this Agreement, and has duly executed
and
delivered this Agreement;
(iv) This
Agreement, assuming due authorization, execution and delivery by the Depositor
and the Trustee, constitutes a valid, legal and binding obligation of the
Master
Servicer, enforceable against the Master Servicer in accordance with the
terms
hereof, subject to (A) applicable bankruptcy, insolvency, reorganization,
moratorium and other laws affecting the enforcement of creditors’ rights
generally, and (B) general principles of equity, regardless of whether
such
enforcement is considered in a proceeding in equity or at law;
(v) The
Master Servicer is not in violation of, and its execution and delivery
of this
Agreement and its performance and compliance with the terms of this Agreement
will not constitute a violation of, any law, any order or decree of any
court or
arbiter, or any order, regulation or demand of any federal, state or local
governmental or regulatory authority, which violation is likely to affect
materially and adversely either the ability of the Master Servicer to perform
its obligations under this Agreement or the financial condition of the
Master
Servicer;
(vi) No
litigation is pending (other than litigation with respect to which pleadings
or
documents have been filed with a court, but not served on the Master Servicer)
or, to the best of the Master Servicer’s knowledge, threatened against the
Master Servicer which would prohibit its entering into this Agreement or
performing its obligations under this Agreement or is likely to affect
materially and adversely either the ability of the Master Servicer to perform
its obligations under this Agreement or the financial condition of the
Master
Servicer;
(vii) The
Master Servicer will comply in all material respects in the performance
of this
Agreement with all reasonable rules and requirements of each insurer under
each
Insurance Policy;
(viii) The
execution of this Agreement and the performance of the Master Servicer’s
obligations hereunder do not require any license, consent or approval of
any
state or federal court, agency, regulatory authority or other governmental
body
having jurisdiction over the Master Servicer, other than such as have been
obtained; and
(ix) No
information, certificate of an officer, statement furnished in writing
or report
delivered to the Depositor, any affiliate of the Depositor or the Trustee
by the
Master Servicer in its capacity as Master Servicer, will, to the knowledge
of
the Master Servicer, contain any untrue statement of a material
fact.
It
is
understood and agreed that the representations, warranties and covenants
set
forth in this Section 2.03(a) shall survive the execution and delivery of
this Agreement, and shall inure to the benefit of the Depositor, the Trustee
and
the Certificateholders. Upon discovery by any of the Depositor, the Trustee,
the
Securities Administrator or the Master Servicer of a breach of any of the
foregoing representations, warranties and covenants that materially and
adversely affects the interests of the Depositor or the Trustee or the
value of
any Mortgage Loan or Prepayment Charge, the party discovering such breach
shall
give prompt written notice to the other parties.
(b) The
Depositor hereby represents and warrants to the Master Servicer, the Securities
Administrator and the Trustee for the benefit of Certificateholders that
as of
the Closing Date
(i) the
Depositor (a) is a corporation duly organized, validly existing and in
good
standing under the laws of the State of Delaware and (b) is qualified and
in
good standing as a foreign corporation to do business in each jurisdiction
where
such qualification is necessary, except where the failure so to qualify
would
not reasonably be expected to have a material adverse effect on the Depositor’s
business as presently conducted or on the Depositor’s ability to enter into this
Agreement and to consummate the transactions contemplated hereby;
(ii) the
Depositor has full corporate power to own its property, to carry on its
business
as presently conducted and to enter into and perform its obligations under
this
Agreement;
(iii) the
execution and delivery by the Depositor of this Agreement have been duly
authorized by all necessary corporate action on the part of the Depositor;
and
neither the execution and delivery of this Agreement, nor the consummation
of
the transactions herein contemplated, nor compliance with the provisions
hereof,
will conflict with or result in a breach of, or constitute a default under,
any
of the provisions of any law, governmental rule, regulation, judgment,
decree or
order binding on the Depositor or its properties or the articles of
incorporation or by-laws of the Depositor, except those conflicts, breaches
or
defaults which would not reasonably be expected to have a material adverse
effect on the Depositor’s ability to enter into this Agreement and to consummate
the transactions contemplated hereby;
(iv) the
execution, delivery and performance by the Depositor of this Agreement
and the
consummation of the transactions contemplated hereby do not require the
consent
or approval of, the giving of notice to, the registration with, or the
taking of
any other action in respect of, any state, federal or other governmental
authority or agency, except those consents, approvals, notices, registrations
or
other actions as have already been obtained, given or made;
(v) this
Agreement has been duly executed and delivered by the Depositor and, assuming
due authorization, execution and delivery by the other parties hereto,
constitutes a valid and binding obligation of the Depositor enforceable
against
it in accordance with its terms (subject to applicable bankruptcy and insolvency
laws and other similar laws affecting the enforcement of the rights of
creditors
generally);
(vi) there
are
no actions, suits or proceedings pending or, to the knowledge of the Depositor,
threatened against the Depositor, before or by any court, administrative
agency,
arbitrator or governmental body (i) with respect to any of the transactions
contemplated by this Agreement or (ii) with respect to any other matter
which in
the judgment of the Depositor will be determined adversely to the Depositor
and
will if determined adversely to the Depositor materially and adversely
affect
the Depositor’s ability to enter into this Agreement or perform its obligations
under this Agreement; and the Depositor is not in default with respect
to any
order of any court, administrative agency, arbitrator or governmental body
so as
to materially and adversely affect the transactions contemplated by this
Agreement;
(vii) immediately
prior to the transfer and assignment to the Trustee, each Mortgage Note
and each
Mortgage were not subject to an assignment or pledge, and the Depositor
had good
and marketable title to and was the sole owner thereof and had full right
to
transfer and sell such Mortgage Loan to the Trustee free and clear of any
encumbrance, equity, lien, pledge, charge, claim or security interest;
and
(viii) the
Depositor has filed all reports required to be filed by Section 13 or Section
15(d) of the Exchange Act during the preceding 12 months (or for such shorter
period that the Depositor was required to file such reports) and it has
been
subject to such filing requirements for the past 90 days.
Upon
discovery by either the Depositor, the Master Servicer, the Securities
Administrator, the Custodian or the Trustee of a breach of any representation
or
warranty set forth in this Section 2.03 which materially and adversely
affects the interests of the Certificateholders in any Mortgage Loan, the
party
discovering such breach shall give prompt written notice to the other
parties.
Section
2.04 Assignment
of Interest in the Mortgage Loan Purchase Agreement.
The
Depositor hereby assigns to the Trustee for the benefit of Certificateholders
all of its rights (but none of its obligations) in, to and under the Mortgage
Loan Purchase Agreement. Insofar as the Mortgage Loan Purchase Agreement
relates
to such representations and warranties and any remedies provided thereunder
for
any breach of such representations and warranties, such right, title and
interest may be enforced by the Trustee on behalf of the Certificateholders.
Upon the discovery by the Depositor, the Master Servicer, the Securities
Administrator or the Trustee of a breach of any of the representations
and
warranties made in the Mortgage Loan Purchase Agreement in respect of any
Mortgage Loan which materially and adversely affects the value of a Mortgage
Loan or the interests of the Certificateholders in such Mortgage Loan,
the party
discovering such breach shall give prompt written notice to the other parties.
The Trustee shall promptly notify the Sponsor of such breach and request
that
the Sponsor shall, within 90 days from the date that the Sponsor was notified
or
otherwise obtained knowledge of such breach, either (i) cure such breach
in all
material respects or (ii) purchase such Mortgage Loan from the Trust Fund
at the
Purchase Price and in the manner set forth in Section 2.02; provided that
if such breach would cause the Mortgage Loan to be other than a “qualified
mortgage” as defined in Section 860G(a)(3) of the Code, any such cure or
repurchase must occur within 90 days from the date such breach was discovered.
However, in the case of a breach under the Mortgage Loan Purchase Agreement,
subject to the approval of the Depositor the Sponsor shall have the option
to
substitute a Qualified Substitute Mortgage Loan or Loans for such Mortgage
Loan
if such substitution occurs within two years following the Closing Date,
except
that if the breach would cause the Mortgage Loan to be other than a “qualified
mortgage” as defined in Section 860G(a)(3) of the Code, any such
substitution must occur within 90 days from the date the breach was discovered
if such 90 day period expires before two years following the Closing Date.
In
the event that the Sponsor elects to substitute a Qualified Substitute
Mortgage
Loan or Loans for a Deleted Mortgage Loan pursuant to this Section 2.04,
the Trustee shall enforce the obligation of the Sponsor under the Mortgage
Loan
Purchase Agreement to deliver to the Custodian as agent for the Trustee
and the
Master Servicer, as appropriate, with respect to such Qualified Substitute
Mortgage Loan or Loans, the original Mortgage Note, the Mortgage, an Assignment
of the Mortgage in recordable form, and such other documents and agreements
as
are required by Section 2.01, with the Mortgage Note endorsed as required
by Section 2.01. No substitution will be made in any calendar month after
the Determination Date for such month. Monthly Payments due with respect
to
Qualified Substitute Mortgage Loans in the month of substitution, to the
extent
received by the Master Servicer or any Subservicer, shall not be part of
the
Trust Fund and will be retained by the Master Servicer and remitted by
the
Master Servicer to the Sponsor on the next succeeding Distribution Date.
For the
month of substitution, distributions to Certificateholders will include
the
Monthly Payment due on a Deleted Mortgage Loan for such month and thereafter
the
Sponsor shall be entitled to retain all amounts received in respect of
such
Deleted Mortgage Loan. The Depositor shall amend or cause to be amended
the
Mortgage Loan Schedule for the benefit of the Certificateholders to reflect
the
removal of such Deleted Mortgage Loan and the substitution of the Qualified
Substitute Mortgage Loan or Loans and the Depositor shall deliver the amended
Mortgage Loan Schedule to the Custodian as agent for the Trustee. Upon
such
substitution, the Qualified Substitute Mortgage Loan or Loans shall be
subject
to the terms of this Agreement in all respects, the Sponsor shall be deemed
to
have made the representations and warranties with respect to the Qualified
Substitute Mortgage Loan contained in the Mortgage Loan Purchase Agreement
as of
the date of substitution, and the Depositor shall be deemed to have made
with
respect to any Qualified Substitute Mortgage Loan or Loans, as of the date
of
substitution, the representations and warranties set forth in the Mortgage
Loan
Purchase Agreement (other than any statistical representations set forth
therein).
In
connection with the substitution of one or more Qualified Substitute Mortgage
Loans for one or more Deleted Mortgage Loans, the Master Servicer will
determine
the amount (the “Substitution Adjustment”), if any, by which the aggregate
principal balance of all such Qualified Substitute Mortgage Loans as of
the date
of substitution is less than the aggregate Stated Principal Balance of
all such
Deleted Mortgage Loans (in each case after application of the principal
portion
of the Monthly Payments due in the month of substitution that are to be
distributed to Certificateholders in the month of substitution). The Trustee
shall enforce the obligation of the Sponsor under the Mortgage Loan Purchase
Agreement to provide the Master Servicer on the day of substitution for
immediate deposit into the Custodial Account the amount of such shortfall,
without any reimbursement therefor. In accordance with the Mortgage Loan
Purchase Agreement, the Sponsor shall give notice in writing to the Trustee
and
the Custodian of such event, which notice shall be accompanied by an Officers’
Certificate as to the calculation of such shortfall and by an Opinion of
Counsel
to the effect that such substitution will not cause (a) any federal tax
to be
imposed on any Trust REMIC, including without limitation, any federal tax
imposed on “prohibited transactions” under Section 860F(a)(1) of the Code
or on “contributions after the startup date” under Section 860G(d)(1) of
the Code or (b) any portion of any Trust REMIC to fail to qualify as a
REMIC at
any time that any Certificate is outstanding. The costs of any substitution
as
described above, including any related assignments, opinions or other
documentation in connection therewith shall be borne by the
Sponsor.
In
connection with any repurchase of a Mortgage Loan, substitution or the
cure of a
breach of a representation or warranty pursuant to Section 2.02 and this
Section
2.04, the Sponsor shall promptly furnish to the Securities Administrator
and the
Trustee an officer’s certificate, signed by a duly authorized officer of the
Sponsor to the effect that such repurchase, substitution or cure has been
made
in accordance with the terms and conditions of this Agreement and that
all
conditions precedent to such repurchase, substitution or cure have been
satisfied, including the delivery to the Securities Administrator of the
Purchase Price or Substitution Adjustment amount, as applicable, for deposit
into the Custodial Account, together with copies of any Opinion of Counsel
required to be delivered pursuant to this Agreement and the related Request
for
Release, in which the Securities Administrator and the Trustee may rely.
Solely
for purposes of the Securities Administrator providing an Assessment of
Compliance, upon receipt of such documentation, the Securities Administrator
shall approve such repurchase, substitution or cure, as applicable, and
which
approval shall consist solely of the Master Servicer’s receipt of such
documentation and deposits.
Except
as
expressly set forth herein none of the Trustee, the Custodian, the Securities
Administrator or the Master Servicer is under any obligation to discover
any
breach of the above-mentioned representations and warranties. It is understood
and agreed that the obligation of the Sponsor to cure such breach, purchase
or
to substitute for such Mortgage Loan as to which such a breach has occurred
and
is continuing shall constitute the sole remedy respecting such breach available
to Certificateholders or the Trustee on behalf of Certificateholders.
Notwithstanding the foregoing, within 90 days of the earlier of discovery
by the
Sponsor or receipt of notice by the Sponsor of the breach of the representation
or covenant of the Sponsor set forth in Section 3.1(b)(xlv) of the Mortgage
Loan Purchase Agreement which materially and adversely affects the interests
of
the Holders of the Class P Certificates in any Prepayment Charge or if
the
Prepayment Charge is unenforceable due to subsequent changes in law, the
Sponsor
shall remedy such breach as set forth in Section 3.1(b)(xlv) of the
Mortgage Loan Purchase Agreement.
Section
2.05 Issuance
of Certificates; Conveyance of REMIC Regular Interests and Acceptance of
REMIC
1, REMIC 2 and REMIC 3 by the Trustee.
(a) The
Trustee acknowledges the assignment to it of the Mortgage Loans and the
delivery
to the Custodian as agent for the Trustee of the Mortgage Files, subject
to the
provisions of Sections 2.01 and 2.02, together with the assignment to it
of all
other assets included in the Trust Fund, receipt of which is hereby
acknowledged. Concurrently with such assignment and delivery and in exchange
therefor, the Securities Administrator, pursuant to the written request
of the
Depositor executed by an officer of the Depositor, has executed, authenticated
and delivered to or upon the order of the Depositor, the Certificates in
authorized denominations. The interests evidenced by the Certificates,
constitute the entire beneficial ownership interest in the Trust
Fund.
(b) The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey in trust to the Trustee
without
recourse all the right, title and interest of the Depositor in and to REMIC
1
for the benefit of the Holders of the REMIC 1 Regular Interests and Holders
of
the Class R Certificates (as Holders of the Class R-1 Interest). The Trustee
acknowledges receipt of REMIC 1 and declares that it holds and will hold
the
same in trust for the exclusive use and benefit of the Holders of the REMIC
1
Regular Interests and Holders of the Class R Certificates (as Holders of
the
Class R-1 Interest). The interests evidenced by the Class R-1 Interest,
together
with the REMIC 1 Regular Interests, constitute the entire beneficial ownership
interest in REMIC 1.
(c) The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey in trust to the Trustee
without
recourse all the right, title and interest of the Depositor in and to REMIC
1
Regular Interests (which are uncertificated) for the benefit of the Holders
of
the REMIC 1 Regular Interests and Holders of the Class R Certificates (as
Holders of the Class R-2 Interest). The Trustee acknowledges receipt of
the
REMIC 2 Regular Interests (which are uncertificated) and declares that
it holds
and will hold the same in trust for the exclusive use and benefit of the
Holders
of the REMIC 2 Regular Interests and Holders of the Class R Certificates
(as
Holders of the Class R-2 Interest). The interests evidenced by the Class
R-2
Interest, together with the REMIC 2 Regular Interests, constitute the entire
beneficial ownership interest in REMIC 2.
(d) The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey in trust to the Trustee
without
recourse all the right, title and interest of the Depositor in and to the
REMIC
2 Regular Interests (which are uncertificated) for the benefit of the Holders
of
the Regular Certificates, the Class IO Interest and the Class R Certificates
(in
respect of the Class R-3 Interest). The Trustee acknowledges receipt of
the
REMIC 2 Regular Interests and declares that it holds and will hold the
same in
trust for the exclusive use and benefit of the Holders of the Regular
Certificates, the Class IO Interest and the Class R Certificates (in respect
of
the Class R-3 Interest). The interests evidenced by the Class R-3 Interest,
together with the Regular Certificates, the Class IO Interest constitute
the
entire beneficial ownership interest in REMIC 3.
(e) Concurrently
with (i) the assignment and delivery to the Trustee of REMIC 1 and the
acceptance by the Trustee thereof, pursuant to Section 2.01,
Section 2.02 and subsection (b), (ii) the assignment and delivery to the
Trustee of REMIC 2 (including the Residual Interest therein represented
by the
Class R-2 Interest) and the acceptance by the Trustee thereof, pursuant
to
subsection (c), (iii) the assignment and delivery to the Trustee of REMIC
3
(including the Residual Interest therein represented by the Class R-3 Interest)
and the acceptance by the Trustee thereof, pursuant to subsection (d),
the
Trustee, pursuant to the written request of the Depositor executed by an
officer
of the Depositor, has executed, authenticated and delivered to or upon
the order
of the Depositor, the Class R Certificates in authorized denominations
evidencing the Class R-1 Interest, the Class R-2 Interest and the Class
R-3
Interest.
Section
2.06 Negative
Covenants of the Trustee and Master Servicer.
Except
as
otherwise expressly permitted by this Agreement the Trustee and Master
Servicer
shall not cause the Trust Fund to:
(i) sell,
transfer, exchange or otherwise dispose of any of the assets of the Trust
Fund;
(ii) dissolve
or liquidate the Trust Fund in whole or in part;
(iii) engage,
directly or indirectly, in any business other than that arising out of
the issue
of the Certificates, and the actions contemplated or required to be performed
under this Agreement;
(iv) incur,
create or assume any indebtedness for borrowed money;
(v) voluntarily
file a petition for bankruptcy, reorganization, assignment for the benefit
of
creditors or similar proceeding; or
(vi) merge,
convert or consolidate with any other Person.
Section
2.07 Purposes
and Powers of the Trust.
The
purpose of the common law trust, as created hereunder, is to engage in
the
following activities:
(i) acquire
and hold, as set forth in this Agreement, the Mortgage Loans and the other
assets of the Trust Fund and the proceeds therefrom for the benefit of
the
Certificateholders;
(ii) to
issue
the Certificates sold to the Depositor in exchange for the Mortgage Loans
and
any other assets of the Issuing Entity;
(iii) to
make
distributions on the Certificates;
(iv) to
engage
in those activities that are necessary, suitable or convenient to accomplish
the
foregoing or are incidental thereto or connected therewith; and
(v) subject
to compliance with this Agreement, to engage in such other activities as
may be
required in connection with conservation of the Trust Fund and the making
of
distributions to the Certificateholders.
The
trust
is hereby authorized to engage in the foregoing activities.
The
Trustee shall not cause the trust to engage in any activity other than
in
connection with the foregoing or other than as required or authorized by
the
terms of this Agreement while any Certificate is outstanding, and this
Section 2.07 may not be amended, without the consent of the
Certificateholders evidencing 51% or more of the aggregate voting rights
of the
Certificates.
ARTICLE
III
ADMINISTRATION
AND SERVICING
OF
THE
TRUST FUND
Section
3.01 Administration
and Servicing of Mortgage Loans.
(a) The
Master Servicer shall supervise, monitor and oversee the obligation of
the
Servicer to service and administer the Mortgage Loans in accordance with
the
terms of the Servicing Agreement and shall have full power and authority
to do
any and all things which it may deem necessary or desirable in connection
with
such master servicing and administration. In performing its obligations
hereunder, the Master Servicer shall act in a manner consistent with Accepted
Master Servicing Practices. Furthermore, the Master Servicer shall oversee
and
consult with the Servicer as necessary from time-to-time to carry out the
Master
Servicer’s obligations hereunder, shall receive, review and evaluate all
reports, information and other data provided to the Master Servicer by
the
Servicer and shall cause the Servicer to perform and observe the covenants,
obligations and conditions to be performed or observed by the Servicer
under the
Servicing Agreement. The Master Servicer shall independently and separately
monitor the Servicer’s servicing activities with respect to each related
Mortgage Loan, reconcile the results of such monitoring with such information
provided in the previous sentence on a monthly basis and coordinate corrective
adjustments to the Servicer’s and Master Servicer’s records, and based on such
reconciled and corrected information, the Master Servicer shall provide
such
information to the Securities Administrator as shall be necessary in order
for
it to prepare the statements specified in Section 4.03, and prepare any
other information and statements required to be forwarded by the Master
Servicer
hereunder. The Master Servicer shall reconcile the results of its Mortgage
Loan
monitoring with the actual remittances of the Servicer to the Custodial
Account
pursuant to the Servicing Agreement.
In
addition to the foregoing, in connection with a modification of any Mortgage
Loan by the Servicer, if the Master Servicer is unable to enforce the
obligations of the Servicer with respect to such modification, the Master
Servicer shall notify the Depositor of such Servicer’s failure to comply with
the terms of the Servicing Agreement or this Agreement. If the Servicing
Agreement requires the approval of the Master Servicer for a modification
to a
Mortgage Loan, the Master Servicer shall approve such modification if,
based
upon its receipt of written notification from the Servicer outlining the
terms
of such modification and appropriate supporting documentation, the Master
Servicer determines that the modification is permitted under the terms
of the
Servicing Agreement and that any conditions to such modification set forth
in
the Servicing Agreement have been satisfied. Furthermore, if the Servicing
Agreement requires the oversight and monitoring of loss mitigation measures
with
respect to the related Mortgage Loans, the Master Servicer will monitor
any loss
mitigation procedure or recovery action related to a defaulted Mortgage
Loan (to
the extent it receives notice of such from the Servicer) and confirm that
such
loss mitigation procedure or recovery action is initiated, conducted and
concluded in accordance with any timeframes and any other requirements
set forth
in the Servicing Agreement, and the Master Servicer shall notify the Depositor
in any case in which the Master Servicer believes that the Servicer is
not
complying with such timeframes and/or other requirements.
The
Trustee shall furnish the Servicer and the Master Servicer with any powers
of
attorney and other documents in form as provided to it and reasonably acceptable
to it necessary or appropriate to enable the Servicer and the Master Servicer
to
service and administer the related Mortgage Loans and REO Property.
The
Trustee shall provide access to the records and documentation in possession
of
the Trustee regarding the related Mortgage Loans and REO Property and the
servicing thereof to the Certificateholders, the FDIC, and the supervisory
agents and examiners of the FDIC, such access being afforded only upon
reasonable prior written request and during normal business hours at the
office
of the Trustee; provided, however, that, unless otherwise required by law,
the
Trustee shall not be required to provide access to such records and
documentation if the provision thereof would violate the legal right to
privacy
of any Mortgagor. The Trustee shall allow representatives of the above
entities
to photocopy any of the records and documentation and shall provide equipment
for that purpose at a charge that covers the Trustee’s actual
costs.
The
Trustee shall execute and deliver to the Servicer and the Master Servicer
any
court pleadings, requests for trustee’s sale or other documents necessary or
desirable to (i) the foreclosure or trustee’s sale with respect to a Mortgaged
Property; (ii) any legal action brought to obtain judgment against any
Mortgagor
on the Mortgage Note or Security Instrument; (iii) obtain a deficiency
judgment
against the Mortgagor; or (iv) enforce any other rights or remedies provided
by
the Mortgage Note or Security Instrument or otherwise available at law
or
equity.
(b) Consistent
with the terms of this Agreement, the Master Servicer may waive, modify
or vary
any term of any Mortgage Loan or consent to the postponement of strict
compliance with any such term or in any manner grant indulgence to any
Mortgagor
if such waiver, modification, postponement or indulgence is in conformity
with
the Accepted Servicing Practices; provided, however, that:
(A) the
Master Servicer shall not make future advances (except as provided in
Section 4.03);
(B) the
Master Servicer shall not permit any modification with respect to any Mortgage
Loan that would change the Mortgage Rate, defer or forgive the payment
of any
principal or interest payments, reduce the outstanding Stated Principal
Balance
(except for reductions resulting from actual payments of principal) or
extend
the final maturity date on such Mortgage Loan (unless (i) the Mortgagor
is in
default with respect to the Mortgage Loan or (ii) such default is, in the
judgment of the Master Servicer, reasonably foreseeable within the next
90
days); and
(C) the
Master Servicer shall not consent to (i) partial releases of Mortgages,
(ii)
alterations, (iii) removal, demolition or division of properties subject
to
Mortgages, (iv) modification or (v) second mortgage subordination agreements
with respect to any Mortgage Loan that would: (i) affect adversely the
status of
any REMIC as a REMIC, (ii) cause any REMIC to be subject to a tax on “prohibited
transactions” or “contributions” pursuant to the REMIC Provisions, or (iii) both
(x) effect an exchange or reissuance of such Mortgage Loan under
Section 1001 of the Code (or Treasury regulations promulgated thereunder)
and (y) cause any REMIC constituting part of the Trust Fund to fail to
qualify
as a REMIC under the Code or the imposition of any tax on “prohibited
transactions” or “contributions” after the Startup Day under the REMIC
Provisions.
The
provisions of this Section 3.01(b) shall apply to the exercise of such
waiver, modification, postponement or indulgence rights by the Master Servicer
in its capacity as such and shall not apply to the exercise of any similar
rights by the Servicer, who shall instead by subject to the provisions
of the
Servicing Agreement. Such waiver, modification, postponement and indulgence
rights of the Master Servicer set forth in this Section shall not be construed
as a duty.
(c) The
Master Servicer shall enforce the obligation of the Servicer under the
Servicing
Agreement in connection with the waiver of Prepayment Charges in accordance
with
the criteria therein and to pay the amount of any waived Prepayment
Charges.
Section
3.02 REMIC-Related
Covenants.
For
as
long as each REMIC shall exist, the Trustee, the Master Servicer and the
Securities Administrator shall act in accordance herewith to assure continuing
treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer
and the
Securities Administrator shall comply with any directions of the Depositor,
the
Servicer or the Master Servicer to assure such continuing treatment. In
particular, the Trustee shall not (a) sell or permit the sale of all or
any
portion of the Mortgage Loans or of any investment of deposits in an Account
unless such sale is as a result of a repurchase of the Mortgage Loans pursuant
to this Agreement or the Trustee has received a REMIC Opinion addressed
to the
Trustee prepared at the expense of the Trust Fund; and (b) other than with
respect to a substitution pursuant to the Mortgage Loan Purchase Agreement
or
Section 2.04 of this Agreement, as applicable, accept any contribution to
any REMIC after the Startup Day without receipt of a REMIC Opinion addressed
to
the Trustee.
Section
3.03 Monitoring
of Servicer.
(a) The
Master Servicer shall be responsible for reporting to the Trustee and the
Depositor the compliance by the Servicer with its duties under the Servicing
Agreement. In the review of the Servicer’s activities, the Master Servicer may
rely upon an officer’s certificate of the Servicer (or similar document signed
by an officer of the Servicer) with regard to the Servicer’s compliance with the
terms of its Servicing Agreement. In the event that the Master Servicer,
in its
judgment, determines that the Servicer should be terminated in accordance
with
its Servicing Agreement, or that a notice should be sent pursuant to such
Servicing Agreement with respect to the occurrence of an event that, unless
cured, would constitute grounds for such termination, the Master Servicer
shall
notify the Depositor and the Trustee thereof and the Master Servicer shall
issue
such notice or take such other action as it deems appropriate.
(b) The
Master Servicer, for the benefit of the Trustee and the Certificateholders,
shall enforce the obligations of the Servicer under the Servicing Agreement,
and
shall, in the event that the Servicer fails to perform its obligations
in
accordance with the Servicing Agreement, subject to the preceding paragraph,
terminate the rights and obligations of the Servicer thereunder and act
as
servicer of the related Mortgage Loans or to cause the Trustee to enter
in to a
new Servicing Agreement with a successor Servicer selected by the Master
Servicer; provided, however, it is understood and acknowledged by the parties
hereto that there will be a period of transition (not to exceed 90 days)
before
the actual servicing functions can be fully transferred to such successor
Servicer. Such enforcement, including, without limitation, the legal prosecution
of claims, termination of Servicing Agreement and the pursuit of other
appropriate remedies, shall be in such form and carried out to such an
extent
and at such time as the Master Servicer, in its good faith business judgment,
would require were it the owner of the related Mortgage Loans. The Master
Servicer shall pay the costs of such enforcement at its own expense, provided
that the Master Servicer shall not be required to prosecute or defend any
legal
action except to the extent that the Master Servicer shall have received
reasonable indemnity for its costs and expenses in pursuing such
action.
(c) To
the
extent that the costs and expenses of the Master Servicer related to any
termination of the Servicer, appointment of a successor Servicer or the
transfer
and assumption of servicing by the Master Servicer with respect to any
Servicing
Agreement (including, without limitation, (i) all legal costs and expenses
and
all due diligence costs and expenses associated with an evaluation of the
potential termination of the Servicer as a result of an event of default
by the
Servicer and (ii) all costs and expenses associated with the complete transfer
of servicing, including all servicing files and all servicing data and
the
completion, correction or manipulation of such servicing data as may be
required
by the successor servicer to correct any errors or insufficiencies in the
servicing data or otherwise to enable the successor service to service
the
Mortgage Loans in accordance with the Servicing Agreement) are not fully
and
timely reimbursed by the terminated Servicer, the Master Servicer shall
be
entitled to reimbursement of such costs and expenses from the Custodial
Account.
(d) The
Master Servicer shall require the Servicer to comply with the remittance
requirements and other obligations set forth in the Servicing
Agreement.
(e) If
the
Master Servicer acts as Servicer, it will not assume liability for the
representations and warranties of the Servicer, if any, that it
replaces.
Section
3.04 Fidelity
Bond.
The
Master Servicer, at its expense, shall maintain in effect a blanket fidelity
bond and an errors and omissions insurance policy, affording coverage with
respect to all directors, officers, employees and other Persons acting
on such
Master Servicer’s behalf, and covering errors and omissions in the performance
of the Master Servicer’s obligations hereunder. The errors and omissions
insurance policy and the fidelity bond shall be in such form and amount
generally acceptable for entities serving as master servicers or
trustees.
Section
3.05 Power
to
Act; Procedures.
The
Master Servicer shall master service the Mortgage Loans and shall have
full
power and authority, subject to the REMIC Provisions and the provisions
of
Article X hereof, to do any and all things that it may deem necessary or
desirable in connection with the master servicing and administration of
the
Mortgage Loans, including but not limited to the power and authority (i)
to
execute and deliver, on behalf of the Certificateholders and the Trustee,
customary consents or waivers and other instruments and documents, (ii)
to
consent to transfers of any Mortgaged Property and assumptions of the Mortgage
Notes and related Mortgages, (iii) to collect any Insurance Proceeds,
Liquidation Proceeds and Subsequent Recoveries, and (iv) to effectuate
foreclosure or other conversion of the ownership of the Mortgaged Property
securing any Mortgage Loan, in each case, in accordance with the provisions
of
this Agreement and the Servicing Agreement, as applicable; provided, however,
that the Master Servicer shall not (and, consistent with its responsibilities
under Section 3.03, shall not permit the Servicer to) knowingly or
intentionally take any action, or fail to take (or fail to cause to be
taken)
any action reasonably within its control and the scope of duties more
specifically set forth herein, that, under the REMIC Provisions, if taken
or not
taken, as the case may be, would cause any REMIC to fail to qualify as
a REMIC
or result in the imposition of a tax upon the Trust Fund (including but
not
limited to the tax on prohibited transactions as defined in
Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set
forth in Section 860G(d) of the Code) unless the Master Servicer has
received an Opinion of Counsel (but not at the expense of the Master Servicer)
to the effect that the contemplated action would not cause any REMIC to
fail to
qualify as a REMIC or result in the imposition of a tax upon any REMIC.
The
Trustee shall furnish the Master Servicer, upon written request from a
Servicing
Officer, with any powers of attorney (in a form acceptable to the Trustee)
empowering the Master Servicer or the Servicer to execute and deliver
instruments of satisfaction or cancellation, or of partial or full release
or
discharge, and to foreclose upon or otherwise liquidate Mortgaged Property,
and
to appeal, prosecute or defend in any court action relating to the Mortgage
Loans or the Mortgaged Property, in accordance with the Servicing Agreement
and
this Agreement, and the Trustee shall execute and deliver such other documents,
as the Master Servicer may request, to enable the Master Servicer to master
service and administer the Mortgage Loans and carry out its duties hereunder,
in
each case in accordance with Accepted Master Servicing Practices (and the
Trustee shall have no liability for misuse of any such powers of attorney
by the
Master Servicer or the Servicer). If the Master Servicer or the Trustee
has been
advised that it is likely that the laws of the state in which action is
to be
taken prohibit such action if taken in the name of the Trustee or that
the
Trustee would be adversely affected under the “doing business” or tax laws of
such state if such action is taken in its name, the Master Servicer shall
join
with the Trustee in the appointment of a co-trustee pursuant to
Section 8.10 hereof. In the performance of its duties hereunder, the Master
Servicer shall be an independent contractor and shall not, except in those
instances where it is taking action in the name of the Trustee, be deemed
to be
the agent of the Trustee.
Section
3.06 Due-on-Sale
Clauses; Assumption Agreements.
To
the
extent provided in the Servicing Agreement, to the extent Mortgage Loans
contain
enforceable due-on-sale clauses, the Master Servicer shall cause the Servicer
to
enforce such clauses in accordance with the Servicing Agreement. If applicable
law prohibits the enforcement of a due-on-sale clause or such clause is
otherwise not enforced in accordance with the Servicing Agreement, and,
as a
consequence, a Mortgage Loan is assumed, the original Mortgagor may be
released
from liability in accordance with the Servicing Agreement.
Section
3.07 Release
of Mortgage Files.
(a) Upon
becoming aware of the payment in full of any Mortgage Loan, or the receipt
by
the Servicer of a notification that payment in full has been escrowed in
a
manner customary for such purposes for payment to Certificateholders on
the next
Distribution Date, the Servicer will, if required under the Servicing Agreement
(or if the Servicer does not, the Master Servicer may), promptly furnish
to the
Custodian, on behalf of the Trustee, two copies of a certification substantially
in the form of Exhibit F hereto signed by an officer of the Servicer or
in a
mutually agreeable electronic format which will, in lieu of a signature
on its
face, originate from a Servicing Officer (which certification shall include
a
statement to the effect that all amounts received in connection with such
payment that are required to be deposited in the Protected Account maintained
by
the Servicer pursuant to Section 3.16 or by the Servicer pursuant to its
Servicing Agreement have been or will be so deposited) and shall request
that
the Custodian, on behalf of the Trustee, deliver to the Servicer the related
Mortgage File. Upon receipt of such certification and request, the Custodian,
on
behalf of the Trustee, shall promptly release the related Mortgage File
to the
Servicer and the Trustee and Custodian shall have no further responsibility
with
regard to such Mortgage File. Upon any such payment in full, the Servicer
is
authorized, to give, as agent for the Trustee, as the mortgagee under the
Mortgage that secured the Mortgage Loan, an instrument of satisfaction
(or
assignment of mortgage without recourse) regarding the Mortgaged Property
subject to the Mortgage, which instrument of satisfaction or assignment,
as the
case may be, shall be delivered to the Person or Persons entitled thereto
against receipt therefor of such payment, it being understood and agreed
that no
expenses incurred in connection with such instrument of satisfaction or
assignment, as the case may be, shall be chargeable to the Protected
Account.
(b) From
time
to time and as appropriate for the servicing or foreclosure of any Mortgage
Loan
and in accordance with the Servicing Agreement, the Trustee shall execute
such
documents as shall be prepared and furnished to the Trustee by the Servicer
or
the Master Servicer (in form reasonably acceptable to the Trustee) and
as are
necessary to the prosecution of any such proceedings. The Custodian, on
behalf
of the Trustee, shall, upon the request of the Servicer or the Master Servicer,
and delivery to the Custodian, on behalf of the Trustee, of two copies
of a
request for release signed by a Servicing Officer substantially in the
form of
Exhibit F (or in a mutually agreeable electronic format which will, in
lieu of a
signature on its face, originate from a Servicing Officer), release the
related
Mortgage File held in its possession or control to the Servicer or the
Master
Servicer, as applicable. Such trust receipt shall obligate the Servicer
or the
Master Servicer to return the Mortgage File to the Custodian on behalf
of the
Trustee, when the need therefor by the Servicer or the Master Servicer
no longer
exists unless the Mortgage Loan shall be liquidated, in which case, upon
receipt
of a certificate of a Servicing Officer similar to that hereinabove specified,
the Mortgage File shall be released by the Custodian, on behalf of the
Trustee,
to the Servicer or the Master Servicer.
Section
3.08 Documents,
Records and Funds in Possession of Master Servicer To Be Held for
Trustee.
(a) The
Master Servicer shall transmit and the Servicer (to the extent required
by the
Servicing Agreement) shall transmit to the Trustee or Custodian such documents
and instruments coming into the possession of the Master Servicer or the
Servicer from time to time as are required by the terms hereof, or in the
case
of the Servicer, the Servicing Agreement, to be delivered to the Trustee
or
Custodian. Any funds received by the Master Servicer or by the Servicer
in
respect of any Mortgage Loan or which otherwise are collected by the Master
Servicer or by the Servicer as Liquidation Proceeds, Insurance Proceeds
or
Subsequent Recoveries in respect of any Mortgage Loan shall be held for
the
benefit of the Trustee and the Certificateholders subject to the Master
Servicer’s right to retain or withdraw from the Custodial Account the Master
Servicing Compensation and other amounts provided in this Agreement, and
to the
right of the Servicer to retain its Servicing Fee and other amounts as
provided
in the Servicing Agreement. The Master Servicer shall, and (to the extent
provided in the Servicing Agreement) shall cause the Servicer to, provide
access
to information and documentation regarding the Mortgage Loans to the Trustee,
its agents and accountants at any time upon reasonable request and during
normal
business hours, and to Certificateholders that are savings and loan
associations, banks or insurance companies, the Office of Thrift Supervision,
the FDIC and the supervisory agents and examiners of such Office and Corporation
or examiners of any other federal or state banking or insurance regulatory
authority if so required by applicable regulations of the Office of Thrift
Supervision or other regulatory authority, such access to be afforded without
charge but only upon reasonable request in writing and during normal business
hours at the offices of the Master Servicer designated by it. In fulfilling
such
a request the Master Servicer shall not be responsible for determining
the
sufficiency of such information.
(b) All
Mortgage Files and funds collected or held by, or under the control of,
the
Master Servicer, in respect of any Mortgage Loans, whether from the collection
of principal and interest payments or from Liquidation Proceeds, Insurance
Proceeds or Subsequent Recoveries, shall be held by the Master Servicer
for and
on behalf of the Trustee and the Certificateholders and shall be and remain
the
sole and exclusive property of the Trustee; provided, however, that the
Master
Servicer and the Servicer shall be entitled to setoff against, and deduct
from,
any such funds any amounts that are properly due and payable to the Master
Servicer or the Servicer under this Agreement or the Servicing
Agreement.
Section
3.09 Standard
Hazard Insurance and Flood Insurance Policies.
(a) For
each
Mortgage Loan, the Master Servicer shall enforce any obligation of the
Servicer
under the Servicing Agreement to maintain or cause to be maintained standard
fire and casualty insurance and, where applicable, flood insurance, all
in
accordance with the provisions of the Servicing Agreement. It is understood
and
agreed that such insurance shall be with insurers meeting the eligibility
requirements set forth in the Servicing Agreement and that no earthquake
or
other additional insurance is to be required of any Mortgagor or to be
maintained on property acquired in respect of a defaulted loan, other than
pursuant to such applicable laws and regulations as shall at any time be
in
force and as shall require such additional insurance.
(b) Pursuant
to Section 3.16 and 3.17, any amounts collected by the Servicer or the
Master Servicer, or by the Servicer, under any insurance policies (other
than
amounts to be applied to the restoration or repair of the property subject
to
the related Mortgage or released to the Mortgagor in accordance with the
Servicing Agreement) shall be deposited into the Custodial Account, subject
to
withdrawal pursuant to Section 3.17 and 3.18. Any cost incurred by the
Master Servicer or the Servicer in maintaining any such insurance if the
Mortgagor defaults in its obligation to do so shall be added to the amount
owing
under the Mortgage Loan where the terms of the Mortgage Loan so permit;
provided, however, that the addition of any such cost shall not be taken
into
account for purposes of calculating the distributions to be made to
Certificateholders and shall be recoverable by the Master Servicer or the
Servicer pursuant to Section 3.17 and 3.18.
Section
3.10 Presentment
of Claims and Collection of Proceeds.
The
Master Servicer shall (to the extent provided in the Servicing Agreement)
cause
the Servicer to prepare and present on behalf of the Trustee and the
Certificateholders all claims under the Insurance Policies and take such
actions
(including the negotiation, settlement, compromise or enforcement of the
insured’s claim) as shall be necessary to realize recovery under such policies.
Any proceeds disbursed to the Master Servicer (or disbursed to the Servicer
and
remitted to the Master Servicer) in respect of such policies, bonds or
contracts
shall be promptly deposited in the Custodial Account upon receipt, except
that
any amounts realized that are to be applied to the repair or restoration
of the
related Mortgaged Property as a condition precedent to the presentation
of
claims on the related Mortgage Loan to the insurer under any applicable
Insurance Policy need not be so deposited (or remitted).
Section
3.11 Maintenance
of the Primary Mortgage Insurance Policies.
(a) The
Master Servicer shall not take, or permit the Servicer (to the extent such
action is prohibited under the Servicing Agreement) to take, any action
that
would result in noncoverage under any applicable Primary Mortgage Insurance
Policy of any loss which, but for the actions of the Master Servicer or
the
Servicer, would have been covered thereunder. The Master Servicer shall
use its
best reasonable efforts to cause the Servicer (to the extent required under
the
Servicing Agreement) to keep in force and effect (to the extent that the
Mortgage Loan requires the Mortgagor to maintain such insurance), primary
mortgage insurance applicable to each Mortgage Loan in accordance with
the
provisions of this Agreement and the Servicing Agreement, as applicable.
The
Master Servicer shall not, and shall not permit the Servicer (to the extent
required under the Servicing Agreement) to, cancel or refuse to renew any
such
Primary Mortgage Insurance Policy that is in effect at the date of the
initial
issuance of the Mortgage Note and is required to be kept in force hereunder
except in accordance with the provisions of this Agreement and the Servicing
Agreement, as applicable.
(b) The
Master Servicer agrees to present, or to cause the Servicer (to the extent
required under the Servicing Agreement) to present, on behalf of the Trustee
and
the Certificateholders, claims to the insurer under any Primary Mortgage
Insurance Policies and, in this regard, to take such reasonable action
as shall
be necessary to permit recovery under any Primary Mortgage Insurance Policies
respecting defaulted Mortgage Loans. Pursuant to Section 3.16 and 3.17, any
amounts collected by the Master Servicer or the Servicer under any Primary
Mortgage Insurance Policies shall be deposited in the Custodial Account,
subject
to withdrawal pursuant to Sections 3.17 and 3.18.
Section
3.12 Trustee
to Retain Possession of Certain Insurance Policies and Documents.
The
Trustee (or the Custodian, as directed by the Trustee), shall retain possession
and custody of the originals (to the extent available) of any Primary Mortgage
Insurance Policies, or certificate of insurance if applicable, and any
certificates of renewal as to the foregoing as may be issued from time
to time
as contemplated by this Agreement. Until all amounts distributable in respect
of
the Certificates have been distributed in full and the Master Servicer
otherwise
has fulfilled its obligations under this Agreement, the Trustee (or its
Custodian, if any, as directed by the Trustee) shall also retain possession
and
custody of each Mortgage File in accordance with and subject to the terms
and
conditions of this Agreement. The Master Servicer shall promptly deliver
or
cause to be delivered to the Trustee (or the Custodian, as directed by
the
Trustee), upon the execution or receipt thereof the originals of any Primary
Mortgage Insurance Policies, any certificates of renewal, and such other
documents or instruments that constitute portions of the Mortgage File
that come
into the possession of the Master Servicer from time to time.
Section
3.13 Realization
Upon Defaulted Mortgage Loans.
The
Master Servicer shall cause the Servicer (to the extent required under
the
Servicing Agreement) to foreclose upon, repossess or otherwise comparably
convert the ownership of Mortgaged Properties securing such of the Mortgage
Loans as come into and continue in default and as to which no satisfactory
arrangements can be made for collection of delinquent payments, all in
accordance with the Servicing Agreement.
Section
3.14 Compensation
for the Master Servicer.
The
Master Servicer will be entitled to the Master Servicing Fee and all income
and
gain realized from any investment of funds in the Certificate Account and
the
Custodial Account, pursuant to Article IV, for the performance of its activities
hereunder. Servicing compensation in the form of assumption fees, if any,
late
payment charges, as collected, if any, or otherwise (but not including
any
Prepayment Charge) shall be retained by the Servicer and shall not be deposited
in the Protected Account. The Master Servicer shall be required to pay
all
expenses incurred by it in connection with its activities hereunder and
shall
not be entitled to reimbursement therefor except as provided in this
Agreement.
Section
3.15 REO
Property.
(a) In
the
event the Trust Fund acquires ownership of any REO Property in respect
of any
related Mortgage Loan, the deed or certificate of sale shall be issued
to the
Trustee, or to its nominee, on behalf of the related Certificateholders.
The
Master Servicer shall, to the extent provided in the Servicing Agreement,
cause
the Servicer to sell any REO Property as expeditiously as possible and
in
accordance with the provisions of this Agreement and the Servicing Agreement,
as
applicable. Pursuant to its efforts to sell such REO Property, the Master
Servicer shall cause the Servicer to protect and conserve, such REO Property
in
the manner and to the extent required by the Servicing Agreement, in accordance
with the REMIC Provisions and in a manner that does not result in a tax
on “net
income from foreclosure property” or cause such REO Property to fail to qualify
as “foreclosure property” within the meaning of Section 860G(a)(8) of the
Code.
(b) The
Master Servicer shall, to the extent required by the Servicing Agreement,
cause
the Servicer to deposit all funds collected and received in connection
with the
operation of any REO Property in the Protected Account.
(c) The
Master Servicer and the Servicer, upon the final disposition of any REO
Property, shall be entitled to reimbursement for any related unreimbursed
Monthly Advances and other unreimbursed advances as well as any unpaid
Servicing
Fees from Liquidation Proceeds received in connection with the final disposition
of such REO Property; provided, that any such unreimbursed Monthly Advances
as
well as any unpaid Servicing Fees may be reimbursed or paid, as the case
may be,
prior to final disposition, out of any net rental income or other net amounts
derived from such REO Property.
(d) To
the
extent provided in the Servicing Agreement, the Liquidation Proceeds from
the
final disposition of the REO Property, net of any payment to the Master
Servicer
and the Servicer as provided above shall be deposited in the Protected
Account
on or prior to the Determination Date in the month following receipt thereof
and
be remitted by wire transfer in immediately available funds to the Master
Servicer for deposit into the related Custodial Account on the next succeeding
Servicer Remittance Date.
Section
3.16 Protected
Accounts.
(a) The
Master Servicer shall enforce the obligation of the Servicer to establish
and
maintain a Protected Account in accordance with the Servicing Agreement,
with
records to be kept with respect thereto on a Mortgage Loan by Mortgage
Loan
basis, into which accounts shall be deposited within 48 hours (or as of
such
other time specified in the Servicing Agreement) of receipt, all collections
of
principal and interest on any Mortgage Loan and any REO Property received
by the
Servicer, including Principal Prepayments, Insurance Proceeds, Liquidation
Proceeds, and advances made from the Servicer’s own funds (less servicing
compensation as permitted by the Servicing Agreement in the case of the
Servicer) and all other amounts to be deposited in the Protected Account.
The
Servicer is hereby authorized to make withdrawals from and deposits to
the
related Protected Account for purposes required or permitted by this Agreement.
To the extent provided in the Servicing Agreement, the Protected Account
shall
be held by a Designated Depository Institution and segregated on the books
of
such institution in the name of the Trustee for the benefit of
Certificateholders.
(b) To
the
extent provided in the Servicing Agreement, amounts on deposit in a Protected
Account may be invested in Permitted Investments in the name of the Trustee
for
the benefit of Certificateholders and, except as provided in the preceding
paragraph, not commingled with any other funds. Such Permitted Investments
shall
mature, or shall be subject to redemption or withdrawal, no later than
the date
on which such funds are required to be withdrawn for deposit in the Custodial
Account, and shall be held until required for such deposit. The income
earned
from Permitted Investments made pursuant to this Section 3.16 shall be paid
to the Servicer under the Servicing Agreement, and the risk of loss of
moneys
required to be distributed to the Certificateholders resulting from such
investments shall be borne by and be the risk of the Servicer. The Servicer
(to
the extent provided in the Servicing Agreement) shall deposit the amount
of any
such loss in the Protected Account within two Business Days of receipt
of
notification of such loss but not later than the second Business Day prior
to
the Distribution Date on which the moneys so invested are required to be
distributed to the Certificateholders.
(c) To
the
extent provided in the Servicing Agreement and subject to this Article
III, on
or before each Servicer Remittance Date, the Servicer shall withdraw or
shall
cause to be withdrawn from its Protected Accounts and shall immediately
deposit
or cause to be deposited in the Custodial Account amounts representing
the
following collections and payments (other than with respect to principal
of or
interest on the Mortgage Loans due on or before the Cut-off Date):
(1) Scheduled
payments on the Mortgage Loans received or any related portion thereof
advanced
by the Servicer pursuant to its Servicing Agreement which were due on or
before
the related Due Date, net of the amount thereof comprising its Servicing
Fee and
any fees with respect to any lender-paid primary mortgage insurance
policy;
(2) Full
Principal Prepayments and any Liquidation Proceeds received by the Servicer
with
respect to the Mortgage Loans in the related Prepayment Period, with interest
to
the date of prepayment or liquidation, net of the amount thereof comprising
its
Servicing Fee and any Prepayment Interest Excess;
(3) Partial
Principal Prepayments received by the Servicer for the Mortgage Loans in
the
related Prepayment Period; and
(4) Any
amount to be used as a Monthly Advance.
(d) Withdrawals
may be made from an Account only to make remittances as provided in the
Servicing Agreement; to reimburse the Master Servicer or the Servicer for
Monthly Advances which have been recovered by subsequent collections from
the
related Mortgagor; to remove amounts deposited in error; to remove fees,
charges
or other such amounts deposited on a temporary basis; or to clear and terminate
the account at the termination of this Agreement in accordance with
Section 10.01. As provided in Sections 3.16(a) and 3.17(b) certain amounts
otherwise due to the Servicer may be retained by them and need not be deposited
in the Custodial Account. Reconciliations will be prepared for the Protected
Account within 45 calendar days after the bank statement cut-off date.
All items
requiring reconciliation will be resolved within 90 calendar days of their
original identification.
Section
3.17 Custodial
Account.
(a) The
Master Servicer shall establish and maintain in the name of the Trustee,
for the
benefit of the Certificateholders, the Custodial Account as a segregated
trust
account or accounts. The Custodial Account shall be an Eligible Account.
The
Master Servicer will deposit in the Custodial Account as identified by
the
Master Servicer and as received by the Master Servicer from the Servicer,
the
following amounts:
(1) Any
amounts withdrawn from a Protected Account;
(2) Any
Monthly Advance and any payments of Compensating Interest;
(3) Any
Insurance Proceeds, Net Liquidation Proceeds or Subsequent Recoveries received
by or on behalf of the Servicer or Master Servicer or which were not deposited
in a Protected Account;
(4) The
Purchase Price with respect to any Mortgage Loans purchased by the Sponsor
pursuant to the Mortgage Loan Purchase Agreement or Sections 2.02 or 2.03
hereof, any amounts which are to be treated pursuant to Section 2.04 of
this Agreement as the payment of a Purchase Price in connection with the
tender
of a Substitute Mortgage Loan by the Sponsor, the Purchase Price with respect
to
any Mortgage Loans purchased by the Depositor pursuant to Section 2.04, and
all proceeds of any Mortgage Loans or property acquired with respect thereto
repurchased by the Depositor or its designee pursuant to
Section 10.01;
(5) Any
amounts required to be deposited with respect to losses on investments
of
deposits in an Account; and
(6) Any
other
amounts received by or on behalf of the Master Servicer and required to
be
deposited in the Custodial Account pursuant to this Agreement.
(b) All
amounts deposited to the Custodial Account shall be held by the Master
Servicer
in the name of the Trustee in trust for the benefit of the Certificateholders
in
accordance with the terms and provisions of this Agreement. The requirements
for
crediting the Custodial Account or the Certificate Account shall be exclusive,
it being understood and agreed that, without limiting the generality of
the
foregoing, payments in the nature of (i) prepayment or late payment charges
or
assumption, tax service, statement account or payoff, substitution,
satisfaction, release and other like fees and charges and (ii) the items
enumerated in Subsection 3.20(a) need not be credited by the Master Servicer
or
the Servicer to the Certificate Account or the Custodial Account, as applicable.
In the event that the Master Servicer shall deposit or cause to be deposited
to
the Custodial Account any amount not required to be credited thereto, the
Securities Administrator, upon receipt of a written request therefor signed
by a
Servicing Officer of the Master Servicer, shall promptly transfer such
amount to
the Master Servicer, any provision herein to the contrary
notwithstanding.
(c) The
amount at any time credited to the Custodial Account may be invested, in
the
name of the Trustee, or its nominee, for the benefit of the Certificateholders,
in Permitted Investments as directed by Master Servicer. All Permitted
Investments shall mature or be subject to redemption or withdrawal on or
before,
and shall be held until, the next succeeding Certificate Account Deposit
Date.
Any and all investment earnings on amounts on deposit in the Master Servicer
Account from time to time shall be for the account of the Master Servicer.
The
Master Servicer from time to time shall be permitted to withdraw or receive
distribution of any and all investment earnings from the Master Servicer
Account. The risk of loss of moneys required to be distributed to the
Certificateholders resulting from such investments shall be borne by and
be the
risk of the Master Servicer. The Master Servicer shall deposit the amount
of any
such loss in the Custodial Account within two Business Days of receipt
of
notification of such loss but not later than the second Business Day prior
to
the Distribution Date on which the moneys so invested are required to be
distributed to the Certificateholders.
Section
3.18 Permitted
Withdrawals and Transfers from the Custodial Account.
(a) The
Master Servicer will, from time to time on demand of the Servicer or the
Securities Administrator, make or cause to be made such withdrawals or
transfers
from the Custodial Account as the Master Servicer has designated for such
transfer or withdrawal pursuant to this Agreement and the Servicing Agreement.
The Master Servicer may clear and terminate the Custodial Account pursuant
to
Section 10.01 and remove amounts from time to time deposited in
error.
(b) On
an
ongoing basis, the Master Servicer shall withdraw from the Custodial Account
(i)
any expenses recoverable by the Trustee, the Master Servicer or the Securities
Administrator or the Custodian pursuant to Sections 3.03 and 6.03 and (ii)
any
amounts payable to the Master Servicer as set forth in
Section 3.14.
(c) In
addition, on or before each Certificate Account Deposit Date, the Master
Servicer shall deposit in the Certificate Account (or remit to the Securities
Administrator for deposit therein) any Monthly Advances required to be
made by
the Master Servicer with respect to the Mortgage Loans.
(d) No
later
than 3:00 p.m. New York time on each Certificate Account Deposit Date,
the
Master Servicer will transfer all Available Distribution Amount on deposit
in
the Custodial Account with respect to the related Distribution Date to
the
Securities Administrator for deposit in the Certificate Account.
Section
3.19 Certificate
Account.
(a) The
Securities Administrator shall establish and maintain in the name of the
Trustee, for the benefit of the Certificateholders, the Certificate Account
as a
segregated trust account or accounts and it may be a sub-account of the
Custodial Account.
(b) All
amounts deposited to the Certificate Account shall be held by the Securities
Administrator in the name of the Trustee in trust for the benefit of the
Certificateholders in accordance with the terms and provisions of this
Agreement.
(c) The
Certificate Account shall constitute a trust account of the Trust Fund
segregated on the books of the Securities Administrator on behalf of the
Trustee, and the Certificate Account and the funds deposited therein shall
not
be subject to, and shall be protected from, all claims, liens, and encumbrances
of any creditors or depositors of the Trustee, the Securities Administrator
or
the Master Servicer (whether made directly, or indirectly through a liquidator
or receiver of the Trustee or the Master Servicer). The Certificate Account
shall be an Eligible Account. The Certificate Account may be a sub-account
of
the Custodial Account and in such case any withdrawals from the Custodial
Account and deposits into the Certificate Account shall be deemed to have
been
made. The amount at any time credited to the Certificate Account shall
be (i)
held in cash and fully insured by the FDIC to the maximum coverage provided
thereby or (ii) invested in the name of the Trustee, in such Permitted
Investments selected by the Securities Administrator or deposited in demand
deposits with such depository institutions as selected by the Securities
Administrator, provided that time deposits of such depository institutions
would
be a Permitted Investment. All Permitted Investments shall mature or be
subject
to redemption or withdrawal on or before, and shall be held until, the
next
succeeding Distribution Date if the obligor, manager or advisor for such
Permitted Investment is an affiliate of the Securities Administrator or,
if such
obligor is any other Person, the Business Day preceding such Distribution
Date.
All investment earnings on amounts on deposit in the Certificate Account
or
benefit from funds uninvested therein from time to time shall be for the
account
of the Securities Administrator. The Securities Administrator shall be
permitted
to withdraw or receive distribution of any and all investment earnings
from the
Certificate Account on each Distribution Date. If there is any loss on
a
Permitted Investment or demand deposit, the Securities Administrator shall
deposit the amount of the loss to the Certificate Account. With respect
to the
Certificate Account and the funds deposited therein, the Master Servicer
shall
take such action as may be necessary to ensure that the Certificateholders
shall
be entitled to the priorities afforded to such a trust account (in addition
to a
claim against the estate of the Trustee) as provided by 12 U.S.C. § 92a(e), and
applicable regulations pursuant thereto, if applicable, or any applicable
comparable state statute applicable to state chartered banking
corporations.
Section
3.20 Permitted
Withdrawals and Transfers from the Certificate Account.
(a) The
Securities Administrator will, from time to time, make or cause to be made
such
withdrawals or transfers from the Certificate Account as the Securities
Administrator has designated for such transfer or withdrawal pursuant to
this
Agreement and the Servicing Agreement:
(1) to
reimburse the Master Servicer or the Servicer for any Monthly Advance of
its own
funds, the right of the Master Servicer or the Servicer to reimbursement
pursuant to this subclause (i) being limited to amounts received on a particular
Mortgage Loan (including, for this purpose, the Purchase Price therefor,
Insurance Proceeds and Liquidation Proceeds) which represent late payments
or
recoveries of the principal of or interest on such Mortgage Loan respecting
which such Monthly Advance was made;
(2) to
reimburse the Master Servicer or the Servicer from Insurance Proceeds or
Liquidation Proceeds relating to a particular Mortgage Loan for amounts
expended
by the Master Servicer or the Servicer in good faith in connection with
the
restoration of the related Mortgaged Property which was damaged by an Uninsured
Cause or in connection with the liquidation of such Mortgage Loan;
(3) to
reimburse the Master Servicer or the Servicer from Insurance Proceeds relating
to a particular Mortgage Loan for insured expenses incurred with respect
to such
Mortgage Loan and to reimburse the Master Servicer or the Servicer from
Liquidation Proceeds from a particular Mortgage Loan for Liquidation Expenses
incurred with respect to such Mortgage Loan; provided that the Master Servicer
shall not be entitled to reimbursement for Liquidation Expenses with respect
to
a Mortgage Loan to the extent that (i) any amounts with respect to such
Mortgage
Loan were paid as Excess Liquidation Proceeds pursuant to clause (xi) of
this
Subsection 3.20(a) to the Master Servicer; and (ii) such Liquidation Expenses
were not included in the computation of such Excess Liquidation
Proceeds;
(4) to
reimburse the Master Servicer or the Servicer for advances of funds (other
than
Monthly Advances) made with respect to the Mortgage Loans, and the right
to
reimbursement pursuant to this subclause being limited to amounts received
on
the related Mortgage Loan (including, for this purpose, the Purchase Price
therefor, Insurance Proceeds and Liquidation Proceeds) which represent
late
recoveries of the payments for which such advances were made;
(5) to
reimburse the Master Servicer or the Servicer for any Monthly Advance or
advance, after a Realized Loss has been allocated with respect to the related
Mortgage Loan if the Monthly Advance or advance has not been reimbursed
pursuant
to clauses (1) and (4);
(6) to
pay
the Master Servicer as set forth in Section 3.14;
(7) to
reimburse the Master Servicer for expenses, costs and liabilities incurred
by
and reimbursable to it pursuant to Sections 3.03 and 6.03;
(8) to
pay to
the Master Servicer, as additional servicing compensation, any Excess
Liquidation Proceeds to the extent not retained by the Servicer;
(9) to
reimburse or pay the Servicer any such amounts as are due thereto under
the
Servicing Agreement and have not been retained by or paid to the Servicer,
to
the extent provided in the Servicing Agreement;
(10) to
reimburse the Trustee, the Securities Administrator or the Custodian for
expenses, costs and liabilities incurred by or reimbursable to it pursuant
to
this Agreement;
(11) to
remove
amounts deposited in error; and
(12) to
clear
and terminate the Certificate Account pursuant to
Section 9.01.
(b) The
Master Servicer shall keep and maintain separate accounting, on a Mortgage
Loan
by Mortgage Loan basis, for the purpose of accounting for any reimbursement
from
the Certificate Account pursuant to subclauses (1) through (4) immediately
above
or with respect to any such amounts which would have been covered by such
subclauses had the amounts not been retained by the Master Servicer without
being deposited in the Certificate Account under
Section 3.18(b).
(c) On
each
Distribution Date, the Securities Administrator shall distribute the Available
Distribution Amount to the extent on deposit in the Certificate Account
to the
Holders of the Certificates and determined by the Securities
Administrator.
Section
3.21 Annual
Statement as to Compliance.
The
Master Servicer and the Securities Administrator shall deliver (or otherwise
make available) to the Depositor and the Securities Administrator, not
later
than March 15th
of each
calendar year beginning in 2007, an Officer’s Certificate (an “Annual Statement
of Compliance”) stating, as to each signatory thereof, that (i) a review of the
activities of each such party during the preceding calendar year or portion
thereof and of its performance under this Agreement or other applicable
servicing agreement has been made under such officer’s supervision and (ii) to
the best of such officer’s knowledge, based on such review, such party has
fulfilled all of its obligations under this Agreement or other applicable
servicing agreement in all material respects throughout such year, or,
if there
has been a failure to fulfill any such obligation in any material respect,
specifying each such failure known to such officer and the nature and status
of
the cure provisions thereof. Such Annual Statement of Compliance shall
contain
no restrictions or limitations on its use. The Master Servicer shall enforce
the
obligations of the Servicer, to the extent set forth in the Servicing Agreement,
to deliver a similar Annual Statement of Compliance by the Servicer to
the
Depositor and the Securities Administrator as described above as and when
required with respect to the Master Servicer. In the event that certain
servicing responsibilities with respect to any Mortgage Loan have been
delegated
to a subservicer or subcontractor, the delegating party shall cause such
subservicer or subcontractor (and with respect to the Servicer, the Master
Servicer shall enforce the obligation of such Servicer to the extent required
under the Servicing Agreement) to deliver a similar Annual Statement of
Compliance by such subservicer or subcontractor to the Depositor and the
Securities Administrator as described above as and when required with respect
to
the Master Servicer, the Servicer or Securities Administrator (as the case
may
be).
The
Master Servicer shall include all annual statements of compliance received
by it
from the Servicer and Cenlar as Subservicer with its own annual statement
of
compliance to be submitted to the Securities Administrator pursuant to
this
Section.
In
the
event the Master Servicer, the Securities Administrator, the Servicer or
any
subservicer or subcontractor engaged by any such party is terminated or
resigns
pursuant to the terms of this Agreement, or any applicable agreement in
the case
of the Servicer or a subservicer or subcontractor engaged by it, as the
case may
be, such party shall provide an Annual Statement of Compliance pursuant
to this
Section 3.21 or to such applicable agreement, as the case may be,
notwithstanding any such termination, assignment or resignation. Failure
of the
Securities Administrator to comply with this Section 3.21 (including with
respect to the timeframes required in this Section) which failure results
in a
failure to timely file the related Form 10-K, shall be deemed a default
and the
Trustee at the written direction of the Depositor shall, in addition to
whatever
rights the Trustee may have under this Agreement and at law or equity or
to
damages, including injunctive relief and specific performance, upon notice
immediately terminate all of the rights and obligations of the Securities
Administrator under this Agreement and in and to the Mortgage Loans and
the
proceeds thereof without compensating the Securities Administrator for
the same.
This paragraph shall supersede any other provision in this Agreement or
any
other agreement to the contrary.
Section
3.22 Assessments
of Compliance and Attestation Reports.
Pursuant
to Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation
AB,
each of the Master Servicer, the Securities Administrator and the Custodian
(to
the extent set forth in this Section) (each, an “Attesting Party”) shall deliver
(or otherwise make available) and each Attesting Party shall cause any
subservicer or subcontractor engaged by it to furnish, each at its own
expense
to the Securities Administrator and the Depositor on or before March
15th
of each
calendar year beginning in 2007, a report regarding such Attesting Party’s
assessment of compliance (an “Assessment of Compliance”) with the Servicing
Criteria during the preceding calendar year. The Assessment of Compliance,
as
set forth in Regulation AB, must contain the following:
(a) A
statement by an authorized officer of such Attesting Party of its authority
and
responsibility for assessing compliance with the Servicing Criteria applicable
to the related Attesting Party;
(b) A
statement by an authorized officer that such Attesting Party used the Servicing
Criteria attached as Exhibit Q hereto, and which will also be attached
to the
Assessment of Compliance, to assess compliance with the Servicing Criteria
applicable to the related Attesting Party;
(c) An
assessment by such officer of the related Attesting Party’s compliance with the
applicable Servicing Criteria for the period consisting of the preceding
calendar year, including disclosure of any material instance of noncompliance
with respect thereto during such period, which assessment shall be based
on the
activities such Attesting Party performs with respect to asset-backed securities
transactions taken as a whole involving the related Attesting Party, that
are
backed by the same asset type as the Mortgage Loans;
(d) A
statement that a registered public accounting firm has issued an Attestation
Report on the related Attesting Party’s Assessment of Compliance for the period
consisting of the preceding calendar year; and
(e) A
statement as to which of the Servicing Criteria, if any, are not applicable
to
the related Attesting Party, which statement shall be based on the activities
such Attesting Party performs with respect to asset-backed securities
transactions taken as a whole involving such Attesting Party, that are
backed by
the same asset type as the Mortgage Loans.
Such
report at a minimum shall address each of the Servicing Criteria specified
on
Exhibit Q hereto which are indicated as applicable to the related Attesting
Party.
The
Master Servicer shall include each such Assessment of Compliance furnished
to it
by the Servicer and Cenlar as Subservicer with its own Assessment of Compliance
to be submitted to the Securities Administrator pursuant to this
Section.
In
the
event the Master Servicer, the Securities Administrator, the Servicer or
any
subservicer or subcontractor engaged by any such party is terminated or
resigns
pursuant to the terms of this Agreement, or any applicable agreement in
the case
of the Servicer or a subservicer or subcontractor engaged by it, as the
case may
be, such party shall provide an Assessment of Compliance pursuant to this
Section 3.22 or to such applicable agreement, as the case may be,
notwithstanding any such termination, assignment or resignation.
On
or
before March 15th
of each
calendar year beginning in 2007, each Attesting Party shall cause a registered
public accounting firm to furnish to the Master Servicer, the Depositor
and the
Securities Administrator a report (an “Attestation Report”) that attests to, and
reports on, the Assessment of Compliance made by the related Attesting
Party, as
required by Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122(b)
of
Regulation AB, which Attestation Report must be made in accordance with
standards for attestation reports issued or adopted by the Public Company
Accounting Oversight Board.
Promptly
after receipt of each such assessment of compliance and attestation report,
the
Securities Administrator shall confirm that each assessment submitted pursuant
to Section 3.22 is coupled with an attestation meeting the requirements of
this Section and notify the Depositor of any exceptions.
The
Master Servicer shall enforce the obligation of the Servicer to deliver
to the
Master Servicer and the Depositor an Assessment of Compliance and Attestation
Report as and when provided in the Servicing Agreement. Each of the Master
Servicer and the Securities Administrator shall cause and the Master Servicer
shall enforce the obligation (as and when provided in the Servicing Agreement)
of the Servicer to cause, any subservicer and each subcontractor, engaged
by the
Master Servicer, the Servicer or the Securities Administrator, as applicable,
to
deliver to the Securities Administrator, the Master Servicer and the Depositor,
as applicable, an Assessment of Compliance and Attestation Report as and
when
provided above. Such Assessment of Compliance, as to any subservicer or
subcontractor, shall at a minimum address the applicable Servicing Criteria
specified on Exhibit Q hereto which are indicated as applicable to any
“primary
servicer” to the extent such subservicer or subcontractor is performing any
servicing function for the party who engages it and to the extent such
party is
not itself addressing the Servicing Criteria related to such servicing
function
in its own Assessment of Compliance. The Securities Administrator shall
confirm
that each of the Assessments of Compliance delivered to it, taken as a
whole,
address all of the Servicing Criteria and taken individually address the
Servicing Criteria for each party as set forth in Exhibit Q and notify
the
Depositor of any exceptions. Notwithstanding the foregoing, as to any
subcontractor, an Assessment of Compliance is not required to be delivered
unless it is required as part of a Form 10-K with respect to the Trust
Fund.
In
addition, for the avoidance of doubt and without duplication, pursuant
to the
Servicing Agreement, the Servicer shall (and shall cause each subservicer
engaged by it to) provide the following information to the Depositor and
the
Master Servicer: (A) any Sponsor Default hereunder and any subservicer
event of
default under the terms of the related Subservicing Agreement, (B) any
merger,
consolidation or sale of substantially all of the assets of the Sponsor
or such
subservicer, and (C) the Sponsor’s entry into an agreement with a subservicer to
perform or assist in the performance of any of the Sponsor’s obligations as
Servicer.
The
Custodian shall deliver to the Securities Administrator and the Depositor
an
Assessment of Compliance and Attestation Report, as and when provided above,
which shall at a minimum address each of the Servicing Criteria specified
on
Exhibit Q hereto which are indicated as applicable to a “custodian”.
Notwithstanding the foregoing, an Assessment of Compliance or Attestation
Report
is not required to be delivered by the Custodian unless it is required
as part
of a Form 10-K with respect to the Trust Fund.
No
later
than the end of each fiscal year for the Trust for which a 10-K is required
to
be filed, the Master Servicer and the Custodian shall each forward to the
Securities Administrator and the Depositor the name of each subservicer
or
subcontractor engaged by it and what Servicing Criteria will be addressed
in the
report on assessment of compliance prepared by such entity (provided, however,
that the Master Servicer need not provide such information to the Securities
Administrator so long as the Master Servicer and the Securities Administrator
are the same Person).
The
Master Servicer shall include all Attestation Reports received by it from
the
Servicer or Cenlar as Subservicer with its own Attestation Report to be
submitted to the Securities Administrator pursuant to this Section.
In
the
event the Master Servicer, the Securities Administrator, the Custodian,
the
Servicer or any subservicer or subcontractor engaged by any such party
is
terminated, assigns its rights and obligations under, or resigns pursuant
to,
the terms of this Agreement, or any other applicable agreement, as the
case may
be, such party shall cause a registered public accounting firm to provide
an
Attestation Report to the extent it was required to do pursuant to this
Section 3.22, or to such other applicable agreement, notwithstanding any
such termination, assignment or resignation.
Section
3.23 Reports
Filed with Securities and Exchange Commission.
(a) (i)
(A)
Within 15 days after each Distribution Date, the Securities Administrator
shall,
in accordance with industry standards, prepare and file with the Commission
via
the Electronic Data Gathering and Retrieval System (“XXXXX”), a Distribution
Report on Form 10-D, signed by the Master Servicer, with a copy of the
monthly
statement to Certificateholders to be furnished by the Securities Administrator
to the Certificateholders for such Distribution Date; provided that, the
Securities Administrator shall have received no later than five (5) calendar
days after the related Distribution Date all information required to be
provided
to the Securities Administrator as described in clause (a)(iv) below. Any
disclosure that is in addition to the monthly statement to Certificateholders
and that is required to be included on Form 10-D (“Additional Form 10-D
Disclosure”) shall be, pursuant to the paragraph immediately below, reported by
the parties set forth on Exhibit R to the Securities Administrator and
the
Depositor and approved for inclusion by the Depositor, and the Securities
Administrator will have no duty or liability for any failure hereunder
to
determine or prepare any Additional Form 10-D Disclosure absent such reporting
(other than in the case where the Securities Administrator is the reporting
party as set forth in Exhibit R) and approval.
(B)
Within five (5) calendar days after the related Distribution Date, (i)
the
parties set forth in Exhibit R shall be required to provide, and the Master
Servicer shall enforce the obligations of the Servicer or subservicer (to
the
extent provided in the Servicing Agreement) to provide, pursuant to
Section 3.23(a)(v) below, to the Securities Administrator and the
Depositor, to the extent known by a responsible officer thereof, in
XXXXX-compatible format, or in such other format as otherwise agreed upon
by the
Securities Administrator and such party, the form and substance of any
Additional Form 10-D Disclosure, if applicable together with an Additional
Disclosure Notification in the form of Exhibit S hereto (“Additional Disclosure
Notification”), and (ii) the Depositor will approve, as to form and substance,
or disapprove, as the case may be, the inclusion of the Additional Form
10-D
Disclosure on Form 10-D. The Securities Administrator has no duty under
this
Agreement or monitor or enforce the performance by the parties listed on
Exhibit
R of their duties under this paragraph or proactively solicit or procure
from
such parties any Additional Form 10-D Disclosure information. The Depositor
shall be responsible for any reasonable fees and expenses assessed or incurred
by the Securities Administrator in connection with including any Additional
Form
10-D Disclosure on Form 10-D pursuant to this Section.
(C)
After
preparing the Form 10-D, the Securities Administrator shall forward
electronically a copy of the Form 10-D to the Depositor (in the case of
any
Additional 10-D Disclosure and otherwise if requested by the Depositor)
and the
Master Servicer for review. Within two Business Days after receipt of such
copy,
but no later than the 12th calendar day after the Distribution Date (provided
that, the Securities Administrator forwards a copy of the Form 10-D no
later
than the 10th calendar after the Distribution Date), the Depositor shall
notify
the Securities Administrator in writing (which may be furnished electronically)
of any changes to or approval of such Form 10-D. In the absence of receipt
of
any written changes or approval, the Securities Administrator shall be
entitled
to assume that such Form 10-D is in final form and the Securities Administrator
may proceed with the execution and filing of the Form 10-D. No later than
the
13th
calendar
day after the related Distribution Date, a duly authorized officer of the
Master
Servicer shall sign the Form 10-D, and in the case where the Master Servicer
and
the Securities Administrator are not affiliated, no later than two (2)
Business
Days prior to the 1st
calendar
day after the related Distribution Date (with a 10 calendar day cure period),
a
duly authorized officer of the Master Servicer sign the Form 10-D and return
an
electronic or fax copy of such signed Form 10-D (with an original executed
hard
copy to follow by overnight mail) to the Securities Administrator. If a
Form
10-D cannot be filed on time or if a previously filed Form 10-D needs to
be
amended, the Securities Administrator shall follow the procedures set forth
in
Section 3.23(a)(v). Promptly (but no later than one (1) Business Day) after
filing with the Commission, the Securities Administrator shall make available
on
its internet website identified in Section 6.06 a final executed copy of
each Form 10-D filed by the Securities Administrator. The signing party
at the
Master Servicer can be contacted as set forth in Section 11.05. Form 10-D
requires the registrant to indicate (by checking “yes” or “no”) that it (1) has
filed all reports required to be filed by Section 13 or 15(d) of the Exchange
Act during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject
to such
filing requirements for the past 90 days. The Depositor shall notify the
Securities Administrator in writing, no later than the fifth calendar day
after
the related Distribution Date with respect to the filing of a report on
Form
10-D if the answer to the questions should be “no”. The Securities Administrator
shall be entitled to rely on the representations in Section 2.03(b)(viii)
and in
any such notice in preparing, executing and/or filing any such report.
The
parties to this Agreement acknowledge that the performance by the Master
Servicer and the Securities Administrator of their respective duties under
Sections 3.23(a)(iv) and (v) related to the timely preparation, execution
and
filing of Form 10-D is contingent upon such parties, the Servicer, the
Custodian
and any subservicer or subcontractor strictly observing all applicable
deadlines
in the performance of their duties under Section or under any servicing
agreement or custodial agreement, as applicable. Neither the Master Servicer
nor
the Securities Administrator shall have any liability for any loss, expense,
damage, claim arising out of or with respect to any failure to properly
prepare,
execute and/or timely file such Form 10-D, where such failure results from
a
party’s inability or failure to deliver, on a timely basis, any information from
such party needed to prepare, arrange for execution or file such Form 10-D,
not
resulting from its own negligence, bad faith or willful misconduct.
(ii)
(A)
Within four (4) Business Days after the occurrence of an event requiring
disclosure on Form 8-K (each such event, a “Reportable Event”), the Securities
Administrator shall prepare and file, at the direction of the Depositor,
on
behalf of the Trust, any Form 8-K, as required by the Exchange Act; provided
that, the Depositor shall file the initial Form 8-K in connection with
the
issuance of the Certificates. Any disclosure or information related to
a
Reportable Event or that is otherwise required to be included on Form 8-K
other
than the initial Form 8-K (“Form 8-K Disclosure Information”) shall be, pursuant
to the paragraph immediately below, reported by the parties set forth on
Exhibit
R to the Securities Administrator and the Depositor and approved for inclusion
by the Depositor, and the Securities Administrator will have no duty or
liability for any failure hereunder to determine or prepare any Form 8-K
Disclosure Information absent such reporting (other than in the case where
the
Securities Administrator is the reporting party as set forth in Exhibit
R) and
approval.
(B)
For
so long as the Trust is subject to the Exchange Act reporting requirements,
no
later than close of business New York City time on the 2nd Business Day
after
the occurrence of a Reportable Event (i) the parties set forth in Exhibit
R
shall be required pursuant to Section 3.23(a)(v) below to provide, and the
Master Servicer will enforce the obligations of the Servicer (to the extent
provided in the Servicing Agreement) to provide, to the Securities Administrator
and the Depositor, to the extent known by a responsible officer thereof,
in
XXXXX-compatible format, or in such other format as otherwise agreed upon
by the
Securities Administrator and the Depositor and such party, the form and
substance of any Form 8-K Disclosure Information, if applicable, together
with
an Additional Disclosure Notification and (ii) the Depositor shall approve,
as
to form and substance, or disapprove, as the case may be, the inclusion
of the
Form 8-K Disclosure Information on Form 8-K. The Securities Administrator
has no
duty under this Agreement to monitor or enforce the performance by the
parties
listed on Exhibit R of their duties under this paragraph or proactively
solicit
or procure from such parties any Form 8-K Disclosure Information. The Depositor
shall be responsible for any reasonable fees and expenses assessed or incurred
by the Securities Administrator in connection with including any Form 8-K
Disclosure Information on Form 8-K pursuant to this Section.
(C)
After
preparing the Form 8-K, the Securities Administrator, shall forward
electronically a copy of the Form 8-K to the Depositor and the Master Servicer
for review. No later than the close of business New York City time on the
3rd
Business Day after the Reportable Event, or in the case where the Master
Servicer and Securities Administrator are affiliated, no later than noon
New
York City time on the 4th Business Day after the Reportable Event, a duly
authorized representative of the Master Servicer shall sign the Form 8-K
and, in
the case where the Master Servicer and the Securities Administrator are
not
affiliated, return an electronic or fax copy of such signed Form 8-K (with
an
original executed hard copy to follow by overnight mail) to the Securities
Administrator. Promptly, but no later than the close of business on the
3rd
Business Day after the Reportable Event (provided that, the Securities
Administrator forwards a copy of the Form 8-K no later than noon New York
time
on the third Business Day after the Reportable Event), the Depositor shall
notify the Securities Administrator in writing (which may be furnished
electronically) of any changes to or approval of such Form 8-K. In the
absence
of receipt of any written changes or approval, the Securities Administrator
shall be entitled to assume that such Form 8-K is in final form and the
Securities Administrator may proceed with the execution and filing of the
Form
8-K. If a Form 8-K cannot be filed on time or if a previously filed Form
8-K
needs to be amended, the Securities Administrator shall follow the procedures
set forth in Section 3.23(a)(v). Promptly (but no later than one (1)
Business Day) after filing with the Commission, the Securities Administrator
shall, make available on its internet website a final executed copy of
each Form
8-K prepared and filed by the Securities Administrator. The signing party
at the
Master Servicer can be contacted as set forth in Section 11.05. Form 10-K
requires the registrant to indicate (by checking “yes” or “no”) that it (1) has
filed all reports required to be filed by Section 13 or 15(d) of the Exchange
Act during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject
to such
filing requirements for the past 90 days. The Depositor shall notify the
Securities Administrator in writing, no later than March 15th after the
related
Distribution Date with respect to the filing of a report on Form 10-K,
if the
answer to the questions should be “no”. The Securities Administrator shall be
entitled to rely on the representations in Section 2.03(b)(vi) and in any
such
notice in preparing, executing and/or filing any such report. The parties
to
this Agreement acknowledge that the performance by the Master Servicer
and the
Securities Administrator of its duties under this Section 3.23(a)(ii)
related to the timely preparation, execution and filing of Form 8-K is
contingent upon such parties, the Servicer, the Custodian and any subservicer
or
subcontractor strictly observing all applicable deadlines in the performance
of
their duties under this Section 3.23(a)(ii) or under any servicing
agreement or custodial agreement as applicable. Neither the Master Servicer
nor
the Securities Administrator shall have any liability for any loss, expense,
damage, claim arising out of or with respect to any failure to properly
prepare,
execute and/or timely file such Form 8-K, where such failure results from
a
party’s failure to deliver, on a timely basis, any information from any such
party needed to prepare, arrange for execution or file such Form 8-K, not
resulting from its own negligence, bad faith or willful misconduct.
(iii)
(A)
Within 90 days after the end of each fiscal year of the Trust or such earlier
date as may be required by the Exchange Act (the “10-K Filing Deadline”) (it
being understood that the fiscal year for the Trust ends on December 31st
of
each year), commencing in March 2007, the Securities Administrator shall
prepare
and file on behalf of the Trust a Form 10-K, in form and substance as required
by the Exchange Act. Each such Form 10-K shall include the following items,
in
each case to the extent they have been delivered to the Securities Administrator
within the applicable time frames set forth in this Agreement, the Servicing
Agreement and the Custodial Agreement, (I) an annual compliance statement
for
the Servicer, Master Servicer, the Securities Administrator and any subservicer
or subcontractor, as applicable, as described under Section 3.21, of this
Agreement, the Servicing Agreement and Custodial Agreement, provided, however,
that the Securities Administrator, at its discretion, may omit from the
Form
10-K any annual compliance statement that is not required to be filed with
such
Form 10-K pursuant to Regulation AB, (II)(A) the annual reports on assessment
of
compliance with Servicing Criteria for the Servicer, the Master Servicer,
each
subservicer and subcontractor participating in the servicing function,
the
Securities Administrator and the Custodian, as described under Section 3.22
of this Agreement, the Servicing Agreement and the Custodial Agreement,
and (B)
if any such report on assessment of compliance with Servicing Criteria
described
under Section 3.22 identifies any material instance of noncompliance,
disclosure identifying such instance of noncompliance, or if any such report
on
assessment of compliance with Servicing Criteria described under
Section 3.22 is not included as an exhibit to such Form 10-K, disclosure
that such report is not included and an explanation why such report is
not
included, provided, however, that the Securities Administrator, at its
discretion, may omit from the Form 10-K any assessment of compliance or
attestation report described in clause (III) below that is not required
to be
filed with such Form 10-K pursuant to Regulation AB, (III)(A) the registered
public accounting firm Attestation Report for the Servicer, the Master
Servicer,
the Securities Administrator, the Custodian and each subservicer and
subcontractor participating in a servicing function, as described under
Section 3.22 of this Agreement, the Servicing Agreement and the Custodial
Agreement, and (B) if any registered public accounting firm Attestation
Report
described under Section 3.22 identifies any material instance of
noncompliance, disclosure identifying such instance of noncompliance, or
if any
such registered public accounting firm Attestation Report is not included
as an
exhibit to such Form 10-K, disclosure that such report is not included
and an
explanation why such report is not included, and (IV) a Xxxxxxxx-Xxxxx
Certification as described in Section 3.23 (a)(iii)(D) below (provided,
however, that the Securities Administrator, at its discretion, may omit
from the
Form 10-K any annual compliance statement, assessment of compliance or
attestation report that is not required to be filed with such Form 10-K
pursuant
to Regulation AB). Any disclosure or information in addition to (I) through
(IV)
above that is required to be included on Form 10-K (“Additional Form 10-K
Disclosure”) shall be, pursuant to the paragraph immediately below, reported by
the parties set forth on Exhibit R to the Securities Administrator and
the
Depositor and approved for inclusion by the Depositor, and the Securities
Administrator will have no duty or liability for any failure hereunder
to
determine or prepare any Additional Form 10-K Disclosure absent such reporting
(other than in the case where the Securities Administrator is the reporting
party as set forth in Exhibit R) and approval.
(B)
No
later than March 15th
of each
year that the Trust is subject to the Exchange Act reporting requirements,
commencing in 2007, (i) the parties set forth in Exhibit R shall be required
to
provide, and the Master Servicer shall enforce the obligations of each
Servicer
or subservicer (to the extent provided in the Servicing Agreement) to provide,
pursuant to Section 3.23(a)(v) below, to the Securities Administrator and
the Depositor, to the extent known by a responsible officer thereof, in
XXXXX-compatible format, or in such other format as otherwise agreed upon
by the
Securities Administrator and the Depositor and such party, the form and
substance of any Additional Form 10-K Disclosure, if applicable, together
with
Additional Disclosure Notification and (ii) the Depositor will approve,
as to
form and substance, or disapprove, as the case may be, the inclusion of
the
Additional Form 10-K Disclosure on Form 10-K. The Securities Administrator
has
no duty under this Agreement or monitor or enforce the performance by the
parties listed on Exhibit R of their duties under this paragraph or proactively
solicit or procure from such parties any Additional Form 10-K Disclosure
information. The Depositor shall be responsible for any reasonable fees
and
expenses assessed or incurred by the Securities Administrator in connection
with
including any Form 10-K Disclosure information on Form 10-K pursuant to
this
Section.
(C)
After
preparing the Form 10-K, the Securities Administrator shall forward
electronically a copy of the Form 10-K to the Depositor (only in the case
where
such Form 10-K includes Additional Form 10-K Disclosure) and the Master
Servicer
for review. Within three Business Days after receipt of such copy, but
no later
than March 25th (provided that, the Securities Administrator forwards a
copy of
the Form 10-K no later than the third Business Day prior to March 25th),
the
Depositor shall notify the Securities Administrator in writing (which may
be
furnished electronically) of any changes to or approval of such Form 10-K.
In
the absence of receipt of any written changes or approval, the Securities
Administrator shall be entitled to assume that such Form 10-K is in final
form
and the Securities Administrator may proceed with the execution and filing
of
the Form 10-K. A senior officer of the Master Servicer in charge of the
master
servicing function shall sign the Form 10-K. No later than 12:00 p.m. Eastern
Standard time on the 4th Business Day prior to the 10-K Filing Deadline,
an
officer of the Master Servicer in charge of the master servicing function
shall
sign the Form 10-K, in the case where the Master Servicer and the Securities
Administrator are unaffiliated, and return an electronic or fax copy of
such
signed Form 10-K (with an original executed hard copy to follow by overnight
mail) to the Securities Administrator. If a Form 10-K cannot be filed on
time or
if a previously filed Form 10-K needs to be amended, the Securities
Administrator will follow the procedures set forth in Section 3.23(a)(v).
Promptly (but no later than one (1) Business Day) after filing with the
Commission, the Securities Administrator shall make available on its internet
website a final executed copy of each Form 10-K signed by the Master Servicer
and filed by the Securities Administrator. The signing party at the Master
Servicer can be contacted as set forth in Section 11.05. The parties to
this Agreement acknowledge that the performance by the Master Servicer
and the
Securities Administrator of their respective duties under Section 3.23(a)(iv)
and (v) related to the timely preparation, execution and filing of Form
10-K is
contingent upon such parties, the Servicer, the Custodian and any subservicer
or
subcontractor strictly observing all applicable deadlines in the performance
of
their duties under such Sections and Section 3.21 and Section 3.22 or
under any servicing agreement or custodial agreement, as applicable. Neither
the
Master Servicer nor the Securities Administrator shall have any liability
for
any loss, expense, damage, claim arising out of or with respect to any
failure
to properly prepare, execute and/or timely file such Form 10-K, where such
failure results from the Master Servicer’s or the Securities Administrator’s
inability or failure to obtain or receive, on a timely basis, any information
from any other party hereto or the Servicer, the Custodian or any subservicer
or
subcontractor needed to prepare, arrange for execution or file such Form
10-K,
not resulting from its own negligence, bad faith or willful misconduct.
(D)
Each
Form 10-K shall include a certification (the “Xxxxxxxx-Xxxxx Certification”)
required to be included therewith pursuant to the Xxxxxxxx-Xxxxx Act which
shall
be signed by the Certifying Person and delivered to the Securities Administrator
no later than March 15th
of each
year in which the Trust is subject to the reporting requirements of the
Exchange
Act. The Master Servicer shall cause the Servicer to provide to the Person
who
signs the Xxxxxxxx-Xxxxx Certification (the “Certifying Person”), by March
15th
of each
year in which the Trust is subject to the reporting requirements of the
Exchange
Act and otherwise within a reasonable period of time upon request, a
certification (each, a “Back-Up Certification”), in the form attached hereto as
Exhibit L, upon which the Certifying Person, the entity for which the Certifying
Person acts as an officer, and such entity’s officers, directors and Affiliates
(collectively with the Certifying Person, “Certification Parties”) can
reasonably rely, provided, however, that the Securities Administrator shall
not
be required to undertake an analysis of any accountant’s report attached as an
exhibit to the Form 10-K.. The senior officer of the Master Servicer in
charge
of the master servicing function shall serve as the Certifying Person on
behalf
of the Trust. Such officer of the Certifying Person can be contacted by
e-mail
at xxx.xxx.xxxxxxxxxxxxx@xxxxxxxxxx.xxx or by facsimile at 000-000-0000.
In the
event any such party or any subcontractor or subservicer engaged by such
party
is terminated or resigns pursuant to the terms of this Agreement, or any
applicable sub-servicing agreement, as the case may be, such party shall
provide
a Back-Up Certification to the Certifying Person pursuant to this
Section 3.23 (a)(iii) with respect to the period of time it was subject to
this Agreement or any applicable sub-servicing agreement, as the case may
be.
Notwithstanding the foregoing, (i) the Master Servicer and the Securities
Administrator shall not be required to deliver a Back-Up Certification
to each
other if both are the same Person and the Master Servicer is the Certifying
Person and (ii) the Master Servicer shall not be obligated to sign the
Xxxxxxxx-Xxxxx Certification in the event that it does not receive any
Back-Up
Certification required to be furnished to it pursuant to this section or
any
Servicing Agreement or Custodial Agreement.
(iv)
With
respect to any Additional Form 10-D Disclosure, Additional Form 10-K Disclosure
or any Form 8-K Disclosure Information (collectively, the “Additional
Disclosure”) relating to the Trust Fund, the Securities Administrator’s
obligation to include such Additional Information in the applicable Exchange
Act
report is subject to receipt from the entity that is indicated in Exhibit
R as
the responsible party for providing that information, if other than the
Securities Administrator, as and when required as described in
Section 3.23(a)(i) through (iii) above. Such Additional Disclosure shall be
accompanied by a notice substantially in the form of Exhibit S. Each of
the
Master Servicer, the Securities Administrator and the Depositor hereby
agrees to
notify and provide, and the Master Servicer agrees to enforce the obligations
(to the extent provided in the Servicing Agreement) of the Servicer and
any
subservicer to notify and provide, to the extent known to the Master Servicer,
the Securities Administrator and the Depositor all Additional Disclosure
relating to the Trust Fund, with respect to which such party is indicated
in
Exhibit R as the responsible party for providing that information. The
Depositor
shall be responsible for any reasonable fees and expenses assessed or incurred
by the Securities Administrator in connection with including any Additional
Disclosure information pursuant to this Section. Within five Business Days
prior
to each Distribution Date of each year that the Trust is subject to the
Exchange
Act reporting requirements, the Depositor shall make available to the Securities
Administrator the related Significance Estimate and the Securities Administrator
shall use such information to calculate the related Significance Percentage.
If
the Significance Percentage meets either of the threshold levels detailed
in
Item 1115(b)(1) or 1115(b)(2) of Regulation AB, the Securities Administrator
shall deliver written notification to the Depositor and the Swap Provider
to
that effect. The Securities Administrator shall request and the Depositor
shall
obtain from the Swap Provider any information required under Regulation
AB to
the extent required under the Swap Agreement. The Depositor will be obligated
pursuant to the Swap Agreement to provide to the Securities Administrator
(no
later than, in the case of Form 10-D, the fifth calendar day after the
Distribution Date and in the case of Form 10-K, March 15th
in any
year in which a Form 10-K is filed for the Trust) any information that
may be
required to be included in any Form 10-D, Form 8-K or Form 10-K or written
notification instructing the Securities Administrator that such Additional
Disclosure regarding the Swap Provider is not necessary for such Distribution
Date.
So
long
as the Depositor is subject to the filing requirements of the Exchange
Act with
respect to the Trust Fund, the Trustee shall notify the Securities Administrator
and the Depositor of any bankruptcy or receivership with respect to the
Trustee
or of any proceedings of the type described under Item 1117 of Regulation
AB
that have occurred as of the related Due Period, together with a description
thereof, no later than the date on which such information is required of
other
parties hereto as set forth under this Section 3.23. In addition, the
Trustee shall notify the Securities Administrator and the Depositor of
any
affiliations or relationships that develop after the Closing Date between
the
Trustee and the Depositor, the Sponsor, the Securities Administrator, the
Master
Servicer or the Custodian of the type described under Item 1119(a) of Regulation
AB, together with a description thereof, no later than the date on which
such
information is required of other parties hereto as set forth under this
Section 3.23.
(v)
(A)
On or prior to January 30th of the first year in which the Securities
Administrator is able to do so under applicable law, the Securities
Administrator shall prepare and file a Form 15 relating to the automatic
suspension of reporting in respect of the Trust under the Exchange Act.
(B)
In
the event that the Securities Administrator is unable to timely file with
the
Commission all or any required portion of any Form 8-K, 10-D or 10-K required
to
be filed by this Agreement because required disclosure information was
either
not delivered to it or delivered to it after the delivery deadlines set
forth in
this Agreement or for any other reason, the Securities Administrator shall
promptly notify electronically the Depositor. In the case of Form 10-D
and 10-K,
the Depositor, the Master Servicer and the Securities Administrator shall
cooperate to prepare and file a Form 12b-25 and a 10-D/A and 10-K/A as
applicable, pursuant to Rule 12b-25 of the Exchange Act. In the case of
Form
8-K, the Securities Administrator will, upon receipt of all required Form
8-K
Disclosure Information and upon the approval and direction of the Depositor,
include such disclosure information on the next Form 10-D. In the event
that any
previously filed Form 8-K, 10-D or 10-K needs to be amended, and such amendment
relates to any Additional Disclosure (other than, in the case of the Form
10-D,
for the purpose of restating any monthly statement to Certificateholders),
the
Securities Administrator shall notify electronically the Depositor and
the
parties affected thereby and such parties will cooperate to prepare any
necessary Form 8-K/A, 10-D/A or 10-K/A. Any Form 15, Form 12b-25 or any
amendment to Form 8-K, 10-D or 10-K shall be signed by a duly authorized
representative or senior officer, as applicable, of the Master Servicer.
The
parties hereto acknowledge that the performance by the Master Servicer
and the
Securities Administrator of their respective duties under this
Section 3.23(a)(v) related to the timely preparation, execution and filing
of Form 15, a Form 12b-25 or any amendment to Form 8-K, 10-D or 10-K is
contingent upon the each such party timely performing their duties under
this
Section. Neither the Master Servicer nor the Securities Administrator shall
have
any liability for any loss, expense, damage, claim arising out of or with
respect to any failure to properly prepare, execute and/or timely file
any such
Form 15, Form 12b-25 or any amendments to Form 8-K, 10-D or 10-K, where
such
failure results from the Securities Administrator’s inability or failure to
obtain or receive, on a timely basis, any information from any other party
hereto or the Servicer, the Custodian or any subservicer or subcontractor
needed
to prepare, arrange for execution or file such Form 15, Form 12b-25 or
any
amendments to Form 8-K, 10-D or 10-K, not resulting from its own negligence,
bad
faith or willful misconduct.
The
parties hereto agrees to promptly furnish to the Securities Administrator,
from
time to time upon request, such further information, reports and financial
statements within its control related to this Agreement, the Mortgage Loans
as
the Securities Administrator reasonably deems appropriate to prepare and
file
all necessary reports with the Commission. The Securities Administrator
shall
have no responsibility to file any items other than those specified in
this
Section 3.23; provided, however, the Securities Administrator shall
cooperate with the Depositor in connection with any additional filings
with
respect to the Trust Fund as the Depositor deems necessary under the Exchange
Act. Copies of all reports filed by the Securities Administrator under
the
Exchange Act will be readily available on the Securities Administrator’s
website. Fees and expenses incurred by the Securities Administrator in
connection with this Section 3.23 shall not be reimbursable from the Trust
Fund.
(b) The
Securities Administrator shall indemnify and hold harmless the Depositor
and the
Master Servicer and each of its officers, directors and affiliates from
and
against any losses, damages, penalties, fines, forfeitures, reasonable
and
necessary legal fees and related costs, judgments and other costs and expenses
arising out of or based upon a breach of the Securities Administrator’s
obligations under Sections 3.21, 3.22 and 3.23 or the Securities Administrator’s
negligence, bad faith or willful misconduct in connection therewith. In
addition, the Securities Administrator shall indemnify and hold harmless
the
Depositor and the Master Servicer and each of their respective officers,
directors and affiliates from and against any losses, damages, penalties,
fines,
forfeitures, reasonable and necessary legal fees and related costs, judgments
and other costs and expenses arising out of or based upon (i) any untrue
statement or alleged untrue statement of any material fact contained in
any
Back-Up Certification, any Annual Statement of Compliance, any Assessment
of
Compliance or any Additional Disclosure provided by the Securities Administrator
on its behalf or on behalf of any subservicer or subcontractor pursuant
to
Sections 3.21, 3.22 and 3.23 (the “Securities Administrator Information”),
or (ii) any omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein,
in
light of the circumstances in which they were made, not misleading; provided,
by
way of clarification, that this paragraph shall be construed solely by
reference
to the Securities Administrator Information and not to any other information
communicated in connection with the Certificates, without regard to whether
the
Securities Administrator Information or any portion thereof is presented
together with or separately from such other information.
The
Depositor shall indemnify and hold harmless the Securities Administrator
and the
Master Servicer and each of its officers, directors and affiliates from
and
against any losses, damages, penalties, fines, forfeitures, reasonable
and
necessary legal fees and related costs, judgments and other costs and expenses
arising out of or based upon a breach of the obligations of the Depositor
under
Sections 3.21, 3.22 and 3.23 or the Depositor’s negligence, bad faith or willful
misconduct in connection therewith. In addition, the Depositor shall indemnify
and hold harmless the Master Servicer, the Securities Administrator and
each of
their respective officers, directors and affiliates from and against any
losses,
damages, penalties, fines, forfeitures, reasonable and necessary legal
fees and
related costs, judgments and other costs and expenses arising out of or
based
upon any untrue statement or alleged untrue statement of any material fact
contained in any Additional Disclosure provided by the Depositor that is
required to be filed pursuant to Section 3.23 (the
“Depositor Information”),
or
(ii)
any omission or alleged omission to state therein a material fact required
to be
stated therein or necessary to make the statements therein, in light of
the
circumstances in which they were made, not misleading; provided, by way
of
clarification, that this paragraph shall be construed solely by reference
to the
Depositor Information that is required to be filed and not to any other
information communicated in connection with the Certificates, without regard
to
whether the Depositor Information or any portion thereof is presented together
with or separately from such other information.
The
Master Servicer shall indemnify and hold harmless the Securities Administrator
and the Depositor and each of its respective officers, directors and affiliates
from and against any losses, damages, penalties, fines, forfeitures, reasonable
and necessary legal fees and related costs, judgments and other costs and
expenses arising out of or based upon a breach of the obligations of the
Master
Servicer under Sections 3.21, 3.22 and 3.23 or the Master Servicer’s negligence,
bad faith or willful misconduct in connection therewith. In addition, the
Master
Servicer shall indemnify and hold harmless the Depositor and each of its
officers, directors and affiliates from and against any losses, damages,
penalties, fines, forfeitures, reasonable and necessary legal fees and
related
costs, judgments and other costs and expenses arising out of or based upon
(i)
any untrue statement or alleged untrue statement of any material fact contained
in any Annual Statement of Compliance, any Assessment of Compliance or
any
Additional Disclosure provided by the Master Servicer on its behalf or
on behalf
of any subservicer or subcontractor pursuant to Sections 3.21, 3.22 and
3.23 (the “Master Servicer Information”), or (ii) any omission or alleged
omission to state therein a material fact required to be stated therein
or
necessary to make the statements therein, in light of the circumstances
in which
they were made, not misleading; provided, by way of clarification, that
this
paragraph shall be construed solely by reference to the Master Servicer
Information and not to any other information communicated in connection
with the
Certificates, without regard to whether the Master Servicer Information
or any
portion thereof is presented together with or separately from such other
information.
If
the
indemnification provided for herein is unavailable or insufficient to hold
harmless the Depositor, the Securities Administrator or the Master Servicer,
as
applicable, then the defaulting party, in connection with any conduct for
which
it is providing indemnification under this Section 3.23(b), agrees that it
shall contribute to the amount paid or payable by the other parties as
a result
of the losses, claims, damages or liabilities of the other party in such
proportion as is appropriate to reflect the relative fault and the relative
benefit of the respective parties.
The
indemnification provisions set forth in this Section 3.23(b) shall survive
the termination of this Agreement or the termination of any party to this
Agreement.
(c) Notwithstanding
the provisions of Section 11.01, this Section 3.23 may be amended
without the consent of the Certificateholders.
(d) Any
notice or notification required to be delivered by the Securities Administrator
or Master Servicer to the Depositor pursuant to this Section 3.23, may be
delivered via email at XXXX@xxxxxx.xxx
with a
follow-up telephone call to the Depositor’s Legal Department at 772-231-1400 or
000-000-0000.
Failure
of the Securities Administrator to comply with this Section 3.23 (including
with
respect to the timeframes required in this Section) which failure results
in a
failure to timely file the related Form 10-K, shall be deemed a default
and the
Trustee at the written direction of the Depositor shall, in addition to
whatever
rights the Trustee may have under this Agreement and at law or equity or
to
damages, including injunctive relief and specific performance, upon notice
immediately terminate all of the rights and obligations of the Securities
Administrator under this Agreement and in and to the Mortgage Loans and
the
proceeds thereof without compensating the Securities Administrator for
the same.
This paragraph shall supersede any other provision in this Agreement or
any
other agreement to the contrary.
Section
3.24 Intention
of the Parties and Interpretation.
Each
of
the parties acknowledges and agrees that the purpose of Sections 3.21,
3.22 and
3.23 of this Agreement is to facilitate compliance by the Depositor, the
Securities Administrator and the Master Servicer with the provisions of
Regulation AB. Therefore, each of the parties agrees that (a) the obligations
of
the parties hereunder shall be interpreted in such a manner as to accomplish
that purpose, (b) the parties’ obligations hereunder will be supplemented and
modified as necessary to be consistent with any such amendments, interpretive
advice or guidance, convention or consensus among active participants in
the
asset-backed securities markets, advice of counsel, or otherwise in respect
of
the requirements of Regulation AB, (c) the parties shall comply with reasonable
requests made by the Depositor, the Master Servicer or the Securities
Administrator for delivery of additional or different information as the
Depositor, the Master Servicer or the Securities Administrator may determine
in
good faith is necessary to comply with the provisions of Regulation AB,
and (d)
no amendment of this Agreement shall be required to effect any such changes
in
the obligations of the parties to this transaction as are necessary to
accommodate evolving interpretations of the provisions of Regulation
AB.
Section
3.25 UCC.
The
Depositor shall inform the Trustee in writing of any Uniform Commercial
Code
financing statements that were filed on the Closing Date in connection
with the
Trust with stamped recorded copies of such financing statements to be delivered
to the Trustee promptly upon receipt by the Depositor. The Trustee agrees
to
monitor and notify the Depositor if any continuation statements for such
Uniform
Commercial Code financing statements need to be filed. If directed by the
Depositor in writing, the Trustee will file any such continuation statements
solely at the expense of the Depositor. The Depositor shall file any financing
statements or amendments thereto required by any change in the Uniform
Commercial Code.
Section
3.26 Optional
Purchase of Defaulted Mortgage Loans.
(a) During
the first full calendar month (but excluding the last Business Day thereof)
following a Mortgage Loan or related REO Property becoming 90 days or more
delinquent, the Sponsor shall have the option, but not the obligation to
purchase from the Trust Fund any such Mortgage Loan or related REO Property
that
is then still 90 days or more delinquent, which the Sponsor determines
in good
faith will otherwise become subject to foreclosure proceedings (evidence
of such
determination to be delivered in writing to the Trustee prior to purchase),
at a
price equal to the Purchase Price. The Purchase Price for any Mortgage
Loan or
related REO Property purchased hereunder shall be deposited in the Custodial
Account, and the Trustee, upon receipt of written certification of such
deposit,
shall release or cause to be released to the Sponsor the related Mortgage
File
and the Trustee shall execute and deliver such instruments of transfer
or
assignment, in each case without recourse, as the Sponsor shall furnish
and as
shall be necessary to vest in the Sponsor title to any Mortgage Loan or
related
REO Property released pursuant hereto.
If
with
respect to any delinquent Mortgage Loan or related REO Property, the option
of
the Sponsor set forth in the preceding paragraph shall have arisen but
the
Sponsor shall have failed to exercise such option on or before the Business
Day
preceding the last Business Day of the calendar month following the calendar
month during which such Mortgage Loan or related REO Property first became
90
days or more delinquent, then such option shall automatically expire; provided,
however, that if any such Mortgage Loan or related REO Property shall cease
to
be 90 days or more delinquent but then subsequently shall again become
90 days
or more delinquent, then the Sponsor shall be entitled to another repurchase
option with respect to such Mortgage Loan or REO Property as provided in
the
preceding paragraph.
ARTICLE
IV
PAYMENTS
TO CERTIFICATEHOLDERS
Section
4.01 Distributions.
(a) On
each
Distribution Date the Securities Administrator shall distribute to each
Certificateholder of record as of the next preceding Record Date (other
than as
provided in Section 9.01 respecting the final distribution) either in
immediately available funds (by wire transfer or otherwise) to the account
of
such Certificateholder at a bank or other entity having appropriate facilities
therefor, if such Certificateholder has so notified the Securities Administrator
at least 5 Business Days prior to the related Record Date, or otherwise
by check
mailed to such Certificateholder at the address of such Holder appearing
in the
Certificate Register, such Certificateholder’s share (based on the aggregate of
the Percentage Interests represented by Certificates of the applicable
Class
held by such Holder) of the amounts required to be distributed to such
Holder
pursuant to this Section 4.01.
Net
Swap
Payments and Swap Termination Payments (other than Swap Termination Payments
resulting from a Swap Provider Trigger Event) payable by the Supplemental
Interest Trust to the Swap Provider pursuant to the Swap Agreement shall
be
deducted (without duplication) from the Interest Remittance Amount, and
to the
extent of any such remaining amounts due, from Principal Remittance Amount,
prior to any distributions to the Certificateholders. On each Distribution
Date,
such amounts will be remitted to the Supplemental Interest Trust, first
to make
any Net Swap Payment owed to the Swap Provider pursuant to the Swap Agreement
for such Distribution Date and for prior Distribution Dates, and second
to make
any Swap Termination Payment (not due to a Swap Provider Trigger Event)
owed to
the Swap Provider pursuant to the Swap Agreement for such Distribution
Date. Any
Swap Termination Payment triggered by a Swap Provider Trigger Event owed
to the
Swap Provider pursuant to the Swap Agreement will be subordinated to
distributions to the Holders of the Offered Certificates and shall be paid
as
set forth in Section 4.01(c)(v).
On
each
Distribution Date, the Securities Administrator shall withdraw from the
Certificate Account that portion of Available Distribution Amount for such
Distribution Date consisting of the Interest Remittance Amount for such
Distribution Date, and make the following disbursements and transfers in
the
order of priority described below, in each case to the extent of the Interest
Remittance Amount remaining for such Class for such Distribution
Date:
(i) first,
to
the Holders of the Class A Certificates, the related Accrued Certificate
Interest for such Class and any Interest Carry Forward Amount for that
Class
concurrently on a pro rata basis on the respective amounts of interest
accrued
on such Class A Certificates for such Distribution Date; and
(ii) second,
sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class
M-4,
Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class M-10
Certificates, in that order, the related Accrued Certificate Interest for
such
Class for such Distribution Date.
(b) (i)
On
each
Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger
Event
is in effect, the Holders of each Class of the Class A Certificates and
Class M
Certificates shall be entitled to receive distributions in respect of principal
from that portion of Available Distribution Amount to
the
extent of the Principal Distribution Amount remaining after distribution
of
interest to the Class A Certificates and
Class
M Certificates in the following amounts and order of priority:
(1) to
the
Class A Certificates, in the order and priority set forth in clause (d)
below,
until the Certificate Principal Balances thereof have been reduced to zero;
and
(2) sequentially,
to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6,
Class
M-7, Class M-8, Class M-9 and Class M-10 Certificates, in that order, until
the
Certificate Principal Balance of each such Class is reduced to
zero.
(ii) On
each
Distribution Date (a) on or after the Stepdown Date and (b) on which a
Trigger
Event is not in effect, the Holders of each Class of the Class A Certificates
and Class M Certificates shall be entitled to receive distributions in
respect
of principal from that portion of Available Distribution Amount to the
extent of
the Principal Distribution Amount remaining after distribution of interest
to
the Class A Certificates and Class M Certificates to the extent of the
Principal
Distribution Amount in the following amounts and order of priority:
(1) first,
the Class A Principal Distribution Amount shall be distributed to the Holders
of
the Class A Certificates in the order and priority set forth in clause
(d)
below, until the Certificate Principal Balances thereof have been reduced
to
zero;
(2) second,
to the Holders of the Class M-1 Certificates, the Class M-1 Principal
Distribution Amount until the Certificate Principal Balance thereof has
been
reduced to zero;
(3) third,
to
the Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced
to
zero;
(4) fourth,
to the Holders of the Class M-3 Certificates, the Class M-3 Principal
Distribution Amount until the Certificate Principal Balance thereof has
been
reduced to zero;
(5) fifth,
to
the Holders of the Class M-4 Certificates, the Class M-4 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced
to
zero;
(6) sixth,
to
the Holders of the Class M-5 Certificates, the Class M-5 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced
to
zero;
(7) seventh,
to the Holders of the Class M-6 Certificates, the Class M-6 Principal
Distribution Amount until the Certificate Principal Balance thereof has
been
reduced to zero;
(8) eighth,
to the Holders of the Class M-7 Certificates, the Class M-7 Principal
Distribution Amount until the Certificate Principal Balance thereof has
been
reduced to zero;
(9) ninth,
to
the Holders of the Class M-8 Certificates, the Class M-8 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced
to
zero;
(10) tenth,
to
the Holders of the Class M-9 Certificates, the Class M-9 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced
to zero;
and
(11) eleventh,
to the Holders of the Class M-10 Certificates, the Class M-10 Principal
Distribution Amount until the Certificate Principal Balance thereof has
been
reduced to zero.
(c) On
each
Distribution Date, the Net Monthly Excess Cashflow shall be distributed
in the
following order of priority, in each case to the extent of the Net Monthly
Excess Cashflow remaining for such Distribution Date:
(i) first,
to
the Holders of the Class A Certificates and Class M Certificates then entitled
to receive distributions in respect of principal, in an amount equal to
any
Extra Principal Distribution Amount, payable to such Holders as part of
the
Principal Distribution Amount as described under Section 4.01(b)
above;
(ii) second,
sequentially to the Holders of the Class M-1, Class M-2, Class M-3, Class
M-4,
Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class M-10
Certificates, in that order, in an amount equal to any Interest Carry Forward
Amount for such Class or Classes;
(iii) third,
sequentially to the Holders of the Class A2, Class M-1, Class M-2, Class
M-3,
Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class
M-10
Certificates, in that order, in an amount equal to any Allocated Realized
Loss
Amount for such Class or Classes;
(iv) fourth,
to the Basis Risk Shortfall Reserve Fund to pay the Class A Certificates
and
Class M Certificates as follows: first, to the Class A Certificates, on
a pro
rata basis, based on the aggregate amount of Basis Risk Shortfall Carry-Forward
Amounts for such Classes, and second, sequentially to the Class X-0, Xxxxx
X-0,
Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class
M-9 and
Class M-10 Certificates, in that order, any related Basis Risk Shortfall
Carry-Forward Amount for such Class or Classes on such Distribution
Date;
(v) fifth,
to
the Supplemental Interest Trust for payment to the Swap Provider any Swap
Termination Payments owed to the Swap Provider due to a Swap Provider Trigger
Event not previously paid;
(vi) sixth,
to
the Holders of the Class C Certificates, the Accrued Certificate Interest
for
such Class and any Principal Remittance Amount not used to make payments
pursuant to clauses (b) and (c)(i) through (v) above and any
Overcollateralization Release Amount for such Distribution Date;
(vii) seventh,
if such Distribution Date follows the Prepayment Period during which a
Prepayment Charge may be required to be paid in respect of any Mortgage
Loans,
to the Holders of the Class P Certificates, in reduction of the Certificate
Principal Balance thereof, until the Certificate Principal Balance thereof
is
reduced to zero;
(viii) eighth,
to the Master Servicer and the Securities Administrator any amounts payable
pursuant to Section 6.03 which were not reimbursed because of the operation
of the annual cap described in such Section; and
(ix) ninth,
any remaining amounts to the Holders of the Class R Certificates (in respect
of
the Class R-3 Interest).
Without
limiting the provisions of Section 9.01, the Class R Certificateholders, by
accepting the Class R Certificates, agree to pledge their rights to receive
any
amounts otherwise distributable on the Class R Certificates, and such rights
are
hereby assigned and pledged to the holders of the Class C
Certificates.
(d) On
each
Distribution Date on or prior to the Credit Support Depletion Date, any
Principal Distribution Amount payable to the Class A Certificates shall
be
distributed to the Class A Certificates, concurrently, on a pro rata basis
to
(a) the Class A1 Certificates and (b) the Class A2 Certificates, in each
case in
reduction of the Certificate Principal Balance thereof, with any amounts
payable
to the Class A1 Certificates being paid sequentially to the Class A1A,
Class A1B
and Class A1C Certificates in that order, in each case until the Certificate
Principal Balances thereof have been reduced to zero.
On
each
Distribution Date after the Credit Support Depletion Date, any Principal
Distribution Amount payable to the Class A Certificates shall be distributed
to
the Class A Certificates on a pro rata basis, based on their respective
Certificate Principal Balance, in reduction of the Certificate Principal
Balances thereof, until reduced to zero.
(e) In
addition to the foregoing distributions, with respect to any Subsequent
Recoveries, the Master Servicer shall deposit such funds into the Custodial
Account pursuant to Section 3.17. If, after taking into account such
Subsequent Recoveries, the amount of a Realized Loss is reduced, the amount
of
such Subsequent Recoveries will be applied to increase the Certificate
Principal
Balance of the Class of Certificates with the highest payment priority
to which
Realized Losses have been allocated, but not by more than the amount of
Realized
Losses previously allocated to that Class of Certificates. The amount of
any
remaining Subsequent Recoveries will be applied to increase the Certificate
Principal Balance of the Class of Certificates with the next highest payment
priority, up to the amount of such Realized Losses previously allocated
to that
Class of Certificates, and so on. Holders of such Certificates will not
be
entitled to any payment in respect of Accrued Certificate Interest on the
amount
of such increases for any Accrual Period preceding the Distribution Date
on
which such increase occurs. Any such increases shall be applied to the
Certificate Principal Balance of each Certificate of such Class in accordance
with its respective Percentage Interest.
(f) On
each
Distribution Date, all amounts representing Prepayment Charges in respect
of the
Mortgage Loans received during the related Prepayment Period will be withdrawn
from the Certificate Account and distributed by the Securities Administrator
to
the Holders of the Class P Certificates and shall not be available for
distribution to the Holders of any other Class of Certificates. The payment
of
the foregoing amounts to the Holders of the Class P Certificates shall
not
reduce the Certificate Principal Balances thereof.
(g) On
each
Distribution Date, the Securities Administrator shall distribute from the
amounts received from the Swap Provider in respect of any Net Swap Payment
then
on deposit in the Supplemental Interest Trust the following amounts in
the
following order of priority:
(1) to
the
Class A Certificates, pro rata, based on entitlement, in an amount equal
to any
Interest Carry Forward Amount for such Class or Classes to the extent not
covered by the Interest Remittance Amount on that Distribution Date and
solely
to the extent the Interest Carry Forward Amount is a result of the interest
portion of Realized Losses;
(2) to
the
Class A Certificates and Class M Certificates, an amount equal to any Extra
Principal Distribution Amount, to the extent not covered by the Net Monthly
Excess Cashflow on that Distribution Date and solely to the extent the
payment
of the Extra Principal Distribution Amount is as a result of current or
prior
period Realized Losses, to be included in the Principal Distribution Amount
for
that Distribution Date and payable as provided under Sections 4.01(b),
(c) and
(d) above;
(3) sequentially
to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6,
Class
M-7, Class M-8, Class M-9 and Class M-10 Certificates, in that order, in
an
amount equal to any Interest Carry Forward Amount for such Class or Classes
to
the extent not covered by the Net Monthly Excess Cashflow on that Distribution
Date and solely to the extent the Interest Carry Forward Amount is as a
result
of the interest portion of Realized Losses;
(4) to
the
Basis Risk Shortfall Reserve Fund, to pay the Class A Certificates and
Class M
Certificates as follows: first, to the Class A Certificates, on a pro rata
basis, based on the aggregate amount of Basis Risk Shortfall Carry-Forward
Amounts for such Classes of Class A Certificates remaining unpaid, and
second,
sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class
M-5,
Class M-6, Class M-7, Class M-8, Class M-9 and Class M-10 Certificates,
in that
order, any related Basis Risk Shortfall Carry-Forward Amount for such Class
or
Classes remaining unpaid on such Distribution Date, in each case to the
extent
not covered by the Net Monthly Excess Cashflow on that Distribution Date;
and
(5) sequentially
to the Class A2, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5,
Class
M-6, Class M-7, Class M-8, Class M-9 and Class M-10 Certificates, in that
order,
in an amount equal to any Allocated Realized Loss Amount for such Class
or
Classes, to the extent not covered by the Net Monthly Excess Cashflow on
that
Distribution Date; and
(6) any
remaining amounts to the Holders of the Class C Certificates.
(h) Each
distribution with respect to a Book-Entry Certificate shall be paid to
the
Depositor, as Holder thereof, and the Depositor shall be responsible for
crediting the amount of such distribution to the accounts of its company
participants in accordance with its normal procedures. Each company participant
shall be responsible for disbursing such distribution to the Certificate
Owners
that it represents and to each indirect participating brokerage firm (a
“brokerage firm” or “indirect participating firm”) for which it acts as agent.
Each brokerage firm shall be responsible for disbursing funds to the Certificate
Owners that it represents. None of the Trustee, the Securities Administrator
the
Depositor or the Master Servicer shall have any responsibility therefor
except
as otherwise provided by this Agreement or applicable law.
(i) Except
as
otherwise provided in Section 9.01, if the Securities Administrator
anticipates that a final distribution with respect to any Class of Certificates
will be made on the next Distribution Date, the Securities Administrator
shall,
no later than two Business Days after the Determination Date in the month
of
such final distribution, mail on such date to each Holder of such Class
of
Certificates a notice to the effect that: (i) the Securities Administrator
anticipates that the final distribution with respect to such Class of
Certificates will be made on such Distribution Date but only upon presentation
and surrender of such Certificates at the office of the Securities Administrator
or as otherwise specified therein, and (ii) no interest shall accrue on
such
Certificates from and after the end of the prior calendar month.
(j) Any
funds
not distributed to any Holder or Holders of Certificates of such Class
on such
Distribution Date because of the failure of such Holder or Holders to tender
their Certificates shall, on such date, be set aside and held in trust
and
credited to the account of the appropriate non-tendering Holder or Holders.
If
any Certificates as to which notice has been given pursuant to this
Section 4.01(j) shall not have been surrendered for cancellation within six
months after the time specified in such notice, the Securities Administrator
shall mail a second notice to the remaining non-tendering Certificateholders
to
surrender their Certificates for cancellation in order to receive the final
distribution with respect thereto. If within six months after the second
notice
all such Certificates shall not have been surrendered for cancellation,
the
Securities Administrator shall take reasonable steps as directed by the
Depositor, or appoint an agent to take reasonable steps, to contact the
remaining non-tendering Certificateholders concerning surrender of their
Certificates. The costs and expenses of maintaining the funds in trust
and of
contacting such Certificateholders shall be paid out of the assets remaining
in
the Trust Fund. If within nine months after the second notice any such
Certificates shall not have been surrendered for cancellation, the Class
R
Certificateholders shall be entitled to all unclaimed funds and other assets
which remain subject hereto. No interest shall accrue or be payable to
any
Certificateholder on any amount held in trust as a result of such
Certificateholder’s failure to surrender its Certificate(s) for final payment
thereof in accordance with this Section 4.01(j).
(k) On
each
Distribution Date, other than the final Distribution Date, the Securities
Administrator shall distribute to each Certificateholder of record as of
the
immediately preceding Record Date the Certificateholder’s pro rata share of its
Class (based on the aggregate Percentage Interest represented by such Holder’s
Certificates) of all amounts required to be distributed on such Distribution
Date to such Class. The Securities Administrator shall calculate the amount
to
be distributed to each Class and, based on such amounts, the Securities
Administrator shall determine the amount to be distributed to each
Certificateholder. All of the Securities Administrator’s calculations of
payments shall be based solely on information provided to the Securities
Administrator by the Master Servicer. The Securities Administrator shall
not be
required to confirm, verify or recompute any such information but shall
be
entitled to rely conclusively on such information.
Section
4.02 Statements
to Certificateholders.
(a) On
each
Distribution Date, based, as applicable, on information provided to it
by the
Master Servicer, the Securities Administrator shall prepare and make available
on the Securities Administrator’s website as set forth below, to each Holder of
the Regular Certificates, the Trustee, the Master Servicer, the Swap Provider
and the Rating Agencies, a statement as to the distributions made on such
Distribution Date setting forth:
(i) (A)
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
(B) the amount of the distribution made on such Distribution Date 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
Pass-Through Rate on each Class of Regular Certificates (other than the
Class P
Certificates) for such Distribution Date;
(iv) the
aggregate amount of Advances for such Distribution Date;
(v) the
number and Aggregate Stated Principal Balance of the Mortgage Loans as
of the
end of the related Due Period;
(vi) the
Overcollateralized Amount, the Overcollateralization Deficiency Amount
and the
Overcollateralization Target Amount for such Distribution Date;
(vii) the
aggregate Certificate Principal Balance or Notional Amount, as applicable,
of
each Class of Regular Certificates after giving effect to the amounts
distributed on such Distribution Date (in the case of each class of the
Class A
Certificates and the Class M Certificates, separately identifying any reduction
thereof due to the allocation of Realized Losses thereto);
(viii) the
number and Aggregate Stated Principal Balance of Mortgage Loans (not including
any Liquidated Mortgage Loan as of the end of the related Prepayment Period)
(a)
Delinquent 31 to 60 days, (b) Delinquent 61 to 90 days, (c) Delinquent
91 days
or more, in each case as of the end of the calendar month prior to such
Distribution Date and based on the OTS method;
(ix) the
number, aggregate principal balance and book value of any REO Properties
as of
the close of business on the last day of the calendar month preceding the
month
in which such Distribution Date occurs;
(x) the
weighted average remaining term to maturity, weighted average Mortgage
Rate and
weighted average Net Mortgage Rate of the Mortgage Loans as of the close
of
business on the first day of the calendar month in which such Distribution
Date
occurs;
(xi) the
aggregate amount of Principal Prepayments made during the related Prepayment
Period;
(xii) the
aggregate amount of Realized Losses and Liquidated Mortgage Loans incurred
during the related Prepayment Period and the cumulative amount of Realized
Losses;
(xiii) the
aggregate amount of extraordinary Trust Fund expenses withdrawn from the
Custodial Account or the Certificate Account for such Distribution
Date;
(xiv) the
aggregate amount of any Prepayment Interest Shortfalls for such Distribution
Date, to the extent not covered by payments by the Servicer or Master Servicer
pursuant to Section 3.17, and the aggregate amount of Relief Act Interest
Shortfalls for such Distribution Date;
(xv) the
Accrued Certificate Interest in respect of each Class of the Class A
Certificates, Class M Certificates and Class C Certificates for such
Distribution Date and the Basis Risk Shortfall Carry-Forward Amount, if
any,
with respect to each Class of the Class A Certificates and Class M Certificates
for such Distribution Date;
(xvi) (A)
the
Overcollateralization Target Amount, (B) the Overcollateralized Amount
and (C)
the amount, if any, by which the Overcollateralization Target Amount exceeds
the
Overcollateralized Amount, in each case after giving effect to the distribution
made on the Regular Certificates on such Distribution Date;
(xvii) the
aggregate of any deposits to and withdrawals from the Basis Risk Shortfall
Reserve Fund for such Distribution Date and the remaining amount on deposit
in
the Basis Risk Shortfall Reserve Fund after such deposits and
withdrawals;
(xviii) the
Available Distribution Amount for such Distribution Date;
(xix) the
amount of any Net Swap Payment to the Supplemental Interest Trust made
pursuant
to Section 4.01(a), any Net Swap Payment to the Swap Provider made pursuant
to Section 4.01(a), any Swap Termination Payment to the Supplemental
Interest Trust made pursuant to Section 4.01(c), any Swap Termination
Payment to the Swap Provider made pursuant to Sections 4.01(c).
On
each
Distribution Date, the Securities Administrator shall provide Bloomberg
Financial Markets, L.P. (“Bloomberg”) CUSIP level factors for each Class of
Certificates as of such Distribution Date, using a format and media mutually
acceptable to the Securities Administrator and Bloomberg.
The
information set forth above shall be calculated or reported, as the case
may be,
by the Securities Administrator, based solely on, and to the extent of,
information provided to the Securities Administrator by the Master Servicer.
The
Securities Administrator may conclusively rely on such information and
shall not
be required to confirm, verify or recalculate any such information.
The
Securities Administrator may make available each month, to any interested
party,
the monthly statement to Certificateholders via the Securities Administrator’s
website initially located at “xxx.xxxxxxx.xxx.” Assistance in using the website
can be obtained by calling the Securities Administrator’s customer service desk
at (000) 000-0000. 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 Securities Administrator’s 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 parties, and the Securities Administrator shall provide
timely
and adequate notification to all parties regarding any such change.
Within
a
reasonable period of time after the end of each calendar year, the Securities
Administrator shall prepare and forward, to each Person who at any time
during
the calendar year was a Holder of a Certificate, 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 Securities Administrator shall
be
deemed to have been satisfied to the extent that substantially comparable
information shall be provided by the Securities Administrator pursuant
to any
requirements of the Code and regulations thereunder as from time to time
are in
force.
Within
a
reasonable period of time after the end of each calendar year, the Securities
Administrator shall prepare and forward, to each Person who at any time
during
the calendar year was a Holder of a Class R Certificate 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
Certificateholder. Such obligation of the Securities Administrator shall
be
deemed to have been satisfied to the extent that substantially comparable
information shall be provided by the Securities Administrator pursuant
to any
requirements of the Code as from time to time are in force.
Section
4.03 Remittance
Reports; Advances by the Master Servicer.
(a) On
the
Business Day following each Determination Date but in no event later than
the
21st
day of
each month (or if such 21st
day is
not a Business Day, the preceding Business Day), the Master Servicer shall
deliver to the Securities Administrator a report, prepared as of the close
of
business on the Determination Date (the “Remittance Report”), in the form of an
electronic format mutually acceptable to each party. The Remittance Report
and
any written information supplemental thereto shall include such information
with
respect to the Mortgage Loans that is required by the Securities Administrator
for purposes of making the calculations and preparing the statement described
in
Sections 4.01 and 4.02, as set forth in written specifications or guidelines
issued by the Securities Administrator from time to time. The Trustee shall
have
no obligation to recompute, recalculate or verify any information provided
to it
by the Master Servicer.
(b) If
the
scheduled payment on a Mortgage Loan that was due on a related Due Date
is
delinquent, other than as a result of application of the Relief Act, and
for
which the Servicer was required to make an advance pursuant to the Servicing
Agreement exceeds the amount deposited in the Custodial Account which will
be
used for an advance with respect to such Mortgage Loan, the Master Servicer
will
deposit in the Custodial Account not later than the Certificate Account
Deposit
Date immediately preceding the related Distribution Date an amount equal
to such
deficiency, net of the Master Servicing Fee and the Servicing Fee for such
Mortgage Loan except to the extent the Master Servicer determines any such
advance to be a Nonrecoverable Advance. Subject to the foregoing, the Master
Servicer shall continue to make such advances through the date that the
Servicer
is required to do so under its Servicing Agreement. If the Master Servicer
deems
an advance to be a Nonrecoverable Advance, on the Certificate Account Deposit
Date, the Master Servicer shall present an Officer’s Certificate to the Trustee
(i) stating that the Master Servicer elects not to make a Monthly Advance
in a
stated amount and (ii) detailing the reason it deems the advance to be
a
Nonrecoverable Advance.
(c) The
Master Servicer shall deposit in the Custodial Account not later than each
Certificate Account Deposit Date an amount equal to the sum of the aggregate
amounts required to be paid by the Servicer under the Servicing Agreement
with
respect to subclauses (a) and (b) of the definition of Interest Shortfall
with
respect to the Mortgage Loans for the related Distribution Date, and not
so paid
by the Servicer (such amount, the “Compensating Interest Payment”). The Master
Servicer shall not be entitled to any reimbursement of any Compensating
Interest
Payment.
Section
4.04 Distributions
on the REMIC Regular Interests.
(a) (1)
On
each Distribution Date, the Securities Administrator shall cause the Available
Distribution Amount with respect to the Mortgage Loans, in the following
order
of priority, to be distributed by REMIC 1 to REMIC 2 on account of the
REMIC 1
Regular Interests or withdrawn from the Certificate Account and distributed
to
the Holders of the Class R Certificates (in respect of the Class R-1 Interest),
as the case may be:
(A) |
to
Holders of each of REMIC 1 Regular Interest I, REMIC I Regular
Interest P
and REMIC 1 Regular Interest I-1-A through I-50-B, pro rata,
in an amount
equal to (A) Uncertificated Accrued Interest for such REMIC 1
Regular
Interests for such Distribution Date, plus (B) any amounts payable
in
respect thereof remaining unpaid from previous Distribution Dates;
|
(B) |
to
the extent of amounts remaining after the distributions made
pursuant to
clause (i) above, payments of principal shall be allocated as
follows:
first, to REMIC I Regular Interest I and second to REMIC 1 Regular
interests I-1-A through I-50-B starting with the lowest numerical
denomination until the Uncertificated Principal Balance of each
such REMIC
1 Regular Interest is reduced to zero, provided that, for REMIC
1 Regular
Interests with the same numerical denomination, such payments
of principal
shall be allocated pro rata between such REMIC 1 Regular Interests;
and
|
(C) |
to
the Holders of REMIC 1 Regular Interest P, (A) on each Distribution
Date,
100% of the amount paid in respect of Prepayment Charges and
(B) on the
Distribution Date immediately following the expiration of the
latest
Prepayment Charge as identified on the Prepayment Charge Schedule
or any
Distribution Date thereafter until $100 has been distributed
pursuant to
this clause.
|
(2) On
each Distribution Date, the Securities Administrator shall cause the Available
Distribution Amount, in the following order of priority, to be distributed
by
REMIC 2 to REMIC 3 on account of the REMIC 2 Regular Interests or withdrawn
from
the Certificate Account and distributed to the Holders of the Class R
Certificates (in respect of the Class R-2 Interest), as the case may
be:
(i) to
the
Holders of REMIC 2 Regular Interest IO, in an amount equal to (A) Uncertificated
Accrued
Interest for such REMIC 2 Regular Interest for such Distribution Date,
plus (B)
any amounts in respect thereof remaining unpaid from previous Distribution
Dates.
(ii) to
Holders of REMIC 2 Regular Interest LT-AA, REMIC 2 Regular Interest LT-I-APT,
REMIC 2 Regular Interest LT-A1A, REMIC 2 Regular Interest LT-A1B, REMIC
2
Regular Interest LT-A1C, REMIC 2 Regular Interest LT-A2, REMIC 2 Regular
Interest LT-M1, REMIC 2 Regular Interest LT-M2, REMIC 2 Regular Interest
LT-M3,
REMIC 2 Regular Interest LT-M4, REMIC 2 Regular Interest LT-M5, REMIC 2
Regular
Interest LT-M6, REMIC 2 Regular Interest LT-M7, REMIC 2 Regular Interest
LT-M8,
REMIC 2 Regular Interest LT-M9, REMIC 2 Regular Interest LT-M10 and REMIC
2
Regular Interest LT-ZZ and REMIC 2 Regular Interest LT-P, pro rata, in
an amount
equal to (A) the related Uncertificated Accrued Interest for such Distribution
Date, plus (B) any amounts in respect thereof remaining unpaid from the
previous
Distribution Dates.
Amounts
payable as Uncertificated Accrued Interest in respect of REMIC 2 Regular
Interest LT-ZZ shall be reduced when the REMIC 2 Overcollateralized Amount
is
less than the REMIC 2 Overcollateralization Target Amount, by the lesser
of (x)
the amount of such difference and (y) the Maximum Uncertificated Accrued
Interest Deferral Amount, and such amount will be payable to the Holders
of
REMIC 2 Regular Interest LT-A1A, REMIC 2 Regular Interest LT-A1B, REMIC
2
Regular Interest LT-A1C, REMIC 2 Regular Interest LT-A2, REMIC 2 Regular
Interest LT-M1, REMIC 2 Regular Interest LT-M2, REMIC 2 Regular Interest
LT-M3,
REMIC 2 Regular Interest LT-M4, REMIC 2 Regular Interest LT-M5, REMIC 2
Regular
Interest LT-M6, REMIC 2 Regular Interest LT-M7, REMIC 2 Regular Interest
LT-M8,
REMIC 2 Regular Interest LT-M9 and REMIC 2 Regular Interest LT-M10 in the
same
proportion as the Overcollateralization Deficiency Amount is allocated
to the
Corresponding Certificates, and the Uncertificated Principal Balance of
REMIC 2
Regular Interest LT-ZZ shall be increased by such amount;
(iii) to
the
Holders of REMIC 2 Regular Interest LT-P, (A) on each Distribution Date,
100% of
the amount paid in respect of Prepayment Charges and (B) on the Distribution
Date immediately following the expiration of the latest Prepayment Charge
as
identified on the Prepayment Charge Schedule or any Distribution Date thereafter
until $100 has been distributed pursuant to this clause; and
(iv) to
the
Holders of the REMIC 2 Regular Interests, in an amount equal to the remainder
of
the Available Funds for such Distribution Date after the distributions
made
pursuant to clauses (i) and (ii) above, allocated as follows:
(A) |
98%
of such remainder to the Holders of REMIC 2 Regular Interest
LT-AA, until
the Uncertificated Principal Balance of such Uncertificated REMIC
2
Regular Interest is reduced to
zero;
|
(B) |
2%
of such remainder, first to REMIC 2 Regular Interest LT-A1A,
REMIC 2
Regular Interest LT-A1B, REMIC 2 Regular Interest LT-A1C, REMIC
2 Regular
Interest LT-A2, REMIC 2 Regular Interest LT-M1, REMIC 2 Regular
Interest
LT-M2, REMIC 2 Regular Interest LT-M3, REMIC 2 Regular Interest
LT-M4,
REMIC 2 Regular Interest LT-M5, REMIC 2 Regular Interest LT-M6,
REMIC 2
Regular Interest LT-M7, REMIC 2 Regular Interest LT-M8, REMIC
2 Regular
Interest LT-M9 and REMIC 2 Regular Interest LT-M10, 1% of and
in the same
proportion as principal payments are allocated to the Corresponding
Certificates, until the Uncertificated Principal Balances of
such REMIC 2
Regular Interests are reduced to zero and second, to the Holders
of REMIC
2 Regular Interest LT-ZZ, until the Uncertificated Principal
Balance of
such REMIC 2 Regular Interest is reduced to zero;
and
|
(C) |
any
remaining amount to the Holders of the Class R Certificates (in
respect of
the Class R-3 Interest);
|
provided,
however, that 98% and 2% of any principal payments shall be allocated to
Holders
of REMIC 2 Regular Interest LT-AA and REMIC 2 Regular Interest LT-ZZ,
respectively, once the Uncertificated Principal Balances of REMIC 2 Regular
Interest LT-A1A, REMIC 2 Regular Interest LT-A1B, REMIC 2 Regular Interest
LT-A1C, REMIC 2 Regular Interest LT-A2, REMIC 2 Regular Interest LT-M1,
REMIC 2
Regular Interest LT-M2, REMIC 2 Regular Interest LT-M3, REMIC 2 Regular
Interest
LT-M4, REMIC 2 Regular Interest LT-M5, REMIC 2 Regular Interest LT-M6,
REMIC 2
Regular Interest LT-M7, REMIC 2 Regular Interest LT-M8, REMIC 2 Regular
Interest
LT-M9 and REMIC 2 Regular Interest LT-M10 have been reduced to
zero.
Section
4.05 Allocation
of Realized Losses.
All
Realized Losses on the Mortgage Loans shall be allocated by the Securities
Administrator on each Distribution Date as follows: first, to Net Monthly
Excess
Cashflow; second, to the Overcollateralized Amount by a reduction of the
Certificate Principal Balance of the Class C Certificates, until the Certificate
Principal Balance thereof has been reduced to zero; third, to the Class
M-10
Certificates, until the Certificate Principal Balance thereof has been
reduced
to zero; fourth, to the Class M-9 Certificates, until the Certificate Principal
Balance thereof has been reduced to zero; fifth, to the Class M-8 Certificates,
until the Certificate Principal Balance thereof has been reduced to zero;
sixth,
to the Class M-7 Certificates, until the Certificate Principal Balance
thereof
has been reduced to zero; seventh, to the Class M-6 Certificates, until
the
Certificate Principal Balance thereof has been reduced to zero; eighth,
to the
Class M-5 Certificates, until the Certificate Principal Balance thereof
has been
reduced to zero; ninth, to the Class M-4 Certificates, until the Certificate
Principal Balance thereof has been reduced to zero; tenth, to the Class
M-3
Certificates, until the Certificate Principal Balance thereof has been
reduced
to zero; eleventh, to the Class M-2 Certificates, until the Certificate
Principal Balance thereof has been reduced to zero; twelfth, to the Class
M-1
Certificates, until the Certificate Principal Balance thereof has been
reduced
to zero; and thirteenth, to the Class A2 Certificates until the Certificate
Principal Balance thereof has been reduced to zero. All Realized Losses
to be
allocated to the Certificate Principal Balances of all Classes on any
Distribution Date shall be so allocated after the actual distributions
to be
made on such date as provided above. All references above to the Certificate
Principal Balance of any Class of Certificates shall be to the Certificate
Principal Balance of such Class immediately prior to the relevant Distribution
Date, before reduction thereof by any Realized Losses, in each case to
be
allocated to such Class of Certificates, on such Distribution Date.
Any
allocation of Realized Losses to a Class M Certificate or Class A2 Certificate
on any Distribution Date shall be made by reducing the Certificate Principal
Balance thereof by the amount so allocated. Any allocation of Realized
Losses to
a Class C Certificate shall be made by (i) first,
reducing the amount otherwise payable in respect thereof pursuant to
Section 4.01(c)(vi), and (ii) second,
by
reducing the Certificate Principal Balance thereof by the amount so allocated.
No allocations of any Realized Losses shall be made to the Certificate
Principal
Balances of the Class P Certificates.
With
respect to the REMIC 1 Regular Interests, all Realized Losses on the Mortgage
Loans shall be allocated shall be allocated by the Securities Administrator
on
each Distribution Date first, to REMIC 1 Regular Interest I until the
Uncertificated Principal Balance has been reduced to zero, and second,
to REMIC
1 Regular Interest I-1-A through REMIC 1 Regular Interest I-50-B, starting
with
the lowest numerical denomination until such REMIC 1 Regular Interest has
been
reduced to zero, provided that, for REMIC 1 Regular Interests with the
same
numerical denomination, such Realized Losses shall be allocated pro rata
between
such REMIC 1 Regular Interests.
With
respect to the REMIC 2 Regular Interests, all Realized Losses shall be
allocated
by the Securities Administrator on each Distribution Date first on each
Distribution Date as follows: first to Uncertificated Accrued Interest
payable
to the REMIC 2 Regular Interest LT-AA and REMIC 2 Regular Interest LT-ZZ
up to
an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount,
98%
and 2% respectively; second, to the Uncertificated Principal Balances of
REMIC 2
Regular Interest LT-AA and REMIC 2 Regular Interest LT-ZZ up to an aggregate
amount equal to the REMIC 2 Principal Loss Allocation Amount, 98% and 2%,
respectively; third, to the Uncertificated Principal Balances of REMIC
2 Regular
Interest LT-AA, REMIC 2 Regular Interest LT-M10 and REMIC 2 Regular Interest
LT-ZZ, 98%, 1% and 1%, respectively, until the Uncertificated Principal
Balance
of REMIC 2 Regular Interest LT-M10 has been reduced to zero; fourth, to
the
Uncertificated Principal Balances of REMIC 2 Regular Interest LT-AA, REMIC
2
Regular Interest LT-M9 and REMIC 2 Regular Interest LT-ZZ, 98%, 1% and
1%,
respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
Interest LT-M9 has been reduced to zero; fifth, to the Uncertificated Principal
Balances of REMIC 2 Regular Interest LT-AA, REMIC 2 Regular Interest LT-M8
and
REMIC 2 Regular Interest LT-ZZ, 98%, 1% and 1%, respectively, until the
Uncertificated Principal Balance of REMIC 2 Regular Interest LT-M8 has
been
reduced to zero; sixth, to the Uncertificated Principal Balances of REMIC
2
Regular Interest LT-AA, REMIC 2 Regular Interest LT-M7 and REMIC 2 Regular
Interest LT-ZZ, 98%, 1% and 1%, respectively, until the Uncertificated
Principal
Balance of REMIC 2 Regular Interest LT-M7 has been reduced to zero; seventh,
to
the Uncertificated Principal Balances of REMIC 2 Regular Interest LT-AA,
REMIC 2
Regular Interest LT-M6 and REMIC 2 Regular Interest LT-ZZ, 98%, 1% and
1%,
respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
Interest LT-M6 has been reduced to zero; eighth, to the Uncertificated
Principal
Balances of REMIC 2 Regular Interest LT-AA, REMIC 2 Regular Interest LT-M5
and
REMIC 2 Regular Interest LT-ZZ, 98%, 1% and 1%, respectively, until the
Uncertificated Principal Balance of REMIC 2 Regular Interest LT-M5 has
been
reduced to zero; ninth, to the Uncertificated Principal Balances of REMIC
2
Regular Interest LT-AA, REMIC 2 Regular Interest LT-M4 and REMIC 2 Regular
Interest LT-ZZ, 98%, 1% and 1%, respectively, until the Uncertificated
Principal
Balance of REMIC 2 Regular Interest LT-M4 has been reduced to zero; tenth,
to
the Uncertificated Principal Balances of REMIC 2 Regular Interest LT-AA,
REMIC 2
Regular Interest LT-M3 and REMIC 2 Regular Interest LT-ZZ, 98%, 1% and
1%,
respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
Interest LT-M3 has been reduced to zero; eleventh, to the Uncertificated
Principal Balances of REMIC 2 Regular Interest LT-AA, REMIC 2 Regular Interest
LT-M2 and REMIC 2 Regular Interest LT-ZZ, 98%, 1% and 1%, respectively,
until
the Uncertificated Principal Balance of REMIC 2 Regular Interest LT-M2
has been
reduced to zero; twelfth, to the Uncertificated Principal Balances of REMIC
2
Regular Interest LT-AA, REMIC 2 Regular Interest LT-M1 and REMIC 2 Regular
Interest LT-ZZ, 98%, 1% and 1%, respectively, until the Uncertificated
Principal
Balance of REMIC 2 Regular Interest LT-M1 has been reduced to zero; and
thirteenth, to the Uncertificated Principal Balances of REMIC 2 Regular
Interest
LT-AA, REMIC 2 Regular Interest LT-A2 and REMIC 2 Regular Interest LT-ZZ,
98%,
1% and 1%, respectively, until the Uncertificated Principal Balance of
REMIC 2
Regular Interest LT-A2 has been reduced to zero.
Section
4.06 Information
Reports to Be Filed by the Servicer.
The
Servicer shall file information reports with respect, to the extent set
forth in
the Servicing Agreement, to the receipt of mortgage interest received in
a trade
or business, foreclosures and abandonments of any Mortgaged Property and
the
information returns relating to cancellation of indebtedness income with
respect
to any Mortgaged Property required by Sections 6050H, 6050J and 6050P of
the
Code, respectively, and deliver to the Securities Administrator an Officers’
Certificate stating that such reports have been filed. Such reports shall
be in
form and substance sufficient to meet the reporting requirements imposed
by such
Sections 6050H, 6050J and 6050P of the Code.
Section
4.07 Compliance
with Withholding Requirements.
Notwithstanding
any other provision of this Agreement the Securities Administrator shall
comply
with all federal withholding requirements respecting payments to
Certificateholders of interest or original issue discount on the Mortgage
Loans,
that the Securities Administrator reasonably believes are applicable under
the
Code. The consent of Certificateholders shall not be required for such
withholding. In the event the Securities Administrator withholds any amount
from
interest or original issue discount payments or advances thereof to any
Certificateholder pursuant to federal withholding requirements, the Securities
Administrator shall, together with its monthly report to such Certificateholders
pursuant to Section 4.02 hereof, indicate such amount
withheld.
Section
4.08 Basis
Risk Shortfall Reserve Fund.
(a) On
the
Closing Date, the Securities Administrator shall establish and maintain
in its
name, in trust for the benefit of the Class A Certificates and Class M
Certificates, the Basis Risk Shortfall Reserve Fund.
(b) On
each
Distribution Date, the Securities Administrator shall transfer from the
Certificate Account to the Basis Risk Shortfall Reserve Fund the amounts
specified pursuant to Sections 4.01(c)(iv) and 4.01(g)(4). On each Distribution
Date, to the extent required, the Securities Administrator shall make
withdrawals from the Basis Risk Shortfall Reserve Fund and use the amounts
in
the Basis Risk Shortfall Reserve Fund to make distributions to the Class
A
Certificates and Class M Certificates in an amount equal to the amount
of any
Basis Risk Shortfall Carry-Forward Amount on such Certificates. Any such
amounts
from the Net Monthly Excess Cashflow shall be distributed first, concurrently
to
the Class A1A, Class A1B, Class A1C and Class A2 Certificates, and second,
sequentially to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5,
Class
M-6, Class M-7, Class M-8, Class M-9 and Class M-10 Certificates, in that
order,
in each case until the related Basis Risk Shortfall Carry-Forward Amount
has
been reduced to zero. Any such amounts transferred shall be treated for
federal
tax purposes as amounts distributed by REMIC 3 to the Holder of the Class
C
Certificates. On
each
Distribution Date, after the distributions described in the preceding sentence,
the Securities Administrator shall withdraw from the Basis Risk Shortfall
Reserve Fund (to the extent of funds available on deposit therein) any
remaining
amounts and distribute them to the Holders of the Class C Certificates,
not in
respect of any REMIC.
(c) The
Basis
Risk Shortfall Reserve Fund shall be an Eligible Account. Amounts held
in the
Basis Risk Shortfall Reserve Fund from time to time shall continue to constitute
assets of the Trust Fund, but not of the REMICs, until released from the
Basis
Risk Shortfall Reserve Fund pursuant to this Section 4.08. The Basis Risk
Shortfall Reserve Fund constitutes an “outside reserve fund” within the meaning
of Treasury Regulation § 1.860G-2(h) and is not an asset of any REMIC. The
Holders of the Class C Certificates shall be the owner of the Basis Risk
Shortfall Reserve Fund. The Securities Administrator shall keep records
that
accurately reflect the funds on deposit in the Basis Risk Shortfall Reserve
Fund. The
Securities Administrator shall, at the written direction of the holder
of the
Majority Class C Certificateholder, invest amounts on deposit in the Basis
Risk
Shortfall Reserve Fund in Permitted Investments. In the absence of written
direction to the Securities Administrator from the Majority Class C
Certificateholder, all funds in the Basis Risk Shortfall Reserve Fund shall
remain uninvested.
On each
Distribution Date, the Securities Administrator shall distribute, not in
respect
of any REMIC, any interest earned on the Basis Risk Shortfall Reserve Fund
to
the Holders of the Class C Certificates.
(d) For
federal tax return and information reporting, the right of the Holders
of the
Class A Certificates and the Class M Certificates to receive payments in
respect
of any Basis Risk Shortfall Carry-Forward Amount will have a value of
$18,972.
Section
4.09 Supplemental
Interest Trust.
(a) As
of the
Closing Date, the Securities Administrator shall establish and maintain
in the
name of the Trustee a separate trust for the benefit of the Swap Provider
and
the holders of the Class A Certificates and Class M Certificates (the
“Supplemental Interest Trust”). The Supplemental Interest Trust shall hold the
Swap Agreement and the Swap Account. The Securities Administrator shall
establish an Eligible Account (“the “Swap Account”) into which the Depositor
shall deposit $1,000 on the Closing Date. Funds on deposit in the Swap
Account
shall be held separate and apart from, and shall not be commingled with,
any
other moneys, including, without limitation, other moneys of the Trustee
or of
the Securities Administrator held pursuant to this Agreement.
(b) On
each
Distribution Date, the Securities Administrator shall deposit into the
Swap
Account amounts distributable to the Supplemental Interest Trust pursuant
to
Sections 4.01(a) (second paragraph) and 4.01(c)(v) of this Pooling and
Servicing
Agreement. On each Distribution Date, the Securities Administrator shall
distribute any such amounts to the Swap Provider pursuant to the Swap Agreement,
first to pay any Net Swap Payment owed to the Swap Provider for such
Distribution Date, and second to pay any Swap Termination Payment owed
to the
Swap Provider.
(c) On
each
Distribution Date, the Securities Administrator shall deposit into the
Swap
Account amounts received from the Swap Provider. On each Distribution Date,
the
Securities Administrator shall distribute from the Swap Account an amount
equal
to the amount of any Net Swap Payment received from the Swap Provider under
the
Swap Agreement, in the following order of priority:
(i) first,
an
amount equal to the aggregate amount required under Section 4.01(g) to be
distributed on such Distribution Date, to the Class A and Class M
Certificateholders in accordance with Section 4.01(g) of this Pooling and
Servicing Agreement, and
(ii) second,
any
remainder, to the holder of the Class C Certificates.
(d) [reserved]
(e) The
Supplemental Interest Trust constitutes an “outside reserve fund” within the
meaning of Treasury Regulation § 1.860G-2(h) and is not an asset of any REMIC.
The Holders of the Class C Certificates shall be the beneficial owner of
the
Supplemental Interest Trust, subject to the power of the Securities
Administrator to transfer amounts under this Agreement. The Securities
Administrator shall keep records that accurately reflect the funds on deposit
in
the Swap Account. The Securities Administrator shall, at the written direction
of the holder of the Majority Class C Certificateholder, invest amounts
on
deposit in the Swap Account in Permitted Investments. In the absence of
written
direction to the Securities Administrator from the Majority Class C
Certificateholder, all funds in the Swap Account shall remain uninvested.
On
each Distribution Date, the Securities Administrator shall distribute,
not in
respect of any REMIC, any interest earned on the Swap Account within the
Supplemental Interest Trust to the Holders of the Class C
Certificates.
(f) For
federal income tax purposes, amounts paid to the Swap Account within the
Supplemental Interest Trust on each Distribution Date pursuant to Sections
4.01(a) (second paragraph) and 4.01(c)(v) shall first be deemed paid to
the
Supplemental Interest Trust in respect of Class IO Interest to the extent
of the
amount distributable on such Class IO Interest on such Distribution Date,
and
any remaining amount shall be deemed paid to the Supplemental Interest
Trust in
respect of a Class IO Distribution Amount.
(g) The
Securities Administrator shall treat the Holders of Certificates (other
than the
Class P, Class C and Class R Certificates) as having entered into a notional
principal contract with respect to the Holders of the Class C Certificates.
Pursuant to each such notional principal contract, all Holders of Certificates
(other than the Class P, Class C and Class R Certificates) shall be treated
as
having agreed to pay, on each Distribution Date, to the Holder of the Class
C
Certificates an aggregate amount equal to the excess, if any, of (i) the
amount
payable on such Distribution Date on the REMIC 3 Regular Interest, ownership
of
which is represented by such Class of Certificates, over (ii) the amount
payable
on such Class of Certificates on such Distribution Date (such excess, a
“Class
IO Distribution Amount”). A Class IO Distribution Amount payable from interest
collections shall be allocated pro rata among such Certificates based on
the
amount of interest otherwise payable to such Certificates, and a Class
IO
Distribution Amount payable from principal collections shall be allocated
to the
most subordinate Class of such Certificates with an outstanding principal
balance to the extent of such balance. In addition, pursuant to such notional
principal contract, the Holder of the Class C Certificates shall be treated
as
having agreed to pay Basis Risk Shortfall Carry Forward Amounts to the
Holders
of the Certificates (other than the Class C, Class P and Class R Certificates)
in accordance with the terms of this Agreement. Any payments to such
Certificates from amounts deemed received in respect of this notional principal
contract shall not be payments with respect to a Regular Interest in a
REMIC
within the meaning of Code Section 860G(a)(1). However, any payment from
the Certificates (other than the Class C, Class P and Class R Certificates)
of a
Class IO Distribution Amount shall be treated for tax purposes as having
been
received by the Holders of such Certificates in respect of the REMIC 3
Regular
Interest ownership of which is represented by such Certificates, and as
having
been paid by such Holders to the Supplemental Interest Trust pursuant to
the
notional principal contract. Thus, each Certificate (other than the Class
P
Certificates and Class R Certificates) shall be treated as representing
not only
ownership of a Regular Interest in REMIC 3, but also ownership of an interest
in, and obligations with respect to, a notional principal contract.
(h) In
the
event that the Swap Agreement is terminated prior to the Distribution Date
in
July 2014, the Securities Administrator shall use reasonable efforts to
appoint
a successor swap provider using any Swap Termination Payments paid by the
Swap
Provider. If the Securities Administrator is unable to locate a qualified
successor swap provider, any such Swap Termination Payments will be remitted
to
the Securities Administrator for payment to the holders of the Class A
and Class
M Certificates of amounts described in Section 4.09(c).
Section
4.10 Tax
Treatment of Swap Payments and Swap Termination Payments.
For
federal income tax purposes, each holder of a Class A or Class M Certificate
is
deemed to own an undivided beneficial ownership interest in a REMIC regular
interest and the right to receive payments from either the Basis Risk Shortfall
Reserve Fund or the Supplemental Interest Trust in respect of any Basis
Risk
Shortfall Carry-Forward Amounts or the obligation to make payments to the
Supplemental Interest Trust. For federal income tax purposes, the Securities
Administrator will account for payments to each Class A and Class M Certificates
as follows: each Class A and Class M Certificate will be treated as receiving
their entire payment from REMIC 3 (regardless of any Swap Termination Payment
or
obligation under the Swap Agreement) and subsequently paying their portion
of
any Swap Termination Payment in respect of each such Class’ obligation under the
Swap Agreement. In the event that any such Class is resecuritized in a
REMIC,
the obligation under the Swap Agreement to pay any such Swap Termination
Payment
(or any shortfall in Swap Provider Fee), will be made by one or more of
the
REMIC Regular Interests issued by the resecuritization REMIC subsequent
to such
REMIC Regular Interest receiving its full payment from any such Class A
or Class
M Certificate. For Federal Income tax purposes, the Swap Account is deemed
to
have a value of $0.
The
REMIC
regular interest corresponding to a Class A or Class M Certificate will
be
entitled to receive interest and principal payments at the times and in
the
amounts equal to those made on the certificate to which it corresponds,
except
that (i) the maximum interest rate of that REMIC regular interest will
equal the
Net WAC Rate computed for this purpose by limiting the Notional Amount
of the
Swap Agreement to the aggregate principal balance of the Mortgage Loans
and (ii)
any Swap Termination Payment will be treated as being payable solely from
Net
Monthly Excess Cashflow. As a result of the foregoing, the amount of
distributions and taxable income on the REMIC regular interest corresponding
to
a Class A or Class M Certificate may exceed the actual amount of distributions
on the Class A or Class M Certificate.
ARTICLE
V
THE
CERTIFICATES
Section
5.01 The
Certificates.
(a) The
Certificates will be substantially in the respective forms annexed hereto
as
Exhibits A and B-1 through B-4. The Certificates will be issuable in registered
form only. The Certificates (other than the Class P Certificates, the Class
C
Certificates and the Residual Certificates) will be issued in minimum
denominations of $100,000 Initial Certificate Principal Balance and integral
multiples of $1 in excess thereof. The Class C Certificates will be issued
in
minimum denominations of $1.00 Initial Notional Amount and integral multiples
of
$1.00 in excess thereof. The Class P Certificates and the Residual Certificates
will each be issuable in minimum denominations of any Percentage Interest
representing 20.00% and multiples of 0.01% in excess thereof.
Upon
original issue, the Certificates shall, upon the written request of the
Depositor executed by an officer of the Depositor, be executed and delivered
by
the Securities Administrator, authenticated by the Securities Administrator
and
delivered to or upon the order of the Depositor upon receipt by the Securities
Administrator of the documents specified in Section 2.01. The Certificates
shall be executed by manual or facsimile signature on behalf of the Securities
Administrator by a Responsible Officer. Certificates bearing the manual
or
facsimile signatures of individuals who were at the time they signed the
proper
officers of the Securities Administrator shall bind the Securities
Administrator, notwithstanding that such individuals or any of them have
ceased
to hold such offices prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such Certificates.
No
Certificate shall be entitled to any benefit under this Agreement, or be
valid
for any purpose, unless there appears on such Certificate a certificate
of
authentication substantially in the form provided for herein executed by
the
Securities Administrator by manual signature, and such certificate upon
any
Certificate shall be conclusive evidence, and the only evidence, that such
Certificate has been duly authenticated and delivered hereunder. All
Certificates issued on the Closing Date shall be dated the Closing Date
and any
Certificates delivered thereafter shall be dated the date of their
authentication.
(b) The
Class
A Certificates and the Class M Certificates shall initially be issued as
one or
more Certificates registered in the name of the Depositor or its nominee
and,
except as provided below, registration of such Certificates may not be
transferred by the Securities Administrator except to another Depositor
that
agrees to hold such Certificates for the respective Certificate Owners
with
Ownership Interests therein. The Certificate Owners shall hold their respective
Ownership Interests in and to each of such Book-Entry Certificates through
the
book-entry facilities of the Depositor and, except as provided below, shall
not
be entitled to Definitive Certificates in respect of such Ownership Interests.
All transfers by Certificate Owners of their respective Ownership Interests
in
the Book-Entry Certificates shall be made in accordance with the procedures
established by the company participant or brokerage firm representing such
Certificate Owner. Each company participant shall transfer the Ownership
Interests only in the Book-Entry Certificates of Certificate Owners it
represents or of brokerage firms for which it acts as agent in accordance
with
the Depositor’s normal procedures. The Securities Administrator shall not be
required to monitor, determine or inquire as to compliance with the transfer
restrictions with respect to the Book-Entry Certificates, and the Securities
Administrator shall have no liability for transfers of Ownership Interests
in
the Book Entry Certificates made through the book-entry facilities of the
Depositary or between or among depositary participants or Certificate Owners,
made in violation of the applicable restrictions.
The
Trustee, the Securities Administrator, the Master Servicer and the Depositor
may
for all purposes (including the making of payments due on the respective
Classes
of Book-Entry Certificates) deal with the Depositor as the authorized
representative of the Certificate Owners with respect to the respective
Classes
of Book-Entry Certificates for the purposes of exercising the rights of
Certificateholders hereunder. The rights of Certificate Owners with respect
to
the respective Classes of Book-Entry Certificates shall be limited to those
established by law and agreements between such Certificate Owners and the
company participants and brokerage firms representing such Certificate
Owners.
Multiple requests and directions from, and votes of, the Depositor as Holder
of
any Class of Book-Entry Certificates with respect to any particular matter
shall
not be deemed inconsistent if they are made with respect to different
Certificate Owners. The Securities Administrator may establish a reasonable
record date in connection with solicitations of consents from or voting
by
Certificateholders and shall give notice to the Depositor of such record
date.
If
(i)(A)
the Depositor advises the Securities Administrator in writing that the
Depositor
is no longer willing or able to properly discharge its responsibilities
as
Depositor and (B) the Depositor is unable to locate a qualified successor
or
(ii) the Depositor, with the consent of Certificate Owners, advises the
Securities Administrator in writing that it elects to terminate the book-entry
system through the Depositor, the Securities Administrator shall notify
all
Certificate Owners, through the Depositor, of the occurrence of any such
event
and of the availability of Definitive Certificates to Certificate Owners
requesting the same. Upon surrender to the Securities Administrator of
the
Book-Entry Certificates by the Depositor, accompanied by registration
instructions from the Depositor for registration of transfer, the Securities
Administrator shall, at the expense of the Depositor, issue the Definitive
Certificates. Neither the Depositor, the Master Servicer nor the Securities
Administrator shall be liable for any actions taken by the Depositor or
its
nominee, including, without limitation, any delay in delivery of such
instructions and may conclusively rely on, and shall be protected in relying
on,
such instructions. Upon the issuance of Definitive Certificates the Trustee,
the
Securities Administrator and the Master Servicer shall recognize the Holders
of
the Definitive Certificates as Certificateholders hereunder.
(c) Each
Certificate is intended to be a “security” governed by Article 8 of the Uniform
Commercial Code as in effect in the State of New York and any other applicable
jurisdiction, to the extent that any of such laws may be
applicable.
Section
5.02 Registration
of Transfer and Exchange of Certificates.
(a) The
Securities Administrator shall maintain a Certificate Register in which,
subject
to such reasonable regulations as it may prescribe, the Securities Administrator
shall provide for the registration of Certificates and of transfers and
exchanges of Certificates as herein provided.
(b) Except
as
provided in Section 5.02(c), no transfer, sale, pledge or other disposition
of a Class M-10, Class P, Class C or Residual Certificate shall be made
unless
such transfer, sale, pledge or other disposition is exempt from the registration
requirements of the Securities Act of 1933, as amended (the “Act”), and any
applicable state securities laws or is made in accordance with said Act
and
laws. In the event that a transfer of a Class M-10, Class P, Class C or
Residual
Certificate is to be made under this Section 5.02(b), (i) the Securities
Administrator shall require an Opinion of Counsel acceptable to and in
form and
substance satisfactory to the Securities Administrator that such transfer
shall
be made pursuant to an exemption, describing the applicable exemption and
the
basis therefor, from said Act and laws or is being made pursuant to said
Act and
laws, which Opinion of Counsel shall not be an expense of the Securities
Administrator, the Trustee, the Depositor or the Master Servicer, provided
that
such Opinion of Counsel will not be required in connection with the initial
transfer of any such Certificate by the Depositor or any affiliate thereof,
to a
non-affiliate of the Depositor and (ii) the Securities Administrator shall
require the transferee to execute a representation letter, substantially
in the
form of Exhibit G-1 hereto, and the Securities Administrator shall require
the
transferor to execute a representation letter, substantially in the form
of
Exhibit G-2 hereto, each acceptable to and in form and substance satisfactory
to
the Securities Administrator certifying to the Depositor and the Securities
Administrator the facts surrounding such transfer, which representation
letters
shall not be an expense of the Securities Administrator, the Trustee, the
Depositor or the Master Servicer; provided,
however,
that
such representation letters will not be required in connection with any
transfer
of any such Certificate by the Depositor to an affiliate of the Depositor
and
the Securities Administrator shall be entitled to conclusively rely upon
a
representation (which, upon the request of the Securities Administrator,
shall
be a written representation) from the Depositor of the status of such transferee
as an affiliate of the Depositor. Any such Certificateholder desiring to
effect
such transfer shall, and does hereby agree to, indemnify the Securities
Administrator, the Trustee, the Depositor and the Master Servicer against
any
liability that may result if the transfer is not so exempt or is not made
in
accordance with such applicable federal and state laws.
(c) Notwithstanding
the requirements of Section 5.02(b), transfers of Class M-10, Class P,
Class C and Residual Certificates may be made in accordance with this
Section 5.02(c) if the prospective transferee of a Certificate provides the
Securities Administrator and the Depositor with an investment letter
substantially in the form of Exhibit G-3 attached hereto, which investment
letter shall not be an expense of the Securities Administrator, the Trustee,
the
Depositor or the Master Servicer, and which investment letter states that,
among
other things, such transferee is a “qualified institutional buyer” as defined
under Rule 144A, provided that, in the case of any Book-Entry Certificate,
such
transferee shall be deemed to have made such representations and warranties
contained in such investment letter. Such transfers shall be deemed to
have
complied with the requirements of Section 5.02(b) hereof; provided,
however,
that no
Transfer of any of the Class P Certificates, Class C Certificates or Residual
Certificates may be made pursuant to this Section 5.02(c) by the Depositor.
Any such Certificateholder desiring to effect such transfer shall, and
does
hereby agree to, indemnify the Securities Administrator, the Trustee, the
Depositor and the Master Servicer against any liability that may result
if the
transfer is not so exempt or is not made in accordance with such applicable
federal and state laws.
The
Securities Administrator shall require an Opinion of Counsel, on which
the
Securities Administrator, the Trustee, the Depositor and the Master Servicer
may
rely, from a prospective transferee prior to the transfer of any ERISA
Restricted Certificate to any employee benefit plan or other retirement
arrangement, including an individual retirement account or Xxxxx plan,
that is
subject to the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”), or Section 4975 of the Code (any of the foregoing, a “Plan”), to
a trustee or other Person acting on behalf of any Plan, or to any other
person
who is using “plan assets” of any Plan to effect such acquisition (including any
insurance company using funds in its general or separate accounts that
may
constitute “plan assets”). Such Opinion of Counsel must establish to the
satisfaction of the Securities Administrator that such transfer is permissible
under applicable law, will not constitute or result in a prohibited transaction
under Section 406 of ERISA or Section 4975 of the Code, and will not
subject the Securities Administrator, the Trustee, the Master Servicer
or the
Depositor to any obligation in addition to those undertaken in this Agreement.
None of the Depositor, the Master Servicer, the Securities Administrator
or the
Trustee will be required to obtain such Opinion of Counsel on behalf of
any
prospective transferee. A purchaser of an ERISA Restricted Certificate
shall be
deemed to represent or certify to the Securities Administrator, the Trustee,
the
Master Servicer and the Depositor that it is not a Plan or using assets
of a
Plan if it does not provide such an Opinion of Counsel.
For
so
long as the Supplemental Interest Trust is in existence, each beneficial
owner
of an Offered Certificate or Class M-10 Certificate or any interest therein
shall be deemed to have represented, by virtue of its acquisition or holding
of
the Offered Certificate or Class M-10 Certificate, or interest therein,
that
either (i) it is not a Plan or a trustee or other Person acting on behalf
of a
Plan or using “plan assets” of a Plan to effect such acquisition (including any
insurance company using funds in its general or separate accounts that
may
constitute “plan assets”) or (ii)(A) in the case of an Offered Certificate
rated, at the time of purchase, not lower than BBB- (or its equivalent)
by a
Rating Agency, the beneficial owner is an accredited investor within the
meaning
of Prohibited Transaction Exemption 2002-41, as amended from time to time
(the
“Exemption”) and (B) the acquisition and holding of such Certificate and the
separate right to receive payments from the Supplemental Interest Trust
are
eligible for the exemptive relief available under Prohibited Transaction
Class
Exemption (“PTCE”) 84-14 (for transactions by independent “qualified
professional asset managers”), 91-38 (for transactions by bank collective
investment funds), 90-1 (for transactions by insurance company pooled separate
accounts), 95-60 (for transactions by insurance company general accounts)
or
96-23 (for transactions effected by “in-house asset managers”), for the Offered
Certificates and PTCE 95-60 for the Class M-10 Certificates.
Each
beneficial owner of a Class M Certificate or any interest therein that
is
acquired after the termination of the Supplemental Interest Trust shall
be
deemed to have represented, by virtue of its acquisition or holding of
that
certificate or interest therein, that either (i) it is not a Plan or a
trustee
or other Person acting on behalf of a Plan or using “plan assets” of a Plan to
effect such acquisition (including any insurance company using funds in
its
general or separate accounts that may constitute “plan assets”), (ii) in the
case of Certificates other than the Class M-10 Certificates, it has acquired
and
is holding such certificate in reliance on the Exemption, and that it
understands that there are certain conditions to the availability of the
Exemption, including that the certificate must be rated, at the time of
purchase, not lower than “BBB-” (or its equivalent) by S&P, Fitch or
Xxxxx’x, and the certificate is so rated or (iii) (1) it is an insurance
company, (2) the source of funds used to acquire or hold the certificate
or
interest therein is an “insurance company general account,” as such term is
defined in PTCE 95-60, and (3) the conditions in Sections I and III of
PTCE
95-60 have been satisfied. In lieu of a representation in this or the preceding
paragraph, a beneficial owner of a Class M-10 Certificate may provide an
Opinion
of Counsel, which establishes to the satisfaction of the Securities
Administrator that the purchase and holding of a Class M-10 Certificate
is
permissible under applicable law, will not constitute or result in any
non-exempt prohibited transaction under ERISA or Section 4975 of the Code
and will not subject the Securities Administrator, Depositor, the Master
Servicer, the Trustee or the trust fund to any obligation or liability
(including obligations or liabilities under ERISA or Section 4975 of the
Code) in addition to those undertaken in this Agreement, which Opinion
of
Counsel will not be an expense of Securities Administrator, Depositor,
the
Master Servicer, the Trustee or the trust fund.
If
any
Certificate, or any interest therein, is acquired or held in violation
of this
section 5.02(c), the next preceding permitted beneficial owner will be
treated
as the beneficial owner of that Certificate, retroactive to the date of
transfer
to the purported beneficial owner. Any purported beneficial owner whose
acquisition or holding of a Certificate, or interest therein, was effected
in
violation of this section shall indemnify to the extent permitted by law
and
hold harmless the Depositor, the Sponsor, the Master Servicer, any servicer,
the
Securities Administrator, any underwriter and the Trustee from and against
any
and all liabilities, claims, costs or expenses incurred by such parties
as a
result of such acquisition or holding.
(d) [Reserved]
(e) (i)
Each
Person who has or who acquires any Ownership Interest in a Residual Certificate
shall be deemed by the acceptance or acquisition of such Ownership Interest
to
have agreed to be bound by the following provisions and to have irrevocably
authorized the Securities Administrator or its designee under clause (iii)(A)
below to deliver payments to a Person other than such Person and to negotiate
the terms of any mandatory sale under clause (iii)(B) below and to execute
all
instruments of transfer and to do all other things necessary in connection
with
any such sale. The rights of each Person acquiring any Ownership Interest
in a
Residual Certificate are expressly subject to the following
provisions:
(A) |
Each
Person holding or acquiring any Ownership Interest in a Residual
Certificate shall be a Permitted Transferee and shall promptly
notify the
Securities Administrator of any change or impending change in
its status
as a Permitted Transferee.
|
(B) |
In
connection with any proposed Transfer of any Ownership Interest
in a
Residual Certificate, the Securities Administrator shall require
delivery
to it, and shall not register the Transfer of any Residual Certificate
until its receipt of (I) an affidavit and agreement (a “Transfer Affidavit
and Agreement” in the form attached hereto as Exhibit G-5) from the
proposed Transferee, in form and substance satisfactory to the
Securities
Administrator representing and warranting, among other things,
that it is
a Permitted Transferee, that it is not acquiring its Ownership
Interest in
the Residual Certificate that is the subject of the proposed
Transfer as a
nominee, trustee or agent for any Person who is not a Permitted
Transferee, that for so long as it retains its Ownership Interest
in a
Residual Certificate, it will endeavor to remain a Permitted
Transferee,
and that it has reviewed the provisions of this Section 5.02 and
agrees to be bound by them, and (II) a certificate, in the form
attached
hereto as Exhibit G-4, from the Holder wishing to transfer the
Residual
Certificate, in form and substance satisfactory to the Securities
Administrator representing and warranting, among other things,
that no
purpose of the proposed Transfer is to impede the assessment
or collection
of tax.
|
(C) |
Notwithstanding
the delivery of a Transfer Affidavit and Agreement by a proposed
Transferee under clause (B) above, if a Responsible Officer of
the
Securities Administrator assigned to this transaction has actual
knowledge
that the proposed Transferee is not a Permitted Transferee, no
Transfer of
an Ownership Interest in a Residual Certificate to such proposed
Transferee shall be effected.
|
(D) |
Each
Person holding or acquiring any Ownership Interest in a Residual
Certificate shall agree (x) to require a Transfer Affidavit and
Agreement
from any other Person to whom such Person attempts to transfer
its
Ownership Interest in a Residual Certificate and (y) not to transfer
its
Ownership Interest unless it provides a certificate to the Securities
Administrator in the form attached hereto as Exhibit
G-4.
|
(E) |
Each
Person holding or acquiring an Ownership Interest in a Residual
Certificate, by purchasing an Ownership Interest in such Certificate,
agrees to give the Securities Administrator written notice that
it is a
“pass-through interest holder” within the meaning of Temporary Treasury
Regulations Section 1.67-3T(a)(2)(i)(A) immediately upon acquiring an
Ownership Interest in a Residual Certificate, if it is “a pass-through
interest holder”, or is holding an Ownership Interest in a Residual
Certificate on behalf of a “pass-through interest
holder.”
|
(ii) The
Securities Administrator will register the Transfer of any Residual Certificate
only if it shall have received the Transfer Affidavit and Agreement in
the form
attached hereto as Exhibit G-5, a certificate of the Holder requesting
such
transfer in the form attached hereto as Exhibit G-4 and all of such other
documents as shall have been reasonably required by the Securities Administrator
as a condition to such registration. Transfers of the Residual Certificates
other than to Permitted Transferees are prohibited.
(iii) (A)
If
any
Person other than a Permitted Transferee shall become a Holder of a Residual
Certificate, then the last preceding Permitted Transferee shall be restored,
to
the extent permitted by law, to all rights and obligations as Holder thereof
retroactive to the date of registration of such Transfer of such Residual
Certificate. If a Non-United States Person shall become a Holder of a Residual
Certificate, then the last preceding Permitted Transferee shall be restored,
to
the extent permitted by law, to all rights and obligations as Holder thereof
retroactive to the date of registration of such Transfer of such Residual
Certificate. If a transfer of a Residual Certificate is disregarded pursuant
to
the provisions of Treasury Regulations Section 1.860E-1 or
Section 1.860G-3, then the last preceding Permitted Transferee shall be
restored, to the extent permitted by law, to all rights and obligations
as
Holder thereof retroactive to the date of registration of such transfer
of such
Residual Certificate. The prior Holder shall be entitled to recover from
any
purported Holder of a Residual Certificate that was in fact not a Permitted
Transferee under this Section 5.05(b) at the time it became a Holder all
payments made on such Residual Certificate. Each Holder of a Residual
Certificate, by acceptance thereof, shall be deemed for all purposes to
have
consented to the provisions of this clause (b) and to any amendment of
this
Agreement deemed necessary (whether as a result of new legislation or otherwise)
by counsel of the Depositor to ensure that the Residual Certificates are
not
transferred to any Person who is not a Permitted Transferee and that any
transfer of such Residual Certificates will not cause the imposition of
a tax
upon the Trust or cause any such REMIC to fail to qualify as a REMIC. The
Securities Administrator shall be under no liability to any Person for
any
registration of Transfer of a Residual Certificate that is in fact not
permitted
by this Section 5.02 or for making any payments due on such Certificate to
the Holder thereof or for taking any other action with respect to such
Holder
under the provisions of this Agreement.
(B)
If
any
purported Transferee shall become a Holder of a Residual Certificate in
violation of the restrictions in this Section 5.02 and to the extent that
the retroactive restoration of the rights of the Holder of such Residual
Certificate as described in clause (iii)(A) above shall be invalid, illegal
or
unenforceable, then the Securities Administrator shall have the right,
without
notice to the Holder or any prior Holder of such Residual Certificate,
to sell
such Residual Certificate to a purchaser selected by the Securities
Administrator on such terms as the Securities Administrator may choose.
Such
purported Transferee shall promptly endorse and deliver each Residual
Certificate in accordance with the instructions of the Securities Administrator.
Such purchaser may be the Securities Administrator itself. The proceeds
of such
sale, net of the commissions (which may include commissions payable to
the
Securities Administrator), expenses and taxes due, if any, will be remitted
by
the Securities Administrator to such purported Transferee. The terms and
conditions of any sale under this clause (iii)(B) shall be determined in
the
sole discretion of the Securities Administrator, and the Securities
Administrator shall not be liable to any Person having an Ownership Interest
in
a Residual Certificate as a result of its exercise of such
discretion.
(iv) The
Securities Administrator shall make available to the Internal Revenue Service
and those Persons specified by the REMIC Provisions, all information necessary
to compute any tax imposed (A) as a result of the transfer of an ownership
interest in a Residual Certificate to any Person who is a Disqualified
Organization, including the information regarding “excess inclusions” of such
Residual Certificates required to be provided to the Internal Revenue Service
and certain Persons as described in Treasury Regulations Sections 1.860D-1(b)(5)
and 1.860E-2(a)(5), and (B) as a result of any regulated investment company,
real estate investment trust, common trust fund, partnership, trust, estate
or
organization described in Section 1381 of the Code that holds an Ownership
Interest in a Residual Certificate having as among its record Holders at
any
time any Person who is a Disqualified Organization. The Securities Administrator
may charge and shall be entitled to reasonable compensation for providing
such
information as may be required from those Persons which may have had a
tax
imposed upon them as specified in clauses (A) and (B) of this paragraph
for
providing such information.
(v) Subject
to the preceding paragraphs, upon surrender for registration of transfer
of any
Certificate at the office of the Securities Administrator maintained for
such
purpose, the Securities Administrator shall execute and the Securities
Administrator shall authenticate and deliver, in the name of the designated
transferee or transferees, one or more new Certificates of the same Class
of a
like aggregate Percentage Interest. Every Certificate surrendered for transfer
shall be accompanied by notification of the account of the designated transferee
or transferees for the purpose of receiving distributions pursuant to
Section 4.01 by wire transfer, if any such transferee desires and is
eligible for distribution by wire transfer.
(vi) At
the
option of the Certificateholders, Certificates may be exchanged for other
Certificates of authorized denominations of the same Class of a like aggregate
Percentage Interest, upon surrender of the Certificates to be exchanged
at the
office of the Securities Administrator. Whenever any Certificates are so
surrendered for exchange the Securities Administrator shall execute,
authenticate and deliver the Certificates which the Certificateholder making
the
exchange is entitled to receive. Every Certificate presented or surrendered
for
transfer or exchange shall (if so required by the Securities Administrator)
be
duly endorsed by, or be accompanied by a written instrument of transfer
in the
form satisfactory to the Securities Administrator duly executed by, the
Holder
thereof or his attorney duly authorized in writing. In addition, with respect
to
each Class R Certificate, the Holder thereof may exchange, in the manner
described above, such Class R Certificate for three separate Certificates,
each
representing such Holder’s respective Percentage Interest in the Class R-1,
Class R-2 and Class R-3 Interest, respectively, in each case that was evidenced
by the Class R Certificate being exchanged.
(vii) No
service charge shall be made to the Certificateholders for any transfer
or
exchange of Certificates, but the Securities Administrator may require
payment
of a sum sufficient to cover any tax or governmental charge that may be
imposed
in connection with any transfer or exchange of Certificates.
(viii) All
Certificates surrendered for transfer and exchange shall be canceled and
retained by the Securities Administrator in accordance with the Securities
Administrator’s standard procedures.
Section
5.03 Mutilated,
Destroyed, Lost or Stolen Certificates.
If
(i)
any mutilated Certificate is surrendered to the Securities Administrator
and the
Securities Administrator receives evidence to its satisfaction of the
destruction, loss or theft of any Certificate, and (ii) there is delivered
to
the Securities Administrator such security or indemnity as may be required
by it
to save it harmless, then, in the absence of notice to the Securities
Administrator that such Certificate has been acquired by a bona fide purchaser,
the Securities Administrator shall execute, authenticate and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or stolen
Certificate, a new Certificate of the same Class and Percentage Interest.
Upon
the issuance of any new Certificate under this Section 5.03, the Securities
Administrator may require the payment of a sum sufficient to cover any
tax or
other governmental charge that may be imposed in relation thereto and any
other
expenses (including the fees and expenses of the Securities Administrator)
connected therewith. Any replacement Certificate issued pursuant to this
Section shall constitute complete and indefeasible evidence of ownership in
the Trust Fund, as if originally issued, whether or not the lost, stolen
or
destroyed Certificate shall be found at any time.
Section
5.04 Persons
Deemed Owners.
The
Depositor, the Master Servicer, Securities Administrator the Trustee and
any
agent of any of them may treat the person in whose name any Certificate
is
registered as the owner of such Certificate for the purpose of receiving
distributions pursuant to Section 4.01 and for all other purposes
whatsoever, and neither the Depositor, the Master Servicer, the Trustee
nor any
agent of any of them shall be affected by notice to the contrary.
Section
5.05 Rule
144A
Information.
For
so
long as any Class M-10, Class P, Class C and Residual Certificates are
outstanding and are “restricted securities” within the meaning of Rule 144(a)(3)
of the Securities Act, (1) the Depositor will provide or cause to be provided
to
any Holder of such Certificates and any prospective purchaser thereof designated
by such a Holder, upon the request of such Holder or prospective purchaser,
the
information required to be provided to such Holder or prospective purchaser
by
Rule 144A(d)(4) under the Securities Act; and (2) the Depositor shall update
such information from time to time in order to prevent such information
from
becoming false and misleading and will take such other actions as are necessary
to ensure that the safe harbor exemption from the registration requirements
of
the Securities Act under Rule 144A is and will be available for resales
of such
Certificates conducted in accordance with Rule 144A. The Master Servicer
shall
cooperate with the Depositor and furnish the Depositor such information
in the
Master Servicer’s possession as the Depositor may reasonably
request.
ARTICLE
VI
THE
DEPOSITOR AND THE MASTER SERVICER
Section
6.01 Liability
of the Depositor and the Master Servicer.
The
Depositor and the Master Servicer each shall be liable in accordance herewith
only to the extent of the obligations specifically imposed upon and undertaken
by the Depositor and the Master Servicer herein. Only the Master Servicer,
any
successor Master Servicer or the Trustee acting as Master Servicer shall
be
liable with respect to the master servicing of the Mortgage Loans and the
REO
Property for actions taken by any such Person in contravention of the Master
Servicer’s duties hereunder.
Section
6.02 Merger,
Consolidation or Conversion of the Depositor or the Master
Servicer.
The
Depositor and the Master Servicer each will keep in full effect its existence,
rights and franchises as a corporation under the laws of the state of its
incorporation, and each will obtain and preserve its qualification to do
business as a foreign corporation in each jurisdiction in which such
qualification is or shall be necessary to protect the validity and
enforceability of this Agreement, the Certificates or any of the Mortgage
Loans
and to perform its respective duties under this Agreement.
Any
Person into which the Depositor or the Master Servicer may be merged,
consolidated or converted, or any corporation resulting from any merger
or
consolidation to which the Depositor or the Master Servicer shall be a
party, or
any Person succeeding to the business of the Depositor or the Master Servicer,
shall be the successor of the Depositor or the Master Servicer, as the
case may
be, hereunder, without the execution or filing of any paper or any further
act
on the part of any of the parties hereto, anything herein to the contrary
notwithstanding; provided, however, that the successor or surviving Person
to
the Master Servicer or an affiliate thereof shall be qualified to service
mortgage loans for Xxxxxx Xxx or Xxxxxxx Mac.
Section
6.03 Limitation
on Liability of the Depositor, the Master Servicer, the Securities Administrator
and Others.
Neither
the Depositor, the Master Servicer nor any of the directors, officers,
employees
or agents of the Depositor or the Master Servicer shall be under any liability
to the Trust Fund or the Certificateholders for any action taken or for
refraining from the taking of any action in good faith pursuant to this
Agreement, or for errors in judgment; provided, however, that this provision
shall not protect the Depositor or the Master Servicer (but this provision shall
protect the above described persons) against any breach of warranties or
representations made herein, or against any specific liability imposed
on the
Master Servicer pursuant to Section 3.01 or any other Section hereof;
and provided further that this provision shall not protect the Depositor,
the
Master Servicer or any such person, against any liability which would otherwise
be imposed by reason of willful misfeasance, bad faith or gross negligence
in
the performance of duties or by reason of reckless disregard of obligations
and
duties hereunder. The Depositor, the Master Servicer and any director,
officer,
employee or agent of the Depositor or the Master Servicer may rely in good
faith
on any document of any kind prima
facie
properly
executed and submitted by any Person respecting any matters arising hereunder.
The Depositor, the Custodian, the Master Servicer, the Securities Administrator
and any director, officer, employee or agent of the Depositor, the Custodian,
the Master Servicer or the Securities Administrator shall be indemnified
and
held harmless by the Trust Fund (with respect to the Master Servicer, Custodian
and Securities Administrator, in the aggregate up to a limit of $500,000
per
calendar year), against any loss, liability or expense incurred in connection
with this Agreement, the Custodial Agreement or the Certificates or the
Mortgage
Loans (including, without limitation, reasonable legal fees and disbursements
of
counsel), other than (a) any loss, liability or expense related to the
Master
Servicer’s failure to perform its master servicing obligations with respect to
any specific Mortgage Loan or Mortgage Loans (except as any such loss,
liability
or expense shall be otherwise reimbursable pursuant to this Agreement)
or
related to the Master Servicer’s obligations under Section 3.01, or to the
Custodian’s failure to perform its duties under the Custodial Agreement,
respectively, or (b) any loss, liability or expense incurred by reason
of
willful misfeasance, bad faith or gross negligence in the performance of
duties
hereunder or by reason of reckless disregard of obligations and duties
hereunder. None of the Depositor, the Master Servicer, the Custodian or
the
Securities Administrator shall be under any obligation to appear in, prosecute
or defend any legal action which is not incidental to its respective duties
under this Agreement and which in its opinion may involve it in any expense
or
liability; provided,
however,
that
the Depositor, the Master Servicer, the Custodian or the Securities
Administrator may in its sole discretion undertake any such action which
it may
deem necessary or desirable with respect to this Agreement and the rights
and
duties of the parties hereto and the interests of the Certificateholders
hereunder. In such event, the legal expenses and costs of such action and
any
liability resulting therefrom (except any action or liability related to
the
Master Servicer’s obligations under Section 3.01) shall be expenses, costs
and liabilities of the Trust Fund, and the Depositor, the Custodian, the
Master
Servicer and the Securities Administrator shall be entitled to be reimbursed
therefor from the Certificate Account as provided in Section 3.18, any such
right of reimbursement being prior to the rights of Certificateholders
to
receive any amount in the Certificate Account.
Section
6.04 Limitation
on Resignation of the Master Servicer.
The
Master Servicer shall not resign from the obligations and duties hereby
imposed
on it except (a) upon appointment of a successor master servicer reasonably
acceptable to the Trustee upon receipt by the Trustee of a letter from
each
Rating Agency (obtained by the Master Servicer and at its expense) that
such a
resignation and appointment will not, in and of itself, result in a downgrading
of the Certificates or (b) upon determination that its duties hereunder
are no
longer permissible under applicable law. Any such determination described
in (b)
above permitting the resignation of the Master Servicer shall be evidenced
by an
Opinion of Counsel (at the expense of the resigning Master Servicer) to
such
effect delivered to the Trustee. No such resignation shall become effective
until the Trustee or a successor servicer shall have assumed the Master
Servicer’s responsibilities, duties, liabilities and obligations hereunder. Any
resignation of the Master Servicer shall result in the automatic resignation
of
the Securities Administrator.
Section
6.05 Sale
and
Assignment of Master Servicing.
The
Master Servicer may sell and assign its rights and delegate its duties
and
obligations in their entirety as Master Servicer under this Agreement;
provided,
however,
that:
(i) the purchaser or transferee accepting such assignment and delegation
(a)
shall be a Person which shall be qualified to service mortgage loans for
Xxxxxx
Xxx or Xxxxxxx Mac; (b) shall, in the case of successor master servicers
only,
have a net worth of not less than $10,000,000 (unless otherwise approved
by each
Rating Agency pursuant to clause (ii) below); (c) shall be reasonably
satisfactory to the Trustee (as evidenced in a writing signed by the Trustee)
as
having a comparable master servicing ability to that of the Master Servicer
on
the Closing Date; (d) shall execute and deliver to the Trustee an agreement,
in
form and substance reasonably satisfactory to the Trustee, which contains
an
assumption by such Person of the due and punctual performance and observance
of
each covenant and condition to be performed or observed by it as master
servicer
under this Agreement and any custodial agreement, from and after the effective
date of such agreement; (ii) each Rating Agency shall be given prior written
notice of the identity of the proposed successor to the Master Servicer
and each
Rating Agency’s rating of the Certificates in effect immediately prior to such
assignment, sale and delegation will not be downgraded or withdrawn as
a result
of such assignment, sale and delegation, as evidenced by a letter to such
effect
obtained by the Master Servicer at its expense and delivered to the Trustee;
and
(iii) the Master Servicer assigning and selling the master servicing shall
deliver to the Trustee an Officer’s Certificate and an Opinion of Counsel (at
the expense of the Master Servicer), each stating that all conditions precedent
to such action under this Agreement have been completed and such action
is
permitted by and complies with the terms of this Agreement. No such assignment
or delegation shall affect any liability of the Master Servicer arising
prior to
the effective date thereof.
ARTICLE
VII
DEFAULT
Section
7.01 Events
of
Default.
“Event
of
Default”, wherever used herein, means any one of the following
events:
(i) any
failure by the Master Servicer to deposit into the Certificate Account
on each
Certificate Account Deposit Date the amounts required to be deposited therein
(other than an Advance) under the terms of this Agreement which continues
unremedied for one (1) Business Day after such amount was required to be
remitted; or
(ii) any
failure on the part of the Master Servicer duly to observe or perform in
any
material respect any other of the covenants or agreements on the part of
the
Master Servicer contained in the Certificates or in this Agreement (including
any breach of the Master Servicer’s representations and warranties pursuant to
Section 2.03(a) which materially and adversely affects the interests of the
Certificateholders) which continues unremedied for a period of 60 days
after the
date on which written notice of such failure, requiring the same to be
remedied,
shall have been given to the Master Servicer by the Trustee or to the Master
Servicer and the Trustee by the Holders of Certificates entitled to at
least 25%
of the Voting Rights; or
(iii) a
decree
or order of a court or agency or supervisory authority having jurisdiction
in an
involuntary case under any present or future federal or state bankruptcy,
insolvency or similar law or the appointment of a conservator or receiver
or
liquidator in any insolvency, readjustment of debt, marshaling of assets
and
liabilities or similar proceedings, or for the winding-up or liquidation
of its
affairs, shall have been entered against the Master Servicer and such decree
or
order shall have remained in force undischarged or unstayed for a period
of 60
consecutive days; or
(iv) the
Master Servicer shall consent to the appointment of a conservator or receiver
or
liquidator in any insolvency, readjustment of debt, marshaling of assets
and
liabilities or similar proceedings of or relating to the Master Servicer
or of
or relating to all or substantially all of its property; or
(v) the
Master Servicer shall admit in writing its inability to pay its debts generally
as they become due, file a petition to take advantage of or otherwise
voluntarily commence a case or proceeding under any applicable bankruptcy,
insolvency, reorganization or other similar statute, make an assignment
for the
benefit of its creditors, or voluntarily suspend payment of its obligations;
or
(vi) the
Master Servicer shall fail to deposit in the Certificate Account on any
Certificate Account Deposit Date an amount equal to any required Advance
which
continues unremedied for a period of one (1) Business Day after the Business
Day
immediately preceding the related Distribution Date.
If
an
Event of Default described in clauses (i) - (vi) of this Section shall
occur, then, and in each and every such case, so long as such Event of
Default
shall not have been remedied, the Trustee or the Holders of Certificates
entitled to at least 51% of the Voting Rights, by notice in writing to
the
Master Servicer (and to the Trustee if given by such Holders of Certificates),
with a copy to the Rating Agencies, may terminate all of the rights and
obligations (but not the liabilities) of the Master Servicer under this
Agreement and in and to the Trust Fund, other than its rights as a
Certificateholder hereunder; provided,
however,
that
the successor to the Master Servicer appointed pursuant to Section 7.02
shall have accepted the duties of Master Servicer effective upon the resignation
or termination of the Master Servicer. On or after the receipt by the Master
Servicer of such notice, all authority and power of the Master Servicer
under
this Agreement, whether with respect to the Certificates (other than as
a Holder
thereof) or the Mortgage Loans or otherwise, shall pass to and be vested
in the
Trustee pursuant to and under this Section, and, without limitation, the
Trustee
is hereby authorized and empowered to execute and deliver, on behalf of
the
Master Servicer, as attorney-in-fact or otherwise, any and all documents
and
other instruments, and to do or accomplish all other acts or things necessary
or
appropriate to effect the purposes of such notice of termination, whether
to
complete the transfer and endorsement or assignment of the Mortgage Loans
and
related documents, or otherwise at the expense of the Master Servicer.
The
Master Servicer agrees to cooperate with (and pay any related costs and
expenses
of) the Trustee in effecting the termination of the Master Servicer’s
responsibilities and rights hereunder, including, without limitation, the
transfer to the Trustee or the successor Master Servicer for administration
by
it of (i) the property and amounts which are then or should be part of
the Trust
Fund or which thereafter become part of the Trust Fund; (ii) originals
or copies
of all documents of the Master Servicer reasonably requested by the Trustee
to
enable it to assume the Master Servicer’s duties thereunder; (iii) the rights
and obligations of the Master Servicer under the Subservicing Agreement
with
respect to the Mortgage Loans; and (iv) all cash amounts which shall at
the time
be deposited by the Master Servicer or should have been deposited to the
Custodial or the Certificate Account or thereafter be received with respect
to
the Mortgage Loans. The Trustee shall not be deemed to have breached any
obligation hereunder as a result of a failure to make or delay in making
any
distribution as and when required hereunder caused by the failure of the
Master
Servicer to remit any amounts received by it or to deliver any documents
held by
it with respect to the Mortgage Loans. For purposes of this Section 7.01,
the Trustee shall not be deemed to have knowledge of an Event of Default
unless
a Responsible Officer of the Trustee has actual knowledge thereof or unless
notice of any event which is in fact such an Event of Default is received
by the
Trustee as provided in Section 11.05 and such notice references the
Certificates, the Trust Fund or this Agreement.
Section
7.02 Trustee
to Act; Appointment of Successor.
Within
90
days of the time the Master Servicer receives a notice of termination pursuant
to Section 7.01(i) - (vi), the Trustee or its appointed agent shall be the
successor in all respects to the Master Servicer in its capacity as Master
Servicer under this Agreement and the transactions set forth or provided
for
herein and shall be subject thereafter to all the responsibilities, duties
and
liabilities relating thereto placed on the Master Servicer including the
obligation to make Advances which have been or will be required to be made
(except for the responsibilities, duties and liabilities contained in
Section 2.03 and its obligations to deposit amounts in respect of losses
pursuant to 4.01(h)) by the terms and provisions hereof; and provided further,
that any failure to perform such duties or responsibilities caused by the
Master
Servicer’s failure to provide information required by Section 4.03 shall
not be considered a default by the Trustee hereunder. As compensation therefor,
the Trustee shall be entitled to all funds relating to the Mortgage Loans
which
the Master Servicer would have been entitled to charge to the Custodial
Account
and the Certificate Account if the Master Servicer had continued to act
hereunder. If the Trustee has become the successor to the Master Servicer
in
accordance with Section 6.04, Section 7.01 or Section 7.02, then
notwithstanding the above, if the Trustee shall be unwilling to so act,
or shall
be unable to so act, the Trustee may appoint, or petition a court of competent
jurisdiction to appoint, any established housing and home finance institution,
which is also a Xxxxxx Mae- or Xxxxxxx Mac-approved mortgage servicing
institution, having a net worth of not less than $10,000,000 as the successor
to
the Master Servicer hereunder in the assumption of all or any part of the
responsibilities, duties or liabilities of the Master Servicer hereunder.
Pending appointment of a successor to the Master Servicer hereunder, the
Trustee
shall act in such capacity as herein above provided. In connection with
such
appointment and assumption, the Trustee may make such arrangements for
the
compensation of such successor out of payments on Mortgage Loans as it
and such
successor shall agree; provided, however, that no such compensation shall
be in
excess of that permitted the Master Servicer hereunder. Each of the Depositor,
the Trustee and such successor shall take such action, consistent with
this
Agreement, as shall be necessary to effectuate any such succession. In
no event
shall the successor Master Servicer be liable for the acts or omissions
of the
predecessor Master Servicer.
In
connection with the termination or resignation of the Master Servicer hereunder,
either (i) the successor Master Servicer, including the Trustee if the
Trustee
is acting as successor Master Servicer, shall represent and warrant that
it is a
member of MERS in good standing and shall agree to comply in all material
respects with the rules and procedures of MERS in connection with the servicing
of the Mortgage Loans that are registered with MERS, in which case the
predecessor Master Servicer shall cooperate with the successor Master Servicer
in causing MERS to revise its records to reflect the transfer of servicing
to
the successor Master Servicer as necessary under MERS’ rules and regulations, or
(ii) the predecessor Master Servicer shall cooperate with the successor
Master
Servicer in causing MERS to execute and deliver an assignment of Mortgage
in
recordable form to transfer the Mortgage from MERS to the Trustee and to
execute
and deliver such other notices, documents and other instruments as may
be
necessary or desirable to effect a transfer of such Mortgage Loan or servicing
of such Mortgage Loan on the MERS® System to the successor Master Servicer. The
predecessor Master Servicer shall file or cause to be filed any such assignment
in the appropriate recording office. The predecessor Master Servicer shall
bear
any and all fees of MERS, costs of preparing any assignments of Mortgage,
and
fees and costs of filing any assignments of Mortgage that may be required
under
this Section 7.02. The successor Master Servicer shall cause such
assignment to be delivered to the Trustee promptly upon receipt of the
original
with evidence of recording thereon or a copy certified by the public recording
office in which such assignment was recorded.
Any
successor, including the Trustee, to the Master Servicer shall maintain
in force
during its term as master servicer hereunder policies and fidelity bonds
to the
same extent as the Master Servicer is so required pursuant to
Section 3.18.
Section
7.03 Notification
to Certificateholders.
(a) Upon
any
such termination or appointment of a successor to the Master Servicer,
the
Trustee shall give prompt notice thereof to Certificateholders, the Swap
Provider and to the Rating Agencies.
(b) Within
60
days after the occurrence of any Event of Default, the Trustee shall transmit
by
mail to the Swap Provider and to all Holders of Certificates notice of
each such
Event of Default hereunder known to the Trustee, unless such Event of Default
shall have been cured or waived.
Section
7.04 Waiver
of
Events of Default.
The
Holders representing at least 51% of the Voting Rights of Certificates
affected
by a default or Event of Default hereunder, may waive such default or Event
of
Default (other than an Event of Default set forth in Section 7.01(vi));
provided,
however,
that
(a) a default or Event of Default under clause (i) of Section 7.01 may be
waived only by all of the Holders of Certificates affected by such default
or
Event of Default and (b) no waiver pursuant to this Section 7.04 shall
affect the Holders of Certificates in the manner set forth in the second
paragraph of Section 11.01 or materially adversely affect any
non-consenting Certificateholder. Upon any such waiver of a default or
Event of
Default by the Holders representing the requisite percentage of Voting
Rights of
Certificates affected by such default or Event of Default, such default
or Event
of Default shall cease to exist and shall be deemed to have been remedied
for
every purpose hereunder. No such waiver shall extend to any subsequent
or other
default or Event of Default or impair any right consequent thereon except
to the
extent expressly so waived. The Master Servicer shall give notice of any
such
waiver to the Rating Agencies.
Section
7.05 List
of
Certificateholders.
Upon
written request of three or more Certificateholders of record, for purposes
of
communicating with other Certificateholders with respect to their rights
under
this Agreement, the Securities Administrator will afford such Certificateholders
access during business hours to the most recent list of Certificateholders
held
by the Securities Administrator.
ARTICLE
VIII
CONCERNING
THE TRUSTEE AND SECURITIES ADMINISTRATOR
Section
8.01 Duties
of
Trustee and the Securities Administrator.
The
Trustee, prior to the occurrence of an Event of Default and after the curing
or
waiver of all Events of Default which may have occurred, and the Securities
Administrator each undertake to perform such duties and only such duties
as are
specifically set forth in this Agreement as duties of the Trustee and the
Securities Administrator, respectively. If an Event of Default occurs,
is
continuing and has not been waived, the Trustee shall exercise such of
the
rights and powers vested in it by this Agreement, and use the same degree
of
care and skill in their exercise as a prudent man would exercise or use
under
the circumstances in the conduct of his own affairs. Any permissive right
of the
Trustee enumerated in this Agreement shall not be construed as a
duty.
The
Trustee and the Securities Administrator, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or other
instruments furnished to the Trustee and the Securities Administrator which
are
specifically required to be furnished pursuant to any provision of this
Agreement to the Trustee and the Securities Administrator, respectively,
shall
examine them in accordance with the requirements of this Agreement. If
any such
instrument is found not to conform to the requirements of this Agreement
in a
material manner, the Trustee or the Securities Administrator, as applicable,
shall take such action as it deems appropriate to have the instrument corrected,
and if the instrument is not corrected to the Trustee’s or the Securities
Administrator’s, as applicable, satisfaction, the Trustee or the Securities
Administrator, as applicable, will provide notice thereof to the
Certificateholders. Notwithstanding the foregoing, neither the Trustee
nor the
Securities Administrator shall be responsible for the accuracy or content
of any
resolution, certificate, statement, opinion, report, document, order or
other
instrument furnished by the Master Servicer hereunder or any Opinion of
Counsel
required hereunder.
The
Securities Administrator shall prepare and file or cause to be filed on
behalf
of the Trust Fund any tax return that is required with respect to any Trust
REMIC pursuant to applicable federal, state or local tax laws.
The
Securities Administrator covenants and agrees that it shall perform its
obligations hereunder in a manner so as to maintain the status of any Trust
REMIC under the REMIC Provisions and to prevent the imposition of any federal,
state or local income, prohibited transaction, contribution or other tax
on any
of any Trust REMIC to the extent that maintaining such status and avoiding
such
taxes are within the control of the Securities Administrator and are reasonably
within the scope of its duties under this Agreement.
No
provision of this Agreement shall be construed to relieve the Trustee or
the
Securities Administrator from liability for its own negligent action, its
own
negligent failure to act or its own willful misconduct; provided, however,
that:
(i) The
duties and obligations of the Trustee prior to the occurrence of an Event
of
Default, and after the curing or waiver of all such Events of Default which
may
have occurred and of the Securities Administrator, at all times, shall
be
determined solely by the express provisions of this Agreement. Neither
the
Trustee nor the Securities Administrator shall be liable except for the
performance of such duties and obligations as are specifically set forth
in this
Agreement, no implied covenants or obligations shall be read into this
Agreement
against the Trustee or the Securities Administrator and, in the absence
of bad
faith on the part of the Trustee or the Securities Administrator, respectively,
the Trustee or the Securities Administrator may conclusively rely, as to
the
truth of the statements and the correctness of the opinions expressed therein,
upon any certificates or opinions furnished to the Trustee or the Securities
Administrator and conforming to the requirements of this Agreement;
(ii) Neither
the Trustee nor the Securities Administrator shall be liable for an error
of
judgment made in good faith by a Responsible Officer or Responsible Officers
of
the Trustee or of the Securities Administrator, as applicable, unless it
shall
be proved that the Trustee or Securities Administrator, respectively, was
negligent in ascertaining the pertinent facts; and
(iii) Neither
the Trustee nor the Securities Administrator shall be liable with respect
to any
action taken, suffered or omitted to be taken by it in good faith in accordance
with the direction of the Holders of Certificates entitled to at least
25% of
the Voting Rights relating to the time, method and place of conducting
any
proceeding for any remedy available to the Trustee or the Securities
Administrator, respectively, or exercising any trust or power conferred
upon the
Trustee or the Securities Administrator, respectively, under this
Agreement.
Section
8.02 Certain
Matters Affecting the Trustee and the Securities Administrator.
Except
as
otherwise provided in Section 8.01:
(a) The
Trustee and the Securities Administrator may conclusively rely upon and
shall be
fully protected in acting or refraining from acting in reliance upon any
resolution, Officers’ Certificate, certificate of auditors or any other
certificate, statement, instrument, opinion, report, notice, request, consent,
order, appraisal, bond or other paper or document reasonably believed by
it to
be genuine and to have been signed or presented by the proper party or
parties;
(b) The
Trustee and the Securities Administrator may consult with counsel and any
written advice or Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken or suffered or omitted by
it
hereunder in good faith and in accordance therewith;
(c) Neither
the Trustee nor the Securities Administrator shall be under any obligation
to
exercise any of the trusts or powers vested in it by this Agreement, other
than
its obligation to give notice pursuant to this Agreement, or to institute,
conduct or defend any litigation hereunder or in relation hereto at the
request,
order or direction of any of the Certificateholders, pursuant to the provisions
of this Agreement, unless such Certificateholders shall have offered to
the
Trustee or Securities Administrator security or indemnity satisfactory
to it
against the costs, expenses and liabilities which may be incurred therein
or
thereby; nothing contained herein shall, however, relieve the Trustee of
the
obligation, upon the occurrence of an Event of Default of which a Responsible
Officer of the Trustee’s corporate trust department has actual knowledge (which
has not been waived or cured), to exercise such of the rights and powers
vested
in it by this Agreement, and to use the same degree of care and skill in
their
exercise as a prudent man would exercise or use under the circumstances
in the
conduct of his own affairs;
(d) Neither
the Trustee nor the Securities Administrator shall be liable for any action
taken, suffered or omitted by it in good faith and believed by it to be
authorized or within the discretion or rights or powers conferred upon
it by
this Agreement;
(e) Neither
the Trustee prior to the occurrence of an Event of Default hereunder and
after
the curing or waiver of all Events of Default which may have occurred,
nor the
Securities Administrator, at any time, shall be bound to make any investigation
into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, consent, order, approval,
bond or
other paper or document, unless requested in writing to do so by the Holders
of
Certificates entitled to at least 25% of the Voting Rights; provided, however,
that if the payment within a reasonable time to the Trustee or Securities
Administrator, as applicable, of the costs, expenses or liabilities likely
to be
incurred by it in the making of such investigation is, in the opinion of
the
Trustee or Securities Administrator, as applicable, reasonably assured
to the
Trustee or the Securities Administrator, as applicable, by the security
afforded
to it by the terms of this Agreement reasonable expense of every such
examination shall be paid by the Certificateholders requesting the
investigation;
(f) The
Trustee and the Securities Administrator may execute any of the trusts
or powers
hereunder or perform any duties hereunder either directly or by or through
agents, nominees, custodians or attorneys appointed with due care, and
shall not
be responsible for any willful misconduct or negligence on the part of
any
agent, attorney, custodian or nominee so appointed;
(g) Neither
the Trustee nor the Securities Administrator shall be required to give
any bond
or surety with respect to the execution of the trust created hereby or
the
powers granted hereunder; and
(h) Whenever
in the administration of the provisions of this Agreement the Trustee and
the
Securities Administrator shall deem it necessary or desirable that a matter
be
proved or established prior to taking or suffering any action to be taken
hereunder, such matter (unless other evidence in respect thereof be herein
specifically prescribed) may, in the absence of gross negligence or bad
faith on
the part of the Trustee or the Securities Administrator, as applicable,
be
deemed to be conclusively proved and established by an Officer’s Certificate
signed and delivered to the Trustee or Securities Administrator, as applicable,
and such certificate, in the absence of gross negligence or bad faith on
the
part of the Trustee or Securities Administrator, as applicable, shall be
full
warrant to the Trustee or Securities Administrator, as applicable, for
any
action taken, suffered or omitted by it under the provisions of this Agreement
upon the faith thereof.
Neither
the Trustee nor the Securities Administrator shall have any obligation
to invest
and reinvest any cash held. The Trustee and the Securities Administrator
shall
have no liability in respect of losses incurred as a result of the liquidation
of any investment incurred as a result of the liquidation of any investment
prior to its stated maturity.
Any
permissive right of the Trustee of the Securities Administrator enumerated
hereunder shall not be construed as a duty.
Section
8.03 Trustee
and Securities Administrator Not Liable for Certificates or Mortgage
Loans.
The
recitals contained herein and in the Certificates (other than the signature
of
the Securities Administrator, the authentication of the Securities Administrator
on the Certificates, the acknowledgments of the Securities Administrator
contained in Article II) shall be taken as the statements of the Depositor
and
neither the Trustee nor the Securities Administrator assumes any responsibility
for their correctness. Neither the Trustee nor the Securities Administrator
makes any representations or warranties as to the validity or sufficiency
of
this Agreement or of the Certificates (other than the signature and
authentication of the Securities Administrator on the Certificates) or
of any
Mortgage Loan or related document, or of MERS or the MERS® System. Neither the
Trustee nor the Securities Administrator shall be accountable for the use
or
application by the Depositor of any of the Certificates or of the proceeds
of
such Certificates, or for the use or application of any funds paid to the
Depositor or the Master Servicer in respect of the Mortgage Loans or deposited
in or withdrawn from the Custodial Account by the Master Servicer.
Section
8.04 Trustee
and Securities Administrator May Own Certificates.
Each
of
the Trustee and the Securities Administrator in its individual or any other
capacity (other than as Trustee hereunder) may become the owner or pledgee
of
Certificates with the same rights it would have if it were not Trustee
or the
Securities Administrator, as applicable, and may otherwise deal with the
parties
hereto.
Section
8.05 Trustee’s
and Securities Administrator’s Fees.
Each
of
the Trustee and Securities Administrator shall be compensated by the Master
Servicer. Such compensation (which shall not be limited by any provision
of law
in regard to the compensation of a trustee of an express trust) shall be
paid to
each of the Trustee and the Securities Administrator for all services rendered
by it in the execution of the trusts hereby created and in the exercise
and
performance of any of the powers and duties hereunder or of the Trustee
and the
Securities Administrator. Except as otherwise provided in this Agreement,
the
Trustee and the Securities Administrator and any director, officer, employee
or
agent of the Trustee and the Securities Administrator, as applicable, shall
be
indemnified and held harmless by the Trust Fund against any claim, loss,
liability, fee or expense incurred in connection with any Event of Default,
any
breach of this Agreement or any claim or legal action (including any pending
or
threatened claim or legal action) relating to its acceptance or administration
of the trusts hereunder or the Trustee’s performance and the Securities
Administrator’s performance, as applicable, under the Certificates, other than
any claim, loss, liability or expense (i) sustained in connection with
this
Agreement related to the willful misfeasance, bad faith or negligence of
the
Trustee or the Securities Administrator, as applicable, in the performance
of
its duties hereunder or (ii) incurred in connection with a breach constituting
willful misfeasance, bad faith or negligence of the Trustee in the performance
of its duties hereunder or by reason of reckless disregard of its obligations
and duties hereunder.
The
Master Servicer shall indemnify the Depositor, the Trustee and the Securities
Administrator and any director, officer, employee or agent of the Depositor,
the
Trustee or the Securities Administrator against any such claim or legal
action
(including any pending or threatened claim or legal action), loss, liability,
fee or expense that may be sustained in connection with this Agreement
related
to the willful misfeasance, bad faith, or negligence in the performance
of the
Master Servicer’s duties hereunder.
The
provisions of this Section 8.05 shall survive the resignation or removal of
the Trustee or the Securities Administrator or the termination of this
Agreement.
Section
8.06 Eligibility
Requirements for Trustee and the Securities Administrator.
The
Trustee and the Securities Administrator hereunder shall at all times be
a
corporation or a national banking association organized and doing business
under
the laws of any state or the United States of America or the District of
Columbia, authorized under such laws to exercise corporate trust powers,
having
a combined capital and surplus of at least $50,000,000 and subject to
supervision or examination by federal or state authority. In addition,
the
Trustee and the Securities Administrator shall at all times be acceptable
to the
Rating Agency rating the Certificates. If such corporation publishes reports
of
condition at least annually, pursuant to law or to the requirements of
the
aforesaid supervising or examining authority, then for the purposes of
this
Section the combined capital and surplus of such corporation shall be deemed
to
be its combined capital and surplus as set forth in its most recent report
of
condition so published. In case at any time the Trustee or the Securities
Administrator shall cease to be eligible in accordance with the provisions
of
this Section, the Trustee or the Securities Administrator, as applicable,
shall
resign immediately in the manner and with the effect specified in
Section 8.07. The corporation or national banking association serving as
Trustee or Securities Administrator may have normal banking and trust
relationships with the Sponsor and their affiliates or the Master Servicer
and
its affiliates.
Section
8.07 Resignation
and Removal of the Trustee and the Securities Administrator.
The
Trustee and the Securities Administrator may at any time resign and be
discharged from the trusts hereby created by giving written notice thereof
to
the Master Servicer; with a copy to the Rating Agencies and the Swap Provider;
provided,
that
such resignation shall not be effective until a successor trustee is appointed
and accepts appointment in accordance with the following provisions;
provided,
however,
that
the resigning Trustee or Securities Administrator, as applicable, shall
not
resign and be discharged from the trusts hereby created until such time
as the
Rating Agency rating the Certificates approves the successor trustee or
successor securities administrator. Any resignation or removal of the Securities
Administrator shall result in the automatic removal of the Master Servicer
to
the extent that Xxxxx Fargo Bank, N.A. is both the Securities Administrator
and
the Master Servicer. Upon receiving such notice of resignation of the Trustee,
the Master Servicer shall promptly appoint a successor trustee who meets
the
eligibility requirements of Section 8.06 by written instrument, in
triplicate, one copy of which instrument shall be delivered to the resigning
Trustee, and to the successor trustee. Upon receiving notice of the resignation
of the Securities Administrator, the Trustee shall promptly appoint a successor
securities administrator who meets the eligibility requirements of
Section 8.06 by written instrument, in triplicate, copies of which
instrument shall be delivered to the resigning securities administrator
and the
successor securities administrator. If no successor trustee or successor
securities administrator shall have been so appointed and have accepted
appointment within 30 days after the giving of such notice of resignation,
the
resigning Trustee or resigning Securities Administrator, as applicable
may
petition any court of competent jurisdiction for the appointment of a successor
trustee or successor securities administrator, as applicable.
If
at any
time the Trustee or the Securities Administrator shall cease to be eligible
in
accordance with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Master Servicer, or if at any time
the
Trustee or the Securities Administrator shall become incapable of acting,
or
shall be adjudged bankrupt or insolvent, or a receiver of the Trustee or
Securities Administrator, as applicable, or of its property shall be appointed,
or any public officer shall take charge or control of the Trustee or Securities
Administrator, as applicable, or of its property or affairs for the purpose
of
rehabilitation, conservation or liquidation, the Master Servicer may remove
the
Trustee, or the Trustee shall remove the Securities Administrator, as
applicable, and appoint a successor trustee or successor securities
administrator, as applicable, who meets the eligibility requirements of
Section 8.06 by written instrument, in triplicate, which instrument shall
be delivered to the Trustee or Securities Administrator, as applicable,
so
removed and to the successor trustee or successor securities administrator,
as
applicable.
The
Holders of Certificates entitled to at least 51% of the Voting Rights may
at any
time remove the Trustee or Securities Administrator and appoint a successor
trustee or successor securities administrator by written instrument or
instruments, in triplicate, signed by such Holders or their attorneys-in-fact
duly authorized, one complete set of which instruments shall be delivered
to the
Master Servicer (if the Trustee is removed), the Securities Administrator
(if
the Trustee is removed), and the Trustee (if the Securities Administrator
is
removed), one complete set to the Trustee or Securities Administrator so
removed
and one complete set to the successor so appointed. A copy of such instrument
shall be delivered to the Certificateholders and the Depositor by the Master
Servicer (if the Trustee is removed) and by the Trustee (if the Securities
Administrator is removed).
Any
resignation or removal of the Trustee or Securities Administrator and
appointment of a successor trustee or successor securities administrator
pursuant to any of the provisions of this Section shall not become effective
until acceptance of appointment by the successor trustee or successor securities
administrator as provided in Section 8.08.
Section
8.08 Successor
Trustee and Successor Securities Administrator.
Any
successor trustee or successor securities administrator appointed as provided
in
Section 8.07 shall execute, acknowledge and deliver to the Master Servicer
and to its predecessor trustee or predecessor securities administrator
an
instrument accepting such appointment hereunder, and thereupon the resignation
or removal of the predecessor trustee or predecessor securities administrator
shall become effective and such successor trustee or successor securities
administrator, without any further act, deed or conveyance, shall become
fully
vested with all the rights, powers, duties and obligations of its predecessor
hereunder, with the like effect as if originally named as trustee herein.
The
predecessor trustee or predecessor securities administrator shall after
payment
of its outstanding fees and expenses, promptly deliver to the successor
trustee
or successor securities administrator all assets and records of the Trust
Fund
held by it hereunder, and the Master Servicer and the predecessor trustee
or
predecessor securities administrator shall execute and deliver all such
instruments and do such other things as may reasonably be required for
more
fully and certainly vesting and confirming in the successor trustee or
successor
securities administrator all such rights, powers, duties and
obligations.
No
successor trustee or successor securities administrator shall accept appointment
as provided in this Section unless at the time of such acceptance such
successor trustee or successor securities administrator shall be eligible
under
the provisions of Section 8.06.
Upon
acceptance of appointment by a successor trustee or successor securities
administrator as provided in this Section, the Master Servicer (in the
case of a
successor trustee) and the Trustee (in the case of a successor securities
administrator) shall mail notice of the succession of such trustee or securities
administrator hereunder to all Holders of Certificates at their addresses
as
shown in the Certificate Register. If the Master Servicer (in the case
of a
successor trustee) and the Trustee (in the case of a successor securities
administrator) fails to mail such notice within ten days after acceptance
of
appointment by the successor trustee successor securities administrator,
the
successor trustee successor securities administrator shall cause such notice
to
be mailed at the expense of the Master Servicer or Trustee, as the case
may
be.
Section
8.09 Merger
or
Consolidation of Trustee or Securities Administrator.
Any
state
bank or trust company or corporation or national banking association into
which
the Trustee or Securities Administrator may be merged or converted or with
which
it may be consolidated or any state bank or trust company or national banking
association resulting from any merger, conversion or consolidation to which
the
Trustee or Securities Administrator shall be a party, or any state bank
or trust
company or corporation or national banking association succeeding to all
or
substantially all of the corporate trust business of the Trustee or Securities
Administrator, shall be the successor of the Trustee or Securities Administrator
hereunder, provided such state bank or trust company or corporation or
national
banking association shall be eligible under the provisions of Section 8.06
without the execution or filing of any paper or any further act on the
part of
any of the parties hereto, anything herein to the contrary
notwithstanding.
Section
8.10 Appointment
of Co-Trustee or Separate Trustee.
Notwithstanding
any other provisions hereof, at any time, for the purpose of meeting any
legal
requirements of any jurisdiction in which any part of the Trust Fund or
property
securing the same may at the time be located, the Master Servicer and the
Trustee acting jointly shall have the power and shall execute and deliver
all
instruments to appoint one or more Persons approved by the Trustee to act
as
co-trustee or co-trustees, jointly with the Trustee, or separate trustee
or
separate trustees, of all or any part of the Trust Fund, and to vest in
such
Person or Persons, in such capacity, such title to the Trust Fund, or any
part
thereof, and, subject to the other provisions of this Section 8.10, such
powers, duties, obligations, rights and trusts as the Master Servicer and
the
Trustee may consider necessary or desirable. If the Master Servicer shall
not
have joined in such appointment within 15 days after the receipt by it
of a
request so to do, or in case an Event of Default shall have occurred and
be
continuing, the Trustee alone shall have the power to make such appointment
without the Master Servicer. No co-trustee or separate trustee hereunder
shall
be required to meet the terms of eligibility as a successor trustee under
Section 8.06 hereunder and no notice to Holders of Certificates of the
appointment of co-trustee(s) or separate trustee(s) shall be required under
Section 8.08 hereof.
In
the
case of any appointment of a co-trustee or separate trustee pursuant to
this
Section 8.10, all rights, powers, duties and obligations conferred or
imposed upon the Trustee and required to be conferred or such co-trustee
shall
be conferred or imposed upon and exercised or performed by the Trustee
and such
separate trustee or co-trustee jointly, except to the extent that under
any law
of any jurisdiction in which any particular act or acts are to be performed
(whether as Trustee hereunder or as successor to the Master Servicer hereunder),
the Trustee shall be incompetent or unqualified to perform such act or
acts, in
which event such rights, powers, duties and obligations (including the
holding
of title to the Trust Fund or any portion thereof in any such jurisdiction)
shall be exercised and performed by such separate trustee or co-trustee
at the
direction of the Trustee.
Any
notice, request or other writing given to the Trustee shall be deemed to
have
been given to each of the then separate trustees and co-trustees, as effectively
as if given to each of them. Every instrument appointing any separate trustee
or
co-trustee shall refer to this Agreement and the conditions of this Article
VIII. Each separate trustee and co-trustee, upon its acceptance of the
trusts
conferred, shall be vested with the estates or property specified in its
instrument of appointment, either jointly with the Trustee or separately,
as may
be provided therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating to the
conduct
of, affecting the liability of, or affording protection to, the Trustee.
Every
such instrument shall be filed with the Trustee.
Any
separate trustee or co-trustee may, at any time, constitute the Trustee,
its
agent or attorney-in-fact, with full power and authority, to the extent
not
prohibited by law, to do any lawful act under or in respect of this Agreement
on
its behalf and in its name. If any separate trustee or co-trustee shall
die,
become incapable of acting, resign or be removed, all of its estates,
properties, rights, remedies and trusts shall vest in and be exercised
by the
Trustee, to the extent permitted by law, without the appointment of a new
or
successor trustee.
ARTICLE
IX
TERMINATION
Section
9.01 Termination
Upon Repurchase or Liquidation of All Mortgage Loans or upon Purchase of
Certificates.
Subject
to Section 9.03, the respective obligations and responsibilities of the
Depositor, the Master Servicer, the Securities Administrator and the Trustee
created hereby (other than the obligations of the Master Servicer to the
Trustee
pursuant to Section 8.05 and of the Master Servicer to provide for and the
Securities Administrator to make payments to Certificateholders as hereafter
set
forth) shall terminate upon payment to the Certificateholders of all amounts
held by or on behalf of the Trustee and required to be paid to them hereunder
following the earlier to occur of (i) the repurchase by the Servicer, or
its
designee (or if the Servicer fails to exercise such option, the Master
Servicer)
of all Mortgage Loans and each REO Property in respect thereof remaining
in the
Trust Fund at a price equal to the sum of (a) 100% of the unpaid principal
balance of each Mortgage Loan (other than one as to which a REO Property
was
acquired) on the day of repurchase together with accrued interest on such
unpaid
principal balance at the Net Mortgage Rate to the first day of the month
in
which the proceeds of such repurchase are to be distributed, (b) the appraised
value of any REO Property (but not more than the unpaid principal balance
of the
related Mortgage Loan, together with accrued interest on that balance at
the Net
Mortgage Rate to the first day of the month such repurchase price is
distributed) less the good faith estimate of the Servicer or the Master
Servicer, as applicable, of liquidation expenses to be incurred in connection
with its disposal thereof, such appraisal to be conducted by an appraiser
mutually agreed upon by the Servicer or the Master Servicer, as applicable,
and
the Master Servicer on behalf of the Trustee at the expense of the terminating
party, and (c) any Swap Termination Payment payable to the Swap Provider
which
remains unpaid or which is due to the exercise of such optional termination;
and
(ii) the final payment or other liquidation (or any Advance with respect
thereto) of the last Mortgage Loan remaining in the Trust Fund (or the
disposition of all REO Property in respect thereof); provided,
however,
that in
no event shall the trust created hereby continue beyond the earlier of
(i) the
Distribution Date occurring in July 2036 and (ii) the expiration of 21
years
from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx,
the
late ambassador of the United States to the Court of St. Xxxxx, living
on the
date hereof, and provided further,
that
the purchase price set forth above shall be increased as is necessary,
as
determined by the Servicer or the Master Servicer, as applicable, to avoid
disqualification of any of any Trust REMIC as a REMIC. In the case of any
repurchase by the Servicer or the Master Servicer, as applicable, pursuant
to
clause (i), the Master Servicer shall exercise reasonable efforts to cooperate
fully with the Trustee in effecting such repurchase and the transfer of
the
Mortgage Loans and related Mortgage Files and related records to the Servicer
or
the Master Servicer, as applicable; provided, however, such option may
only be
exercised if (i) the purchase price is sufficient to pay all interest accrued
on, as well as amounts necessary to retire the principal balance of, each
class
of notes secured primarily by the Class C Certificates and the Class P
Certificates. In addition, any Swap Termination Payment payable to the
Swap
Provider then due but unpaid or which is the result of such termination
shall be
paid.
The
right
of the Servicer or its designee to repurchase all Mortgage Loans pursuant
to (i)
above shall be conditioned upon the Aggregate Stated Principal Balance
of such
Mortgage Loans at the time of any such repurchase aggregating an amount
equal to
or less than 10% of the Aggregate Stated Principal Balance of the Mortgage
Loans
at the Cut-off Date. If such right is exercised, the Servicer upon such
repurchase shall provide to the Trustee and Securities Administrator, notice
of
such exercise prior to the Determination Date in the month preceding the
month
of purchase.
The
right
of the Master Servicer, or its designee to repurchase all Mortgage Loans
pursuant to (i) in the second preceding paragraph shall be conditioned
upon the
Aggregate Stated Principal Balance of such Mortgage Loans at the time of
any
such repurchase aggregating an amount equal to or less than 5% of the Aggregate
Stated Principal Balance of the Mortgage Loans at the Cut-off Date. If
such
right is exercised, the Master Servicer, upon such repurchase shall provide
to
the Swap Provider, Trustee and Securities Administrator, notice of such
exercise
prior to the Determination Date in the month preceding the month of
purchase.
Written
notice of any termination, specifying the Distribution Date upon which
the
Certificateholders may surrender their Certificates to the Securities
Administrator for payment of the final distribution and cancellation, shall
be
given promptly by the Securities Administrator by letter to the
Certificateholders mailed (a) in the event such notice is given in connection
with the Servicer’s or the Master Servicer’s, as applicable, election to
repurchase, not earlier than the 15th day and not later than the 25th day
of the
month next preceding the month of such final distribution or (b) otherwise
during the month of such final distribution on or before the Determination
Date
in such month, in each case specifying (i) the Distribution Date upon which
final payment of the Certificates will be made upon presentation and surrender
of Certificates at the office of the Securities Administrator therein
designated, (ii) the amount of any such final payment and (iii) that the
Record
Date otherwise applicable to such Distribution Date is not applicable,
payments
being made only upon presentation and surrender of the Certificates at
the
office of the Securities Administrator therein specified. In the event
such
notice is given in connection with the Servicer or the Master Servicer,
as
applicable, or its designee’s election to repurchase, the Servicer or the Master
Servicer, as applicable, or its designee shall deliver to the Securities
Administrator for deposit in the Certificate Account on the Business Day
immediately preceding the Distribution Date specified in such notice an
amount
equal to the above-described repurchase price payable out of its own funds.
Upon
presentation and surrender of the Certificates by the Certificateholders,
the
Securities Administrator shall first pay any amounts owing to the Trustee,
Master Servicer, Custodian, Servicer, Swap Provider and Securities
Administrator, as applicable, under this Agreement, and second, distribute
to
the Certificateholders (i) the amount otherwise distributable on such
Distribution Date, if not in connection with the Servicer’s or the Master
Servicer’s, as applicable, election to repurchase, or (ii) if the Servicer or
the Master Servicer, as applicable, elected to so repurchase, an amount
determined as follows: with respect to each Regular Certificate, the outstanding
Certificate Principal Balance thereof, plus with respect to each Class
A2, Class
M or Class C Certificate, one month’s interest thereon at the applicable
Pass-Through Rate, plus any previously accrued but unpaid Accrued Certificate
Interest, plus with respect to each Class A Certificate and Class M Certificate,
any unpaid Allocated Realized Loss Amount; and with respect to each Class
R
Certificate, the Percentage Interest evidenced thereby multiplied by the
difference, if any, between the above described repurchase price and the
aggregate amount to be distributed to the Holders of the Regular Certificates,
subject to the priorities set forth in Section 4.01. Notwithstanding the
foregoing, by acceptance of the Class R Certificates, the Holders of such
Certificates agree, in connection with any termination hereunder, to assign
and
transfer any amounts received in respect of such termination to the Holders
of
the Class C Certificates and to pay any such amounts to the Holders of
the Class
C Certificates. Upon certification to the Custodian by a Servicing Officer,
following such final deposit, the Custodian shall promptly release the
Mortgage
Files as directed by the Servicer or the Master Servicer, as applicable,
for the
remaining Mortgage Loans, and the Trustee shall execute all assignments,
endorsements and other instruments required by the Servicer or the Master
Servicer, as applicable, as being necessary to effectuate such
transfer.
In
the
event that all of the Certificateholders shall not surrender their Certificates
for cancellation within six months after the time specified in the
above-mentioned notice, the Securities Administrator shall give a second
notice
to the remaining Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect thereto. If
within
six months after the second notice all of the Certificates shall not have
been
surrendered for cancellation, the Securities Administrator shall take reasonable
steps as directed by the Depositor in writing, or appoint an agent to take
reasonable steps, to contact the remaining Certificateholders concerning
surrender of their Certificates, and the cost thereof shall be paid out
of the
funds and other assets which remain subject hereto. If within nine months
after
the second notice all the Certificates shall not have been surrendered
for
cancellation, the Class R Certificateholders shall be entitled to all unclaimed
funds and other assets which remain subject hereto.
Section
9.02 Termination
of REMIC 2, and REMIC 3.
REMIC
2
and REMIC 3 shall be terminated on the earlier of the Final Distribution
Date
and the date on which it is deemed to receive the last deemed distributions
on
the REMIC 1 Regular Interests and the last distribution due on the Regular
Certificates and the Class R Certificates (in respect of the Class R-2
and Class
R-3) is made.
Section
9.03 Additional
Termination Requirements.
(a) In
the
event the Servicer or the Master Servicer, as applicable, repurchases the
Mortgage Loans as provided in Section 9.01, the Trust Fund shall be
terminated in accordance with the following additional requirements, unless
the
Servicer or the Master Servicer, as applicable, at its own expense, obtains
for
the Trustee and the Securities Administrator an Opinion of Counsel to the
effect
that the failure of the Trust Fund to comply with the requirements of this
Section 9.03 will not (i) result in the imposition on the Trust of taxes on
“prohibited transactions,” as described in Section 860F of the Code, or
(ii) cause either any Trust REMIC to fail to qualify as a REMIC at any
time that
any Certificate is outstanding:
(i) The
Securities Administrator shall establish a 90-day liquidation period for
each
Trust REMIC, as the case may be, and specify the first day of such period
in a
statement attached to the Trust Fund’s final Tax Return pursuant to Treasury
regulations Section 1.860F-1. The Securities Administrator also shall
satisfy all of the requirements of a qualified liquidation for each Trust
REMIC,
as the case may be, under Section 860F of the Code and regulations
thereunder; and
(ii) The
Servicer shall notify the Trustee and the Securities Administrator at the
commencement of such 90-day liquidation period and, at or prior to the
time of
making of the final payment on the Certificates, the Trustee shall sell
or
otherwise dispose of all of the remaining assets of the Trust Fund in accordance
with the terms hereof.
(b) Each
Holder of a Certificate and the Trustee hereby irrevocably approves and
appoints
the Securities Administrator as its attorney-in-fact to adopt a plan of
complete
liquidation for each Trust REMIC at the expense of the Trust Fund in accordance
with the terms and conditions of this Agreement.
ARTICLE
X
REMIC
PROVISIONS
Section
10.01 REMIC
Administration.
(a) The
Securities Administrator shall make an election to treat the Trust Fund
as three
REMICs under the Code and, if necessary, under applicable state law. Each
such
election will be made on Form 1066 or other appropriate federal tax or
information return (including Form 8811) or any appropriate state return
for the
taxable year ending on the last day of the calendar year in which the
Certificates are issued. For the purposes of the REMIC elections in respect
of
the Trust Fund, (i) the REMIC 1 Regular Interests will represent the “regular
interests” in REMIC 1, the Class R-1 Interest will constitute the sole class of
“residual interests” in REMIC 1, (ii) the REMIC 2 Regular Interests will
represent the “regular interests” in REMIC 2, the Class R-2 Interest will
constitute the sole class of “residual interests” in REMIC 2 and (iii) the Class
A and Class M Certificates (exclusive of any right to receive payments
in
respect of the Basis Risk Shortfall Carry-Forward Amounts and the obligation
to
pay any Class IO Distribution Amount), the Class IO Interest, the Class
C
Certificates and the Class P Certificates shall be designated as the “regular
interests” in REMIC 3 and the Class R-3 Interest will constitute the sole class
of “residual interests” in REMIC 3. The Securities Administrator and the Trustee
shall not permit the creation of any “interests” (within the meaning of
Section 860G of the Code) in any REMIC created hereunder other than the
REMIC 1 Regular Interests, the REMIC 2 Regular Interests, the REMIC 3 Regular
Interests the ownership of which is represented by the Class A and Class
M
Certificates, the Class IO Interest, the Class C Certificates, the Class
P
Certificates, the Class R-1 Interest, the Class R-2 Interest and the Class
R-3
Interest. The Securities Administrator will apply for an Employee Identification
Number from the IRS via form SS-4 or any other acceptable method for each
Trust
REMIC.
(b) The
Closing Date is hereby designated as the “startup day” of the Trust Fund within
the meaning of Section 860G(a)(9) of the Code.
(c) The
Securities Administrator shall pay out of its own funds, without any right
of
reimbursement, any and all expenses relating to any tax audit of the REMICs
(including, but not limited to, any professional fees or any administrative
or
judicial proceedings with respect to the REMICs that involve the Internal
Revenue Service or state tax authorities), other than the expense of obtaining
any tax-related Opinion of Counsel except as specified herein. The Securities
Administrator, as agent for the REMICs’ tax matters person, shall (i) act on
behalf of the REMICs in relation to any tax matter or controversy involving
the
Trust Fund and (ii) represent the Trust Fund in any administrative or judicial
proceeding relating to an examination or audit by any governmental taxing
authority with respect thereto. By their acceptance thereof, the Holder
of the
largest Percentage Interest of the Class R Certificates hereby agrees to
irrevocably appoint the Securities Administrator or an Affiliate as its
agent to
perform all of the duties of the tax matters person for the REMICs.
(d) The
Securities Administrator shall prepare and file or cause to be filed, and
the
Trustee shall sign, all of the Tax Returns (including Form 8811, which
must be
filed within 30 days of the Closing Date) in respect of the REMICs created
hereunder. The expenses of preparing and filing such returns shall be borne
by
the Securities Administrator without any right of reimbursement therefor.
The
Master Servicer shall provide on a timely basis to the Securities Administrator
or its designee such information with respect to the assets of the REMICs
as is
in its possession and reasonably required by the Securities Administrator
to
enable it to perform its obligations under this Article X.
(e) The
Securities Administrator shall perform on behalf of the REMICs and the
Supplemental Interest Trust all reporting and other tax compliance duties
that
are the responsibility of the REMICs and the Supplemental Interest Trust
under
the Code, the REMIC Provisions or other compliance guidance issued by the
Internal Revenue Service or any state or local taxing authority. Among
its other
duties, as required by the Code, the REMIC Provisions or other such compliance
guidance, the Securities Administrator shall provide (i) to any Transferor
of a
Class R Certificate such information as is necessary for the application
of any
tax relating to the transfer of a Class R Certificate to any Person who
is not a
Permitted Transferee, (ii) to the Certificateholders such information or
reports
as are required by the Code or the REMIC Provisions including reports relating
to interest, original issue discount and market discount or premium (using
the
Prepayment Assumption as required) and (iii) to the Internal Revenue Service
the
name, title, address and telephone number of the person who will serve
as the
representative of the REMICs. The Master Servicer shall provide on a timely
basis to the Securities Administrator such information with respect to
the
assets of the REMICs, including, without limitation, the Mortgage Loans,
as is
in its possession and reasonably required by the Securities Administrator
to
enable it to perform its obligations under this subsection. In addition,
the
Depositor shall provide or cause to be provided to the Securities Administrator,
within ten (10) days after the Closing Date, all information or data that
the
Securities Administrator reasonably determines to be relevant for tax purposes
as to the valuations and issue prices of the Certificates, including, without
limitation, the price, yield, prepayment assumption and projected cash
flow of
the Certificates.
(f) The
Securities Administrator shall take such action and shall cause the REMICs
created hereunder to take such action as shall be necessary to create or
maintain the status thereof as REMICs under the REMIC Provisions (and the
Master
Servicer shall assist it, to the extent reasonably requested by it). The
Securities Administrator shall not take any action, cause the Trust Fund
to take
any action or fail to take (or fail to cause to be taken) any action that,
under
the REMIC Provisions, if taken or not taken, as the case may be, could
(i)
endanger the status of any Trust REMIC as REMICs or (ii) result in the
imposition of a tax upon the REMICs (including but not limited to the tax
on
prohibited transactions as defined in Section 860F(a)(2) of the Code and
the tax on contributions to a REMIC set forth in Section 860G(d) of the
Code) (either such event, an “Adverse REMIC Event”) unless the Securities
Administrator has received an Opinion of Counsel, addressed to the Securities
Administrator (at the expense of the party seeking to take such action
but in no
event at the expense of the Securities Administrator) to the effect that
the
contemplated action will not, with respect to the REMICs created hereunder,
endanger such status or result in the imposition of such a tax, nor shall
the
Master Servicer take or fail to take any action (whether or not authorized
hereunder) as to which the Securities Administrator has advised it in writing
that each has received an Opinion of Counsel to the effect that an Adverse
REMIC
Event could occur with respect to such action. In addition, prior to taking
any
action with respect to the REMICs or the assets of the REMICs, or causing
the
REMICs to take any action, which is not contemplated under the terms of
this
Agreement, the Master Servicer will consult with the Securities Administrator
or
its designee, in writing, with respect to whether such action could cause
an
Adverse REMIC Event to occur with respect to the Trust Fund, and the Master
Servicer shall not take any such action or cause the Trust Fund to take
any such
action as to which the Securities Administrator has advised it in writing
that
an Adverse REMIC Event could occur. The Securities Administrator may consult
with counsel to make such written advice, and the cost of same shall be
borne by
the party seeking to take the action not permitted by this Agreement, but
in no
event shall such cost be an expense of the Securities Administrator. At
all
times as may be required by the Code, the Securities Administrator will
ensure
that substantially all of the assets of the REMICs created hereunder will
consist of “qualified mortgages” as defined in Section 860G(a)(3) of the
Code and “permitted investments” as defined in Section 860G(a)(5) of the
Code.
(g) In
the
event that any tax is imposed on “prohibited transactions” of the REMICs created
hereunder as defined in Section 860F(a)(2) of the Code, on the “net income
from foreclosure property” of the REMICs as defined in Section 860G(c) of
the Code, on any contributions to the REMICs after the Startup Day therefor
pursuant to Section 860G(d) of the Code, or any other tax is imposed by the
Code or any applicable provisions of state or local tax laws, such tax
shall be
charged (i) to the Securities Administrator pursuant to Section 10.03
hereof, if such tax arises out of or results from a breach by the Securities
Administrator of any of its obligations under this Article X, (ii) to the
Master
Servicer pursuant to Section 10.03 hereof, if such tax arises out of or
results from a breach by the Master Servicer of any of its obligations
under
Article III or this Article X, or otherwise, (iii) to the Master Servicer
as
provided in Section 3.05, if applicable, (iv) to the Class R
Certificateholder to the extent of any funds distributed to such
Certificateholder, (v) otherwise against amounts on deposit in the Certificate
Account and shall be paid by withdrawal therefrom to the extent not required
to
be paid by the Master Servicer, the Securities Administrator or the Class
R
Certificateholder pursuant to another provision of this Agreement.
(h) On
or
before April 15 of each calendar year, commencing April 15, 2006, the Securities
Administrator shall deliver to the Master Servicer and the Rating Agency
a
Certificate from a Responsible Officer of the Securities Administrator
stating
the Securities Administrator’s compliance with its obligations under this
Article X.
(i) The
Securities Administrator shall, for federal income tax purposes, maintain
books
and records with respect to the REMICs on a calendar year and on an accrual
basis.
(j) Following
the Startup Day, the Securities Administrator shall not accept any contributions
of assets to the REMICs other than in connection with any Qualified Substitute
Mortgage Loan delivered in accordance with Section 2.04 unless it shall
have received an Opinion of Counsel to the effect that the inclusion of
such
assets in the REMICs will not cause any Trust REMIC to fail to qualify
as REMICs
at any time that any Certificates are outstanding or subject any Trust
REMIC to
any tax under the REMIC Provisions or other applicable provisions of federal,
state and local law or ordinances.
(k) Neither
the Securities Administrator nor the Master Servicer shall enter into any
arrangement by which the REMICs will receive a fee or other compensation
for
services nor permit the REMICs to receive any income from assets other
than
“qualified mortgages” as defined in Section 860G(a)(3) of the Code or
“permitted investments” as defined in Section 860G(a)(5) of the
Code.
(l) The
Securities Administrator shall treat the rights of the Certificateholders
(other
than the Class P Certificateholders and Residual Certificateholders) to
receive
payments from the Basis Risk Shortfall Reserve Fund as a notional principal
contract between the Holders of the Class C Certificates, as owner of the
Basis
Risk Shortfall Reserve Fund and the Holders of the Class A Certificates
and
Class M Certificates). For federal tax return and information reporting,
the
right of the Holders of the Class A and Class M Certificates to receive
payments
from the Basis Risk Shortfall Reserve Fund in respect of any Basis Risk
Carry-Forward Amount may be obtained from the Securities Administrator
upon
request.
Section
10.02 Prohibited
Transactions and Activities.
None
of
the Depositor, the Master Servicer, the Securities Administrator or the
Trustee
shall sell, dispose of or substitute for any of the Mortgage Loans (except
in
connection with (i) the foreclosure of a Mortgage Loan, including but not
limited to, the acquisition or sale of a Mortgaged Property acquired by
deed in
lieu of foreclosure, (ii) the bankruptcy of the Trust Fund, (iii) the
termination of any Trust REMIC pursuant to Article IX of this Agreement,
(iv) a
substitution pursuant to Article II of this Agreement or (v) a purchase
of
Mortgage Loans pursuant to Article II or III of this Agreement), nor acquire
any
assets for the Trust Fund (other than REO Property acquired in respect
of a
defaulted Mortgage Loan), nor sell or dispose of any investments in the
Custodial Account or the Certificate Account for gain, nor accept any
contributions to the REMICs after the Closing Date (other than a Qualified
Substitute Mortgage Loan delivered in accordance with Section 2.04), unless
each such party has received an Opinion of Counsel, addressed to the Trustee
and
Securities Administrator (at the expense of the party seeking to cause
such
sale, disposition, substitution, acquisition or contribution but in no
event at
the expense of the Trustee) that such sale, disposition, substitution,
acquisition or contribution will not (a) affect adversely the status of
any
Trust REMIC as REMICs or (b) cause the Trust Fund to be subject to a tax
on
“prohibited transactions” or “contributions” pursuant to the REMIC
Provisions.
Section
10.03 Master
Servicer, Securities Administrator and Trustee Indemnification.
(a) The
Securities Administrator agrees to indemnify the Trust Fund, the Depositor
and
the Master Servicer for any taxes and costs including, without limitation,
any
reasonable attorneys’ fees imposed on or incurred by the Trust Fund, the
Depositor or the Master Servicer, as a result of (i) a breach of the Securities
Administrator’s covenants set forth in this Article X or (ii) any state, local
or franchise taxes imposed upon the Trust Fund as a result of the location
of
the Securities Administrator.
(b) The
Master Servicer agrees to indemnify the Trust Fund, the Depositor and the
Trustee for any taxes and costs including, without limitation, any reasonable
attorneys’ fees imposed on or incurred by the Trust Fund, the Depositor or the
Trustee, as a result of (i) a breach of the Master Servicer’s covenants set
forth in Article III or this Article X with respect to compliance with
the REMIC
Provisions or (ii) any state, local or franchise taxes imposed upon the
Trust
Fund as a result of the location of the Master Servicer.
ARTICLE
XI
MISCELLANEOUS
PROVISIONS
Section
11.01 Amendment.
This
Agreement may be amended from time to time by the Depositor, the Master
Servicer, the Securities Administrator and the Trustee, without the consent
of
any of the Certificateholders or the Swap Provider, (i) to cure any ambiguity,
(ii) to correct or supplement any provisions herein which may be defective
or
inconsistent with any other provisions herein or to correct any error,
(iii) to
amend this Agreement in any respect subject to the provisions in clauses
(A) and
(B) below, or (iv) if such amendment, as evidenced by an Opinion of Counsel
(provided by the Person requesting such amendment) delivered to the Trustee,
is
reasonably necessary to comply with any requirements imposed by the Code
or any
successor or amendatory statute or any temporary or final regulation, revenue
ruling, revenue procedure or other written official announcement or
interpretation relating to federal income tax laws or any proposed such
action
which, if made effective, would apply retroactively to the Trust Fund at
least
from the effective date of such amendment; provided
that
such action (except any amendment described in (iv) above) shall not adversely
affect in any material respect the interests of any Certificateholder (other
than Certificateholders who shall consent to such amendment), as evidenced
by
(A) an Opinion of Counsel (provided by the Person requesting such amendment)
delivered to the Trustee, and (B) a letter from each Rating Agency, confirming
that such amendment shall not cause it to lower its rating on any of the
Certificates. The Trustee shall not consent to any such amendment to the
Agreement unless the Trustee receives an Officer's Certificate from the
Sponsor
stating that the Sponsor, after consultation with its accountants, does
not
believe that the amendment will result in the Trust failing to qualify
as a
"qualifying special-purpose entity" as defined in Statement of Financial
Accounting Standards Number 140.
This
Agreement may also be amended from time to time by the Depositor, the Master
Servicer, the Securities Administrator and the Trustee with the consent
of the
Holders of Certificates entitled to at least 66-2/3% of the Voting Rights
for
the purpose of adding any provisions to or changing in any manner or eliminating
any of the provisions of this Agreement or of modifying in any manner the
rights
of the Holders of Certificates; provided,
however,
that no
such amendment shall (i) reduce in any manner the amount of, or delay the
timing
of, payments received on Mortgage Loans which are required to be distributed
on
any Certificate without the consent of the Holder of such Certificate,
(ii)
adversely affect in any material respect the interests of the Holders of
any
Class of Certificates in a manner other than as described in (i), without
the
consent of the Holders of Certificates of such Class evidencing at least
66-2/3%
of the Voting Rights of such Class or (iii) reduce the aforesaid percentage
of
Certificates the Holders of which are required to consent to any such amendment,
without the consent of the Holders of all Certificates then outstanding.
Notwithstanding any other provision of this Agreement, for purposes of
the
giving or withholding of consents pursuant to this Section 11.01,
Certificates registered in the name of the Sponsor, the Trustee, the Securities
Administrator or the Master Servicer or any affiliate thereof shall be
entitled
to Voting Rights with respect to matters described in (i), (ii) and (iii)
of
this paragraph.
Notwithstanding
any contrary provision of this Agreement, the Trustee shall not consent
to any
amendment to this Agreement unless it shall have first received an Opinion
of
Counsel (provided by the Person requesting such amendment) and addressed
to the
Trustee and the Securities Administrator to the effect that such amendment
will
not result in the imposition of any tax on any Trust REMIC pursuant to
the REMIC
Provisions or cause any Trust REMIC to fail to qualify as a REMIC at any
time
that any Certificates are outstanding.
Notwithstanding
any of the other provisions of this Section 11.01, none of the Depositor,
the Master Servicer, the Securities Administrator or the Trustee shall
enter
into any amendment to the second paragraph of Section 4.01(a),
Section 4.01(c)(v) or Section 4.09 of this Agreement or any other
amendment which would adversely affect in any material respect that Swap
Provider’s rights under this Agreement without the prior written consent of the
Swap Provider.
Promptly
after the execution of any such amendment the Trustee shall furnish a copy
of
such amendment or a written statement describing the amendment to each
Certificateholder, with a copy to the Rating Agencies and the Swap
Provider.
It
shall
not be necessary for the consent of Certificateholders under this
Section 11.01 to approve the particular form of any proposed amendment, but
it shall be sufficient if such consent shall approve the substance thereof.
The
manner of obtaining such consents and of evidencing the authorization of
the
execution thereof by Certificateholders shall be subject to such reasonable
regulations as the Trustee may prescribe.
Prior
to
executing any amendment pursuant to this Section, the Trustee shall be
entitled
to receive an Opinion of Counsel (provided by the Person requesting such
amendment) to the effect that such amendment is authorized or permitted
by this
Agreement. The cost of any Opinion of Counsel delivered pursuant to this
Section 11.01 shall be an expense of the party requesting such amendment,
but in any case shall not be an expense of the Trustee.
Each
of
the Trustee and the Securities Administrator may, but shall not be obligated
to,
enter into any amendment pursuant to this Section that affects its rights,
duties and immunities under this Agreement or otherwise.
Section
11.02 Recordation
of Agreement; Counterparts.
To
the
extent permitted by applicable law, this Agreement is subject to recordation
in
all appropriate public offices for real property records in all the counties
or
other comparable jurisdictions in which any or all of the properties subject
to
the Mortgages are situated, and in any other appropriate public recording
office
or elsewhere, such recordation to be effected by the Master Servicer at
the
expense of the Certificateholders, but only upon direction of the Depositor
accompanied by an Opinion of Counsel to the effect that such recordation
materially and beneficially affects the interests of the
Certificateholders.
For
the
purpose of facilitating the recordation of this Agreement as herein provided
and
for other purposes, this Agreement may be executed simultaneously in any
number
of counterparts, each of which counterparts shall be deemed to be an original,
and such counterparts shall constitute but one and the same
instrument.
Section
11.03 Limitation
on Rights of Certificateholders.
The
death
or incapacity of any Certificateholder shall not operate to terminate this
Agreement or the Trust Fund, nor entitle such Certificateholder’s legal
representatives or heirs to claim an accounting or to take any action or
proceeding in any court for a partition or winding up of the Trust Fund,
nor
otherwise affect the rights, obligations and liabilities of the parties
hereto
or any of them.
No
Certificateholder shall have any right to vote (except as expressly provided
for
herein) or in any manner otherwise control the operation and management
of the
Trust Fund, or the obligations of the parties hereto, nor shall anything
herein
set forth, or contained in the terms of the Certificates, be construed
so as to
constitute the Certificateholders from time to time as partners or members
of an
association; nor shall any Certificateholder be under any liability to
any third
party by reason of any action taken by the parties to this Agreement pursuant
to
any provision hereof.
No
Certificateholder shall have any right by virtue of any provision of this
Agreement to institute any suit, action or proceeding in equity or at law
upon
or under or with respect to this Agreement, unless such Holder previously
shall
have given to the Trustee a notice of an Event of Default, or of a default
by
the Trustee in the performance of any obligation hereunder, and of the
continuance thereof, as hereinbefore provided, and unless also the Holders
of
Certificates entitled to at least 51% of the Voting Rights shall have made
written request upon the Trustee to institute such action, suit or proceeding
in
its own name as Trustee hereunder and shall have offered to the Trustee
such
reasonable indemnity as it may require against the costs, expenses and
liabilities to be incurred therein or thereby, and the Trustee, for 60
days
after its receipt of such notice, request and offer of indemnity, shall
have
neglected or refused to institute any such action, suit or proceeding.
It is
understood and intended, and expressly covenanted by each Certificateholder
with
every other Certificateholder and the Trustee, that no one or more Holders
of
Certificates shall have any right in any manner whatever by virtue of any
provision of this Agreement to affect, disturb or prejudice the rights
of the
Holders of any other of such Certificates, or to obtain or seek to obtain
priority over or preference to any other such Holder, or to enforce any
right
under this Agreement, except in the manner herein provided and for the
equal,
ratable and common benefit of all Certificateholders. For the protection
and
enforcement of the provisions of this Section, each and every Certificateholder
and the Trustee shall be entitled to such relief as can be given either
at law
or in equity.
Section
11.04 Governing
Law.
This
Agreement and the Certificates shall be construed in accordance with the
laws of
the State of New York and the obligations, rights and remedies of the parties
hereunder shall be determined in accordance with such laws.
Section
11.05 Notices.
All
demands, notices and direction hereunder shall be in writing and shall
be deemed
effective upon receipt when delivered to (a) in the case of the Depositor,
Opteum Mortgage Acceptance Corporation, W. 000 Xxxxxxx Xxxx, Xxxxxxx, Xxx
Xxxxxx
00000, Attention: General Counsel, or such other address as may hereafter
be
furnished to the other parties hereto in writing; (b) in the case of Master
Servicer, Xxxxx Fargo Bank, N.A., X.X. Xxx 00, Xxxxxxxx Xxxxxxxx 00000
(or, in
the case of overnight deliveries, 0000 Xxx Xxxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxx
21045) (Attention: Corporate Trust Services - Opteum 2006-2), facsimile
no.:
(000) 000-0000, or such other address as may hereafter be furnished to
the other
parties hereto in writing; (c) in the case of the Securities Administrator,
the
Corporate Trust Office; (d) in the case of the Trustee, to its Corporate
Trust
Office, or such other address as may hereafter be furnished to the other
parties
hereto in writing; (e) in the case of the Rating Agencies, Standard &
Poor’s, 00 Xxxxx Xxxxxx, 00xx
Xxxxx,
Xxx Xxxx, XX 00000, Attention: Asset Backed Surveillance Department; and
Moody’s, Xxxxx’x Investors Service, Inc., Residential Mortgage Monitoring
Department, 00 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000; or (f) in the case
of
the Swap Provider, The Bank of New York, Swaps and Derivatives Products
Group,
Global Market Division, 00 Xxx Xxxx, 00xx
Xxxxx,
Xxx Xxxx, Xxx Xxxx 00000. Attention: Xxxxx Xxxxxx. Any notice required
or
permitted to be mailed to a Certificateholder shall be given by first class
mail, postage prepaid, at the address of such Holder as shown in the Certificate
Register. Any notice so mailed within the time prescribed in this Agreement
shall be conclusively presumed to have been duly given, whether or not
the
Certificateholder receives such notice.
Section
11.06 Severability
of Provisions.
If
any
one or more of the covenants, agreements, provisions or terms of this Agreement
shall be for any reason whatsoever held invalid, then such covenants,
agreements, provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and shall
in no way
affect the validity or enforceability of the other provisions of this Agreement
or of the Certificates or the rights of the Holders thereof.
Section
11.07 Successors
and Assigns.
The
provisions of this Agreement shall be binding upon and inure to the benefit
of
the respective successors and assigns of the parties hereto, and all such
provisions shall inure to the benefit of the Trustee and the
Certificateholders.
Section
11.08 Article
and Section Headings.
The
article and Section headings herein are for convenience of reference only,
and
shall not limit or otherwise affect the meaning hereof.
Section
11.09 Notice
to
Rating Agencies.
The
Trustee shall use its best efforts to promptly provide notice to each Rating
Agency referred to below with respect to each of the following of which
it has
actual knowledge:
1. Any
material change or amendment to this Agreement;
2. The
occurrence of any Event of Default that has not been cured;
3. The
resignation or termination of the Master Servicer, the Securities Administrator
or the Trustee;
4. The
repurchase or substitution of Mortgage Loans pursuant to
Section 2.04;
5. The
final
payment to Certificateholders; and
6. Any
change in the location of the Custodial Account or the Certificate
Account.
In
addition, the Securities Administrator shall make available to the Rating
Agency
copies of each report to Certificateholders described in Section 4.02; and
the Master Servicer shall make available to the Rating Agency copies of
each
annual independent public accountants’ servicing report received as described in
Section 3.20.
Any
such
notice pursuant to this Section 11.09 shall be in writing and shall be
deemed to have been duly given if personally delivered or mailed by first
class
mail, postage prepaid, or by express delivery service to (i) in the case
of
Standard & Poor’s, 00 Xxxxx Xxxxxx, 00xx
Xxxxx,
Xxx Xxxx, Xxx Xxxx 00000, Attention: Asset Backed Surveillance Department
and
(ii) in the case of Moody’s, Residential Mortgage Monitoring Department, 00
Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or, in each case, such other address
as
either such Rating Agency may designate in writing to the parties
thereto.
Section
11.10 Third
Party Rights.
The
Sponsor shall be deemed a third-party beneficiary of Section 3.26 of this
Agreement to the same extent as if it were a party hereto, and shall have
the
right to enforce the provisions of such Section. The Servicer shall be
deemed a
third-party beneficiary of Section 3.26 of this Agreement to the same
extent as if it were a party hereto, and shall have the right to enforce
the
provisions of such Section. The Swap Provider shall be an express third
party
beneficiary of this Agreement for the purpose of enforcing the provisions
hereof
as if a party hereto so long as the Swap Agreement is in effect.
[Signature
Pages Follow]
IN
WITNESS WHEREOF, the Depositor, the Master Servicer, the Securities
Administrator and the Trustee have caused their names to be signed hereto
by
their respective officers thereunto duly authorized all as of the day and
year
first above written.
OPTEUM
MORTGAGE ACCEPTANCE CORPORATION,
Depositor
|
|
By:
|
/s/
Xxxxxxx Xxxxxx
|
Name:
|
Xxxxxxx
Xxxxxx
|
Title:
|
Vice
President
|
XXXXX
FARGO BANK, N.A.,
Master
Servicer
|
|
By:
|
/s/ Xxxxxx X. Xxxxxx |
Name:
|
Xxxxxx X. Xxxxxx |
Title:
|
Vice President |
HSBC
BANK USA, NATIONAL ASSOCIATION,
Trustee
|
|
By:
|
/s/ Xxxxx Xxxxx |
Name:
|
Xxxxx Xxxxx |
Title:
|
Assistant Vice President |
XXXXX
FARGO BANK, N.A.,
Securities
Administrator
|
|
By:
|
/s/ Xxxxxx X. Xxxxxx |
Name:
|
Xxxxxx X. Xxxxxx |
Title:
|
Vice President |
)
|
||
)
|
ss.:
|
|
COUNTY
OF BERGEN
|
)
|
On
the 26th day of June,
2006,
before me, a notary public in and for said State, personally appeared Xxxxxxx
Xxxxxx, known to me to be a Vice President of Opteum Mortgage Acceptance
Corporation, one of the corporations that executed the within instrument,
and
also known to me to be the person who executed it on behalf of said corporation,
and acknowledged to me that such corporation executed the within
instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
the
day and year in this certificate first above written.
/s/ Xxxx Xxx Xxxxx | |
Notary
Public
|
[Notarial
Seal]
STATE
OF MARYLAND
|
)
|
|
)
|
ss.:
|
|
COUNTY
OF XXXXXX
|
)
|
On
the 26th day of June, 2006, before me, a notary public in and for said
State, personally appeared Xxxxxx Xxxxxx, known to me to be a Vice
President of Xxxxx Fargo Bank, N.A., the entity that executed the within
instrument, and also known to me to be the person who executed it on behalf
of
said entity, and acknowledged to me that such entity executed the within
instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
the
day and year in this certificate first above written.
/s/ Xxxxxx X. Xxxxxxxx | |
Notary
Public
|
[Notarial
Seal]
STATE
OF NEW YORK
|
)
|
|
)
|
ss.:
|
|
COUNTY
OF NEW YORK
|
)
|
On
the 15th day of June, 2006, before me, a notary public in and for said
State, personally appeared Xxxxx Xxxxx, known to me to be a(n) AVP of HSBC
Bank USA, National Association, the entity that executed the within instrument,
and also known to me to be the person who executed it on behalf of said
entity,
and acknowledged to me that such entity executed the within
instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
the
day and year in this certificate first above written.
/s/ Xxxxxx X. Xxxxxxx | |
Notary
Public
|
[Notarial
Seal]
STATE
OF MARYLAND
|
)
|
|
)
|
ss.:
|
|
COUNTY
OF XXXXXX
|
)
|
On
the 26th day of June, 2006, before me, a notary public in and for said
State, personally appeared Xxxxxx Xxxxxx, known to me to be a Vice
President of Xxxxx Fargo Bank, N.A., the entity that executed the within
instrument, and also known to me to be the person who executed it on behalf
of
said entity, and acknowledged to me that such entity executed the within
instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
the
day and year in this certificate first above written.
/s/ Xxxxxx X. Xxxxxxxx | |
Notary
Public
|
[Notarial
Seal]
FORM
OF
CLASS A CERTIFICATE
SOLELY
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
(THE “CODE”).
THIS
CERTIFICATE SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED
IN
THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW,
REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE SECURITIES
ADMINISTRATOR EXCEPT TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES
FOR THE RESPECTIVE CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE
CERTIFICATE OWNERS SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO
EACH OF SUCH BOOK ENTRY CERTIFICATES THROUGH THE BOOK ENTRY FACILITIES OF THE
DEPOSITORY AND, EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE
CERTIFICATES IN RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY
CERTIFICATE OWNERS OF THEIR RESPECTIVE OWNERSHIP IN THE BOOK ENTRY CERTIFICATES
SHALL BE MADE IN ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY
PARTICIPANT OR BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH
DEPOSITORY PARTICIPANT SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE BOOK
ENTRY CERTIFICATES OF CERTIFICATE OWNERS IT REPRESENTS OR OF BROKERAGE FIRMS
FOR
WHICH IT ACTS AS AGENT IN ACCORDANCE WITH THE DEPOSITORY’S NORMAL PROCEDURES.
NEITHER THE TRUSTEE NOR THE SECURITIES ADMINISTRATOR SHALL BE REQUIRED TO
MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH THE TRANSFER RESTRICTIONS
WITH RESPECT TO THE BOOK ENTRY CERTIFICATES, AND NEITHER THE TRUSTEE NOR THE
SECURITIES ADMINISTRATOR SHALL HAVE LIABILITY FOR TRANSFERS OF OWNERSHIP
INTERESTS IN THE BOOK ENTRY CERTIFICATES MADE THROUGH THE BOOK ENTRY FACILITIES
OF THE DEPOSITORY OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR CERTIFICATE
OWNERS, MADE IN VIOLATION OF THE APPLICABLE RESTRICTIONS.
PRIOR
TO THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, THIS CERTIFICATE MAY
BE
ACQUIRED DIRECTLY OR INDIRECTLY BY, ON BEHALF OF, OR WITH PLAN ASSETS OF AN
EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT THAT IS SUBJECT TO TITLE
I
OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, PROVIDED THAT THE TRANSFEREE CAN
MAKE
THE DEEMED REPRESENTATIONS IN SECTION 5.02(c) OF THE POOLING AND SERVICING
AGREEMENT.
Certificate
No. 1
Class
A[_][_] Senior
|
Adjustable
Pass-Through Rate
|
Date
of Pooling and Servicing
Agreement
and Cut-off Date:
June
1, 2006
|
Percentage
Interest: 100%
|
First
Distribution Date:
July
25, 2006
|
Aggregate
Initial Certificate Principal Balance
of
the Class A[_][_]
Certificates:
$[_____________]
|
Master
Servicer:
Xxxxx
Fargo Bank, N.A
|
Initial
Certificate Principal
Balance
of this Certificate:
$[_____________]
|
Assumed
Final
Distribution
Date:
July
25, 2036
|
CUSIP:
[_____________]
|
ASSET-BACKED
PASS-THROUGH CERTIFICATE
SERIES
2006-2
evidencing
a percentage interest in the distributions allocable to the Class A[_][_]
Certificates with respect to a Trust Fund consisting primarily of a pool of
one-
to four-family, adjustable-rate, first lien mortgage loans formed and sold
by
OPTEUM MORTGAGE ACCEPTANCE CORPORATION
This
Certificate is payable solely from the assets of the Trust Fund, and does not
represent an obligation of or interest in Opteum Mortgage Acceptance
Corporation, the Master Servicer, the Securities Administrator or the Trustee
referred to below or any of their affiliates. Neither this Certificate nor
the
underlying Mortgage Loans are guaranteed or insured by any governmental agency
or instrumentality or by Opteum Mortgage Acceptance Corporation, the Master
Servicer, the Securities Administrator, the Trustee or any of their affiliates.
None of the Depositor, the Master Servicer, the Securities Administrator or
any
of their affiliates will have any obligation with respect to any certificate
or
other obligation secured by or payable from payments on the
Certificates.
This
certifies that Cede & Co. is the registered owner of the Percentage Interest
evidenced by this Certificate (obtained by dividing the Initial Certificate
Principal Balance of this Certificate by the aggregate Initial Certificate
Principal Balance of all Class A[_][_] Certificates, both as specified above)
in
certain distributions with respect to the Trust Fund consisting primarily of
an
interest in a pool of one- to four-family, adjustable-rate, first lien mortgage
loans (the “Mortgage Loans”), sold by Opteum Mortgage Acceptance Corporation
(hereinafter called the “Depositor,” which term includes any successor entity
under the Agreement referred to below). The Trust Fund was created pursuant
to a
Pooling and Servicing Agreement dated as specified above (the “Agreement”) among
the Depositor, the Master Servicer, the Securities Administrator and HSBC Bank
USA, National Association, as trustee (the “Trustee”), a summary of certain of
the pertinent provisions of which is set forth hereafter. To the extent not
defined herein, the capitalized terms used herein have the meanings assigned
in
the Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound.
Pursuant
to the terms of the Agreement, a distribution will be made on the 25th day
of
each month or, if such 25th day is not a Business Day, the Business Day
immediately following (the Distribution Date”), commencing as described in the
Agreement, to the Person in whose name this Certificate is registered at the
close of business on the Business Day immediately preceding such Distribution
Date (the “Record Date”), from the Available Distribution Amount in an amount
equal to the product of the Percentage Interest evidenced by this Certificate
and the amount of interest and principal, if any, required to be distributed
to
Holders of Class A[_][_] Certificates on such Distribution Date.
Distributions
on this Certificate will be made by the Securities Administrator either in
immediately available funds (by wire transfer or otherwise) for the account
of
the Person entitled thereto if such Person shall have so notified the Securities
Administrator and the Trustee at least 5 Business Days prior to the related
Record Date, or by check mailed to the address of the Person entitled thereto,
as such name and address shall appear on the Certificate Register.
Notwithstanding
the above, the final distribution on this Certificate will be made after due
notice of the pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency appointed by the
Securities Administrator for that purpose in the City of Minneapolis and State
of Minnesota. The Initial Certificate Principal Balance of this Certificate
is
set forth above. The Certificate Principal Balance hereof will be reduced to
the
extent of distributions allocable to principal.
This
Certificate is one of a duly authorized issue of Certificates issued in several
Classes designated as Asset-Backed Pass Through Certificates of the Series
specified hereon (herein collectively called the “Certificates”).
The
Certificates are limited in right of payment to certain collections and
recoveries respecting the Mortgage Loans, all as more specifically set forth
herein and in the Agreement. In the event Master Servicer funds are advanced
with respect to any Mortgage Loan, such advance is reimbursable to the Master
Servicer, to the extent provided in the Agreement, from related recoveries
on
such Mortgage Loan or from other cash that would have been distributable to
Certificateholders.
As
provided in the Agreement, withdrawals from the Custodial Account and/or the
Certificate Account created for the benefit of Certificateholders may be made
by
the Master Servicer from time to time for purposes other than distributions
to
Certificateholders, such purposes including without limitation reimbursement
to
the Trustee, the Depositor and the Master Servicer of advances made, or certain
expenses incurred, by either of them.
Prior
to
the termination of the Supplemental Interest Trust the transferee shall be
deemed to have made the representations in Section 5.02(c) of the
Agreement.
The
Agreement permits, with certain exceptions therein provided, the amendment
of
the Agreement and the modification of the rights and obligations of the
Depositor, the Master Servicer, the Securities Administrator, the Trustee and
the rights of the Certificateholders under the Agreement at any time by the
Depositor, the Master Servicer, the Securities Administrator and the Trustee
with the consent of the Holders of Certificates evidencing in the aggregate
not
less than 66 2/3% of the Voting Rights of each Class of Certificates affected
thereby. Any such consent by the Holder of this Certificate shall be conclusive
and binding on such Holder and upon all future holders of this Certificate
and
of any Certificate issued upon the transfer hereof or in exchange herefor or
in
lieu hereof whether or not notation of such consent is made upon the
Certificate. The Agreement also permits the amendment thereof in certain
circumstances without the consent of the Holders of any of the Certificates
and,
in certain additional circumstances, without the consent of the Holders of
certain Classes of Certificates.
As
provided in the Agreement and subject to certain limitations therein set forth,
the transfer of this Certificate is registrable with the Securities
Administrator upon surrender of this Certificate for registration of transfer
at
the offices or agencies maintained by the Securities Administrator, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Securities
Administrator duly executed by the Holder hereof or such Holder’s attorney duly
authorized in writing, and thereupon one or more new Certificates of authorized
denominations evidencing the same Class and aggregate Percentage Interest will
be issued to the designated transferee or transferees.
The
Certificates are issuable only as registered Certificates without coupons in
Classes and in denominations specified in the Agreement. As provided in the
Agreement and subject to certain limitations therein set forth, Certificates
are
exchangeable for new Certificates of authorized denominations evidencing the
same Class and aggregate Percentage Interest, as requested by the Holder
surrendering the same.
No
service charge will be made for any such registration of transfer or exchange,
but the Trustee or the Securities Administrator may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection
therewith.
The
Depositor, the Master Servicer, the Securities Administrator, the Servicer
and
the Trustee and any agent of the Depositor, the Master Servicer, the Securities
Administrator, the Servicer or the Trustee may treat the Person in whose name
this Certificate is registered as the owner hereof for all purposes, and neither
the Depositor, the Master Servicer, the Securities Administrator, the Servicer,
the Trustee nor any such agent shall be affected by notice to the
contrary.
This
Certificate shall be governed by and construed in accordance with the laws
of
the State of New York.
The
obligations created by the Agreement in respect of the Certificates and the
Trust Fund created thereby shall terminate upon the payment to
Certificateholders of all amounts held by or on behalf of the Trustee and
required to be paid to them pursuant to the Agreement following the earlier
of
(i) the purchase by the Servicer or its designee or the Master Servicer from
the
Trust Fund of all remaining Mortgage Loans and each REO Property in respect
thereof remaining in the Trust Fund, thereby effecting early retirement of
the
Certificates and (ii) the final payment or other liquidation (or any Advance
with respect thereto) of the last Mortgage Loan remaining in the Trust Fund
(or
the disposition of all REO Property in respect thereof). The Agreement permits,
but does not require, the Servicer, or, if the Servicer does not exercise this
right, the Master Servicer to purchase at a price determined as provided in
the
Agreement all remaining Mortgage Loans and all REO Property; provided, that
any
such option may only be exercised on or after the first Distribution Date on
which the aggregate unpaid balance of the Mortgage Loans is less than or equal
to ten percent of the aggregate Stated Principal Balance of the Mortgage Loans
as of the Cut off Date with respect to a purchase by the Servicer, or on or
after the first Distribution Date on which the aggregate unpaid principal
balance of the Mortgage Loans is less than or equal to five percent of the
aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off
Date
with respect to a purchase by the Master Servicer.
Unless
the certificate of authentication hereon has been executed by the Securities
Administrator, by manual signature, this Certificate shall not be entitled
to
any benefit under the Agreement or be valid for any purpose.
IN
WITNESS WHEREOF, the Securities Administrator has caused this Certificate to
be
duly executed.
Dated:
June 26, 2006
|
XXXXX
FARGO BANK,
N.A.,
as
Securities Administrator
|
|
|
|
|
By: | ||
|
||
Authorized
Signatory
|
CERTIFICATE
OF AUTHENTICATION
This
is
one of the Certificates referred to in the within-mentioned
Agreement.
|
XXXXX
FARGO BANK,
N.A.,
as
Securities Administrator
|
|
|
|
|
By: | ||
|
||
Authorized
Signatory
|
ASSIGNMENT
FOR
VALUE
RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
_____________________________________ (Please print or typewrite name and
address including postal zip code of assignee) a Percentage Interest evidenced
by the within Asset-Backed Pass-Through Certificate and hereby authorizes the
transfer of registration of such interest to assignee on the Certificate
Register of the Trust Fund.
I
(We)
further direct the Certificate Registrar to issue a new Certificate of a like
denomination and Class, to the above named assignee and deliver such Certificate
to the following address:
Dated: | ||
Signature
by or on behalf of assignor
|
||
Signature
Guaranteed
|
DISTRIBUTION
INSTRUCTIONS
The
assignee should include the following for purposes of distribution:
Distributions
shall be made, by wire transfer or otherwise, in immediately available funds
to
___________________________________for the account of __________________ account
number _______________, or, if mailed by check, to ________________________.
Applicable statements should be mailed
to____________________________________________.
This
information is provided by __________________, the assignee named above, or
________________, as its agent.
EXHIBIT
B-1
FORM
OF
CLASS M CERTIFICATE
THIS
CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE SENIOR CERTIFICATES
[,]
[AND] [CLASS M-1 CERTIFICATES] [,] [AND] [CLASS M-2 CERTIFICATES] [,] [AND]
[CLASS M-3 CERTIFICATES] [,] [AND] [CLASS M-4 CERTIFICATES] [,] [AND] [CLASS
M-5
CERTIFICATES] [,] [AND] [CLASS M-6 CERTIFICATES] [,] [AND] [CLASS M-7
CERTIFICATES] [,] [AND] [CLASS M-8 CERTIFICATES] [AND] [CLASS M-9 CERTIFICATES]
AS DESCRIBED IN THE AGREEMENT (AS DEFINED BELOW).
THIS
CERTIFICATE SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED
IN
THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW,
REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE SECURITIES
ADMINISTRATOR EXCEPT TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES
FOR THE RESPECTIVE CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE
CERTIFICATE OWNERS SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO
EACH OF SUCH BOOK-ENTRY CERTIFICATES THROUGH THE BOOK-ENTRY FACILITIES OF THE
DEPOSITORY AND, EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE
CERTIFICATES IN RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY
CERTIFICATE OWNERS OF THEIR RESPECTIVE OWNERSHIP IN THE BOOK-ENTRY CERTIFICATES
SHALL BE MADE IN ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY
PARTICIPANT OR BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH
DEPOSITORY PARTICIPANT SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE
BOOK-ENTRY CERTIFICATES OF CERTIFICATE OWNERS IT REPRESENTS OR OF BROKERAGE
FIRMS FOR WHICH IT ACTS AS AGENT IN ACCORDANCE WITH THE DEPOSITORY’S NORMAL
PROCEDURES. NEITHER THE SECURITIES ADMINISTRATOR NOR THE TRUSTEE SHALL BE
REQUIRED TO MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH THE TRANSFER
RESTRICTIONS WITH RESPECT TO THE BOOK-ENTRY CERTIFICATES, AND NEITHER THE
SECURITIES ADMINISTRATOR NOR THE TRUSTEE SHALL HAVE LIABILITY FOR TRANSFERS
OF
OWNERSHIP INTERESTS IN THE BOOK-ENTRY CERTIFICATES MADE THROUGH THE BOOK-ENTRY
FACILITIES OF THE DEPOSITORY OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR
CERTIFICATE OWNERS, MADE IN VIOLATION OF THE APPLICABLE
RESTRICTIONS.
[THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
OF
1933, AS AMENDED (THE “ACT”), OR UNDER ANY STATE SECURITIES LAWS. THE HOLDER
HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE
REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH
THE
ACT AND OTHER APPLICABLE LAWS AND ONLY (1) PURSUANT TO RULE 144A UNDER THE
ACT
(“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (A “QIB”), PURCHASING FOR
ITS OWN ACCOUNT OR A QIB PURCHASING FOR THE ACCOUNT OF A QIB, WHOM THE HOLDER
HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER
IS BEING MADE IN RELIANCE ON RULE 144A, (2) PURSUANT TO AN EXEMPTION FROM
REGISTRATION PROVIDED BY RULE 144 UNDER THE ACT (IF AVAILABLE), (3) IN
CERTIFICATED FORM TO AN “INSTITUTIONAL ACCREDITED INVESTOR” WITHIN THE MEANING
THEREOF IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE ACT
PURCHASING NOT FOR DISTRIBUTION IN VIOLATION OF THE ACT, SUBJECT TO (A) THE
RECEIPT BY THE TRUSTEE AND THE SECURITIES ADMINISTRATOR OF A LETTER
SUBSTANTIALLY IN THE FORM PROVIDED IN THE AGREEMENT AND (B) THE RECEIPT BY
THE
TRUSTEE AND THE SECURITIES ADMINISTRATOR OF AN OPINION OF COUNSEL AS TO
COMPLIANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE UNITED STATES OF OR (4)
PURSUANT TO REGULATION S UNDER THE ACT TO NON-U.S. PERSONS OUTSIDE THE UNITED
STATES.]
EACH
TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS IN SECTION 5.02(c)
OF THE POOLING AND SERVICING AGREEMENT.
[NO
TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
AS
AMENDED (“ERISA”), OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986 (EACH, A
“PLAN”) SHALL BE MADE EXCEPT IN ACCORDANCE WITH SECTION 5.02(c) OF THE POOLING
AND SERVICING AGREEMENT.]
Certificate
No.[_]
|
Adjustable
Pass-Through Rate
|
Class
M-[_] Mezzanine
|
Aggregate
Initial Certificate Principal
Balance
of the Class M-[_]
Certificates:
$[_____________]
|
Date
of Pooling and Servicing
Agreement
and Cut-off Date:
June
1, 2006
|
Initial
Certificate Principal Balance of this Certificate:
$[_____________]
|
First
Distribution Date:
July
25, 2006
|
CUSIP:
[_____________]
|
Master
Servicer:
Xxxxx
Fargo Bank, N.A.
|
|
Assumed
Final Distribution Date:
July
25, 2036
|
ASSET-BACKED
PASS-THROUGH CERTIFICATE
SERIES
2006-2
evidencing
a percentage interest in any distributions allocable to the Class M-[_]
Certificates with respect to the Trust Fund consisting primarily of a pool
of
one- to four-family, adjustable-rate, first lien mortgage loans formed and
sold
by OPTEUM MORTGAGE ACCEPTANCE CORPORATION
This
Certificate is payable solely from the assets of the Trust Fund, and does not
represent an obligation of or interest in Opteum Mortgage Acceptance
Corporation, the Master Servicer, the Servicer, the Seller, the Securities
Administrator or the Trustee referred to below or any of their affiliates.
Neither this Certificate nor the underlying Mortgage Loans are guaranteed or
insured by any governmental agency or instrumentality or by Opteum Mortgage
Acceptance Corporation, the Master Servicer, the Servicer, the Seller, the
Securities Administrator, the Trustee or any of their affiliates. None of Opteum
Mortgage Acceptance Corporation, the Master Servicer, the Servicer, the Seller,
the Securities Administrator or any of their affiliates will have any obligation
with respect to any certificate or other obligation secured by or payable from
payments on the Certificates.
This
certifies that Cede & Co. is the registered owner of the Percentage Interest
evidenced by this Certificate (obtained by dividing the Initial Certificate
Principal Balance of this Certificate by the aggregate Initial Certificate
Principal Balance of all Class M-[_] Certificates, both as specified above)
in
certain distributions with respect to the Trust Fund consisting primarily of
an
interest in a pool of one- to four-family, adjustable-rate, first lien mortgage
loans (the “Mortgage Loans”), sold by Opteum Mortgage Acceptance Corporation
(hereinafter called the “Depositor,” which term includes any successor entity
under the Agreement referred to below). The Trust Fund was created pursuant
to a
Pooling and Servicing Agreement dated as specified above (the “Agreement”) among
the Depositor, the Master Servicer, the Securities Administrator and HSBC Bank
USA, National Association, as trustee (the “Trustee”), a summary of certain of
the pertinent provisions of which is set forth hereafter. To the extent not
defined herein, the capitalized terms used herein have the meanings assigned
in
the Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound.
Pursuant
to the terms of the Agreement, a distribution will be made on the 25th day
of
each month or, if such 25th day is not a Business Day, the Business Day
immediately following (the Distribution Date”), commencing as described in the
Agreement, to the Person in whose name this Certificate is registered at the
close of business on the Business Day immediately preceding such Distribution
Date (the “Record Date”), from the Available Distribution Amount in an amount
equal to the product of the Percentage Interest evidenced by this Certificate
and the amount of interest and principal, if any, required to be distributed
to
Holders of Class M-[_] Certificates on such Distribution Date.
Distributions
on this Certificate will be made by the Securities Administrator either in
immediately available funds (by wire transfer or otherwise) for the account
of
the Person entitled thereto if such Person shall have so notified the Securities
Administrator and the Trustee at least 5 Business Days prior to the related
Record Date, or by check mailed to the address of the Person entitled thereto,
as such name and address shall appear on the Certificate Register.
Notwithstanding
the above, the final distribution on this Certificate will be made after due
notice of the pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency appointed by the
Securities Administrator for that purpose in the City of Minneapolis and State
of Minnesota. The Initial Certificate Principal Balance of this Certificate
is
set forth above. The Certificate Principal Balance hereof will be reduced to
the
extent of distributions allocable to principal.
This
Certificate is one of a duly authorized issue of Certificates issued in several
Classes designated as Asset-Backed Pass-Through Certificates of the Series
specified hereon (herein collectively called the “Certificates”).
The
Certificates are limited in right of payment to certain collections and
recoveries respecting the Mortgage Loans, all as more specifically set forth
herein and in the Agreement. In the event Master Servicer funds are advanced
with respect to any Mortgage Loan, such advance is reimbursable to the Master
Servicer, to the extent provided in the Agreement, from related recoveries
on
such Mortgage Loan or from other cash that would have been distributable to
Certificateholders.
As
provided in the Agreement, withdrawals from the Custodial Account and/or the
Certificate Account created for the benefit of Certificateholders may be made
by
the Master Servicer from time to time for purposes other than distributions
to
Certificateholders, such purposes including without limitation reimbursement
to
the Trustee, the Depositor and the Master Servicer of advances made, or certain
expenses incurred, by either of them.
The
Agreement permits, with certain exceptions therein provided, the amendment
of
the Agreement and the modification of the rights and obligations of the
Depositor, the Master Servicer, the Securities Administrator, the Trustee and
the rights of the Certificateholders under the Agreement at any time by the
Depositor, the Master Servicer, the Securities Administrator and the Trustee
with the consent of the Holders of Certificates evidencing in the aggregate
not
less than 66-2/3% of the Voting Rights of each Class of Certificates affected
thereby. Any such consent by the Holder of this Certificate shall be conclusive
and binding on such Holder and upon all future holders of this Certificate
and
of any Certificate issued upon the transfer hereof or in exchange herefor or
in
lieu hereof whether or not notation of such consent is made upon the
Certificate. The Agreement also permits the amendment thereof in certain
circumstances without the consent of the Holders of any of the Certificates
and,
in certain additional circumstances, without the consent of the Holders of
certain Classes of Certificates.
Each
transferee shall be deemed to have made the representations in section 5.02(c)
of the Agreement.
[No
transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
the
Code, any Person acting, directly or indirectly, on behalf of any such Plan
or
any person using Plan Assets to acquire this Certificate shall be made except
in
accordance with Section 5.02(c) of the Agreement.]
As
provided in the Agreement and subject to certain limitations therein set forth,
the transfer of this Certificate is registrable with the Securities
Administrator upon surrender of this Certificate for registration of transfer
at
the offices or agencies maintained by the Securities Administrator, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Securities
Administrator duly executed by the Holder hereof or such Holder’s attorney duly
authorized in writing, and thereupon one or more new Certificates of authorized
denominations evidencing the same Class and aggregate Percentage Interest will
be issued to the designated transferee or transferees.
The
Certificates are issuable only as registered Certificates without coupons in
Classes and in denominations specified in the Agreement. As provided in the
Agreement and subject to certain limitations therein set forth, Certificates
are
exchangeable for new Certificates of authorized denominations evidencing the
same Class and aggregate Percentage Interest, as requested by the Holder
surrendering the same.
No
service charge will be made for any such registration of transfer or exchange,
but the Trustee or the Securities Administrator may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection
therewith.
The
Depositor, the Master Servicer, the Securities Administrator, the Servicer
and
the Trustee and any agent of the Depositor, the Master Servicer, the Securities
Administrator, the Servicer or the Trustee may treat the Person in whose name
this Certificate is registered as the owner hereof for all purposes, and neither
the Depositor, the Master Servicer, the Securities Administrator, the Servicer,
the Trustee nor any such agent shall be affected by notice to the
contrary.
This
Certificate shall be governed by and construed in accordance with the laws
of
the State of New York.
The
obligations created by the Agreement in respect of the Certificates and the
Trust Fund created thereby shall terminate upon the payment to
Certificateholders of all amounts held by or on behalf of the Trustee and
required to be paid to them pursuant to the Agreement following the earlier
of
(i) the purchase by the Servicer or its designee or the Master Servicer from
the
Trust Fund of all remaining Mortgage Loans and each REO Property in respect
thereof remaining in the Trust Fund, thereby effecting early retirement of
the
Certificates and (ii) the final payment or other liquidation (or any Advance
with respect thereto) of the last Mortgage Loan remaining in the Trust Fund
(or
the disposition of all REO Property in respect thereof). The Agreement permits,
but does not require, the Servicer, or, if the Servicer does not exercise this
right, the Master Servicer to purchase at a price determined as provided in
the
Agreement all remaining Mortgage Loans and all REO Property; provided, that
any
such option may only be exercised on or after the first Distribution Date on
which the aggregate unpaid balance of the Mortgage Loans is less than or equal
to ten percent of the aggregate Stated Principal Balance of the Mortgage Loans
as of the Cut-off Date with respect to a purchase by the Servicer, or on or
after the first Distribution Date on which the aggregate unpaid principal
balance of the Mortgage Loans is less than or equal to five percent of the
aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off
Date
with respect to a purchase by the Master Servicer.
Unless
the certificate of authentication hereon has been executed by the Securities
Administrator, by manual signature, this Certificate shall not be entitled
to
any benefit under the Agreement or be valid for any purpose.
IN
WITNESS WHEREOF, the Securities Administrator has caused this Certificate to
be
duly executed.
Dated:
June 26, 2006
|
XXXXX
FARGO BANK,
N.A.,
as
Securities Administrator
|
|
|
|
|
By: | ||
|
||
Authorized
Signatory
|
CERTIFICATE
OF AUTHENTICATION
This
is
one of the Certificates referred to in the within-mentioned
Agreement.
|
XXXXX
FARGO BANK,
N.A.,
as
Securities Administrator
|
|
|
|
|
By: | ||
|
||
Authorized
Signatory
|
ASSIGNMENT
FOR
VALUE
RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
_____________________________________ (Please print or typewrite name and
address including postal zip code of assignee) a Percentage Interest evidenced
by the within Asset-Backed Pass-Through Certificate and hereby authorizes the
transfer of registration of such interest to assignee on the Certificate
Register of the Trust Fund.
I
(We)
further direct the Certificate Registrar to issue a new Certificate of a like
denomination and Class, to the above named assignee and deliver such Certificate
to the following address:
Dated: | ||
Signature
by or on behalf of assignor
|
||
Signature
Guaranteed
|
DISTRIBUTION
INSTRUCTIONS
The
assignee should include the following for purposes of distribution:
Distributions
shall be made, by wire transfer or otherwise, in immediately available funds
to
___________________________________for the account of __________________ account
number _______________, or, if mailed by check, to ________________________.
Applicable statements should be mailed
to____________________________________________.
This
information is provided by __________________, the assignee named above, or
________________, as its agent.
EXHIBIT
B-2
FORM
OF
CLASS C CERTIFICATE
THIS
CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A AND CLASS M
CERTIFICATES AS DESCRIBED IN THE AGREEMENT (AS DEFINED
BELOW).
SOLELY
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” AS THOSE TERMS ARE DEFINED,
RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
(THE “CODE”).
THIS
CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION
THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM THE
REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS
OF
THE AGREEMENT REFERRED TO HEREIN.
NO
TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
AS
AMENDED (“ERISA”), OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986 (EACH, A
“PLAN”) SHALL BE MADE EXCEPT IN ACCORDANCE WITH SECTION 5.02(c) OF THE POOLING
AND SERVICING AGREEMENT.
Certificate
No. 1
|
|
Class
C
|
Aggregate
Initial Notional Amount of the
Class
C Certificates:
$[_____________]
|
Date
of Pooling and Servicing
Agreement
and Cut-off Date:
June
1, 2006
|
Initial
Notional Amount
of
this Certificate (“Denomination”):
$[_____________]
|
First
Distribution Date:
July
25, 2006
|
Initial
Certificate Principal Balance of
this
Certificate (“Denomination”):
$[_____________]
|
Master
Servicer:
Xxxxx
Fargo Bank, N.A.
|
|
Assumed
Final Distribution Date:
July
25, 2036
|
ASSET-BACKED
PASS-THROUGH CERTIFICATE
SERIES
2006-2
evidencing
percentage interest in the distributions allocable to the Class C Certificates
with respect to a Trust Fund consisting primarily of a pool of one- to
four-family, adjustable-rate, first lien mortgage loans formed and sold by
OPTEUM MORTGAGE ACCEPTANCE CORPORATION
This
Certificate is payable solely from the assets of the Trust Fund, and does not
represent an obligation of or interest in Opteum Mortgage Acceptance
Corporation, the Master Servicer, the Servicer, the Seller, the Securities
Administrator, the Trustee referred to below or any of their affiliates. Neither
this Certificate nor the underlying Mortgage Loans are guaranteed or insured
by
any governmental agency or instrumentality or by Opteum Mortgage Acceptance
Corporation, the Master Servicer, the Servicer, the Seller, the Securities
Administrator, the Trustee or any of their affiliates. None of Opteum Mortgage
Acceptance Corporation, the Master Servicer, the Servicer, the Seller, the
Securities Administrator or any of their affiliates will have any obligation
with respect to any certificate or other obligation secured by or payable from
payments on the Certificates.
This
certifies that Xxxxx Fargo Bank, N.A., as Note Administrator on behalf of the
Opteum NIM Trust 2006-2 Noteholders, is the registered owner of the Percentage
Interest evidenced by this Certificate (obtained by dividing the Original Class
C Certificate by the Original Class Certificate Principal Balance) in certain
distributions with respect to the Trust Fund consisting primarily of an interest
in a pool of one- to four-family, adjustable-rate, first lien mortgage loans
(the “Mortgage Loans”), sold by Opteum Mortgage Acceptance Corporation
(hereinafter called the “Depositor,” which term includes any successor entity
under the Agreement referred to below). The Trust Fund was created pursuant
to a
Pooling and Servicing Agreement dated as specified above (the “Agreement”) among
the Depositor, the Master Servicer, the Securities Administrator and HSBC Bank
USA, National Association as trustee (the “Trustee”), a summary of certain of
the pertinent provisions of which is set forth hereafter. To the extent not
defined herein, the capitalized terms used herein have the meanings assigned
in
the Agreement. This Class C Certificate is issued under and is subject to the
terms, provisions and conditions of the Agreement, to which Agreement the Holder
of this Certificate by virtue of the acceptance hereof assents and by which
such
Holder is bound.
Pursuant
to the terms of the Agreement, a distribution will be made on the 25th day
of
each month or, if such 25th day is not a Business Day, the Business Day
immediately following (the Distribution Date”), commencing as described in the
Agreement, to the Person in whose name this Certificate is registered at the
close of business on the last Business Day of the month immediately preceding
the month of such Distribution Date (the “Record Date”), from the Available
Distribution Amount in an amount equal to the product of the Percentage Interest
evidenced by this Certificate and the amount of interest and principal, if
any,
required to be distributed to Holders of Class C Certificates on such
Distribution Date.
Distributions
on this Certificate will be made by the Securities Administrator either in
immediately available funds (by wire transfer or otherwise) for the account
of
the Person entitled thereto if such Person shall have so notified the Securities
Administrator and the Trustee at least 5 Business Days prior to the related
Record Date, or by check mailed to the address of the Person entitled thereto,
as such name and address shall appear on the Certificate Register.
Notwithstanding
the above, the final distribution on this Certificate will be made after due
notice of the pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency appointed by the
Securities Administrator for that purpose in the City of Minneapolis and State
of Minnesota.
This
Certificate is one of a duly authorized issue of Certificates issued in several
Classes designated as Asset-Backed Pass Through Certificates of the Series
specified hereon (herein collectively called the “Certificates”).
The
Certificates are limited in right of payment to certain collections and
recoveries respecting the Mortgage Loans, all as more specifically set forth
herein and in the Agreement. In the event Master Servicer funds are advanced
with respect to any Mortgage Loan, such advance is reimbursable to the Master
Servicer, to the extent provided in the Agreement, from related recoveries
on
such Mortgage Loan or from other cash that would have been distributable to
Certificateholders.
As
provided in the Agreement, withdrawals from the Custodial Account and/or the
Certificate Account created for the benefit of Certificateholders may be made
by
the Master Servicer from time to time for purposes other than distributions
to
Certificateholders, such purposes including without limitation reimbursement
to
the Trustee, the Depositor and the Master Servicer of advances made, or certain
expenses incurred, by either of them.
No
transfer of a Certificate of this Class shall be made unless such transfer
is
made pursuant to an effective registration statement under the Act and any
applicable state securities laws or is exempt from the registration requirements
under said Act and such laws. In the event that a transfer is to be made in
reliance upon an exemption from the Act and such laws, in order to assure
compliance with the act and such laws, the Certificateholder desiring to effect
such transfer and such Certificateholder’s prospective transferee shall each
certify to the Securities Administrator, the Trustee and the Depositor in
writing the facts surrounding the transfer. In the event that such a transfer
is
not to be made pursuant to Rule 144A of the act, there shall be delivered to
the
Securities Administrator, the Trustee and the Depositor an Opinion of Counsel
that such transfer may be made pursuant to an exemption from the Act, which
Opinion of Counsel shall not be obtained at the expense of the Securities
Administrator, the Trustee, the Master Servicer or the Depositor; or there
shall
be delivered to the Securities Administrator, the Trustee and the Depositor
a
transferor certificate by the transferor and an investment letter shall be
executed by the transferee. The Holder hereof desiring to effect such transfer
shall, and does hereby agree to, indemnify the Securities Administrator, the
Trustee and the Depositor against any liability that may result if the transfer
is not so exempt or is not made in accordance with such federal and state
laws.
No
transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
the
Code, any Person acting, directly or indirectly, on behalf of any such Plan
or
any person using Plan Assets to acquire this Certificate shall be made except
in
accordance with Section 5.02(c) of the Agreement.
The
Agreement permits, with certain exceptions therein provided, the amendment
of
the Agreement and the modification of the rights and obligations of the
Depositor, the Master Servicer, the Securities Administrator, the Trustee and
the rights of the Certificateholders under the Agreement at any time by the
Depositor, the Master Servicer, the Securities Administrator and the Trustee
with the consent of the Holders of Certificates evidencing in the aggregate
not
less than 66 2/3% of the Voting Rights of each Class of Certificates affected
thereby. Any such consent by the Holder of this Certificate shall be conclusive
and binding on such Holder and upon all future holders of this Certificate
and
of any Certificate issued upon the transfer hereof or in exchange herefor or
in
lieu hereof whether or not notation of such consent is made upon the
Certificate. The Agreement also permits the amendment thereof in certain
circumstances without the consent of the Holders of any of the Certificates
and,
in certain additional circumstances, without the consent of the Holders of
certain Classes of Certificates.
As
provided in the Agreement and subject to certain limitations therein set forth,
the transfer of this Certificate is registrable with the Securities
Administrator upon surrender of this Certificate for registration of transfer
at
the offices or agencies maintained by the Securities Administrator, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Securities
Administrator duly executed by the Holder hereof or such Holder’s attorney duly
authorized in writing, and thereupon one or more new Certificates of authorized
denominations evidencing the same Class and aggregate Percentage Interest will
be issued to the designated transferee or transferees.
The
Certificates are issuable only as registered Certificates without coupons in
Classes and in denominations specified in the Agreement. As provided in the
Agreement and subject to certain limitations therein set forth, Certificates
are
exchangeable for new Certificates of authorized denominations evidencing the
same Class and aggregate Percentage Interest, as requested by the Holder
surrendering the same.
No
service charge will be made for any such registration of transfer or exchange,
but the Trustee or the Securities Administrator may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection
therewith.
The
Depositor, the Master Servicer, the Securities Administrator, the Servicer
and
the Trustee and any agent of the Depositor, the Master Servicer, the Securities
Administrator, the Servicer or the Trustee may treat the Person in whose name
this Certificate is registered as the owner hereof for all purposes, and neither
the Depositor, the Master Servicer, the Securities Administrator, the Servicer,
the Trustee nor any such agent shall be affected by notice to the
contrary.
This
Certificate shall be governed by and construed in accordance with the laws
of
the State of New York.
The
obligations created by the Agreement in respect of the Certificates and the
Trust Fund created thereby shall terminate upon the payment to
Certificateholders of all amounts held by or on behalf of the Trustee and
required to be paid to them pursuant to the Agreement following the earlier
of
(i) the purchase by the Servicer or its designee or the Master Servicer from
the
Trust Fund of all remaining Mortgage Loans and each REO Property in respect
thereof remaining in the Trust Fund, thereby effecting early retirement of
the
Certificates and (ii) the final payment or other liquidation (or any Advance
with respect thereto) of the last Mortgage Loan remaining in the Trust Fund
(or
the disposition of all REO Property in respect thereof). The Agreement permits,
but does not require, the Servicer or the Master Servicer to purchase at a
price
determined as provided in the Agreement all remaining Mortgage Loans and all
REO
Property; provided, that any such option may only be exercised on or after
the
first Distribution Date on which the aggregate unpaid balance of the Mortgage
Loans is less than or equal to ten percent of the aggregate Stated Principal
Balance of the Mortgage Loans as of the Cut off Date with respect to a purchase
by the Servicer, or on or after the first Distribution Date on which the
aggregate unpaid principal balance of the Mortgage Loans is less than or equal
to five percent of the aggregate Stated Principal Balance of the Mortgage Loans
as of the Cut-off Date with respect to a purchase by the Master
Servicer.
Unless
the certificate of authentication hereon has been executed by the Securities
Administrator, by manual signature, this Certificate shall not be entitled
to
any benefit under the Agreement or be valid for any purpose.
IN
WITNESS WHEREOF, the Securities Administrator has caused this Certificate to
be
duly executed.
Dated:
June 26, 2006
|
XXXXX
FARGO BANK,
N.A.,
as
Securities Administrator
|
|
|
|
|
By: | ||
|
||
Authorized
Signatory
|
CERTIFICATE
OF AUTHENTICATION
This
is
one of the Certificates referred to in the within-mentioned
Agreement.
|
XXXXX
FARGO BANK,
N.A.,
as
Securities Administrator
|
|
|
|
|
By: | ||
|
||
Authorized
Signatory
|
ASSIGNMENT
FOR
VALUE
RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
_____________________________________ (Please print or typewrite name and
address including postal zip code of assignee) a Percentage Interest evidenced
by the within Asset-Backed Pass-Through Certificate and hereby authorizes the
transfer of registration of such interest to assignee on the Certificate
Register of the Trust Fund.
I
(We)
further direct the Certificate Registrar to issue a new Certificate of a
like
denomination and Class, to the above named assignee and deliver such Certificate
to the following address:
Dated: | ||
Signature
by or on behalf of assignor
|
||
Signature
Guaranteed
|
DISTRIBUTION
INSTRUCTIONS
The
assignee should include the following for purposes of distribution:
Distributions
shall be made, by wire transfer or otherwise, in immediately available funds
to
___________________________________for the account of __________________
account
number _______________, or, if mailed by check, to ________________________.
Applicable statements should be mailed
to____________________________________________.
This
information is provided by __________________, the assignee named above,
or
________________, as its agent.
EXHIBIT
B-3
FORM
OF
CLASS P CERTIFICATE
SOLELY
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
AS
AMENDED (THE “CODE”).
THIS
CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION
THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM THE
REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS
OF
THE AGREEMENT REFERRED TO HEREIN.
NO
TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
AS
AMENDED (“ERISA”), OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986 (EACH, A
“PLAN”) SHALL BE MADE EXCEPT IN ACCORDANCE WITH SECTION 5.02(c) OF THE POOLING
AND SERVICING AGREEMENT.
Certificate
No. 1
|
|
Class
P
|
Aggregate
Initial Certificate Principal
Balance
of the Class P Certificates:
$[100.00]
|
Date
of Pooling and Servicing
Agreement
and Cut-off Date:
June
1, 2006
|
Initial
Certificate Principal Balance
of
this Certificate (“Denomination”):
$[100.00]
|
First
Distribution Date:
July
25, 2006
|
Percentage
Interest of this Certificate:
100.00%
|
Master
Servicer:
Xxxxx
Fargo Bank, N.A.
|
|
Assumed
Final Distribution Date:
July
25, 2036
|
ASSET-BACKED
PASS-THROUGH CERTIFICATE
SERIES
2006-2
evidencing
a percentage interest in any distributions allocable to the Class P Certificates
with respect to the Trust Fund consisting primarily of a pool of one- to
four-family, adjustable-rate, first lien mortgage loans sold by OPTEUM MORTGAGE
ACCEPTANCE CORPORATION
This
Certificate is payable solely from the assets of the Trust Fund, and does not
represent an obligation of or interest in Opteum Mortgage Acceptance
Corporation, the Master Servicer, the Servicer, the Seller, the Securities
Administrator, the Trustee referred to below or any of their affiliates. Neither
this Certificate nor the underlying Mortgage Loans are guaranteed or insured
by
any governmental agency or instrumentality or by Opteum Mortgage Acceptance
Corporation, the Master Servicer, the Servicer, the Seller, the Securities
Administrator, the Trustee or any of their affiliates. None of Opteum Mortgage
Acceptance Corporation, the Master Servicer, the Servicer, the Seller, the
Securities Administrator or any of their affiliates will have any obligation
with respect to any certificate or other obligation secured by or payable from
payments on the Certificates.
This
certifies that Xxxxx Fargo Bank, N.A., as Note Administrator on behalf of the
Opteum NIM Trust 2006-2 Noteholders, is the registered owner of the Percentage
Interest evidenced by this Class P Certificate (obtained by dividing the
Denomination of this Class P Certificate by the Original Class Certificate
Principal Balance) in certain distributions with respect to the Trust Fund
consisting primarily of an interest in a pool of one- to four-family,
adjustable-rate, first lien mortgage loans (the “Mortgage Loans”), sold by
Opteum Mortgage Acceptance Corporation (hereinafter called the “Depositor,”
which term includes any successor entity under the Agreement referred to below).
The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated
as specified above (the “Agreement”) among the Depositor, the Master Servicer,
the Securities Administrator and HSBC Bank USA, National Association as trustee
(the “Trustee”), a summary of certain of the pertinent provisions of which is
set forth hereafter. To the extent not defined herein, the capitalized terms
used herein have the meanings assigned in the Agreement. This Certificate is
issued under and is subject to the terms, provisions and conditions of the
Agreement, to which Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
Pursuant
to the terms of the Agreement, a distribution will be made on the 25th day
of
each month or, if such 25th day is not a Business Day, the Business Day
immediately following (the Distribution Date”), commencing as described in the
Agreement, to the Person in whose name this Certificate is registered at the
close of business on the last Business Day of the month immediately preceding
the month of such Distribution Date (the “Record Date”), from the Available
Distribution Amount in an amount equal to the product of the Percentage Interest
evidenced by this Certificate and the amount of interest and principal, if
any,
required to be distributed to Holders of Class P Certificates on such
Distribution Date.
Distributions
on this Certificate will be made by the Securities Administrator either in
immediately available funds (by wire transfer or otherwise) for the account
of
the Person entitled thereto if such Person shall have so notified the Securities
Administrator and the Trustee at least 5 Business Days prior to the related
Record Date, or by check mailed to the address of the Person entitled thereto,
as such name and address shall appear on the Certificate Register.
Notwithstanding
the above, the final distribution on this Certificate will be made after due
notice of the pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency appointed by the
Securities Administrator for that purpose in the City of Minneapolis and State
of Minnesota. The Initial Certificate Principal Balance of this Certificate
is
set forth above. The Certificate Principal Balance hereof will be reduced to
the
extent of distributions allocable to principal.
This
Certificate is one of a duly authorized issue of Certificates issued in several
Classes designated as Asset-Backed Pass Through Certificates of the Series
specified hereon (herein collectively called the “Certificates”).
The
Certificates are limited in right of payment to certain collections and
recoveries respecting the Mortgage Loans, all as more specifically set forth
herein and in the Agreement. In the event Master Servicer funds are advanced
with respect to any Mortgage Loan, such advance is reimbursable to the Master
Servicer, to the extent provided in the Agreement, from related recoveries
on
such Mortgage Loan or from other cash that would have been distributable to
Certificateholders.
As
provided in the Agreement, withdrawals from the Custodial Account and/or the
Certificate Account created for the benefit of Certificateholders may be made
by
the Master Servicer from time to time for purposes other than distributions
to
Certificateholders, such purposes including without limitation reimbursement
to
the Trustee, the Depositor and the Master Servicer of advances made, or certain
expenses incurred, by either of them.
No
transfer of a Certificate of this Class shall be made unless such transfer
is
made pursuant to an effective registration statement under the Act and any
applicable state securities laws or is exempt from the registration requirements
under said Act and such laws. In the event that a transfer is to be made in
reliance upon an exemption from the Act and such laws, in order to assure
compliance with the Act and such laws, the Certificateholder desiring to effect
such transfer and such Certificateholder’s prospective transferee shall each
certify to the Securities Administrator, the Trustee and the Depositor in
writing the facts surrounding the transfer. In the event that such a transfer
is
not to be made pursuant to Rule 144A of the Act, there shall be delivered to
the
Securities Administrator, the Trustee and the Depositor an Opinion of Counsel
that such transfer may be made pursuant to an exemption from the Act, which
Opinion of Counsel shall not be obtained at the expense of the Securities
Administrator, the Trustee, the Master Servicer or the Depositor; or there
shall
be delivered to the Securities Administrator, the Trustee and the Depositor
a
transferor certificate by the transferor and an investment letter shall be
executed by the transferee. The Holder hereof desiring to effect such transfer
shall, and does hereby agree to, indemnify the Securities Administrator, the
Trustee and the Depositor against any liability that may result if the transfer
is not so exempt or is not made in accordance with such federal and state
laws.
No
transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
the
Code, any Person acting, directly or indirectly, on behalf of any such Plan
or
any person using Plan Assets to acquire this Certificate shall be made except
in
accordance with Section 5.02(c) of the Agreement.
The
Agreement permits, with certain exceptions therein provided, the amendment
of
the Agreement and the modification of the rights and obligations of the
Depositor, the Master Servicer and the Trustee and the rights of the
Certificateholders under the Agreement at any time by the Depositor, the Master
Servicer, the Trustee with the consent of the Holders of Certificates evidencing
in the aggregate not less than 66 2/3% of the Voting Rights of each Class of
Certificates affected thereby. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and upon all future
holders of this Certificate and of any Certificate issued upon the transfer
hereof or in exchange herefor or in lieu hereof whether or not notation of
such
consent is made upon the Certificate. The Agreement also permits the amendment
thereof in certain circumstances without the consent of the Holders of any
of
the Certificates and, in certain additional circumstances, without the consent
of the Holders of certain Classes of Certificates.
As
provided in the Agreement and subject to certain limitations therein set forth,
the transfer of this Certificate is registrable with the Securities
Administrator upon surrender of this Certificate for registration of transfer
at
the offices or agencies maintained by the Securities Administrator, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Securities
Administrator duly executed by the Holder hereof or such Holder’s attorney duly
authorized in writing, and thereupon one or more new Certificates of authorized
denominations evidencing the same Class and aggregate Percentage Interest will
be issued to the designated transferee or transferees.
The
Certificates are issuable only as registered Certificates without coupons in
Classes and in denominations specified in the Agreement. As provided in the
Agreement and subject to certain limitations therein set forth, Certificates
are
exchangeable for new Certificates of authorized denominations evidencing the
same Class and aggregate Percentage Interest, as requested by the Holder
surrendering the same.
No
service charge will be made for any such registration of transfer or exchange,
but the Securities Administrator or the Trustee may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection
therewith.
The
Depositor, the Master Servicer, the Securities Administrator, the Servicer
and
the Trustee and any agent of the Depositor, the Master Servicer, the Securities
Administrator, the Servicer or the Trustee may treat the Person in whose name
this Certificate is registered as the owner hereof for all purposes, and neither
the Depositor, the Master Servicer, the Securities Administrator, the Servicer,
the Trustee nor any such agent shall be affected by notice to the
contrary.
This
Certificate shall be governed by and construed in accordance with the laws
of
the State of New York.
The
obligations created by the Agreement in respect of the Certificates and the
Trust Fund created thereby shall terminate upon the payment to
Certificateholders of all amounts held by or on behalf of the Trustee and
required to be paid to them pursuant to the Agreement following the earlier
of
(i) the purchase by the Servicer or its designee or the Master Servicer from
the
Trust Fund of all remaining Mortgage Loans and each REO Property in respect
thereof remaining in the Trust Fund, thereby effecting early retirement of
the
Certificates and (ii) the final payment or other liquidation (or any Advance
with respect thereto) of the last Mortgage Loan remaining in the Trust Fund
(or
the disposition of all REO Property in respect thereof). The Agreement permits,
but does not require, the Servicer or the Master Servicer to purchase at a
price
determined as provided in the Agreement all remaining Mortgage Loans and all
REO
Property; provided, that any such option may only be exercised on or after
the
first Distribution Date on which the aggregate unpaid balance of the Mortgage
Loans is less than or equal to ten percent of the aggregate Stated Principal
Balance of the Mortgage Loans as of the Cut off Date with respect to a purchase
by the Servicer, or on or after the first Distribution Date on which the
aggregate unpaid principal balance of the Mortgage Loans is less than or equal
to five percent of the aggregate Stated Principal Balance of the Mortgage Loans
as of the Cut-off Date with respect to a purchase by the Master
Servicer.
Unless
the certificate of authentication hereon has been executed by the Securities
Administrator, by manual signature, this Certificate shall not be entitled
to
any benefit under the Agreement or be valid for any purpose.
IN
WITNESS WHEREOF, the Securities Administrator has caused this Certificate to
be
duly executed.
Dated:
June 26, 2006
|
XXXXX
FARGO BANK,
N.A.,
as
Securities Administrator
|
|
|
|
|
By: | ||
|
||
Authorized
Signatory
|
CERTIFICATE
OF AUTHENTICATION
This
is
one of the Certificates referred to in the within-mentioned
Agreement.
|
XXXXX
FARGO BANK,
N.A.,
as
Securities Administrator
|
|
|
|
|
By: | ||
|
||
Authorized
Signatory
|
ASSIGNMENT
FOR
VALUE
RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s)
unto
(Please
print or typewrite name and address including postal zip code of
assignee)
a
Percentage Interest evidenced by the within Asset-Backed Pass-Through
Certificate and hereby authorizes the transfer of registration of such
interest
to assignee on the Certificate Register of the Trust Fund.
I
(We)
further direct the Certificate Registrar to issue a new Certificate of
a like
denomination and Class, to the above named assignee and deliver such
Certificate
to the following address:
Dated:_______________________ | ||
Signature
by or on behalf of assignor
|
||
Signature
Guaranteed
|
The
assignee should include the following for purposes of distribution:
Distributions
shall be made, by wire transfer or otherwise, in immediately available funds
to
___________________________________for the account of __________________
account
number _______________, or, if mailed by check, to ________________________.
Applicable statements should be mailed
to____________________________________________.
This
information is provided by __________________, the assignee named above,
or
________________, as its agent.
EXHIBIT
B-4
FORM
OF
CLASS R CERTIFICATE
THIS
CERTIFICATE MAY NOT BE HELD BY OR TRANSFERRED TO A NON-UNITED STATES PERSON
OR A
DISQUALIFIED ORGANIZATION (AS DEFINED BELOW).
SOLELY
FOR U S FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “RESIDUAL
INTEREST” IN ONE OR MORE “REAL ESTATE MORTGAGE INVESTMENT CONDUITS” AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL
REVENUE CODE OF 1986 (THE “CODE”).
NO
TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE
PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 5.02 OF THE POOLING AND
SERVICING AGREEMENT OR AN OPINION OF COUNSEL SATISFACTORY TO THE SECURITIES
ADMINISTRATOR THAT THE PURCHASE OF THIS CERTIFICATE IS PERMISSIBLE UNDER
APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT IN A NON-EXEMPT PROHIBITED
TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
OF
1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE
MASTER SERVICER, THE SECURITIES ADMINISTRATOR, THE DEPOSITOR OR THE TRUSTEE
TO
ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING
AND
SERVICING AGREEMENT (THE “AGREEMENT”).
THIS
CLASS R CERTIFICATE HAS NO PRINCIPAL BALANCE, DOES NOT BEAR INTEREST AND WILL
NOT RECEIVE ANY DISTRIBUTIONS EXCEPT AS PROVIDED HEREIN.
ANY
RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
IF
THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE MASTER SERVICER,
THE SECURITIES ADMINISTRATOR AND THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT
(A)
THE UNITED STATES, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN
GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY
OF
ANY OF THE FOREGOING, (B) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED
IN SECTION 521 OF THE CODE) WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER
1 OF
THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION
511
OF THE CODE, (C) ANY, ORGANIZATION DESCRIBED IN SECTION 1381(a)(2)(C) OF THE
CODE, (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A), (B) OR (C) BEING
HEREIN REFERRED TO AS A “DISQUALIFIED ORGANIZATION”) OR (D) AN AGENT OF A
DISQUALIFIED ORGANIZATION, (2) NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE
ASSESSMENT OR COLLECTION OF TAX AND (3) SUCH TRANSFEREE SATISFIES CERTAIN
ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE PROPOSED
TRANSFEREE. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OR
ANY
TRANSFER, SALE OR, OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED
ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION
SHALL
BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL
NOT, BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING,
BUT NOT, LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH
HOLDER OF THIS CERTIFICATE BY ACCEPTANCE OF THIS CERTIFICATE SHALL BE DEEMED
TO
HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH.
Certificate
No. 1
|
|
Class
R
|
|
Date
of Pooling and, Servicing
Agreement
and Cut-off Date:
June
1, 2006
|
Percentage
Interest: 100%
|
First
Distribution Date:
July
25, 2006
|
|
Master
Servicer:
Xxxxx
Fargo Bank, N.A.
|
|
Assumed
Final Distribution Date:
July
25, 2036
|
ASSET-BACKED
PASS-THROUGH CERTIFICATE
SERIES
2006-2
evidencing
a percentage interest in any distributions allocable to the Class R Certificates
with respect to the Trust Fund consisting primarily of a pool of one- to
four-family, adjustable-rate, first lien mortgage loans sold by OPTEUM MORTGAGE
ACCEPTANCE CORPORATION
This
Certificate is payable solely from the assets of the Trust Fund, and does not
represent an obligation of or interest in Opteum Mortgage Acceptance
Corporation, the Master Servicer, the Servicer, the Seller, the Securities
Administrator, the Trustee referred to below or any of their affiliates. Neither
this Certificate nor the underlying Mortgage Loans are guaranteed or insured
by
any governmental agency or instrumentality or by Opteum Mortgage Acceptance
Corporation, the Master Servicer, the Servicer, the Seller, the Securities
Administrator, the Trustee or any of their affiliates. None of Opteum Mortgage
Acceptance Corporation, the Master Servicer, the Servicer, the Seller, the
Securities Administrator or any of their affiliates will have any obligation
with respect to any certificate or other obligation secured by or payable from
payments on the Certificates.
This
certifies that Opteum Financial Services, LLC is the registered owner of the
Percentage Interest evidenced by this Certificate in certain distributions
with
respect to the Trust Fund consisting primarily of an interest in a pool of
one-
to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage
Loans”), sold by Opteum Mortgage Acceptance Corporation (hereinafter called the
“Depositor,” which term includes any successor entity under the Agreement
referred to below). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as specified above (the “Agreement”) among the
Depositor, the Master Servicer, the Securities Administrator and HSBC Bank
USA,
National Association as trustee (the “Trustee”), a summary of certain of the
pertinent provisions of which is set forth hereafter. To the extent not defined
herein, the capitalized terms used herein have the meanings assigned in the
Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound.
Pursuant
to the terms of the Agreement, a distribution will be made on the 25th day
of
each month or, if such 25th day is not a Business Day, the Business Day
immediately following (the Distribution Date”), commencing as described in the
Agreement, to the Person in whose name this Certificate is registered at the
close of business on the last Business Day of the month immediately preceding
the month of such Distribution Date (the “Record Date”), from the Available
Distribution Amount in an amount equal to the product of the Percentage Interest
evidenced by this Certificate and the amount of interest and principal, if
any,
required to be distributed to Holders of Class R Certificates on such
Distribution Date.
Each
Holder of this Certificate will be deemed to have agreed to be bound by the
restrictions set forth in the Agreement to the effect that (i) each person
holding or acquiring any Ownership Interest in this Certificate must be a United
States Person and a Permitted Transferee, (ii) the transfer of any Ownership
Interest in this Certificate will be conditioned upon the delivery to the
Securities Administrator and the Trustee of, among other things, an affidavit
to
the effect that it is a United States Person and Permitted Transferee, (iii)
any
attempted or purported transfer of any Ownership Interest in this Certificate
in
violation of such restrictions will be absolutely null and void and will vest
no
rights in the purported transferee, and (iv) if any person other than a United
States Person and a Permitted Transferee acquires any Ownership Interest in
this
Certificate in violation of such restrictions, then the Depositor will have
the
right, in its sole discretion and without notice to the Holder of this
Certificate, to sell this Certificate to a purchaser selected by the Depositor,
which purchaser may be the Depositor, or any affiliate of the Depositor, on
such
terms and conditions as the Depositor may choose.
Notwithstanding
the above, the final distribution on this Certificate will be made after due
notice of the pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency appointed by the
Securities Administrator for that purpose in the City of Minneapolis and State
of Minnesota.
In
connection with any transfer of this Certificate, the Securities Administrator
will also require either (i) an Opinion of Counsel acceptable to and in form
and
substance satisfactory to the Securities Administrator with respect to the
permissibility of such transfer under the Employee Retirement Income Security
Act of 1974, as amended (“ERISA”) and Section 4975 of the Internal Revenue Code
of 1986 (the “Code”) and stating, among other things, that the transferee’s
acquisition of a Class R Certificate will not constitute or result in a
non-exempt prohibited transaction under Section 406 of ERISA or Section 4975
of
the Code and will not subject the Master Servicer, the Securities Administrator,
the Trustee or the Depositor to any obligation in addition to those undertaken
in the Agreement or (ii) a representation letter, in the form as described
by
the Agreement, stating that the transferee is not an employee benefit or other
plan subject to the prohibited transaction provisions of ERISA or Section 4975
of the Code (a “Plan”), or any other person (including an investment manager, a
named fiduciary or a trustee of any Plan) acting, directly or indirectly, on
behalf of or purchasing this Certificate with “plan assets” of any
Plan.
This
Certificate is one of a duly authorized issue of Certificates issued in several
Classes designated as Asset-Backed Pass Through Certificates of the Series
specified hereon (herein collectively called the “Certificates”).
The
Certificates are limited in right of payment to certain collections and
recoveries respecting the Mortgage Loans, all as more specifically set forth
herein and in the Agreement. In the event Master Servicer funds are advanced
with respect to any Mortgage Loan, such advance is reimbursable to the Master
Servicer, to the extent provided in the Agreement, from related recoveries
on
such Mortgage Loan or from other cash that would have been distributable to
Certificateholders.
As
provided in the Agreement, withdrawals from the Custodial Account and/or the
Certificate Account created for the benefit of Certificateholders may be made
by
the Master Servicer from time to time for purposes other than distributions
to
Certificateholders, such purposes including without limitation reimbursement
to
the Trustee, the Depositor and the Master Servicer of advances made, or certain
expenses incurred, by either of them.
The
Agreement permits, with certain exceptions therein provided, the amendment
of
the Agreement and the modification of the rights and obligations of the
Depositor, the Master Servicer, the Securities Administrator, the Trustee and
the rights of the Certificateholders under the Agreement at any time by the
Depositor, the Master Servicer, the Securities Administrator and the Trustee
with the consent of the Holders of Certificates evidencing in the aggregate
not
less than 66 2/3% of the Voting Rights of each Class of Certificates affected
thereby. Any such consent by the Holder of this Certificate shall be conclusive
and binding on such Holder and upon all future holders of this Certificate
and
of any Certificate issued upon the transfer hereof or in exchange herefor or
in
lieu hereof whether or not notation of such consent is made upon the
Certificate. The Agreement also permits the amendment thereof in certain
circumstances without the consent of the Holders of any of the Certificates
and,
in certain additional circumstances, without the consent of the Holders of
certain Classes of Certificates.
As
provided in the Agreement and subject to certain limitations therein set forth,
the transfer of this Certificate is registrable with the Securities
Administrator upon surrender of this Certificate for registration of transfer
at
the offices or agencies maintained by the Securities Administrator, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Securities
Administrator duly executed by the Holder hereof or such Holder’s attorney duly
authorized in writing, and thereupon one or more new Certificates of authorized
denominations evidencing the same Class and aggregate Percentage Interest will
be issued to the designated transferee or transferees.
The
Certificates are issuable only as registered Certificates without coupons in
Classes and in denominations specified in the Agreement. As provided in the
Agreement and subject to certain limitations therein set forth, Certificates
are
exchangeable for new Certificates of authorized denominations evidencing the
same Class and aggregate Percentage Interest, as requested by the Holder
surrendering the same.
No
service charge will be made for any such registration of transfer or exchange,
but the Securities Administrator or the Trustee may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection
therewith.
The
Depositor, the Master Servicer, the Securities Administrator, the Servicer
and
the Trustee and any agent of the Depositor, the Master Servicer, the Securities
Administrator, the Servicer or the Trustee may treat the Person in whose name
this Certificate is registered as the owner hereof for all purposes, and neither
the Depositor, the Master Servicer, the Securities Administrator, the Servicer,
the Trustee nor any such agent shall be affected by notice to the
contrary.
This
Certificate shall be governed by and construed in accordance with the laws
of
the State of New York.
The
obligations created by the Agreement in respect of the Certificates and the
Trust Fund created thereby shall terminate upon the payment to
Certificateholders of all amounts held by or on behalf of the Trustee and
required to be paid to them pursuant to the Agreement following the earlier
of
(i) the purchase by the Servicer or its designee or the Master Servicer from
the
Trust Fund of all remaining Mortgage Loans and each REO Property in respect
thereof remaining in the Trust Fund, thereby effecting early retirement of
the
Certificates and (ii) the final payment or other liquidation (or any Advance
with respect thereto) of the last Mortgage Loan remaining in the Trust Fund
(or
the disposition of all REO Property in respect thereof). The Agreement permits,
but does not require, the Servicer or the Master Servicer to purchase at a
price
determined as provided in the Agreement all remaining Mortgage Loans and all
REO
Property; provided, that any such option may only be exercised on or after
the
first Distribution Date on which the aggregate unpaid balance of the Mortgage
Loans is less than or equal to ten percent of the aggregate Stated Principal
Balance of the Mortgage Loans as of the Cut off Date with respect to a purchase
by the Servicer, or on or after the first Distribution Date on which the
aggregate unpaid principal balance of the Mortgage Loans is less than or equal
to five percent of the aggregate Stated Principal Balance of the Mortgage Loans
as of the Cut-off Date with respect to a purchase by the Master
Servicer.
Reference
is hereby made to the further provisions of this Certificate set forth on the
reverse hereof, which further provisions shall for all purpose have the same
effect as if set forth at this place.
Unless
the certificate of authentication hereon has been executed by the Securities
Administrator, by manual signature, this Certificate shall not be entitled
to
any benefit under the Agreement or be valid for any purpose.
IN
WITNESS WHEREOF, the Securities Administrator has caused this Certificate to
be
duly executed.
Dated:
June 26, 2006
|
XXXXX
FARGO BANK,
N.A.,
as
Securities Administrator
|
|
|
|
|
By: | ||
|
||
Authorized
Signatory
|
CERTIFICATE
OF AUTHENTICATION
This
is
one of the Certificates referred to in the within-mentioned
Agreement.
|
XXXXX
FARGO BANK,
N.A.,
as
Securities Administrator
|
|
|
|
|
By: | ||
|
||
Authorized
Signatory
|
ASSIGNMENT
FOR
VALUE
RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s)
unto
(Please
print or typewrite name and address including postal zip code of
assignee)
a
Percentage Interest evidenced by the within Asset-Backed Pass-Through
Certificate and hereby authorizes the transfer of registration of such
interest
to assignee on the Certificate Register of the Trust Fund.
I
(We)
further direct the Certificate Registrar to issue a new Certificate
of a like
denomination and Class, to the above named assignee and deliver such
Certificate
to the following address
Dated:_______________________ | ||
Signature
by or on behalf of assignor
|
The
assignee should include the following for purposes of distribution:
Distributions
shall be made, by wire transfer or otherwise, in immediately available
funds to
___________________________________for the account of __________________
account
number _______________, or, if mailed by check, to ________________________.
Applicable statements should be mailed
to____________________________________________.
This
information is provided by __________________, the assignee named above,
or
________________, as its agent.
EXHIBIT
C
FORM
OF
CUSTODIAN INITIAL CERTIFICATION
June
26,
2006
HSBC
Bank USA, National Association
000
Xxxxx Xxxxxx
Xxx
Xxxx, Xxx Xxxx 00000
|
Opteum
Mortgage Acceptance Corporation
W.
000 Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000
|
Attention:
Opteum Mortgage Acceptance Corporation,
OMAC
Mortgage Trust 2006-2, Asset-Backed Pass-Through Certificates, Series
2006-2
Re: Custodial
Agreement, dated as of June 26, 2006, by and among HSBC Bank USA, National
Association, Opteum Mortgage Acceptance Corporation, Xxxxx Fargo Bank, N.A.
and
X.X. Xxxxxx Trust Company, National Association relating, to OMAC Mortgage
Trust
2006-2, Asset-Backed
Pass-Through Certificates, Series 2006-2
Ladies
and Gentlemen:
In
accordance with Section 2.5 of the above captioned Custodial Agreement and
subject to Section 2.02 of the Pooling and Servicing Agreement, dated as of
June
1, 2006 (the “Pooling and Servicing Agreement”), among Opteum Mortgage
Acceptance Corporation, HSBC Bank USA, National Association, and Xxxxx Fargo
Bank, N.A., the undersigned, as custodian (the “Custodian”), hereby certifies
that as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than
any Mortgage Loan paid in full or listed on the attachment hereto) it has
reviewed the Mortgage File, and has determined that: (1) the documents listed
in
Section 2.01(i)-(iii) of the Pooling and Servicing Agreement required to be
included in the Mortgage File are in its possession and (2) such documents
have
been reviewed by it and appear regular on their face and relate to such Mortgage
Loan.
The
Custodian has made no independent examination of any documents contained in
each
Mortgage File beyond the review specifically required in the above-referenced
Custodial and Pooling and Servicing Agreements. The Custodian makes no
representations as to and shall not be responsible to verify: (i) the validity,
legality, sufficiency, enforceability, due authorization, recordability or
genuineness of any of the documents contained in each Mortgage File of any
of
the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) the
collectability, insurability, effectiveness or suitability of any such Mortgage
Loan, or (iii) the existence of any assumption, modification, written assurance
or substitution agreement with respect to any Mortgage File if no such documents
appear in the Mortgage File delivered to the Custodian.
Capitalized
words and phrases used herein shall have the respective meanings assigned to
them in the above-captioned Custodial Agreement.
X.X.
XXXXXX TRUST COMPANY,
NATIONAL
ASSOCIATION, as Custodian
|
||
|
|
|
By: | ||
|
||
Name:
Title:
|
EXHIBIT
D
FORM
OF
CUSTODIAN FINAL CERTIFICATION
_____________,
20__
HSBC
Bank USA, National Association
000
Xxxxx Xxxxxx
Xxx
Xxxx, Xxx Xxxx 00000
|
Opteum
Mortgage Acceptance Corporation
W.
000 Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000
|
Attention:
Opteum Mortgage Acceptance Corporation,
OMAC
Mortgage Trust 2006-2, Asset-Backed Pass-Through Certificates, Series
2006-2
Re:Custodial
Agreement, dated as of June 26, 2006, by and among HSBC Bank USA, National
Association, Opteum Mortgage Acceptance Corporation, Xxxxx Fargo Bank, N.A.
and
X.X. Xxxxxx Trust Company, National Association, relating to OMAC Mortgage
Trust
2006-2, Asset-Backed
Pass-Through Certificates, Series 2006-2
Ladies
and Gentlemen:
In
accordance with Section 2.5 of the above-captioned Custodial Agreement and
subject to Section 2.02 of the Pooling and Servicing Agreement, the undersigned,
as Custodian, hereby certifies that it has received a Mortgage File with respect
to each Mortgage Loan listed in the Mortgage Loan Schedule containing with
respect to each Mortgage Loan:
(i) the
original Mortgage Note (including all riders thereto) bearing all intervening
endorsements necessary to show a complete chain of endorsements from the
original payee, endorsed “Pay to the order of HSBC Bank USA, National
Association without recourse”, via original signature, and, if previously
endorsed, signed in the name of the last endorsee by a duly qualified officer
of
the last endorsee. If the Mortgage Loan was acquired by the last endorsee in
a
merger, the endorsement must be by “[name of last endorsee], successor by merger
to [name of the predecessor].” If the Mortgage Loan was acquired or originated
by the last endorsee while doing business under another name, the endorsement
must be by “[name of last endorsee], formerly known as [previous
name].”;
(ii) The
original recorded Mortgage, noting the presence of the MIN of the Mortgage
Loan
and either language indicating that the Mortgage Loan is a MOM loan or if the
Mortgage Loan was not a MOM loan at origination, the original Mortgage and
the
assignment thereof to MERS, with evidence of recording indicated thereon;
provided that if such document is not included because of a delay by the public
recording office where such document has been delivered for recordation or
such
office as a matter of policy does not return the original of such document
or if
such original Mortgage has been lost, the Seller shall include or cause to
be
included a copy thereof certified by the appropriate recording office, if
available;
(iii) the
original Assignment of Mortgage in blank, in form and substance acceptable
for
recordation in the jurisdiction in which the related mortgage property is
located and signed in the name of the Last Endorsee by an authorized officer;
unless the Mortgage Loan is registered on the MERS system;
(iv) The
original intervening Assignments, if any and if available, with evidence of
recording thereon, showing an unbroken chain of title to the Mortgage from
the
originator thereof to Person assigning it to the Trustee (or to MERS, if the
Mortgage Loan is registered on the MERS® System); provided that if such document
is not included because of a delay by the public recording office where such
document has been delivered for recordation or such office as a matter of policy
does not return the original of such document, the Seller shall include or
cause
to be included a copy thereof certified by the appropriate recording office,
if
available;
(v) The
originals of each assumption, modification or substitution agreement, if any
and
if available, relating to the Mortgage Loan; and
(vi) the
original title insurance policy, or, if such policy has not been issued, any
one
of an original or a copy of the preliminary title report, title binder or title
commitment on the Mortgaged Property with the original policy of the insurance
to be delivered promptly following the receipt thereof;
Capitalized
words and phrases used herein shall have the respective meanings assigned to
them in the above-captioned Custodial Agreement or in the Pooling and Servicing
Agreement, as applicable.
X.X.
XXXXXX TRUST
COMPANY,
NATIONAL
ASSOCIATION,
as Custodian
|
||
|
|
|
By:_______________________________ | ||
Name:_____________________________
|
||
Title:______________________________
|
EXHIBIT
E
FORM
OF
REMITTANCE REPORT
[(Provided
Upon Request)]
EXHIBIT
F
FORM
OF
REQUEST FOR RELEASE
To:
|
HSBC
Bank USA, National Association
000
Xxxxx Xxxxxx
Xxx
Xxxx, Xxx Xxxx 00000
|
Re: |
Pooling
and Servicing Agreement, dated as of June 1, 2006, by and among HSBC
Bank
USA, National Association, Opteum Mortgage Acceptance Corporation
and
Xxxxx Fargo Bank, N.A. relating to OMAC Mortgage Trust 2006-2,
Asset-Backed Pass-Through
Certificates, Series 2006-2
|
In
connection with the administration of the Mortgage Loans held by you pursuant
to
the above-captioned Pooling and Servicing Agreement, we request the release,
and
hereby acknowledge receipt, of the Mortgage File for the Mortgage Loan described
below, for the reason indicated.
Mortgage
Loan Number:
Mortgagor
Name, Address & Zip Code:
Reason
for Requesting Documents (check one):
_____
|
1.
|
Mortgage
Paid in Full and proceeds have been deposited into the Custodial
Account
|
_____
|
2.
|
Foreclosure
|
_____
|
3.
|
Substitution
|
_____
|
4.
|
Other
Liquidation
|
_____
|
5.
|
Nonliquidation
|
Reason:_
|
_____
|
6.
|
California
Mortgage Loan paid in full
|
|
|
|
By: __________________________________________ | ||
(authorized
signer)
|
||
Issuer:
________________________________________
Address:
______________________________________
Date:__________________________________________
|
EXHIBIT
G-1
FORM
OF
INVESTOR REPRESENTATION LETTER
_____________,200__
Opteum
Mortgage Acceptance Corporation
W.
000
Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000
Xxxxx
Fargo Bank, N.A.
Xxxxx
Xxxxxx xxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx,
Xxxxxxxxx 00000
Attention:
Corporate Trust Services - Opteum 2006-2
Re: |
Opteum
Mortgage Acceptance Corporation
Asset-Backed Pass-Through
Certificates
Series 2006-2, Class
|
Ladies
and Gentlemen:
______________
(the “Purchaser”) intends to purchase from ______________ (the “Seller”)
$_________ Initial Certificate Principal Balance of Asset-Backed Pass-Through
Certificates, Series 2006-2, Class _____ (the “Certificates”), issued pursuant
to the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”),
dated as of June 1, 2006, among Opteum Mortgage Acceptance Corporation, as
depositor (the “Depositor”), Xxxxx Fargo Bank, N.A., as master servicer (in such
capacity, the “Master Servicer”) and as securities administrator (in such
capacity, the “Securities Administrator”), and HSBC Bank USA, National
Association, as trustee (the “Trustee”). All terms used herein and not otherwise
defined shall have the meanings set forth in the Pooling and Servicing
Agreement. The Purchaser hereby certifies, represents and warrants to, and
covenants with, the Depositor and the Securities Administrator
that:
1. The
Purchaser understands that (a) the Certificates have not been and will not
be
registered or qualified under the Securities Act of 1933, as amended (the “Act”)
or any state securities law, (b) the Depositor is not required to so register
or
qualify the Certificates, (c) the Certificates may be resold only if registered
and qualified pursuant to the provisions of the Act or any state securities
law,
or if an exemption from such registration and qualification is available, (d)
the Pooling and Servicing Agreement contains restrictions regarding the transfer
of the Certificates and (e) the Certificates will bear a legend to the foregoing
effect.
2. The
Purchaser is acquiring the Certificates for its own account for investment
only
and not with a view to or for sale in connection with any distribution thereof
in any manner that would violate the Act or any applicable state securities
laws.
3. The
Purchaser is (a) a substantial, sophisticated institutional investor having
such
knowledge and experience in financial and business matters, and, in particular,
in such matters related to securities similar to the Certificates, such that
it
is capable of evaluating the merits and risks of investment in the Certificates,
(b) able to bear the economic risks of such an investment and (c) an “accredited
investor” within the meaning of Rule 501 (a) promulgated pursuant to the
Act.
4. The
Purchaser has been furnished with, and has had an opportunity to review a copy
of the Pooling and Servicing Agreement and such other information concerning
the
Certificates, the Mortgage Loans and the Depositor as has been requested by
the
Purchaser from the Depositor or the Seller and is relevant to the Purchaser’s
decision to purchase the Certificates. The Purchaser has had any questions
arising from such review answered by the Depositor or the Seller to the
satisfaction of the Purchaser.
5. The
Purchaser has not and will not nor has it authorized or will it authorize any
person to (a) offer, pledge, sell, dispose of or otherwise transfer any
Certificate, any interest in any Certificate or any other similar security
to
any person in any manner, (b) solicit any offer to buy or to accept a pledge,
disposition of other transfer of any Certificate, any interest in any
Certificate or any other similar security from any person in any manner, (c)
otherwise approach or negotiate with respect to any Certificate, any interest
in
any Certificate or any other similar security with any person in any manner,
(d)
make any general solicitation by means of general advertising or in any other
manner or (e) take any other action, that (as to any of (a) through (e) above)
would constitute a distribution of any Certificate under the Act, that would
render the disposition of any Certificate a violation of Section 5 of the Act
or
any state securities law, or that would require registration or qualification
pursuant thereto. The Purchaser will not sell or otherwise transfer any of
the
Certificates, except in compliance with the provisions of the Pooling and
Servicing Agreement.
Very
truly
yours,
|
||
|
|
|
(Purchaser)
|
||
By:____________________________________________
Name:__________________________________________
Title:___________________________________________
|
EXHIBIT
G-2
FORM
OF
TRANSFEROR REPRESENTATION LETTER
______________,
200___
Opteum
Mortgage Acceptance Corporation
W.
000
Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000
Xxxxx
Fargo Bank, N.A.
Xxxxx
Xxxxxx xxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx,
Xxxxxxxxx 00000
Attention:
Corporate Trust Services - Opteum 2006-2
Re: |
Opteum
Mortgage Acceptance Corporation
Asset-Backed Pass-Through
Certificates,
Series 2006-2, Class
|
Ladies
and Gentlemen:
In
connection with the sale by ___________ (the “Seller”) to ________ (the
“Purchaser”) of $_________ Initial Certificate Principal Balance of Asset-Backed
Pass-Through Certificates, Series 2006-2, Class _____ (the “Certificates”),
issued pursuant to the Pooling and Servicing Agreement (the “Pooling and
Servicing Agreement”), dated as of June 1, 2006 among Opteum Mortgage Acceptance
Corporation, as depositor (the “Depositor”), Xxxxx Fargo Bank, N.A., as master
servicer (in such capacity, the “Master Servicer”) and as securities
administrator (in such capacity, the “Securities Administrator”), and HSBC Bank
USA, National Association, as trustee (the “Trustee”). The Seller hereby
certifies, represents and warrants to, and covenants with, the Depositor and
the
Securities Administrator that:
Neither
the Seller nor anyone acting on its behalf has (a) offered, pledged, sold,
disposed of or otherwise transferred any Certificate, any interest in any
Certificate or any other similar security to any person in any manner, (b)
has
solicited any offer to buy or to accept a pledge, disposition or other transfer
of any Certificate, any interest in any Certificate or any other similar
security from any person in any manner, (c) has otherwise approached or
negotiated with respect to any Certificate, any interest in any Certificate
or
any other similar security with any person in any manner, (d) has made any
general solicitation by means of general advertising or in any other manner,
or
(e) has taken any other action, that (as to any of (a) through (e) above) would
constitute a distribution of the Certificates under the Securities Act of 1933
(the “Act”), that would render the disposition of any Certificate a violation of
Section 5 of the Act or any state securities law, or that would require
registration or qualification pursuant thereto. The Seller will not act in
any
manner set forth in the foregoing sentence with respect to any Certificate.
The
Seller has not and will not sell or otherwise transfer any of the Certificates,
except in compliance with the provisions of the Pooling and Servicing
Agreement.
Very
truly
yours,
|
||
|
|
|
(Seller)
|
||
By:____________________________________________
Name:__________________________________________
Title:___________________________________________
|
EXHIBIT
G-3
FORM
OF
RULE 144A INVESTMENT REPRESENTATION
Description
of Rule 144A Securities, including numbers:
Opteum
Mortgage Acceptance Corporation
Asset-Backed
Pass-Through Certificates
SERIES
2006-2, CLASS ____, NO. ____
The
undersigned seller, as registered holder (the “Transferor”), intends to transfer
the Rule 144A Securities described above to the undersigned buyer (the
“Buyer”).
1 In
connection with such transfer and in accordance with the agreements pursuant
to
which the Rule 144A Securities were issued, the Transferor hereby certifies
the
following facts: Neither the Transferor nor anyone acting on its behalf has
offered, transferred, pledged, sold or otherwise disposed of the Rule 144A
Securities, any interest in the Rule 144A Securities or any other similar
security to, or solicited any offer to buy or accept a transfer, pledge or
other
disposition of the Rule 144A Securities, or otherwise approached or negotiated
with respect to the Rule 144A Securities, any interest in the Rule 144A
Securities or any other similar security with, any person in any manner, or
made
any general solicitation by means of general advertising or in any other manner,
or taken any other action, which would constitute a distribution of the Rule
144A Securities under the Securities Act of 1933, as amended (the “1933 Act”),
or which would render the disposition of the Rule 144A Securities a violation
of
Section 5 of the 1933 Act or require registration pursuant thereto, and that
the
Transferor has not offered the Rule 144A Securities to any person other than
the
Buyer or another “qualified institutional buyer” as defined in Rule 144A under
the 0000 Xxx.
2. The
Buyer
warrants and represents to, and covenants with, the Transferor, the Depositor,
the Securities Administrator and the Sponsor pursuant to Section 5.02 of the
Pooling and Servicing Agreement as follows:
a. The
Buyer
understands that the Rule 144A Securities have not been registered under the
1933 Act or the securities laws of any state.
b. The
Buyer
considers itself a substantial, sophisticated institutional investor having
such
knowledge and experience in financial and business matters that it is capable
of
evaluating the merits and risks of investment in the Rule 144A
Securities.
c. The
Buyer
has been furnished with all information regarding the Rule 144A Securities
that
it has requested from the Transferor, the Trustee or the Securities
Administrator.
d. Neither
the Buyer nor anyone acting on its behalf has offered, transferred, pledged,
sold or otherwise disposed of the Rule 144A Securities, any interest in the
Rule
144A Securities or any other similar security to, or solicited any offer to
buy
or accept a transfer, pledge or other disposition of the Rule 144A Securities,
any interest in the Rule 144A Securities or any other similar security from,
or
otherwise approached or negotiated with respect to the Rule 144A Securities,
any
interest in the Rule 144A Securities or any other similar security with, any
person in any manner, or made any general solicitation by means of general
advertising or in any other manner, or taken any other action, that would
constitute a distribution of the Rule 144A Securities under the 1933 Act or
that
would render the disposition of the Rule 144A Securities a violation of Section
5 of the 1933 Act or require registration pursuant thereto, nor will it act,
nor
has it authorized or will it authorize any person to act, in such manner with
respect to the Rule 144A Securities.
e. The
Buyer
is a “qualified institutional buyer” as that term is defined in Rule 144 under
the 1933 Act and has completed either of the forms of certification to that
effect attached hereto as Annex 1 or Annex 2. The Buyer is aware that the sale
to it is being made in reliance on Rule 144A. The Buyer is acquiring the Rule
144A Securities for its own account or the account of other qualified
institutional buyers, understands that such Rule 144 Securities may be resold,
pledged or transferred only (i) to a person reasonably believed to be a
qualified institutional buyer that purchases for its own account or for the
account of a qualified institutional buyer to whom notice is given that the
resale, pledge or transfer is being made in reliance on Rule 144A, or (ii)
pursuant to another exemption from registration under the 1933 Act.
3. The
Buyer
warrants and represents to, and covenants with, the Transferor, the Sponsor,
the
Securities Administrator and the Depositor that either (1) the Buyer is not
an
employee benefit plan within the meaning of Section 3(3) of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”) (“Plan”), or a plan
within the meaning of Section 4975(e)(1) of the Internal Revenue Code of 1986
(the “Code”) (also a “Plan”), and the Buyer is not directly or indirectly
purchasing the Rule 144A Securities on behalf of, as investment manager of,
as
named fiduciary of, as trustee of, or with assets of a Plan, or (2) the Buyer
has provided the Securities Administrator with the opinion letter required
by
section 5.02(c) of the Pooling and Servicing Agreement.
4. This
document may be executed in one or more counterparts and by the different
parties hereto on separate counterparts, each of which, when so executed, shall
be deemed to be an original; such counterparts, together, shall constitute
one
and the same document.
IN
WITNESS WHEREOF, each of the parties has executed this document as of the date
set forth below.
______________________________________________
Print
Name of Transferor
|
______________________________________________
Print
Name of Buyer
|
By:________________________________________________
Name:
Title:
|
By:_________________________________________________
Name:
Title:
|
Taxpayer
Identification:
No.________________________________________________
Date:_______________________________________________
|
Taxpayer
Identification:
No.__________________________________________________
Date:_________________________________________________
|
ANNEX
1 TO EXHIBIT G-3
QUALIFIED
INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For
Buyers Other Than Registered Investment Companies]
The
undersigned hereby certifies as follows in connection with the Rule 144A
Investment Representation to which this Certification is attached:
1.
As
indicated below, the undersigned is the President, Chief Financial Officer,
Senior Vice President or other executive officer of the Buyer.
2.
In
connection with purchases by the Buyer, the Buyer is a “qualified institutional
buyer” as that term is defined in Rule 144A under the Securities Act of 1933
(“Rule 144A”) because (i) the Buyer owned and/or invested on a discretionary
basis $____________________1
in
securities (except for the excluded securities referred to below) as of the
end
of the Buyer’s most recent fiscal year (such amount being calculated in
accordance with Rule 144A) and (ii) the Buyer satisfies the criteria in the
category marked below.
____
|
Corporation,
etc.
The Buyer is a corporation (other than a bank, savings and loan
association or similar institution), Massachusetts or similar business
trust, partnership, or charitable organization described in Section
501(c)(3) of the Internal Revenue
Code.
|
____
|
Bank.
The Buyer (a) is a national bank or banking institution organized
under
the laws of any State, territory or the District of Columbia, the
business
of which is substantially confined to banking and is supervised by
the
State or territorial banking commission or similar official or is
a
foreign bank or equivalent institution, and (b) has an audited net
worth
of at least $25,000,000 as demonstrated in its latest annual financial
statement, a copy of which is attached
hereto.
|
____
|
Savings
and Loan.
The Buyer (a) is a savings and loan association, building and loan
association, cooperative bank, homestead association or similar
institution, which is supervised and examined by a State or Federal
authority having supervision over any such institutions or is a foreign
savings and loan association or equivalent institution and (b) has
an
audited net worth of at least $25,000,000 as demonstrated in its
latest
annual financial statements.
|
____
|
Broker-dealer.
The Buyer is a dealer registered pursuant to Section 15 of the Securities
Exchange Act of 1934.
|
____
|
Insurance
Company.
The Buyer is an insurance company whose primary and predominant business
activity is the writing of insurance or the reinsuring of risks
underwritten by insurance companies and which is subject to supervision
by
the insurance commissioner or a similar official or agency of a State,
territory or the District of
Columbia.
|
____
|
State
or Local Plan.
The Buyer is a plan established and maintained by a State, its political
subdivisions, or any agency or instrumentality of the State or its
political subdivisions, for the benefit of its
employees.
|
____
|
ERISA
Plan.
The Buyer is an employee benefit plan within the meaning of Title
I of the
Employee Retirement Income Security Act of 1974, as
amended.
|
____
|
Investment
Adviser.
The Buyer is an investment adviser registered under the Investment
Advisers Act of 1940.
|
____
|
SBIC.
The Buyer is a Small Business Investment Company licensed by the
U.S.
Small Business Administration under Section 301(c) or (d) of the
Small
Business Investment Act of 1958.
|
____
|
Business
Development Company.
The Buyer is a business development company as defined in Section
202(a)(22) of the Investment Advisers Act of
1940.
|
____
|
Trust
Fund.
The Buyer is a trust fund whose trustee is a bank or trust company
and
whose participants are exclusively (a) plans established and maintained
by
a State, its political subdivisions, or any agency or instrumentality
of
the State or its political subdivisions, for the benefit of its employees,
or (b) employee benefit plans within the meaning of Title I of the
Employee Retirement Income Security Act of 1974, but is not a trust fund
that includes as participants individual retirement accounts or H.R.
10
plans.
|
3.
The
term “securities”
as used
herein does
not include
(i)
securities of issuers that are affiliated with the Buyer, (ii) securities that
are part of an unsold allotment to or subscription by the Buyer, if the Buyer
is
a dealer, (iii) bank deposit notes and certificates of deposit, (iv) loan
participations, (v) repurchase agreements, (vi) securities owned but subject
to
a repurchase agreement and (vii) currency, interest rate and commodity
swaps.
4.
For
purposes of determining the aggregate amount of securities owned and/or invested
on a discretionary basis by the Buyer, the Buyer used the cost of such
securities to the Buyer and did not include any of the securities referred
to in
the preceding paragraph. Further, in determining such aggregate amount, the
Buyer may have included securities owned by subsidiaries of the Buyer, but
only
if such subsidiaries are consolidated with the Buyer in its financial statements
prepared in accordance with generally accepted accounting principles and if
the
investments of such subsidiaries are managed under the Buyer’s direction.
However, such securities were not included if the Buyer is a majority-owned,
consolidated subsidiary of another enterprise and the Buyer is not itself a
reporting company under the Securities Exchange Act of 1934.
5.
The
Buyer acknowledges that it is familiar with Rule 144A and understands that
the
seller to it and other parties related to the Certificates are relying and
will
continue to rely on the statements made herein because one or more sales to
the
Buyer may be in reliance on Rule 144A.
___ | ___ | Will the Buyer be purchasing the Rule 144A |
Yes | No | Securities only for the Buyer’s own account? |
6.
If the
answer to the foregoing question is “no”, the Buyer agrees that, in connection
with any purchase of securities sold to the Buyer for the account of a third
party (including any separate account) in reliance on Rule 144A, the Buyer
will
only purchase for the account of a third party that at the time is a “qualified
institutional buyer” within the meaning of Rule 144A. In addition, the Buyer
agrees that the Buyer will not purchase securities for a third party unless
the
Buyer has obtained a current representation letter from such third party or
taken other appropriate steps contemplated by Rule 144A to conclude that such
third party independently meets the definition of “qualified institutional
buyer” set forth in Rule 144A.
7.
The
Buyer will notify each of the parties to which this certification is made of
any
changes in the information and conclusions herein. Until such notice is given,
the Buyer’s purchase of Rule 144A Securities will constitute a reaffirmation of
this certification as of the date of such purchase.
______________________________________
Print
Name of Buyer
|
|
By:_________________________________________
Name:
Title:
Date:________________________________________
|
ANNEX
2 TO EXHIBIT G-3
QUALIFIED
INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For
Buyers That Are Registered Investment Companies]
The
undersigned hereby certifies as follows in connection with the Rule 144A
Investment Representation to which this Certification is attached:
1.
As
indicated below, the undersigned is the President, Chief Financial Officer
or
Senior Vice President of the Buyer or, if the Buyer is a “qualified
institutional buyer” as that term is defined in Rule 144A under the Securities
Act of 1933 (“Rule 144A”) because Buyer is part of a Family of Investment
Companies (as defined below), is such an officer of the Adviser.
2.
In
connection with purchases by Buyer, the Buyer is a “qualified institutional
buyer” as defined in SEC Rule 144A because (i) the Buyer is an investment
company registered under the Investment Company Act of 1940, and (ii) as marked
below, the Buyer alone, or the Buyer’s Family of Investment Companies, owned at
least $100,000,000 in securities (other than the excluded securities referred
to
below) as of the end of the Buyer’s most recent fiscal year. For purposes of
determining the amount of securities owned by the Buyer or the Buyer’s Family of
Investment Companies, the cost of such securities was used.
____
|
The
Buyer owned $_______________ in securities (other than the excluded
securities referred to below) as of the end of the Buyer’s most recent
fiscal year (such amount being calculated in accordance with Rule
144A).
|
____
|
The
Buyer is part of a Family of Investment Companies which owned in
the
aggregate $____________ in securities (other than the excluded securities
referred to below) as of the end of the Buyer’s most recent fiscal year
(such amount being calculated in accordance with Rule
144A).
|
3.
The
term “Family
of Investment Companies”
as used
herein means two or more registered investment companies (or series thereof)
that have the same investment adviser or investment advisers that are affiliated
(by virtue of being majority owned subsidiaries of the same parent or because
one investment adviser is a majority owned subsidiary of the
other).
4.
The
term “securities”
as used
herein does not include (i) securities of issuers that are affiliated with
the
Buyer or are part of the Buyer’s Family of Investment Companies, (ii) bank
deposit notes and certificates of deposit, (iii) loan participations, (iv)
repurchase agreements, (v) securities owned but subject to a repurchase
agreement and (vi) currency, interest rate and commodity swaps.
5.
The
Buyer is familiar with Rule 144A and understands that each of the parties to
which this certification is made are relying and will continue to rely on the
statements made herein because one or more sales to the Buyer will be in
reliance on Rule 144A. In addition, the Buyer will only purchase for the Buyer’s
own account.
6.
The
undersigned will notify each of the parties to which this certification is
made
of any changes in the information and conclusions herein. Until such notice,
the
Buyer’s purchase of Rule 144A Securities will constitute a reaffirmation of this
certification by the undersigned as of the date of such purchase.
_____________________________________________ | ||
Print
Name of Buyer
|
||
|
|
|
By:__________________________________________ | ||
Name:
|
||
Title:
|
IF
AN ADVISER:
|
||
|
|
|
_____________________________________________ | ||
Print
Name of Buyer
|
||
Date:_________________________________________ |
_______________________________________
1 Buyer
must own and/or invest on a discretionary basis at least $100,000,000 in
securities unless Buyer is a dealer, and, in that case, Buyer must own
and/or
invest on a discretionary basis at least $10,000,000 in
securities.
EXHIBIT
G-4
FORM
OF
TRANSFEROR CERTIFICATE
FOR
TRANSFERS OF RESIDUAL CERTIFICATES
______________,
200__
Opteum
Mortgage Acceptance Corporation
W.
000
Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000
HSBC
Bank
USA, National Association
000
Xxxxx
Xxxxxx
Xxx
Xxxx,
Xxx Xxxx 00000
Attention:
Opteum Mortgage Acceptance Corporation Series 2006-2
Xxxxx
Fargo Bank, N.A.
Xxxxx
Xxxxxx xxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx,
Xxxxxxxxx 00000
Attention:
Corporate Trust Services - Opteum 2006-2
Re:
|
Opteum
Mortgage Acceptance Corporation Asset-Backed
Pass-Through
Certificates, Series 2006-2,
Class R Certificates
|
Ladies
and Gentlemen:
This
letter is delivered to you in connection with the sale by ______________________
(the “Seller”) to ______________________ (the “Purchaser”) of a ____% Percentage
Interest in the Asset-Backed Pass-Through Certificates, Series 2006-2, Class
R
Certificates (the “Certificates”), issued pursuant to Section 5.02 of the
Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”) dated as
of June 1, 2006, among Opteum Mortgage Acceptance Corporation, as depositor
(the
“Depositor”), Xxxxx Fargo Bank, N.A., as master servicer (in
such
capacity, the “Master Servicer”)
and as
securities administrator (in such capacity, the “Securities Administrator”), and
HSBC Bank USA, National Association, as trustee (the “Trustee”). All terms used
herein and not otherwise defined shall have the meaning set forth in the Pooling
and Servicing Agreement. The Seller hereby certifies, represents and warrants
to, and covenants with, the Depositor and the Securities Administrator
that:
1. No
purpose of the Seller relating to the sale of the Certificates by the Seller
to
the Purchaser is or will be to impede the assessment or collection of any
tax.
2. The
Seller understands that the Purchaser has delivered to the Securities
Administrator a transfer affidavit and agreement in the form attached to the
Pooling and Servicing Agreement as Exhibit G-5. The Seller does not know or
believe that any representation contained therein is false.
3. The
Seller has at the time of the transfer conducted a reasonable investigation
of
the financial condition of the Purchaser as contemplated by Treasury Regulations
Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Seller
has
determined that the Purchaser has historically paid its debts as they have
become due and has found no significant evidence to indicate that the Purchaser
will not continue to pay its debts as they become due in the future. The Seller
understands that the transfer of the Certificates may not be respected for
United States income tax purposes (and the Seller may continue to be liable
for
United States income taxes associated therewith) unless the Seller has conducted
such an investigation.
4. The
Seller has no actual knowledge that the proposed Transferee is a Disqualified
Organization, an agent of a Disqualified Organization or a Non-United States
Person.
Very
truly
yours,
_________________________________________
(Seller)
|
||
|
|
|
By:_______________________________________ | ||
Name:_____________________________________ | ||
Title:______________________________________ |
EXHIBIT
G-5
FORM
OF
TRANSFER AFFIDAVIT AND AGREEMENT
FOR
TRANSFERS OF RESIDUAL CERTIFICATES
STATE OF | ) | |
ss.: | ||
COUNTY OF | ) |
___________________,
being first duly sworn, deposes, represents and warrants:
1. That
he/she is [Title of Officer] of [Name of Owner], a [savings institution]
[corporation] duly organized and existing under the laws of [the State of
__________] [the United States], (the “Owner”), (record or beneficial owner of
the Class R Certificates (the “Class R Certificates”) on behalf of which he/she
makes this affidavit and agreement). This Class R Certificates were issued
pursuant to the Pooling and Servicing Agreement (the “Pooling and Servicing
Agreement”) dated as of June 1, 2006, among Opteum Mortgage Acceptance
Corporation, as depositor, Xxxxx Fargo Bank, N.A., as master servicer (in such
capacity, the “Master Servicer”) and as securities administrator (in such
capacity, the “Securities Administrator”), and HSBC Bank USA, National
Association, as trustee (the “Trustee”).
2. That
the
Owner (i) is not and will not be a “disqualified organization” as of
_____________ [date of transfer] within the meaning of Section 860E(e)(5) of
the
Internal Revenue Code of 1986, as amended (the “Code”), (ii) will endeavor to
remain other than a disqualified organization for so long as it retains its
ownership interest in the Class R Certificates, and (iii) is acquiring the
Class
R Certificates for its own account or for the account of another Owner from
which it has received an affidavit and agreement in substantially the same
form
as this affidavit and agreement. (For this purpose, a “disqualified
organization” means the United States, any state or political subdivision
thereof, any agency or instrumentality of any of the foregoing (other than
an
instrumentality all of the activities of which are subject to tax and, except
for Xxxxxxx Mac, a majority of whose board of directors is not selected by
any
such governmental entity) or any foreign government, international organization
or any agency or instrumentality of such foreign government or organization,
any
rural electric or telephone cooperative, or any organization (other than certain
farmers’ cooperatives) that is generally exempt from federal income tax unless
such organization is subject to the tax on unrelated business taxable
income).
3. That
the
Owner is aware (i) of the tax that would be imposed on transfers of Class R
Certificates to disqualified organizations under the Code, that applies to
all
transfers of Class R Certificates after March 31, 1988; (ii) that such tax
would
be on the transferor, or, if such transfer is through an agent (which person
includes a broker, nominee or middleman) for a disqualified organization, on
the
agent; (iii) that the person otherwise liable for the tax shall be relieved
of
liability for the tax if the transferee furnishes to such person an affidavit
that the transferee is not a disqualified organization and, at the time of
transfer, such person does not have actual knowledge that the affidavit is
false; and (iv) that the Class R Certificates may be “noneconomic residual
interests” within the meaning of Treasury regulations promulgated pursuant to
the Code and that the transferor of a noneconomic residual interest will remain
liable for any taxes due with respect to the income on such residual interest,
unless no significant purpose of the transfer was to impede the assessment
or
collection of tax.
4. That
the
Owner is aware of the tax imposed on a “pass-through entity” holding Class R
Certificates if at any time during the taxable year of the pass-through entity
a
disqualified organization is the record holder of an interest in such entity.
(For this purpose, a “pass through entity” includes a regulated investment
company, a real estate investment trust or common trust fund, a partnership,
trust or estate, and certain cooperatives.)
5. That
the
Owner is aware that the Securities Administrator will not register the transfer
of any Class R Certificates unless the transferee, or the transferee’s agent,
delivers to it an affidavit and agreement, among other things, in substantially
the same form as this affidavit and agreement. The Owner expressly agrees that
it will not consummate any such transfer if it knows or believes that any of
the
representations contained in such affidavit and agreement are
false.
6. That
the
Owner has reviewed the restrictions set forth on the face of the Class R
Certificates and the provisions of Section 5.02(f) of the Pooling and Servicing
Agreement under which the Class R Certificates were issued (in particular,
clause (iii)(A) and (iii)(B) of Section 5.02(f) which authorize the Securities
Administrator to deliver payments to a person other than the Owner and negotiate
a mandatory sale by the Securities Administrator in the event the Owner holds
such Certificates in violation of Section 5.02(f)). The Owner expressly agrees
to be bound by and to comply with such restrictions and provisions.
7. That
the
Owner consents to any additional restrictions or arrangements that shall be
deemed necessary upon advice of counsel to constitute a reasonable arrangement
to ensure that the Class R Certificates will only be owned, directly or
indirectly, by an Owner that is not a disqualified organization.
8. The
Owner’s Taxpayer Identification Number is _____________________.
9. This
affidavit and agreement relates only to the Class R Certificates held by the
owner and not to any other holder of the Class R Certificates. The Owner
understands that the liabilities described herein relate only to the Class
R
Certificates.
10. That
no
purpose of the Owner relating to the transfer of any of the Class R Certificates
by the Owner is or will be to impede the assessment or collection of any
tax.
11. That
the
Owner has no present knowledge or expectation that it will be unable to pay
any
United States taxes owed by it so long as any of the Certificates remain
outstanding. In this regard, the Owner hereby represents to and for the benefit
of the person from whom it acquired the Class R Certificate that the Owner
intends to pay taxes associated with holding such Class R Certificate as they
become due, fully understanding that it may incur tax liabilities in excess
of
any cash flows generated by the Class R Certificate.
12. That
the
Owner has no present knowledge or expectation that it will become insolvent
or
subject to a bankruptcy proceeding for so long as any of the Class R
Certificates remain outstanding.
13. The
Owner
is a citizen or resident of the United States, a corporation, partnership or
other entity created or organized in, or under the laws of, the United States
or
any political subdivision thereof, provided that with respect to any partnership
or other entity treated as a partnership for United States federal income tax
purposes, all persons that own an interest in such partnership either directly
or through any entity that is not a corporation for United States federal income
tax purposes are required by the applicable operative agreement to be United
States Persons, or an estate or trust whose income from sources without the
United States is includible in gross income for United States federal income
tax
purposes regardless of its connection with the conduct of a trade or business
within the United States.
14. (a)
The
Certificates (i) are not being acquired by, and will not be transferred to,
any
employee benefit plan within the meaning of section 3(3) of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”), or other
retirement arrangement, including individual retirement accounts and annuities,
Xxxxx plans and bank collective investment funds and insurance company general
or separate accounts in which such plans, accounts or arrangements are invested,
that is subject to ERISA or Section 4975 of the Internal Revenue Code of 1986
(the “Code”) (any of the foregoing, a “Plan”), (ii) are not being acquired with
“plan assets” of a Plan within the meaning of the Department of Labor (“DOL”)
regulation, 29 C.F.R. § 2510.3-101 or otherwise under ERISA, and (iii) will not
be transferred to any entity that is deemed to be investing in plan assets
within the meaning of the DOL regulation, 29 C.F.R. § 2510.3-101 or otherwise
under ERISA; or
(b)
The
Owner will provide the Securities Administrator with an Opinion of Counsel,
as
specified in Section 5.02(c) of the Pooling and Servicing Agreement, acceptable
to and in form and substance satisfactory to the Securities Administrator to
the
effect that the purchase of Certificates is permissible under applicable law,
will not constitute or result in any non-exempt prohibited transaction under
ERISA or Section 4975 of the Code and will not subject the Trustee, the
Depositor, the Securities Administrator or the Master Servicer to any obligation
or liability (including obligations or liabilities under ERISA or Section 4975
of the Code) in addition to those undertaken in the Pooling and Servicing
Agreement.
In
addition, the Owner hereby certifies, represents and warrants to, and covenants
with, the Depositor, the Trustee, the Securities Administrator and the Master
Servicer that the Owner will not transfer such Certificates to any Plan or
person unless either such Plan or person meets the requirements set forth in
either (a) or (b) above.
Capitalized
terms used but not defined herein shall have the meanings assigned in the
Pooling and Servicing Agreement.
IN
WITNESS WHEREOF, the Owner has caused this instrument to be executed on its
behalf, by its [Title of Officer] and its corporate seal to be hereunto
attached, attested by its [Assistant] Secretary, this ______ day of
_____________, _____.
[NAME
OF
OWNER]
|
||
|
|
|
By: | ||
|
||
[Name
of Officer]
[Title
of Officer]
|
[Corporate
Seal]
ATTEST:
|
|||
[Assistant]
Secretary
|
Personally
appeared before me the above-named [Name of Officer], known or proved to me
to
be the same person who executed the foregoing instrument and to be the [Title
of
Officer] of the Owner, and acknowledged to me that such person executed the
same
as such person’s free act and deed and the free act and deed of the
Owner.
Subscribed
and sworn before me this ____ day of ___________, 200__.
_________________________________________
NOTARY
PUBLIC
COUNTY
OF_____________________________________
STATE
OF_______________________________________
My
Commission expires the ____ day of
__________,
200__.
|
EXHIBIT
H
MORTGAGE
LOAN SCHEDULE
PRODUCT LOANTYPE AMORTYPE LIEN SECMTGCD SECMTGBAL FICO FICODATE CITY COUNTYCD STATE ZIP ------- -------- -------- ---- -------- --------- ---- -------- ---- -------- ----- --- ALT_A HYBRID 2 YRS FIXED XXXXXXXX XXXX 0 X 0 000 / / Xxxxxxxxxx 197 IL 60544 ALT_A HYBRID 2 YRS FIXED XXXXXXXX XXXX 0 X 0 000 / / Xxxxxxxx 69 FL 34753 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 0 X 0 000 / / Xxxxxx Xxxx 53 FL 34609 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 N 0 612 / / Xxxxxxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED P AND I 1 N 0 612 / / Xxxxxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED P AND I 0 X 0 000 / / Xxxxxx Xxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED XXXXXXXX XXXX 0 X 0 000 / / Xxxxxxxxx 33 MD 20737 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 N 0 613 / / Xxxxxxx 3 NJ 7630 ALT_A HYBRID 2 YRS FIXED XXXXXXXX XXXX 0 X 0 000 / / Xxxxxx 3 NJ 7628 ALT_A HYBRID 2 YRS FIXED XXXXXXXX XXXX 0 X 0 000 / / Xxxxxxxx Area 37 CA 93591 ALT_A HYBRID 2 YRS FIXED X XXX X 0 X 0 000 / / Xxx Xxxxx 103 NY 11706 ALT_A HYBRID 2 YRS FIXED P AND I 0 X 0 000 / / Xxxxx Xxxxxxxxxx 103 NY 11701 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 Y 65998.4 613 / / Xxxxxxxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 0 X 0 000 / / Xxxxxx Xxxxx 59 CA 92843 ALT_A HYBRID 2 YRS FIXED P AND I 1 N 0 625 / / Xxxx Xxxxxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED P AND I 1 N 0 640 / / Chicago 31 IL 60638 ALT_A HYBRID 2 YRS FIXED P AND I 0 X 0 000 / / Xxxxxxxx Xxxxxxx 000 XX 00000 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 0 X 0 000 / / Xxxxxxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 N 0 629 / / Modesto 99 XX 00000 ALT_A HYBRID 2 YRS FIXED P AND I 1 N 0 591 / / Xxxxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED XXXXXXXX XXXX 0 X 0 000 / / Xxxxxx 29 CA 93215 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 725 / / Oxnard 000 XX 00000 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 N 0 604 / / Xxxx Xxxxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 0 X 0 000 / / Xxx Xxxxxxxxxx 71 CA 92410 ALT_A HYBRID 2 YRS FIXED P AND I 1 N 0 653 / / Xxxxxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED XXXXXXXX XXXX 0 X 0 000 / / Xxxxxxxx 71 CA 92301 ALT_A HYBRID 2 YRS FIXED P AND I 0 X 0 000 / / Xxx Xxxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 0 X 0 000 / / Xx Xxxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 Y 104000 657 / / Lemon Grove 73 CA 91945 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 Y 65000 696 / / Xxxxx Xxxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 N 0 608 / / Xxxxx Xxxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED XXXXXXXX XXXX 0 X 0 000 / / Xxxxxxx 71 XX 00000 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 0 X 0 000 / / Xx Xxxxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 N 0 613 / / Xxxxxxx Xxxx 00 XX 00000 ALT_A HYBRID 2 YRS FIXED XXXXXXXX XXXX 0 X 0 000 / / Xxxxxxx 37 CA 90650 ALT_A HYBRID 2 YRS FIXED XXXXXXXX XXXX 0 X 0 000 / / Xxxxxxxxx 37 CA 90302 ALT_A HYBRID 2 YRS FIXED P AND I 1 N 0 618 / / Downey 37 XX 00000 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 0 X 0 000 / / Xxx Xxxxxxx 00 XX 00000 ALT_A 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INTEREST ONLY 1 Y 97800 732 / / Whittier 37 CA 90606 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 712 / / Whittier 37 CA 90606 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 101000 665 / / WHITTIER 37 CA 90605 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 128000 665 / / Whittier 37 CA 90605 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 53000 721 / / Whittier Area 37 CA 90604 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 100000 671 / / Whittier 37 CA 90604 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 26000 686 / / WHITTIER 37 CA 90604 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 631 / / Whittier 37 CA 90601 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 86000 721 / / Torrance 37 CA 90504 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 119800 629 / / Santa Monica 37 CA 90404 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 760 / / Inglewood Area 37 CA 90304 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 693 / / Inglewood 37 CA 90304 ALT_A HYBRID 2 YRS FIXED P AND I 1 N 0 687 / / Inglewood 37 CA 90303 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 43500 705 / / Inglewood 37 CA 90302 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 N 0 634 / / Inglewood 37 CA 90301 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 684 / / Playa Del Rey 37 CA 90293 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 110000 660 / / South Gate 37 CA 90280 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 82000 738 / / South Gate 37 CA 90280 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 658 / / Redondo Beach 37 CA 90277 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 698 / / REDONDO BEACH 37 CA 90277 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 259995.5 625 / / Rancho Palos Verdes 37 CA 90275 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 Y 96000 698 / / Maywood 37 CA 90270 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 767 / / Manhattan Beach 37 CA 90266 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 699 / / Malibu 37 CA 90265 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 94400 729 / / Lynwood 37 CA 90262 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 103000 690 / / Lynwood 37 CA 90262 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 47900 705 / / Lawndale 37 CA 90260 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 172750 792 / / LAWNDALE 37 CA 90260 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 678 / / Huntington Park 37 CA 90255 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 665 / / Huntington Park 37 CA 90255 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 94000 640 / / Hawthorne 37 CA 90250 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 789 / / Hawthorne 37 CA 90250 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 669 / / Downey 37 CA 90242 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 108400 640 / / Downey 37 CA 90242 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 63400 685 / / Compton 37 CA 90221 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 648 / / Compton 37 CA 90220 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 75000 670 / / Compton 37 CA 90220 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 735 / / Los Angeles 37 CA 90077 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 680 / / Los Angeles 37 CA 90066 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 733 / / Los Angeles 37 CA 90064 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 85000 637 / / Los Angeles 37 CA 90063 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 667 / / Los Angeles 37 CA 90063 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 637 / / Los Angeles Area 37 CA 90061 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 686 / / Los Angeles 37 CA 90061 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 707 / / Los Angeles 37 CA 90047 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 33200 750 / / Los Angeles 37 CA 90047 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 96000 671 / / LOS ANGELES 37 CA 90047 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 649 / / Los Angeles Area 37 CA 90047 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 649 / / LOS ANGELES 37 CA 90045 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 66200 742 / / Athens Area 37 CA 90044 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 776 / / Los Angeles 37 CA 90043 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 626 / / Los Angeles 37 CA 90043 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 97000 621 / / Los Angeles 37 CA 90042 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 769 / / Los Angeles 37 CA 90042 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 643 / / Los Angeles 37 CA 90037 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 Y 145000 750 / / Los Angeles 37 CA 90034 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 100200 678 / / Los Angeles 37 CA 90032 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 83000 721 / / Los Angeles 37 CA 90032 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 59200 724 / / Los Angeles 37 CA 90032 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 89500 690 / / Los Angeles 37 CA 90026 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 Y 50000 732 / / LOS ANGELES 37 CA 90026 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 149800 778 / / LOS ANGELES 37 CA 90026 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 77500 729 / / Los Angeles 37 CA 90025 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 117800 688 / / LOS ANGELES 37 CA 90024 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 58500 672 / / Los Angeles 37 CA 90022 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 734 / / Los Angeles 37 CA 90019 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 N 0 753 / / Los Angeles 37 CA 90018 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 110000 711 / / Los Angeles 37 CA 90018 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 693 / / Los Angeles 37 CA 90018 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 54000 754 / / Los Angeles 37 CA 90018 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 682 / / LOS ANGELES 37 CA 90015 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 699 / / Los Angeles Area 37 CA 90011 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 698 / / Los Angeles 37 CA 90011 ALT_A HYBRID 3 YRS FIXED P AND I 1 Y 68997 640 / / LOS ANGELES 37 CA 90006 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 99000 716 / / Los Angeles 37 CA 90003 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 629 / / Los Angeles 37 CA 90003 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 81600 671 / / Los Angeles 37 CA 90003 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 130000 699 / / Los Angeles 37 CA 90003 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 77000 690 / / Los Angeles 37 CA 90002 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 643 / / Los Angeles 37 CA 90001 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 84000 791 / / Los Angeles 37 CA 90001 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 35000.35 667 / / LOS ANGELES 37 CA 90001 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 122118 669 / / Las Vegas 3 NV 89179 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 79951.97 661 / / Las Vegas 3 NV 89178 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 65551.6 663 / / Las Vegas 3 NV 89149 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 690 / / LAS VEGAS 3 NV 89149 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 697 / / Las Vegas 3 NV 89147 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 65900 680 / / Las Vegas 3 NV 89129 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 89000 632 / / Las Vegas 3 NV 89128 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 30000 645 / / LAS VEGAS 3 NV 89123 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 81600 691 / / Las Vegas 3 NV 89123 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 77000 633 / / Las Vegas 3 NV 89123 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 28000 710 / / Las Vegas 3 NV 89121 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 87980 770 / / Las Vegas 3 NV 89120 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 40600 653 / / Las Vegas 3 NV 89117 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 679 / / LAS VEGAS 3 NV 89117 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 29449.35 735 / / Las Vegas 3 NV 89113 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 43749.49 660 / / Las Vegas 3 NV 89113 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 27300 716 / / Las Vegas 3 NV 89110 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 68000 717 / / LAS VEGAS 3 NV 89110 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 25000 707 / / Las Vegas 3 NV 89104 ALT_A HYBRID 3 YRS FIXED P AND I 1 Y 54400 671 / / LAS VEGAS 3 NV 89102 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 122000 679 / / North Las Vegas 3 NV 89084 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 29000 699 / / Pahrump 23 NV 89048 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 52499.75 679 / / Henderson 3 NV 89015 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 67800 663 / / Henderson 3 NV 89015 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 55000 760 / / Henderson 3 NV 89015 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 25300 683 / / BULLHEAD CITY 15 AZ 86442 ALT_A HYBRID 3 YRS FIXED P AND I 1 Y 43500 736 / / BULLHEAD CITY 15 AZ 86442 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 659 / / Dolan Springs 15 AZ 86441 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 50000 650 / / Lake Havasu City 15 AZ 86406 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 669 / / Prescott Valley 25 AZ 86314 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 716 / / Prescott Valley 25 AZ 86314 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 43400 721 / / TUCSON 19 AZ 85757 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 650 / / TUCSON 19 AZ 85746 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 711 / / Tucson 19 AZ 85742 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 51200 686 / / Tucson 19 AZ 85741 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 778 / / Tucson 19 AZ 85716 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 733 / / Tucson 19 AZ 85713 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 37000 632 / / Tucson 19 AZ 85711 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 34982.1 698 / / TUCSON 19 AZ 85706 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 48000 626 / / Surprise 13 AZ 85374 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 729 / / Yuma 27 AZ 85367 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 776 / / YUMA 27 AZ 85365 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 38949.02 722 / / Goodyear 13 AZ 85338 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 49450 737 / / Buckeye 13 AZ 85326 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 625 / / Glendale 13 AZ 85306 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 45200 643 / / Fountain Hills 13 AZ 85268 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 N 0 728 / / Scottsdale 13 AZ 85254 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 688 / / CHANDLER 13 AZ 85249 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 758 / / MARICOPA 21 AZ 85239 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 39100 713 / / CHANDLER 13 AZ 85225 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 57000 766 / / Apache Junction 21 AZ 85219 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 741 / / Mesa 13 AZ 85212 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 35550 732 / / Mesa 13 AZ 85205 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 43100 625 / / Mesa 13 AZ 85203 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 635 / / Phoenix 13 AZ 85035 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 40000 709 / / Phoenix 13 AZ 85033 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 39000 631 / / Washington 53 UT 84780 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 110500.2 666 / / Park City 43 UT 84098 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 N 0 678 / / Clifton 77 CO 81520 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 692 / / Grand Junction 77 CO 81503 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 765 / / Austin 29 CO 81410 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 627 / / Montrose 85 CO 81401 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 656 / / Pueblo West 101 CO 81007 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 87200 739 / / Colorado Springs 41 CO 80920 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 64999.5 625 / / Colorado Springs 41 CO 80918 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 25000.6 637 / / Colorado Springs 41 CO 80916 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 31399.34 743 / / Colorado Springs 41 CO 80910 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 679 / / Berthoud 69 CO 80513 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 677 / / Longmont 13 CO 80503 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 43000 626 / / Longmont 13 CO 80501 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 66005 711 / / Winter Park 49 CO 80482 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 717 / / Denver 31 CO 80218 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 676 / / Denver 31 CO 80205 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 68250 641 / / Parker 35 CO 80138 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 75500 769 / / Highlands Ranch 35 CO 80130 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 64400 766 / / Centennial 5 CO 80122 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 744 / / Castle Rock 35 CO 80108 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 31049.36 677 / / Westminster 1 CO 80031 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 37500 677 / / Westminster 1 CO 80031 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 69651.62 638 / / Aurora 5 CO 80016 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 68000 633 / / Aurora 5 CO 80015 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 43000 699 / / Aurora 5 CO 80013 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 672 / / Aurora 5 CO 80010 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 88400 741 / / Arvada 59 CO 80007 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 62000 682 / / Austin 453 TX 78749 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 25000.26 655 / / Round Rock 491 TX 78664 ALT_A HYBRID 7 YRS FIXED P AND I 1 Y 85700 709 / / Spring 201 TX 77379 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 629 / / Houston 201 TX 77084 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 629 / / Houston 201 TX 77083 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 736 / / Mansfield 439 TX 76063 ALT_A HYBRID 7 YRS FIXED INTEREST ONLY 1 Y 28350 725 / / ROSE HILL 15 KS 67133 ALT_A HYBRID 7 YRS FIXED INTEREST ONLY 1 Y 28890 725 / / ROSE HILL 15 KS 67133 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 32000 693 / / Salem 65 MO 65560 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 623 / / Kansas City 95 MO 64110 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 51500 667 / / Wentzville 183 MO 63385 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 682 / / Saint Peters 183 MO 63376 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 680 / / Ballwin 189 MO 63021 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 37000 681 / / Batavia 89 IL 60510 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 28600 624 / / Dolton 31 IL 60419 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 48080 670 / / Sycamore 37 IL 60178 ALT_A HYBRID 3 YRS FIXED P AND I 1 Y 42000 652 / / Waukegan 97 IL 60085 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 754 / / Wyoming 81 MI 49548 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 25000 687 / / Brook 111 IN 47922 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 703 / / Wheatfield 73 IN 46392 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 25000 648 / / Demotte 73 IN 46310 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 25000 690 / / Englewood 113 OH 45322 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 730 / / Middletown 17 OH 45042 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 25000 706 / / Minerva Village 151 OH 44657 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 721 / / Garfield Heights 35 OH 44125 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 653 / / Garfield Heights 35 OH 44125 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 64000 692 / / Shaker Heights 35 OH 44122 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 25000 692 / / Cleveland 35 OH 44110 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 753 / / Lakewood 35 OH 44107 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 25000 692 / / Cleveland 35 OH 44102 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 720 / / Richmond 151 KY 40475 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 27750 680 / / Collegedale 65 TN 37363 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 672 / / Nashville 37 TN 37218 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 47000.3 699 / / Nashville 37 TN 37205 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 38400 632 / / Spring Hill 119 TN 37174 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 656 / / Shelbyville 3 TN 37160 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 53980 765 / / Mount Juliet 189 TN 37122 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 37580 754 / / Mount Juliet 189 TN 37122 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 656 / / Hendersonville 165 TN 37075 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 25600 622 / / Franklin 187 TN 37064 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 25000 630 / / Antioch 37 TN 37013 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 42000 627 / / Okeechobee 93 FL 34972 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 779 / / Jensen Beach 85 FL 34957 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 755 / / Leesburg 69 FL 34788 ALT_A HYBRID 3 YRS FIXED P AND I 1 Y 76350.63 658 / / Ocoee 95 FL 34761 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 37000 643 / / Ocoee 95 FL 34761 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 81979 652 / / Ocoee 95 FL 34761 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 94000 666 / / Ocoee 95 FL 34761 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 40000 650 / / Mascotte 69 FL 34753 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 75730 626 / / Kissimmee 97 FL 34744 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 632 / / Kissimmee 97 FL 34744 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 675 / / Clermont 69 FL 34711 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 90000 670 / / New Port Richey 101 FL 34655 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 688 / / Spring Hill 53 FL 34609 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 652 / / Spring Hill 53 FL 34609 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 673 / / Spring Hill 53 FL 34606 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 704 / / Ocala 83 FL 34472 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 51698.36 730 / / Venice 115 FL 34293 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 45800 704 / / North Port 115 FL 34287 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 738 / / Sarasota 115 FL 34240 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 667 / / Sarasota 115 FL 34239 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 680 / / Palmetto 81 FL 34221 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 680 / / Bradenton 81 FL 34210 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 29000 689 / / Bradenton 81 FL 34205 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 25000 694 / / Bradenton 81 FL 34205 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 44151.21 705 / / Naples 21 FL 34110 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 N 0 703 / / Punta Gorda 15 FL 33983 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 52200 648 / / Davenport 105 FL 33897 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 785 / / Winter Haven 105 FL 33884 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 706 / / Pinellas Park 103 FL 33781 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 706 / / Pinellas Park 103 FL 33781 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 689 / / Saint Petersburg 103 FL 33705 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 745 / / Saint Petersburg 103 FL 33703 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 50644 666 / / St. Petersburg 103 FL 33703 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 797 / / Saint Petersburg 103 FL 33703 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 78267 647 / / Valrico 57 FL 33594 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 758 / / Delray Beach 99 FL 33484 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 776 / / Lake Worth 99 FL 33463 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 762 / / Lake Worth 99 FL 33461 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 58500 739 / / Jupiter 99 FL 33458 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 620 / / Boca Raton 99 FL 33428 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 721 / / Boynton Beach 99 FL 33426 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 59000 658 / / Boynton Beach 99 FL 33426 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 684 / / West Palm Beach 99 FL 33417 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 55000 686 / / Royal Palm Beach 99 FL 33414 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 37000 667 / / West Palm Beach 99 FL 33407 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 634 / / West Palm Beach 99 FL 33406 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 50000 639 / / West Palm Beach 99 FL 33405 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 122000 684 / / Pembroke Pines 11 FL 33332 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 84400 776 / / Cooper City 11 FL 33328 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 24999.4 693 / / Coral Springs 11 FL 33071 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 N 0 651 / / Parkland 11 FL 33067 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 748 / / Pompano Beach 11 FL 33064 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 667 / / Orlando 95 FL 32839 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 90400 661 / / Orlando 95 FL 32836 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 767 / / Orlando 95 FL 32829 ALT_A HYBRID 3 YRS FIXED P AND I 1 N 0 720 / / Orlando 95 FL 32828 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 677 / / Orlando 95 FL 32825 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 683 / / Orlando 95 FL 32825 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 65600 647 / / Orlando 95 FL 32825 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 757 / / Orlando 95 FL 32822 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 38600 623 / / Orlando 95 FL 32822 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 39750 749 / / Orlando 95 FL 32818 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 38000 698 / / Orlando 95 FL 32809 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 54060 635 / / Winter Park 95 FL 32792 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 53980 639 / / Winter Park 95 FL 32792 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 36200 649 / / Longwood 117 FL 32779 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 38100 643 / / Sanford 117 FL 32771 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 89985 686 / / Sanford 117 FL 32771 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 769 / / Deltona 127 FL 32738 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 28000 674 / / Deltona 127 FL 32738 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 88000 693 / / Apopka 95 FL 32712 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 33600 660 / / Casselberry 117 FL 32707 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 33900 660 / / CITY OF CASSELBERRY 117 FL 32707 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 29685 721 / / Midway 39 FL 32343 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 22800 712 / / THE VILLAGES 119 FL 32162 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 705 / / Palm Coast 35 FL 32137 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 34450 684 / / Kingsland 39 GA 31548 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 55000 673 / / Eatonton 237 GA 31024 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 709 / / Winder 13 GA 30680 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 35550.19 770 / / Bogart 219 GA 30622 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 686 / / Buford 135 GA 30519 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 53388.25 754 / / Braselton 157 GA 30517 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 58000 694 / / Atlanta 121 GA 30349 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 56655.84 755 / / Atlanta 121 GA 30349 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 36999.94 662 / / Atlanta 121 GA 30349 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 62800 672 / / College Park 121 GA 30349 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 53261 664 / / College Park 121 GA 30349 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 61154 680 / / College Park 121 GA 30349 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 74363 724 / / Atlanta 121 GA 30349 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 761 / / East Point 121 GA 30344 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 39800.15 726 / / Dunwoody 89 GA 30338 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 112712 673 / / Atlanta 121 GA 30331 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 35750.31 664 / / Atlanta 121 GA 30331 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 31300.3 663 / / Atlanta 121 GA 30331 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 70800 757 / / Atlanta 121 GA 30324 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 57701.11 643 / / Atlanta 121 GA 30324 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 668 / / Atlanta 89 GA 30319 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 669 / / Atlanta 121 GA 30315 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 30900 700 / / Riverdale 63 GA 30296 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 24200 725 / / Riverdale 63 GA 30296 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 43100 659 / / Ellenwood 89 GA 30294 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 24953.75 741 / / Union City 121 GA 30291 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 30420 625 / / Union City 121 GA 30291 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 25099.97 672 / / Union City 121 GA 30291 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 43724 622 / / Newnan 77 GA 30265 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 74985 640 / / McDonough 151 GA 30253 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 27832.63 656 / / Jonesboro 63 GA 30236 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 28400 657 / / Hampton 151 GA 30228 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 49000 691 / / Fayetteville 113 GA 30214 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 25000 750 / / Fairburn 121 GA 30213 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 47140 621 / / Fairburn 121 GA 30213 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 26800 665 / / Dallas 223 GA 30157 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 Y 60677 698 / / Dallas 223 GA 30157 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 Y 25001.6 664 / / Dallas 223 GA 30157 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 728 / / Dallas 223 GA 30157 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 59900 649 / / Dallas 223 GA 30157 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 68000 665 / / Dallas 223 GA 30157 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 37449.88 640 / / Hiram 223 GA 30141 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 25000 640 / / Douglasville 97 GA 30135 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 25000 638 / / Mableton 67 GA 30126 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 45503.8 672 / / Carrollton 45 GA 30117 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 35100 650 / / Canton 57 GA 30115 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 38482 670 / / Canton 57 GA 30114 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 33026 670 / / Acworth 67 GA 30101 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 47348.52 698 / / Duluth 135 GA 30096 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 30950.43 665 / / Conyers 247 GA 30094 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 57680 787 / / Conyers 247 GA 30094 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 45000 663 / / Tucker 89 GA 30084 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 17600 735 / / Stone Mountain 89 GA 30083 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 70600 677 / / Marietta 67 GA 30064 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 72039 680 / / Marietta 67 GA 30064 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 704 / / Marietta 67 GA 30064 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 47900 700 / / Marietta 67 GA 30062 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 37650 744 / / Lithonia 89 GA 30058 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 25000 667 / / Oxford 217 GA 30054 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 32697.99 755 / / Lawrenceville 135 GA 30045 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 739 / / Lawrenceville 135 GA 30044 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 62400 630 / / Lawrenceville 135 GA 30044 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 30160 725 / / Lawrenceville 135 GA 30043 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 44250 712 / / Cumming 117 GA 30041 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 58600 683 / / Cumming 117 GA 30041 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 74000 779 / / Cumming 117 GA 30040 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 641 / / Cumming 117 GA 30040 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 27550 716 / / Decatur 89 GA 30034 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 48629 670 / / Covington 217 GA 30016 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 35550 652 / / Covington 217 GA 30016 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 693 / / Covington 217 GA 30016 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 37800 634 / / Conyers 247 GA 30013 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 114750 743 / / Conyers 247 GA 30013 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 35099.91 638 / / Charlotte 119 NC 28262 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 32999.25 705 / / Clemmons 67 NC 27012 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 152900 720 / / Spotsylvania 177 VA 22553 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 664 / / Springfield 59 VA 22152 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 24000 743 / / Baltimore 510 MD 21215 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 111899.62 652 / / Hanover 3 MD 21076 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 674 / / Abingdon 25 MD 21009 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 100002.2 792 / / Upper Marlboro 33 MD 20772 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 33750 707 / / Riverdale 33 MD 20737 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 129800 627 / / Laurel 33 MD 20708 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 712 / / Sterling 107 VA 20166 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 657 / / Gainesville 153 VA 20155 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 37500 745 / / GAINESVILLE 153 VA 20155 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 84000 643 / / ASHBURN 107 VA 20148 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 680 / / Philadelphia 101 PA 19131 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 747 / / Philadelphia 101 PA 19125 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 133669 631 / / Township of Williams 95 PA 18042 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 709 / / Township of East Pennsboro 41 PA 17025 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 727 / / Binghamton 7 NY 13905 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 727 / / Binghamton 7 NY 13905 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 115800 730 / / Cazenovia 53 NY 13035 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 712 / / Stanfordville 27 NY 12581 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 70000 755 / / LaGrangeville 27 NY 12540 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 730 / / Schenectady 93 NY 12303 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 735 / / Troy 83 NY 12180 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 745 / / Schoharie 95 NY 12157 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 33300 635 / / Colonie (Latham) 1 NY 12110 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 74100 663 / / Shirley 103 NY 11967 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 108750 644 / / Sag Harbor 103 NY 11963 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 716 / / Sag Harbor 103 NY 11963 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 106000 694 / / Hicksville 59 NY 11801 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 86700 725 / / Port Jefferson Station 103 NY 11776 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 67840 726 / / Medford 103 NY 11763 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 25002 631 / / Deer Park 103 NY 11729 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 86400 684 / / Central Islip 103 NY 11722 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 53599.68 657 / / Brookhaven 103 NY 11719 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 83750 749 / / Brentwood 103 NY 11717 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 69000 702 / / Bay Shore 103 NY 11706 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 75600 735 / / West Babylon 103 NY 11704 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 115497.6 637 / / Westbury 59 NY 11590 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 733 / / Jamaica 81 NY 11433 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 666 / / Bayside 81 NY 11361 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 635 / / Staten Island 85 NY 10314 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 674 / / South River 23 NJ 8882 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 68000 626 / / Borough of Sayerville 23 NJ 8859 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 623 / / Old Bridge 23 NJ 8859 ALT_A HYBRID 7 YRS FIXED P AND I 1 Y 82600 721 / / TWP OF OLD BRIDGE 23 NJ 8857 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 670 / / Woodbridge 23 NJ 8830 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 24999.59 699 / / East Brunswick 23 NJ 8816 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 668 / / Summit 39 NJ 7901 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 32100 794 / / Howell 25 NJ 7731 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 108003.25 690 / / Paramus 3 NJ 7652 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 693 / / Montvale 3 NJ 7645 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 98000 694 / / Maywood 3 NJ 7607 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 87000 677 / / Paterson 31 NJ 7522 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 85800 656 / / Paterson 31 NJ 7522 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 85800 710 / / Paterson 31 NJ 7522 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 626 / / Paterson 31 NJ 7504 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 87000 658 / / Fair Lawn 3 NJ 7410 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 109180 671 / / Elizabeth 39 NJ 7202 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 41250 733 / / Elizabeth 39 NJ 7201 ALT_A HYBRID 2 YRS FIXED P AND I 1 Y 65000 728 / / Irvington 13 NJ 7111 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 701 / / Newark 13 NJ 7108 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 Y 33400 638 / / Newark 13 NJ 7107 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 124600 706 / / Newark 13 NJ 7105 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 622 / / Newark 13 NJ 7104 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 64001.2 749 / / Roselle 17 NJ 7094 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 688 / / South Orange 13 NJ 7079 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 35250 702 / / Plainfield 39 NJ 7060 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 63750 686 / / West Orange 13 NJ 7052 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 80000 635 / / West Orange 13 NJ 7052 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 716 / / West Orange 13 NJ 7052 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 636 / / Verona 13 NJ 7044 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 622 / / Hoboken 17 NJ 7030 ALT_A ARM NON-HYBRID INTEREST ONLY 1 N 0 763 / / Garfield 3 NJ 7026 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 40500 637 / / East Orange 13 NJ 7018 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 56699.33 644 / / East Orange 13 NJ 7017 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 59000 665 / / East Orange 13 NJ 7017 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 44400 683 / / East Orange 13 NJ 7017 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 36750 634 / / Bloomfield 13 NJ 7003 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 249996 652 / / Westport 1 CT 6880 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 690 / / Ridgefield 1 CT 6877 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 53000 722 / / Danbury 1 CT 6810 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 681 / / New Milford 5 CT 6776 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 703 / / Naugatuck 9 CT 6770 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 37000 643 / / Waterbury 9 CT 6708 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 630 / / Cheshire 9 CT 6410 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 92000 651 / / Old Orchard Beach 31 ME 4064 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 56000 715 / / Brockton 23 MA 2301 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 735 / / Revere 25 MA 2151 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 658 / / Malden 17 MA 2148 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 223000 646 / / Cambridge 17 MA 2140 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 693 / / Brighton 25 MA 2135 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 57000 702 / / Jamaica Plain 25 MA 2130 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 728 / / South Boston 25 MA 2127 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 57600 676 / / Boston 25 MA 2127 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 672 / / Mattapan 25 MA 2126 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 638 / / Boston 25 MA 2113 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 786 / / Boston 25 MA 2113 ALT_A HYBRID 5 YRS FIXED P AND I 1 N 0 695 / / Marshfield 23 MA 2050 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 664 / / Franklin 21 MA 2038 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 671 / / North Andover 9 MA 1845 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 794 / / Framingham 17 MA 1702 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 71000 642 / / Webster 27 MA 1570 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 685 / / Oxford 27 MA 1540 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 668 / / Millbury 27 MA 1527 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 753 / / Land O' Lakes 101 FL 34638 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 67400 669 / / Seattle 33 WA 98146 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 67000 645 / / Canyon Lake 65 CA 92587 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 775 / / Watkinsville 219 GA 30677 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 751 / / Sugar Hill 135 GA 30518 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 84721.03 748 / / Atlanta 121 GA 30349 ALT_A HYBRID 10 YRS FIXED INTEREST ONLY 1 Y 55600 763 / / Atlanta 89 GA 30338 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 34766 741 / / Atlanta 121 GA 30336 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 30240 763 / / Atlanta 121 GA 30331 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 65953 742 / / Atlanta 121 GA 30324 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 72400 730 / / Atlanta 121 GA 30324 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 37500 749 / / Atlanta 89 GA 30319 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 74980 776 / / Atlanta 121 GA 30318 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 23970 768 / / Union City 121 GA 30291 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 19699.63 804 / / Union City 121 GA 30291 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 60026 740 / / Fayetteville 113 GA 30214 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 33956 735 / / Austell 67 GA 30168 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 31100 761 / / Dallas 223 GA 30157 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 53000 731 / / Mableton 67 GA 30126 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 70850.4 759 / / Mableton 67 GA 30126 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 43400.94 724 / / Canton 57 GA 30114 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 725 / / Smyrna 67 GA 30082 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 25659.15 781 / / Lawrenceville 135 GA 30043 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 26900 788 / / Covington 217 GA 30016 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 68400 765 / / Covington 217 GA 30014 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 85648.59 749 / / Metuchen 23 NJ 8840 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 712 / / Jacksonville 109 FL 32259 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 33744 686 / / Braselton 157 GA 30517 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 45198.57 695 / / Atlanta 121 GA 30349 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 49782 694 / / College Park 121 GA 30349 ALT_A HYBRID 7 YRS FIXED INTEREST ONLY 1 N 0 745 / / Atlanta 121 GA 30342 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 57701.11 692 / / Atlanta 121 GA 30324 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 48000 718 / / Peachtree City 113 GA 30269 ALT_A HYBRID 7 YRS FIXED INTEREST ONLY 1 Y 41430 707 / / Newnan 77 GA 30265 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 33280 711 / / Hampton 151 GA 30228 ALT_A HYBRID 5 YRS FIXED P AND I 1 Y 35711 713 / / Austell 67 GA 30168 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 38936 715 / / Austell 67 GA 30168 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 36000 686 / / Dallas 223 GA 30157 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 50000 715 / / Douglasville 97 GA 30135 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 25100.35 717 / / Loganville 297 GA 30052 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 45999.39 688 / / Lawrenceville 135 GA 30043 ALT_A HYBRID 10 YRS FIXED INTEREST ONLY 1 Y 43800 766 / / Decatur 89 GA 30030 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 116000 688 / / Social Circle 297 GA 30025 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 54600 730 / / Alpharetta 121 GA 30022 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 140981 662 / / Alpharetta 121 GA 30022 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 25760 699 / / Covington 217 GA 30016 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 74500 682 / / Bay Shore 103 NY 11706 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 804 / / Brookville 59 NY 11545 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 125746.41 682 / / Livingston 13 NJ 7039 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 721 / / San Francisco 75 CA 94131 ALT_A HYBRID 3 YRS FIXED P AND I 1 N 0 675 / / Los Angeles (Sun Valley Area) 37 CA 91352 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 644 / / Maywood 3 NJ 7607 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 41250 719 / / Salt Lake City 35 UT 84108 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 43400.75 750 / / ATLANTA 121 GA 30318 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 99999.72 692 / / TEMECULA 65 CA 92592 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 53865 782 / / SARASOTA 115 FL 34233 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 25852 699 / / WOODSTOCK 57 GA 30188 ALT_A HYBRID 2 YRS FIXED P AND I 1 N 0 588 / / Allentown 77 PA 18102 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 Y 83250 744 / / Los Angeles (Pacoima Area) 37 CA 91331 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 Y 62526 644 / / Indio 65 CA 92203 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 Y 117000 690 / / VISTA 73 CA 92081 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 695 / / SANTEE 73 CA 92071 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 76200 754 / / Stockton 77 CA 95205 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 97000 647 / / Escondido 73 CA 92025 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 77000 628 / / San Diego 73 CA 92114 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 130000 694 / / Escondido 73 CA 92026 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 91400 692 / / Santee 73 CA 92071 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 108000 682 / / San Diego 73 CA 92102 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 132452.3 767 / / Fairfax 600 VA 22030 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 123882.07 684 / / Falls Church 59 VA 22041 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 732 / / Lorton 59 VA 22079 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 750 / / Phoenix 13 AZ 85037 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 N 0 782 / / NORCROSS 135 GA 30092 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 112000 660 / / Concord 13 CA 94520 ALT_A HYBRID 3 YRS FIXED INTEREST ONLY 1 N 0 726 / / Las Vegas 3 NV 89123 ALT_A HYBRID 2 YRS FIXED P AND I 1 N 0 632 / / Raleigh 183 NC 27610 ALT_A HYBRID 2 YRS FIXED P AND I 1 N 0 632 / / Raleigh 183 NC 27610 ALT_A HYBRID 2 YRS FIXED P AND I 1 N 0 621 / / Demotte 73 IN 46310 ALT_A HYBRID 2 YRS FIXED INTEREST ONLY 1 N 0 616 / / Riverside Area 65 CA 92509 ALT_A HYBRID 2 YRS FIXED P AND I 1 N 0 642 / / Union 39 NJ 7083 ALT_A HYBRID 3 YRS FIXED P AND I 1 N 0 642 / / Bethalto 119 IL 62010 ALT_A HYBRID 5 YRS FIXED INTEREST ONLY 1 Y 83000 769 / / Los Angeles 37 CA 90003 PRODUCT PROPTYPE UNITS OWNOCC LOANPURP ORIGBAL CURRBAL ORIGRATE RATE SRVFEE NXSSFEE LPMIFEE ------- -------- ----- ------ -------- ------- ------- -------- ---- ------ ------- ------- ALT_A SINGFAM 1 PRIMARY REFICASHOUT 408000 408000 7.99 7.99 0.25 0.375 0 ALT_A PUD 1 PRIMARY REFICASHOUT 306000 306000 7.625 7.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 178000 178000 10.125 10.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 306000 306000 9.5 9.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 279920 279492.6985 7.375 7.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 156750 156528.0206 7.75 7.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 265500 265500 8.99 8.99 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 262500 262500 8.125 8.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 245000 245000 7.5 7.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 221000 220949.58 9.5 9.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 330000 329784.1343 8.125 8.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 289000 288666.2426 8.75 8.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 527950 527950 8.07 8.07 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 439000 439000 7.25 7.25 0.25 0.375 0 ALT_A PUD 1 INVESTOR REFICASHOUT 399200 396953.632 6.4 6.4 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 191000 190632.0996 8.25 8.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 108375 107914.5129 6.875 6.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 201000 201000 8 8 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 355000 355000 7.25 7.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 187000 186554.6974 7.375 7.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 180000 180000 7.375 7.375 0.25 0.375 0 ALT_A CONDO 1 PRIMARY REFICASHOUT 260000 260000 7.375 7.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 595000 595000 8.375 8.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 301750 301704.87 7.375 7.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 94000 93928.47369 7.375 7.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 328500 328500 8.125 8.125 0.25 0.375 0 ALT_A SINGFAM 1 INVESTOR PURCH 306000 305608.4069 8.25 8.25 0.25 0.375 0 ALT_A CONDO 1 PRIMARY REFICASHOUT 210000 210000 7.25 7.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 416000 416000 8.25 8.25 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 260000 260000 7.375 7.375 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 332000 332000 7.99 7.99 0.25 0.375 0 ALT_A PUD 1 PRIMARY REFICASHOUT 274000 274000 6.75 6.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 399000 399000 8.25 8.25 0.25 0.375 0 ALT_A CONDO 1 PRIMARY PURCH 317300 317300 8.625 8.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 235000 235000 7.25 7.25 0.25 0.375 0 ALT_A CONDO 1 PRIMARY REFICASHOUT 289750 289652.83 9.75 9.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 434000 432633.0625 7.25 7.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 270000 270000 6.75 6.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 249600 249054.5894 7.625 7.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 192000 192000 7.625 7.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 216000 216000 6.25 6.25 0.25 0.375 0 ALT_A PUD 1 PRIMARY REFICASHOUT 175000 174489.9051 8.125 8.125 0.25 0.375 0 ALT_A PUD 1 PRIMARY REFICASHOUT 251750 251063.5388 6.5 6.5 0.25 0.375 0 ALT_A PUD 1 PRIMARY REFICASHOUT 213750 212749.5514 6.375 6.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 116450 116297.1354 8.125 8.125 0.25 0.375 0 ALT_A PUD 1 PRIMARY REFICASHOUT 168750 167881.295 5.875 5.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 114400 114233.8751 7.625 7.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 124800 124800 7.375 7.375 0.25 0.375 0 ALT_A CONDO 1 PRIMARY REFICASHOUT 122400 122111.8146 7.25 7.25 0.25 0.375 0 ALT_A SINGFAM 1 INVESTOR PURCH 67500 66880.53891 7.85 7.85 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 88200 87899.02291 8.895 8.895 0.25 0.375 0 ALT_A SINGFAM 1 INVESTOR REFICASHOUT 345000 344335.4679 8.25 8.25 0.25 0.375 0 ALT_A 2FAM 2 INVESTOR PURCH 160200 160123.2545 9.625 9.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 394200 393867.9754 10.25 10.25 0.25 0.375 0 ALT_A CONDO 1 INVESTOR PURCH 248310 247968.7709 9.875 9.875 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 311200 311200 7.625 7.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 279650 279650 7.875 7.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 357000 356638.0261 9.375 9.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 215750 215750 8.375 8.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 436500 436080.1027 9.625 9.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 310500 309821.5145 7.625 7.625 0.25 0.375 0 ALT_A 2FAM 2 PRIMARY REFICASHOUT 484000 484000 6.25 6.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 268000 267337.1161 7 7 0.25 0.375 0 ALT_A 2FAM 2 PRIMARY REFICASHOUT 340000 339518.5136 7.75 7.75 0.25 0.375 0 ALT_A PUD 1 PRIMARY REFICASHOUT 292500 292500 9.25 9.25 0.25 0.375 0 ALT_A CONDO 1 PRIMARY REFICASHOUT 166929 166673.705 7.875 7.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 89889 89773.96761 8.25 8.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 364500 364500 8.625 8.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 384750 384338.9435 9.125 9.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 535000 534991.15 9.625 9.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 299000 299000 7.75 7.75 0.25 0.375 0 ALT_A 2FAM 2 PRIMARY REFICASHOUT 305000 304546.3616 9.5 9.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 225000 225000 6.75 6.75 0.25 0.375 0 ALT_A 2FAM 2 INVESTOR REFICASHOUT 261000 260735.3636 9.375 9.375 0.25 0.375 0 ALT_A 2FAM 2 PRIMARY REFICASHOUT 391500 390645.2118 8.25 8.25 0.25 0.375 0 ALT_A 2FAM 2 INVESTOR PURCH 198000 197705.5069 9.5 9.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 552500 552355.99 8.375 8.375 0.25 0.375 0 ALT_A CONDO 1 SECONDHOME REFICASHOUT 380000 379475.2564 7.875 7.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 310250 310250 7.375 7.375 0.25 0.375 0 ALT_A CONDO 1 PRIMARY REFICASHOUT 187000 187000 7.25 7.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 275000 274545.0322 8.99 8.99 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 261000 261000 7.59 7.59 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 196000 195729.3428 7.875 7.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 208000 208000 6.5 6.5 0.25 0.375 0 ALT_A 2FAM 2 PRIMARY PURCH 319200 319200 7.375 7.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 252000 251700 7.5 7.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 160000 159683.8828 8.125 8.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 347350 347350 5.875 5.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 375000 375000 6 6 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 187000 187000 8.5 8.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 250000 250000 6.99 6.99 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 337500 337500 7.5 7.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 126000 126000 8.625 8.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 260000 260000 7.375 7.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFIRT 216000 216000 8.75 8.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 310500 310500 11.25 11.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 248000 248000 7.99 7.99 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 155800 155800 9.375 9.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 288000 288000 9.5 9.5 0.25 0.375 0 ALT_A SINGFAM 1 INVESTOR PURCH 68850 68850 8.25 8.25 0.25 0.375 1.18 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 197000 196590.6024 7.875 7.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 333600 333600 7.25 7.25 0.25 0.375 0 ALT_A PUD 1 PRIMARY REFICASHOUT 156000 155887.0918 7.625 7.625 0.25 0.375 0 ALT_A SINGFAM 1 INVESTOR REFICASHOUT 127200 126954.9899 8.25 8.25 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 156550 156550 7.125 7.125 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 217600 217600 6.875 6.875 0.25 0.375 0 ALT_A SINGFAM 1 INVESTOR PURCH 166250 166250 7.75 7.75 0.25 0.375 1.76 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 144000 143992.22 6.625 6.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 162400 162400 6.25 6.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 342000 342000 6.625 6.625 0.25 0.375 0.6 ALT_A SINGFAM 1 PRIMARY PURCH 164000 164000 6.125 6.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 175200 175200 6.375 6.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 220000 220000 7.625 7.625 0.25 0.375 0.6 ALT_A 2FAM 2 INVESTOR PURCH 202000 202000 8.125 8.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 199160 199160 7.125 7.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 188000 188000 6.625 6.625 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 261600 261600 7.25 7.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 199200 199200 6.375 6.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 223350 223350 7 7 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 429950 429950 6.5 6.5 0.25 0.375 0.71 ALT_A SINGFAM 1 PRIMARY PURCH 168000 167854.5 6.5 6.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 191950 191950 5.375 5.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 201200 201200 5.875 5.875 0.25 0.375 0 ALT_A CONDO 1 PRIMARY PURCH 156750 156750 7.5 7.5 0.25 0.375 1.24 ALT_A PUD 1 PRIMARY PURCH 320800 320800 6.25 6.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 193000 193000 6.75 6.75 0.25 0.375 0 ALT_A CONDO 1 PRIMARY PURCH 178850 178850 6.375 6.375 0.25 0.375 0 ALT_A CONDO 1 PRIMARY PURCH 210350 210350 7.25 7.25 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 323400 323400 6.625 6.625 0.25 0.375 0.87 ALT_A CONDO 1 PRIMARY REFICASHOUT 140000 140000 6 6 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 224000 224000 7.375 7.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 184000 184000 6.875 6.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 260000 260000 7.5 7.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 368000 368000 6.375 6.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 262300 262300 6.875 6.875 0.25 0.375 0 ALT_A CONDO 1 PRIMARY PURCH 131200 131200 8 8 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 186200 186200 6.75 6.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFIRT 250600 250600 5.875 5.875 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 283200 283200 6.5 6.5 0.25 0.375 0 ALT_A CONDO 1 INVESTOR PURCH 197600 197600 7.99 7.99 0.25 0.375 1.04 ALT_A SINGFAM 1 PRIMARY PURCH 740000 740000 6.5 6.5 0.25 0.375 0 ALT_A PUD 1 PRIMARY REFICASHOUT 416000 416000 6.375 6.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 460000 460000 7.125 7.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 248000 248000 6.875 6.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 272000 271968.75 7 7 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 215400 215400 8.25 8.25 0.25 0.375 1.24 ALT_A PUD 1 PRIMARY REFICASHOUT 172000 172000 6.75 6.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 124950 124628.7448 6.875 6.875 0.25 0.375 0.49 ALT_A PUD 1 PRIMARY PURCH 182850 182850 7.625 7.625 0.25 0.375 0.7 ALT_A SINGFAM 1 PRIMARY PURCH 128000 128000 6.625 6.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 129200 129200 7.125 7.125 0.25 0.375 0.7 ALT_A SINGFAM 1 PRIMARY PURCH 120000 120000 7.25 7.25 0.25 0.375 0 ALT_A SINGFAM 1 INVESTOR PURCH 145350 145350 8.5 8.5 0.25 0.375 1.23 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 362000 362000 6.625 6.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 116000 116000 7.5 7.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 170400 170400 6.99 6.99 0.25 0.375 0 ALT_A SINGFAM 1 INVESTOR PURCH 251750 251750 8.75 8.75 0.25 0.375 1.04 ALT_A SINGFAM 1 PRIMARY PURCH 232750 232678.92 7.625 7.625 0.25 0.375 1.24 ALT_A 2FAM 2 INVESTOR PURCH 187200 187200 7.875 7.875 0.25 0.375 0.98 ALT_A SINGFAM 1 INVESTOR PURCH 322900 322900 8.25 8.25 0.25 0.375 1.04 ALT_A SINGFAM 1 PRIMARY REFIRT 145000 144503.4569 6.375 6.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 159200 159200 6.75 6.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 208800 208800 5.875 5.875 0.25 0.375 0 ALT_A 2FAM 2 INVESTOR REFICASHOUT 233600 233600 7.625 7.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 101600 101600 7.375 7.375 0.25 0.375 0 ALT_A SINGFAM 1 INVESTOR PURCH 168800 168800 6.875 6.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 228000 228000 6.75 6.75 0.25 0.375 0 ALT_A SINGFAM 1 SECONDHOME PURCH 187057 187057 7.375 7.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 216000 215996.96 7 7 0.25 0.375 0 ALT_A CONDO 1 PRIMARY PURCH 148000 148000 6.625 6.625 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 360000 359470.61 6.875 6.875 0.25 0.375 0 ALT_A CONDO 1 PRIMARY REFIRT 450000 450000 5.625 5.625 0.25 0.375 0 ALT_A CONDO 1 PRIMARY PURCH 324000 324000 7.375 7.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 776000 776000 7.75 7.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 900000 900000 6.75 6.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 500000 500000 5.375 5.375 0.25 0.375 0 ALT_A CONDO 1 SECONDHOME REFICASHOUT 441000 440456.58 7.25 7.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 200000 200000 8 8 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 75000 75000 6.375 6.375 0.25 0.375 0 ALT_A 2FAM 2 PRIMARY REFICASHOUT 212000 211997.84 7.375 7.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 217600 217600 6.375 6.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 159500 159500 6.75 6.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 290400 290400 7.125 7.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 276650 276650 6.75 6.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 454400 454400 6.375 6.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 103000 102900 5.875 5.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 312000 312000 6.375 6.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 304000 304000 7.75 7.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 288000 288000 6.75 6.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFIRT 407200 405566.3194 6 6 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 324922 324922 7.875 7.875 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0 ALT_A PUD 1 PRIMARY PURCH 120960 120960 6.25 6.25 0.25 0.375 0 ALT_A CONDO 1 PRIMARY PURCH 263750 263750 5.875 5.875 0.25 0.375 0 ALT_A CONDO 1 PRIMARY PURCH 289500 289447.5 6 6 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 200000 200000 6 6 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 299920 299349.3664 6.25 6.25 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 95880 95650.13 6.125 6.125 0.25 0.375 0 ALT_A PUD 1 SECONDHOME PURCH 105200 105169.83 6.5 6.5 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 240104 240104 6.25 6.25 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 135824 135790.63 6.375 6.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 124400 124400 6.25 6.25 0.25 0.375 0 ALT_A PUD 1 PRIMARY REFIRT 212000 211499.96 6 6 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 283400 283400 6 6 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 173705 173705 6 6 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 159600 159400 6.625 6.625 0.25 0.375 0.52 ALT_A PUD 1 PRIMARY PURCH 136750 136750 6.25 6.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 107600 107600 6.5 6.5 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 273600 273600 5.75 5.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 342750 342750 5.75 5.75 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 495000 495000 6.5 6.5 0.25 0.375 0.61 ALT_A PUD 1 PRIMARY PURCH 134750 134750 6.5 6.5 0.25 0.375 0 ALT_A PUD 1 SECONDHOME PURCH 226100 226100 6.5 6.5 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 199127 199127 6.125 6.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFIRT 580000 580000 6.75 6.75 0.25 0.375 0 ALT_A CONDO 1 SECONDHOME PURCH 307900 307900 6.375 6.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 192000 192000 6.25 6.25 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 165720 165720 6.375 6.375 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 133120 133120 5.875 5.875 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 142844 142585.0347 6.5 6.5 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 155744 155744 6.5 6.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 144000 144000 6.5 6.5 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 200000 200000 6.375 6.375 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 121000 121000 6.75 6.75 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 184000 184000 6.5 6.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 233600 233600 6.375 6.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 464000 464000 6.375 6.375 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 218400 218400 6.5 6.5 0.25 0.375 0 ALT_A PUD 1 PRIMARY REFIRT 670000 666230.25 6.75 6.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 103040 103040 6.25 6.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 298000 298000 6.625 6.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 610000 610000 6.25 6.25 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 633000 633000 5.75 5.75 0.25 0.375 0 ALT_A 2FAM 2 PRIMARY REFICASHOUT 500000 500000 6.875 6.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 228000 228000 6.625 6.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFIRT 263000 263000 7.875 7.875 0.25 0.375 0 ALT_A SINGFAM 1 INVESTOR REFICASHOUT 206250 206250 8 8 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 173550 173550 6 6 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 403950 403950 6.75 6.75 0.25 0.375 0 ALT_A CONDO 1 PRIMARY PURCH 215400 215400 7.375 7.375 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 103400 103400 6.5 6.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 80000 80000 8.875 8.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 444000 444000 6.625 6.625 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 250105 250105 7.5 7.5 0.25 0.375 0 ALT_A PUD 1 PRIMARY REFICASHOUT 468000 468000 7.375 7.375 0.25 0.375 0 ALT_A CONDO 1 PRIMARY PURCH 220000 220000 6.999 6.999 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 304800 304800 6.625 6.625 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 388000 388000 7.875 7.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 308000 308000 7 7 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 520000 520000 7.375 7.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 365600 365600 6.99 6.99 0.25 0.375 0 ALT_A 2FAM 2 PRIMARY PURCH 432000 432000 6.875 6.875 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 536000 536000 7.5 7.5 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 499600 499600 7.5 7.5 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 231920 231920 6.625 6.625 0.25 0.375 0 ALT_A PUD 1 PRIMARY PURCH 191920 191920 7.125 7.125 0.25 0.375 0 ALT_A PUD 1 SECONDHOME PURCH 416000 416000 7.125 7.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 448000 448000 7.25 7.25 0.25 0.375 0 ALT_A PUD 1 SECONDHOME PURCH 221660 221660 6.375 6.375 0.25 0.375 0 ALT_A SINGFAM 1 INVESTOR PURCH 106200 106200 9.125 9.125 0.25 0.375 0 ALT_A SINGFAM 1 INVESTOR PURCH 106200 106200 9.125 9.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 153000 153000 8.75 8.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFICASHOUT 315000 315000 8.75 8.75 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 332405 332405 9.375 9.375 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY REFIRT 153900 153403.312 7.125 7.125 0.25 0.375 0 ALT_A SINGFAM 1 PRIMARY PURCH 332000 332000 6.5 6.5 0.25 0.375 0 PRODUCT NETRATE PMIFLAG PANDI ORIGPANDI DATADATE ORIGDATE FPDATE PAID2DATE MTDATE APPVAL SALESPRICE ------- ------- ------- ----- --------- -------- -------- ------ --------- ------ ------ ---------- ALT_A 7.74 N 2716.6 2716.6 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 480000 0 ALT_A 7.375 N 1944.375 1944.38 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 340000 0 ALT_A 9.875 N 1501.875 1501.88 6/1/2006 4/6/2006 5/1/2006 6/1/2006 4/1/2036 243000 187400 ALT_A 9.25 N 2422.5 2422.5 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 340000 0 ALT_A 7.125 N 1933.337873 1933.34 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 375000 349900 ALT_A 7.5 N 1122.976195 1122.98 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 165000 0 ALT_A 8.74 N 1989.0375 1989.04 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 295000 0 ALT_A 7.875 N 1777.34375 1777.34 6/1/2006 3/30/2006 6/1/2006 6/1/2006 5/1/2036 420000 0 ALT_A 7.25 N 1531.25 1531.25 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 395000 0 ALT_A 9.25 N 1749.583333 1749.58 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 260000 260000 ALT_A 7.875 N 2450.240696 2450.24 6/1/2006 4/11/2006 6/1/2006 6/1/2006 5/1/2036 440000 0 ALT_A 8.5 N 2273.564172 2273.56 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 340000 0 ALT_A 7.82 N 3550.46375 3550.46 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 660000 659950 ALT_A 7 N 2652.291667 2652.29 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 575000 0 ALT_A 6.15 N 2497.01959 2497.02 6/1/2006 11/2/2005 1/1/2006 6/1/2006 12/1/2035 499000 0 ALT_A 8 N 1434.919214 1434.92 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 228000 0 ALT_A 6.625 N 711.9466018 711.95 6/1/2006 12/30/2005 2/1/2006 6/1/2006 1/1/2036 127500 0 ALT_A 7.75 N 1340 1340 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 305000 0 ALT_A 7 N 2144.791667 2144.79 6/1/2006 2/2/2006 4/1/2006 6/1/2006 3/1/2036 445000 0 ALT_A 7.125 N 1291.562526 1291.56 6/1/2006 2/6/2006 4/1/2006 6/1/2006 3/1/2036 220000 0 ALT_A 7.125 N 1106.25 1106.25 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 265000 0 ALT_A 7.125 N 1597.916667 1597.92 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 350000 0 ALT_A 8.125 N 4152.604167 4152.6 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 700000 0 ALT_A 7.125 N 1854.505208 1854.51 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 355000 0 ALT_A 7.125 N 649.2346387 649.23 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 355000 0 ALT_A 7.875 N 2224.21875 2224.22 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 365000 0 ALT_A 8 N 2298.875808 2298.88 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 475000 475000 ALT_A 7 N 1268.75 1268.75 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 275000 0 ALT_A 8 N 2860 2860 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 520000 520000 ALT_A 7.125 N 1597.916667 1597.92 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 355000 325000 ALT_A 7.74 N 2210.566667 2210.57 6/1/2006 4/10/2006 6/1/2006 6/1/2006 5/1/2036 415000 415000 ALT_A 6.5 N 1541.25 1541.25 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 410000 0 ALT_A 8 N 2743.125 2743.13 6/1/2006 2/6/2006 4/1/2006 6/1/2006 3/1/2036 420000 0 ALT_A 8.375 N 2280.59375 2280.59 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 334000 334000 ALT_A 7 N 1419.791667 1419.79 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 530000 0 ALT_A 9.5 N 2354.21875 2354.22 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 315000 0 ALT_A 7 N 2960.645055 2960.65 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 620000 0 ALT_A 6.5 N 1518.75 1518.75 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 380000 0 ALT_A 7.375 N 1766.653191 1766.65 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 312000 0 ALT_A 7.375 N 1220 1220 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 240000 0 ALT_A 6 N 1125 1125 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 240000 0 ALT_A 7.875 N 1299.370066 1299.37 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 192000 0 ALT_A 6.25 N 1591.231249 1591.23 6/1/2006 2/6/2006 4/1/2006 6/1/2006 3/1/2036 265000 0 ALT_A 6.125 N 1333.521909 1333.52 6/1/2006 12/31/2005 2/1/2006 6/1/2006 1/1/2036 226500 0 ALT_A 7.875 N 864.6379667 864.64 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 137000 0 ALT_A 5.625 N 998.2199754 998.22 6/1/2006 2/21/2006 2/1/2006 6/1/2006 1/1/2036 277500 0 ALT_A 7.375 N 809.7160458 809.72 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 143000 143000 ALT_A 7.125 N 767 767 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 166000 0 ALT_A 7 N 834.9837668 834.98 6/1/2006 2/4/2006 4/1/2006 6/1/2006 3/1/2036 136000 0 ALT_A 7.6 N 488.2510578 488.25 6/1/2006 8/8/2005 10/1/2005 6/1/2006 9/1/2035 83000 75000 ALT_A 8.645 N 703.0237771 703.02 6/1/2006 11/30/2005 1/1/2006 6/1/2006 12/1/2035 98000 0 ALT_A 8 N 2591.869784 2591.87 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 410000 0 ALT_A 9.375 N 1361.68304 1361.68 6/1/2006 4/4/2006 6/1/2006 6/1/2006 5/1/2036 180000 178000 ALT_A 10 N 3532.431309 3532.43 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 438000 0 ALT_A 9.625 N 2156.196528 2156.2 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 278000 275900 ALT_A 7.375 N 1977.416667 1977.42 6/1/2006 2/13/2006 4/1/2006 6/1/2006 3/1/2036 392000 389000 ALT_A 7.625 N 1835.203125 1835.2 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 329000 0 ALT_A 9.125 N 2969.3452 2969.35 6/1/2006 3/18/2006 5/1/2006 6/1/2006 4/1/2036 420000 0 ALT_A 8.125 N 1505.755208 1505.76 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 270000 245000 ALT_A 9.375 N 3710.203788 3710.2 6/1/2006 4/6/2006 5/1/2006 6/1/2006 4/1/2036 510000 485000 ALT_A 7.375 N 2197.699582 2197.7 6/1/2006 2/13/2006 4/1/2006 6/1/2006 3/1/2036 360000 345000 ALT_A 6 N 2520.833333 2520.83 6/1/2006 12/16/2005 2/1/2006 6/1/2006 1/1/2036 605000 0 ALT_A 6.75 N 1783.010687 1783.01 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 335000 0 ALT_A 7.5 N 2435.801635 2435.8 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 425000 0 ALT_A 9 N 2254.6875 2254.69 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 325000 0 ALT_A 7.625 N 1210.351086 1210.35 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 188000 0 ALT_A 8 N 675.3060377 675.31 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 100000 0 ALT_A 8.375 N 2619.84375 2619.84 6/1/2006 2/1/2006 3/1/2006 6/1/2006 2/1/2036 405000 405000 ALT_A 8.875 N 3130.452918 3130.45 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 405000 0 ALT_A 9.375 N 4291.145833 4291.15 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 655000 0 ALT_A 7.5 N 1931.041667 1931.04 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 347000 0 ALT_A 9.25 N 2564.605332 2564.61 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 449000 0 ALT_A 6.5 N 1265.625 1265.63 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 250000 0 ALT_A 9.125 N 2170.865819 2170.87 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 290000 0 ALT_A 8 N 2941.208755 2941.21 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 435000 0 ALT_A 9.25 N 1664.89133 1664.89 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 385000 220000 ALT_A 8.125 N 3855.989583 3855.99 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 650000 0 ALT_A 7.625 N 2755.26369 2755.26 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 450000 0 ALT_A 7.125 N 1906.744792 1906.74 6/1/2006 2/13/2006 4/1/2006 6/1/2006 3/1/2036 365000 0 ALT_A 7 N 1129.791667 1129.79 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 220000 0 ALT_A 8.74 N 2210.733773 2210.73 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 495000 0 ALT_A 7.34 N 1650.825 1650.83 6/1/2006 2/27/2006 5/1/2006 6/1/2006 4/1/2036 290000 0 ALT_A 7.625 N 1421.136009 1421.14 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 245000 245000 ALT_A 6.25 N 1126.666667 1126.67 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 320000 0 ALT_A 7.125 N 1961.75 1961.75 6/1/2006 2/2/2006 3/1/2006 6/1/2006 2/1/2036 401000 399000 ALT_A 7.25 N 1575 1575 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 280000 0 ALT_A 7.875 N 1187.995489 1188 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 215000 200000 ALT_A 5.625 N 1700.567708 1700.57 6/1/2006 1/26/2006 3/1/2006 6/1/2006 2/1/2036 390000 385950 ALT_A 5.75 N 1875 1875 6/1/2006 4/3/2006 6/1/2006 6/1/2006 5/1/2036 540000 0 ALT_A 8.25 N 1324.583333 1324.58 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 336000 0 ALT_A 6.74 N 1456.25 1456.25 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 1030000 0 ALT_A 7.25 N 2109.375 2109.38 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 376000 0 ALT_A 8.375 N 905.625 905.63 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 140000 0 ALT_A 7.125 N 1597.916667 1597.92 6/1/2006 5/9/2006 7/1/2006 6/1/2006 6/1/2036 400000 0 ALT_A 8.5 N 1575 1575 6/1/2006 5/10/2006 7/1/2006 6/1/2006 6/1/2036 270000 0 ALT_A 11 N 3015.766606 3015.77 6/1/2006 5/5/2006 7/1/2006 6/1/2006 6/1/2036 345000 0 ALT_A 7.74 N 1818.007584 1818.01 6/1/2006 5/10/2006 7/1/2006 6/1/2006 6/1/2036 310000 309900 ALT_A 9.125 N 1217.1875 1217.19 6/1/2006 5/8/2006 7/1/2006 6/1/2006 6/1/2036 186000 0 ALT_A 9.25 N 2421.660117 2421.66 6/1/2006 5/5/2006 7/1/2006 6/1/2006 6/1/2036 320000 0 ALT_A 6.82 Y 473.34375 473.34 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 73000 72500 ALT_A 7.625 N 1428.386703 1428.39 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 250000 0 ALT_A 7 N 2015.5 2015.5 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 417000 0 ALT_A 7.375 N 1104.158244 1104.16 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 195000 0 ALT_A 8 N 955.6111204 955.61 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 159000 0 ALT_A 6.875 N 929.515625 929.52 6/1/2006 3/30/2006 5/1/2006 6/1/2006 4/1/2036 201000 195700 ALT_A 6.625 N 1246.666667 1246.67 6/1/2006 4/19/2006 6/1/2006 6/1/2006 5/1/2036 272000 272000 ALT_A 5.74 Y 1073.697917 1073.7 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 180000 175000 ALT_A 6.375 N 795 795 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 180000 0 ALT_A 6 N 845.8333333 845.83 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 208000 203000 ALT_A 5.775 Y 1888.125 1888.13 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 380000 380000 ALT_A 5.875 N 837.0833333 837.08 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 207000 205000 ALT_A 6.125 N 930.75 930.75 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 220000 219000 ALT_A 6.775 Y 1397.916667 1397.92 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 245000 245000 ALT_A 7.875 N 1367.708333 1367.71 6/1/2006 12/29/2005 2/1/2006 6/1/2006 1/1/2036 260000 252500 ALT_A 6.875 N 1182.5125 1182.51 6/1/2006 4/10/2006 6/1/2006 6/1/2006 5/1/2036 252000 248950 ALT_A 6.375 N 1037.916667 1037.92 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 235000 0 ALT_A 7 N 1580.5 1580.5 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 327000 327000 ALT_A 6.125 N 1058.25 1058.25 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 255000 249000 ALT_A 6.75 N 1302.875 1302.88 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 281000 279230 ALT_A 5.54 Y 2328.895833 2328.9 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 430000 429950 ALT_A 6.25 N 910 910 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 215000 210000 ALT_A 5.125 N 859.7760417 859.78 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 240000 239950 ALT_A 5.625 N 985.0416667 985.04 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 252000 251500 ALT_A 6.01 Y 979.6875 979.69 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 165000 165000 ALT_A 6 N 1670.833333 1670.83 6/1/2006 4/5/2006 6/1/2006 6/1/2006 5/1/2036 401000 401000 ALT_A 6.5 N 1085.625 1085.63 6/1/2006 5/10/2006 7/1/2006 6/1/2006 6/1/2036 265000 0 ALT_A 6.125 N 950.140625 950.14 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 226000 223572 ALT_A 7 N 1270.864583 1270.86 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 263000 262950 ALT_A 5.505 Y 1785.4375 1785.44 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 325000 323400 ALT_A 5.75 N 700 700 6/1/2006 4/20/2006 6/1/2006 6/1/2006 5/1/2036 175000 0 ALT_A 7.125 N 1376.666667 1376.67 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 280000 0 ALT_A 6.625 N 1054.166667 1054.17 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 230000 230000 ALT_A 7.25 N 1625 1625 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 325000 0 ALT_A 6.125 N 1955 1955 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 460000 460000 ALT_A 6.625 N 1502.760417 1502.76 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 328000 327900 ALT_A 7.75 N 874.6666667 874.67 6/1/2006 3/2/2006 4/1/2006 6/1/2006 3/1/2036 164000 164000 ALT_A 6.5 N 1047.375 1047.38 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 234000 232800 ALT_A 5.625 N 1226.895833 1226.9 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 358000 0 ALT_A 6.25 N 1534 1534 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 355000 354000 ALT_A 6.7 Y 1315.686667 1315.69 6/1/2006 5/3/2006 7/1/2006 6/1/2006 6/1/2036 208000 208000 ALT_A 6.25 N 4008.333333 4008.33 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 925000 925000 ALT_A 6.125 N 2210 2210 6/1/2006 4/3/2006 6/1/2006 6/1/2006 5/1/2036 520000 0 ALT_A 6.875 N 2731.25 2731.25 6/1/2006 5/3/2006 7/1/2006 6/1/2006 6/1/2036 635000 575000 ALT_A 6.625 N 1420.833333 1420.83 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 310000 310000 ALT_A 6.75 N 1586.666667 1586.67 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 340000 340000 ALT_A 6.76 Y 1480.875 1480.88 6/1/2006 5/2/2006 7/1/2006 6/1/2006 6/1/2036 235000 226880 ALT_A 6.5 N 967.5 967.5 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 215000 0 ALT_A 6.135 Y 820.8325527 820.83 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 147000 0 ALT_A 6.675 Y 1294.200865 1294.2 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 193000 192500 ALT_A 6.375 N 706.6666667 706.67 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 170000 160000 ALT_A 6.175 Y 870.4443321 870.44 6/1/2006 5/3/2006 7/1/2006 6/1/2006 6/1/2036 136500 136000 ALT_A 0 X 000 000 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 150000 150000 ALT_A 7.02 Y 1029.5625 1029.56 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 155000 153000 ALT_A 6.375 N 1998.541667 1998.54 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 500000 0 ALT_A 7.25 N 725 725 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 145000 0 ALT_A 6.74 N 992.58 992.58 6/1/2006 5/3/2006 7/1/2006 6/1/2006 6/1/2036 213000 213000 ALT_A 7.46 Y 1835.677083 1835.68 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 289000 265000 ALT_A 6.135 Y 1478.932292 1478.93 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 245000 245000 ALT_A 6.645 Y 1228.5 1228.5 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 208000 208000 ALT_A 6.96 Y 2219.9375 2219.94 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 341000 339900 ALT_A 6.125 N 904.6113533 904.61 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 190000 0 ALT_A 6.5 N 895.5 895.5 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 199000 199000 ALT_A 5.625 N 1022.25 1022.25 6/1/2006 3/28/2006 5/1/2006 6/1/2006 4/1/2036 261000 261000 ALT_A 7.375 N 1484.333333 1484.33 6/1/2006 2/8/2006 4/1/2006 6/1/2006 3/1/2036 292000 0 ALT_A 7.125 N 624.4166667 624.42 6/1/2006 3/28/2006 5/1/2006 6/1/2006 4/1/2036 128000 127000 ALT_A 6.625 N 967.0833333 967.08 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 217000 211000 ALT_A 6.5 N 1282.5 1282.5 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 285000 285000 ALT_A 7.125 N 1149.621146 1149.62 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 234000 233822 ALT_A 6.75 N 1260 1260 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 270000 270000 ALT_A 6.375 N 817.0833333 817.08 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 185000 185000 ALT_A 6.625 N 2062.5 2062.5 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 460000 450000 ALT_A 5.375 N 2109.375 2109.38 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 2181000 0 ALT_A 7.125 N 1991.25 1991.25 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 410000 405000 ALT_A 7.5 N 5011.666667 5011.67 6/1/2006 4/11/2006 6/1/2006 6/1/2006 5/1/2036 970000 0 ALT_A 6.5 N 5062.5 5062.5 6/1/2006 12/14/2005 2/1/2006 6/1/2006 1/1/2036 1500000 0 ALT_A 5.125 N 2239.583333 2239.58 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 625000 0 ALT_A 7 N 2664.375 2664.38 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 588000 0 ALT_A 7.75 N 1333.333333 1333.33 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 250000 0 ALT_A 6.125 N 398.4375 398.44 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 250000 0 ALT_A 7.125 N 1302.916667 1302.92 6/1/2006 2/8/2006 4/1/2006 6/1/2006 3/1/2036 266000 0 ALT_A 6.125 N 1156 1156 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 295000 272000 ALT_A 6.5 N 897.1875 897.19 6/1/2006 5/3/2006 7/1/2006 6/1/2006 6/1/2036 205000 0 ALT_A 6.875 N 1724.25 1724.25 6/1/2006 4/3/2006 6/1/2006 6/1/2006 5/1/2036 405000 363000 ALT_A 6.5 N 1556.15625 1556.16 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 345850 345850 ALT_A 6.125 N 2414 2414 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 568000 568000 ALT_A 5.625 N 504.2708333 504.27 6/1/2006 4/1/2006 6/1/2006 6/1/2006 5/1/2036 313000 0 ALT_A 6.125 N 1657.5 1657.5 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 390000 0 ALT_A 7.5 N 1963.333333 1963.33 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 380000 380000 ALT_A 6.5 N 1620 1620 6/1/2006 1/19/2006 3/1/2006 6/1/2006 2/1/2036 360000 0 ALT_A 5.75 N 2441.369738 2441.37 6/1/2006 1/12/2006 3/1/2006 6/1/2006 2/1/2036 509000 0 ALT_A 7.625 N 2132.300625 2132.3 6/1/2006 3/23/2006 5/1/2006 6/1/2006 4/1/2036 440000 406153 ALT_A 6.125 N 919.0625 919.06 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 275000 0 ALT_A 6.375 N 1457.5 1457.5 6/1/2006 1/19/2006 3/1/2006 6/1/2006 2/1/2036 368000 330000 ALT_A 6.125 N 1224 1224 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 290000 288000 ALT_A 7.75 N 1908.8 1908.8 6/1/2006 4/19/2006 6/1/2006 6/1/2006 5/1/2036 358000 357900 ALT_A 6.25 N 1065.75625 1065.76 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 302700 0 ALT_A 6.375 N 1148.333333 1148.33 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 260000 260000 ALT_A 6.125 N 1402.5 1402.5 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 330000 330000 ALT_A 6.5 N 1723.5 1723.5 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 383000 383000 ALT_A 5.875 N 1694.583333 1694.58 6/1/2006 12/28/2005 2/1/2006 6/1/2006 1/1/2036 415000 415000 ALT_A 5.5 N 1816.233333 1816.23 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 475000 473800 ALT_A 5.125 N 1415.416667 1415.42 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 395000 395000 ALT_A 6.625 N 2525.416667 2525.42 6/1/2006 12/23/2005 2/1/2006 6/1/2006 1/1/2036 551000 551000 ALT_A 5.625 N 1151.5 1151.5 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 325000 294000 ALT_A 5.75 N 1135 1135 6/1/2006 3/4/2006 5/1/2006 6/1/2006 4/1/2036 287000 283750 ALT_A 6.625 N 2328.90625 2328.91 6/1/2006 3/22/2006 5/1/2006 6/1/2006 4/1/2036 528000 508128 ALT_A 7.625 N 2572.5 2572.5 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 490000 490000 ALT_A 5.125 N 1171.078125 1171.08 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 327000 326820 ALT_A 5.375 N 1575 1575 6/1/2006 5/5/2006 7/1/2006 6/1/2006 6/1/2036 485000 0 ALT_A 7 N 3383.333333 3383.33 6/1/2006 12/7/2005 2/1/2006 6/1/2006 1/1/2036 776000 700000 ALT_A 6.375 N 3511.25 3511.25 6/1/2006 1/23/2006 3/1/2006 6/1/2006 2/1/2036 795000 795000 ALT_A 6.25 N 3996.145833 3996.15 6/1/2006 1/13/2006 3/1/2006 6/1/2006 2/1/2036 1135000 0 ALT_A 6.625 N 1741.208333 1741.21 6/1/2006 3/28/2006 5/1/2006 6/1/2006 4/1/2036 390500 379900 ALT_A 5.75 N 1330 1330 6/1/2006 12/28/2005 2/1/2006 6/1/2006 1/1/2036 373500 0 ALT_A 7 N 2445.666667 2445.67 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 506000 506000 ALT_A 7.375 N 2414.583333 2414.58 6/1/2006 2/2/2006 4/1/2006 6/1/2006 3/1/2036 477000 475000 ALT_A 6.125 N 398.4375 398.44 6/1/2006 12/29/2005 2/1/2006 6/1/2006 1/1/2036 122900 0 ALT_A 5.625 N 979.1666667 979.17 6/1/2006 1/17/2006 3/1/2006 6/1/2006 2/1/2036 250000 250000 ALT_A 6.625 N 1672.916667 1672.92 6/1/2006 2/2/2006 4/1/2006 6/1/2006 3/1/2036 375000 365000 ALT_A 6 N 2171.875 2171.88 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 604000 0 ALT_A 7.875 N 2518.75 2518.75 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 575000 465000 ALT_A 5.375 N 1702.03125 1702.03 6/1/2006 1/19/2006 3/1/2006 6/1/2006 2/1/2036 460000 453900 ALT_A 6.125 N 1530 1530 6/1/2006 1/23/2006 3/1/2006 6/1/2006 2/1/2036 360000 360000 ALT_A 6.75 N 2336.542363 2336.54 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 450000 439000 ALT_A 6.875 N 1894.953125 1894.95 6/1/2006 3/19/2006 5/1/2006 6/1/2006 4/1/2036 399000 398990 ALT_A 5.625 N 2232.5 2232.5 6/1/2006 2/8/2006 4/1/2006 6/1/2006 3/1/2036 578000 570000 ALT_A 6.5 N 2092.5 2092.5 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 470000 465000 ALT_A 5.375 N 1837.5 1837.5 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 490000 490000 ALT_A 7 N 2199.166667 2199.17 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 455000 455000 ALT_A 4.75 N 1410.541667 1410.54 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 424000 423163 ALT_A 6.75 N 3013.645833 3013.65 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 650000 645782 ALT_A 5.25 N 1776.729167 1776.73 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 485000 484570 ALT_A 6.375 N 1501.666667 1501.67 6/1/2006 2/22/2006 5/1/2006 6/1/2006 4/1/2036 348000 0 ALT_A 7.375 N 2516.25 2516.25 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 496000 495000 ALT_A 6.5 N 1674 1674 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 372000 0 ALT_A 6.5 N 1305 1305 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 290000 0 ALT_A 6.74 N 1609.15625 1609.16 6/1/2006 4/10/2006 6/1/2006 6/1/2006 5/1/2036 425000 0 ALT_A 6.375 N 2429.166667 2429.17 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 560000 550000 ALT_A 5.74 N 1145.5875 1145.59 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 355000 0 ALT_A 6.25 N 1365 1365 6/1/2006 2/6/2006 4/1/2006 6/1/2006 3/1/2036 325000 325000 ALT_A 6.25 N 1235 1235 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 310000 285000 ALT_A 4.5 N 1207.291667 1207.29 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 615000 0 ALT_A 6.625 N 1375 1375 6/1/2006 1/11/2006 3/1/2006 6/1/2006 2/1/2036 310000 0 ALT_A 6.375 N 1590 1590 6/1/2006 1/10/2006 3/1/2006 6/1/2006 2/1/2036 360000 0 ALT_A 6.75 N 910 910 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 195000 195000 ALT_A 5.125 N 783.8541667 783.85 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 350000 0 ALT_A 7.5 N 1705 1705 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 330000 0 ALT_A 7.625 N 1732.5 1732.5 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 330000 0 ALT_A 5.749 N 1139.81 1139.81 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 351000 0 ALT_A 6.625 N 2853.411458 2853.41 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 625000 622585 ALT_A 7.25 N 500 500 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 275000 0 ALT_A 7.125 N 1966.420833 1966.42 6/1/2006 4/4/2006 6/1/2006 6/1/2006 5/1/2036 400000 399950 ALT_A 6 N 3171.875 3171.88 6/1/2006 2/8/2006 4/1/2006 6/1/2006 3/1/2036 875000 0 ALT_A 6.74 N 2159.91 2159.91 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 463500 0 ALT_A 7.74 N 2263.833333 2263.83 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 425000 425000 ALT_A 6.74 N 3005.7 3005.7 6/1/2006 4/1/2006 6/1/2006 6/1/2006 5/1/2036 645000 645000 ALT_A 6.74 N 3774.6 3774.6 6/1/2006 4/11/2006 6/1/2006 6/1/2006 5/1/2036 810000 810000 ALT_A 6.5 N 3622.5 3622.5 6/1/2006 4/4/2006 6/1/2006 6/1/2006 5/1/2036 805000 805000 ALT_A 6.875 N 3087.5 3087.5 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 650000 650000 ALT_A 6.625 N 2979.166667 2979.17 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 650000 650000 ALT_A 6.5 N 3231 3231 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 718000 718000 ALT_A 8.25 N 2068.333333 2068.33 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 365000 365000 ALT_A 7.125 N 1809.333333 1809.33 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 368000 368000 ALT_A 5.875 N 2041.666667 2041.67 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 625000 0 ALT_A 7.25 N 3025 3025 6/1/2006 11/21/2005 1/1/2006 6/1/2006 12/1/2035 626000 605000 ALT_A 7.125 N 3269.583333 3269.58 6/1/2006 1/26/2006 3/1/2006 6/1/2006 2/1/2036 665000 665000 ALT_A 6.75 N 1619.333333 1619.33 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 350000 347000 ALT_A 6.125 N 1859.375 1859.38 6/1/2006 2/13/2006 4/1/2006 6/1/2006 3/1/2036 685000 0 ALT_A 6.25 N 1949.5125 1949.51 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 450000 449888 ALT_A 6.625 N 3162.5 3162.5 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 690000 690000 ALT_A 6.5 N 2362.5 2362.5 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 525000 525000 ALT_A 5.75 N 2782.5 2782.5 6/1/2006 2/6/2006 4/1/2006 6/1/2006 3/1/2036 820000 795000 ALT_A 5.875 N 2041.666667 2041.67 6/1/2006 1/6/2006 3/1/2006 6/1/2006 2/1/2036 550000 540000 ALT_A 6.5 N 1732.5 1732.5 6/1/2006 12/30/2005 2/1/2006 6/1/2006 1/1/2036 385000 385000 ALT_A 6.74 N 3355.2 3355.2 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 720000 720000 ALT_A 7.5 N 3823.333333 3823.33 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 740000 740000 ALT_A 5.25 N 2062.5 2062.5 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 730000 700000 ALT_A 7.25 N 3600 3600 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 775000 720000 ALT_A 7.125 N 3779.933333 3779.93 6/1/2006 10/2/2005 12/1/2005 6/1/2006 11/1/2035 770000 768800 ALT_A 6.125 N 2741.25 2741.25 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 700000 645000 ALT_A 6.625 N 3047.916667 3047.92 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 665000 665000 ALT_A 7.625 N 3150 3150 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 600000 600000 ALT_A 6.75 N 2940 2940 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 630000 630000 ALT_A 6.125 N 2523.4375 2523.44 6/1/2006 1/31/2006 4/1/2006 6/1/2006 3/1/2036 600000 0 ALT_A 6.5 N 2767.5 2767.5 6/1/2006 2/6/2006 4/1/2006 6/1/2006 3/1/2036 615000 615000 ALT_A 6.25 N 2600 2600 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 600000 0 ALT_A 6.625 N 3611.666667 3611.67 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 788000 788000 ALT_A 6.375 N 4140.625 4140.63 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 1000000 1000000 ALT_A 7.125 N 3353.166667 3353.17 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 690000 0 ALT_A 6.25 N 2678 2678 6/1/2006 2/13/2006 4/1/2006 6/1/2006 3/1/2036 618000 618000 ALT_A 7.375 N 3266.041667 3266.04 6/1/2006 3/18/2006 5/1/2006 6/1/2006 4/1/2036 643000 642500 ALT_A 6.625 N 2795.833333 2795.83 6/1/2006 1/27/2006 4/1/2006 6/1/2006 3/1/2036 610000 610000 ALT_A 6.25 N 3466.666667 3466.67 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 800000 800000 ALT_A 5.375 N 2231.25 2231.25 6/1/2006 1/31/2006 4/1/2006 6/1/2006 3/1/2036 680000 0 ALT_A 7.125 N 3933.333333 3933.33 6/1/2006 1/3/2006 2/1/2006 6/1/2006 1/1/2036 800000 800000 ALT_A 6.75 N 1981 1981 6/1/2006 12/9/2005 2/1/2006 6/1/2006 1/1/2036 424500 424500 ALT_A 5.875 N 2128.4375 2128.44 6/1/2006 1/26/2006 3/1/2006 6/1/2006 2/1/2036 870000 0 ALT_A 6.125 N 1092.78125 1092.78 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 875000 0 ALT_A 5.75 N 2012 2012 6/1/2006 1/5/2006 3/1/2006 6/1/2006 2/1/2036 503000 0 ALT_A 6.25 N 1346.041667 1346.04 6/1/2006 1/19/2006 3/1/2006 6/1/2006 2/1/2036 375000 355000 ALT_A 7 N 1967.166667 1967.17 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 407000 407000 ALT_A 6.875 N 1543.75 1543.75 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 330000 325000 ALT_A 6.875 N 2161.25 2161.25 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 455000 455000 ALT_A 6.5 N 3425.625 3425.63 6/1/2006 1/23/2006 3/1/2006 6/1/2006 2/1/2036 819000 0 ALT_A 6.625 N 2323.75 2323.75 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 507500 0 ALT_A 6.875 N 2232.5 2232.5 6/1/2006 4/20/2006 6/1/2006 6/1/2006 5/1/2036 490000 470000 ALT_A 7 N 1604.666667 1604.67 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 332000 332000 ALT_A 6.625 N 2016.666667 2016.67 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 440000 440000 ALT_A 6.125 N 1460.9375 1460.94 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 475000 0 ALT_A 6.625 N 1865.416667 1865.42 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 440000 0 ALT_A 6.105 Y 2629.6875 2629.69 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 540000 0 ALT_A 6.375 N 1766.666667 1766.67 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 400000 0 ALT_A 5.75 N 2000 2000 6/1/2006 1/16/2006 3/1/2006 6/1/2006 2/1/2036 500000 500000 ALT_A 7.74 N 4927.166667 4927.17 6/1/2006 5/8/2006 7/1/2006 6/1/2006 6/1/2036 925000 925000 ALT_A 6.125 N 3421.25 3421.25 6/1/2006 4/20/2006 6/1/2006 6/1/2006 5/1/2036 920000 0 ALT_A 7.5 N 3900.833333 3900.83 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 755000 755000 ALT_A 6.625 N 2016.666667 2016.67 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 440000 440000 ALT_A 4.875 N 2870 2870 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 1050000 0 ALT_A 6.25 N 2773.116667 2773.12 6/1/2006 1/30/2006 3/1/2006 6/1/2006 2/1/2036 645000 639950 ALT_A 6.375 N 1839.541667 1839.54 6/1/2006 1/21/2006 3/1/2006 6/1/2006 2/1/2036 416500 416500 ALT_A 6.5 N 2572.875 2572.88 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 572000 571804 ALT_A 6.75 N 5436.666667 5436.67 6/1/2006 1/23/2006 3/1/2006 6/1/2006 2/1/2036 1250000 1165000 ALT_A 6.625 N 2795.833333 2795.83 6/1/2006 1/17/2006 3/1/2006 6/1/2006 2/1/2036 610000 610000 ALT_A 6 N 3385.416667 3385.42 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 825000 0 ALT_A 6.625 N 2429.166667 2429.17 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 530000 0 ALT_A 6 N 1700.520833 1700.52 6/1/2006 1/9/2006 3/1/2006 6/1/2006 2/1/2036 575000 0 ALT_A 6.375 N 3226.927083 3226.93 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 835000 835000 ALT_A 6.125 N 1753.125 1753.13 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 675000 0 ALT_A 6.625 N 3047.916667 3047.92 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 665000 665000 ALT_A 5.875 N 1768.083333 1768.08 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 435000 433000 ALT_A 7.25 N 3300 3300 6/1/2006 4/15/2006 6/1/2006 6/1/2006 5/1/2036 667400 660000 ALT_A 6.375 N 3312.5 3312.5 6/1/2006 4/10/2006 6/1/2006 6/1/2006 5/1/2036 750000 0 ALT_A 6.5 N 562.5 562.5 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 500000 0 ALT_A 6.375 N 2823.630208 2823.63 6/1/2006 2/6/2006 4/1/2006 6/1/2006 3/1/2036 639350 639350 ALT_A 6.5 N 2745 2745 6/1/2006 4/1/2006 6/1/2006 6/1/2006 5/1/2036 610000 610000 ALT_A 6.125 N 2490.234375 2490.23 6/1/2006 4/20/2006 6/1/2006 6/1/2006 5/1/2036 625000 0 ALT_A 6.25 N 2800.416667 2800.42 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 670000 0 ALT_A 6.375 N 2517.5 2517.5 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 570000 570000 ALT_A 6.125 N 2486.25 2486.25 6/1/2006 12/30/2005 3/1/2006 6/1/2006 2/1/2036 585000 585000 ALT_A 6.625 N 3300 3300 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 720000 720000 ALT_A 7.125 N 2551.75 2551.75 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 519000 519500 ALT_A 7.625 N 2625 2625 6/1/2006 1/15/2006 3/1/2006 6/1/2006 2/1/2036 500000 500000 ALT_A 4.75 N 2958.333333 2958.33 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 1190000 0 ALT_A 4.875 N 1499.0625 1499.06 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 540000 0 ALT_A 5.875 N 1633.333333 1633.33 6/1/2006 4/11/2006 6/1/2006 6/1/2006 5/1/2036 400000 400000 ALT_A 6.125 N 2698.75 2698.75 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 635000 635000 ALT_A 6.25 N 1503.666667 1503.67 6/1/2006 1/1/2006 3/1/2006 6/1/2006 2/1/2036 365000 347000 ALT_A 6 N 1382.8125 1382.81 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 590000 0 ALT_A 6.25 N 3314.729167 3314.73 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 785000 764990 ALT_A 6.625 N 2222.916667 2222.92 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 485000 0 ALT_A 6.125 N 1721.25 1721.25 6/1/2006 1/4/2006 3/1/2006 6/1/2006 2/1/2036 405000 0 ALT_A 5.625 N 1566.666667 1566.67 6/1/2006 1/21/2006 3/1/2006 6/1/2006 2/1/2036 402000 0 ALT_A 6.875 N 2968.75 2968.75 6/1/2006 2/8/2006 4/1/2006 6/1/2006 3/1/2036 625000 625000 ALT_A 7.125 N 1548.75 1548.75 6/1/2006 1/5/2006 3/1/2006 6/1/2006 2/1/2036 315000 315000 ALT_A 5.74 N 2256.233333 2256.23 6/1/2006 5/2/2006 7/1/2006 6/1/2006 6/1/2036 565000 565000 ALT_A 5.75 N 1925 1925 6/1/2006 1/9/2006 3/1/2006 6/1/2006 2/1/2036 525000 0 ALT_A 5.75 N 2195 2195 6/1/2006 4/19/2006 6/1/2006 6/1/2006 5/1/2036 600000 0 ALT_A 5.75 N 1679 1679 6/1/2006 4/20/2006 6/1/2006 6/1/2006 5/1/2036 505000 485000 ALT_A 6.375 N 2733.916667 2733.92 6/1/2006 2/2/2006 4/1/2006 6/1/2006 3/1/2036 619000 619000 ALT_A 5.125 N 1007.8125 1007.81 6/1/2006 3/22/2006 5/1/2006 6/1/2006 4/1/2036 485000 0 ALT_A 6.625 N 5088.072917 5088.07 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 1110173 1110173 ALT_A 6.625 N 2389.0625 2389.06 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 530000 523000 ALT_A 5.125 N 1867.8125 1867.81 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 575000 575000 ALT_A 6.125 N 2082.5 2082.5 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 490000 490000 ALT_A 5.875 N 3317.708333 3317.71 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 838000 830000 ALT_A 6.75 N 1796.666667 1796.67 6/1/2006 1/10/2006 3/1/2006 6/1/2006 2/1/2036 388000 385000 ALT_A 6.625 N 2181.666667 2181.67 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 476000 476000 ALT_A 6.25 N 2020.416667 2020.42 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 630000 0 ALT_A 5.74 N 878.5333333 878.53 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 540000 0 ALT_A 5.875 N 1939.583333 1939.58 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 555000 0 ALT_A 5.375 N 1364.53125 1364.53 6/1/2006 5/5/2006 7/1/2006 6/1/2006 6/1/2036 363888 363888 ALT_A 7.375 N 3736.25 3736.25 6/1/2006 12/14/2005 2/1/2006 6/1/2006 1/1/2036 735000 735000 ALT_A 6.5 N 7312.5 7312.5 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 2000000 0 ALT_A 5.75 N 2014.489765 2014.49 6/1/2006 2/8/2006 4/1/2006 6/1/2006 3/1/2036 650000 0 ALT_A 6.875 N 3025.75 3025.75 6/1/2006 1/31/2006 3/1/2006 6/1/2006 2/1/2036 650000 637000 ALT_A 6.375 N 3528.916667 3528.92 6/1/2006 1/30/2006 4/1/2006 6/1/2006 3/1/2036 815000 799000 ALT_A 5.125 N 3202.604167 3202.6 6/1/2006 12/2/2005 1/1/2006 6/1/2006 12/1/2035 1100000 0 ALT_A 6.125 N 2236.5625 2236.56 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 1425000 0 ALT_A 6.125 N 2698.325 2698.33 6/1/2006 3/25/2006 5/1/2006 6/1/2006 4/1/2036 655000 634900 ALT_A 6 N 1328.125 1328.13 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 535000 0 ALT_A 7.25 N 1875 1875 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 595000 0 ALT_A 6.375 N 3356.225 3356.23 6/1/2006 2/28/2006 5/1/2006 6/1/2006 4/1/2036 760000 759900 ALT_A 6.125 N 2294.7875 2294.79 6/1/2006 1/30/2006 3/1/2006 6/1/2006 2/1/2036 540000 539950 ALT_A 6.5 N 2263.5 2263.5 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 510000 503000 ALT_A 6.375 N 3069.583333 3069.58 6/1/2006 4/4/2006 5/1/2006 6/1/2006 4/1/2036 710000 695000 ALT_A 6.75 N 2706.666667 2706.67 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 585000 580000 ALT_A 6.125 N 2271.335618 2271.34 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 456000 455091 ALT_A 5.25 N 1026.4375 1026.44 6/1/2006 2/24/2006 5/1/2006 6/1/2006 4/1/2036 286000 279950 ALT_A 7 N 1711 1711 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 354000 354000 ALT_A 6.25 N 1256.666667 1256.67 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 290000 0 ALT_A 5.5 N 1760.639308 1760.64 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 431000 431000 ALT_A 6.25 N 1170 1170 6/1/2006 1/14/2006 3/1/2006 6/1/2006 2/1/2036 270000 270000 ALT_A 6.25 N 845 845 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 195000 0 ALT_A 6.375 N 1485.52143 1485.52 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 291500 0 ALT_A 6.74 N 1269.85 1269.85 6/1/2006 4/11/2006 6/1/2006 6/1/2006 5/1/2036 276000 0 ALT_A 6.75 N 697.2370149 697.24 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 131000 0 ALT_A 6 N 1333.333333 1333.33 6/1/2006 1/9/2006 3/1/2006 6/1/2006 2/1/2036 320000 320000 ALT_A 6.25 N 1560 1560 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 380000 360000 ALT_A 6.375 N 1391.25 1391.25 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 315000 315000 ALT_A 6.375 N 1302.916667 1302.92 6/1/2006 1/6/2006 3/1/2006 6/1/2006 2/1/2036 415000 0 ALT_A 6.25 N 1150.363803 1150.36 6/1/2006 2/11/2006 4/1/2006 6/1/2006 3/1/2036 230000 0 ALT_A 5.875 N 1033.083333 1033.08 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 253000 253000 ALT_A 4.75 N 420.8333333 420.83 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 173000 135000 ALT_A 7 N 1226.458333 1226.46 6/1/2006 3/22/2006 5/1/2006 6/1/2006 4/1/2036 390000 0 ALT_A 6.125 N 1504.5 1504.5 6/1/2006 4/11/2006 6/1/2006 6/1/2006 5/1/2036 354000 354000 ALT_A 6.75 N 1675.333333 1675.33 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 365000 359000 ALT_A 7.625 N 1743 1743 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 332000 0 ALT_A 6.625 N 2154.166667 2154.17 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 470000 470000 ALT_A 7.625 N 3333.75 3333.75 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 650000 635000 ALT_A 6.25 N 1029.166667 1029.17 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 315000 0 ALT_A 5.805 Y 2062.5 2062.5 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 400000 0 ALT_A 7 N 1382.333333 1382.33 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 290000 286000 ALT_A 6 N 1354.577841 1354.58 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 275000 0 ALT_A 6 N 1364.583333 1364.58 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 335000 327500 ALT_A 6.625 N 1604.166667 1604.17 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 350000 350000 ALT_A 6.5 N 1687.5 1687.5 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 375000 375000 ALT_A 6.25 N 1235 1235 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 285000 285000 ALT_A 6.625 N 1768.880208 1768.88 6/1/2006 4/5/2006 6/1/2006 6/1/2006 5/1/2036 386000 385990 ALT_A 6.75 N 1330 1330 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 285000 285000 ALT_A 6.75 N 1680 1680 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 360000 360000 ALT_A 6.875 N 1424.40625 1424.41 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 300000 299900 ALT_A 8.375 N 3133.75 3133.75 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 545000 545000 ALT_A 6.875 N 2085.25 2085.25 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 440000 439000 ALT_A 6.625 N 1810.416667 1810.42 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 397000 395000 ALT_A 6.375 N 2340.557292 2340.56 6/1/2006 4/5/2006 6/1/2006 6/1/2006 5/1/2036 530000 529990 ALT_A 7.25 N 2200 2200 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 440000 440000 ALT_A 6.625 N 1816.810417 1816.81 6/1/2006 3/19/2006 5/1/2006 6/1/2006 4/1/2036 400000 396395 ALT_A 5.625 N 2107.166667 2107.17 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 538000 0 ALT_A 6.625 N 1489.583333 1489.58 6/1/2006 2/6/2006 4/1/2006 6/1/2006 3/1/2036 334000 0 ALT_A 4.845 Y 1240.3125 1240.31 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 270000 0 ALT_A 6.875 N 2071 2071 6/1/2006 4/1/2006 6/1/2006 6/1/2006 5/1/2036 436000 436000 ALT_A 6.625 N 1690.104167 1690.1 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 370000 369005 ALT_A 6.125 N 1035.9375 1035.94 6/1/2006 1/17/2006 3/1/2006 6/1/2006 2/1/2036 320000 0 ALT_A 6 N 1229.166667 1229.17 6/1/2006 4/19/2006 6/1/2006 6/1/2006 5/1/2036 295000 295000 ALT_A 6.625 N 1145.833333 1145.83 6/1/2006 4/5/2006 6/1/2006 6/1/2006 5/1/2036 250000 250000 ALT_A 6.375 N 1590 1590 6/1/2006 5/2/2006 7/1/2006 6/1/2006 6/1/2036 360000 360000 ALT_A 7.25 N 751.25 751.25 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 215000 184950 ALT_A 6.375 N 1819.666667 1819.67 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 412000 412000 ALT_A 6.125 N 2125 2125 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 500000 0 ALT_A 6.75 N 1236.666667 1236.67 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 265000 265000 ALT_A 6.375 N 1788.75 1788.75 6/1/2006 4/1/2006 6/1/2006 6/1/2006 5/1/2036 410000 405000 ALT_A 6.875 N 1318.125 1318.13 6/1/2006 3/22/2006 5/1/2006 6/1/2006 4/1/2036 281000 277500 ALT_A 6.75 N 938.0765182 938.08 6/1/2006 4/5/2006 6/1/2006 6/1/2006 5/1/2036 180000 0 ALT_A 6.5 N 1125 1125 6/1/2006 1/9/2006 3/1/2006 6/1/2006 2/1/2036 353000 0 ALT_A 5.875 N 1173.958333 1173.96 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 365000 0 ALT_A 7.625 N 1102.5 1102.5 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 210000 0 ALT_A 6.875 N 641.25 641.25 6/1/2006 1/10/2006 3/1/2006 6/1/2006 2/1/2036 135000 135000 ALT_A 6.125 N 998.1918381 998.19 6/1/2006 3/30/2006 5/1/2006 6/1/2006 4/1/2036 270000 0 ALT_A 5.655 Y 1214.583333 1214.58 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 245000 0 ALT_A 5.625 N 1194.583333 1194.58 6/1/2006 4/5/2006 6/1/2006 6/1/2006 5/1/2036 305000 0 ALT_A 7.125 N 1656.916667 1656.92 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 337200 337200 ALT_A 5.75 N 920 920 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 230000 230000 ALT_A 5.875 N 995.3125 995.31 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 635000 600000 ALT_A 5.625 N 1175 1175 6/1/2006 1/9/2006 3/1/2006 6/1/2006 2/1/2036 353000 300000 ALT_A 5.75 N 1200 1200 6/1/2006 1/22/2006 3/1/2006 6/1/2006 2/1/2036 353000 300000 ALT_A 5.625 N 1077.083333 1077.08 6/1/2006 1/22/2006 3/1/2006 6/1/2006 2/1/2036 306000 275000 ALT_A 5.74 N 419.3 419.3 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 120000 0 ALT_A 7.125 N 1155.416667 1155.42 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 235000 235000 ALT_A 6.25 N 1607.395833 1607.4 6/1/2006 4/4/2006 6/1/2006 6/1/2006 5/1/2036 374000 373154 ALT_A 7 N 2107.333333 2107.33 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 438500 436000 ALT_A 4.875 N 1263.739583 1263.74 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 377000 369900 ALT_A 6.5 Y 1433.058333 1433.06 6/1/2006 4/27/2006 6/1/2006 6/1/2006 5/1/2036 225000 224500 ALT_A 7.125 N 1602.366342 1602.37 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 290000 290000 ALT_A 6.375 N 1302.916667 1302.92 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 295000 295000 ALT_A 6.5 N 1003.5 1003.5 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 223000 223000 ALT_A 5.625 N 1018.333333 1018.33 6/1/2006 1/9/2006 3/1/2006 6/1/2006 2/1/2036 300000 260000 ALT_A 6.375 N 618.3333333 618.33 6/1/2006 3/23/2006 5/1/2006 6/1/2006 4/1/2036 186000 0 ALT_A 6.75 N 1222.666667 1222.67 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 262000 0 ALT_A 6.625 N 912.0833333 912.08 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 200000 200000 ALT_A 6.625 N 1192.325797 1192.33 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 268000 0 ALT_A 6 N 3385.416667 3385.42 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 905000 895000 ALT_A 6.125 N 796.875 796.88 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 1200000 0 ALT_A 7.125 N 4425 4425 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 900000 0 ALT_A 6.625 N 3437.5 3437.5 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 1100000 0 ALT_A 6.375 N 2429.166667 2429.17 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 550000 550000 ALT_A 6.875 N 2527 2527 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 532000 532000 ALT_A 6.75 N 5250 5250 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 1400000 0 ALT_A 5.75 N 721.25 721.25 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 370000 0 ALT_A 6.75 N 2800 2800 6/1/2006 12/20/2005 2/1/2006 6/1/2006 1/1/2036 605000 0 ALT_A 6.875 N 1496.25 1496.25 6/1/2006 2/8/2006 4/1/2006 6/1/2006 3/1/2036 315000 315000 ALT_A 6.625 Y 2142.708333 2142.71 6/1/2006 1/13/2006 3/1/2006 6/1/2006 2/1/2036 440000 0 ALT_A 6.5 N 2784.375 2784.38 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 625000 0 ALT_A 6.625 N 3232.089763 3232.09 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 615000 0 ALT_A 6.625 N 4841.145833 4841.15 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 1300000 0 ALT_A 6.5 N 1535.625 1535.63 6/1/2006 3/23/2006 5/1/2006 6/1/2006 4/1/2036 390000 0 ALT_A 4.75 N 2400 2400 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 720000 0 ALT_A 5.875 N 1735.416667 1735.42 6/1/2006 1/23/2006 3/1/2006 6/1/2006 2/1/2036 478000 0 ALT_A 5.5 N 2731.25 2731.25 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 1000000 0 ALT_A 5.875 N 1852.2 1852.2 6/1/2006 1/26/2006 3/1/2006 6/1/2006 2/1/2036 530000 453600 ALT_A 5.375 N 1087.990604 1087.99 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 480000 0 ALT_A 7 N 2005.833333 2005.83 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 415000 415000 ALT_A 6 N 2278.153642 2278.15 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 729000 729000 ALT_A 6 N 2604.166667 2604.17 6/1/2006 1/16/2006 3/1/2006 6/1/2006 2/1/2036 1000000 0 ALT_A 6 N 2354.166667 2354.17 6/1/2006 1/24/2006 3/1/2006 6/1/2006 2/1/2036 567000 565000 ALT_A 6.5 N 2583 2583 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 583000 574000 ALT_A 6.74 N 2120.3 2120.3 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 455000 455000 ALT_A 7 N 1101.395833 1101.4 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 230000 227900 ALT_A 6.75 N 2473.333333 2473.33 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 530000 530000 ALT_A 6.375 N 2292.25 2292.25 6/1/2006 3/23/2006 5/1/2006 6/1/2006 4/1/2036 520000 519000 ALT_A 6.375 N 1603.25 1603.25 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 363000 363000 ALT_A 6.375 N 1921.25 1921.25 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 435000 435000 ALT_A 5.625 N 1821.25 1821.25 6/1/2006 2/13/2006 4/1/2006 6/1/2006 3/1/2036 475000 465000 ALT_A 6.625 N 1361.25 1361.25 6/1/2006 4/27/2006 6/1/2006 6/1/2006 5/1/2036 305000 297000 ALT_A 6.125 N 2374.6875 2374.69 6/1/2006 1/3/2006 3/1/2006 6/1/2006 2/1/2036 595000 0 ALT_A 6.625 N 3116.666667 3116.67 6/1/2006 4/20/2006 6/1/2006 6/1/2006 5/1/2036 680000 0 ALT_A 6.5 N 2925 2925 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 654000 650000 ALT_A 6.625 N 3162.5 3162.5 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 690000 690000 ALT_A 5.625 N 1960.78125 1960.78 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 595000 0 ALT_A 6.5 N 2893.5 2893.5 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 643000 0 ALT_A 5.375 N 1796.047981 1796.05 6/1/2006 1/15/2006 3/1/2006 6/1/2006 2/1/2036 390000 0 ALT_A 6.125 N 2215.3125 2215.31 6/1/2006 1/13/2006 3/1/2006 6/1/2006 2/1/2036 525000 524900 ALT_A 5.5 N 2376.666667 2376.67 6/1/2006 1/21/2006 3/1/2006 6/1/2006 2/1/2036 620000 0 ALT_A 6.75 N 2832.666667 2832.67 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 607000 607000 ALT_A 6.25 N 2643.333333 2643.33 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 610000 610000 ALT_A 5.75 N 2672 2672 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 668000 668000 ALT_A 6.25 N 2504.666667 2504.67 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 590000 0 ALT_A 6 N 1796.875 1796.88 6/1/2006 3/22/2006 5/1/2006 6/1/2006 4/1/2036 590000 0 ALT_A 6.125 N 2477.75 2477.75 6/1/2006 11/22/2005 1/1/2006 6/1/2006 12/1/2035 593000 0 ALT_A 4.75 N 2166.666667 2166.67 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 650000 0 ALT_A 6 N 1432.291667 1432.29 6/1/2006 4/11/2006 6/1/2006 6/1/2006 5/1/2036 370000 0 ALT_A 6 N 1276.041667 1276.04 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 845000 0 ALT_A 6.75 N 2362.5 2362.5 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 615000 0 ALT_A 5.625 N 1970.572917 1970.57 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 585000 0 ALT_A 6 N 3385.416667 3385.42 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 1210000 1225000 ALT_A 6 N 3307.291667 3307.29 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 1225000 1210000 ALT_A 6.875 N 1603.125 1603.13 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 555000 0 ALT_A 6.75 N 2893.333333 2893.33 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 620000 620000 ALT_A 6.125 N 1955 1955 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 590000 0 ALT_A 6.5 N 2795.625 2795.63 6/1/2006 4/10/2006 6/1/2006 6/1/2006 5/1/2036 635000 0 ALT_A 6.75 N 2426.666667 2426.67 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 520000 520000 ALT_A 6.749 N 5692.52 5692.52 6/1/2006 1/26/2006 3/1/2006 6/1/2006 2/1/2036 1220000 1220000 ALT_A 6.25 N 3640 3640 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 840000 840000 ALT_A 6.625 N 1920.416667 1920.42 6/1/2006 1/30/2006 3/1/2006 6/1/2006 2/1/2036 419000 419000 ALT_A 6.375 N 2566.083333 2566.08 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 581000 581000 ALT_A 5.74 N 2794.834167 2794.83 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 699900 699900 ALT_A 6 N 2500 2500 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 605000 600000 ALT_A 6 N 3817.446643 3817.45 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 775000 0 ALT_A 6.5 N 2531.25 2531.25 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 605000 0 ALT_A 6.749 N 4712.66 4712.66 6/1/2006 1/16/2006 3/1/2006 6/1/2006 2/1/2036 1010000 1010000 ALT_A 6.3 Y 2249.916667 2249.92 6/1/2006 4/27/2006 6/1/2006 6/1/2006 5/1/2036 392000 392000 ALT_A 7.25 N 2500 2500 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 500000 0 ALT_A 7.625 N 833.829801 833.83 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 350000 0 ALT_A 6.625 N 3497.083333 3497.08 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 763000 763000 ALT_A 4.5 N 1182.75 1182.75 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 373500 373500 ALT_A 6.125 N 2890 2890 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 680000 680000 ALT_A 6.625 N 4583.333333 4583.33 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 1000000 0 ALT_A 6.5 N 4204.6875 4204.69 6/1/2006 1/24/2006 3/1/2006 6/1/2006 2/1/2036 1150000 0 ALT_A 6.375 N 2318.75 2318.75 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 525000 0 ALT_A 6.5 N 1845 1845 6/1/2006 4/27/2006 6/1/2006 6/1/2006 5/1/2036 418000 410000 ALT_A 6.5 N 1597.5 1597.5 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 355000 355000 ALT_A 6.625 N 1352.083333 1352.08 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 297000 295000 ALT_A 5.875 N 1020.833333 1020.83 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 260000 250000 ALT_A 7 N 2339.333333 2339.33 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 484000 484000 ALT_A 6.25 N 3939 3939 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 929000 909000 ALT_A 5.175 Y 1582.291667 1582.29 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 350000 0 ALT_A 5.875 N 724.7916667 724.79 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 182000 182000 ALT_A 6.125 N 1870 1870 6/1/2006 2/2/2006 4/1/2006 6/1/2006 3/1/2036 440000 440000 ALT_A 6.375 N 1760.041667 1760.04 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 420000 398550 ALT_A 6.375 N 1689.375 1689.38 6/1/2006 1/13/2006 3/1/2006 6/1/2006 2/1/2036 430000 0 ALT_A 6.5 N 1979.71875 1979.72 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 441000 439990 ALT_A 6.875 N 1994.40625 1994.41 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 420000 419900 ALT_A 6.25 N 1342.25 1342.25 6/1/2006 1/17/2006 3/1/2006 6/1/2006 2/1/2036 310000 309750 ALT_A 6.5 N 1526.0625 1526.06 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 339500 339175 ALT_A 6.375 N 1810.833333 1810.83 6/1/2006 2/2/2006 4/1/2006 6/1/2006 3/1/2036 411000 410550 ALT_A 6.625 N 1627.083333 1627.08 6/1/2006 1/30/2006 3/1/2006 6/1/2006 2/1/2036 355000 355000 ALT_A 7.625 N 1889.530836 1889.53 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 330000 325794 ALT_A 6.25 N 1638 1638 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 378000 378000 ALT_A 6.875 N 2056.75 2056.75 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 433000 433000 ALT_A 6.25 N 3095.354167 3095.35 6/1/2006 1/11/2006 3/1/2006 6/1/2006 2/1/2036 738000 737787 ALT_A 7.125 N 1656.302083 1656.3 6/1/2006 3/22/2006 5/1/2006 6/1/2006 4/1/2036 385000 0 ALT_A 7 N 2999.083333 2999.08 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 634000 620500 ALT_A 6.125 N 1926.578125 1926.58 6/1/2006 1/8/2006 3/1/2006 6/1/2006 2/1/2036 456000 453319 ALT_A 6.5 N 2788.875 2788.88 6/1/2006 1/21/2006 3/1/2006 6/1/2006 2/1/2036 620000 619773 ALT_A 6.125 N 1695.325 1695.33 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 415000 398900 ALT_A 6.25 N 6320.680235 6320.68 6/1/2006 1/21/2006 3/1/2006 6/1/2006 2/1/2036 1275000 0 ALT_A 7.125 N 2089.583333 2089.58 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 425000 0 ALT_A 6.375 N 1029.359375 1029.36 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 233090 233090 ALT_A 7.75 N 2800 2800 6/1/2006 1/14/2006 3/1/2006 6/1/2006 2/1/2036 525000 525000 ALT_A 6.5 N 1736.775 1736.78 6/1/2006 3/28/2006 5/1/2006 6/1/2006 4/1/2036 386000 385950 ALT_A 6.25 N 2058.333333 2058.33 6/1/2006 1/12/2006 3/1/2006 6/1/2006 2/1/2036 475000 0 ALT_A 6 N 1541.145833 1541.15 6/1/2006 4/3/2006 6/1/2006 6/1/2006 5/1/2036 375000 369900 ALT_A 7.375 N 1728.333333 1728.33 6/1/2006 4/3/2006 6/1/2006 6/1/2006 5/1/2036 345000 340000 ALT_A 7.25 N 1785 1785 6/1/2006 2/2/2006 4/1/2006 6/1/2006 3/1/2036 357000 357000 ALT_A 6.75 N 1481.666667 1481.67 6/1/2006 1/11/2006 3/1/2006 6/1/2006 2/1/2036 317500 317500 ALT_A 6.5 N 1362.056003 1362.06 6/1/2006 5/2/2006 7/1/2006 6/1/2006 6/1/2036 365000 0 ALT_A 6.5 N 1741.5 1741.5 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 387000 387000 ALT_A 6.25 N 1729 1729 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 399000 399000 ALT_A 6.625 N 1695.833333 1695.83 6/1/2006 4/1/2006 6/1/2006 6/1/2006 5/1/2036 370000 370000 ALT_A 7.25 N 1850 1850 6/1/2006 4/4/2006 6/1/2006 6/1/2006 5/1/2036 375000 370000 ALT_A 6.625 N 1961.666667 1961.67 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 428000 428000 ALT_A 7.25 N 3650 3650 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 730000 0 ALT_A 6.125 N 1856.324884 1856.32 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 372000 371990 ALT_A 6.875 N 1757.025 1757.03 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 370000 369900 ALT_A 5.375 N 986.25 986.25 6/1/2006 3/30/2006 5/1/2006 6/1/2006 4/1/2036 272000 263000 ALT_A 7.25 N 1650 1650 6/1/2006 12/20/2005 2/1/2006 6/1/2006 1/1/2036 330000 0 ALT_A 7 N 2175 2175 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 450000 450000 ALT_A 6.125 N 1700 1700 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 400000 400000 ALT_A 5.25 N 1118.333333 1118.33 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 430000 0 ALT_A 6.375 N 1832.916667 1832.92 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 415000 0 ALT_A 5 N 2537.5 2537.5 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 738000 725000 ALT_A 6.75 N 1656.666667 1656.67 6/1/2006 4/4/2006 6/1/2006 6/1/2006 5/1/2036 360000 0 ALT_A 5.25 N 1411.666667 1411.67 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 530000 0 ALT_A 7.5 N 2350.833333 2350.83 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 455000 0 ALT_A 6.749 N 2449.65 2449.65 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 600000 0 ALT_A 6.125 N 1445 1445 6/1/2006 4/20/2006 6/1/2006 6/1/2006 5/1/2036 340000 340000 ALT_A 6.25 N 2491.666667 2491.67 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 575000 0 ALT_A 6.125 N 2071.875 2071.88 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 600000 0 ALT_A 7.125 N 1961.75 1961.75 6/1/2006 1/5/2006 3/1/2006 6/1/2006 2/1/2036 400000 399000 ALT_A 5.749 N 1962.672833 1962.67 6/1/2006 1/21/2006 3/1/2006 6/1/2006 2/1/2036 491000 490801 ALT_A 6.25 N 2340 2340 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 560000 540000 ALT_A 6.625 N 1415.104167 1415.1 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 345000 0 ALT_A 7.25 N 1945 1945 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 390000 389000 ALT_A 7.25 N 2225 2225 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 445000 445000 ALT_A 6.625 N 1937.03125 1937.03 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 483000 483000 ALT_A 6.625 N 2062.5 2062.5 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 450000 450000 ALT_A 7.375 N 989.1417605 989.14 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 355000 215000 ALT_A 6.125 N 4590 4590 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 1080000 1080000 ALT_A 6.74 N 1817.4 1817.4 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 407000 390000 ALT_A 6.125 N 1487.5 1487.5 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 350000 0 ALT_A 6.625 N 1512.5 1512.5 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 350000 330000 ALT_A 6.25 N 4116.666667 4116.67 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 950000 950000 ALT_A 5.875 N 1612.916667 1612.92 6/1/2006 1/13/2006 3/1/2006 6/1/2006 2/1/2036 398000 395000 ALT_A 6.749 N 2682.95 2682.95 6/1/2006 1/17/2006 3/1/2006 6/1/2006 2/1/2036 575000 0 ALT_A 5.74 N 1198 1198 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 300000 0 ALT_A 7.5 N 1162.5 1162.5 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 225000 225000 ALT_A 5.875 N 911.4158094 911.42 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 300000 0 ALT_A 6.125 N 1296.25 1296.25 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 305000 305000 ALT_A 6.625 N 1057.604167 1057.6 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 260000 0 ALT_A 6.125 N 1062.5 1062.5 6/1/2006 4/10/2006 6/1/2006 6/1/2006 5/1/2036 402000 0 ALT_A 6.625 N 888.0208333 888.02 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 275000 0 ALT_A 6.125 N 642.28125 642.28 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 310000 0 ALT_A 7.125 N 1435.666667 1435.67 6/1/2006 1/30/2006 4/1/2006 6/1/2006 3/1/2036 292000 299950 ALT_A 6 N 1792.041667 1792.04 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 431000 430090 ALT_A 6 N 1925 1925 6/1/2006 2/28/2006 5/1/2006 6/1/2006 4/1/2036 462000 462299 ALT_A 6.125 N 1375.633127 1375.63 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 315000 0 ALT_A 7 N 2150.229167 2150.23 6/1/2006 1/10/2006 3/1/2006 6/1/2006 2/1/2036 445000 444900 ALT_A 6.875 N 2315.625 2315.63 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 490000 0 ALT_A 7 N 2445.666667 2445.67 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 525000 506000 ALT_A 6.75 N 1509.375 1509.38 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 345000 0 ALT_A 6.875 N 1662.5 1662.5 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 350000 0 ALT_A 6.25 N 1384.5 1384.5 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 321000 319500 ALT_A 6 N 1354.166667 1354.17 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 325000 0 ALT_A 7.875 N 3250 3250 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 600000 0 ALT_A 5.75 N 1860 1860 6/1/2006 5/2/2006 7/1/2006 6/1/2006 6/1/2036 465000 0 ALT_A 6.375 N 1280.833333 1280.83 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 290000 290000 ALT_A 6.5 N 1192.5 1192.5 6/1/2006 2/25/2006 4/1/2006 6/1/2006 3/1/2036 265000 265000 ALT_A 6.74 N 1642.65 1642.65 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 352500 352500 ALT_A 6.75 N 1703.174388 1703.17 6/1/2006 5/2/2006 7/1/2006 6/1/2006 6/1/2036 320000 0 ALT_A 5.625 N 1613.666667 1613.67 6/1/2006 4/4/2006 6/1/2006 6/1/2006 5/1/2036 412000 412000 ALT_A 6.625 N 1705 1705 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 373000 372000 ALT_A 6 N 1791.666667 1791.67 6/1/2006 4/4/2006 6/1/2006 6/1/2006 5/1/2036 430000 430000 ALT_A 7.625 N 2126.25 2126.25 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 405000 0 ALT_A 6.625 N 1773.291667 1773.29 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 390000 386900 ALT_A 6.5 N 1485 1485 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 330000 330000 ALT_A 6.25 N 1408.333333 1408.33 6/1/2006 1/9/2006 3/1/2006 6/1/2006 2/1/2036 400000 0 ALT_A 5.875 N 1071.875 1071.88 6/1/2006 1/14/2006 3/1/2006 6/1/2006 2/1/2036 385000 0 ALT_A 6.125 N 983.875 983.88 6/1/2006 1/12/2006 3/1/2006 6/1/2006 2/1/2036 450000 0 ALT_A 6.875 N 1947.5 1947.5 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 410000 410000 ALT_A 6.74 N 908.7 908.7 6/1/2006 4/19/2006 6/1/2006 6/1/2006 5/1/2036 195000 195000 ALT_A 7 N 1686.833333 1686.83 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 349000 349000 ALT_A 8 N 1644.5 1644.5 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 299000 299000 ALT_A 5.43 Y 1228.5 1228.5 6/1/2006 4/4/2006 6/1/2006 6/1/2006 5/1/2036 255000 0 ALT_A 6.625 N 1297.083333 1297.08 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 283000 283000 ALT_A 6.375 N 1413.333333 1413.33 6/1/2006 1/26/2006 3/1/2006 6/1/2006 2/1/2036 320000 320000 ALT_A 6.5 N 1926 1926 6/1/2006 1/7/2006 3/1/2006 6/1/2006 2/1/2036 428000 435000 ALT_A 6.75 N 1680 1680 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 360000 360000 ALT_A 6.375 N 1523.75 1523.75 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 345000 345000 ALT_A 6.125 N 2227.265625 2227.27 6/1/2006 12/21/2005 2/1/2006 6/1/2006 1/1/2036 645000 0 ALT_A 6.625 N 1764.583333 1764.58 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 385000 385000 ALT_A 6 N 1900.78125 1900.78 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 457000 456220 ALT_A 5.875 N 1235.208333 1235.21 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 380000 0 ALT_A 6.5 N 1867.5 1867.5 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 415000 415000 ALT_A 7.25 N 2121.5 2121.5 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 435000 424300 ALT_A 7 N 1546.666667 1546.67 6/1/2006 3/23/2006 5/1/2006 6/1/2006 4/1/2036 345000 320000 ALT_A 6.75 N 1091.096092 1091.1 6/1/2006 1/11/2006 3/1/2006 6/1/2006 2/1/2036 365000 364000 ALT_A 6.375 N 1601.041667 1601.04 6/1/2006 1/26/2006 3/1/2006 6/1/2006 2/1/2036 369000 0 ALT_A 6.125 N 1932.421875 1932.42 6/1/2006 5/9/2006 7/1/2006 6/1/2006 6/1/2036 490000 485000 ALT_A 6.125 N 2544.6875 2544.69 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 599000 598769 ALT_A 5.875 N 1798.708333 1798.71 6/1/2006 4/1/2006 6/1/2006 6/1/2006 5/1/2036 526000 0 ALT_A 6.25 N 1997.666667 1997.67 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 545000 461000 ALT_A 6.625 N 2200 2200 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 480000 480000 ALT_A 6.75 N 1492.75 1492.75 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 321000 319900 ALT_A 7.125 N 1711 1711 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 348000 348000 ALT_A 6.625 N 825 825 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 185000 180000 ALT_A 5.875 N 1367.916667 1367.92 6/1/2006 3/23/2006 5/1/2006 6/1/2006 4/1/2036 335000 335000 ALT_A 6.375 Y 1888.125 1888.13 6/1/2006 2/8/2006 4/1/2006 6/1/2006 3/1/2036 380000 0 ALT_A 6.625 N 1741.208333 1741.21 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 380000 379900 ALT_A 6.375 N 1581.568074 1581.57 6/1/2006 1/14/2006 3/1/2006 6/1/2006 2/1/2036 380000 0 ALT_A 6.625 N 1237.5 1237.5 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 271000 270000 ALT_A 6.375 N 1104.166667 1104.17 6/1/2006 4/3/2006 6/1/2006 6/1/2006 5/1/2036 255000 250000 ALT_A 6 N 1028.125 1028.13 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 293000 282000 ALT_A 6.5 N 1147.5 1147.5 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 255000 255000 ALT_A 6.375 N 1488.416667 1488.42 6/1/2006 4/27/2006 6/1/2006 6/1/2006 5/1/2036 340000 337000 ALT_A 6.5 N 1292.007408 1292.01 6/1/2006 12/6/2005 2/1/2006 6/1/2006 1/1/2036 249000 249000 ALT_A 6.555 Y 2538.489583 2538.49 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 470000 0 ALT_A 6.25 N 1105 1105 6/1/2006 3/18/2006 5/1/2006 6/1/2006 4/1/2036 255000 255000 ALT_A 6.25 N 1408.333333 1408.33 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 340000 339890 ALT_A 6.25 N 2301.541667 2301.54 6/1/2006 12/20/2005 2/1/2006 6/1/2006 1/1/2036 607000 0 ALT_A 6.125 N 1197.830206 1197.83 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 240000 0 ALT_A 6.25 N 1110.6875 1110.69 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 275000 256324 ALT_A 6.5 N 1597.5 1597.5 6/1/2006 1/5/2006 3/1/2006 6/1/2006 2/1/2036 355000 355000 ALT_A 7.625 N 1008 1008 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 195000 192000 ALT_A 6 N 1119.791667 1119.79 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 309000 0 ALT_A 6.625 N 1420.833333 1420.83 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 310000 0 ALT_A 6.625 N 1088.541667 1088.54 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 239000 237500 ALT_A 6.5 N 1300.5 1300.5 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 289000 289000 ALT_A 6.625 N 423.9583333 423.96 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 185000 92500 ALT_A 6.75 N 666.75 666.75 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 212000 142900 ALT_A 7.375 N 692.6041667 692.6 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 212000 148900 ALT_A 7.5 N 715.2604167 715.26 6/1/2006 5/3/2006 7/1/2006 6/1/2006 6/1/2036 212000 142900 ALT_A 7 N 664.5833333 664.58 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 212000 142200 ALT_A 6.875 N 1068.75 1068.75 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 225000 225000 ALT_A 7.125 N 1047.25 1047.25 6/1/2006 4/5/2006 6/1/2006 6/1/2006 5/1/2036 216000 213000 ALT_A 7.125 N 1056.776042 1056.78 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 241950 214950 ALT_A 6.25 N 5200 5200 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 1200000 0 ALT_A 5.375 N 1563.515625 1563.52 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 436000 416968 ALT_A 6.5 N 899.4375 899.44 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 260500 199900 ALT_A 5.625 N 1141.21875 1141.22 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 291500 291419 ALT_A 5.625 N 1094.21875 1094.22 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 281898 279398 ALT_A 5.875 N 1515.9375 1515.94 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 371352 371352 ALT_A 5.625 N 1405.104167 1405.1 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 358990 358990 ALT_A 5.625 N 1461.651042 1461.65 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 375700 373200 ALT_A 5.25 N 824.5416667 824.54 6/1/2006 1/19/2006 3/1/2006 6/1/2006 2/1/2036 224900 224900 ALT_A 5.5 N 973.6666667 973.67 6/1/2006 1/9/2006 3/1/2006 6/1/2006 2/1/2036 254030 254030 ALT_A 5.625 N 994.34375 994.34 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 253990 253990 ALT_A 5.625 N 943.4270833 943.43 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 240990 240990 ALT_A 5.125 N 852.3854167 852.39 6/1/2006 1/17/2006 3/1/2006 6/1/2006 2/1/2036 237990 237990 ALT_A 5.5 N 940.6041667 940.6 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 245420 245420 ALT_A 5.375 N 1131.164834 1131.16 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 245649 245649 ALT_A 5.5 N 943.9583333 943.96 6/1/2006 1/9/2006 3/1/2006 6/1/2006 2/1/2036 246276 246276 ALT_A 5.875 N 881.0352824 881.04 6/1/2006 4/10/2006 6/1/2006 6/1/2006 5/1/2036 280000 0 ALT_A 6 N 523.3596204 523.36 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 262000 0 ALT_A 6.625 N 1319.427083 1319.43 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 307000 287900 ALT_A 6.875 N 1845.988754 1845.99 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 348000 343000 ALT_A 6.125 N 1742.5 1742.5 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 410000 0 ALT_A 6.375 N 1174.833333 1174.83 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 266000 266000 ALT_A 7.25 N 1516.2 1516.2 6/1/2006 12/21/2005 2/1/2006 6/1/2006 1/1/2036 309000 303240 ALT_A 6.375 N 772.9166667 772.92 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 175000 175000 ALT_A 7.25 N 1395 1395 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 279000 279000 ALT_A 6.75 N 1680 1680 6/1/2006 5/3/2006 7/1/2006 6/1/2006 6/1/2036 375000 360000 ALT_A 6.625 N 2016.666667 2016.67 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 440000 440000 ALT_A 6.75 N 1376.666667 1376.67 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 295000 0 ALT_A 7 N 716.2850941 716.29 6/1/2006 3/30/2006 5/1/2006 6/1/2006 4/1/2036 230000 0 ALT_A 6.75 N 2053.333333 2053.33 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 440000 440000 ALT_A 7.25 N 1571.25 1571.25 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 315000 314274 ALT_A 6.375 N 1466.333333 1466.33 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 332000 332000 ALT_A 6.25 N 1482 1482 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 345000 342000 ALT_A 6.875 N 1306.25 1306.25 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 275000 275000 ALT_A 6.5 N 1344.09375 1344.09 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 298708 298708 ALT_A 8 N 3272.15625 3272.16 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 595000 594990 ALT_A 6.125 N 1554.96875 1554.97 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 366000 365929 ALT_A 6.75 N 1664.833333 1664.83 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 357000 356777 ALT_A 6.5 N 1763.15625 1763.16 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 392000 391846 ALT_A 7.125 N 2458.333333 2458.33 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 500000 500000 ALT_A 6.75 N 1469.708333 1469.71 6/1/2006 4/27/2006 6/1/2006 6/1/2006 5/1/2036 350000 314987 ALT_A 6.5 N 1305 1305 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 295000 290000 ALT_A 6.5 N 2992.5 2992.5 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 665000 0 ALT_A 8 N 2474.65625 2474.66 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 450000 449990 ALT_A 7.375 N 1804.265625 1804.27 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 377000 354990 ALT_A 6.25 N 1295.9375 1295.94 6/1/2006 1/4/2006 2/1/2006 6/1/2006 1/1/2036 320000 319000 ALT_A 6.25 N 1580.170059 1580.17 6/1/2006 12/29/2005 3/1/2006 6/1/2006 2/1/2036 320000 0 ALT_A 8.25 N 1847.333333 1847.33 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 326000 0 ALT_A 6.375 N 2164.166667 2164.17 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 490000 490000 ALT_A 6.625 N 3258.366916 3258.37 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 620000 0 ALT_A 5.74 N 1856.9 1856.9 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 465000 465000 ALT_A 7.25 N 2350 2350 6/1/2006 3/28/2006 5/1/2006 6/1/2006 4/1/2036 470000 470000 ALT_A 7.375 N 3227.916667 3227.92 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 650000 635000 ALT_A 6.75 N 8316.28119 8316.28 6/1/2006 5/2/2006 7/1/2006 6/1/2006 6/1/2036 1570000 1566170 ALT_A 5 N 1984.5 1984.5 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 580000 567000 ALT_A 7.125 N 2124 2124 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 432000 432000 ALT_A 7.5 N 2454.166667 2454.17 6/1/2006 3/28/2006 5/1/2006 6/1/2006 4/1/2036 500000 475000 ALT_A 6.375 N 949.5833333 949.58 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 221500 215000 ALT_A 6.375 N 2407.083333 2407.08 6/1/2006 4/1/2006 6/1/2006 6/1/2006 5/1/2036 545000 0 ALT_A 6 N 2125 2125 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 530000 510000 ALT_A 6.25 N 3120 3120 6/1/2006 1/17/2006 3/1/2006 6/1/2006 2/1/2036 720000 720000 ALT_A 7.5 N 2387 2387 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 482000 462000 ALT_A 5.25 N 985.4166667 985.42 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 376000 0 ALT_A 6.5 N 2580.75 2580.75 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 575000 573500 ALT_A 7 N 2126.666667 2126.67 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 440000 440000 ALT_A 6.875 N 2493.75 2493.75 6/1/2006 4/27/2006 6/1/2006 6/1/2006 5/1/2036 525000 525000 ALT_A 5.3 Y 1276.875 1276.88 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 241500 239000 ALT_A 7.375 N 2516.25 2516.25 6/1/2006 3/22/2006 5/1/2006 6/1/2006 4/1/2036 510000 495000 ALT_A 6.625 N 1443.75 1443.75 6/1/2006 5/8/2006 7/1/2006 6/1/2006 6/1/2036 315000 315000 ALT_A 7 N 3136.833333 3136.83 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 650000 649000 ALT_A 6.5 N 2767.5 2767.5 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 615000 615000 ALT_A 5.875 N 4900 4900 6/1/2006 3/30/2006 5/1/2006 6/1/2006 4/1/2036 1215000 1200000 ALT_A 7.625 N 2887.5 2887.5 6/1/2006 12/23/2005 2/1/2006 6/1/2006 1/1/2036 675000 550000 ALT_A 6.75 N 1918 1918 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 411000 411000 ALT_A 5.625 N 1625.416667 1625.42 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 450000 415000 ALT_A 6.5 N 1642.5 1642.5 6/1/2006 1/17/2006 3/1/2006 6/1/2006 2/1/2036 365000 0 ALT_A 6.875 N 1900 1900 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 400000 400000 ALT_A 6.5 N 2398.5 2398.5 6/1/2006 3/23/2006 5/1/2006 6/1/2006 4/1/2036 535000 533000 ALT_A 7 N 2585.833333 2585.83 6/1/2006 4/4/2006 6/1/2006 6/1/2006 5/1/2036 540000 535000 ALT_A 5.875 N 2894.731146 2894.73 6/1/2006 11/22/2005 1/1/2006 6/1/2006 12/1/2035 710000 708914 ALT_A 5.625 N 1297.395833 1297.4 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 465000 0 ALT_A 6.5 N 1473.75 1473.75 6/1/2006 4/4/2006 6/1/2006 6/1/2006 5/1/2036 327500 327500 ALT_A 7.5 N 3668.333333 3668.33 6/1/2006 5/2/2006 7/1/2006 6/1/2006 6/1/2036 710000 710000 ALT_A 6.625 N 3540.052083 3540.05 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 923000 772400 ALT_A 7 N 2416.666667 2416.67 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 500000 500000 ALT_A 6 N 3828.125 3828.13 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 1225000 0 ALT_A 6.125 N 3888.75 3888.75 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 915000 915000 ALT_A 7.25 N 2100 2100 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 420000 420000 ALT_A 6.74 N 2083.02 2083.02 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 460000 447000 ALT_A 6 N 3171.875 3171.88 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 780000 761250 ALT_A 6.125 N 1870 1870 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 450000 440000 ALT_A 7.925 N 5014 5014 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 920000 0 ALT_A 5.125 N 2508.333333 2508.33 6/1/2006 1/23/2006 3/1/2006 6/1/2006 2/1/2036 805000 0 ALT_A 6.5 N 2925 2925 6/1/2006 1/30/2006 3/1/2006 6/1/2006 2/1/2036 672000 650000 ALT_A 6.75 N 2333.333333 2333.33 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 500000 500000 ALT_A 6.25 N 1732.9 1732.9 6/1/2006 4/11/2006 6/1/2006 6/1/2006 5/1/2036 400000 399900 ALT_A 6.74 N 2632.9 2632.9 6/1/2006 4/20/2006 6/1/2006 6/1/2006 5/1/2036 565000 0 ALT_A 6 N 2494.791667 2494.79 6/1/2006 1/12/2006 3/1/2006 6/1/2006 2/1/2036 780000 0 ALT_A 6.25 N 1863.333333 1863.33 6/1/2006 4/5/2006 6/1/2006 6/1/2006 5/1/2036 435000 430000 ALT_A 6.25 N 2275 2275 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 525000 525000 ALT_A 6.875 N 2090 2090 6/1/2006 4/11/2006 6/1/2006 6/1/2006 5/1/2036 450000 440000 ALT_A 7 N 1990.729167 1990.73 6/1/2006 2/8/2006 4/1/2006 6/1/2006 3/1/2036 430000 412000 ALT_A 6.125 N 2783.75 2783.75 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 655000 655000 ALT_A 6.875 N 2921.25 2921.25 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 615000 615000 ALT_A 6.5 N 1615.5 1615.5 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 375000 359000 ALT_A 7.625 N 3753.75 3753.75 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 715000 0 ALT_A 7 N 4446.0625 4446.06 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 920000 919900 ALT_A 6.875 N 1681.5 1681.5 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 400000 354900 ALT_A 6.75 N 2207.333333 2207.33 6/1/2006 2/8/2006 4/1/2006 6/1/2006 3/1/2036 473000 473000 ALT_A 6.32 Y 2812.5 2812.5 6/1/2006 5/9/2006 7/1/2006 6/1/2006 6/1/2036 500000 500000 ALT_A 6.625 N 2062.5 2062.5 6/1/2006 4/11/2006 6/1/2006 6/1/2006 5/1/2036 450000 450000 ALT_A 6.74 N 2749.4 2749.4 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 590000 590000 ALT_A 6.375 N 1930.083333 1930.08 6/1/2006 5/9/2006 7/1/2006 6/1/2006 6/1/2036 437000 437000 ALT_A 7.25 N 2335 2335 6/1/2006 5/5/2006 7/1/2006 6/1/2006 6/1/2036 480000 467000 ALT_A 7.875 N 4265.625 4265.63 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 900000 0 ALT_A 5.375 N 3867.1875 3867.19 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 1100000 0 ALT_A 6.625 N 3758.333333 3758.33 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 820000 0 ALT_A 6 N 1875 1875 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 580000 0 ALT_A 6.125 N 1583.125 1583.13 6/1/2006 12/3/2005 2/1/2006 6/1/2006 1/1/2036 430000 0 ALT_A 5.75 N 1111.5 1111.5 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 278000 277900 ALT_A 6.125 N 1657.5 1657.5 6/1/2006 4/19/2006 6/1/2006 6/1/2006 5/1/2036 480000 0 ALT_A 6.75 N 1666 1666 6/1/2006 4/5/2006 6/1/2006 6/1/2006 5/1/2036 367000 357000 ALT_A 6.625 N 1386.119797 1386.12 6/1/2006 12/30/2005 2/1/2006 6/1/2006 1/1/2036 385000 0 ALT_A 4.875 N 1366.666667 1366.67 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 400000 400000 ALT_A 6.125 N 2071.875 2071.88 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 570000 0 ALT_A 7.375 N 3558.333333 3558.33 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 700000 700000 ALT_A 5.625 N 1410 1410 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 360000 0 ALT_A 6.749 N 3368.26875 3368.27 6/1/2006 1/24/2006 3/1/2006 6/1/2006 2/1/2036 770000 0 ALT_A 5.749 N 959.84 959.84 6/1/2006 1/26/2006 3/1/2006 6/1/2006 2/1/2036 475000 0 ALT_A 6.125 N 1402.5 1402.5 6/1/2006 1/30/2006 3/1/2006 6/1/2006 2/1/2036 330000 330000 ALT_A 6 N 758.3333333 758.33 6/1/2006 1/23/2006 3/1/2006 6/1/2006 2/1/2036 182000 182000 ALT_A 6.5 N 1687.5 1687.5 6/1/2006 1/22/2006 3/1/2006 6/1/2006 2/1/2036 375000 375000 ALT_A 7.125 N 3441.666667 3441.67 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 700000 0 ALT_A 7.375 N 2516.25 2516.25 6/1/2006 4/4/2006 6/1/2006 6/1/2006 5/1/2036 535000 0 ALT_A 5.875 N 3062.5 3062.5 6/1/2006 1/8/2006 3/1/2006 6/1/2006 2/1/2036 805000 0 ALT_A 7.125 N 2743.5 2743.5 6/1/2006 2/20/2006 4/1/2006 6/1/2006 3/1/2036 558000 558000 ALT_A 6 N 2062.5 2062.5 6/1/2006 1/23/2006 3/1/2006 6/1/2006 2/1/2036 495000 495000 ALT_A 6.125 N 1963.5 1963.5 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 462000 462000 ALT_A 6 N 1649.479167 1649.48 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 405000 395900 ALT_A 5.875 N 2245.833333 2245.83 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 560000 0 ALT_A 6.625 N 2062.5 2062.5 6/1/2006 3/28/2006 5/1/2006 6/1/2006 4/1/2036 450000 0 ALT_A 6.125 N 3315 3315 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 780000 780000 ALT_A 6.74 N 1794.1 1794.1 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 410000 385000 ALT_A 6.205 Y 1890.625 1890.63 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 414000 405000 ALT_A 6.5 N 1940.625 1940.63 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 460000 460000 ALT_A 6.75 N 1796.666667 1796.67 6/1/2006 1/13/2006 3/1/2006 6/1/2006 2/1/2036 385000 385000 ALT_A 6.875 N 1914.84375 1914.84 6/1/2006 4/19/2006 6/1/2006 6/1/2006 5/1/2036 430000 0 ALT_A 6.125 N 2061.25 2061.25 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 485000 0 ALT_A 6.625 N 1306.25 1306.25 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 285000 285000 ALT_A 4.75 N 3125 3125 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 950000 0 ALT_A 5.875 N 2189.6875 2189.69 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 660000 0 ALT_A 6.625 N 2750 2750 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 600000 600000 ALT_A 6 N 1156.25 1156.25 6/1/2006 5/3/2006 7/1/2006 6/1/2006 6/1/2036 603000 0 ALT_A 7.625 N 2848.125 2848.13 6/1/2006 4/3/2006 6/1/2006 6/1/2006 5/1/2036 620000 0 ALT_A 7.125 N 2457.71875 2457.72 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 500000 499999 ALT_A 5.625 N 2056.25 2056.25 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 590000 0 ALT_A 5.75 N 3500 3500 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 875000 875000 ALT_A 5.75 N 2985.761615 2985.76 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 830000 0 ALT_A 7 N 2585.591667 2585.59 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 535000 534950 ALT_A 6.25 N 2101.666667 2101.67 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 670000 0 ALT_A 5.74 N 2076.533333 2076.53 6/1/2006 5/4/2006 7/1/2006 6/1/2006 6/1/2036 640000 0 ALT_A 5.75 N 1920 1920 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 480000 480000 ALT_A 6.625 N 1416.25 1416.25 6/1/2006 1/24/2006 3/1/2006 6/1/2006 2/1/2036 310000 309000 ALT_A 6.25 N 2925 2925 6/1/2006 4/10/2006 6/1/2006 6/1/2006 5/1/2036 900000 0 ALT_A 6.5 N 945 945 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 210000 210000 ALT_A 7.5 N 2376.666667 2376.67 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 460000 460000 ALT_A 6.5 N 1433.25 1433.25 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 318500 318500 ALT_A 5.625 N 1713.541667 1713.54 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 590000 590000 ALT_A 6.5 N 3307.5 3307.5 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 735000 735000 ALT_A 7.125 N 1864.645833 1864.65 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 391000 379275 ALT_A 7.375 N 4388.321227 4388.32 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 1200000 0 ALT_A 8 N 2451.007296 2451.01 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 435000 0 ALT_A 5.625 N 1472.177083 1472.18 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 420000 375900 ALT_A 6.625 N 3666.666667 3666.67 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 865000 839000 ALT_A 6.375 N 2517.5 2517.5 6/1/2006 1/10/2006 3/1/2006 6/1/2006 2/1/2036 570000 570000 ALT_A 7 N 2803.333333 2803.33 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 580000 0 ALT_A 7.25 N 2497.5 2497.5 6/1/2006 12/1/2005 2/1/2006 6/1/2006 1/1/2036 500000 499500 ALT_A 5.75 N 1460 1460 6/1/2006 12/20/2005 2/1/2006 6/1/2006 1/1/2036 365000 365000 ALT_A 6.25 N 2426.666667 2426.67 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 560000 560000 ALT_A 6.625 N 1604.166667 1604.17 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 350000 350000 ALT_A 7.625 N 2756.25 2756.25 6/1/2006 4/5/2006 6/1/2006 6/1/2006 5/1/2036 525000 525000 ALT_A 7.125 N 1942.083333 1942.08 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 395000 395000 ALT_A 5.75 N 2000 2000 6/1/2006 12/9/2005 2/1/2006 6/1/2006 1/1/2036 510000 508000 ALT_A 4.75 N 1411.666667 1411.67 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 484000 0 ALT_A 7.125 N 2753.333333 2753.33 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 560000 0 ALT_A 6.625 N 2195.416667 2195.42 6/1/2006 2/13/2006 4/1/2006 6/1/2006 3/1/2036 479000 479000 ALT_A 6.625 N 1947.916667 1947.92 6/1/2006 1/30/2006 3/1/2006 6/1/2006 2/1/2036 610000 0 ALT_A 6.75 N 1936.666667 1936.67 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 415000 0 ALT_A 7.5 N 2686.666667 2686.67 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 520000 520000 ALT_A 6.5 N 1591.875 1591.88 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 470000 0 ALT_A 6.25 N 2063.75 2063.75 6/1/2006 1/24/2006 3/1/2006 6/1/2006 2/1/2036 525000 0 ALT_A 6.375 N 2610.25 2610.25 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 600000 591000 ALT_A 6.25 N 2153.666667 2153.67 6/1/2006 12/22/2005 2/1/2006 6/1/2006 1/1/2036 497000 0 ALT_A 6.375 N 3047.5 3047.5 6/1/2006 1/26/2006 3/1/2006 6/1/2006 2/1/2036 690000 690000 ALT_A 7.375 N 2109.583333 2109.58 6/1/2006 5/2/2006 7/1/2006 6/1/2006 6/1/2036 425000 415000 ALT_A 5.5 N 2796.481128 2796.48 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 775000 0 ALT_A 7 N 3310.833333 3310.83 6/1/2006 12/22/2005 2/1/2006 6/1/2006 1/1/2036 700000 685000 ALT_A 7.125 N 2040.416667 2040.42 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 415000 415000 ALT_A 6.625 N 1535.416667 1535.42 6/1/2006 3/23/2006 5/1/2006 6/1/2006 4/1/2036 335000 335000 ALT_A 6.875 N 1591.25 1591.25 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 335000 335000 ALT_A 6.125 N 1678.75 1678.75 6/1/2006 2/13/2006 4/1/2006 6/1/2006 3/1/2036 395000 0 ALT_A 5.125 N 2360.520833 2360.52 6/1/2006 1/12/2006 3/1/2006 6/1/2006 2/1/2036 811000 0 ALT_A 6.875 N 3230 3230 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 680000 0 ALT_A 6.5 N 2542.5 2542.5 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 570000 565000 ALT_A 6.625 N 2005.208333 2005.21 6/1/2006 3/22/2006 5/1/2006 6/1/2006 4/1/2036 600000 525000 ALT_A 5.75 N 1206 1206 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 330000 301500 ALT_A 6.125 N 7649.46875 7649.47 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 1800000 1799900 ALT_A 6.5 N 3161.25 3161.25 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 865000 0 ALT_A 5.875 N 1776.25 1776.25 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 435000 435000 ALT_A 6.625 N 3575 3575 6/1/2006 4/19/2006 6/1/2006 6/1/2006 5/1/2036 790000 0 ALT_A 6.5 N 3825 3825 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 1100000 0 ALT_A 6.375 N 1877.083333 1877.08 6/1/2006 12/8/2005 2/1/2006 6/1/2006 1/1/2036 425000 425000 ALT_A 4.625 N 1592.5 1592.5 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 490000 490000 ALT_A 6.375 N 2159.75 2159.75 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 500000 489000 ALT_A 7.5 N 2423.166667 2423.17 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 469000 469900 ALT_A 6.5 N 2115 2115 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 470000 0 ALT_A 5.875 N 1699.6875 1699.69 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 550000 0 ALT_A 5.75 N 2760 2760 6/1/2006 2/6/2006 4/1/2006 6/1/2006 3/1/2036 690000 690000 ALT_A 5.875 N 1694.583333 1694.58 6/1/2006 1/19/2006 3/1/2006 6/1/2006 2/1/2036 415000 415000 ALT_A 6.125 N 355.6058423 355.61 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 430000 0 ALT_A 5.75 N 848 848 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 212000 212000 ALT_A 7 N 3277 3277 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 678000 0 ALT_A 7.125 N 3171.25 3171.25 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 645000 645000 ALT_A 6.25 N 2145 2145 6/1/2006 1/26/2006 3/1/2006 6/1/2006 2/1/2036 495000 0 ALT_A 6 N 1854.166667 1854.17 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 445000 445000 ALT_A 6.625 N 2979.166667 2979.17 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 650000 650000 ALT_A 4.625 N 1137.5 1137.5 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 400000 0 ALT_A 6.625 N 2108.333333 2108.33 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 460000 0 ALT_A 6.25 N 1847.083333 1847.08 6/1/2006 12/30/2005 3/1/2006 6/1/2006 2/1/2036 480000 0 ALT_A 7 N 2368.333333 2368.33 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 500000 490000 ALT_A 6 N 2291.666667 2291.67 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 550000 0 ALT_A 6.75 N 1400 1400 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 300000 300000 ALT_A 6.25 N 2513.333333 2513.33 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 582000 580000 ALT_A 6.25 N 1029.166667 1029.17 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 395000 0 ALT_A 6.25 N 1354.166667 1354.17 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 520000 0 ALT_A 6.75 N 1960 1960 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 420000 420000 ALT_A 7.25 N 2312.5 2312.5 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 590000 0 ALT_A 6.125 N 2720 2720 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 649000 640000 ALT_A 5.5 N 3085.833333 3085.83 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 940000 0 ALT_A 7.2 N 2483.333333 2483.33 6/1/2006 12/22/2005 2/1/2006 6/1/2006 1/1/2036 505000 0 ALT_A 6.625 N 2291.666667 2291.67 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 505000 500000 ALT_A 6 N 2487.5 2487.5 6/1/2006 3/23/2006 5/1/2006 6/1/2006 4/1/2036 597000 597000 ALT_A 6.25 N 2361.666667 2361.67 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 550000 545000 ALT_A 7.875 N 3094.270833 3094.27 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 640000 0 ALT_A 6.125 N 1394.53125 1394.53 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 530000 0 ALT_A 6.5 N 2182.5 2182.5 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 485000 485000 ALT_A 6.5 N 2250 2250 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 500000 500000 ALT_A 5.875 N 1674.166667 1674.17 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 410000 0 ALT_A 6 N 1954.166667 1954.17 6/1/2006 2/13/2006 4/1/2006 6/1/2006 3/1/2036 469000 469000 ALT_A 6.75 N 2286.666667 2286.67 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 490000 490000 ALT_A 6.625 N 2154.166667 2154.17 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 470000 470000 ALT_A 6.25 N 2292.333333 2292.33 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 529000 529000 ALT_A 6 N 2083.333333 2083.33 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 500000 500000 ALT_A 5.125 N 1783.828125 1783.83 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 535000 0 ALT_A 6.25 N 1554.887338 1554.89 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 490000 0 ALT_A 6.125 N 1407.8125 1407.81 6/1/2006 1/26/2006 3/1/2006 6/1/2006 2/1/2036 450000 0 ALT_A 6.5 N 2436.134451 2436.13 6/1/2006 2/11/2006 4/1/2006 6/1/2006 3/1/2036 469500 469500 ALT_A 6.625 N 1452.34375 1452.34 6/1/2006 1/12/2006 3/1/2006 6/1/2006 2/1/2036 418500 390000 ALT_A 6.375 N 2429.166667 2429.17 6/1/2006 1/19/2006 3/1/2006 6/1/2006 2/1/2036 552000 0 ALT_A 6 N 1828.125 1828.13 6/1/2006 1/10/2006 4/1/2006 6/1/2006 3/1/2036 550000 0 ALT_A 6.5 N 2475 2475 6/1/2006 3/18/2006 5/1/2006 6/1/2006 4/1/2036 550000 550000 ALT_A 7.5 N 2991.5 2991.5 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 579000 580000 ALT_A 7.875 N 2735.416667 2735.42 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 505000 505000 ALT_A 6.125 N 1474.484375 1474.48 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 427000 0 ALT_A 6.125 N 2788 2788 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 680000 656000 ALT_A 5.625 N 1835.9375 1835.94 6/1/2006 1/30/2006 4/1/2006 6/1/2006 3/1/2036 615000 0 ALT_A 6.25 N 2578.333333 2578.33 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 595000 595000 ALT_A 6.375 N 1722.5 1722.5 6/1/2006 1/24/2006 3/1/2006 6/1/2006 2/1/2036 422000 390000 ALT_A 6.125 N 709.21875 709.22 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 434000 433500 ALT_A 6.25 N 2119 2119 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 490000 489000 ALT_A 6.625 N 2222.916667 2222.92 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 485000 0 ALT_A 6.25 N 2188.333333 2188.33 6/1/2006 1/11/2006 3/1/2006 6/1/2006 2/1/2036 505000 505000 ALT_A 5.75 N 2560 2560 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 640000 640000 ALT_A 4.75 N 1766.666667 1766.67 6/1/2006 3/22/2006 5/1/2006 6/1/2006 4/1/2036 530000 0 ALT_A 6.625 N 2291.666667 2291.67 6/1/2006 1/13/2006 3/1/2006 6/1/2006 2/1/2036 500000 0 ALT_A 5.75 N 2000 2000 6/1/2006 1/11/2006 3/1/2006 6/1/2006 2/1/2036 500000 0 ALT_A 5.875 N 1378.125 1378.13 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 430000 0 ALT_A 6.25 N 1863.333333 1863.33 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 430000 430000 ALT_A 6.625 N 2745.416667 2745.42 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 600000 599000 ALT_A 5.625 N 1559.322917 1559.32 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 700000 0 ALT_A 5.5 N 1849.583333 1849.58 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 530000 0 ALT_A 5.75 N 1840.620112 1840.62 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 520000 0 ALT_A 7.375 N 1474.166667 1474.17 6/1/2006 2/8/2006 4/1/2006 6/1/2006 3/1/2036 290000 290000 ALT_A 5.375 N 1532.8125 1532.81 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 470000 0 ALT_A 6.375 N 1676.953125 1676.95 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 405000 0 ALT_A 5.75 N 2200 2200 6/1/2006 1/23/2006 3/1/2006 6/1/2006 2/1/2036 550000 550000 ALT_A 6.5 N 1845 1845 6/1/2006 3/28/2006 5/1/2006 6/1/2006 4/1/2036 412000 410000 ALT_A 6.625 N 3652.34375 3652.34 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 880000 0 ALT_A 5.5 N 2363.470069 2363.47 6/1/2006 1/12/2006 3/1/2006 6/1/2006 2/1/2036 625000 0 ALT_A 6.25 N 5416.666667 5416.67 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 1350000 0 ALT_A 5.74 N 1916.8 1916.8 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 480000 480000 ALT_A 6.5 N 5062.5 5062.5 6/1/2006 5/2/2006 7/1/2006 6/1/2006 6/1/2036 2050000 0 ALT_A 6 N 8615.885417 8615.89 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 2545000 0 ALT_A 6.125 N 2006 2006 6/1/2006 3/28/2006 5/1/2006 6/1/2006 4/1/2036 472000 472000 ALT_A 6.75 N 2403.333333 2403.33 6/1/2006 5/3/2006 7/1/2006 6/1/2006 6/1/2036 524000 515000 ALT_A 6.375 N 2115.583333 2115.58 6/1/2006 4/5/2006 6/1/2006 6/1/2006 5/1/2036 479000 479000 ALT_A 7.125 N 3185.078125 3185.08 6/1/2006 12/20/2005 2/1/2006 6/1/2006 1/1/2036 691000 691000 ALT_A 5 N 1526.875 1526.88 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 594000 0 ALT_A 6.25 N 1121.25 1121.25 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 428000 0 ALT_A 7.125 N 2310.833333 2310.83 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 470000 0 ALT_A 7.75 N 2666.666667 2666.67 6/1/2006 4/3/2006 6/1/2006 6/1/2006 5/1/2036 500000 500000 ALT_A 6.625 N 2062.5 2062.5 6/1/2006 2/6/2006 4/1/2006 6/1/2006 3/1/2036 450000 0 ALT_A 6.625 N 2484.166667 2484.17 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 550000 542000 ALT_A 6.625 N 1452.916667 1452.92 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 317000 317000 ALT_A 6 N 1484.375 1484.38 6/1/2006 2/8/2006 4/1/2006 6/1/2006 3/1/2036 425000 0 ALT_A 6.5 N 1687.5 1687.5 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 375000 375000 ALT_A 5.125 N 2911.458333 2911.46 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 1265000 0 ALT_A 5.875 N 3815.364583 3815.36 6/1/2006 3/22/2006 5/1/2006 6/1/2006 4/1/2036 1150000 0 ALT_A 5.25 N 2291.666667 2291.67 6/1/2006 1/25/2006 3/1/2006 6/1/2006 2/1/2036 800000 0 ALT_A 7 N 2054.166667 2054.17 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 430000 425000 ALT_A 6.25 N 1457.083333 1457.08 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 340000 0 ALT_A 6.375 N 1413.333333 1413.33 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 325000 0 ALT_A 6 N 1328.125 1328.13 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 385000 0 ALT_A 6.5 N 1897.149432 1897.15 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 450000 0 ALT_A 6.125 N 1653.515625 1653.52 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 415000 0 ALT_A 6.25 N 2080 2080 6/1/2006 1/26/2006 3/1/2006 6/1/2006 2/1/2036 480000 0 ALT_A 6.25 N 1608.75 1608.75 6/1/2006 5/1/2006 7/1/2006 6/1/2006 6/1/2036 525000 0 ALT_A 7.875 N 4604.166667 4604.17 6/1/2006 12/22/2005 2/1/2006 6/1/2006 1/1/2036 875000 0 ALT_A 7.25 N 1655 1655 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 331000 331000 ALT_A 5.875 N 1336.743187 1336.74 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 500000 0 ALT_A 6.625 N 2463.541667 2463.54 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 540000 0 ALT_A 6.625 N 2222.916667 2222.92 6/1/2006 4/1/2006 6/1/2006 6/1/2006 5/1/2036 485000 485000 ALT_A 6.875 N 2921.25 2921.25 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 615000 0 ALT_A 6 N 1302.083333 1302.08 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 400000 0 ALT_A 5.625 N 2839.583333 2839.58 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 740000 725000 ALT_A 6.25 N 2171 2171 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 501000 501000 ALT_A 5.875 N 1694.583333 1694.58 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 435000 415000 ALT_A 7 N 1430.666667 1430.67 6/1/2006 1/31/2006 3/1/2006 6/1/2006 2/1/2036 315000 296000 ALT_A 6.375 N 3952.916667 3952.92 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 895000 0 ALT_A 6.75 N 2333.333333 2333.33 6/1/2006 1/22/2006 3/1/2006 6/1/2006 2/1/2036 500000 500000 ALT_A 6.125 N 3183.25 3183.25 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 750000 749000 ALT_A 6.5 N 3487.5 3487.5 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 775000 0 ALT_A 8.125 N 3288.583333 3288.58 6/1/2006 1/15/2006 3/1/2006 6/1/2006 2/1/2036 589000 589000 ALT_A 7.375 N 1982.5 1982.5 6/1/2006 1/13/2006 3/1/2006 6/1/2006 2/1/2036 395000 390000 ALT_A 6.375 N 2429.166667 2429.17 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 704000 0 ALT_A 4 N 1090.833333 1090.83 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 485000 0 ALT_A 6.125 N 2337.5 2337.5 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 550000 550000 ALT_A 6 N 1260.416667 1260.42 6/1/2006 4/1/2006 6/1/2006 6/1/2006 5/1/2036 485000 0 ALT_A 5.875 N 1470 1470 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 365000 360000 ALT_A 7.125 N 3755.104167 3755.1 6/1/2006 12/13/2005 2/1/2006 6/1/2006 1/1/2036 815000 0 ALT_A 6 N 1614.583333 1614.58 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 530000 0 ALT_A 6.25 N 1040 1040 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 400000 0 ALT_A 7.5 N 3582.061228 3582.06 6/1/2006 1/19/2006 3/1/2006 6/1/2006 2/1/2036 715000 715000 ALT_A 6.375 N 2186.25 2186.25 6/1/2006 4/19/2006 6/1/2006 6/1/2006 5/1/2036 500000 495000 ALT_A 6.25 N 1652.083333 1652.08 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 480000 0 ALT_A 6.375 N 1802 1802 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 410000 408000 ALT_A 7.375 N 2891.145833 2891.15 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 650000 0 ALT_A 6.375 N 1700.416667 1700.42 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 390000 385000 ALT_A 6.125 N 1657.5 1657.5 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 390000 0 ALT_A 6.5 N 1890 1890 6/1/2006 4/11/2006 6/1/2006 6/1/2006 5/1/2036 420000 420000 ALT_A 5.875 N 944.2708333 944.27 6/1/2006 11/9/2005 1/1/2006 6/1/2006 12/1/2035 265000 0 ALT_A 6.25 N 2645.87375 2645.87 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 615000 610587 ALT_A 5.75 N 2559 2559 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 641000 0 ALT_A 7.25 N 1639.6875 1639.69 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 328000 328001 ALT_A 6.5 N 1559.8125 1559.81 6/1/2006 12/12/2005 2/1/2006 6/1/2006 1/1/2036 347000 346640 ALT_A 6.75 N 1796.666667 1796.67 6/1/2006 2/18/2006 4/1/2006 6/1/2006 3/1/2036 385000 0 ALT_A 7.75 N 1757.313333 1757.31 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 330000 329497 ALT_A 7.5 N 2299.166667 2299.17 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 452500 445000 ALT_A 7.125 N 1475 1475 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 310000 300000 ALT_A 6.5 N 1836 1836 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 421000 408000 ALT_A 7.375 N 1957.083333 1957.08 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 385000 0 ALT_A 6.75 N 1306.666667 1306.67 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 280000 0 ALT_A 6.625 N 2016.208333 2016.21 6/1/2006 3/28/2006 5/1/2006 6/1/2006 4/1/2036 439900 439900 ALT_A 7.25 N 2030 2030 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 406000 0 ALT_A 6.125 N 594.5480136 594.55 6/1/2006 1/18/2006 3/1/2006 6/1/2006 2/1/2036 160000 158900 ALT_A 7.25 N 982.1875 982.19 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 196470 196470 ALT_A 7.5 N 1130.208333 1130.21 6/1/2006 5/2/2006 7/1/2006 6/1/2006 6/1/2036 220000 219703 ALT_A 8.25 N 1119.538032 1119.54 6/1/2006 1/17/2006 3/1/2006 6/1/2006 2/1/2036 182000 182000 ALT_A 6.625 N 1558.333333 1558.33 6/1/2006 11/29/2005 1/1/2006 6/1/2006 12/1/2035 340000 340000 ALT_A 7.125 N 1194.868005 1194.87 6/1/2006 2/6/2006 4/1/2006 6/1/2006 3/1/2036 220000 220000 ALT_A 6.75 N 1447.69823 1447.7 6/1/2006 1/6/2006 3/1/2006 6/1/2006 2/1/2036 274000 272000 ALT_A 6.375 N 2694.166667 2694.17 6/1/2006 1/28/2006 4/1/2006 6/1/2006 3/1/2036 610000 0 ALT_A 7.5 N 1498.333333 1498.33 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 290000 0 ALT_A 6.125 N 1168.75 1168.75 6/1/2006 4/6/2006 6/1/2006 6/1/2006 5/1/2036 281000 0 ALT_A 6.625 N 1553.75 1553.75 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 339000 339000 ALT_A 7.5 N 1420.833333 1420.83 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 275000 275000 ALT_A 7.5 N 1307.166667 1307.17 6/1/2006 1/10/2006 3/1/2006 6/1/2006 2/1/2036 255000 253000 ALT_A 8 N 1742.938521 1742.94 6/1/2006 1/3/2006 2/1/2006 6/1/2006 1/1/2036 290000 290000 ALT_A 6.25 N 457.7083333 457.71 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 130000 0 ALT_A 6.625 N 1145.833333 1145.83 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 250000 250000 ALT_A 7.5 N 2421.875 2421.88 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 470000 0 ALT_A 6.705 Y 1891.343509 1891.34 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 268000 260876 ALT_A 6.5 N 976.5 976.5 6/1/2006 12/23/2005 2/1/2006 6/1/2006 1/1/2036 220000 217000 ALT_A 6.25 N 1235 1235 6/1/2006 1/11/2006 3/1/2006 6/1/2006 2/1/2036 360000 0 ALT_A 6.375 N 938.5416667 938.54 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 235000 0 ALT_A 6.625 N 1173.333333 1173.33 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 256000 256000 ALT_A 6 N 536.4583333 536.46 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 232550 0 ALT_A 6.25 N 899.1666667 899.17 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 240000 0 ALT_A 7.25 N 925 925 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 186000 185000 ALT_A 6.5 N 1049.445 1049.45 6/1/2006 12/2/2005 2/1/2006 6/1/2006 1/1/2036 240000 233245 ALT_A 7.125 N 1180 1180 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 258000 240000 ALT_A 6.455 Y 1167.859681 1167.86 6/1/2006 4/27/2006 6/1/2006 6/1/2006 5/1/2036 178000 165000 ALT_A 6.375 N 1033.5 1033.5 6/1/2006 1/4/2006 3/1/2006 6/1/2006 2/1/2036 234000 234000 ALT_A 6.625 N 1786.640625 1786.64 6/1/2006 2/13/2006 4/1/2006 6/1/2006 3/1/2036 395000 389833 ALT_A 5.875 N 1009.604167 1009.6 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 248000 247250 ALT_A 6.75 N 1042.708333 1042.71 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 294000 0 ALT_A 6.625 N 1035.833333 1035.83 6/1/2006 1/31/2006 3/1/2006 6/1/2006 2/1/2036 235000 226000 ALT_A 4.75 N 1666.666667 1666.67 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 655000 0 ALT_A 6.375 N 1060 1060 6/1/2006 12/7/2005 2/1/2006 6/1/2006 1/1/2036 240000 0 ALT_A 5.5 N 814.5833333 814.58 6/1/2006 1/6/2006 3/1/2006 6/1/2006 2/1/2036 344000 0 ALT_A 6.75 N 1824.666667 1824.67 6/1/2006 12/28/2005 2/1/2006 6/1/2006 1/1/2036 394000 391000 ALT_A 6.75 N 1163.75 1163.75 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 290000 285000 ALT_A 6.25 N 1218.75 1218.75 6/1/2006 1/9/2006 3/1/2006 6/1/2006 2/1/2036 367000 0 ALT_A 6.625 N 1086.25 1086.25 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 237000 237000 ALT_A 7.75 N 1149.333333 1149.33 6/1/2006 4/19/2006 6/1/2006 6/1/2006 5/1/2036 215500 215500 ALT_A 7.25 N 562.5 562.5 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 201000 0 ALT_A 6.625 N 916.6666667 916.67 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 200000 200000 ALT_A 7.75 N 1144.672735 1144.67 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 195000 195000 ALT_A 7 N 3915 3915 6/1/2006 2/9/2006 3/1/2006 6/1/2006 2/1/2036 810000 0 ALT_A 4.56 Y 675 675 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 150000 0 ALT_A 6.5 Y 885.9375 885.94 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 175000 0 ALT_A 5.185 Y 438.1927083 438.19 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 95000 0 ALT_A 7.875 N 1024.427083 1024.43 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 190000 189185 ALT_A 7 N 906.25 906.25 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 265000 0 ALT_A 5.875 N 1780.333333 1780.33 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 445000 436000 ALT_A 6.625 N 1489.296875 1489.3 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 325000 324995 ALT_A 5.75 N 562.5 562.5 6/1/2006 5/9/2006 7/1/2006 6/1/2006 6/1/2036 145000 0 ALT_A 6.125 N 671.5 671.5 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 160000 158000 ALT_A 5.71 Y 1965.9375 1965.94 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 379000 0 ALT_A 6.25 N 991.25 991.25 6/1/2006 12/21/2005 2/1/2006 6/1/2006 1/1/2036 250000 0 ALT_A 7 N 1039.166667 1039.17 6/1/2006 5/8/2006 7/1/2006 6/1/2006 6/1/2036 215000 0 ALT_A 7.5 N 2521.054692 2521.05 6/1/2006 1/19/2006 3/1/2006 6/1/2006 2/1/2036 440000 439900 ALT_A 6.43 Y 1093.541667 1093.54 6/1/2006 2/6/2006 4/1/2006 6/1/2006 3/1/2036 204000 0 ALT_A 6.095 Y 1194.75 1194.75 6/1/2006 4/11/2006 6/1/2006 6/1/2006 5/1/2036 216000 0 ALT_A 6.625 N 2085.416667 2085.42 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 455000 0 ALT_A 5.875 N 1286.25 1286.25 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 329900 327500 ALT_A 6.375 N 1422.166667 1422.17 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 322000 322000 ALT_A 6.25 N 1768 1768 6/1/2006 1/12/2006 3/1/2006 6/1/2006 2/1/2036 408000 0 ALT_A 6.5 N 873.28125 873.28 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 208000 0 ALT_A 6.5 N 1125 1125 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 250000 0 ALT_A 7.25 N 1741.5625 1741.56 6/1/2006 4/3/2006 5/1/2006 6/1/2006 4/1/2036 360000 348326 ALT_A 8.125 N 1898.333333 1898.33 6/1/2006 2/4/2006 4/1/2006 6/1/2006 3/1/2036 340000 0 ALT_A 6.25 N 931.6666667 931.67 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 215000 0 ALT_A 4.75 N 609.8293637 609.83 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 142000 0 ALT_A 7.25 N 2210 2210 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 442000 0 ALT_A 6 N 1291.666667 1291.67 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 315000 310000 ALT_A 7.5 N 476.625 476.63 6/1/2006 3/28/2006 5/1/2006 6/1/2006 4/1/2036 107000 104300 ALT_A 8.375 N 2666.263221 2666.26 6/1/2006 12/28/2005 2/1/2006 6/1/2006 1/1/2036 428500 428500 ALT_A 7.625 N 580.0555137 580.06 6/1/2006 2/2/2006 3/1/2006 6/1/2006 2/1/2036 115000 0 ALT_A 7.625 N 580.0555137 580.06 6/1/2006 2/2/2006 3/1/2006 6/1/2006 2/1/2036 116000 0 ALT_A 5.625 N 395.5833333 395.58 6/1/2006 2/3/2006 3/1/2006 6/1/2006 2/1/2036 107000 101000 ALT_A 7.375 N 960.75 960.75 6/1/2006 11/29/2005 1/1/2006 6/1/2006 12/1/2035 198000 189000 ALT_A 7.375 N 979.05 979.05 6/1/2006 11/29/2005 1/1/2006 6/1/2006 12/1/2035 198000 192600 ALT_A 6.25 N 809.0470701 809.05 6/1/2006 2/13/2006 4/1/2006 6/1/2006 3/1/2036 160000 0 ALT_A 7.345 Y 415.7244576 415.72 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 55000 55000 ALT_A 5.875 N 1051.458333 1051.46 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 267700 257500 ALT_A 5.49 Y 1106.065398 1106.07 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 175000 0 ALT_A 4.625 Y 650 650 6/1/2006 12/30/2005 2/1/2006 6/1/2006 1/1/2036 184000 0 ALT_A 7.74 N 985.4333333 985.43 6/1/2006 5/5/2006 7/1/2006 6/1/2006 6/1/2036 185000 185000 ALT_A 8 N 786.5 786.5 6/1/2006 4/19/2006 6/1/2006 6/1/2006 5/1/2036 144000 143000 ALT_A 6.875 N 1141.9 1141.9 6/1/2006 4/5/2006 6/1/2006 6/1/2006 5/1/2036 241000 240400 ALT_A 6.25 N 1061.874279 1061.87 6/1/2006 1/30/2006 3/1/2006 6/1/2006 2/1/2036 210000 0 ALT_A 6.085 Y 326.9583333 326.96 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 60000 56000 ALT_A 7.375 N 643.3845154 643.38 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 122000 0 ALT_A 6.2 Y 1069.311319 1069.31 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 165000 0 ALT_A 6.5 N 538.3364202 538.34 6/1/2006 4/4/2006 6/1/2006 6/1/2006 5/1/2036 108000 108000 ALT_A 6.25 N 512.6875 512.69 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 121000 119650 ALT_A 7.82 Y 378.17263 378.17 6/1/2006 5/9/2006 7/1/2006 6/1/2006 6/1/2036 55000 52500 ALT_A 6.125 N 405.5154342 405.52 6/1/2006 3/6/2006 5/1/2006 6/1/2006 4/1/2036 90000 0 ALT_A 6.71 Y 591.1207407 591.12 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 84800 84800 ALT_A 6.5 N 474.1875 474.19 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 107000 0 ALT_A 6.75 N 1493.333333 1493.33 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 325000 320000 ALT_A 7 N 315.5065295 315.51 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 83000 75000 ALT_A 7.5 Y 1284.665893 1284.67 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 190000 190000 ALT_A 7.75 N 873.1798429 873.18 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 161000 160000 ALT_A 6.67 Y 1518.892668 1518.89 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 220000 0 ALT_A 6.25 N 420.875 420.88 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 120000 111000 ALT_A 6.885 Y 1876.656362 1876.66 6/1/2006 5/12/2006 7/1/2006 6/1/2006 6/1/2036 260000 259900 ALT_A 6.625 N 1136.666667 1136.67 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 270000 0 ALT_A 7.5 N 992 992 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 192000 192000 ALT_A 7.5 Y 1212.169519 1212.17 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 188000 188000 ALT_A 7.125 N 1327.008333 1327.01 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 275000 269900 ALT_A 6.875 N 892.525 892.53 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 190000 187900 ALT_A 7 N 1158.791667 1158.79 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 274000 274000 ALT_A 7.625 N 742.4710576 742.47 6/1/2006 3/7/2006 4/1/2006 6/1/2006 3/1/2036 128000 128000 ALT_A 7.125 N 600.4479167 600.45 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 124000 122700 ALT_A 7.5 N 1085 1085 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 210000 210000 ALT_A 6.25 N 1300 1300 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 520000 0 ALT_A 5.9 Y 1577.11875 1577.12 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 285000 285000 ALT_A 6.875 N 2058.210089 2058.21 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 435000 381885 ALT_A 6.75 N 984.6476929 984.65 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 185000 185000 ALT_A 7.875 N 2220.264583 2220.26 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 536000 409895 ALT_A 6.625 N 2154.166667 2154.17 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 483000 470000 ALT_A 6.75 N 1064.483992 1064.48 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 200000 200000 ALT_A 7.25 N 1893.25 1893.25 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 379500 378650 ALT_A 6.735 Y 1756.624799 1756.62 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 238000 232400 ALT_A 6.725 Y 2200.056305 2200.06 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 375000 337142 ALT_A 7 N 2175 2175 6/1/2006 2/1/2006 3/1/2006 6/1/2006 2/1/2036 450000 450000 ALT_A 7.255 Y 1150.864583 1150.86 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 210000 164900 ALT_A 7.97 Y 1033.394167 1033.39 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 200000 137405 ALT_A 7.52 Y 1588.373597 1588.37 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 235000 188900 ALT_A 7.83 Y 2089.806092 2089.81 6/1/2006 3/7/2006 4/1/2006 6/1/2006 3/1/2036 262000 259725 ALT_A 6.875 N 1637.265625 1637.27 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 345000 344697 ALT_A 7.125 N 1125.916667 1125.92 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 229000 0 ALT_A 7.25 N 2734.0625 2734.06 6/1/2006 3/15/2006 5/1/2006 6/1/2006 4/1/2036 547000 546864 ALT_A 7.125 N 1561.041667 1561.04 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 394000 0 ALT_A 6.125 N 1115.625 1115.63 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 320000 0 ALT_A 7.125 N 1060.15625 1060.16 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 230000 0 ALT_A 7.625 N 761.25 761.25 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 178000 145000 ALT_A 7.625 N 544.0558184 544.06 6/1/2006 2/6/2006 4/1/2006 6/1/2006 3/1/2036 106000 105300 ALT_A 6.5 N 1325.53125 1325.53 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 350000 294571 ALT_A 4.75 N 629.1666667 629.17 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 310000 0 ALT_A 7.5 N 1348.5 1348.5 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 261000 261000 ALT_A 6.25 N 1795.073187 1795.07 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 355000 355000 ALT_A 7.125 N 745.9291594 745.93 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 168000 135000 ALT_A 7.125 N 745.9291594 745.93 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 168000 135000 ALT_A 6.25 N 866.6666667 866.67 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 230000 0 ALT_A 7.395 Y 1365.02099 1365.02 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 195000 0 ALT_A 6 N 1054.947917 1054.95 6/1/2006 4/19/2006 6/1/2006 6/1/2006 5/1/2036 293000 253194 ALT_A 7.875 N 1512.604167 1512.6 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 287000 279277 ALT_A 7.625 N 2054.50875 2054.51 6/1/2006 5/10/2006 7/1/2006 6/1/2006 6/1/2036 412500 391335 ALT_A 6.55 Y 445.3125 445.31 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 76000 75000 ALT_A 6.125 N 1682.889052 1682.89 6/1/2006 4/10/2006 6/1/2006 6/1/2006 5/1/2036 415000 420000 ALT_A 6.625 N 1145.833333 1145.83 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 261000 260000 ALT_A 7 N 1413.75 1413.75 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 293500 292500 ALT_A 6.75 N 1283.333333 1283.33 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 335000 0 ALT_A 6.15 Y 1374.8525 1374.85 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 262000 261877 ALT_A 7.75 N 1573.333333 1573.33 6/1/2006 5/9/2006 7/1/2006 6/1/2006 6/1/2036 295000 295000 ALT_A 7.82 Y 1266.132292 1266.13 6/1/2006 5/11/2006 7/1/2006 6/1/2006 6/1/2036 187000 172900 ALT_A 7.375 N 1397.916667 1397.92 6/1/2006 5/5/2006 7/1/2006 6/1/2006 6/1/2036 285000 275000 ALT_A 7.375 N 940.4166667 940.42 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 185000 185000 ALT_A 7.25 N 635.9375 635.94 6/1/2006 4/11/2006 6/1/2006 6/1/2006 5/1/2036 185400 0 ALT_A 7 N 1208.333333 1208.33 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 255000 250000 ALT_A 7 N 2948.333333 2948.33 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 610000 610000 ALT_A 6.625 N 1934.166667 1934.17 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 430000 422000 ALT_A 6.75 N 1166.666667 1166.67 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 268000 0 ALT_A 5.625 N 1223.958333 1223.96 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 695000 0 ALT_A 6.425 Y 1021.160938 1021.16 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 182000 174900 ALT_A 6.32 Y 770.625 770.63 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 150000 137000 ALT_A 6.625 N 2375.45459 2375.45 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 460000 452000 ALT_A 6.86 Y 1869.66 1869.66 6/1/2006 3/28/2006 5/1/2006 6/1/2006 4/1/2036 328000 312000 ALT_A 5.16 Y 2257.527115 2257.53 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 400000 386239 ALT_A 6.74 N 1807.796413 1807.8 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 350000 340000 ALT_A 6.41 Y 2005.3125 2005.31 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 350000 345000 ALT_A 7.25 N 1435 1435 6/1/2006 1/26/2006 3/1/2006 6/1/2006 2/1/2036 328000 0 ALT_A 6.51 Y 1129.791667 1129.79 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 220000 0 ALT_A 6.25 N 836.3333333 836.33 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 193000 0 ALT_A 6.125 N 1126.25 1126.25 6/1/2006 5/5/2006 7/1/2006 6/1/2006 6/1/2036 266000 265000 ALT_A 7.25 N 950 950 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 190000 190000 ALT_A 7.5 N 1396.55 1396.55 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 273000 270300 ALT_A 7.375 N 1528.268257 1528.27 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 270000 269900 ALT_A 6.625 N 829.5833333 829.58 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 181000 181000 ALT_A 6.375 N 1682.75 1682.75 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 381000 381000 ALT_A 5.75 N 2399.6 2399.6 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 599900 599900 ALT_A 7 N 894.1666667 894.17 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 190000 185000 ALT_A 7.74 N 821.0356829 821.04 6/1/2006 5/3/2006 6/1/2006 6/1/2006 5/1/2036 154000 140000 ALT_A 6 N 1833.333333 1833.33 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 440000 440000 ALT_A 6.74 N 782.88 782.88 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 168000 168000 ALT_A 6.125 N 1440.75 1440.75 6/1/2006 1/9/2006 3/1/2006 6/1/2006 2/1/2036 339000 0 ALT_A 5.875 N 606.0585417 606.06 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 150000 148423 ALT_A 7.125 N 747.3333333 747.33 6/1/2006 1/5/2006 3/1/2006 6/1/2006 2/1/2036 164000 152000 ALT_A 7.125 N 1277.749023 1277.75 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 241000 0 ALT_A 6.125 N 732.59375 732.59 6/1/2006 3/25/2006 5/1/2006 6/1/2006 4/1/2036 175000 172400 ALT_A 7.125 N 1519.485325 1519.49 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 275000 275000 ALT_A 7.41 Y 692.7083333 692.71 6/1/2006 3/30/2006 5/1/2006 6/1/2006 4/1/2036 101000 100000 ALT_A 6.5 N 800.4375 800.44 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 185000 177900 ALT_A 6.385 Y 1359.09375 1359.09 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 225000 218000 ALT_A 7 N 1290.197917 1290.2 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 267000 266938.25 ALT_A 5.625 N 1135.833333 1135.83 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 290000 290000 ALT_A 6.375 N 1251.020833 1251.02 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 284000 283287 ALT_A 6.5 N 833.34375 833.34 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 186000 185237 ALT_A 7 N 1517.666667 1517.67 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 314000 314000 ALT_A 6.25 N 1153.988333 1153.99 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 270000 266305 ALT_A 6.75 N 1426.909167 1426.91 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 307000 305767 ALT_A 6.25 N 1611.20375 1611.2 6/1/2006 5/12/2006 7/1/2006 6/1/2006 6/1/2036 372000 371816 ALT_A 7.155 Y 901.0104167 901.01 6/1/2006 4/27/2006 6/1/2006 6/1/2006 5/1/2036 137000 135920 ALT_A 6.25 N 862.3333333 862.33 6/1/2006 4/3/2006 5/1/2006 6/1/2006 4/1/2036 206000 199030 ALT_A 6.25 N 2441.833333 2441.83 6/1/2006 3/30/2006 5/1/2006 6/1/2006 4/1/2036 565000 563512 ALT_A 6.625 N 574.0625 574.06 6/1/2006 3/2/2006 4/1/2006 6/1/2006 3/1/2036 146000 143190 ALT_A 5.5 N 599.9166667 599.92 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 160000 156505 ALT_A 5.75 N 1415.5 1415.5 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 355000 353900 ALT_A 6.125 N 1635.71875 1635.72 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 385000 384900 ALT_A 6.25 N 4225 4225 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 1300000 0 ALT_A 8.125 Y 808.8854167 808.89 6/1/2006 3/22/2006 5/1/2006 6/1/2006 4/1/2036 122000 0 ALT_A 6 N 643.75 643.75 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 155000 154500 ALT_A 7.625 N 701.8671716 701.87 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 121000 121000 ALT_A 7.625 N 1130.71875 1130.72 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 216000 215400 ALT_A 6.625 N 571.8682292 571.87 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 126000 124772 ALT_A 6.625 N 697.125 697.13 6/1/2006 3/3/2006 4/1/2006 6/1/2006 3/1/2036 152200 152100 ALT_A 6.625 N 566.328125 566.33 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 130600 130508 ALT_A 7.25 N 1093.1 1093.1 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 220000 218620 ALT_A 6.375 N 1655.91875 1655.92 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 386000 374925 ALT_A 6.375 N 819.5125 819.51 6/1/2006 2/3/2006 3/1/2006 6/1/2006 2/1/2036 186000 185556 ALT_A 6.74 N 661.72 661.72 6/1/2006 5/10/2006 7/1/2006 6/1/2006 6/1/2036 142000 0 ALT_A 6.125 N 1041.25 1041.25 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 245000 0 ALT_A 6.5 N 531.4725 531.47 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 121000 119484 ALT_A 6.25 N 1191.827465 1191.83 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 239000 235700 ALT_A 6.125 N 569.5 569.5 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 134000 134000 ALT_A 6.25 N 1314.625 1314.63 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 305000 303377 ALT_A 5.25 N 1173.333333 1173.33 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 320000 0 ALT_A 5.5 N 547.2083333 547.21 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 305000 293900 ALT_A 6.125 N 1272.875 1272.88 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 300000 299500 ALT_A 6.25 N 1473.333333 1473.33 6/1/2006 5/4/2006 6/1/2006 6/1/2006 5/1/2036 340000 340000 ALT_A 6.625 N 805.5208333 805.52 6/1/2006 4/27/2006 6/1/2006 6/1/2006 5/1/2036 187500 187490 ALT_A 6.25 N 541.125 541.13 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 132000 124900 ALT_A 7 N 543.75 543.75 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 115000 115000 ALT_A 7.25 N 1137.5 1137.5 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 233000 227522 ALT_A 7.375 N 890.8541667 890.85 6/1/2006 4/10/2006 6/1/2006 6/1/2006 5/1/2036 188000 175300 ALT_A 6.875 N 913.9475 913.95 6/1/2006 3/23/2006 5/1/2006 6/1/2006 4/1/2036 194000 192410 ALT_A 6.75 N 770.6066667 770.61 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 170000 165130 ALT_A 7.5 N 2447.708333 2447.71 6/1/2006 12/9/2005 2/1/2006 6/1/2006 1/1/2036 480000 473868 ALT_A 6.375 N 684.03125 684.03 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 154900 154900 ALT_A 6.5 N 1297.8 1297.8 6/1/2006 5/12/2006 7/1/2006 6/1/2006 6/1/2036 290000 288400 ALT_A 7 N 1087.5 1087.5 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 245000 225000 ALT_A 7.25 N 440 440 6/1/2006 3/1/2006 4/1/2006 6/1/2006 3/1/2036 88000 88000 ALT_A 6.375 N 1559.083333 1559.08 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 354000 353000 ALT_A 6.625 N 1650.89375 1650.89 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 361000 360195 ALT_A 6.31 Y 1431.875 1431.88 6/1/2006 2/7/2006 3/1/2006 6/1/2006 2/1/2036 238000 237000 ALT_A 6.375 N 1057.791667 1057.79 6/1/2006 4/5/2006 5/1/2006 6/1/2006 4/1/2036 239500 239500 ALT_A 6.625 N 862.2395833 862.24 6/1/2006 5/11/2006 7/1/2006 6/1/2006 6/1/2036 190000 188150 ALT_A 7.125 N 593.0729167 593.07 6/1/2006 5/1/2006 6/1/2006 6/1/2006 5/1/2036 122000 121500 ALT_A 6.25 N 1128.990417 1128.99 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 261000 260537 ALT_A 5.925 Y 979.8093256 979.81 6/1/2006 3/2/2006 4/1/2006 6/1/2006 3/1/2036 157000 157000 ALT_A 6.125 N 1326 1326 6/1/2006 5/8/2006 6/1/2006 6/1/2006 5/1/2036 312000 312000 ALT_A 6.625 N 691.1666667 691.17 6/1/2006 5/15/2006 7/1/2006 6/1/2006 6/1/2036 184000 150800 ALT_A 5.75 N 1180 1180 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 305000 295000 ALT_A 7 N 1416.166667 1416.17 6/1/2006 5/4/2006 6/1/2006 6/1/2006 5/1/2036 297000 293000 ALT_A 6.25 N 1603.333333 1603.33 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 370000 370000 ALT_A 7.25 N 2600 2600 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 560000 0 ALT_A 6.625 N 723.9355527 723.94 6/1/2006 4/10/2006 6/1/2006 6/1/2006 5/1/2036 145000 0 ALT_A 5.625 N 952.3179167 952.32 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 244000 243145 ALT_A 7.5 N 917.40625 917.41 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 178000 177600 ALT_A 7.27 Y 518.2476879 518.25 6/1/2006 4/27/2006 6/1/2006 6/1/2006 5/1/2036 76000 74900 ALT_A 7 N 913.5 913.5 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 190000 189000 ALT_A 6.125 N 3251.25 3251.25 6/1/2006 5/5/2006 6/1/2006 6/1/2006 5/1/2036 765000 765000 ALT_A 7.25 N 876.875 876.88 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 177000 175435 ALT_A 7.125 N 1640.9375 1640.94 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 340000 333915 ALT_A 5.625 N 2041.5625 2041.56 6/1/2006 1/31/2006 3/1/2006 6/1/2006 2/1/2036 582000 569900 ALT_A 6.875 N 1920.097791 1920.1 6/1/2006 3/31/2006 6/1/2006 6/1/2006 5/1/2036 520000 0 ALT_A 7.875 N 950.396391 950.4 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 160000 160000 ALT_A 6.25 N 2425.583333 2425.58 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 566000 559750 ALT_A 5.875 N 1292.995228 1293 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 266000 0 ALT_A 6.125 N 2273.75 2273.75 6/1/2006 4/19/2006 6/1/2006 6/1/2006 5/1/2036 535000 535000 ALT_A 7.125 N 1243.215266 1243.22 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 235000 225000 ALT_A 7 N 3136.833333 3136.83 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 649000 0 ALT_A 6.21 Y 2345.3125 2345.31 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 410000 395000 ALT_A 6.25 N 2383.333333 2383.33 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 610000 0 ALT_A 6.25 N 1625 1625 6/1/2006 12/30/2005 2/1/2006 6/1/2006 1/1/2036 375000 0 ALT_A 6 N 1750 1750 6/1/2006 1/8/2006 3/1/2006 6/1/2006 2/1/2036 422000 420000 ALT_A 7.05 Y 683.2769764 683.28 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 107000 0 ALT_A 6.015 Y 1592.135417 1592.14 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 292000 277900 ALT_A 7.625 N 3508.81125 3508.81 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 670000 668345 ALT_A 6.55 Y 1025.747684 1025.75 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 163000 0 ALT_A 8.375 Y 362.25 362.25 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 57000 56000 ALT_A 8.375 Y 377.775 377.78 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 67000 58500 ALT_A 6.75 N 2702 2702 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 580000 579000 ALT_A 6 N 1395.833333 1395.83 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 336000 0 ALT_A 7.25 N 1957.800624 1957.8 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 350000 350000 ALT_A 7.125 N 245.8333333 245.83 6/1/2006 3/8/2006 5/1/2006 6/1/2006 4/1/2036 57000 55000 ALT_A 7.255 Y 1330.020451 1330.02 6/1/2006 2/2/2006 3/1/2006 6/1/2006 2/1/2036 199000 190000 ALT_A 6.625 N 788.3145764 788.31 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 151000 150000 ALT_A 6.75 N 1181.577231 1181.58 6/1/2006 12/28/2005 2/1/2006 6/1/2006 1/1/2036 222000 222000 ALT_A 7 N 1790.75 1790.75 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 370500 0 ALT_A 6.5 N 3262.5 3262.5 6/1/2006 3/1/2006 5/1/2006 6/1/2006 4/1/2036 735000 725000 ALT_A 6.5 N 4053.738104 4053.74 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 1375000 0 ALT_A 7.25 N 2650 2650 6/1/2006 5/9/2006 7/1/2006 6/1/2006 6/1/2036 530000 530000 ALT_A 6.875 N 2059.125 2059.13 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 435000 433500 ALT_A 6.625 N 1554.666667 1554.67 6/1/2006 1/20/2006 3/1/2006 6/1/2006 2/1/2036 340000 339200 ALT_A 6.75 N 2100 2100 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 450000 0 ALT_A 7.25 N 2160 2160 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 432000 432000 ALT_A 6.375 N 1564.604167 1564.6 6/1/2006 5/9/2006 7/1/2006 6/1/2006 6/1/2036 374000 354800 ALT_A 6.625 N 1439.453125 1439.45 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 335000 335000 ALT_A 6.75 N 1610 1610 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 350000 345000 ALT_A 6.5 N 2268 2268 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 504000 504000 ALT_A 7.25 N 2891.25 2891.25 6/1/2006 2/15/2006 4/1/2006 6/1/2006 3/1/2036 580000 578300 ALT_A 6 N 1015.933381 1015.93 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 420000 0 ALT_A 6.625 N 2929.902509 2929.9 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 780000 0 ALT_A 7.375 N 2414.583333 2414.58 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 585000 0 ALT_A 6.625 N 1970.786441 1970.79 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 380000 0 ALT_A 6.625 N 1558.333333 1558.33 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 375000 340000 ALT_A 5.75 Y 1638.75 1638.75 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 345000 0 ALT_A 6 N 2034.32963 2034.33 6/1/2006 1/9/2006 3/1/2006 6/1/2006 2/1/2036 428000 413000 ALT_A 7.25 N 875 875 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 175000 0 ALT_A 7.25 N 731.25 731.25 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 151000 149500 ALT_A 6.35 Y 3125 3125 6/1/2006 5/2/2006 7/1/2006 6/1/2006 6/1/2036 557000 0 ALT_A 7 N 1034.333333 1034.33 6/1/2006 5/8/2006 7/1/2006 6/1/2006 6/1/2036 227000 214000 ALT_A 5.625 N 2839.583333 2839.58 6/1/2006 2/13/2006 4/1/2006 6/1/2006 3/1/2036 725000 0 ALT_A 6.25 N 1825.416667 1825.42 6/1/2006 2/1/2006 4/1/2006 6/1/2006 3/1/2036 715000 0 ALT_A 7.25 N 2450 2450 6/1/2006 5/4/2006 7/1/2006 6/1/2006 6/1/2036 490000 0 ALT_A 7.625 N 2283.75 2283.75 6/1/2006 4/20/2006 6/1/2006 6/1/2006 5/1/2036 435000 435000 ALT_A 7.625 N 2252.25 2252.25 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 430000 429000 ALT_A 7.625 N 2252.25 2252.25 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 430000 429000 ALT_A 6.625 N 1704.730271 1704.73 6/1/2006 4/28/2006 7/1/2006 6/1/2006 6/1/2036 346000 0 ALT_A 7.125 N 2138.75 2138.75 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 435000 435000 ALT_A 6.875 N 2593.025 2593.03 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 565000 545900 ALT_A 6.75 N 1283.333333 1283.33 6/1/2006 3/2/2006 5/1/2006 6/1/2006 4/1/2036 280000 275000 ALT_A 5.75 N 1169.123524 1169.12 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 260000 260000 ALT_A 6.375 N 1276.416667 1276.42 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 289000 0 ALT_A 7.375 N 848.9166667 848.92 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 167000 167000 ALT_A 8.25 N 3530.333333 3530.33 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 623000 623000 ALT_A 7.375 N 1423.333333 1423.33 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 280000 0 ALT_A 5.125 N 956.3020833 956.3 6/1/2006 12/22/2005 2/1/2006 6/1/2006 1/1/2036 305000 0 ALT_A 5.25 N 2100.083333 2100.08 6/1/2006 3/7/2006 5/1/2006 6/1/2006 4/1/2036 580000 0 ALT_A 7.25 N 1314.523276 1314.52 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 235000 235000 ALT_A 7.375 N 2160.416667 2160.42 6/1/2006 2/3/2006 4/1/2006 6/1/2006 3/1/2036 425000 425000 ALT_A 6.125 N 1700 1700 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 405000 400000 ALT_A 6.875 N 4750 4750 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 2000000 0 ALT_A 6.86 Y 2270.104167 2270.1 6/1/2006 4/20/2006 6/1/2006 6/1/2006 5/1/2036 310000 310000 ALT_A 6.625 N 5728.59375 5728.59 6/1/2006 5/2/2006 7/1/2006 6/1/2006 6/1/2036 1800000 0 ALT_A 4.875 N 1704.0625 1704.06 6/1/2006 3/9/2006 5/1/2006 6/1/2006 4/1/2036 570000 0 ALT_A 7.5 N 1395 1395 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 270000 0 ALT_A 6.75 N 1323 1323 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 295000 283505 ALT_A 7.125 N 1629.993348 1629.99 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 310000 295000 ALT_A 7.25 N 1110 1110 6/1/2006 5/12/2006 7/1/2006 6/1/2006 6/1/2036 225000 222000 ALT_A 7 N 1184.166667 1184.17 6/1/2006 3/14/2006 5/1/2006 6/1/2006 4/1/2036 245000 245000 ALT_A 5.75 N 4514.615454 4514.62 6/1/2006 1/31/2006 3/1/2006 6/1/2006 2/1/2036 1300000 1255000 ALT_A 5.5 N 9343.75 9343.75 6/1/2006 2/27/2006 5/1/2006 6/1/2006 4/1/2036 3000000 0 ALT_A 7.125 N 1302.916667 1302.92 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 265000 265000 ALT_A 6.29 Y 1281.25 1281.25 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 210000 205000 ALT_A 6.125 N 828.75 828.75 6/1/2006 4/13/2006 6/1/2006 6/1/2006 5/1/2036 195000 0 ALT_A 7.625 N 1073.1027 1073.1 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 193000 185000 ALT_A 8 N 1182.5 1182.5 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 340000 0 ALT_A 6.875 N 2185 2185 6/1/2006 5/5/2006 7/1/2006 6/1/2006 6/1/2036 460000 0 ALT_A 6.5 N 1260 1260 6/1/2006 1/27/2006 3/1/2006 6/1/2006 2/1/2036 280000 0 ALT_A 6.125 N 2045.3125 2045.31 6/1/2006 4/18/2006 6/1/2006 6/1/2006 5/1/2036 550000 0 ALT_A 6.86 Y 2701.5625 2701.56 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 395000 390000 ALT_A 8.375 N 5055.633295 5055.63 6/1/2006 2/2/2006 4/1/2006 6/1/2006 3/1/2036 970000 0 ALT_A 7.875 N 2969.988722 2969.99 6/1/2006 5/10/2006 7/1/2006 6/1/2006 6/1/2036 515000 0 ALT_A 7.625 N 1496.25 1496.25 6/1/2006 5/8/2006 7/1/2006 6/1/2006 6/1/2036 287000 285000 ALT_A 6.04 Y 2712.33289 2712.33 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 400000 397600 ALT_A 7.375 N 1464 1464 6/1/2006 5/11/2006 7/1/2006 6/1/2006 6/1/2036 288000 288000 ALT_A 6.125 Y 1479.28893 1479.29 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 234000 220000 ALT_A 6.605 Y 2126.25 2126.25 6/1/2006 4/24/2006 6/1/2006 6/1/2006 5/1/2036 360000 0 ALT_A 6.65 Y 3312.5 3312.5 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 590000 590000 ALT_A 6.22 Y 3146.465288 3146.47 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 500000 0 ALT_A 6.5 N 2756.25 2756.25 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 700000 0 ALT_A 6.75 N 2916.666667 2916.67 6/1/2006 2/28/2006 5/1/2006 6/1/2006 4/1/2036 825000 0 ALT_A 6.375 N 3555.416667 3555.42 6/1/2006 5/8/2006 7/1/2006 6/1/2006 6/1/2036 920000 0 ALT_A 6.5 N 1597.5 1597.5 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 400000 355000 ALT_A 5.875 Y 907.309375 907.31 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 205000 155400 ALT_A 7.52 Y 1211.25 1211.25 6/1/2006 3/10/2006 5/1/2006 6/1/2006 4/1/2036 185000 170000 ALT_A 7.155 Y 1379.083333 1379.08 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 230000 208370 ALT_A 6.375 N 1488.416667 1488.42 6/1/2006 4/7/2006 6/1/2006 6/1/2006 5/1/2036 337000 337000 ALT_A 6.74 N 1561.1 1561.1 6/1/2006 5/9/2006 7/1/2006 6/1/2006 6/1/2036 335000 335000 ALT_A 6.37 Y 915.8333333 915.83 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 172000 0 ALT_A 6.265 Y 1300.3125 1300.31 6/1/2006 2/9/2006 4/1/2006 6/1/2006 3/1/2036 220000 219000 ALT_A 5.625 N 1659.104896 1659.1 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 428000 423602.03 ALT_A 6.25 N 1204.666667 1204.67 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 281000 278000 ALT_A 6.25 N 753.2633333 753.26 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 174000 173830 ALT_A 0 X 000 000 6/1/2006 4/3/2006 5/1/2006 6/1/2006 4/1/2036 151200 151200 ALT_A 5.625 N 1291.276042 1291.28 6/1/2006 2/17/2006 4/1/2006 6/1/2006 3/1/2036 370000 329703 ALT_A 5.75 N 1447.5 1447.5 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 362000 361900 ALT_A 5.75 N 1000 1000 6/1/2006 3/21/2006 5/1/2006 6/1/2006 4/1/2036 250000 250000 ALT_A 6 N 1846.659028 1846.66 6/1/2006 3/27/2006 5/1/2006 6/1/2006 4/1/2036 374900 374900 ALT_A 5.875 N 489.3875 489.39 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 120000 119850 ALT_A 6.25 N 569.8333333 569.83 6/1/2006 3/3/2006 5/1/2006 6/1/2006 4/1/2036 131600 131555 ALT_A 6 N 1250.541667 1250.54 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 307000 300130 ALT_A 6.125 N 721.565 721.57 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 170000 169780 ALT_A 6 N 647.9166667 647.92 6/1/2006 2/24/2006 4/1/2006 6/1/2006 3/1/2036 157000 155500 ALT_A 5.75 N 1060 1060 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 265000 0 ALT_A 5.75 N 1417 1417 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 356000 354300 ALT_A 5.75 N 868.525 868.53 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 226500 217132 ALT_A 5.855 Y 881.125 881.13 6/1/2006 2/28/2006 4/1/2006 6/1/2006 3/1/2036 169000 168000 ALT_A 6 N 712.2395833 712.24 6/1/2006 3/20/2006 5/1/2006 6/1/2006 4/1/2036 178000 170957 ALT_A 6.25 N 582.8333333 582.83 6/1/2006 4/27/2006 6/1/2006 6/1/2006 5/1/2036 134500 134500 ALT_A 5.5 N 1311 1311 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 355000 342000 ALT_A 5.5 N 1642.34375 1642.34 6/1/2006 2/14/2006 4/1/2006 6/1/2006 3/1/2036 429000 428480 ALT_A 5.64 Y 2681.25 2681.25 6/1/2006 2/16/2006 4/1/2006 6/1/2006 3/1/2036 500000 495000 ALT_A 6.25 N 729.8958333 729.9 6/1/2006 3/30/2006 5/1/2006 6/1/2006 4/1/2036 169000 168494 ALT_A 6.25 N 1224.708333 1224.71 6/1/2006 4/28/2006 6/1/2006 6/1/2006 5/1/2036 303500 301473 ALT_A 5.875 N 1016.377396 1016.38 6/1/2006 2/21/2006 4/1/2006 6/1/2006 3/1/2036 250000 248909 ALT_A 6.5 N 3262.5 3262.5 6/1/2006 2/23/2006 4/1/2006 6/1/2006 3/1/2036 820000 0 ALT_A 6.125 N 1635.71875 1635.72 6/1/2006 4/27/2006 6/1/2006 6/1/2006 5/1/2036 388000 384900 ALT_A 6 N 1000 1000 6/1/2006 2/27/2006 4/1/2006 6/1/2006 3/1/2036 240000 240000 ALT_A 6.125 N 880.3875 880.39 6/1/2006 2/13/2006 4/1/2006 6/1/2006 3/1/2036 209000 207150 ALT_A 5.625 N 651.7333333 651.73 6/1/2006 3/1/2006 4/1/2006 6/1/2006 3/1/2036 173000 166400 ALT_A 6.25 N 902.8712475 902.87 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 183000 178555 ALT_A 6.25 N 843.6133333 843.61 6/1/2006 4/10/2006 6/1/2006 6/1/2006 5/1/2036 195000 194680 ALT_A 6.25 N 780 780 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 184000 180000 ALT_A 6.125 N 1062.5 1062.5 6/1/2006 5/11/2006 7/1/2006 6/1/2006 6/1/2036 250000 250000 ALT_A 6.5 N 680.625 680.63 6/1/2006 5/9/2006 7/1/2006 6/1/2006 6/1/2036 154000 153900 ALT_A 6.25 N 996.6666667 996.67 6/1/2006 5/2/2006 6/1/2006 6/1/2006 5/1/2036 236000 230050 ALT_A 6.125 N 1241 1241 6/1/2006 5/3/2006 6/1/2006 6/1/2006 5/1/2036 295000 292000 ALT_A 6.125 N 2465 2465 6/1/2006 4/21/2006 6/1/2006 6/1/2006 5/1/2036 580000 580000 ALT_A 6.25 N 1183 1183 6/1/2006 2/22/2006 4/1/2006 6/1/2006 3/1/2036 290000 273000 ALT_A 6.5 N 3768.75 3768.75 6/1/2006 3/24/2006 5/1/2006 6/1/2006 4/1/2036 900000 0 ALT_A 6 N 536.6666667 536.67 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 129000 128800 ALT_A 6.375 N 1645.208333 1645.21 6/1/2006 2/7/2006 4/1/2006 6/1/2006 3/1/2036 377000 372500 ALT_A 6 N 3177.083333 3177.08 6/1/2006 3/16/2006 5/1/2006 6/1/2006 4/1/2036 2000000 0 ALT_A 5.5 N 3033.125 3033.13 6/1/2006 4/17/2006 6/1/2006 6/1/2006 5/1/2036 850000 844600 ALT_A 6.625 N 2864.583333 2864.58 6/1/2006 5/24/2006 7/1/2006 6/1/2006 6/1/2036 1366000 0 ALT_A 6.375 N 1459.908991 1459.91 6/1/2006 5/24/2006 7/1/2006 6/1/2006 6/1/2036 495000 0 ALT_A 7.625 N 1725.9375 1725.94 6/1/2006 5/25/2006 7/1/2006 6/1/2006 6/1/2036 456000 0 ALT_A 7.75 N 1375 1375 6/1/2006 4/26/2006 6/1/2006 6/1/2006 5/1/2036 275000 0 ALT_A 5.75 N 867.75 867.75 6/1/2006 2/10/2006 4/1/2006 6/1/2006 3/1/2036 220000 217005 ALT_A 6.5 N 2272.21875 2272.22 6/1/2006 4/14/2006 6/1/2006 6/1/2006 5/1/2036 550000 504990 ALT_A 7.125 N 1323.8125 1323.81 6/1/2006 3/30/2006 5/1/2006 6/1/2006 4/1/2036 277000 269265 ALT_A 6.25 N 560.0833333 560.08 6/1/2006 3/13/2006 5/1/2006 6/1/2006 4/1/2036 130000 129252 ALT_A 8.625 N 636.5159159 636.52 6/1/2006 5/17/2006 7/1/2006 6/1/2006 6/1/2036 102000 100000 ALT_A 6.375 N 2451.25 2451.25 6/1/2006 5/23/2006 7/1/2006 6/1/2006 6/1/2036 555000 555000 ALT_A 7.25 N 1563.15625 1563.16 6/1/2006 3/30/2006 5/1/2006 6/1/2006 4/1/2036 313000 312631 ALT_A 7.125 N 2876.25 2876.25 6/1/2006 4/12/2006 6/1/2006 6/1/2006 5/1/2036 585000 0 ALT_A 6.749 N 1283.15 1283.15 6/1/2006 4/25/2006 6/1/2006 6/1/2006 5/1/2036 275000 275000 ALT_A 6.375 N 1682.75 1682.75 6/1/2006 5/24/2006 7/1/2006 6/1/2006 6/1/2036 407000 381000 ALT_A 7.625 N 2546.25 2546.25 6/1/2006 5/17/2006 7/1/2006 6/1/2006 6/1/2036 485000 0 ALT_A 6.75 N 1796.666667 1796.67 6/1/2006 5/12/2006 7/1/2006 6/1/2006 6/1/2036 394000 385000 ALT_A 7.125 N 3195.833333 3195.83 6/1/2006 5/4/2006 7/1/2006 6/1/2006 6/1/2036 650000 650000 ALT_A 6.74 N 2129.62 2129.62 6/1/2006 5/10/2006 7/1/2006 6/1/2006 6/1/2036 470000 457000 ALT_A 6.625 N 2475 2475 6/1/2006 5/15/2006 7/1/2006 6/1/2006 6/1/2036 540000 540000 ALT_A 7.25 N 3350 3350 6/1/2006 4/3/2006 6/1/2006 6/1/2006 5/1/2036 700000 670000 ALT_A 7.25 N 3122.5 3122.5 6/1/2006 4/3/2006 6/1/2006 6/1/2006 5/1/2036 625000 624500 ALT_A 6.375 N 1280.391667 1280.39 6/1/2006 3/31/2006 5/1/2006 6/1/2006 4/1/2036 295000 289900 ALT_A 6.875 N 1139.525 1139.53 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 240000 239900 ALT_A 6.875 N 2470 2470 6/1/2006 3/17/2006 5/1/2006 6/1/2006 4/1/2036 522000 520000 ALT_A 7 N 2706.666667 2706.67 6/1/2006 5/10/2006 7/1/2006 6/1/2006 6/1/2036 560000 0 ALT_A 6.125 N 1177.56875 1177.57 6/1/2006 3/29/2006 5/1/2006 6/1/2006 4/1/2036 279000 277075 ALT_A 8.875 N 864.0782325 864.08 6/1/2006 5/24/2006 7/1/2006 6/1/2006 6/1/2036 118000 118000 ALT_A 8.875 N 864.0782325 864.08 6/1/2006 5/24/2006 7/1/2006 6/1/2006 6/1/2036 118000 118000 ALT_A 8.5 N 1203.651621 1203.65 6/1/2006 5/25/2006 7/1/2006 6/1/2006 6/1/2036 170000 0 ALT_A 8.5 N 2296.875 2296.88 6/1/2006 5/25/2006 7/1/2006 6/1/2006 6/1/2036 350000 0 ALT_A 9.125 N 2764.776446 2764.78 6/1/2006 5/19/2006 7/1/2006 6/1/2006 6/1/2036 350000 349900 ALT_A 6.875 N 1036.852807 1036.85 6/1/2006 1/24/2006 3/1/2006 6/1/2006 2/1/2036 162000 0 ALT_A 6.25 N 1798.33 1798.33 6/1/2006 5/11/2006 7/1/2006 6/1/2006 6/1/2036 430000 415000 PRODUCT LTVAMT LTV CLTV PMICO PMIPCT LENDERDOCT ORIGTERM SCHEDRTERM AGE ------- ------ --- ---- ----- ------ ---------- -------- ---------- --- ALT_A 480000 85 85 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 340000 90 90 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 187400 94.984 94.984 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 340000 90 90 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 349900 80 80 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 165000 95 95 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 295000 90 90 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 420000 62.5 62.5 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 395000 62.025 62.025 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 260000 85 85 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 440000 75 75 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 340000 85 85 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 659950 79.998 89.999 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 575000 76.348 76.348 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 499000 80 80 0 FULL DOCUMENTATION PROVIDED 360 354 6 ALT_A 228000 83.772 83.772 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 127500 85 85 0 FULL DOCUMENTATION PROVIDED 360 355 5 ALT_A 305000 65.902 65.902 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 445000 79.775 79.775 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 220000 85 85 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 265000 67.925 67.925 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 350000 74.286 74.286 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 700000 85 85 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 355000 85 85 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 355000 26.479 26.479 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 365000 90 90 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 475000 64.421 64.421 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 275000 76.364 76.364 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 520000 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 325000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 415000 80 80 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 410000 66.829 66.829 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 420000 95 95 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 334000 95 95 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 530000 44.34 44.34 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 315000 91.984 91.984 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 620000 70 70 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 380000 71.053 71.053 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 312000 80 80 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 240000 80 80 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 240000 90 90 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 192000 91.146 91.146 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 265000 95 95 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 226500 94.371 94.371 0 FULL DOCUMENTATION PROVIDED 360 355 5 ALT_A 137000 85 85 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 277500 60.811 60.811 0 STATED INCOME / STATED ASSET 360 355 5 ALT_A 143000 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 166000 75.181 75.181 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 136000 90 90 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 75000 90 90 0 STATED INCOME / STATED ASSET 360 351 9 ALT_A 98000 90 90 0 STATED INCOME / STATED ASSET 360 354 6 ALT_A 410000 84.146 84.146 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 178000 90 90 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 438000 90 90 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 275900 90 90 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 389000 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 329000 85 85 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 420000 85 85 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 245000 88.061 95 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 485000 90 90 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 345000 90 90 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 605000 80 99.174 0 FULL DOCUMENTATION PROVIDED 360 355 5 ALT_A 335000 80 80 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 425000 80 80 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 325000 90 90 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 188000 88.792 88.792 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 100000 89.889 89.889 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 405000 90 90 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 405000 95 95 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 655000 81.679 81.679 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 347000 86.167 86.167 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 449000 67.929 67.929 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 250000 90 90 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 290000 90 90 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 435000 90 90 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 220000 90 90 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 650000 85 85 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 450000 84.444 84.444 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 365000 85 85 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 220000 85 85 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 495000 55.556 67.545 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 290000 90 90 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 245000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 320000 65 65 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 399000 80 100 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 280000 90 90 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 200000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 385950 89.999 89.999 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 540000 69.444 69.444 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 336000 55.655 55.655 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 1030000 24.272 24.272 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 376000 89.761 89.761 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 140000 90 90 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 400000 65 65 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 270000 80 95 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 345000 90 90 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 309900 80.026 80.026 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 186000 83.763 83.763 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 320000 90 90 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 72500 94.966 94.966 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 250000 78.8 78.8 0 NO RATIO 360 357 3 ALT_A 417000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 195000 80 80 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 159000 80 80 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 195700 79.995 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 272000 80 100 0 NO RATIO 360 359 1 ALT_A 175000 95 95 UNITEDGUARANTY 35 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 180000 80 98 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 203000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 380000 90 90 PMI 30 NO RATIO 360 357 3 ALT_A 205000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 219000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 245000 89.796 89.796 PMI 30 STATED INCOME / STATED ASSET 360 358 2 ALT_A 252500 80 90 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 248950 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 235000 80 94.064 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 327000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 249000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 279230 79.988 99.989 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 429950 100 100 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 210000 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 239950 79.996 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 251500 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 165000 95 95 PMI 35 NO INCOME / NO ASSET 360 358 2 ALT_A 401000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 265000 72.83 72.83 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 223572 79.997 99.99 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 262950 79.996 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 323400 100 100 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 175000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 280000 80 80 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 230000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 325000 80 90 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 460000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 327900 79.994 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 164000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 232800 79.983 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 358000 70 70 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 354000 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 208000 95 95 UNITEDGUARANTY 35 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 925000 80 89.995 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 520000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 575000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 310000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 340000 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 226880 94.94 94.94 PMI 35 NO INCOME / NO ASSET 360 360 0 ALT_A 215000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 147000 85 85 PMI 12 STATED INCOME / STATED ASSET 360 357 3 ALT_A 192500 94.987 94.987 PMI 35 NO INCOME / NO ASSET 360 360 0 ALT_A 160000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 136000 95 95 PMI 35 NO INCOME / NO ASSET 360 360 0 ALT_A 150000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 153000 95 95 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 360 0 ALT_A 500000 72.4 72.4 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 145000 80 80 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 213000 80 100 0 FULL DOCUMENTATION PROVIDED 360 360 0 ALT_A 265000 95 95 UNITEDGUARANTY 35 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 245000 95 95 PMI 35 NO INCOME / NO ASSET 360 357 3 ALT_A 208000 90 90 PMI 30 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 339900 94.999 94.999 UNITEDGUARANTY 35 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 190000 76.316 76.316 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 199000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 261000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 292000 80 90 0 NO RATIO 360 357 3 ALT_A 127000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 211000 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 285000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 233822 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 270000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 185000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 450000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 2181000 20.633 20.633 0 NO INCOME / NO ASSET 360 357 3 ALT_A 405000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 970000 80 87.113 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 1500000 60 60 0 NO INCOME / NO ASSET 360 355 5 ALT_A 625000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 588000 75 75 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 250000 80 100 0 NO RATIO 360 360 0 ALT_A 250000 30 30 0 NO INCOME / NO ASSET 360 359 1 ALT_A 266000 79.699 79.699 0 NO INCOME / NO ASSET 360 357 3 ALT_A 272000 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 205000 77.805 90 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 363000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 345850 79.991 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 568000 80 90 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 313000 32.907 32.907 0 NO INCOME / NO ASSET 360 359 1 ALT_A 390000 80 93.33 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 380000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 360000 80 100 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 509000 80 83.536 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 406153 80 100 0 NO RATIO 360 358 2 ALT_A 275000 62.909 62.909 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 330000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 288000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 357900 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 302700 65 65 0 NO INCOME / NO ASSET 360 357 3 ALT_A 260000 80 92.308 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 330000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 383000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 415000 80 100 0 NO RATIO 360 355 5 ALT_A 473800 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 395000 80 100 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 551000 80 100 0 NO RATIO 360 355 5 ALT_A 294000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 283750 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 508128 80 99.68 0 NO RATIO 360 358 2 ALT_A 490000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 326820 79.998 99.994 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 485000 69.278 69.278 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 700000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 795000 80 95 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 1135000 65 79.996 0 NO INCOME / NO ASSET 360 356 4 ALT_A 379900 80 100 0 NO RATIO 360 358 2 ALT_A 373500 71.218 71.218 0 FULL DOCUMENTATION PROVIDED 360 355 5 ALT_A 506000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 475000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 122900 61.025 61.025 0 NO RATIO 360 355 5 ALT_A 250000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 365000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 604000 69.04 85 0 NO INCOME / NO ASSET 360 356 4 ALT_A 465000 80 90 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 453900 79.996 99.996 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 360000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 439000 80 80 0 NO RATIO 360 357 3 ALT_A 398990 79.989 99.977 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 570000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 465000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 490000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 455000 80 100 0 NO RATIO 360 359 1 ALT_A 423163 80 100 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 645782 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 484570 79.999 99.999 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 348000 78.161 97.701 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 495000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 372000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 290000 80 80 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 425000 65 65 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 550000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 355000 64.648 90 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 325000 77.538 77.538 0 NO RATIO 360 357 3 ALT_A 285000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 615000 49.593 49.593 0 NO INCOME / NO ASSET 360 358 2 ALT_A 310000 77.419 91.935 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 360000 80 90 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 195000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 350000 50 50 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 330000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 330000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 351000 64.957 64.957 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 622585 79.997 99.994 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 275000 29.091 29.091 0 NO INCOME / NO ASSET 360 357 3 ALT_A 399950 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 875000 69.6 69.6 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 463500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 425000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 645000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 810000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 805000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 650000 80 100 0 NO RATIO 360 359 1 ALT_A 650000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 718000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 365000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 368000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 625000 64 64 0 NO INCOME / NO ASSET 360 356 4 ALT_A 605000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 354 6 ALT_A 665000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 347000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 685000 51.095 51.095 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 449888 80 100 0 NO RATIO 360 356 4 ALT_A 690000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 525000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 795000 70 90 0 NO RATIO 360 357 3 ALT_A 540000 74.074 74.074 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 385000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 720000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 740000 80 100 0 NO RATIO 360 358 2 ALT_A 700000 64.286 64.286 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 720000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 768800 100 100 0 STATED INCOME / VERIFIED ASSETS 360 353 7 ALT_A 645000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 665000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 600000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 630000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 600000 79.167 79.167 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 615000 80 100 0 NO RATIO 360 357 3 ALT_A 600000 80 95 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 788000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 1000000 75 99.995 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 690000 79.072 82.696 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 618000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 642500 80 100 0 NO RATIO 360 358 2 ALT_A 610000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 800000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 680000 70 95 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 800000 80 100 0 STATED INCOME / STATED ASSET 360 355 5 ALT_A 424500 80 80 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 870000 47.931 47.931 0 NO RATIO 360 356 4 ALT_A 875000 23.509 23.509 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 503000 80 89.94 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 355000 70 100 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 407000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 325000 80 95.385 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 455000 80 100 0 NO RATIO 360 358 2 ALT_A 819000 74.359 100 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 507500 79.921 87.015 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 470000 80 100 0 NO RATIO 360 359 1 ALT_A 332000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 440000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 475000 57.895 57.895 0 NO INCOME / NO ASSET 360 357 3 ALT_A 440000 74 74 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 540000 85 85 PMI 12 NO RATIO 360 357 3 ALT_A 400000 80 80 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 500000 80 100 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 925000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 920000 70 70 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 755000 80 100 0 NO RATIO 360 357 3 ALT_A 440000 80 100 0 NO RATIO 360 358 2 ALT_A 1050000 64 64 0 NO INCOME / NO ASSET 360 357 3 ALT_A 639950 80 90 0 NO RATIO 360 356 4 ALT_A 416500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 571804 79.992 99.992 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 1165000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 610000 80 80 0 NO RATIO 360 356 4 ALT_A 825000 78.788 78.788 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 530000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 575000 56.783 56.783 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 835000 70 85 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 675000 48.889 63.704 0 NO INCOME / NO ASSET 360 358 2 ALT_A 665000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 433000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 660000 80 100 0 NO RATIO 360 359 1 ALT_A 750000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 500000 20 20 0 NO INCOME / NO ASSET 360 358 2 ALT_A 639350 79.995 94.995 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 610000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 625000 75 75 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 670000 77.164 77.164 0 NO INCOME / NO ASSET 360 359 1 ALT_A 570000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 585000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 720000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 519000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 500000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 1190000 59.664 59.664 0 NO INCOME / NO ASSET 360 357 3 ALT_A 540000 65 85 0 NO INCOME / NO ASSET 360 357 3 ALT_A 400000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 635000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 347000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 590000 45 45 0 NO INCOME / NO ASSET 360 358 2 ALT_A 764990 79.995 99.995 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 485000 80 95 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 405000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 402000 79.602 79.602 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 625000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 315000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 565000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 525000 73.333 73.333 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 600000 73.167 73.167 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 485000 69.237 69.237 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 619000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 485000 46.392 46.392 0 NO INCOME / NO ASSET 360 358 2 ALT_A 1110173 79.997 89.995 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 523000 79.732 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 575000 72.522 100 0 NO RATIO 360 358 2 ALT_A 490000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 830000 78.313 100 0 NO RATIO 360 358 2 ALT_A 385000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 476000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 630000 59.206 59.206 0 NO INCOME / NO ASSET 360 356 4 ALT_A 540000 32.593 32.593 0 NO INCOME / NO ASSET 360 358 2 ALT_A 555000 68.468 86.486 0 NO RATIO 360 356 4 ALT_A 363888 79.997 99.99 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 735000 80 100 0 STATED INCOME / STATED ASSET 360 355 5 ALT_A 2000000 65 65 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 650000 51.692 63.68 0 NO INCOME / NO ASSET 360 357 3 ALT_A 637000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 799000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 1100000 65 65 0 STATED INCOME / VERIFIED ASSETS 360 354 6 ALT_A 1425000 29.544 29.544 0 NO INCOME / NO ASSET 360 358 2 ALT_A 634900 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 535000 47.664 47.664 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 595000 50.42 50.42 0 NO INCOME / NO ASSET 360 358 2 ALT_A 759900 80 100 0 NO RATIO 360 358 2 ALT_A 539950 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 503000 80 100 0 NO RATIO 360 358 2 ALT_A 695000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 580000 80 100 0 NO RATIO 360 358 2 ALT_A 455091 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 279950 79.996 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 354000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 290000 80 80 0 NO RATIO 360 359 1 ALT_A 431000 70 70 0 NO INCOME / NO ASSET 360 356 4 ALT_A 270000 80 100 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 195000 80 85.469 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 291500 79.588 79.588 0 NO INCOME / NO ASSET 360 357 3 ALT_A 276000 78.986 78.986 0 NO INCOME / NO ASSET 360 359 1 ALT_A 131000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 320000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 360000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 315000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 415000 56.867 56.867 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 230000 79.13 93.13 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 253000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 135000 74.815 94.815 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 390000 52.051 52.051 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 354000 80 100 0 NO RATIO 360 359 1 ALT_A 359000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 332000 80 100 0 NO RATIO 360 357 3 ALT_A 470000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 635000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 315000 60.317 60.317 0 NO INCOME / NO ASSET 360 357 3 ALT_A 400000 90 90 PMI 30 STATED INCOME / STATED ASSET 360 357 3 ALT_A 286000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 275000 80 95 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 327500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 350000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 375000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 285000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 385990 79.989 99.977 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 285000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 360000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 299900 79.993 100 0 NO RATIO 360 360 0 ALT_A 545000 80 90 0 NO RATIO 360 358 2 ALT_A 439000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 395000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 529990 79.992 99.974 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 440000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 396395 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 538000 80 80 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 334000 77.844 97.305 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 270000 90 90 PMI 30 STATED INCOME / STATED ASSET 360 357 3 ALT_A 436000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 369005 79.945 99.944 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 320000 60.938 60.938 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 295000 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 250000 80 99.96 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 360000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 184950 64.991 89.97 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 412000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 500000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 265000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 405000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 277500 80 94.865 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 180000 78.333 78.333 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 353000 56.657 56.657 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 365000 63.014 63.014 0 NO INCOME / NO ASSET 360 358 2 ALT_A 210000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 135000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 270000 59.259 59.259 0 NO INCOME / NO ASSET 360 358 2 ALT_A 245000 89.796 89.796 PMI 30 STATED INCOME / STATED ASSET 360 359 1 ALT_A 305000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 337200 79.953 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 230000 80 100 0 NO RATIO 360 357 3 ALT_A 600000 32.5 32.5 0 NO INCOME / NO ASSET 360 358 2 ALT_A 300000 80 80 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 300000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 275000 80 80 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 120000 70 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 235000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 373154 79.525 99.409 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 436000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 369900 79.995 99.986 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 224500 100 100 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 290000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 295000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 223000 80 80 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 260000 80 80 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 186000 60.215 60.215 0 NO INCOME / NO ASSET 360 358 2 ALT_A 262000 80 90 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 200000 79.6 99.5 0 NO RATIO 360 357 3 ALT_A 268000 67.724 67.724 0 NO INCOME / NO ASSET 360 358 2 ALT_A 895000 72.626 95 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 1200000 12.5 12.5 0 NO INCOME / NO ASSET 360 357 3 ALT_A 900000 80 100 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 1100000 54.545 54.545 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 550000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 532000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 1400000 64.286 64.286 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 370000 38.986 38.986 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 605000 79.339 79.339 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 315000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 440000 85 85 RMIC 12 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 625000 79.2 79.2 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 615000 80 86.179 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 1300000 65 65 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 390000 70 70 0 NO RATIO 360 358 2 ALT_A 720000 80 99.444 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 478000 71.13 81.59 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 1000000 57 57 0 NO INCOME / NO ASSET 360 357 3 ALT_A 453600 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 480000 39.375 39.375 0 NO INCOME / NO ASSET 360 357 3 ALT_A 415000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 729000 50.754 50.754 0 NO INCOME / NO ASSET 360 357 3 ALT_A 1000000 50 50 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 565000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 574000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 455000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 227900 79.991 94.998 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 530000 80 90 0 NO RATIO 360 357 3 ALT_A 519000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 363000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 435000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 465000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 297000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 595000 75.126 87.731 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 680000 80 85 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 650000 80 100 0 NO RATIO 360 359 1 ALT_A 690000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 595000 67.311 67.311 0 NO RATIO 360 358 2 ALT_A 643000 80 95 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 390000 80 94.872 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 524900 79.444 89.998 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 620000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 607000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 610000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 668000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 590000 78.373 98.814 0 NO RATIO 360 358 2 ALT_A 590000 58.475 58.475 0 NO INCOME / NO ASSET 360 358 2 ALT_A 593000 78.651 80.337 0 STATED INCOME / VERIFIED ASSETS 360 354 6 ALT_A 650000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 370000 74.324 74.324 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 845000 28.994 28.994 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 615000 65.854 65.854 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 585000 68.803 68.803 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 1210000 53.719 53.719 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 1210000 52.479 52.479 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 555000 48.649 48.649 0 NO INCOME / NO ASSET 360 358 2 ALT_A 620000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 590000 62.373 62.373 0 NO INCOME / NO ASSET 360 358 2 ALT_A 635000 78.268 78.268 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 520000 80 97 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 1220000 80 90 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 840000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 419000 80 100 0 NO RATIO 360 356 4 ALT_A 581000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 699900 79.997 89.984 0 NO RATIO 360 359 1 ALT_A 600000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 775000 80 80 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 605000 74.38 74.38 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 1010000 80 99.802 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 392000 95 95 PMI 35 NO INCOME / NO ASSET 360 359 1 ALT_A 500000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 350000 32.857 32.857 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 763000 80 90 0 NO RATIO 360 357 3 ALT_A 373500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 680000 80 100 0 NO RATIO 360 358 2 ALT_A 1000000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 1150000 65 65 0 NO INCOME / NO ASSET 360 356 4 ALT_A 525000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 410000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 355000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 295000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 250000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 484000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 909000 80 100 0 FULL DOCUMENTATION PROVIDED 360 360 0 ALT_A 350000 88.571 88.571 PMI 30 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 182000 78.022 78.022 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 440000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 398550 79.99 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 430000 71.163 71.163 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 439990 79.99 94.979 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 419900 79.995 99.988 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 309750 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 339175 79.988 99.993 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 410550 79.893 99.866 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 355000 80 100 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 325794 79.989 99.986 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 378000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 433000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 737787 77.455 96.817 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 385000 70 70 0 NO RATIO 360 358 2 ALT_A 620500 80 95 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 453319 79.999 99.996 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 619773 79.997 99.996 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 398900 80 100 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 1275000 78.431 78.431 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 425000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 233090 79.991 99.983 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 525000 80 90 0 NO RATIO 360 356 4 ALT_A 385950 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 475000 80 95 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 369900 79.995 79.995 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 340000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 357000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 317500 80 100 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 365000 57.534 57.534 0 NO INCOME / NO ASSET 360 360 0 ALT_A 387000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 399000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 370000 80 90 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 370000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 428000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 730000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 371990 79.989 99.976 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 369900 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 263000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 330000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 450000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 400000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 430000 56.744 56.744 0 NO INCOME / NO ASSET 360 357 3 ALT_A 415000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 725000 80 95 0 NO RATIO 360 358 2 ALT_A 360000 78.889 98.611 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 530000 58.113 58.113 0 NO INCOME / NO ASSET 360 359 1 ALT_A 455000 80 95 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 600000 70 70 0 NO INCOME / NO ASSET 360 356 4 ALT_A 340000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 575000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 600000 65 65 0 NO INCOME / NO ASSET 360 358 2 ALT_A 399000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 490801 79.992 99.99 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 540000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 345000 71.594 71.594 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 389000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 445000 80 100 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 483000 70 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 450000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 215000 65 65 0 NO RATIO 360 357 3 ALT_A 1080000 80 90 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 390000 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 350000 80 80 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 330000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 950000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 395000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 575000 80 80 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 300000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 225000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 300000 50 50 0 NO INCOME / NO ASSET 360 357 3 ALT_A 305000 80 100 0 NO RATIO 360 358 2 ALT_A 260000 71 71 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 402000 49.751 49.751 0 NO INCOME / NO ASSET 360 359 1 ALT_A 275000 56.364 56.364 0 NO INCOME / NO ASSET 360 360 0 ALT_A 310000 39 39 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 292000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 430090 80 100 0 NO RATIO 360 357 3 ALT_A 462000 80 100 0 NO RATIO 360 358 2 ALT_A 315000 70 70 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 444900 79.996 99.978 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 490000 79.592 79.592 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 506000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 345000 75 75 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 350000 80 95 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 319500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 325000 80 80 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 600000 80 90 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 465000 80 95 0 FULL DOCUMENTATION PROVIDED 360 360 0 ALT_A 290000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 265000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 352500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 320000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 412000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 372000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 430000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 405000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 386900 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 330000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 400000 65 65 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 385000 54.545 54.545 0 NO INCOME / NO ASSET 360 356 4 ALT_A 450000 41.156 41.156 0 NO INCOME / NO ASSET 360 356 4 ALT_A 410000 80 80 0 NO INCOME / NO ASSET 360 357 3 ALT_A 195000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 349000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 299000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 255000 88.941 88.941 PMI 30 STATED INCOME / STATED ASSET 360 359 1 ALT_A 283000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 320000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 428000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 360000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 345000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 645000 65 65 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 385000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 456220 79.994 99.993 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 380000 63.684 63.684 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 415000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 424300 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 320000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 364000 45.055 45.055 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 369000 78.591 78.591 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 485000 75 95 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 598769 79.997 99.997 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 526000 66.996 66.996 0 NO RATIO 360 359 1 ALT_A 461000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 480000 80 100 0 NO RATIO 360 357 3 ALT_A 319900 79.994 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 348000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 180000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 335000 80 100 0 NO RATIO 360 358 2 ALT_A 380000 90 90 PMI 30 STATED INCOME / STATED ASSET 360 357 3 ALT_A 379900 80 95 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 380000 65 65 0 NO INCOME / NO ASSET 360 356 4 ALT_A 270000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 250000 80 80 0 NO RATIO 360 359 1 ALT_A 282000 70 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 255000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 337000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 249000 80 90 0 STATED INCOME / STATED ASSET 360 355 5 ALT_A 470000 85 85 PMI 12 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 255000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 339890 76.495 76.495 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 607000 70 70 0 NO INCOME / NO ASSET 360 355 5 ALT_A 240000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 256324 79.996 99.991 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 355000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 192000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 309000 69.579 69.579 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 310000 80 80 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 237500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 289000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 92500 80 80 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 142900 79.986 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 148900 73.203 94.963 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 142900 77.502 94.997 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 142200 77.356 94.937 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 225000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 213000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 214950 79.995 99.977 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 1200000 80 80 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 416968 79.994 99.996 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 199900 79.99 99.975 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 291419 79.988 99.976 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 279398 79.993 99.965 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 371352 79.978 99.986 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 358990 79.947 79.947 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 373200 79.997 99.987 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 224900 79.991 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 254030 79.991 99.988 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 253990 79.964 99.925 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 240990 79.962 99.963 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 237990 79.961 99.941 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 245420 79.985 99.992 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 245649 79.992 99.98 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 246276 79.992 99.989 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 280000 51.786 51.786 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 262000 32.443 32.443 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 287900 79.993 99.983 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 343000 79.883 99.971 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 410000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 266000 80 100 0 NO RATIO 360 358 2 ALT_A 303240 80 90 0 NO INCOME / NO ASSET 360 355 5 ALT_A 175000 80 100 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 279000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 360000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 440000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 295000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 230000 45.652 45.652 0 NO RATIO 360 358 2 ALT_A 440000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 314274 79.994 94.981 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 332000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 342000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 275000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 298708 79.995 99.997 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 594990 79.993 94.993 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 365929 79.988 99.978 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 356777 79.994 99.992 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 391846 79.993 79.993 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 500000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 314987 79.987 99.988 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 290000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 665000 80 80 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 449990 79.991 94.991 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 354990 79.988 89.988 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 319000 75 75 0 NO RATIO 360 355 5 ALT_A 320000 78.125 78.125 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 326000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 490000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 620000 80 85 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 465000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 470000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 635000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 1566170 79.813 79.813 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 567000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 432000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 475000 80 100 0 NO RATIO 360 358 2 ALT_A 215000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 545000 80 90 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 510000 80 100 0 NO RATIO 360 359 1 ALT_A 720000 80 100 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 462000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 376000 57.181 57.181 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 573500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 440000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 525000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 239000 94.979 94.979 UNITEDGUARANTY 35 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 495000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 315000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 649000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 615000 80 96.26 0 NO RATIO 360 357 3 ALT_A 1200000 80 95 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 550000 80 100 0 NO RATIO 360 355 5 ALT_A 411000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 415000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 365000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 400000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 533000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 535000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 708914 80 100 0 STATED INCOME / VERIFIED ASSETS 360 354 6 ALT_A 465000 56.989 56.989 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 327500 80 89.771 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 710000 80 100 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 772400 79.997 99.994 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 500000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 1225000 60 60 0 NO INCOME / NO ASSET 360 358 2 ALT_A 915000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 420000 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 447000 80 98.881 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 761250 80 100 0 NO RATIO 360 359 1 ALT_A 440000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 920000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 805000 69.565 69.565 0 NO RATIO 360 356 4 ALT_A 650000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 500000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 399900 80 99.992 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 565000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 780000 61.41 61.41 0 NO INCOME / NO ASSET 360 356 4 ALT_A 430000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 525000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 440000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 412000 79.976 99.976 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 655000 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 615000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 359000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 715000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 919900 79.998 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 354900 79.797 99.746 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 473000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 500000 90 90 PMI 30 NO RATIO 360 360 0 ALT_A 450000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 590000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 437000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 467000 80 100 0 NO RATIO 360 360 0 ALT_A 900000 70 90 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 1100000 75 75 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 820000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 580000 62.069 62.069 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 430000 69.302 69.302 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 277900 79.993 99.982 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 480000 65 65 0 NO INCOME / NO ASSET 360 359 1 ALT_A 357000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 385000 54.805 54.805 0 STATED INCOME / STATED ASSET 360 355 5 ALT_A 400000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 570000 68.421 68.421 0 NO INCOME / NO ASSET 360 356 4 ALT_A 700000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 360000 80 80 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 770000 75 75 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 475000 40.421 40.421 0 NO INCOME / NO ASSET 360 356 4 ALT_A 330000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 182000 80 100 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 375000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 700000 80 80 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 535000 74.019 74.019 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 805000 74.534 74.534 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 558000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 495000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 462000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 395900 79.995 94.986 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 560000 78.571 87.5 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 450000 80 98.111 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 780000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 385000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 405000 81.481 81.481 PMI 12 STATED INCOME / STATED ASSET 360 357 3 ALT_A 460000 75 75 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 385000 80 80 0 NO RATIO 360 356 4 ALT_A 430000 75 85 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 485000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 285000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 950000 78.947 78.947 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 660000 65 65 0 NO INCOME / NO ASSET 360 358 2 ALT_A 600000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 603000 36.816 36.816 0 NO INCOME / NO ASSET 360 360 0 ALT_A 620000 70 70 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 499999 79.98 99.96 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 590000 71.186 71.186 0 NO INCOME / NO ASSET 360 357 3 ALT_A 875000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 830000 60 60 0 NO RATIO 360 357 3 ALT_A 534950 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 670000 57.91 57.91 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 640000 65 65 0 NO INCOME / NO ASSET 360 360 0 ALT_A 480000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 309000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 900000 60 87.778 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 210000 80 80 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 460000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 318500 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 590000 59.322 59.322 0 NO INCOME / NO ASSET 360 356 4 ALT_A 735000 80 95 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 379275 79.995 99.993 0 NO RATIO 360 356 4 ALT_A 1200000 51.667 51.667 0 NO INCOME / NO ASSET 360 359 1 ALT_A 435000 75 75 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 375900 79.995 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 839000 76.281 76.281 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 570000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 580000 80 80 0 NO INCOME / NO ASSET 360 357 3 ALT_A 499500 80 100 0 NO RATIO 360 355 5 ALT_A 365000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 560000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 350000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 525000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 395000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 508000 78.74 78.74 0 NO RATIO 360 355 5 ALT_A 484000 70 70 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 560000 80 90.592 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 479000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 610000 55.738 55.738 0 NO INCOME / NO ASSET 360 356 4 ALT_A 415000 80 86.024 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 520000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 470000 60.213 60.213 0 NO INCOME / NO ASSET 360 359 1 ALT_A 525000 72.571 72.571 0 NO INCOME / NO ASSET 360 356 4 ALT_A 591000 80 100 0 NO RATIO 360 357 3 ALT_A 497000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 690000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 415000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 775000 61.832 61.832 0 NO INCOME / NO ASSET 360 358 2 ALT_A 685000 80 100 0 NO RATIO 360 355 5 ALT_A 415000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 335000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 335000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 395000 80 95 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 811000 64.982 64.982 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 680000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 565000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 525000 66.667 66.667 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 301500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 1799900 79.999 89.994 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 865000 64.971 64.971 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 435000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 790000 78.987 98.734 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 1100000 61.818 61.818 0 NO INCOME / NO ASSET 360 357 3 ALT_A 425000 80 90 0 STATED INCOME / STATED ASSET 360 355 5 ALT_A 490000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 489000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 469000 80 80 0 NO RATIO 360 358 2 ALT_A 470000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 550000 60.545 60.545 0 NO INCOME / NO ASSET 360 359 1 ALT_A 690000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 415000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 430000 13.256 13.256 0 NO INCOME / NO ASSET 360 358 2 ALT_A 212000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 678000 80 80 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 645000 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 495000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 445000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 650000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 400000 70 70 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 460000 80 88.261 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 480000 71.042 71.042 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 490000 80 100 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 550000 80 80 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 300000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 580000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 395000 48.101 48.101 0 NO INCOME / NO ASSET 360 357 3 ALT_A 520000 48.077 48.077 0 NO INCOME / NO ASSET 360 357 3 ALT_A 420000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 590000 62.712 62.712 0 NO INCOME / NO ASSET 360 359 1 ALT_A 640000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 940000 68.511 68.511 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 505000 80 100 0 FULL DOCUMENTATION PROVIDED 360 355 5 ALT_A 500000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 597000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 545000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 640000 71.406 71.406 0 NO RATIO 360 358 2 ALT_A 530000 49.528 49.528 0 NO INCOME / NO ASSET 360 359 1 ALT_A 485000 80 100 0 NO RATIO 360 359 1 ALT_A 500000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 410000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 469000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 490000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 470000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 529000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 500000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 535000 74.439 74.439 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 490000 50.204 50.204 0 NO INCOME / NO ASSET 360 357 3 ALT_A 450000 58.889 58.889 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 469500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 390000 65 90 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 552000 79.71 79.71 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 550000 63.818 63.818 0 NO INCOME / NO ASSET 360 357 3 ALT_A 550000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 579000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 505000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 427000 65 65 0 NO INCOME / NO ASSET 360 357 3 ALT_A 656000 80 95.152 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 615000 60.976 60.976 0 NO INCOME / NO ASSET 360 357 3 ALT_A 595000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 390000 80 90 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 433500 30.796 30.796 0 NO INCOME / NO ASSET 360 358 2 ALT_A 489000 80 100 0 NO RATIO 360 358 2 ALT_A 485000 80 80 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 505000 80 100 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 640000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 530000 80 90 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 500000 80 100 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 500000 80 85.2 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 430000 62.791 62.791 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 430000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 599000 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 700000 45.5 45.5 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 530000 72.83 72.83 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 520000 59.038 59.038 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 290000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 470000 69.574 69.574 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 405000 75 75 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 550000 80 100 0 NO RATIO 360 356 4 ALT_A 410000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 880000 72.443 72.443 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 625000 64.8 64.8 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 1350000 74.074 93.333 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 480000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 2050000 43.902 43.902 0 NO INCOME / NO ASSET 360 360 0 ALT_A 2545000 65 65 0 NO RATIO 360 359 1 ALT_A 472000 80 100 0 NO RATIO 360 358 2 ALT_A 515000 80 100 0 NO RATIO 360 360 0 ALT_A 479000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 691000 75 100 0 NO RATIO 360 355 5 ALT_A 594000 58.754 58.754 0 NO RATIO 360 358 2 ALT_A 428000 48.364 48.364 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 470000 80 100 0 NO RATIO 360 358 2 ALT_A 500000 80 80 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 450000 80 80 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 542000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 317000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 425000 67.059 67.059 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 375000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 1265000 51.383 51.383 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 1150000 65 65 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 800000 62.5 62.5 0 NO INCOME / NO ASSET 360 356 4 ALT_A 425000 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 340000 79.118 79.118 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 325000 78.769 78.769 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 385000 66.234 66.234 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 450000 65 65 0 NO INCOME / NO ASSET 360 358 2 ALT_A 415000 75 83 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 480000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 525000 56.571 56.571 0 NO INCOME / NO ASSET 360 360 0 ALT_A 875000 77.714 77.714 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 331000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 500000 44 44 0 NO RATIO 360 357 3 ALT_A 540000 79.63 79.63 0 NO INCOME / NO ASSET 360 359 1 ALT_A 485000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 615000 80 80 0 NO INCOME / NO ASSET 360 357 3 ALT_A 400000 62.5 62.5 0 NO RATIO 360 358 2 ALT_A 725000 80 100 0 NO RATIO 360 357 3 ALT_A 501000 80 100 0 NO RATIO 360 358 2 ALT_A 415000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 296000 80 100 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 895000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 500000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 749000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 775000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 589000 80 100 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 390000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 704000 62.5 62.5 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 485000 63.505 63.505 0 NO INCOME / NO ASSET 360 358 2 ALT_A 550000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 485000 49.897 49.897 0 NO INCOME / NO ASSET 360 359 1 ALT_A 360000 80 95 0 NO RATIO 360 358 2 ALT_A 815000 74.969 74.969 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 530000 58.491 58.491 0 NO RATIO 360 358 2 ALT_A 400000 48 48 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 715000 69.93 79.58 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 495000 80 100 0 NO RATIO 360 359 1 ALT_A 480000 63.542 63.542 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 408000 80 100 0 NO RATIO 360 358 2 ALT_A 650000 70 90 0 NO RATIO 360 359 1 ALT_A 385000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 390000 80 80 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 420000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 265000 69.811 83.019 0 STATED INCOME / VERIFIED ASSETS 360 354 6 ALT_A 610587 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 641000 79.844 92.317 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 328000 79.985 99.97 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 346640 79.997 79.997 0 STATED INCOME / STATED ASSET 360 355 5 ALT_A 385000 80 80 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 329497 80 100 0 NO RATIO 360 358 2 ALT_A 445000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 300000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 408000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 385000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 280000 80 90 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 439900 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 406000 80 90 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 158900 59.975 59.975 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 196470 79.987 94.976 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 219703 79.653 99.566 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 182000 80 95 0 NO RATIO 360 356 4 ALT_A 340000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 354 6 ALT_A 220000 78.636 90 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 272000 80 100 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 610000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 290000 80 90 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 281000 78.292 96.975 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 339000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 275000 80 100 0 NO RATIO 360 358 2 ALT_A 253000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 290000 80 95 0 NO RATIO 360 355 5 ALT_A 130000 65 65 0 NO INCOME / NO ASSET 360 358 2 ALT_A 250000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 470000 79.787 79.787 0 NO INCOME / NO ASSET 360 358 2 ALT_A 260876 99.99 99.99 PMI 35 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 217000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 360000 63.333 63.333 0 NO INCOME / NO ASSET 360 356 4 ALT_A 235000 72.34 72.34 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 256000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 232550 44.292 44.292 0 NO INCOME / NO ASSET 360 358 2 ALT_A 240000 69.167 69.167 0 NO INCOME / NO ASSET 360 358 2 ALT_A 185000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 233245 79.988 94.986 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 240000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 165000 100 100 PMI 35 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 234000 80 80 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 389833 79.996 89.987 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 247250 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 294000 60.799 60.799 0 NO INCOME / NO ASSET 360 357 3 ALT_A 226000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 655000 61.069 61.069 0 NO INCOME / NO ASSET 360 357 3 ALT_A 240000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 344000 49.419 49.419 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 391000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 285000 70 90 0 NO RATIO 360 359 1 ALT_A 367000 61.308 61.308 0 NO INCOME / NO ASSET 360 356 4 ALT_A 237000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 215500 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 201000 44.776 44.776 0 NO INCOME / NO ASSET 360 359 1 ALT_A 200000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 195000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 810000 80 93.642 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 150000 90 90 PMI 30 STATED INCOME / STATED ASSET 360 358 2 ALT_A 175000 90 90 PMI 30 STATED INCOME / STATED ASSET 360 358 2 ALT_A 95000 90.368 90.368 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 189185 79.975 79.975 0 NO RATIO 360 358 2 ALT_A 265000 56.604 56.604 0 NO INCOME / NO ASSET 360 358 2 ALT_A 436000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 324995 79.986 99.986 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 145000 77.586 94.828 0 FULL DOCUMENTATION PROVIDED 360 360 0 ALT_A 158000 80 99.873 0 NO RATIO 360 357 3 ALT_A 379000 89.05 89.05 PMI 30 STATED INCOME / STATED ASSET 360 357 3 ALT_A 250000 73.2 73.2 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 215000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 439900 79.995 95 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 204000 88.725 88.725 UNITEDGUARANTY 30 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 216000 90 90 PMI 30 STATED INCOME / STATED ASSET 360 359 1 ALT_A 455000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 327500 76.947 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 322000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 408000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 208000 74.639 89.567 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 250000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 348326 79.997 99.993 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 340000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 215000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 142000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 442000 80 100 0 NO RATIO 360 359 1 ALT_A 310000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 104300 70.757 94.727 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 428500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 115000 69.565 69.565 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 116000 68.966 68.966 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 101000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 189000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 354 6 ALT_A 192600 80 95 0 STATED INCOME / VERIFIED ASSETS 360 354 6 ALT_A 160000 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 55000 95 95 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 257500 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 175000 95 95 UNITEDGUARANTY 35 STATED INCOME / STATED ASSET 360 357 3 ALT_A 184000 86.957 86.957 PMI 25 FULL DOCUMENTATION PROVIDED 360 355 5 ALT_A 185000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 143000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 240400 80 100 0 NO RATIO 360 359 1 ALT_A 210000 80 100 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 56000 95 95 UNITEDGUARANTY 35 NO INCOME / NO ASSET 360 359 1 ALT_A 122000 74.508 95 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 165000 95 95 PMI 35 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 108000 76.852 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 119650 79.106 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 52500 89.524 89.524 UNITEDGUARANTY 30 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 90000 72.222 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 84800 95 95 UNITEDGUARANTY 35 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 107000 78.785 78.785 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 320000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 75000 61.667 95 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 190000 90 90 UNITEDGUARANTY 35 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 160000 74.375 90 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 220000 94.091 94.091 UNITEDGUARANTY 35 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 111000 70 95 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 259900 95 95 PMI 35 NO INCOME / NO ASSET 360 360 0 ALT_A 270000 73.481 90.889 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 192000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 188000 90 90 PMI 30 NO INCOME / NO ASSET 360 359 1 ALT_A 269900 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 187900 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 274000 70 70 0 NO INCOME / NO ASSET 360 358 2 ALT_A 128000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 122700 79.625 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 210000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 520000 46.154 46.154 0 NO INCOME / NO ASSET 360 358 2 ALT_A 285000 95 95 PMI 35 NO RATIO 360 359 1 ALT_A 381885 79.998 99.991 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 185000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 409895 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 470000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 200000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 378650 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 232400 95 95 UNITEDGUARANTY 35 STATED INCOME / STATED ASSET 360 357 3 ALT_A 337142 90 90 UNITEDGUARANTY 30 NO INCOME / NO ASSET 360 357 3 ALT_A 450000 80 100 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 164900 100 100 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 137405 94.999 94.999 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 188900 100 100 PMI 35 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 259725 100 100 PMI 35 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 344697 79.998 94.996 0 NO RATIO 360 358 2 ALT_A 229000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 546864 79.992 79.992 0 NO INCOME / NO ASSET 360 358 2 ALT_A 394000 64.467 64.467 0 NO INCOME / NO ASSET 360 357 3 ALT_A 320000 65.625 65.625 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 230000 75 75 0 NO INCOME / NO ASSET 360 358 2 ALT_A 145000 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 105300 71.258 95 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 294571 79.998 94.986 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 310000 48.71 48.71 0 NO INCOME / NO ASSET 360 358 2 ALT_A 261000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 355000 80 80 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 135000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 135000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 230000 69.565 69.565 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 195000 90 90 UNITEDGUARANTY 30 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 253194 79.998 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 279277 79.992 79.992 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 391335 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 75000 95 95 PMI 35 NO INCOME / NO ASSET 360 358 2 ALT_A 415000 65 65 0 NO INCOME / NO ASSET 360 359 1 ALT_A 260000 76.923 76.923 0 NO INCOME / NO ASSET 360 358 2 ALT_A 292500 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 335000 65.672 65.672 0 NO INCOME / NO ASSET 360 358 2 ALT_A 261877 90 90 PMI 30 NO INCOME / NO ASSET 360 358 2 ALT_A 295000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 172900 95 95 UNITEDGUARANTY 35 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 275000 80 100 0 FULL DOCUMENTATION PROVIDED 360 360 0 ALT_A 185000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 185400 54.881 54.881 0 NO INCOME / NO ASSET 360 359 1 ALT_A 250000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 610000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 422000 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 268000 74.627 83.955 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 695000 35.971 35.971 0 NO INCOME / NO ASSET 360 357 3 ALT_A 174900 95 95 PMI 35 NO INCOME / NO ASSET 360 359 1 ALT_A 137000 90 90 PMI 30 NO INCOME / NO ASSET 360 358 2 ALT_A 452000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 312000 90 90 UNITEDGUARANTY 30 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 386239 94.928 94.928 PMI 35 NO INCOME / NO ASSET 360 358 2 ALT_A 340000 80 80 0 NO RATIO 360 357 3 ALT_A 345000 90 90 PMI 30 NO INCOME / NO ASSET 360 357 3 ALT_A 328000 70 90 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 220000 85 85 PMI 12 STATED INCOME / STATED ASSET 360 358 2 ALT_A 193000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 265000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 190000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 270300 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 269900 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 181000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 381000 80 90 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 599900 80 95 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 185000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 140000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 440000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 168000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 339000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 148423 80 100 0 NO RATIO 360 358 2 ALT_A 152000 80 95 0 NO RATIO 360 356 4 ALT_A 241000 76.763 76.763 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 172400 79.988 99.971 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 275000 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 100000 95 95 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 177900 79.989 99.972 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 218000 95 95 PMI 35 NO INCOME / NO ASSET 360 357 3 ALT_A 266938.25 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 290000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 283287 79.99 99.989 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 185237 79.979 99.953 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 314000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 266305 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 305767 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 371816 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 135920 94.982 94.982 UNITEDGUARANTY 35 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 199030 79.988 99.985 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 563512 79.998 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 143190 69.977 94.944 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 156505 79.997 99.997 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 353900 79.994 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 384900 79.995 94.986 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 1300000 60 60 0 NO INCOME / NO ASSET 360 359 1 ALT_A 122000 95 95 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 154500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 121000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 215400 79.991 100 0 NO RATIO 360 357 3 ALT_A 124772 80 99.999 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 152100 80 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 130508 75.742 94.975 0 NO RATIO 360 358 2 ALT_A 218620 80 100 0 NO RATIO 360 357 3 ALT_A 374925 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 185556 79.997 94.997 0 NO RATIO 360 356 4 ALT_A 142000 80 100 0 FULL DOCUMENTATION PROVIDED 360 360 0 ALT_A 245000 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 119484 79.077 100 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 235700 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 134000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 303377 79.999 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 320000 80 87.813 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 293900 38.857 38.857 0 NO INCOME / NO ASSET 360 359 1 ALT_A 299500 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 340000 80 100 0 NO RATIO 360 359 1 ALT_A 187490 74.991 94.965 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 124900 79.984 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 115000 78.261 100 0 NO RATIO 360 358 2 ALT_A 227522 79.992 99.992 0 NO RATIO 360 357 3 ALT_A 175300 79.977 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 192410 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 165130 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 473868 79.98 89.972 0 NO RATIO 360 355 5 ALT_A 154900 79.987 99.968 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 288400 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 225000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 88000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 353000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 360195 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 237000 100 100 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 239500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 188150 79.989 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 121500 79.424 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 260537 80 92.55 0 NO RATIO 360 357 3 ALT_A 157000 95 95 PMI 35 NO INCOME / NO ASSET 360 357 3 ALT_A 312000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 150800 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 295000 80 95 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 293000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 370000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 560000 74.286 74.286 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 145000 76 95 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 243145 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 177600 79.983 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 74900 89.987 89.987 PMI 30 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 189000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 765000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 175435 79.973 99.98 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 333915 79.96 89.843 0 NO RATIO 360 358 2 ALT_A 569900 73.171 100 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 520000 54.808 54.808 0 NO INCOME / NO ASSET 360 359 1 ALT_A 160000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 559750 80 99.991 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 266000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 535000 80 98.692 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 225000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 649000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 395000 95 95 UNITEDGUARANTY 35 NO INCOME / NO ASSET 360 359 1 ALT_A 610000 72.131 72.131 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 375000 80 90 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 420000 80 100 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 107000 85 85 UNITEDGUARANTY 12 STATED INCOME / STATED ASSET 360 358 2 ALT_A 277900 100 100 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 668345 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 163000 90 90 PMI 30 STATED INCOME / STATED ASSET 360 359 1 ALT_A 56000 90 90 RMIC 30 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 58500 89.846 89.846 RADIAN 30 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 579000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 336000 79.762 79.762 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 350000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 55000 72.727 72.727 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 190000 90 90 PMI 30 STATED INCOME / VERIFIED ASSETS 360 356 4 ALT_A 150000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 222000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 370500 80 100 0 NO RATIO 360 357 3 ALT_A 725000 80 95 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 1375000 45.455 45.455 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 530000 80 100 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 433500 80 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 339200 80 100 0 NO RATIO 360 356 4 ALT_A 450000 80 85.556 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 432000 80 100 0 NO RATIO 360 357 3 ALT_A 354800 79.876 94.983 0 FULL DOCUMENTATION PROVIDED 360 360 0 ALT_A 335000 75 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 345000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 504000 80 95 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 578300 79.993 99.965 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 420000 39.286 39.286 0 NO INCOME / NO ASSET 360 357 3 ALT_A 780000 57.179 57.179 0 STATED INCOME / STATED ASSET 360 357 3 ALT_A 585000 64.957 64.957 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 380000 78.947 78.947 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 340000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 345000 95 95 PMI 35 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 413000 80 100 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 175000 80 80 0 NO INCOME / NO ASSET 360 357 3 ALT_A 149500 78.261 94.983 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 557000 89.767 89.767 UNITEDGUARANTY 30 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 214000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 725000 80 94.897 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 715000 47.133 47.133 0 NO INCOME / NO ASSET 360 357 3 ALT_A 490000 80 100 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 435000 80 100 0 NO RATIO 360 359 1 ALT_A 429000 80 100 0 NO RATIO 360 359 1 ALT_A 429000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 346000 75 75 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 435000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 545900 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 275000 80 95 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 260000 75 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 289000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 167000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 623000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 280000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 305000 70 90.984 0 STATED INCOME / VERIFIED ASSETS 360 355 5 ALT_A 580000 79 79 0 NO INCOME / NO ASSET 360 358 2 ALT_A 235000 80 95 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 425000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 400000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 2000000 40 40 0 NO INCOME / NO ASSET 360 359 1 ALT_A 310000 95 95 UNITEDGUARANTY 35 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 1800000 55.55 55.55 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 570000 70 70 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 270000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 283505 79.999 99.998 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 295000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 222000 80 100 0 NO RATIO 360 360 0 ALT_A 245000 80 95 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 1255000 60 79.92 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 3000000 65 65 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 265000 80 100 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 205000 100 100 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 195000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 185000 80 100 0 STATED INCOME / STATED ASSET 360 359 1 ALT_A 340000 50.588 50.588 0 NO INCOME / NO ASSET 360 357 3 ALT_A 460000 80 100 0 FULL DOCUMENTATION PROVIDED 360 360 0 ALT_A 280000 80 100 0 FULL DOCUMENTATION PROVIDED 360 356 4 ALT_A 550000 70 70 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 390000 95 95 UNITEDGUARANTY 35 NO RATIO 360 359 1 ALT_A 970000 67.01 90 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 515000 77.67 77.67 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 285000 80 100 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 397600 100 100 PMI 35 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 288000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 220000 95 95 PMI 35 NO INCOME / NO ASSET 360 359 1 ALT_A 360000 90 90 PMI 30 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 590000 89.831 89.831 PMI 30 NO INCOME / NO ASSET 360 358 2 ALT_A 500000 90 90 PMI 30 STATED INCOME / STATED ASSET 360 357 3 ALT_A 700000 70 70 0 STATED INCOME / STATED ASSET 360 358 2 ALT_A 825000 60.606 60.606 0 NO INCOME / NO ASSET 360 358 2 ALT_A 920000 70 70 0 NO RATIO 360 360 0 ALT_A 355000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 155400 95 95 PMI 35 NO INCOME / NO ASSET 360 357 3 ALT_A 170000 95 95 UNITEDGUARANTY 35 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 208370 94.831 94.831 UNITEDGUARANTY 35 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 337000 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 335000 80 100 0 NO RATIO 360 360 0 ALT_A 172000 91.279 91.279 UNITEDGUARANTY 30 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 219000 100 100 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 423602.03 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 278000 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 173830 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 151200 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 329703 79.996 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 361900 79.994 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 250000 80 95 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 374900 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 119850 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 131555 79.967 94.941 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 300130 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 169780 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 155500 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 265000 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 354300 79.989 99.986 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 217132 80 99.988 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 168000 95 95 UNITEDGUARANTY 30 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 170957 79.991 95 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 134500 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 342000 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 428480 79.992 99.981 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 495000 100 100 UNITEDGUARANTY 35 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 168494 79.973 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 301473 74.998 89.991 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 248909 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 820000 70.732 70.732 0 STATED INCOME / VERIFIED ASSETS 360 357 3 ALT_A 384900 79.995 94.986 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 240000 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 207150 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 166400 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 178555 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 194680 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 180000 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 250000 80 100 0 FULL DOCUMENTATION PROVIDED 360 360 0 ALT_A 153900 78.622 94.932 0 FULL DOCUMENTATION PROVIDED 360 360 0 ALT_A 230050 79.983 99.978 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 292000 80 95 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 580000 80 100 0 FULL DOCUMENTATION PROVIDED 360 359 1 ALT_A 273000 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 900000 74.444 90.109 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 128800 80 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 372500 80 100 0 FULL DOCUMENTATION PROVIDED 360 357 3 ALT_A 2000000 30.5 30.5 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 844600 74.947 89.835 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 1366000 36.603 36.603 0 NO INCOME / NO ASSET 360 360 0 ALT_A 495000 46.061 46.061 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 456000 57.675 57.675 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 275000 75 90 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 217005 79.975 99.975 0 NO RATIO 360 357 3 ALT_A 504990 79.992 99.794 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 269265 79.996 100 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 129252 79.999 100 0 FULL DOCUMENTATION PROVIDED 360 358 2 ALT_A 100000 80 80 0 FULL DOCUMENTATION PROVIDED 360 360 0 ALT_A 555000 80 95 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 312631 80 100 0 NO RATIO 360 358 2 ALT_A 585000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 275000 80 80 0 STATED INCOME / VERIFIED ASSETS 360 359 1 ALT_A 381000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 485000 80 100 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 385000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 650000 80 100 0 NO RATIO 360 360 0 ALT_A 457000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 540000 80 100 0 STATED INCOME / VERIFIED ASSETS 360 360 0 ALT_A 670000 80 99.769 0 NO RATIO 360 359 1 ALT_A 624500 80 99.837 0 NO RATIO 360 359 1 ALT_A 289900 80 80 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 239900 80 80 0 NO RATIO 360 358 2 ALT_A 520000 80 80 0 NO INCOME / NO ASSET 360 358 2 ALT_A 560000 80 100 0 FULL DOCUMENTATION PROVIDED 360 360 0 ALT_A 277075 80 80 0 STATED INCOME / VERIFIED ASSETS 360 358 2 ALT_A 118000 90 90 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 118000 90 90 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 170000 90 90 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 350000 90 90 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 349900 95 95 0 STATED INCOME / STATED ASSET 360 360 0 ALT_A 162000 95 95 0 STATED INCOME / STATED ASSET 360 356 4 ALT_A 415000 80 100 0 STATED INCOME / STATED ASSET 360 360 0 PRODUCT IOFLAG IOTERM BALLOON INDEXCD FRADATE NRADATE FPADATE CPADATE MARGIN RFREQ PFREQ MONTHROLL INITCAP ------- ------ ------ ------- ------- ------- ------- ------- ------- ------ ----- ----- --------- ------- ALT_A Y 000 X XXXXX0X 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5.75 6 6 21 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6.75 6 6 22 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6 6 6 21 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 5.625 6 6 22 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 5.25 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6.5 6 6 22 3 ALT_A Y 120 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 6.5 6 6 23 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 5.25 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6.25 6 6 22 3 ALT_A N 0 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 5.5 6 6 23 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6.625 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6.82 6 6 22 2 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6 6 6 22 3 ALT_A N 0 N LIBOR6M 12/1/2007 12/1/2007 1/1/2008 1/1/2008 5.4 6 6 18 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6.25 6 6 21 3 ALT_A N 0 N LIBOR6M 1/1/2008 1/1/2008 2/1/2008 2/1/2008 5.875 6 6 19 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6.5 6 6 21 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5.75 6 6 21 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5.25 6 6 21 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6.25 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 7 6 6 34 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 5.25 6 6 22 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6.25 6 6 21 3 ALT_A N 0 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 6 6 6 23 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6.25 6 6 21 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 7 6 6 22 3 ALT_A Y 120 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 6.75 6 6 20 3 ALT_A Y 120 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 6.375 6 6 23 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6.125 6 6 21 3 ALT_A Y 120 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 5.875 6 6 23 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5 6 6 21 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6.25 6 6 21 3 ALT_A Y 120 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 5.75 6 6 20 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 5.5 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6.25 6 6 22 3 ALT_A N 0 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 6 6 6 20 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 5.75 6 6 22 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5.75 6 6 21 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6.5 6 6 21 3 ALT_A Y 120 N LIBOR6M 2/1/2009 2/1/2009 3/1/2009 3/1/2009 2.25 6 6 32 3 ALT_A N 0 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 6.25 6 6 20 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 4.25 6 6 21 3 ALT_A N 0 N LIBOR6M 1/1/2008 1/1/2008 2/1/2008 2/1/2008 4.25 6 6 19 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 5.875 6 6 22 3 ALT_A N 0 N LIBOR6M 1/1/2008 1/1/2008 2/1/2008 2/1/2008 4.25 6 6 19 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 5.75 6 6 22 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5.5 6 6 21 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5.75 6 6 21 3 ALT_A N 0 N LIBOR6M 9/1/2007 9/1/2007 10/1/2007 10/1/2007 6.85 6 6 15 3 ALT_A N 0 N LIBOR6M 12/1/2007 12/1/2007 1/1/2008 1/1/2008 7.895 6 6 18 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6.5 6 6 21 3 ALT_A N 0 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 7.25 6 6 23 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 7.25 6 6 22 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 7.25 6 6 21 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5.5 6 6 21 3 ALT_A Y 120 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 6.5 6 6 20 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 7 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6.5 6 6 22 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6.25 6 6 22 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5.75 6 6 21 3 ALT_A Y 60 N LIBOR6M 1/1/2008 1/1/2008 2/1/2008 2/1/2008 5.5 6 6 19 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5.75 6 6 21 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6.5 6 6 22 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6 6 6 22 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 5.625 6 6 22 3 ALT_A Y 120 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 6.875 6 6 20 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 7 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 5.75 6 6 22 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 7 6 6 21 3 ALT_A Y 120 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 5.5 6 6 23 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6.75 6 6 22 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6 6 6 21 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 7.625 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6.5 6 6 22 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 5.75 6 6 22 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6 6 6 21 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5.5 6 6 21 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 7.75 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 6 6 6 22 3 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 5.75 6 6 22 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5.5 6 6 21 3 ALT_A Y 120 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 6.25 6 6 20 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5.375 6 6 21 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 5.5 6 6 21 3 ALT_A Y 120 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 3 6 6 20 3 ALT_A Y 120 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 5.25 6 6 23 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 7.75 6 6 22 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 6.25 6 6 21 3 ALT_A Y 120 N LIBOR6M 6/1/2008 6/1/2008 7/1/2008 7/1/2008 5.5 6 6 24 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 5.75 6 6 22 3 ALT_A Y 120 N LIBOR6M 6/1/2008 6/1/2008 7/1/2008 7/1/2008 6.75 6 6 24 3 ALT_A Y 120 N LIBOR6M 6/1/2008 6/1/2008 7/1/2008 7/1/2008 6 6 6 24 3 ALT_A N 0 N LIBOR6M 6/1/2008 6/1/2008 7/1/2008 7/1/2008 7.375 6 6 24 3 ALT_A N 0 N LIBOR6M 6/1/2008 6/1/2008 7/1/2008 7/1/2008 6.75 6 6 24 3 ALT_A Y 120 N LIBOR6M 6/1/2009 6/1/2009 7/1/2009 7/1/2009 6.25 6 6 36 3 ALT_A N 0 N LIBOR6M 6/1/2008 6/1/2008 7/1/2008 7/1/2008 6.75 6 6 24 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.5 6 6 55 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 60 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.25 6 6 20 3 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 3.75 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 3.75 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 60 N LIBOR6M 2/1/2009 2/1/2009 3/1/2009 3/1/2009 2.25 6 6 32 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR1Y 1/1/2009 1/1/2009 2/1/2009 2/1/2009 3.25 12 12 31 2 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 3.75 6 6 22 3 ALT_A Y 60 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.25 6 6 20 3 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.375 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.75 6 6 55 5 ALT_A Y 60 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.75 6 6 20 3 ALT_A Y 60 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.75 6 6 20 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR1Y 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 12 12 55 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 3.75 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR1Y 1/1/2009 1/1/2009 2/1/2009 2/1/2009 3.25 12 12 31 5 ALT_A Y 60 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.25 6 6 20 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 60 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.75 6 6 20 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 60 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.25 6 6 20 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.75 6 6 56 6 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 60 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.25 6 6 20 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2009 2/1/2009 3/1/2009 3/1/2009 2.25 6 6 32 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.5 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 3.75 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.625 6 6 56 5 ALT_A Y 120 N LIBOR6M 12/1/2010 12/1/2010 1/1/2011 1/1/2011 3.75 6 6 54 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 3.75 6 6 21 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR1Y 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 12 12 55 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 11/1/2007 11/1/2007 12/1/2007 12/1/2007 3.75 6 6 17 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 3.75 6 6 20 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 6 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 6 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.625 6 6 56 5 ALT_A Y 60 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.25 6 6 20 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 60 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.75 6 6 20 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.75 6 6 56 6 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 3.75 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 3.75 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 3.75 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 12 12 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 2.875 6 6 23 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 12 12 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.875 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 12 12 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.375 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 12 12 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 10/1/2006 10/1/2006 11/1/2006 11/1/2006 4 6 6 4 1 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 6/1/2009 6/1/2009 7/1/2009 7/1/2009 2.25 6 6 36 3 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 6 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 12/1/2007 12/1/2007 1/1/2008 1/1/2008 2.875 6 6 18 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.375 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 9/1/2006 9/1/2006 10/1/2006 10/1/2006 4 6 6 3 1 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 2/1/2009 2/1/2009 3/1/2009 3/1/2009 2.375 6 6 32 3 ALT_A Y 60 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.75 6 6 20 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.375 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 60 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 4 12 12 56 5 ALT_A Y 000 X XXXXX0X 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.875 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.75 6 6 56 6 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.625 6 6 56 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.75 6 6 56 6 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 2.875 6 6 23 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.375 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 60 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 3.5 6 6 55 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.375 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.625 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.875 6 6 33 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.625 6 6 56 5 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 60 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 4 12 12 56 5 ALT_A Y 000 X XXXXX0X 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 3.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 12 12 56 5 ALT_A Y 000 X XXXXX0X 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR1Y 2/1/2013 2/1/2013 3/1/2013 3/1/2013 4 12 12 80 4 ALT_A Y 000 X XXXXX0X 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.875 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.75 6 6 20 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 12/1/2010 12/1/2010 1/1/2011 1/1/2011 2.875 6 6 54 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 60 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.75 6 6 20 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.5 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2009 2/1/2009 3/1/2009 3/1/2009 2.25 6 6 32 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.375 6 6 33 3 ALT_A N 0 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.5 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 6.75 6 6 20 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.625 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR1Y 2/1/2016 2/1/2016 3/1/2016 3/1/2016 2.25 12 12 116 6 ALT_A Y 000 X XXXXX0X 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.875 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A N 0 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.875 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.5 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.5 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.625 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.5 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.5 6 6 58 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.375 6 6 21 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.375 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 3.25 6 6 22 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.375 6 6 21 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.75 6 6 56 6 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A N 0 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.625 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.625 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.375 6 6 34 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.125 6 6 56 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 3.5 6 6 55 3 ALT_A Y 120 N LIBOR6M 2/1/2009 2/1/2009 3/1/2009 3/1/2009 2.25 6 6 32 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.375 6 6 22 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 5 ALT_A N 0 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.5 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.875 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 60 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 4 12 12 56 5 ALT_A Y 60 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 4 12 12 56 5 ALT_A Y 60 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 4 12 12 56 5 ALT_A Y 60 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 12 12 56 5 ALT_A Y 60 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 4 12 12 56 2 ALT_A Y 24 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 4 6 6 20 3 ALT_A Y 60 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 4 12 12 56 5 ALT_A Y 24 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 4 6 6 20 3 ALT_A Y 24 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 4 6 6 20 3 ALT_A Y 60 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 4 12 12 56 5 ALT_A Y 60 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 4 12 12 56 5 ALT_A N 0 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 4 12 12 56 5 ALT_A Y 60 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 4 12 12 56 5 ALT_A N 0 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.75 6 6 35 3 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.125 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.375 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 6 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 36 N LIBOR6M 1/1/2009 1/1/2009 2/1/2009 2/1/2009 3.5 6 6 31 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 12/1/2008 12/1/2008 1/1/2009 1/1/2009 2.25 6 6 30 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.375 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 2.875 6 6 23 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.875 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 36 N LIBOR6M 1/1/2009 1/1/2009 2/1/2009 2/1/2009 3.5 6 6 31 3 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.5 6 6 55 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.875 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.5 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.5 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.875 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 12 12 56 5 ALT_A Y 000 X XXXXX0X 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.375 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.75 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.75 6 6 56 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.875 6 6 59 5 ALT_A Y 60 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.5 6 6 56 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 36 N LIBOR6M 1/1/2009 1/1/2009 2/1/2009 2/1/2009 4.25 6 6 31 3 ALT_A Y 120 N LIBOR6M 1/1/2009 1/1/2009 2/1/2009 2/1/2009 2.25 6 6 31 6 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 1/1/2008 1/1/2008 2/1/2008 2/1/2008 2.75 6 6 19 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 3.75 6 6 21 3 ALT_A Y 36 N LIBOR6M 1/1/2009 1/1/2009 2/1/2009 2/1/2009 3.5 6 6 31 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.125 6 6 56 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A N 0 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 36 N LIBOR6M 1/1/2009 1/1/2009 2/1/2009 2/1/2009 3.5 6 6 31 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 60 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 4 12 12 56 5 ALT_A Y 000 X XXXXX0X 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 2.875 6 6 23 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.375 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 36 N LIBOR6M 1/1/2009 1/1/2009 2/1/2009 2/1/2009 3.5 6 6 31 3 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.625 6 6 56 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 3.25 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 2.875 6 6 23 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 60 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.5 6 6 56 3 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 1/1/2008 1/1/2008 2/1/2008 2/1/2008 5.95 6 6 19 3 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.875 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.5 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.75 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 4 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.375 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A N 0 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.375 6 6 58 5 ALT_A N 0 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 12 12 56 5 ALT_A Y 000 X XXXXX0X 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 3.25 6 6 22 3 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.375 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.5 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3 6 6 56 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 60 N LIBOR6M 2/1/2008 2/1/2008 3/1/2008 3/1/2008 2.75 6 6 20 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.875 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.75 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A Y 36 N LIBOR6M 1/1/2009 1/1/2009 2/1/2009 2/1/2009 3.5 6 6 31 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 2/1/2009 2/1/2009 3/1/2009 3/1/2009 3.5 6 6 32 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 3.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 12/1/2010 12/1/2010 1/1/2011 1/1/2011 2.625 6 6 54 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 36 N LIBOR6M 1/1/2009 1/1/2009 2/1/2009 2/1/2009 3.5 6 6 31 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.625 6 6 56 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.375 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.375 6 6 59 5 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.875 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 12/1/2010 12/1/2010 1/1/2011 1/1/2011 3.375 6 6 54 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 2/1/2009 2/1/2009 3/1/2009 3/1/2009 3.5 6 6 32 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 36 N LIBOR6M 2/1/2009 2/1/2009 3/1/2009 3/1/2009 3.5 6 6 32 3 ALT_A N 0 N LIBOR6M 1/1/2009 1/1/2009 2/1/2009 2/1/2009 3.5 6 6 31 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.875 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 6 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 6 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 36 N LIBOR6M 1/1/2009 1/1/2009 2/1/2009 2/1/2009 4.25 6 6 31 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 60 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.5 6 6 56 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 36 N LIBOR6M 1/1/2009 1/1/2009 2/1/2009 2/1/2009 3.5 6 6 31 3 ALT_A Y 120 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 12 12 56 2 ALT_A Y 60 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 3.5 6 6 55 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 3.25 12 12 56 5 ALT_A Y 000 X XXXXX0X 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.375 6 6 22 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.875 6 6 58 5 ALT_A N 0 N LIBOR6M 1/1/2013 1/1/2013 2/1/2013 2/1/2013 2.25 6 6 79 5 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 84 N LIBOR6M 12/1/2012 12/1/2012 1/1/2013 1/1/2013 4.25 6 6 78 3 ALT_A Y 84 N LIBOR6M 12/1/2012 12/1/2012 1/1/2013 1/1/2013 4.25 6 6 78 3 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.75 6 6 55 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 2/1/2009 2/1/2009 3/1/2009 3/1/2009 2.5 6 6 32 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A N 0 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A N 0 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.875 6 6 57 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.875 6 6 21 3 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2009 3/1/2009 4/1/2009 4/1/2009 2.25 6 6 33 3 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.875 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 12 12 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 36 N LIBOR6M 2/1/2009 2/1/2009 3/1/2009 3/1/2009 3.5 6 6 32 3 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.75 6 6 21 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 60 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 3.5 6 6 55 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.875 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR1Y 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 12 12 55 5 ALT_A Y 120 N LIBOR1Y 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 12 12 56 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.875 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR1Y 2/1/2013 2/1/2013 3/1/2013 3/1/2013 2.25 12 12 80 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 5/1/2008 5/1/2008 6/1/2008 6/1/2008 2.375 6 6 23 3 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2008 3/1/2008 4/1/2008 4/1/2008 2.375 6 6 21 3 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 1/1/2011 1/1/2011 2/1/2011 2/1/2011 2.25 6 6 55 5 ALT_A Y 120 N LIBOR6M 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 6 6 34 3 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 3.125 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 10/1/2006 10/1/2006 11/1/2006 11/1/2006 2.75 6 6 4 1 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.25 6 6 58 5 ALT_A N 0 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 2/1/2011 2/1/2011 3/1/2011 3/1/2011 2.25 6 6 56 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 3.25 6 6 57 5 ALT_A N 0 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A N 0 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2016 3/1/2016 4/1/2016 4/1/2016 2.25 6 6 117 6 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2013 3/1/2013 4/1/2013 4/1/2013 2.25 6 6 81 6 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 3/1/2013 3/1/2013 4/1/2013 4/1/2013 2.25 6 6 81 6 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A N 0 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2016 5/1/2016 6/1/2016 6/1/2016 2.25 6 6 119 6 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 6 6 57 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 2.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A N 0 N LIBOR6M 6/1/2009 6/1/2009 7/1/2009 7/1/2009 2.25 6 6 36 3 ALT_A Y 120 N LIBOR6M 6/1/2009 6/1/2009 7/1/2009 7/1/2009 6.5 6 6 36 3 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 2.25 6 6 35 3 ALT_A Y 120 N LIBOR1Y 3/1/2011 3/1/2011 4/1/2011 4/1/2011 2.25 12 12 57 2 ALT_A Y 120 N LIBOR1Y 5/1/2009 5/1/2009 6/1/2009 6/1/2009 3.25 12 12 35 2 ALT_A Y 120 N LIBOR1Y 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 12 12 34 2 ALT_A Y 120 N LIBOR1Y 4/1/2011 4/1/2011 5/1/2011 5/1/2011 2.25 12 12 58 2 ALT_A N 0 N LIBOR6M 6/1/2008 6/1/2008 7/1/2008 7/1/2008 6.75 6 6 24 3 ALT_A Y 120 N LIBOR6M 6/1/2008 6/1/2008 7/1/2008 7/1/2008 2.875 6 6 24 3 ALT_A Y 120 N LIBOR6M 4/1/2008 4/1/2008 5/1/2008 5/1/2008 2.875 6 6 22 3 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 4.5 6 6 35 3 ALT_A Y 120 N LIBOR6M 5/1/2009 5/1/2009 6/1/2009 6/1/2009 4.5 6 6 35 3 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 3.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 5/1/2011 5/1/2011 6/1/2011 6/1/2011 3.25 6 6 59 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.25 6 6 58 5 ALT_A Y 120 N LIBOR6M 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.25 6 6 58 5 ALT_A Y 120 N LIBOR1Y 4/1/2011 4/1/2011 5/1/2011 5/1/2011 3.25 12 12 58 2 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 ALT_A Y 36 N LIBOR1Y 4/1/2009 4/1/2009 5/1/2009 5/1/2009 2.25 12 12 34 6 ALT_A N 0 N LIBOR6M 6/1/2008 6/1/2008 7/1/2008 7/1/2008 6.5 6 6 24 3 ALT_A N 0 N LIBOR6M 6/1/2008 6/1/2008 7/1/2008 7/1/2008 6.5 6 6 24 3 ALT_A N 0 N LIBOR6M 6/1/2008 6/1/2008 7/1/2008 7/1/2008 6.25 6 6 24 3 ALT_A Y 120 N LIBOR6M 6/1/2008 6/1/2008 7/1/2008 7/1/2008 6 6 6 24 3 ALT_A N 0 N LIBOR6M 6/1/2008 6/1/2008 7/1/2008 7/1/2008 6.25 6 6 24 3 ALT_A N 0 N LIBOR6M 2/1/2009 2/1/2009 3/1/2009 3/1/2009 6.75 6 6 32 3 ALT_A Y 120 N LIBOR6M 6/1/2011 6/1/2011 7/1/2011 7/1/2011 2.25 6 6 60 5 PRODUCT PERCAP LIFECAP LIFEFLOOR NEGAMFLAG NEGAMPCT PMTADJCAP DTI LEASEHOLD PPPTERM ------- ------ ------- --------- --------- -------- --------- --- --------- ------- ALT_A 1 13.99 7.99 N 0 0 48.253 24 ALT_A 1 13.625 7.625 N 0 0 38.626 24 ALT_A 1 16.125 10.125 N 0 0 34.716 12 ALT_A 1 15.5 9.5 N 0 0 35.166 0 ALT_A 1 13.375 7.375 N 0 0 38.648 24 ALT_A 1 13.75 7.75 N 0 0 42.839 24 ALT_A 1 14.99 8.99 N 0 0 46.875 0 ALT_A 1 14.125 8.125 N 0 0 43.424 0 ALT_A 1 13.5 7.5 N 0 0 32.317 0 ALT_A 1 15.5 9.5 N 0 0 39.224 24 ALT_A 1 14.125 8.125 N 0 0 34.095 0 ALT_A 1 14.75 8.75 N 0 0 45.343 0 ALT_A 1 14.07 8.07 N 0 0 41.063 24 ALT_A 1 13.25 7.25 N 0 0 34.817 24 ALT_A 1 12.4 6.4 N 0 0 25.374 24 ALT_A 1 14.25 8.25 N 0 0 42.17 0 ALT_A 1 12.875 6.875 N 0 0 41.271 24 ALT_A 1 14 8 N 0 0 33.658 24 ALT_A 1 13.25 7.25 N 0 0 36.157 24 ALT_A 1 13.375 7.375 N 0 0 33.156 24 ALT_A 1 13.375 7.375 N 0 0 31.318 24 ALT_A 1 13.375 7.375 N 0 0 44.847 36 ALT_A 1 14.375 8.375 N 0 0 47.103 24 ALT_A 1 13.375 7.375 N 0 0 38.503 24 ALT_A 1 13.375 7.375 N 0 0 18.21 24 ALT_A 1 14.125 8.125 N 0 0 45.98 24 ALT_A 1 14.25 8.25 N 0 0 39.629 0 ALT_A 1 13.25 7.25 N 0 0 38.619 24 ALT_A 1 14.25 8.25 N 0 0 11.049 24 ALT_A 1 13.375 7.375 N 0 0 48.407 24 ALT_A 1 13.99 7.99 N 0 0 54.414 24 ALT_A 1 12.75 6.75 N 0 0 47.107 24 ALT_A 1 14.25 8.25 N 0 0 48.716 24 ALT_A 1 14.625 8.625 N 0 0 45.25 24 ALT_A 1 13.25 7.25 N 0 0 40.963 24 ALT_A 1 15.75 9.75 N 0 0 41.653 24 ALT_A 1 13.25 7.25 N 0 0 44.521 24 ALT_A 1 12.75 6.75 N 0 0 48.699 24 ALT_A 1 13.625 7.625 N 0 0 45.842 24 ALT_A 1 13.625 7.625 N 0 0 38.73 24 ALT_A 1 11.25 6.25 N 0 0 47.541 36 ALT_A 1 14.125 8.125 N 0 0 45.611 24 ALT_A 1 12.5 6.5 N 0 0 31.634 24 ALT_A 1 12.375 6.375 N 0 0 34.961 24 ALT_A 1 14.125 8.125 N 0 0 43.736 24 ALT_A 1 11.875 5.875 N 0 0 48.702 24 ALT_A 1 13.625 7.625 N 0 0 33.878 12 ALT_A 1 13.375 7.375 N 0 0 41.978 24 ALT_A 1 13.25 7.25 N 0 0 18.201 0 ALT_A 1 13.85 7.85 N 0 0 15.517 24 ALT_A 1 14.895 8.895 N 0 0 48.116 24 ALT_A 1 14.25 8.25 N 0 0 50.367 24 ALT_A 1 15.625 9.625 N 0 0 49.64 24 ALT_A 1 16.25 10.25 N 0 0 49.227 0 ALT_A 1 15.875 7.25 N 0 0 37.08 24 ALT_A 1 13.625 7.625 N 0 0 49.749 0 ALT_A 1 13.875 7.875 N 0 0 39.358 0 ALT_A 1 15.375 9.375 N 0 0 42.781 24 ALT_A 1 14.375 8.375 N 0 0 49.039 0 ALT_A 1 15.625 9.625 N 0 0 50.761 0 ALT_A 1 13.625 7.625 N 0 0 45.354 0 ALT_A 1 12.25 6.25 N 0 0 70.048 0 ALT_A 1 13 7 N 0 0 47.794 0 ALT_A 1 13.75 7.75 N 0 0 47.719 0 ALT_A 1 15.25 9.25 N 0 0 42.437 0 ALT_A 1 13.875 7.875 N 0 0 25.154 0 ALT_A 1 14.25 8.25 N 0 0 36.155 0 ALT_A 1 14.625 8.625 N 0 0 39.016 0 ALT_A 1 15.125 9.125 N 0 0 50.151 0 ALT_A 1 15.625 9.625 N 0 0 33.146 0 ALT_A 1 13.75 7.75 N 0 0 42.399 0 ALT_A 1 15.5 9.5 N 0 0 47.489 0 ALT_A 1 12.75 6.75 N 0 0 47.245 0 ALT_A 1 15.375 9.375 N 0 0 54.624 0 ALT_A 1 14.25 8.25 N 0 0 45.634 0 ALT_A 1 15.5 9.5 N 0 0 42.888 0 ALT_A 1 14.375 8.375 N 0 0 40.094 0 ALT_A 1 13.875 7.875 N 0 0 45.724 0 ALT_A 1 13.375 7.375 N 0 0 45.336 24 ALT_A 1 13.25 7.25 N 0 0 36.275 12 ALT_A 1 14.99 8.99 N 0 0 40.692 0 ALT_A 1 13.59 7.59 N 0 0 47.131 24 ALT_A 1 13.875 7.875 N 0 0 43.665 24 ALT_A 1 12.5 6.5 N 0 0 49.685 12 ALT_A 1 13.375 7.375 N 0 0 48.331 0 ALT_A 1 13.5 7.5 N 0 0 42.908 0 ALT_A 1 14.125 8.125 N 0 0 48.014 0 ALT_A 1 11.875 5.875 N 0 0 26.281 24 ALT_A 1 12 6 N 0 0 43.598 24 ALT_A 1 14.5 8.5 N 0 0 30.26 0 ALT_A 1 12.99 6.99 N 0 0 23.041 0 ALT_A 1 13.5 7.5 N 0 0 41.765 24 ALT_A 1 14.625 8.625 N 0 0 30.14 24 ALT_A 1 13.375 7.375 N 0 0 41.838 24 ALT_A 1 14.75 8.75 N 0 0 39.127 0 ALT_A 1 17.25 11.25 N 0 0 54.109 0 ALT_A 1 13.99 7.99 N 0 0 37.628 12 ALT_A 1 15.375 9.375 N 0 0 45.686 0 ALT_A 1 15.5 9.5 N 0 0 50.183 24 ALT_A 1 13.25 2.25 N 0 0 33.749 36 ALT_A 1 12.875 2.25 N 0 0 0 36 ALT_A 1 12.25 2.25 N 0 0 44.697 36 ALT_A 1 12.625 2.25 N 0 0 32.566 0 ALT_A 1 13.25 2.25 N 0 0 46.614 36 ALT_A 1 12.125 2.25 N 0 0 21.939 36 ALT_A 1 11.875 2.25 N 0 0 0 36 ALT_A 1 12.75 2.25 N 0 0 42.189 36 ALT_A 1 11.625 2.25 N 0 0 44.43 36 ALT_A 1 11.25 2.25 N 0 0 40.956 36 ALT_A 1 11.625 2.25 N 0 0 0 36 ALT_A 1 11.125 2.25 N 0 0 32.014 36 ALT_A 1 11.375 2.25 N 0 0 47.901 36 ALT_A 1 12.625 2.25 N 0 0 31.776 36 ALT_A 1 13.125 2.5 N 0 0 43.377 12 ALT_A 1 12.125 2.25 N 0 0 45.353 36 ALT_A 1 11.625 2.25 N 0 0 39.428 36 ALT_A 1 12.25 2.25 N 0 0 24.457 12 ALT_A 1 11.375 2.25 N 0 0 44.946 36 ALT_A 1 12 2.25 N 0 0 40.67 36 ALT_A 1 11.5 2.25 N 0 0 44.776 36 ALT_A 1 11.5 2.25 N 0 0 48.266 36 ALT_A 1 10.375 2.25 N 0 0 49.257 36 ALT_A 1 10.875 2.25 N 0 0 32.574 36 ALT_A 1 12.5 2.25 N 0 0 0 36 ALT_A 1 11.25 2.25 N 0 0 45.843 36 ALT_A 1 11.75 2.25 N 0 0 38.797 12 ALT_A 1 11.375 2.25 N 0 0 28.727 36 ALT_A 1 12.25 2.25 N 0 0 38.894 36 ALT_A 1 11.625 2.25 N 0 0 44.774 36 ALT_A 1 11 2.25 N 0 0 33.441 36 ALT_A 1 12.375 2.25 N 0 0 50.151 36 ALT_A 1 11.875 2.25 N 0 0 43.689 36 ALT_A 1 12.5 2.25 N 0 0 33.654 24 ALT_A 1 11.375 2.25 N 0 0 44.126 24 ALT_A 1 11.875 2.25 N 0 0 46.822 36 ALT_A 1 13 2.25 N 0 0 41.036 0 ALT_A 1 11.75 2.25 N 0 0 41.807 36 ALT_A 1 10.875 2.25 N 0 0 40.209 12 ALT_A 1 11.5 2.25 N 0 0 43.786 36 ALT_A 1 12.99 2.25 N 0 0 38.887 36 ALT_A 1 11.5 2.25 N 0 0 33.672 36 ALT_A 1 11.375 2.25 N 0 0 45.809 36 ALT_A 1 12.125 2.25 N 0 0 48.91 12 ALT_A 1 11.875 2.25 N 0 0 38.475 0 ALT_A 1 12 2.25 N 0 0 49.025 36 ALT_A 1 13.25 2.25 N 0 0 0 12 ALT_A 1 11.75 2.25 N 0 0 37.564 24 ALT_A 1 11.875 2.25 N 0 0 38.365 36 ALT_A 1 12.625 2.25 N 0 0 0 36 ALT_A 1 11.625 2.25 N 0 0 49.977 36 ALT_A 1 12.125 2.25 N 0 0 0 6 ALT_A 1 12.25 2.25 N 0 0 26.019 36 ALT_A 1 13.5 2.25 N 0 0 44.765 12 ALT_A 1 11.625 2.25 N 0 0 27.401 36 ALT_A 1 12.5 2.25 N 0 0 43.612 36 ALT_A 1 11.99 2.25 N 0 0 39.404 36 ALT_A 1 13.75 2.25 N 0 0 33.053 36 ALT_A 1 12.625 2.25 N 0 0 0 36 ALT_A 1 12.875 2.25 N 0 0 22.247 12 ALT_A 1 13.25 2.25 N 0 0 31.985 6 ALT_A 1 11.375 2.25 N 0 0 44.421 36 ALT_A 1 11.75 2.25 N 0 0 30.699 36 ALT_A 1 10.875 2.25 N 0 0 47.342 36 ALT_A 1 12.625 2.25 N 0 0 0 36 ALT_A 1 12.375 2.25 N 0 0 42.189 36 ALT_A 1 11.875 2.25 N 0 0 42.13 12 ALT_A 1 11.75 2.25 N 0 0 46.718 36 ALT_A 1 12.375 2.25 N 0 0 42.854 36 ALT_A 1 12 2.25 N 0 0 35.896 36 ALT_A 1 11.625 2.25 N 0 0 38.872 24 ALT_A 1 11.875 2.25 N 0 0 42.972 36 ALT_A 1 10.625 2.25 N 0 0 0 0 ALT_A 1 12.375 2.25 N 0 0 48.424 36 ALT_A 1 12.75 2.25 N 0 0 42.008 0 ALT_A 1 11.75 2.25 N 0 0 0 36 ALT_A 1 11.375 2.875 N 0 0 36.61 12 ALT_A 1 13.25 2.25 N 0 0 35.021 0 ALT_A 1 13 2.25 N 0 0 0 36 ALT_A 1 11.375 3.75 N 0 0 0 36 ALT_A 1 12.375 2.25 N 0 0 0 36 ALT_A 1 11.375 3.75 N 0 0 42.765 36 ALT_A 1 11.75 2.25 N 0 0 27.054 36 ALT_A 1 12.125 2.25 N 0 0 38.884 0 ALT_A 1 11.75 2.25 N 0 0 37.458 36 ALT_A 1 11.375 3.75 N 0 0 48.634 36 ALT_A 1 10.875 2.25 N 0 0 0 36 ALT_A 1 11.375 3.75 N 0 0 43.937 12 ALT_A 1 12.75 3.75 N 0 0 40.193 24 ALT_A 1 11.75 2.25 N 0 0 30.097 36 ALT_A 1 11 2.25 N 0 0 37.866 0 ALT_A 1 12.875 2.25 N 0 0 0 0 ALT_A 1 11.375 2.25 N 0 0 34.201 36 ALT_A 1 12.625 2.25 N 0 0 39.861 0 ALT_A 1 11.375 2.25 N 0 0 31.927 36 ALT_A 1 13 2.25 N 0 0 49.384 0 ALT_A 1 11.5 2.25 N 0 0 0 36 ALT_A 1 11.625 2.25 N 0 0 33.684 36 ALT_A 1 11.375 3.75 N 0 0 40.957 24 ALT_A 1 11.75 2.25 N 0 0 48.806 36 ALT_A 2 12.125 3.25 N 0 0 0 36 ALT_A 1 11.75 3.75 N 0 0 28.877 24 ALT_A 1 11.375 2.25 N 0 0 51.214 0 ALT_A 1 11.875 2.25 N 0 0 0 36 ALT_A 1 11.875 2.875 N 0 0 43.263 24 ALT_A 1 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N 0 0 49.524 36 ALT_A 1 12 2.25 N 0 0 48.939 36 ALT_A 1 12.375 2.25 N 0 0 0 36 ALT_A 1 11.99 2.25 N 0 0 49.406 36 ALT_A 1 11.875 2.25 N 0 0 48.788 36 ALT_A 1 12.5 3.25 N 0 0 0 12 ALT_A 1 12.5 3.25 N 0 0 0 12 ALT_A 1 11.625 3.25 N 0 0 31.655 12 ALT_A 1 12.125 3.25 N 0 0 0 12 ALT_A 2 12.125 3.25 N 0 0 0 0 ALT_A 1 12.25 2.25 N 0 0 49.902 36 ALT_A 2 12.375 2.25 N 0 0 29.926 0 ALT_A 1 15.125 9.125 N 0 0 45.517 24 ALT_A 1 15.125 9.125 N 0 0 45.517 24 ALT_A 1 14.75 8.75 N 0 0 49.207 24 ALT_A 1 14.75 8.75 N 0 0 48.503 24 ALT_A 1 15.375 9.375 N 0 0 53.414 0 ALT_A 1 13.125 7.125 N 0 0 47.016 24 ALT_A 1 11.5 2.25 N 0 0 43.844 36
EXHIBIT
I
[RESERVED]
EXHIBIT
J
[RESERVED]
EXHIBIT
K
FORM
OF
ASSIGNMENT AGREEMENT
Whereas,
Wells Fargo Bank, N.A. (the “Master Servicer”) and the Company entered into that
certain Servicing Agreement, dated as of March 27, 2006 (the “Servicing
Agreement”), pursuant to which the Company agreed to service certain mortgage
loans (the “Mortgage Loans”) for the benefit of the Assignee.
In
consideration of the mutual promises and agreements contained herein, and
for
other good and valuable consideration, the receipt and sufficiency of which
are
hereby acknowledged, the parties hereto agree that the Mortgage Loans listed
on
Attachment
1
annexed
hereto (the “Assigned Loans”) shall be subject to the terms of this AAR
Agreement. Any capitalized term used and not otherwise defined herein shall
have
the meaning assigned to such term in the Servicing Agreement or the Pooling
and
Servicing Agreement (as defined below).
Assignment
and Assumption
1.
Except
as
expressly provided for herein, the Assignor hereby grants, transfers and
assigns
to the Assignee all of its right, title and interest as in, to and under
the
Assigned Loans, and as it relates to the Assigned Loans, the Servicing
Agreement. Notwithstanding anything to the contrary contained herein, the
Assignor is not assigning to the Assignee any of its right, title and interest,
to and under the Servicing Agreement with respect to any other mortgage loan
other than the Assigned Loans. Except as is otherwise expressly provided
herein,
the Assignor makes no representations, warranties or covenants to the Assignee
and the Assignee acknowledges that the Assignor has no obligations to the
Assignee under the terms of the Servicing Agreement or otherwise relating
to the
transaction contemplated herein (including, but not limited to, any obligation
to indemnify the Assignee).
Assignor
acknowledges and agrees that upon execution of this Agreement, with respect
to
the Assigned Loans, all representations, warranties and covenants by the
Company
under the Servicing Agreement shall accrue to Assignee by virtue of this
Agreement.
Representations,
Warranties and Covenants
2.
Assignor
warrants and represents to, and covenants with, Assignee and Company as of
the
date hereof that:
a. |
Attached
hereto as Attachment
2
is
a true and correct copy of the Servicing Agreement, which Servicing
Agreement is in full force and effect as of the date hereof and
the
provisions of which have not been waived, amended or modified in
any
respect, nor has any notice of termination been given
thereunder;
|
b. |
Assignor
was the lawful owner of the Assigned Loans with full right to transfer
the
Assigned Loans and any and all of its interests, rights and obligations
under the Servicing Agreement as they relate to the Assigned Loans,
free
and clear from any and all claims and encumbrances; and upon the
transfer
of the Assigned Loans to Assignee as contemplated herein, Assignee
shall
have good title to each and every Assigned Loan, as well as any
and all of
Assignee’s interests, rights and obligations under the Servicing Agreement
as they relate to the Assigned Loans, free and clear of any and
all liens,
claims and encumbrances;
|
c. |
There
are no offsets, counterclaims or other defenses available to the
Company
with respect to the Servicing
Agreement;
|
d. |
Assignor
has no knowledge of, and has not received notice of, any waivers
under, or
any modification of, any Assigned
Loan;
|
e. |
Assignor
is duly organized, validly existing and in good standing under
the laws of
the jurisdiction of its incorporation, and has all requisite power
and
authority to acquire, own and sell the Assigned
Loans;
|
f. |
Assignor
has full corporate power and authority to execute, deliver and
perform its
obligations under this AAR Agreement, and to consummate the transactions
set forth herein. The consummation of the transactions contemplated
by
this AAR Agreement is in the ordinary course of Assignor’s business and
will not conflict with, or result in a breach of, any of the terms,
conditions or provisions of Assignor’s charter or by-laws or any legal
restriction, or any material agreement or instrument to which Assignor
is
now a party or by which it is bound, or result in the violation
of any
law, rule, regulation, order, judgment or decree to which Assignor
or its
property is subject. The execution, delivery and performance by
Assignor
of this AAR Agreement and the consummation by it of the transactions
contemplated hereby, have been duly authorized by all necessary
corporate
action on part of Assignor. This AAR Agreement has been duly executed
and
delivered by Assignor and, upon the due authorization, execution
and
delivery by Assignee and the parties hereto, will constitute the
valid and
legally binding obligation of Assignor enforceable against Assignor
in
accordance with its terms except as enforceability may be limited
by
bankruptcy, reorganization, insolvency, moratorium or other similar
laws
now or hereafter in effect relating to creditors’ rights generally, and by
general principles of equity regardless of whether enforceability
is
considered in a proceeding in equity or at law;
|
g. |
No
consent, approval, order or authorization of, or declaration, filing
or
registration with, any governmental entity is required to be obtained
or
made by Assignor in connection with the execution, delivery or
performance
by Assignor of this AAR Agreement, or the consummation by it of
the
transactions contemplated hereby. Neither Assignor nor anyone acting
on
its behalf has offered, transferred, pledged, sold or otherwise
disposed
of the Assigned Loans or any interest in the Assigned Loans, or
solicited
any offer to buy or accept a transfer, pledge or other disposition
of the
Assigned Loans, or any interest in the Assigned Loans or otherwise
approached or negotiated with respect to the Assigned Loans, or
any
interest in the Assigned Loans with any Person in any manner, or
made any
general solicitation by means of general advertising or in any
other
manner, or taken any other action which would constitute a distribution
of
the Assigned Loans under the Securities Act of 1933, as amended
(the “1933
Act”)
or
which would render the disposition of the Assigned Loans a violation
of
Section 5 of the 1933 Act or require registration pursuant thereto;
and
|
h. | There is no action, suit, proceeding, investigation or litigation pending or, to Assignor's knowledge, threatened, which either in any instance or in the aggregate, if determined adversely to Assignor, would adversely affect Assignor's execution or delivery of, or the enforceability of, this AAR Agreement, or the Assignor's ability to perform its obligations under this AAR Agreement. |
3.
The
Assignee warrants and represents to, and covenants with, the Assignor and
the
Company as of the date hereof that:
a. |
Assignee
is duly organized, validly existing and in good standing under
the laws of
the jurisdiction of its organization and has all requisite power
and
authority to hold the Assigned Loans as trustee on behalf of the
holders
of Opteum Mortgage Acceptance Corporation, Asset-Backed Pass-Through
Certificates, Series 2006-2;
|
b. |
Assignee
has full power and authority to execute, deliver and perform its
obligations under this AAR Agreement, and to consummate the transactions
set forth herein. The consummation of the transactions contemplated
by
this AAR Agreement is in the ordinary course of Assignee’s business and
will not conflict with, or result in a breach of, any of the terms,
conditions or provisions of Assignee’s charter or by-laws or any legal
restriction, or any material agreement or instrument to which Assignee
is
now a party or by which it is bound, or result in the violation
of any
law, rule, regulation, order, judgment or decree to which Assignee
or its
property is subject. The execution, delivery and performance by
Assignee
of this AAR Agreement and the consummation by it of the transactions
contemplated hereby, have been duly authorized by all necessary
corporate
action on part of Assignee. This AAR Agreement has been duly executed
and
delivered by Assignee and, upon the due authorization, execution
and
delivery by Assignor and the parties hereto, will constitute the
valid and
legally binding obligation of Assignee enforceable against Assignee
in
accordance with its terms except as enforceability may be limited
by
bankruptcy, reorganization, insolvency, moratorium or other similar
laws
now or hereafter in effect relating to creditors’ rights generally, and by
general principles of equity regardless of whether enforceability
is
considered in a proceeding in equity or at
law;
|
c. |
No
consent, approval, order or authorization of, or declaration, filing
or
registration with, any governmental entity is required to be obtained
or
made by Assignee in connection with the execution, delivery or
performance
by Assignee of this AAR Agreement, or the consummation by it of
the
transactions contemplated hereby;
|
d. |
There
is no action, suit, proceeding, investigation or litigation pending
or, to
Assignee’s knowledge, threatened, which either in any instance or in the
aggregate, if determined adversely to Assignee, would adversely
affect
Assignee’s execution or delivery of, or the enforceability of, this AAR
Agreement, or the Assignee's ability to perform its obligations
under this
AAR Agreement; and
|
e. |
Assignee
assumes for the benefit of each of Assignor and Company all of
Assignor’s
rights under the Servicing Agreement but solely with respect to
the
Assigned Loans.
|
4.
Company
warrants and represents to, and covenants with, Assignee and Assignor, as
of the
date hereof, that:
a. |
Attached
hereto as Attachment
2
is
a true and accurate copy of the Servicing Agreement, which agreement
is in
full force and effect as of the date hereof and the provisions
of which
have not been waived, amended or modified in any respect, nor has
any
notice of termination been given
thereunder;
|
b. |
Company
is duly organized, validly existing and in good standing under
the laws of
the jurisdiction of its formation, and has all requisite power
and
authority to service the Assigned Loans and otherwise to perform
its
obligations under the Servicing
Agreement;
|
c. |
Company
has full power and authority to execute, deliver and perform its
obligations under this AAR Agreement, and to consummate the transactions
set forth herein. The consummation of the transactions contemplated
by
this AAR Agreement is in the ordinary course of Company’s business and
will not conflict with, or result in a breach of, any of the terms,
conditions or provisions of Company’s charter or by-laws or any legal
restriction, or any material agreement or instrument to which Company
is
now a party or by which it is bound, or result in the violation
of any
law, rule, regulation, order, judgment or decree to which Company
or its
property is subject. The execution, delivery and performance by
Company of
this AAR Agreement and the consummation by it of the transactions
contemplated hereby, have been duly authorized by all necessary
corporate
action on part of Company. This AAR Agreement has been duly executed
and
delivered by Company, and, upon the due authorization, execution
and
delivery by Assignor and Assignee, will constitute the valid and
legally
binding obligation of Company, enforceable against Company in accordance
with its terms except as enforceability may be limited by bankruptcy,
reorganization, insolvency, moratorium or other similar laws now
or
hereafter in effect relating to creditors’ rights generally, and by
general principles of equity regardless of whether enforceability
is
considered in a proceeding in equity or at
law;
|
d. |
No
consent, approval, order or authorization of, or declaration, filing
or
registration with, any governmental entity is required to be obtained
or
made by Company in connection with the execution, delivery or performance
by Company of this AAR Agreement, or the consummation by it of
the
transactions contemplated hereby;
|
e. |
Company
shall establish a Custodial Account and an Escrow Account under
the
Servicing Agreement in favor of Assignee with respect to the Assigned
Loans separate from the Custodial Account and Escrow Account previously
established under the Servicing Agreement in favor of Assignor;
|
f. |
Pursuant
to Section 6.01 of the Servicing Agreement, the Company hereby
restates
the representations and warranties set forth in Section 6.01 of
the
Servicing Agreement with respect to the Company;
and
|
g. |
Neither
this AAR Agreement nor any certification, statement, report or
other
agreement, document or instrument furnished or to be furnished
by the
Company pursuant to this AAR Agreement contains or will contain
any
materially untrue statement of fact or omits or will omit to state
a fact
necessary to make the statements contained therein not
misleading.
|
5. Assignor
hereby agrees to indemnify and hold the Assignee (and its successors and
assigns) harmless against any and all claims, losses, penalties, fines,
forfeitures, legal fees and related costs, judgments, and any other costs,
fees
and expenses that Assignee (and its successors and assigns) may sustain in
any
way related to any breach of the representations or warranties of Assignor
set
forth in this AAR Agreement or the breach of any covenant or condition contained
herein.
Recognition
of Assignee
6.
From
and
after the date hereof, Company shall recognize Assignee as owner of the Assigned
Loans, and acknowledges that the Assigned Loans will be part of a REMIC,
and
will service the Assigned Loans in accordance with the Servicing Agreement
but
in no event in a manner that would (i) cause any REMIC to fail to qualify
as a
REMIC or (ii) result in the imposition of a tax upon any REMIC (including
but
not limited to the tax on prohibited transactions as defined in Section
860F(a)(2) of the Code and the tax on contributions to a REMIC set forth
in
Section 860G(d) of the Code). It is the intention of Assignor, Company and
Assignee that this AAR Agreement shall be binding upon and for the benefit
of
the respective successors and assigns of the parties hereto. Neither Company
nor
Assignor shall amend or agree to amend, modify, waiver, or otherwise alter
any
of the terms or provisions of the Servicing Agreement which amendment,
modification, waiver or other alteration would in any way affect the Assigned
Loans without the prior written consent of Assignee.
Modification
of Servicing Agreement
7. [Reserved]
Miscellaneous
8.
All
demands, notices and communications related to the Assigned Loans, the Servicing
Agreement and this AAR Agreement shall be in writing and shall be deemed
to have
been duly given if personally delivered at or mailed by registered mail,
postage
prepaid, as follows:
a. |
In
the case of Company,
|
Opteum
Financial Services, LLC
W.
000
Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000
b. |
In
the case of Assignor,
|
Opteum
Mortgage Acceptance Corporation
W.
000
Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000
c. |
In
the case of Assignee,
|
HSBC
Bank
USA, National Association
as
Trustee
000
Xxxxx
Xxxxxx
Xxx
Xxxx,
Xxx Xxxx 00000
Attention:
OMAC 2006-2
Telecopier
No.: (000) 000-0000
9.
The
Company hereby acknowledges that Xxxxx Fargo Bank, N.A. (the “Master Servicer”)
has been appointed as the master servicer of the Assigned Loans pursuant
to the
Pooling and Servicing Agreement, dated as of June 1 2006, among the Assignor,
the Assignee and the Master Servicer, and therefor has the right to enforce
all
obligations of the Company, as they relate to the Assigned Loans, under the
Servicing Agreement. Such right will include, without limitation, the right
to
terminate the Company under the Servicing Agreement upon the occurrence of
an
event of default thereunder, the right to receive all remittances required
to be
made by the Company under the Servicing Agreement, the right to receive all
monthly reports and other data required to be delivered by the Company under
the
Servicing Agreement, the right to examine the books and records of the Company,
indemnification rights, and the right to exercise certain rights of consent
and
approval relating to actions taken by the Company. The Company shall make
all
distributions under the Servicing Agreement, as they relate to the Assigned
Loans, to the Master Servicer by wire transfer of immediately available funds
to:
OMAC
Trust 2006-2
Xxxxx
Fargo Bank, N.A.
ABA#
000000000
SAS
Clearing
Account
#
0000000000
For
Further Credit to: OMAC 2006-2, Account # 00000000
and
the
Company shall deliver all reports required to be delivered under the Servicing
Agreement, as they relate to the Assigned Loans, to the Assignee at the address
set forth in Section 8 herein and to the Master Servicer at:
Xxxxx
Fargo Bank, N.A.
0000
Xxx
Xxxxxxxxx Xxxx
Xxxxxxxx,
Xxxxxxxx 00000
Attention:
OMAC 2006-2
10. THIS
AAR
AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW
YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES, AND THE OBLIGATIONS,
RIGHTS
AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH
SUCH LAWS.
11.
No
term
or provision of this AAR Agreement may be waived or modified unless such
waiver
or modification is in writing and signed by the party against whom such waiver
or modification is sought to be enforced.
12.
This
AAR
Agreement shall inure to the benefit of the successors and assigns of the
parties hereto. Any entity into which Assignor, Assignee or Company may be
merged or consolidated shall, without the requirement for any further writing,
be deemed Assignor, Assignee or Company, respectively, hereunder.
13. This
AAR
Agreement shall survive the conveyance of the Assigned Loans, the assignment
of
the Servicing Agreement to the extent of the Assigned Loans by Assignor to
Assignee and the termination of the Servicing Agreement.
14.
This
AAR
Agreement may be executed simultaneously in any number of counterparts. Each
counterpart shall be deemed to be an original and all such counterparts shall
constitute one and the same instrument.
15.
In
the
event that any provision of this AAR Agreement conflicts with any provision
of
the Servicing Agreement with respect to the Assigned Loans, the terms of
this
AAR Agreement shall control.
[Signature
Page Follows]
IN
WITNESS WHEREOF, the parties hereto have executed this AAR Agreement on the
date
first above written.
OPTEUM
MORTGAGE ACCEPTANCE CORPORATION, the Assignor
|
HSBC
BANK USA, NATIONAL ASSOCIATION, as trustee for the holders of Opteum
Mortgage Acceptance Corporation, Asset-Backed Pass-Through Certificates,
Series 2006-2,
|
||
the
Assignee
|
|||
By:
|
By:
|
||
Its:
|
Its:
|
||
OPTEUM
FINANCIAL SERVICES, LLC,
the
Company
|
|||
By:
|
|||
Its:
|
|||
Acknowledged
and Agreed:
XXXXX
FARGO BANK, N.A.
|
|||
By:
|
|||
Its:
|
Attachment
I
Assigned
Loans
Attachment
II
Servicing
Agreement
EXHIBIT
L
FORM
OF
BACK-UP CERTIFICATION
Re:
|
The
[ ] agreement dated as of [ ], 200[ ] (the “Agreement”), among [IDENTIFY
PARTIES]
|
I,
________________________________, the _______________________ of [NAME OF
COMPANY], certify to [the Purchaser], [the Depositor], and the [Master Servicer]
[Securities Administrator] [Trustee], and their officers, with the knowledge
and
intent that they will rely upon this certification, that:
(1) I
have
reviewed the servicer compliance statement of the Company provided in accordance
with Item 1123 of Regulation AB (the “Compliance Statement”), the report on
assessment of the Company’s compliance with the servicing criteria set forth in
Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance
with Rules 13a-18 and 15d-18 under Securities Exchange Act of 1934, as amended
(the “Exchange Act”) and Item 1122 of Regulation AB (the “Servicing
Assessment”), the registered public accounting firm’s attestation report
provided in accordance with Rules 13a-18 and 15d-18 under the Exchange Act
and
Section 1122(b) of Regulation AB (the “Attestation Report”), and all servicing
reports, officer’s certificates and other information relating to the servicing
of the Mortgage Loans by the Company during 200[ ] that were delivered by the
Company to the [Depositor] [Master Servicer] [Securities Administrator]
[Trustee] pursuant to the Agreement (collectively, the “Company Servicing
Information”);
(2) Based
on
my knowledge, the Company Servicing Information, taken as a whole, does not
contain any untrue statement of a material fact or omit to state a material
fact
necessary to make the statements made, in the light of the circumstances under
which such statements were made, not misleading with respect to the period
of
time covered by the Company Servicing Information;
(3) Based
on
my knowledge, all of the Company Servicing Information required to be provided
by the Company under the Agreement has been provided to the [Depositor] [Master
Servicer] [Securities Administrator] [Trustee];
(4) I
am
responsible for reviewing the activities performed by the Company as servicer
under the Agreement, and based on my knowledge and the compliance review
conducted in preparing the Compliance Statement and except as disclosed in
the
Compliance Statement, the Servicing Assessment or the Attestation Report, the
Company has fulfilled its obligations under the Agreement in all material
respects; and
(5) The
Compliance Statement required to be delivered by the Company pursuant to the
Agreement, and the Servicing Assessment and Attestation Report required to
be
provided by the Company and by any Subservicer or Subcontractor pursuant to
the
Agreement, have been provided to the [Depositor] [Master Servicer]. Any material
instances of noncompliance described in such reports have been disclosed to
the
[Depositor] [Master Servicer]. Any material instance of noncompliance with
the
Servicing Criteria has been disclosed in such reports.
By: | |||
Name: ________________________________ | |||
Title:
________________________________
|
EXHIBIT
M
SERVICING
AGREEMENT
THIS
SERVICING AGREEMENT (this “Agreement”), entered into as of the 27th day of
March, 2006, by and among OPTEUM MORTGAGE SERVICES, LLC, (formerly know as
Opteum
Mortgage
Services, LLC), a Delaware corporation (“Opteum”), in its capacity as seller
(the “Seller”), Opteum, in its capacity as servicer (the “Servicer”) and XXXXX
FARGO BANK, NATIONAL ASSOCIATION, as master servicer (the “Master Servicer”),
recites and provides as follows:
RECITALS
WHEREAS,
Opteum owns and services certain residential Mortgage Loans (the “Mortgage
Loans”);
WHEREAS,
CENLAR FSB, a federal savings bank (the “Subservicer”) will subservice certain
of the Mortgage Loans;
WHEREAS,
Opteum, as Seller, from time to time may convey certain of the Mortgage Loans,
on a servicing-retained basis, to one or more Trusts, as defined herein,
under
one or more Trust Agreements, as defined herein, in connection with a
Pass-Through Transfer, as defined herein, with Xxxxx Fargo Bank, National
Association as the Master Servicer;
WHEREAS,
upon the Effective Date, as defined herein, of any such Pass-Through Transfer,
the Mortgage Loans shall become Securitized Loans, as defined
herein;
WHEREAS,
in connection with any such Pass-Through Transfer, the Seller and the Master
Servicer desire that the Servicer service any Securitized Loans pursuant
to this
Agreement, and the Servicer has agreed to do so, subject to the rights of
the
Seller and the Master Servicer to terminate the rights and obligations of
the
Servicer hereunder as provided herein;
WHEREAS,
the Master Servicer shall be obligated under each Trust Agreement, among
other
things, to supervise the servicing of the Securitized Loans subject to the
Trust
Agreement on behalf of the related Trust, and shall have the right to terminate
the rights and obligations of the Servicer under this Agreement or under
the
Agreement relating to specified Securitized Loans upon the occurrence and
continuance of an Event of Default as provided herein;
WHEREAS,
the Seller, the Servicer and the Master Servicer intend that the NIMs Insurer
and each Trustee be a third party beneficiary of this Agreement;
WHEREAS,
the Seller and the Servicer acknowledge and agree that the Seller will assign
all of its rights and delegate all of its obligations hereunder with regard
to
specified Securitized Loans (exclusive of the Seller’s rights and obligations as
owner of the servicing rights relating to such Securitized Loans) to the
related
Trust or Trustee, and that each reference herein to the Seller with regard
to
specified Securitized Loans is intended, unless otherwise specified, to mean
the
Seller or such Trust or Trustee, as assignee of the specified Securitized
Loans;
WHEREAS,
the parties hereto mutually acknowledge and agree that, pursuant to Section
7.04
of this Agreement, the Subservicer will contemporaneously herewith enter
into a
Sub-Servicing Acknowledgment Agreement (the “Sub-Servicing Agreement”) of even
date herewith, pursuant to which the Subservicer will sub-service the
Securitized Loans on behalf of the Servicer in accordance with the terms
of this
Agreement and will have the benefit of certain rights of the Servicer under
this
Agreement, other than those under Section 7.04 hereof.
NOW,
THEREFORE, in consideration of the mutual agreements hereinafter set forth
and
for other good and valuable consideration, the receipt and adequacy of which
are
hereby acknowledged, the Master Servicer, the Seller and the Servicer hereby
agree as follows:
ARTICLE
I.
DEFINITIONS
The
following terms are defined as follows (except as otherwise agreed in writing
by
the parties):
Accepted
Servicing Practices:
With
respect to any Securitized Loan, those mortgage servicing practices that
prudent
mortgage lending institutions would employ in servicing their own portfolio
of
mortgage loans of the same type as the Securitized Loans in the jurisdiction
where the related Mortgaged Property is located, giving due consideration
to
customary and usual standards of practice of mortgage lenders and loan servicers
administering similar mortgage loans.
Adjustable
Rate Securitized Loan:
A
Securitized Loan under which the Mortgage Interest Rate is adjusted from
time to
time in accordance with the terms and provisions of the related Mortgage
Note.
Adverse
REMIC Event:
Taking
(or causing to be taken) any action, or failure to take (or failure to cause
to
be taken) any action, that, under the REMIC Provisions, if taken or not taken,
as the case may be, could (i) endanger the status of such REMIC as a REMIC
or
(ii) result in the imposition of a tax upon such REMIC (including but not
limited to the tax on prohibited transactions as defined in Section 860F(a)(2)
of the Code and the tax on prohibited contributions set forth on Section
860G(d)
of the Code).
Advancing
Person:
As
defined in Section 4.03 hereof.
Agreement:
This
Servicing Agreement and all amendments hereof and supplements
hereto.
Ancillary
Income:
All
income derived from the Securitized Loans (other than the (i) Servicing Fee
or (ii) Prepayment Charges or Servicer Prepayment Charge Payment Amounts
attributable to the Securitized Loans), including but not limited to late
charges, penalty interest, any interest paid on funds deposited in the Custodial
Account and Escrow Account (other than interest on escrowed funds required
by
law to be paid to the Mortgagor), fees received with respect to checks or
bank
drafts returned by the related bank for non-sufficient funds, assumption
fees,
modification fees, optional insurance administrative fees and all other
incidental fees and charges.
Assignment
of Mortgage:
An
assignment of a Mortgage, notice of transfer or equivalent instrument in
recordable form, sufficient under the laws of the jurisdiction wherein the
related Mortgaged Property is located to reflect the transfer of such Mortgage
to the party indicated therein, which assignment, notice of transfer or
equivalent instrument may be in the form of one or more blanket assignments
covering the Securitized Loans secured by Mortgaged Properties located in
the
same jurisdiction, if permitted by law.
Balloon
Securitized Loan:
Any
Securitized Loan that by its original terms or by virtue of any modification
provides for an amortization schedule extending beyond its originally scheduled
Maturity Date and which has a final scheduled payment that is proportionately
large in comparison to other scheduled payments.
Balloon
Payment:
The
final scheduled payment in respect of a Balloon Securitized Loan.
Business
Day:
Any day
other than (i) a Saturday or Sunday or (ii) a day on which banking and savings
and loan institutions in the States of New York, Maryland, Minnesota and,
with
respect to any Trust, the jurisdiction in which the related Trustee conducts
its
trust business, are authorized or obligated by law or executive order to
be
closed.
Certificates:
Any or
all of the certificates or other securities issued pursuant to a Trust
Agreement.
Certificate
Registrar:
The
registrar appointed pursuant to the Trust Agreement.
Closing
Date:
The
actual date of closing of any Pass-Through Transfer, without regard to the
Effective Date thereof.
Commission:
The
United States Securities and Exchange Commission.
Code:
The
Internal Revenue Code of 1986, as it may be amended from time to time or
any
successor statute thereto, and applicable U.S. Department of the Treasury
regulations issued pursuant thereto.
Condemnation
Proceeds:
All
awards of settlements in respect of a Mortgaged Property, whether permanent
or
temporary, partial or entire, by exercise of the power of eminent domain
or
condemnation, to the extent not required to be released to a Mortgagor in
accordance with the terms of the related Securitized Loan
documents.
Conventional
Loan:
A
conventional residential first or second lien fixed or adjustable rate
Securitized Loan that is neither FHA insured nor VA guaranteed.
Costs:
For any
Person, any claims, losses, damages, penalties, fines, forfeitures, reasonable
and necessary legal fees and related costs, judgments, and other costs and
expenses of such Person.
Credit
Risk Manager:
With
respect to Securitized Loans covered by a Trust Agreement, any credit risk
manager or loss mitigation advisor under such Trust Agreement.
Custodial
Account:
The
account created and maintained by the Servicer pursuant to Section
3.03.
Custodial
Agreement:
With
respect to Securitized Loans covered by a Trust Agreement, the custodial
agreement relating to custody of such Securitized Loans between a Custodian
and
the related Trustee, as acknowledged by the Servicer, dated as of the related
Effective Date.
Custodian:
A
custodian of Securitized Loans under any Custodial Agreement.
Delinquent:
For
reporting purposes, a Securitized Loan is “delinquent” when any payment
contractually due thereon has not been made by the close of business on the
Due
Date therefor. Such Securitized Loan is “30 days Delinquent” if such payment has
not been received by the close of business on the corresponding day of the
month
immediately succeeding the month in which such payment was first due, or,
if
there is not such corresponding day (e.g., as when a 30-day month follows
a
31-day month in which a payment was due on the 31st
day of
such month), then on the last day of such immediately succeeding month.
Similarly for “60 days Delinquent” and the second immediately succeeding month
and “90 days Delinquent” and the third immediately succeeding month.
Determination
Date:
With
respect to each Remittance Date, the 20th day (or if such 20th day is not
a
Business Day, the Business Day immediately preceding such 20th day) of the
month
of the related Distribution Date.
Depositor:
The
depositor, as such term is defined in Regulation AB, with respect to any
Securitization Transaction.
Distressed
Securitized Loan:
As of
any Effective Date, any related Securitized Loan that was Delinquent in payment
for a period of 90 days or more as of the first calendar day of the month
in
which such Effective Date occurs, without giving effect to any grace period
permitted by the related Mortgage Note or for which the Servicer has accepted
a
deed in lieu of foreclosure. No Securitized Loan shall be considered delinquent
for the purpose of this definition by virtue of the related Mortgagor having
made payment to the prior servicer.
Due
Date:
The day
of the calendar month on which the Monthly Payment is due on a Securitized
Loan,
exclusive of any days of grace. With respect to the Securitized Loans for
which
payment from the Mortgagor is due on a day other than the first day of the
calendar month, such Securitized Loans will be treated as if the Monthly
Payment
is due on the first day of the immediately succeeding month.
Due
Period:
With
respect to each Remittance Date, the period commencing on the second day
of the
month immediately preceding the month of the Remittance Date and ending on
the
first day of the month of the Remittance Date.
Effective
Date:
The
effective date of any Pass-Through Transfer as set forth in the Transfer
Notice.
Eligible
Investments:
Any one
or more of the obligations and securities listed below which investment provides
for a date of maturity not later than the Determination Date in each
month:
(i)
direct
obligations of, and obligations fully guaranteed as to timely payment of
principal and interest by, the United States of America or any agency or
instrumentality of the United States of America the obligations of which
are
backed by the full faith and credit of the United States of America, including
Federal Housing Administration debentures, but excluding any of such securities
whose terms do not provide for a payment of a fixed dollar amount upon maturity
or call for redemption (“Direct Obligations”) and Xxxxxxx Mac senior debt
obligations;
(ii)
federal
funds, or demand and time deposits in, certificates of deposits of, or bankers’
acceptances issued by, any depository institution or trust company (including
U.S. subsidiaries of foreign depositories, a Trustee, the Master Servicer
or any
agent of a Trustee or the Master Servicer, acting in its respective commercial
capacity) incorporated or organized under the laws of the United States of
America or any state thereof and subject to supervision and examination by
federal or state banking authorities, so long as at the time of investment
or
the contractual commitment providing for such investment the commercial paper
or
other short-term debt obligations of such depository institution or trust
company (or, in the case of a depository institution or trust company which
is
the principal subsidiary of a holding company, the commercial paper or other
short-term debt or deposit obligations of such holding company or deposit
institution, as the case may be) have been rated by each related Rating Agency
in its highest short-term rating category or one of its two highest long-term
rating categories;
(iii)
repurchase
agreements collateralized by direct obligations of, or securities guaranteed
by,
Xxxxxx Mae or Xxxxxxx Mac with any registered broker/dealer subject to
Securities Investors’ Protection Corporation jurisdiction or any commercial bank
insured by the FDIC, if such broker/dealer or bank has an uninsured, unsecured
and unguaranteed obligation rated by each related Rating Agency in its highest
short-term rating category; provided,
however,
that
such repurchase agreements are treated as financings under generally accepted
accounting principles (“GAAP”);
(iv)
securities
bearing interest or sold at a discount issued by any corporation incorporated
under the laws of the United States of America or any state thereof which
have a
credit rating from each related Rating Agency, at the time of investment
or the
contractual commitment providing for such investment, at least equal to one
of
the two highest long-term credit rating categories of each related Rating
Agency;
provided, however,
that
securities issued by any particular corporation will not be Eligible Investments
to the extent that investment therein will cause the then outstanding principal
amount of securities issued by such corporation and held as part of the
Custodial Account to exceed 20% of the aggregate principal amount of all
Eligible Investments in the Custodial Account; provided,
further,
that
such securities will not be Eligible Investments if they are published as
being
under review with negative implications from any Rating Agency;
(v)
commercial
paper (including both non-interest-bearing discount obligations and
interest-bearing obligations payable on demand or on a specified date not
more
than 180 days after the date of issuance thereof) rated by each related Rating
Agency in its highest short-term rating category;
(vi)
a
Qualified GIC (as defined in the Trust Agreement);
(vii)
certificates
or receipts representing direct ownership interests in future interest or
principal payments on obligations of the United States of America or its
agencies or instrumentalities (which obligations are backed by the full faith
and credit of the United States of America) held by a custodian in safekeeping
on behalf of the holders of such receipts; and
(viii)
any
other
demand, money market, common trust fund or time deposit or obligation, or
interest-bearing or other security or investment, rated in the highest rating
category by each related Rating Agency; provided that such obligations are
not
inconsistent with the definition of assets which may be held by a “qualified
special purpose entity” as described in clause 35(c)(6) of FAS 140. Such
investments in this subsection (viii) may include money market mutual funds
or
common trust funds, including any fund for which a Trustee, the Master Servicer
or any affiliate thereof serves as an investment advisor, administrator,
shareholder servicing agent, and/or custodian or subcustodian, notwithstanding
that (x) the related Trustee, the Master Servicer or any affiliate thereof
charges and collects fees and expenses from such funds for services rendered,
(y) a Trustee, the Master Servicer or any affiliate thereof charges and collects
fees and expenses for services rendered pursuant to this Agreement or a Trust
Agreement, and (z) services performed for such funds and pursuant to this
Agreement may converge at any time;
provided,
however,
that no
such instrument shall be an Eligible Investment if such instrument evidences
either (i) a right to receive only interest payments with respect to the
obligations underlying such instrument, or (ii) both principal and interest
payments derived from obligations underlying such instrument and the principal
and interest payments with respect to such instrument provide a yield to
maturity of greater than 120% of the yield to maturity at par of such underlying
obligations.
To
the
extent the Servicer receives any materials in connection with the holding
of any
Eligible Investment which requires the holder to vote, the Servicer shall
not
exercise its voting rights.
Eligible
Investments may not be sold prior to maturity, except that a money market
fund
or qualified investment fund may be liquidated at ant time.
Errors
and Omissions Insurance:
Errors
and Omissions Insurance to be maintained by the Servicer in accordance with
the
Master Servicing Guide.
Escrow
Account:
The
separate account or accounts created and maintained pursuant to Section
3.05.
Escrow
Payments:
With
respect to any Securitized Loan, the amounts constituting ground rents, taxes,
assessments, water rates, sewer rents, municipal charges, mortgage insurance
premiums, fire and hazard insurance premiums, condominium charges, and any
other
payments required to be escrowed by the Mortgagor with the mortgagee pursuant
to
the Mortgage or any other document.
Event
of Default:
Any of
the events which may result in a termination for cause set forth in Section
8.01.
Exchange
Act:
The
Securities Exchange Act of 1934, as amended.
Xxxxxx
Mae:
The
Federal National Mortgage Association, or any successor thereto.
FDIC:
The
Federal Deposit Insurance Corporation, or any successor thereto.
FHA:
The
Federal Housing Administration, an agency within HUD or any successor thereto
and including the Federal Housing Commissioner and the Secretary of HUD where
appropriate under the FHA Regulation.
Fidelity
Bond:
A
fidelity bond to be maintained by the Servicer in accordance with the Master
Servicing Guide.
Fixed
Rate Securitized Loan:
Any
Securitized Loan as to which the Mortgage Interest Rate set forth in the
Mortgage Note is fixed for the term of such Securitized Loan.
Final
Recovery Determination:
With
respect to any defaulted Securitized Loan or any REO Property (other than
any
Securitized Loan or REO Property repurchased from the Trust), a determination
made by the Servicer that all Insurance Proceeds, Liquidation Proceeds and
other
payments or recoveries which the Servicer, in its reasonable good faith
judgment, expect to be finally recoverable in respect thereof have been so
recovered.
Fitch:
Fitch,
Inc., or any successor in interest.
Xxxxxxx
Mac:
The
Federal Home Loan Mortgage Corporation, or any successor thereto.
Xxxxxx
Mae:
The
Government National Mortgage Association, or any successor thereto.
Holder
or Certificateholder:
The
registered owner of any Certificate as recorded on the books of the Certificate
Registrar provided for in the related Trust Agreement.
Opteum:
As
defined in the first paragraph of this Agreement.
Homestar
Mortgage Securities Trusts:
One or
more trusts to be formed by a Trust Agreement as part of a Pass-Through
Transfer, pursuant to each of which a numbered series of Certificates will
be
issued.
HUD:
The
Department of Housing and Urban Development, or any federal agency or official
thereof which may from time to time succeed to the functions thereof with
regard
to FHA Mortgage Insurance. The term “HUD,” for purposes of this Agreement, is
also deemed to include subdivisions thereof such as the FHA and Xxxxxx
Xxx.
Insurance
Proceeds:
With
respect to each Securitized Loan, proceeds of insurance policies insuring
the
Securitized Loan or the related Mortgaged Property, including, but not limited
to, proceeds from any PMI Policy, to the extent any such proceeds are not
to be
applied to the restoration and repair of the related Mortgaged Property or
released to the Mortgagor in accordance with the procedures that the Servicer
would follow in servicing mortgage loans for its own account, subject to
the
terms and conditions of the related Mortgage Note and Mortgage.
Issuer:
The
issuer of any Certificates pursuant to the Trust Agreement.
LIBOR:
The
three-month London InterBank Offered Rate as published in the Wall
Street Journal on
the
first Business Day of the month of any Remittance Date.
Liquidation
Proceeds:
Cash
received in connection with the liquidation of a defaulted Securitized Loan,
whether through the sale or assignment of such Securitized Loan, trustee’s sale,
foreclosure sale or otherwise, or the sale of the related REO Property, if
the
Mortgaged Property is acquired in satisfaction of the Securitized
Loan.
Master
Servicer:
With
respect to each Trust Agreement, Xxxxx Fargo Bank, National Association,
or any
successor in interest, or if any successor Master Servicer shall be appointed
as
provided in such Trust Agreement, then such successor Master Servicer or
with
respect to any Securitization Transaction, the “master servicer,” if any,
identified in the related transaction documents.
Master
Servicing Guide:
The
Xxxxx Fargo Bank, N.A. Master Servicing Guide, original dated January, 1997,
as
amended July, 2001, and all amendments or additions thereto, including as
amended hereby.
MERS:
Mortgage Electronic Registration Systems, Inc., a Delaware corporation, or
any
successor in interest thereto.
MERS
Eligible Securitized Loan:
Any
Securitized Loan that has been designated by the Servicer as recordable in
the
name of MERS, as nominee.
MERS
Securitized Loan:
Any
Securitized Loan as to which the related Mortgage, or an Assignment of Mortgage,
has been or will be recorded in the name of MERS, as nominee for the holder
from
time to time of the related Mortgage Note.
Monthly
Advance:
With
respect to each Remittance Date and each Securitized Loan, an amount equal
to
the Monthly Payment (with the interest portion of such Monthly Payment adjusted
to the Securitized Loan Remittance Rate) that was due on the Securitized
Loan,
and that was Delinquent at the close of business on the first day of the
month
in which such Remittance Date occurs, but only to the extent that such amount
is
expected, in the reasonable judgment of the Servicer, to be recoverable from
collections or other recoveries (including Liquidation Proceeds and Insurance
Proceeds) in respect of such Securitized Loan. To the extent that the Servicer
determines that any such amount is not recoverable from collections or other
recoveries in respect of such Securitized Loan, such determination shall
be
evidenced by a certificate of a Servicing Officer delivered to the Master
Servicer setting forth such determination and the procedures and considerations
of the Servicer forming the basis of such determination.
Monthly
Payment:
The
scheduled monthly payment of principal and interest on a Securitized
Loan.
Moody’s:
Xxxxx’x
Investors Service, Inc. or any successor in interest.
Mortgage:
The
mortgage, deed of trust or other instrument securing a Mortgage Note, which
creates a first or second lien on a fee simple estate in real property securing
the Mortgage Note.
Mortgage
Interest Rate:
The
annual rate of interest borne on a Mortgage Note net of any Relief Act
Reduction.
Mortgage
Note:
The
original, executed note or other evidence of the indebtedness of a Mortgagor
secured by a Mortgage.
Mortgaged
Property:
The
real property securing repayment of the debt evidenced by a Mortgage
Note.
Mortgagor:
The
obligor on a Mortgage Note.
Net
Sale Proceeds:
The
proceeds from the sale of REO Property, net of all expenses and advances
incurred by the Servicer in connection with such sale, including, without
limitation, legal fees and expenses, referral fees, brokerage commissions,
conveyance taxes and any other related expense.
NIMs
Insurer:
Any
insurer that is guaranteeing certain payments under notes secured by collateral
which includes all or a portion of the Class C Certificates and Class P
Certificates.
Non-MERS
Eligible Securitized Loan:
Any
Securitized Loan other than a MERS Eligible Securitized Loan.
Non-MERS
Securitized Loan:
Any
Securitized Loan other than a MERS Securitized Loan.
Officer’s
Certificate:
A
certificate signed by the Chairman of the Board, the President or a vice
president (however denominated), and by the Treasurer, the Secretary, or
one of
the assistant treasurers or assistant secretaries of the Servicer, the Master
Servicer or the Seller, as applicable.
Opinion
of Counsel:
A
written opinion of counsel, who may be an employee of the Servicer, reasonably
acceptable to the related Trustee, the Master Servicer, and the Seller, provided
that any Opinion of Counsel relating to qualification of the Securitized
Loans
in a REMIC or compliance with the REMIC Provisions must be an opinion of
counsel
acceptable to the related Trustee, the Master Servicer, and the Seller, who
(i)
is in fact independent of the Seller and the Servicer, (ii) does not have
any
material direct or indirect financial interest in either the Seller or the
Servicer or any affiliate of any such entity and (iii) is not connected with
either the Seller or the Servicer as an officer, employee, director or person
performing similar functions.
Pass-Through
Transfer:
The
sale or transfer by Opteum of some or all of the Securitized Loans to a
Depositor for transfer to a Trust to be formed as part of a publicly-issued
and/or privately placed, rated or unrated, mortgage pass-through transaction
or
similar transaction, in each case in which Opteum is retained as a Servicer
thereunder, with Xxxxx Fargo Bank, National Association as the Master
Servicer.
Person:
Any
individual, corporation, partnership, limited liability company, joint venture,
association, joint-stock company, trust, unincorporated organization, government
or any agency or political subdivision thereof.
PMI
Insurer:
Any
Qualified Insurer issuing a PMI Policy with respect to a Securitized
Loan.
PMI
Policy:
A
policy of primary mortgage guaranty insurance issued by a Qualified Insurer,
as
required by this Agreement and the Trust Agreement with respect to certain
Securitized Loans.
Prepayment
Charge:
With
respect to any Securitized Loan and Remittance Date, the charges or premiums,
as
specified in the Prepayment Charge Schedule, if any, due in connection with
a
full or partial prepayment of such Securitized Loan during the immediately
preceding Prepayment Period in accordance with the terms thereof (but excluding
any Servicer Prepayment Charge Payment Amount).
Prepayment
Charge Schedule:
A data
field in the schedule of Securitized Loans to be attached to the Transfer
Notice, the form of which is attached hereto as Exhibit A, which sets forth
the
amount of the Prepayment Charge and the term during which the Prepayment
Charge
is imposed with respect to a Securitized Loan.
Prepayment
Interest Excess:
With
respect to any Remittance Date, for each Mortgage Loan that was the subject
of a
Principal Prepayment during the period from the related Due Date to the end
of
the related Prepayment Period, any payment of interest received in connection
therewith (net of any applicable Servicing Fee) representing interest accrued
for any portion of such month of receipt.
Prepayment
Interest Shortfall Amount:
With
respect to any Securitized Loan that was subject to a Principal Prepayment
in
full or in part during any Due Period, which Principal Prepayment was applied
to
such Securitized Loan prior to such Securitized Loan’s Due Date in such Due
Period, the amount of interest that would have accrued on the amount of such
Principal Prepayment during the period commencing on the date as of which
such
Principal Prepayment was applied to such Securitized Loan and ending on the
day
immediately preceding such Due Date, inclusive.
Prepayment
Period:
With
respect to each Distribution Date, the calendar month preceding the month
in
which the related Distribution Date occurs with respect to prepayments in
part,
and the 16th of the calendar month immediately preceding the month in which
the
related Remittance Date occurs to the 15th calendar month in which the related
Distribution Date occurs.
Principal
Prepayment:
Any
payment by a Mortgagor of principal (other than a Balloon Payment) or other
recovery of principal on a Securitized Loan that is recognized as having
been
received or recovered in advance of its scheduled Due Date and applied to
reduce
the principal balance of the Securitized Loan in accordance with the terms
of
the Mortgage Note.
Qualified
Depository:
With
respect to each Pass-Through Transfer, any of (i) a depository the accounts
of
which are insured by the FDIC (to the limits established by such corporation)
and the debt obligations of which are rated P-1 (or its equivalent) or better
by
each Rating Agency rating the related Certificates; or (ii) the corporate
trust
department of any bank the debt obligations of which are rated A-2 (or its
equivalent) or better by each such Rating Agency.
Qualified
Insurer:
A
mortgage guaranty insurance company duly authorized and licensed where required
by law to transact mortgage guaranty insurance business and approved as an
insurer by Xxxxxxx Mac and Xxxxxx Xxx.
Qualifying
Substitute Mortgage Loan:
A
mortgage loan permitted under the terms of a Trust Agreement to be substituted
for a related Securitized Loan.
Rating
Agency:
With
respect to Certificates issued by or in connection with a Trust, any of Fitch,
Moody’s or S&P which assigns a rating to such Certificates, and their
successors. If such agencies or their successors are no longer in existence,
“Rating Agencies” shall be such nationally recognized statistical rating
agencies, or other comparable Person, designated by the Seller, written notice
of which designation shall be given to the related Trustee, the Master Servicer
and the Servicer.
Reconstitution:
Any
Securitization Transaction or Whole Loan Transfer.
Regulation
AB:
Subpart
229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time, and subject
to
such clarification and interpretation as have been provided by the Commission
in
the adopting release (Asset-Backed Securities, Securities Act Release No.
33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the
Commission, or as may be provided by the Commission or its staff from time
to
time.
Relief
Act Reduction:
With
respect to any Securitized Loan as to which there has been a reduction in
the
amount of the interest collectible thereon as a result of the application
of the
Servicemembers Civil Relief Act, any amount by which interest collectible
on
such Securitized Loan for the Due Date in the related Due Period is less
than
the interest accrued thereon for the applicable one-month period at the Mortgage
Interest Rate without giving effect to such reduction.
REMIC:
A “real
estate mortgage investment conduit” within the meaning of Section 860D of the
Code.
Remittance
Date:
The
21st day (or if such 21st day is not a Business Day, the first Business Day
immediately preceding Business Day) of any calendar month.
REO
Disposition:
The
final sale or other disposition by the Servicer of any REO
Property.
REO
Disposition Proceeds:
All
amounts received with respect to an REO Disposition pursuant to Section
3.12.
REO
Property:
A
Mortgaged Property acquired by the Servicer on behalf of the Trust through
foreclosure or by deed in lieu of foreclosure pursuant to Section 3.12
hereof.
Residual
Certificate:
Any
residual certificate or “Class R” Certificate issued under any Trust
Agreement.
Securities
Act:
The
Securities Act of 1933, as amended.
S&P:
Standard & Poor’s Rating Services, a division of The XxXxxx-Xxxx Companies,
Inc., or any successor in interest.
Securitized
Loan:
An
individual Mortgage Loan that from time to time becomes subject to this
Agreement pursuant to a Pass-Through Transfer, each Securitized Loan subject
to
this Agreement being identified on a schedule to the Transfer Notice, the
form
of which is attached as Exhibit A hereto, which Securitized Loan includes
without limitation the Securitized Loan documents, the Monthly Payments,
Principal Prepayments, Liquidation Proceeds, Condemnation Proceeds, Insurance
Proceeds, REO Disposition Proceeds, and all other rights, benefits, proceeds
and
obligations arising from or in connection with such Securitized
Loan.
Securitization
Transaction:
Any
transaction involving either (1) a sale or other transfer of some or all
of the
Mortgage Loans directly or indirectly to an issuing entity in connection
with an
issuance of publicly offered or privately placed, rated or unrated
mortgage-backed securities or (2) an issuance of publicly offered or privately
placed, rated or unrated securities, the payments on which are determined
primarily by reference to one or more portfolios of residential mortgage
loans
consisting, in whole or in part, of some or all of the Mortgage
Loans.
Securitized
Loan Remittance Rate:
With
respect to each Securitized Loan, the annual rate of interest remitted to
the
Master Servicer, which shall be equal to the Mortgage Interest Rate minus
the
Servicing Fee Rate.
Securitized
Loan Schedule:
The
schedule of Securitized Loans to be attached to the Transfer Notice, a form
of
which is attached hereto as Exhibit A, setting forth information with respect
to
such Securitized Loans as agreed to by the Seller, the Servicer and the Master
Servicer, including, but not limited to (i) any MERS identification number
(if
available) with respect to each MERS Securitized Loan or MERS Eligible
Securitized Loan, (ii) a data field indicating whether such Securitized Loan
is
insured under a PMI Policy and identifying the related Qualified Insurer,
(iii) a Prepayment Charge Schedule and (iv) the Servicing Fee
Rate.
Servicer:
Opteum
or its successor in interest or assigns or any successor to the Servicer
under
this Agreement as herein provided or as defined in Section
10.03(a)]]
Servicer
Prepayment Charge Payment Amount:
The
amount payable by the Servicer in respect of any waived Prepayment Charges
pursuant to Section 3.15 hereof.
Servicing
Advances:
All
customary, reasonable and necessary “out of pocket” costs and expenses other
than Monthly Advances (including reasonable attorneys’ fees and disbursements)
incurred in the performance by the Servicer of its servicing obligations,
including, but not limited to, the cost of (a) the preservation, inspection,
restoration and protection of the Mortgaged Property, (b) any enforcement
of
administrative or judicial proceedings, including foreclosures, (c) the
management and liquidation of the Mortgaged Property (including costs incurred
in connection with environmental inspections or other related costs of
foreclosure of Mortgaged Property potentially contaminated by hazardous or
toxic
substance or wastes in accordance with Section 3.12 hereof) if the Mortgaged
Property is acquired in satisfaction of the Mortgage, (d) taxes, assessments,
water rates, sewer rents and other charges which are or may become a lien
upon
the Mortgaged Property, and PMI Policy premiums and fire and hazard insurance
coverage and (e) any losses sustained by the Servicer with respect to the
liquidation of the Mortgaged Property.
Servicing
Criteria:
The
“servicing criteria” set forth in Item 1122(d) of Regulation AB, as such may be
amended from time to time.
Servicing
Fee:
With
respect to each Due Period and any Securitized Loan, an amount equal to
one-twelfth the product of (i) the Servicing Fee Rate and (ii) the Scheduled
Balance of such Securitized Loan as of the related Determination Date. The
obligation of the Trust to pay the Servicing Fee is limited to, and the
Servicing Fee is payable solely from, the interest portion (including recoveries
with respect to interest from Liquidation Proceeds to the extent permitted
by
Section 3.02 of this Agreement) of such Monthly Payments collected by the
Servicer, or as otherwise provided under this Agreement, and the Servicing
Fee
is subject to reduction for compensating interest under Section 4.04
hereof.
Servicing
Fee Rate:
The
servicing fee rate, stated as either a number of basis points or as a
percentage, for each Securitized Loan, as reflected in the schedule of
Securitized Loans to be attached to the Transfer Notice, the form of which
is
attached hereto as Exhibit A.
Servicing
File:
The
items pertaining to a particular Securitized Loan including, but not limited
to,
the computer files, data disks, books, records, data tapes, notes, and all
additional documents generated as a result of or utilized in originating
and/or
servicing each Securitized Loan, which are held in trust for the related
Trust
by the Servicer.
Servicing
Officer:
Any
officer of the Servicer involved in or responsible for, the administration
and
servicing of the Securitized Loans whose name appears on a list of servicing
officers furnished by the Servicer to the Master Servicer upon request, as
such
list may from time to time be amended.
Servicer
Information:
As
defined in Section 10.07(a).
Subcontractor:
Any
vendor, subcontractor or other Person that is not responsible for the overall
servicing (as “servicing” is commonly understood by participants in the
mortgage-backed securities market) of Mortgage Loans but performs one or
more
discrete functions identified in Item 1122(d) of Regulation AB with respect
to
Mortgage Loans under the direction or authority of the Servicer or a
Subservicer.
Subservicer:
Cenlar
FSB, a federal savings bank, pursuant to the Sub-Servicing Agreement, or
its
successor in interest or any Person that services Mortgage Loans on behalf
of
the Servicer or any Subservicer and is responsible for the performance (whether
directly or through Subservicers or Subcontractors) of a substantial portion
of
the material servicing functions required to be performed by the Servicer
under
this Agreement or any Reconstitution Agreement that are identified in Item
1122(d) of Regulation AB.
Sub-Servicing
Agreement:
That
certain Sub-Servicing Acknowledgment Agreement of even date with this Agreement,
by and between the Servicer and the Subservicer.
Superseded
Sub-Servicing Agreement:
That
certain Sub-Servicing Agreement, dated as of March 5, 2004, by and between
Opteum and the Subservicer.
Transfer
Notice:
The
Transfer Notice referred to in Section 2.01 hereof, in the form attached
hereto
as Exhibit A.
Trust:
The
trust established by the Trust Agreement, the assets of which consist of
the
transferred Securitized Loans and any other assets provided for in the related
Trust Agreement.
Trust
Agreement:
Any
trust agreement, pooling and servicing agreement, indenture or comparable
documents by and among some or all of the Issuer, the Master Servicer, the
Depositor and a Trustee (and which may include other parties) creating a
Trust
and/or otherwise effectuating a Pass-Through Transfer.
Trustee:
Any
trustee or trust with respect to the transferred Securitized Loans in any
Pass-Through Transfer, or
any
successor in interest, or if any successor trustee or co-trustee shall be
appointed as provided in the Trust Agreement, then such successor trustee
or
such co-trustee, as the case may be.
VA:
The
Veterans Administration, an agency of the United States of America, or any
successor thereto, including the Administration of Veterans
Affairs.
Whole
Loan Transfer:
Any
sale or transfer of some or all of the Mortgage Loans, other than a
Securitization Transaction.
Any
capitalized terms used and not defined in this Agreement shall have the meanings
ascribed to such terms in the related Trust Agreement specified in the Transfer
Notice.
ARTICLE
II.
PASS-
THROUGH TRANSFERS; SELLER’S ENGAGEMENT OF SERVICER TO PERFORM SERVICING
RESPONSIBILITIES
Section
2.01 Pass-Through
Transfers.
(a)
The
Seller and the Servicer agree that from time to time the Seller shall effect
the
sale or transfer of some or all of the Mortgage Loans to a Trust to be formed
as
part of a Pass-Through Transfer. The Servicer shall cooperate with the Seller
in
connection with any Pass-Through Transfer contemplated by the Seller pursuant
to
this Section 2.01, including without limitation providing requested information
and reports to, and otherwise cooperating with, any Credit Risk Manager.
In
connection therewith, the Servicer shall provide to the Seller and any Trustee,
Trust, Depositor, underwriter, initial purchaser, NIMs Insurer or Credit
Risk
Manager in connection with a Pass-Through Transfer, as the case may be: (i)
any
and all information and appropriate verification of information which may
be
reasonably available to the Servicer, including the Servicer's foreclosure,
delinquency experience and the Servicer's underwriting standards, whether
through letters of its auditors and counsel or otherwise, as such parties
shall
reasonably request; and (ii) such additional representations, warranties,
covenants, opinions of counsel, letters from auditors, and certificates of
public officials or officers of the Servicer as are reasonably believed
necessary by the Seller and any Trustee, Trust, Depositor, underwriter, initial
purchaser, NIMs Insurer or Credit Risk Manager, as the case may be, in
connection with such Pass-Through Transfer. The Servicer shall indemnify
the
Depositor for any material misstatements or omissions or alleged material
misstatements or omissions contained in the information provided pursuant
to
this Section 2.01(a). The Seller shall provide the Servicer with a Transfer
Notice with respect to any such Pass-Through Transfer, including a schedule
of
Mortgage Loans which have been transferred, the Effective Date of the
Pass-Through Transfer and the name and address of the related Trustee. Upon
the
Effective Date of such a Pass-Through Transfer, (A) the Servicer and the
Seller
agree that the provisions of this Agreement shall go into effect with respect
to
the Securitized Loans to which the Transfer Notice relates, and (B) the Servicer
agrees to recognize the Trustee and Trust with respect to the transferred
Mortgage Loans in the Pass-Through Transfer, or the Master Servicer acting
on
their behalf, as having the same rights under this Agreement as the Seller
with
respect to such transferred Mortgage Loans, including without limitation
the
right to terminate the Servicer under this Agreement.
Section
2.02 Contract
for Servicing; Possession of Servicing Files.
The
Seller, by execution and delivery of this Agreement, does hereby contract
with
the Servicer, subject to the terms of this Agreement, for the servicing of
the
Securitized Loans. On or before each Closing Date, the Seller shall cause
to be
delivered to the Servicer or to the Subservicer the Servicing Files with
respect
to the Securitized Loans listed in the schedule attached to the applicable
Transfer Notice. Each Servicing File delivered to the Servicer shall be held
in
trust by the Servicer for the benefit of the Trust;
provided, however,
that the
Servicer shall have no liability for any Servicing Files (or portions thereof)
not delivered by the Seller. The Servicer’s possession of any portion of the
Securitized Loan documents shall be on behalf of the Trust for the sole purpose
of facilitating servicing of the related Securitized Loan pursuant to this
Agreement, and such retention and possession by the Servicer shall be in
a
custodial capacity only. The ownership of each Mortgage Note, Mortgage, and
the
contents of the Servicing File shall be vested in the Trust and the ownership
of
all records and documents with respect to the related Securitized Loan prepared
by or which come into the possession of the Servicer shall immediately vest
in
the Trust and shall be retained and maintained, in trust, by the Servicer
on
behalf of the Trust in such custodial capacity only. The portion of each
Servicing File retained by the Servicer pursuant to this Agreement shall
be
segregated from the other books and records of the Servicer and shall be
appropriately marked to clearly reflect the ownership of the related Securitized
Loan by the Trust. The Servicer shall release from its custody the contents
of
any Servicing File retained by it only in accordance with this
Agreement.
Section
2.03 Books
and Records.
(a)
Subject
to Section 3.01(a) hereof, as soon as practicable after the Closing Date
or the
date on which a Qualifying Substitute Mortgage Loan is delivered pursuant
to a
Trust Agreement, as applicable (but in no event more than 90 days thereafter
except to the extent delays are caused by the applicable recording office),
the
Servicer, at the expense of the Seller, shall cause the Mortgage or Assignment
of Mortgage, as applicable, with respect to each related MERS Eligible
Securitized Loan, to be properly recorded in the name of MERS in the public
recording office in the applicable jurisdiction, or shall ascertain that
such
have previously been so recorded.
(b)
Subject
to Section 3.01(a) hereof, an Assignment of Mortgage in favor of the Trustee
on
behalf of the Trust shall be recorded as to each Non-MERS Securitized Loan,
unless instructions to the contrary are delivered to the Servicer, in writing,
by the Trustee, or the Servicer obtains an Opinion of Counsel that recordation
of such Assignment of Mortgage is not required. Subject to the preceding
sentence, as soon as practicable after the Closing Date (but in no event
more
than 90 days thereafter except to the extent delays are caused by the applicable
recording office), the Servicer, at the expense of the Seller, shall cause
such
related Assignment of Mortgage to be properly recorded in each public recording
office where such Non-MERS Eligible Securitized Loans are recorded, unless
the
Servicer obtains an Opinion of Counsel that recordation of such an Assignment
of
Mortgage is not required.
(c)
Additionally,
the Servicer shall prepare and execute, at the direction of the Trustee,
any
note endorsements relating to any of the related Non-MERS Securitized
Loans.
(d)
All
rights arising out of the Securitized Loans shall be vested in the related
Trust, subject to the Servicer’s right to service and administer the Securitized
Loans hereunder in accordance with the terms of this Agreement. All funds
received on or in connection with a Securitized Loan, other than the Servicing
Fee and other compensation to which the Servicer is entitled as set forth
herein, including but not limited to that compensation as set forth in Section
5.01 below, shall be received and held by the Servicer in trust for the benefit
of the related Trust pursuant to the terms of this Agreement.
(e)
Any
out-of-pocket costs incurred by the Servicer pursuant to this Section 2.03
and
Section 3.01(a), including any recording or other fees in connection with
the
Servicer’s obtaining the necessary powers of attorney (and which are specified
herein to be an expense of the Seller), shall be reimbursed to the Servicer
by
the Seller within five (5) Business Days of receipt by the Seller of an invoice
for reimbursement. The Trust shall not reimburse the Seller for any such
reimbursement to the Servicer.
ARTICLE
III.
SERVICING
OF THE SECURITIZED LOANS
Section
3.01 Servicer
to Service.
The
Servicer, as an independent contractor, shall service and administer the
Securitized Loans from and after the Closing Date and shall have full power
and
authority, acting alone, to do any and all things in connection with such
servicing and administration which the Servicer may deem necessary or desirable,
consistent with the terms of this Agreement and with Accepted Servicing
Practices. The Servicer may designate the Subservicer to perform the obligations
hereunder, provided that such designation shall not relieve the Servicer
of such
obligations.
The
Seller and the Servicer additionally agree as follows:
(a)
The
Servicer shall (A) record or cause to be recorded the Mortgage or the Assignment
of Mortgage, as applicable, with respect to all MERS Eligible Securitized
Loans,
in the name of MERS, or shall ascertain that such have previously been so
recorded; (B) prepare or cause to be prepared all Assignments of Mortgage
with
respect to all Non-MERS Eligible Securitized Loans; (C) prepare for recording
or
cause to be recorded, subject to Section 2.03(b) hereof, all Assignments
of
Mortgage with respect to Non-MERS Securitized Loans in the name of the related
Trust; (D) pay the recording costs pursuant to Section 2.03 hereof; and/or
(E)
track such Mortgages and Assignments of Mortgage to ensure they have been
recorded. The Servicer shall be entitled to be paid by the Seller its
out-of-pocket costs for the preparation and recordation of the Mortgages
and
Assignments of Mortgage. After the expenses of such recording costs pursuant
to
Section 2.03 hereof shall have been paid by the Servicer, the Servicer shall
submit to the Seller a reasonably detailed invoice for reimbursement of
recording costs it incurred hereunder.
(b)
If
applicable, the Servicer shall, in accordance with the relevant provisions
of
the Xxxxxxxx-Xxxxxxxx National Affordable Housing Act of 1990, as the same
may
be amended from time to time, and the regulations provided in accordance
with
the Real Estate Settlement Procedures Act, provide notice to the Mortgagor
of
each Securitized Loan of the transfer of the servicing thereto to the
Servicer.
(c)
The
Servicer shall be responsible for the preparation of and costs associated
with
notifications to Mortgagors of the assumption of servicing by the
Servicer.
Consistent
with the terms of this Agreement and except as provided in Section 3.15 hereof,
the Servicer may waive any late payment charge, assumption fee or other fee
(other than a Prepayment Charge) that may be collected in the ordinary course
of
servicing the Securitized Loans. The Servicer shall not make any future advances
to any Mortgagor under any Securitized Loan, and (unless the Mortgagor is
in
default with respect to the Securitized Loan or such default is, in the judgment
of the Servicer, reasonably foreseeable within the next 90 days) the Servicer
shall not permit any modification of any material term of any Securitized
Loan,
including any modification that would change the Mortgage Interest Rate,
defer
or forgive the payment of principal or interest, reduce or increase the
outstanding principal balance (except for actual payments of principal) or
change the final maturity date on such Securitized Loan. The NIMs Insurer’s
prior written consent shall be required for any modification, waiver or
amendment if the aggregate number of outstanding Securitized Loans which
have
been modified, waived or amended exceeds 5% of the number of Securitized
Loans
in the related Trust as of the Effective Date. In the event of any such
modification which permits the deferral of interest or principal payments
on any
Securitized Loan, the Servicer shall, on the Business Day immediately preceding
the Remittance Date in any month in which any such principal or interest
payment
has been deferred, make a Monthly Advance in accordance with Section 4.03,
in an
amount equal to the difference between (a) such month’s principal and one
month’s interest at the Securitized Loan Remittance Rate on the unpaid principal
balance of such Securitized Loan and (b) the amount paid by the Mortgagor.
The
Servicer shall be entitled to reimbursement for such advances to the same
extent
as for all other advances made pursuant to Section 4.03. The Servicer may
permit
modifications to a Securitized Loan, with the consent of the NIMs Insurer,
which
are authorized by the express terms of either an allonge to the related Mortgage
Note or an addendum to the related Mortgage in existence as of the Effective
Date. Without limiting the generality of the foregoing, the Servicer shall
continue, and is hereby authorized and empowered, to execute and deliver
on
behalf of itself and the related Trust, all instruments of satisfaction or
cancellation, or of partial or full release, discharge and all other comparable
instruments, with respect to the Securitized Loans and with respect to the
Mortgaged Properties. Upon the written request of the Servicer, the Trustee
shall execute and deliver to the Servicer, within the later of fifteen days
from
the Closing Date or within fifteen days of such Servicer request, any powers
of
attorney (one for each county in which any of the Mortgaged Properties are
located) and other documents, furnished to it by the Servicer and reasonably
satisfactory to the Trustee, necessary or appropriate to enable the Servicer
to
carry out its servicing and administrative duties under this
Agreement.
Notwithstanding
anything in this Agreement to the contrary, the Servicer (a) shall not permit
any modification with respect to any Mortgage Loan that would change the
Mortgage Interest Rate and (b) shall not (unless the Mortgagor is in default
with respect to the Mortgage Loan or such default is, in the judgment of
the
Servicer, reasonably foreseeable) make or permit any modification, waiver
or
amendment of any term of any Mortgage Loan that would both (i) effect an
exchange or reissuance of such Mortgage Loan under Section 1001 of the Code
(or
Treasury regulations promulgated thereunder) and (ii) cause the Trust Fund
to
fail to qualify as a REMIC under the Code or the imposition of any tax on
"prohibited transactions" or "contributions" after the startup date under
the
REMIC Provisions.
Prior
to
taking any action with respect to the Mortgage Loans which is not contemplated
under the terms of this Agreement, the Servicer will obtain an Opinion of
Counsel acceptable to the NIMs Insurer and the Trustee or the Master Servicer
on
its behalf with respect to whether such action could result in the imposition
of
a tax upon the REMIC (including but not limited to the tax on prohibited
transactions as defined in Section 860F(a)(2) of the Code and the tax on
contributions to a REMIC set forth in Section 860G(d) of the Code) (either
such
event, an "Adverse REMIC Event"), and the Servicer shall not take any such
action or cause the Trust Fund to take any such action as to which it has
been
advised that an Adverse REMIC Event could occur.
The
Servicer shall not permit the creation of any "interests" (within the meaning
of
Section 860G of the Code) in the REMIC. The Servicer shall not enter into
any
arrangement by which the REMIC will receive a fee or other compensation for
services nor permit the REMIC to receive any income from assets other than
"qualified mortgages" as defined in Section 860G(a)(3) of the Code or "permitted
investments" as defined in Section 860G(a)(5) of the Code.
Section
3.02 Collection
of Securitized Loan Payments.
Continuously
from the Closing Date until the date each Securitized Loan ceases to be subject
to this Agreement, the Servicer shall proceed diligently to collect all payments
due under each of the Securitized Loans when the same shall become due and
payable and shall take special care in ascertaining and estimating Escrow
Payments and all other charges that will become due and payable with respect
to
the Securitized Loans and each related Mortgaged Property, to the end that
the
installments payable by the Mortgagors will be sufficient to pay such charges
as
and when they become due and payable.
Section
3.03 Establishment
of and Deposits to Custodial Account.
(a)
The
Servicer shall segregate and hold all funds collected and received pursuant
to
the Securitized Loans separate and apart from any of its own funds and general
assets and shall establish and maintain for each related Trust a Custodial
Account, in the form of a time deposit or demand account, titled “Opteum
Mortgage Services, LLC in
trust
for [Name of Trust].” The Custodial Account shall be established with a
Qualified Depository. Any funds deposited in the Custodial Account may be
invested in Eligible Investments subject to the provisions of Section 3.11
hereof. Funds deposited in the Custodial Account may be drawn on by the Servicer
in accordance with Section 3.04 hereof. The creation of the Custodial Account
shall be evidenced by a letter agreement in the form of Exhibit B. A copy
of
such letter agreement shall be furnished to each Trustee, each NIMS Insurer
and
the Master Servicer. The NIMs Insurer and the Trustee shall also be notified
of
any change in the location of the Custodial Account.
(b)
The
Servicer shall deposit in the Custodial Account on a daily basis, and retain
therein, the following collections received by the Servicer and payments
made by
the Servicer after the Closing Date:
(i)
all
payments on account of principal received on the Securitized Loans, including
all Principal Prepayments;
(ii)
all
payments on account of interest received on the Securitized Loans adjusted
to
the applicable Securitized Loan Remittance Rate;
(iii)
all
Prepayment Charges received or any Servicer Prepayment Charge Payment Amounts
to
be paid by the Servicer to the related Trust;
(iv)
all
Liquidation Proceeds;
(v)
all
Insurance Proceeds (other than any amounts immediately applied to the
restoration or repair of the Mortgaged Property or immediately released to
the
Mortgagor);
(vi)
all
Condemnation Proceeds that are not applied to the restoration or repair of
the
Mortgaged Property or released to the Mortgagor;
(vii)
any
Prepayment Interest Shortfall Amount required to be paid by the Servicer
pursuant to Section 4.04;
(viii)
all
Monthly Advances made by the Servicer or an Advancing Person pursuant to
Section
4.03;
(ix)
any
amounts required to be deposited by the Servicer in connection with the
deductible clause in any blanket hazard insurance policy;
(x)
any
amounts received with respect to or related to any REO Property or REO
Disposition Proceeds;
(xi)
any
amounts required to be deposited pursuant to Section 3.11 in connection with
any
losses realized on Eligible Investments with respect to funds held in the
Custodial Account;
(xii)
any
amounts required to be deposited by the Servicer pursuant to Section 3.16(a)
in
connection with any unpaid claims that are a result of a breach by the Servicer
or any subservicer of its obligations hereunder or under a PMI
Policy;
(xiii)
any
amounts received by it under any PMI Policy; and
(xiv)
any
other
amount required hereunder to be deposited by the Servicer in the Custodial
Account.
Notwithstanding
the foregoing clause (viii), no Monthly Advances or Servicing Advances shall
be
required to be made by the Servicer if such Monthly Advance or Servicing
Advance
would, if made, be, in the Servicer’s reasonable judgment, nonrecoverable. The
determination by the Servicer that it has made a nonrecoverable Monthly Advance
or Servicing Advance, or that any proposed Monthly Advance or Servicing Advance
would be a nonrecoverable advance, shall be evidenced by an Officer’s
Certificate of the Servicer delivered to the Master Servicer and the NIMs
Insurer.
The
foregoing requirements for deposit into the Custodial Account shall be
exclusive, it being understood and agreed that, without limiting the generality
of the foregoing, payments in the nature of (i) late payment charges, penalty
interest and insufficient fund charges, (ii) assumption and modification
fees,
(iii) other Ancillary Income, (iv) Prepayment Interest Excess and (v) the
Servicing Fee need not be deposited by the Servicer into the Custodial
Account.
Any
interest paid on funds deposited in the Custodial Account by the depository
institution shall accrue to the benefit of the Servicer as additional servicing
compensation and the Servicer shall be entitled to retain and withdraw such
interest from the Custodial Account pursuant to Section 3.04 of this Agreement.
Additionally, any other benefit derived from the Custodial Account associated
with the receipt, disbursement and accumulation of principal, interest, taxes,
hazard insurance, mortgage insurance, etc. shall accrue for the benefit of
the
Servicer.
Section
3.04 Permitted
Withdrawals From Custodial Account.
The
Servicer shall, from time to time, withdraw funds from the Custodial Account
for
the following purposes:
(i)
to
make
payments to the Master Servicer in the amounts and in the manner provided
for in
Section 4.01;
(ii)
in
the
event the Servicer has elected not to retain the Servicing Fee out of any
Mortgagor payments on account of interest or other recovery of interest with
respect to a particular Securitized Loan (including late collections of interest
on such Securitized Loan, or interest portions of Insurance Proceeds,
Liquidation Proceeds or Condemnation Proceeds) prior to the deposit of such
Mortgagor payment or recovery in the Custodial Account, to pay to itself
the
related Servicing Fee from all such Mortgagor payments on account of interest
or
other such recovery for interest with respect to that Securitized
Loan;
(iii)
to
pay
itself investment earnings on funds deposited in the Custodial
Account;
(iv)
to
transfer funds to another Qualified Depository in accordance with Section
3.11
hereof;
(v)
to
invest
funds in certain Eligible Investments in accordance with Section 3.11 hereof;
(vi)
to
reimburse itself to the extent of funds held in the Custodial Account for
Monthly Advances of the Servicer’s funds made pursuant to Section 4.03. The
Servicer's right to reimburse itself pursuant to this subclause (vi) with
respect to any Securitized Loan shall be limited to amounts received on or
in
respect of the related Securitized Loan which represent late recoveries of
payments of principal or interest with respect to which a Monthly Advance
was
made, it being understood that in the case of any such reimbursement the
Servicer’s right thereto shall be prior to the rights of the related
Trust;
provided, however,
that
following the final liquidation of a Securitized Loan, the Servicer may
reimburse itself for previously unreimbursed Monthly Advances in excess of
Liquidation Proceeds or Insurance Proceeds with respect to such Securitized
Loan
from any funds in the Custodial Account relating to Securitized Loans in
the
same Trust, it being understood, in the case of any such reimbursement, that
the
Servicer’s right thereto shall be prior to the rights of the related Trust. The
Servicer may recover at any time from amounts on deposit in the Custodial
Account with respect to Securitized Loans in the same Trust the amount of
any
Monthly Advances that the Servicer deems nonrecoverable or that remain
unreimbursed to the Servicer from related Liquidation Proceeds after the
final
liquidation of the property that secures such Securitized Loan. In addition,
the
Servicer may, at any time, withdraw from the Custodial Account funds that
are
held for future distribution (i.e., were not included in the principal and
interest for the preceding Remittance Date) to reimburse itself for Monthly
Advances previously made by the Servicer;
(vii)
to
reimburse itself for unreimbursed Servicing Advances, and for any unpaid
Servicing Fees, the Servicer’s right to reimburse itself pursuant to this
subclause (vii) with respect to any Securitized Loan being limited to related
Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds, REO Disposition
Proceeds and other amounts received in respect of the related REO Property,
and
such other amounts as may be collected by the Servicer from the Mortgagor
or
otherwise relating to the Securitized Loan, it being understood that, in
the
case of any such reimbursement, the Servicer’s right thereto shall be prior to
the rights of the related Trust;
(viii)
to
reimburse the Servicer for expenses incurred by, and reimbursable to, the
Servicer pursuant to Section 6.03, but only to extent such amounts are
determined to be reimbursable by the related Trust pursuant to Section 6.03;
(ix)
to
reimburse itself for expenses incurred or reimbursable to the Servicer pursuant
to Section 3.12 from funds with respect to Securitized Loans in the same
Trust
to the extent not previously reimbursed under clause (vii) of this Section
3.04;
(x)
to
withdraw funds with respect to Securitized Loans in the same Trust necessary
for
the operation, management and maintenance of any REO related property to
the
extent not previously reimbursed under clause (vii) of this Section 3.04;
(xi)
to
withdraw any funds deposited to the Custodial Account in error;
and,
(xii)
to
clear
and terminate the Custodial Account upon the termination of this Agreement;
(xiii) to
reimburse the Trustee or the NIMs Insurer for enforcement expenses incurred
in
respect of a breach of a representation or warranty.
Section
3.05 Establishment
of and Deposits to Escrow Account.
The
Servicer shall segregate and hold all funds collected and received pursuant
to a
Securitized Loan constituting Escrow Payments separate and apart from any
of its
own funds and general assets and shall establish and maintain an Escrow Account,
in the form of a time deposit or demand account, titled “Opteum Mortgage
Services, LLC in trust for one or more Homestar Mortgage Securities Trusts.” The
Escrow Account shall be established with a Qualified Depository in a manner
that
shall provide maximum available insurance thereunder. Funds deposited in
the
Escrow Account may be drawn on by the Servicer in accordance with Section
3.06.
The creation of the Escrow Account shall be evidenced by a letter agreement
in
the form of Exhibit C. A copy of such certification or letter agreement shall
be
furnished to each Trustee and the Master Servicer.
The
Servicer shall deposit in the Escrow Account or Accounts on a daily basis,
and
retain therein:
(i)
all
Escrow Payments collected on account of the Securitized Loans, for the purpose
of effecting timely payment of any such items as required under the terms
of
this Agreement; and
(ii)
all
amounts representing Insurance Proceeds or Condemnation Proceeds that are
to be
applied to the restoration or repair of any Mortgaged Property.
The
Servicer shall make withdrawals from the Escrow Account only to effect such
payments as are required under this Agreement, as set forth in Section 3.06.
The
Servicer shall retain any interest paid on funds deposited in the Escrow
Account
by the depository institution, other than interest on escrowed funds required
by
law to be paid to the related Mortgagor. Additionally, any other benefit
derived
from the Escrow Account associated with the receipt, disbursement and
accumulation of principal, interest, taxes, hazard insurance, mortgage
insurance, etc. shall accrue to the Servicer. To the extent required by law,
the
Servicer shall pay interest on escrowed funds to the related Mortgagor
notwithstanding that the Escrow Account may be non-interest bearing or that
interest paid thereon is insufficient for such purposes.
Section
3.06 Permitted
Withdrawals From Escrow Account.
Withdrawals
from the Escrow Account or Accounts may be made by the Servicer
only:
(i)
to
effect
payments of ground rents, taxes, assessments, water rates, sewer rents, mortgage
insurance premiums, condominium charges, fire and hazard insurance premiums
or
other items constituting Escrow Payments for the related Mortgage;
(ii)
to
refund
to any related Mortgagor any funds found to be in excess of the amounts required
under the terms of the related Securitized Loan;
(iii)
as
permitted by applicable state law, for transfer to the Custodial Account
and
application to reduce the principal balance of the related Securitized Loan
in
accordance with the terms of the related Mortgage and Mortgage
Note;
(iv)
for
application to restore or repair the related Mortgaged Property in accordance
with the Master Servicing Guide;
(v)
to
pay to
the Servicer, or the related Mortgagor to the extent required by law, any
interest paid on the funds with respect to a Securitized Loan deposited in
the
Escrow Account; and
(vi)
to
reimburse itself for any Servicing Advances made with respect to Escrow Payments
for a Securitized Loan or the related Mortgaged Properties, but only from
amounts received on the related Securitized Loan which represent late
collections of Escrow Payments thereunder;
(vii)
to
withdraw any funds deposited into the Escrow Account in error; and
(viii)
to
clear
and terminate the Escrow Account on the termination of this
Agreement.
The
Servicer will be responsible for the administration of the Escrow Accounts
and
will be obligated to make Servicing Advances to the Escrow Account in respect
of
its obligations under this Section 3.06, reimbursable from the Escrow Accounts
or Custodial Account to the extent not collected from a Mortgagor, anything
to
the contrary notwithstanding, when and as necessary to avoid the lapse of
insurance coverage on the related Mortgaged Property, or which the Servicer
knows, or in the exercise of the required standard of care of the Servicer
hereunder should know, is necessary to avoid the loss of such Mortgaged Property
due to a tax sale or the foreclosure as a result of a tax lien. If any such
payment has not been made and the Servicer receives notice of a tax lien
with
respect to such Mortgaged Property being imposed, the Servicer will, within
ten
(10) Business Days of such notice, advance or cause to be advanced funds
necessary to discharge such lien on such Mortgaged Property.
Section
3.07 Restoration
of Mortgaged Property.
The
Servicer need not obtain the approval of the Master Servicer prior to releasing
any Insurance Proceeds or Condemnation Proceeds to the Mortgagor to be applied
to the restoration or repair of the related Mortgaged Property if such release
is in accordance with Accepted Servicing Practices. At a minimum, with respect
to claims of $10,000 or more, the Servicer shall comply with the following
conditions in connection with any such release of Insurance Proceeds or
Condemnation Proceeds:
(i)
the
Servicer shall receive satisfactory independent verification of completion
of
repairs and issuance of any required approvals with respect
thereto;
(ii)
the
Servicer shall take all steps necessary to preserve the priority of the lien
of
the Mortgage, including, but not limited to requiring waivers with respect
to
mechanics’ and materialmen’s liens.
(iii)
the
Servicer shall verify that the Securitized Loan is not 60 or more days
delinquent; and
(iv)
pending
repairs or restoration, the Servicer shall place the Insurance Proceeds or
Condemnation Proceeds in the Escrow Account.
With
respect to claims of less than $10,000, the Servicer shall comply with the
following conditions in connection with any such release of Insurance Proceeds
or Condemnation Proceeds:
(v)
the
related Mortgagor shall provide an affidavit verifying the completion of
repairs
and issuance of any required approvals with respect thereto;
(vi)
the
Servicer shall verify the total amount of the claim with the applicable
insurance company; and
(vii)
pending
repairs or restoration, the Servicer shall place the Insurance Proceeds or
Condemnation Proceeds in the Escrow Account.
If
the
Trustee is named as an additional loss payee, the Servicer is hereby empowered
to endorse any loss draft issued in respect of such a claim in the name of
the
related Trust.
Section
3.08 Fidelity
Bond and Errors and Omissions Insurance.
The
Servicer shall keep in force and shall cause each subservicer to keep in
force
during the term of this Agreement a Fidelity Bond and Errors and Omissions
Insurance the minimum coverage of which shall be at least equal to the coverage
required by the Master Servicer in the Master Servicing Guide (unless a waiver
of such requirement has been obtained by the Servicer from the Master Servicer
and NIMs Insurer). Such Fidelity Bond and Errors and Omissions Insurance
shall
be maintained with recognized insurers, shall be in such form and amount
as
would permit the Servicer to be qualified with the Master Servicer as a
servicer, and shall by its terms not be cancelable without thirty days’ prior
written notice to the Trustee, the NIMs Insurer and the Master Servicer.
The
Servicer and each subservicer shall be deemed to have complied with this
provision if an affiliate of the Servicer has such errors and omissions and
fidelity bond coverage and, by the terms of such insurance policy or fidelity
bond, the coverage afforded thereunder extends to the Servicer. The Servicer
shall furnish and shall cause each subservicer to furnish to the Trustee,
each
NIMs Insurer (upon reasonable request) and the Master Servicer a copy of
each
such bond and insurance policy upon their request.
Section
3.09 Notification
of Adjustments.
With
respect to each Adjustable Rate Securitized Loan, the Servicer shall adjust
the
Mortgage Interest Rate on the related interest rate adjustment date and shall
adjust the Monthly Payment on the related mortgage payment adjustment date,
if
applicable, in compliance with the requirements of applicable law and the
related Mortgage and Mortgage Note. The Servicer shall execute and deliver
any
and all necessary notices required under applicable law and the terms of
the
related Mortgage Note and Mortgage regarding the Mortgage Interest Rate and
Monthly Payment adjustments. The Servicer shall promptly, upon written request
therefor, deliver to the Master Servicer such notifications and any additional
applicable data regarding such adjustments and the methods used to calculate
and
implement such adjustments. Upon the discovery by the Servicer or the receipt
of
notice from the Master Servicer that the Servicer has failed to adjust a
Mortgage Interest Rate or Monthly Payment in accordance with the terms of
the
related Mortgage Note, the Servicer shall immediately deposit in the Custodial
Account from its own funds the amount of any interest loss or deferral caused
thereby and shall indemnify the Trust in respect of any liability as a result
of
such shortfall.
Section
3.10 Payment
of Taxes, Insurance and Other Charges.
With
respect to each Securitized Loan, the Servicer shall maintain accurate records
reflecting the status of ground rents, taxes, assessments, water rates and
other
charges which are or may become a lien upon the Mortgaged Property and the
status of fire and hazard insurance coverage and shall obtain, from time
to
time, all bills for the payment of such charges (including renewal premiums)
and
shall effect payment thereof prior to the applicable penalty or termination
date
and at a time appropriate for securing maximum discounts allowable, employing
for such purpose deposits of the Mortgagor in the Escrow Account which shall
have been estimated and accumulated by the Servicer in amounts sufficient
for
such purposes, as allowed under the terms of the Mortgage or applicable
regulations. The Servicer assumes full responsibility for the payment of
all
such bills and shall effect payments of all such bills irrespective of the
Mortgagor’s faithful performance in the payment of same or the making of the
Escrow Payments and shall make advances from its own funds to effect such
payments. The Servicer shall employ Accepted Servicing Practices to ensure
that
the related Mortgaged Property is not subjected to a tax lien as a result
of
nonpayment and that such Mortgaged Property is not left uninsured.
Section
3.11 Protection
of Accounts.
The
Servicer may transfer the Custodial Account or the Escrow Account to a different
Qualified Depository from time to time. The Servicer shall give written notice
to the Trustee and the NIMs Insurer and the Master Servicer of the location
of
the Custodial Account maintained by it with respect to the Securitized Loans
when established and prior to any change thereof.
The
Servicer shall bear any expenses, losses or damages sustained by the Trustee
or
the Master Servicer if the Custodial Account and/or the Escrow Account are
not
demand deposit accounts.
Amounts
on deposit in the Custodial Account and the Escrow Account may at the option
of
the Servicer be invested in Eligible Investments; provided that in the event
that amounts on deposit in the Custodial Account or the Escrow Account exceed
the amount fully insured by the FDIC (the “Insured Amount”), the Servicer shall
be obligated to invest the excess amount over the Insured Amount in Eligible
Investments on the same Business Day as such excess amount becomes present
in
the Custodial Account or the Escrow Account. Any such Eligible Investment
shall
mature no later than the Business Day immediately preceding the related
Remittance Date or other date on which funds are needed to be disbursed.
Any
such Eligible Investment shall be made in the name of the Servicer in trust
for
the benefit of one or more Homestar Mortgage Securities Trusts, as their
interests may appear. All income on or gain realized from any such Eligible
Investment shall be for the benefit of the Servicer and may be withdrawn
at any
time by the Servicer. Any losses incurred in respect of any such investment
shall be deposited in the Custodial Account or the Escrow Account by the
Servicer out of its own funds immediately as realized.
Section
3.12 Title,
Management and Disposition of REO Property.
In
the
event that title to any Mortgaged Property is acquired in foreclosure or
by deed
in lieu of foreclosure, the deed or certificate of sale shall be taken in
the
name of the related Trust, or in the event the related Trust is not authorized
or permitted to hold title to real property in the state where the REO Property
is located, or would be adversely affected under the “doing business” or tax
laws of such state by so holding title, the deed or certificate of sale shall
be
taken in the name of such Person or Persons as shall be consistent with an
Opinion of Counsel obtained by the Servicer from any attorney duly licensed
to
practice law in the state where the REO Property is located. The Person or
Persons holding such title other than the related Trust shall acknowledge
in
writing that such title is being held as nominee for the related
Trust.
The
Servicer shall manage, conserve, protect and operate each REO Property for
the
related Trust solely for the purpose of its prompt disposition and sale.
The
Servicer, either itself or through an agent selected by the Servicer, shall
manage, conserve, protect and operate such REO Property in the same manner
that
it manages, conserves, protects and operates other foreclosed property for
its
own account, and in the same manner that similar property in the same locality
as the REO Property is managed. The Servicer shall attempt to sell the same
(and
may temporarily rent the same for a period not greater than one year, except
as
otherwise provided below) on such terms and conditions as the Servicer deems
to
be in the best interest of the related Trust.
Notwithstanding
anything to the contrary contained in this Section 3.12, in connection with
a
foreclosure or acceptance of a deed in lieu of foreclosure, in the event
the
Servicer has reasonable cause to believe that a Mortgaged Property is
contaminated by hazardous or toxic substances or wastes, or if the Master
Servicer otherwise requests, an environmental inspection or review of such
Mortgaged Property to be conducted by a qualified inspector shall be arranged
by
the Servicer. Upon completion of the inspection, the Servicer shall provide
the
Master Servicer and the NIMs Insurer with a written report of such environmental
inspection. In the event that the environmental inspection report indicates
that
the Mortgaged Property is contaminated by hazardous or toxic substances or
wastes, the Servicer shall not proceed with foreclosure or acceptance of
a deed
in lieu of foreclosure. In the event that the environmental inspection report
is
inconclusive as to the whether or not the Mortgaged Property is contaminated
by
hazardous or toxic substances or wastes, the Servicer shall not, without
the
prior written approval of the Master Servicer and the NIMs Insurer, proceed
with
foreclosure or acceptance of a deed in lieu of foreclosure. The Servicer
shall
be reimbursed for all Servicing Advances made pursuant to this paragraph
with
respect to the related Mortgaged Property from the amounts on deposit in
the
Custodial Account with respect to Securitized Loans in the same
Trust.
In
the
event that a Trust which has made one or more REMIC elections acquires any
REO
Property in connection with a default or imminent default on a Securitized
Loan,
the Servicer shall dispose of such REO Property not later than the end of
the
third taxable year after the year of its acquisition by the related Trust
unless
the Servicer has applied for and received a grant of extension from the Internal
Revenue Service (and provides a copy of the same to the Master Servicer)
to the
effect that, under the REMIC Provisions and any relevant proposed legislation
and under applicable state law, a REMIC elected by such Trust may hold REO
Property for a longer period without adversely affecting the REMIC status
of
such REMIC or causing the imposition of a federal or state tax upon such
REMIC.
If the Servicer has received such an extension (and provided a copy of the
same
to the Master Servicer), then the Servicer shall continue to attempt to sell
the
REO Property for its fair market value for such period longer than three
years
as such extension permits (the “Extended Period”). If the Servicer has not
received such an extension, and the Servicer is unable to sell the REO Property
within the period ending 3 months before the end of such third taxable year
after its acquisition by the related Trust or if the Servicer has received
such
an extension, and the Servicer is unable to sell the REO Property within
the
period ending three months before the close of the Extended Period, the Servicer
shall, before the end of the three-year period or the Extended Period, as
applicable, (i) purchase such REO Property at a price equal to the REO
Property’s fair market value or (ii) auction the REO Property to the highest
bidder (which may be the Servicer) in an auction reasonably designed to produce
a fair price prior to the expiration of the three-year period or the Extended
Period, as the case may be. The related Trustee shall sign any document or
take
any other action reasonably requested by the Servicer which would enable
the
Servicer, on behalf of the related Trust, to request such grant of
extension.
Notwithstanding
any other provisions of this Agreement, no REO Property acquired by a Trust
shall be rented (or allowed to continue to be rented) or otherwise used by
or on
behalf of such Trust in such a manner or pursuant to any terms that would:
(i)
cause such REO Property to fail to qualify as “foreclosure property” within the
meaning of Section 860G(a)(8) of the Code; or (ii) subject any REMIC elected
by
such Trust to the imposition of any federal income taxes on the income earned
from such REO Property, including any taxes imposed by reason of Sections
860F
or 860G(c) of the Code, unless the Servicer has agreed to indemnify and hold
harmless such Trust with respect to the imposition of any such
taxes.
The
Servicer shall also maintain on each REO Property hazard insurance with extended
coverage in an amount which is at least equal to the lesser of (i) the maximum
insurable value of the improvements which are a part of such property and
(ii)
the outstanding Principal Balance of the Securitized Loan at the time it
becomes
REO Property, to the extent required and available under the Flood Disaster
Protection Act of 1973, as amended, flood insurance in the amount required
above.
The
disposition of REO Property shall be carried out by the Servicer at such
price,
and upon such terms and conditions, as the Servicer deems to be in the best
interests of the related Trust. The proceeds of sale of the REO Property
shall
be promptly deposited in the Custodial Account. After the expenses of such
disposition shall have been paid, the Servicer shall reimburse itself pursuant
to Section 3.04 hereof for any Servicing Advances it incurred with respect
to
such REO Property.
The
Servicer shall withdraw from the amounts on deposit in the Custodial Account
with respect to Securitized Loans in the same Trust funds necessary for the
proper operation, management and maintenance of the REO Property, including
the
cost of maintaining any hazard insurance pursuant to the Master Servicing
Guide.
The Servicer shall make monthly distributions on each Remittance Date to
the
Trustee of the net cash flow from the REO Property (which shall equal the
revenues from such REO Property net of the expenses described in this Section
3.12 and of any reserves reasonably required from time to time to be maintained
to satisfy anticipated liabilities for such expenses).
Section
3.13 Real
Estate Owned Reports.
Together
with the statement furnished pursuant to Section 4.02, the Servicer shall
furnish by electronic transmission to the Master Servicer and the NIMs Insurer
on or before the Remittance Date each month a statement with respect to any
REO
Property covering the operation of such REO Property for the previous month
and
the Servicer’s efforts in connection with the sale of such REO Property and any
rental of such REO Property incidental to the sale thereof for the previous
month. That statement shall be accompanied by such other information as the
Master Servicer shall reasonably request.
Section
3.14 MERS.
(a)
The
Servicer shall take such actions as are necessary to cause the related Trust
to
be clearly identified as the owner of each MERS Securitized Loan on the records
of MERS for purposes of the system of recording transfers of beneficial
ownership of mortgages maintained by MERS.
(b)
The
Servicer shall maintain in good standing its membership in MERS. In addition,
the Servicer shall comply with all rules, policies and procedures of MERS,
including the Rules of Membership, as amended, and the MERS Procedures Manual,
as amended.
(c)
With
respect to all MERS Securitized Loans serviced hereunder, the Servicer shall
promptly notify MERS as to any transfer of beneficial ownership or release
of
any security interest in such Securitized Loans.
(d)
With
respect to all MERS Securitized Loans serviced hereunder, the Servicer shall
notify MERS as to any transfer of servicing pursuant to Section 9.01 within
10
Business Days of such transfer of servicing. The Servicer shall cooperate
with
each Trustee and any successor servicer to the extent necessary to ensure
that
such transfer of servicing is appropriately reflected on the MERS
system.
Section
3.15 Waiver
of Prepayment Penalties.
Except
as
provided below, the Servicer or any designee of the Servicer shall not waive
any
Prepayment Charge with respect to any Securitized Loan. If the Servicer or
its
designee fails to collect a Prepayment Charge at the time of the related
prepayment of any Securitized Loan subject to such Prepayment Charge, the
Servicer shall pay to the Trust at such time (by deposit to the Custodial
Account) an amount equal to the amount of the Prepayment Charge not collected.
The Seller warrants that the schedule of Prepayment Charges listed in each
Transfer Notice shall be complete, true and accurate and may be relied on
by the
Servicer in its calculation of Prepayment Charges. Notwithstanding the above,
the Servicer or its designee may waive a Prepayment Charge only if (i) the
related prepayment is not the result of a refinancing by the Servicer or
its
designee, (ii) such waiver relates to a defaulted Securitized Loan or a
reasonably foreseeable default, (iii) such waiver is standard and customary
in
servicing similar mortgage loans to the Securitized Loans, and (iv) such
waiver,
in the reasonable judgment of the Servicer, would maximize recovery of total
proceeds from the Securitized Loan, taking into account the amount of such
Prepayment Charge and the related Securitized Loan. If a Prepayment Charge
is
waived as permitted by meeting the standards described above, then the Servicer
is required to pay the amount of such waived Prepayment Charge, for the benefit
of the holders of the Class P Certificates (as defined in the related Trust
Agreement), by depositing such amount into the Custodial Account together
with
and at the time that the amount prepaid on the related Securitized Loan is
required to be deposited into the Custodial Account.
Within
90
days of the earlier of discovery by the Servicer or receipt of notice by
the
Servicer of the breach of the representation or covenant of the Servicer
set
forth in this Section 3.15 which materially and adversely affects the interests
of the Holders of the Class P Certificates in any Prepayment Charge, the
Servicer shall remedy such breach as follows: if any of the covenants made
by
the Servicer in this Section 3.15 is breached, the Servicer must pay the
amount
of such waived Prepayment Charge, for the benefit of the Holders of the Class
P
Certificates, by depositing such amount into the Custodial Account.
Section
3.16 Servicing
and Administration of PMI Policies.
(a)
The
Servicer shall take all such actions on behalf of the Trustee as are necessary
to service, maintain and administer PMI Policies and to perform and enforce
the
rights under such Policies for the benefit of the related Trust. Except as
expressly set forth herein, the Servicer shall have full authority on behalf
of
the related Trust to do anything it reasonably deems appropriate or desirable
in
connection with the servicing, maintenance and administration of the PMI
Policies. The Servicer shall not take, or permit any subservicer to modify
or
assume a Securitized Loan covered by a PMI Policy or take any other action
with
respect to such Securitized Loan which would result in non-coverage under
any
PMI Policy of any loss which, but for the actions of the Servicer or the
Subservicer, would have been covered thereunder. If a PMI Insurer fails to
pay a
claim under a PMI Policy as a result of breach by the Servicer or a subservicer
of its obligations hereunder or under a PMI Policy, the Servicer shall be
required to deposit in the Custodial Account on or prior to the next succeeding
Remittance Date an amount equal to such unpaid claim from its own funds without
any right to reimbursement from the related Trust. To the extent coverage
is
available, the Servicer shall keep or cause to be kept in full force and
effect
the Insurance Policies for as long as any Certificates issued by the related
Trust are outstanding. The Servicer shall cooperate with each PMI Insurer
and
shall use its best efforts to furnish all reasonable aid, evidence and
information in the possession of the Servicer to which the Servicer has access
with respect to any Securitized Loan;
provided, however,
notwithstanding anything to the contrary contained in a PMI Policy, the Servicer
shall not be required to submit any reports to a PMI Insurer until a reporting
date that is at least 15 days after the Servicer has received sufficient
loan
level information from the Seller to appropriately code its servicing system
in
accordance with such PMI Insurer’s requirements.
(b)
The
Servicer shall deposit into the Custodial Account pursuant to Section 3.03(xiii)
hereof all Insurance Proceeds received from the PMI Insurer under the terms
of a
PMI Policy.
(c)
Notwithstanding
the provisions of (a) and (b) above, the Servicer shall not take any action in
regard to any PMI Policy inconsistent with the interests of the related Trust
or
the related Certificateholders or with the rights and interests of the related
Trust or the related Certificateholders under this Agreement.
(d)
The
related Trustee shall furnish the Servicer with any powers of attorney and
other
documents (within fifteen (15) days upon request from the Servicer) in form
as
provided to it necessary or appropriate to enable the Servicer to service
and
administer any PMI Policy;
provided, however,
that the
related Trustee shall not be liable for the actions of the Servicer under
such
powers of attorney.
Section
3.17 Maintenance
of Hazard Insurance.
The
Servicer shall cause to be maintained for each Securitized Loan hazard insurance
such that all buildings upon the related Mortgaged Property are insured by
a
generally acceptable insurer against loss by fire, hazards of extended coverage
and such other hazards as are customary in the area where such Mortgaged
Property is located in an amount which is at least equal to the lesser of
(i) the current principal balance of such Securitized Loan and
(ii) the amount necessary to fully compensate for any damage or loss to the
improvements that are a part of such property on a replacement cost basis,
in
each case in an amount not less than the amount as is necessary to avoid
the
application of any co-insurance clause contained in the related hazard insurance
policy.
Any
payments by the Servicer for hazard insurance, other than as set forth in
the
last paragraph of this Section 3.17, shall be deemed Servicing Advances,
reimbursable in accordance with Section 3.04(vii) or (x), to the extent not
collected from the related Mortgagor. The Servicer will comply in the
performance of this Agreement with all reasonable rules and requirements
of each
insurer under any such hazard policies. Any amounts to be collected by the
Servicer under any such policies (other than amounts to be applied to the
restoration or repair of the property or amounts to be released to the Mortgagor
subject to the terms and conditions of the related Mortgage and Mortgage
Note)
shall be deposited in the Custodial Account, subject to withdrawal pursuant
to
Section 3.04, if received in respect of a Securitized Loan. Any cost incurred
by
the Servicer in maintaining any such insurance shall not, for the purpose
of
calculating distributions to Certificateholders, be added to the unpaid
principal balance of the related Securitized Loan, notwithstanding that the
terms of such Securitized Loan so permit. It is understood and agreed that
no
earthquake or other additional insurance is to be required of any Mortgagor
other than pursuant to such applicable laws and regulations as shall at any
time
be in force and as shall require such additional insurance. If a Mortgaged
Property or REO Property is at any time in an area identified in the Federal
Register by the Federal Emergency Management Agency as having special flood
hazards and flood insurance has been made available, the Servicer will cause
to
be maintained a flood insurance policy in respect thereof. Such flood insurance
shall be in an amount equal to the lesser of (i) the unpaid principal
balance of the related Securitized Loan and (ii) the maximum amount of such
insurance available for the related Mortgaged Property under the national
flood
insurance program (assuming that the area in which such Mortgaged Property
is
located is participating in such program).
In
the
event that the Servicer or the Subservicer shall obtain and maintain a blanket
policy with an insurer having a General Policy Rating of B:III or better
in
Best’s Key Rating Guide (or such other rating that is comparable to such rating)
insuring against hazard losses on all of the Securitized Loans in a Trust,
it
shall conclusively be deemed to have satisfied its obligations as set forth
in
the first two sentences of this Section 3.17 with respect to the Securitized
Loans in such Trust, it being understood and agreed that such policy may
contain
a deductible clause, in which case the Servicer shall, in the event that
there
shall not have been maintained on the related Mortgaged Property or REO Property
a policy complying with the first two sentences of this Section 3.17, and
there
shall have been one or more losses which would have been covered by such
policy,
deposit to the Custodial Account from its own funds without right of
reimbursement the amount not otherwise payable under the blanket policy because
of such deductible clause for the benefit of the related Trust. In connection
with its activities as administrator and servicer of the Securitized Loans,
the
Servicer agrees to prepare and present, on behalf of itself, the Trust and
the
Certificateholders, claims under any such blanket policy in a timely fashion
in
accordance with the terms of such policy. Copies of such claims shall be
provided to the NIMs Insurer.
Section
3.18 Realization
Upon Defaulted Securitized Loans.
(a)
The
Servicer shall use its best efforts and, consistent with Accepted Servicing
Practices, foreclose upon or otherwise comparably convert the ownership of
properties securing such of the Securitized Loans (including selling any
such
Securitized Loans other than converting the ownership of the related properties)
as come into and continue in default and as to which no satisfactory
arrangements can be made for collection of delinquent payments. The Servicer
shall be responsible for all costs and expenses incurred by it in any such
proceedings;
provided, however,
that
such costs and expenses will be recoverable as Servicing Advances by the
Servicer as contemplated in Section 3.04. The foregoing is subject to the
provision that, in any case in which a Mortgaged Property shall have suffered
damage from an uninsured cause, the Servicer shall not be required to expend
its
own funds toward the restoration of such Mortgaged Property unless it has
determined that such restoration will increase the proceeds of liquidation
of
the property that secures such Securitized Loan after reimbursement to itself
for such expenses. In instituting foreclosures or other similar proceedings,
the
Servicer shall institute such proceedings in its own name on behalf of the
related Trust, unless otherwise required by applicable law or otherwise
appropriate.
(b)
[Reserved]
(c)
Proceeds
received in connection with any Final Recovery Determination, as well as
any
recovery resulting from a partial collection of Insurance Proceeds, Liquidation
Proceeds or Condemnation Proceeds, in respect of any Securitized Loan, will
be
applied in the following order of priority: first,
to
unpaid Servicing Fees; second,
to
reimburse the Servicer or any subservicer for any related unreimbursed Servicing
Advances and Monthly Advances pursuant to Section 3.04; third,
to
accrued and unpaid interest on the Securitized Loan, to the date of the Final
Recovery Determination, or to the Due Date prior to the Remittance Date on
which
such amounts are to be remitted to the Master Servicer if not in connection
with
a Final Recovery Determination; and fourth, as a recovery of principal of
the
Securitized Loan. The portion of the recovery so allocated to any unpaid
Servicing Fee shall be reimbursed to the Servicer or any subservicer pursuant
to
Section 3.04.
Section
3.19 Enforcement
of Due-On-Sale Clauses; Assumption Agreement.
The
Servicer will, to the extent it has knowledge of any conveyance or prospective
conveyance of any Mortgaged Property by any Mortgagor (whether by absolute
conveyance or contract of sale, and whether or not the Mortgagor remains
or is
to remain liable under the Mortgage Note and/or the Mortgage), exercise its
rights to accelerate the maturity of such Securitized Loan under the
"due-on-sale" clause, if any, applicable thereto;
provided, however, that
the
Servicer shall not be required to take such action if in its sole business
judgment the Servicer believes it is not in the best interests of the related
Trust and shall not exercise any such rights if prohibited by law from doing
so.
If the Servicer reasonably believes it is unable under applicable law to
enforce
such "due-on-sale" clause, or if any of the other conditions set forth in
the
proviso to the preceding sentence apply, the Servicer will enter into an
assumption and modification agreement from or with the person to whom such
property has been conveyed or is proposed to be conveyed, pursuant to which
such
person becomes liable under the Mortgage Note and, to the extent permitted
by
applicable state law, the Mortgagor remains liable thereon. The Servicer
is also
authorized to enter into a substitution of liability agreement with such
person,
pursuant to which the original Mortgagor is released from liability and such
person is substituted as the Mortgagor and becomes liable under the Mortgage
Note, provided that no such substitution shall be effective unless such person
satisfies the underwriting criteria of the Servicer and has a credit risk
rating
at least equal to that of the original Mortgagor. In connection with any
assumption or substitution, the Servicer shall apply such underwriting standards
and follow such practices and procedures as shall be normal and usual in
its
general mortgage servicing activities and as it applies to other mortgage
loans
owned solely by it. The Servicer shall not take or enter into any assumption
and
modification agreement, however, unless (to the extent practicable in the
circumstances) it shall have received confirmation, in writing, of the continued
effectiveness of any applicable hazard insurance policy. Any fee collected
by
the Servicer in respect of an assumption, modification or substitution of
liability agreement shall be retained by the Servicer as additional servicing
compensation. In connection with any such assumption, no material term of
the
Mortgage Note (including but not limited to the related Mortgage Interest
Rate
and the amount of the Monthly Payment) may be amended or modified, except
as
otherwise required pursuant to the terms thereof. The Servicer shall notify
the
related Trustee that any such substitution, modification or assumption agreement
has been completed by the Servicer, and the Servicer shall deliver to the
Custodian the executed original of such substitution, modification or assumption
agreement, which document shall be added to the related Mortgage File and
shall,
for all purposes, be considered a part of such Mortgage File to the same
extent
as all other documents and instruments constituting a part thereof, and the
Servicer shall also deliver to the Trustee a copy of the executed substitution,
modification or assumption agreement.
Notwithstanding
the foregoing paragraph or any other provision of this Agreement, the Servicer
shall not be deemed to be in default, breach or any other violation of its
obligations hereunder by reason of any assumption of a Securitized Loan by
operation of law or by the terms of the Mortgage Note or any assumption which
the Servicer may be restricted by law from preventing, for any reason whatever.
For purposes of this Section 3.19, the term "assumption" is deemed to also
include a sale (of the Mortgaged Property) subject to the Mortgage that is
not
accompanied by an assumption or substitution of liability agreement.
Section
3.20 Credit
Risk Manager.
The
Servicer acknowledges and agrees that, under any Trust Agreement, a Credit
Risk
Manager may be required to provide certain credit risk management services
as
provided therein. If so, the Servicer hereby agrees to cooperate with the
Credit
Risk Manager in connection with all reasonable requests made by the Credit
Risk
Manager, including, without limitation, promptly providing copies of any
servicing reports and remittance advices required under this Agreement to
the
Credit Risk Manager.
Section
3.21 Compliance
with Applicable Laws.
All
requirements of any federal, state or local law (including usury, truth in
lending, real estate settlement procedures, consumer credit protection, equal
credit opportunity, disclosure or recording, predatory and abusive lending
laws)
applicable to the servicing of the Mortgage Loans will be complied with by
the
Servicer in all material respects.
Section
3.22 Actions
Requiring Prior Approval of the Master Servicer.
Notwithstanding
anything in this Agreement to the contrary, including without limitation
the
sections of the Agreement referenced in this Section 3.22, with respect to
the
following items, in no case shall the Servicer take any such action or determine
or agree to any such item without receiving prior written (or electronic
mail)
approval from the Master Servicer:
(i)
Any
modification of the terms of any Securitized Loan, including without limitation
pursuant to Section 3.01 of the Agreement;
(ii)
Any
pre-foreclosure sale of Mortgaged Property securing any Securitized Loan,
including without limitation the sale of a Distressed Securitized Loan pursuant
to Section 3.18(b);
(iii)
Any
acceptance of a deed-in-lieu of foreclosure for any Mortgaged Property securing
a Securitized Loan;
(iv)
With
respect to the sale or foreclosure of any Mortgaged Property securing a
Securitized Loan, any write-off of amounts thereafter remaining due in
connection with such Securitized Loan;
(v)
With
respect to any Mortgage Note related to a Securitized Loan and the Monthly
Payments due thereunder, any proposed plan of forbearance or modified repayment
the term of which is greater than six months, including without limitation
pursuant to Section 3.01 of the Agreement;
(vi)
Any
bankruptcy-related adjustment or payment reduction with respect to any
Securitized Loan;
(vii)
The
price
at which any REO Property acquired by the Servicer on behalf of the Trust
is
proposed to be listed for sale;
(viii)
The
price
at which any REO Property acquired by the Servicer on behalf of the Trust
is to
be sold to a prospective purchaser pursuant to Section 3.12 of the
Agreement;
(ix)
With
respect to any REO Property acquired by the Servicer on behalf of the Trust,
any
maintenance or repairs thereto the cost of which is greater than $5,000.00;
and
(x)
With
respect to any litigation undertaken by the Servicer and reimbursable from
the
Trust, the amount of any expenses to be incurred in pursuing such action,
and
the amount and terms of any proposed settlement thereof.
ARTICLE
IV.
PAYMENTS
TO MASTER
SERVICER
Section
4.01 Remittances.
On
each
Remittance Date, no later than 3:00 p.m. New York City time, the Servicer
shall
remit on a scheduled/scheduled basis by wire transfer of immediately available
funds to the Master Servicer (a) all amounts deposited in the Custodial Account
as of the close of business on the Determination Date (net of charges against
or
withdrawals from the Custodial Account pursuant to Section 3.04), plus (b)
all
Monthly Advances, if any, which the Servicer or other Advancing Person is
obligated to make pursuant to Section 4.03, minus (c) any amounts attributable
to Principal Prepayments, Liquidation Proceeds, Insurance Proceeds, Condemnation
Proceeds or REO Disposition Proceeds received after the applicable Prepayment
Period, which amounts shall be remitted on the following Remittance Date,
together with any additional interest required to be deposited in the Custodial
Account in connection with such Principal Prepayment in accordance with Section
3.03 (iii) and (vii), and minus (d)
any
amounts attributable to Monthly Payments collected but due on a Due Date
or Due
Dates subsequent to the first day of the month in which such Remittance Date
occurs, which amounts shall be remitted on the Remittance Date next succeeding
the Due Date related to such Monthly Payment.
With
respect to any remittance received by the Master Servicer after the Business
Day
on which such payment was due, the Servicer shall pay to the Master Servicer
interest on any such late payment at an annual rate equal to LIBOR, adjusted
as
of the date of each change, plus four (4) percentage points, but in no event
greater than the maximum amount permitted by applicable law. Such interest
shall
be deposited in the Custodial Account by the Servicer on the date such late
payment is made and shall cover the period commencing with the day following
the
Remittance Date and ending with the Business Day on which such payment is
made,
both inclusive. Such interest shall be remitted along with the distribution
payable on the next succeeding Remittance Date. The payment by the Servicer
of
any such interest shall not be deemed an extension of time for payment or
a
waiver of any Event of Default by the Master Servicer or any applicable
Trustee.
All
remittances required to be made to the Master Servicer shall be made on a
scheduled/scheduled basis to the wire account as specified by the Master
Servicer in any assignment assumption and recognition agreement in the related
Securitization Transaction.
Section
4.02 Statements
to Master Servicer.
Not
later
than the 10th
calendar
day of each month (or if such calendar day is not a Business Day, the
immediately succeeding Business Day), the Servicer shall furnish to the Master
Servicer and the NIMs Insurer with respect to each related Trust, or as the
Servicer and the Master Servicer may otherwise agree (a) a monthly remittance
advice in the format set forth as Exhibit D hereto with regard to monthly
loan
remittance data, a delinquency report set forth as Exhibit E with regard
to
default mortgage loans and a realized loss report in the format set forth
as
Exhibit F with regard to realized losses or gains for the period ending on
the
first day of such calendar month (i.e., the Due Period) and (b) all such
information required pursuant to clause (a) above in an electronic file or
other
similar media reasonably acceptable to the Master Servicer. The Servicer
shall
also furnish to the Master Servicer and the NIMs Insurer (in such format
mutually agreed to by the Servicer and the Master Servicer) a monthly report
detailing loan level Prepayment Charges collected and/or waived by the Servicer
in accordance with Section 3.15.
Not
later
than the 18th calendar day of each month (or if such calendar day is not
a
Business Day, the immediately succeeding Business Day), the Servicer shall
furnish to the Master Servicer and the NIMs Insurer with respect to each
related
Trust, or as the Servicer and the Master Servicer may otherwise agree (a)
a
Prepayment in Full report with regard to Prepayments in Full. in an electronic
file or other similar media reasonably acceptable to the Master
Servicer.
Such
monthly remittance advice shall also be accompanied with a supplemental report
provided to the Master Servicer which includes on an aggregate basis for
the
previous Due Period (i) the amount of claims filed, (ii) the amount of any
claim
payments made, (iii) the amount of claims denied or curtailed and (iv) policies
cancelled with respect to those Securitized Loans covered by any PMI Policy
or
any other provider of primary mortgage insurance purchased by the Trust.
Notwithstanding anything to the contrary contained in a PMI Policy, the Servicer
shall not be required to submit any supplemental reports including the foregoing
data with respect to a PMI Policy until a reporting date that is at least
15
days after the Servicer has received sufficient loan level information from
the
Seller to appropriately code its servicing system in accordance with
requirements.
In
addition, not more than 60 days after the end of each calendar year, commencing
December 31, 2004, the Servicer shall provide (as such information becomes
reasonably available to the Servicer) to the Master Servicer such information
concerning the Securitized Loans and annual remittances to the Master Servicer
with respect to the Securitized Loans in each Trust as is necessary for each
Certificateholder and the NIMs Insurer to prepare its federal income tax
return.
Such obligation of the Servicer shall be deemed to have been satisfied to
the
extent that substantially comparable information shall be provided by the
Servicer to the Master Servicer and pursuant to any requirements of the Code
as
from time to time are in force.
Beginning
with calendar year 2004, the Servicer shall provide the Master Servicer and
each
Trustee with such information concerning the related Securitized Loans as
is
necessary for such Trustee to prepare the related Trust’s federal income tax
return and for any investor in the related Certificates to prepare any required
tax return.
Section
4.03 Monthly
Advances by Servicer.
On
the
Business Day immediately preceding each Remittance Date, the Servicer shall
deposit in the Custodial Account from its own funds or from amounts held
for
future distribution, or both, an amount equal to the aggregate of all Monthly
Advances relating to Monthly Payments which were due on the Securitized Loans
during the applicable Due Period and which were delinquent at the close of
business on the immediately preceding Determination Date. For purposes of
the
preceding sentence, the Monthly Payment on each Balloon Securitized Loan
with a
delinquent Balloon Payment is equal to the assumed monthly payment that would
have been due on the related Due Date based on the original principal
amortization schedule for the such Balloon Securitized Loan. Any amounts
held
for future distribution and so used shall be replaced by the Servicer by
deposit
in the Custodial Account on or before any future Remittance Date if funds
in the
Custodial Account on such Remittance Date shall be less than remittances
to the
Master Servicer required to be made on such Remittance Date. The Servicer
shall
keep appropriate records of such amounts and will provide such records to
the
Master Servicer upon request. No provision in this Agreement shall be construed
as limiting the Servicer’s right to (i) pass through late collections on the
related Securitized Loans in lieu of making Monthly Advances (ii) reimburse
itself for such Monthly Advances from late collections on the related
Securitized Loans or (iii) utilize an Advancing Person (as defined
below).
The
Servicer's obligation to make such Monthly Advances as to any Mortgage Loan
will
continue through the last Monthly Payment due prior to the payment in full
of
the Mortgage Loan, or through the last Remittance Date prior to the Remittance
Date for the distribution of all Liquidation Proceeds and other payments
or
recoveries (including REO Disposition Proceeds, Insurance Proceeds and
Condemnation Proceeds) with respect to the Mortgage Loan; provided, however,
that such obligation shall cease if the Servicer determines, in its sole
reasonable opinion, that advances with respect to such Mortgage Loan are
non-recoverable by the Servicer from Liquidation Proceeds, Insurance Proceeds,
Condemnation Proceeds, or otherwise with respect to a particular Mortgage
Loan.
The
Servicer, with the consent of the NIMs Insurer, may enter into a facility
with
any person including the Subservicer which provides that such person (an
“Advancing Person”) may fund Monthly Advances required under this Section 4.03
and/or Servicing Advances, although no such facility shall reduce or otherwise
affect the Servicer’s obligation to fund such Monthly Advances and/or Servicing
Advances. Any Monthly Advances and/or Servicing Advances made by an Advancing
Person shall be reimbursed to the Advancing Person in the same manner as
reimbursements would be made to the Servicer under Section 3.04 if such Monthly
Advances or Servicing Advance were funded by the Servicer.
Section
4.04 Compensating
Interest.
The
Servicer shall be required to deposit in the Custodial Account, and retain
therein with respect to each Principal Prepayment, the Prepayment Interest
Shortfall Amount, if any, for the related Due Period. Such deposit shall
be made
from the Servicer’s own funds, without reimbursement therefor, up to an amount
equal to the lesser of with respect to the Securitized Loans in each Trust
(i)
the Prepayment Interest Shortfall Amount or (ii) the Servicing Fee, in each
case, with respect to the Securitized Loans in such Trust. The Servicer shall
not be obligated to pay any Prepayment Interest Shortfall Amount with respect
to
any Relief Act Reduction or bankruptcy.
Section
4.05 Credit
Reporting.
For
each
Securitized Loan, in accordance with its current servicing practices, the
Servicer will accurately and fully report its underlying borrower credit
files
to each of the following credit repositories or their successors: Equifax
Credit
Information Services, Inc., Trans Union, LLC and Experian Information Solution,
Inc., on a monthly basis in a timely manner.
ARTICLE
V.
GENERAL
SERVICING PROCEDURES
Section
5.01 Servicing
Compensation.
As
consideration for servicing the Securitized Loans subject to this Agreement,
the
Servicer shall retain (a) the Servicing Fee for each Securitized Loan remaining
subject to this Agreement during any month and (b) Ancillary Income. The
Servicing Fee shall be payable monthly.
The
aggregate of the Servicing Fees for any month with respect to the Securitized
Loans in a Trust shall be reduced by any Prepayment Interest Shortfall Amount
with respect to the Securitized Loans in such Trust with respect to such
month.
The Servicer shall be entitled to recover any unpaid Servicing Fee out of
Insurance Proceeds, Condemnation Proceeds or Liquidation Proceeds to the
extent
permitted in Section 3.04 and out of amounts derived from the operation and
sale
of an REO Property to the extent permitted by Section 3.12.
Additional
servicing compensation in the form of Ancillary Income shall be retained
by the
Servicer only to the extent such fees or charges are received by the Servicer.
The Servicer shall also be entitled pursuant to Section 3.04 and Section
3.06 to
withdraw from the Custodial Account and Escrow Account, respectively, as
additional servicing compensation, interest or other income earned on deposits
therein, subject to Section 3.11.
The
Servicer shall be required to pay all expenses incurred by it in connection
with
its servicing activities hereunder, including any fees due to subservicers,
and
shall not be entitled to reimbursement thereof except as specifically provided
for herein.
Section
5.02 [Reserved].
Section
5.03 [Reserved].
Section
5.04 [Reserved]
Section
5.05 Access
to
Servicer Records.
The
Seller or the NIMs Insurer shall have the right to examine and audit, at
its
expense, upon reasonable notice to the Servicer, during business hours or
at
such other times as might be reasonable under applicable circumstances, any
and
all of the books, records, documentation or other information of the Servicer,
or held by another for the Servicer or on its behalf or otherwise, which
relate
to the performance or observance by the Servicer of the terms, covenants
or
conditions of this Agreement.
The
Servicer shall provide to the Seller, the NIMs Insurer and any supervisory
agents or examiners representing a state or federal governmental agency having
jurisdiction over the Seller access to any documentation regarding the Mortgage
Loans in the possession of the Servicer which may be required by any applicable
regulations. Such access shall be afforded without charge, upon reasonable
request, during normal business hours and at the offices of the Servicer,
and in
accordance with the applicable federal or state government
regulations.
ARTICLE
VI.
REPRESENTATIONS,
WARRANTIES
AND
AGREEMENTS
Section
6.01 Representations,
Warranties and Agreements of the Servicer.
The
Servicer, as a condition to the consummation of the transactions contemplated
hereby, hereby makes the following representations and warranties to the
Seller,
the Depositor, the Trustee and the Master Servicer as of the Closing
Date:
(a)
Due
Organization and Authority.
The
Servicer is duly organized, validly existing and in good standing under the
laws
of the State of Delaware and
has
all licenses necessary to carry on its business as now being conducted and
either it or its designated subservicer is licensed, qualified and in good
standing in each state where a Mortgaged Property is located if the laws
of such
state require licensing or qualification in order to conduct a servicing
business of the type provided for herein, and in any event the Servicer or
its
designated subservicer is in compliance with the laws of any such state to
the
extent necessary to ensure the enforceability of the terms of this Agreement;
the Servicer has the full power and authority to execute and deliver this
Agreement and, together with such subservicer, to perform in accordance
herewith; the execution, delivery and performance of this Agreement (including
all instruments of transfer to be delivered pursuant to this Agreement) by
the
Servicer and the consummation of the transactions contemplated hereby have
been
duly and validly authorized; this Agreement evidences the valid, binding
and
enforceable obligation of the Servicer and all requisite action has been
taken
by the Servicer to make this Agreement valid and binding upon the Servicer
in
accordance with its terms;
(b)
Ordinary
Course of Business.
The
consummation of the transactions contemplated by this Agreement, taking into
account the role of its subservicer, is in the ordinary course of business
of
the Servicer;
(c)
No
Conflicts.
Neither
the execution and delivery of this Agreement, the acquisition of the servicing
responsibilities by the Servicer or the transactions contemplated hereby,
nor
the fulfillment of or compliance with the terms and conditions of this
Agreement, will conflict with or result in a breach of any of the terms,
conditions or provisions of the Servicer’s organizational documents or any legal
restriction or any agreement or instrument to which the Servicer is now a
party
or by which it is bound, or constitute a default or result in an acceleration
under any of the foregoing, or, taking into account the role of its designated
subservicer, result in the violation of any law, rule, regulation, order,
judgment or decree to which the Servicer or its property is subject, or impair
the ability of the Servicer to service the Securitized Loans, or impair the
value of the Securitized Loans;
(d)
Ability
to Perform.
The
Servicer does not believe, nor does it have any reason or cause to believe,
that
it, together with the Subservicer, cannot perform each and every covenant
contained in this Agreement;
(e)
No
Litigation Pending.
There
is no action, suit, proceeding or investigation pending or, to the best of
our
knowledge, threatened against the Servicer which, either in any one instance
or
in the aggregate, may result in any material adverse change in the business,
operations, financial condition, properties or assets of the Servicer, or
in any
material impairment of the right or ability of the Servicer to carry on its
business substantially as now conducted, or in any material liability on
the
part of the Servicer, or which would draw into question the validity of this
Agreement or of any action taken or to be taken in connection with the
obligations of the Servicer contemplated herein, or which would be likely
to
impair materially the ability of the Servicer together with the Subservicer
to
perform under the terms of this Agreement;
(f)
No
Consent Required.
No
consent, approval, authorization or order of any court or governmental agency
or
body is required for the execution, delivery and performance by the Servicer
together with the Subservicer of or compliance by the Servicer together with
the
Subservicer with this Agreement;
(g)
Ability
to Service.
The
Servicer is an approved seller/servicer of conventional residential Securitized
Loans for Xxxxxx Xxx and Xxxxxxx Mac, and, together with those of its designated
subservicer, shall ensure that there are the facilities, procedures, and
experienced personnel necessary for the sound servicing of the Securitized
Loans. The Servicer is in good standing to service Securitized Loans for
Xxxxxxx
Mac. The Servicer is a member in good standing of the MERS system, if
applicable;
(h)
No
Untrue Information.
Neither
this Agreement nor any statement, report or other document furnished or to
be
furnished by the Servicer pursuant to this Agreement or in connection with
the
transactions contemplated hereby contains any untrue material statement of
fact
or omits to state a material fact necessary to make the statements contained
therein not misleading;
(i)
No
Commissions to Third Parties.
The
Servicer has not dealt with any broker or agent or anyone else, other than
the
Subservicer, who might be entitled to a fee or commission in connection with
this transaction other than the Seller; and
(j)
No
Waiver of Prepayment Charges.
The
Servicer will not waive any Prepayment Charge unless it is waived in accordance
with the standard set forth in Section 3.15.
Section
6.02 Remedies
for Breach of Representations and Warranties of the Servicer.
It
is
understood and agreed that the representations and warranties set forth in
Section 6.01 shall survive the engagement of the Servicer to perform the
servicing responsibilities as of any Closing Date hereunder and the delivery
of
the Servicing Files to the Servicer and shall inure to the benefit of the
Seller, any Depositor, the Master Servicer and each Trust, NIMs Insurer and
Trustee. Upon discovery by any of the Servicer, the Master Servicer, the
Trustee, NIMs Insurer, any Depositor or the Seller of a breach of any of
the
foregoing representations and warranties which materially and adversely affects
the ability of the Servicer, together with its designated subservicer, to
perform its duties and obligations under this Agreement or otherwise materially
and adversely affects the value of the Securitized Loans, the Mortgaged
Property, the priority of the security interest on such Mortgaged Property
or
the interest of the Seller, any Depositor, the Master Servicer, NIMs Insurer,
the related Trust or the related Trustee, the party discovering such breach
shall give prompt written notice to the others.
Within
60
days of the earlier of either discovery by or notice to the Servicer of a
breach
of a representation or warranty set forth in Section 6.01 which materially
and
adversely affects the ability of the Servicer, together with its designated
subservicer, to perform its duties and obligations under this Agreement or
otherwise materially and adversely affects the value of the Securitized Loans,
the Mortgaged Property or the priority of the security interest on such
Mortgaged Property, the Servicer shall use its best efforts promptly to cure
such breach in all material respects and, if such breach cannot be cured,
the
Servicer shall, at the option of the Trustee, assign the Servicer’s rights and
obligations under this Agreement (or respecting the affected Securitized
Loans)
with respect to a Trust to a successor servicer selected by the related Trustee
with the prior consent and approval of the Master Servicer. Such assignment
shall be made in accordance with Section 9.01 and 9.02.
In
addition, the Servicer shall indemnify the Seller, the Master Servicer, NIMs
Insurer, any Depositor and each Trustee and hold each of them harmless against
any Costs resulting from any claim, demand, defense or assertion based on
or
grounded upon, or resulting from, a breach of the Servicer's representations
and
warranties contained in this Agreement. It is understood and agreed that
the
remedies set forth in this Section 6.02 constitute the sole remedies of the
Seller, the Master Servicer, any Depositor, and each Trust and Trustee hereunder
respecting a breach of the foregoing representations and
warranties.
Any
cause
of action against the Servicer relating to or arising out of the breach of
any
representations and warranties made in Section 6.01 shall accrue upon (i)
discovery of such breach by the Servicer or notice thereof by the Seller,
the
Master Servicer, NIMs Insurer, any Depositor or a Trustee to the Servicer,
(ii)
failure by the Servicer to cure such breach within the applicable cure period,
and (iii) demand upon the Servicer by the Seller, any Depositor, NIMs Insurer,
the Master Servicer or a Trustee for compliance with this
Agreement.
Section
6.03 Additional
Indemnification by the Servicer; Third Party Claims.
The
Servicer shall indemnify the Seller, any Depositor, NIMs Insurer, each Trustee,
the Master Servicer and each Trust and hold them harmless against any and
all
Costs that any such indemnified party may sustain in any way related to (i)
the
failure of the Servicer to perform its duties and service the related
Securitized Loans in material compliance with the terms of this Agreement
or
(ii) the failure of the Servicer to cause any event to occur which would
have
occurred if the Servicer were applying Accepted Servicing Practices under
this
Agreement. The Servicer shall immediately notify the Seller, any related
Depositor, NIMs Insurer, the Master Servicer, the related Trustee or any
other
relevant party if a claim is made by a third party with respect to this
Agreement or the related Securitized Loans, assume (with the prior written
consent of the indemnified party) the defense of any such claim and pay all
expenses in connection therewith, including counsel fees, promptly pay,
discharge and satisfy any judgment or decree which may be entered against
it or
any indemnified party in respect of such claim and follow any written
instructions received from such indemnified party in connection with such
claim.
The Servicer shall be promptly reimbursed by the related Trust or Trusts
for all
amounts advanced by it pursuant to the preceding sentence except when the
claim
is in any way related to the Servicer’s indemnification pursuant to Section
6.02, or the failure of the Servicer, together with its designated subservicer,
to service and administer the Securitized Loans in material compliance with
the
terms of this Agreement. In the event a dispute arises between an indemnified
party and the Servicer with respect to any of the rights and obligations
of the
parties pursuant to this Agreement, and such dispute is adjudicated in a
court
of law, by an arbitration panel or any other judicial process, then the losing
party shall indemnify and reimburse the winning party for all attorneys’ fees
and other costs and expenses related to the adjudication of said
dispute.
Section
6.04 Indemnification
with Respect to Certain Taxes and Loss of REMIC Status.
In
the
event that any REMIC elected by a Trust fails to qualify as a REMIC, loses
its
status as a REMIC, or incurs federal, state or local taxes as a result of
a
prohibited transaction or prohibited contribution under the REMIC Provisions
due
to the negligent performance by the Servicer of its duties and obligations
set
forth herein, the Servicer shall indemnify the Holder of the related Residual
Certificate, the Master Servicer, the related Trustee and the related Trust
against any and all losses, claims, damages, liabilities or expenses (“Losses”)
resulting from such negligence; provided,
however,
that the
Servicer shall not be liable for any such Losses attributable to the action
or
inaction of the related Trustee, any related Depositor, the Master Servicer
or
the Holder of such Residual Certificate, as applicable, nor for any such
Losses
resulting from misinformation provided by the Holder of such Residual
Certificate or any such other party on which the Servicer has relied. The
foregoing shall not be deemed to limit or restrict the rights and remedies
of
the Holder of such Residual Certificate or the related Trust now or hereafter
existing at law or in equity or otherwise. Notwithstanding the foregoing,
however, in no event shall the Servicer have any liability (1) for any action
or
omission that is taken in accordance with and in compliance with the express
terms of, or which is expressly permitted by the terms of, this Agreement,
(2)
for any Losses other than arising out of a negligent performance by the Servicer
of its duties and obligations set forth herein, and (3) for any special or
consequential damages to the related Certificateholders.
ARTICLE
VII.
THE
SERVICER
Section
7.01 Merger
or Consolidation of the Servicer.
The
Servicer shall keep in full effect its existence, rights and franchises as
a
limited liability company, and shall obtain and preserve its qualification
to do
business as a foreign entity in each jurisdiction in which such qualification
is
or shall be necessary to perform its obligations as contemplated by this
Agreement.
Any
Person into which the Servicer may be merged or consolidated, or any corporation
resulting from any merger, conversion or consolidation to which the Servicer
shall be a party, or any Person succeeding to the business of the Servicer,
shall, with the prior written consent of the Master Servicer, be the successor
of the Servicer hereunder, without the execution or filing of any paper or
any
further act on the part of any of the parties hereto, anything herein to
the
contrary notwithstanding;
provided, however,
that the
successor or surviving Person shall be an institution (i) having a net worth
of
not less than $25,000,000, and (ii) which is a Xxxxxxx Mac-approved or Xxxxxx
Mae-approved servicer in good standing.
Section
7.02 Limitation
on Liability of the Servicer and Others.
Neither
the Servicer nor any of the directors, officers, employees or agents of the
Servicer shall be under any liability to the Seller, the Master Servicer,
any
Depositor, any Trust or any Trustee hereunder for any action taken or for
refraining from the taking of any action in good faith pursuant to this
Agreement, or for errors in judgment;
provided, however,
that
this provision shall not protect the Servicer or any such person against
any
breach of warranties or representations made herein, or failure to perform
its
obligations in strict compliance with any standard of care set forth in this
Agreement, or any liability which would otherwise be imposed by reason of
any
breach of the terms and conditions of this Agreement. The Servicer and any
director, officer, employee or agent of the Servicer may rely in good faith
on
any document of any kind prima facie properly executed and submitted by any
Person respecting any matters arising hereunder. The Servicer shall not be
under
any obligation to appear in, prosecute or defend any legal action which is
not
incidental to its duties to service the Securitized Loans in accordance with
this Agreement and which in its opinion may involve it in any expense or
liability;
provided, however,
that the
Servicer may, with the consent of the related Trustee, NIMs Insurer and the
Master Servicer, undertake any such action which it deems necessary or desirable
in respect of this Agreement and the rights and duties of the parties hereto.
In
such event, the Servicer shall be entitled to reimbursement from the related
Trust for the reasonable legal expenses and costs of such action.
Section
7.03 Limitation
on Resignation and Assignment by the Servicer.
The
Servicer shall neither assign its rights under this Agreement or the servicing
hereunder nor delegate its duties hereunder or any portion thereof, or sell
or
otherwise dispose of all or substantially all of its property or assets without,
in each case, the prior written consent of the Seller, the Master Servicer
and
the related Trustee and the NIMs Insurer, which consent, in the case of an
assignment of rights or delegation of duties, shall be granted or withheld
in
the discretion of the Seller, the Master Servicer and the related Trustee,
and
which consent, in the case of a sale or disposition of all or substantially
all
of the property or assets of the Servicer, shall not be unreasonably withheld;
provided, that in each case, there must be delivered to the Seller, the Master
Servicer and the related Trustee and NIMs Insurer a letter from the applicable
Rating Agency or Rating Agencies to the effect that such transfer of servicing
or sale or disposition of assets will not result in a qualification, withdrawal
or downgrade of the then-current rating of any of the Certificates, and
provided
further,
without
any consent or notice the Servicer may delegate its servicing duties hereunder
to the Subservicer pursuant to the Sub-Servicing Agreement.
Notwithstanding the foregoing, the Servicer, without the consent of the
Seller,
the Master Servicer and
the
related Trustee, may retain third-party contractors to perform certain servicing
and loan administration functions, including without limitation, hazard
insurance administration, tax payment and administration, flood certification
and administration, collection services and similar functions;
provided, however,
that the retention of such contractors by Servicer shall not limit the
obligation of the Servicer to service the Securitized Loans pursuant to the
terms and conditions of this Agreement.
The
Servicer shall not resign from the obligations and duties hereby imposed
on it
with respect to the Securitized Loans in a Trust except by mutual consent
of the
Seller, the Master Servicer and the related Trustee, with the consent of
the
NIMs Insurer, or upon the determination that its duties hereunder are no
longer
permissible under applicable law and such incapacity cannot be cured by the
Servicer. Any such determination permitting the resignation of the Servicer
shall be evidenced by an Opinion of Counsel to such effect delivered to the
Seller, the Master Servicer and the related Trustee and NIMs Insurer which
Opinion of Counsel shall be in form and substance acceptable to the Seller,
the
Master Servicer and the related Trustee and NIMs Insurer. No such resignation
shall become effective until a successor acceptable to the Master Servicer
shall
have assumed the Servicer’s responsibilities and obligations hereunder in the
manner provided in Section 9.01.
Without
in any way limiting the generality of this Section 7.03, in the event that
the
Servicer either shall assign this Agreement or the servicing responsibilities
hereunder or delegate its duties hereunder or any portion thereof or sell
or
otherwise dispose of all or substantially all of its property or assets,
without
the prior written consent of the Seller, the Master Servicer and the Trustee
and
NIMs Insurer (except as provided by the first paragraph of this Section 7.03
and
Section 7.04), then such parties shall have the right to terminate this
Agreement upon notice given as set forth in Section 8.01, without any payment
of
any penalty or damages and without any liability whatsoever to the Servicer
or
any third party.
Section
7.04 Sub-Servicing
Agreements; Sub-Servicing Acknowledgment Agreement; Successor
Subservicer.
(a)
The
Servicer may enter into sub-servicing agreements, with the consent of the
NIMs
Insurer, for any servicing and administration of the Securitized Loans with
any
institution which (i) is an approved Xxxxxx Xxx or Xxxxxxx Mac Seller/Servicer
as indicated in writing, and (ii) represents and warrants that it is in
compliance with the laws of each state as necessary to enable it to perform
its
obligations under such sub-servicing agreement. For this purpose, sub-servicing
shall not be deemed to include the use of a tax service, or services for
reconveyance, insurance or brokering REO Property. The Servicer shall give
prior
written notice to the Master Servicer, the Trustee and NIMs Insurer of the
appointment of any subservicer and shall furnish to the Master Servicer,
the
Trustee and NIMs Insurer a copy of such sub-servicing agreement. For purposes
of
this Agreement, the Servicer shall be deemed to have received payments on
Securitized Loans immediately upon receipt by any subservicer of such payments.
Any such sub-servicing agreement shall be acceptable to the Master Servicer
and
the related Trustee and NIMs Insurer and shall be consistent with and not
violate the provisions of this Agreement. Each sub-servicing agreement shall
provide that a successor servicer shall have the option to terminate such
agreement without payment of any fees if the predecessor Servicer is terminated
or resigns.
(b)
The
Servicer, with the consent of the NIMs Insurer, may terminate any sub-servicing
agreement to which it is a party in accordance with the terms and conditions
of
such sub-servicing agreement and either itself directly service the related
Securitized Loans or enter into a sub-servicing agreement with a successor
subservicer that qualifies under Section 7.04(a).
(c)
Notwithstanding
any sub-servicing agreement or the provisions of this Agreement relating
to
agreements or arrangements between the Servicer and a subservicer or reference
to actions taken through a subservicer or otherwise, the Servicer shall remain
obligated and primarily liable to the Trustee, the Master Servicer, the Trust
and the Certificateholders for the servicing and administering of the
Securitized Loans in accordance with the provisions hereof without diminution
of
such obligation or liability by virtue of such sub-servicing agreements or
arrangements or by virtue of indemnification from the subservicer and to
the
same extent and under the same terms and conditions as if the Servicer alone
were servicing and administering the Securitized Loans. The Servicer shall
be
entitled to enter into any agreement with a subservicer for indemnification
of
the Servicer by such subservicer and nothing contained in this Agreement
shall
be deemed to limit or modify such indemnification.
Section
7.05 Inspection.
The
Servicer shall offer each Trustee, NIMs Insurer and the Master Servicer,
upon
reasonable advance notice, during normal business hours, access to all records
maintained by the Servicer in respect of its rights and obligations hereunder
and access to officers of the Servicer responsible for such obligations.
Upon
request, the Servicer shall furnish to each Trustee, NIMs Insurer and the
Master
Servicer its most recent publicly available financial statements and such
other
information relating to its capacity to perform its obligations under this
Agreement.
ARTICLE
VIII.
TERMINATION
Section
8.01 Termination
for Cause.
This
Agreement shall be terminable at the option of the Master Servicer or the
related Trustee if any of the following events of default exist on the part
of
the Servicer:
(i)
any
failure by the Servicer to remit to the Master Servicer any payment required
to
be made under the terms of this Agreement which continues unremedied for
a
period of one Business Day after the date upon which written notice of such
failure, requiring the same to be remedied, shall have been received by the
Servicer from the Master Servicer, the NIMs Insurer or a related Trustee;
or
(ii)
failure
by the Servicer duly to observe or perform in any material respect any other
of
the covenants or agreements on the part of the Servicer set forth in this
Agreement (except with respect to its obligations under Section 10.04 or
10.05)
which continues unremedied for a period of 15 days following the Servicer’s
receipt of written notice of such failure from the Master Servicer, the NIMs
Insurer or a related Trustee; or
(iii)
failure
by the Servicer to maintain its license or to cause its designated subservicer
to do business or service residential Securitized Loans in any jurisdiction,
if
required by such jurisdiction, where a Mortgaged Property is located;
or
(iv)
a
decree
or order of a court or agency or supervisory authority having jurisdiction
for
the appointment of a conservator or receiver or liquidator in any insolvency,
readjustment of debt, including bankruptcy, marshaling of assets and liabilities
or similar proceedings, or for the winding-up or liquidation of its affairs,
shall have been entered against the Servicer and such decree or order shall
have
remained in force undischarged or unstayed for a period of 60 days;
or
(v)
the
Servicer shall consent to the appointment of a conservator or receiver or
liquidator in any insolvency, readjustment of debt, marshaling of assets
and
liabilities or similar proceedings of or relating to the Servicer or of or
relating to all or substantially all of its property; or
(vi)
the
Servicer shall admit in writing its inability to pay its debts generally
as they
become due, file a petition to take advantage of any applicable insolvency,
bankruptcy or reorganization statute, make an assignment for the benefit
of its
creditors, voluntarily suspend payment of its obligations or cease its normal
business operations for three Business Days; or
(vii)
the
Servicer ceases to meet or to cause its designated subservicer to meet the
qualifications of a Xxxxxx Xxx or Xxxxxxx Mac seller/servicer; or
(viii)
the
Servicer attempts to assign the servicing of the Securitized Loans or its
right
to servicing compensation hereunder or the Servicer attempts to sell or
otherwise dispose of all or substantially all of its property or assets or
to
assign this Agreement or the servicing responsibilities hereunder or to delegate
its duties hereunder or any portion thereof, in each case without complying
fully with the provisions of Section 7.03 or Section 7.04; or
(ix)
any
failure by the Servicer, any Subservicer or any subcontractor to deliver
any
information, report, certification or accountants’ letter when and as required
under Section 10.04 or 10.05, including any failure by the Servicer to identify
pursuant to Section 10.06(b) any Subcontractor “participating in the servicing
function” within the meaning of Item 1122 of Regulation AB, which continues
unremedied for ten calendar days after the date on which such information,
report, certification or accountants’ letter was required to be delivered shall
constitute an Event of Default with respect to the Servicer under this Agreement
and any applicable Reconstitution Agreement, and shall entitle any Master
Servicer or any Depositor, as applicable, in its sole discretion to terminate
the rights and obligations of the Servicer under this Agreement and/or any
applicable Reconstitution Agreement without payment (notwithstanding anything
in
this Agreement to the contrary) of any compensation to the Servicer; provided
that to the extent that any provision of this Agreement and/or any applicable
Reconstitution
Agreement
expressly provides for the survival of certain rights or obligations following
termination of the Servicer, such provision shall be given effect.
In
each
and every such case, so long as an event of default shall not have been remedied
within the applicable cure period, in addition to whatever rights the Master
Servicer or a related Trustee may have at law or equity to damages, including
injunctive relief and specific performance, the Trustee or the Master Servicer,
by notice in writing to the Servicer, and with the consent of the other party,
may (and, at the request of the NIMs Insurer, shall) terminate all the rights
and obligations of the Servicer under this Agreement and in and to the servicing
contract established hereby and the proceeds thereof.
Upon
receipt by the Servicer of such written notice, all authority and power of
the
Servicer under this Agreement, whether with respect to the Securitized Loans
or
otherwise, shall pass to and be vested in a successor servicer appointed
by the
Trustee or the Master Servicer, as the case may be, with the consent of the
other party and the NIMs Insurer. Upon written request from the Master Servicer,
the Servicer shall prepare, execute and deliver to the successor servicer
or the
Trustee any and all documents and other instruments, place in such successor’s
possession all Servicing Files, and do or cause to be done all other acts
or
things necessary or appropriate to effect the purposes of such notice of
termination, including but not limited to the transfer and endorsement or
assignment of the Securitized Loans and related documents, at the Servicer’s
sole expense. The Servicer shall cooperate with the Master Servicer and such
successor in effecting the termination of the Servicer’s responsibilities and
rights hereunder, including without limitation, the transfer to such successor
for administration by it of all cash amounts which shall at the time be credited
by the Servicer to the Custodial Account or Escrow Account or thereafter
received with respect to the Securitized Loans.
By
a
written notice, the Trustee or the Master Servicer, with the consent of the
other parties and the NIMs Insurer, may waive any default by the Servicer
in the
performance of its obligations hereunder and its consequences. Upon any waiver
of a past default, such default shall cease to exist, and any Event of Default
arising therefrom shall be deemed to have been remedied for every purpose
of
this Agreement. No such waiver shall extend to any subsequent or other default
or impair any right consequent thereon except to the extent expressly so
waived.
Section
8.02 Termination
Without Cause.
(a)
This
Agreement shall terminate upon: (i) the later of (a) the distribution of
the
final payment or liquidation proceeds on the last Securitized Loan to the
Master
Servicer or the Trust, and (b) the disposition of all REO Property acquired
upon
foreclosure of the last Securitized Loan and the remittance of all funds
due
hereunder or (ii) mutual consent of the Servicer and the Master Servicer
in
writing, provided such termination is also acceptable to the applicable Rating
Agency or Rating Agencies and the NIMs Insurer. In addition, with the prior
written consent of the Master Servicer and the NIMs Insurer, the Seller or
its
designee may terminate this Agreement with respect to all of the Securitized
Loans, without cause, provided, that the Seller or its designee gives the
Servicer 30 days’ notice. Any such notice of termination shall be in writing and
delivered to the Servicer, NIMs Insurer and the Master Servicer by registered
mail to the address set forth in Section 9.03. The Seller or its designee
and
the Servicer shall comply with the termination procedures set forth in Section
9.01 hereof. All unreimbursed Servicing Fees, Servicing Advances and Monthly
Advances still owing the Servicer shall be paid by the Seller or its designee
or
the successor servicer from its own funds within 5 Business Days of the date
of
such termination without right of reimbursement from the Trust. In connection
with any termination pursuant to clause (ii) of the first sentence of this
Section 8.02(a), all unreimbursed Servicing Fees, Servicing Advances and
Monthly
Advances still owing the Servicer shall be paid at the time of such termination
by the Trust.
Upon
a
termination of the Servicer for cause pursuant to Section 8.01, all unreimbursed
Servicing Fees, Servicing Advances and Monthly Advances still owing the Servicer
shall be paid by the Trust as such amounts are received from the related
Securitized Loans. In connection with any termination pursuant to the second
sentence of this Section 8.02(a), the Seller or its designee or the successor
servicer will be responsible for reimbursing the Servicer for all unreimbursed
out-of-pocket Servicing Advances, Monthly Advances and Servicing Fees and
other
reasonable and necessary out-of-pocket costs associated with any transfer
of
servicing at the time of such transfer of servicing. Any invoices received
by
the Servicer after termination will be forwarded to the Seller or its designee,
and the Seller or its designee or the successor servicer shall pay such invoices
within five (5) Business Days upon receipt from the Servicer.
(b)
In
the
event that the Servicer decides to terminate its obligations under this
Agreement as set forth in clause (ii) of Section 8.02(a), the Servicer agrees
that it will continue to service the Securitized Loans beyond the prescribed
termination date until such time as the Trustee, using reasonable commercial
efforts, is able to appoint, with the consent of the NIMs Insurer, a successor
servicer acceptable to the NIMs Insurer and the Master Servicer and otherwise
meeting the characteristics of Sections 7.01 and 9.01.
ARTICLE
IX.
MISCELLANEOUS
PROVISIONS
Section
9.01 Successor
to the Servicer.
Simultaneously
with the termination of the Servicer’s responsibilities and duties under this
Agreement (a) pursuant to Sections 6.02, 7.03, 8.01 or 8.02(a)(ii), the Master
Servicer shall (i) within 90 days of the Servicer’s receipt of notice of such
termination, succeed to and assume all of the Servicer’s responsibilities,
rights, duties and obligations under this Agreement (except that the Master
Servicer shall immediately assume all of the obligations of the Servicer
to make
Monthly Advances), or (ii) appoint a successor acceptable to the NIMs Insurer
having the characteristics set forth in clauses (i) and (ii) of Section 7.01
and
which shall succeed to all rights and assume all of the responsibilities,
duties
and liabilities of the Servicer under this Agreement simultaneously with
the
termination of the Servicer’s responsibilities, duties and liabilities under
this Agreement; or (b) as a result of termination of the Servicer without
cause
by the Seller pursuant to Section 8.02 hereof, the Seller shall appoint a
successor acceptable to the NIMs Insurer having the characteristics set forth
in
clauses (i) and (ii) of Section 7.01 and which shall succeed to all rights
and
assume all of the responsibilities, duties and liabilities of the Servicer
under
this Agreement simultaneously with the termination of the Servicer’s
responsibilities, duties and liabilities under this Agreement. If the NIMs
Insurer requests, the Master Servicer shall appoint a successor servicer
as
provided in the preceding sentence. Any successor to the Servicer shall be
subject to the approval of the Master Servicer and the Trustee and, to the
extent required by the Trust Agreement, shall be a member in good standing
of
the MERS system (if any of the Securitized Loans are MERS Eligible Securitized
Loans, unless such Securitized Loans are withdrawn from MERS and Assignments
of
Mortgage are recorded in favor of the Trust at the expense of the successor
servicer). The final approval of a successor servicer shall be conditioned
upon
the receipt by the Trustee, the Master Servicer, NIMs Insurer and the Seller
of
a letter from the applicable Rating Agency or Rating Agencies to the effect
that
such transfer of servicing will not result in a qualification, withdrawal
or
downgrade of the then-current rating of any of the Certificates. In connection
with such appointment and assumption, the Master Servicer or the Seller,
as
applicable, may make such arrangements for the compensation of such successor
out of payments on Securitized Loans as it and such successor shall agree,
provided,
however, that
no
such compensation shall be in excess of the Servicing Fee permitted under
this
Agreement. In the event that the Servicer’s duties, responsibilities and
liabilities under this Agreement should be terminated pursuant to the
aforementioned sections, the Servicer shall discharge such duties and
responsibilities during the period from the date it acquires knowledge of
such
termination until the effective date thereof with the same degree of diligence
and prudence which it is obligated to exercise under this Agreement, and
shall
take no action whatsoever that might impair or prejudice the rights or financial
condition of its successor. The resignation or removal of the Servicer pursuant
to the aforementioned sections shall not become effective until a successor
servicer shall be appointed pursuant to this Section 9.01, or until the Master
Servicer succeeds to and assumes all of the Servicer’s responsibilities, rights,
duties and obligations pursuant to this Section 9.01, and shall in no event
relieve the Servicer of the representations and warranties made pursuant
to
Section 6.01 and the remedies available to the Trustee, the Trust, the Master
Servicer, NIMs Insurer and the Seller under Section 6.02 and 6.03, it being
understood and agreed that the provisions of such Sections 6.01, 6.02 and
6.03
shall be applicable not only to such successor servicer but also to the Servicer
notwithstanding any such resignation or termination of the Servicer, or the
termination of this Agreement. Notwithstanding the foregoing, the Master
Servicer, in its capacity as successor servicer, shall not be responsible
for
the lack of information and/or documents that it cannot obtain through
reasonable efforts.
Within
a
reasonable period of time, but in no event longer than 30 days after the
appointment of a successor entity, the Servicer shall prepare, execute and
deliver to the successor entity any and all documents and other instruments,
place in such successor’s possession all Servicing Files, and do or cause to be
done all other acts or things necessary or appropriate to effect the purposes
of
such notice of termination, including but not limited to the transfer and
endorsement of the Mortgage Notes and related documents, and the preparation
and
recordation of Assignments of Mortgage. The Servicer shall cooperate with
the
Master Servicer or the Seller, as applicable, and such successor in effecting
the termination of the Servicer’s responsibilities and rights hereunder and the
transfer of servicing responsibilities to the successor servicer, including
without limitation, the transfer to such successor for administration by
it of
all cash amounts which shall at the time be credited by the Servicer to the
Custodial Account or Escrow Account or thereafter received with respect to
the
Securitized Loans.
Any
successor servicer appointed as provided herein shall execute, acknowledge
and
deliver to the Trustee, the Servicer, the Master Servicer, NIMs Insurer and
the
Seller an instrument (i) accepting such appointment, wherein the successor
shall
make the representations and warranties set forth in Section 6.01 (including
a
representation that the successor servicer is a member of MERS, unless none
of
the Securitized Loans are MERS Securitized Loans or MERS Eligible Securitized
Loans or any such Securitized Loans have been withdrawn from MERS and
Assignments of Mortgage are recorded in favor of the Trust) and provide for
the
same remedies set forth in Section 6.02 and Section 6.03 herein (ii) an
assumption of the due and punctual performance and observance of each covenant
and condition to be performed and observed by the Servicer under this Agreement,
whereupon such successor servicer shall become fully vested with all the
rights,
powers, duties, responsibilities, obligations and liabilities of the Servicer,
with like effect as if originally named as a party to this Agreement. Any
termination or resignation of the Servicer or termination of this Agreement
pursuant to Sections 6.02, 7.03, 8.01 or 8.02 shall not affect any claims
that
the Seller, the Depositor, the Master Servicer, NIMs Insurer or the Trustee
may
have against the Servicer arising out of the Servicer’s actions or failure to
act prior to any such termination or resignation. In addition, in the event
any
successor servicer is appointed pursuant to Section 8.03 of this Agreement,
such
successor servicer must satisfy the conditions relating to the transfer of
servicing set forth in the Trust Agreement.
The
Servicer shall deliver promptly to the successor servicer the funds in the
Custodial Account and Escrow Account and all Securitized Loan documents and
related documents and statements held by it hereunder and the Servicer shall
account for all funds and shall execute and deliver such instruments and
do such
other things as may reasonably be required to more fully and definitively
vest
in the successor all such rights, powers, duties, responsibilities, obligations
and liabilities of the Servicer.
Upon
a
successor’s acceptance of appointment as such, the Servicer shall notify the
Trustee, the Master Servicer, NIMs Insurer, the Seller and the Depositor
of such
appointment in accordance with the procedures set forth in Section
9.03.
Section
9.02 Costs.
The
Seller shall pay any legal fees and expenses of its attorneys. Costs and
expenses incurred in connection with the transfer of the servicing
responsibilities pursuant to Section 9.01 or pursuant to any other provision
of
this Agreement, including fees for delivering Servicing Files, shall be paid
by
the Seller. Subject to Sections 2.03 and 3.01(a), the Seller shall pay the
costs
associated with the preparation, delivery and recording of Assignments of
Mortgages.
Section
9.03 Notices.
All
demands, notices, consents, reports, directions, instructions, statements
and
other communications hereunder shall be in writing and shall be deemed to
have
been duly given if sent by facsimile or mailed by overnight courier, addressed
as follows (or such other address as may hereafter be furnished to the other
parties by like notice):
(i) |
if
to the Seller:
|
Opteum
Mortgage Services, LLC
W.
000 Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000
Attention:
Xxxxx
Xxxxxxxxxxx
Facsimile:
(000) 000-0000
(ii) |
if
to the Servicer:
|
Opteum
Mortgage Services, LLC
W.
000 Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000
Attention:
Xxxxx
Xxxxxxxxxxx
Facsimile:
(000) 000-0000
(iii) |
if
to the Master Servicer:
|
Xxxxx
Fargo Bank,
National
Association
0000
Xxx
Xxxxxxxxx Xxxx
Xxxxxxxx,
Xxxxxxxx 00000
Attention:
Corporate Trust Services -- Opteum
Master
Servicing
Facsimile:
(000) 000-0000
(iv) |
if
to the Trustee:
|
The
address shown in the Transfer Notice
Any
such
communication hereunder shall be deemed to have been received on the date
delivered to or received at the premises of the addressee.
Section
9.04 Severability
Clause.
Any
part,
provision, representation or warranty of this Agreement which is prohibited
or
which is held to be void or unenforceable shall be ineffective to the extent
of
such prohibition or unenforceability without invalidating the remaining
provisions hereof. Any part, provision, representation or warranty of this
Agreement which is prohibited or unenforceable or is held to be void or
unenforceable in any jurisdiction shall be ineffective, as to such jurisdiction,
to the extent of such prohibition or unenforceability without invalidating
the
remaining provisions hereof, and any such prohibition or unenforceability
in any
jurisdiction as to any Securitized Loan shall not invalidate or render
unenforceable such provision in any other jurisdiction. To the extent permitted
by applicable law, the parties hereto waive any provision of law which prohibits
or renders void or unenforceable any provision hereof. If the invalidity
of any
part, provision, representation or warranty of this Agreement shall deprive
any
party of the economic benefit intended to be conferred by this Agreement,
the
parties shall negotiate, in good-faith, to develop a structure the economic
effect of which is as close as possible to the economic effect of this Agreement
without regard to such invalidity.
Section
9.05 No
Personal Solicitation.
From
and
after the related Closing Date, the Servicer hereby agrees that it will not
take
any action or permit or cause any action to be taken by any of its agents
or
affiliates, or by any independent contractors or independent mortgage brokerage
companies on the Servicer’s behalf, to personally, by telephone or mail, solicit
the Mortgagor under any Securitized Loan for the purpose of refinancing such
Securitized Loan; provided, that the Servicer may solicit any Mortgagor for
whom
the Servicer has received a request for verification of mortgage status,
a
request for demand for payoff, a mortgagor initiated written or verbal
communication indicating a desire to prepay the related Securitized Loan,
or the
mortgagor initiates a title search, provided further, it is understood and
agreed that promotions undertaken by the Servicer or any of its affiliates
which
(i) concern optional insurance products or other additional projects or (ii)
are
directed to mailing lists or customers of affiliated companies or the general
public at large, including without limitation, mass mailings based on
commercially acquired mailing lists, newspaper, radio and television
advertisements shall not constitute solicitation under this Section 9.05
nor is
the Servicer prohibited from responding to unsolicited requests or inquiries
made by a Mortgagor or an agent of a Mortgagor.
Section
9.06 Counterparts.
This
Agreement may be executed simultaneously in any number of counterparts. Each
counterpart shall be deemed to be an original, and all such counterparts
shall
constitute one and the same instrument.
Section
9.07 Place
of Delivery and Governing Law.
THIS
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF
THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW
YORK, NOTWITHSTANDING NEW YORK OR OTHER CHOICE OF LAW RULES TO THE
CONTRARY.
Section
9.08 Further
Agreements.
The
Seller and the Servicer each agree to execute and deliver to the other such
reasonable and appropriate additional documents, instruments or agreements
as
may be necessary or appropriate to effectuate the purposes of this
Agreement.
Section
9.09 Intention
of the Parties.
It
is the
intention of the parties that the Seller is conveying, and the Servicer is
receiving, only a contract for servicing the Securitized Loans. Accordingly,
the
parties hereby acknowledge that each Trust remains the sole and absolute
owner
of the related Securitized Loans and all rights (other than the servicing
rights) related thereto.
Section
9.10 Successors
and Assigns; Assignment of Servicing Agreement.
This
Agreement shall bind and inure to the benefit of and be enforceable by the
Servicer, the Seller , each Trustee (with respect to related Securitized
Loans),
the NIMs Insurer and the Master Servicer and their respective successors
and
assigns. This Agreement shall not be assigned, pledged or hypothecated by
the
Servicer to a third party except in accordance with Section 7.03 and shall
not
be assigned, pledged or hypothecated by the Seller except as and to the extent
provided in Section 9.11.
Section
9.11 Assignment
by Seller.
The
Seller shall have the right, with the consent of the NIMs Insurer, upon notice
to but without the consent of the Servicer, to assign, in whole or in part
(but
exclusive of such Seller’s rights and obligations as owner of the servicing
rights relating to Securitized Loans), its interest under this Agreement
with
respect to Securitized Loans which will be owned by the related Trust to
the
related Depositor, which in turn shall assign such rights to such Trust,
and
such Trust then shall succeed to all such rights of the Seller under this
Agreement. All references to the Seller in this Agreement shall be deemed
to
include its assignee or designee and any subsequent assignee or designee,
specifically including, with respect to each Securitized Loan, the related
Trust
and the related Trustee.
Section
9.12 Amendment.
This
Agreement may be amended in writing from time to time by the parties, with
the
prior written consent of the Trustee and, if applicable, the NIMs Insurer;
provided
that the
party requesting such amendment shall, at its own expense, provide the other
parties and such Trustee and the NIMs Insurer with an Opinion of Counsel
that
(i)such amendment is permitted under the terms of this Agreement, (ii) the
Servicer has complied with all applicable requirements of this Agreement,
and
(iii)) such amendment will not materially adversely affect the interest of
any
Trust or the related Certificateholders in the Securitized Loans.
Any
such amendment shall be deemed not to adversely affect in any material respect
any of the interest of Certificateholders in the Securitized Loans if each
related Trustee and the NIMs Insurer receives written confirmation from the
applicable Rating Agency or Rating Agencies that such amendment will not
cause
such Rating Agency or Rating Agencies to reduce, qualify or withdraw the
then
current rating assigned to the related Certificates (and any Opinion of Counsel
requested by a party in connection with any such amendment may rely expressly
on
such confirmation as the basis therefor).
The
Master Servicer shall not consent to any amendment to this Agreement unless
the
Master Servicer receives an Officer's Certificate from the Seller stating
that
the Seller, after consultation with its accountants, does not believe that
the
amendment will result in the trust of any related Securitization Transaction
to
fail to qualify as a "qualifying special-purpose entity" as defined in Statement
of Financial Accounting Standards Number 140.
Section
9.13 Waivers.
No
term
or provision of this Agreement may be waived or modified unless such waiver
or
modification is in writing, signed by the party against whom such waiver
or
modification is sought to be enforced.
Section
9.14 Exhibits.
The
exhibits to this Agreement are hereby incorporated and made a part hereof
and
are an integral part of this Agreement.
Section
9.15 Intended
Third Party Beneficiary.
Notwithstanding
any provision herein to the contrary, the parties to this Agreement agree
that
it is appropriate, in furtherance of the intent of such parties as set forth
herein, that each Trustee, each Trust and each NIMs Insurer receive the benefit
of the provisions of this Agreement as an intended third party beneficiary
of
this Agreement to the extent of such provisions with respect to the related
Securitized Loans. The Servicer shall have the same obligations to the related
Trustee, the related Trust and the related NIMs Insurer as if it were a party
to
this Agreement, and each Trustee, Trust and NIMs Insurer shall have the same
rights and remedies to enforce the provisions of this Agreement as if it
were a
party to this Agreement. The Servicer shall only take direction from the
Master
Servicer or NIMs Insurer (if direction by the Master Servicer or NIMs Insurer,
as applicable, is required under this Agreement) unless otherwise directed
by
this Agreement. Notwithstanding the foregoing, all rights and obligations
of a
Trust, the related Trustee, the related NIMs Insurer and the Master Servicer
hereunder (other than the right to indemnification) with respect to the related
Securitized Loans shall terminate upon the termination of such Trust pursuant
to
the related Trust Agreement.
Section
9.16 Confidentiality.
The
Trustee and the Master Servicer hereby agree to hold and treat all Confidential
Information (as defined below) in confidence and in accordance with this
Section
9.16. Such Confidential Information will not, without the prior written consent
of the Servicer, be disclosed or used by any Trustee or the Master Servicer
or
by its subsidiaries, affiliates, directors, officers, employees, agents or
controlling persons (collectively, the “Information Recipients”) other than for
the purposes of this Agreement or for the purposes specified in the related
Trust Agreement. Disclosure that is not in violation of the Right to Financial
Privacy Act of 1978, as amended, the Xxxxx-Xxxxx-Xxxxxx Act of 1999 (the
“G-L-B
Act”) or other applicable law by the Trustee or the Master Servicer of any
Confidential Information at the request of its outside auditors or governmental
regulatory authorities in connection with an examination of any Trustee or
the
Master Servicer by any such authority or for the purposes specified in any
Trust
Agreement or this Agreement shall not constitute a breach of its obligations
under this Section 9.19, and shall not require the prior consent of the
Servicer.
As
used
herein, “Confidential Information” means non-public personal information (as
defined in the G-L-B Act and its enabling regulations issued by the Federal
Trade Commission) regarding borrowers. Confidential Information shall not
include information which (i) is or becomes generally available to the public
other than as a result of disclosure by a Trustee or the Master Servicer
or any
of its Information Recipients; (ii) was available to the related Trustee
or the
Master Servicer on a non-confidential basis from a person or entity other
than
the Servicer prior to its disclosure by the Servicer to such Trustee; (iii)
is
required to be disclosed by a governmental authority or related governmental
agencies or as otherwise required by law; (iv) becomes available to the related
Trustee or the Master Servicer on a non-confidential basis from a person
or
entity other than the Servicer who, to the best knowledge of the related
Trustee
or the Master Servicer, is not otherwise bound by a confidentiality agreement
with the Servicer, and is not otherwise prohibited from transmitting the
information to such Trustee or the Master Servicer, or (v) is released pursuant
to the Trust Agreement or this Agreement.
Section
9.17 General
Interpretive Principles.
For
purposes of this Agreement, except as otherwise expressly provided or unless
the
context otherwise requires:
(a)
the
terms
defined in this Agreement have the meanings assigned to them in this Agreement
and include the plural as well as the singular, and the use of any gender
herein
shall be deemed to include the other gender;
(b)
accounting
terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles;
(c)
references
herein to “Articles”, “Sections”, “Subsections”, “Paragraphs”, and other
subdivisions without reference to a document are to designated Articles,
Sections, Subsections, Paragraphs and other subdivisions of this
Agreement;
(d)
a
reference to a Subsection without further reference to a Section is a reference
to such Subsection as contained in the same Section in which the reference
appears, and this rule shall also apply to Paragraphs and other
subdivisions;
(e)
the
words
“herein”, “hereof”, “hereunder” and other words of similar import refer to this
Agreement as a whole and not to any particular provision;
(f)
the
term
“include” or “including” shall mean by reason of enumeration; and
(g) this
Agreement shall be construed as a separate agreement with respect to the
Securitized Loans held by each Trust, and references to the rights of the
Master
Servicer, Trustee or any NIMs Insurer shall apply separately with respect
to
each Trust.
Section
9.18 Reproduction
of Documents.
This
Agreement and all documents relating thereto, including, without limitation,
(a)
consents, waivers and modifications which may hereafter be executed, (b)
documents received by any party at the closing, and (c) financial statements,
certificates and other information previously or hereafter furnished, may
be
reproduced by any photographic, photostatic, microfilm, micro-card, miniature
photographic or other similar process. The parties agree that any such
reproduction shall be as admissible in evidence as the original itself in
any
judicial or administrative proceeding, whether or not the original is in
existence and whether or not such reproduction was made by a party in the
regular course of business, and that any enlargement, facsimile or further
reproduction of such reproduction shall likewise be admissible in
evidence.
ARTICLE
X.
COMPLIANCE
WITH REGULATION AB
Section
10.01 Intent
of the Parties; Reasonableness.
The
Master Servicer and the Servicer acknowledge and agree that the purpose of
Article X of this Agreement is to facilitate compliance by the Master Servicer
and any Depositor with the provisions of Regulation AB and related rules
and
regulations of the Commission. Neither the Master Servicer nor any Depositor
shall exercise its right to request delivery of information or other performance
under these provisions other than in good faith, or for purposes other than
compliance with the Securities Act, the Exchange Act and the rules and
regulations of the Commission thereunder. The Servicer acknowledges that
interpretations of the requirements of Regulation AB may change over time,
whether due to interpretive guidance provided by the Commission or its staff,
consensus among participants in the asset-backed securities markets, advice
of
counsel, or otherwise, and agrees to comply with requests made by the Master
Servicer or any Depositor in good faith for delivery of information under
these
provisions on the basis of evolving interpretations of Regulation AB. In
connection with any Securitization Transaction, the Servicer shall cooperate
fully with the Master Servicer to deliver to the Master Servicer (including
any
of its assignees or designees), and any Depositor, any and all statements,
reports, certifications, records and any other information necessary in the
good
faith determination of the Master Servicer or any Depositor to permit the
Master
Servicer or such Depositor to comply with the provisions of Regulation AB,
together with such disclosures relating to the Servicer, any Subservicer
and the
Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed
by
the Master Servicer or any Depositor to be necessary in order to effect such
compliance.
Section
10.02 Additional
Representations and Warranties of the Servicer.
(a)
The
Servicer hereby represents to the Master Servicer and to any Depositor, as
of
the date on which information is first provided to the Master Servicer or
any
Depositor under Section 10.03 that, except as disclosed in writing to the
Master
Servicer or such Depositor prior to such date: (i) the Servicer is not aware
and
has not received notice that any default, early amortization or other
performance triggering event has occurred as to any other securitization
due to
any act or failure to act of the Servicer; (ii) the Servicer has not been
terminated as servicer in a residential mortgage loan securitization, either
due
to a servicing default or to application of a servicing performance test
or
trigger; (iii) no material noncompliance with the applicable servicing criteria
with respect to other securitizations of residential mortgage loans involving
the Servicer as servicer has been disclosed or reported by the Servicer;
(iv) no
material changes to the Servicer’s policies or procedures with respect to the
servicing function it will perform under this Agreement and any Reconstitution
Agreement for mortgage loans of a type similar to the Mortgage Loans have
occurred during the three-year period immediately preceding the related
Securitization Transaction; (v) there are no aspects of the Servicer’s financial
condition that could have a material adverse effect on the performance by
the
Servicer of its servicing obligations under this Agreement or any Reconstitution
Agreement; (vi) there are no material legal or governmental proceedings pending
(or known to be contemplated) against the Servicer or any Subservicer; and
(vii)
there are no affiliations, relationships or transactions relating to the
Servicer or any Subservicer with respect to any Securitization Transaction
and
any party thereto identified by the related Depositor of a type described
in
Item 1119 of Regulation AB.
(b)
If
so
requested by the Master Servicer or any Depositor on any date following the
date
on which information is first provided to the Master Servicer or any Depositor
under Section 10.03, the Servicer shall, within five Business Days following
such request, confirm in writing the accuracy of the representations and
warranties set forth in paragraph (a) of this Section or, if any such
representation and warranty is not accurate as of the date of such request,
provide reasonably adequate disclosure of the pertinent facts, in writing,
to
the requesting party.
Section
10.03 Information
to Be Provided by the Servicer.
In
connection with any Securitization Transaction the Servicer shall (i) within
five Business Days following request by the Master Servicer or any Depositor,
provide to the Master Servicer and such Depositor (or, as applicable, cause
each
Subservicer to provide), in writing and in form and substance reasonably
satisfactory to the Master Servicer and such Depositor, the information and
materials specified in paragraphs (a), (d) and (e) of this Section, and (ii)
as
promptly as practicable following notice to or discovery by the Servicer,
provide to the Master Servicer and any Depositor (in writing and in form
and
substance reasonably satisfactory to the Master Servicer and such Depositor)
the
information specified in paragraph (b)of this Section.
(a)
If
so
requested by the Master Servicer or any Depositor, the Servicer shall provide
such information regarding its role as servicer of the Mortgage Loans, and
each
Subservicer (the Servicer and each Subservicer, for purposes of this paragraph,
a “Servicer”), as is requested for the purpose of compliance with Items 1108,
1117 and 1119 of Regulation AB. Such information shall include, at a
minimum:
(A) |
the
Servicer’s form of organization;
|
(B) |
a
description of how long the Servicer has been servicing residential
mortgage loans; a general discussion of the Servicer’s experience in
servicing assets of any type as well as a more detailed discussion
of the
Servicer’s experience in, and procedures for, the servicing function it
will perform under this Agreement and any Reconstitution Agreements;
information regarding the size, composition and growth of the Servicer’s
portfolio of residential mortgage loans of a type similar to the
Mortgage
Loans and information on factors related to the Servicer that may
be
material, in the good faith judgment of any Depositor, to any analysis
of
the servicing of the Mortgage Loans or the related asset-backed
securities, as applicable, including, without
limitation:
|
(1) |
whether
any prior securitizations of mortgage loans of a type similar to
the
Mortgage Loans involving the Servicer have defaulted or experienced
an
early amortization or other performance triggering event because
of
servicing during the three-year period immediately preceding the
related
Securitization Transaction;
|
(2) |
the
extent of outsourcing the Servicer
utilizes;
|
(3) |
whether
there has been previous disclosure of material noncompliance with
the
applicable servicing criteria with respect to other securitizations
of
residential mortgage loans involving the Servicer as a servicer
during the
three-year period immediately preceding the related Securitization
Transaction;
|
(4) |
whether
the Servicer has been terminated as servicer in a residential mortgage
loan securitization, either due to a servicing default or to application
of a servicing performance test or trigger;
and
|
(5) |
such
other information as any Depositor may reasonably request for the
purpose
of compliance with Item 1108(b)(2) of Regulation
AB;
|
(C) |
a
description of any material changes during the three-year period
immediately preceding the related Securitization Transaction to
the
Servicer’s policies or procedures with respect to the servicing function
it will perform under this Agreement and any Reconstitution Agreements
for
mortgage loans of a type similar to the Mortgage
Loans;
|
(D) |
information
regarding the Servicer’s financial condition, to the extent that there is
a material risk that an adverse financial event or circumstance
involving
the Servicer could have a material adverse effect on the performance
by
the Servicer of its servicing obligations under this Agreement
or any
Reconstitution Agreement;
|
(E) |
information
regarding advances made by the Servicer on the Mortgage Loans and
the
Servicer’s overall servicing portfolio of residential mortgage loans for
the three-year period immediately preceding the related Securitization
Transaction, which may be limited to a statement by an authorized
officer
of the Servicer to the effect that the Servicer has made all advances
required to be made on residential mortgage loans serviced by it
during
such period, or, if such statement would not be accurate, information
regarding the percentage and type of advances not made as required,
and
the reasons for such failure to
advance;
|
(F) |
a
description of the Servicer’s processes and procedures designed to address
any special or unique factors involved in servicing loans of a
similar
type as the Mortgage Loans;
|
(G) |
a
description of the Servicer’s processes for handling delinquencies,
losses, bankruptcies and recoveries, such as through liquidation
of
mortgaged properties, sale of defaulted mortgage loans or
workouts;
|
(H) |
information
as to how the Servicer defines or determines delinquencies and
charge-offs, including the effect of any grace period, re-aging,
restructuring, partial payments considered current or other practices
with
respect to delinquency and loss
experience;
|
(I) |
a
description of any material legal or governmental proceedings pending
(or
known to be contemplated) against the Servicer;
and
|
(J) |
a
description of any affiliation or relationship between the Servicer
and
any of the following parties to a Securitization Transaction, as
such
parties are identified to the Servicer by the Master Servicer or
any
Depositor in writing in advance of such Securitization
Transaction:
|
(1) |
the
sponsor;
|
(2) |
the
depositor;
|
(3) |
the
issuing entity;
|
(4) |
any
servicer;
|
(5) |
any
trustee;
|
(6) |
any
originator;
|
(7) |
any
significant obligor;
|
(8) |
any
enhancement or support provider;
and
|
(9) |
any
other material transaction party.
|
(b)
For
the
purpose of satisfying the reporting obligation under the Exchange Act with
respect to any class of asset-backed securities, the Servicer shall (or shall
cause each Subservicer to) (i) provide prompt notice to the Master Servicer
and
any Depositor in writing of (A) any material litigation or governmental
proceedings involving the Servicer or any Subservicer, (B) any affiliations
or
relationships that develop following the closing date of a Securitization
Transaction between the Servicer or any Subservicer and any of the parties
specified in clause (J) of paragraph (a) (and any other parties identified
in
writing by the requesting party) with respect to such Securitization
Transaction, (C) any Event of Default under the terms of this Agreement or
any
Reconstitution Agreement, (D) any merger, consolidation or sale of substantially
all of the assets of the Servicer, and (E) the Servicer’s entry into an
agreement with a Subservicer to perform or assist in the performance of any
of
the Servicer’s obligations under this Agreement or any Reconstitution Agreement
and (ii) provide to the Master Servicer and any Depositor a description of
such
proceedings, affiliations or relationships.
(c)
As
a
condition to the succession to the Servicer or any Subservicer as servicer
or
subservicer under this Agreement or any Reconstitution Agreement by any Person
(i) into which the Servicer or such Subservicer may be merged or consolidated,
or (ii) which may be appointed as a successor to the Servicer or any
Subservicer, the Servicer shall provide to the Master Servicer and any
Depositor, at least 15 calendar days prior to the effective date of such
succession or appointment, (x) written notice to the Master Servicer and
any
Depositor of such succession or appointment and (y) in writing and in form
and
substance reasonably satisfactory to the Master Servicer and such Depositor,
all
information reasonably requested by the Master Servicer or any Depositor
in
order to comply with its reporting obligation under Item 6.02 of Form 8-K
with
respect to any class of asset-backed securities.
(d)
In
addition to such information as the Servicer is obligated to provide pursuant
to
other provisions of this Agreement, not later than ten days prior to the
deadline for the filing of any distribution report on Form 10-D in respect
of
any Securitization Transaction that includes any of the Mortgage Loans serviced
by the Servicer or any Subservicer, the Servicer or such Subservicer, as
applicable, shall, to the extent the Servicer or such Subservicer has knowledge,
provide to the party responsible for filing such report (including, if
applicable, the Master Servicer) notice of the occurrence of any of the
following events along with all information, data, and materials related
thereto
as may be required to be included in the related distribution report on Form
10-D (as specified in the provisions of Regulation AB referenced
below):
(i)
any
material modifications, extensions or waivers of pool asset terms, fees,
penalties or payments during the distribution period or that have cumulatively
become material over time (Item 1121(a)(11) of Regulation AB);
(ii)
material
breaches of pool asset representations or warranties or transaction covenants
(Item 1121(a)(12) of Regulation AB); and
(iii)
information
regarding new asset-backed securities issuances backed by the same pool assets,
any pool asset changes (such as, additions, substitutions or repurchases),
and
any material changes in origination, underwriting or other criteria for
acquisition or selection of pool assets (Item 1121(a)(14) of Regulation
AB).
(e)
The
Servicer shall provide to the Master Servicer and any Depositor, evidence
of the
authorization of the person signing any certification or statement, copies
or
other evidence of Fidelity Bond Insurance and Errors and Omission Insurance
policy, financial information and reports, and such other information related
to
the Servicer or any Subservicer or the Servicer or such Subservicer’s
performance hereunder.
Section
10.04 Servicer
Compliance Statement.
On
or
before March 1 of each calendar year, commencing in 2007, the Servicer shall
deliver to the Master Servicer and any Depositor a statement of compliance
addressed to the Master Servicer and such Depositor and signed by an authorized
officer of the Servicer, to the effect that (i) a review of the Servicer’s
activities during the immediately preceding calendar year (or applicable
portion
thereof) and of its performance under this Agreement and any applicable
Reconstitution Agreement during such period has been made under such officer’s
supervision, and (ii) to the best of such officers’ knowledge, based on such
review, the Servicer has fulfilled all of its obligations under this Agreement
and any applicable Reconstitution Agreement in all material respects throughout
such calendar year (or applicable portion thereof) or, if there has been
a
failure to fulfill any such obligation in any material respect, specifically
identifying each such failure known to such officer and the nature and the
status thereof.
Section
10.05 Report
on Assessment of Compliance and Attestation.
(a)
On
or
before March 1 of each calendar year, commencing in 2007, the Servicer
shall:
(i)
deliver
to the Master Servicer and any Depositor a report (in form and substance
reasonably satisfactory to the Master Servicer and such Depositor) regarding
the
Servicer’s assessment of compliance with the Servicing Criteria during the
immediately preceding calendar year, as required under Rules 13a-18 and 15d-18
of the Exchange Act and Item 1122 of Regulation AB. Such report shall be
addressed to the Master Servicer and such Depositor and signed by an authorized
officer of the Servicer, and shall address each of the “Applicable Servicing
Criteria” specified on Exhibit G hereto;
(ii)
deliver
to the Master Servicer and any Depositor a report of a registered public
accounting firm reasonably acceptable to the Master Servicer and such Depositor
that attests to, and reports on, the assessment of compliance made by the
Servicer and delivered pursuant to the preceding paragraph. Such attestation
shall be in accordance with Rules 1 02(a)(3) and 2-02(g) of Regulation S-X
under
the Securities Act and the Exchange Act;
(iii)
cause
each Subservicer, and each Subcontractor determined by the Servicer pursuant
to
Section 10.06(b) to be “participating in the servicing function” within the
meaning of Item 1122 of Regulation AB and deliver to the Master Servicer
and any
Depositor an assessment of compliance and accountants’ attestation as and when
provided in paragraphs (a) and (b) of this Section; and
(iv)
deliver,
and cause each Subservicer and Subcontractor described in clause (iii) to
provide, to the Master Servicer, any Depositor and any other Person that
will be
responsible for signing the certification (a “Sarbanes Certification”) required
by Rules 13a-14(d) and 15d-14(d) under the Exchange Act (pursuant to Section
302
of the Xxxxxxxx-Xxxxx Act of 2002) on behalf of an asset-backed issuer with
respect to a Securitization Transaction a certification, signed by the
appropriate officer of the Servicer, in the form attached hereto as Exhibit
H.
The
Servicer acknowledges that the parties identified in clause (a)(iv) above
may
rely on the certification provided by the Servicer pursuant to such clause
in
signing a Sarbanes Certification and filing such with the
Commission.
(b)
Each
assessment of compliance provided by a Subservicer pursuant to Section
10.05(a)(i) shall address each of the Servicing Criteria specified on a
certification substantially in the form of Exhibit H hereto delivered to
the
Master Servicer concurrently with the execution of this Agreement or, in
the
case of a Subservicer subsequently appointed as such, on or prior to the
date of
such appointment. An assessment of compliance provided by a Subcontractor
pursuant to Section 10.05(a)(iii) need not address any elements of the Servicing
Criteria other than those specified by the Servicer pursuant to Section
10.06.
Section
10.06 Use
of
Subservicers and Subcontractors.
The
Servicer shall not hire or otherwise utilize the services of any Subservicer
to
fulfill any of the obligations of the Servicer as servicer under this Agreement
or any Reconstitution Agreement unless the Servicer complies with the provisions
of paragraph (a) of this Section. The Servicer shall not hire or otherwise
utilize the services of any Subcontractor, and shall not permit any Subservicer
to hire or otherwise utilize the services of any Subcontractor, to fulfill
any
of the obligations of the Servicer under this Agreement or any Reconstitution
Agreement unless the Servicer complies with the provisions of paragraph (b)
of
this Section.
(a)
It
shall
not be necessary for the Servicer to seek the consent of the Master Servicer
or
any Depositor to the utilization of any Subservicer. The Servicer shall cause
any Subservicer used by the Servicer (or by any Subservicer) for the benefit
of
any Depositor to comply with the provisions of this Section and with Sections
10.02, 10.03(a), (c), (d) and (e), 10.04, 10.05 and 10.07 of this Agreement
to
the same extent as if such Subservicer were the Servicer, and to provide
the
information required with respect to such Subservicer under Section 10.03(b)
of
this Agreement. The Servicer shall be responsible for obtaining from each
Subservicer and delivering to the Master Servicer and any Depositor any servicer
compliance statement required to be delivered by such Subservicer under Section
10.04, any assessment of compliance and attestation required to be delivered
by
such Subservicer under Section 10.05 and any certification required to be
delivered to the Person that will be responsible for signing the Sarbanes
Certification under Section 10.05 as and when required to be
delivered.
(b)
It
shall
not be necessary for the Servicer to seek the consent of the Master Servicer
or
any Depositor to the utilization of any Subcontractor. The Servicer shall
promptly upon request provide to the Master Servicer and any Depositor (or
any
designee of the Depositor, such as an administrator) a written description
(in
form and substance satisfactory to the Master Servicer and such Depositor)
of
the role and function of each Subcontractor utilized by the Servicer or any
Subservicer, specifying (i) the identity of each such Subcontractor, (ii)
which
(if any) of such Subcontractors are “participating in the servicing function”
within the meaning of Item 1122 of Regulation AB, and (iii) which elements
of
the Servicing Criteria will be addressed in assessments of compliance provided
by each Subcontractor identified pursuant to clause (ii) of this
paragraph.
As
a
condition to the utilization of any Subcontractor determined to be
“participating in the servicing function” within the meaning of Item 1122 of
Regulation AB, the Servicer shall cause any such Subcontractor used by the
Servicer (or by any Subservicer) for the benefit of any Depositor to comply
with
the provisions of Sections 10.05 and 10.07 of this Agreement to the same
extent
as if such Subcontractor were the Servicer. The Servicer shall be responsible
for obtaining from each Subcontractor and delivering to the Master Servicer
and
any Depositor any assessment of compliance and attestation and the other
certifications required to be delivered by such Subservicer and such
Subcontractor under Section 10.05, in each case as and when required to be
delivered.
Section
10.07 Indemnification;
Remedies.
(a)
The
Servicer shall indemnify the Master Servicer, each affiliate of the Master
Servicer, and each of the following parties participating in a Securitization
Transaction: each sponsor and issuing entity; each Person (including, but
not
limited to, any Master Servicer if applicable) responsible for the preparation,
execution or filing of any report required to be filed with the Commission
with
respect to such Securitization Transaction, or for execution of a certification
pursuant to Rule 13a-14(d) or Rule 15d-14(d) under the Exchange Act with
respect
to such Securitization Transaction; each broker dealer acting as underwriter,
placement agent or initial purchaser, each Person who controls any of such
parties or the Depositor (within the meaning of Section 15 of the Securities
Act
and Section 20 of the Exchange Act); and the respective present and former
directors, officers, employees, agents and affiliates of each of the foregoing
and of the Depositor (each, an “Indemnified Party”), and shall hold each of them
harmless from and against any claims, losses, damages, penalties, fines,
forfeitures, legal fees and expenses and related costs, judgments, and any
other
costs, fees and expenses that any of them may sustain arising out of or based
upon:
(i)
(A)
any
untrue statement of a material fact contained or alleged to be contained
in any
information, report, certification, data, accountants’ letter or other material
provided under this Article X by or on behalf of the Servicer, or provided
under
this Article X by or on behalf of any Subservicer or Subcontractor
(collectively, the “Servicer Information”), or (B) the omission or alleged
omission to state in the Servicer Information a material fact required to
be
stated in the Servicer Information or necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not
misleading; provided, by way of clarification, that clause (B) of this paragraph
shall be construed solely by reference to the Servicer Information and not
to
any other information communicated in connection with a sale or purchase
of
securities, without regard to whether the Servicer Information or any portion
thereof is presented together with or separately from such other
information;
(ii)
any
breach by the Servicer of its obligations under this Article X, including
particularly any failure by the Servicer, any Subservicer or any Subcontractor
to deliver any information, report, certification, accountants’ letter or other
material when and as required under this Article X, including any failure
by the
Servicer to identify pursuant to Section 10.06(b) any Subcontractor
“participating in the servicing function” within the meaning of Item 1122 of
Regulation AB;
(iii)
any
breach by the Servicer of a representation or warranty set forth in Section
10.02(a) or in a writing furnished pursuant to Section 10.02(b) and made
as of a
date prior to the closing date of the related Securitization Transaction,
to the
extent that such breach is not cured by such closing date, or any breach
by the
Servicer of a representation or warranty in a writing furnished pursuant
to
Section 10.02(b) to the extent made as of a date subsequent to such closing
date; or
(iv)
the
negligence bad faith or willful misconduct of the Servicer in connection
with
its performance under this Article X.
If
the
indemnification provided for herein is unavailable or insufficient to hold
harmless an Indemnified Party, then the Servicer agrees that it shall contribute
to the amount paid or payable by such Indemnified Party as a result of any
claims, losses, damages or liabilities incurred by such Indemnified Party
in
such proportion as is appropriate to reflect the relative fault of such
Indemnified Party on the one hand and the Servicer on the other.
In
the
case of any failure of performance described in clause (a)(ii) of this Section,
the Servicer shall promptly reimburse the Master Servicer, any Depositor,
as
applicable, and each Person responsible for the preparation, execution or
filing
of any report required to be filed with the Commission with respect to such
Securitization Transaction, or for execution of a certification pursuant
to Rule
13a-14(d) or Rule 15d-14(d) under the Exchange Act with respect to such
Securitization Transaction, for all costs reasonably incurred by each such
party
in order to obtain the information, report, certification, accountants’ letter
or other material not delivered as required by the Servicer, any Subservicer
or
any Subcontractor.
This
indemnification shall survive the termination of this Agreement or the
termination of any party to this Agreement.
(b)
(i)
Any
failure by the Servicer, any Subservicer or any Subcontractor to deliver
any
information, report, certification, accountants’ letter or other material when
and as required under this Article X, or any breach by the Servicer of a
representation or warranty set forth in Section 10.02(a) or in a writing
furnished pursuant to Section 10.02(b) and made as of a date prior to the
closing date of the related Securitization Transaction, to the extent that
such
breach is not cured by such closing date, or any breach by the Servicer of
a
representation or warranty in a writing furnished pursuant to Section 10.02(b)
to the extent made as of a date subsequent to such closing date, shall, except
as provided in clause (ii) of this paragraph, immediately and automatically,
without notice or grace period, constitute an Event of Default with respect
to
the Servicer under this Agreement and any applicable Reconstitution Agreement,
and shall entitle the Master Servicer or any Depositor, as applicable, in
its
sole discretion to terminate the rights and obligations of the Servicer as
servicer under this Agreement and/or any applicable Reconstitution Agreement
without payment (notwithstanding anything in this Agreement or any applicable
Reconstitution Agreement to the contrary) of any compensation to the Servicer
(and if the Servicer is servicing any of the Mortgage Loans in a Securitization
Transaction, appoint a successor servicer reasonably acceptable to any Master
Servicer for such Securitization Transaction); provided that to the extent
that
any provision of this Agreement and/or any applicable Reconstitution Agreement
expressly provides for the survival of certain rights or obligations following
termination of the Servicer, such provision shall be given effect.
(ii)
Any
failure by the Servicer, any Subservicer or any Subcontractor to deliver
any
information, report, certification or accountants’ letter when and as required
under Section 10.04 or 10.05, including any failure by the Servicer to identify
pursuant to Section 10.06(b) any Subcontractor “participating in the servicing
function” within the meaning of Item 1122 of Regulation AB, which continues
unremedied for ten calendar days after the date on which such information,
report, certification or accountants’ letter was required to be delivered shall
constitute an Event of Default with respect to the Servicer under this Agreement
and any applicable Reconstitution Agreement, and shall entitle the Master
Servicer or any Depositor, as applicable, in its sole discretion to terminate
the rights and obligations of the Servicer under this Agreement and/or any
applicable Reconstitution Agreement without payment (notwithstanding anything
in
this Agreement to the contrary) of any compensation to the Servicer; provided
that to the extent that any provision of this Agreement and/or any applicable
Reconstitution Agreement expressly provides for the survival of certain rights
or obligations following termination of the Servicer, such provision shall
be
given effect.
(iii)
The
Servicer shall promptly reimburse the Master Servicer (or any designee of
the
Master Servicer) and any Depositor, as applicable, for all reasonable expenses
incurred by the Master Servicer (or such designee) or such Depositor, as
such
are incurred, in connection with the termination of the Servicer and the
transfer of servicing of the Mortgage Loans to a successor servicer. The
provisions of this paragraph shall not limit whatever rights the Master Servicer
or any Depositor may have under other provisions of this Agreement and/or
any
applicable Reconstitution Agreement or otherwise, whether in equity or at
law,
such as an action for damages, specific performance or injunctive
relief.
[Signature
Page Follows]
IN
WITNESS WHEREOF, the parties hereto have caused their names to be signed
hereto
by their respective officers thereunto duly authorized as of the date first
above written.
OPTEUM
FINANCIAL SERVICES, LLC,
as
Seller
|
|
By:
|
|
Name:
|
|
Title:
|
|
OPTEUM
FINANCIAL SERVICES, LLC,
as
Servicer
|
|
By:
|
|
Name:
|
|
Title:
|
|
XXXXX
FARGO BANK, NATIONAL ASSOCIATION,
as
Master Servicer
|
|
By:
|
|
Name:
|
|
Title:
|
EXHIBIT
A
FORM
OF
TRANSFER NOTICE
[Date]
Opteum
Mortgage Services, LLC, as Servicer
W.
000
Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000
Cenlar
FSB, as Subservicer
X.X.
Xxx
00000
000
Xxxxxxxx Xxxxxxxxx
Xxxxxxx,
Xxx Xxxxxx 00000
You
are
hereby notified that as of [date] (the “Effective Date”), the undersigned has
transferred the Securitized Loans listed on the attached schedule (the
“Securitized Loans”) to Homestar Mortgage Securities Trust 200_ - __ (the
“Trust”). The attached schedule also contains a field which sets forth the
Servicing Fee Rate(s) and the Prepayment Charge Schedule. You agree to service
such Securitized Loans as Securitized Loans under that certain Servicing
Agreement dated as of March 27, 2006 (the “Servicing Agreement”), by and among
Opteum Mortgage Services, LLC (“Opteum”), as servicer (the “Servicer”), Opteum,
as seller (the “Seller”) and Xxxxx Fargo Bank, National Association, as master
servicer (the “Master Servicer”), and that certain Sub-Servicing Acknowledgment
Agreement dated of even date therewith (the “Sub-Servicing Agreement”), by and
between the Servicer and Cenlar FSB (the “Subservicer”). In addition, you shall
recognize the Trust or the Master Servicer or ____________________ (the
“Trustee”), acting as agents for the Trust, as having the same rights as Opteum
as Seller under the Servicng Agreement with respect to such transferred
Securitized Loans. The address for notice for the Trustee for these Securitized
Loans is __________________________________.
OPTEUM
MORTGAGE SERVICES, LLC, as Seller
|
|||
By:
|
Acknowledged
by:
OPTEUM
MORTGAGE SERVICES, LLC, as Servicer
|
|
By:
|
|
Name:
|
|
Title:
|
|
CENLAR
FSB, as Subservicer
|
|
By:
|
|
Name:
|
|
Title:
|
EXHIBIT
B
CUSTODIAL
ACCOUNT LETTER AGREEMENT
_______
__, 20__
To: ___________________________
___________________________
___________________________
(the
“Depository”)
As
Servicer under the Servicing Agreement, dated as of March 27, 2006, by and
among
Opteum Mortgage Services, LLC (“Opteum”), as servicer (the “Servicer”), Opteum,
as seller (the “Seller”) and Xxxxx Fargo Bank, National Association, as master
servicer (the “Master Servicer”) (the “Agreement”), we hereby authorize and
request you to establish an account as the Custodial Account pursuant to
Section
3.03 of the Agreement, to be designated as “Opteum Mortgage Services, LLC, as
Servicer for Xxxxx Fargo Bank, National Association, as Master Servicer,
and in
trust for one or more Homestar Mortgage Securities Trusts.” All deposits in the
account shall be subject to withdrawal therefrom by order signed by the
Servicer. This letter is submitted to you in duplicate. Please execute and
return one original to us.
OPTEUM
MORTGAGE SERVICES, LLC, as Servicer
|
|
By:
|
|
Name:
|
|
Title:
|
The
undersigned, as Depository, hereby certifies that the above described account
has been established under Account Number __________, at the office of the
Depository indicated above, and agrees to honor withdrawals on such account
as
provided above.
Depository
|
|
By:
|
|
Name:
|
|
Title:
|
|
Date:
|
EXHIBIT
C
ESCROW
ACCOUNT LETTER AGREEMENT
_______
__, 20__
To:
___________________________
___________________________
___________________________
(the
“Depository”)
As
Servicer under the Servicing Agreement, dated as of March 27, 2006, by and
among
Opteum Mortgage Services, LLC (“Opteum”), as servicer (the “Servicer”), Opteum,
as seller (the “Seller”) and Xxxxx Fargo Bank, National Association, as master
servicer (the “Master Servicer”) (the “Agreement”), we hereby authorize and
request you to establish an account as the Escrow Account pursuant to Section
3.05 of the Agreement, to be designated as “Opteum Mortgage Services, LLC, as
Servicer for Xxxxx Fargo Bank, National Association, as Master Servicer,
and in
trust for one or more Homestar Mortgage Securities Trusts.” All deposits in the
account shall be subject to withdrawal therefrom by order signed by the
Servicer. This letter is submitted to you in duplicate. Please execute and
return one original to us.
OPTEUM
MORTGAGE SERVICES, LLC, as Servicer
|
|
By:
|
|
Name:
|
|
Title:
|
The
undersigned, as Depository, hereby certifies that the above described account
has been established under Account Number __________, at the office of the
Depository indicated above, and agrees to honor withdrawals on such account
as
provided above.
Depository
|
|
By:
|
|
Name:
|
|
Title:
|
|
Date:
|
EXHIBIT
D
Standard
File Layout - Master Servicing
Column
Name
|
Description
|
Decimal
|
Format
Comment
|
Max
Size
|
SER_INVESTOR_NBR
|
A
value assigned by the Servicer to define a group of loans.
|
|
Text
up to 10 digits
|
20
|
LOAN_NBR
|
A
unique identifier assigned to each loan by the investor.
|
|
Text
up to 10 digits
|
10
|
SERVICER_LOAN_NBR
|
A
unique number assigned to a loan by the Servicer. This may be different
than the LOAN_NBR.
|
|
Text
up to 10 digits
|
10
|
BORROWER_NAME
|
The
borrower name as received in the file. It is not separated by first
and
last name.
|
|
Maximum
length of 30 (Last, First)
|
30
|
SCHED_PAY_AMT
|
Scheduled
monthly principal and scheduled interest payment that a borrower
is
expected to pay, P&I constant.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
NOTE_INT_RATE
|
The
loan interest rate as reported by the Servicer.
|
4
|
Max
length of 6
|
6
|
NET_INT_RATE
|
The
loan gross interest rate less the service fee rate as reported
by the
Servicer.
|
4
|
Max
length of 6
|
6
|
SERV_FEE_RATE
|
The
servicer's fee rate for a loan as reported by the Servicer.
|
4
|
Max
length of 6
|
6
|
SERV_FEE_AMT
|
The
servicer's fee amount for a loan as reported by the Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
NEW_PAY_AMT
|
The
new loan payment amount as reported by the Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
NEW_LOAN_RATE
|
The
new loan rate as reported by the Servicer.
|
4
|
Max
length of 6
|
6
|
ARM_INDEX_RATE
|
The
index the Servicer is using to calculate a forecasted
rate.
|
4
|
Max
length of 6
|
6
|
ACTL_BEG_PRIN_BAL
|
The
borrower's actual principal balance at the beginning of the processing
cycle.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
ACTL_END_PRIN_BAL
|
The
borrower's actual principal balance at the end of the processing
cycle.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
BORR_NEXT_PAY_DUE_DATE
|
The
date at the end of processing cycle that the borrower's next payment
is
due to the Servicer, as reported by Servicer.
|
|
MM/DD/YYYY
|
10
|
SERV_CURT_AMT_1
|
The
first curtailment amount to be applied.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SERV_CURT_DATE_1
|
The
curtailment date associated with the first curtailment amount.
|
|
MM/DD/YYYY
|
10
|
CURT_ADJ_
AMT_1
|
The
curtailment interest on the first curtailment amount, if
applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SERV_CURT_AMT_2
|
The
second curtailment amount to be applied.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SERV_CURT_DATE_2
|
The
curtailment date associated with the second curtailment
amount.
|
|
MM/DD/YYYY
|
10
|
CURT_ADJ_
AMT_2
|
The
curtailment interest on the second curtailment amount, if
applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SERV_CURT_AMT_3
|
The
third curtailment amount to be applied.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SERV_CURT_DATE_3
|
The
curtailment date associated with the third curtailment
amount.
|
|
MM/DD/YYYY
|
10
|
CURT_ADJ_AMT_3
|
The
curtailment interest on the third curtailment amount, if
applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
PIF_AMT
|
The
loan "paid in full" amount as reported by the Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
PIF_DATE
|
The
paid in full date as reported by the Servicer.
|
|
MM/DD/YYYY
|
10
|
|
|
|
Action
Code Key: 15=Bankruptcy, 00xXxxxxxxxxxx, , 00xXXX, 63=Substitution,
65=Repurchase,70=REO
|
2
|
ACTION_CODE
|
The
standard FNMA numeric code used to indicate the default/delinquent
status
of a particular loan.
|
|||
INT_ADJ_AMT
|
The
amount of the interest adjustment as reported by the
Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SOLDIER_SAILOR_ADJ_AMT
|
The
Soldier and Sailor Adjustment amount, if applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
NON_ADV_LOAN_AMT
|
The
Non Recoverable Loan Amount, if applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
LOAN_LOSS_AMT
|
The
amount the Servicer is passing as a loss, if applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SCHED_BEG_PRIN_BAL
|
The
scheduled outstanding principal amount due at the beginning of
the cycle
date to be passed through to investors.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SCHED_END_PRIN_BAL
|
The
scheduled principal balance due to investors at the end of a processing
cycle.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SCHED_PRIN_AMT
|
The
scheduled principal amount as reported by the Servicer for the
current
cycle -- only applicable for Scheduled/Scheduled Loans.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SCHED_NET_INT
|
The
scheduled gross interest amount less the service fee amount for
the
current cycle as reported by the Servicer -- only applicable for
Scheduled/Scheduled Loans.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
ACTL_PRIN_AMT
|
The
actual principal amount collected by the Servicer for the current
reporting cycle -- only applicable for Actual/Actual
Loans.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
ACTL_NET_INT
|
The
actual gross interest amount less the service fee amount for the
current
reporting cycle as reported by the Servicer -- only applicable
for
Actual/Actual Loans.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
PREPAY_PENALTY_
AMT
|
The
penalty amount received when a borrower prepays on his loan as
reported by
the Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
PREPAY_PENALTY_
WAIVED
|
The
prepayment penalty amount for the loan waived by the
servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
|
|
|
|
|
MOD_DATE
|
The
Effective Payment Date of the Modification for the loan.
|
|
MM/DD/YYYY
|
10
|
MOD_TYPE
|
The
Modification Type.
|
|
Varchar
- value can be alpha or numeric
|
30
|
DELINQ_P&I_ADVANCE_AMT
|
The
current outstanding principal and interest advances made by
Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
EXHIBIT
E
Standard
File Layout - Delinquency Reporting
Column/Header
Name
|
Description
|
Decimal
|
Formal
Comment
|
SERVICER_LOAN_NBR
|
A
unique number assigned to a loan by the Servicer. This may be different
than the LOAN_NBR
|
|
|
LOAN_NBR
|
A
unique identifier assigned to each loan by the originator.
|
|
|
CLIENT_NBR
|
Servicer
Client Number
|
||
SERV_INVESTOR_NBR
|
Contains
a unique number as assigned by an external servicer to identify
a group of
loans in their system.
|
|
|
BORROWER_FIRST_NAME
|
First
Name of the Borrower.
|
||
BORROWER_LAST_NAME
|
Last
name of the borrower.
|
||
PROP_ADDRESS
|
Street
Name and Number of Property
|
|
|
PROP_STATE
|
The
state where the property located.
|
|
|
PROP_ZIP
|
Zip
code where the property is located.
|
|
|
BORR_NEXT_PAY_DUE_DATE
|
The
date that the borrower's next payment is due to the servicer at
the end of
processing cycle, as reported by Servicer.
|
MM/DD/YYYY
|
|
LOAN_TYPE
|
Loan
Type (i.e. FHA, VA, Conv)
|
|
|
BANKRUPTCY_FILED_DATE
|
The
date a particular bankruptcy claim was filed.
|
MM/DD/YYYY
|
|
BANKRUPTCY_CHAPTER_CODE
|
The
chapter under which the bankruptcy was filed.
|
|
|
BANKRUPTCY_CASE_NBR
|
The
case number assigned by the court to the bankruptcy
filing.
|
|
|
POST_PETITION_DUE_DATE
|
The
payment due date once the bankruptcy has been approved by the
courts
|
MM/DD/YYYY
|
|
BANKRUPTCY_DCHRG_DISM_DATE
|
The
Date The Loan Is Removed From Bankruptcy. Either by Dismissal,
Discharged
and/or a Motion For Relief Was Granted.
|
MM/DD/YYYY
|
|
LOSS_MIT_APPR_DATE
|
The
Date The Loss Mitigation Was Approved By The Servicer
|
MM/DD/YYYY
|
|
LOSS_MIT_TYPE
|
The
Type Of Loss Mitigation Approved For A Loan Such As;
|
||
LOSS_MIT_EST_COMP_DATE
|
The
Date The Loss Mitigation /Plan Is Scheduled To End/Close
|
MM/DD/YYYY
|
|
LOSS_MIT_ACT_COMP_DATE
|
The
Date The Loss Mitigation Is Actually Completed
|
MM/DD/YYYY
|
|
FRCLSR_APPROVED_DATE
|
The
date DA Admin sends a letter to the servicer with instructions
to begin
foreclosure proceedings.
|
MM/DD/YYYY
|
|
ATTORNEY_REFERRAL_DATE
|
Date
File Was Referred To Attorney to Pursue Foreclosure
|
MM/DD/YYYY
|
|
FIRST_LEGAL_DATE
|
Notice
of 1st legal filed by an Attorney in a Foreclosure Action
|
MM/DD/YYYY
|
|
FRCLSR_SALE_EXPECTED_DATE
|
The
date by which a foreclosure sale is expected to occur.
|
MM/DD/YYYY
|
|
FRCLSR_SALE_DATE
|
The
actual date of the foreclosure sale.
|
MM/DD/YYYY
|
|
FRCLSR_SALE_AMT
|
The
amount a property sold for at the foreclosure sale.
|
2
|
No
commas(,) or dollar signs ($)
|
EVICTION_START_DATE
|
The
date the servicer initiates eviction of the borrower.
|
MM/DD/YYYY
|
|
EVICTION_COMPLETED_DATE
|
The
date the court revokes legal possession of the property from the
borrower.
|
MM/DD/YYYY
|
|
LIST_PRICE
|
The
price at which an REO property is marketed.
|
2
|
No
commas(,) or dollar signs ($)
|
LIST_DATE
|
The
date an REO property is listed at a particular price.
|
MM/DD/YYYY
|
|
OFFER_AMT
|
The
dollar value of an offer for an REO property.
|
2
|
No
commas(,) or dollar signs ($)
|
OFFER_DATE_TIME
|
The
date an offer is received by DA Admin or by the Servicer.
|
MM/DD/YYYY
|
|
REO_CLOSING_DATE
|
The
date the REO sale of the property is scheduled to close.
|
MM/DD/YYYY
|
|
REO_ACTUAL_CLOSING_DATE
|
Actual
Date Of REO Sale
|
MM/DD/YYYY
|
|
OCCUPANT_CODE
|
Classification
of how the property is occupied.
|
|
|
PROP_CONDITION_CODE
|
A
code that indicates the condition of the property.
|
|
|
PROP_INSPECTION_DATE
|
The
date a property inspection is performed.
|
MM/DD/YYYY
|
|
APPRAISAL_DATE
|
The
date the appraisal was done.
|
MM/DD/YYYY
|
|
CURR_PROP_VAL
|
The
current "as is" value of the property based on brokers price opinion
or
appraisal.
|
2
|
|
REPAIRED_PROP_VAL
|
The
amount the property would be worth if repairs are completed pursuant
to a
broker's price opinion or appraisal.
|
2
|
|
If
applicable:
|
|
|
|
DELINQ_STATUS_CODE
|
FNMA
Code Describing Status of Loan
|
||
DELINQ_REASON_CODE
|
The
circumstances which caused a borrower to stop paying on a loan.
Code
indicates the reason why the loan is in default for this
cycle.
|
||
MI_CLAIM_FILED_DATE
|
Date
Mortgage Insurance Claim Was Filed With Mortgage Insurance
Company.
|
MM/DD/YYYY
|
|
MI_CLAIM_AMT
|
Amount
of Mortgage Insurance Claim Filed
|
No
commas(,) or dollar signs ($)
|
|
MI_CLAIM_PAID_DATE
|
Date
Mortgage Insurance Company Disbursed Claim Payment
|
MM/DD/YYYY
|
|
MI_CLAIM_AMT_PAID
|
Amount
Mortgage Insurance Company Paid On Claim
|
2
|
No
commas(,) or dollar signs ($)
|
POOL_CLAIM_FILED_DATE
|
Date
Claim Was Filed With Pool Insurance Company
|
MM/DD/YYYY
|
|
POOL_CLAIM_AMT
|
Amount
of Claim Filed With Pool Insurance Company
|
2
|
No
commas(,) or dollar signs ($)
|
POOL_CLAIM_PAID_DATE
|
Date
Claim Was Settled and The Check Was Issued By The Pool
Insurer
|
MM/DD/YYYY
|
|
POOL_CLAIM_AMT_PAID
|
Amount
Paid On Claim By Pool Insurance Company
|
2
|
No
commas(,) or dollar signs ($)
|
FHA_PART_A_CLAIM_FILED_DATE
|
Date
FHA Part A Claim Was Filed With HUD
|
MM/DD/YYYY
|
|
FHA_PART_A_CLAIM_AMT
|
Amount
of FHA Part A Claim Filed
|
2
|
No
commas(,) or dollar signs ($)
|
FHA_PART_A_CLAIM_PAID_DATE
|
Date
HUD Disbursed Part A Claim Payment
|
MM/DD/YYYY
|
|
FHA_PART_A_CLAIM_PAID_AMT
|
Amount
HUD Paid on Part A Claim
|
2
|
No
commas(,) or dollar signs ($)
|
FHA_PART_B_CLAIM_FILED_DATE
|
Date
FHA Part B Claim Was Filed With HUD
|
MM/DD/YYYY
|
|
FHA_PART_B_CLAIM_AMT
|
Amount
of FHA Part B Claim Filed
|
2
|
No
commas(,) or dollar signs ($)
|
FHA_PART_B_CLAIM_PAID_DATE
|
Date
HUD Disbursed Part B Claim Payment
|
MM/DD/YYYY
|
|
FHA_PART_B_CLAIM_PAID_AMT
|
Amount
HUD Paid on Part B Claim
|
2
|
No
commas(,) or dollar signs ($)
|
VA_CLAIM_FILED_DATE
|
Date
VA Claim Was Filed With the Veterans Admin
|
MM/DD/YYYY
|
|
VA_CLAIM_PAID_DATE
|
Date
Veterans Admin. Disbursed VA Claim Payment
|
MM/DD/YYYY
|
|
VA_CLAIM_PAID_AMT
|
Amount
Veterans Admin. Paid on VA Claim
|
2
|
No
commas(,) or dollar signs ($)
|
Exhibit
2: Standard
File Codes - Delinquency Reporting
The
Loss
Mit Type
field
should show the approved Loss Mitigation Code as follows:
· ASUM-
|
Approved
Assumption
|
· BAP-
|
Borrower
Assistance Program
|
· CO-
|
Charge
Off
|
· DIL-
|
Deed-in-Lieu
|
· FFA-
|
Formal
Forbearance Agreement
|
· MOD-
|
Loan
Modification
|
· PRE-
|
Pre-Sale
|
· SS-
|
Short
Sale
|
· MISC-
|
Anything
else approved by the PMI or Pool
Insurer
|
NOTE:
Xxxxx Fargo Bank will accept alternative Loss Mitigation Types to those above,
provided that they are consistent with industry standards. If Loss Mitigation
Types other than those above are used, the Servicer must supply Xxxxx Fargo
Bank
with a description of each of the Loss Mitigation Types prior to sending
the
file.
The
Occupant
Code
field should show the current status of the property code as
follows:
· Mortgagor
|
· Tenant
|
· Unknown
|
· Vacant
|
The
Property
Condition
field should show the last reported condition of the property as follows:
· Damaged
|
· Excellent
|
· Fair
|
· Gone
|
· Good
|
· Poor
|
· Special
Hazard
|
· Unknown
|
Exhibit
2: Standard
File Codes - Delinquency Reporting, Continued
The
FNMA
Delinquent Reason Code
field should show the Reason for Delinquency as follows:
Delinquency
Code
|
Delinquency
Description
|
001
|
FNMA-Death
of principal mortgagor
|
002
|
FNMA-Illness
of principal mortgagor
|
003
|
FNMA-Illness
of mortgagor’s family member
|
004
|
FNMA-Death
of mortgagor’s family member
|
005
|
FNMA-Marital
difficulties
|
006
|
FNMA-Curtailment
of income
|
007
|
FNMA-Excessive
Obligation
|
008
|
FNMA-Abandonment
of property
|
009
|
FNMA-Distant
employee transfer
|
011
|
FNMA-Property
problem
|
012
|
FNMA-Inability
to sell property
|
013
|
FNMA-Inability
to rent property
|
014
|
FNMA-Military
Service
|
015
|
FNMA-Other
|
016
|
FNMA-Unemployment
|
017
|
FNMA-Business
failure
|
019
|
FNMA-Casualty
loss
|
022
|
FNMA-Energy
environment costs
|
023
|
FNMA-Servicing
problems
|
026
|
FNMA-Payment
adjustment
|
027
|
FNMA-Payment
dispute
|
029
|
FNMA-Transfer
of ownership pending
|
030
|
FNMA-Fraud
|
031
|
FNMA-Unable
to contact borrower
|
INC
|
FNMA-Incarceration
|
Exhibit
2: Standard
File Codes - Delinquency Reporting, Continued
The
FNMA
Delinquent Status Code
field should show the Status of Default as follows:
Status
Code
|
Status
Description
|
09
|
Forbearance
|
17
|
Pre-foreclosure
Sale Closing Plan Accepted
|
24
|
Government
Seizure
|
26
|
Refinance
|
27
|
Assumption
|
28
|
Modification
|
29
|
Charge-Off
|
30
|
Third
Party Sale
|
31
|
Probate
|
32
|
Military
Indulgence
|
43
|
Foreclosure
Started
|
44
|
Deed-in-Lieu
Started
|
49
|
Assignment
Completed
|
61
|
Second
Lien Considerations
|
62
|
Veteran’s
Affairs-No Bid
|
63
|
Veteran’s
Affairs-Refund
|
64
|
Veteran’s
Affairs-Buydown
|
65
|
Chapter
7 Bankruptcy
|
66
|
Chapter
11 Bankruptcy
|
67
|
Chapter
13 Bankruptcy
|
EXHIBIT
F
Calculation
of Realized Loss/Gain Form 332- Instruction Sheet
NOTE:
Do
not net or combine items. Show all expenses individually and all credits
as
separate line items. Claim packages are due on the remittance report date.
Late
submissions may result in claims not being passed until the following month.
The
Servicer is responsible to remit all funds pending loss approval and /or
resolution of any disputed items.
The
numbers on the 332 form correspond with the numbers listed below.
Liquidation
and Acquisition Expenses:
1.
|
The
Actual Unpaid Principal Balance of the Mortgage Loan. For documentation,
an Amortization Schedule from date of default through liquidation
breaking
out the net interest and servicing fees advanced is
required.
|
2.
|
The
Total Interest Due less the aggregate amount of servicing fee that
would
have been earned if all delinquent payments had been made as agreed.
For
documentation, an Amortization Schedule from date of default through
liquidation breaking out the net interest and servicing fees advanced
is
required.
|
3.
|
Accrued
Servicing Fees based upon the Scheduled Principal Balance of the
Mortgage
Loan as calculated on a monthly basis. For documentation, an Amortization
Schedule from date of default through liquidation breaking out
the net
interest and servicing fees advanced is required.
|
4-12.
|
Complete
as applicable. Required documentation:
|
*
For taxes and insurance advances - see page 2 of 332 form - breakdown
required showing period
|
|
of
coverage, base tax, interest, penalty. Advances prior to default
require
evidence of servicer efforts to recover advances.
|
|
*
For escrow advances - complete payment history
|
|
(to
calculate advances from last positive escrow balance
forward)
|
|
*
Other expenses - copies of corporate advance history showing all
payments
|
|
*
REO repairs > $1500 require explanation
|
|
*
REO repairs >$3000 require evidence of at least 2
bids.
|
|
*
Short Sale or Charge Off require P&L supporting the decision and WFB’s
approved Officer Certificate
|
|
*
Unusual or extraordinary items may require further documentation.
|
|
13.
|
The
total of lines 1 through 12.
|
(c)
Credits:
14-21.
|
Complete
as applicable. Required documentation:
|
*
Copy of the HUD 1 from the REO sale. If a 3rd
Party Sale, bid instructions and Escrow Agent /
Attorney
|
|
Letter
of Proceeds Breakdown.
|
|
*
Copy of EOB for any MI or gov't guarantee
|
|
*
All other credits need to be clearly defined on the 332
form
|
|
22.
|
The
total of lines 14 through 21.
|
Please
Note: For
HUD/VA loans, use line (18a) for Part A/Initial proceeds and line (18b) for
Part
B/Supplemental proceeds.
Total
Realized Loss (or Amount of Any Gain)
23. The
total
derived from subtracting line 22 from 13. If the amount represents a realized
gain, show
the
amount in parenthesis ( ).
Calculation
of Realized Loss/Gain Form 332
Prepared
by: __________________ Date:
_______________
Phone:
______________________
Email Address:_____________________
Servicer
Loan No.
|
Servicer
Name
|
Servicer
Address
|
XXXXX
FARGO BANK, N.A. Loan No._____________________________
Borrower's
Name: _________________________________________________________
Property
Address: _________________________________________________________
Liquidation
Type: REO Sale
3rd
Party Sale Short
Sale Charge
Off
Was
this loan granted a Bankruptcy deficiency or cramdown Yes No
If
“Yes”,
provide deficiency or cramdown amount
_______________________________
Liquidation
and Acquisition Expenses:
|
(1)
|
Actual
Unpaid Principal Balance of Mortgage Loan
|
$
______________
|
(1)
|
|||||
|
(2)
|
Interest
accrued at Net Rate
|
________________
|
(2)
|
|||||
|
(3)
|
Accrued
Servicing Fees
|
________________
|
(3)
|
|||||
|
(4)
|
Attorney's
Fees
|
________________
|
(4)
|
|||||
|
(5)
|
Taxes
|
________________
|
(5)
|
|||||
|
(6)
|
Property
Maintenance
|
________________
|
(6)
|
|||||
|
(7)
|
MI/Hazard
Insurance Premiums
|
________________
|
(7)
|
|||||
|
(8)
|
Utility
Expenses
|
________________
|
(8)
|
|||||
|
(9)
|
Appraisal/BPO
|
________________
|
(9)
|
|||||
|
(10)
|
Property
Inspections
|
________________
|
(10)
|
|||||
|
(11)
|
FC
Costs/Other Legal Expenses
|
________________
|
(11)
|
|||||
|
(12)
|
Other
(itemize)
|
$________________
|
(12)
|
|||||
|
Cash
for Keys__________________________
|
|
________________
|
|
|||||
|
HOA/Condo
Fees_______________________
|
|
________________
|
|
|||||
|
______________________________________
|
|
________________
|
|
|||||
|
______________________________________
|
|
________________
|
|
|||||
|
Total
Expenses
|
|
$
_______________
|
(13)
|
|||||
|
Credits:
|
|
|
|
|||||
|
(14)
|
Escrow
Balance
|
$
_______________
|
(14)
|
|||||
|
(15)
|
HIP
Refund
|
________________
|
(15)
|
|||||
|
(16)
|
Rental
Receipts
|
________________
|
(16)
|
|||||
|
(17)
|
Hazard
Loss Proceeds
|
________________
|
(17)
|
|||||
|
(18)
|
Primary
Mortgage Insurance Proceeds
|
________________
|
(18)
|
|||||
HUD Part A | ________________ | (18a) | |||||||
HUD Part B |
________________
|
(18b) | |||||||
|
(19)
|
Pool
Insurance Proceeds
|
________________
|
(19)
|
|||||
|
(20)
|
Proceeds
from Sale of Acquired Property
|
________________
|
(20)
|
|||||
|
(21)
|
Other
(itemize)
|
________________
|
(21)
|
|||||
|
_________________________________________
|
|
_________________
|
|
|||||
|
_________________________________________
|
|
_________________
|
|
|||||
|
Total
Credits
|
$________________
|
(22)
|
||||||
Total
Realized Loss (or Amount of Gain)
|
$________________
|
(23)
|
|||||||
Escrow
Disbursement Detail
Type
(Tax
/Ins.)
|
Date
Paid
|
Period
of Coverage
|
Total
Paid
|
Base
Amount
|
Penalties
|
Interest
|
|
||||||
|
||||||
|
||||||
|
||||||
|
||||||
|
||||||
|
||||||
|
EXHIBIT
G
SERVICING
CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE
The
assessment of compliance to be delivered by [the Servicer] [Name of Subservicer]
shall address, at a minimum, the criteria identified as below as “Applicable
Servicing Criteria”:
Servicing
Criteria
|
Applicable
Servicing
Criteria
|
|
Reference
|
Criteria
|
|
General
Servicing Considerations
|
||
1122(d)(1)(i)
|
Policies
and procedures are instituted to monitor any performance or other
triggers
and events of default in accordance with the transaction
agreements.
|
X
|
1122(d)(1)(ii)
|
If
any material servicing activities are outsourced to third parties,
policies and procedures are instituted to monitor the third party’s
performance and compliance with such servicing activities.
|
X
|
1122(d)(1)(iii)
|
Any
requirements in the transaction agreements to maintain a back-up
servicer
for the mortgage loans are maintained.
|
|
1122(d)(1)(iv)
|
A
fidelity bond and errors and omissions policy is in effect on the
party
participating in the servicing function throughout the reporting
period in
the amount of coverage required by and otherwise in accordance
with the
terms of the transaction agreements.
|
X
|
Cash
Collection and Administration
|
||
1122(d)(2)(i)
|
Payments
on mortgage loans are deposited into the appropriate custodial
bank
accounts and related bank clearing accounts no more than two business
days
following receipt, or such other number of days specified in the
transaction agreements.
|
X
|
1122(d)(2)(ii)
|
Disbursements
made via wire transfer on behalf of an obligor or to an investor
are made
only by authorized personnel.
|
X
|
1122(d)(2)(iii)
|
Advances
of funds or guarantees regarding collections, cash flows or distributions,
and any interest or other fees charged for such advances, are made,
reviewed and approved as specified in the transaction
agreements.
|
X
|
1122(d)(2)(iv)
|
The
related accounts for the transaction, such as cash reserve accounts
or
accounts established as a form of overcollateralization, are separately
maintained (e.g., with respect to commingling of cash) as set forth
in the
transaction agreements.
|
X
|
1122(d)(2)(v)
|
Each
custodial account is maintained at a federally insured depository
institution as set forth in the transaction agreements. For purposes
of
this criterion, “federally insured depository institution” with respect to
a foreign financial institution means a foreign financial institution
that
meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange
Act.
|
X
|
1122(d)(2)(vi)
|
Unissued
checks are safeguarded so as to prevent unauthorized
access.
|
X
|
1122(d)(2)(vii)
|
Reconciliations
are prepared on a monthly basis for all asset-backed securities
related
bank accounts, including custodial accounts and related bank clearing
accounts. These reconciliations are (A) mathematically accurate;
(B)
prepared within 30 calendar days after the bank statement cutoff
date, or
such other number of days specified in the transaction agreements;
(C)
reviewed and approved by someone other than the person who prepared
the
reconciliation; and (D) contain explanations for reconciling items.
These
reconciling items are resolved within 90 calendar days of their
original
identification, or such other number of days specified in the transaction
agreements.
|
X
|
Investor
Remittances and Reporting
|
||
1122(d)(3)(i)
|
Reports
to investors, including those to be filed with the Commission,
are
maintained in accordance with the transaction agreements and applicable
Commission requirements. Specifically, such reports (A) are prepared
in
accordance with timeframes and other terms set forth in the transaction
agreements; (B) provide information calculated in accordance with
the
terms specified in the transaction agreements; (C) are filed with
the
Commission as required by its rules and regulations; and (D) agree
with
investors’ or the trustee’s records as to the total unpaid principal
balance and number of mortgage loans serviced by the
Servicer.
|
X
|
1122(d)(3)(ii)
|
Amounts
due to investors are allocated and remitted in accordance with
timeframes,
distribution priority and other terms set forth in the transaction
agreements.
|
X
|
1122(d)(3)(iii)
|
Disbursements
made to an investor are posted within two business days to the
Servicer’s
investor records, or such other number of days specified in the
transaction agreements.
|
X
|
1122(d)(3)(iv)
|
Amounts
remitted to investors per the investor reports agree with cancelled
checks, or other form of payment, or custodial bank
statements.
|
X
|
Pool
Asset Administration
|
||
1122(d)(4)(i)
|
Collateral
or security on mortgage loans is maintained as required by the
transaction
agreements or related mortgage loan documents.
|
X
|
1122(d)(4)(ii)
|
Mortgage
loan and related documents are safeguarded as required by the transaction
agreements.
|
X
|
1122(d)(4)(iii)
|
Any
additions, removals or substitutions to the asset pool are made,
reviewed
and approved in accordance with any conditions or requirements
in the
transaction agreements.
|
X
|
1122(d)(4)(iv)
|
Payments
on mortgage loans, including any payoffs, made in accordance with
the
related mortgage loan documents are posted to the Servicer’s obligor
records maintained no more than two business days after receipt,
or such
other number of days specified in the transaction agreements, and
allocated to principal, interest or other items (e.g., escrow)
in
accordance with the related mortgage loan documents.
|
X
|
1122(d)(4)(v)
|
The
Servicer’s records regarding the mortgage loans agree with the Servicer’s
records with respect to an obligor’s unpaid principal
balance.
|
X
|
1122(d)(4)(vi)
|
Changes
with respect to the terms or status of an obligor’s mortgage loans (e.g.,
loan modifications or re-agings) are made, reviewed and approved
by
authorized personnel in accordance with the transaction agreements
and
related pool asset documents.
|
X
|
1122(d)(4)(vii)
|
Loss
mitigation or recovery actions (e.g., forbearance plans, modifications
and
deeds in lieu of foreclosure, foreclosures and repossessions, as
applicable) are initiated, conducted and concluded in accordance
with the
timeframes or other requirements established by the transaction
agreements.
|
X
|
1122(d)(4)(viii)
|
Records
documenting collection efforts are maintained during the period
a mortgage
loan is delinquent in accordance with the transaction agreements.
Such
records are maintained on at least a monthly basis, or such other
period
specified in the transaction agreements, and describe the entity’s
activities in monitoring delinquent mortgage loans including, for
example,
phone calls, letters and payment rescheduling plans in cases where
delinquency is deemed temporary (e.g., illness or
unemployment).
|
X
|
1122(d)(4)(ix)
|
Adjustments
to interest rates or rates of return for mortgage loans with variable
rates are computed based on the related mortgage loan
documents.
|
X
|
1122(d)(4)(x)
|
Regarding
any funds held in trust for an obligor (such as escrow accounts):
(A) such
funds are analyzed, in accordance with the obligor’s mortgage loan
documents, on at least an annual basis, or such other period specified
in
the transaction agreements; (B) interest on such funds is paid,
or
credited, to obligors in accordance with applicable mortgage loan
documents and state laws; and (C) such funds are returned to the
obligor
within 30 calendar days of full repayment of the related mortgage
loans,
or such other number of days specified in the transaction
agreements.
|
X
|
1122(d)(4)(xi)
|
Payments
made on behalf of an obligor (such as tax or insurance payments)
are made
on or before the related penalty or expiration dates, as indicated
on the
appropriate bills or notices for such payments, provided that such
support
has been received by the servicer at least 30 calendar days prior
to these
dates, or such other number of days specified in the transaction
agreements.
|
X
|
1122(d)(4)(xii)
|
Any
late payment penalties in connection with any payment to be made
on behalf
of an obligor are paid from the servicer’s funds and not charged to the
obligor, unless the late payment was due to the obligor’s error or
omission.
|
X
|
1122(d)(4)(xiii)
|
Disbursements
made on behalf of an obligor are posted within two business days
to the
obligor’s records maintained by the servicer, or such other number of days
specified in the transaction agreements.
|
X
|
1122(d)(4)(xiv)
|
Delinquencies,
charge-offs and uncollectible accounts are recognized and recorded
in
accordance with the transaction agreements.
|
X
|
1122(d)(4)(xv)
|
Any
external enhancement or other support, identified in Item 1114(a)(1)
through (3) or Item 1115 of Regulation AB, is maintained as set
forth in
the transaction agreements.
|
[X]
if
obligated under transaction documents
|
EXHIBIT
H
FORM
OF ANNUAL CERTIFICATION
Re: |
The
[
]
agreement
dated as of [ ],
200[ ] (the
“Agreement”), among [IDENTIFY
PARTIES]
|
I,
________________________________, the _______________________ of [NAME OF
COMPANY], certify to, [the Depositor], and the Master Servicer [,Trustee],
and
their officers, with the knowledge and intent that they will rely upon this
certification, that:
(1) I
have
reviewed the servicer compliance statement of the Servicer provided in
accordance with Item 1123 of Regulation AB (the “Compliance Statement”), the
report on assessment of the Servicer’s compliance with the servicing criteria
set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided
in accordance with Rules 13a-18 and 15d-18 under Securities Exchange Act
of
1934, as amended (the “Exchange Act”) and Item 1122 of Regulation AB (the
“Servicing Assessment”), the registered public accounting firm’s attestation
report provided in accordance with Rules 13a-18 and 15d-18 under the Exchange
Act and Section 1122(b) of Regulation AB (the “Attestation
Report”), and all servicing reports, officer’s certificates and other
information relating to the servicing of the Mortgage Loans by the Servicer
during 200[ ] that were delivered by the Servicer to [Xxxxx Fargo] pursuant
to
the Agreement (collectively, the “Servicer Servicing Information”);
(2) Based
on
my knowledge, the Servicer Servicing Information, taken as a whole, does
not
contain any untrue statement of a material fact or omit to state a material
fact
necessary to make the statements made, in the light of the circumstances
under
which such statements were made, not misleading with respect to the period
of
time covered by the Servicer Servicing Information;
(3) Based
on
my knowledge, all of the Servicer Servicing Information required to be provided
by the Servicer under the Agreement has been provided to [Xxxxx
Fargo];
(4) I
am
responsible for reviewing the activities performed by the Servicer as servicer
under the Agreement, and based on my knowledge and the compliance review
conducted in preparing the Compliance Statement and except as disclosed in
the
Compliance Statement, the Servicing Assessment or the Attestation Report,
the
Servicer has fulfilled its obligations under the Agreement in all material
respects; and
(5) The
Compliance Statement required to be delivered by the Servicer pursuant to
[the
Agreement]1 ,
and the
Servicing Assessment and Attestation Report required to be provided by the
Servicer and by any Subservicer and Subcontractor pursuant to the Agreement,
have been provided to [Xxxxx Fargo]. Any material instances of noncompliance
described in such reports have been disclosed to [Xxxxx Fargo]. Any material
instance of noncompliance with the Servicing Criteria has been disclosed
in such
reports.
Date: _________________________
By:
Name:
________________________________
1
need to
define agreement
EXHIBIT
N
FORM
OF
CUSTODIAL AGREEMENT
THIS
CUSTODIAL AGREEMENT (as amended and supplemented from time to time, the
“Agreement”), dated as of June 26, 2006, by and among HSBC BANK USA, NATIONAL
ASSOCIATION, not individually but solely as trustee under the Pooling and
Servicing Agreement defined below (including its successors under the Pooling
and Servicing Agreement defined below, the “Trustee”), OPTEUM MORTGAGE
ACCEPTANCE CORPORATION, as depositor (together with any successor in interest,
the “Depositor”), XXXXX FARGO BANK, N.A., as master servicer and securities
administrator (together with any successor in interest or successor under
the
Pooling and Servicing Agreement referred to below, the “Master Servicer”), and
X.X.
XXXXXX TRUST COMPANY,
NATIONAL ASSOCIATION, as custodian (together with any successor in interest
or
any successor appointed hereunder, the “Custodian”).
WITNESSETH
THAT:
WHEREAS,
the Depositor, the Master Servicer, and the Trustee have entered into a Pooling
and Servicing Agreement, dated as of June 1, 2006, relating to the issuance
of
OMAC Mortgage Trust 2006-2, Asset-Backed Pass-Through Certificates, Series
2006-2 (as in effect on the date of this Agreement, the “Pooling and Servicing
Agreement,”); and
WHEREAS,
the Custodian has agreed to act as agent for the Trustee for the purposes
of
receiving and holding certain documents and other instruments delivered by
the
Depositor or the Master Servicer under the Pooling and Servicing Agreement,
all
upon the terms and conditions and subject to the limitations hereinafter
set
forth;
NOW,
THEREFORE, in consideration of the premises and the mutual covenants and
agreements hereinafter set forth, the Trustee, the Depositor, the Master
Servicer and the Custodian hereby agree as follows:
SECTION
1.
DEFINITIONS
1.1 Capitalized
terms used in this Agreement and not defined herein shall have the meanings
assigned in the Pooling and Servicing Agreement, unless otherwise required
by
the context herein.
(a) Delivery
Date: A date which is (a) no later than the Closing Date, with respect to
the
Initial Mortgage Loans (other than 556 Initial Mortgage Loans listed in a
separate bailee letter), (b) no later than two (2) business days after the
closing date with respect to 556 Initial Mortgage Loans referenced in such
bailee letter, and/or (c) two (2) business days before any Subsequent Transfer
Date for any Subsequent Mortgage Loans.
SECTION
2.
CUSTODY
OF MORTGAGE DOCUMENTS
2.1 Delivery
of Mortgage Files
and
Mortgage Loan Schedule. On or prior to Delivery Date the Depositor shall
deliver
or cause to be delivered to the Custodian 1) the Mortgage Files being sold
on
the relevant Closing Date or Subsequent Transfer Date and 2) the Mortgage
Loan
Schedule in an electronic format acceptable to Depositor and
Custodian.
2.2 Custodian
to Act as Agent: Acceptance
of Mortgage Files. The Custodian, as the duly appointed custodial agent of
the Trustee for these purposes, acknowledges (subject to any exceptions noted
in
the Initial Certification referred to in Section 2.3(a)), receipt of the
Mortgage Files relating to the Mortgage Loans identified on the schedule
attached hereto (the “Mortgage Files”) and declares that it holds and will hold
such Mortgage Files as agent for the Trustee, in trust, for the use and benefit
of all present and future Certificateholders. Additionally, the Custodian
agrees
that upon receipt of the Mortgage Loans identified in the schedule of Subsequent
Mortgage Loans to be transferred on the Subsequent Transfer Date that it
will
hold such Mortgage Files as agent for the Trustee, in trust, for the use
and
benefit of all present and future Certificateholders. Custodian may rely
upon
the representation made by Depositor in identifying Mortgage Loans registered
on
MERS as such on the Mortgage Loan Schedule and shall not be responsible for
independently verifying such loans as registered on MERS.
2.3 Delivery
of Trailing Documents.All
original documents relating to the Mortgage Loans that are not delivered
to the
Custodian are and shall be held by or on behalf of the Depositor in trust
for
the benefit of the Trustee. In the event that any such original document
is
required pursuant to the terms of this Section to be part of a Mortgage File,
such document shall be delivered promptly to the Custodian.
2.4 Recordation
of Assignments. Within 30 days after the Closing Date, the Depositor shall
complete or cause to be completed the Assignments of the Initial Mortgage
Loans,
and within 30 days after the Subsequent Transfer Date, the Depositor shall
complete or cause to be completed the Assignments of the Subsequent Mortgage
Loans, in the name of “HSBC Bank USA, National Association, as trustee under the
Pooling and Servicing Agreement relating to Opteum Mortgage Acceptance
Corporation, Asset-Backed Pass-Through Certificates, Series 2006-2” (or shall
prepare or cause to be prepared new forms of Assignment in the name of the
Trustee). For each Mortgaged Property in a state, if any, which is specifically
excluded from the Opinion of Counsel delivered by the Depositor to the Trustee
and the Custodian, each such Assignment shall be recorded in the appropriate
public office for real property records, and returned to the Custodian, at
no
expense to the Custodian. Opinion of Counsel must be provided to Custodian
along
with Mortgage Loan Schedule or within a reasonable time thereafter.
2.5 Review
of Mortgage Files.
(a) The
Custodian will review each Mortgage File to ascertain that all documents
required to be delivered to it are in its possession, and the Custodian agrees
to execute and deliver, or cause to be executed and delivered, to the Depositor
on the Closing Date, with respect to each Mortgage Loan, an Initial
Certification in the form annexed hereto as Exhibit One to the effect that,
as
to each Mortgage Loan listed in the schedule attached hereto (the “Mortgage Loan
Schedule”) (other than any Mortgage Loan paid in full or any Mortgage Loan
specifically identified in the exception report attached to the Initial
Certification as not covered by such certification), (i) all documents required
to be delivered to it pursuant to this Agreement with respect to such Mortgage
Loan are in its possession, and (ii) such documents have been reviewed by
it and
appear regular on their face and relate to such Mortgage Loan. The Custodian
shall not be under any duty to determine whether any Mortgage File should
include any of the documents specified in clauses (v) or (vi) of this Section
2.5(a). The Custodian shall not be under any duty or obligation to inspect,
review or examine said documents, instruments, certificates or other papers
to
determine that the same are genuine, enforceable or appropriate for the
represented purpose or that they have actually been recorded, or they are
in
recordable form or that they are other than what they purport to be on their
face.
(b) Not
later
than 180 days after the Closing Date, the Custodian shall review the Mortgage
Files as provided in this Section 2.5 and deliver to the Depositor and the
Trustee a Final Certification in the form annexed hereto as Exhibit Three
evidencing the completeness of the Mortgage Files subject to any exceptions
listed on the exception report attached thereto.
(c) If
in the
process of reviewing the Mortgage Files and preparing the certifications
referred to above the Custodian finds any document or documents constituting
a
part of a Mortgage File to be missing or defective in any material respect,
the
Custodian shall promptly notify (in the form of an exception report) the
Trustee, the Sponsor, the Depositor and the Securities Administrator of such
defect. The Trustee shall then promptly request that the Sponsor cure any
such
defect within 60 days from the date on which the Sponsor was notified of
such
defect, and if the Sponsor does not cure such defect in all material respects
during such period, request on behalf of the Certificateholders that the
Sponsor
purchase such Mortgage Loan from the Trust Fund at the Purchase Price within
90
days after the date on which the Sponsor was notified of such defect; provided
that if such defect would cause the Mortgage Loan to be other than a “qualified
mortgage” as defined in Section 860G(a(3) of the Code, any such cure or
repurchase must occur within 90 days from the date such breach was discovered.
It is understood and agreed that the obligation of the Sponsor to cure a
material defect in, or purchase any Mortgage Loan as to which a material
defect
in a constituent document exists shall constitute the sole remedy respecting
such defect available to Certificateholders or the Trustee on behalf of
Certificateholders. The Purchase Price for the purchased Mortgage Loan shall
be
deposited or caused to be deposited upon receipt by the Master Servicer in
the
Custodial Account and, upon receipt by the Custodian of written notification
of
such deposit signed by a Servicing Officer, the Custodian shall release or
cause
to be released to the Sponsor the related Mortgage File and the Trustee shall
execute and deliver such instruments of transfer or assignment, in each case
without recourse, as the Sponsor shall require as necessary to vest in the
Sponsor ownership of any Mortgage Loan released pursuant hereto and at such
time
the Custodian shall have no further responsibility with respect to the related
Mortgage File.
(d) On
or
prior to the Subsequent Transfer Date, in accordance with this Section 2.5
of
the Pooling and Servicing Agreement, the Custodian shall deliver to the Trustee
an Initial Certification in the form annexed hereto as Exhibit Two evidencing
receipt (subject to any exceptions listed on the exception report attached
thereto) of a Mortgage File for each Subsequent Mortgage Loan listed in the
Subsequent Mortgage Loan Schedule (the “Subsequent Mortgage
Files”).
(e) Not
later
than 180 days after the Subsequent Transfer Date, the Custodian shall review
the
Subsequent Mortgage Files as provided in this Section 2.5 and deliver to
the
Depositor and the Trustee a Final Certification in the form annexed hereto
as
Exhibit Three evidencing the completeness of the Subsequent
Mortgage Files.
(f) In
reviewing the Mortgage Files as provided herein and in the Pooling and Servicing
Agreement, the Custodian shall make no representation as to and shall not
be
responsible to verify (i) the validity, legality, enforceability, due
authorization, recordability, sufficiency or genuineness of any of the documents
included in any Mortgage File or (ii) the collectibility, insurability,
effectiveness or suitability of any of the documents in any Mortgage
File.
Upon
receipt of written request from the Trustee, the Custodian shall as soon
as
practicable supply the Trustee with a list of all of the documents relating
to
the Mortgage Loans missing from the Mortgage Files.
2.6 Custodian
to Cooperate: Release of Mortgage Files.
Upon
receipt of notice from the Trustee or the Master Servicer of a repurchase
of a
Mortgage Loan pursuant to the Mortgage Loan Purchase Agreement or the Pooling
and Servicing Agreement, and that the purchase price therefore has been
deposited in the Custodial Account or the Certificate Account, then the
Custodian agrees to promptly release the related Mortgage File to the Sponsor
or
other party at the direction of the Trustee.
Upon
the
Custodian’s receipt of a request for release (a “Request
for Release”)
substantially in the form of Exhibit Six of this Agreement signed by a servicing
officer of the Servicer or a Servicing Officer of the Master Servicer stating
that it has received payment in full of a Mortgage Loan or that payment in
full
will be escrowed in a manner customary for such purposes, the Custodian agrees
promptly to release to the Servicer or the Master Servicer the related Mortgage
File. The Depositor shall deliver to the Custodian and the Custodian agrees
to
accept the Mortgage Note and other documents constituting the Mortgage File
with
respect to any Substitute Mortgage Loan.
From
time
to time as is appropriate for the servicing or foreclosure of any Mortgage
Loan,
including, for this purpose, collection under any Primary Insurance Policy,
the
Servicer (or if the Servicer does not, the Master Servicer) shall deliver
to the
Custodian a Request for Release signed by a Servicing Officer requesting
that
possession of the Mortgage File be released to the Servicer and certifying
as to
the reason for such release and that such release will not invalidate any
insurance coverage provided in respect of the Mortgage Loan under any of
the
Insurance Policies. Upon receipt of the foregoing, the Custodian shall deliver
the Mortgage File to the Servicer. The Servicer shall cause the Mortgage
File or
any document therein so released to be returned to the Custodian when the
need
therefore by the Servicer no longer exists, unless (i) the Mortgage Loan
has
been liquidated and the Liquidation Proceeds relating to the Mortgage Loan
have
been deposited in the Custodial Account or the Certificate Account or (ii)
the
Mortgage File or such document has been delivered to an attorney, or to a
public
trustee or other public official as required by law, for purposes of initiating
or pursuing legal action or other proceedings for the foreclosure of the
Mortgaged Property either judicially or non-judicially, and the Servicer
has
delivered to the Custodian a certificate of a servicing officer certifying
as to
the name and address of the Person to which such Mortgage File or such document
was delivered and the purpose or purposes of such delivery.
At
any
time that the Servicer is required to deliver to the Custodian a Request
for
Release, the Servicer shall deliver two copies of the Request for Release
if
delivered in hard copy or the Servicer may furnish such Request for Release
electronically in a form acceptable to the Custodian, in which event the
servicing officer transmitting the same shall be deemed to have signed the
Request for Release. In connection with any Request for Release of a Mortgage
File because of a repurchase of a Mortgage Loan, such Request for Release
shall
be followed by an assignment of mortgage, without recourse, representation
or
warranty from the Trustee to the Sponsor and the related Mortgage Note shall
be
endorsed without recourse by the Trustee and be returned to the Sponsor.
In
connection with any Request for Release of a Mortgage File because of the
payment in full of a Mortgage Loan, such Request for Release shall be
accompanied by a certificate of satisfaction or other similar instrument
to be
executed by or on behalf of the Trustee and returned to the
Servicer.
2.7 Assumption
Agreements.
In the
event that any assumption agreement, substitution of liability agreement
or sale
of servicing agreement is entered into with respect to any Mortgage Loan
subject
to this Agreement in accordance with the terms and provisions of the Pooling
and
Servicing Agreement, the Master Servicer, to the extent provided in the
Servicing Agreement, shall enforce the obligation of the Servicer to notify
the
Custodian that such assumption or substitution agreement has been completed
by
forwarding to the Custodian the original of such assumption or substitution
agreement, which shall be added to the related Mortgage File and, for all
purposes, shall be considered a part of such Mortgage File to the same extent
as
all other documents and instruments constituting parts thereof.
SECTION
3.
CONCERNING
THE CUSTODIAN
3.1 Custodian
as Bailee and Agent of the Trustee.
With
respect to each Mortgage Note, Mortgage and other documents constituting
each
Mortgage File which are delivered to the Custodian, the Custodian is exclusively
the bailee and custodial agent of the Trustee and has no instructions to
hold
any Mortgage Note or Mortgage for the benefit of any person other than the
Trustee and the Certificateholders and undertakes to perform such duties
and
only such duties as are specifically set forth in this Agreement and in the
Pooling and Servicing Agreement. Except upon compliance with the provisions
of
Section 2.4 of this Agreement, no Mortgage Note, Mortgage or Mortgage File
shall
be delivered by the Custodian to the Depositor, the Servicer or the Master
Servicer or otherwise released from the possession of the
Custodian.
3.2 Custodian
May Own Certificates. The Custodian in its individual or any other capacity
may become the owner or pledgee of Certificates with the same rights it would
have if it were not Custodian.
3.3 Master
Servicer to Pay Custodian’s Fees and Expenses. The Master Servicer covenants
and agrees to pay to the Custodian from time to time, and the Custodian shall
be
entitled to, reasonable compensation for all services rendered by it in the
exercise and performance of any of the powers and duties hereunder of the
Custodian, and the Master Servicer will pay or reimburse the Custodian upon
its
request for all reasonable expenses, disbursements and advances incurred
or made
by the Custodian in accordance with any of the provisions of this Agreement
(including the reasonable compensation and the expenses and disbursements
of its
counsel and of all persons not regularly in its employ), except any such
expense, disbursement or advance as may arise from its negligence or bad
faith
or to the extent that such cost or expense is indemnified by the Trust Fund
pursuant to the Pooling and Servicing Agreement.
3.4 Custodian
May Resign; Trustee May Remove Custodian. The Custodian may resign from the
obligations and duties hereby imposed upon it as such obligations and duties
relate to its acting as Custodian of the Mortgage Loans. Upon receiving such
written notice of resignation, the Trustee shall either take custody of the
Mortgage Files itself and give prompt written notice thereof to the Depositor,
the Master Servicer and the Custodian, or promptly appoint a successor Custodian
by written instrument, in duplicate, one copy of which instrument shall be
delivered to the resigning Custodian and one copy to the successor Custodian.
If
the Trustee shall not have taken custody of the Mortgage Files and no successor
Custodian shall have been so appointed and have accepted appointment within
30
days after the giving of such written notice of resignation, the resigning
Custodian may petition any court of competent jurisdiction for the appointment
of a successor Custodian.
The
Trustee may, with or without cause, upon at least 60 days notice remove and
discharge the Custodian from the performance of its duties with the consent
of
the Master Servicer. In such event, the Trustee shall appoint, or petition
a
court of competent jurisdiction to appoint, a successor Custodian hereunder.
Any
successor Custodian shall be a depository institution subject to supervision
or
examination by federal or state authority, shall be able to satisfy the other
requirements contained in Section 3.6 hereof and shall be unaffiliated with
the
Servicer or the Depositor.
Any
resignation or removal of the Custodian and appointment of a successor Custodian
pursuant to any of the provisions of this Section 3.4 shall become effective
upon acceptance of appointment by the successor Custodian. The Trustee shall
give prompt notice to the Depositor and the Master Servicer of the appointment
of any successor Custodian. No successor Custodian shall be appointed by
the
Trustee without the prior approval of the Depositor and the Master Servicer.
In
the event of such resignation or removal the Master Servicer shall be
responsible for the fees and expenses of the successor Custodian and the
fees
and expenses of the exiting Custodian if the termination was without
cause.
3.5 Merger
or Consolidation of Custodian.
Any
corporation or association into which the Custodian may be merged or converted
or with which it may be consolidated, or any corporation or association
resulting from any merger, conversion or consolidation to which the Custodian
shall be a party, or any corporation or association to which all or
substantially all of the corporate trust business of the Custodian may be
sold
or otherwise transferred, shall be the successor custodian hereunder without
any
further act.
3.6 Representations
of the Custodian. The Custodian hereby represents that it is a depository
institution subject to supervision or examination by a federal or state
authority, has a combined capital and surplus of at least $15,000,000 and
is
qualified to do business in the jurisdictions in which it will hold any Mortgage
File.
3.7 Standard
of Care; Indemnification. Neither the Custodian nor any parent, affiliate,
subsidiaries, directors, officers, agents or employees shall have any liability
arising from or related to this Custodial Agreement or any related document
or
agreement, except for any such liability resulting from the Custodian’s
negligence or willful misconduct. The Custodian shall be indemnified and
held
harmless from the Trust Fund to the extent provided in Section 6.03 of the
Pooling and Servicing Agreement. In no event shall the Custodian or its
officers, agents or employees be held liable for any special, indirect or
consequential damages resulting from any action taken or omitted to be taken
by
it or them hereunder or in connection herewith even if advised of the
possibilities of such damages.
3.8 Reliance;
Limitation of Custodian’s Duties. The Custodian shall have no duties or
obligations other than those specifically set forth herein or as may
subsequently be agreed to in writing by the parties hereto. The Custodian:
(a)
may consult with counsel and any Opinion of Counsel shall be full and complete
authorization and protection in respect of any action taken, suffered or
omitted
by it hereunder in good faith and in accordance with such Opinion of Counsel;
and shall not be liable for any error of judgment, or for any act done or
step
taken or omitted by it, in good faith, except for any such liability resulting
from the Custodian’s negligence or willful misconduct; (b) shall use the same
degree of care and skill as is reasonably expected of financial institutions
acting in comparable capacities, provided that this subsection shall not
be
interpreted to impose upon the Custodian a higher standard of care than that
set
forth above; (c) will be regarded as making no representations and having
no
responsibilities (except as expressly set forth herein) as to the validity,
sufficiency, value, genuineness, ownership or transferability of the Mortgage
Loans, and will not be required to and will not make any representations
as to
the validity, value, genuineness, ownership or transferability of the Mortgage
Loans; (d) may rely on and shall be protected in acting upon any certificate,
instrument, opinion, notice, letter, telegram, facsimile or other document
delivered to it and in good faith believed by it to be genuine and to have
been
signed by the proper party or parties; and (e) may rely on and shall be
protected in acting upon the written instructions of the Depositor or the
Trustee and such employees and representatives of the Depositor or the Trustee
as the Depositor or the Trustee may hereinafter designate in
writing.
SECTION
4.
COMPLIANCE
WITH REGULATION AB
4.1 Intent
of the Parties; Reasonableness.
The
parties hereto acknowledge and agree that the purpose of this Section 4 is
to
facilitate compliance by the Depositor with the provisions of Regulation
AB and
related rules and regulations of the Commission. The Depositor shall not
exercise its right to request delivery of information or other performance
under
these provisions other than in good faith, or for purposes other than compliance
with the Securities Act, the Exchange Act and the rules and regulations of
the
Commission under the Securities Act and the Exchange Act. Each of the parties
hereto acknowledges that interpretations of the requirements of Regulation
AB
may change over time, whether due to interpretive guidance provided by the
Commission or its staff, consensus among participants in the mortgage-backed
securities markets, advice of counsel, or otherwise, and agrees to comply
with
requests made by the Depositor in good faith for delivery of information
under
these provisions on the basis of evolving interpretations of Regulation AB.
The
Custodian shall cooperate reasonably with the Depositor to deliver to the
Depositor (including any of its assignees or designees), any and all disclosure,
statements, reports, certifications, records and any other information necessary
in the reasonable, good faith determination of the Depositor to permit the
Depositor to comply with the provisions of Regulation AB.
4.2 Additional
Representations and Warranties of the Custodian.
(a) The
Custodian hereby represents and warrants that the information set forth in
the
Prospectus Supplement, attached hereto as Exhibit Five, does not contain
any
untrue statement of a material fact or omit to state a material fact required
to
be stated therein or necessary in order to make the statements therein, in
the
light of the circumstances under which they were made, not
misleading.
(b) The
Custodian shall be deemed to represent to the Depositor as of the date hereof
and on each date on which information is provided to the Depositor under
Section
4.3 that, except as disclosed in writing to the Depositor prior to such date
that there are no affiliations relating to the Custodian with respect to
the
Depositor or any sponsor, issuing entity, servicer, trustee, originator,
significant obligor, enhancement or support provider or other material
transaction party (as such terms are used in Regulation AB) relating to the
securitization transaction contemplated by the Pooling and Servicing Agreement,
as identified by the Depositor to the Custodian in writing as of the Closing
Date (each, a “Transaction Party”).
(c) If
so
requested by the Depositor on any date following the Closing Date, unless
no
reporting obligation under the Exchange Act exists at such time with respect
of
the Trust Fund, the Custodian shall, within five Business Days following
such
request, confirm in writing the accuracy of the representations and warranties
set forth in paragraph (a) of this Section or, if any such representation
and
warranty is not accurate as of the date of such confirmation, provide reasonably
adequate disclosure of the pertinent facts, in writing, to the requesting
party.
Any such request from the Depositor shall not be given more than once each
calendar quarter, unless the Depositor shall have a reasonable basis for
a
determination that any of the representations and warranties may not be
accurate.
4.3 Additional
Information to Be Provided by the Custodian.
For so
long as the Depositor has a reporting obligation under the Exchange Act with
respect to any class of Certificates, the Custodian shall (a) notify the
Depositor, the Master Servicer and the Securities Administrator in writing
of
(i) any litigation or governmental proceedings pending against the Custodian
that would be material to Certificateholders and (ii) upon the request of
the
Depositor, the Master Servicer or the Securities Administrator, any
affiliations, relationships or transactions relating to the Custodian with
respect to the Depositor or other transaction parties identified to the
Custodian in such request and (b) provide to the Depositor, the Master Servicer
and the Securities Administrator a written description of such proceedings,
affiliations, relationships or transactions. Any notices and descriptions
required under this Section 4.3 shall be given (i) within five calendar days
after the related Distribution Date, following the month in which the Custodian
has knowledge of the occurrence of the relevant event, with respect to any
Regulation AB Item 1117 material litigation or governmental proceedings required
to be included on Form 10-D or (ii) no later than March 15 with respect to
any
material litigation or governmental proceedings pursuant to Regulation AB
item
1117 or affiliations pursuant to Regulation AB item 1119(a) (all with respect
to
the prior fiscal year of the Issuing Entity) required to be included on Form
10-K. As of the date the Depositor or Master Servicer, as securities
administrator, files each Report on Form 10-D or Form 10-K with respect to
the
Certificates, the Custodian will be deemed to represent that any information
previously provided under this Section 4.3, if any, is materially correct
and
does not have any material omissions unless the Custodian has provided an
update
to such information.
4.4 Report
on Assessment of Compliance and Attestation. On or before March 15 of each
calendar year that the Trust is subject to the reporting requirements of
the
Exchange Act, the Custodian shall:
(a) deliver
to the Master Servicer, as securities administrator, and the Depositor a
report
regarding the Custodian’s assessment of compliance with the Servicing Criteria
during the immediately preceding calendar year, as required under Rules 13a-18
and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. Such report
shall
be signed by an authorized officer of the Custodian, and shall address each
of
the Servicing Criteria specified on a certification substantially in the
form of
Exhibit Four hereto; and
(b) deliver
to the Master Servicer, as securities administrator, and the Depositor a
report
of a registered public accounting firm that attests to, and reports on, the
assessment of compliance made by the Custodian and delivered pursuant to
the
preceding paragraph. Such attestation shall be in accordance with Rules
1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the
Exchange Act.
4.5 Indemnification;
Remedies.
(a) The
Custodian shall indemnify the Depositor, each affiliate of the Depositor
and the
Master Servicer or each Person who controls any of such parties (within the
meaning of Section 15 of the Securities Act and Section 20 of the Exchange
Act)
(each an “Indemnified Party”); and the respective present and former directors,
officers, employees and agents of each of the foregoing, and shall hold each
of
them harmless from and against any losses, damages, penalties, fines,
forfeitures, legal fees and expenses and related costs, judgments, and any
other
costs, fees and expenses that any of them may sustain arising out of or based
upon:
(i) (A)
any
untrue statement of a material fact contained or alleged to be contained
in any
report on assessment of compliance, any accountant’s attestation or any other
additional information provided pursuant to Sections 4.3 or 4.4 of this
Agreement or required to be filed with the Commission in accordance with
Regulation AB (collectively, the “Custodian Information”), or (B) the omission
or alleged omission to state in the Custodian Information a material fact
required to be stated in the Custodian Information or necessary in order
to make
the statements therein, in the light of the circumstances under which they
were
made, not misleading;
(ii) any
failure by the Custodian to deliver the Custodian Information as and when
required pursuant to this Agreement or required to be filed with the Commission
in accordance with Regulation AB; or
(iii) the
negligence, bad faith or willful misconduct of the Custodian in the performance
of its obligations under this Section 4.
(b) In
the
case of any failure of performance described in clause (ii) above, the Custodian
shall promptly reimburse the Depositor, the Master Servicer and the Securities
Administrator for all costs reasonably incurred by any of such Persons in
order
to obtain the information, report, certification, accountants’ letter or other
material not delivered as required by the Custodian.
(c) Notwithstanding
the foregoing, in no event shall the Custodian or its directors, officers,
agents or employees be held liable for any special, indirect, incidental,
punitive or consequential damages resulting from any action taken or omitted
by
it.
(d) If
the
indemnification provided for herein is unavailable or insufficient to hold
harmless any Indemnified Party, then the Custodian agrees that it shall
contribute to the amount paid or payable by such Indemnified Party as a result
of any claims, losses, damages or liabilities incurred by such Indemnified
Party
in such proportion as is appropriate to reflect the relative fault of such
Indemnified Party on the one hand and the Custodian on the other. This
indemnification shall survive the termination of this Agreement or the
termination of the Custodian.
SECTION
5.
MISCELLANEOUS
PROVISIONS
5.1 Notices.
All
notices, requests, consents and demands and other communications required
under
this Agreement or pursuant to any other instrument or document delivered
hereunder shall be in writing and, unless otherwise specifically provided,
may
be delivered personally, by telegram or telex, or by registered or certified
mail, postage prepaid, return receipt requested, at the addresses specified
on
the signature page hereof (unless changed by the particular party whose address
is stated herein by similar notice in writing), in which case the notice
will be
deemed delivered when received.
5.2 Amendments.
No modification or amendment of or supplement to this Agreement shall be
valid
or effective unless the same is in writing and signed by all parties hereto,
and
neither the Depositor, the Master Servicer, nor the Trustee shall enter into
any
amendment hereof except as permitted by the Pooling and Servicing Agreement.
The
Trustee shall give prompt notice to the Custodian of any amendment or supplement
to the Pooling and Servicing Agreement and furnish the Custodian with written
copies thereof.
5.3 GOVERNING
LAW. THIS AGREEMENT SHALL BE DEEMED A CONTRACT MADE UNDER THE LAWS OF THE
STATE
OF NEW YORK AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED
BY THE LAWS OF THE STATE OF NEW YORK.
5.4 Recordation
of Agreement. To the extent permitted by applicable law, this Agreement is
subject to recordation in all appropriate public offices for real property
records in all the counties or other comparable jurisdictions in which any
or
all of the properties subject to the Mortgages are situated, and in any other
appropriate public recording office or elsewhere, such recordation to be
effected by the Depositor and at the Trust’s expense, but only upon direction
accompanied by an Opinion of Counsel reasonably satisfactory to the Depositor
to
the effect that the failure to effect such recordation is likely to materially
and adversely affect the interests of the Certificateholders.
For
the
purpose of facilitating the recordation of this Agreement as herein provided
and
for other purposes, this Agreement may be executed simultaneously in any
number
of counterparts, each of which counterparts shall be deemed to be an original,
and such counterparts shall constitute but one and the same
instrument.
Any
notices, consents, direction and other communications given under this Agreement
shall be in writing and shall be deemed to have been duly given when delivered
by facsimile or electronic transmission, or personally delivered at, or sent
by
overnight courier to, the addresses of the parties hereto set forth on the
signature page.
5.5 Severability
of Provisions.
If any
one or more of the covenants, agreements, provisions or terms of this Agreement
shall be for any reason whatsoever held invalid, then such covenants,
agreements, provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and shall in
no way
affect the validity or enforceability of the other provisions of this Agreement
or of the Certificates or the rights of the holders thereof.
5.6 Force
Majeure. None of the parties hereto shall be responsible for delays or
failures in performance resulting from acts beyond its reasonable control.
Such
acts shall include, but not be limited to, acts of God, strikes, lockouts,
riots, acts of war or terrorism, epidemics, naturalization, expropriation,
currency restrictions, government regulations superimposed after the fact,
fire,
communication line failures (as a result of the action or inaction of a
third-party), computer viruses, power failures, earthquakes or other natural
or
man-made disaster, but shall not include computer server failures or software
glitches. Each party hereto represents that it has a disaster recovery plan
in
place, if applicable.
5.7 Waiver
of Jury Trial. The Depositor, the Custodian, the Trustee and Master Servicer
hereby waive, to the fullest extent permitted by law, trial by jury in any
judicial proceeding involving directly or indirectly, any matter (whether
sounding in tort, contract or otherwise) in any way arising out of, related
to,
or connected with this Agreement.
[Signature
Page Follows]
IN
WITNESS WHEREOF, this Agreement is executed as of the date first above
written.
Address: |
HSBC
BANK USA, NATIONAL ASSOCIATION, not individually but solely as
Trustee
|
|
000
Xxxxx Xxxxxx
Xxx
Xxxx, Xxx Xxxx 00000
|
|
|
Attention:
|
By: | |
Telecopy:
|
Name: | |
Confirmation:
|
Title:
|
Address: |
OPTEUM
MORTGAGE ACCEPTANCE CORPORATION, as Depositor
|
|
W.
000 Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000 |
|
|
|
By: | |
Name: | ||
Title:
|
Address: |
XXXXX
FARGO BANK, N.A., as Master Servicer
|
|
0000
Xxx Xxxxxxxxx Xxxx
Xxxxxxxx,
Xxxxxxxx 00000
|
|
|
|
By: | |
Name: | ||
Title:
|
Address: |
X.X.
XXXXXX TRUST COMPANY,
NATIONAL ASSOCIATION, as Custodian
|
|
0000
Xxxxxxxxxx Xxxxxxxxx - Xxxxx 000
Xxxxxx,
XX 00000-0000
|
|
|
Attention:
Custody Manager
|
By: | |
Phone: (000) 000-0000 | Name: | |
Fax:
(000)
000-0000
|
Title:
|
STATE
OF
NEW
YORK
)
)ss.:
COUNTY
OF
NEW
YORK
)
On
the
___ day of June 2006 before me, a notary public in and for said State,
personally appeared ____________________,
known
to me to be a(n) ____________________ of HSBC Bank USA, National Association,
a
national banking association that executed the within instrument, and also
known
to me to be the person who executed it on behalf of said corporation and
acknowledged to me that such corporation executed the within
instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
the
day and year in this certificate first above written.
Notary
Public
|
[SEAL]
STATE
OF
MARYLAND
)
)
ss.:
COUNTY
OF
XXXXXX
)
On
the
___ day of June 2006 before me, a notary public in and for said State,
personally appeared ____________________, known to me to be a(n)
____________________ of Xxxxx Fargo Bank, N.A., a national banking association
that executed the within instrument, and also known to me to be the person
who
executed it on behalf of said national banking association, and acknowledged
to
me that such national banking association executed the within
instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
the
day and year in this certificate first above written.
Notary
Public
|
[SEAL]
STATE
OF
NEW
JERSEY )
)ss.:
COUNTY
OF
BERGEN
)
On
the
___ day of June 2006 before me, a notary public in and for said State,
personally appeared Xxxxxxx Xxxxxx, known to me to be a Vice President of
Opteum
Mortgage Acceptance Corporation, one of the corporations that executed the
within instrument, and also known to me to be the person who executed it
on
behalf of said corporation, and acknowledged to me that such corporation
executed the within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
the
day and year in this certificate first above written.
Notary
Public
|
[Notarial
Seal]
STATE
OF TEXAS
|
)
|
)ss.:
COUNTY
OF
)
On
the
___ day of June 2006 before me, a notary public in and for said State,
personally appeared ____________________, known to me to be a(n)
____________________ of X.X. Xxxxxx Trust Company, National Association,
a
national banking association that executed the within instrument, and also
known
to me to be the person who executed it on behalf of said national banking
association, and acknowledged to me that such national banking association
executed the within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
the
day and year in this certificate first above written.
Notary
Public
|
[Notarial
Seal]
EXHIBIT
ONE
FORM
OF
INITIAL CERTIFICATION
June
26,
2006
HSBC
Bank USA, National Association
000
Xxxxx Xxxxxx
Xxx
Xxxx, Xxx Xxxx 00000
|
Opteum
Mortgage Acceptance Corporation
W.
000 Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000
|
Attention:
Opteum Mortgage Acceptance Corporation,
OMAC
Mortgage Trust 2006-2, Asset-Backed Pass-Through Certificates, Series
2006-2
Re:
|
Custodial
Agreement, dated as of June 26, 2006, by and among HSBC Bank USA,
National
Association, Opteum Mortgage Acceptance Corporation, Xxxxx Fargo
Bank,
N.A. and X.X. Xxxxxx Trust Company, National Association, relating to
OMAC Mortgage Trust 2006-2, Asset-Backed
Pass-Through Certificates, Series
2006-2
|
Ladies
and Gentlemen:
In
accordance with Section 2.5 of the above-captioned Custodial Agreement and
subject to Section 2.02 of the Pooling and Servicing Agreement, dated as
of June
1, 2006 (the “Pooling and Servicing Agreement”), among Opteum Mortgage
Acceptance Corporation, HSBC Bank USA, National Association, and Xxxxx Fargo
Bank, N.A., the undersigned, as custodian (the “Custodian”), hereby certifies
that as to each Mortgage Loan listed in the Mortgage Loan Schedule (other
than
any Mortgage Loan paid in full or listed on the attachment hereto) it has
reviewed the Mortgage File, and has determined that: (1) the documents listed
in
Section 2.01(i)-(iii) of the Pooling and Servicing Agreement required to
be
included in the Mortgage File are in its possession and (2) such documents
have
been reviewed by it and appear regular on their face and relate to such Mortgage
Loan.
The
Custodian has made no independent examination of any documents contained
in each
Mortgage File beyond the review specifically required in the above-referenced
Custodial and Pooling and Servicing Agreements. The Custodian makes no
representations as to and shall not be responsible to verify: (i) the validity,
legality, sufficiency, enforceability, due authorization, recordability or
genuineness of any of the documents contained in each Mortgage File of any
of
the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) the
collectability, insurability, effectiveness or suitability of any such Mortgage
Loan, or (iii) the existence of any assumption, modification, written assurance
or substitution agreement with respect to any Mortgage File if no such documents
appear in the Mortgage File delivered to the Custodian.
Capitalized
words and phrases used herein shall have the respective meanings assigned
to
them in the above-captioned Custodial Agreement.
X.X.
XXXXXX TRUST COMPANY,
NATIONAL ASSOCIATION, as Custodian
|
||
|
|
|
By: | ||
Name: |
|
|
Title: |
EXHIBIT
TWO
FORM
OF
SUBSEQUENT INITIAL CERTIFICATION
June
26,
2006
HSBC
Bank USA, National Association
000
Xxxxx Xxxxxx
Xxx
Xxxx, Xxx Xxxx 00000
|
Opteum
Mortgage Acceptance Corporation
W.
000 Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000
|
Attention:
Opteum Mortgage Acceptance Corporation,
OMAC
Mortgage Trust 2006-2, Asset-Backed Pass-Through Certificates, Series
2006-2
Re:
|
Custodial
Agreement, dated as of June 26, 2006, by and among HSBC Bank USA,
National
Association, Opteum Mortgage Acceptance Corporation, Xxxxx Fargo
Bank,
N.A. and X.X. Xxxxxx Trust Company, National Association, relating to
OMAC Mortgage Trust 2006-2, Asset-Backed
Pass-Through Certificates, Series
2006-2
|
Ladies
and Gentlemen:
In
accordance with Section 2.5 of the above-captioned Custodial Agreement and
subject to Section 2.02 of the Pooling and Servicing Agreement, dated as
of June
1, 2006 (the “Pooling and Servicing Agreement”), among Opteum Mortgage
Acceptance Corporation, HSBC Bank USA, National Association, and Xxxxx Fargo
Bank, N.A., the undersigned, as custodian (the “Custodian”), hereby certifies
that as to each Mortgage Loan listed in the Mortgage Loan Schedule (other
than
any Mortgage Loan paid in full or listed on the attachment hereto) it has
reviewed the Mortgage File, and has determined that: (1) all documents required
to be included in the Mortgage File are in its possession and (2) such documents
have been reviewed by it and appear regular on their face and relate to such
Mortgage Loan.
The
Custodian has made no independent examination of any documents contained
in each
Mortgage File beyond the review specifically required in the above-referenced
Custodial and Pooling and Servicing Agreements. The Custodian makes no
representations as to and shall not be responsible to verify: (i) the validity,
legality, sufficiency, enforceability, due authorization, recordability or
genuineness of any of the documents contained in each Mortgage File of any
of
the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) the
collectability, insurability, effectiveness or suitability of any such Mortgage
Loan, or (iii) the existence of any assumption, modification, written assurance
or substitution agreement with respect to any Mortgage File if no such documents
appear in the Mortgage File delivered to the Custodian.
Capitalized
words and phrases used herein shall have the respective meanings assigned
to
them in the above-captioned Custodial Agreement.
X.X.
XXXXXX TRUST COMPANY,
NATIONAL ASSOCIATION, as Custodian
|
||
|
|
|
By: | ||
Name: |
|
|
Title: |
EXHIBIT
THREE
FORM
OF
FINAL CERTIFICATION
_______,
20__
HSBC
Bank USA, National Association
000
Xxxxx Xxxxxx
Xxx
Xxxx, Xxx Xxxx 00000
|
Opteum
Mortgage Acceptance Corporation
W.
000 Xxxxxxx Xxxx
Xxxxxxx,
Xxx Xxxxxx 00000
|
Attention:
Opteum Mortgage Acceptance Corporation,
OMAC
Mortgage Trust 2006-2, Asset-Backed Pass-Through Certificates, Series
2006-2
Re:
|
Custodial
Agreement, dated as of June 26, 2006, by and among HSBC Bank USA,
National
Association, Opteum Mortgage Acceptance Corporation, Xxxxx Fargo
Bank,
N.A. and X.X. Xxxxxx Trust Company, National Association, relating to
OMAC Mortgage Trust 2006-2, Asset-Backed
Pass-Through Certificates, Series
2006-2
|
Ladies
and Gentlemen:
In
accordance with Section 2.5 of the above-captioned Custodial Agreement and
subject to Section 2.02 of the Pooling and Servicing Agreement, the undersigned,
as Custodian, hereby certifies that it has received a Mortgage File with
respect
to each Mortgage Loan listed in the Mortgage Loan Schedule containing with
respect to each Mortgage Loan:
(i) the
original Mortgage Note (including all riders thereto) bearing all intervening
endorsements necessary to show a complete chain of endorsements from the
original payee, endorsed “Pay to the order of _____without recourse”, via
original signature, and, if previously endorsed, signed in the name of the
last
endorsee by a duly qualified officer of the last endorsee or, with respect
to
any Mortgage Loan as to which the original Mortgage Note has been permanently
lost or destroyed and has not been replaced, a Lost Note Affidavit. If the
Mortgage Loan was acquired by the last endorsee in a merger, the endorsement
must be by “[name of last endorsee], successor by merger to [name of the
predecessor].” If the Mortgage Loan was acquired or originated by the last
endorsee while doing business under another name, the endorsement must be
by
“[name of last endorsee], formerly known as [previous name].” The Custodian has
endorsed the Mortgage Note in the name of “HSBC Bank USA, National Association,
as trustee under the Pooling and Servicing Agreement relating to Opteum Mortgage
Acceptance Corporation, Asset-Backed Pass-Through Certificates, Series 2006-2”
for each Mortgage Note;
(ii) The
original recorded Mortgage, noting the presence of the MIN of the Mortgage
Loan
and either language indicating that the Mortgage Loan is a MOM loan or if
the
Mortgage Loan was not a MOM loan at origination, the original Mortgage and
the
assignment thereof to MERS, with evidence of recording indicated thereon;
provided that if such document is not included because of a delay by the
public
recording office where such document has been delivered for recordation or
such
office as a matter of policy does not return the original of such document
or if
such original Mortgage has been lost, the Sponsor shall include or cause
to be
included a copy thereof certified by the appropriate recording office, if
available;
(iii) the
original Assignment of Mortgage in blank, in form and substance acceptable
for
recordation in the jurisdiction in which the related mortgage property is
located and signed in the name of the Last Endorsee by an authorized officer;
unless the Mortgage Loan is registered on the MERS system;
(iv) The
original intervening Assignments, if any and if available, with evidence
of
recording thereon, showing an unbroken chain of title to the Mortgage from
the
originator thereof to Person assigning it to the Trustee (or to MERS, if
the
Mortgage Loan is registered on the MERS® System); provided that if such document
is not included because of a delay by the public recording office where such
document has been delivered for recordation or such office as a matter of
policy
does not return the original of such document, the Sponsor shall include
or
cause to be included a copy thereof certified by the appropriate recording
office, if available;
(v) The
originals of each assumption, modification or substitution agreement, if
any and
if available, relating to the Mortgage Loan; and
(vi) the
original title insurance policy, or, if such policy has not been issued,
any one
of an original or a copy of the preliminary title report, title binder or
title
commitment on the Mortgaged Property with the original policy of the insurance
to be delivered promptly following the receipt thereof;
Capitalized
words and phrases used herein shall have the respective meanings assigned
to
them in the above-captioned Custodial Agreement or in the Pooling and Servicing
Agreement, as applicable.
X.X.
XXXXXX TRUST COMPANY,
NATIONAL ASSOCIATION, as Custodian
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||
|
|
|
By: | ||
Name: |
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|
Title: |
EXHIBIT
FOUR
SERVICING
CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE
The
assessment of compliance to be delivered by the Custodian shall address,
at a
minimum, the criteria identified below as “Applicable Servicing
Criteria”:
Servicing
Criteria
|
Applicable
Servicing
Criteria
|
|
Reference
|
Criteria
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General
Servicing Considerations
|
||
1122(d)(1)(i)
|
Policies
and procedures are instituted to monitor any performance or other
triggers
and events of default in accordance with the transaction
agreements
|
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1122(d)(1)(ii)
|
If
any material servicing activities are outsourced to third parties,
policies and procedures are instituted to monitor the third party’s
performance and compliance with such servicing activities
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1122(d)(1)(iii)
|
Any
requirements in the transaction agreements to maintain a back-up
servicer
for the pool assets are maintained.
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1122(d)(1)(iv)
|
A
fidelity bond and errors and omissions policy is in effect on the
party
participating in the servicing function throughout the reporting
period in
the amount of coverage required by and otherwise in accordance
with the
terms of the transaction agreements.
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Cash
Collection and Administration
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||
1122(d)(2)(i)
|
Payments
on pool assets are deposited into the appropriate custodial bank
accounts
and related bank clearing accounts no more than two business days
following receipt, or such other number of days specified in the
transaction agreements.
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1122(d)(2)(ii)
|
Disbursements
made via wire transfer on behalf of an obligor or to an investor
are made
only by authorized personnel.
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1122(d)(2)(iii)
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Advances
of funds or guarantees regarding collections, cash flows or distributions,
and any interest or other fees charged for such advances are made,
reviewed and approved as specified in the transaction
agreements.
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1122(d)(2)(iv)
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The
related accounts for the transaction, such as cash reserve accounts
or
accounts established as a form of overcollateralization, are separately
maintained (e.g., with respect to commingling of cash) as set forth
in the
transaction agreements.
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1122(d)(2)(v)
|
Each
custodial account is maintained at a federally insured depository
institution as set forth in the transaction agreements. For purposes
of
this criterion, “federally insured depository institutions” with respect
to a foreign financial institution means a foreign financial institution
that meets the requirements of Rule 13k-1(b)(1) of the Securities
Exchange
Act.
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1122(d)(2)(vi)
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Unissued
checks are safeguarded so as to prevent unauthorized
access.
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1122(d)(2)(vii)
|
Reconciliations
are prepared on a monthly basis for all asset-backed securities
related
bank accounts, including custodial accounts and related bank clearing
accounts. These reconciliations are (A) mathematically accurate;
(B)
prepared within 30 calendar days after the bank statement cutoff
date, or
such other number of days specified in the transaction agreements;
(C)
reviewed and approved by someone other than the person who prepared
the
reconciliations; and (D) contain explanations for reconciling items,
These
reconciling items are resolved within 90 calendar days of their
original
identification, or such other number of days specified in the transaction
agreements.
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|
Investor
Remittances and Reporting
|
||
1122(d)(3)(i)
|
Reports
to investors, including those to be filed with the Commission,
are
maintained in accordance with the transaction agreements and applicable
Commission requirements. Specifically, such reports (A) are prepared
in
accordance with timeframes and other terms set forth in the transaction
agreements, (B) provide information calculated in accordance with
the
terms specified in the transaction agreements; (C) are filed with
the
Commission as required by its rules and regulations; and (D) agree
with
investors; or the trustee’s records as to the total unpaid principal
balance and number of pool assets serviced by the
servicer.
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|
1122(d)(3)(ii)
|
Amounts
due to investors are allocated and remitted in accordance with
timeframes,
distribution priority and other terms set forth in the transaction
agreements.
|
|
1122(d)(3)(iii)
|
Disbursements
made to an investor are posted within two business days to the
servicer’s
investor records, or such other number of days specified in the
transaction agreements.
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1122(d)(3)(iv)
|
Amounts
remitted to investors per the investor reports agree with cancelled
checks, or other form of payment, or custodial bank
statements.
|
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Pool
Asset Administration
|
||
1122(d)(4)(i)
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Collateral
or security on pool assets is maintained as required by the transaction
agreements or related asset pool documents.
|
√
|
1122(d)(4)(ii)
|
Pool
assets and related documents are safeguarded as required by the
transaction agreements.
|
√
|
1122(d)(4)(iii)
|
Any
additions, removals or substitutions to the asset pool are made,
reviewed
and approved in accordance with any conditions or requirements
in the
transaction agreements
|
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1122(d)(4)(iv)
|
Payments
on pool assets, including any payoffs, made in accordance with
the related
pool asset documents are posted to the servicer’s obligor records
maintained no more than two business days after receipt, or such
other
number of days specified in the transaction agreements, and allocated
to
principal, interest or other items (e.g., escrow) in accordance
with the
related pool asset documents.
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1122(d)(4)(v)
|
The
servicer’s records regarding the pool assets agree with the servicer’s
records with respect to an obligor’s unpaid principal
balance.
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1122(d)(4)(vi)
|
Changes
with respect to the terms or status of an obligor’s pool asset (e.g., loan
modifications or re-agings) are made, reviewed and approved by
authorized
personnel in accordance with the transaction agreements and related
pool
asset documents.
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1122(d)(4)(vii)
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Loss
mitigation of recovery actions (e.g., forbearance plans, modifications
and
deed in lieu of foreclosure, foreclosures and repossessions, as
applicable) are initiated, conducted and concluded in accordance
with the
timeframes or other requirements established by the transaction
documents.
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1122(d)(4)(viii)
|
Records
documenting collection efforts are maintained during the period
a pool
asset is delinquent in accordance with the transaction agreements.,
Such
records are maintained in at least a monthly basis, or such other
period
specified in the transaction agreements, and describe the entity’s
activities in monitoring delinquent pool assets including, for
example,
phone calls, letters and payment rescheduling plans in cases where
delinquency is deemed temporary (e.g., illness or
unemployment).
|
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1122(d)(4)(ix)
|
Adjustments
to interest rates or rates of return for pool assets with variable
rates
are computed based on the related pool asset documents.
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1122(d)(4)(x)
|
Regarding
any funds held in trust for an obligor (such as escrow accounts);
(A) such
funds are analyzed, in accordance with the obligor’s pool asset documents,
on at least an annual basis, or such other period specified in
the
transaction agreements; (B) interest on such funds is paid, or
credited,
to obligors in accordance with applicable pool asset documents
and state
laws; and (C) such funds are returned to the obligor within 3-
calendar
days of full repayment of the related pool asset, or such other
number of
days specified in the transaction agreements.
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1122(d)(4)(xi)
|
Payments
made on behalf of an obligor (such as tax ore insurance payments)
are made
on or before the related penalty or expiration dates, as indicated
on the
appropriate bills or notices for such payments, provided that such
support
has been received by the service at least 30 calendar days prior
to these
dates, or such other number of days specified in the transaction
agreements.
|
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1122(d)(4)(xii)
|
Any
late payment penalties in connection with any payment to be made
on behalf
of an obligor are paid from the servicer’s funds and not charged to the
obligor, unless the late payment was due to the obligor’s error or
omission.
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1122(d)(4)(xiii)
|
Disbursements
made on behalf of an obligor are posted within two business days
to the
obligor’s records maintained by the servicer, or such other number of days
specified in the transaction agreements.
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1122(d)(4)(xiv)
|
Delinquencies,
charge-offs and uncollectible funds are recognized and recorded
in
accordance with the transaction agreements.
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1122(d)(4)(xv)
|
Any
external enhancement or other support, identified in item 1114(a)(1)
through (3) or item 1115 of Regulation AB, is maintained as set
forth in
the transaction agreements.
|
EXHIBIT
FIVE
CUSTODIAN
DISCLOSURE
X.X.
Xxxxxx Trust Company, National Association will act as Custodian pursuant
to the
custodial agreement.
EXHIBIT
SIX
FORM
OF
REQUEST FOR RELEASE
To:
|
HSBC
Bank USA, National Association
|
000
Xxxxx
Xxxxxx
Xxx
Xxxx,
Xxx Xxxx 00000
Re:
Pooling
and Servicing Agreement, dated as of June 1, 2006, by and among HSBC Bank
USA,
National Association, Opteum Mortgage Acceptance Corporation and Xxxxx Fargo
Bank, N.A. relating to OMAC Mortgage Trust 2006-2, Asset-Backed
Pass-Through
Certificates, Series
2006-2
In
connection with the administration of the Mortgage Loans held by you pursuant
to
the above-captioned Pooling and Servicing Agreement, we request the release,
and
hereby acknowledge receipt, of the Mortgage File for the Mortgage Loan described
below, for the reason indicated.
Mortgage
Loan Number:
Mortgagor
Name, Address & Zip Code:
Reason
for Requesting Documents (check one):
_____
|
1.
|
Mortgage
Paid in Full and proceeds have been deposited into the Custodial
Account
|
_____
|
2.
|
Foreclosure
|
_____
|
3.
|
Substitution
|
_____
|
4.
|
Other
Liquidation
|
_____
|
5.
|
Nonliquidation
|
Reason:
|
_____
|
6.
|
California
Mortgage Loan paid in full
|
|
||
|
|
|
By: | ||
(authorized
signer)
|
||
Issuer: | ||
Address:
|
||
Date:
|
||
Title: |
EXHIBIT
O
INTEREST
RATE SWAP AGREEMENT
[BANK
OF
NEW YORK LOGO]
DATE: |
June
26, 2006
|
TO: |
Opteum
Financial Services, LLC
|
With
copy to:
|
Xxxxx
Fargo Bank NA
0000
Xxx Xxxxxxxxx Xxxx
Xxxxxxxx,
XX 00000
Fax:
000-000-0000
Phone:
000-000-0000
Attn:
Client Manager - OMAC
2006-2
|
FROM:
|
The
Bank of New York (“BNY”)
Derivative
Products Support Department
Attn:
Swap Confirmation Dept.
|
TELEPHONE: |
000-000-0000/5103
|
FACSIMILE: |
Fax
#: 000-000-0000/5837
Email:
Xxxxxxxxxxx@xxxxxxxx.xxx
|
SUBJECT: |
Fixed
Income Derivatives Confirmation and Agreement
|
BNY REFERENCE NUMBER: |
37988
|
The
purpose of this letter agreement ("Agreement") is to confirm the terms and
conditions of the current Transaction entered into on the Trade Date specified
below (the "Transaction") between The Bank of New York ("Party A") and
Opteum Financial Services, LLC. (“Party B”). This Agreement, which evidences a
complete and binding agreement between you and us to enter into the Transaction
on the terms set forth below, constitutes a "Confirmation" as referred to
in the
"ISDA Form Master Agreement" (as defined below), as well as a “Schedule” as
referred to in the ISDA Form Master Agreement.
1. This
Agreement is subject to the 2000
ISDA Definitions (the
“Definitions”), as published by the International Swaps and Derivatives
Association, Inc. (“ISDA”). You and we have agreed to enter into this Agreement
in lieu of negotiating a Schedule to the 1992 ISDA Master Agreement
(Multicurrency—Cross Border) form (the "ISDA Form Master Agreement") but,
rather, an ISDA Form Master Agreement shall be deemed to have been executed
by
you and us on the date we entered into the Transaction. Terms capitalized
but
not defined herein except
in
the Definitions
shall
have the respective meanings attributed to them in the Pooling and Servicing
Agreement, dated as of June 1, 2006, among Opteum Mortgage Acceptance
Corporation, as depositor (the “Depositor”), Xxxxx Fargo Bank, N.A., as master
servicer (in such capacity, the “Master Servicer”) and as securities
administrator (in such capacity, the “Securities Administrator”), and HSBC Bank
USA, National Association, as trustee (the “Trustee”) (the “Pooling and
Servicing Agreement”). In the event of any inconsistency between the provisions
of this Agreement and the Definitions or the ISDA Form Master Agreement,
this
Agreement shall prevail for purposes of the Transaction. Each reference to
a
“Section” (unless specifically referencing the Pooling and Servicing Agreement)
or to a “Section” “of this Agreement” will be construed as a reference to a
Section of the ISDA Form Master Agreement.
2. |
The
terms of the particular Transaction to which this Confirmation
relates are
as follows:
|
Type of Transaction: |
Interest
Rate Swap
|
Notional Amount: |
With
respect to any Calculation Period, the amount set forth for such
period on
Schedule I attached hereto.
|
Trade Date: |
June
13, 2006
|
Effective Date: |
June
26, 2006
|
Termination Date: |
August
25, 2010, subject to adjustment in accordance with the Following
Business
Day Convention; provided, however, that for the purpose of determining
the
final Fixed Rate Payer Period End Date, Termination Date shall
be subject
to No Adjustment
|
Fixed
Amount:
Fixed Rate Payer: |
Party
B
|
Fixed
Rate Payer
Period End Dates: |
The
25th
calendar day of each month during the Term of this Transaction,
commencing
July 25, 2006, and ending on the Termination Date, with No
Adjustment.
|
Fixed
Rate Payer
Payment
Dates:
|
The
25th
calendar day of each month during the Term of this Transaction,
commencing
July 25, 2006, and ending on the Termination Date, |