Exhibit 99.13a
EXECUTION COPY
ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
THIS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT (this
"Assignment"), dated as of May 1, 2006, is entered into among Xxxxxx Xxxxxxx
Capital I Inc., a Delaware corporation (the "Depositor"), Xxxxxx Xxxxxxx
Mortgage Capital Inc. ("MSMCI"), Wachovia Mortgage Corporation as seller
("Wachovia" and, in such capacity, the "Seller") and servicer (in such
capacity, the "Servicer"), and acknowledged by LaSalle Bank National
Association, as trustee (the "Trustee") of Xxxxxx Xxxxxxx Mortgage Loan Trust
2006-8AR (the "Trust"), and Xxxxx Fargo Bank, National Association, as master
servicer (or any successor master servicer, the "Master Servicer").
RECITALS
WHEREAS MSMCI, the Seller and the Servicer have entered into a certain
Seller's Purchase, Warranties and Servicing Agreement, dated as of September 1,
2004 (the "Initial Agreement"), as supplemented by the Amended and Restated
Regulation AB Compliance Addendum (the "Reg AB Addendum"), dated as of April
17, 2006, (as further amended or modified to the date hereof, the "Agreement"),
pursuant to which MSMCI has acquired certain Mortgage Loans pursuant to the
terms of the Agreement and the Servicer has agreed to service such Mortgage
Loans;
WHEREAS the Depositor has agreed, on the terms and conditions contained
herein, to purchase from MSMCI certain of the Mortgage Loans (the "Specified
Mortgage Loans") which are subject to the provisions of the Agreement and are
listed on the mortgage loan schedule attached as Exhibit I hereto (the
"Specified Mortgage Loan Schedule"); and
WHEREAS the Trustee, on behalf of the Trust, has agreed, on the terms and
conditions contained herein, to purchase from the Depositor the Specified
Mortgage Loans;
NOW, THEREFORE, in consideration of the mutual promises contained herein
and other good and valuable consideration (the receipt and sufficiency of which
are hereby acknowledged), the parties agree as follows:
1. Assignment and Assumption
(a) On and as of the date hereof, MSMCI hereby sells, assigns and
transfers to the Depositor all of its right, title and interest in the
Specified Mortgage Loans and all rights and obligations related thereto as
provided under the Agreement to the extent relating to the Specified Mortgage
Loans, the Depositor hereby accepts such assignment from MSMCI (the "First
Assignment and Assumption"), and the Seller hereby acknowledges the First
Assignment and Assumption.
MSMCI specifically reserves and does not assign to the Depositor
hereunder any and all right, title and interest in, to and under and all
obligations of MSMCI with respect to any Mortgage Loans subject to the
Agreement which are not the Specified Mortgage Loans.
(b) On and as of the date hereof, immediately after giving effect to the
First Assignment and Assumption, the Depositor hereby sells, assigns and
transfers to the Trustee, on behalf of the Trust, all of its right, title and
interest in the Specified Mortgage Loans and all rights and obligations related
thereto as provided under the Agreement to the extent relating to the Specified
Mortgage Loans, and the Trustee, on behalf of the Trust, hereby accepts such
assignment from the Depositor (the "Second Assignment and Assumption"), and the
Seller hereby acknowledges the Second Assignment and Assumption.
(c) On and as of the date hereof, MSMCI represents and warrants to the
Depositor and the Trustee that MSMCI has not taken any action that would serve
to impair or encumber the respective ownership interests of the Depositor and
the Trustee in the Specified Mortgage Loans since the date of MSMCI's
acquisition of the Specified Mortgage Loans.
2. Recognition of Trustee
(a) From and after the date hereof, both MSMCI and the Seller shall note
the transfer of the Specified Mortgage Loans to the Trustee, in their
respective books and records and shall recognize the Trustee, on behalf of the
Trust, as of the date hereof, as the owner of the Specified Mortgage Loans, and
Servicer shall service the Specified Mortgage Loans for the benefit of the
Trust pursuant to the Agreement, as modified hereby, the terms of which are
incorporated herein by reference. It is the intention of the Seller, the
Servicer, the Depositor, the Trustee and MSMCI that this Assignment shall be
binding upon and inure to the benefit of the Depositor, the Trustee and MSMCI
and their respective successors and assigns.
(b) Without in any way limiting the foregoing, the parties confirm that
this Assignment includes the rights relating to amendments or waivers under the
Agreement. Accordingly, the right of MSMCI to consent to any amendment of the
Agreement and its rights concerning waivers as set forth in Sections 11.02 and
8.02 of the Agreement shall be exercisable, to the extent any such amendment or
waiver affects the Specified Mortgage Loans or any of the rights under the
Agreement with respect thereto (other than the servicing of the Specified
Mortgage Loans, which shall be enforced by the Master Servicer) by the Trustee
as assignee of MSMCI.
(c) It is expressly understood and agreed by the parties hereto that (i)
this Assignment is executed and delivered by LaSalle Bank National Association,
not individually or personally but solely on behalf of the Trust, as the
assignee, in the exercise of the powers and authority conferred and vested in
it, as Trustee, pursuant to the Pooling and Servicing Agreement dated as of the
date hereof among the Depositor, the Master Servicer, Xxxxx Fargo Bank,
National Association, as securities administrator (the "Securities
Administrator") and the Trustee (the "Pooling and Servicing Agreement"), (ii)
each of the representations, undertakings and agreements herein made on the
part of assignee is made and intended not as personal representations,
undertakings and agreements by LaSalle Bank National Association but is made
and intended for the purpose of binding only the Trust , (iii) nothing herein
contained shall be construed as creating any liability for LaSalle Bank
National Association, individually or personally, to perform any covenant
(either express or implied) contained herein and (iv) under no circumstances
shall LaSalle Bank National Association be personally liable for the payment of
any indebtedness or expenses of the Trust, or be liable for the breach or
failure of any obligation, representation, warranty or covenant made or
undertaken by the Trust under this Assignment and (v) all recourse for any
payment liability or other obligation of the assignee shall be had solely to
the assets of the Trust.
3. Representations and Warranties
(a) The Depositor represents and warrants that it is a sophisticated
investor able to evaluate the risks and merits of the transactions contemplated
hereby, and that it has not relied in connection therewith upon any statements
or representations of the Seller or MSMCI other than those contained in the
Agreement or this Assignment.
(b) Each of the parties hereto represents and warrants that it is duly
and legally authorized to enter into this Assignment.
2
(c) Each of the Depositor, MSMCI, Seller and Servicer hereto represents
and warrants that this Assignment has been duly authorized, executed and
delivered by it and (assuming due authorization, execution and delivery thereof
by each of the other parties hereto) constitutes its legal, valid and binding
obligation, enforceable against it in accordance with its terms, except as such
enforcement may be limited by bankruptcy, insolvency, reorganization or other
similar laws affecting the enforcement of creditors' rights generally and by
general equitable principles (regardless of whether such enforcement is
considered in a proceeding in equity or at law).
(d) The Seller hereby makes, as of the Closing Date (as defined in the
Pooling and Servicing Agreement referred to below), the representations and
warranties set forth in Section 3.01 of the Agreement, to and for the benefit
of the Depositor, the Trustee and the Trust, and by this reference incorporates
such representations and warranties herein, as of such Closing Date.
4. The Servicer hereby acknowledges that Xxxxx Fargo Bank, National
Association has been appointed as the Master Servicer of the Specified Mortgage
Loans pursuant to the Pooling and Servicing Agreement and, therefore, has the
right to enforce all obligations of the Servicer under the Agreement. Such
rights will include, without limitation, the right to terminate the Servicer
under the Agreement upon the occurrence of an event of default thereunder, the
right to receive all remittances required to be made by the Servicer under the
Agreement, the right to receive all monthly reports and other data required to
be delivered by the Servicer under the Agreement, the right to examine the
books and records of the Servicer, indemnification rights and the right to
exercise certain rights of consent and approval of MSMCI. The Servicer shall
make all distributions under the Agreement to the Master Servicer by wire
transfer of immediately available funds to:
Xxxxx Fargo Bank, National Association
ABA Number: 000-000-000
Account Name: Corporate Trust Clearing
Account number: 0000000000
For further credit to: 50922500, MSM 2006-8AR
The Servicer shall deliver all reports required to be delivered under the
Agreement to the Master Servicer at the following address:
Xxxxx Fargo Bank, National Association
0000 Xxx Xxxxxxxxx Xxxx
Xxxxxxxx, Xxxxxxxx 00000
Attention: Client Manager, MSM 2006-8AR
Telecopier: (000) 000-0000
5. Amendments to the Initial Agreement
The parties to this Assignment hereby agree to amend the Initial
Agreement as follows:
(a) With respect to the Specified Mortgage Loans, "Permitted Investments"
shall mean at any time, any one or more of the following obligations and
securities:
(i) obligations of the United States or any agency thereof,
provided that such obligations are backed by the full faith and
credit of the United States;
(ii) general obligations of or obligations guaranteed by any
state of the United States or the District of Columbia receiving
the highest long-term debt rating of
3
each Rating Agency, or such lower rating as shall not result in the
downgrading or withdrawal of the ratings then assigned to the
Certificates by the Rating Agencies, as evidenced by a signed
writing delivered by each Rating Agency;
(iii) commercial or finance company paper which is then receiving
the highest commercial or finance company paper rating of each
Rating Agency rating such paper, or such lower rating as shall not
result in the downgrading or withdrawal of the ratings then
assigned to the Certificates by the Rating Agencies, as evidenced
by a signed writing delivered by each Rating Agency;
(iv) certificates of deposit, demand or time deposits, or
bankers' acceptances issued by any depository institution or trust
company incorporated under the laws of the United States or of any
state thereof and subject to supervision and examination by federal
and/or state banking authorities, provided that the commercial
paper and/or long-term unsecured debt obligations of such
depository institution or trust company (or in the case of the
principal depository institution in a holding company system, the
commercial paper or long-term unsecured debt obligations of such
holding company, but only if Xxxxx'x is not the applicable Rating
Agency) are then rated one of the two highest long-term and the
highest short-term ratings of each Rating Agency for such
securities, or such lower ratings as shall not result in the
downgrading or withdrawal of the ratings then assigned to the
Certificates by the Rating Agencies, as evidenced by a signed
writing delivered by each Rating Agency;
(v) demand or time deposits or certificates of deposit issued
by any bank or trust company or savings institution to the extent
that such deposits are fully insured by the FDIC;
(vi) guaranteed reinvestment agreements issued by any bank,
insurance company or other corporation acceptable to the Rating
Agencies at the time of the issuance of such agreements, as
evidenced by a signed writing delivered by each Rating Agency;
(vii) repurchase obligations with respect to any security described
in clauses (i) and (ii) above, in either case entered into with a
depository institution or trust company (acting as principal)
described in clause (iv) above;
(viii) securities (other than stripped bonds, stripped coupons or
instruments sold at a purchase price in excess of 115% of the face
amount thereof) bearing interest or sold at a discount issued by
any corporation incorporated under the laws of the United States or
any state thereof which, at the time of such investment, have one
of the two highest ratings of each Rating Agency (except if the
Rating Agency is Moody's, such rating shall be the highest
commercial paper rating of Moody's for any such series), or such
lower rating as shall not result in the downgrading or withdrawal
of the ratings then assigned to the Certificates by the Rating
Agencies, as evidenced by a signed writing delivered by each Rating
Agency;
(ix) interests in any money market fund which at the date of
acquisition of the interests in such fund and throughout the time
such interests are held in such fund has the highest applicable
rating by each Rating Agency rating such fund or such
4
lower rating as shall not result in a change in the rating then
assigned to the Certificates by each Rating Agency, as evidenced by
a signed writing delivered by each Rating Agency, including funds
for which the Trustee, the Master Servicer, the Securities
Administrator or any of its Affiliates is investment manager or
adviser;
(x) short-term investment funds sponsored by any trust company
or national banking association incorporated under the laws of the
United States or any state thereof which on the date of acquisition
has been rated by each applicable Rating Agency in their respective
highest applicable rating category or such lower rating as shall
not result in a change in the rating then specified stated maturity
and bearing interest or sold at a discount acceptable to each
Rating Agency as shall not result in the downgrading or withdrawal
of the ratings then assigned to the Certificates by the Rating
Agencies, as evidenced by a signed writing delivered by each Rating
Agency; and
(xi) such other investments having a specified stated maturity
and bearing interest or sold at a discount acceptable to the Rating
Agencies as shall not result in the downgrading or withdrawal of
the ratings then assigned to the Certificates by the Rating
Agencies, as evidenced by a signed writing delivered by each Rating
Agency;
provided, that no such instrument shall be a Permitted Investment
if (i) such instrument evidences the right to receive interest only
payments with respect to the obligations underlying such instrument
or (ii) such instrument would require the Depositor to register as
an investment company under the Investment Company Act of 1940, as
amended.
(b) The definition of "Remittance Date" in Section 1.01 of the Initial
Agreement is hereby amended and restated in its entirety as follows:
"Remittance Date: The 18th day of each month (or, if such 18th day is not
a Business Day, the following Business Day)."
(c) The definition of "Servicing Fee" in Section 1.01 of the Initial
Agreement is hereby amended and restated in its entirety as follows:
"The Servicing Fee with respect to each Mortgage Loan for any calendar
month (or a portion thereof) shall be 1/12 of the product of (i) the Scheduled
Principal Balance of the Mortgage Loan and (ii) the Servicing Fee Rate
applicable to such Mortgage Loan. Such fee shall be payable monthly, computed
on the basis of the same principal amount and period respecting which any
related interest payment on a Mortgage Loan is computed."
(d) The definition of "Servicing Fee Rate" in Section 1.01 of the Initial
Agreement is hereby amended and restated in its entirety as follows:
"Servicing Fee Rate": With respect to the adjustable rate Mortgage Loans,
0.250% per annum."
(e) Subsection 3.02(d) of the Initial Agreement is hereby amended and
restated in its entirety as follows:
"As of the Closing Date, none of the Mortgage Loans are contractually
past due by more than 30 days;"
5
(f) The following paragraphs are hereby incorporated into the Initial
Agreement at the end of Section 4.13:
"The Seller shall prepare for and deliver to the Purchaser, or its
designee, a statement with respect to each REO Property that has been rented
showing the aggregate rental income received and all expenses incurred in
connection with the maintenance of such REO Property at such times as is
necessary to enable the Purchaser, or its designee, to comply with the
reporting requirements of the REMIC Provisions. The net monthly rental income,
if any, from such REO Property shall be deposited in the Certificate Account no
later than the close of business on each Determination Date. The Seller shall
perform the tax reporting and withholding required by Sections 1445 and 6050J
of the Code with respect to foreclosures and abandonments, the tax reporting
required by Section 6050H of the Code with respect to the receipt of mortgage
interest from individuals and any tax reporting required by Section 6050P of
the Code with respect to the cancellation of indebtedness by certain financial
entities, by preparing such tax and information returns as may be required, in
the form required, and delivering the same to the Purchaser, or its designee,
for filing.
Notwithstanding any other provision of this Agreement, no Mortgaged
Property acquired by the Purchaser, or its designee, shall be rented (or
allowed to continue to be rented) or otherwise used for the production of
income by or on behalf of the Purchaser, or its designee, in such a manner or
pursuant to any terms that would (i) cause such Mortgaged Property to fail to
qualify as "foreclosure property" within the meaning of section 860G(a)(8) of
the Code or (ii) subject any REMIC to the imposition of any federal, state or
local income taxes on the income earned from such Mortgaged Property under
Section 860G(c) of the Code or otherwise, unless the Seller has agreed to
indemnify and hold harmless the Purchaser, or its designee, with respect to the
imposition of any such taxes."
(g) The second paragraph of Section 5.01 of the Initial Agreement is
hereby amended and restated in its entirety as follows:
"With respect to any remittance received by the Purchaser after the
Business Day on which such payment was due, the Seller shall pay to the
Purchaser interest on any such late payment at an annual rate equal to the
Prime Rate, adjusted as of the date of each change, plus two 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 Seller on the
date such late payment is made and shall cover the period commencing with such
Business Day on which such payment was due 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 Seller of any such interest shall not be deemed an extension of
time for payment or a waiver of any Event of Default by the Seller."
(h) The first paragraph of Section 5.02 of the Initial Agreement is
hereby amended and restated in its entirety as follows:
"Not later than the 5th Business Day of each month (or if such 5th day is
not a Business Day, the Business Day next succeeding such 5th day), the Seller
shall furnish to the Master Servicer in electronic form mortgage loan level
data as mutually agreed upon by the Seller and the Master Servicer and the
monthly reports substantially in the form of Exhibit J attached hereto with
respect to the Mortgage Loans and the period from but including the first day
of the preceding calendar month through but excluding the first day of such
month."
(i) The first paragraph of Section 5.03 of the Initial Agreement is
hereby amended and restated in its entirety as follows:
"Not later than the close of business on the Business Day preceding each
Remittance Date, the Seller shall either (a) deposit in the Custodial Account
from its own funds an amount equal to the
6
principal and interest portion of all Monthly Payments (with interest adjusted
to the Mortgage Loan Remittance Rate) which were due on the Mortgage Loans
during the applicable Due Period and which were delinquent at the close of
business on the immediately preceding Determination Date or which were deferred
pursuant to Section 4.01, (b) cause to be made an appropriate entry in the
records of the Custodial Account that amounts held for future distribution have
been, as permitted by this Section 5.03, used by the Seller in discharge of any
such Monthly Advance or (c) make Monthly Advances in the form of any
combination of (a) or (b) aggregating the total amount of Monthly Advances to
be made, whether or not deferred pursuant to Section 4.01, which were due on a
Mortgage Loan on the immediately preceding Due Date and delinquent at the close
of business on the related Determination Date."
(j) The word "or" is deleted from the end of Section 8.01(vii), the
word "or" is added at the end of Section 8.01(viii) and the
following paragraph is hereby incorporated into the Agreement as
new Section 10.01(ix):
"(ix) failure by the Seller to duly perform, within the required time
period, its obligations under Section 2.04 and Section 2.05 of the Reg AB
Addendum which failure continues unremedied for a period of fourteen (14) days
after the date on which written notice of such failure, requiring the same to
be remedied, shall have been given to the Seller by any party to this Agreement
or by any master servicer responsible for master servicing the Mortgage Loans
pursuant to a securitization of such Mortgage Loans;"
(k) The following paragraph is hereby incorporated into the Initial
Agreement as new Section 11.19:
"Third Party Beneficiary. For purposes of this Agreement, including but
not limited to Section 2.04 and Section 2.05, respectively, of the Reg AB
Addendum, any Master Servicer shall be considered a third party beneficiary to
this Agreement (including the Reg AB Addendum and any other amendments or
modifications thereto) entitled to all the rights and benefits accruing to any
Master Servicer herein as if it were a direct party to this Agreement."
(l) Section 6.04 and Section 6.05 are hereby deleted from the
Initial Agreement, it being understood that they are superseded by
Section 2.04 and Section 2.05, respectively, of the Reg AB
Addendum.
(m) The second sentence in Section 8.01 of the Initial Agreement is
hereby replaced by the following:
"On or after the receipt by the Seller of such written notice of
termination, all authority and power of the Seller, as servicer, under this
Agreement, whether with respect to the Mortgage Loans or otherwise, shall pass
to and be vested in the successor appointed pursuant to Section 11.01."
(n) Exhibit J to the Initial Agreement is hereby replaced in its
entirety with the Amended and Restated Exhibit J attached to this
Assignment as Exhibit II.
6. Amendments to the Reg AB Addendum
(a) Section 2.03(h) of the Reg AB Addendum is amended to also
require that written notice provided pursuant to Section 2.03(f)
shall be given in the form of Exhibit C.
(b) Section 2.06(b) of the Reg AB Addendum is amended as follows:
7
1. The first paragraph of Section 2.06(b) is amended to
insert the phrase ", the Master Servicer, if any" after each
occurrence of the phrase "the Purchaser".
2. The last sentence of the second paragraph of Section
2.06(b) is amended to insert the phrase "and the other
certifications" after the phrase "any assessment of
compliance and attestation".
(c) Section 2.07(a) of the Reg AB Addendum is amended as follows:
1. The phrase "including but not limited to any Master
Servicer" is inserted before the phrase "responsible for the
preparation,".
2. The clause ", affiliates" is inserted before the words
"and agents of each of the foregoing".
(d) Exhibit C to the Reg AB Addendum is replaced by Exhibit III
hereto.
7. Continuing Effect
Except as contemplated hereby, the Agreement shall remain in full force
and effect in accordance with its terms.
8. Governing Law
This Assignment and the rights and obligations hereunder shall be
governed by and construed in accordance with the internal laws of the State of
New York.
9. Notices
Any notices or other communications permitted or required under the
Agreement to be made to the Depositor, MSMCI, the Seller, the Servicer and the
Trustee shall be made in accordance with the terms of the Agreement and shall
be sent as follows:
In the case of MSMCI:
Xxxxxx Xxxxxxx Mortgage Capital Inc.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxx Xxxxxxx Mortgage Loan Trust 2006-8AR
With a copy to:
Xxxxxx Xxxxxxx & Co. Incorporated
0000 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: General Counsel's Office
8
In the case of the Depositor:
Xxxxxx Xxxxxxx Capital I Inc.
0000 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxx Xxxxxxx Mortgage Loan Trust 2006-8AR
In the case of the Trustee:
LaSalle Bank National Association
000 Xxxxx XxXxxxx Xxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxxxxx 00000
Attention: Global Securities and Trust Services MSM 2006-8AR
In the case of Wachovia and the Servicer:
Wachovia Mortgage Corporation
000 Xxxxx Xxxxx Xxxxxx
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
Attention: Xxxxxx Xxxxxx
With a copy to:
Wachovia Mortgage Corporation
0000 Xxxxxxxxx Xxxxxx Xxxxx
Xxxxxxx, Xxxxx Xxxxxxxx 00000
Attention: Xxx Xxxxxx
or to such other address as may hereafter be furnished by the Depositor and the
Trustee to the parties in accordance with the provisions of the Agreement.
10. Ratification
Except as modified and expressly amended by this Assignment, the
Agreement is in all respects ratified and confirmed, and all terms, provisions
and conditions thereof shall be and remain in full force and effect.
11. Counterparts
This Assignment may be executed in counterparts, each of which when so
executed shall be deemed to be an original and all of which when taken together
shall constitute one and the same instrument.
12. Definitions
Any capitalized term used but not defined in this Assignment has the same
meaning as in the Agreement.
[SIGNATURE PAGE FOLLOWS]
9
IN WITNESS WHEREOF, the parties hereto have executed this Assignment the
day and year first above written.
XXXXXX XXXXXXX MORTGAGE CAPITAL INC.
By: /s/ Xxxxxxx Xxx
------------------------------------
Name: Xxxxxxx Xxx
Title: X.X.
XXXXXX XXXXXXX CAPITAL I INC.
By: /s/ Xxxxxxx Xxx
------------------------------------
Name: Xxxxxxx Xxx
Title: V.P.
WACHOVIA MORTGAGE CORPORATION
By: /s/ Xxxxxx X. Xxxxxx
------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: V.P.
Acknowledged and Agreed:
XXXXX FARGO BANK, NATIONAL
ASSOCIATION, as Master Servicer
By: /s/ Xxxxxxxx X. Xxxxx
------------------------------------
Name: Xxxxxxxx X. Xxxxx
Title: V.P.
LASALLE BANK, NATIONAL
ASSOCIATION, as Trustee of Xxxxxx Xxxxxxx
Mortgage Loan Trust 2006-8AR
By: /s/ Xxxxx X. Xxxx
------------------------------------
Name: Xxxxx X. Xxxx
Title: Asst. V.P.
EXHIBIT I
Mortgage Loan Schedule
[see Schedule A to Pooling and Servicing Agreement]
Exhibit IIA: Standard File Layout - Delinquency Reporting
------------------------------------------------------------------------------------------------------------------------
Column/Header Name Description Decimal Format 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 MM/DD/YYYY
to the servicer at the end of processing cycle,
as reported by Servicer.
------------------------------------------------------------------------------------------------------------------------
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 MM/DD/YYYY
been approved by the courts
------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY_DCHRG_DISM_DATE The Date The Loan Is Removed From Bankruptcy. MM/DD/YYYY
Either by Dismissal, Discharged and/or a Motion
For Relief Was Granted.
------------------------------------------------------------------------------------------------------------------------
LOSS_MIT_APPR_DATE The Date The Loss Mitigation Was Approved By The MM/DD/YYYY
Servicer
------------------------------------------------------------------------------------------------------------------------
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 MM/DD/YYYY
To End/Close
------------------------------------------------------------------------------------------------------------------------
LOSS_MIT_ACT_COMP_DATE The Date The Loss Mitigation Is Actually MM/DD/YYYY
Completed
------------------------------------------------------------------------------------------------------------------------
FRCLSR_APPROVED_DATE The date DA Admin sends a letter to the servicer MM/DD/YYYY
with instructions to begin foreclosure
proceedings.
------------------------------------------------------------------------------------------------------------------------
ATTORNEY_REFERRAL_DATE Date File Was Referred To Attorney to Pursue MM/DD/YYYY
Foreclosure
------------------------------------------------------------------------------------------------------------------------
FIRST_LEGAL_DATE Notice of 1st legal filed by an Attorney in a MM/DD/YYYY
Foreclosure Action
------------------------------------------------------------------------------------------------------------------------
FRCLSR_SALE_EXPECTED_DATE The date by which a foreclosure sale is expected MM/DD/YYYY
to occur.
------------------------------------------------------------------------------------------------------------------------
FRCLSR_SALE_DATE The actual date of the foreclosure sale. MM/DD/YYYY
------------------------------------------------------------------------------------------------------------------------
FRCLSR_SALE_AMT The amount a property sold for at the 2 No commas(,)
foreclosure sale. or dollar
signs ($)
------------------------------------------------------------------------------------------------------------------------
EVICTION_START_DATE The date the servicer initiates eviction of the MM/DD/YYYY
borrower.
------------------------------------------------------------------------------------------------------------------------
EVICTION_COMPLETED_DATE The date the court revokes legal possession of MM/DD/YYYY
the property from the borrower.
------------------------------------------------------------------------------------------------------------------------
LIST_PRICE The price at which an REO property is marketed. 2 No commas(,)
or dollar
signs ($)
------------------------------------------------------------------------------------------------------------------------
LIST_DATE The date an REO property is listed at a MM/DD/YYYY
particular price.
------------------------------------------------------------------------------------------------------------------------
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 MM/DD/YYYY
the Servicer.
------------------------------------------------------------------------------------------------------------------------
REO_CLOSING_DATE The date the REO sale of the property is MM/DD/YYYY
scheduled to close.
------------------------------------------------------------------------------------------------------------------------
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 2
on brokers price opinion or appraisal.
------------------------------------------------------------------------------------------------------------------------
REPAIRED_PROP_VAL The amount the property would be worth if 2
repairs are completed pursuant to a broker's
price opinion or appraisal.
------------------------------------------------------------------------------------------------------------------------
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 MM/DD/YYYY
Mortgage Insurance Company.
------------------------------------------------------------------------------------------------------------------------
MI_CLAIM_AMT Amount of Mortgage Insurance Claim Filed No commas(,)
or dollar
signs ($)
------------------------------------------------------------------------------------------------------------------------
MI_CLAIM_PAID_DATE Date Mortgage Insurance Company Disbursed Claim MM/DD/YYYY
Payment
------------------------------------------------------------------------------------------------------------------------
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 MM/DD/YYYY
By The Pool Insurer
------------------------------------------------------------------------------------------------------------------------
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 IIB: Standard File Codes - Delinquency Reporting
The Loss Mit Type field should show the approved Loss Mitigation Code as
follows:
o ASUM- Approved Assumption
o BAP- Borrower Assistance Program
o CO- Charge Off
o DIL- Deed-in-Lieu
o FFA- Formal Forbearance Agreement
o MOD- Loan Modification
o PRE- Pre-Sale
o SS- Short Sale
o 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:
o Mortgagor
o Tenant
o Unknown
o Vacant
The Property Condition field should show the last reported condition of the
property as follows:
o Damaged
o Excellent
o Fair
o Gone
o Good
o Poor
o Special Hazard
o Unknown
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
-------------------------------------------------------------------
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 IIC: Standard File Layout - Master Servicing
------------------------------------------------------------------------------------------------------------
Column Name Description Decimal Format Comment Max
Size
------------------------------------------------------------------------------------------------------------
SER_INVESTOR_NBR A value assigned by the Text up to 10 digits 20
Servicer to define a
group of loans.
------------------------------------------------------------------------------------------------------------
LOAN_NBR A unique identifier Text up to 10 digits 10
assigned to each loan by
the investor.
------------------------------------------------------------------------------------------------------------
SERVICER_LOAN_NBR A unique number assigned Text up to 10 digits 10
to a loan by the
Servicer. This may be
different than the
LOAN_NBR.
------------------------------------------------------------------------------------------------------------
BORROWER_NAME The borrower name as Maximum length of 30 30
received in the file. (Last, First)
It is not separated by
first and last name.
------------------------------------------------------------------------------------------------------------
SCHED_PAY_AMT Scheduled monthly 2 No commas(,) or dollar 11
principal and scheduled signs ($)
interest payment that a
borrower is expected to
pay, P&I constant.
------------------------------------------------------------------------------------------------------------
NOTE_INT_RATE The loan interest rate 4 Max length of 6 6
as reported by the
Servicer.
------------------------------------------------------------------------------------------------------------
NET_INT_RATE The loan gross interest 4 Max length of 6 6
rate less the service
fee rate as reported by
the Servicer.
------------------------------------------------------------------------------------------------------------
SERV_FEE_RATE The servicer's fee rate 4 Max length of 6 6
for a loan as reported
by the Servicer.
------------------------------------------------------------------------------------------------------------
SERV_FEE_AMT The servicer's fee 2 No commas(,) or dollar 11
amount for a loan as signs ($)
reported by the
Servicer.
------------------------------------------------------------------------------------------------------------
NEW_PAY_AMT The new loan payment 2 No commas(,) or dollar 11
amount as reported by signs ($)
the Servicer.
------------------------------------------------------------------------------------------------------------
NEW_LOAN_RATE The new loan rate as 4 Max length of 6 6
reported by the
Servicer.
------------------------------------------------------------------------------------------------------------
ARM_INDEX_RATE The index the Servicer 4 Max length of 6 6
is using to calculate a
forecasted rate.
------------------------------------------------------------------------------------------------------------
ACTL_BEG_PRIN_BAL The borrower's actual 2 No commas(,) or dollar 11
principal balance at the signs ($)
beginning of the
processing cycle.
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
ACTL_END_PRIN_BAL The borrower's actual 2 No commas(,) or dollar 11
principal balance at the signs ($)
end of the processing
cycle.
------------------------------------------------------------------------------------------------------------
BORR_NEXT_PAY_DUE_DATE The date at the end of MM/DD/YYYY 10
processing cycle that
the borrower's next
payment is due to the
Servicer, as reported by
Servicer.
------------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_1 The first curtailment 2 No commas(,) or dollar 11
amount to be applied. signs ($)
------------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_1 The curtailment date MM/DD/YYYY 10
associated with the
first curtailment
amount.
------------------------------------------------------------------------------------------------------------
CURT_ADJ_ AMT_1 The curtailment interest 2 No commas(,) or dollar 11
on the first curtailment signs ($)
amount, if applicable.
------------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_2 The second curtailment 2 No commas(,) or dollar 11
amount to be applied. signs ($)
------------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_2 The curtailment date MM/DD/YYYY 10
associated with the
second curtailment
amount.
------------------------------------------------------------------------------------------------------------
CURT_ADJ_ AMT_2 The curtailment interest 2 No commas(,) or dollar 11
on the second signs ($)
curtailment amount, if
applicable.
------------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_3 The third curtailment 2 No commas(,) or dollar 11
amount to be applied. signs ($)
------------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_3 The curtailment date MM/DD/YYYY 10
associated with the
third curtailment amount.
------------------------------------------------------------------------------------------------------------
CURT_ADJ_AMT_3 The curtailment interest 2 No commas(,) or dollar 11
on the third curtailment signs ($)
amount, if applicable.
------------------------------------------------------------------------------------------------------------
PIF_AMT The loan "paid in full" 2 No commas(,) or dollar 11
amount as reported by signs ($)
the Servicer.
------------------------------------------------------------------------------------------------------------
PIF_DATE The paid in full date as MM/DD/YYYY 10
reported by the Servicer.
------------------------------------------------------------------------------------------------------------
ACTION_CODE The standard FNMA
numeric code used to Action Code Key: 2
indicate the 15=Bankruptcy,
default/delinquent 30=Foreclosure, ,
status of a particular 60=PIF, 63=Substitution,
loan. 65=Repurchase,70=REO
------------------------------------------------------------------------------------------------------------
INT_ADJ_AMT The amount of the 2 No commas(,) or dollar 11
interest adjustment as signs ($)
reported by the Servicer.
------------------------------------------------------------------------------------------------------------
SOLDIER_SAILOR_ADJ_AMT The Soldier and Sailor 2 No commas(,) or dollar 11
Adjustment amount, if signs ($)
applicable.
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
NON_ADV_LOAN_AMT The Non Recoverable Loan 2 No commas(,) or dollar 11
Amount, if applicable. signs ($)
------------------------------------------------------------------------------------------------------------
LOAN_LOSS_AMT The amount the Servicer 2 No commas(,) or dollar 11
is passing as a loss, if signs ($)
applicable.
------------------------------------------------------------------------------------------------------------
SCHED_BEG_PRIN_BAL The scheduled 2 No commas(,) or dollar 11
outstanding principal signs ($)
amount due at the
beginning of the cycle
date to be passed
through to investors.
------------------------------------------------------------------------------------------------------------
SCHED_END_PRIN_BAL The scheduled principal 2 No commas(,) or dollar 11
balance due to investors signs ($)
at the end of a
processing cycle.
------------------------------------------------------------------------------------------------------------
SCHED_PRIN_AMT The scheduled principal 2 No commas(,) or dollar 11
amount as reported by signs ($)
the Servicer for the
current cycle -- only
applicable for
Scheduled/Scheduled
Loans.
------------------------------------------------------------------------------------------------------------
SCHED_NET_INT The scheduled gross 2 No commas(,) or dollar 11
interest amount less the signs ($)
service fee amount for
the current cycle as
reported by the Servicer
-- only applicable for
Scheduled/Scheduled
Loans.
------------------------------------------------------------------------------------------------------------
ACTL_PRIN_AMT The actual principal 2 No commas(,) or dollar 11
amount collected by the signs ($)
Servicer for the current
reporting cycle -- only
applicable for
Actual/Actual Loans.
------------------------------------------------------------------------------------------------------------
ACTL_NET_INT The actual gross 2 No commas(,) or dollar 11
interest amount less the signs ($)
service fee amount for
the current reporting
cycle as reported by the
Servicer -- only
applicable for
Actual/Actual Loans.
------------------------------------------------------------------------------------------------------------
PREPAY_PENALTY_ AMT The penalty amount 2 No commas(,) or dollar 11
received when a borrower signs ($)
prepays on his loan as
reported by the
Servicer.
------------------------------------ -------------------------- ---------- -------------------------- ------
PREPAY_PENALTY_ WAIVED The prepayment penalty 2 No commas(,) or dollar 11
amount for the loan signs ($)
waived by the servicer.
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
MOD_DATE The Effective Payment MM/DD/YYYY 10
Date of the Modification
for the loan.
------------------------------------------------------------------------------------------------------------
MOD_TYPE The Modification Type. Varchar - value can be 30
alpha or numeric
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
DELINQ_P&I_ADVANCE_AMT The current outstanding 2 No commas(,) or dollar 11
principal and interest signs ($)
advances made by
Servicer.
------------------------------------------------------------------------------------------------------------
Exhibit IID : 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.
(e)
(f) 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.
(g) 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 ( ).
Exhibit IIE: 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 (see page 2) ________________ (5)
(6)Property Maintenance ________________ (6)
(7)MI/Hazard Insurance Premiums (see page 2) ________________ (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__________________________ ________________ (12)
HOA/Condo Fees_______________________ ________________ (12)
______________________________________ ________________ (12)
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 / Gov't Insurance _______________ (18a)
HUD Part A _______________
(18b) HUD Part B
(19) Pool Insurance Proceeds _______________ (19)
(20) Proceeds from Sale of Acquired Property _______________ (20)
(21) Other (itemize) _______________ (21)
_________________________________________ _______________ (21)
Total Credits $ _______________ (22)
Total Realized Loss (or Amount of Gain) $ _______________ (23)
Escrow Disbursement Detail
---------------- ------------- -------------- ------------- -------------- ------------- --------------
Type Date Paid Period of Total Paid Base Amount Penalties Interest
(Tax /Ins.) Coverage
---------------- ------------- -------------- ------------- -------------- ------------- --------------
EXHIBIT III
EXHIBIT B-1
Additional Disclosure Notification
Xxxxx Fargo Bank, N.A. as [Securities Administrator and Master Servicer]
0000 Xxx Xxxxxxxxx Xxxx
Xxxxxxxx, Xxxxxxxx 00000
Fax: (000) 000-0000
E-mail: xxx.xxx.xxxxxxxxxxxxx@xxxxxxxxxx.xxx
Attn: Corporate Trust Services - MSM [deal number] - SEC REPORT PROCESSING
RE: **Additional Form [ ] Disclosure**Required
Ladies and Gentlemen:
In accordance with Section [2.03(d)][2.03(e)][2.03(f)] of the Regulation
AB Compliance Addendum, dated as of April 17, 2006, as amended by the
Assignment, Assumption and Recognition Agreement dated as of [date] among
Xxxxxx Xxxxxxx Capital I Inc., as Depositor, Wachovia Mortgage Corporation,
Xxxxx Fargo Bank, National Association, as Master Servicer, and LaSalle Bank
National Association as Trustee. The Undersigned hereby notifies you that
certain events have come to our attention that [will][may] need to be disclosed
on Form [ ].
Description of Additional Form [ ] Disclosure:
List of Any Attachments hereto to be included in the Additional Form [ ]
Disclosure:
Any inquiries related to this notification should be directed to [ ],
phone number: [ ]; email address: [ ].
[NAME OF PARTY]
as [role]
By: __________________
Name:
Title:
