ASSIGNMENT OF REPRESENTATIONS AND WARRANTIES AGREEMENT

EXHIBIT 10.18

EXECUTION COPY

ASSIGNMENT OF REPRESENTATIONS AND WARRANTIES AGREEMENT

This is an Assignment of Representations and Warranties Agreement (the “Agreement”) made as of the 21st day of September, 2012, among Redwood Residential Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc., a Delaware corporation (“Depositor”), Christiana Trust, a division of Wilmington Savings Fund Society, FSB, a federal savings bank, not in its individual capacity but solely as trustee (in such capacity, the “Trustee” or the “Assignee”) under a Pooling and Servicing Agreement dated as of September 1, 2012, among the Depositor, Xxxxx Fargo Bank, N.A., as master servicer and securities administrator, and the Trustee (the “Pooling and Servicing Agreement”), and United Shore Financial Services, LLC, a Michigan limited liability company (“Shore”).

In consideration of the mutual promises contained herein, the parties hereto agree that the mortgage loans (the “Mortgage Loans”) listed on Attachment 1 annexed hereto (the “Mortgage Loan Schedule”) are subject to the terms of the Flow Mortgage Loan Purchase and Sale Agreement dated as of December 1, 2011, between Assignor and Shore (the “Purchase Agreement”) as modified or supplemented by this Agreement. Unless otherwise specified herein, capitalized terms used herein but not defined shall have the meanings ascribed to them in the Purchase Agreement. Assignor will sell the Mortgage Loans to Depositor pursuant to a Mortgage Loan Purchase and Sale Agreement dated the date hereof, and Depositor will sell the Mortgage Loans to Assignee pursuant to the Pooling and Servicing Agreement.

Assignment

1. Assignor hereby grants, transfers and assigns to Depositor all of its right, title and interest in, to and under the representations and warranties made by Shore pursuant to Subsection 7.01 and Subsection 7.02 of the Purchase Agreement to the extent relating to the Mortgage Loans, and Depositor hereby accepts such assignment from Assignor.

2. Depositor hereby grants, transfers and assigns to Assignee all of its right, title and interest in, to and under the representations and warranties made by Shore pursuant to Subsection 7.01 and Subsection 7.02 of the Purchase Agreement to the extent relating to the Mortgage Loans, Depositor is released from all obligations under the Purchase Agreement, and Assignee hereby accepts such assignment from Depositor.

3. Shore hereby acknowledges the foregoing assignments.

Representations and Warranties

4. Assignor warrants and represents to, and covenants with, Depositor, Assignee and Shore as of the date hereof that:

(a) Attached hereto as Attachment 2 is a true and accurate copy of the Purchase 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) Assignor is the lawful owner of its interests and rights under the Purchase Agreement to the extent of the Mortgage Loans, free and clear from any and all claims and encumbrances whatsoever, and upon the transfer of the representations and warranties to Assignee as contemplated herein, Assignee shall have good title to such representations and warranties under the Purchase Agreement to the extent of the Mortgage Loans, free and clear of all liens, claims and encumbrances;

(d) 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 enter into and perform its obligations under the Purchase Agreement;

(e) Assignor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this 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 Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Assignor. This Agreement has been duly executed and delivered by Assignor and, upon the due authorization, execution and delivery by Assignee, 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; and

(f) 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 Agreement, or the consummation by it of the transactions contemplated hereby.

5. Depositor warrants and represents to, and covenants with, Assignor, Assignee and Shore that as of the date hereof:

(a) Depositor is a Delaware corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;

(b) Depositor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Depositor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Depositor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Depositor 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 Depositor or its property is subject. The execution, delivery and performance by Depositor of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of Depositor. This Agreement has been duly executed and delivered by Depositor and, upon the due authorization, execution and delivery by the other parties hereto, will constitute the valid and legally binding obligation of Depositor enforceable against Depositor 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; and

(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 Depositor in connection with the execution, delivery or performance by Depositor of this Agreement, or the consummation by it of the transactions contemplated hereby other than any that have been obtained or made.

6. Assignee warrants and represents to, and covenants with, Assignor, Depositor and Shore that as of the date hereof:

(a) Assignee is a federal savings bank duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization; and

(b) Assignee has been directed to enter into this Agreement pursuant to the provisions of the Pooling and Servicing Agreement. The execution, delivery and performance by Assignee of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary action on part of Assignee. This Agreement has been duly executed and delivered by Assignee and, upon the due authorization, execution and delivery by the other 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.

7. Shore warrants and represents to, and covenants with, Assignor, Depositor and Assignee as of the date hereof that:

(b) Shore 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 perform its obligations under the Purchase Agreement;

(c) Shore has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Shore’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Shore’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Shore 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 Shore or its property is subject. The execution, delivery and performance by Shore of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of Shore. This Agreement has been duly executed and delivered by Shore and, upon the due authorization, execution and delivery by Assignor, Assignee and the Depositor, will constitute the valid and legally binding obligation of Shore enforceable against Shore 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; and

(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 Shore in connection with the execution, delivery or performance by Shore of this Agreement, or the consummation by it of the transactions contemplated hereby.

Restated Shore Representations and Warranties

8. Pursuant to Section 32(d) of the Purchase Agreement, Shore hereby restates to Depositor and Assignee (a) the representations and warranties set forth in Subsection 7.01 of the Purchase Agreement as of the related Closing Date with respect to each Mortgage Loan and (b) the representations and warranties set forth in Subsection 7.02 of the Purchase Agreement as of the date hereof, as if such representations and warranties were set forth herein in full.

In the event of a breach of any representations and warranties referred to in clauses (a) or (b) above as of the related Closing Date or the date hereof, as the case may be, Assignee shall be entitled to all the remedies under Subsection 7.03 and Subsection 12.01 of the Purchase Agreement, including, without limitation, the right to compel Shore to repurchase Mortgage Loans pursuant to Section 7.03 of the Purchase Agreement, subject to the provisions of Section 10 of this Agreement.

Recognition of Assignee

9. From and after the date hereof, subject to Section 10 below, Shore shall recognize Assignee as owner of the Mortgage Loans and will perform its obligations hereunder for the benefit of the Assignee in accordance with the Purchase Agreement, as modified hereby or as may be amended from time to time, as if Assignee and Shore had entered into a separate purchase agreement for the purchase of the Mortgage Loans in the form of the Purchase Agreement, the terms of which are incorporated herein by reference, as amended by this Agreement.

Enforcement of Rights

10. (a) Controlling Holder Rights. Shore agrees and acknowledges that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will exercise all of Assignee's rights as Purchaser under the following section of the Purchase Agreement:

Purchase Agreement:

Section or Subsection		Matter

7.03, other than 7.03(c)		Repurchase and Substitution

(b) If there is no Controlling Holder under the Pooling and Servicing Agreement, then all rights that are to be exercised by the Controlling Holder pursuant to Section 10(a) shall be exercised by Assignee.

Amendments to Purchase Agreement

11. The parties agree that the Purchase Agreement shall be amended, solely with respect to the Mortgage Loans, as follows:

(a) Definitions.

(i) The definitions of “Business Day” and “Repurchase Price” set forth in Section 1 of the Purchase Agreement shall be deleted and replaced in their entirety as follows:

Business Day: Any day other than (i) a Saturday or a Sunday, (ii) a legal holiday in the states of California, Delaware, Maryland, Michigan, Minnesota, Missouri or New York, (iii) a day on which banks in the states of California, Delaware, Maryland, Michigan, Minnesota, Missouri or New York, are authorized or obligated by law or executive order to be closed or (iv) a day on which the New York Stock Exchange or the Federal Reserve Bank of New York is closed.

Repurchase Price: With respect to any Mortgage Loan, a price equal to (i) the unpaid principal balance of the Mortgage Loan, plus (ii) interest on such unpaid principal balance at the related Mortgage Interest Rate from the last date through which interest was last paid by or on behalf of the Mortgagor to the last day of the month in which such repurchase occurs, plus (iii) reasonable and customary third party expenses incurred in connection with the transfer of the Mortgage Loan being repurchased, minus (iv) any amounts received in respect of such repurchased Mortgage Loan and being held for future distribution in connection with such Mortgage Loan.

(b) The following sentence shall be added as the new third sentence of Subsection 7.03(a):

Each determination as to whether there has been such a breach shall be conducted on a Mortgage Loan-by-Mortgage Loan basis.

(c) The rights under the Purchase Agreement assigned to the Depositor and the Assignee pursuant to this Agreement shall be under the Purchase Agreement as amended by this Agreement.

Miscellaneous

12. All demands, notices and communications related to the Mortgage Loans, the Purchase Agreement and this 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 Shore,

United Shore Financial Services, LLC

000 X. Xxxxx Xxxx

Xxxxxxxxxx, Xxxxxxxx 00000

Attention: Chief Executive Officer

Phone: (000) 000-0000

Facsimile: (000) 000-0000

with a copy to

General Counsel at the same address

(b) In the case of Assignee,

Christiana Trust, a division of Wilmington Savings Fund Society, FSB

000 Xxxxxxxx Xxxxxx, 00xx Xxxxx

Xxxxxxxxxx, Xxxxxxxx, 00000

Attention: Corporate Trust

Sequoia Residential Funding, Inc.

Xxx Xxxxxxxxx Xxxxx, Xxxxx 000

Xxxx Xxxxxx, Xxxxxxxxxx 00000

Attention: Xxxxxxx Xxxxxxx

with a copy to

General Counsel at the same address

(d) In the case of Assignor,

Redwood Residential Acquisition Corporation

Xxx Xxxxxxxxx Xxxxx, Xxxxx 000

Xxxx Xxxxxx, Xxxxxxxxxx 00000

Attention: Xxxxxxx Xxxxxxx

with a copy to

General Counsel at the same address

(e) In the case of Master Servicer,

Xxxxx Fargo Bank, N.A.

0000 Xxx Xxxxxxxxx Xxxx

Xxxxxxxx, Xxxxxxxx 00000)

Telephone number: (000) 000-0000

Facsimile number: (000) 000-0000

Attention: Client Manager — Sequoia Mortgage Trust 2012-4

(f) In the case of the initial Controlling Holder,

Sequoia Mortgage Funding Corporation

Xxx Xxxxxxxxx Xxxxx, Xxxxx 000

Xxxx Xxxxxx, Xxxxxxxxxx 00000

Attention: Xxxxxxx Xxxxxxx

with a copy to

General Counsel at the same address

13. This Agreement shall be construed in accordance with the laws of the State of New York, except to the extent preempted by Federal law, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws, without regard to the conflicts of laws provisions of the State of New York or any other jurisdiction.

14. No term or provision of this 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.

15. This Agreement shall inure to the benefit of the successors and assigns of the parties hereto. Any entity into which Assignor, Depositor, Assignee or Shore may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Depositor, Assignee or Shore, respectively, hereunder.

16. This Agreement shall survive the conveyance of the Mortgage Loans, the assignment of the representations and warranties made by Shore pursuant to the Purchase Agreement to the extent of the Mortgage Loans by Assignor to Depositor and by Depositor to Assignee, and the termination of the Purchase Agreement.

17. 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.

18. The Controlling Holder under the Pooling and Servicing Agreement is an express third party beneficiary of this Agreement, and shall have the same power and ability to exercise and enforce the rights stated to be provided to it hereunder as if it were a signatory hereto. Shore hereby consents to such exercise and enforcement.

19. It is expressly understood and agreed by the parties hereto that insofar as this Agreement is executed by the Trustee (i) this Agreement is executed and delivered by Christiana Trust, a division of Wilmington Savings Fund Society, FSB (“Christiana Trust”) not in its individual capacity but solely as Trustee on behalf of the trust created by the Pooling and Servicing Agreement referred to herein (the “Trust”) in the exercise of the powers and authority conferred upon and vested in it, and as directed in the Pooling and Servicing Agreement, (ii) each of the undertakings and agreements herein made on behalf of the Trust is made and intended not as a personal undertaking or agreement of or by Christiana Trust but is made and intended for purposes of binding only the Trust, (iii) nothing herein contained shall be construed as creating any liability on the part of Christiana Trust, individually or personally, to perform any covenant either express or implied in this Agreement, all such liability, if any, being expressly waived by the parties hereto and by any person claiming by, through or under the parties hereto, and (iv) under no circumstances shall Christiana Trust in its individual capacity or in its capacity as Trustee be personally liable for the payment of any indebtedness, amounts or expenses owed by the Assignor under the Purchase Agreement, as modified or supplemented by this Agreement (such indebtedness, expenses and other amounts being payable solely from and to the extent of funds of the Trust) or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made under this Agreement or any other related documents.

20. Master Servicer. Shore hereby acknowledges that the Assignee has appointed Xxxxx Fargo Bank, N.A. to act as master servicer and securities administrator under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, demands, instructions, authorizations and other communications from the Master Servicer as if the same had been received from the Assignee. The Master Servicer, acting on behalf of the Assignee, shall have the rights of the Assignee as the Purchaser under this Agreement, including, without limitation, the right to enforce the obligations of Shore hereunder and under the Purchase Agreement and the right to exercise the remedies of the Purchaser hereunder and under the Purchase Agreement.

Shore shall make all remittances due by it to the Purchaser with respect to the Mortgage Loans to the following account by wire transfer of immediately available funds:

Xxxxx Fargo Bank, N.A.

San Francisco, California

ABA# 000-000-000

Account #0000000000

Account Name: SAS Clearing

FFC: Account #00000000, Sequoia Mortgage Trust 2012-4 Distribution Account

21. Shore acknowledges that the custodian will be Xxxxx Fargo Bank, N.A. acting pursuant to the Custodial Agreement. Notwithstanding Section 10 of the Purchase Agreement, if there has been a breach of any representation or warranty made with respect to the related Mortgage Loan in Subsection 7.01 of the Purchase Agreement, Shore shall pay shipping expenses for sending any Mortgage Loan Documents to Shore or as otherwise necessary to cure such breach.

22. Rule 17g-5 Compliance. Shore hereby agrees that it shall provide any information with respect to the Mortgage Loans or the origination thereof that it is reasonably requested to provide to any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic mail at xxxx00x0xxxxxxxxxxxxxxxxxxx@xxxxxxxxxx.xxx, with a subject reference of “SEMT 2012-4” and an identification of the type of information being provided in the body of such electronic mail. The Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”) shall notify Shore in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider. Shore shall have no liability for (i) the Rule 17g-5 Information Provider’s failure to post information provided by it in accordance with the terms of this Agreement or (ii) any malfunction or disabling of the website maintained by the Rule 17g-5 Information Provider. None of the foregoing restrictions in this Section 22 prohibit or restrict oral or written communications, or providing information, between Shore, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to Shore or (ii) such Rating Agency’s or NRSRO’s evaluation of Shore’s operations in general; provided, however, that Shore shall not provide any information relating to the Mortgage Loans to such Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless: (x) borrower, property or deal specific identifiers are redacted; or (y) such information has already been provided to the Rule 17g-5 Information Provider.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above written.

	REDWOOD RESIDENTIAL ACQUISITION CORPORATION
	Assignor

	By:
	Name:
	Title:

	SEQUOIA RESIDENTIAL FUNDING, INC.
	Depositor

	By:
	Name:
	Title:

	Christiana Trust, a division of Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Trustee,
	Assignee

	By:
	Name:
	Title:

	United Shore Financial Services, LLC

	By:
	Name:
	Title:

Accepted and agreed to by:

XXXXX FARGO BANK, N.A.
Master Servicer

By:
Name:
Title:

Signature Page – Assignment of Representations and Warranties – United Shore Financial (SEMT 2012-4)

ATTACHMENT 1

MORTGAGE LOAN SCHEDULE

Primary Servicer	Servicing Fee %	Servicing Fee—Flatdollar	Servicing Advance Methodology	Originator	Loan Group	Loan Number	Amortization Type	Lien Position	HELOC Indicator
1000383	0.002500			1000324		1311122076	1	1	0
1000383	0.002500			1000324		1312121374	1	1	0
1000383	0.002500			1000324		1312121460	1	1	0
1000383	0.002500			1000324		1312122038	1	1	0
1000383	0.002500			1000324		1312122086	1	1	0
1000383	0.002500			1000324		0000000000	1	1	0
1000383	0.002500			1000324		1351206300	1	1	0
1000383	0.002500			1000324		1351207180	1	1	0
1000383	0.002500			1000324		1351207433	1	1	0
1000383	0.002500			1000324		0000000000	1	1	0
1000383	0.002500			1000324		1351210452	1	1	0
1000383	0.002500			1000324		1351210837	1	1	0
1000383	0.002500			1000324		1351211426	1	1	0
1000383	0.002500			1000324		0000000000	1	1	0
1000383	0.002500			1000324		1351211907	1	1	0
1000383	0.002500			1000324		1351211933	1	1	0
1000383	0.002500			1000324		0000000000	1	1	0
1000383	0.002500			1000324		1351213992	1	1	0
1000383	0.002500			1000324		1351214232	1	1	0
1000383	0.002500			1000324		1351214874	1	1	0
1000383	0.002500			1000324		1351215171	1	1	0
1000383	0.002500			1000324		1351215263	1	1	0
1000383	0.002500			1000324		1351215541	1	1	0
1000383	0.002500			1000324		1351215628	1	1	0
1000383	0.002500			1000324		1351218206	1	1	0
1000383	0.002500			1000324		1351218527	1	1	0
1000383	0.002500			1000324		1351221600	1	1	0
1000383	0.002500			1000324		1351222604	1	1	0
1000383	0.002500			1000324		0000000000	1	1	0
1000383	0.002500			1000324		1451216800	1	1	0
1000383	0.002500			1000324		1612451068	1	1	0
1000383	0.002500			1000324		1351223389	1	1	0

Loan Purpose	Cash Out Amount	Total Origination and Discount Points	Covered/High Cost Loan Indicator	Relocation Loan Indicator	Broker Indicator	Channel	Escrow Indicator	Senior Loan Amount(s)	Loan Type of Most Senior Lien
9						1	0	0
9						1	4	0
9						1	0	0
9						1	0	0
9						1	0	0
9						2	4	0
9						2	0	0
6						2	4	0
9						2	0	0
7						2	4	0
7						2	4	0
9						2	4	0
7						2	0	0
9						2	0	0
7						2	4	0
9						2	0	0
9						2	4	0
9						2	4	0
7						2	4	0
7						2	4	0
9						2	4	0
7						2	4	0
7						2	4	0
9						2	4	0
9						2	4	0
7						2	0	0
7						2	4	0
7						2	4	0
9						5	4	0
9						1	4	0
9						1	0	0
7						2	4	0

Hybrid Period of Most Senior Lien (in months)	Neg Am Limit of Most Senior Lien	Junior Mortgage Balance	Origination Date of Most Senior Lien	Origination Date	Original Loan Amount	Original Interest Rate	Original Amortization Term	Original Term to Maturity	First Payment Date of Loan
		0.00		20120217	800000.00	0.047500	360	360	20120401
		0.00		20120529	766500.00	0.040000	360	360	20120801
		0.00		20120531	773000.00	0.047500	360	360	20120701
		0.00		20120620	506500.00	0.042500	360	360	20120801
		0.00		20120703	490720.00	0.041250	360	360	20120901
		0.00		20120316	840000.00	0.037500	180	180	20120501
		0.00		20120330	727000.00	0.041250	180	180	20120601
		0.00		20120525	688000.00	0.047500	360	360	20120701
		0.00		20120516	530000.00	0.045000	360	360	20120701
		0.00		20120618	781600.00	0.042500	360	360	20120801
		0.00		20120606	532500.00	0.045000	360	360	20120701
		0.00		20120521	594000.00	0.042500	360	360	20120701
		0.00		20120510	895000.00	0.045000	360	360	20120701
		75000.00		20120521	501000.00	0.045000	360	360	20120701
		0.00		20120605	640000.00	0.047500	360	360	20120801
		0.00		20120621	737000.00	0.041250	360	360	20120801
		0.00		20120529	648000.00	0.045000	360	360	20120701
		0.00		20120718	796850.00	0.043750	360	360	20120901
		0.00		20120523	700000.00	0.041250	360	360	20120701
		0.00		20120517	949900.00	0.045000	360	360	20120701
		0.00		20120611	493600.00	0.046250	360	360	20120801
		0.00		20120607	597100.00	0.045000	360	360	20120801
		0.00		20120529	1327000.00	0.045000	360	360	20120701
		0.00		20120622	925000.00	0.043750	360	360	20120801
		0.00		20120625	920000.00	0.043750	360	360	20120801
		0.00		20120702	608000.00	0.041250	360	360	20120901
		0.00		20120723	696000.00	0.043750	360	360	20120901
		0.00		20120712	642400.00	0.045000	360	360	20120901
		0.00		20120622	574000.00	0.045000	360	360	20120801
		0.00		20120606	538500.00	0.045000	360	360	20120801
		0.00		20120607	941000.00	0.043750	360	360	20120801
		0.00		20120712	517440.00	0.042500	360	360	20120901

Interest Type Indicator	Original Interest Only Term	Buy Down Period	HELOC Draw Period	Current Loan Amount	Current Interest Rate	Current Payment Amount Due	Interest Paid Through Date	Current Payment Status	Index Type
1	0	0		793900.84	0.047500	4173.18	20120901	0	0
1	0	0		764287.54	0.040000	3659.39	20120901	0	0
1	0	0		771047.21	0.047500	4032.33	20120901	0	0
1	0	0		505101.88	0.042500	2491.68	20120901	0	0
1	0	0		490028.58	0.041250	2378.27	20120901	0	0
1	0	0		821251.11	0.037500	6108.67	20120901	0	0
1	0	0		715243.04	0.041250	5423.18	20120901	0	0
1	0	0		685392.90	0.047500	3588.93	20120901	0	0
1	0	0		527898.34	0.045000	2685.43	20120901	0	0
1	0	0		779442.51	0.042500	3845.00	20120901	0	0
1	0	0		529986.19	0.045000	2698.10	20120901	0	0
1	0	0		591389.54	0.042500	2922.12	20120901	0	0
1	0	0		891450.97	0.045000	4534.83	20120901	0	0
1	0	0		498951.38	0.045000	2538.49	20120901	0	0
1	0	0		638386.40	0.047500	3338.54	20120901	0	0
1	0	0		734919.57	0.041250	3571.87	20120901	0	0
1	0	0		645430.42	0.045000	3283.32	20120901	0	0
1	0	0		795776.63	0.043750	3978.55	20120901	0	0
1	0	0		697030.92	0.041250	3392.55	20120901	0	0
1	0	0		946133.27	0.045000	4813.00	20120901	0	0
1	0	0		492326.80	0.046250	2537.79	20120901	0	0
1	0	0		595372.63	0.045000	3025.42	20120901	0	0
1	0	0		1321737.93	0.045000	6723.71	20120901	0	0
1	0	0		922503.47	0.043750	4618.39	20120901	0	0
1	0	0		917516.97	0.043750	4593.42	20120901	0	0
1	0	0		607143.33	0.041250	2946.67	20120901	0	0
1	0	0		695062.47	0.043750	3475.03	20120901	0	0
1	0	0		641554.05	0.045000	3254.95	20120901	0	0
1	0	0		572485.42	0.045000	2908.37	20120901	0	0
1	0	0		537079.09	0.045000	2728.50	20120901	0	0
1	0	0		938460.30	0.043750	4698.27	20120901	0	0
1	0	0		516727.11	0.042500	2545.49	20120901	0	0

ARM Look-back
Days

Gross Margin

ARM Round Flag

ARM Round
Factor

Initial Fixed Rate
Period

Initial Interest
Rate
Cap (Change
Up)

Initial Interest
Rate
Cap (Change
Down)

Subsequent
Interest
Rate Reset
Period

Subsequent
Interest
Rate Cap
(Change Down)

Subsequent
Interest
Rate Cap
(Change
Up)

Lifetime
Maximum
Rate (Ceiling)

Lifetime Minimum
Rate (Floor)

Negative
Amortization
Limit

Initial Negative
Amortization
Recast
Period

Subsequent
Negative
Amortization
Recast
Period

Initial Fixed
Payment Period

Subsequent
Payment Reset
Period

Initial Periodic
Payment Cap

Subsequent
Periodic Payment
Cap

Initial Minimum
Payment
Reset
Period

Subsequent Minimum Payment Reset Period	Option ARM Indicator	Options at Recast	Initial Minimum Payment	Current Minimum Payment	Prepayment Penalty Calculation	Prepayment Penalty Type	Prepayment Penalty Total Term	Prepayment Penalty Hard Term	Primary Borrower ID
							0		295
							0		156
							0		307
							0		157
							0		119
							0		45
							0		200
							0		52
							0		68
							0		166
							0		113
							0		42
							0		255
							0		69
							0		193
							0		317
							0		164
							0		152
							0		112
							0		352
							0		4
							0		23
							0		106
							0		272
							0		335
							0		105
							0		154
							0		250
							0		331
							0		173
							0		162
							0		49

Number of Mortgaged Properties	Total Number of Borrowers	Self-employment Flag	Current ‘Other’ Monthly Payment	Length of Employment: Borrower	Length of Employment: Co- Borrower	Years in Home	FICO Model Used	Most Recent FICO Date	Primary Wage Earner Original FICO: Equifax
2		0		4	6	4	1	8/3/2012
2		1		25	0	16	1
4		0		5	17	4	1
1		0		12		8	1
1		0		3.75	13.5	12.5	1
1		0		2	1	3	1	8/3/2012
2		1		22	9	3	1
1		0		5.25	0.25	0	1
1		1		35		15	1
2		0		1		0	1
1		0		1.5		0	1
1		1		20	0	8	1
2		1		3	0	0	1
1		0		4.5	0	7	1
1		0		6	5	0	1
2		0		0	2	7	1
3		0		19	16	2	1
4		1		21.5	2	0	1
2		0		20		0	1
2		1		11	5	0	1
1		0		14		5	1
1		0		4	0	0	1
1		1		6	0	0	1
3		1		29		25	1
2		1		19		5	1
3		1		6	7	0	1
1		0		18		0	1
2		1		21.25	16	0	1
1		0		5	2	6	1
2		0		8	5	9	1
1		0		29		16	1
2		0		15		0	1

Primary Wage Earner Original FICO: Experian	Primary Wage Earner Original FICO: TransUnion	Secondary Wage Earner Original FICO: Equifax	Secondary Wage Earner Original FICO: Experian	Secondary Wage Earner Original FICO: TransUnion	Original Primary Borrower FICO	Most Recent Primary Borrower FICO	Most Recent Co- Borrower FICO	Most Recent FICO Method	VantageScore: Primary Borrower
					801	754
					769
					760
					725
					808
					795	798
					808
					764
					767
					761
					788
					787
					778
					768
					775
					755
					781
					767
					774
					798
					766
					761
					784
					779
					723
					782
					790
					765
					783
					788
					738
					791

VantageScore: Co- Borrower	Most Recent VantageScore Method	VantageScore Date	Credit Report: Longest Trade Line	Credit Report: Maximum Trade Line	Credit Report: Number of Trade Lines	Credit Line Usage Ratio	Most Recent 12- month Pay History	Months Bankruptcy	Months Foreclosure
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000
							000000000000

Primary Borrower Wage Income	Co-Borrower Wage Income	Primary Borrower Other Income	Co-Borrower Other Income	All Borrower Wage Income	All Borrower Total Income	4506-T Indicator	Borrower Income Verification Level	Co-Borrower Income Verification	Borrower Employment Verification
16666.66	3837.83	-2533.70	0.00	20504.49	17970.79	1	5		3
32232.00	0.00	0.00	0.00	32232.00	32232.00	1	5		3
17624.53	6025.00	0.00	0.00	23649.53	23649.53	1	5		3
15215.45		0.00		15215.45	15215.45	1	5		3
6039.33	5065.74	3422.86	0.00	11105.07	14527.93	1	5		3
39131.34	0.00	0.00	0.00	39131.34	39131.34	1	5		3
23731.46	15577.10	-8923.72	0.00	39308.56	30384.84	1	5		3
10850.00	9166.65	0.00	0.00	20016.65	20016.65	1	5		3
7130.50		439.42		7130.50	7569.92	1	5		3
22083.34		5860.05		22083.34	27943.39	1	5		3
21000.00		0.00		21000.00	21000.00	1	5		3
16111.42	0.00	0.00	0.00	16111.42	16111.42	1	4		3
104633.75	0.00	0.00	0.00	104633.75	104633.75	1	4		3
19048.30	0.00	0.00	0.00	19048.30	19048.30	1	5		3
15548.41	0.00	0.00	0.00	15548.41	15548.41	1	5		3
8782.25	4145.29	1199.75	0.00	12927.54	14127.29	1	5		3
10462.20	6856.88	1251.50	0.00	17319.08	18570.58	1	5		3
72910.92	0.00	0.00	0.00	72910.92	72910.92	1	5		3
34783.12		0.00		34783.12	34783.12	1	5		3
188439.22	0.00	0.00	0.00	188439.22	188439.22	1	5		3
13665.51		0.00		13665.51	13665.51	1	5		3
0.00	0.00	22712.09	0.00	0.00	22712.09	1	5		3
23938.09	0.00	0.00	0.00	23938.09	23938.09	1	5		3
25327.69		0.00		25327.69	25327.69	1	4		3
30083.96		0.00		30083.96	30083.96	1	5		3
17289.24	0.00	0.00	0.00	17289.24	17289.24	1	5		3
11647.70	0.00	5185.49	0.00	11647.70	16833.19	1	5		3
6534.42	14087.66	0.00	0.00	20622.08	20622.08	1	5		3
7301.19	5620.57	0.00	0.00	12921.76	12921.76	1	5		3
17916.66	7606.19	0.00	0.00	25522.85	25522.85	1	5		3
13650.00		59416.67		13650.00	73066.67	1	5		3
15617.42		13322.08		15617.42	28939.50	1	5		3

Co-Borrower Employment Verification	Borrower Asset Verification	Co-Borrower Asset Verification	Liquid / Cash Reserves	Monthly Debt All Borrowers	Originator DTI	Fully Indexed Rate	Qualification Method	Percentage of Down Payment from Borrower Own Funds	City
	4		91037.67	7396.06	0.4116				Oakland
	4		137514.63	12080.55	0.3748				ORLANDO
	4		269426.10	8809.45	0.3725				PETALUMA
	4		252258.69	5903.59	0.3880				CLARENDON HILLS
	4		167749.59	4894.10	0.3369				Bay Village
	4		128359.72	8565.19	0.2189				GREENWOOD VILLAGE
	4		223546.44	12473.49	0.4105				HOUSTON
	4		96155.80	6407.33	0.3201			100	EDISON
	4		773212.07	3699.42	0.4887				Philadelphia
	4		2182906.07	10749.82	0.3847			100	DENVER
	4		78699.56	4386.90	0.2089			000	XXXX XXXXX XXXXXXX
	4		42328.69	3270.62	0.2030				CAREFREE
	4		1165895.63	19681.61	0.1881			100	CALISTOGA
	4		78820.53	4299.20	0.2257				ATLANTA
	4		61900.08	5765.35	0.3708			100	EL PASO
	4		82369.12	6213.18	0.4398				REDONDO BEACH
	4		277950.70	4746.64	0.2556				ATLANTA
	4		175325.40	14812.36	0.2032				Coloma
	4		453911.03	11151.47	0.3206			100	LAUDERDALE BY THE SEA
	4		2664376.70	21840.11	0.1159			000	XXXXXXXX XXX
	4		89821.66	4259.54	0.3117				STONEHAM
	4		143347.70	7690.31	0.3386			000	XXXXXXX
	4		481966.97	9936.70	0.4151			100	LOS GATOS
	4		203072.06	7143.67	0.2821				SAN DIEGO
	4		420575.89	9126.27	0.3034				Agoura Hills
	4		116779.16	5138.07	0.2972			100	ATLANTA
	4		71885.12	7326.70	0.4353			000	XXX XXXX
	4		400340.47	5899.48	0.2861			100	Littleton
	4		21791.71	5272.21	0.4080				Franklin
	4		140625.98	6607.87	0.2589				JACKSONS GAP
	4		100853.43	7379.73	0.1010				WEST BLOOMFIELD
	4		431040.57	9231.99	0.3190			000	Xxxxxx

Xxxxx	Postal Code	Property Type	Occupancy	Sales Price	Original Appraised Property Value	Original Property Valuation Type	Original Property Valuation Date	Original Automated Valuation Model (AVM) Model Name	Original AVM Confidence Xxxxx
XX	00000	1	1		1000000.00	3	20120106
FL	32836	1	1		1095000.00	3	20120420
CA	94952	1	1		1000000.00	3	20120428
IL	60514	1	1		1000000.00	3	20120525
OH	44140	1	1		1114000.00	3	20120605
CO	80111	1	1		1531000.00	3	20120225
TX	77024	7	1		1150000.00	3	20120313
NJ	08820	1	1	860000.00	865000.00	3	20120316
PA	19138	1	1		750000.00	98	20120418
CO	80209	1	1	977000.00	977000.00	3	20120330
FL	33418	7	1	710000.00	710000.00	3	20120404
AZ	85377	1	1		1000000.00	3	20120418
CA	94515	1	2	1395000.00	1425000.00	3	20120418
GA	30306	1	1		745000.00	3	20120421
TX	79922	1	1	800000.00	800000.00	3	20120416
CA	90277	3	1		1035000.00	3	20120524
GA	30306	1	1		810000.00	98	20120424
MI	49038	1	2		1062500.00	3	20120628
FL	33308	3	1	1000000.00	1070000.00	3	20120504
AZ	85253	1	2	1357000.00	1360000.00	3	20120507
MA	02180	1	1		617000.00	3	20120511
XX	00000	1	1	865000.00	853000.00	3	20120504
CA	95030	1	1	1900000.00	1790000.00	3	20120506
CA	92106	1	1		1800000.00	3	20120608
CA	91301	7	1		1150000.00	3	20120607
GA	30319	7	1	760000.00	770000.00	3	20120526
IL	60302	1	1	870000.00	882000.00	3	20120613
CO	80123	1	1	803000.00	805000.00	3	20120629
TN	37067	7	1		760000.00	3	20120419
AL	36861	1	1		739000.00	3	20120517
MI	48323	1	1		1700000.00	3	20120509
AZ	85383	7	1	646800.00	700000.00	3	20120625

Most Recent Property Value2	Most Recent Property Valuation Type	Most Recent Property Valuation Date	Most Recent AVM Model Name	Most Recent AVM Confidence Score	Original CLTV	Original LTV	Original Pledged Assets	Mortgage Insurance Company Name	Mortgage Insurance Percent
					0.8000	0.8000	0	0	0
					0.7000	0.7000	0	0	0
					0.7730	0.7730	0	0	0
					0.5065	0.5065	0	0	0
					0.4405	0.4405	0	0	0
					0.5486	0.5486	0	0	0
					0.6321	0.6321	0	0	0
					0.8000	0.8000	0	0	0
					0.7066	0.7066	0	0	0
					0.8000	0.8000	0	0	0
					0.7500	0.7500	0	0	0
					0.5940	0.5940	0	0	0
					0.6415	0.6415	0	0	0
					0.7731	0.6724	0	0	0
					0.8000	0.8000	0	0	0
					0.7120	0.7120	0	0	0
					0.8000	0.8000	0	0	0
					0.7499	0.7499	0	0	0
					0.7000	0.7000	0	0	0
					0.7000	0.7000	0	0	0
					0.8000	0.8000	0	0	0
					0.7000	0.7000	0	0	0
					0.7413	0.7413	0	0	0
					0.5138	0.5138	0	0	0
					0.8000	0.8000	0	0	0
					0.8000	0.8000	0	0	0
					0.8000	0.8000	0	0	0
					0.8000	0.8000	0	0	0
					0.7552	0.7552	0	0	0
					0.7286	0.7286	0	0	0
					0.5535	0.5535	0	0	0
					0.8000	0.8000	0	0	0

MI: Lender or
Borrower Paid?

Pool Insurance
Co.
Name

Pool Insurance
Stop
Loss %

MI Certificate
Number

Updated DTI
(Front-end)

Updated DTI
(Back-end)

Modification
Effective Payment
Date

Total Capitalized
Amount

Total Deferred
Amount

Pre-Modification
Interest (Note)
Rate

Pre-Modification P&I Payment	Pre-Modification Initial Interest Rate Change Downward Cap	Pre-Modification Subsequent Interest Rate Cap	Pre-Modification Next Interest Rate Change Date	Pre-Modification I/O Term	Forgiven Principal Amount	Forgiven Interest Amount	Number of Modifications	Cash To/From Brrw at Closing	Brrw - Yrs at in Industry
									4
									25
									22
									21
									44
									3
									22
									14
									35
									10
									20
									25
									34
									15
									6
									30
									19
									21.5
									20
									11
									14
									7
									10
									29
									19
									23
									18
									21.25
									20
									20
									29
									20

CoBrrw - Yrs at in Industry	Junior Mortgage Drawn Amount	Maturity Date	Primary Borrower Wage Income (Salary)	Primary Borrower Wage Income (Bonus)	Primary Borrower Wage Income (Commission)	Co-Borrower Wage Income (Salary)	Co-Borrower Wage Income (Bonus)	Co-Borrower Wage Income (Commission)	Originator Doc Code	RWT Income Verification	RWT Asset Verification
6	0.00	20420301	16666.66	0.00	0.00	3837.83	0.00	0.00	Full	Two Years	Two Months
0	0.00	20420701	32232.00	0.00	0.00	0.00	0.00	0.00	Full	Two Years	Two Months
17	0.00	20420601	17624.53	0.00	0.00	6025.00	0.00	0.00	Full	Two Years	Two Months
	0.00	20420701	15215.45	0.00	0.00				Full	Two Years	Two Months
44	0.00	20420801	6039.33	0.00	0.00	5065.74	0.00	0.00	Full	Two Years	Two Months
5	0.00	20270401	39131.34	0.00	0.00	0.00	0.00	0.00	Full	Two Years	Two Months
9	0.00	20270501	23731.46	0.00	0.00	15577.10	0.00	0.00	Full	Two Years	Two Months
10	0.00	20420601	10850.00	0.00	0.00	9166.65	0.00	0.00	Full	Two Years	Two Months
	0.00	20420601	7130.50	0.00	0.00				Full	Two Years	Two Months
	0.00	20420701	22083.34	0.00	0.00				Full	Two Years	Two Months
	0.00	20420601	21000.00	0.00	0.00				Full	Two Years	Two Months
0	0.00	20420601	16111.42	0.00	0.00	0.00	0.00	0.00	Full	Two Years	Two Months
0	0.00	20420601	104633.75	0.00	0.00	0.00	0.00	0.00	Full	Two Years	Two Months
0	74796.00	20420601	19048.30	0.00	0.00	0.00	0.00	0.00	Full	Two Years	Two Months
5	0.00	20420701	15548.41	0.00	0.00	0.00	0.00	0.00	Full	Two Years	Two Months
3	0.00	20420701	8782.25	0.00	0.00	4145.29	0.00	0.00	Full	Two Years	Two Months
16	0.00	20420601	10462.20	0.00	0.00	6856.88	0.00	0.00	Full	Two Years	Two Months
2	0.00	20420801	72910.92	0.00	0.00	0.00	0.00	0.00	Full	Two Years	Two Months
	0.00	20420601	34783.12	0.00	0.00				Full	Two Years	Two Months
5	0.00	20420601	188439.22	0.00	0.00	0.00	0.00	0.00	Full	Two Years	Two Months
	0.00	20420701	13665.51	0.00	0.00				Full	Two Years	Two Months
0	0.00	20420701	0.00	0.00	22712.09	0.00	0.00	0.00	Full	Two Years	Two Months
0	0.00	20420601	23938.09	0.00	0.00	0.00	0.00	0.00	Full	Two Years	Two Months
	0.00	20420701	25327.69	0.00	0.00	0.00	0.00	0.00	Full	Two Years	Two Months
	0.00	20420701	30083.96	0.00	0.00	0.00	0.00	0.00	Full	Two Years	Two Months
19	0.00	20420801	17289.24	0.00	0.00	0.00	0.00	0.00	Full	Two Years	Two Months
	0.00	20420801	11647.70	5185.49	0.00	0.00	0.00	0.00	Full	Two Years	Two Months
16	0.00	20420801	6534.42	0.00	0.00	14087.66	0.00	0.00	Full	Two Years	Two Months
2	0.00	20420701	7301.19	0.00	0.00	5620.57	0.00	0.00	Full	Two Years	Two Months
20	0.00	20420701	17916.66	0.00	0.00	7606.19	0.00	0.00	Full	Two Years	Two Months
	0.00	20420701	13650.00	59416.67	0.00				Full	Two Years	Two Months
	0.00	20420801	15617.42	13322.08	0.00				Full	Two Years	Two Months

MERSID		Organization
1000383		RRAC/Cenlar
1000324		Shore Financial Services, Inc.

ASF RMBS DISCLOSURE PACKAGE

The American Securitization Forum is a broad-based professional forum through which participants in the U.S. securitization market advocate their common interests on important legal, regulatory and market practice issues. ASF members include over 380 firms, including issuers, investors, servicers, financial intermediaries, rating agencies, financial guarantors, legal and accounting firms, and other professional organizations involved in securitization transactions. The ASF also provides information, education and training on a range of securitization market issues and topics through industry conferences, seminars and similar initiatives. For more information about ASF, its members and activities, please go to xxx.xxxxxxxxxxxxxxxxxxxxxx.xxx.

Field Number

Field Name

Field Description

Type of Field

Data Type

Sample Data

Format

When Applicable?

Valid Values

Proposed Unique Coding

Notes

Primary Servicer

The MERS Organization ID of the company that has or will have the right to service the loan.

General Information

Numeric – Integer

2351805

9(7)

Always

”9999999” if Unknown

Servicing Fee—Percentage

Aggregate monthly fee paid to all servicers, stated in decimal form.

General Information

Numeric - Decimal

0.0025

9.999999

Loans without flat-dollar servicing fees

>= 0 and < 1

Must be populated if Field 3 is Null

Servicing Fee—Flat-dollar

Aggregate monthly fee paid to all servicers, stated as a dollar amount.

General Information

Numeric – Decimal

7.5

9(3).99

Loans with flat-dollar servicing fees

>= 0 and
<= 999

Must be populated if 2 is Null

Servicing Advance Methodology

The manner in which principal and/or interest are to be advanced by the servicer.

General Information

Numeric – Integer

Always

See Coding

1 = Scheduled Interest, Scheduled Principal

2 = Actual Interest, Actual Principal

3 = Scheduled Interest, Actual Principal 99 = Unknown

Originator

The MERS Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property as collateral.

General Information

Numeric – Integer

5938671

9(7)

Always

”9999999” if Unknown

Loan Group

Indicates the collateral group number in which the loan falls (for structures with multiple collateral groups). Use “1” if there is only one loan group.

General Information

Text

XXXX

Always

“UNK” if Unknown

Loan Number

Unique National Mortgage Loan ID Number (Vendor TBD).

General Information

Numeric – Integer

XXX

Always

TBD

Details to be provided by Vendor

Amortization Type

Indicates whether the loan’s interest rate is fixed or adjustable (Hybrid ARMs are adjustable).

Loan Type

Numeric – Integer

Always

See Coding

1 = Fixed

2 = Adjustable

99 = Unknown

Lien Position

A number indicating the loan’s lien position (1 = first lien, etc.).

Loan Type

Numeric – Integer

Always

99 = Unknown

HELOC Indicator

Indicates whether the loan is a home equity line of credit.

Loan Type

Numeric – Integer

Always

See Coding

0 = No

1 = Yes

99 = Unknown

Loan Purpose

Indicates the purpose of the loan.

Loan Type

Numeric – Integer

Always

See Coding

See Appendix A

Cash Out Amount

Cash Out Amount: [New Loan] – [PIF Prior First Lien] – [Payoff of all Seasoned Seconds] – [Closing Costs] – [Prepays]

For delayed purchases (refinances on homes purchased < 12 months prior to the mortgage application) with cash) Cash Out Amount = 0.

Loan Type

Numeric – Decimal

72476.5

9(10).99

Always

>= 0

Total Origination and Discount Points (in dollars)

Amount paid to the lender to increase the lender’s effective yield and, in the case of discount points, to reduce the interest rate paid by the borrower.

Loan Type

Numeric – Decimal

5250

9(10).99

Always

>= 0

Typically Lines 801 and 802 of HUD Settlement Statement

Covered/High Cost Loan Indicator

Indicates whether the loan is categorized as “high cost” or “covered” according to state or federal statutes or regulations.

Loan Type

Numeric – Integer

Always

See Coding

0 = No

1 = Yes

99 = Unknown

Relocation Loan Indicator

Indicates whether the loan is part of a corporate relocation program.

Loan Type

Numeric – Integer

Always

See Coding

0 = No

1 = Yes

99 = Unknown

Broker Indicator

Indicates whether a broker took the application.

Loan Type

Numeric – Integer

Always

See Coding

0 = No

1 = Yes

99 = Unknown

Channel

Code indicating the source (channel) from which the Issuer obtained the mortgage loan.

Loan Type

Numeric – Integer

Always

See Coding

1 = Retail

2 = Broker

3 = Correspondent Bulk

4 = Correspondent Flow with delegated underwriting

5 = Correspondent Flow without delegated underwriting

99 = Unknown

Escrow Indicator

Indicates whether various homeownership expenses are paid by the borrower directly or through an escrow account (as of securitization cut-off date).

Loan Type

Numeric – Integer

Always

See Coding

0 = No Escrows

1 = Taxes

2 = Insurance

3 = XXX xxxx

4 = Taxes and Insurance

5 = All

99 =Unknown

Senior Loan Amount(s)

For non-first mortgages, the sum of the balances of all associated senior mortgages at the time of origination of the subordinate lien.

Mortgage Lien Info

Numeric – Decimal

611004.25

9(10).99

If Lien Position > 1

>= 0

Loan Type of Most Senior Lien

For non-first mortgages, indicates whether the associated first mortgage is a Fixed, ARM, Hybrid, or negative amortization loan.

Mortgage Lien Info

Numeric – Integer

If Lien Position > 1

See Coding

1 = Fixed Rate

2 = ARM

3 = Hybrid

4 = Neg Am

99 = Unknown

Hybrid Period of Most Senior Lien (in months)

For non-first mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed interest rate period for the hybrid first mortgage.

Mortgage Lien Info

Numeric – Integer

999

If Lien Position > 1

AND the most senior lien is a hybrid ARM (see Field 20)

>= 0

Neg Am Limit of Most Senior Lien

For non-first mortgages where the associated first mortgage features negative amortization, the maximum percentage by which the negatively amortizing balance may increase (expressed as a proportion of the senior lien’s original balance).

Mortgage Lien Info

Numeric – Decimal

1.25

9.999999

If Lien Position > 1

AND the senior lien is Neg Am (see Field 20)

>= 1 and <= 2

Junior Mortgage Balance

For first mortgages with subordinate liens at the time of origination, the combined balance of the subordinate liens (if known).

Mortgage Lien Info

Numeric – Decimal

51775.12

9(10).99

If Lien Position = 1 and there is a 2^nd lien on the subject property

>= 0

Subject to Regulatory Confirmation

Origination Date of Most Senior Lien

For non-first mortgages, the origination date of the associated first mortgage.

Mortgage Lien Info

Date

20090914

YYYYMMDD

If Lien Position > 1 and there is a 2^nd lien on the subject property

“19010101” if unknown

Origination Date

The date of the Mortgage Note and Mortgage/Deed of Trust

Loan Term and Amortization Type

Date

20090914

YYYYMMDD

Always

“19010101” if unknown

Field Number

Field Name

Field Description

Type of Field

Data Type

Sample Data

Format

When Applicable?

Valid Values

Proposed Unique Coding

Notes

Original Loan Amount

The dollar amount of the mortgage loan, as specified on the mortgage note at the time of the loan’s origination. For HELOCs, the maximum available line of credit.

Loan Term and Amortization Type

Numeric – Decimal

150000

9(10).99

Always

Original Interest Rate

The original note rate as indicated on the mortgage note.

Loan Term and Amortization Type

Numeric – Decimal

0.0475

9.999999

Always

> 0 and <= 1

Original Amortization Term

The number of months in which the loan would be retired if the amortizing principal and interest payment were to be paid each month.

Loan Term and Amortization Type

Numeric – Integer

360

999

Always

>= 60

Original Term to Maturity

The initial number of months between loan origination and the loan maturity date, as specified on the mortgage note.

Loan Term and Amortization Type

Numeric – Integer

999

Always

N/A

First Payment Date of Loan

The date of the first scheduled mortgage payment to be made by the borrower as specified on the mortgage note.

Loan Term and Amortization Type

Date

20090914

YYYYMMDD

Always

“19010101” if unknown

N/A

Interest Type Indicator

Indicates whether the interest rate calculation method is simple or actuarial.

Loan Term and Amortization Type

Numeric – Integer

Always

See Coding

1= Simple

2 = Actuarial

99 = Unknown

Original Interest Only Term

Original interest-only term for a loan in months (including NegAm Loans).

Loan Term and Amortization Type

Numeric – Integer

999

Always

>= 0 and <= 240

Unknown = Blank;

No Interest Only Term = 0

Buy Down Period

The total number of months during which any buy down is in effect, representing the accumulation of all buy down periods.

Loan Term and Amortization Type

Numeric – Integer

999

Always

>= 0 and <= 100

Unknown = Blank;

No Buy Down = 0

HELOC Draw Period

The original number of months during which the borrower may draw funds against the HELOC account.

Loan Term and Amortization Type

Numeric – Integer

999

HELOCs Only

>= 12 and <= 120

Scheduled Loan Amount

Mortgage loan scheduled principal balance as of cut-off date. For HELOCs, the current drawn amount.

Loan Term and Amortization Type

Numeric – Decimal

248951.19

9(10).99

Always

>= 0

Current Interest Rate

The interest rate used to calculate the current P&I or I/O payment.

Loan Term and Amortization Type

Numeric – Decimal

0.05875

9.999999

Always

> 0 and <= 1

Current Payment Amount Due

Next Total Payment due to be collected (including principal, interest or both—but Exclude Escrow Amounts).

Loan Term and Amortization Type

Numeric – Decimal

1250.15

9(10).99

Always

> 0

Scheduled Interest Paid
Through Date

Loan Term and Amortization Type

Date

20090429

YYYYMMDD

Always

“19010101” if unknown

Current Payment Status

Number of payments the borrower is past due as of the securitization cut-off date.

Loan Term and Amortization Type

Numeric – Integer

Always

>= 0

Index Type

Specifies the type of index to be used to determine the interest rate at each adjustment.

Adjustable Rate Mortgages (ARMs)

Numeric – Integer

ARMs Only

See Coding

See Appendix B

ARM Look-back Days

The number of days prior to the interest rate adjustment date to retrieve the index value.

Adjustable Rate Mortgages (ARMs)

Numeric – Integer

ARMs Only

>= 0 to <=99

Gross Margin

The percentage stated on the mortgage note representing the spread between the ARM Index value and the mortgage interest rate. The gross mortgage margin is added to the index value to establish a new gross interest rate in the manner prescribed on the mortgage note.

Adjustable Rate Mortgages (ARMs)

Numeric – Decimal

0.03

9.999999

ARMs Only

>0 and <= 1

ARM Round Flag

An indicator of whether an adjusted interest rate is rounded to the next higher ARM round factor, to the next lower round factor, or to the nearest round factor.

Adjustable Rate Mortgages (ARMs)

Numeric – Integer

ARMs Only

See Coding

0 = No Rounding

1 = Up

2 = Down

3 = Nearest

99=Unknown

ARM Round Factor

The percentage to which an adjusted interest rate is to be rounded.

Adjustable Rate Mortgages (ARMs)

Numeric – Decimal

0.0025 or 0.00125

9.999999

ARMs Only

Where ARM Round Flag = 1, 2, or 3

>= 0 and < 1

Initial Fixed Rate Period

For hybrid ARMs, the period between the first payment date of the mortgage and the first interest rate adjustment date.

Adjustable Rate Mortgages (ARMs)

Numeric – Integer

999

Hybrid ARMs Only

>= 1 to <=240

Initial Interest Rate Cap (Change Up)

The maximum percentage by which the mortgage note rate may increase at the first interest rate adjustment date.

Adjustable Rate Mortgages (ARMs)

Numeric – Decimal

0.02

9.999999

ARMs Only

>= 0 and <= 1

99=no cap

Initial Interest Rate Cap (Change Down)

The maximum percentage by which the mortgage note rate may decrease at the first interest rate adjustment date.

Adjustable Rate Mortgages (ARMs)

Numeric – Decimal

0.02

9.999999

ARMs Only

>= 0 and <= 1

99=no cap

Subsequent Interest Rate Reset Period

The number of months between subsequent rate adjustments.

Adjustable Rate Mortgages (ARMs)

Numeric – Integer

999

ARMs Only

>=0 and <= 120

0 = Loan does not adjust after initial reset

Subsequent Interest Rate (Change Down)

The maximum percentage by which the interest rate may decrease at each rate adjustment date after the initial adjustment.

Adjustable Rate Mortgages (ARMs)

Numeric – Decimal

0.02

9.999999

ARMs Only

>= 0 and <= 1

99=no cap

Subsequent Interest Rate Cap (Change Up)

The maximum percentage by which the interest rate may increase at each rate adjustment date after the initial adjustment.

Adjustable Rate Mortgages (ARMs)

Numeric – Decimal

0.02

9.999999

ARMs Only

>= 0 and <= 1

99=no cap

Lifetime Maximum Rate (Ceiling)

The maximum interest rate that can be in effect during the life of the loan.

Adjustable Rate Mortgages (ARMs)

Numeric – Decimal

0.125

9.999999

ARMs Only

>= 0 and <= 1

=1 if no ceiling specified

Lifetime Minimum Rate (Floor)

The minimum interest rate that can be in effect during the life of the loan.

Adjustable Rate Mortgages (ARMs)

Numeric – Decimal

0.015

9.999999

ARMs Only

>= 0 and <= 1

If no floor is specified enter the greater of the margin or 0.

Negative Amortization Limit

The maximum amount of negative amortization allowed before recast is required. (Expressed as a percentage of the original unpaid principal balance.)

Negative Amortization

Numeric – Decimal

1.25

9.999999

Negatively Amortizing ARMs Only

>=0, and <2

Initial Negative Amortization Recast Period

The number of months in which the payment is required to recast if the loan does not reach the prescribed maximum balance earlier.

Negative Amortization

Numeric – Integer

999

Negatively Amortizing ARMs Only

>=0

Subsequent Negative Amortization Recast Period

The number of months after which the payment is required to recast AFTER the first recast period.

Negative Amortization

Numeric – Integer

999

Negatively Amortizing ARMs Only

>=0

Initial Fixed Payment Period

Number of months after origination during which the payment is fixed.

Negative Amortization

Numeric – Integer

999

Negatively Amortizing Hybrid ARMs Only

>= 0 to <=120

Subsequent Payment Reset Period

Number of months between payment adjustments after first payment reset.

Negative Amortization

Numeric – Integer

999

Negatively Amortizing ARMs Only

>= 0 to <=120

Initial Periodic Payment Cap

The maximum percentage by which a payment can change (increase or decrease) in the first period.

Negative Amortization

Numeric – Decimal

0.075

9.999999

Negatively Amortizing ARMs Only

>= 0 and < 1

Subsequent Periodic Payment Cap

The maximum percentage by which a payment can change (increase or decrease) in one period after the initial cap.

Negative Amortization

Numeric – Decimal

0.075

9.999999

Negatively Amortizing ARMs Only

>= 0 and < 1

Initial Minimum Payment Reset Period

The maximum number of months a borrower can initially pay the minimum payment before a new minimum payment is determined.

Negative Amortization

Numeric – Integer

999

Negatively Amortizing ARMs Only

>= 0 to <=120

Subsequent Minimum Payment Reset Period

The maximum number of months (after the initial period) a borrower can pay the minimum payment before a new minimum payment is determined after the initial period.

Negative Amortization

Numeric – Integer

999

Negatively Amortizing ARMs Only

>= 0 to <=120

Option ARM Indicator

An indicator of whether the loan is an Option ARM.

Negative Amortization

Numeric – Integer

ARMs Only

See Coding

0 = No

1 = Yes

99 = Unknown

Options at Recast

The means of computing the lowest monthly payment available to the borrower after recast.

Option ARM

Numeric – Integer

Option ARMs Only

N/A

1= Fully amortizing 30 year

2= Fully amortizing 15 year

3=Fully amortizing 40 year

4 = Interest-Only

5 = Minimum Payment

99= Unknown

Initial Minimum Payment

The initial minimum payment the borrower is permitted to make.

Option ARM

Numeric – Decimal

879.52

Option ARMs Only

>=0

Current Minimum Payment

Current Minimum Payment (in dollars).

Negative Amortization

Numeric – Decimal

250

9(10).99

Option ARMs Only

>= 0

Field Number

Field Name

Field Description

Type of Field

Data Type

Sample Data

Format

When Applicable?

Valid Values

Proposed Unique Coding

Notes

Prepayment Penalty Calculation

A description of how the prepayment penalty would be calculated during each phase of the prepayment penalty term.

Prepayment Penalties

Numeric – Integer

Always

See Coding

See Appendix C

Prepayment Penalty Type

• Hard: The prepayment penalty is incurred regardless of the reason the loan is prepaid in full.
• Hybrid: The prepayment penalty can be characterized as hard for a certain amount of time and as soft during another period.

Prepayment Penalties

Numeric – Integer

All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”)

See Coding

1 = Hard

2 = Soft

3 = Hybrid

99 = Unknown

Prepayment Penalty Total Term

The total number of months that the prepayment penalty may be in effect.

Prepayment Penalties

Numeric – Integer

999

All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”)

>0 to <=120

Prepayment Penalty Hard Term

For hybrid prepayment penalties, the number of months during which a “hard” prepayment penalty applies.

Prepayment Penalties

Numeric – Integer

999

Loans with Hybrid Prepayment Penalties (i.e., loans for which Field 67 = “3”)

>= 0 to <=120

Primary Borrower ID

A lender-generated ID number for the primary borrower on the mortgage

Borrower

Numeric—Integer

123456789

999999999

Always

Used to identify the number of times a single borrower appears in a given deal.

Number of Mortgaged Properties

The number of residential properties owned by the borrower that currently secure mortgage loans.

Borrower

Numeric – Integer

Always

> 0

Total Number of Borrowers

The number of Borrowers who are obligated to repay the mortgage note.

Borrower

Numeric – Integers

Always

> 0

Self-employment Flag

An indicator of whether the primary borrower is self-employed.

Borrower

Numeric – Integer

Always

See Coding

0 = No

1 = Yes

99 = Unknown

Current ‘Other’ Monthly Payment

The aggregate of all payments pertaining to the subject property other than principal and interest (includes common charges, condo fees, T&I, HOA, etc.), whether escrowed or not.

Loan Term and Amortization Type

Numeric – Decimal

1789.25

9(10).99

Always

> 0

Length of Employment: Borrower

The number of years of service with the borrower’s current employer as of the date of the loan.

Borrower Qualification

Numeric – Decimal

3.5

99.99

Always

>=0

99 = Retired, None employment income soure (social security, trust income, dividends, etc.)

Length of Employment: Co-Borrower

The number of years of service with the co-borrower’s current employer as of the date of the loan.

Borrower Qualification

Numeric – Decimal

3.5

99.99

If “Total Number of Borrowers” > 1

>= 0

99 = Retired, None employment income soure (social security, trust income, dividends, etc.)

Years in Home

Length of time that the borrower has been at current address.

Borrower Qualification

Numeric – Decimal

14.5

99.99

Refinances of Primary Residences Only (Loan Purpose = 1, 2, 3, 4, 8 or 9)

> 0

FICO Model Used

Indicates whether the FICO score was calculated using the Classic, Classic 08, or Next Generation model.

Borrower Qualification

Numeric – Integer

If a FICO score was obtained

See Coding

1 = Classic

2 = Classic 08

3 = Next Generation

99 = Unknown

Most Recent FICO Date

Specifies the date on which the most recent FICO score was obtained

Borrower Qualification

Date

20090914

YYYYMMDD

If a FICO score was obtained

“19010101” if unknown

Issuers unable to Provide may Rep and Warrant that the FICO score used for underwriting was not more than 4 months old at the date of issuance.

Primary Wage Earner Original FICO: Equifax

Equifax FICO score for primary borrower (if applicable).

Borrower Qualification

Numeric – Integer

720

9999

If a FICO score was obtained

>= 350 and <= 850

Primary Wage Earner Original FICO: Experian

Experian FICO score for primary borrower (if applicable).

Borrower Qualification

Numeric – Integer

720

9999

If a FICO score was obtained

>= 350 and <= 850

Primary Wage Earner Original FICO: TransUnion

TransUnion FICO score for primary borrower (if applicable).

Borrower Qualification

Numeric – Integer

720

9999

If a FICO score was obtained

>= 350 and <= 850

Secondary Wage Earner Original FICO: Equifax

Equifax FICO score for Co-borrower (if applicable).

Borrower Qualification

Numeric – Integer

720

9999

If “Total Number of Borrowers” > 1

>= 350 and <= 850

Secondary Wage Earner Original FICO: Experian

Experian FICO score for Co-borrower (if applicable).

Borrower Qualification

Numeric – Integer

720

9999

If “Total Number of Borrowers” > 1

>= 350 and <= 850

Secondary Wage Earner Original FICO: TransUnion

TransUnion FICO score for Co-borrower (if applicable).

Borrower Qualification

Numeric – Integer

720

9999

If “Total Number of Borrowers” > 1

>= 350 and <= 850

Most Recent Primary Borrower FICO

Most Recent Primary Borrower FICO score used by the lender to approve the loan.

Borrower Qualification

Numeric – Integer

720

9999

If a FICO score was obtained

>= 350 and <= 850

Most Recent Co-Borrower FICO

Most Recent Co-Borrower FICO score used by the lender to approve the loan.

Borrower Qualification

Numeric – Integer

720

9999

If “Total Number of Borrowers” > 1

>= 350 and <= 850

Most Recent FICO Method

Number of credit repositories used to update the FICO Score.

Borrower Qualification

Numeric – Integer

If a FICO score was obtained

VantageScore: Primary Borrower

Credit Score for the Primary Borrower used to approve the loan and obtained using the Vantage credit evaluation model.

Borrower Qualification

Numeric – Integer

720

9999

If a Vantage Credit Score was obtained

>= 501 and <= 990

VantageScore: Co-Borrower

Credit Score for the Co-borrower used to approve the loan and obtained using the Vantage credit evaluation model.

Borrower Qualification

Numeric – Integer

720

9999

If a VantageScore was obtained AND “Total Number of Borrowers” > 1

>= 501 and <= 990

Most Recent VantageScore Method

Number of credit repositories used to update the Vantage Score.

Borrower Qualification

Numeric – Integer

If a Vantage Credit Score was obtained

VantageScore Date

Date Vantage Credit Score was obtained.

Borrower Qualification

Date

20090914

YYYYMMDD

If a Vantage Credit Score was obtained

“19010101” if unknown

Credit Report: Longest Trade Line

The length of time in months that the oldest active trade line, installment or revolving, has been outstanding. For a loan with more than one borrower, populate field based on status for the primary borrower.

Borrower Qualification

Numeric – Integer

999

Always

> =0

Subject to Regulatory Confirmation

Credit Report: Maximum Trade Line

The dollar amount for the trade line, installment or revolving, with the largest unpaid balance. For revolving lines of credit, e.g. credit card, the dollar amount reported should reflect the maximum amount of credit available under the credit line whether used or not. For a loan with more than one borrower, populate field based on status for the primary borrower.

Borrower Qualification

Numeric – Decimal

339420.19

9(10).99

Always

>=0

Subject to Regulatory Confirmation

Credit Report: Number of Trade Lines

A count of non-derogatory, currently open and active, consumer trade lines (installment or revolving) for the borrower. For a loan with more than one borrower, populate field based on status for the primary borrower.

Borrower Qualification

Numeric – Integer

999

Always

>=0

Subject to Regulatory Confirmation

Credit Line Usage Ratio

Sum of credit balances divided by sum of total open credit available.

Borrower Qualification

Numeric – Decimal

0.27

9.999999

Always

>= 0 and <= 1

Subject to Regulatory Confirmation

Most Recent 12-month Pay History

String indicating the payment status per month listed from oldest to most recent.

Borrower Qualification

Text

77X123200001

X(12)

Always

See Coding

0 = Current

1 = 30-59 days delinquent

2 = 60-89 days delinquent

3 = 90-119 days delinquent

4 = 120+ days delinquent

5 = Foreclosure

6 = REO

7 = Loan did not exist in period

X = Unavailable

Months Bankruptcy

Number of months since any borrower was discharged from bankruptcy. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program—have passed since most recent discharge from bankruptcy.)

Borrower Qualification

Numeric – Integer

999

If Borrower has ever been in Bankruptcy

>= 0

Blank = Borrower is not known to have been in bankruptcy

Months Foreclosure

Number of months since foreclosure sale date. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program— have passed since most recent foreclosure.)

Borrower Qualification

Numeric – Integer

999

If Borrower has ever been in Foreclosure

>= 0

Blank = Borrower is not known to have been in foreclosure

100

Primary Borrower Wage Income

Monthly base wage income for primary borrower.

Borrower Qualification

Numeric – Decimal

9000

9(9).99

Always

>= 0

000

Xx-Xxxxxxxx Xxxx Income

Monthly base wage income for all other borrowers.

Borrower Qualification

Numeric – Decimal

9000

9(9).99

If “Total Number of Borrowers” > 1

>= 0

102

Primary Borrower Other Income

Monthly Other (non-wage) income for primary borrower. (This figure should include net rental income and be reduced by any net rental loss.)

Borrower Qualification

Numeric – Decimal

9000

9(9).99

Always

>= 0

103

Co-Borrower Other Income

Monthly Other (non-wage) income for all other borrowers. (This figure should include net rental income and be reduced by any net rental loss.)

Borrower Qualification

Numeric – Decimal

9000

9(9).99

If “Total Number of Borrowers” > 1

>= 0

104

All Borrower Wage Income

Monthly income of all borrowers derived from base salary only.

Borrower Qualification

Numeric – Decimal

9000

9(9).99

Always

>= 0

105

All Borrower Total Income

Monthly income of all borrowers derived from base salary, commission, tips and gratuities, overtime and bonuses, part-time or second-job earnings, alimony, child support, interest and dividend income, notes receivable, trust income, net rental income, retirement income, social security, veterans income, military income, xxxxxx care income, and self-employed income.

Borrower Qualification

Numeric – Decimal

9000

9(9).99

Always

>= 0

106

4506-T Indicator

A yes/no indicator of whether a Transcript of Tax Return (received pursuant to the filing of IRS Form 4506-T) was obtained and considered.

Borrower Qualification

Numeric – Integer

Always

See Coding

0 = No

1 = Yes

99 = Unknown

107

Borrower Income Verification Level

A code indicating the extent to which the borrower’s income has been verified:
4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Xxxxx 0 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed borrowers: Xxxxx 0 Income Verification:
• 2 Years Tax Returns
• Self-prepared tax returns (regardless of 4506 and tax transcripts)

** For self-employed borrowers: Xxxxx 0 Income Verification:
• 2 Years tax returns
• Tax returns prepared and not executed by a CPA, with
o CPA name & phone number shown on the Preparer section of the tax return
o Executed 4506 and tax transcripts (matching returns in file)
• Tax returns prepared and executed by a CPA (regardless of 4506 and tax transcripts)

Borrower Qualification

Numeric – Integer

Always

See Coding

1 = Not Stated, Not Verified
2 = Stated, Not Verified
3 = Stated, “Partially” Verified
4 = Stated, “Level 4” Verified (as defined)
5 = Stated, “Level 5” Verified (as defined)

Field Number

Field Name

Field Description

Type of Field

Data Type

Sample Data

Format

When Applicable?

Valid Values

Proposed Unique Coding

Notes

108

Co-Borrower Income Verification

A code indicating the extent to which the co-borrower’s income has been verified: Xxxxx 0 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Xxxxx 0 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed borrowers: Xxxxx 0 Income Verification:
• 2 Years Tax Returns
• Self-prepared tax returns (regardless of 4506 and tax transcripts)

** For self-employed borrowers: Xxxxx 0 Income Verification:
• 2 Years tax returns
• Tax returns prepared and not executed by a CPA, with
o CPA name & phone number shown on the Preparer section of the tax return
o Executed 4506 and tax transcripts (matching returns in file)
• Tax returns prepared and executed by a CPA (regardless of 4506 and tax transcripts)

Borrower Qualification

Numeric – Integer

If “Total Number of Borrowers” > 1

See Coding

1 = Not Stated, Not Verified

2 = Stated, Not Verified

3 = Stated, “Partially” Verified

4 = Stated, “Level 4” Verified (as defined)

5 = Stated, “Level 5” Verified (as defined)

109

Borrower Employment Verification

A code indicating the extent to which the primary borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the borrower’s current employment.

Borrower Qualification

Numeric – Integer

Always

See Coding

1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined)

110

Co-Borrower Employment Verification

A code indicating the extent to which the co-borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the co-borrower’s current employment.

Borrower Qualification

Numeric – Integer

If “Total Number of Borrowers” > 1

See Coding

1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined)

111

Borrower Asset Verification

A code indicating the extent to which the primary borrower’s assets used to qualify the loan have been verified:

Level 4 Verified = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter).

Borrower Qualification

Numeric – Integer

Always

See Coding

1 = Not Stated, Not Verified

2 = Stated, Not Verified

3 = Stated, “Partially” Verified

4 = Stated, Level 4 Verified (as defined)

112

Co-Borrower Asset Verification

A code indicating the extent to which the co-borrower’s assets used to qualify the loan have been verified:

Level 4 = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter).

Borrower Qualification

Numeric – Integer

If “Total Number of Borrowers” > 1

See Coding

1 = Not Stated, Not Verified

2 = Stated, Not Verified

3 = Stated, “Partially” Verified

4 = Stated, Level 4 Verified (as defined)

113

Liquid / Cash Reserves

The actual dollar amount of remaining verified liquid assets after settlement. (This should not include cash out amount of subject loan.)

Borrower Qualification

Numeric – Decimal

3242.76

9(9).99

Always

>= 0

114

Monthly Debt All Borrowers

The aggregate monthly payment due on other debt (excluding only installment loans with fewer than 10 payments remaining and other real estate loans used to compute net rental income— which is added/subtracted in the income fields).

Borrower Qualification

Numeric – Decimal

3472.43

9(9).99

Always

>= 0

115

Originator DTI

Total Debt to income ratio used by the originator to qualify the loan.

Borrower Qualification

Numeric – Decimal

0.35

9.999999

Always

>= 0 and >= 1

116

Fully Indexed Rate

The fully indexed interest rate as of securitization cut-off.

Borrower Qualification

Numeric – Decimal

0.0975

9.999999

ARMs Only

>= 0 and >= 1

117

Qualification Method

Type of mortgage payment used to qualify the borrower for the loan.

Borrower Qualification

Numeric – Integer

Always

See Coding

1 = Start Rate

2 = First Year Cap Rate

3 = I/O Amount

4 = Fully Indexed

5 = Min Payment

98 = Other

99 = Unknown

118

Percentage of Down Payment from Borrower Own Funds

Include only borrower funds, do not include any gift or borrowed funds. (Issuers may provide the actual percentage for each loan, or the guideline percentage and note departure concentration on the transaction summary.)

Borrower Qualification

Numeric – Decimal

0.5

9.999999

Purchase Loans Only

>= 0 and >= 1

119

City

The name of the city.

Subject Property

Text

New York

X(45)

Always

Unk=Unknown

120

State

The name of the state as a 2-digit Abbreviation.

Subject Property

Text

Always

See Coding

See Appendix H

121

Postal Code

The postal code (zip code in the US) where the subject property is located.

Subject Property

Text

10022

X(5)

Always

Unk=Unknown

122

Property Type

Specifies the type of property being used to secure the loan.

Subject Property

Numeric – Integer

Always

See Coding

See Appendix D

123

Occupancy

Specifies the property occupancy status (e.g., owner-occupied, investment property, second home, etc.).

Subject Property

Numeric – Integer

Always

See Coding

See Appendix E

124

Sales Price

The negotiated price of a given property between the buyer and seller.

Subject Property

Numeric – Decimal

450000.23

9(10).99

Purchase Loans Only

> 0

125

Original Appraised Property Value

The appraised value of the property used to approve the loan.

Subject Property

Numeric – Decimal

550000.23

9(10).99

Always

> 0

126

Original Property Valuation Type

Specifies the method by which the property value (at the time of underwriting) was reported.

Subject Property

Numeric – Integer

Always

See Coding

See Appendix F

127

Original Property Valuation Date

Specifies the date on which the original property value (at the time of underwriting) was reported. (Issuers unable to provide may Rep and Warrant that the appraisal used for underwriting was not more than x days old at time of loan closing.)

Subject Property

Date

20090914

YYYYMMDD

Always

“19010101” if unknown

128

Original Automated Valuation Model (AVM) Model Name

The name of the AVM Vendor if an AVM was used to determine the original property valuation.

Subject Property

Numeric – Integer

Always

See Appendix I

129

Original AVM Confidence Score

The confidence range presented on the AVM report.

Subject Property

Numeric – Decimal

0.74

9.999999

If AVM Model Name (Field 127) > 0

>= 0 to <= 1

130

Most Recent Property Value[1]

If a valuation was obtained subsequent to the valuation used to calculate LTV, the most recent property value.

Subject Property

Numeric – Decimal

500000

9(10).99

If updated value was obtained subsequent to loan approval

> 0

131

Most Recent Property Valuation Type

If an additional property valuation was obtained after the valuation used for underwriting purposes, the method by which the property value was reported.

Subject Property

Numeric – Integer

If updated value was obtained subsequent to loan approval

See Coding

See Appendix F

132

Most Recent Property Valuation Date

Specifies the date on which the updated property value was reported.

Subject Property

Date

20090914

YYYYMMDD

If updated value was obtained subsequent to loan approval

“19010101” if unknown

133

Most Recent AVM Model Name

The name of the AVM Vendor if an AVM was used to determine the updated property valuation.

Subject Property

Numeric – Integer

If updated value was obtained subsequent to loan approval

See Coding

See Appendix I

134

Most Recent AVM Confidence Score

If AVM used to determine the updated property valuation, the confidence range presented on the AVM report.

Subject Property

Numeric – Decimal

0.85

9.999999

If “Most Recent AVM Model Name” > 0

>= 0 to <= 1

135

Original CLTV

The ratio obtained by dividing the amount of all known outstanding mortgage liens on a property at origination by the lesser of the appraised value or the sales price. The value is then truncated to four decimal places.

Loan-to-Value (LTV)

Numeric – Decimal

0.96

9.999999

Always

>= 0 and <= 1.5

136

Original LTV

The ratio obtained by dividing the original mortgage loan amount on the note date by the lesser of the mortgaged property’s appraised value on the note date or its purchase price. The value is then truncated to four decimal places.

Loan-to-Value (LTV)

Numeric – Decimal

0.8

9.999999

Always

>= 0 and <= 1.25

137

Original Pledged Assets

The total value of assets pledged as collateral for the loan at the time of origination. Pledged assets may include cash or marketable securities.

Loan-to-Value (LTV)

Numeric – Decimal

75000

9(10).99

Always

>=0

138

Mortgage Insurance Company Name

The name of the entity providing mortgage insurance for a loan.

Mortgage Insurance

Numeric – Integer

Always

See Coding

See Appendix G

139

Mortgage Insurance Percent

Mortgage Insurance coverage percentage.

Mortgage Insurance

Numeric – Decimal

0.25

9.999999

“Mortgage Insurance Company Name” > 0

>= 0 to <= 1

140

MI: Lender or Borrower Paid?

An indicator of whether mortgage insurance is paid by the borrower or the lender.

Mortgage Insurance

Numeric – Integer

“Mortgage Insurance Company Name” > 0

See Coding

1 = Borrower-Paid

2 = Lender- Paid

99 = Unknown

Field Number

Field Name

Field Description

Type of Field

Data Type

Sample Data

Format

When Applicable?

Valid Values

Proposed Unique Coding

Notes

141

Pool Insurance Co. Name

Name of pool insurance provider.

Mortgage Insurance

Numeric – Integer

Always

See Coding

See Appendix G

142

Pool Insurance Stop Loss %

The aggregate amount that a pool insurer will pay, calculated as a percentage of the pool balance.

Mortgage Insurance

Numeric – Decimal

0.25

9.999999

Pool MI Company > 0

>= 0 to <= 1

143

MI Certificate Number

The unique number assigned to each individual loan insured under an MI policy.

Mortgage Insurance

Text

123456789G

X(20)

MI Company

UNK = Unknown

> 0

144

Updated DTI

(Front-end)

Updated front-end DTI ratio (total monthly housing expense divided by total monthly income) used to qualify the loan modification.

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Numeric – Decimal

0.35

9.999999

Modified Loans Only

>= 0 and >= 1

145

Updated DTI
(Back-end)

Updated back-end DTI ratio (total monthly debt expense divided by total monthly income) used to qualify the loan modification.

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Numeric – Decimal

0.35

9.999999

Modified Loans Only

>= 0 and >= 1

146

Modification Effective Payment Date

Date of first payment due post modification.

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Date

20090914

YYYYMMDD

Modified Loans Only

“19010101” if unknown

147

Total Capitalized Amount

Amount added to the principal balance of a loan due to the modification.

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Numeric – Decimal

12000

9(10).99

Modified Loans Only

>= 0

148

Total Deferred Amount

Any non-interest-bearing deferred amount (e.g., principal, interest and fees).

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Numeric – Decimal

12000

9(10).99

Modified Loans Only

>= 0

149

Pre-Modification Interest (Note) Rate

Scheduled Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date.

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Numeric – Decimal

0.075

9.999999

Modified Loans Only

>= 0 to <= 1

150

Pre-Modification P&I Payment

Scheduled Total Principal And Interest Payment Amount Preceding The Modification Effective Payment Date – or if servicer is no longer advancing P&I, the payment that would be in effect if the loan were current.

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Numeric – Decimal

2310.57

9(10).99

Modified Loans Only

> 0

151

Pre-Modification Initial Interest Rate Change Downward Cap

Maximum amount the rate can adjust downward on the first interest rate adjustment date (prior to modification) – Only provide if the rate floor is modified.

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Numeric – Decimal

0.015

9.999999

Modified Loans Only

>= 0 to <= 1

152

Pre-Modification Subsequent Interest Rate Cap

Maximum increment the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the Cap is modified.

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Numeric – Decimal

0.015

9.999999

Modified Loans Only

>= 0 to <= 1

153

Pre-Modification Next Interest Rate Change Date

Next Interest Reset Date Under The Original Terms Of The Loan (one month prior to new payment due date).

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Date

20090914

YYYYMMDD

Modified Loans Only

“19010101” if unknown

154

Pre-Modification I/O Term

Interest Only Term (in months) preceding The Modification Effective Payment Date.

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Numeric – Integer

999

Modified Loans Only

>= 0 to <= 120

155

Forgiven Principal Amount

The sum total of all principal balance reductions (as a result of loan modification) over the life of the loan.

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Numeric – Decimal

12000

9(10).99

Modified Loans Only

>= 0

156

Forgiven Interest Amount

The sum total of all interest incurred and forgiven (as a result of loan modification) over the life of the loan.

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Numeric – Decimal

12000

9(10).99

Modified Loans Only

>= 0

157

Number of Modifications

The number of times the loan has been modified.

Loan Modifications (Pertains only to loans modified for loss mitigation purposes)

Numeric – Integer

Modified Loans Only

>= 0

158

Cash To/From Brrw at Closing

Indicates the amount of cash the borrower(s) paid into or received at closing.

[HUD-1 Bottom Line] + [Xxxxxxx money] + [Paid Outside Closing Items]

Numeric – Decimal

100000.01

9(10).99

159

Brrw - Yrs at in Industry

Number of years the primary borrower has been working in their current industry

Numeric – Decimal

9.9

9.999999

160

CoBrrw - Yrs at in Industry

Number of years the co-borrower has been working in their current industry

Numeric – Decimal

9.999999

161

Junior Mortgage Drawn Amount

Applicable if the subject loan is a first mortgage. At the time of origination for the subject loan, the sum of the outstanding balance(s) for any junior mortgages (HELOCs and closed-end).

Numeric – Decimal

100000.01

9(10).99

162

Maturity Date

Maturity date of mortgage

Date

20420501

YYYYMMDD

163

Primary Borrower Wage Income (Salary)

The primary borrower's salary wage income

Numeric – Decimal

10000.44

9(10).99

164

Primary Borrower Wage Income (Bonus)

The primary borrower's bonus wage income

Numeric – Decimal

10000.44

9(10).99

165

Primary Borrower Wage Income (Commission)

The primary borrower's commission wage income

Numeric – Decimal

10000.44

9(10).99

000

Xx-Xxxxxxxx Xxxx Income (Salary)

The coborrower's salary wage income

Numeric – Decimal

10000.44

9(10).99

000

Xx-Xxxxxxxx Xxxx Income (Bonus)

The coborrower's bonus wage income

Numeric – Decimal

10000.44

9(10).99

000

Xx-Xxxxxxxx Xxxx Income (Commission)

The coborrower's commission wage income

Numeric – Decimal

10000.44

9(10).99

169

Originator Doc Code

Documentation Code value as presented by the seller.

Text

Full

XXXX

170

RWT Income Verification

Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower asset verification

Text

2 Years

XXXX

171

RWT Asset Verification

Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower Income verification

Text

2 Months

XXXX

MH-1

Real Estate Interest

Indicates whether the property on which the manufactured home is situated is owned outright or subject to the terms of a short- or long-term lease. (A long-term lease is defined as a lease whose term is greater than or equal to the loan term.)

Manufactured Housing

Numeric – Integer

Manufactured Housing Loans Only

See Coding

1 = Owned

2 = Short-term lease

3 = Long-term lease

99 = Unavailable

MH-2

Community Ownership Structure

If the manufactured home is situated in a community, a means of classifying ownership of the community.

Manufactured Housing

Numeric – Integer

Manufactured Housing Loans Only

See Coding

1 = Public Institutional

2 = Public Non-Institutional 3 = Private Institutional

4 = Private Non-Institutional

5 = HOA-Owned

6 = Non-Community

99 = Unavailable

MH-3

Year of Manufacture

The year in which the home was manufactured (Model Year — YYYY Format). Required only in cases where a full appraisal is not provided.

Manufactured Housing

Numeric – Integer

2006

YYYY

Manufactured Housing Loans Only

1901 = Unavailable

MH-4

HUD Code Compliance Indicator (Y/N)

Indicates whether the home was constructed in accordance with the 1976 HUD code. In general, homes manufactured after 1976 comply with this code.

Manufactured Housing

Numeric – Integer

Manufactured Housing Loans Only

See Codes

0 = No

1 = Yes
99 = Unavailable

MH-5

Gross Manufacturer’s Invoice Price

The total amount that appears on the manufacturer’s invoice (typically includes intangible costs such as transportation, association, on-site setup, service and warranty costs, taxes, dealer incentives, and other fees).

Manufactured Housing

Numeric – Decimal

72570.62

9(10).99

Manufactured Housing Loans Only

>= 0

MH-6

LTI (Loan-to-Invoice) Gross

The ratio of the loan amount divided by the Gross Manufacturer’s Invoice Price (Field MH-5).

Manufactured Housing

Numeric – Decimal

0.75

9.999999

Manufactured Housing Loans Only

>= 0 to <= 1

MH-7

Net Manufacturer’s Invoice Price

The Gross Manufacturer’s Invoice Price (Field MH-5) minus intangible costs, including: transportation, association, on-site setup, service, and warranty costs, taxes, dealer incentives, and other fees.

Manufactured Housing

Numeric – Decimal

61570.62

9(10).99

Manufactured Housing Loans Only

>= 0

MH-8

LTI (Net)

The ratio of the loan amount divided by the Net Manufacturer’s Invoice Price (Field MH-7).

Manufactured Housing

Numeric – Decimal

0.62

9.999999

Manufactured Housing Loans Only

>= 0 to <= 1

MH-9

Manufacturer Name

The manufacturer of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.)

Manufactured Housing

Text

“XYZ Corp”

Char (100)

Manufactured Housing Loans Only (where no appraised value is provided)

MH Manufacturer name in double quotation xxxxx

XX-10

Model Name

The model name of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.)

Manufactured Housing

Text

“DX5-916-X”

Char (100)

Manufactured Housing Loans Only (where no appraised value is provided)

MH Model name in double quotation xxxxx

XX-11

Down Payment Source

An indicator of the source of the down payment used by the borrower to acquire the property and qualify for the mortgage.

Manufactured Housing

Numeric – Integer

Manufactured Housing Loans Only

See Codes

1 = Cash

2 = Proceeds from trade in

3 = Land in Lieu
4 = Other

99 = Unavailable

MH-12

Community/Related Party Lender (Y/N)

An indicator of whether the loan was made by the community owner, an affiliate of the community owner or the owner of the real estate upon which the collateral is located.

Manufactured Housing

Numeric – Integer

Manufactured Housing Loans Only

See Codes

0 = No
1 = Yes
99 = Unavailable

MH-13

Defined Underwriting Criteria (Y/N)

An indicator of whether the loan was made in accordance with a defined and/or standardized set of underwriting criteria.

Manufactured Housing

Numeric – Integer

Manufactured Housing Loans Only

See Codes

0 = No
1 = Yes
99 = Unavailable

MH-14

Chattel Indicator

An Indicator of whether the secured property is classified as chattel or Real Estate.

Manufactured Housing

Numeric – Integer

Manufactured Housing Loans Only

See Codes

0 = Real Estate
1 = Chattel
99 = Unavailable

ATTACHMENT 2

PURCHASE AGREEMENT

Refer to Exhibit 10.17

Document Metadata

Table of Contents

ASSIGNMENT OF REPRESENTATIONS AND WARRANTIES AGREEMENT

Document Metadata